U.S. home prices have reported their fifth-largest annual gain on record after S&P CoreLogic Case-Shiller’s 20-city composite index surged 18.4% year-over-year in October. However, the figure marks a slowdown from the 19.1% year-over-year growth in September and came in below Refinitiv’s 18.5% growth estimate. In addition, Case Shiller’s national home price index, which covers all […]
Mexico plans to halt crude oil exports in 2023 as part of President Andres Manuel Lopez Obrador’s nationalist goal of self-sufficiency in fuel production. Petroleos Mexicanos, the Mexican state-owned producer known as Pemex, will reduce daily crude exports next year by more than half to 435,000 barrels before phasing out sales to foreign customers the […]
China has unveiled sweeping regulations governing overseas share sales by the country’s firms, taking one of its biggest steps to tighten scrutiny on international debuts in the wake of Didi Global Inc.’s controversial listing. The regulations, issued by the country’s securities watchdog, commerce ministry and top economic planning agency over the past week, cast more […]
The metaverse won Christmas this year. Meta, Facebook’s parent company, had the most popular app in Apple’s App Store on Christmas Day: the Oculus virtual reality app. That’s the app people download to manage the Oculus VR headset, and its top ranking is an indicator Meta’s VR headset was one of the most popular technology […]
Major indexes are poised to end the year boosted by the “Santa Claus Rally” effect, as the market shrugs off concerns associated with surging COVID-19 case numbers across the U.S. and the world. But according to NJ-based financial services firm Hennon & Walsh, the Omicron variant remains among the top uncertainties in the market heading […]
U.S. crude oil prices hit a high of $86.40 per barrel in October this year. The trends that led to this peak also lifted all other energy prices in what turned out to be a truly wild year for fossil fuels. And for inflation. West Texas Intermediate started the year modestly, at a little over […]
While we were expecting CES 2022 to be the first proper in-person tech conference since the Covid-19 pandemic, disaster has struck the early-January week-long Las Vegas-based consumer tech event, and the past few weeks have been rife with big tech companies pulling out of a physical showing. Following in the shoes of Google, Amazon and […]
SINGAPORE — Shares in Asia-Pacific were mixed on Monday, with multiple major markets in the region closed for holidays. Mainland Chinese stocks closed mixed, with the Shanghai composite dipping fractionally to 3,615.97 while the Shenzhen component rose slightly to around 14,715.65. China’s industrial profits in November jumped 9% from last year, data released by China’s […]
Hui Ka-yan, the founder and chairman of heavily-indebted developer China Evergrande Group, is trying to rally his employees and deliver more homes as the year comes to a close. At a weekly meeting with company executives on Sunday, the 63-year-old billionaire said all employees will be required to not “lie flat” – a buzzword in […]
To Pete Boland, the co-owner of two Florida taverns in downtown St. Petersburg, it seems like just about all of his business costs spiked in the past year, some more than others. They took chicken wings off their menus for a while after a national shortage caused prices to skyrocket. They charged $20 more per […]
A Moscow court on Friday slapped Google with a nearly $100 million fine and also fined Facebook’s parent company Meta $27 million over their failure to delete content banned by local law, as Russia seeks to step up pressure on technology giants. The Tagansky District Court ruled that Google repeatedly neglected to remove the banned […]
The outlook for US IPOs from Chinese companies has soured in the past few months amid mutual recriminations over the sharing of sensitive data and a crackdown on large private companies by Beijing. As the federal government forces Chinese companies to de-list from American exchanges, the NYSE and Nasdaq are eyeing Indian and Southeast Asian […]
