U.S. housing starts rise, building permits fall to eight-month low

WASHINGTON (Reuters) – U.S. homebuilding increased more than expected in June, but permits for future home construction fell to an eight-month low, likely reflecting uncertainty caused by expensive building materials as well as shortages of labor and land.FILE PHOTO: A

Stocks recover even as global recovery fears linger

LONDON/HONG KONG (Reuters) – European shares bounced back from their worst day of the year on Tuesday, but German bond yields slipped to fresh five-month lows as a reminder that investors remained worried the spread of the Delta coronavirus variant

Bally Taps Chinese Actor Johnny Huang as Global Brand Ambassador

MILAN — Signaling the increasing importance of the Chinese market for Bally and for the luxury sector at large, the Swiss company has named Chinese actor Johnny Huang its new global brand ambassador — and it’s already planning plenty of

Evergrande shares, bonds slump after unit's bank deposit frozen

HONG KONG (BLOOMBERG) – China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts. The stock tumbled 7

Elle Teams Up With Verishop for Custom Beauty Collection

As more media brands dive deeper into the beauty market as part of their wider e-commerce plans amid floundering print advertising revenues, Elle is no exception. The Hearst-owned brand is teaming up with Verishop, the shopping platform founded by former

New Zealands financial markets watchdog sees increase in insider trading complaints during Covid-19

New Zealand’s financial markets watchdog has seen an increase of insider trading complaints in the Covid-19 era. The Financial Markets Authority (FMA) today published its annual corporate plan for the 2021-22 year, which sets out the government agency’s activities that

The Pandemic Safety Net Is Coming Apart. Now What?

One by one, pandemic relief programs that financially supported millions of Americans are going away. With legislative packages worth trillions of dollars, the federal government wove a temporary safety net that provided help for people dealing with lockdowns, job losses