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Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022.

Rocky Markets Giving Macro Funds A Boost

Hedge funds that bet on bonds, currencies, stocks and commodities are among the industry's biggest winners this year easily outpacing growth and tech funds' returns and preparing to see significant inflows of capital as the stock market hovers near bear market territory.
A company logo is seen outside the Tata steelworks near Rotherham in Britain, March 30, 2016.

Tata Steel Says India Export Tax Could Alter Output Targets

India's Tata Steel is concerned New Delhi's sudden decision to impose an export tax on some steel products could force it to review its production targets, if the levy remains in place for a long time, its CEO told Reuters on Tuesday.
A home under construction stands behind a "sold" sign in a new development in York County, South Carolina, U.S., February 29, 2020.

U.S. New Home Sales Hit Two-year Low; Prices Surge

Sales of new U.S. single-family homes tumbled to a two-year low in April likely as higher mortgage rates and soaring prices squeezed first-time buyers and those in search of entry-level properties out of the housing market.
The logo of fashion house Chanel is seen on a store in Paris, France, June 18, 2020.

Chanel May Limit Purchases More In Exclusivity Drive

Chanel could replicate purchase limits on its quilted Classic Flap handbag on other high-end products and in more countries, the French brand told Reuters, as luxury houses tighten their grip on distribution amid soaring demand.

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