The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
The Amazon CEO spoke in Washington D.C. about the company's sustainability efforts.Technologyread more
A decline in mortgage rates throughout much of the summer has helped buyers.Housingread more
Jay Clayton, opening speaker at the Delivering Alpha conference, also cautions about the difficulty of "price discovery" for investors trying to cash in on crypto.Delivering Alpharead more
The former CEO of Overstock announced that he's dumped all of his equity and blamed both the "deep state" and the government for his exit.Marketsread more
Gelson's, an upscale grocery store chain with 27 locations across Southern California, will sell 12-ounce packages of the Impossible Burger.Food & Beverageread more
The new rules come after recent disclosures by some players about their mental health battles — before and during their NBA careers.Health and Scienceread more
As the slowdown in Singapore's housing market deepens, investors are questioning when the government may relax its anti-speculation curbs.
Private residential prices in the city-state dipped 1.1 percent on quarter in the April-to-June period, according to a flash estimate released by the Urban Redevelopment Authority (URA) on Tuesday, marking three consecutive quarters of falling prices. Prices fell 1.3 percent and 0.9 percent in the previous two quarters.
And a host of factors including increased supply, rising mortgage rates and a weak rental market are expected to push property prices lower over the course of 2014-2015.
"Combined, we believe these [factors] will exert further pressure on property prices in the mid-term," Tan Xuan, analyst at Malaysia-based lender CIMB wrote in a note.
CIMB forecasts prices to fall 10-15 percent over this period, while Barclays expects a 5-15 percent decline in 2015.
Despite the looming risk of a correction, analysts say the government is unlikely to take its foot off the break until next year, citing recent comments by the Ministry of National Development (MND).
On Monday, the MND said it's still too early to roll back property cooling measures given prices have remained relatively stable even though home sales have declined.
"Any reversal of policy measures in 2014 remains unlikely in the context of the moderate price declines that have played out thus far," said Adrian Chua, analyst at Citi.
Since 2009, the government has imposed seven rounds of measures to cool the property market, including tighter loan requirements and higher stamp duty rates for buyers. However, they failed to take the heat out of the market.
While private home prices have eased in the recent months, they are still 57 percent above 2009 levels, according to Barclays.
Tricia Song, analyst at Barclays has also ruled out a rollback of cooling measures, noting that the MND's statement affirms her belief that "the government will only start unwinding measures when prices fall a steeper 10-15 percent, perhaps in 2015."
Singapore is home to one of the world's most expensive real estate markets, with the city's scarcity of land and popularity as an investment destination in the region precipitating a swift rise in prices over the past two decades.
As a result, many Singaporeans now feel they have been priced out of the market, making housing affordability a priority for the government.