Latest Financial services News
UK plans to create pension megafunds with aim of unlocking $100 billion for investment
LONDON (AP) — British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s subpar economic growth. Reeves said in her speech to finance leaders...
Gold is suddenly not so glittery after Trump's White House victory
NEW YORK (AP) — After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump's victory in the presidential election. Gold fell more than 4% in the four days since Election Day, when the broad U.S. stock market climbed nearly...
Top Federal Reserve official defends central bank's independence in wake of Trump win
WASHINGTON (AP) — A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election. “It has been widely recognized — and is a finding of economic...
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
LOS ANGELES (AP) — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking...
Seritage Growth Properties: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Seritage Growth Properties (SRG) on Tuesday reported a loss of $22 million in its third quarter. The New York-based company said it had a loss of 41 cents per share. The real estate investment trust posted revenue of $3.3 million in...
Lument: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Lument Finance Trust, Inc. (LFT) on Tuesday reported profit of $6.3 million in its third quarter. On a per-share basis, the New York-based company said it had profit of 10 cents. The real estate investment trust posted revenue of...
Hudson Pacific: Q3 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Hudson Pacific Properties Inc. (HPP) on Tuesday reported a key measure of profitability in its third quarter. The results did not meet Wall Street expectations. The real estate investment trust, based in Los Angeles, said it had funds from...
American Healthcare REIT: Q3 Earnings Snapshot
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — American Healthcare REIT Inc. (AHR) on Tuesday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations. The Irvine, California-based real estate investment trust said it had funds from...
Ambac: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ambac Financial Group Inc. (AMBC) on Tuesday reported a third-quarter loss of $28 million, after reporting a profit in the same period a year earlier. On a per-share basis, the New York-based company said it had a loss of 63 cents. Losses, adjusted...
Don’t Settle for a Subpar Health Savings Account
Love them or hate them, it’s hard to see health savings accounts losing traction any time soon. Used in conjunction with high-deductible healthcare plans, the accounts have been touted as a way to put downward pressure on healthcare costs. Even though HSAs are the only triple...
