
Poland to Weigh Green Bond Potential After €1.2 Billion Sale
The Finance Ministry sold €1.2 billion ($1.4 billion) in 12-year securities this week, seizing on 'good market conditions' and 'increased investor demand,' Karol Czarnecki said in a phone interview. Proceeds will be used mostly on energy efficiency, clean transportation and renewable sources, he said, adding that the instruments will be further assessed.
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Bloomberg
38 minutes ago
- Bloomberg
US New-Home Sales Drop By Most Since 2022
A buildup of unsold houses sitting on the market for weeks is becoming a new reality in once-booming housing areas across the Sun Belt, with homeowners listing their homes due to soaring insurance costs and investors culling rental properties. First American Chief Economist Odeta Kushi has more on the story. (Source: Bloomberg)


TechCrunch
an hour ago
- TechCrunch
Lovable on track to raise $150M at $2B valuation
Lovable, one of the darlings of the vibe coding world and one of Europe's fastest-growing AI startups, is working on raising a fresh round of over $150 million at a near $2 billion valuation, the Financial Times reports. The raise and giant step-up in valuation comes just months after the Swedish startup raised a $15 million round led by Creandum in February. The company described that round to TechCrunch as 'pre-series A,' but with numbers this large, it's safe to say that Lovable has jumped from seed rounds to priced growth rounds, whatever the serial alphabetic label should be. Accel is said to be leading this new raise, with Creandum and others like 20VC participating. While the company is technically two years old, founded in 2023, it released its web-app building product in late November. In May, Lovable CEO Anton Osika tweeted that Lovable hit $50 million in ARR in six months. Lovable, like competitors Replit and Bolt, builds entire web apps from an initial text prompt, including a user interface/front end (often via the popular UX coding tool React) and connected to a database like Supabase. Some users say it's affordable, starting at $25 a month for 250 'credits.' One Reddit user documented an app with 29,000+ lines of code and dozens of functions built for $250. On Monday, Lovable announced that it was releasing a beta version of an AI agent that could automate more tasks like editing code after reading project files or debugging. Lovable will charge on a usage-based model for this: the more the agent is asked to do, the more credits it will charge. While this may increase fees for users if they turn over their app management to the agent, this pricing model is shaping up to be the default business model for agents. This is because the AI startups themselves have to pay variable fees to model providers like OpenAI or Anthropic. All this to say, such business model strategies would make investors happy. Accel, 20VC and Lovable did not respond to a request for comment. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW
Yahoo
an hour ago
- Yahoo
Consumer spending is weakening, the job market is getting worse, and investors love it
U.S. stock futures were down marginally by 0.2% this morning following another all-time high by the S&P 500 index yesterday. Macro data is starting to look weaker. Consumer spending was down in May and the job market is getting worse for employees. That suggests the Fed may cut rates in September, analysts say, which would be good for stocks. Consumer spending is weakening. The job market is getting worse for workers. And U.S. stock investors are loving it. The S&P 500 rose 0.52% yesterday, hitting an all-time high for the second day in a row. S&P 500 futures were down marginally by 0.2% this morning, premarket, indicating that investors don't anticipate anything dramatic like a mass selloff. Why the joy amid so much impending misery? Because the deteriorating macro picture suggests that the U.S. Federal Reserve may cut interest rates sooner rather than later. And cheap money is usually good for stocks. The stock market is climbing 'the wall of worry,' as Goldman Sachs put it in a note seen by Fortune. A key event will be this week's U.S. jobs report. Pantheon Macroeconomics expects it to be not great: 'We're looking for a 100K increase in June nonfarm payrolls, due Thursday, with private jobs rising at the same pace, as well as an uptick in the unemployment rate to 4.3%, from 4.2% in May. This would signal the labor market is cooling, albeit too slowly for the FOMC to rush ahead and ease policy this month, before it has had more time to gauge the size of the uplift to inflation from the tariffs,' Samuel Tombs and Oliver Allen told clients, referring to the Federal Open Market Committee. Consumer spending is softening too. It decreased by 0.3%, month on month, in May. If inflation remains low, the Fed may move in September, Goldman said. 'We are pulling forward our forecast for the next [Fed rate] cut to September. We had previously expected a cut in December because we thought that the peak summer tariff effects on monthly inflation would make it awkward to cut sooner. But the very early evidence suggests that the tariff effects look a bit smaller than we expected, other disinflationary forces have been stronger, and we suspect that the Fed leadership shares our view that tariffs will only have a one-time price level effect. And while the labor market still looks healthy, it has become hard to find a job, and both residual seasonality and immigration policy changes pose near-term downside risk to payrolls,' Jan Hatzius and his team told clients in a note. Here's a snapshot of the action prior to the opening bell in New York: S&P 500 futures were down 0.2% this morning, premarket. The S&P 500 rose 0.52% yesterday, hitting an all-time high for the second day in a row. Japan's Nikkei 225 sold off by 1.24% this morning. Hong Kong's Hang Seng was also down, by 0.87%. The Stoxx Europe 600 was headed down marginally in early trading. This story was originally featured on Sign in to access your portfolio