Brookfield Asset Management Inc said on Tuesday it would buy Forest City Realty Trust Inc in a deal valued at $11.4 billion, including debt, months after Forest City ceded board control to activist shareholders.
U.S. stocks opened higher on Tuesday as technology stocks rebounded after a widespread sell-off in the previous session and on a report that the U.S. and China seek to restart talks on trade.
The average outstanding balance for student loan borrowers is $34,144. The average student loan debt for college graduation class of 2017 was about $39,400. And over time, the stress from that debt burden takes a toll on relationships. …read more […]
U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
The Federal Reserve is expected to keep interest rates unchanged on Wednesday, but solid economic growth combined with rising inflation are likely to keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates.
Wall Street was set to open higher on Tuesday as technology stocks looked to rebound after a widespread sell-off in the prior session and as economic data showed U.S. consumer spending rose solidly in June.
Paul Manafort’s trial begins Tuesday, and former federal prosecutor Andrew McCarthy says that the trial won’t have any effect on special counsel Robert Mueller’s investigation. …read more […]
U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
U.S. labor costs increased in the second quarter as employers boosted benefits for workers, leading to the largest annual increase since 2008.
Britain’s financial watchdog should get new powers to regulate business loans after it was unable to punish Royal Bank of Scotland for its “deficient” treatment of customers, lawmakers said on Tuesday.
Pfizer Inc topped Wall Street estimates for quarterly profit on Tuesday, driven by higher sales of its cholesterol and arthritis drugs, but the biggest U.S. drugmaker lowered its full-year revenue forecast due to a stronger dollar.
U.S. stock index futures edged higher on Tuesday, with technology stocks looking to bounce back after a widespread sell-off in the earlier session on rising concerns about the future growth of high-flying companies.
These two high-yield energy stocks are fairly evenly matched, but one expects to outgrow the other. …read more […]
Procter & Gamble Co’s quarterly sales fell below Wall Street estimates on Tuesday, as the consumer products company had a disappointing performance at its grooming unit that makes Gillette razors and shaving products.
With toilet roll and tissues swept up in an escalating international trade row, it’s not just Procter & Gamble’s Charmin that’s going to get the squeeze.
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