Fed's Harker says high interest rates closing off housing for new buyers
By Michael S.
Today: May 01, 2024
Economy
Fed's Goolsbee says fall in US inflation is not just a blip- FT
(Reuters) - Chicago Fed president Austan Goolsbee said it is "undeniable" that the slowdown in U.S. inflation is a trend rather than a momentary blip, despite a recent string of economic data showing
Marketmind: Stocks break higher, but for longer too?
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Fed's Harker says Fed should not be considering more rate increases
NEW YORK (Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central bank should not create new pressures in the economy by increasing the cost of borrowing.
Marketmind: China GDP eyed as global cross currents swirl
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Arkansas orders Chinese-owned seed producer Syngenta to sell US farmland
By Tom Polansek CHICAGO (Reuters) - Arkansas ordered Syngenta to sell 160 acres (65 hectares) of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a
Marketmind: Markets buckle under bond yield weight
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A sea of red across world stock markets and another surge in U.S.
US existing home sales drop to 13-year low in September
WASHINGTON (Reuters) - U.S. existing home sales dropped to a 13-year low in September as surging mortgage rates and tight supply combined to reduce affordability for many first-time buyers.
Taliban says plans to formally join China's Belt and Road Initiative
By Joe Cash BEIJING (Reuters) - The Taliban administration wants to formally join Chinese President Xi Jinping's huge 'Belt and Road' infrastructure initiative and will send a technical team to China
Hong Kong may seek to kick-start ailing property market in policy address
By James Pomfret and Clare Jim HONG KONG (Reuters) - Hong Kong is expected to announce lower stamp duties for some property transactions in an annual policy statement on Wednesday that will focus on
White House says US supplemental spending request this week to address child care, disaster relief, other priorities
WASHINGTON (Reuters) - The White House will request another supplemental spending package this week to address child care, disaster relief, and other priorities, White House spokesperson Karine Jean-
U.S mortgage rates soar to highest in more than 23 years
(Reuters) - The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase and driving mortgage applications to
S&P 500, Nasdaq end sharply lower as Alphabet disappoints, Treasury yields bounce
By Stephen Culp NEW YORK (Reuters) - U.S. stocks tumbled in a broad sell-off on Wednesday as Alphabet shares slid after the Google parent posted disappointing earnings and as U.S.
Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status
Hong Kong’s leader has cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub
Potential industry slowdown in toy sales weighs on shares of Hasbro and Mattel
Hasbro’s third-quarter revenue performance missed Wall Street’s expectations and the company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors
Analysis-Soaring Treasury yields threaten long-term performance of US stocks
By Lewis Krauskopf NEW YORK (Reuters) - Soaring U.S.
Argentina says fuel shortages should ease soon, imports arriving
BUENOS AIRES (Reuters) - The Argentine government and oil companies on Saturday said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused
Second home sales slide in pandemic-era vacation hot spots
By Amina Niasse NEW YORK (Reuters) - U.S. vacation home sales have fallen by nearly three-quarters from their frenzied pace three years ago as an inventory shortage spawns a wrenching correction in
Goldman Sachs no longer sees U.S. govt shutdown in 2023
(Reuters) - Goldman Sachs removed its forecast for a U.S. government shutdown this year given new geopolitical risks and the election of a speaker at the House of Representatives, but warned of risks
Marketmind: Market bounce sets up Fed-dominated week ahead
A look at the day ahead in U.S. and global markets from Mike Dolan Another Monday bounce in world markets sets up a Fed-dominated week ahead - although the U.S. central bank may not yet have a great
Marketmind: Markets hold their nerve amid Mid East trouble
By Wayne Cole (Reuters) - A look at the day ahead in European and global markets from Wayne Cole.
Africa unlikely to follow East Asia's manufacturing growth path -study
WASHINGTON (Reuters) - African countries are less likely to follow East Asia's development model of expanding manufacturing to pull people out of poverty, according to a study that shows a declining
Wall St closes higher on eve of Fed decision; investors assess earnings
By Sinéad Carew and Amruta Khandekar (Reuters) - Wall Street's main indexes ended Tuesday's session with gains as investors looked ahead to the Federal Reserve's monetary policy update while they
Wall St rallies 1%, yen gains vs dollar; talk of BOJ policy tweak
By Caroline Valetkevitch NEW YORK (Reuters) - Global stock indexes advanced on Monday, with U.S. stocks rallying more than 1% after recent sharp declines, while the yen rose to a two-week high against
