By Chibuike Oguh NEW YORK (Reuters) – SL Green Realty Corp’s shares rose on Tuesday, extending gains from the previous session, after some research analysts heaped praise on the real estate investment trust (REIT) for selling a 50% stake in one of its prime New York City office buildings. SL Green announced on Monday that…
By Abhirup Roy and Akash Sriram (Reuters) – Amazon.com Inc’s self-driving vehicle unit Zoox has grown its headcount by about 16% at a time when access to capital is tight and other large companies have exited the autonomous driving sector. Amazon’s shares were 1.2% higher at $128.84 in early afternoon trading. Based in California, Zoox,…
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Tuesday approved Overstock.com’s $21.5 million purchase of Bed Bath & Beyond’s brand name, intellectual property and ecommerce platform. U.S. Bankruptcy Judge Vincent Papalia approved the sale at a court hearing in Newark, New Jersey, saying that he was “gratified” to see a bidder…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slumped over 2% on Tuesday on signals that central banks may not be done with interest rate hikes, while industry data showed lower U.S. crude and gasoline inventories during the peak summer driving season. Brent crude futures settled down $1.92, or 2.6%, at $72.26 a barrel. U.S….
WASHINGTON (Reuters) -Sales of new U.S. single-family homes surged to the highest level in nearly 1-1/2 years in May, benefiting from a dearth of previously owned homes available for sale. New home sales jumped 12.2% to a seasonally adjusted annual rate of 763,000 units last month, the highest level since February 2022, the Commerce Department…
WASHINGTON (Reuters) – President Joe Biden said on Tuesday the United States economy is “strong now” and he does not expect a recession, a day before delivering an economic policy speech in Chicago. Biden delivered his remarks on Tuesday at a private fundraiser in Chevy Chase, Maryland. He will deliver a speech on Wednesday in…
BRASILIA (Reuters) -Brazil’s planning and budget minister, Simone Tebet, said on Tuesday that the country’s central bank is causing “unnecessary noise” by publishing varying comments regarding its plans for the benchmark interest rate. Last week, the country’s central bank maintained its benchmark interest rate at 13.75% for the seventh consecutive time, but took a more…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stock indexes rebounded on Tuesday from a recent losing streak as upbeat economic data soothed investor worries about an imminent recession triggered by the Federal Reserve’s aggressive interest rate hikes. Separate reports showed new orders for key U.S.-manufactured capital goods unexpectedly rose in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets reach the half-way point of the week with a spring in their step, after surprisingly strong U.S. economic data on Tuesday put thoughts of a slowdown or recession to the back of investors’…
By Aishwarya Nair (Reuters) – Circor International Inc said on Tuesday it would proceed with plans to sell itself to private equity firm KKR & Co Inc in a $1.7 billion deal after snubbing an offer from an unnamed bidder, which sources identified as private equity firm Arcline Investment Management. Circor, an industrial machinery maker,…
