Author: Reuters Econ

D.R. Horton beat Wall Street estimates for first-quarter revenue and profit on Tuesday as a persistent shortage of existing homes in the U.S. housing market helped boost new home sales despite higher mortgage rates.

One night in late October, Whitney Patterson spotted a YouTube video about people buying shares in Trump Media & Technology Group , the U.S. president-elect’s social media and streaming company.

TikTok went dark in the U.S. on Saturday before a federal ban on the Chinese-owned short-video app took effect, cutting off access to the platform that captivated nearly half of all Americans, fueled small businesses and shaped online culture.

State-owned investment fund SEPI has proposed to replace Telefonica’s Chief Executive Jose Maria Alvarez-Pallete, who has led the company since 2016, a source with knowledge of the matter told Reuters on Saturday.

U.S. equity funds saw a spike in outflows for the week ending Jan. 15, as the outlook for Federal Reserve rate cuts this year had dimmed while investors were cautious about the ongoing quarterly earnings season.

Social media app TikTok, which is owned by China’s ByteDance, will be banned in the United States on Sunday unless a deal comes together to sell it to a U.S. investor or the U.S. Supreme Court intervenes.

Google will buy carbon credits from an Indian initiative that turns large amounts of agricultural waste into biochar – a form of charcoal that removes carbon dioxide from the atmosphere and returns it to the soil, it said on Thursday.

BlackRock’s assets hit a record high of $11.6 trillion in the fourth quarter of last year as the world’s largest money manager posted a 21% profit jump, helped by fee income buoyed by stronger equity markets.

Heavy industrial parts maker Wabtec Corp said on Tuesday it has agreed to buy Evident’s inspection technologies division for $1.78 billion.

The U.S. government said on Monday it would issue a new regulation designed to control access to U.S.-designed artificial intelligence chips and technology by other countries around the world.