By Safiyah Riddle (Reuters) – U.S. housing vacancy rates edged lower in the second quarter, according to a government report on Wednesday, intensifying a nationwide housing shortage that has propped up rents and home prices against the downward pressure of high mortgage rates. The national homeowner vacancy rate was 0.7%, little changed from a record-low …
U.S. housing availability rate slips in second quarter Read More »
By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy plans to set up a fund with at least 2 billion euros ($2.2 billion) at its disposal to bolster strategically important supply chains, a draft bill seen by Reuters showed. The “Made in Italy” fund will have an initial endowment of 700 million euros in …
Italy plans $2.2 billion fund to support key supply chains Read More »
(Reuters) – Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have warned of slowing earnings in China as the world’s second-largest economy loses its post-pandemic bounce. The rebound has been limited to a handful of sectors such as travel, dining and luxury goods, driving double-digit China sales growth for …
Major global firms warn of slow China sales as post-pandemic surge fades Read More »
By David Lawder WASHINGTON (Reuters) -Biden administration officials complained on Tuesday about ratings agency Fitch’s downgrade of the top U.S. government credit rating, saying the group used flawed methodology and ignored a resilient economy. Leading the charge was U.S. Treasury Secretary Janet Yellen, who issued a statement declaring “I strongly disagree with Fitch Ratings’ decision” …
Biden officials protest ‘bizarre’ Fitch downgrade, cite Trump-era woes Read More »
By Davide Barbuscia (Reuters) -Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over …
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’ Read More »
BEIJING (Reuters) – China’s finance ministry on Wednesday unveiled a package of tax relief measures to support small businesses and rural households, as the world’s second-largest economy struggles with a post-COVID recovery. Amid weak demand both at home and abroad, China’s economic recovery has lost steam since April, adding pressure on policymakers to revive the …
China releases package of tax relief measures to support small firms Read More »
By Simon Jessop and Huw Jones LONDON (Reuters) – Is Ford doing a better job of cutting emissions than rival Toyota? Is BP greener than Shell? For investors looking to weed out climate laggards from portfolios, these are vital questions but existing guidelines on emissions reporting and new rules due to come in for the …
For investors, green companies still hard to find with new emissions reporting rules Read More »
A look at the day ahead in European and global markets from Brigid Riley Fitch delivered the markets a doozy of a surprise with an unexpected downgrade of the U.S. government’s credit rating, by one notch to AA+ from AAA, citing concerns over governance and U.S. debt. The U.S. government naturally delivered some sharp comebacks …
Marketmind: Markets shake off surprise US credit downgrade Read More »
By Echo Wang (Reuters) – The S&P 500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies’ earnings reports later this week. U.S. stocks ended July on a strong footing, as investors welcomed better-than-expected earnings. Support also came from hopes of a soft …
S&P 500, Nasdaq end lower on first day of August in busy earnings week Read More »
By Medha Singh and Chibuike Oguh (Reuters) -Shares of Tupperware Brands Corp, Yellow Corp and other U.S. companies have soared in recent days, reminding analysts of so-called “meme stock” rallies in which strong demand from retail investors fueled huge gains in stocks that had fallen out of favor on Wall Street. Shares of trucking company …
Huge rallies boost Tupperware, Yellow shares into ‘meme stock’ club Read More »
