All posts tagged: Spdr S&P Homebuilders Etf

Senate poised to advance housing bill to limit private equity purchases

Senate poised to advance housing bill to limit private equity purchases

Published by Sam Flores

Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images The Senate on Monday is expected to vote on passage of a bipartisan affordable housing bill that would limit the number of single-family homes major investors can purchase, after months of debate spanning both chambers of Congress. The vote comes after lawmakers reached a deal last week on the bill, which is aimed at increasing the supply of homes while limiting private equity’s influence on the housing market. The House is expected to vote on the bill later this week. “America is facing a housing crisis, and it’s long past time for Congress to act,” Sen. Adam Schiff, D-Calif., a supporter of the legislation, posted to X on Sunday. “The bipartisan ROAD to Housing Act will boost our housing supply & stop private equity from buying up single-family homes — and bring costs down.” Read more CNBC politics …

Trump tariffs fall, but trade war impacts linger

Trump tariffs fall, but trade war impacts linger

Published by Sam Flores

A year after President Donald Trump declared his “liberation day” and imposed sweeping tariffs on imports, kicking off a wave of economic and political uncertainty, some companies are still feeling the effects. While some industries have emerged largely unscathed — having weathered twists and turns of several tariff iterations — others, such as retail, automotive, consumer packaged goods and pharmaceuticals, are navigating a new reality in global supply chains. “Leadership at U.S. corporations really had to think about where we buy from versus whether we can import or not,” said Venky Ramesh, a supply chain expert with AlixPartners. “Around 80% to 85% of the costs were absorbed domestically, meaning either the U.S. corporations had to take the hit, or they passed it on to the customers, or a mix of both.” On April 2, 2025, in the White House’s Rose Garden, Trump announced broad country-by-country tariffs, as well as a 10% baseline levy on countries that weren’t specifically listed in that declaration. Those tariff policies fluctuated wildly over the following months as Trump made deals …

Housing affordability bill clears Senate with investor ban

Housing affordability bill clears Senate with investor ban

Published by Sam Flores

The Senate on Thursday passed the largest housing affordability bill in 30 years, including a ban on investors from buying single-family homes, with a 89-10 vote. But the bill faces an upward battle in the House, which passed its own bipartisan legislation in February. House GOP leaders have already said the measure will need to be negotiated, suggesting they will not take up the Senate-passed bill. House Majority Leader Steve Scalise, R-La., earlier this week told fellow House Republicans in a closed-door meeting that the measure is likely to bog down over differences between the two chambers’ versions. One of the biggest issues is a ban on investors and companies from buying single-family homes if they already own 350 or more. Companies that add to the housing supply through building or serious renovations would be able to own more homes, but would need to sell those homes after no more than seven years.  That provision was not initially in the Senate bill, or in the bill the House passed, but President Donald Trump championed the …

Investor ban on buying homes stalls housing affordability bill

Investor ban on buying homes stalls housing affordability bill

Published by Sam Flores

Homes in suburban Chicago, April 26, 2023. Brian Cassella | Tribune News Service | Getty Images A major housing affordability bill poised to clear the Senate as soon as Thursday will hit a wall in the House, in part over concerns about a ban on major investors from buying single-family homes.  During a meeting at the House Republican retreat this week attended by the party’s leaders and committee chairs, Majority Leader Steve Scalise, R-La., predicted the housing measure is likely to bog down due to differences between the House and Senate versions. He said that if the Senate doesn’t address wide-ranging concerns from House members and House Financial Services Chair French Hill, R-Ark., the bill is likely to require discussions between the House and Senate before it could become law. “If the Senate thinks we’re gonna take this medicine, we’re gonna go to conference” committee, Scalise said, according to three attendees, who asked not to be named because they were speaking about a closed-door meeting. A conference committee is made up of lawmakers from both …

Customs and Border Protection can’t comply with order

Customs and Border Protection can’t comply with order

Published by Sam Flores

U.S. Customs and Border Protection headquarters in Washington, May 10, 2023. Bloomberg | Bloomberg | Getty Images U.S. Customs and Border Protection told a U.S. Court of International Trade judge on Friday that it is not currently able to comply with his order to begin refunding about $166 billion collected in reciprocal tariffs imposed last year by President Donald Trump. CBP, in a court filing, cited its existing technology, processes and manpower requirements as the reasons it could not immediately comply with the conditions of Judge Richard Eaton’s order on the so-called IEEPA tariffs. The Supreme Court recently ruled those duties are illegal. But CBP also suggested in the new filing that it could begin issuing refunds by late April after revamping its technology. Brandon Lord, executive director of the trade programs directorate at CBP’s Office of Trade, in the filing said that as of Wednesday, more than 330,000 importers have made a total of over 53 millionentries “in which they have deposited or paid duties imposed pursuant to the International Emergency Economic Powers Act.” …

Bessent says 15% this week, IEEPA levels later

Bessent says 15% this week, IEEPA levels later

Published by Sam Flores

President Donald Trump’s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said Wednesday. Bessent also predicted that U.S. tariff rates would, by August, effectively return to where they stood before the Supreme Court recently struck down the often-steeper duties that Trump unilaterally imposed on most of the world’s countries last year. “It’s my strong belief that the tariff rates will be back to their old rate within five months,” Bessent said in an interview on CNBC’s “Squawk Box.” Trump last year, without authorization from Congress, implemented a broad array of tariffs on imports from most other countries by invoking the International Emergency Economic Powers Act. The Supreme Court, in a 6-3 ruling on Feb. 20, said Trump did not have the legal authority to circumvent Congress by using IEEPA to impose those duties. Hours after that ruling, Trump said he had signed an executive order to impose a global 10% tariff under a different law. A day later, Trump said …

Trump to hike global tariffs to 15% from 10%, ‘effective immediately’

Trump to hike global tariffs to 15% from 10%, ‘effective immediately’

Published by Sam Flores

President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his “reciprocal” tariffs. The new tariffs will be “effective immediately,” Trump said in a Truth Social post. “I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been “ripping” the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” he wrote. In his social media post, Trump also warned that additional tariffs would follow. “During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs,” he wrote. While Trump’s announcement claimed that the new tariffs will take effect without delay, it is unclear if any official documents have been signed detailing the timing. A White House fact sheet issued Friday said the original 10% tariffs would go into effect on Tuesday, Feb. 24, at 12:01 a.m. ET. The White House did …