Declining credit quality metrics in Commercial real estate lending pushed several banks to reduce their exposures to the sector by offloading loans related to the asset class, particularly office loans, in the second quarter. US banks’ commercial real estate loan portfolios showed signs of increasing stress During the second quarter, the net charge-off rate for…
As the new cold war dawns, China’s international influence is on the rise, driven by its economy and it growing control over critical minerals that play a pivotal role in various products, which hold the key to shaping the future. Companies involved at every stage of the supply chain, spanning from mining to the production…
Rising interest rates have once again inflicted a decrement on the valuation of bank bond portfolios, coinciding with a period when major banks confront alterations in regulations compelling them to acknowledge notional losses in the computation of their regulatory capital.
Blackstone Inc.’s $68 billion real estate trust finds itself besieged by nine months of substantial redemption requests, all amidst a gathering storm over the commercial real estate markets. Blackstone Real Estate Income Trust is the largest institutional landlord in the world. The latest ominous signal emanating from Blackstone Real Estate Income Trust (BREIT) comes in…
Rising to new heights, housing prices have surged significantly, matched in intensity by the upward trajectory of mortgage rates. These combined forces serve as a stark indicator that the cherished concept of the American Dream, entwined with homeownership aspirations, is undergoing a profound transformation. The once-attainable notion of owning a home, intertwined with financial security…
The US Treasury market hit a record high in July, surpassing $25 trillion for the first time in its history. This has been reached as the US government continues to borrow to fund its operations and fiscal stimulus. Treasury bills, short-term bills, and bonds outstanding rose about 1% in July to a record $25.137 trillion,…
The decision to downgrade US credit rating from AAA to AA+ reflects how increasing political polarization and recurrent standoffs in Washington over spending and taxes may eventually burden US taxpayers. Over time, a lower credit rating could lead to higher borrowing costs for the US government.
The results of the June 2023 survey conducted by the RV Industry Association reveal a significant decline in total RV shipments. The month ended with 24,095 units shipped, showing a considerable decrease of 46.4% compared to June 2022 when 44,942 units were shipped. The overall trend for RV shipments this year has been on a…
Russia’s invasion of Ukraine prompted a shift in energy cooperation with African countries, once considered a priority for future upstream investment. Western sanctions have increased the importance of alternative energy partners and markets, including Africa, for Russia. Following the visits of several Russian delegations to African countries to discuss increased cooperation since the outbreak of…
In May 2023, transborder freight between the United States and its North American neighbors, Canada and Mexico, experienced a notable dip across various transportation modes. A comprehensive report released by the Department of Transportation highlights key insights, revealing how total transborder freight valued at $136.2 billion moved across borders through different transportation channels. The movement…