Cheap Mortgages Deter Workers From Relocating for $250,000 Jobs

New plants opening in the US south struggling to fill openings Workers don’t want to give up low-interest mortgages to move Manager recruits in the industrial Midwest are shunning offers to move to the American south — in part because they’re locked into super-low...

A French Fund Manager Beating 97% of Peers Is Shorting L’Oreal

Says L’Oreal is fundamentally ‘good company’ but expensive Carmignac fund is long Adidas, Prada and short Nike, Burberry French cosmetic giant L’Oreal has returned close to 12% annually for the past 20 years, but Malte Heininger, manager of Carmignac’s Long-Short...

Sluggish New Zealand Card Spending Adds to Signs of Weak Economy

New Zealand consumer spending was sluggish in the first three months of the year, indicating the economy remains weak. First-quarter retail purchases on credit and debit cards rose 0.1% from the fourth quarter, when they declined 0.9%, Statistics New Zealand said...

Singapore Economy Expands Slower Than Expected in First Quarter

Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output. Gross domestic product grew 0.1% in the quarter ended March from the prior...

Hedge Funds Are Dumping US Retailer Stocks

Discretionary among most net sold sectors last week: Goldman Retail ETF continues to slide after worst week in over a year Hedge funds are turning more bearish on US stocks and retailers amid uncertainty about how Americans are coping with persistent inflation and...