US Homebuilder Confidence Declines for First Time in Six Months
US homebuilder sentiment declined in May for the first time in six months as mortgage rates above 7% kept buyers on the sidelines and weighed on expectations.
US homebuilder sentiment declined in May for the first time in six months as mortgage rates above 7% kept buyers on the sidelines and weighed on expectations.
Shares in Nu Holdings Ltd., the parent of Brazil-based digital bank Nubank, rallied Wednesday after the Brazilian fintech reported record revenue in the first quarter while acknowledging that its growth is coming with a higher delinquency rate.
KKR & Co. is poised to offer a package of commitments aimed at winning an early European Union approval for its €22 billion ($23.8 billion) bid for Telecom Italia SpA’s land-line network.
MicroStrategy Inc., a company best-known for accumulating a roughly $13 billion hoard of Bitcoin, will be included in a key global equity index following a rally in the firm’s shares that outpaced the digital asset.
The yen jumped more than 1% against the dollar after a reading of US consumer price growth showed softening inflation pressures.
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