Earnings multiples are stretched and interest rates are rising, which is generally bad news for the stock market. New Residential (NYSE: NRZ) is a mortgage REIT that has a number of different businesses, including mortgage origination, mortgage servicing, and mortgage investments. Mortgage REITs have struggled as markets sense the Fed's changing view on interest rate hikes will be a negative for mortgage-backed securities.
PARIS (AP) — French President Emmanuel Macron warned Thursday that Europe could “die” if it fails to build its own robust defense as Russia’s war in Ukraine rages on, or if it fails to undertake major trade and economic reforms to compete with China and the U.S. Macron urged Europeans to become more ambitious in a fast-changing world to face the challenges of war, fierce trade competition, energy scarcity, climate change and increasing authoritarianism. In a nearly two-hour speech at Sorbonne Un
Former coalition partners’ decision brings Scottish first minister to brink of losing vote, which could make his position untenable
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Thermo Fisher Scientific Inc. (NYSE:TMO) Q1 2024 Earnings Call Transcript April 24, 2024 Thermo Fisher Scientific Inc. beats earnings expectations. Reported EPS is $5.67, expectations were $4.7. Operator: Good morning, ladies and gentlemen, and welcome to the Thermo Fisher Scientific 2024 First Quarter Conference Call. My name is Angela, and I’ll be coordinating your call […]
The boss of Europe’s largest indoor concert arena, Co-op Live in Manchester, has resigned during the venue’s opening week just days after saying that some small venues are poorly run.
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Markets (^DJI, ^IXIC, ^GSPC) are moving lower on Thursday, reacting to a weaker-than-expected GDP print for the first quarter. Deutsche Bank Chief US Equity and Global Strategist Binky Chadha joins The Morning Brief to discuss his market and inflation outlooks as stocks come under pressure this session. Chadha argues that "there's very little to take away" from the GDP print, suggesting that it should be analyzed "in components." He highlights that the largest component, the Personal Consumption Expenditures (PCE) Index, grew in line with its ten-year trend, indicating that GDP has "few implications for markets going forward." Chadha notes that the disappointing print stemmed from "the two largest, noisiest components of GDP": inventories and trade bonds, which, upon closer inspection, "look absolutely fine." Addressing inflation concerns, Chadha states: "Yes, of course, it matters for inflation, but the growth we've had has not mattered for inflation." He adds, "If you measure inflation relative to growth... we've been steady for about two years." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
Police allege a 36-year-old man from Tweed, Ont., took a taxi to a rural part of nearby Madoc, stabbed his driver, stabbed a man and a woman inside a home, and fled in a stolen vehicle before being found, arrested and charged.In a news release, Ontario Provincial Police said the attacks happened Wednesday between 11:30 p.m. and midnight.The accused took the taxi to McCann Road in Eldorado, about 50 kilometres north of downtown Belleville, police said.He then allegedly stabbed the 59-year-old dri
The SNP leader dramatically brought the powersharing deal to an end on Thursday morning.
Councillors unanimously refuse permission for 42-storey block of flats on top of former residence and hospital
Regional District of Fraser-Fort George directors approved a local contractor to implement riverbank erosion protection along the Dore River, hired consultants for a community wildfire resilience plan, and approved a $500,000 loan to The Exploration Place museum at their April 18th board meeting. Loan to Museum Society After some contention, the board approved a $500,000 loan to the Fraser-Fort George Museum Society to operate The Exploration Place, a museum in Prince George. The loan is to be r
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The Gateway Pundit, a far-right news site, filed for bankruptcy Wednesday, following litigation by election workers and others who faced harassment after the site made false claims that the 2020 U.S. election was stolen. Gateway Pundit founder Jim Hoft said in a statement that the bankruptcy filing was the result of "progressive liberal lawfare attacks" meant to "silence" his company. Hoft said the Gateway Pundit would continue to publish during its bankruptcy.
Etavion Barnes, an 18-year-old student at James Bowie High School in Arlington, Texas, was shot to death on campus by one of his peers, police say.
Residents of the Regional District of Fraser-Fort George will be left without recycling services for at least a few months as of May 31st. Cascades, the contractor currently providing recycling services for the District, will no longer provide recycling bins for transfer stations after this date. “We recognize the situation is not ideal, so we are working with Recycle BC to minimize the disruption for residents,” said Manager of External Relations Renee McCloskey. “If people have the ability to
Masco Corporation (NYSE:MAS) Q1 2024 Earnings Call Transcript April 24, 2024 Masco Corporation beats earnings expectations. Reported EPS is $0.93, expectations were $0.87. MAS isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning ladies and gentlemen. Welcome to Masco […]
European parliament term ends as lawmakers warn of nationalists and authoritarian dangers
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Other lives: Composer and musical director for acclaimed theatre productions
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