Interest rate jitters are meaningfully pushing investors to the shorter end of the yield curve, according to Joanna Gallegos, co-founder of fixed-income ETF issuer BondBloxx. Gallegos, former head of global ETF strategy for JPMorgan, believes it’s a sound approach. “It’s an intuitive trade. This is not 2022. This is not even five years ago. Yields […]
Wall Street doesn’t have much time to digest this week’s market-moving news — including Friday’s jobs report and the sudden collapse of Silicon Valley Bank — before it has more economic data on its plate. Most important of the incoming slew of reports is the consumer price index (CPI), which calculates the average change over […]
Unfortunately for apartment dwellers, the walls may feel like they’re closing in. The average size of new apartments in 2022 was 30 square feet smaller than the year before, the sharpest drop in the last 10 years, according to a recent study from RentCafe.com. The share of one-bedroom and studio apartments grew to 57% of […]
US Alpine skier Mikaela Shiffrin. Srdjan Zivulovic | Reuters American skier Mikaela Shiffrin set the outright World Cup record for most career victories with 87 by winning a slalom Saturday. Shiffrin broke a tie with Ingemar Stenmark on the all-time overall winners list between men and women. The Swede competed in the 1970s and 80s. Shiffrin had matched Stenmark’s […]
It’s suddenly become tougher for investors to peer across the valley toward a more welcoming landscape. At the start of this year and into last week, markets have been able to look through the recession precursors and historic jump in bond yields toward the presumptive end of the Federal Reserve tightening cycle and a potential […]
David Carbon, vice president of Prime Air at Amazon.com Inc., speaks during the Delivering the Future event at the Amazon Robotics Innovation Hub in Westborough, Massachusetts, US, on Thursday, Nov. 10, 2022. Bloomberg | Bloomberg | Getty Images In mid-January, Amazon’s drone delivery head David Carbon sat down for his weekly “AC/DC” video address to […]
Adjustable-rate mortgages (ARMs) tend to become more popular as rates rise and borrowers look for ways to save on interest. When mortgage rates hit historic lows in 2021, ARM loans accounted for less than 2% of mortgage applications. When rates went up in 2022, the share of ARM loan applications peaked at nearly 13%, according […]
Crypto-focused Silvergate , which announced its plans to liquidate this week, is suffering from woes similar to that of failed Silicon Valley Bank . That is, Silvergate’s distress is linked to rising interest rates – rather than the whims of digital assets. Silvergate had faced several financial challenges since the collapse of crypto exchange FTX […]
The Silicon Valley Bank (SVB) logo is seen through a rain-covered window. Justin Sullivan | Getty Images News | Getty Images U.S. cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank, the company said in a tweet on Friday. The stablecoin company’s announcement […]
Olivier Douliery | AFP | Getty Images The Bank of England said on Friday that it was seeking a court order to place Silicon Valley Bank UK Limited into an insolvency procedure, after U.S. regulators took over its parent company, SVB Financial Group, earlier in the day. “SVB UK has a limited presence in the […]
