The drop in earnings for men is the biggest challenge facing the economy, according to Stephen Moore, the man President Donald Trump has said he wants to nominate to the Federal Reserve board. Speaking Tuesday with CNBC’s “Squawk Box, ” Moore faced questions about past writings, some of which have been classified as sexist by […] Read more
The nation’s homebuilders are pleased with the strong demand they’re seeing this spring, but they continue to see buyers being held back by today’s high home prices. Builder confidence rose 1 point to 63 in April in the monthly National Association of Home Builders/Wells Fargo Housing Market Index. It was at 68 last April, and […] Read more
A Beijing district court ruled Wednesday that a blog operator must apologize and pay more than 200,000 yuan ($29,851) to real estate developer Soho China for reputational damage. That’s after a blog run by the operator, Zhuhai Shengun Network Technology, claimed that one of the developer’s properties brought bad luck to its tenants due to […] Read more
According to Freddie Mac’s latest Primary Mortgage Market Survey, U.S. mortgage rates held steady in the first week of April 2019, after seeing major drops last week. Sam Khater, Freddie Mac’s chief economist, says, “Purchase mortgage application demand saw the second highest weekly increase over the last year and thanks to a spike in refinancing […] Read more
Nobel Prize winner Robert Shiller told CNBC that despite a strong housing market since 2012, homebuyers do not seem as excited. Low unemployment is helping drive the market up. Shiller also says President Donald Trump and his family’s lifestyle might be contributing to people feeling like, they too, can live in extravagant homes. However, the […] Read more
Riyadh: Saudi Arabia’s listed companies could see holdings by foreign investors rise to 10 per cent when shares are included in index providers MSCI and FTSE’s emerging markets indices, the chief executive of Tadawul said on Monday. Khalid Al Hussain said he expected equities on the Saudi bourse, Tadawul, to attract $5 billion (Dh18.35 billion) […] Read more
The 166-year-old jeans maker Levi Strauss is to seek a valuation of nearly $6.2bn (£4.7bn) in a stock market float that will restore it to public ownership after three decades as a private company. The company, credited with the invention of blue jeans, said it expected to raise $587m in a Wall Street listing aimed […] Read more
Tesla — Tesla plans to unveil its Model Y SUV on March 14. CEO Elon Musk tweeted that the vehicle will cost about 10 percent more than the Model 3 and have slightly less range. Separately, Tesla paid off a $920 million convertible bond in cash late Friday. The settlement was in cash because Friday’s […] Read more
There will not be a recession this year despite a slowdown in economic activity worldwide, a top executive at Carlyle Group told CNBC Wednesday. Global growth has lost some steam compared to last year, with the International Monetary Fund (IMF) downgrading its forecasts for this year. At the same time, geopolitical risks have grown, from […] Read more
U.S. negotiators are reportedly demanding China not devalue the yuan as a condition for any potential trade deal. Such a measure is likely to encounter little resistance from the Chinese: It’s actually in Beijing’s interest to have a stronger currency, experts told CNBC. The yuan’s exchange rate against the dollar has been a repeated complaint […] Read more
