Category Archives:
Hybrid-work trend may wipe out $800 billion from office property values by 2030 – McKinsey study
(Reuters) - A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey o...
Jul 13, 2023
UK faces long-term debt surge risk but pressure growing now – budget office
By William Schomberg LONDON (Reuters) -Britain's public debt could surge to more than 300% of annual economic output by the 2070s, up from about 100% now, and the government is not taking measures to ...
Jul 13, 2023
Delta Air forecasts stronger earnings on post-pandemic travel boom
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Thursday lifted its full-year profit outlook after its second-quarter earnings topped Wall Street estimates on a relentless post-pandemic tr...
Jul 13, 2023
US FTC opens investigation into OpenAI – Washington Post
(Reuters) - The U.S. Federal Trade Commission (FTC) has opened an expansive investigation into OpenAI, the maker of viral chatbot ChatGPT, on claims that it has run afoul of consumer protection laws b...
Jul 13, 2023
Chindata says largest shareholder Bain will not sell stake after rival bid
(Reuters) - Chindata Group Holdings said on Thursday Bain Capital, its largest shareholder, did not intend to sell any of its shares in the Chinese data center operator after a rival bid from China Me...
Jul 13, 2023
Bank of Canada’s record tightening campaign exposes lenders’ mortgage risks
By Nivedita Balu TORONTO (Reuters) - The Bank of Canada's interest rate hike on Wednesday and prospects of more increases heighten risks to mortgage lenders as homeowners are likely stay in debt longe...
Jul 13, 2023
Chinese property developer Guangzhou R&F faces bankruptcy restructure demand
HONG KONG/BEIJING (Reuters) -Two creditors of China's Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring, notices in an official database showed, deploying a ...
Jul 13, 2023
PepsiCo raises annual revenue, profit forecasts on price hikes, steady demand
(Reuters) - PepsiCo Inc on Thursday raised its annual revenue and profit forecasts for the second time, banking on resilient demand for its snacks and beverages as well as price hikes. Shares rose 2% ...
Jul 13, 2023
IMF sees ‘pockets of resilience,’ slowing momentum in global economy
By David Lawder WASHINGTON (Reuters) - The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has s...
Jul 13, 2023
Futures point to more gains on Wall St as inflation eases
(Reuters) - U.S. stock index futures edged higher on Thursday following a sharp rally on Wall Street in the previous session as data showed inflation was cooling, with investors looking ahead to produ...
Jul 13, 2023
Peoria, IL, USA
54 °F Sunny
