(Reuters) -Shares of Zillow Group Inc rose 13% on Friday after the online real estate firm’s fourth-quarter revenue handily beat estimates, helped by a strong performance at its home segment. The segment, which helps customers list their properties for sale, marked an 11-fold rise in revenue as Zillow managed to sell inventory faster and at …
Zillow shares surge as home segment boosts revenue Read More »
(Reuters) – Online real estate platform Zillow Group Inc is selling more properties to New York-based investment firm Pretium Partners as it exits the business of flipping houses, Bloomberg News reported on Friday, citing people familiar with the matter. Pretium recently bought more than 800 properties from Zillow for nearly $300 million and has signed …
Zillow sells more homes to Pretium as home-flipping operation unwinds – Bloomberg News Read More »
(Reuters) – U.S. equity funds lured massive inflows in the week to Feb. 9 as upbeat earnings reports and signs of easing tensions in Ukraine boosted risk appetite. Refinitiv data showed U.S. equity funds drew $14.2 billion in their biggest weekly purchase since Dec. 29, in contrast to outflows witnessed in the previous three weeks. …
By Clara Denina and Helen Reid LONDON/JOHANNESBURG (Reuters) – The incoming chairman of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead an overhaul of the company’s toxic work culture, two people familiar with the matter said. Dominic Barton, a former diplomat who takes up the …
By Mark John (Reuters) – Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start to unwind towards the end of this year. But trade channels have become so clogged up it could be well into next year before …
Analysis-World’s damaged supply chains brace for painful recovery Read More »
By David French NEW YORK (Reuters) – MetLife Inc is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts of its business, people familiar with the matter said. The New York-based insurer is working with an investment bank on the plan, which is …
MetLife explores sale of variable annuity business – sources Read More »
(Reuters) – Global equity funds drew massive inflows in the seven days to Feb. 9 as investors cheered strong earnings results from U.S. and European companies, shrugging off concerns over a rise in bond yields and inflation. Global equity funds lured $24.24 billion in their biggest weekly purchase since Dec. 29, Refinitiv Lipper data showed. …
Global equity funds see biggest inflow in six weeks Read More »
By Helen Reid JOHANNESBURG (Reuters) – France’s Renault and U.S. carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow to an industry that aims to capitalise on demand from electric vehicle and other industries. French President Emmanuel Macron has said deep seabed exploration …
Renault and U.S. carmaker Rivian back moratorium on deep-sea mining Read More »
BERLIN (Reuters) – Mercedes-Benz expects raw material prices and semiconductor shortages to continue to prevent it from meeting strong market demand for its products this year, the carmaker’s Chief Financial Officer Harald Wilhelm said on Friday. Chip capacity is coming back up, and the shortage will ease in the second half, he told analysts on …
Mercedes-Benz CFO sees easing of supply chain woes in H2 Read More »
By Danielle Kaye NEW YORK (Reuters) – Peloton Interactive Inc’s star trainers are proving to be just as valuable as its stationary bikes to help the company survive after the pandemic. Peloton’s sales flourished as people snapped up the company’s in-home fitness equipment when COVID-19 forced businesses and offices to close. Its fortunes faded as …
Peloton’s rabid fans, celebrity trainers key to future Read More »
