Take a look at some of the biggest movers in the premarket: AT&T (T), Discovery (DISCA) – AT&T and Discovery announced a deal to combine Discovery with AT&T’s WarnerMedia unit. The combination would be co-owned by current shareholders of both companies, and would create a new stronger streaming video challenger to the likes of Netflix
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. On March 10, 2021, Freddie Mac and Fannie May announced that they will buy fewer second-home and investment mortgages. Although the news did not set the real estate market into a downward spiral, it is now raising concerns for consumers as well as for real estate
An earlier post made clear this economy’s powerful near-term growth momentum. It also warned about longer-term economic risks, especially given Washington’s efforts to hype the economy. Against this background of conjoined economic optimism and worry (common enough in almost all economic analyses) the expansion in residential real estate seems so far to rest on a remarkably
Contractors work on single-family homes under construction in the Cadence Park development of The Great Park Neighborhoods in Irvine, California, on Wednesday, April 14, 2021. Bing Guan | Bloomberg | Getty Images Strong buyer demand is keeping homebuilders confident, but the risk of rising construction material costs continues to weigh on housing affordability.  Builder sentiment
The Puerto Rico Oversight Board voted to overrule the territory’s House of Representatives on spending for the privatization of the Puerto Rico Electric Power Authority transmission and distribution system. On Wednesday the House voted 43 to 0 with 2 abstentions against authorizing a revision to this year’s General Fund budget allocating $750 million for the
Connecticut officials enter this week’s $1 billion general obligation bond sale armed with four upgrades in six weeks, including three within two days last week. Fitch Ratings on Friday upgraded the state’s GO rating to AA-minus. One day earlier, Kroll Bond Rating Agency and S&P Global Ratings elevated Connecticut to AA and A-plus, respectively. Moody’s
The World Economic Forum has been forced to scrap its plans for an in-person annual meeting once again, cancelling a gathering planned for August in Singapore as the city state imposed new restrictions and new Covid-19 outbreaks shake its members’ confidence.  “Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of
The Federal Reserve’s policy is in a good place right now, said Cleveland Fed President Loretta Mester, while playing down signals from data that she warns will be volatile as the economy reopens. “The volatility month-to-month I think is something we should expect, Mester said Friday in an interview on Bloomberg Television. “We’re really at
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. South Korean Central Bank to Intensify Screening of Crypto-Related
The fracas between governors and legislatures over executive powers during the COVID-19 pandemic is reaching a new level in Pennsylvania — two proposed constitutional amendments. Keystone State voters on Tuesday will decide on two ballot measures that would limit the governor’s emergency disaster declaration powers and enable the state legislature to end a declaration with