Trump delays state visit to U.K. until fall: report

President Donald Trump is delaying his state visit to the United Kingdom until October, U.K. tabloid The Sun reported. The report said Trump and Prime Minister Theresa May agreed to postpone his visit until the fall in a bid for the controversy over Trump’s ban on citizens from seven majority-Muslim nations to die down. An October visit also means it’s more likely Trump would see the queen at her retreat in Scotland.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Trump delays state visit to U.K. until fall: report

President Donald Trump is delaying his state visit to the United Kingdom until October, U.K. tabloid The Sun reported. The report said Trump and Prime Minister Theresa May agreed to postpone his visit until the fall in a bid for the controversy over Trump’s ban on citizens from seven majority-Muslim nations to die down. An October visit also means it’s more likely Trump would see the queen at her retreat in Scotland.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Trump open to legal path for undocumented immigrants: report

President Donald Trump may be open to allowing millions of undocumented immigrants who have not committed serious crimes to stay in the country legally, according to a New York Times report Tuesday evening. That would be a radical shift from the crackdown on undocumented immigrants laid out in Trump’s first several weeks in office. The Times quoted a number of TV news anchors, who met with Trump earlier Tuesday, who said the president told them he was open to a broad immigration-law overhaul, “as long as there is compromise on both sides.” It was unclear if Trump would address the issue later Tuesday night in his address to a joint session of Congress.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

CMBS Delinquency Rises, More Deterioration Ahead

Performance on securitized commercial real estate loans worsened for the second consecutive month, and the outlook is for more deterioration.

As January concluded, delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities was 3.01 percent.

The past-due CMBS rate inched up from 3.00 percent as of year-end 2016. It was the second month in a row that the delinquency rate worsened.


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From:: Financing

Mortgage Risk Rises as Cashout Transactions Grow

An increase in the volume of cashout originations is creating more risk for mortgage investors, according to a new ratings agency report.

Although rising home prices have created more equity for mortgage holders, it is also motivating homeowners to extract equity from their homes

Cashouts are increasing on loans backed by the government-sponsored enterprises and on mortgages included in private-label securitizations.


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From:: Financing

Amazon says issues affecting internet are fully resolved

After causing problems for websites and mobile applications in the United States on Tuesday, Amazon.com Inc. said it had solved issues with a crucial cloud-infrastructure offering Tuesday afternoon. At 2:08 p.m. Pacific time, Amazon Web Services posted on its status page that all issues with S3, a cloud-storage service, had been resolved. “We are fully recovered for operations for adding new objects in S3, which was our last operation showing a high error rate,” the message read. “The Amazon S3 service is operating normally.” Amazon first disclosed the problem at 10:33 a.m. Pacific time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Veeva shares fall after outlook fails to impress

Shares of Veeva Inc. declined in the extended session Tuesday as the provider of cloud-based software to drugmakers issued an outlook that was fairly in-line with Wall Street estimates. Veeva shares declined 3.9% to $42 after hours. Veeva sees earnings of 18 cents a share on revenue of between $151 million to $152 million for the first fiscal quarter, and 78 cents to 80 cents a share on revenue of $655 million to $660 million for the year. Analysts surveyed by FactSet estimate 18 cents a share on revenue of $148.3 million for the first quarter, and 80 cents a share on revenue of $651.1 million for the year. The company reported adjusted fourth-quarter earnings of 22 cents a share on revenue of $150.2 million. Analysts expected 17 cents a share on revenue of $145.9 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News