U.S. new home sales drop to more than 2-1/2-year low
Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing market.
Fed stability report: Banks, households strong, but asset values ‘elevated’
Tensions over trade, the turbulent Brexit discussions, and trouble in China and emerging markets could rock a U.S. financial system where asset prices are “elevated” and business credit quality may be “deteriorating,” the U.S. Federal Reserve said in a…
Trump retweets item saying GM should pay back bailout money
President Donald Trump on Wednesday retweeted a suggestion that General Motors Co should pay back the money the government spent to keep it afloat as part of the auto industry bailout if it doesn’t keep jobs in the country.
Trump says studying auto tariffs after GM restructuring
U.S. President Donald Trump on Wednesday said auto tariffs are “being studied now” after General Motors Co this week announced U.S. layoffs and plant closures, saying it would help boost U.S. production.
Danish prosecutor charges Danske Bank over money laundering allegations
Denmark’s state prosecutor has filed preliminary charges against Danske Bank for allegedly violating the country’s anti-money laundering act in relation to its Estonian branch.
Daimler to start making electric cars in China in 2019
Daimler will start building electric cars in China next year as a way to meet Beijing’s stringent anti-pollution quotas for carmakers, even as demand for conventional models like the Mercedes-Benz Maybach remains strong.
NBA strikes betting data deals with Sportradar, Genius Sports
The National Basketball Association (NBA) struck its first betting data partnerships, allowing Genius Sports and Sportradar AG to distribute data to licensed sports betting operators in the United States.
U.S. third-quarter growth unrevised, headwinds increasing
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated further early in…
Siemens CEO received pay rise in 2018: annual report
Siemens paid its chief executive Joe Kaeser a total of 7.82 million euros ($8.82 million) during its 2018 financial year, the German engineering company said in its annual report on Wednesday, up from 7.65 million euros a year earlier.
Wall Street to open higher on hopes of trade truce; Powell speech in focus
Wall Street was set to open higher on Wednesday on hopes of a trade truce between the United States and China at the G20 Summit, while investors looked forward to Fed Chairman Jerome Powell’s speech for clues on the path of interest rate hikes.
