by Reuters.com | May 22, 2024 | alerts, Markets/Economy
U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Home sales slipped 1.9% last month to a seasonally adjusted annual rate of 4.14 million units, the National...
by Bloomberg.com | May 22, 2024 | alerts, Markets/Economy
BYD’s Seagull hatchback is set to start Europe sales next year, beating the competition on price Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region’s biggest industries. BYD Co., which overtook Tesla Inc. late last year...
by Bloomberg.com | May 21, 2024 | alerts, Markets/Economy
Scale AI raised $1 billion in one of the year’s largest deals Startup helps tech firms improve data for building AI tools Scale AI Inc., a startup that helps top tech companies improve the data used to build artificial intelligence products, has roughly doubled its...
by Bloomberg.com | May 21, 2024 | alerts, Markets/Economy
Turkey faces ‘existential threat’ of declining population Decrease comes despite new laws to encourage procreation Turkish President Recep Tayyip Erdogan’s campaign to ensure sustainable economic growth by nurturing a larger and younger population faces a grave...
by Bloomberg.com | May 20, 2024 | alerts, Markets/Economy
Firms of all stripes are preparing for the imminent shift to faster US stock settlement — and the issues it may bring. When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days...
by Bloomberg.com | May 19, 2024 | alerts, Markets/Economy
Japan saw sevenfold increase in money lost in latest quarter Government to announce measures to counter scams next month As Japan’s stock market booms, something else is also on the rise in the nation: investment scams. Criminals have been quick to exploit the...
