Real Estate Investment Trust (REIT) stocks are having a rough year as interest rates remains at an elevated level. Government bond yields have risen to near 5% and the Fed has hinted that it will deliver just two rate cuts this year. The Vanguard Real Estate ETF(VNQ) has dropped by…
Shares of British pharmaceutical giant GSK surged on Wednesday after the company raised its long-term sales forecast and reported strong financial results for 2024. The stock climbed 5.9% in early trading, making it the top performer on the FTSE 100 and on track for its biggest one-day gain since 2022.…
Stock futures fell on Tuesday as China took retaliatory action against new US tariffs by imposing its own levies on select American goods. In a further escalation, China also opened an investigation into Alphabet’s Google for possible antitrust violations, adding to the market’s uncertainty. Futures related to Dow Jones Industrial…
Brazil’s federal tax auditors have launched a strike that threatens to disrupt government revenue collection, putting the country’s fiscal stability at risk. The National Union of Tax Auditors (Sindifisco Nacional) warns that tax settlements worth over 15 billion reais ($2.6 billion) could be delayed, dealing a blow to President Luiz…
Santorini, one of Greece’s most iconic tourist destinations, is experiencing intense seismic activity, with hundreds of tremors rattling the island over the past few days. A magnitude 5.3 earthquake struck east of the island on Tuesday, following a series of smaller tremors that have shaken the region. As fears of…
All 67 victims of last week’s fatal mid-air collision between an American Airlines regional jet and a US Army Black Hawk helicopter have been recovered, officials confirmed on Tuesday. Rescue teams spent several days retrieving debris from the CRJ-700 aircraft, including its engine, fuselage, and other wreckage submerged in the…
President Donald Trump has announced a controversial plan for the United States to take control of the Gaza Strip and spearhead its economic redevelopment. This marks a complete departure from longstanding US policy on the Israeli-Palestinian conflict. Speaking alongside Israeli Prime Minister Benjamin Netanyahu at a press conference on Tuesday,…
Shares of Honda and Nissan climbed on Wednesday following a report that the Japanese automakers were considering calling off their high-profile merger discussions. The Asahi Shimbun newspaper, citing sources, said the boards of both companies were preparing to formally terminate negotiations, which had been in progress since last year. Following…