Unrealized Capital Gains Tax on Homes Could Decimate the New Jersey Housing Market
TRENTON, NJ (OP-ED) – A recent debate on CNBC over the proposed unrealized capital gains tax took on an even sharper edge when considering its potential impact on states like New Jersey,…
Black Friday Sales Show Modest Increase, E-Commerce Gains Prominence
NEW YORK – Mastercard SpendingPulse reported a 2.5% increase in U.S. retail sales on Black Friday compared to last year, excluding automotive sales. This figure, not adjusted for inflation, fell short of…
US retail ETFs deliver solid Black Friday gains
By Bansari Mayur Kamdar and Suzanne McGee (Reuters) – Exchange-traded funds (ETFs) tracking U.S. retailers moved higher in shortened trading hours on Black Friday, outpacing broader market indexes. While the S&P 500…
US steelmakers set for strong start to 2024 as UAW strike fuels price gains
By Ananta Agarwal and Nathan Gomes (Reuters) – U.S. steelmakers are on course to post higher profits in the first quarter of 2024 as prices spike from a scramble by buyers to…
‘A Marginal Bump’: Strategists Divided On Whether Democrats Will Make Big Gains Over Abortion In 2024
‘A Marginal Bump’: Strategists Divided On Whether Democrats Will Make Big Gains Over Abortion In 2024 Arjun Singh on November 13, 2023 Democrats are seeking to register several abortion-related ballot initiatives in…
Marketmind: Some payback, but bonds hug gains on oil
A look at the day ahead in U.S. and global markets from Mike Dolan World markets are trying to calibrate last week’s steep rally in stocks and bonds – tempering some of…
Marketmind: Stocks set for strongest gains in a year
A look at the day ahead in European and global markets from Vidya Ranganathan. Global stocks are having their strongest weekly rally in a year, global yields are sliding and corporate earnings…
Russian rouble gives up gains after soaring to 3-month high
MOSCOW (Reuters) – The Russian rouble weakened on Tuesday, pulling back after soaring to a three-month high past 92 to the dollar earlier in a volatile session, supported by high interest rates,…
Rouble steadies, locking in gains made after Putin ordered capital controls
MOSCOW (Reuters) – The Russian rouble steadied near 97.5 to the dollar on Friday, locking in the hefty gains made in the previous session after President Vladimir Putin ordered the mandatory sale…
Ukraine says its forces make headway in south, hold gains in east
(Reuters) – Ukrainian forces made some headway in their drive southward as part of a gruelling counteroffensive to recapture areas seized by Russia in its 19-month-old invasion of its neighbour, military officials…
Analysis-US sees big gains if Mideast mega-deal sealed – but at what price?
By Matt Spetalnick and Steve Holland WASHINGTON (Reuters) – The Biden administration is pressing ahead with a concerted effort to strike a “grand bargain” in the Middle East that includes normalization of…
Canada gains 39,900 jobs in August, jobless rate holds at 5.5%
(Reuters) – Canada’s economy gained a net 39,900 jobs in August, largely in full-time work, and the jobless rate held at 5.5%, Statistics Canada data showed on Friday. Employment in the goods…
Euro gains, euro zone bond yields drop as U.S. unemployment rate rises
LONDON (Reuters) – The euro rose against the dollar on Friday and euro zone bonds yields fell after data showed a big increase in the U.S. unemployment rate in August, supporting the…
Hurricane Franklin gains strength, takes aim at Bermuda -US NHC
(Reuters) – Hurricane Franklin is forecast to become the Atlantic’s first major hurricane of the season on Monday and is on track to pass close to Bermuda on Wednesday, the U.S. National…
S&P 500 to end 2023 up 17% but little gains seen between now and year end – Reuters poll
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks will eke out only marginal gains between now and year end, according to strategists in a Reuters poll on Wednesday, who said inflation…
Analysis-US stock gains may grow elusive as boost from inflation slowdown wanes
By Lewis Krauskopf NEW YORK (Reuters) – As inflation worries ease, U.S. stocks may need a fresh source of fuel to propel further gains this year, investors said. Data released on Thursday…
AI mania, financials and energy stocks boost hedge fund gains
NEW YORK (Reuters) – Equity hedge funds ended July with gains of 7.83% so far this year, helped by technology, financials and energy stocks, data provider HFR said on Monday. Equity strategies…
Exclusive-ValueAct names Hale co-CEO, announces partner departures, strong gains -letter
By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is reordering its management team and promoting long-time partner Robert Hale to co-chief executive alongside Mason Morfit as the investment firm focuses more…
Instant view: US jobs growth stays moderate in July, wage gains still strong
NEW YORK (Reuters) – The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in…
Insurer Prudential Financial’s profit rises on strong gains in U.S. unit
(Reuters) – Prudential Financial on Tuesday reported a 21.5% rise in second-quarter adjusted profit as the insurer’s U.S. unit benefited from a higher net investment spread and more favorable underwriting. Its U.S.…
Uranium price ticks up after Niger coup, more gains expected
By Eric Onstad LONDON (Reuters) – The price of uranium has risen only slightly since a military coup in Niger last week as mining operations have continued in the world’s seventh largest…
Indonesia defence minister gains ground with young people for 2024 election
JAKARTA (Reuters) – Indonesian Defence Minister Prabowo Subianto retains an early lead ahead of the 2024 presidential election, with an opinion poll on Sunday showing support for the ex-special forces commander is…
Sirius XM shares pull back after ‘wild’ gains with short squeeze in focus
By Sinéad Carew (Reuters) – Shares in Sirius XM Holdings were down 10.5% on Friday, erasing some of their dramatic gains in the previous day’s session with analysts attributing the volatility to…
Coinbase leads crypto stock gains after Ripple Labs’ legal victory
By Chibuike Oguh NEW YORK (Reuters) – Shares of Coinbase Global Inc surged by nearly 25% on Thursday, ahead of other cryptocurrency and blockchain-related companies, following a landmark legal victory in a…
UK economy shows strains and gains, complicating BoE’s job
By William Schomberg LONDON (Reuters) – Britain’s economy is showing some signs of strain from the Bank of England’s 13 back-to-back interest rate increases, but the jobs market is still generating inflationary…
EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates that have…
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