(Reuters) -U.S. homebuilder Lennar Corp on Thursday beat quarterly revenue estimates as tight supply of homes in the United States supported demand despite high mortgage rates. Looking to the next yea[...]
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December 14, 2023
Costco posts upbeat first-quarter results on strong demand for cheaper groceries
By Granth Vanaik (Reuters) -Costco Wholesale topped Wall Street estimates for quarterly sales and profit on Thursday, as more customers turned to its stores to shop for cheaper groceries and essential[...]
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Cryptoverse: Bitcoin defies its doubters in 2023
(This Dec. 12 story has been corrected to fix the spelling of Kelvin Koh’s name in paragraph 3) By Medha Singh and Lisa Pauline Mattackal (Reuters) – If 2022 was the year that “broke[...]
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Asian IPO market seen brighter in 2024 but elections cast shadows
By Scott Murdoch SYDNEY (Reuters) – Bankers in Asian equity capital markets are hopeful of a better year in 2024 after a dismal showing for IPOs this year, noting that interest rates have stabil[...]
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Citigroup closes municipal underwriting and market-making unit- memo
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters. “The economics of these[...]
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Mexico’s Nuevo Leon state gives Tesla $153 million in incentives for factory
MEXICO CITY (Reuters) -Mexico’s northern state of Nuevo Leon approved $153 million in incentives for Tesla as the carmaker prepares to build a factory, the state government said in a statement o[...]
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Biden administration to impose inflation penalties on dozens of drugs
By Andrea Shalal BETHESDA, Md. (Reuters) -The Biden administration said on Thursday it had identified 48 drugs in the Medicare program whose prices rose quicker than inflation during the fourth quarte[...]
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Marketmind: Pivot party rolls on
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set to end the week on the front foot as another steep slide in the dollar and U.S. bond yields extends[...]
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Boeing names insider Chris Raymond as aftermarket business chief
(Reuters) -Boeing on Thursday named sustainability chief Chris Raymond as the new head of its aftermarket business, succeeding Stephanie Pope, who was announced as the planemaker’s chief operati[...]
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