The United States has had 11 recessions since the end of World War II. All but two were preceded by a big decline in the housing market. Inside that bit of trivia lie some fundamental insights into housing’s outsize role in the business cycle, along with clues to suggest that the economy is on firmer […]
NEW YORK (Reuters) – U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington. All three major U.S. equity indexes closed higher, with the Nasdaq ending its seventh consecutive day in the black. Stocks have recovered broadly from their year-end selloff, with the […]
NEW YORK (Reuters) – U.S. stocks gained modestly on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed. All three major U.S. equity indexes edged higher, with the Nasdaq on course for its seventh consecutive day in the black. The benchmark S&P 500 looked set to post its fifth […]
(Reuters) – Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. Tepper’s hedge fund Appaloosa LP wrote to Allergan’s board, just hours after the Botox maker announced it added a former industry executive […]
PITTSBURGH — Last year, The Pittsburgh Post-Gazette chose Martin Luther King’s Birthday as the publication date for an editorial headlined “Reason as Racism.” On Monday, a little more than a year after that piece drew national criticism, The Post-Gazette named its editorial page director, Keith C. Burris, as its newsroom leader. Mr. Burris was appointed […]
NEW YORK (Reuters) – U.S. stocks gained modestly on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed. All three major U.S. equity indexes edged higher, with the Nasdaq on course for its seventh consecutive day in the black. The benchmark S&P 500 looked set to post its fifth […]
NEW YORK (Reuters) – Gold prices surged to a 10-month high on Tuesday, as the U.S. dollar weakened, on optimism for a breakthrough in U.S.-China trade talks, with bullion also receiving support as a safe-haven asset due to concerns over global growth. A gauge of global stock markets rose modestly, with an advance in Walmart […]
WASHINGTON (Reuters) – The United States is seeking to secure a pledge from China it will not devalue its yuan as part of an agreement intended to end the countries’ trade war, Bloomberg reported on Monday. Officials from the two countries, which resumed talks on Tuesday in Washington, are discussing how to address currency policy […]
Easter might still be a long way away, but we don’t need an excuse to start getting excited about chocolate. And if you’re already ready to start stocking up on the Easter chocolate, Marks and Spencer have just started selling a very intriguing Easter egg, and instead of opting for the traditional seasonal design, it’s […]
(Reuters) – U.S. stocks were set to dip at the open on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. Hopes that the two countries will hammer out a deal to end their protracted trade war helped the S&P 500 and […]