Home Tags Markets and Economy

Tag: Markets and Economy

New data shows 1 in 4 luxury apartments in New York City are unsold — and it could be signaling a recession is near

"Demand for high-priced condos seems likely to be an early casualty of a potential future recession," StreetEasy said in a report.

The London Stock Exchange rejected its Hong Kong rival’s $37 billion takeover bid, saying the Refinitiv deal is ‘on track’

The LSE board said it had concerns about the "key aspects of the conditional proposal: strategy, deliverability, form of consideration and value."

Consumer confidence dropped to a record low this month amid trade-war fears, Bank of America says

"The consumer appears to be rattled by the latest escalation in the US-China trade war," Bank of America economists wrote in a note Wednesday

US business owners plan to pull back on hiring and investing if the trade war continues, according to a new UBS survey

If the trade war continues, only 13% of businesses would increase hiring, and 11% would increase business investment according to the UBS survey.
The exchange world is a shark tank of bids lately.

The Hong Kong Exchange’s bid for the LSE would thwart the London firm’s $27 billion Refinitiv deal. Here’s why that’s a ‘...

The Honk Kong Stock Exchange proposed a $37 billion takeover of the London Stock Exchange. It will face quite a few hurdles, analysts say.
Charles Li, CEO of Hong Kong Stock Exchange.

Hong Kong Stock Exchange just proposed a $37 billion deal to buy the London Stock Exchange

The Hong Kong exchange announced the proposal on its website, saying the deal would require the LSE to drop its planned $27 billion takeover of Refinitiv.

Gold could soar to its highest level since 2013 if the Fed keeps cutting rates, economist says

"Gold nudged up on the latest tit-for-tat US-China trade measures and is looking to move higher with more Fed rate cuts," said Harry Tchilinguirian.

The ever-escalating trade war with China has brought the US to the brink of recession, a top economist warns

Trade tensions over the last week show "25% is not a ceiling on tariffs" and makes business outlooks less certain, wrote Seth Carpenter of UBS.
Worried investors are plowing into the haven-like commodity.

Spooked traders are to a 6-year high after yet another warning on a slowdown in global trade

"Investors have piled into gold because, fundamentally, they are worried about the state of the global economy," says one analyst.