Strong US apartment construction suggests slide in rental costs
By Safiyah Riddle A surge in U.S. rental home construction could soften rent prices in the months ahead,
2023-07-19 22:22
Goldman Sachs profits plunge 58% as dealmaking dries up
Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank's business, dry up. The Wall Street titan also felt the pain of a nearly $1 billion reduction in the value of its consumer and real estate businesses.
2023-07-19 21:26
Europe Gas Swings as Heat Risks Overshadow Ample Fuel Supplies
European natural gas prices fluctuated between gains and losses on Wednesday as traders weighed rising storage levels and
2023-07-19 21:23
US single-family housing starts fall in June; permits increase
WASHINGTON U.S. single-family homebuilding fell in June after surging in the prior month, but permits for future construction
2023-07-19 20:53
Bank CEOs are already complaining about new regulations they haven't even seen yet
Earnings season is officially underway, which means the CEOs of America's largest banks get to update the public about the health of their firms and their economic outlooks.
2023-07-19 20:23
Amazon is inundated with shoppers desperately trying to cool off
Consumers are snapping up air conditioners, ice makers, pool floats and other goods to help them cool down in response to a brutal heat wave in the United States.
2023-07-19 19:23
Nigerian Central Bank Is Losing a Battle to Close Naira-Rate Gap
Nigeria’s official currency exchange rate is once again widening a gap with the parallel-market rate, shrugging off a
2023-07-19 17:56
Biden administration unveils draft changes to US merger review guidelines
The Justice Department and the Federal Trade Commission on Wednesday released a set of long-anticipated draft updates to the nation's merger guidelines, introducing potentially comprehensive changes to the way the US government reviews mergers and acquisitions for the first time in more than a decade.
2023-07-19 17:20
Australia's Westpac splits consumer and business banking unit into two
Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with
2023-07-19 15:51
A 16-year-old has died at a Mississippi poultry processing plant, county coroner says
A 16-year-old employee died Friday at a Mississippi chicken processing plant, a county official said. Mar-Jac Poultry said the teen died from injuries suffered in what it described as an "accident" in an emailed statement to CNN.
2023-07-19 09:52
Rio Tinto Iron Ore Shipments Dip as It Faces China Headwinds
Rio Tinto Group, the world’s top iron ore producer, said second-quarter shipments of the steelmaking ingredient fell 1%
2023-07-19 07:26
Americans aren't rebuilding their savings fast enough
A recession could be miles away — or it could be just around the corner. It's the storm that just keeps getting delayed further, but someday in the near future a mild recession will hit, economists predict.
2023-07-19 02:48