ECB warns about vulnerable property market in euro zone
FRANKFURT – The property market is a “key vulnerability” for euro zone banks as the rise of remote working since the pandemic dents demand for …
Market
Brazil central bank chief says market fears over Lula easing – newspaper
BRASILIA – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da …
Oil hits 7-yr highs as market fears Russian attack on Ukraine imminent
By Stephanie Kelly NEW YORK – Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine’s president declared …
Column-Funds on right side of historic U.S. bond market move: McGeever
By Jamie McGeever ORLANDO, Fla. – Hedge funds look to be on the right side of the seismic moves in Treasuries that have propelled short-dated …
UK housing market heats up in January despite cost pressures – RICS
LONDON – Already rapid house price growth in Britain hit a new six-month high in January but momentum in the housing market could soon fade …
U.S. rate hikes could hit highly dollarized emerging market banks – Moody’s
By Rodrigo Campos NEW YORK – Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to …
James Hardie sets higher profit view as U.S. housing market boom continues
– James Hardie, the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided …
Analysis-Emerging market investors dive for stocks amid Fed storm
By Rodrigo Campos and Marc Jones NEW YORK/LONDON – Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching …
Dashboard of emerging market vulnerabilities to rising global rates
By Patturaja Murugaboopathy and Gaurav Dogra – Poorer ’emerging market’ countries are facing the headwind of rising global interest rates this year, which in the …
Facebook Parent Company To Lose $200 Billion In Market Value After Dropping A Whopping 20%
Ailan Evans on February 3, 2022 Facebook parent company Meta is on pace to lose roughly $200 billion in market value as shares plummeted early …
Omicron Slammed Labor Market With Private Payrolls Falling 301,000 In January
Private firms’ payroll unexpectedly decreased by 301,000 in January as the Omicron coronavirus variant slowed down the recovering labor market, according to the ADP National …
HeidelbergCement fourth-quarter earnings gain beats market view
FRANKFURT – A better than expected increase in fourth-quarter sales and earnings prompted HeidelbergCement to release some results ahead of schedule on Monday. Citing preliminary …
Oil forward curves signal tight market, supporting price rally
By Bozorgmehr Sharafedin LONDON – The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic …
Supply chain crisis, inflation to impact the beer market in 2022 due to rising costs, aluminum shortage
The beer industry is experiencing a shortage in brown glass and aluminum cans and is expecting their alcoholic beverages to be impacted by price hikes …
Apple Soars To $3 Trillion Market Value, Breaking Records
Harry Wilmerding on January 3, 2022 Apple soared to $3 trillion in market value as of Monday, making the tech giant the first U.S. company …
‘A Mad Scramble’: One Rare Mineral May Spell Doom For Electric Vehicle Market
Lithium — a mineral that is key for electric car batteries — continues to rise in price, jeopardizing the ongoing transition to renewable energy outlined …
Stock Market Tumbles As Countries Head Toward Omicron Lockdowns
The stock market tumbled Monday as COVID-19 cases surge worldwide and countries head toward lockdowns triggered by the emerging omicron variant, multiple sources reported. The …
Former Finance Executive Sentenced to 138 Months in Prison for Orchestrating Massive Market Manipulation Scheme
Earlier today, in federal court in Brooklyn, Abraxas J. Discala, also known as “AJ Discala,” the former Chief Executive Officer of OmniView Capital Advisors LLC …
Teens, armed with gun punch and beat man in Market Street bathroom
PHILADELPHIA, PA – On Thursday, December 2, 2021, at approx. 1:25pm, the victim, a 70-year-old-male, was inside 901 Market Street entering the ground level bathroom …
Fire destroys two buildings at Plant City Farm & Flea Market
PLANT CITY, FL – The Hillsborough County Fire Rescue responded to the Plant City Farm and Flea Market where a fire had engulfed two buildings. …
Stock Market Nosedives After Reports Of New COVID-19 Variant
The stock market plummeted Friday following reports that a new, more contagious variant is rapidly spreading in South Africa and parts of Europe. The Dow …
US Home Sales Continued To Grow In October As Housing Market Remains Hot
Home sales in the U.S. grew in October as buyers continue to enter a hot market, according to the National Association of Realtors. Existing …
Former President of Philadelphia Wholesale Produce Market Sentenced to Over 10 Years in Prison for Stealing $7.8 Million from the Company
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Caesar DiCrecchio, 60, of Voorhees, NJ, was sentenced to ten years and one month in …
Jobless Claims Remain Relatively Unchanged Indicating A Tightening Labor Market
The number of Americans who filed new unemployment claims dropped to 268,000 in the week ending Nov. 13 indicating a tightening labor market as employers …
Home Prices Soar In Third Quarter As Housing Market Remains Hot
Median home prices surged in the third quarter of 2021 in almost every housing market in the U.S., the National Association of Realtors said in …
Queens Man Convicted of Securities and Wire Fraud Conspiracies Relating to the Foreign Exchange Market
John Won was convicted by a federal jury in Brooklyn yesterday of all five counts of an indictment charging him with securities fraud, wire fraud …
Leader of Drug Trafficking Organization Sentenced to 20 Years in Federal Prison for Supplying Heroin To Open-Air Market on Chicago’s West Side
CHICAGO — The leader of a drug trafficking organization has been sentenced to 20 years in federal prison for supplying heroin to an illegal open-air …
Boston Man Pleads Guilty to Armed Robbery of North End Market
BOSTON – A Boston man pleaded guilty today in federal court in Boston to the armed robbery of a grocery store in Boston’s North End. …
Southwest Georgian Sentenced to 25 Years in Prison for Operating High-Volume Open Air Illegal Drug “Market”
ALBANY, Ga. – The leader of a high-volume illegal drug trafficking operation located in a southwest Georgia city was sentenced to federal prison. Sherrod Winchester, …
San Gabriel Valley Man Sentenced to 3 Years in Federal Prison for Scheming to Launder Drug Money Via ‘Black Market Peso Exchange’
LOS ANGELES – A West Covina man was sentenced today to 36 months in federal prison for laundering more than $900,000 in drug money …
Record 4.3 Million People Quit Their Jobs In August As Workers See Opportunity In Chaotic Labor Market
A record 4.3 million Americans quit their job in August as retail and bar and restaurant industries saw the largest surge in employees who left …
Sen. Warren Calls For Investigation Into Federal Reserve Officials’ ‘Ethically Questionable’ Stock Market Trades During The Pandemic
Democratic Sen. Elizabeth Warren on Monday called for the Securities and Exchange Commission (SEC) to investigate stock market trades made by Federal Reserve officials. Warren …
Facebook Researched How To Market To ‘Tweens,’ Studied Kids’ Playdates: REPORT
Facebook researched how to market its products and services to preteen users, studying kids’ playdates and developing strategies to address parents’ concerns, according to an …