Author: News Room

The housing market appears to be starting to loosen.IP Galanternik DU/Getty Images Housing starts jumped in February more than expected and by the most in nine months. Building permits also jumped, climbing at the fastest rate since August.  Single-family construction and multi-family construction also rebounded from January. Housing market activity has been muted over the last several years due to high mortgage rates and home prices, as well as limited inventory. Yet the latest batch of economic data suggests the landscape may be starting to shift and more housing options are becoming available for buyers.  In February, housing starts climbed 10.7% month-over-month…

On March 6, Rep. Marjorie Taylor Greene lit into her own party in searing terms as she voted against a package of bills to fund broad swaths of the federal government.”Republicans have no excuse for having brought this minibus forward,” the Georgia Republican said in a statement that day.Greene listed a litany of grievances, including the fact the package’s six bills weren’t receiving their own votes, the level of government spending, and the fact that it funds the Department of Justice. But that doesn’t mean there weren’t things for Greene to celebrate in the bill. And within a week, she…

By Francesco Canepa and John O’Donnell FRANKFURT (Reuters) – European Central Bank policymaker Martins Kazaks said on Tuesday he was “comfortable” with investor bets on three interest rate cuts by the central bank by the end of the year. Many ECB policymakers have expressed support for a first reduction in borrowing costs from their current record highs, most likely in June, with the debate now focused on how many more cuts would follow. Money markets are pencilling in three cuts by December with some chance of a fourth, which would lower the 4% rate the ECB pays on bank deposits…

In a recent transaction, Christina M. Ryan, a director at German American Bancorp, Inc. (NASDAQ:), purchased shares of the company’s stock, signaling confidence in the bank’s future prospects. The acquisition, which took place on March 15, 2024, involved 52.506 shares at a price of $32.38 each, amounting to a total investment of $1,700. This purchase is part of the company’s dividend reinvestment plan, as indicated in the footnotes of the filing. Following this transaction, Ryan’s total holdings in German American Bancorp have increased to 12,093 shares of common stock. German American Bancorp, headquartered in Jasper, Indiana, operates within the state…

Coca-Cola, often criticized for being one of the world’s top plastic polluters, is making changes to the bottles of its namesake soda as part of a years-long initiative to be more environmentally friendly. Arriving at US retailers this week, all versions of Coca-Cola (i.e. zero sugar, diet, original, etc.) sold in 20-ounce bottles will be made from 100% recycled plastic, marking the newest milestone for the beverage giant on its way to achieving its 2030 goal of making half of its portfolio produced from recycled material. Pollution from single-use plastic remains a major problem, with a recent report finding that…

Mexican Peso weakens in early North American trading as US Dollar gains strength. Mexican data is mixed though the economy finished 2023 on a higher note. Central bank divergence between Fed and Banxico could bolster USD/MXN pair. The Mexican Peso depreciated in early trading during the North American session as the US Dollar climbed some 0.25%, based on the US Dollar Index (DXY). Speculation that the Bank of Mexico (Banxico) would ease policy on Thursday grew, while traders continued to trim odds for the Federal Reserve’s first rate cut. The USD/MXN trades at 16.83, clocking a gain of 0.08%. Mexico’s…

Despite an overall crash in the crypto market with over $230 billion wiped in 24 hours from cryptocurrencies, some assets still hold overbought status on the daily Relative Strength Index (RSI). The Relative Strength Index is a powerful indicator of the current state of the market, acting as a momentum thermometer. Currently, the average daily RSI of all cryptocurrencies dropped to 44.25, on the edge between ‘neutral’ and ‘weak’. This is a significant change from last week’s average above 60 RSI, showing a ‘strong’ market. Finbold retrieved both data from the CoinGlass heatmap. However, some cryptocurrencies have remained in the…

Check out the companies making headlines in midday trading. Nvidia — Nvidia slumped more than 3% after the artificial intelligence chipmaker unveiled its widely anticipated next-generation chips. Several Wall Street firms boosted their price targets on Nvidia in the wake of the event. The company plans to roll out the first iteration of the AI graphics processors known as Blackwell later this year. Competitor Advanced Micro Devices dropped 6.8% following the news. Super Micro Computer — The information technology stock dropped 12% on the back of a filing to sell an additional two million shares through Goldman Sachs. Proceeds of…

In 2021, Liz White was visiting her parents — retirees who spend the winters in Naples, Florida — when an apartment became available in their building and she decided to move in.Each senior living arrangement has its own eligibility requirement, but residents in this retirement community are typically at least 55 years old. All of the residents meet this age requirement except for White.White, a customer success manager at a tech company, paid around $2000 a month in rent for a two-bedroom, two-bathroom apartment for her first year in the building. White’s landlord then put the unit up for sale,…

Sen. Elizabeth Warren wants MOHELA (Missouri Higher Education Loan Authority) to answer for the problems student loan borrowers faced – including inaccurate bills and hourslong hold times on the phone – when the pandemic-related payment pause ended in the fall. In a letter first shared with CNN and sent to MOHELA on Monday, the Democrat from Massachusetts asks CEO Scott Giles to testify before a Senate subcommittee on economic policy, which she chairs, on April 10. MOHELA manages more than 8 million federal student loan accounts and is one of several student loan servicers that the Department of Education contracts…