Fed

Redfin Report: Listings Surge, Luring Some Buyers Off the Fence, But Near-Record Housing Costs Price Others Out

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Data Analytics, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Housing, Sale, Fed, Real estate

On a local level, prices increased in all 50 of the most populous U.S. metros, the first time that has happened since July 2022.

Key Points: 
  • On a local level, prices increased in all 50 of the most populous U.S. metros, the first time that has happened since July 2022.
  • High housing costs are still pricing out some would-be homebuyers, with pending sales down 6% from a year earlier.
  • That’s partly because supply is steadily improving, giving buyers who can afford elevated prices and rates more homes to choose from.
  • “Buyers who can afford to may want to get serious about their home search now, as housing costs are unlikely to fall anytime soon.

ChatGPT Use Cases in the Automotive Value Chain, 2023 Industry Research Report Featuring Fullpath, Mercedes Benz, Meta, and Stellantis - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 14, 2024
Automotive, General Automotive, Technology, Other Automotive, Software, Artificial Intelligence, Anomaly, ChatGPT, Workplace, Fed, Risk management

The "ChatGPT Use Cases in the Automotive Value Chain" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "ChatGPT Use Cases in the Automotive Value Chain" report has been added to ResearchAndMarkets.com's offering.
  • This study delves into the potential applications of ChatGPT within the automotive value chain, exploring various use cases and their evolving impact on future automotive operations.
  • It examines the different segments of the automotive value chain and identifies potential applications of ChatGPT within each segment.
  • ChatGPT has established itself as a versatile tool with potential use cases in various business functions across industries.

WisdomTree Floating Rate Treasury Fund (USFR) Celebrates 10-Year Anniversary

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Finance, Fintech, Asset Management, Consulting, Banking, USFR, TIPS, Capital gain, Lovell Minnick Partners, Prospectus, Fed, Fund, Treasury, Government, ETF, Security (finance)

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today celebrates the ten-year anniversary of the launch of the WisdomTree Floating Rate Treasury Fund (USFR).

Key Points: 
  • WisdomTree, Inc. (NYSE: WT), a global financial innovator, today celebrates the ten-year anniversary of the launch of the WisdomTree Floating Rate Treasury Fund (USFR).
  • We believe it’s one for investors to consider from the current and prospective interest rate landscape.”
    The U.S. Treasury completed its first floating rate auction on January 29, 2014, issuing $15 billion of a note with a two-year stated maturity.1 This was the first new class of issuance by the Treasury since it issued Treasury Inflation-Protected Securities (TIPS)2 in 1997.
  • Provides cost-effective access to newly issued U.S. government floating rate notes
    U.S. Treasury floating rate notes have grown to become an integral aspect for investors’ fixed income portfolios.
  • Securities with floating rates can be less sensitive to interest rate changes than securities with fixed interest rates, but may decline in value.

Leading healthcare fund manager RA Capital launches biotech ETFs

Retrieved on: 
Monday, April 1, 2024
Algorithm, RAPP, Machine, Patient, Reddit, Child, ETF, CIO, Finger, Congress, General counsel, Poop, Rage, Lawyer, OOP, Nose, Machine learning, Exchange-traded fund, San Jose Sharks, Associate, Bias, POOP, IPO, MD, Insurance, VIXX, Venture, Fed, LP, RAGE, Attention, CFO, Hope, Global catastrophic risk, Opposite Day, Opposite, Institute of Management Accountants, Probability, Medicine

The first ETF that RA Capital will begin trading today is RABB (RA Best Biotech ETF).

Key Points: 
  • The first ETF that RA Capital will begin trading today is RABB (RA Best Biotech ETF).
  • This fund is composed of what RA Capital has termed "core" development-stage biotech companies held by at least one biotech specialist peer fund.
  • "What's long been missing from the menu of biotech ETFs is a fund constructed strictly based on borrowed conviction," said Peter Kolchinsky, a virologist and Managing Partner of the firm.
  • For those who think that specialists have it wrong, RA Capital is also launching the RA Peripheral Portfolio, which will trade under the symbol RAPP.

Phoenix Management, a Part of J.S. Held Lending Survey Results Reveal Concern About Upcoming Presidential Election

Retrieved on: 
Thursday, March 28, 2024
Senior, Uncertainty, Forward, Bankruptcy, Q4, Policy, Face, Acquisition, Fed, Management, Real estate

JERICHO, N.Y., March 28, 2024 /PRNewswire-PRWeb/ -- Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the "Lending Climate in America" survey results from Phoenix Management, a part of J.S. Held. The first quarter survey results highlight concern about the outcome of the upcoming Presidential election and increased uncertainty surrounding the retail and construction industries.

Key Points: 
  • Held "Lending Climate in America" first quarter survey results.
  • Held, proudly celebrating 50 transformative years, reveals the "Lending Climate in America" survey results from Phoenix Management, a part of J.S.
  • The first quarter survey results highlight concern about the outcome of the upcoming Presidential election and increased uncertainty surrounding the retail and construction industries.
  • Phoenix's Q1 2024 "Lending Climate in America" survey asked lenders which macroeconomic headwind they were most concerned about heading into 2024.

GovExec Announces 2024 Government Hall of Fame Inductees

Retrieved on: 
Wednesday, March 27, 2024
President Clinton, Anthem, National Youth Administration, Dunwoody, Georgia, Airborne forces, Comcast Business, History, MITRE, Arctic Slope Regional Corporation, Social, Civil and political rights, Black Cabinet, AT&T, HashiCorp, Accenture, SAIC, Hurricane Katrina, Education, TIME, Veteran, Left–right political spectrum, AWS, NASA, FEMA, Time (magazine), Steampunk, Ciena, McKinsey & Company, WAEPA, Pegasystems, WWT, Intelligence, Salesforce, IBM, GDIT, Defense Superior Service Medal, Hurricane Sandy, The Anthem, Distinguished service medal, Fed, Public sector, Credence, Intel, Government, BP, ServiceNow, Former, Dell

WASHINGTON, March 27, 2024 /PRNewswire/ -- GovExec, the market-leading sales and marketing intelligence company for government leaders and contractors, unveiled today the 2024 Hall of Fame cohort, which the company will recognize during its annual Evening of Honors Gala hosted for the first time at The Anthem in Washington, D.C., on April 24, 2024.

Key Points: 
  • WASHINGTON, March 27, 2024 /PRNewswire/ -- GovExec, the market-leading sales and marketing intelligence company for government leaders and contractors, unveiled today the 2024 Hall of Fame cohort, which the company will recognize during its annual Evening of Honors Gala hosted for the first time at The Anthem in Washington, D.C., on April 24, 2024.
  • Building on Government Executive's more than 50-year history covering the government and public sector, the Government Hall of Fame has become a staple of its mission to acknowledge the current and former officials and industry stakeholders leading its evolution.
  • "This year's Government Hall of Fame inductees are prime examples of the powerful change public servants can instill.
  • In addition to the Government Hall of Fame's 2024 class, the Fed 100 Awards will be presented at GovExec's Evening of Honors Gala.

FP Alpha and PreciseFP Announce Partnership to Assist Financial Advisors with Advanced Planning

Retrieved on: 
Wednesday, March 27, 2024
Partnership, Software, Insurance, FP, CFP, Fed, Financial adviser

NEW YORK, March 27, 2024 /PRNewswire/ -- FP Alpha, an AI-driven advanced planning solution for financial advisors and PreciseFP, a client engagement and data gathering platform from Docupace, announced today a strategic partnership that will leverage PreciseFPs significant integration partnerships to assist advisors that are using financial planning software that is not currently integrated with FP Alpha. This will allow those advisors the ability to access and auto-populate client data from their planning software directly into the FP Alpha platform, saving hours of time and providing advisors the ability to offer advanced planning to their entire base.

Key Points: 
  • AI Advanced planning wealthtech firm, FP Alpha, will leverage digital client engagement platform, PreciseFP's key integrations, saving advisors time and expanding their advanced planning offering.
  • NEW YORK, March 27, 2024 /PRNewswire/ -- FP Alpha , an AI-driven advanced planning solution for financial advisors and PreciseFP , a client engagement and data gathering platform from Docupace, announced today a strategic partnership that will leverage PreciseFPs significant integration partnerships to assist advisors that are using financial planning software that is not currently integrated with FP Alpha.
  • This will allow those advisors the ability to access and auto-populate client data from their planning software directly into the FP Alpha platform, saving hours of time and providing advisors the ability to offer advanced planning to their entire base.
  • "FP Alpha will be issuing a limited PreciseFP license to advisors that have wanted to use our platform but wanted a more seamless integration experience with their financial planning software," says Charlie Clark, Chief Revenue Officer for FP Alpha.

Inflation Appears Under Control, says Economy Panel at Quinnipiac University's G.A.M.E. XIII Forum

Retrieved on: 
Friday, March 22, 2024
Deutsche Bank, Quinnipiac University, Conference, The Conference Board, University, Unemployment, Hoarding, Federal, Bank, DNA, Artificial intelligence, Bloomberg Markets, AI, T. Rowe Price, Fed, Federal Reserve, Multimedia, Baby boomers

NEW YORK, March 22, 2024 /PRNewswire/ -- The "Outlook for U.S. and Global Economy in 2024" panel on the first day of Quinnipiac University's 13th Global Asset Management Education (G.A.M.E.)

Key Points: 
  • NEW YORK, March 22, 2024 /PRNewswire/ -- The "Outlook for U.S. and Global Economy in 2024" panel on the first day of Quinnipiac University's 13th Global Asset Management Education (G.A.M.E.)
  • Forum in New York was optimistic that inflation is, with bumps in the road, on the correct downward course.
  • Uruçi said two percent "is not magical," and said it might make sense to set a range for acceptable inflation numbers.
  • Uruçi said AI is creating jobs and adding value to tech companies, and will possibly lead to shorter work weeks.

Cohen & Steers U.S. Real Estate Funds Receive LSEG Lipper Fund Awards

Retrieved on: 
Wednesday, March 20, 2024
Real estate, Cohen & Steers, CNS, Fed, Cohen, Property management

NEW YORK, March 20, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that the Cohen & Steers Real Estate Securities Fund ( CSDIX ) and the Cohen & Steers Institutional Realty Shares ( CSRIX ) have received 2024 LSEG Lipper Fund Awards for their strong risk-adjusted performance for the 10-year and 5-year periods, respectively, ended November 30, 2023.

Key Points: 
  • NEW YORK, March 20, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that the Cohen & Steers Real Estate Securities Fund ( CSDIX ) and the Cohen & Steers Institutional Realty Shares ( CSRIX ) have received 2024 LSEG Lipper Fund Awards for their strong risk-adjusted performance for the 10-year and 5-year periods, respectively, ended November 30, 2023.
  • Jason Yablon, Head of Listed Real Estate, said:
    "We are honored to be recognized by the LSEG Lipper Awards for our listed real estate performance.
  • In 2024, the Real Estate category for the 10-year period included 136 share classes, while the Real Estate category for the 5-year period included 189 share classes.
  • These include the firm's flagship real estate funds, Cohen & Steers Realty Shares (A: CSJAX; I: CSJIX) and Cohen & Steers Institutional Realty Shares (CSRIX), which invest primarily in high-quality, large- and mid-cap real estate companies.

Higher Mortgage Rate Forecast Leads to Decline in 2024 Home Sales Expectations

Retrieved on: 
Tuesday, March 19, 2024
Pressure, ESR Group, Federal, Sale, Economy, Housing, Fed, Federal Reserve, ESR, OTCQB, Fannie Mae

"The housing market is likely to continue to face the dual affordability constraints of high home prices and elevated interest rates in 2024," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. "Hotter-than-expected inflation data and strong payroll numbers are likely to apply more upward pressure to mortgage rates this year than we'd previously forecast, as markets continue to evolve their expectations of future monetary policy. Still, while we don't expect a dramatic surge in the supply of homes for sale, we do anticipate an increase in the level of market transactions relative to 2023 -- even if mortgage rates remain elevated."

Key Points: 
  • WASHINGTON, March 19, 2024 /PRNewswire/ -- The increase in mortgage rates in February has driven a modest downgrade to expectations for total home sales and mortgage originations in 2024, according to the March 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group.
  • The ESR Group now expects the 30-year fixed mortgage rate to end the year at 6.4 percent, up from the 5.9 percent predicted in last month's forecast.
  • "Hotter-than-expected inflation data and strong payroll numbers are likely to apply more upward pressure to mortgage rates this year than we'd previously forecast, as markets continue to evolve their expectations of future monetary policy.
  • Visit the Economic & Strategic Research site at fanniemae.com to read the full March 2024 Economic Outlook, including the Economic Developments Commentary , Economic Forecast , Housing Forecast , and Multifamily Market Commentary .