LOS ANGELES — Homebuilder stocks are having a banner year, outpacing the broader market on a wave of optimism that mortgage rates will fall and help juice home sales into 2025. The S&P Composite 1500 Homebuilding Index, which includes 16 stocks, including homebuilders Lennar, D.R. Horton, KB Home and PulteGroup, is up about 29% so … Read more
TOKYO — The six-year-old criminal case of Greg Kelly, an American ensnared in the scandal of Nissan’s former boss Carlos Ghosn, turned a page in a Japanese court Thursday, with his lawyer demanding “justice” with a verdict of total innocence. Kelly, a former Nissan executive vice president, was arrested in 2018, on charges related to … Read more
A mission specialist for the company that owned the Titan submersible that imploded in 2023 is scheduled to testify before the U.S. Coast Guard on Thursday. Renata Rojas is the latest person to testify who is connected to Titan owner OceanGate after an investigatory panel has listened to two days of testimony that raised questions … Read more
Israel’s defense minister has declared the start of a “new phase” of the war as Israel turns its focus toward the northern front against Hezbollah militants in Lebanon. Two waves of explosive attacks hit Syria and Lebanon: an apparent Israeli attack targeting pagers used by Hezbollah that killed at least 12 and wounded nearly 3,000 … Read more
HANOI, Vietnam — The second trial for Vietnamese real estate typcoon Truong My Lan — who was sentenced to death for financial fraud in April — started on Thursday, state media reported. The 67-year-old chair of the real estate company Van Thinh Phat was convicted for orchestrating Vietnam’s biggest ever financial fraud case, amounting to … Read more
Asian markets forged higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates. In Tokyo, the Nikkei 225 index jumped 2.1% to 37,155.33, lifted by major export manufacturers’ shares. Toyota Motor Corp. jumped 5.1%, Sony Group Corp. added 2.9% and … Read more
NEW YORK — Journalists at a news site that covers the Haitian community in the United States say they’ve been harassed and intimidated with racist messages for covering a fake story about immigrants eating the pets of people in an Ohio town. One editor at the Haitian Times, a 25-year-old online publication, was “swatted” this … Read more
COLOMBO, Sri Lanka — Two years ago, food cart worker Fathima Shiyama had to wait in line, sometimes for days, to get cooking gas, fuel and other essentials. It was a test of patience for her and millions of other Sri Lankans as their country languished in economic and political chaos. Since then, under President … Read more
SAN JUAN, Puerto Rico — A federal control board that oversees Puerto Rico’s finances announced Wednesday that it will step in to help speed up projects to fix the island’s crumbling power grid as widespread outages persist. Only $1.2 billion out of more than $17 billion authorized by U.S. Congress to stabilize the U.S. territory’s … Read more
Teamsters union declines to endorse Trump or Harris, after endorsing Biden in 2020 and being courted by Trump this year Source link