According to global real estate consultant JLL, although the US-China trade war has cast a shadow over Hong Kong’s economy, the industrial property market continues to be a bright spot. Driven by expansion requirements from logistics compa... Read more
President Donald Trump wouldn’t need to hear much from Chinese officials to at least strike a truce in the trade war between the two sides, a senior administration official told CNBC. Trump and Chinese President Xi Jinping are set to meet... Read more
Not everyone thinks Beyond Meat will live up to the hype that’s sent its stock soaring. Shares of the plant-based meat company have been on a meteoric rise, surging as much as 600% above the IPO price of $25. The stock currently trades aro... Read more
U.S. consumer prices barely rose in May as a rebound in the cost of food was offset by cheaper gasoline. The data pointed to moderate inflation that could increase pressure on the Federal Reserve to cut interest rates this year. The Labor Depart... Read more
U.S. consumer prices increased in April, which could allow the Federal Reserve to keep interest rates unchanged for a while. Personal income rose 0.5% in the month after ticking up 0.1% in March. Savings increased to $990.3 billion in April from... Read more
The yield on the benchmark 10-year Treasury note fell to a 19-month low Tuesday as Wall Street grew more certain that the U.S.-China trade war will last longer and afflict GDP growth more than first thought. The online publishers TOP Quality, 2... Read more
A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued to sideline buyers. Sales of existing U.S. homes fell 0.4% in April compared with March... Read more
The number of Americans filing applications for unemployment benefits fell less than expected last week, which could raise concerns that the robust labor market was losing some momentum. Initial claims for state unemployment benefits decreased 2... Read more
Home shoppers signed 3.8% more contracts to buy existing homes in March compared with February, according to the National Association of Realtors’ Pending Home Sales Index. That was higher than analysts had expected. Sales were 1.2% lower compar... Read more
