Author: News Room

Key takeaways Recessions can be a good opportunity for would-be homeowners to secure some real estate But this isn’t a traditional recession, if we can call it that, and buyers face high interest rates on mortgages and lack of supply A home is a long-term investment, so timing the market isn’t always the best move Recessions: not a lot of fun in general, but there are some investment opportunities off the back of them, one of them usually being property. If it’s the right time for you to consider buying a home, you might be keeping a close eye on…

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina central bank board have been discussing the idea of another potential interest rate hike from the current 78% level, an adviser to the bank said on Wednesday, with analysts anticipating a 200-basis-point raise to contend with annual inflation running at over 100%. The possible hike would be the second in a row after a sharp rise in the benchmark rate last month when rampant inflation forced the bank to tighten monetary policy, dashing earlier hopes of an economy-boosting cut if prices cooled. “The possibility of a new rate rise has been raised,…

By Ashitha Shivaprasad (Reuters) -A U.S. weather forecaster on Thursday predicted a 62% chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore, an El Niño watch has been issued, and the range of possibilities toward the end of the year includes a strong El Niño,” the National Weather Service’s Climate Prediction Center (CPC) said. Neutral conditions would prevail through spring, the CPC added. The El Niño phenomenon…

© Reuters. Ollie’s Bargain Outlet (OLLI) and Five Below to benefit as consumers turn to value – BofA By Sam Boughedda Ollies Bargain Outlet Holdings Inc (NASDAQ:) and Five Below (NASDAQ:) will be key beneficiaries of the trade down, with consumers turning to value as savings dwindle, BofA analysts told investors in a note Wednesday. The analysts raised the firm’s price target on OLLI to $70 from $68 per share and on FIVE to $242 from $220. “U.S. consumers amassed over $2tn of excess savings through the pandemic,” wrote the analysts. “Continued savings drawdown should again provide a lift to…

IMF Managing Director Kristalina Georgieva on Thursday said it was important that the tensions between the U.S. and China not devolve into a second Cold War. At a press briefing at the start of the IMF/World Bank meetings of finance ministers and central bankers. Georgieva called for “cool-headedness” and rational policies to lower tension. Tension… Read the full article here

As Americans complete their income-tax returns ahead of the April 18 filing deadline, they are revisiting the effects of last year’s scorching-hot inflation — even if they don’t realize it. Like so much else in a person’s financial life, inflation seeps into their tax situation. When the tax code attempts to account for rising prices, particular… Read the full article here

The Energy Information Administration on Tuesday raised its U.S. and global oil-price forecasts for this year and next, following a plan by the Organization of the Petroleum Exporting Countries and their allies to reduce production even further this year. The government agency, however, also pointed out that growth in the production of liquid fuels, which include oil and products of petroleum refining, is poised to “shift” away from OPEC-member countries. OPEC+,… Read the full article here

U.S stock indexes turned lower in the final hour of trade Wednesday, reversing earlier gains after minutes from the Federal Reserve’s March policy meeting showed policymakers projected the U.S. economy will fall into a “mild recession” later this year as banking stress continues to rattle financial markets. The Dow Jones Industrial Average shed 47 points, or 0.1%, to 33,633. The S&P 500 lost 0.4%, while the Nasdaq Composite dropped 0.7%. Federal Reserve officials, meeting days after the collapse of Silicon Valley Bank, agreed that the stress in the banking sector would slow U.S. economic growth, but were uncertain… Read the…

The federal appeals court ruling Wednesday night that is keeping medication abortion drugs available is likely to complicate abortion access across the country, even in places where the procedure is legal. Since the Supreme Court overturned of Roe v. Wade last year, abortion pills – and the US Food and Drug Administration’s rules that allowed patients to obtain them without an in-person visit to an abortion provider – have become a crucial tool for mitigating some of the burdens abortion clinics have felt after the Roe reversal sent them a flood of patients from states where abortion is now illegal.…

The Women’s Tennis Association will return to China this autumn despite concluding that it could not confirm the safety of star player Peng Shuai, who alleged in 2021 that a former high-ranking Chinese Communist party official had sexually assaulted her.Peng’s swiftly deleted allegation on social media set off China’s biggest scandal of the #MeToo era. The WTA withdrew its competitions from China and Hong Kong from December 2021, asking for a full, independent investigation into the player’s claims and assurances that Peng is “free, safe, and not subject to censorship”. Peng has rarely been seen in public since, aside from…