Comment on this story Comment US employers remained eager to hire in May, adding fuel to a red-hot labor market that continues to serve as a bulwark against growing recession fears. Employers posted 11.3 million job openings in that month, down from a peak of 11.8 million in March and 11.4 million in April but … Read more
NEW YORK, July 6 (Reuters) – A rally in US energy shares is crumbling, as fears of a global recession have prompted investors to take profits in one of the few corners of the stock market that has thrived this year. The S&P 500 energy sector (.SPNY) is still up 20% year-to-date, bucking a broader … Read more
LOS ANGELES, July 6, 2022 /PRNewswire/ — Pacific Oak Capital Markets, LLC, an alternative investment distributor, announced today that financial services industry veteran Hans Henselman has rejoined the company as CEO, where he will be responsible for overall firm strategy and providing strategic and tactical guidance to the organization. Henselman previously served as the chief … Read more
The grain markets are rallying back today after a lower start last night. All asset classes have been hit hard and the grain markets were pulled lower in the meltdown. Last night wheat turned higher first, and then the corn and soybean markets eventually moved higher. July corn is up 12 cents. December corn is … Read more
A shareholder passes in front of a stock electronic board at a securities exchange in Shanghai May 9, 2006./File Photo Register now for FREE unlimited access to Reuters.com Register EM ex-China see June net outflow of $10.5 bln Foreign EM portfolio net outflow at $4.0 bln in June EM stocks ex-China see the biggest monthly … Read more
It is the busiest time of sales for livestock breeders in Turkey ahead of Qurban Bayram (Eid al-Adha), an occasion for animal sacrifice for Muslims. Though prices and costs increased this year, markets are still drawing buyers. During the bayram, which starts on Saturday, the Muslim faithful mainly slaughter sheep and cows and the meat … Read more
-Home price growth slowed in 97 of the 100 largest US housing markets in May, with the national annual appreciation rate pulling back by more than a full percentage point from the month prior -While the slowdown to 19.3% from a revised 20.4% in April marks the largest single-month deceleration since 2006, prices were still … Read more
Multifamily construction in the US is at its highest level in 40 years. Currently, there are 824,000 units in development and 450,000 of them are expected to be delivered this year. Apartments.com’s National Director of Multifamily Analytics, Jay Lybik, addressed the situation during a session at the National Apartment Association’s Apartmentalize conference in June in … Read more
The Center for Audit Quality (CAQ) has released the results of a new survey series, the Audit Partner Pulse Survey, aimed at gathering US public company audit partner observations on a range of topics, including the overall health of the economy, business transformation, quality of corporate disclosures and more. This survey of audit partners is … Read more
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks in a holding pattern US stock futures were essentially flat across the board Wednesday morning, following a late rally the day before. While the Dow finished … Read more
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