Latest in China's Kaisa forecasts bigger H1 net loss on slower property deliveries
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Ferrari reiterates guidance as China deliveries fall sharply
Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.Business - MarketWatch - 3 days ago -
FirstFT: Uber explored bid for travel website Expedia
Also in today’s newsletter, Kamala Harris locks horns with Fox News interviewer Bret Baier and Wall Street roars backWorld - Financial Times - October 17 -
China to boost lending for stalled property projects to $560bn
Beijing is trying to restore confidence in economy amid prolonged real estate slowdownBusiness - Financial Times - October 17 -
Lucid’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.Business - MarketWatch - October 17 -
JD Vance: Democratic opponents pose ‘bigger threat' than Russia and China
Donald Trump called his domestic political opponents “the enemy from within.” During an interview with Meet the Press, JD Vance explains why he agrees with his Republican running mate.Politics - NBC News - October 26 -
China pledges more financial support for 'whitelist' real estate projects
Ni Hong, China's minister of housing and urban-rural development, made the announcement at a press conference on Thursday.Business - CNBC - October 17 -
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IMF warns on China's property market worsening as it cuts country's growth outlook
In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.Business - CNBC - October 23 -
China's property market is expected to stabilize in 2025 — but stay subdued for years
China's struggling real estate sector may not start turning around until the second half of next year, even with the latest stimulus measures, analysts predict.Business - CNBC - October 30 -
Six cities, one question: is China’s property market turning a corner?
From Shanghai to Guangzhou and Beijing to Foshan, buyers and agents voice concerns ahead of next phase of stimulusWorld - Financial Times - 4 days ago -
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Huge loss on Malibu property doesn’t stop Kanye West from buying a $35 million Beverly Hills mansion
Kanye West isn’t letting a $36 million loss on his most recent home sale stop him from throwing himself back into the real estate market.Business - MarketWatch - 2 days ago -
China to boost financing for approved housing projects to $560 billion to counter property slump
China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industryWorld - ABC News - October 17 -
American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.Business - CNBC - October 24 -
Commercial property’s moment of truth
Interest rates have peaked and activity in several sectors is picking up, but some fear bad news is still to emergeBusiness - Financial Times - October 24 -
Japan’s PM vows to stay on after election debacle
Shigeru Ishiba has presided over a result that threatens to plunge country’s politics into paralysisBusiness - Financial Times - October 28 -
Wise chief executive fined £350,000 over ‘tax issues’
UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his jobBusiness - Financial Times - October 28 -
From intern to CEO: does it pay to be a company lifer?
Executives who spend their career at one place can boost morale and loyalty but risk stifling innovationBusiness - Financial Times - October 28 -
Meta Reports Record Revenue, Slower Ad Growth
The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.Tech - The Wall Street Journal - October 31 -
Hot property: quintessential English cottages
From a traditional thatched cottage to a discreet London hideawayWorld - Financial Times - 3 days ago -
Can I purchase a property anonymously?
I fear my wealth will have an impact on any negotiationsWorld - Financial Times - 3 days ago -
Stellantis Car Deliveries Slump on U.S. Woes
Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.Business - The Wall Street Journal - October 16 -
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Walmart and Amazon threaten US drugstores in prescription delivery
Launch of same-day services adds to pressure on struggling pharmacy chains such as CVS and WalgreensBusiness - Financial Times - October 22 -
Walmart Plans 30-Minute Prescription Deliveries
Medications, other merchandise, and groceries will all be available for rapid drop-off in 20 cities where the retailer is taking on Amazon’s new pharmacies.Business - Inc. - October 23 -
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ASML’s stock tumbles after microchip equipment maker warns of slower recovery
ASML Holding, the Dutch microchip-equipment maker, saw its stock slide after saying the market recovery for semiconductors will take longer than expected.Business - MarketWatch - October 15 -
ASML Expects Slower Semiconductor Recovery, Weighing on Chip Stocks
The company posted orders below analysts’ expectations as chip makers held back spending on key production equipment.Business - The Wall Street Journal - October 15 -
Chrysler and Jeep maker sees North American deliveries dive 36%
Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024Business - MarketWatch - October 16 -
Chip Stock Selloff Persists in Europe, Asia After ASML Warns of Slower Recovery
Chip stocks in Europe and Asia continued to fall Wednesday after Dutch semiconductor-equipment maker ASML Holding warned the recovery for some areas of the industry could extend well into next ...Business - The Wall Street Journal - October 16 -
U.S. economy poised for somewhat slower growth, leading indicators signal
The leading indicators of the U.S. economy fell again in September because of weakness in a few key industries such as housing and manufacturing, but not enough to suggest any sign of major trouble.Business - MarketWatch - October 21 -
Microsoft dips on weak guidance after beating on earnings
Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.Business - CNBC - October 30 -
'Superhuman' Kalkbrenner nets 49 for Creighton
Big East Conference preseason player of the year Ryan Kalkbrenner scored a career-high 49 points in a season-opening win against UT-Rio Grande Valley, the fifth-most scored in a game in Big East ...Sports - ESPN - Yesterday -
Was Israel’s tempered response to Iran prelude to something bigger?
If you were disappointed with the limited Israeli response to the Iranian missile attack in April, then you were likely disappointed with the Israeli military’s attack on Friday.Politics - The Hill - October 30 -
Color Makes a Madrid Studio Apartment Seem Bigger
An architectural firm in Madrid used common materials in both furniture and tiles to set a studio apartment apart from its surroundings.Lifestyle - The New York Times - 20 hours ago
