US commercial real estate prices fell in the first quarter for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress in the banking industry.
Take Two Interactive Software Inc., known for the Grand Theft Auto video-game franchise, soared in extended trading after beating quarterly sales estimates and hinting of a release date for a new version of its wildly popular action-adventure title.
The stock market climbed on speculation that a narrower group of Washington negotiators will break a deadlock on raising the US debt ceiling and avoid an unprecedented default.
Just before midnight on March 29 an assailant dragged a screaming woman away from an apartment block in an upscale Seoul district and bundled her into a car that sped off into the night.
Japanese Prime Minister Fumio Kishida brought the Group of Seven summit to his hometown of Hiroshima to persuade world leaders to scrap nuclear arms. Instead, the US allies are expected to discuss bringing more to the region to deter common foes.
Air China Ltd. has swamped an Australian flight school with a request for commercial pilots, a sudden demand that points to a looming rebound as the vast Chinese market resumes international travel.
WeWork shares slumped 25% to an all-time low Wednesday after an abrupt CEO change prompted analysts at Mizuho to downgrade the co-working real estate company to neutral from buy.
Shares of US regional banks rallied after Western Alliance Bancorp said deposits had grown by more than $2 billion since the quarter’s end, easing worries about the health of US regional lenders.
Homebuilders are capitalizing on a seemingly unquenchable thirst for new housing as buyers struggle with limited inventories and rising mortgage rates.
The amount of funds the US government has to pay its bills rebounded after falling to the lowest level in more than a month, though there’s still a risk it will run out of money by early next month if the debt limit isn’t raised or suspended before then.
