High Rates Have Been Good for One Corner of the Mortgage Industry. Now What?
Mortgage servicers have benefited in multiple ways from higher rates and a slow housing market.
German Economy Unexpectedly Contracts
Germany gross domestic product declined 0.1% in the second quarter of the year, an unexpectedly weak reading that cools hopes of a […]
Harris Gains With Black Voters, Makes a Play for Georgia
The vice president is rallying voters in Atlanta, looking to capitalize on energy among party’s base.
WPP Names Former BT Chief as Chairman
WPP has appointed Philip Jansen as its next chairman, tapping the former BT chief executive as the advertising giant jockeys for position […]
Euro Could Rise if Eurozone GDP Data Beat Forecasts
The euro could rise modestly if second-quarter eurozone economic growth data due at 0900 GMT exceed expectations, ING said.
China Pledges Steps to Shore Up Flagging Economy
Chinese leaders said they would take more aggressive steps to boost consumer spending and head off a worsening set of economic challenges.
Weak Chinese Demand Outlook Continues to Weigh on Oil
Oil prices hit their lowest level in nearly two months on persistent concerns over weakening demand in China and speculative selling across […]
Metals Mixed Ahead of Fed Meeting
Metals were mixed ahead of the Fed’s two-day meeting and key U.S. data later this week, wirh gold edging up but base […]
Diageo Profits Rise, Targets Return to Sales Growth
Diageo reported an 8% rise in operating profit despite a slight fall in net sales, but said it was confident sales growth […]
Glencore Raises Steelmaking Coal Guidance Despite Output Decline
Glencore said it expects to produce between 19 and 21 million tons of steelmaking coal this year despite overall output largely declining […]
Raiffeisen Bank Beats Profit Views as Russia Exit Progresses
Raiffeisen Bank posted better-than-expected second-quarter profits and said it is making progress on its exit from Russia.
Clariant Cuts Sales Outlook After Price Declines
Clariant reported a decline in second-quarter earnings on lower prices and trimmed its sales guidance.