Day: January 10, 2018

Tess Torelli January 10, 2018

Ty Wright | Bloomberg | Getty Images Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio, on Sunday, Dec. 3, 2017. Pent-up demand from the holidays likely fueled the solid jump in mortgage applications last week. Total application volume rose 8.3 percent […]

Tess Torelli January 10, 2018

President Donald Trump on Tuesday signed an executive order directing government departments to try to prevent suicide among military veterans by treating mental health problems before they become more serious. Trump’s order directs the departments of Defense, Homeland Security and Veterans Affairs to ensure all uniformed service members have access to mental health treatment and […]

Tess Torelli January 10, 2018

China is moving to eradicate the country’s bitcoin mining industry over concerns about excessive electricity consumption and financial risk, reflecting authorities’ judgment that cryptocurrencies are not a strategic industry. A multi-agency task force has instructed provincial governments to “actively guide” companies in their respective regions to exit the cryptocurrency mining industry, according to a document […]

Tess Torelli January 10, 2018

No. 2 U.S. homebuilder Lennar on Wednesday reported a much lower than expected quarterly profit due to a delay in the booking of a single large transaction, although orders rose and revenue topped estimates. The company’s shares were down 4.8 percent at $63.50 in light premarket trading. An 11.5 percent rise in orders pointed to […]

Tess Torelli January 10, 2018

Jamie Dimon formally became CEO of J. P. Morgan Chase on Jan. 1, 2006, and Lloyd Blankfein took the reins of Goldman Sachs just six months later. Both executives have successfully steered two of the world’s most celebrated financial institutions through the most turbulent decade for banking since the 1930s. Now that the external environment […]

Tess Torelli January 10, 2018

“The prognosis for the Iranian nuclear deal in 2018 also looks fairly bleak, and the persistent threat of a U.S. sanctions snapback could curtail foreign investment in the Iranian energy sector and imperil output expansion plans,” Helima Croft, global head of commodity strategy at RBC Capital Markets, said in a recent research note. Croft lists […]

Tess Torelli January 10, 2018

Carlos Barria | Reuters President Donald Trump celebrates with Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington, December 20, 2017. With establishment Republicans increasingly embracing President Donald Trump, the moment certainly seems ripe for him to capture more legislative momentum. But the […]