FEDS Paper: Locked In: Rate Hikes, Housing Markets, and Mobility
Aditya Aladangady, Jacob Krimmel, and Tess ScharlemannRising interest rates in 2022 introduced large moving costs for homeowners with low, fixed-rate mortgages.
Trump’s Cabinet Wants to Contain China. What About Trump Himself?
President-elect Donald J. Trump is assembling a team of aides bent on confrontation with China. But he also has advisers who do business there, including Elon Musk.
Grant Thornton UK picks private equity over US merger
Accounting firm agrees to sell stake to buyout group Cinven
Santander sets aside £295mn to cover costs over car finance ruling
Provision made after court decision last month on mis-selling of car loans
Bridgewater’s Bob Prince buys $12mn home in wealthy Hong Kong enclave
Hong Kong Monetary Authority official calls for applause for executive’s purchase at finance conference
Why Donald Trump’s election win fuelled a stock market surge
Yu Xichao/ShutterstockFollowing Donald Trump’s victory in the US presidential election, Bitcoin was one of the assets that surged in value. This was widely felt to be a response to Trump’s promise to establish a strategic Bitcoin reserve – essentially holding a large stock of the cryptocurrency as a security.
Young families are leaving many large US cities − here’s why that matters
Parents and educators rally at Boston City Hall demanding urgent action to improve the city's public schools. Barry Chin/The Boston Globe via Getty ImagesYoung families with children are a shrinking part of the U.S. population in many areas.
Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show
Companies are cutting emissions fastest from energy use. Falling solar prices help. CFOTO/Future Publishing via Getty ImagesCompanies around the world are increasingly committed to cutting their greenhouse gas emissions to slow and ultimately reverse climate change.
Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company
Severing ties to its nonprofit owner would be far more easily said than done. rob dobi/Moment via Getty ImagesOpenAI, the tech company that created the popular ChatGPT chatbot, is at a crossroads.
London drives surge in UK rental costs
Rents soar in October on back of high demand and pre-Budget landlord sales
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