In a recent interview, DoubleLine Capital CEO Jeffrey Gundlach provided insightful commentary on the trajectory of interest rates heading into 2025. His predictions, articulated on CNBC’s “Closing Bell,” illustrate a cautious stance regarding future Federal Reserve rate adjustments. According to Gundlach, the chance of only a single rate cut is probable, with two being the
admin
As New York City emerges from the shadow of the pandemic, there is a discernible revival in the demand for office space that mirrors pre-COVID trends. This resurgence can be attributed to two primary factors: the return of employees to the workplace and a notable influx of new hires across various sectors. As reported by
In recent months, the rental landscape in the United States has shown signs of a favorable shift for tenants. According to a report from Realtor.com, the median asking rent in December 2023 decreased to $1,695—a slight drop of 0.5% from the previous month and a 1.1% decline compared to the same time last year. The
In a surprising turn of events, Commerzbank disclosed its quarterly financial results on Friday, revealing a remarkable leap in its annual profit figures. The bank’s net profit surged by 20% to reach an impressive 2.68 billion euros (approximately $2.78 billion) for the year 2024, thereby exceeding analysts’ expectations which had forecasted a net profit of
The luxury goods market, notoriously sensitive to global events and consumer sentiment, has displayed its capacity for recovery following a year of declines. In the latest quarter, LVMH Moët Hennessy Louis Vuitton, a powerhouse in luxury goods, reported a rejuvenation in their watches and jewelry division, marking a 3% increase in sales. This rebound arrives
In the wake of an ominous warning from President Donald Trump, concerning the imposition of 25% tariffs on imports from Canada and Mexico, the automotive sector is finding itself enveloped in anxiety. This impending financial decision is fueling a maelstrom of speculation and uncertainty within the global automotive sphere. Since the administration’s inauguration, industry leaders
Swiss pharmaceutical leader Novartis has released its fourth-quarter earnings report, showcasing a significant rise in net sales, which surged by 16% on a constant currency basis, reaching $13.2 billion. This figure not only surpassed the analysts’ average estimate of $12.795 billion but also highlighted the firm’s ability to maintain robust performance despite a challenging economic
OpenAI, the prominent artificial intelligence leader, is reportedly in discussions to secure as much as $40 billion in funding. This significant financial injection could elevate the company’s market valuation to an astonishing $340 billion, marking a monumental shift in the tech landscape, especially within the AI sector. These developments, confirmed by CNBC, underscore the growing
The recent collision between an American Airlines regional jet and a military helicopter has tragically unfolded into the deadliest commercial aviation disaster in the United States since 2001. Occurring just before 9 p.m. ET on Wednesday near Reagan National Airport in Washington, D.C., this catastrophic event claimed the lives of everyone on board both aircraft—60
The real estate market is currently navigating a challenging landscape marked by significant declines in signed contracts for existing homes. According to the National Association of Realtors (NAR), there was a startling 5.5% decrease in pending sales in December compared to November, and a notable 5% drop from year to year. This downturn is puzzling