Singapore Home Price Rises Slow, Rents Fall as Market Cools
Slowing economy may weigh on prices in coming months Rents remain high despite second quarter of declines Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam. Prices for private residences rose...
Microsoft-Backed Rubrik Leads Debut Trio Setting Steady IPO Pace
Cloud and data security company’s shares rise 16% on first day Plane parts maker Loar soars in debut while Marex treads water Rubrik Inc. rose 16% in its trading debut after the cloud and data security startup backed by Microsoft Corp. topped its fundraising goal with...
Why the World Needs More Copper — a Lot More Copper
Avoiding a climate catastrophe is often portrayed as a question of political will. Yet the push to reduce carbon emissions is also a daunting technical and societal challenge. Retooling power and transportation systems to run on renewable energy will require far...
The economy seems weaker than advertised, and inflation is still running hot—it’s the ‘worst of both worlds’
Economists were thrown for a loop on Thursday after new data revealed evidence of persistent inflation and a growth downshift in the U.S. Real gross domestic product (GDP) rose just 1.6% from a year ago in the first quarter, the Bureau of Economic...
Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading
Oracle is moving to Nashville to be closer to health sector Austin suffering a slowdown in growth after pandemic boom Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office...
US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes
GDP advances an annualized 1.6%, slower than all projections First-quarter core inflation measure accelerates to 3.7% rate US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong...
Tiny Islands Look to Space to Save Them From Global Warming
Hello, I’m Bruce Einhorn in Hong Kong and welcome to Bloomberg’s weekly newsletter about the new space economy. Small nations are making impassioned pitches to space ventures that they need more services to survive. But first ... Three things you need to know today:...
PepsiCo Boosted by International Growth as US Sales Drop
North American food and drinks units suffer decline in volume Quaker Oats sales plunge 24% after salmonella-scare recall PepsiCo Inc. posted stronger-than-expected sales growth thanks to robust demand in its international divisions, while volumes dropped in North...
JPMorgan warns stock market sell-off has ‘further to go’
Stocks rebounded from their recent slump on Monday, but some bearish Wall Street strategists still see concerns that aren't going away anytime soon for investors. With expectations that the Federal Reserve will cut interest rates fading, signs of inflation remaining...
Profit momentum of Big Six tech companies to ‘collapse’ over 2024, UBS says
Profit growth momentum of the so-called Big Six technology stocks could "collapse" over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies. Growth in earnings per share (EPS) of the "Big 6 TECH+"...
Global Influencer Marketing Platform Analysis Report 2024: Market to Reach $94.21 Billion by 2029 from $17.98 Billion in 2023, Driven by Integration of AI-driven Solutions and Authentic Influencing
The "Global Influencer Marketing Platform Market: Analysis By Component, By Application, By Organization Size, By End Use, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2029" report has been added to ResearchAndMarkets.com's offering. The global...
Magnificent Seven Earnings Arrive With Stocks at Critical Moment
Big tech shares shed over $930 billion since Nasdaq 100 peak Hopes high for Nvidia results despite worst fall in four years Big Tech earnings arrive next week, right in time for investors looking for an artificial intelligence-powered rebound in the slumping S&P...
Traders Are Cashing Out of Markets En Masse
Traders just pulled billions out of stocks and junk bonds Elevated market valuations are now stirring investor angst The great market rally of 2024 looks dangerously close to unraveling as Wall Street’s once-invincible bull brigade begins to withdraw its winnings....
Tech Stocks’ Biggest Weekly Rout Since 2022 Roils Markets
US equities sold off sharply on Friday, sending tech stocks to the biggest weekly loss in 17 months, due to tensions in the Middle East and worries over the outlook for interest rates. The S&P 500 index closed down 0.9%, dropping for the sixth straight session and...
