Latest Finance-Economy News
US Dollar Index Remains Strong Amid Tariff Chaos and US-Iran Negotiations
The US Dollar Index softened in Asia-Pacific but rose toward 98 in US trading, closing nearly flat amid tariff uncertainties and advancing US-Iran talks. The 10-year US Treasury yield ended at 4.056%, while the 2-year yield closed at 3.475%.
Markets eye Middle East developments and tariff policies.
US 30-Year Mortgage Rates Fall Below 6% for First Time Since 2022
US 30-year mortgage rates dropped below 6%, marking the first time since 2022, potentially easing homebuying costs. This decline aligns with softening Treasury yields amid Fed rate cut discussions.
Fed's Goolsbee noted rates could lower but urged caution until inflation eases.
Iran-US Indirect Talks Show Good Progress, Technical Round Set for March 2
Iran’s Foreign Minister reported good progress in indirect talks with the US, nearing consensus in some areas despite remaining differences. The talks concluded with technical negotiations scheduled for March 2.
This weighed on oil prices as progress reduces supply disruption fears.
UK Mortgage Firm MFS Declares Bankruptcy, Impacts Wall Street Banks
UK mortgage company MFS filed for bankruptcy, affecting Wall Street banks like Barclays. The collapse highlights vulnerabilities in the mortgage sector amid global rate pressures.
Investors monitor ripple effects on banking stability.
US Faces Rare Earth Shortages in Aerospace and Chip Industries
Sources indicate growing shortages of rare earth elements critical for US aerospace and semiconductor sectors. Supply constraints threaten manufacturing and tech supply chains.
This exacerbates tensions in global critical minerals trade.
India Relaxes Investment Rules for Active Equity Funds to Include Gold and Silver
India eased restrictions on active equity funds, permitting greater allocation to gold and silver investments. This aims to diversify portfolios amid volatile markets.
The policy change could boost precious metals demand from Indian investors.
Michael Emory Resigns as Executive Chair of Allied Properties REIT
Allied Properties REIT's founder Michael Emory resigned as executive chair effective May 2, following non-renewal of his contract. The move supports debt reduction and balance sheet improvements.
Cecilia Williams continues as president and CEO.
Connor Teskey Appointed CEO of Brookfield Asset Management
Connor Teskey succeeds Bruce Flatt as CEO of Brookfield Asset Management, who remains board chair and Brookfield Corporation CEO. Teskey, with Brookfield since 2012, previously led renewable power and transition efforts.
This leadership shift bolsters alternative investments strategy.
Pre-Market Earnings Reports Due February 27: GSAT Shows Strong Growth Outlook
Globalstar (GSAT) expects 107.14% EPS growth year-over-year, with 2025 P/E ratio of 2134 vs. industry 265.20. The company has outperformed expectations recently.
Investors watch for confirmation of earnings momentum.
BTSG and AMRX Set for Earnings with Mixed Track Records
BTSG beat estimates every quarter last year, boasting 2025 P/E of 41.84 vs. industry -1.00. AMRX missed Q4 2024 consensus by -23.08%, with rising short interest.
Delek Logistics (DKL) also reports, with P/E 14.20 vs. industry 4.70.
Fed's Goolsbee Advocates Cautious Approach to Rate Cuts
Chicago Fed President Austan Goolsbee, optimistic on cuts, warned against premature action before inflation fully eases. His stance reflects divided FOMC views on monetary policy.
Markets price in potential easing amid cooling inflation data.
MCAN Financial Group Announces Key Leadership Appointments
MCAN Financial bolstered its team with Becky Lee as VP of Investments, enhancing finance and risk capabilities. These changes aim to strengthen investment and people strategies.
The firm focuses on commercial real estate and institutional finance.