Paul Simao

1 week ago | gurutrade.com | Dan Burns |Paul Simao

June 17 (Reuters) - A gauge of U.S. homebuilder sentiment slid unexpectedly to its lowest level in two and a half years in June, with more than a third of residential construction firms cutting prices to lure buyers sidelined by high mortgage rates and economic uncertainty due to President Donald Trump's tariffs. The National Association of Home Builders/Wells Fargo Housing Market Index fell to 32, the lowest reading since December 2022, from 34 in May.

1 week ago | cp24.com | Pretish M J |Paul Simao

A cyberattack on the Washington Post compromised the email accounts of several journalists and was most likely the work of a foreign government, the Wall Street Journal reported on Sunday. Matt Murray, the Washington Post's executive editor, said in an internal memo that the breach was discovered on Thursday and an investigation had been initiated, the WSJ reported.

2 weeks ago | cp24.com | Howard Schneider |Dan Burns |Paul Simao

WASHINGTON -- The U.S. Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues.

2 weeks ago | gurutrade.com | Lucia Mutikani |Paul Simao

WASHINGTON, June 9 (Reuters) - U.S. wholesale inventories increased in April amid stockpiling of prescription medication in anticipation of tariffs from the Trump administration. Stocks at wholesalers rose 0.2% instead of being unchanged, as estimated last month, the Commerce Department's Census Bureau said on Monday. Economists polled by Reuters had expected last month's estimate would be unrevised. Inventories, a key part of gross domestic product, climbed 0.3% in March.

2 weeks ago | cp24.com | Daniel Trotta |Donna Bryson |Paul Simao

LGBTQ2S+ people and supporters from around the world marched through the streets of Washington on Saturday in a joyful celebration meant to show defiance of U.S. President Donald Trump's rollback of queer rights. The parade route passed within one block of the White House grounds in one of the final main events of the weeks-long WorldPride celebration.