smh39d ago
Spotlight and Anaconda’s billionaires just sold this patch of dirt in Chapel Street for $60m
And in an interesting quid pro quo, the buyer is understood to be none other than prolific property developer Bill McNee.
#COMMODITIES
Financial News
oilprice39d ago
Exxon Mobil's Guyana Triumph Becomes Global Sales Pitch
Exxon Mobil Corp. is using its rapid buildout in Guyana as a selling point in talks with other governments looking to develop oil and gas reserves, according to Bloomberg. The company says the speed and efficiency of its offshore projects there — which lifted production from zero to nearly 1 million barrels a day in just over six years — show it can execute complex developments better than rivals. Chief Executive Officer Darren Woods calls that a “unique value proposition” for host countries. “We’re going...
#ECONOMY
fastcompany39d ago
U.S. mortgage rate dips below 6% for the first time since 2022
The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring homebuying season gets rolling.The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.76%.The average rate has been hovering close to 6% this year. This latest dip, its third decline in a row, brings it closer to its lowest level since Sept. 8, 2022, when it was 5.89%.Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to bond market investors’ expectations for the economy and inflation. They generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.The 10-year Treasury yield was at 4.02% at midday Thursday, down from around 4.07% a week ago.Mortgage rates have been trending lower for months, helping drive a pickup in home sales the last four months of 2025, but not enough to lift the housing market out of its slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows.Sales of previously occupied U.S. homes remained stuck last year at 30-year lows. And more buyer-friendly mortgage rates this year weren’t enough to lift home sales last month. They posted the biggest monthly drop in nearly four years and the slowest annualized sales pace in more than two years.Still, with the average rate on a 30-year mortgage now below 6% as the annual spring homebuying season begins, it could encourage prospective home shoppers who can afford to buy at current rates to shop for a home this spring.“Assuming rates stay below 6%, buyers and sellers are going to start getting back into the market,” said Lisa Sturtevant, chief economist at Bright MLS. “March is when the spring homebuying season typically begins to ramp up and with rates at a three-and-a-half year low, it could be a barn burner of a spring homebuying season.”—Alex Veiga, AP business writer
#ECONOMY
thedailystar39d ago
Economy logs slowest growth in three years
Bangladesh’s economy grew 3.49 percent in the fiscal year 2024-25 (FY25), the slowest expansion in at least three years, owing to weaker performances in the agriculture and services sectors.
#ECONOMY
thewest39d ago
Shire acknowledges Esperance locals can be antagonistic toward tourists
With Esperance experiencing record visitor numbers this summer and tourist spending making up 15 per cent of the town’s economy, the shire has acknowledged the potential for conflict with locals.
#ECONOMY
mesabtribune39d ago
SME conference back in Duluth this spring
As king of northeastern Minnesota mining, the iron ore industry has been a focus of the annual Society for Mining, Metallurgy and Exploration (SME) Minnesota Conference.
#ECONOMY
yakimaherald39d ago
Nvidia's drop drags the US market down even as most stocks rise
Nvidia’s latest blowout profit report is getting waved off by Wall Street, and it’s dragging the U.S. market down even though most stocks are rising. The S&P 500 fell 1.1% Thursday. The Dow Jones Industrial Average shed 204 points, and...
#STOCKS
wallst_24739d ago
XRP Sentiment Just Hit a 5-Week High While Bitcoin Turns Bearish
Something unusual is happening in crypto sentiment. Santiment data shows XRP’s bullish-to-bearish ratio climbed to 2.35 this week—its highest reading in five weeks. Bitcoin sits at 1.05 and Ethereum hovers around 1.4, both in neutral-to-bearish territory. XRP is the only major token where traders are turning optimistic. The optimism is forming against a brutal backdrop. ... XRP Sentiment Just Hit a 5-Week High While Bitcoin Turns BearishThe post XRP Sentiment Just Hit a 5-Week High While Bitcoin Turns Bearish appeared first on 24/7 Wall St..
#CRYPTO
forexlive39d ago
Bitcoin: The price of bitcoin falls back to the the 200 hour MA after run higher stalls
Bitcoin surged roughly 6% yesterday, but today the tone has shifted. The price is currently down about -1.75%, giving back a portion of those gains as sellers lean against key resistance.The turning point came right where it mattered.On the hourly chart, yesterday’s rally stalled at the February 16 high, a clear resistance level. The failure to break above that prior peak signaled exhaustion at the highs and gave sellers the green light to step back in.Adding to the bearish tilt:The topside trendline was brokenThat same trendline has now reestablished itself as resistanceThe last several hours have seen steady downside pressureTechnically, the decline has pushed price down toward a major support cluster:200-hour MA near $66,720100-hour MA near $65,968Those moving averages now define the short-term battleground.If buyers defend this zone, the pullback remains corrective within a broader rebound.If price breaks and holds below the 100-hour MA, momentum could accelerate to the downside, and yesterday’s breakout traders may begin to unwind positions more aggressively.Bottom line:Resistance held. Trendline flipped to resistance.Now the moving averages must hold — or sellers regain firm control. This article was written by Greg Michalowski at investinglive.com.
#CRYPTO
coinjournal_net39d ago
STRK price outlook as Starknet prepares to launch strkBTC, a shielded Bitcoin for private transactions
strkBTC will enable private Bitcoin transactions on Starknet’s DeFi network. STRK is down nearly 70% in 90 days, closely tracking Bitcoin’s movements. The key STRK price levels to watch are the support at $0.04 and the resistance at $0.045. Starknet is gearing up for a major move in the decentralised finance (DeFi) space with the [...]The post STRK price outlook as Starknet prepares to launch strkBTC, a shielded Bitcoin for private transactions appeared first on CoinJournal.
#CRYPTO
bitcoinworld39d ago
USD/JPY Retreats Dramatically After Two-Day Surge Amid Resilient US Labor Data and BoJ Rate Hike Speculation
BitcoinWorldUSD/JPY Retreats Dramatically After Two-Day Surge Amid Resilient US Labor Data and BoJ Rate Hike SpeculationTOKYO/NEW YORK, March 2025 – The USD/JPY currency pair experienced a significant retreat in early Asian trading today, reversing a two-day upward trajectory as conflicting signals from resilient US labor data and growing Bank of Japan policy normalization speculation created volatile market conditions. This movement represents a crucial inflection point for global currency markets, reflecting [...]This post USD/JPY Retreats Dramatically After Two-Day Surge Amid Resilient US Labor Data and BoJ Rate Hike Speculation first appeared on BitcoinWorld.
#FOREX
bitcoinworld39d ago
Bybit EU Launches “Bigger Return, Shorter Hold” Campaign Across the EEA
BitcoinWorldBybit EU Launches “Bigger Return, Shorter Hold” Campaign Across the EEAPRNewswire, PRNewswire, 26th February 2026, ChainwireThis post Bybit EU Launches “Bigger Return, Shorter Hold” Campaign Across the EEA first appeared on BitcoinWorld.
#CRYPTO