New home sales soared 7.4% MoM in March (dramatically better than the +1.3% MoM expected), lifting sales up 6.0% YoY... While new home sales soared amid the tumbling mortgage rates, April has seen rates surge back up to 7.00%, suggesting this sudden sales spike will be short-lived... And if confirmation was needed, the more timely 'mortgage applications' data shows a major plunge in the last two weeks... ...and if you're hoping for lower rates to keep the American Dream alive, that will likely come at the cost of a recessionary...

Hedge fund manager Robert Gibbins , who returned clients’ capital in 2022 following years of losses , is looking to raise external money again after his revamped strategy produced double-digit gains for his macro hedge fund.

The founder of Autonomy Capital Research is wooing potential investors to back what he calls a “modern macro” strategy that looks at disruptive technological shifts as a source of major macroeconomic drivers, according to a person familiar with the matter and an investor letter sent by Gibbins last week.

Goldman Sachs Group Inc.’s executive pay proposal won majority support from shareholders despite criticism the bonuses were excessive, easing concerns over the firm’s push to retain top talent as it competes with buyout firms.

The investment bank, which argued a pair of $80 million retention bonuses for its chief executive and president were justified given the war for talent with buyout firms, said it won 66% of the vote in a non-binding ballot at its annual general meeting in Dallas on Wednesday.

Sales of new homes in the US jumped last month on a welcome dip in mortgage rates and ongoing sales incentives to kick off the crucial spring selling season.

Purchases of new single-family homes increased 7.4% in March to an annualized rate of 724,000, mostly driven by a surge in the South, according to government data released Wednesday. That exceeded all estimates in a Bloomberg survey of economists.

Poland’s Monetary Policy Council may reduce its benchmark interest rate by 25 basis points next month if April’s inflation readout stays soft, according to policymaker Gabriela Maslowska .

Maslowska’s stance has changed since March when she envisaged rate cuts only late in 2025 or early next year. Her comments echo those of other MPC members as well as central bank Governor Adam Glapinski , who unexpectedly embraced monetary easing earlier this month.