US New-Home Sales Unexpectedly Increase to a One-Year High
US new-home sales unexpectedly increased in March to the highest level in a year, suggesting an easing in mortgage rates is helping the housing market find some footing.
Bloomberg Business
Apollo Says Anti-ESG Backlash Warrants Caution: BNEF Update
The opportunities and challenges of the global energy transition are driving discussions on the second day of the BNEF Summit in New York. The push to slash emissions is expected to attract $196 trillion in investments through 2050, according to BloombergNEF.
South Africa at Risk of Becoming ‘Failed State’, Ex-Central Banker Mminele Says
The chorus of business executives warning South Africa to revive economic growth or risk becoming a failed state is getting louder.
Teck Spinoff Is Backed by Canada Pension After Website Error Fixed
Canada’s largest pension fund says it will vote for Teck Resources Ltd.’s plan to split the mining company after a “technical error” last week caused it to state the opposite.
Blackstone Says Inflation Boosts Energy Transition: BNEF Update
The opportunities and challenges of the global energy transition are driving discussions on the second day of the BNEF Summit in New York. The push to slash emissions is expected to attract $196 trillion in investments through 2050, according to BloombergNEF.
US Home-Price Gains Cool as Buyers Squeezed by Higher Rates
Annual home-price gains in the US eased in February as higher borrowing costs pressure buyers.
‘I Expected to Work in an Office:’ Engineers Recruited by Carmakers End Up on the Assembly Line
Mexican nationals recruited to work white-collar jobs at Hyundai and Kia plants in Georgia instead ended up on the factory floor, lawsuit alleges.
GM Raises 2023 Guidance as Demand Surpasses Expectations
General Motors Co. beat first-quarter profit estimates and raised its full-year earnings and cash-flow guidance, but indicated pricing power is waning for some models and that costs for commodities such as steel are higher than expected.
Biden Makes It Official: He’s Running Again in 2024
President Joe Biden formally announced that he would seek reelection in 2024, readying a historic campaign against a Republican field dominated by his predecessor while economic uncertainty clouds his case for a second term.
3M to Cut 6,000 Jobs in CEO’s Latest Move to Blunt Sliding Sales
3M Co. is cutting another 6,000 jobs as the manufacturer steps up its efforts to pare expenses and turn around its ailing operations.
