WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly jumped in October, shrugging off rising mortgage rates and house prices, which have drastically eroded affordability. Ne[...]
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November 23, 2022
Brazil’s Nubank rolls out Mexican savings accounts, debit card
By Cassandra Garrison MEXICO CITY (Reuters) – Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks to sc[...]
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News Corp-Fox merger plan faces opposition from major shareholder
(Reuters) -Independent Franchise Partners, a major investor in News Corp and Fox Corp, said on Wednesday it opposes media mogul Rupert Murdoch’s plan to recombine the companies. The London-based[...]
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U.S. new vehicle sales to be flat in November amid high interest rate – report
(Reuters) – U.S. new vehicle retail sales are expected to be relatively flat in November as high vehicle prices, coupled with interest rate increase, are moderating demand, a report from industr[...]
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Credit Suisse shareholders approve 4 billion Swiss franc capital raise
(Corrects date in dateline to Nov 23) ZURICH (Reuters) – Credit Suisse shareholders approved on Wednesday a 4 billion Swiss franc ($4.20 billion) share capital hike intended to fund the embattle[...]
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U.S. core capital goods orders, shipments rebound strongly in October
WASHINGTON (Reuters) – New orders for U.S.-made capital goods unexpectedly rebounded in October while shipments increased solidly, suggesting business spending on equipment started the fourth qu[...]
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FTX was run as ‘personal fiefdom,’ faces hacks, missing assets, attorneys say
By Dietrich Knauth, Tom Hals and Tom Wilson NEW YORK/LONDON (Reuters) – FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchan[...]
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Deere posts strong earnings on pricing boost, sees higher profit next year
By Bianca Flowers and Aishwarya Nair CHICAGO (Reuters) -Deere & Co on Wednesday reported a higher-than-expected quarterly profit on strong sales accelerated by price hikes for its agriculture and[...]
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Gucci’s designer Alessandro Michele is stepping down-source
PARIS (Reuters) – Alessandro Michele, the creative director of Kering’s top fashion brand Gucci, is stepping down from the role, a source with knowledge of the matter said on Wednesday, co[...]
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