It ain’t a good time to buy no thanks to high mortgage rates and home prices, but it sure feels like a great time to sell, consumers told Fannie Mae FNMA, -1.19% in a poll published Wednesday. With mortgage rates staying stubbornly high above 6%, home buyers feel a lot…

5/5 © Reuters. A view of a Tesla sign at its factory in Shanghai, China June 12, 2023. REUTERS/Aly Song 2/5 SHANGHAI (Reuters) -Tesla’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals to develop 70 hectares (172 acres) of former farmland…

(Reuters) – A spokesman for the U.N.’s nuclear watchdog said on Thursday that gunfire briefly halted a convoy heading back to Ukrainian-held territory after a visit to the Russian-controlled Zaporizhzhia nuclear power station, but the delegation was in no immediate danger. “Convoy was stopped and gunfire was distinctly heard for…

Investing.com – The U.S. dollar rallied in early European trade Thursday, boosted by the Federal Reserve’s hawkish projection of more tightening this year, while the euro weakened ahead of the latest European Central Bank policy meeting. At 02:05 ET (06:05 GMT), the , which tracks the greenback against a basket…

By Brenda Goh SHANGHAI (Reuters) -U.S. memory chipmaker Micron (NASDAQ:) said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China’s cyberspace…

Key takeaways Goldman Sachs has cut 30 roles in its Asia investment banking division, with rumors swirling of hundreds more job losses coming Goldman Sachs shares are up 1.59% this working week The move comes as M&A activity remains down, though top banking bosses say signs of life are emerging…

Summer temperatures are rising and so is the stock market. After 164 days, the S&P 500 Index crossed officially back into bull market territory, given the 23% rise from its October lows. Only the recovery in 1947 from bear market bottom to new bull market took longer, at 281 days.…

On average, 4.4 million businesses are launched each year in the United States. So much advice is available for new entrepreneurs who are ready to start a new business. But when it was time to make the difficult decision to close my first one, support was hard to find. According…

The greatest soccer player in the world made a smart move choosing Florida, a state with no income tax. But his first goal is to clear U.S. immigration with a Spanish tax fraud conviction on his resume. On June 24, Philadelphia Union will take on Inter Miami at Subaru Park.…

Inflation at the wholesale level fell more than expected in May, the latest sign that painfully high consumer prices are beginning to loosen their stranglehold on the U.S. economy in the face of higher interest rates. The Labor Department said Wednesday that its producer price index, which measures inflation at…