By Amina Niasse (Reuters) – Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a […]
JPMorgan bets on new wealth planning tool to draw investments
By Tatiana Bautzer NEW YORK (Reuters) -JPMorgan Chase seeks to expand the reach of its wealth management business and bring in more investments by offering a new planning tool to its 54 million Chase retail customers. The Wealth Plan tool had about 10 million users active over the last three months, said Sam Palmer, the […]
Tesla shares gain as Musk offers US customers Full Self-Driving software trial
By Akash Sriram and Hyunjoo Jin (Reuters) -Shares of Tesla rose about 4% on Tuesday after CEO Elon Musk said the electric carmaker will offer U.S. customers a free trial of its driver-assist technology for a month. Musk has long touted the Full Self-Driving (FSD) technology as a potential cash cow for the company, but […]
Federal Reserve expected to cut rates, lift Biden’s prospects
By Jarrett Renshaw and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized – and potentially uncomfortable – […]
Biden Vs. Trump Matchup Shows Dead Heat In Pennsylvania And Modest Lead For 1 In Michigan: New Poll Flashes Red Flags For Both
Neither President Joe Biden nor his predecessor Donald Trump cuts ice with voters in the two battleground states of Michigan and Pennsylvania, new poll results published on Friday showed. What Happened: Trump and Biden are in a dead heat in Pennsylvania, while the former president led the incumbent by a margin of 50% to 42%, […]
Senator Warren urges SEC to investigate Tesla over board independence
(Reuters) -U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to investigate whether Tesla violated regulations over board independence at public companies. “New evidence has emerged in recent months that deepen my concerns that Tesla’s board lacks independence from Mr. Musk, who uses his control over the board for […]
Dollar weakens after Fed meeting, yen strengthens
By Herbert Lash NEW YORK (Reuters) -The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve held interest rates steady as expected and policymakers still projected three U.S. rate cuts this year even as inflation remains elevated. The Fed’s updated quarterly economic projections showed the personal consumption expenditures […]
Hedge funds shake up the euro zone’s $10 trillion government bond market
By Yoruk Bahceli, Nell Mackenzie, Harry Robertson and Dhara Ranasinghe LONDON (Reuters) – Hedge funds are piling into the euro zone’s $10 trillion government bond market, scenting opportunities as funding needs surge and the European Central Bank retreats. The funds are buying a large share of government debt sales, providing a source of much-needed capital, […]
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U.S. Pending Home Sales Increase Moderately
March 28, 2024
By Amina Niasse (Reuters) – Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a […]
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