Business News
The Corcoran Group founder Barbara Corcoran argues that a massive mortgage rate drop would be ‘tremendous’ for the markets during an appearance on ‘Cavuto: Coast to Coast.’ The Federal Housing Finance Agency (FHFA) announced Tuesday it is raising the loan amount limits for mortgages purchased by Freddie Mac and Fannie Mae by 5.2% in 2025, … Read more
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s central bank set a new single policy rate of 8% on Wednesday, easing monetary settings below previously used benchmarks, in an effort to shore up the island nation’s fragile recovery from a deep financial crisis. The Central Bank of Sri Lanka (CBSL) said late on Tuesday that it … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has put its defence minister under investigation in the latest corruption-related scandal to hit the top of the People’s Liberation Army, according to current and former US officials familiar with the situation. Admiral Dong … Read more
Walmart must pay one of its former truck drivers $35 million after a jury found the retailer had falsely accused him of workers’ compensation fraud. A San Bernardino County jury said in a two-part verdict filed last week that former Walmart driver Jesus “Jesse” Fonseca is owed $25 million in punitive damages and $9.7 million … Read more
As the winter season fast approaches, Indians are gearing up for a holiday season like never before. From snow-capped mountains to culturally rich escapes, the trends for this year’s festive season are being defined by a blend of adventure, wellness, and affordability. According to Atlys, a visa processing platform, it’s clear that Indians are on … Read more
(Bloomberg) — CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers around the world. Most Read from Bloomberg Adjusted earnings will be 84 cents to 86 cents per share in the fiscal fourth quarter, CrowdStrike … Read more
imaginima/E+ via Getty Images U.S. oil and gas producers are not likely to raise production significantly during the coming Trump administration, because they will remain focused on capital discipline, a senior Exxon Mobil (NYSE:XOM) executive said Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam
Redfin CEO Glenn Kelman assesses the state of housing, the increase in homebuying demand and weighs in on Federal Reserve Chairman Jerome Powell’s handling of rate cuts. Year after year, rising rent costs in New York City are putting homeownership out of reach for more and more people. But a new report released Monday shows … Read more
Haley Patrick J., Executive Vice President of Commercial at Exelixis, Inc. (NASDAQ:), recently sold 10,000 shares of the company’s common stock. The transaction, which occurred on November 22, 2024, was executed at a price of $35.27 per share, amounting to a total sale value of $352,700. This sale was conducted under a Rule 10b5-1 trading … Read more
Federal Reserve officials support moving “gradually” to lower interest rates on stronger than expected economic growth and fading concerns about the labour market’s health, according to a record of the central bank’s November meeting. Minutes released on Tuesday suggest that the US policymakers no longer see an urgent need to rapidly reach a “neutral” level … Read more