WASHINGTON (Reuters) – U.S. house price growth slowed sharply in March, likely as rising mortgage rates weighed on demand, data showed on Tuesday. Prices edged up 0.1% in March after surging by[...]
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May 28, 2024
China Evergrande’s liquidators seek investors for restructuring
(Reuters) -Property firm China Evergrande Group said on Tuesday its liquidators have made only “modest realisations” of the company’s assets and were now seeking investors for restru[...]
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Adam Neumann ends bid to buy WeWork, NYT Dealbook reports
(Reuters) -Adam Neumann has ended his bid to re-acquire WeWork as the coworking business he co-founded has chosen to emerge from bankruptcy with an “unrealistic” plan, he told the New York[...]
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Analysis-US tariffs on Chinese medical imports face industry doubt as alternative suppliers emerge
By Andrew Silver, Timothy Aeppel and Rozanna Latiff SHANGHAI (Reuters) – Higher U.S. tariffs on medical gloves, syringes and face masks from China are unlikely to make U.S. producers more compet[...]
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UBS lifts S&P 500’s year-end target to Street high of 5,600
(Reuters) – UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points on Tuesday, marking the highest forecast among major brokerages. The upgraded targe[...]
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Move to faster stock settlement creates unique hurdles for ETF market
By Suzanne McGee (Reuters) – The move to next-day settlement for trading in U.S. securities on Tuesday will require exchange-traded funds (ETFs) and the marketmakers to juggle multiple jurisdict[...]
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Rating firms cautious ratifying some private credit loans
By Shankar Ramakrishnan (Reuters) – Banks and insurers are making more requests to U.S. credit agencies for ratings on their risky loans to private equity funds that are secured against the valu[...]
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Morning Bid: Post-break Wall Street stays pumped up
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set for a sleepy but positive start to a shortened week after Monday’s Memorial Day break, with the consumer[...]
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Fed’s Kashkari wants significant progress on inflation before rate cuts
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with CNBC broadcast on Tuesday that the U.S. central bank should wait for significant progress on inflat[...]
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