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  • Forget July's slump in new-home sales, mortgage rates are reviving the housing market

    U.S. new-home sales up 4.3% vs. a year ago despite July dip. The numbers: Sales of new U.S. homes have zig-zagged up and down for months, but they appear to be creeping higher again overall with mortgage rates falling to multiyear lows. The government on Friday said new-home sales fell almost 13% in July to an annual rate of 635,000, but there's a huge caveat.

  • Oil prices may drop back toward the year's lows near $50 a barrel

    China is world's largest oil importer, US is largest producer. China announced plans for retaliatory import tariffs on U.S. goods on Friday, sinking U.S. oil prices and putting them on a path toward the year's lows near $50 a barrel. China will take retaliatory measures on the U.S., specifically on crude oil, Jace Jarboe, a futures and options broker with Daniels Trading in Chicago, told MarketWatch.

  • La Costa Glen, Once Again, Honored as a Great Place to Work

    CARLSBAD, Calif. The Carlsbad-based retirement community was recognized after a thorough analysis of confidential employee surveys. "It's truly an honor to be certified as a Great Place to Work two years in a row, and what makes this recognition particularly meaningful is that it's based entirely on feedback from our team members," says Keith Kasin, Executive Director at La Costa Glen.

  • Papers Outline Increased Fed Focus on Global Factors and Communication

    JACKSON HOLE, Wyo.-- Two papers presented at the Kansas City Fed's policy symposium on Friday offered recommendations for central bankers to improve policy-making during a period of increased economic uncertainty. The first made the case for paying greater attention to global developments in setting policy, which can be a tricky task given how elected leaders could look askew at central bankers focusing on anything but short-run domestic considerations.

  • FOREX-Dollar tumbles as U.S.-China trade tension intensifies

    The U.S. dollar dropped broadly on Friday after President Donald Trump ordered U.S. companies to start looking for an alternative to China after Beijing imposed more tariffs on American goods, ...

  • Shoppes at Parisian Launches Exclusive, Personalised Shopping Service

    MACAO, Aug. 23, 2019  Shoppes at Parisian has launched the exclusive Parisian Privé Styling Suite, an intimate, bespoke suite where guests can enjoy a 30-minute to three-hour personalized consultation service with a fashion stylist for the latest looks as well as makeup and gift recommendations.

  • Trump orders U.S. firms out of China after Beijing sets new tariffs

    * Trump says U.S. "far better off without China" * China sets tariffs of 5% or 10% on $75 bln in U.S. goods. * Targeted goods include soybeans, beef, pork, crude oil. * U.S. president meeting with trade team -official. By David Lawder and Se Young Lee.

  • Policy rule could help shield Fed from Trump pressure -economist

    • BY Reuters|
    • 12:55 PM ET 08/23/2019

    The Federal Reserve ought to adopt a monetary policy rule to guide its interest-rate-setting decisions in part as a bulwark against a near daily barrage of presidential criticism, a widely respected economist told Fed Chair Jerome Powell and other central bankers on Friday.

  • European shares slide as U.S.-China trade war intensifies

    * China unveils retaliatory tariffs on U.S. goods. * Trump tells U.S. companies to seek alternatives to China ops. * Powell says will "act as appropriate" to support growth. * Peppa Pig-owner Entertainment One (ENTMF) surges on Hasbro deal. * Kloeckner jumps on report of talks with Thyssenkrupp. By Agamoni Ghosh.

  • U.S. Stocks, Bond Yields Fall on Trade Tensions

    U.S. stocks slumped Friday after China said it would impose retaliatory tariffs on additional U.S. products and President Trump vowed to respond. The Dow Jones Industrial Average dropped about 450 points, or 1.7%, putting a halt to a relatively quiet week for markets. Yields on U.S. government bonds also tumbled, as did commodities markets, such as oil and copper, that are sensitive to the two countries' trade battle.

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