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UK House Price Growth Eases in Second Quarter

UK House Price Growth Eases in Second Quarter

House price growth remained subdued in the UK in June, with buyer enquiries and consumer confidence muted in a trend which is expected to continue in the coming months, data from a report showed on Tuesday. The Nationwide House Price Index posted a reading of 428.2 in June compared to 427.6 in May. The index, which is based on data […]

Asian ADRs Trading Higher

Asian ADRs Trading Higher

American depositary receipts of Asian stocks were trading 1.26% higher at 1,446.03 on the BNY Mellon Asia 50 ADR Index on Thursday. In North Asia, the gainers were led by B2B platform JMU Limited (JMU) and Autohome (ATHM), which climbed 8.7% and 4.1% respectively. They were followed by semiconductor company ASE Industrial Holding (ASX) and Fang Holdings (SFUN), which rose […]

Equities Lower in Early U.S. Trade

Equities Lower in Early U.S. Trade

Stocks edged lower in early trading on Tuesday, with investors awaiting Federal Reserve Chair Jerome Powell’s speech later in the day, with a mixed session so far for the Standard & Poor’s 500 sectors. Powell is set to speak at 1pm ET in New York on the economic outlook and monetary policy review, according to the Fed’s website. It comes […]

U.S. Jobless Claims Lower Than Expected Last Week

U.S. Jobless Claims Lower Than Expected Last Week

Claims filed for first-time unemployment benefits in the US fell more than expected last week to remain at a level that is low by historical standards. Seasonally adjusted initial claims came in at 216,000 in the week ended June 15, according to data published by the Labor Department on Thursday. This was 6,000 more than the unrevised level registered a […]

Equities Strengthen in Early Trading

Equities Strengthen in Early Trading

Stocks were cautiously higher in early trading Monday as attention turned to the Federal Reserve’s meeting this week and speculation over whether policy makers will hold rates, or offer clues about future cuts, while merger news drive some names well into the green. Communication services and real estate were the strongest performers on the Standard & Poor’s 500, both up […]

Chico’s Shares Rise Despite Lowering of Full-Year Sales Guidance

Chico’s Shares Rise Despite Lowering of Full-Year Sales Guidance

Chico’s FAS (CHS) shares popped more than 15% on Tuesday after the fashion retailer lowered its full-year sales guidance but posted better-than-expected fiscal first-quarter results. The Fort Myers, Fla.-based company, which also operates the White House Black Market and Soma brands, said it now expects a low to mid-single digit decline in total net sales and comparable sales in the […]

Chipmakers Lifting Tech Stocks to Outsized Advance

Chipmakers Lifting Tech Stocks to Outsized Advance

Top Tech Stocks IBM +3.05% AAPL +2.99% CSCO +2.39% MSFT +1.64% GOOG +1.61% Technology stocks were helping lead Tuesday’s equity market recovery, with the shares of tech stocks in the S&P 500 climbing 1.7% while the Philadelphia Semiconductor Index was rising 3.4%. Among technology stocks moving on news: (+) ASGN Inc (ASGN) climbed 6.6% after the IT staffing firm announced […]

Bond Prices Trim Gains, Equities Find Some Footing; Curve Inverts Deeper

Bond Prices Trim Gains, Equities Find Some Footing; Curve Inverts Deeper

US Treasury prices pared early gains after having shot higher Friday following a stampede to safety overnight after the US threatened to slap tariffs on Mexican goods. The latest kerfuffle adds to an already tense trade situation between the US and China, an array of European woes and weakening global data. The 2-year had a commanding lead on the rally […]

Proxy Advisory Firm ISS Backs Nominees from Bow Street for Mack-Cali Realty Board

Proxy Advisory Firm ISS Backs Nominees from Bow Street for Mack-Cali Realty Board

Investment firm Bow Street, mired in a proxy fight with Mack-Cali Realty (CLI), said on Friday independent proxy advisory firm Institutional Shareholder Services (ISS) has recommended Mack-Cali shareholders to vote for Bow’s three nominees to the board at the shareholders’ meeting on June 12. “[Bow Street] has presented a compelling case that the replacement of several long-tenured directors with independent […]