U.S. housing starts rise; permits highest in over 12 years
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
Wall Street set for record open as trade optimism persists
Wall Street was set to hit another record high at the open on Tuesday on continued optimism that Washington and Beijing would agree on a deal to end a damaging trade war that has posed one of the biggest risks to global economic growth.
Kohl’s slashes profit forecast after dismal quarter
Kohl’s Corp cut its annual profit forecast on Tuesday after the department store operator fell short of quarterly comparable sales and earnings estimates, offering no sign that a much-hyped partnership with Amazon was bearing fruit.
Aramco IPO banks face pared payday of $90 million or less: sources
By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina
Home Depot cuts sales goal as online push not delivering as expected
Home Depot Inc said on Tuesday the marriage of its online and brick-and-mortar businesses was not yet generating as much revenue as it had expected, prompting the retailer to cut its 2019 sales forecast for the second time this year.
Global economy dodges recession by narrowest of margins: Kemp
The global economy may have narrowly avoided a recession, with most industrial and financial indicators pointing to a slight improvement in September-October after a sharp slowdown in the middle of the year.
Kohl’s cuts annual profit forecast after disappointing results; shares slump
Kohl’s Corp cut its annual profit outlook on Tuesday ahead of the all-important holiday season, after the department store operator’s quarterly comparable sales and earnings missed analysts’ estimates, sending its shares down 12%.
Return of short-selling bans: market protection or ‘war against truth’?
New moves to curb short-selling in some countries have set the stage for a renewed battle between free market advocates and authorities aiming to check investors they see as profiteers who destabilize major companies.
Shares scale 22-month peak as focus turns to growth
World shares touched their highest in nearly two years on Tuesday on predictions of future growth and bets the United States and China can end their damaging trade war.
Sustainable investors face squeeze as larger firms move in
Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in.
