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The Cost Difference Between Renting and Buying in America’s Largest Cities

One of the biggest financial decisions you will ever make is whether or not to purchase a home. The implications of this potential money move are only compounded if you find yourself in a larger city...

2024-07-26T18:15:07Z

Yellen: Emerging markets share concerns on China's excess factory capacity

By David Lawder RIO DE JANEIRO (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that emerging markets, including some G20 countries, share her concerns about China's excess industrial capacity and should press Beijing to change its economic model. THE TAKE: Yellen told Reuters in an interview that the concerns about China overinvesting in factories and flooding the world with

2024-07-26T23:50:47Z

The Health of the Economy in Every State When Trump Was President

A lot has been written about the national economy during the time of President Biden's predecessor, but the Trump economy you experienced had a lot to do with where you lived during his time in...

2024-06-28T14:41:11Z

50 Cities With the Cheapest Utilities

When summer kicks into high gear and the days get scorching hot, most consumers' first instinct is to turn on the air conditioning. According to the U.S. Energy Information Administration, energy...

2024-07-26T16:15:15Z

Capgemini expects annual revenue to fall on North America market weakness

(Reuters) -French IT consulting group Capgemini said on Friday it now expects its annual revenue to fall compared with the earlier expectation of at least maintaining stable growth, citing weakness in the North American market. The Paris-based group said it now expects its organic sales to fall between 0.5% and 1.5%, compared with the 0-3% rise previously forecast. "The slope of recovery in the

2024-07-26T05:27:42Z

Hermes 2Q sales rise 13% on continued appetite for high-end luxury

PARIS (Reuters) -Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back. Sales at the French luxury group grew to 3.7 billion euros ($4.02 billion), a 13% organic sales rise that strips out currency fluctuations. The figure was in line with

2024-07-25T16:35:42Z

Being boring key to central bank success says SNB's Jordan

ZURICH (Reuters) - Central banking is not boring, although being prepared to carry the label is perhaps the key to success, departing Swiss National Bank Chairman Thomas Jordan said on Saturday. Jordan, who is due to step down at the end of September, defended his record steering the central bank through a raft of crises over the past 12 years. The executive has come under fire for being

2024-07-27T04:41:31Z

US Senate probes Steward Health bankruptcy, subpoenas CEO

By Dietrich Knauth NEW YORK (Reuters) - A U.S. Senate committee opened an investigation into the bankruptcy of privately owned hospital network Steward Health on Thursday, voting to compel the company's CEO to testify at a public hearing in September. Steward, which filed for Chapter 11 protection in May, is attempting to sell its 31 hospitals in bankruptcy. In issuing a subpoena, Senator

2024-07-25T20:11:20Z

Spot work startup Timee shares pop 30% in Tokyo debut

TOKYO (Reuters) - Shares in startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, rose roughly 30% on Friday in their Tokyo stock market debut. The shares opened at 1,850 yen, valuing the company at around $1.1 billion. Timee's app helps users to work shifts lasting as little as one hour at restaurants, convenience stores and hotels in

2024-07-26T04:17:49Z

Indivior reaches $86 million opioid settlement with US states

NEW YORK (Reuters) - Indivior reached an $86 million settlement to resolve the company's role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said Indivior improperly targeted sales of its products to doctors running pill mills. She also said it failed to monitor suspicious orders, causing its products to fuel opioid addiction

2024-07-26T15:24:17Z

These 6 Affordable Cars Should Last Throughout Your Entire Retirement

If you're planning to retire this year or within the next five years, chances are you'll be reviewing whether you should keep your current vehicle or invest in a new car. The car you buy needs to be...

2024-06-20T11:24:35Z

7 Affordable Ways To Upgrade Your Pantry

There's something so pleasing about a well-designed and organized pantry -- and fortunately, you don't need to spend a lot of money to create an Instagram-worthy storage space. GOBankingRates spoke to...

2022-01-28T12:17:57Z

Woes at Qoo10's South Korean e-commerce units intensify as companies cut ties

By Joyce Lee SEOUL (Reuters) - Two South Korean e-commerce platforms owned by Singapore-based Qoo10 slipped deeper into crisis on Friday after failing to make payments to vendors, with companies cutting ties and irate customers thronging their offices demanding refunds. A day earlier, South Korean authorities launched an investigation into Seoul-based TMON and WeMakePrice due to missed payments.

2024-07-26T07:58:09Z

Charles Schwab names Michael Verdeschi as CFO

(Reuters) - Brokerage firm Charles Schwab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing with the U.S. securities regulator on Thursday. Verdeschi, who joined the company in May as the CFO, replaces Peter Crawford who is set to retire after a two-decade stint with the firm. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by

2024-07-25T21:16:25Z

8 States To Move to If You Don’t Want To Pay Taxes on Social Security

Not all states tax equally. In fact, some states impose a tax on the money you withdraw from Social Security. Discover More: Social Security 2024: 6 Changes That Impact Your BenefitsTry This: The...

2023-03-30T11:15:51Z

10 Best Places To Buy a Beach House To Rent Out for Passive Income

Buying a property to use as a short-term rental via sites like Airbnb and VRBO can be a very wise investment -- if you choose the right location. Properties near the beach can be particularly...

2024-07-26T16:14:41Z

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

By Bernardo Caram and Marcela Ayres RIO DE JANEIRO (Reuters) - The first-ever joint declaration by G20 finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday papered over deeper disagreement about the right forum to advance the agenda. Finance ministers and central bankers from the Group of 20 major economies agreed to reference fair taxation of "

2024-07-26T23:50:46Z

Four UK high street banks broke retail competition rules, watchdog says

LONDON (Reuters) - Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain's competition rules, the Competition and Markets Authority said in a statement on Thursday. It did not set out any financial penalties for the breaches, which covered various sections of the Retail Banking Order that sets out banks' obligations to inform customers about their products and

2024-07-25T16:35:39Z

Exclusive-Declining Mexican crude output could shatter energy independence dream

By Stefanie Eschenbacher MEXICO CITY (Reuters) - Mexico's incoming President Claudia Sheinbaum will likely face a new challenge fulfilling the dream of energy independence that led her predecessor to spend $17 billion on a new refinery: a shortfall in domestic crude supply. The country is a major crude producer but output from the country's older oil fields, mostly in the Gulf of Mexico, has

2024-07-25T23:36:52Z

Cold storage REIT Lineage rises 5% in this year's biggest IPO

By Pritam Biswas (Reuters) -Cold storage real estate investment trust Lineage's shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for the year's biggest public offering. Investors have showed a renewed interest for fresh listing in 2024 on hopes of a soft landing for the economy, after the U.S. IPO market remained subdued for over two years due to geopolitical

2024-07-25T17:45:51Z

7 Costco Items To Buy for Your Carry-On Luggage

There's a fine line to tread when shopping for items to go in your carry-on luggage at Costco. While shoppers won't be able to find travel-size items for sale at $1 prices, certain bulk buys and...

2024-07-26T19:30:07Z

Treasury denies 1p and 2p coins are to be scrapped

The comments came after no new copper coins for general circulation were ordered from the Royal Mint this year.

2024-07-25T03:52:17Z

5 Best Grocery Stocks: Which Should You Invest In?

You go to the grocery store to get your healthy greens, from spinach to Romaine lettuce to kale. But what if there was a way for your favorite grocery store to help you find another kind of green?...

2024-07-26T20:15:10Z

Epic Games says Fortnite returning to iOS in EU, leaving Samsung app store

(Reuters) -Videogame company Epic Games said on Thursday its popular title "Fortnite" will be returning to Apple's iOS systems in the European Union soon, amid a long-winded legal battle with the iPhone maker. Epic has been attempting to expand the distribution of its games beyond smartphone companies' official app stores, opposing steep commissions on in-app payments and users being limited to

2024-07-25T22:26:39Z

I’m a Real Estate Agent: Buy Real Estate in These 10 Cities To Be Rich in 10 Years

If you're looking to buy an investment property that will pay off in the (relatively) short term, choosing which city to buy in is key. In some cities where home values are poised to skyrocket over...

2023-06-13T12:16:24Z

Chile sees interest from Rio Tinto, LG, BYD and others for Altoandinos lithium site

SANTIAGO (Reuters) - Rio Tinto, BYD, LG Energy, Eramet and Posco are among the 12 companies that submitted proposals to develop a lithium project in Chile's Altoandinos salt flats, the state-run mining company ENAMI said on Thursday. (Reporting by Daina Beth Solomon and Fabian Cambero; Editing by Anthony Esposito)

2024-07-25T22:26:41Z

3M raises annual profit forecast on cost cuts, demand recovery

(Reuters) -Industrial conglomerate 3M raised the lower end of its annual adjusted profit forecast on Friday, looking to benefit from its restructuring measures and increasing demand for electronics, sending its shares up more than 7% before the bell. The company last year cut its global workforce by 10%, switched to an export-led business model, closed several facilities and spun off Solventum ,

2024-07-26T11:48:42Z

Here's how much it can cost a family of four to live across 10 major Asian cities

Here's approximately how much a family of four will pay for cost of living in these 10 major Asian cities.

2024-07-26T04:32:39Z

9 Southern Cities Where Home Prices are Plummeting

Between high mortgage rates, soaring home prices and low inventory, homeownership continues to be just out of reach for many prospective homebuyers. But last quarter, some Southern cities...

2024-05-13T15:17:02Z

Exclusive-Mexico seeks more 2025 fuel import deals after refinery delays

By Stefanie Eschenbacher, Shariq Khan and Trixie Yap MEXICO CITY/NEW YORK/SINGAPORE (Reuters) - Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery, half a dozen traders said, marking an about-turn by state energy company Pemex. The purchases for next year signal that the refinery would not

2024-07-26T10:28:43Z

Private equity giant Apollo invests $700 million in Sony Music

(Reuters) - Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in "high grade" alternative assets. Apollo did not reveal the terms of the deal with Sony, which works with artists such as Lil Nas X and Celine Dion. Booming demand for alternative investments has boosted the appeal

2024-07-26T15:29:20Z

10 Car Brands That Are the Most Expensive To Insure

There are a number of factors that could make a car more expensive to insure. Of course, insurance for high-priced luxury car brands is typically harder on the budget, but sticker price is not the...

2024-07-18T11:12:32Z

Six banks settle European bond price fixing litigation in New York

By Jonathan Stempel NEW YORK (Reuters) - Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds. A preliminary settlement with Bank of America, Citigroup, Jefferies, NatWest, Nomura and UBS was filed late Friday in Manhattan federal court, and requires a judge's

2024-07-26T23:50:40Z

Light maker Signify's Q2 adjusted core profit misses forecasts

(Reuters) - Signify, the world's biggest maker of lights, reported second-quarter adjusted core profit on Friday that missed expectations, hit by a decline in the conventional lighting sector and persisting market softness in China. Adjusted earnings before interest, taxes and amortisation (EBITA) dropped 13.2% on the year to 118 million euros ($128.11 million), falling short of the 138 million

2024-07-26T05:27:35Z

Japan's Nikkei falls for eighth straight day amid a broader gain in Asia-Pacific markets

Inflation in Japan's capital city of Tokyo is widely considered a leading indicator of price increases in the country.

2024-07-25T23:41:29Z

US sues Citron Capital and founder Andrew Left for alleged market manipulation

(Reuters) -The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud. Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm's position once the stocks moved, the SEC alleged. The Justice

2024-07-26T13:03:54Z

Yellen says Japan explained 2022 FX intervention, Nikkei reports

TOKYO (Reuters) - U.S. Treasury Secretary Janet Yellen said Japan had explained its intervention into the currency market in 2022, the Nikkei Business daily reported on Saturday. "The Japanese government did explain to us that they saw volatility," Yellen told the Nikkei, referring to Japan's forex intervention in 2022. "There had been quite large movements in a short period of time. Not,

2024-07-26T23:50:39Z

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion

(Reuters) - Nasdaq said on Friday private equity firm Thoma Bravo will sell 41.6 million shares in the exchange operator through a secondary public offering. Based on Nasdaq's last close, the offering will raise $2.79 billion for its top shareholder Thoma Bravo. Nasdaq shares fell 2.7% after the bell. The offering will reduce Thoma Bravo's stake in Nasdaq to 7.4% from nearly 14.9%. Nasdaq said

2024-07-26T21:25:23Z

Chile's Codelco says output falls 8% in first half of 2024

SANTIAGO (Reuters) -Chile's Codelco, the world's largest copper producer, on Friday posted a 8.4% drop in output for the first half of 2024 compared with the same period last tear, at 579,785 metric tons. The state-owned miner said its pre-tax profit from January to June totaled $653 million, against a loss of $316 million in the same period last year. Coldelco has said this year's output should

2024-07-26T15:24:17Z

Cold storage REIT Lineage rises 5% in the biggest IPO of 2024

By Pritam Biswas and Echo Wang (Reuters) -Cold storage real estate investment trust Lineage's shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for the year's biggest public offering so far. Investors have showed renewed interest for fresh listings in 2024 on hopes of a soft landing for the economy, after the U.S. IPO market remained subdued for over two years due

2024-07-25T19:01:00Z

Rio Tinto, BYD and LG Energy show interest in Chile's Altoandinos lithium site

SANTIAGO (Reuters) -Twelve companies including global miner Rio Tinto and Chinese electric vehicle maker BYD have submitted proposals to extract lithium in Chile's Altoandinos salt flats, the state mining company ENAMI said on Thursday. The salt flats in the northern region of Atacama are one of the areas where the Chilean government is aiming to boost lithium production in partnership with the

2024-07-25T23:36:48Z

TSX rises at open after US inflation data

(Reuters) - Canada's main stock index rose on Friday, led by gains in materials sector, while investors cheered U.S. data that showed inflation rose moderately in June, keeping hopes of a U.S. rate cut intact for September. At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 111.47 points, or 0.49%, at 22719.5 points at open. (Reporting by Shubham Batra in

2024-07-26T14:14:10Z

Toymaker Hasbro's turnaround efforts buoy quarterly results, shares rise

(Corrects James Zahn's designation in paragraph 3 to editor in chief at The Toy Book, not senior editor) By Savyata Mishra (Reuters) - Hasbro posted a smaller-than-expected drop in second-quarter sales and beat profit expectations, helped by cost-control measures and steady demand for digital gaming, sending shares of the toymaker up 7% in early trading on Thursday. The Nerf toy gun maker's

2024-07-25T16:40:36Z

India's central bank fines Visa for unauthorised payment method

BENGALURU (Reuters) -The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank said on Friday. "It was observed that the entity (Visa) had implemented a payment authentication solution without regulatory clearance from RBI," the central bank said in a statement, without

2024-07-27T06:11:47Z

Harley-Davidson's profit beats on strong demand for pricier Touring bikes

By Kannaki Deka (Reuters) -Harley-Davidson's second-quarter profit beat Wall Street estimates, helped by strong demand for pricier Touring bikes during the summer riding season, sending the company's shares up more than 8% on Thursday. The company's focus on its more expensive bike models to pad margins paid off as the industry grappled with most consumers cutting back on non-essential purchases

2024-07-25T16:35:39Z

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports

(Reuters) -Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global, CNBC reported on Friday. Diller in an interview with CNBC said it is "hard to predict, but think it's over for us". IAC was among the suitors for the coveted Paramount Global, which scored a deal with David Ellison's Skydance Media early in July. Diller said in the

2024-07-26T11:49:41Z

7 Best Items To Buy at Five Below for the Second Half of 2024 To Save Big Money

As we navigate through the second half of 2024, many of us are looking for ways to save money. Five Below, known for its wide variety of affordable items, is a treasure trove for budget-conscious...

2024-07-26T20:15:12Z

10 Ways To Build Wealth Fast

Wealth-building is a process that generally takes time. Although the idea of becoming an overnight millionaire is appealing for many, the only real way to get rich overnight is an inheritance or a...

2022-01-20T17:44:51Z

What Is the Median Household Income for a Family in Every State

Compare median household incomes for families by state, and you'll find some very large discrepancies, so says the U.S. Census Bureau's American Community Survey. The survey sliced its data a couple...

2024-07-26T18:15:10Z

Dexcom shares plunge after it cuts annual revenue forecast

(Reuters) - Medical device maker Dexcom cut its annual revenue forecast on Thursday, blaming a restructuring of its sales team, fewer customers, and lower revenue from each customer, sending its shares plummeting 40% in extended trading. The company expects 2024 revenue of about $4 billion to $4.05 billion, compared with its previous forecast of $4.20 billion to $4.35 billion. Analysts on an

2024-07-25T22:26:31Z