By Dan Burns (Reuters) -Sales of previously owned U.S. homes ticked unexpectedly higher in July, but the pace of sales remains sluggish amid affordability issues for buyers thanks to high house prices and interest rates on mortgages. Home sales rose 2.0% last month to a seasonally adjusted annual rate of 4.01 million units from 3.93 …
US existing home sales tick up unexpectedly in July Read More »
By Davide Barbuscia NEW YORK (Reuters) -S&P Global Ratings’ decision to affirm its U.S. credit rating factored in tariff revenues, but questions remain on the economic outcome of U.S. trade policies that could influence the country’s rating in the next few years, the primary analyst on the U.S. said. S&P on Monday affirmed its “AA+” …
Economic impact of tariffs will be key for US rating, says S&P analyst Read More »
(Reuters) -Self-driving vehicle startup Nuro closed its late-stage funding round on Thursday, raising $203 million at a $6 billion valuation from new investors Uber and Nvidia alongside returning backers. The latest tranche of $97 million follows the $106 million announced in April, which included investors such as T. Rowe Price, Fidelity, and Tiger Global. The …
Self-driving vehicle startup Nuro valued at $6 billion in late-stage funding round Read More »
JACKSON, Wyoming (Reuters) -Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank’s 2% target and the labor market still in solid shape. “I think we’re in a really good spot and I think we really have to have very definitive …
Fed’s Schmid says no urgency to cut interest rates but more data to come Read More »
(Reuters) -U.S. President Donald Trump’s tariff decisions since he took office in January have shocked financial markets and sent a wave of uncertainty through the global economy. Here is a timeline of the major developments: February 1 – Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding …
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets U.S. tech stocks seem to have found a level following two days of sharp pullbacks, but the Treasury market was unnerved by the latest Federal Reserve drama just as everyone awaits the central bank’s annual …
Morning Bid: Tech fright calms but Fed pressure grows Read More »
By Summer Zhen and Rae Wee HONG KONG/SINGAPORE (Reuters) – Wealthy Asian families and family offices are ramping up their cryptocurrency investments, driven by the bullishness around digital assets, increased mainstream adoption and favourable regulatory developments in key markets. Wealth managers said they are receiving more enquiries, cryptocurrency exchanges have seen trading volumes surge and …
Asia’s wealthy investors seek more crypto in portfolios Read More »
(Reuters) -One last time since President Donald Trump nominated him to lead the U.S. central bank in late 2017, Federal Reserve Chair Jerome Powell on Friday will walk through the Jackson Lake Lodge’s expansive lobby, past the taxidermied grizzly bear, and into a ballroom lighted with elk-antler chandeliers to deliver a speech at the global …
Factbox-How Fed Chair Powell has used Jackson Hole to signal what’s next Read More »
(Reuters) -McDonald’s and its franchisees agreed to discount eight popular combo meal offerings by 15%, and offer $5 and $8 specials, the Wall Street Journal reported on Wednesday, as restaurants look to attract diners worn down by economic woes. The move follows weeks of discussions between McDonald’s and restaurant operators, including the company offering financial …
McDonald’s to offer discounted combo meals, WSJ reports Read More »
By Roushni Nair (Reuters) -Bearish bets on China’s yuan hit their highest since mid-May, with analysts turning short for the first time amid mounting concerns over the economy, a Reuters poll showed on Thursday. China’s economy lost steam in July, with retail sales rising just 3.7% year-on-year, well below the 5.9% growth expected in a …
