Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter.
Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens like the Japanese and Swiss currencies, as well as gold.
A drop in technology stocks on Monday kept pressure on Wall Street and led the Nasdaq lower, but the S&P 500 and Dow Jones Industrial Average eked out slim gains as defensive sectors rose, while traders also pointed to technical support.
French planemaker Dassault Aviation will nudge up production rates on certain business jet models, including its Falcoln 8x and 2000 jets, Chief Executive Eric Trappier said on Monday, a sign of broader industry demand for corporate aircraft.
Industrial gases maker Linde said on Monday it had completed work with the staff of the U.S. Federal Trade Commission (FTC) on remedies to secure approval for the proposed merger with Praxair and that the package had been submitted to the FTC’s Commissioners.
The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer’s demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.
Britain’s Burberry said on Monday it would start releasing limited edition clothes and products every month, joining a growing number of rivals in the luxury sector trying to churn out collections more frequently to keep clients hooked.
U.S. stocks fell on Monday, coming off their worst five-day drop in seven months last week, as Apple led technology stocks lower and tensions between Western powers and Saudi Arabia added to already frayed investor nerves ahead of earnings.
Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin, the asset manager said on Monday.
Bank of America Corp’s loan growth lagged rivals and fees from advising on deals and underwriting bonds fell in the third quarter, sending its share price almost 3 percent lower, even as profit beat expectations.
U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over economic growth, with investors flocking to traditional safe havens like the Japanese and Swiss currencies, as well as gold.
AstraZeneca will keep its freeze on manufacturing investments in Britain if the country’s exit from the European Union fails to give enough clarity on future trading relations, the drugmaker’s chairman was quoted as saying on Monday.
Germany’s Transport Ministry said on Monday it would order roughly 100,000 Opel vehicles to be recalled as part of an emissions probe, after prosecutors searched the carmaker’s offices earlier in the day.
U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months.
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