Author: News Room
The liquidation of Evergrande as ordered by a court this week has raised more questions than answers about how the collapse of the poster child of China’s real estate crisis…
After rising for several weeks, mortgage demand fell last week as buyers faced increased competition for a limited supply of homes.Total mortgage application volume dropped 7.2% compared with the previous…
LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company’s regulatory bargaining power at a time when it faces…
After a nearly two-year battle against high inflation, the Federal Reserve may finally be on the brink of cutting interest rates. Fed officials are widely expected to hold interest…
By Howard Schneider WASHINGTON (Reuters) – In economic projections issued after their December meeting U.S. Federal Reserve officials on balance saw a measure of underlying inflation ending 2024 at 2.4%,…
(Reuters) – China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan as it came under pressure…
By Shariq Khan NEW YORK (Reuters) – A bitter January cold snap that knocked out 15% of Gulf Coast refining capacity had little effect on fuel prices, with two months…
© Reuters. FRANKFURT (Reuters) – Germany’s RAG foundation has written off all of its investments in Rene Benko’s insolvent Signa Group, RAG Chief Executive Bernd Toenjes said in an interview…
The numbers: U.S. mortgage applications fell as home buyers struggled with a low number of home listings and rising home prices. Home-buying demand was dampened due to a persistent lack…
The 2024 Chrysler Pacifica Hybrid is a safe, efficient, and family-friendly minivan with an upscale interior and a 32-mile all-electric range. Pricing starts at $52,495.Chrysler invented the minivan back in…