Key Points Delinquencies in commercial mortgage-backed securities rose again in January, up 17 basis points from December to 7.47%, according to Trepp. The increase was driven by the beleaguered office sector, which has a lot of distressed properties to work through but is seeing improvements in fundamentals. The rate increase was driven by two exceptionally…
U.K. stocks have been on a tear this year, outperforming their European counterparts and even rivaling their U.S. peers. The FTSE 100 index is up over 14.4% so far over the year-to-date, compared to the pan-European Stoxx 600′ s 9.96% and the S & P 500 ‘s 13.7%. It’s a welcome uplift for a market…
Nisian Hughes | Getty Images Uber announced a new feature Wednesday that pairs women drivers and riders, in its latest move to address safety on the ride-hailing platform. The new tool, which the platform will begin piloting next month in the U.S., allows women passengers to match with women drivers when booking or pre-booking rides,…
It’s one of the most important questions surrounding the Federal Reserve in 2026, and Fed Chair Jerome Powell has been pointedly mum. “I’m focused on my remaining time as chair,” Powell said at the December press conference. “I haven’t got anything new on that to tell you.” The question: whether Powell will remain on the…
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Gold has regained some of its luster over the past week in the midst of a softening stock market outlook. On Thursday alone, the precious metal jumped to a more than two-week high . Spot gold rose 0.5% to more than $3,385 an ounce. U.S. gold futures gained 0.3% to about $3,445. Gold is the…
A resilient macroeconomic backdrop should help Visa ‘s stock continue to be a winner, according to EP Wealth Advisors director of portfolio strategy Adam Phillips. He joined CNBC’s “Power Check” on Thursday to discuss the credit card behemoth and another pick he’s bullish about for its defensive qualities. Visa Phillips said he has been a…
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company’s IPO, in New York City, U.S., June 5, 2025. NYSE For over three years, venture capital firms…
The Trump administration’s head of the Justice Department’s antitrust division said Thursday she is stepping down less than a year after being appointed by President Donald Trump. Gail Slater was confirmed in March to head the division, which enforces laws against illegal monopolies and anticompetitive business behavior. She said on X it was “with great sadness and…
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office, but only briefly addresses the central…
