US housing starts fall, while building permits near a 13-year high
A worker measures wood for a house under construction at the KB Home Vineyard Crossing Community in Livermore, California. David Paul Morris | Bloomberg | Getty Images U.S. homebuilding fell less than expected in January while permits surged to a...
US producer prices post biggest gain in more than a year
U.S. producer prices increased by the most in more than a year in January, boosted by rises in the costs of services such as healthcare and hotel accommodation. The Labor Department said on Wednesday its producer price index for final...
Coronavirus outbreak forces China’s after-school activities to shut down — or move online
Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination (Gaokao) on May 29, 2018 in Fuyang, China. Visual China Group | Getty Images As local governments in China delay the...
Stocks making the biggest moves midday: Apple, Legg Mason, Virgin Galactic, Tesla and more
Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Check out the companies making headlines in...
Federal Reserve’s Robert Kaplan sees no changes in interest rates this year
Gerard Miller | CNBC Though he expects the U.S. to experience “solid” growth this year, Dallas Federal Reserve President Robert Kaplan said interest rates should remain where they are. The central banker, in an essay released Tuesday morning, backed the...
US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says
A drilling crew member on an oil rig in the Permian Basin near Wink, Texas. Nick Oxford | Reuters The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector to cut...
HSBC’s pre-tax profit for 2019 was $13.35 billion, revenue was $56.1 billion
HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC on Tuesday reported 2019 pre-tax profit of $13.35 billion, while revenue during the same period was $56.1 billion. Prior to the latest earnings...
N26 customers feel ‘betrayed’ by the German digital bank’s decision to quit the UK
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26...
Trump administration may stop exporting engines co-manufactured by GE to China, WSJ says
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett...
Bloomberg is considering Hillary Clinton as his running mate, says Matt Drudge
Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg...
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