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WASHINGTON (Reuters) – U.S. existing home sales surged to an eight-month high in November, but higher mortgage rates and house prices remain a constraint heading into 2025. Home sales jumped 4.8% last month to a seasonally adjusted annual rate of 4.15 million units, the highest level since March, the National Association of Realtors said on […]
Mastercard SpendingPulse reports U.S. retail sales excluding automotive increased +3.4% on Black Friday 2023 compared to last year. E-commerce sales showed significant growth of +14.6%, while in-store sales rose modestly by +0.7%. Jewelry, Electronics, and Apparel emerged as top gift sectors, with Apparel showing particular strength in online sales. The […]
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images Shares of key global semiconductor equipment firms jumped on Thursday after a report that the U.S. is considering […]
By Tom Westbrook SINGAPORE (Reuters) -An uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge, while expectations China will approve more government spending lifted Chinese stocks. MSCI’s broadest index of Asia-Pacific shares outside Japan inched 0.3% […]
The number of Americans filing for for unemployment benefits last week jumped to their highest level in a year, which analysts are saying is more likely a result of Hurricane Helene than a broader softening in the labor market. The Labor Department reported Thursday that applications for jobless claims jumped by by 33,000 to 258,000 […]
(Bloomberg) — Stocks rallied across the globe on expectations the Federal Reserve’s half-percentage-point interest-rate cut will protect the world’s largest economy from a downturn. Most Read from Bloomberg US equity futures soared, with a 1.5% gain in S&P 500 contracts putting the underlying benchmark on course to test a record high in the cash market. […]
It was a shocking announcement this morning from Starbucks early Tuesday after the ailing coffee chain announced Chipotle (CMG) chairman and CEO Brian Niccol will become its next CEO, effective Sept. 9. Niccol will assume the position from Lax Narasimhan, who was on the job for less than 18 months. Yahoo Finance Executive Editor Brian […]
In the midst of a crisis surrounding the candidates running for the US Presidential elections, popular content creator MrBeast took to X on Saturday, suggesting that if the age requirements for president were changed, he would “jump in the race.” His post quickly gained traction, amassing over 16 million views and nearly 400,000 likes.At 26 […]
It’s a story as old as a fourth grader, one golf fans know well: Rory McIlroy and The Search for the Elusive Fifth Major. It’s in its 10th printing, dating back to 2015 when, after winning the 2014 Open Championship and PGA Championship, McIlroy took aim at the career Grand Slam and a fifth major […]
Mortgage rates rose above 7 percent for the first time this year, crossing a symbolically concerning threshold that threatens to keep millions of potential home buyers and sellers on the sidelines of a U.S. housing market that is increasingly showing signs of slowing. The average rate on 30-year mortgages, the most popular home loan in […]