US housing starts near the lowest level in 1-1/2 years; Factory production regression

Housing Starts Down 9.6%; Building permits decreased 1.3% Single household begins to decline by 10.1%; Permits drop 4.3% Home construction backlog up 5.0% Industrial production rebounded 0.7% WASHINGTON (Reuters) – U.S. home construction fell to its lowest level in nearly a year and a half in July, dragged down by higher mortgage rates and building … Read more

Philips parts ways with CEO in the midst of massive recalls

Van Houten leaves after nearly 12 years in office To be replaced on October 15 by Connected Care President Jacobs Stocks are up 2%, but down over 50% since the product recall AMSTERDAM (Reuters) – Philips (PHG.AS) The Dutch health technology company said, on Tuesday, that CEO Frans van Houten will leave the company in … Read more

Exclusive: Tencent Plans to Abandon $24 Billion Meituan Stake

Tencent seeks to start selling Meituan stake this year – sources Sale seeks to appease regulators, monetize 8-year-old betting sources Shares likely to be sold as group trading – sources The move comes after Tencent withdrew JD.com’s investments, SEA stakes Mituan shares are down 10 percent; Tencent shares are recovering HONG KONG (Reuters) – China’s … Read more

Cryptoverse: An Electric Aether Jumping About to Merge

Representations of the cryptocurrency Bitcoin, Ethereum, and Dash sinking into the water in this illustration taken on May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now to get free unlimited access to Reuters.com Register Aug 16 (Reuters) – It appears that the massive upgrade of ethereum is underway. finally. After years of delays, it looks like a … Read more

Third Point unveils nearly $1 billion stake in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday unveiled a nearly $1 billion stake in The Walt Disney Company. (DIS.N) She said she plans to push the media company to make a series of changes, from breaking up cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor … Read more

NYSE writedowns suggest Beijing may be willing to compromise on US review dispute analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, US, June 14, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – The move to delist five Chinese state-owned companies from the New York Stock Exchange (NYSE) suggests Beijing may be … Read more

Exclusive: Wall Street revives Russian bond trading after US approval

NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trading in Russian bonds in recent days, according to banking documents seen by Reuters, giving investors another chance to divest from assets widely seen in the West as toxic. . Most US and European banks pulled out of the market in … Read more

China unexpectedly lowered two key rates, withdrawing cash from the banking system

A picture of the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China on September 28, 2018. REUTERS/Jason Lee Register now to get free unlimited access to Reuters.com Register SHANGHAI (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and pulled some … Read more

The S&P 500 and Nasdaq closed the fourth consecutive week on growing optimism

The Nasdaq and S&P 500 post their longest streak of weekly gains since November S&P 500 regains 50% of bear market losses The S&P 500 is up 17.7% from its mid-June low NEW YORK (Reuters) – Wall Street closed higher on Friday as signs that inflation had peaked in July increased investor confidence that a … Read more

With Alibaba stakes cut, SoftBank’s Son calms down on Chinese technology

A journalist raises her hand to ask a question to Japanese SoftBank Group Corp. CEO Masayoshi Son during a press conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now to get free unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp. (9984.T) The decision to sell Alibaba Group … Read more