New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available homes for sale. In a letter Monday addressed to…
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund manager Paul Tudor Jones said Tuesday it’s an extremely tough time to be an investor in risk assets amid escalating geopolitical tensions and the dire fiscal position in the U.S. “It’s a really challenging time…
Palantir headquarters in Palo Alto, California, May 10, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Palantir Technologies — Shares of the data analytics company added 2.3% on news that the U.S. Army awarded the company a $250 million contract to test and develop artificial…
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting to buckle for the first time in a decade. He’s blaming a list of headwinds weighing on consumers including inflation, higher interest rates, federal budget…
Market Movers rounded up the latest reactions on Disney from investors and analysts. The pros, including Jim Cramer , discussed the entertainment giant after activist investor Nelson Peltz’s firm, Trian Fund Management, increased its stake in Disney to roughly 30 million shares . The move makes the firm one of Disney’s largest shareholders. Trian is…
The USS Truxtun (DDG-103) destroyer sits in dry dock at the General Dynamics Corp. NASSCO shipyard facility on the Elizabeth River in Norfolk, Virginia, on Jan. 9, 2018. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Spotify — Shares of the music streaming service company fell 2.5%…
An Exxon gas station sign in the Brooklyn borough of New York City, Oct. 6, 2023. Michael M. Santiago | Getty Images Check out the companies making headlines before the bell: Walt Disney — Shares of the media giant rose more than 1% after The Wall Street Journal reported that activist investor Nelson Peltz’s Trian…
A close-up of a sign of Britain’s Metro Bank. Matthew Horwood | Getty Images LONDON — Shares of the U.K.’s Metro Bank were sharply higher Monday morning, after the lender on late Sunday announced it had secured a £325 million ($395.6 million) capital raise and £600 million in debt refinancing. The capital raise includes £150…
Passengers return from Nanjing Railway Station in Nanjing, Jiangsu province, China, Oct 6, 2023. Nurphoto | Getty Images BEIJING — China’s big “Golden Week” holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover, according to official figures. Those numbers for the eight-day holiday that ended Friday also…
Smoke rises following Israeli strikes in Gaza, October 8, 2023. Mohammed Salem | Reuters BEIJING — China called for a ceasefire in the Israel-Hamas conflict — and for “establishing an independent State of Palestine,” according to a Ministry of Foreign Affairs statement Sunday. “The fundamental way out of the conflict lies in implementing the two-state…
