Author: Press Room
Mortgage rates moved lower for the second consecutive week, sending purchase applications higher in further signs of pent-up demand amid an ongoing affordability crisis in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.69% — the lowest since October — from last week’s reading of 6.81%. The average rate on a 30-year loan was 7.03% a year ago. Many would-be buyers and sellers are holding out to see if rates fall further. Currently, about 80% of mortgage holders have a rate below 5%,…
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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bitcoin has surged above $100,000 for the first time, extending a dramatic rally as investors bet on greater political and regulatory support from US president-elect Donald Trump.The price of the world’s largest cryptocurrency has climbed more than 40 per cent since Trump’s November election victory. The Republican has previously vowed to make the US “the bitcoin superpower of the world”.On Wednesday the former president nominated crypto advocate Paul Atkins to run the Securities and Exchange Commission, the main market regulator.The nomination added…
When it comes to ambition, pacing and purpose, every generation has its own healthy operating beliefs. There’s an overlap but overall, the development of wisdom is cumulative and comes about from the processing of life experience, something that happily retired baby boomers who are happy in retirement have in abundance. Nevertheless, for baby boomers, the temptation is to share what we’ve learned with our offspring. But the wisest among us keep at least some of our discoveries about life in retirement largely to ourselves. In doing so, our adult children switch lanes prematurely and skip important steps needed for their…
The Descartes Systems Group Inc. (NASDAQ:DSGX) Q3 2025 Earnings Conference Call December 3, 2024 5:30 PM ET Company Participants Scott Pagan – President and Chief Operating OfficerEd Ryan – Chief Executive OfficerAllan Brett – Chief Financial Officer Conference Call Participants Faith Brunner – William BlairPaul Treiber – RBC Capital MarketsStephanie Price – CIBCLachlan Brown – Redburn AtlanticRaimo Lenschow – BarclaysJohn Shao – National BankScott Group – Wolfe ResearchKevin Krishnaratne – Scotia BankRobert Young – Canaccord GenuitySteven Li – Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to The Descartes Systems Group Quarterly Results Conference Call. At this time,…
Chinese exports and investment are pouring into Saudi Arabia as the kingdom’s demand for green tech deepens a relationship once defined by oil sales and challenges business ties with its traditional western partners.Bilateral trade has for many years been almost totally dominated by Chinese purchases of Saudi oil. But now, Chinese exports to Saudi Arabia are tracking towards a record high, at $40.2bn in the first 10 months of the year, up from $34.9bn for the same period last year, according to Chinese government data.China has also become the kingdom’s largest source of greenfield foreign direct investment, with investments from…
Like many people, you may have put off finalizing estate tax planning 2024 election results were in. Some people held off on any gifting to make a final decision. Others set up trusts and gifted smaller amounts to them as a placeholder. Now that the White House and both houses of Congress are in Republican control, what comes next? The 2017 Tax Cuts and Job Acts and the current $13.61 million federal estate tax exemption expire on Dec. 31, 2025. While Republicans have expressed their intention to extend the 2017 tax law within the first 100 days of the new…
Housing prices have remained high for the last few years, largely due to fluctuating mortgage rates and lasting economic effects from the pandemic. In response, conforming loan limits (CLL), which determine how big of a loan borrowers are allowed to take out, are set to rise in 2025, the Federal Housing Finance Agency (FHFA) recently announced. As home prices rise, the FHFA tends to raise the standard CLL. The new limit for 2025 is $806,500 for one-unit mortgages in most states. Borrowers looking to take out a larger loan have to opt for alternative mortgage options like jumbo loans or…
Zscaler, Inc. (NASDAQ:ZS) Q1 2025 Earnings Conference Call December 2, 2024 4:30 PM ET Company Participants Ashwin Kesireddy – Vice President, Investor Relations and Strategic FinanceJay Chaudhry – Chairman and Chief Executive OfficerRemo Canessa – Chief Financial Officer Conference Call Participants Saket Kalia – BarclaysAndrew Nowinski – Wells ForgoGabriela Borges – Goldman SachsBrad Zelnick – Deutsche BankMike Cikos – NeedhamIttai Kidron – OppenheimerRob Owens – Piper SandlerBrian Essex – JPMorganJoel Fishbein – Truist SecuritiesFatima Boolani – CitigroupShrenik Kothari – BairdMatt Hedberg – RBC Capital MarketsRoger Boyd – UBS Operator Good day, and thank you for standing by. Welcome to the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A judge in Delaware has rebuffed Tesla’s attempt to revive a $56bn pay package for Elon Musk, saying that shareholders’ overwhelming reapproval was not enough to override her previous rejection of the package.Monday’s decision is a stinging rebuke of the world’s most valuable carmaker and chief executive Musk, the richest man in the world who has been riding high since Donald Trump was elected for a second term as US president a month ago.Judge Kathaleen McCormick concluded that Tesla’s unprecedented effort to…
