Learning archive

EXp Realty CEO expects US home sales will rise modestly this year and a more buyer-friendly market
  • March 5, 2025

EXp Realty CEO expects US home sales will rise modestly this year and a more buyer-friendly market

Elevated mortgage rates and rising home prices are freezing out many would-be buyers, keeping the U.S. housing market in a sales slump dating back to 2022. While home sales are off to a soft start this year, it hasn’t been all bad news for home shoppers. Leo Pareja, CEO of real estate brokerage eXp Realty, recently spoke to The Associated Press about his expectations for the housing market, the trajectory of mortgage rates and how home shoppers in places like Florida, Texas and other states where home listings have risen sharply are likely to have more leverage when it comes time to negotiate with sellers.

Read More
NY Fed's Perli says market liquidity levels remain abundant
  • March 5, 2025

NY Fed's Perli says market liquidity levels remain abundant

A Federal Reserve Bank of New York official who manages the implementation of monetary policy indicated Wednesday the central bank has room to further shrink its balance sheet, while noting government financial management issues will create challenges for the process over the short run. Market indicators “are telling us that reserve conditions are currently abundant, as they have been for quite some time,” said Roberto Perli, who manages the Fed’s System Open Market Account, its portfolio of bonds, cash and other assets, which currently stand at $6.8 trillion. Perli’s comments suggest that all else being equal, there’s no imminent need to end the contraction of Fed holdings known as quantitative tightening, or QT.

Read More
Berkshire Wannabes, Tariffs and AI Top Talk of Wall Street Pros
  • March 5, 2025

Berkshire Wannabes, Tariffs and AI Top Talk of Wall Street Pros

(Bloomberg) -- The newest trend in alternative investing is trying to look like Warren Buffett’s conglomerate, Berkshire Hathaway Inc.Most Read from BloombergRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Trump Administration Plans to Eliminate Dozens of Housing OfficesHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who Embraced the CityThe chief executive officers of KKR & Co., Brookfi

Read More
Apple’s Use of SiTime in iPhone 16e Fuels Stock Rally for Chipmaker
  • March 5, 2025

Apple’s Use of SiTime in iPhone 16e Fuels Stock Rally for Chipmaker

(Bloomberg) -- The appearance of SiTime Corp. components in the new iPhone 16e is fueling a stock rally for the little-known chipmaker, sending the shares up 20% on Wednesday.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who Embraced the CityA device

Read More
Victoria's Secret (NYSE:VSCO) Exceeds Q4 Expectations But Stock Drops
  • March 5, 2025

Victoria's Secret (NYSE:VSCO) Exceeds Q4 Expectations But Stock Drops

Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) announced better-than-expected revenue in Q4 CY2024, with sales up 1.1% year on year to $2.11 billion. On the other hand, next quarter’s revenue guidance of $1.32 billion was less impressive, coming in 5.3% below analysts’ estimates. Its non-GAAP profit of $2.60 per share was 13.2% above analysts’ consensus estimates.

Read More
Allient’s (NASDAQ:ALNT) Q4: Beats On Revenue
  • March 5, 2025

Allient’s (NASDAQ:ALNT) Q4: Beats On Revenue

Precision motion systems specialist Allient (NASDAQ:ALNT) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 13.5% year on year to $122 million. Its GAAP profit of $0.18 per share was significantly above analysts’ consensus estimates.

Read More