MARKETS

Retail sales fall 0.6% in NovemberCore retail sales drop 0.2%; October sales revised lower Weekly jobless claims decrease 20,000 to 211,000 WASHINGTON, Dec 15 (Reuters) – US retail sales fell more than expected in November, but consumer spending remains supported by a tight labor market, with the number of Americans filing for unemployment benefits decreasing …

US retail sales fall after hefty gains; labor market still tight Read More »

Japan’s December factory activity sees lowest since Oct. 2020The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index fell to a seasonally adjusted 48.8 in December from a final 49.0 in the month of November, marking the lowest reading since October 2020.”Manufacturing firms continued to struggle in the face of subdued demand conditions and severe …

Asia-Pacific markets trade lower as recession fears grow Read More »

It’s been a no good, very bad year for private companies eager to make their debuts on US and global exchanges. Through December 14, there have been just 1,333 initial public offerings worldwide in 2022 which collectively raised $179.5 billion, marking a 45% drop in listings raising 61% fewer dollars compared to 2021.”Amid an environment …

Global IPO activity falls 45% as higher rates crushes deal activity Read More »

Trust has Applied to OTCQX® PHILADELPHIA, Dec. 15, 2022 /PRNewswire/ — PREIT announced today that it intends to transfer the trading of its shares to the OTC Markets, operated by the OTC Markets Group, Inc., under the symbols PRET , PRETL, PRETM, and PRETN, where PREIT has applied to be traded on the OTCQX®. The …

PREIT Announces Plan to Commence Trading on OTC Markets Read More »

Intercontinental Exchange has warned it may pull its gas trading market out of the Netherlands if Brussels presses ahead with a plan to introduce a cap on prices. The stark threat comes as tensions among EU ministers rise following a month of divisive talks over a European Commission proposal to cap the derivatives price of …

ICE warns it may pull gas market from EU over Brussels price cap Read More »

When the Biglaw market moved to the $215K scale in January, it seemed only a matter of time before every major firm adopted that scale. Most moved in the first month of Milbank’s announcement. It was an almost existential decision for firms staring at a white-hot lateral market and bursting at the seams with new …

Am Law 50 Firm Teased An ‘Update’ On Sub-Market Salaries. Update Is: ‘We’re Staying Below Market.’ Read More »

As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility of a bear market rally akin to the July through August 2022 uptrend. The market enters a state of limbo …

Bitcoin Santa Claus rally unlikely, according to on-chain and derivatives data Read More »

As more and more data comes in, the real estate pullback is now becoming evident in real estate-related markets which are now posting lower numbers, as is the case with title insurance, as American Land Title Association (ALTA) are reporting numbers are down 20.6% in the third quarter of 2022 compared to number posted a …

Title Insurance Market Reflecting Changes in Real Estate – theMReport.com Read More »

DETROIT, Dec 15 (Reuters) – The past year was sobering for investors who poured money into Tesla Inc (TSLA.O) and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success.As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc (RIVN.O), which had a higher market …

Electric vehicles confront the leap to the mass market Read More »

What happened These days, investors need good and convincing reasons to invest in the tech sector. On Thursday, with teleconferencing bellwether Zoom Video Communications (ZM -4.12%), they didn’t get any. A new and rather lukewarm analyst take on the company didn’t do its stock any favors, and its price slid by over 4% on the …

Why Zoom Stock Got Trounced by the Market Today Read More »