WASHINGTON (Reuters) – U.S. existing home sales dropped to a more than 12-year low in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom. Existing home sales fell 0.7% to a seasonally adjusted annual rate of 4.00 million units last month, the …
U.S. existing home sales fall in January, but pace slowing Read More »
WASHINGTON (Reuters) – U.S. business activity unexpectedly rebounded in February, reaching its highest level in eight months, according to a survey on Tuesday, which also showed inflation subsiding. S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 50.2 this month from a final reading of …
U.S. business activity rebounds to eight-month high in February- S&P Global survey Read More »
By Deborah Mary Sophia (Reuters) -Home Depot Inc on Tuesday warned of slowing demand for home improvement goods this year as inflation dents the ability of customers to spend on remodeling projects, sending its shares down as much as 5% in early trading. The No. 1 U.S. home improvement chain forecast annual profit below Wall …
Home Depot warns of profit hit from slowing demand, rising wages in 2023 Read More »
By Guy Faulconbridge MOSCOW (Reuters) – President Vladimir Putin on Tuesday delivered a warning to the West over Ukraine by suspending a landmark nuclear arms control treaty, announcing that new strategic systems had been put on combat duty, and threatening to resume nuclear tests. Nearly a year after ordering an invasion that has triggered the …
Russia’s Putin issues new nuclear warnings to West over Ukraine Read More »
By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday declined to revive a newspaper’s challenge on free speech grounds to an Arkansas law requiring state government contractors to pledge not to boycott Israel, a policy the publication’s lawyers called a threat to a constitutionally protected form of collective protest. The justices turned away …
By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday declined to hear a bid by the operator of the popular Wikipedia internet encyclopedia to resurrect its lawsuit against the National Security Agency challenging mass online surveillance. Turning away the Wikimedia Foundation’s appeal, the justices left in place a lower court’s dismissal of the …
U.S. Supreme Court snubs Wikipedia bid to challenge NSA surveillance Read More »
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate eased more than expected to 5.9% in January, data showed on Tuesday, backing up the Bank of Canada’s declared aim to keep rates on hold at its next meeting to let previous rate hikes sink in. Analysts had expected inflation to edge …
Canada’s inflation slows in January, backing up March interest rate pause Read More »
By Siddharth Cavale (Reuters) -Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that cautious spending by consumers could pressure profit margins. Shares of the world’s largest retailer fell 0.8% in early trading as the company continued to battle …
Walmart gets cautious on economic outlook, sees lower 2023 performance Read More »
(Reuters) – Wall Street’s main stock indexes opened lower on Tuesday as retailers Walmart and Home Depot delivered a double blow to traders returning after a long weekend amid worries that interest rates will remain higher for longer. The Dow Jones Industrial Average fell 127.00 points, or 0.38%, at the open to 33,699.69. The S&P …
Wall St slides at open as Walmart, Home Depot forecasts disappoint Read More »
By Hannah Lang (Reuters) -The firm behind Binance’s stablecoin, Paxos Trust Company, is in talks with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos’ chief executive officer. “We are engaged in constructive discussions with the …
Paxos in discussions with U.S. SEC over Binance stablecoin- internal email Read More »
