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☆ Premarket stocks: Why it’s not all doom and gloom for commercial real estate
▼ + stars: | 2024-03-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. I take that as a signal of a potential turn in the CMBS market in terms of the market sentiment. It’s not just all gloom and doom in the CRE market. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November.

Persons: Tracy Chen, Chen, that’s, Bell, Banks aren’t, CMBS, We’ve, they’ve, —, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, Eva Rothenberg, Brent, Goldman Sachs Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, Brandywine, Intercontinental Exchange and Bank of America, outperformance, Fed, New York Community Bank, York Community Bank, Federal, Apollo Global Management, Richmond Federal, CNBC, OPEC, AAA Locations: New York, Japan, Switzerland, Germany, New, New York City, Richmond, OPEC, Saudi Arabia, Russia, Iraq, United States

☆ Premarket stocks: Wall Street is worried about another regional banking crisis
▼ + stars: | 2024-02-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. What’s happening: After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. The increase was driven partly by expected losses on commercial real estate loans, it said. “As losses from a [commercial real estate] loan portfolio accumulate, they can spill over into the broader financial system,” they wrote. “There’s some smaller and regional banks that have concentrated exposures in these areas that are challenged and we’re working with them,” he said.

Persons: It’s, Goldman Sachs, Anna Cooban, Janet Yellen, Jerome Powell, Gary Gensler, ”, Chip Somodevilla, She’s, Powell, “, ” McDonald’s, McDonald’s, Jordan Valinsky, Samantha Murphy Kelly, “ We’ve Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, US Regional Bank, Japan’s Aozora Bank, Deutsche Bank, Canadian Public Pension Investment Board, Boston Properties, US Securities and Exchange, Financial, Biden, Senate, CBS, Verizon, Old Telephone Service, landlines, UK, Consumers, CNN, California Public Utilities Commission Locations: New York, Manhattan, Boston, Washington ,, East, United States, California, France, California ”

☆ China's deflation could spill over into a global concern, economists say
▼ + stars: | 2023-08-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

SHENZHEN, CHINA - MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. "As a result, Chinese economic weakness and falling prices (especially Chinese producer prices) are likely to spill over into global markets — near-term good news for the Western central banks' fight against elevated inflation." "China's disappointing rebound is now feeding negatively into global sentiment and growth. Beyond the trade-related spillovers, a common global disinflationary pressure comes from commodity prices, where as a huge importer of commodities, Chinese domestic demand remains a key factor. "Weak Chinese domestic investment and broad-based excess capacity in manufacturing, as well as weak sales of new homes and land, are likely to continue to depress global commodity demand," Wilding and Liao said.

Persons: Zhong Zhi, Tiffany Wilding, Wilding, Carol Liao, Montgomery Koning, Liao, TS Lombard's Montgomery Koning Organizations: Getty, National Bureau, Statistics, Evergrande, TS Lombard, Lombard, U.S, Census, TS Lombard's Locations: SHENZHEN, CHINA, Shenzhen, China, U.S, Beijing, West, Germany

☆ These are the 5 most pressing questions about the bullish 'resilience' thesis of the stock market and the economy
▼ + stars: | 2023-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Much of the bullish optimism towards a soft-landing scenario in the economy hinges on this continued resilience. These are the five most pressing questions investors should be asking about the sustainability of such resilience. But as sentiment towards the economy shifts from bearish to bullish and a potential soft-landing-no-recession scenario, there are lingering questions as to whether the resilience of the all-important consumer can continue. Bank of America's Savita Subramanian highlighted in a Friday note the five most pressing questions investors should be asking about such resilience and its ultimate impact on the stock market and economy. Can consumer resilience last with rates this high?

Persons: America's Savita Subramanian, Jobs, Subramanian, Russell Organizations: Service, Bank, America's, Bank of America Locations: Wall, Silicon, bearish, Silicon Valley, Tech

☆ China has a reputation for exporting shoddy weapons, but its sales may get a boost from Russia's blunders in Ukraine
▼ + stars: | 2023-07-11 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

If Russia's arms exports falter because of the war in Ukraine, China's appeal may only grow. Despite the drawbacks, Chinese arms exports may get a boost from the war in Ukraine. Mazhar ABID/Gamma-Rapho via Getty ImagesQuality concerns could be one reason for a pre-Ukraine decline in Chinese arms sales. On the other hand, SIPRI also found that German and British arms sales declined 35% and Israeli sales fell 15% during the same period. "As Russia's weapons availability may change as the war continues, China is prepared for when that time arrives."

Persons: Cindy Zheng, AAMIR QURESHI, Zheng, —, Mazhar ABID, SIPRI, NOEL CELIS Organizations: Service, RAND Corporation, Kamra, Getty, Nigerian Air Force, Pakistan —, Stockholm International Peace Research Institute, Germany's Puma, Getty Images Arms Locations: China, Beijing, Ukraine, Wall, Silicon, Islamabad, Africa, South Asia, Nigeria, Soviet, Myanmar, Bangladesh, Pakistan, Aslat, Karachi, Stockholm, Russia, AFP, Venezuela, Iran

☆ First Republic Bank Shows That the Banking Crisis Might Not Be Over Yet - The New York Times
▼ + stars: | 2023-05-01 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

The problem now, as I wrote in early March when Silicon Valley Bank was taken over by regulators, is that the math has gone bad for them. They’re losing their cheap funding and they’re still stuck with low-yielding investments that they acquired when interest rates were historically low. Market forces have already brought down Silicon Valley Bank, Signature Bank and First Republic Bank, the slowest antelopes in the herd. In terms of assets, not adjusted for inflation, those are three of the four biggest bank failures in U.S. history. The SPDR S&P Regional Bank exchange-traded fund, which tracks the stocks of the regional banks, has fallen 28 percent since the start of the year.

☆ Premarket stocks: Is Big Oil running out of gas?
▼ + stars: | 2023-04-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Oil and gas stocks have been on a two-year tear, ripping ahead as natural gas prices surged due to supply chain kinks, a strong economy, and Russia’s invasion of Ukraine. What’s happening: Brutally high oil and gas prices were the talk of the town last year and one of the largest contributing factors to sky-high inflation. That’s bad news for automobile drivers, but ended up being great for the energy industry as oil prices and energy stocks are closely interlinked. Blackstone is feeling the commercial real estate slumpThe ongoing commercial real estate slowdown has a new victim: Blackstone. Profits from the sale of commercial real estate assets fell 54% to $4.4 billion, down from $9.5 billion last year.

☆ Premarket stocks: What markets are watching after digesting the US jobs data
▼ + stars: | 2023-04-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

While inflation has come down and other economic data point to a cooling economy, the labor market has remained remarkably resilient. The labor market is cooling but not rapidly or significantly, and further rate hikes can’t be ruled out. More trouble for commercial real estateA few weeks ago, Before the Bell wrote about big problems brewing in the $20 trillion commercial real estate industry. In a worst-case scenario, anxiety about bank lending to commercial real estate could spiral, prompting customers to yank their deposits. The proportion of commercial office mortgages where borrowers are behind with payments is rising, according to Trepp, which provides data on commercial real estate.

☆ Premarket stocks: Commercial real estate is in trouble. Why you should be paying attention
▼ + stars: | 2023-03-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. Before the Bell spoke with Xander Snyder, senior commercial real estate economist at First American, to find out. Before the Bell: Why should retail investors pay attention to what’s going on in commercial real estate right now? So the health of the market has an impact on the larger economy, even if you’re not interested in commercial real estate for commercial real estate’s sake.

☆ Billionaire investor Ray Dalio says the Silicon Valley Bank failure marks a 'canary in the coal mine' that will have repercussions beyond the VC world
▼ + stars: | 2023-03-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Ray Dalio said the Silicon Valley Bank failure is a "canary in the coal mine" for what's to come. Dalio wrote Tuesday that this is part of the classic "bubble-bursting part" of the short-term debt cycle. Regulators shut down Silicon Valley Bank on Friday, with Signature Bank closed down two days later. Given that the Fed has hiked interest rates more than 1,700% over the last year—and could continue to do s0—more dominoes are poised to fall, in Dalio's view. "Pandemic-related fiscal stimulus along with more than a decade of ultralow interest rates and quantitative easing resulted in significant excess deposit creation in the US banking sector," Moody's strategists said.

☆ Fintech firms may struggle to find investor love in rebounding U.S. IPO market
▼ + stars: | 2023-03-08 | by ( Manya Saini | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationMarch 8 (Reuters) - The once high-flying fintech startups looking to go public will have a hard time attracting investor attention, even though a freeze that has gripped the market for new listings is starting to thaw. "I don't think it would surprise anyone if they all sat out the 2023 IPO market," Kennedy added. In the IPO boom of 2021, 20 fintech companies raised a combined $10.93 billion, vastly overshadowing the $144 million that was raised by a lone offering in the following year, according to data from Dealogic. "The IPO market is not closed, but it's certainly more valuation and profitability focused," said David Ethridge, U.S. co-IPO leader at global consulting giant PwC. Reuters GraphicsLACKLUSTRE LISTINGSListed fintech companies have failed to largely live up to their shareholders' expectations as they have steadily booked losses, leading to a string of routs in their shares.

For many economists, globalization appears to have stalled after three decades of low inflation, easy credit, China's integration into the world economy and a relatively peaceful period. As a share of global GDP, trade likely increased from the previous year's 57% and exports as per World Bank data. It is not really evident in the data," Nicita says, estimating that global trade grew by about 3% last year, at a pace similar to the global economy. "Trade and globalization are not on the wane, but they are changing," she told the Chatham House Global Trade Policy Forum in November, citing growth in service- and digital-based trade. UNIPOLAR V MULTIPOLARThis 'regionalization' will continue assuming Beijing's economic, trade and financial ties to the U.S. gradually loosen.

☆ Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle
▼ + stars: | 2023-01-31 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

"He's going to do that by still saying the Fed's going to stay tight for a while. The Fed's rate hike Wednesday would be the eighth since last March. That is just a half percentage point away from the Fed's estimated end point, or terminal rate range of 5% to 5.25%. In the futures market, fed funds futures continued to price a terminal rate of less than 5%. "I think he's going to be hawkish relative to market pricing," said Jim Caron, head of macro strategies for global fixed income at Morgan Stanley Investment Management.

☆ Rising Interest Rates Threaten to Expose Office Buildings’ Inflated Values
▼ + stars: | 2022-10-31 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

In 2015, Blackstone Inc. bought a 50% stake in this Manhattan office tower at 1330 Avenue of the Americas in a deal valuing the building at $507 million. Cheap debt fueled a decadelong boom in U.S. office values, offsetting the impact of years of rent increases that didn’t keep pace with inflation. Now that the long period of easy credit is over, office-building owners are bracing to see how much less their properties are actually worth.

☆ UK CFOs say credit is expensive, hit by "mini-budget," Deloitte survey says
▼ + stars: | 2022-10-16 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

The quarterly Deloitte UK CFO Survey found 56% of chief financial officers at top companies thought credit was costly, the most since 2010. "A 12-year period of easy credit conditions is drawing to an end," Ian Stewart, chief economist at Deloitte, said. Register now for FREE unlimited access to Reuters.com RegisterCFOs who responded after Sept. 23's mini-budget were more likely to report high credit costs than those who responded before, Deloitte said. The Deloitte survey found CFOs on average saw a 78% chance that Britain would fall into recession in the next 12 months, and had tilted towards defensive strategies which prioritised cost reduction and cash control. The survey of 87 CFOs, including 23 from FTSE 100 companies and 30 from FTSE 250 firms, took place between Sept. 20 and Oct. 3.

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China's 'zero-COVID' policy – including stringent lockdowns, travel restrictions and mass testing - has taken a heavy toll on the country's economy. The government's crackdown on big technology companies has also had an outsized effect on the young workforce. Chinese households overall added 10.8 trillion yuan ($1.54 trillion) in new bank savings in the first eight months of the year, up from 6.4 trillion yuan in the same period last year. China is the only leading economy that cut interest rates this year, in an effort to spur growth. Fu said she switched her makeup powder brand from Givenchy to a Chinese brand called Florasis, which is about 60% cheaper.

☆ “Таких, как они, больше не делают”: Easy Credit обращает внимание на старшее поколение (Видео)
▼ + stars: | 2021-06-30 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Стильный ролик лаконично напоминает о том, как интересно жило то поколение, об их уникальном опыте, и что таких, как они, больше не будет. Особенно важно уделять внимание пожилым людям теперь, когда их здоровье ещё более уязвимо из-за пандемии коронавируса. «Ролик “Таких больше не делают” является частью больших перемен внутри нашей компании. Потому мы решили напомнить, как же важно говорить с ними, уделять им внимание, любить и уважать. Так вы сделаете их счастливее и обязательно узнаете что-то новое о себе!» — директор компании Easy Credit Виктор Гамарц.

Persons: Виктор Гамарц

☆ (video) Ei sunt „Ultimii de așa fel”. Descoperă povestea oamenilor în ediție limitată
▼ + stars: | 2021-06-30 | by ( Onixmedia Srl | ) diez.md time to read: +4 min

Cine sunt „Ultimii de așa fel”? „Spotul „Ultimii de așa fel” reprezintă o parte din marile schimbări din interiorul companiei noastre. Recunoaștem că demult ne-am dorit să inițiem un dialog cu clienții noștri și locuitorii Moldovei, în general. Prin această campanie, ne dorim să transmitem un mesaj simplu, dar important: părinții și bunicii noștri sunt oameni interesanți! Nu uitați că povestea lor e și parte din povestea noastră.

Persons: Victor, străbunicii, Ei Organizations: Credit, TV, Easy Credit Locations: Moldovei

☆ Кредитная история. Как жители Молдовы попадают в долговую яму, и зарабатывают ли на этом микрофинансовые организации
▼ + stars: | 2021-05-25 | by ( ) newsmaker.md time to read: +16 min

За первые три месяца 2021 года кредитный портфель небанковских организаций вырос на 217 млн леев. Племянник изучил возможности покупки авто в Молдове и решил, что лучший для него вариант — автокредит в компании Mogo. Позиция компанийMogoДиректор небанковской организации Mogo Вячеслав Лукьяненко рассказал NM, что «кредит Сергея Фрунзэ был полностью погашен, согласно кредитному договору». Отметим, доля неблагоприятны кредитов на рынке небанковских организаций в среднем составляет 13,6%, а в некоторых компаниях доходит до 20%. Он добавил, что высокие ставки у небанковских организаций объясняются тем, что они страхуют тем самым свои высокие риски, поскольку не занимаются такой тщательной проверкой заемщика, как банки.

Persons: — Mogo, DAE —, Mogo, IDIS Viitorul, DAE, Сергей Фрунзе, Сергей, Племянник, Василе Костюк, Михай Палади, Палади, Михай, смогПалади, Георгий Палади, Даниелы Г., Даниела, Даниелой, Вячеслав Лукьяненко, Сергей Фрунзэ, Фрунзэ, Лукьяненко, Павел Вех, Павел Веха, Лилиан Гузун, Гузун, Александр Слусарь, Слусарь, Вех, Веха, Вячеслав Ионицэ, Ионицэ Organizations: BMW, Facebook, Easy, Демократия дома, Страшенский суд, Кишиневский суд, Апелляционная палата, компанийДиректор, СЕО, Достоинство и правда» (), Агентство по защите прав потребителя Locations: —, Microinvest, — ., Mogo, Оргеев, Франция, Молдова, Кишинев, судаК, ЕС

☆ Небанковский кредитный рынок: прибыль уменьшилась вдвое
▼ + stars: | 2021-04-26 | by ( Super User | ) mybusiness.md time to read: +3 min

В 2020 году небанковские кредитные организации (OCN), уполномоченные и регулируемые Национальной комиссией по финансовому рынку (CNPF), зарегистрировали прибыль в размере около 482 млн леев, что в два раза меньше, чем в 2019 году (998,6 млн леев). леев, которая уменьшилась примерно на 23 млн леев по сравнению с 2019 годом. Зато третий игрок на рынке, компания Iute Credit SRL (принадлежит AS IuteCredit Europe из Эстонии), сообщила о крупнейшем убытке на этом рынке - 15,6 млн леев. Это после того, как в 2019 году она зарегистрировал прибыль в размере 97,9 млн леев. В 2020 году Victoria Leasing & Finance SRL сообщила о прибыли в размере 18,6 млн леев, что вдвое больше, чем в 2019 году.

Persons: Finance SRL, Айгарс Кесенфельдс, Надежда Андронаки, Владимир Андроначи, Владимир Плахотнюк Organizations: mybusiness.md, Temporis, BFSE, AS IuteCredit, AS Funderly, BT Leasing SRL, Banca Transilvania, Victoria Leasing, Finance, Leasing, Национальная комиссия по финансовому рынку (), Фонд СоросаМолдова, Реестр, НКФР Locations: AS IuteCredit Europe, Banca, OCN, Кипр, Молдова, Нидерландов, Эстония, Восточная Европа

☆ Небанковское финансирование в 2020 г.
▼ + stars: | 2021-04-15 | by ( Super User | ) mybusiness.md time to read: +3 min

(7,86 млрд леев). ),«Easy Credit» – 884,94 млн леев (-5,7%),«Iute Credit» – 743,34 млн леев(-10,4%),«Sebo Credit» – 468,88 млн леев(-2,3%),«Express Leasing & Microcredit» – 376, 19 млнлеев (-22,2%). При этом четыре из пяти лидеров, помимо финансового лизинга, предоставляли и небанковские кредиты (всего примерно на 89 млн леев), информирует monitorul.fisc.md. Общий объем активов НКО Молдовы в 2020 г. сократился на 1,9% в сравнении с 2019 г. и составил 10,56 млрд леев. В 2020 г. чистая прибыль НКО сократилась более чем вдвое по сравнению с предыдущим годом и составила 481,94 млн леев.

Organizations: Express Leasing, BT, Finance, Victoria Leasing, Национальная комиссия по финансовому рынку, НКО Locations: monitorul.fisc.md, Молдова

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