Author: Press Room

© Reuters. FILE PHOTO: General view of metal cutting machines inside Gent Machine Co.’s 55-employee factory in Cleveland, Ohio, U.S., May 26, 2021. REUTERS/Timothy Aeppel/File Photo By John Kemp LONDON (Reuters) – U.S. manufacturers reported an unexpectedly widespread fall in business activity in October, postponing the sector’s exit from the prolonged downturn that began in late 2022. Industrial energy consumption appeared to be steadying over the summer but the anticipated rebound will now be pushed back into 2024. The Institute for Supply Management’s manufacturing purchasing managers index slipped to 46.7 (14th percentile for all months since 1980) in October down…

Air Lease Q3 2023 Earnings Preview

© Reuters The US dollar is forecasted to maintain its strength through the end of 2023, despite traditional weakness in the November-December period. This strength is driven by US macro outperformance and a hawkish Federal Reserve. High US rates, described as risk-negative events, are positively influencing the dollar while adversely affecting pro-cyclical currencies in Europe and Asia. Despite these trends, softer US macro data could potentially lead to a weaker dollar. However, significant shifts due to Chinese or European growth re-ratings are seen as unlikely. Notably, high US rates causing disruptions in the financial sector could result in a brief…

President Biden will host officials from 11 countries in the Western Hemisphere on Friday for a meeting intended to address the historic flow of migrants in the region by bolstering the economies of Mexico, Ecuador, Panama and other countries.During the two-hour meeting at the White House, Mr. Biden will announce new efforts to work with the Inter-American Development Bank to help countries in the region modernize their digital and physical infrastructure and to work with countries to help entrepreneurs start new businesses across the hemisphere.He will also announce initiatives intended to support supply chains across the region in areas like…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Two decades ago Vodafone was riding high, pulling off a blockbuster takeover with its 2000 acquisition of German rival Mannesmann in a deal worth £113bn.Now the UK-based telecoms group is making headlines for its retreat, after announcing this week it will exit Spain, one of its main European markets, selling its business there for up to €5bn to a fund founded by two former Virgin Media executives. The retrenchment represents both a humbling for the telecoms group and what investors hope signals a…

© Reuters. Former U.S. President Donald Trump’s son and co-defendant, Eric Trump gestures as he leaves the courtroom after attending the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 2 By Jack Queen NEW YORK (Reuters) -Eric Trump faced a second day of pointed questions on Friday in a fraud trial that threatens to hobble the real-estate empire that vaulted his father Donald Trump to prominence. The former U.S. president’s second son has testified in a New York court that he knew nothing about the financial estimates…

© Reuters. Opendoor (NASDAQ:) Technologies experienced a significant decrease in revenues and home sales for the third quarter of 2023, but managed to return to profitability due to operational improvements. The company reported Q3 revenues at $980 million, marking a 71% decrease from the same period in 2022. The sharp decline was also reflected in the number of homes sold during the quarter, which stood at 2,687, a 68% drop from Q3 2022. Despite these setbacks, Opendoor saw a positive contribution margin, attributing this turnaround to improved cost structures, market share gains, and efficient customer acquisition channels. The firm’s inventory…

BondBloxx US High Yield Telecom Media Technology Sector ETF declares monthly distribution of $0.2599

Two elite universities that have made headlines in recent weeks for their lackluster response to antisemitism on their campuses have raked in billions in taxpayer-backed federal funds in recent years, according to an analysis conducted by OpenTheBooks and provided to Fox News Digital.Harvard University and the University of Pennsylvania have found themselves embroiled in controversy over their handling of antisemitic incidents on campus following Hamas’ bloody attacks on Israelis and Israel’s response. The issues have boiled over in recent weeks, leading to outside pressure from donors and top law firms to do more to protect Jewish students. Some politicians have even questioned whether…