A 3% Mortgage Rate in a 7% World? This Startup Says It Can Do That
Loan assumptions, which let a home buyer essentially take over a seller’s mortgage, are hard to find and hard to pull off.Read More
Saudi Oil Cuts Set to Keep Gasoline Prices Higher
The International Energy Agency expects a significant supply shortfall for the rest of this year and says low inventories could lead to market volatility.Read More
Hedge Funds’ Big Bet Against Treasurys Isn’t What You Think
Inflation, bond issuance and Fed tightening are spurring a Treasury derivative bonanza.Read More
Binance.US CEO Leaves Embattled Crypto Exchange
Brian Shroder, who took the helm of Binance.US in 2021, will be replaced on an interim basis by the company’s chief legal officer.Read More
Birkenstock Files for IPO
L Catterton is among the shoemaker’s backers. Birkenstock didn’t say how many shares it would list or give an anticipated price range.Read More
SEC Sues Market-Maker Virtu, Alleging Leakage of Customer Information
Regulator says Virtu misled customers about the walls between prop trading and order-execution roles.Read More
Tech Stocks Pull Market Lower
Technology stocks pulled the S&P 500 lower after a disappointing forecast from Oracle damped enthusiasm for the sector.Read More
Unions Are Having a Moment. Investors Should Take Heed.
A possible UAW strike shows organized labor’s growing clout, and could lead to higher inflation.Read More
Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits
Brokered deposits, an obscure but costly banking industry product, jumped in the second quarter.Read More
Beijing Throws China’s Housing Market a Bone
The policy paralysis of the past half year has given way to stronger signals that Beijing wants to support the market. But it still seems to want a floor rather than a strong rebound per se.Read More
