DIRS.INFO The most relevant business & tech news

☆ Expect three rate cuts this year, says Nationwide's Kathy Bostjancic
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect three rate cuts this year, says Nationwide's Kathy BostjancicKathy Bostjancic, Nationwide Mutual chief economist, joins 'The Exchange' to discuss what recent inflation data could mean for future rate decisions, challenges in battling U.S. inflation, and more.

Persons: Kathy Bostjancic Kathy Bostjancic Organizations: Nationwide Mutual

☆ Stock futures inch up as all eyes are on key inflation reading: Live updates
▼ + stars: | 2024-03-11 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly in overnight trading Monday as investors await a key inflation report that could inform the path of the Federal Reserve's monetary policy. S&P 500 futures and Nasdaq 100 futures both inched up 0.2%. All eyes are on the February reading of the consumer price index, which is set to be released on Tuesday at 8:30 a.m. "The CPI index likely ran hot in February on higher gasoline prices, but core inflation likely slowed further as car prices fell and rent increases moderated," said Bill Adams, chief economist at Comerica Bank. The technology-led market rally has lost momentum as of late as some of the biggest winners this year continued to retreat.

Persons: Dow Jones, Bill Adams, Tesla, Mark Hackett, Nationwide's Organizations: New York Stock Exchange, Federal, Dow Jones Industrial, Nasdaq, Dow, CPI, Fed, Comerica Bank, Nvidia, Apple, Microsoft

☆ Markets pricing in interest rate cuts for March is premature, says Nationwide's Kathy Bostjancic
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets pricing in interest rate cuts for March is premature, says Nationwide's Kathy BostjancicKathy Bostjancic, Nationwide chief economist, and CNBC’s Steve Liesman join 'The Exchange' to discuss the interest rate outlook for 2024, the state of the labor market, and more.

Persons: Kathy Bostjancic Kathy Bostjancic, Steve Liesman Organizations: Nationwide

☆ Nearly half of investors believe 2024 elections will have bigger impact on their portfolios than market performance, survey finds
▼ + stars: | 2023-11-13 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Now, there's another risk on the horizon that may stoke their worries — the 2024 elections. Almost half of investors — 45% — surveyed by Nationwide Retirement Institute believe next year's presidential and congressional contests will have a greater impact on their retirement plans and portfolios than market performance. More than two-thirds — 68% — of Republican investors believe the election outcome will have a direct and lasting impact on the stock market, versus more than half — 57% — of Democratic investors. Older investors are most fearful because of the lasting impact a recession may have on their retirement. What moves experts recommend Financial advisors also believe the election may have consequences for the markets, Nationwide's survey found.

Persons: stoke, Eric Henderson, that's, Henderson, Preston Cherry, Donald Trump, Ron DeSantis, Chris Christie, — Organizations: Istock, Nationwide Retirement Institute, Finance, Nationwide, Social Security, Social, Financial, Republican, New Locations: Florida, New Jersey

☆ UK house prices show surprise rise in October - Nationwide
▼ + stars: | 2023-11-01 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

Prices increased by 0.9% from September when they had risen by a marginal 0.1%, Nationwide said. It was the biggest monthly increase since August 2022. Economists polled by Reuters had expected prices to fall by a monthly 0.4% and by 4.8% year on year. "The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained," Nationwide Chief Economist Robert Gardner said. "While some buyers are able to accept higher mortgage payments, helping to prop up house prices, their number is dwindling as shown by the drop in mortgage approvals in September," Pattison said.

Persons: Robert Gardner, BoE, Gardner, Imogen Pattison, Pattison, William Schomberg, Jason Neely Organizations: Nationwide, Reuters, Royal Institution, Chartered Surveyors, Bank of England's, Capital Economics, Thomson

☆ Core service numbers show inflation is still relatively elevated, says Nationwide's Kathy Bostjancic
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCore service numbers show inflation is still relatively elevated, says Nationwide's Kathy BostjancicKathy Bostjancic, chief economist at Nationwide Mutual, and CNBC's Steve Liesman join 'The Exchange' to discuss inflation remaining high despite high yield helping support the Fed's efforts, the market staying hesitant about pricing in a December rate hike, and bond auction enthusiasm reflecting investor concern about the economy.

Persons: Kathy Bostjancic Kathy Bostjancic, Steve Liesman Organizations: Nationwide Mutual

☆ Watch CNBC's full interview with Nationwide's Kathy Bostjancic
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Nationwide's Kathy BostjancicKathy Bostjancic, chief economist at Nationwide Mutual, and CNBC's Steve Liesman join 'The Exchange' to discuss inflation remaining high despite high yield helping support the Fed's efforts, the market staying hesitant about pricing in a December rate hike, and bond auction enthusiasm reflecting investor concern about the economy.

Persons: Nationwide's Kathy Bostjancic Kathy Bostjancic, Steve Liesman Organizations: Nationwide Mutual

☆ UK house prices fall by 5.3% in 12 months to September - Nationwide
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 2 (Reuters) - British house prices in September were 5.3% lower than a year earlier, matching their fall in August which was the biggest annual drop since 2009, figures from mortgage lender Nationwide showed on Monday. In month-on-month terms, prices were unchanged in September after a 0.8% fall in August, Nationwide said. Britain's housing market has slowed as borrowing costs mount, but the fall in house prices so far remains much less marked than their jump of about 25% between the start of the coronavirus pandemic and September last year. The combination of rising wages and lower house prices and mortgage rates would probably improve affordability in the housing market over time although it was set to remain subdued in the interim, he said. Transaction volumes for flats were holding up better than other property types, possibly reflecting how prices for smaller homes did not rise as much during the pandemic, Nationwide said.

Persons: Robert Gardner, William Schomberg, Louise Heavens, Kirsten Donovan Organizations: Nationwide, Bank of England, Thomson

What they likely won't be changing: Keeping one more rate hike on the table. Given that rosier picture, Luzzetti - like most analysts polled by Reuters - says Fed policymakers probably won't lift the policy rate any further. Many other economists also expect Fed policymakers to signal fewer rate cuts next year. That's only a touch higher than the 3.2% rate the Fed had expected to see at the end of this year. Reuters GraphicsIf progress towards the Fed's 2% goal slows next year though, as many economists forecast, that may mean fewer interest rate cuts next year.

Persons: Sarah Silbiger, won't, Matthew Luzzetti, Luzzetti, Tim Duy, Duy, That's, Loretta Mester, Kathy Bostjancic, Ann Saphir, Dan Burns, Andrea Ricci Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Federal Reserve, Deutsche Bank, Reuters, Reuters Graphics Reuters, U.S, Fed, Cleveland Fed, Thomson Locations: Washington ,, U.S, China

☆ UK house prices fall by most since 2009, Nationwide says
▼ + stars: | 2023-09-01 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Prices dropped by 0.8% in August alone, the largest monthly fall since March, after a 0.3% decline in July, Nationwide's figures showed. The Bank of England has raised interest rates 14 times since December 2021 to 5.25%, and financial markets expect another rate increase this month to 5.5%. However Andrew Wishart, senior property economist at Capital Economics, said he expected house prices had another 5% to fall, taking the total peak-to-trough decline to 10.5%. "We think the August data marks the start of a significant further drop in house prices," he said, pointing to weakness in the latest Royal Institution of Chartered Surveyors survey, which shows the most widespread price falls since 2009. The poll showed respondents expected house prices to be unchanged in 2024 and to rise just over 3% in 2025.

Persons: Alishia, Robert Gardner, Gardner, Andrew Wishart, David Milliken, Sarah Young, Mike Harrison Organizations: REUTERS, Nationwide, The Bank of England, BBC, Capital Economics, Royal Institution, Chartered Surveyors, Thomson Locations: South London, Britain

☆ Incoming economic data continues to point to resilience, says Nationwide's Kathy Bostjancic
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIncoming economic data continues to point to resilience, says Nationwide's Kathy BostjancicKathy Bostjancic, chief economist at Nationwide Mutual, along with CNBC's Steve Liesman, join 'The Exchange' to discuss banks tightening lending standards, incoming economic data suggesting a resilient market, and recession in the manufacturing sector while services side stays strong.

Persons: Kathy Bostjancic Kathy Bostjancic, Steve Liesman Organizations: Nationwide Mutual

☆ Many Americans fear a recession as severe as 2008 could be coming. Here’s what experts say
▼ + stars: | 2023-07-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

To that point, 68% are expecting a recession in the next six months, and 80% of those respondents expect it to be severe. Experts weigh in3 reasons it can be smarter to rent, even if you can buy Yet, predictions from various experts are not as dire. watch nowAt Raymond James, the current forecast calls for a "very, very mild" recession, according to chief economist Eugenio Aleman. Raymond James is predicting a 1.3% growth rate for 2023 and 0.6% for 2024 — which coincides with the firm's forecast for a "very, very mild recession," Aleman said. To cope with high inflation, Nationwide's survey found more than half of respondents are eating out less, with 54%.

Persons: Jamie Grill, We're, Kathy Bostjancic, it's, Raymond James, Eugenio Aleman, Aleman, Nonfarm, —, Gray, Tang Ming Tung, Bostjancic Organizations: Finance, Nationwide, U.S . Department of Labor, ADP, Employers, Challenger, Federal Reserve, Getty, Auto Locations: U.S, American

Traders work on the floor of the New York Stock Exchange (NYSE), June 29, 2023. U.S. stock futures were little changed Sunday night, as traders prepared for the second half of what's already been a stellar year on Wall Street. Tesla shares were little changed in overnight trading after the electric vehicle maker reported delivery and production numbers that beat analysts' expectations. Recent data showing a resilient U.S. economy despite higher rates also lifted investor sentiment, easing some fears on Wall Street of a long-awaited downturn. Investors will pore over the latest ISM Manufacturing PMI and S&P Global manufacturing PMI data for June Monday morning ahead of Friday's keynote jobs report.

Persons: Stocks, Mark Hackett, Nationwide's Organizations: New York Stock Exchange, Futures, Dow Jones, Nasdaq, Independence, Manufacturing PMI, P Global Locations: technicals

☆ UK house prices fall by most since 2009, higher rates to bite-Nationwide
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 1 (Reuters) - British house prices fell by the most since 2009 in the 12 months to May and the country's housing market faces further headwinds after a recent jump in borrowing costs, mortgage lender Nationwide said on Thursday. Compared with May last year, the average house price was down 3.4% after a 2.7% annual fall in April, Nationwide said. House prices edged down by 0.1% in May from April after a monthly 0.4% rise in April, Nationwide said. Martin Beck, an economist with the EY Item Club, a forecasting group, said the 4% fall in house prices from last August's peak was modest compared with the 7% rise in house prices over the past two years. Analysts at Capital Economics said prices would fall another 8% while Pantheon Macroeconomics said they would drop 4%.

Persons: Liz Truss's, Headwinds, Robert Gardner, Gardner, Martin Beck, BoE, Beck, William Schomberg, Muvija M, Paul Sandle, Christina Fincher Organizations: Nationwide, Bank of, Capital Economics, Thomson Locations: Bank, Bank of England

☆ Wage growth contributes to inflation but it's not the source, says Nationwide's Kathy Bostjancic
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWage growth contributes to inflation but it's not the source, says Nationwide's Kathy BostjancicCNBC's Steve Liesman and Kathy Bostjancic, Nationwide's chief economist, join 'The Exchange' to discuss hawkish comments at the Atlanta Fed financial markets conference, and the Fed proceeding with rate hikes.

☆ Warren Buffett's Berkshire Hathaway just hosted its legendary annual investor weekend. Here's what to know.
▼ + stars: | 2023-05-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Before we get to the news, we've got a dispatch from Theron — our in-house Warren Buffett expert — on the legendary conference. That's how Todd Finkle, the author of a new biography on Buffett, described the investor's yearly bash. There were also investment panels, cocktail parties, steak dinners, fun runs, and shopping events during the weekend. The stock market could become "untouchable" if the bank crisis keeps spiraling. Four of the world's top investors agree on the biggest risks that will cause the next recession.

☆ Stocks are set for more volatility as the 'unlucky 13' months of strong job growth complicates the Fed's mission to cool the economy
▼ + stars: | 2023-05-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

A blowout jobs report and could make the Fed's job of tamping down inflation harder. The April US jobs report showed nonfarm payrolls grew by of 253,000 and a fall in the unemployment rate to 3.4%. Wages are key to the Fed's inflation outlook, and April brought a 0.5% rise in average hourly pay – the biggest monthly increase in a year. "This is a market that's really going to struggle. "It's too early to assess the likelihood of an additional Fed rate hike in mid-June, but this latest jobs report will push the excessively data-dependent Fed towards further tightening – a mistake in our view."

☆ The president of Nationwide's $175 billion retirement business shares his top tips for saving 'a couple hundred thousand dollars' by 30 — and 3 blunders to avoid
▼ + stars: | 2023-05-05 | by ( Laila Maidan | Akin Oyedele | ) www.businessinsider.com time to read: +5 min

One of the biggest blunders people make is racking up credit card debt that rolls over every month. In the fourth quarter of 2022, the average credit card APR was 20.40%, according to data from the Federal Reserve. Saving for retirementOnce you've hit the basics, it's time to look at a longer time horizon: saving for retirement, Stevenson said. And the longer you wait to start saving for retirement, the more you'll need to increase your monthly allocation to catch up. Depending on the type of account you have, it could also be set up for your retirement contributions to automatically increase with a raise.

☆ UK house prices stabilise after mini-budget fall: Nationwide
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 2 (Reuters) - British house prices rose by 0.5% in April after falling for the seven previous months, mortgage lender Nationwide said, adding to signs that the property market has stabilised after last year's "mini-budget" upheaval. The average house price remained 4% below its peak in August last year which was before former Prime Minister Liz Truss and her finance minister Kwasi Kwarteng briefly sent debt markets into a tailspin by announcing a plan for big, unfunded tax cuts. Compared with April last year, the average house price was down by 2.7%, Nationwide said. Analysts polled by Reuters had expected prices to fall by 0.4% in month-on-month terms and by an annual 3.6%. Reporting by William Schomberg; editing by Sarah YoungOur Standards: The Thomson Reuters Trust Principles.

☆ Russia is landing new buyers for its sanctioned diesel all over the world and Brazil's taking advantage of the steep discounts.
▼ + stars: | 2023-04-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Today we're talking energy — and I'm sharing a conversation with a leading expert on Russian diesel flows. Phil Rosen: You shared some data on how Brazil is seeing a dramatic uptick in Russian diesel imports, and a decrease in diesel imports from other sources, including the US. It really does appear that Russian diesel is muscling in on US market share in Brazil. How does this data on Brazil's diesel imports fit into the broader picture with China and India? Russian diesel is displacing traditional suppliers to these countries, while trade flows are changing to backfill the loss of Russian diesel into Europe.

☆ Tight lending standards will impact credit availability, says Nationwide's Kathy Bostjancic
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTight lending standards will impact credit availability, says Nationwide's Kathy BostjancicKathy Bostjancic, chief economist at Nationwide Mutual, and Kevin Mahn, Hennion & Walsh Asset Management president and CIO, join 'The Exchange' to discuss the recent banking crisis and stocks with resilience in recession conditions.

☆ Watch CNBC's full interview with Nationwide's Kathy Bostjancic and Hennion & Walsh's Kevin Mahn
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Nationwide's Kathy Bostjancic and Hennion & Walsh's Kevin MahnKathy Bostjancic, chief economist at Nationwide Mutual, and Kevin Mahn, Hennion & Walsh Asset Management president and CIO, join 'The Exchange' to discuss the recent banking crisis and stocks with resilience in recession conditions.

☆ Wall Street warns the banking turmoil is coming for the commercial real estate sector
▼ + stars: | 2023-04-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

JPMorgan Asset Management's Jonathan Liang said Wednesday on Bloomberg that smaller banks now face an increased risk of credit losses because of their heightened exposure to the commercial real estate debt. And Goldman Sachs' global head of real estate client solutions, Jeffery Fine, recently said the commercial real estate market is in the middle of a "perfect storm" of higher rates, tight credit, and fast-maturing debt. The Goldman strategist said securing commercial real estate loans now is "almost impossible" since financing has just about shut down. What's your outlook for the commercial real estate sector in the next 6 months? This real estate investor commands a 311-unit portfolio.

☆ The rest of 2023 is the 'best period' for stocks in a 12-month span, Nationwide's research chief says. Here's why history shows investors have a brief window of opportunity, and what to snap up while
▼ + stars: | 2023-04-19 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Nationwide Chief of Investment Research Mark Hackett says it's a good time to buy stocks. Few experts were surprised when stocks got off to a good start this year, rebounding from a difficult 2022. Hackett is more bullish on almost anything else, especially small cap stocks, value stocks, and non-US names. And eventually, the calm period ahead will inevitably give way to presidential election season, where politics tends to intrude on market performance. "The best period for equity market returns is the period we're in.

☆ Markets and the economy survived a tough first quarter, but it's not going to get any easier
▼ + stars: | 2023-04-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Despite peaks and valleys, stocks closed the first quarter on an up note, with the S & P 500 rallying more than 7% and the tech-fueled Nasdaq soaring about 16%. .SPX .DJI YTD line S & P 500 gains so far in 2023 Indeed, the market has lived through a lifetime of scary headlines in the first three months of 2023. Despite repeated protestations from Fed officials that they are taking the higher-for-longer approach on interest rates, markets still expect cuts. AAPL .SPX YTD mountain Apple compared to the S & P 500 Only five of the 11 S & P 500 sectors are positive for the year, despite the substantial rally for the index. The net profit margin for the S & P 500 also is expected to edge lower to 11.2%.

Search resuls for: "Nationwide's"

25 mentions found