Petersburg Post Home

The Petersburg Post



US   MARKETS  
Mortgage rates plummet: Fed cut could spark refinance wave
- 860,219 13,703 Market yield on U.S. treasury securities at 10-year constant maturity. Updated daily. Welcome, + As mortgage rates fall, refinance opportunities are expanding, with 3.1 million homeowners now able to save by refinancing. Industry experts anticipate this trend to continue, potentially revitalizing the housing market and offering relief to recent homebuyers facing high rates.  AI Summary With the ...

Source: housingwire.com
MARKETS   POLITICS  
Push to End Quarterly Reports Points to Waning Investor Clout
- A renewed drive to end quarterly reporting would potentially save public companies time and money—but investors worry such a shift would worsen an increasingly opaque environment characterized by dwindling shareholder power. The Long-Term Stock Exchange, a national securities exchange that launched in 2020, plans to petition the Securities and Exchange Commission in the next couple of weeks to bring public ...

Source: news.bloomberglaw.com
US   BUSINESS   MARKETS  
Elon Musk buys $1 billion worth of Tesla shares as he looks to gain more control over the EV maker
- An SEC filing made public Monday showed that Musk purchased nearly $1 billion worth of the company's stock last week. Musk, who holds a 13% stake in Tesla, has complained in the past about his level of control over the company. In January, he said he would not be comfortable The new compensation plan, which is set to be voted on by investors at Tesla's shareholder meeting in November, provides Musk a route to that ...

Source: insider.com