Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images China’s struggling real estate sector may not start turning around until the second half of next year — even with the latest stimulus measures, three research firms predicted this month. After
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Show video info Donald Trump has lashed out at Liz Cheney, his Republican critic, as a “radical war hawk” who should have “nine barrels shooting at her”, prompting immediate criticism of his
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple reported solid revenue growth in the past quarter as the tech group offered a bullish outlook on how new artificial intelligence features would drive an uptick in hardware sales into the holiday season. The
A “For Sale” sign in front of a home in Atlanta, Georgia, US, on Wednesday, Sept. 18, 2024. Elijah Nouvelage | Bloomberg | Getty Images Mortgage rates rose last week for the fourth time in five weeks, causing another pullback in refinancing. Total mortgage application volume was essentially flat, falling 0.1% compared with the previous
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The expressway from Shenzhen to Dongguan and Guangzhou, through one of China’s industrial heartlands, boasts almost every vehicle the global market has to offer. Toyota sedans weave aggressively between industrial tankers; sleek Maybachs and Mercedes
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U.S. home sales declined 2.9% in August, according to Freddie Mac, with existing home sales falling to the lowest level since October 2010.Bloomberg News As housing costs remain high, housing finance agencies in the Midwest are selling bonds to finance mortgage loans to buyers of single-family and multifamily homes. Existing home sales declined in August
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia
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Early voting Saturday in Arlington, Virginia. The federal election outcome will impact tax policy and the municipal bond industry.Bloomberg News The key question for municipal market investors heading into next week’s tight federal election is less about who wins and more about by how much. Next year promises to be significant for tax policy and
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Oklahoma Treasurer Todd Russ, his office and his chief of staff were sued alleging they withheld documents related to the state’s anti-ESG law. Oklahoma Treasurer Todd Russ, his office and his chief of staff and deputy treasurer, Jordan Harvey, were sued last week by an open-records company that accused them of withholding and possibly destroying
At the national level, the middle class is typically defined as households that earn between two-thirds and double the household median income. Based on 2023 figures, that means those with an annual income between $53,740 and $161,220. Compared to its peak, inflation in the U.S. has eased substantially. According to the Bureau of Labor Statistics,
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Hushum Al-Husainy had just finished his prayers last Thursday afternoon when he explained why he was trying to help Donald Trump win back the White House. “I just want to see the world be more stable,” said Al-Husainy, an Iraqi-American Imam at a prominent Islamic centre in Dearborn, Michigan. He expected that Trump would end
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A group of major western and Asian nations has expressed “grave concern” over draft Israeli legislation that would severely restrict the ability of the UN agency for Palestinian refugees to operate in Gaza and the
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