Jul 23, 2024 | Markets
June closings fell to 3.89 million rate, below all estimates Prices hit another record even as supply continued to rise Existing-home sales in the US slumped to one of the slowest paces since 2010 in June, as sellers wait for mortgage rates to fall further and buyers...
Jul 19, 2024 | Markets
Stock market crashes can leave positive legacies in their wake — even though they cause plenty of immediate pain. In the US, stock market crashes led to the creation of the Federal Reserve System, the SEC, and the FDIC. While the triggers for stock market crashes...
Jul 19, 2024 | Markets
Marketing costs expected to jump 15% this year, company says Full-year profit guidance climbs after sale of Accertify American Express Co. said it’s planning to increase spending on marketing even as billings growth on the company’s credit cards slowed in the second...
Jul 19, 2024 | Markets
European stocks fell for a fifth day as a series of technical glitches swept around the world, hitting trading, travel and support services. The Stoxx 600 Index ended the session with a loss of 0.8% to notch its worst week since October. Travel and leisure stocks were...
Jul 19, 2024 | Markets
Central bank leaves benchmark interest rate at 19.5% Expects improved supply of consumer goods to ease inflation Angola’s central bank surprised financial markets by leaving borrowing costs unchanged on expectations that inflation will start to ease from August. The...
Jul 19, 2024 | Markets
Metals driven lower as Beijing refrains from major stimulus Global copper inventories have ballooned in recent months Copper headed for its biggest weekly loss since 2022 and iron ore extended a slump toward $100 a ton as a policy meeting in China failed to lay out...
