Global stocks were mixed on Thursday as Europe prepared for key elections, the United States awaited influential inflation data and a presidential debate and Japan considered moves to strengthen the yen. The Japanese currency scraped only a small gain against the dollar after hitting a 38-year low on Wednesday, putting investors on alert for possible […]
New York CNN – Help may not be on the way for first-time home buyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America warned this week that the U.S. housing market is “stuck and we’re not convinced it’s going to stall” until 2026 — or later. The bank
The number of ongoing applications for unemployment benefits hit its highest level since November 2021 last week, adding to signs that the labor market is cooling as unemployed workers struggle to find new jobs. New data from the Labor Department showed that about 1.84 million claims were filed in the week ending June 22, up
A GAC Aion Hyper SSR electric sports car is on display during Auto Guangzhou 2023 at the China Pazhou Import & Export Fair in Guangzhou, China’s Guangdong Province, in November. 17, 2023. Vcg | Visual China Group | Getty Images Chinese automakers are expected to continue expanding rapidly outside their home country to reach 33%
The used electric vehicle (EV) market is collapsing across the country, and the Seattle area is not immune. The reason is simple: nobody wants to drive electric vehicles, and people who bought them regret their decision. And yet the Democrats are still pushing us toward a future that no one wants and for which we
Main points Companies that plan strategically in 2023 are in an advantageous position to benefit from the resurgent US IPO market in 2024. Despite continued high interest rates, debt markets have remained healthy in 2024, with a significant number of refinancings and new capital raising transactions. The M&A market, including the increasingly popular joint venture
Webtoon logo for the 8/17 release Webtoon WEBTOON Entertainment, the company that has changed the way the world reads comics while building a pipeline for turning popular IP into streaming media, movies, animations, games and graphic novels, had its highly anticipated IPO today. The company, listed on NASDAQ under the symbol WBTN, appeared at an