Luxury real estate prices hit an all-time record, Redfin says
Real estate is increasingly a tale of two markets — a luxury sector that is booming, and the rest of the market that continues to struggle with higher rates and low inventory. Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet, luxury real estate sales increased more than 2%, […]
General Motors (GM) earnings Q1 2024
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report its first-quarter earnings before the bell Tuesday. Wall Street expects General Motors to report solid, if not “resilient,” results for the first quarter of […]
Tencent shares soar on early release of hotly anticipated mobile game
Shares of Tencent Holdings Ltd. saw their biggest one-day gain in nearly a year on news the Chinese tech giant will release early a hotly anticipated mobile video game.
Boeing expects slower production increase of 787 Dreamliner
Boeing 787 Dreamliners are built at the aviation company’s North Charleston, South Carolina, assembly plant on May 30, 2023. Juliette Michel | AFP | Getty Images Boeing told employees on Monday that it expects a slower increase in production and deliveries of new 787 Dreamliner planes because of supplier shortages of “a few key parts.” […]
FTC moves to block Tapestry’s acquisition of Capri, saying it would crimp competition for affordable handbags
The FTC said the deal would push prices higher and offer less motivation for either company to compete for workers.
FTC sues to block Tapestry acquisition of Capri Holdings
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. The move by regulators brings at least a temporary halt to a deal that would […]
Brent oil ends at a more than 3-week low as Middle East tensions appear to ease
Global oil prices ended Monday at their lowest since late March as Middle East tensions appeared to ease, calming concerns over the potential for oil-supply disruptions.
UAW VW organizing drive: What investors should know
Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW late Friday – marking […]
Express files for bankruptcy, plans to close nearly 100 stores
Longtime mall retailer Express filed for Chapter 11 bankruptcy protection on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it. Express, whose portfolio includes its namesake banner, Bonobos and UpWest, said it will close 95 of its eponymous shops and all of […]
Treasury yields hold steady as geopolitical tensions cool
Rates on U.S. government debt were slightly higher Monday morning after no major escalation in Middle East tensions over the weekend and a decision by the House of Representatives to pass a $95 billion foreign-aid spending bill.
