News

Argentina's zombie mortgage market is coming back to life

Argentina's mortgage market, for years almost non-existent due to spiraling triple-digit inflation and high borrowing costs, is starting to show signs of coming back to life under the pro-market reforms of libertarian President Javier Milei. Monthly new mortgages in Buenos Aires province, home to 40% of the country's population, hit the highest level since 2018 at the start of the year, data from the local college of notaries show. Milei, a bombastic economist who took office in late 2023, has shaken up the country with tough austerity and cost-cutting, which has helped bring down inflation, overturn a deep fiscal deficit, and boost confidence among investors and banks.

Vanguard UK clients faced service delays amid market tumble

LONDON (Reuters) -Vanguard's UK online investment platform experienced IT problems for several hours on Monday with clients facing delays in accessing account information, as global markets slid following U.S. President Donald Trump's tariff announcements. Hundreds of Vanguard customers experienced problems accessing services in morning trading hours in the UK, according to outages tracking website Down Detector. The technical problems have since been resolved, Vanguard said in an updated statement on Monday afternoon.

Global Stocks Sink, Deepening Rout

Global stocks are slumping Monday, extending their rout, as President Donald Trump's sweeping reciprocal tariffs and China's retaliatory duties sparked a flight into haven assets and raised fears of a U.S. recession.

Analysis-Trump leaves emerging market central banks with no clean choices

Economies such as India and Indonesia had until now taken a cautious approach to interest rate cuts, keen to avoid the kinds of market meltdowns that have roiled their economies in past decades. However, some of those market stability concerns are now taking a back seat as policymakers grow more worried about economic fundamentals. Analysts said that means some emerging market central banks could cut rates more aggressively than a more ambivalent U.S. Federal Reserve.

Dow, S&P 500 end wild session lower, Trump digs in on tariffs

(Reuters) -The S&P 500 and the Dow closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation as U.S. President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China. Wall Street equities have been hammered since Trump's sweeping tariffs, announced late Wednesday, on all imports into the U.S. and much higher levies on some major trading partners.

3 Reasons to Sell ORN and 1 Stock to Buy Instead

Orion’s stock price has taken a beating over the past six months, shedding 63.3% of its value and falling to a new 52-week low of $2.21 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.