US new home sales rebound in December as mortgage rate retreat
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New home sales…
Dubai scraps 30% tax on alcohol sales amid economic rebound
DUBAI (Reuters) – Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said…
Carvana shares rebound almost 30%, attracts new watchers on StockTwits
(Reuters) – Shares of Carvana Co rebounded nearly 30% on Thursday, erasing some of the previous day’s deep losses inflicted by worries about the used car seller’s solvency. The surge came as…
Dollar to rebound, accumulate safe-haven strength in 2023: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The dollar will rebound against most currencies over the coming months, with the growing threat of recession in the U.S. and elsewhere keeping it firm in…
U.S. core capital goods orders, shipments rebound strongly in October
WASHINGTON (Reuters) – New orders for U.S.-made capital goods unexpectedly rebounded in October while shipments increased solidly, suggesting business spending on equipment started the fourth quarter on a strong footing despite a…
Greek economy to grow by 1.8% in 2023, rebound hurt by energy crisis
ATHENS (Reuters) -Greece’s economy should grow by 1.8% next year, at a slower pace than initially expected, as soaring energy costs and higher inflation are seen hurting tourism and curbing domestic demand,…
Cotton set for worst day since October on dollar rebound
(Reuters) – ICE cotton futures fell as much as 3.5% on Monday, and were set for their biggest drop in eleven sessions, as a bounce-back in the U.S. dollar dented overseas demand…
Gold to rebound slightly next year as Fed tightening cycle ends: Reuters poll
By Eileen Soreng (Reuters) – Gold prices will average $1,712.50 an ounce next year, rising from current levels, as an end to U.S. interest rate rises is expected to revive investor interest…
China, HK stocks rebound sharply on unverified social media posts over COVID easing
SHANGHAI (Reuters) – Hong Kong and China stocks jumped on Tuesday after rumours based on an unverified note circulating on social media that China was planning a reopening from strict COVID curbs…
S&P 500 adds to mid-October rebound from bear market low
By Noel Randewich (Reuters) – The S&P 500’s over 1% surge on Tuesday adds to two weeks of strong gains as investors speculate that third-quarter earnings reports could help pull the market…
Megacap earnings to test fledgling U.S. stock rebound
By Lewis Krauskopf NEW YORK (Reuters) – Earnings reports from the four biggest U.S. companies by market capitalization in the coming week may test a nascent rally that has seen stocks claw…
Thai industrial sentiment at near 3-year high in Sept on tourism rebound
BANGKOK (Reuters) – Thailand’s industrial sentiment rose for a fourth straight month in September, reaching the highest level in 32 months, bolstered by improved domestic demand and a recovery in the crucial…
India economic growth to be sustained by consumer spending rebound, says govt review
MUMBAI (Reuters) – A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August…
Stocks rebound shows the devil in the retail: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – Retail investors are back. In fact, they never went away. The recent rebound on Wall Street has been partly credited to strong buying by traditionally…
Analysis-As earnings support U.S. stock rebound, worries over future profits grow
By Lewis Krauskopf NEW YORK (Reuters) – Stronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential risks ahead for profits that could sap…
More pain or rebound? Investors brace for retail earnings
By Uday Sampath Kumar and Siddharth Cavale (Reuters) – Walmart Inc and Target Corp kick off retail earnings this week, and what the two biggest U.S. retailers say about consumers will likely…
Greece says tourism rebound will help ease cost of energy crisis
ATHENS – Greece is having a better-than-expected summer tourism season and this year’s revenues will help alleviate the impact of soaring energy prices on society, government spokesman Giannis Oikonomou said on Thursday.…
Inflation, gas supply concerns end German services sector rebound -PMI
BERLIN – Germany’s services sector saw its six-month expansion come to an end in July as higher prices and growing concerns over gas supplies put the brakes on a post-lockdown rebound, a…
Analysis-Investors gauge U.S. stocks rebound: ‘suckers’ rally’ or market bottom?
By David Randall NEW YORK – As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long U.S. stock market rally that followed a…
Israel’s El Al restores Boeing 777s to service amid rebound in travel demand
JERUSALEM – Israeli airline El Al said on Sunday it was returning Boeing 777-200ER aircraft to its fleet to meet high travel demand during the summer. Israel’s flag carrier sidelined six 777s…
China summer railway travel expected to rebound as COVID curbs ease
BEIJING – As China loosens its months-long COVID-19 curbs, railway travel is expected to see an uptick in passengers just in time for the summer transport season, which starts on July 1.…
U.S. pending home sales unexpectedly rebound in May
WASHINGTON – Contracts to buy U.S. previously owned homes unexpectedly increased in May after declining for six straight months, but higher mortgage rates are cooling demand for housing. The National Association of…
Some long COVID patients still have virus in the blood; Paxlovid rebound patients may need longer treatment
By Nancy Lapid (Reuters) – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that has yet to…
Marketmind: One investor’s rebound is another’s bear rally
A look at the day ahead in markets from Julien Ponthus. What a difference a week makes! With the Dow Jones snapping out of its longest weekly losing streak in nearly a…
Air Canada sees business travel rebound as early as Sept., executive says
MONTREAL – Air Canada sees higher-margin business travel coming “quite close” to pre-pandemic levels by as early as September, in the latest encouraging sign for the once hard-hit sector, a top executive…
China oil imports rebound in April, but weak fuel demand weighs on refiners
By Chen Aizhu SINGAPORE – China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in three months, although weakening fuel demand due…
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