Category: Economy

U.S. new home sales hit one-and-a-half-year high on lower mortgages, prices

WallStreetReview
U.S. new home sales hit one-and-a-half-year high on lower mortgages, prices
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo The third straight monthly increase reported by the Commerce Department on... Read More

U.S. to end all waivers on imports of Iranian oil, crude price jumps

WallStreetReview
U.S. to end all waivers on imports of Iranian oil, crude price jumps
WASHINGTON (Reuters) – The United States on Monday demanded that all buyers of Iranian oil stop purchases effective May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. The Trump administration’s move on Monday not to renew exemptions granted last year to major... Read More

U.S. prepares to end Iran oil waivers; Asian buyers to be hardest hit

WallStreetReview
U.S. prepares to end Iran oil waivers; Asian buyers to be hardest hit
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. FILE PHOTO: Gas flares from an oil production platform at the Soroush... Read More

U.S. prepares to end Iran oil waivers, triggering price spike

WallStreetReview
U.S. prepares to end Iran oil waivers, triggering price spike
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. FILE PHOTO: Gas flares from an oil production platform at the Soroush... Read More

U.S. prepares to end exemptions on Iran sanctions, and oil prices soar

WallStreetReview
U.S. prepares to end exemptions on Iran sanctions, and oil prices soar
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. FILE PHOTO: Gas flares from an oil production platform at the Soroush... Read More

U.S. prepares end to Iran sanctions waivers, triggering oil price spike

WallStreetReview
U.S. prepares end to Iran sanctions waivers, triggering oil price spike
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent rise in crude prices. FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the... Read More

Financial market ‘pause party’ makes Fed rate cut less likely

WallStreetReview
Financial market ‘pause party’ makes Fed rate cut less likely
WASHINGTON/NEW YORK (Reuters) – Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs and investors are stockpiling the lowest-grade corporate bonds with only a smidgen of extra compensation for the added risk. Traders work on the floor at the New York Stock Exchange... Read More

Pinterest, Zoom shares surge in market debuts after IPOs

WallStreetReview
Pinterest, Zoom shares surge in market debuts after IPOs
(Reuters) – Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings. That bodes well for the U.S. IPO market as ride-hailing company Uber Technologies Inc prepares for its highly anticipated debut, particularly with shares in smaller rival... Read More

U.S. retail sales, labor market data paint upbeat economic picture

WallStreetReview
U.S. retail sales, labor market data paint upbeat economic picture
WASHINGTON (Reuters) – U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start. The economy’s enduring strength was reinforced by other data on Thursday showing the number of Americans... Read More

Pinterest, Zoom shares surge in market debut after IPOs

WallStreetReview
Pinterest, Zoom shares surge in market debut after IPOs
(Reuters) – Shares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion and signaling increased investor appetite for new tech listings. The successful debut bodes well for the U.S. IPO market as it readies for the much-awaited listing of ride-hailing giant Uber Technologies, particularly after smaller rival... Read More