Author: News Room
The one-time home of a prominent architect in a wealthy suburb of Melbourne, Australia, recently sold for AUD 29.5 million or almost US $20 million. The six-bedroom compound in the town of Toorak had been a retreat where architect and builder Gabor Hubay once lived. Michael Gibson of Private Property Global, the agent who closed the deal, described the property as “a spectacular home with fabulous views and incredible quality throughout, a trophy home.” Hubay, who has designed homes and apartments in Toorak, sold the home at 3 Macquarie Road about a decade ago. Positioned to take advantage of north-facing…
The Biden administation and a class of student loan borrowers filed legal briefs with the United States Supreme Court this week, urging the justices to reject a challenge to a landmark settlement that would provide $6 billion in student loan forgiveness and other debt relief. Here’s what borrowers need to know. Settlement Agreement Provides Billions In Student Loan Forgiveness The challenge stems from a settlement agreement reached between the Biden administration and a class of student loan borrowers to resolve Sweet v. Cardona, a years-long class action lawsuit over disputed Borrower Defense to Repayment claims. The Borrower Defense program allows…
Now that the retail industry has closed the books on fiscal 2022, the outlook as we head into year one of a post-pandemic economy seems clear — Consumers are hedging discretionary spending while eager to get out and see the world. That was the topline takeaway from a recent survey by consulting giant Deloitte. The firm reported last month that about 40% of Americans surveyed for its Global State of the Consumer Tracker “feel financially worse off compared to a year ago … and nearly half still say they’re delaying large purchases.” Meanwhile, Deloitte reported, “The US travel industry recovery…
WASHINGTON/MADRID (Reuters) -European Central Bank policymakers made the case for more rate hikes on Wednesday but offered contrasting views on just how much more tightening is needed, suggesting that the debate over the bank’s next move is not yet settled. The ECB has raised rates at every meeting since July to fight stubbornly high inflation, but stopped offering guidance after turmoil in the banking sector last month upended its outlook just days before its policy meeting. With this financial volatility now seemingly largely settled, policymakers seem overwhelmingly in favour of more policy tightening. But that is where the consensus appears…
By Peter Nurse Investing.com — Oil prices weakened Thursday, with growing fears that the U.S. economy will fall into recession later this year causing traders to bank profits after recent gains. By 08:30 ET (12:30 GMT), futures traded 0.4% lower at $82.97 a barrel, while the contract fell 0.4% to $87.00 a barrel. Both benchmarks had risen 2% on Wednesday to their highest in more than a month as cooling spurred hopes that the U.S. will stop raising interest rates. However, from the Fed’s last policy meeting suggested that the policymakers were concerned that stress in the banking sector would…
© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly (Reuters) – Goldman Sachs Group Inc (NYSE:) on Wednesday announced a slew of changes to leadership in its equity trading division following the retirement of its top equity trader Joe Montesano last month, according to a memo seen by Reuters. Cyril Goddeeris will continue to lead global equity financing, which includes his responsibilities as co-head of global prime services and head of global securities lending and…
The numbers: The number of Americans who applied for unemployment benefits last week rose by 11,000 to 239,000, indicating a small but notable increase in layoffs in a generally strong U.S. labor market. New jobless claims increased from 228,000 in the prior week, the Labor Department said Thursday. The figures are seasonally adjusted. The… Read the full article here
The numbers: Mortgage rates dipped for the fifth week in a row, giving would-be home buyers a boost as the cost of borrowing eases. The 30-year fixed-rate mortgage averaged 6.27% as of April 13, according to data released by Freddie Mac FMCC on Thursday. The 30-year rate was at the lowest level in two months. That’s… Read the full article here
Hundreds of thousands of recipients of the Deferred Action for Childhood Arrivals program will for the first time soon be eligible for affordable health care coverage after President Joe Biden announced a plan Thursday to expand access to Medicaid and the Affordable Care Act insurance marketplace. “We need to give Dreamers the opportunities and support they deserve,” Biden said in a video posted online. “Today, my administration is announcing our plan to expand health coverage for DACA recipients by allowing them to enroll in a plan through the Affordable Care Act or through Medicaid.” The Department of Health and Human…
Investigators are “getting close” to determining who was behind the leak of highly classified US intelligence documents, President Joe Biden said on Thursday, as Washington races to contain the fallout from the release of sensitive information about the war in Ukraine and beyond.“There’s a full-blown investigation going on, as you know, with the intelligence community and the justice department, and they’re getting close,” Biden told reporters in Ireland.More than 100 classified documents were leaked on social media, starting on the messaging platform Discord, and some were also published on Telegram and Twitter last week. They largely focus on the war…
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