New Home Sales Fall More Than Expected While Inventory Rises
The residential real estate market is responding to high interest rates.
35 Highest Paying Odd Jobs In 2023: There's Money In The Unusual!
Explore salary insights across a spectrum of professions, derived from comprehensive data analysis from leading platforms such as Indeed, Salary.com, Glassdoor, and Zip Recruiter.
Biden Creates Council And Announces Measures To Strengthen Supply Chain
The initiatives comes after supply chain disruptions led to an acceleration of inflation after the pandemic.
Big Tech Stocks Led Wall Street Gains In 2023 — What Is Next?
In recent weeks, small stocks, financials and real estate stocks have led gains on Wall Street as investors bought shares of companies that could benefit from a new investment narrative: declining interest rates and a growing economy.
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Closer To Reality: US Fuels Nuclear Fusion Progress Through Tech Leaps
US climate envoy John Kerry will unveil the first-ever international nuclear fusion strategy at COP 28.
Consumers Become Less Optimistic Amid Stronger Concern On Inflation
The University of Michigan says consumers see the possibility of inflation accelerating again.
Green Hydrogen Facility In Catalonia Gets 14 Million Euro Loan From Spanish Government
Spain's pursuit of net-zero carbon emissions took a step forward on Wednesday.
Jobless Claims Drop Most Since June; Durable Goods Orders Fall More Than Expected
The data show resilience in the labor market while manufacturing struggles.
Mortgage Rates Fall To Lowest Level In Two Months; Applications Rise
Rates are responding to the drop in Treasury yields as inflation and the economy slow.
Fed Minutes Show Agreement To Proceed 'Carefully' On Interest Rates
The minutes say rates could rise more if progress on fighting inflation isn't sufficient.
Shell, Trinidad's NGC Close To Operating Venezuela's Vast Dragon Gas Field: Report
An imminent deal will enable Shell and NGC to jointly operate the field under a 70%-30% ownership, delivering crucial foreign capital to Venezuela via project revenue.
Home Sales Fall To Lowest Level In More Than 13 Years
The drop was worse than economists expected as homebuyers are discouraged to make purchases.
Home Sales In US Slow In October To Fresh 13-year Low
Sales of existing homes in the United States slipped more than anticipated in October to a new 13-year low, according to industry data released Tuesday, on stubbornly low inventory and high mortgage rates.
Landlords Are Offering More Concessions To Attract Tenants, Zillow Says
Concessions are more common in areas where construction of multi-family homes are booming.
Best Buy, Lowe's Cut Forecasts As Consumers Become More Cautious
Quarterly sales were below analyst's estimates for both companies
OPEC+ Considers Further Oil Production Cuts Amid Falling Global Prices
Member countries of OPEC+ have collectively reduced their operational oil capacity by 5.2 million barrels per day in 2023, constituting approximately 5% of global oil production.
Javier Milei's Win Signals Oil Sector Overhaul, Lithium Sector Stability
Argentina's next president is a far-right "chaos agent." Will he be able to unleash the country's economic potential?
40 Highest Paying Jobs In 2023: Where Passion Meets Money
Discover the professional landscape with our comprehensive guide to the 40 highest paying jobs in 2023, backed by data from Salary.com, Talent.com and US News & World Report.
Stocks And Bonds Rally For Another Week On Renewed Hopes Of Soft Landing – What Is Ahead?
The S&P 500 closed at 4,514.02, up 2.5% for the week; the Dow Jones at 34,947.10, up 2%; the tech-heavy Nasdaq at 14,125, up 3.1% and the small-cap Russell 2000 at 1797.77, up 5.8%.
This Week In Focus: Argentina Election, Fed Minutes, Black Friday, Earnings
The week will also bring housing and labor data; retailers Nordstrom, Lowe's and Best Buy release quarterly results.
Lithium Miners Bet on Direct Extraction In Bid For Efficiency, Sustainability
A newly-developed lithium extraction technology promises to fix lithium mining, but analysts are cautiously optimistic.
Construction Of New Homes In The US Rises For Second Month
Homebuilders are adjusting their projects to keep attracting buyers amid high interest rates.
Why High-Interest Rates Have Not Pushed The U.S Economy Into A Recession Yet
High interest rates for a prolonged period usually push the U.S economy into a recession. But not this time around -- at least not yet.
Chinese Refinery Slowdown, US Output Surge Drive Global Oil Prices Down 5%
Global oil prices accelerated their trajectory down from their peak in late September on Thursday.
'House Hacking' Grows Among Millennial And Gen Z Homebuyers
The study says that young buyers are facing more challenges to afford down payments and mortgages.
US, IPEF Partners Agree On Supply Chain, Climate, Fair Economy Pillars But Not Trade
The Biden administration had rushed to finish negotiations on the trade pillar ahead of the APEC summit to show China that Washington was deeply engaged in the Indo-Pacific region.
SQM Misses Expectations In Third Quarter Earnings, As Low Prices Hamper Lithium Giant
The world's largest lithium producing company missed earnings expectations by a wide margin, with YOY revenue dropping more than 50%.
Jobless Claims Rise To Highest Level In Almost Three Months
The report showed that the number of people receiving unemployment benefits is now at the highest point in almost two years.
Walmart, Macy's Beat Estimates After Reducing Inventory
Shares of Walmart fell as the company's forecast indicates slower consumer spending at the end of the year.
Stocks And Bonds Search For Direction After Mixed Economic Data
U.S stocks and bonds moved in the opposite direction on Wednesday following the release of mixed data on the state of the U.S economy.
'Waiting For Thank You': India's Foreign Minister Claims Country's Policies Softened Oil Markets Amid Russia-Ukraine War
The Indian minister said global oil prices would have surged if India had also gone to the same suppliers that Europe had approached.
New York Home Sales Jump In October Despite High Mortgage Rates
Asking prices in the city stayed at the highest level since 2017, according to a StreetEasy report.
Siemens Energy Suffers $4.9B Annual Loss, Will Review Wind Portfolio
Germany's leading renewable energy technology corporation is reorganizing its business operations in response to a crisis in its wind energy unit.
Retail Sales Fall For First Time Since March But Still Beat Expectations
Sales at gas stations and furniture stores contracted, while consumers still increased purchases of food and electronics.
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