US existing home sales slump to more than 16-year low in October - Reuters

More in Finance

• 'Punch in the gut': Homes sales fall to their lowest in 16 years

  Elevated borrowing costs fueled by inflation and rising bond yields have pushed housing transactions down to levels unseen since 2010. This sharp contraction ends a four-year period of market stagnation as prospective buyers struggle with affordability. Federal Reserve efforts to stabilize the broader economy continue to suppress residential real estate activity through tighter monetary policy.

  1 min read
• Is investor appetite for AI running out? Why Ranmore is turning to Asia

  Financial markets are closely examining capital allocation trends as enthusiasm surrounding artificial intelligence undergoes new scrutiny from asset managers. Fund managers like Ranmore are actively reassessing their exposure and redirecting attention toward Asian opportunities. This shift highlights growing concerns over tech valuations and the search for better risk-adjusted returns globally.

  1 min read
• Rail Vikas Nigam in focus today after mixed Q2 performance; stock down 68% from record peak

  Lower expenses helped the railway infrastructure firm expand its bottom line despite contracting quarterly revenue. The operational improvements come as the company navigates its steepest annual market decline since its 2019 listing, though recent trading shows signs of recovery after a prolonged monthly losing streak.

  3 min read