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…
USMCA trade panel rejects US complaint about access to Canada dairy market
OTTAWA (Reuters) – A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy…
There’s A Sign The Housing Market May Finally Be Thawing
There’s A Sign The Housing Market May Finally Be Thawing Will Kessler on November 22, 2023 Applications for mortgages ticked up to a six-week high for the week ending on Nov. 17…
In market share battle, FedEx and UPS target retail returns
By Lisa Baertlein LOS ANGELES (Reuters) – As FedEx and United Parcel Service battle for market share in a delivery demand downturn, they are expanding returns services aimed at helping retailers slash…
Marketmind: AI buzzes but market shrugs at Nvidia beat
A look at the day ahead in U.S. and global markets from Mike Dolan The mercurial world of artificial intelligence continues to grab most market headlines into the U.S. Thanksgiving holiday, while…
Fitch cuts Swedish SBB rating over tight liquidity, weak market
By Louise Rasmussen COPENHAGEN (Reuters) – Fitch on Wednesday downgraded Swedish property company SBB’s long-term issuer default rating to CCC+ from B-, and its senior unsecured debt rating to B from B+,…
Global smartphone market sees growth after over 2 years in October – Counterpoint
(Reuters) – The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research.…
HP forecasts downbeat first-quarter profit amid slow PC market recovery
By Samrhitha A (Reuters) -HP Inc on Tuesday forecast first-quarter profit below Wall Street estimates but maintained annual earnings outlook, a sign that demand in the personal computers market is still recovering,…
Argentina’s black market currency traders brace for uncertainty
By Alexander Villegas BUENOS AIRES (Reuters) – In downtown Buenos Aires a small group of black market money traders, known as “arbolitos” – or little trees – shouted for business on Monday,…
Structural demand for US debt strong despite bond market volatility – Moody’s
(Reuters) – The structural demand for U.S. debt which underpins the dollar-based global financial system remains strong against the backdrop of recent Treasury market volatility, Moody’s Investors Service said on Monday. The…
Column-High yield bond market may hold less junk than before: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – The U.S. high yield bond market is the dog that has rarely barked, never mind bitten, during the Federal Reserve’s most aggressive interest rate-raising campaign…
Retail traders cash out as market rallies on bets of end to rate hikes
By Medha Singh (Reuters) – U.S. retail traders rushed to lock in gains from a share rally sparked by signs of cooling inflation, looking to recoup losses in their portfolios from a…
Mexican lawmakers OK stock market reform bill
MEXICO CITY (Reuters) – Mexico’s lower house on Wednesday passed a bill aimed at revamping national stock exchanges, a long-awaited move meant to boost trading following a spate of delistings from the…
US bond rally points to more affordable housing market
By Amina Niasse NEW YORK (Reuters) – Growing confidence that U.S. bond yields have hit their peak and could head lower from here looks set to make the housing market more affordable…
China is eyeing $137 billion of new funding to boost housing market – Bloomberg News
(Reuters) – China plans to provide at least 1 trillion yuan ($137.22 billion) of low-cost financing to the nation’s urban village renovation and affordable housing programs, Bloomberg News reported on Tuesday, citing…
Yellen: no impact on US Treasury market from ICBC hack
By Ann Saphir and David Lawder SAN FRANCISCO (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said the ransomware attack on the Industrial and Commercial Bank of China that disrupted China’s…
US to re-open market to beef exports from Paraguay after 25-year hiatus
ASUNCION (Reuters) – The United States will next month reopen its doors to exports of Paraguayan beef after a quarter of a century, the U.S. embassy in Paraguay said on Thursday, as…
China smartphone market perks up as sales of new Xiaomi model off to roaring start
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Xiaomi’s sales of more than 1 million units of its latest flagship smartphone in the week since its launch are a fresh sign…
Novo Nordisk to discontinue Levemir insulin in U.S. market
(Reuters) – Novo Nordisk said on Wednesday it would discontinue its long-acting insulin Levemir in the United States, citing manufacturing constraints, reduced patient access and available alternatives. The Danish drugmaker said supply…
Sberbank CEO expects ‘serious cooling’ in Russian mortgage market
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s biggest bank Sberbank expects a sharp cooling of the mortgage market following an expected 80% rise in mortgage lending this year, CEO German Gref said…
Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue report
HONG KONG (Reuters) – China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take…
Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll
By Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Emerging market currencies will take well into next year to start making noticeable gains against a retreating U.S. dollar, despite a growing view…
Embraer hopeful E2 jets can break into U.S. market, CEO says
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer has been trying to sell U.S. carriers on the merits of its E195-E2 jet as a “small narrow-body”, even as demand in…
GlobalFoundries projects profit above estimates in positive sign for chip market
(Reuters) – Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts’ estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. The company’s shares rose 4.5%…
Prefabricated home shipments on the rise in a pricey property market
By Amina Niasse NEW YORK (Reuters) – Some Americans who have been priced out of the tight residential real estate market are turning to prefabricated homes, helping to power a nascent recovery…
China’s clashing priorities behind rare money market distress
SHANGHAI/SINGAPORE (Reuters) -China’s attempts to keep the yuan from falling contributed to last week’s chaos in money markets, sources involved say, pointing to the pressure behind the scenes as Beijing tries to…
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