Author: SmartWealthNews.com
Some Washington D.C. lawmakers want to limit Wall Street’s role in the housing market. In recent years, a small but mighty group of corporations bought hundreds of thousands of homes in sunbelt-region suburbs. These homes are traditionally a crucial investment for American families. But rising home prices are shutting would-be homebuyers out of the market. Meanwhile, financial groups are profiting from rising rents while their subsidiaries build small amounts of new standalone homes in the U.S. Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes. They’ve also added to…
With consumers willing to reach ever deeper into their pockets to buy eggs, the savvy move, some reason, is to own the eggs. Source link
Oil futures bounced Friday from 2025 lows, but were on track for a third straight weekly fall amid rising U.S. inventories and worries that higher U.S. tariffs on China will dent growth and crude demand. Source link
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The markets expect there to be three more base rate cuts this year, which means it should be down to 3.75% by the close of 2025. This comes in response to the Bank of England’s decision to slash the base rate to 4.5%. Notably two members of the Monetary Policy Committee wanted a deeper cut to 4.25%, while Bank of England Governor Andrew Bailey signalled that there will be more reductions in the coming months. Frances Haque, chief economist at Santander UK, said the bank is forecasting three more cuts this year, including one in May. She said: “The cut…
May.14 — Corporate insiders including Amazon’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that’s helped boost fortunes to the tune of trillions. Bloomberg’s Devon Pendleton has more on “Bloomberg Markets: The Close.” source
DONALD TRUMP likes oil—and oilmen. He gushes about “liquid gold” with as much ferocity as Spindletop, an oil well that spat out perhaps 1m barrels over nine days in 1901 and turned nearby Houston into a boomtown. In his first administration he named Rex Tillerson, former chief executive of ExxonMobil, America’s mightiest hydrocarbon firm, as secretary of state. On February 3rd the Senate blessed Chris Wright, who founded an oil-services firm called Liberty Energy, as head of the Department of Energy. Mr Trump promises that on his watch big oil can “drill, baby, drill” to its heart’s content. Source link
The Bank of England on Thursday cut interest rates by a quarter-point, its third reduction since August. Source link
The global crypto market saw moderate green indexes even though Bitcoin (BTC) failed to regain the $100k mark so far. It seems like investors are still looking for more bullish flags. Meanwhile, data reveals that the crypto whales are stacking up their holdings during this drop. The Fear and Greed Index is flashing “Fear” sentiment among traders in the digital assets market. The cumulative crypto market grew marginally over the last day to stand at $3.24 trillion. Bitcoin-linked exchange-traded funds (ETFs) resumed their inflow streak after a heavy drop, suggesting that investors are preparing for the next leg. Bitcoin retail…
Scotland’s rent controls will expire on March 31 2025, meaning landlords will be able to set rents with no restriction until the Housing (Scotland) Bill comes into effect in 2027. Rents were frozen in 2022, before being subject to a cap between April 2023 and April 2025. Paul MacLennan, Scottish housing minister, told the Herald: “The temporary changes to rent adjudication were in place to support the transition away from the short-term rent cap that was in place under the Cost-of-Living Act. “They were in place for year to manage the risk of very steep increases in rents for tenants…