Lavish $2M Mediterranean estate hits the market in Toms River comes complete with urban legend tied to Derek Jeter
Toms River, NJ – A sprawling Mediterranean-inspired mansion, long rumored to have ties to New York Yankees legend Derek Jeter, is on the market in Toms River with a $1.99 million price…
Emerging market equity fund inflows outpace developed market rivals
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a relatively more favourable…
Mazda needs China strategy overhaul to keep up with market, CEO says
TOKYO (Reuters) – Japan’s Mazda Motor needs to overhaul its strategy in China where it is fighting to keep up with “severe” competition from domestic players, the automaker’s chief executive said on…
UK buyers retreat from housing market, further slowdown seen – RICS
By Suban Abdulla LONDON (Reuters) – Britain’s housing market showed signs of a slowdown in June and property surveyors expect activity to remain subdued as higher borrowing costs hit new buyer enquiries,…
Options hedges against a break in US stock market calm at record high
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are taking advantage of muted U.S. stock market gyrations to load up on contracts that would jump in value should equities see…
Explainer-Why is the U.S. SEC reforming money market funds?
By Michelle Price WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday finalized long-awaited regulations to improve the resilience and transparency of the roughly $5.5 trillion U.S. money market…
India’s Vedanta to enter the chip market this year after Foxconn split
BENGALURU (Reuters) -India’s Vedanta will enter the market for the manufacturing of chips and displays this year, group chairman Anil Agarwal said on Wednesday, days after its joint-venture partner Foxconn pulled out…
US SEC removes ‘swing pricing’ from money market fund overhaul plan -Bloomberg News
(Reuters) – Money market funds are set for a reprieve on “swing pricing” when Wall Street’s top regulator votes on Wednesday to help control systemic risk in the money market and large…
Market heavyweights dip ahead of Nasdaq 100 rebalance
(Reuters) – Shares of Apple, Microsoft and other heavyweight companies dipped on Monday after Nasdaq Inc said it would rebalance its Nasdaq 100 index to address the benchmark’s “overconcentration.” Apple dropped 1.1%,…
China central bank extends policies for financial support of real estate market
BEIJING (Reuters) – China’s central bank on Monday extended until the end of 2024 some policies in a November rescue package to shore up the real estate sector, with current supports for…
UK jobs market cools again, pay growth weakest since April 2021: REC
LONDON (Reuters) – Pay pressures in Britain’s labour market cooled further in June, according to a survey of recruiters published on Monday that could help ease some of the Bank of England’s…
China-led EV boom in Thailand threatens Japan’s grip on key market
By Devjyot Ghoshal and Pasit Kongkunakornkul BANGKOK (Reuters) – Thailand’s Siam Motors partnered with Nissan Motors in 1962 with a factory that rolled out four cars a day, leading to a profitable,…
New Super PAC Linked To Conservative Free Market Group Formed To Sink Trump’s Nomination
New Super PAC Linked To Conservative Free Market Group Formed To Sink Trump’s Nomination Arjun Singh on July 7, 2023 Club for Growth officials are involved with a new super PAC focused…
Market surveys show Wall Street expected less hawkish Fed outlook
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve forecasts released at the June monetary policy meeting laid out an outlook that was more hawkish than what Wall Street’s biggest banks…
ESG equity funds suffer big outflows, buffeted by market jitters and U.S. backlash
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to end-June, dragging…
Australian broker Openmarkets fined $3 million for ‘market integrity’ violations
(Reuters) – Openmarkets Australia Ltd was fined a record A$4.5 million ($2.99 million) after a panel found the retail broker in violation of numerous market integrity rules, the country’s corporate regulator said…
China’s FX market stable, cross-border flows basically balanced – state media
SHANGHAI/SINGAPORE (Reuters) – Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China’s foreign exchange market remain stable and cross-border capital flows are basically balanced, a state…
Analysis-Out-of-sync U.S. stocks hide market risks
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks’ tendency to move in sync has plunged to near-record lows, but what might seem like a stock picker’s dream may actually be…
Marketmind: Midyear market mettle, Nike clipped
A look at the day ahead in U.S. and global markets from Mike Dolan The glass appears half full at half time. The U.S. economy and markets look to be in rude…
Brick farmer’s market continues on Saturday
BRICK TOWNSHIP, NJ – For a delightful shopping experience filled with a diverse array of goods, make your way to the Brick Farmers Market. From May 6 to September 30, 2023, this…
Howell Boston Market evicted again
After being closed for months after an eviction, the recently reopened Howell Boston Market is out again. A letter of eviction was slapped on the door of the Route 9 restaurant and…
Tesla to hit record quarterly sales in China even as market share shrinks – analysts
SHANGHAI (Reuters) – Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the…
Marketmind: Beijing leaves market guessing on yuan
A look at the day ahead in European and global markets from Wayne Cole. The People’s Bank of China seems to like being enigmatic, throwing the market a curve ball as it…
Cocaine market is booming as meth trafficking spreads, U.N. report says
VIENNA (Reuters) – Cocaine demand and supply are booming worldwide and methamphetamine trafficking is expanding beyond established markets, including in Afghanistan where the drug is now being produced, a United Nations report…
MSCI keeps eye on Nigeria market classification after recent FX changes
NEW YORK (Reuters) – MSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to standalone market from frontier market after recent changes to foreign exchange trading,…
Bond market divergence from Fed entrenched in U.S. yield forecasts: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled by Reuters forecasting short-dated yields to fall…
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