Author: Press Room

Research shows more seniors are living alone, in larger homes with more empty bedrooms that could be … [+] rented out.Getty Images A new report from Apartment List by Chris Salviati reveals a surging supply of extra bedrooms amid rising demand for cash by seniors facing a retirement income crisis. This intriguing finding raises the question: Can seniors rent out their spare bedrooms to stave off low income in old age? It’s an age-old question, actually. For centuries, widows and other senior ladies (as they were called) took in boarders to make ends meet. As things got better and Social…

Real estate groups led a Wall Street rally on Tuesday, following a softer than expected inflation report earlier in the day.The S&P 500 closed 1.9 per cent higher, with the interest rate sensitive real estate sector leading the way with a 5.4 per cent advance. The SDPR S&P Homebuilders ETF gained 5.9 per cent, its best one-day rise in a year. Utilities advanced 4 per cent.Meanwhile, the tech-heavy Nasdaq Composite gained 2.4 per cent, nothching its biggest one-day gain since April.Treasury yields plummeted, with the yield on the rate-sensitive two-year Treasury note down 0.21 percentage points at 4.83 per cent.…

© Reuters. A man rides a scooter past apartment highrises that are under construction near the new stadium in Zhengzhou, Henan province, China, January 19, 2019. Picture taken January 19, 2019. REUTERS/Thomas Peter/File Photo BEIJING (Reuters) – China’s property sales fell at a faster pace in October and investment in real estate slumped, official data showed on Wednesday, suggesting the crisis-hit sector is yet to emerge from its decline despite Beijing’s recent support efforts. Property sales by floor area fell 20.33% year-on-year against a 19.77% fall in September, according to Reuters calculations based on data released by the National Bureau…

© Reuters. Visitors look at a Toyota Camry car during the Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. Picture taken July 4, 2019. REUTERS/Athit Perawongmetha By Joseph White DETROIT (Reuters) – The next generation of the Toyota (NYSE:) Camry, the best-selling sedan in the U.S. market, will come with only a gas-electric hybrid powertrain, the boldest move yet by the Japanese automaker to push hybrid technology into the heart of the U.S. market. The 2025 Camry will combine a 2.5-liter gasoline engine with an electric drive system tuned to deliver more power in both front-wheel drive and…

© Reuters. European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman (Reuters) -The European Union reached a deal early Wednesday on a law to place methane emissions limits on Europe’s oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas. After all-night talks, negotiators from EU member states and the European Parliament agreed to a law which from 2030 will require importers of , gas and coal into Europe to prove those fuels meet a methane intensity limit. The law will now be put…

gorodenkoff David Einhorn’s Greenlight Capital exited Capri Holdings (NYSE:CPRI) and reduced its position in Green Brick Partners (GRBK) in Q3. Greenlight also increased its stake in Kyndryl (KD), Net Power (NPWR), Herc Holdings (HRI) and Southwestern Energy in Q3, according to its most recent 13F filing. Greenlight added a new position in DHT Holdings (NYSE:DHT). The hedge fund also reduced its stakes in Tenet (THC) and Resideo (REZI). “In August, Capri agreed to be sold to Tapestry for $57 per share and we promptly exited the position,” Greenlight wrote in its Q3 letter to investors on Nov. 8. “Beginning with…

Just weeks into his new job, Speaker Mike Johnson has already learned a valuable, if painful, lesson: Being an uncompromising conservative hard-liner is much easier from the backbenches of the House than it is from the leadership suites.The stopgap spending bill he pushed through the House on Tuesday with overwhelming support from Democrats over the objections of a solid bloc of Republicans was a near-exact replica of the funding package he had opposed six weeks ago, when he was still an obscure lawmaker from Louisiana.But as speaker, Mr. Johnson was forced to bow to the political reality that spending proposals…

Nikki Haley says anonymous social media accounts and bots pose a “national security threat.””Every person on social media should be verified by their name,” Haley told Fox News on Tuesday.When you do that, all of a sudden people have to stand by what they say,” Haley said.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app GOP presidential hopeful Nikki Haley says people need to use their true identities on social media.The former US ambassador to the United Nations made an appearance on Fox News on…

Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.Millennium Management, the $60bn hedge fund led by Izzy Englander, and Schonfeld Strategic Advisors have terminated talks to form a partnership, according to people familiar with the situation.The two multi-strategy fund managers had been in serious talks for several months over a deal for Schonfeld to manage money for Millennium, giving Englander’s fund access to its more than 100 investment teams, the Financial Times reported last month.However, Schonfeld has walked away from the deal after its investors said they would give it…

© Reuters. U.S. Commerce Secretary Gina Raimondo addresses the media during the Indo-Pacific Economic Framework meeting in Detroit, Michigan U.S. May 27, 2023. REUTERS/Rebecca Cook/File Photo By David Lawder SAN FRANCISCO (Reuters) – U.S. Commerce Secretary Gina Raimondo said a ministers meeting on Tuesday had completed three of four “pillars” in the Biden administration’s Indo-Pacific Economic Framework talks on the sidelines of a Pacific Rim leaders summit. Raimondo, made the remark at a bilateral meeting with Japan, one of the 14 IPEF countries in the U.S.-led talks. She did not specify any details of the agreements, but the Commerce Department…