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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."
"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 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.
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.
Germany’s economy is flopping and the manufacturing sector just keeps declining — here’s why recession could be around the corner
The global economic slowdown has hit German manufacturing hard.
"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.
"Investors have piled into gold because, fundamentally, they are worried about the state of the global economy," says one analyst.