The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively.
Newsfeed: China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan Read More »
In the week ending April 28, 2022, mortgage rates fell for the first time in eight weeks. 30-year fixed rates slipped by 1 basis point to 5.10%. 30-year fixed rates rose by 11 basis points in the week prior.
Newsfeed: U.S Mortgage Rates Fall for the First Time in 8-Weeks Read More »
After a tumultuous week of violent lurches higher (but mostly lower), the S&P 500 has ended April with its worst start to a year since the start of World War 2…
Newsfeed: Buffett Blasts Bankers For Turning Stock Market Into “A Gambling Parlor” Read More »
Both incomes and spending were expected to rise MoM in March and they did with spending rising 1.1% MoM (almost double the 0.6% rise expected) and outpacing the 0.5% MoM rise in incomes.
Newsfeed: Fed’s Favorite Inflation Signal Hits 40 Year High As Savings-Rate Crashes Read More »
U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in April’s technology-led sell-off.
Rick Santelli has the latest numbers released …
Newsfeed: GDP contracts 1.4 percent… Read More »
After the unexpectedly large drops in new- and existing-home-sales, analysts expected pending home sales to also fall in March (though only modestly) and they did, dropping 1.2% MoM (worse than the 1.0% drop expected) leaving pending home sales down 8.9% YoY…
The real estate market is cooling quickly …
Newsfeed: Mortgage applications drop 50 percent… Read More »
Sales of new U.S. homes fell in March to a four-month low, indicating high prices and surging borrowing costs are putting more of a squeeze on the market.
Newsfeed: Sales of New U.S. Homes Drop to Lowest in Four Months Read More »
Analysts expected a 3rd straight month of declines in new home sales in March, but they did not see this bloodbath coming. New Home Sales crashed 8.6% MoM (vs -0.6% exp). That drags new home sales down 12.6% YoY.
Newsfeed: US New Home Sales Crashed In March Read More »