In signs that housing inventory is seeing meaningful recovery, active listings rose in July at a record annual pace — up 30.7% — for the third month in a row, according to the Realtor.com Monthly Housing Trends Report released on Tuesday. Although buyers had more for-sale home options in July, competition remained largely in sellers’
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Household energy bills in Britain are projected to peak at more than £4,420 a year on average next spring, posing a “fresh shock” for households already enduring a cost of living crisis. The energy consultancy Cornwall Insight on Tuesday raised its forecasts for Britain’s price cap following an announcement by the energy regulator Ofgem of
How will our homes be connected to the Internet five years from now? How will we? With keywords like “user-centric,” “holistic” and “experiences,” one of the smart home technology industry’s leading trade groups is bullish on a future that’s about much more than the latest gear. CEDIA’s members are the technology integrators who equip our
We have to entertain the notion that Keir Starmer is good at politics. He has scrubbed Labour of the worst of the left. He has turned extinction-level opinion polls for his party into almost fine ones. He has — mark this — the eternal trait of the political winner: he unhinges his critics. Why, then,
Taipei has warned that China could use military drills around the island to establish control over the entire Taiwan Strait, impeding international shipping and air traffic and strengthening Beijing’s efforts to deny the US military access to the area. The warning from foreign minister Joseph Wu came as the People’s Liberation Army said it was
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Good morning. Liz Truss’s interview with the FT continues to make waves at Westminster. I know that sounds like the kind of thing that I’m contractually obliged to write, but
Global equity markets had modest declines at the open on Tuesday, with traders awaiting US inflation data that would inform the Federal Reserve’s plans to tackle inflation. Europe’s benchmark Stoxx 600 opened down 0.1 per cent and Germany’s Dax index lost 0.3 per cent in early trading. The FTSE 100 traded flat. Trading was also
Bangladesh’s finance minister has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global inflation and slowing growth add to the strains on indebted emerging markets. AHM Mustafa Kamal also said Beijing needed to be more rigorous in evaluating its loans amid concern that poor lending
The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy There are times when one wants to be wrong. I have felt this way several times in the past 15 months, whether in warning last year that inflation would not prove transitory or cautioning that the Federal Reserve was rapidly
Economists love a good mystery. Before the pandemic, one thing they puzzled over was the steady rise in the number of self-employed people in Britain’s labour market — a stronger trend than in most other developed countries. Now there is a new mystery: where on earth they’ve all gone. When the pandemic hit, the ranks
When buyout groups Hellman & Friedman and Permira began stalking a takeover of business software giant Zendesk in February, they tried to bring in a third partner for what would be a large deal. They called Blackstone, a firm that manages more than $125bn in private equity assets and that they each knew well from
Former US president Donald Trump said on Monday that his residence at the Mar-a-Lago club in Florida was being raided by a “large group” of FBI agents. In a statement posted on Twitter by an affiliated account, Trump said his Florida residence “is currently under siege, raided and occupied by a large group of FBI
Russia said it would suspend American inspections of its nuclear weapons under a key treaty with the US because of western sanctions over its invasion of Ukraine. Moscow told the US on Monday it could no longer participate in inspections under the New Start Treaty, the last major arms control agreement remaining between the countries,
Xi Jinping finally has something that eluded him for almost a decade: a trusted confidante at the top of China’s police ministry. Wang Xiaohong’s appointment as public security minister in June marked another breakthrough for Xi in his relentless consolidation of power since being appointed head of the Chinese Communist party and its Central Military
It was a steady start to the week, with municipal triple-A yield curves little changed, U.S. Treasuries took a break from last week’s volatility to close out firmer across the curve while equities were mixed. Muni-UST ratios on Monday were at 61% in five years, 81% in 10 years and 97% in 30 years, according
Wall Street stocks kicked off the week on an upbeat note after losses in the previous session, when a hot US jobs report added to expectations of aggressive interest rate rises by the Federal Reserve. The blue-chip S&P 500 and the tech-heavy Nasdaq Composite both rose 0.6 per cent at the open on Monday. In
Despite several years of efforts, Hawaii’s funded pension ratio hovers around 50%, the same level as Illinois and New Jersey, the states with the lowest bond ratings, and yet the state retains its double-A-level ratings. S&P Global Ratings upgraded the state a notch to AA-plus from AA in 2016 with analysts partly citing a plan
Cook County, Illinois, heads into the market this week with two deals totaling nearly $500 million that will benefit from an outlook from boost from Moody’s Investors Service over its healthy fund balances. The $215 million sales tax transaction pricing Tuesday offers two tranches to refund outstanding debt and take out a credit line that
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The Hammer and Hanging Man patterns go hand in hand and represent a bullish and bearish signal. In this video trading expert David Jones breaks them down and shows us how to spot them on the chart, how to interpret their appearance and what to watch out for before making a trading decision. At Trading