Finance News
10 years of rally in U.S. house prices could end, says Robert Shiller

[ad_1] “The fear of interest rate increases has influenced people’s thinking — it’s not just the homeowners, it’s new buyers who wanted to get in before the interest rates went up even more,” says Robert Shiller, professor of economics at Yale University. Bloomberg | Bloomberg | Getty Images A decade-long rally in U.S. home prices […]

Updated: Jul 24, 2023
Dream on Me buys 11 Buy Buy Baby leases

[ad_1] “Store Closing” signs at a Buy Buy Baby store in the Brooklyn borough of New York, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images The New Jersey baby retailer that bought Buy Buy Baby’s intellectual property from its bankrupt parent company Bed Bath and Beyond also snatched up 11 of […]

Updated: Jul 21, 2023
TSMC earnings report Q2 2023

[ad_1] A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images) Sam Yeh | Afp | Getty Images Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, posted a second-quarter profit […]

Updated: Jul 20, 2023
China’s Evergrande posts $81 billion loss over the past two years

[ad_1] The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday. The world’s most indebted property developer fell […]

Updated: Jul 18, 2023
UK Defense Minister Wallace to step down as lawmaker at next election

[ad_1] The U.K. Defence Secretary, Ben Wallace, photographed at the Warsaw Security Forum on Oct. 04, 2022. Nurphoto | Nurphoto | Getty Images British defense minister Ben Wallace will not stand as a member of parliament (MP) in the next UK national election, and will leave government when Prime Minister Rishi Sunak carries out his […]

Updated: Jul 16, 2023
Mozambique ex-minister denied bail over $2 billion ‘tuna bond’ scandal

[ad_1] Mozambique’s former finance minister, Manuel Chang (pictured here in 2019), has been deemed a flight risk. Wikus De Wet | Afp | Getty Images A U.S. federal judge ruled that Mozambique’s former finance minister, Manuel Chang, must remain behind bars while awaiting trial for fraud in the notorious “tuna bond” scandal which helped bankrupt […]

Updated: Jul 14, 2023
Energy sector driving demand for lithium, other critical minerals: IEA

[ad_1] Workers photographed at a lithium mine in Chile on August 24, 2022. Lithium is integral to the batteries that power electric vehicles. John Moore | Getty Images News | Getty Images Demand for the critical minerals key to a future centered around low and zero-emission technologies is surging, according to the International Energy Agency, […]

Updated: Jul 12, 2023
Sweden is in final stretch for NATO membership. Will Turkey derail it?

[ad_1] Turkish President Tayyip Erdogan arrives for a NATO summit in Madrid, Spain June 29, 2022. Nacho Doce | Reuters NATO is convening a summit in Vilnius, Lithuania, on July 11 to approve new defense plans, and — its leaders hope — announce the full approval of a new member to the alliance, Sweden.  But […]

Updated: Jul 10, 2023
Ant Group’s share repurchase plan values firm at nearly $79 billion

[ad_1] HANGZHOU, CHINA – OCTOBER 27: A logo of Ant Group is seen at the company’s headquarters on October 27, 2020 in Hangzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), […]

Updated: Jul 8, 2023
Turbulence is getting worse as the planet warms

[ad_1] A plane flying over Northamptonshire, England. For many, turbulence is an uncomfortable part of air travel. Joe Giddens – Pa Images | Pa Images | Getty Images Turbulence during a flight can be an uncomfortable experience for many, ranging from mild bumpiness to more serious instances of damaged airplanes and injured passengers. With millions […]

Updated: Jul 6, 2023