Investing with inflation in mind: The sectors with the most opportunities
“Investors may need to rethink how they position their portfolios if inflation declines as expected this year and in 2025. The sharp drop in U.S. inflation during 2023 raised hopes for aggressive interest rate cuts by the Federal Reserve (Fed). But since then, the market has gone from expecting six to seven rate cuts to […]
Singapore’s top bank DBS eyes $370 billion in wealth assets by 2026, top exec says
DBS Group (OTC:DBSDY) plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the city state. Wealth assets at DBS grew 23% to a record S$365 billion last year, as Singapore […]
Record high prices, rising mortgage rates depress US home sales
U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates sidelined potential buyers from the market. There was, however, some encouraging news on the housing market, with the National Association of Realtors reporting on Friday that housing inventory jumped last month to the highest […]