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…
Egypt’s pound keeps falling on black market ahead of IMF meeting
By Patrick Werr CAIRO (Reuters) – The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting pressure on…
Exclusive-Chinese grab Russian car market share after Western rivals depart
By Gleb Stolyarov MOSCOW (Reuters) – Chinese brands account for almost a third of Russia’s car market, data shared with Reuters shows, as the sector more than any other shows China’s growing…
UK financial watchdog fines brokers over market abuse controls
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Thursday it has fined inter-dealer brokers BGC Brokers LP, GFI Brokers Limited, and GFI Securities Limited 4.77 million pounds ($5.80 million)for failing to…
FTX founder Sam Bankman-Fried is said to face market manipulation inquiry by U.S. prosecutors – NYT
(Reuters) – U.S. federal prosecutors are investigating whether FTX’s founder Sam Bankman-Fried manipulated the market for two cryptocurrencies this May that led to their collapse and resulted in the implosion of his…
European tech industry loses $400 billion market value, report says
By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – The European tech industry saw $400 billion in value wiped out this year and an 18% decline in venture capital funding, according to…
Goldman Sachs CEO says job market ‘surprisingly tight’
(Reuters) – Goldman Sachs Chief Executive Officer David Solomon said on Tuesday that the job market remains “surprisingly tight” and competition for talent was “as tough as ever” while speaking at the…
Jewish father, son shot in bb-gun drive-by outside Staten Island Kosher market
NEW YORK, NY – New York City Police Department detectives are investigating a possible hate crime against a Jewish man and his son outside a Kosher supermarket on Victory Boulevard in Staten…
India shared a list of products with Moscow for access to Russian market – minister
NEW DELHI (Reuters) -India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as his country seeks to narrow a growing…
Job Growth Shatters Expectations In November As Labor Market Stays Tight
Job Growth Shatters Expectations In November As Labor Market Stays Tight John Hugh DeMastri on December 2, 2022 The U.S. added 263,000 jobs in November, according to the Bureau of Labor Statistics…
Spain’s labour market resilient as unemployment drops in Nov
MADRID (Reuters) -Unemployment fell and net jobs were created in November in Spain, official data showed on Friday, reflecting strength in the labour market despite a slowing economy. The figures follow other…
Emerging market policymakers dare to hope for brighter 2023
(Reuters) – Policymakers in Asia and Africa voiced growing economic optimism at a Reuters conference on Wednesday, chiming with a rally in emerging markets, an expected slowdown in U.S. rate hikes and…
One Bite Pizza, Portnoy just gave this New Jersey flea market pizza a pretty decent review
COLUMBUS, NJ – Who would have thought that one of the better slices of pizza in New Jersey could only be found on weekends at a pizzeria that has been operating out…
Job openings data shows modest progress for Fed’s labor market hopes
By Howard Schneider WASHINGTON (Reuters) – U.S. job openings edged lower in October, moving one closely-watched measure of the labor market in the direction Federal Reserve officials hope to see as they…
Report warns U.S. chip design market share to plunge without government support
By Jane Lanhee Lee (Reuters) – The United States has been a leader in microchip design with dominant companies like Nvidia, Intel and Qualcomm, but it risks a big drop in global…
JPMorgan, UBS and others vie for bigger share of China’s pension market
By Selena Li and Jason Xue HONG KONG (Reuters) – Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up to expand their retirement offerings, as the…
Tesla market share could be dented by cheaper rival EVs – S&P Global Mobility
(Reuters) – Tesla Inc may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options. With electric cars quickly…
Goldman Sachs Issues Stock Market Warning
John Hugh DeMastri on November 28, 2022 NEW YORK, NY – U.S. investors are significantly underestimating the risk of a recession, potentially increasing the impact of a recession next year, economists at…
Deutsche Bank: Equity bear market rally will stretch into 2023, dollar weaker
LONDON (Reuters) – A bear market rally in equity markets will continue into next year before slumping as a recession in the world economy takes hold, Deutsche Bank said in its world…
UK housing market seen facing further ‘mini-budget’ fallout
By Suban Abdulla LONDON (Reuters) – British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous “mini-budget” and…
BOJ to conduct annual survey on climate finance to nurture ESG market
By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways…
At November Fed meeting, officials flagged market resilience amid volatile conditions
By Michael S. Derby NEW YORK (Reuters) – When Federal Reserve officials met at the start of the month to weigh another rate increase, some of them were thinking about what the…
German residential property market faces risk of price drop – DIW study
BERLIN (Reuters) – The German residential property market faces a growing risk of price corrections, the DIW research institute said in a study released on Wednesday. “We are not facing the bursting…
Investors Flee The Housing Market In Troubling Sign For The Economy
Investors Flee The Housing Market In Troubling Sign For The Economy John Hugh DeMastri on November 22, 2022 Investors bought 30% fewer homes in the third quarter of 2022 compared to the…
Emerging market debt ratio climbs back to record highs -IIF
By Rodrigo Campos NEW YORK (Reuters) – Emerging markets’ debt-to-GDP ratio returned to record highs despite a $6.4 trillion decline in the global debt pile to $290 trillion in the third quarter…
Analysis-Mexican companies could resort to more spinoffs to enhance market value
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican companies are spinning off sports, gambling and cell-tower businesses in a bid to revive depressed stock prices, with more such deals likely in the…
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