ECONOMY & MARKETS

NYCB shares plummet amid concerns over real estate assets, while a new chairman takes the helm.

China's slide into deflation came when Japan was snapping out of it. In the third quarter of 2023, Japan's residential property price index rose at an annual rate of 2.4%, following an even more significant rise in the previous two quarters.

US Treasury Secretary Janet Yellen expressed concern Tuesday about the commercial real estate sector in the current environment of higher interest rates -- but added that the overall situation should be "manageable."

Oil prices climbed due to geopolitical tensions stemming from ongoing efforts to negotiate a Gaza truce and U.S. actions against Middle Eastern militants.

Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch a long-running rout.

Mortgage rates underwent substantial fluctuations since the summer, briefly hitting a 20-year high of 8% in October before experiencing a huge drop.

Warren Buffett's unconventional $75 billion investment in Berkshire Hathaway shares over five years has significantly increased shareholder value.

Tech giants, including Meta, Alphabet, and Amazon, report a significant rebound in digital advertising after concerns of a downturn a year ago.

U.S stocks and bonds moved in the opposite direction at the end of last week, caught between a blowout job report and solid earnings from Meta and Amazon.

Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday.

33 onshore exchange-traded funds (ETFs) that track foreign benchmarks excluding Hong Kong saw an inflow of $2 billion in the month of January, Bloomberg reported.

The U.S. economy opened 2024 with a robust labor market, adding 353,000 jobs in January and maintaining a 3.7% unemployment rate.

Asian markets rallied Friday, tracking a surge on Wall Street fuelled by bargain-buying from the previous day's sell-off, while strong earnings from tech titans soothed worries about the impact of higher interest rates on bottom lines.

This dip adds to concerns following New York Community Bancorp reporting challenges in its commercial real estate (CRE) portfolio, raising apprehensions about the industry's overall health.

The Fed's next two policy meetings are set for March 20 and May 1, meaning rate relief could be months away.

Citibank faces a lawsuit from the NY Attorney General, Letitia James, for alleged negligence in protecting customers from scams, and reimbursing fraud victims.

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

The nation's central bank will maintain interest rates steady. It will leave the Federal Funds Rate unchanged at the current 5.25%-5.50% level.

Even as her home country of Cuba crumbled around her, Elsa resisted joining the growing US-bound exodus until she felt she had no options left.

The Federal Reserve's recent meeting maintained interest rates, while sparking speculation about potential cuts as analysts debate between March and May.

The continuation of the rally in equities, which took the S&P 500 and the Dow Jones to yet new highs, came as bond prices and yields remained steady.

Navigate layoff anxiety by separating fact from fiction to building resilience amid economic uncertainty.

The increasing demand for AI technologies has led some companies to strategically scale down headcount in non-profitable areas and reallocate resources toward AI development.

Asian investments are undergoing a seismic shift as Japan's stock markets surge and China's make a steady retreat.

One of the world's prominent mobile network equipment manufacturers, Nokia reported a 23% year-on-year decline in net sales for the fourth quarter, close to €5.7 billion.

Sales of new US homes jumped in 2023, according to government data released Thursday, supported by a lack of inventory in the existing homes market as mortgage rates remained elevated.

Clean-energy projects were the largest driver of China's economic growth in 2023, with Beijing investing nearly as much in decarbonisation infrastructure as total global investment in fossil fuels, according to a report released Thursday.

Microsoft's industry dominance hits new heights with a $3 trillion market cap, propelled by the influence of AI.

SEC's X account hack, involving a SIM swap, instigates market turmoil as investigators delve into the cyberattack's details.