Existing home sales fell 1.5% in December Sales fell 17.8 percent in 2022, the largest annual decline since 2008 The median home price increased 2.3% over last year WASHINGTON (Reuters) – U.S. existing home sales fell to a 12-year low in December, but falling mortgage rates fueled cautious optimism that the beleaguered housing market may …
US home sales fell to a 12-year low; A glimmer of hope appears Read More »
Jan. 20 (Reuters) – The lending unit of crypto firm Genesis filed for US bankruptcy protection on Thursday, owing at least $3.4 billion, after being ousted by a market rout along with the likes of FTX exchange and lender BlockFi. Genesis Global Capital, one of the largest cryptocurrency lenders, froze customer refunds on November 16 …
Genesys Crypto Lending Unit for US Bankruptcy Files Read More »
SAO PAULO (Reuters) – A Rio de Janeiro court on Thursday accepted the filing for bankruptcy protection by Brazilian retailer Americana SA (AMER3.SA), days after the company disclosed nearly $4 billion in accounting discrepancies that sparked a dispute. legally with the investment creditors. Americana, a 93-year-old company with stores across Brazil and a major e-commerce …
A Brazilian court grants bankruptcy protection to retailer Americana Read More »
(Reuters) – Federal Reserve policymakers signaled on Wednesday that they would press ahead with rate hikes, with many supporting a higher interest rate of at least 5% even as inflation shows signs of peaking and economic activity slows. “I think we need to continue, and we’ll discuss at the meeting how much more needs to …
Fed policymakers are calling for more interest rate hikes to beat inflation Read More »
40% of ECB employees have low or no confidence Two-thirds of them say trust has been damaged 63% worry about the ECB’s ability to protect purchasing power FRANKFURT (Reuters) – European Central Bank staff are losing faith in the institution’s leadership after the European Central Bank’s failure to control inflation and reward wages that undid …
EXCLUSIVE: ECB union says staff have lost faith in leadership on inflation and salaries Read More »
(Reuters) – Goldman Sachs Group (GS.N.) on Tuesday reported a larger-than-expected 69 percent drop in fourth-quarter profit as it struggled with stagnant deal-making and slumping asset and wealth management revenues booked into its consumer business. Wall Street banks are making deep workforce cuts and streamlining their operations as deal-making activity, their main source of revenue, …
The Euro Stoxx 600 fell 0.2%. China’s 2022 growth is the worst in nearly 50 years Asian stocks fell 0.4%. The yen is close to its highest level in 7 months LONDON (Reuters) – Stocks fell on Tuesday after slumping Chinese growth in 2022 halted a New Year’s rally and kept investors on edge about …
Stocks falter as China data stokes global economic concerns Read More »
Jan. 17 (Reuters) – Bitcoin is shipping in 2023, pulling the cryptocurrency market off the floor and sparking ponk, a new meme currency. The No. 1 cryptocurrency posted a 26% gain in January, jumping 22% in the past week alone, crossing the $20,000 mark and posting its best month since October 2021 — just before …
The Bank of Japan is under heavy pressure while defending the yield policy The yen rose to a 7-month high, and the yuan rose as the dollar weakened More profits to come, many central bank speakers The British FTSE Index set a record SYDNEY/LONDON (Reuters) – Stocks were boosted on Monday as optimism about corporate …
Stocks rise and the yen rises as the Bank of Japan grapples with falling bond prices Read More »
FTX was valued a year ago at $32 billion More than $8 billion in FTX client funds are missing Submission of a plan to sell FTX affiliates in court New York/Wilmington, Del. Jan. 11 (Reuters) – Cryptocurrency exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in …
Lawyer says failed cryptocurrency exchange FTX has recovered more than $5 billion Read More »
