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…
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 because of a growing cost-of-living squeeze, a…
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 weaker local currencies and increasing withdrawals in…
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 to even higher earnings next year, driven…
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 as the rainmaker of global markets –…
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 past has prompted international investors and their…
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 Thursday. The company’s shares dropped as much…
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 Employment Report. The 301,000 jobs lost in…
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 figures, the German cement maker said quarterly…
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 recovery has sent the premium commanded by…
AT&T Mexico says govt should limit America Movil’s market concentration – paper
MEXICO CITY – AT&T’s top executive in Mexico has urged the government to place limits on its telecom rival America Movil and keep it out of new markets to ensure fair competition,…
Bank of Canada ‘no hike’ leaves housing fire burning, say market watchers
By Julie Gordon and Nichola Saminather OTTAWA – The Bank of Canada’s decision to delay a rate hike for five more weeks will add fuel to Canada’s scorching housing market as buyers…
Swiss banks criticise steps to cool runaway property market
By John Revill ZURICH -Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do nothing to slow rising…
Factbox-How the SEC is cracking down on the equity market after GameStop saga
By John McCrank and Katanga Johnson WASHINGTON – A year after the “meme stock” rally humbled hedge funds and roiled Wall Street, the U.S. Securities and Exchange Commission (SEC) is cracking down…
U.S. small cap stocks may be signalling market bottom
By Caroline Valetkevitch and Chuck Mikolajczak NEW YORK – As the small cap Russell 2000 hovers near bear market territory, some strategists are optimistic the index and U.S. stock market may be…
Australian inflation surges in Q4, market bays for rate hikes
By Wayne Cole SYDNEY – Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs led broad-based price pressures, a shock that…
White House: Biden does not look at stock market to judge economy
WASHINGTON – U.S. President Joe Biden does not look at the stock market as a way to judge the strength or weakness of the U.S. economy, White House press secretary Jen Psaki…
Options market dip-buyers go missing as stock sell-off worsens
By Saqib Iqbal Ahmed NEW YORK – Traders in the options market showed little appetite to bet on an end to the continuing stock market sell-off on Monday, as Wall Street’s most…
Brazil’s sliding stock market makes M&A targets
By Carolina Mandl and Tatiana Bautzer SAO PAULO – A frenzy of talks for mergers and acquisitions has caught some Brazilian bankers off-guard in the early weeks of 2022. With the economy…
Explainer-Russia’s financial health amid geopolitics-driven market sell-off
By Katya Golubkova MOSCOW – Russian assets are under pressure as investors worry about the possible extension of U.S. sanctions or new EU measures targeting officials, banks and the energy sector if…
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 in 2022 due to inflation and the…
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 to break the threshold, multiple sources reported.…
‘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 by Western governments. The cost of lithium…
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 Dow Jones Industrial Average, an index of…
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 (“OmniView”), was sentenced by United States District…
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 when he was approached by 3 unknown…
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