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U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy’s ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted annual pace of 926,000 units, the Commerce Department said on Thursday. Starts for single-family homes rose, while groundbreaking for the multifamily segment fell
A group of India’s leading technology and Internet firms has pulled out of Internet.org, Facebook’s flagship effort to get billions more online, in a growing debate over free access and internet neutrality in the country. Net neutrality is the concept that all websites on the internet are treated equally. The debate over access and neutrality has grabbed headlines in India this week after leading telecom carrier Bharti Airtel announced a
For Norway’s $890 billion sovereign-wealth fund, the investment risks stemming from monetary policy have never been greater. Like most global investors, the Oslo-based fund is trying to navigate uncharted terrain as central banks across the world push out stimulus to protect economic growth and spur inflation.
Citigroup said Thursday that its first-quarter net income rose 21 percent as the company continued to slim down its operations and control expenses. The bank earned $4.8 billion, or $1.51 a share, in the …
Goldman said its net income applicable to common shareholders rose to $2.75 billion, or $5.94 per share, for the quarter ended March 31, from $1.95 billion, or $4.02 per share, in the same period of 2014. Analysts on average had expected earnings of $4.26 per share, according to Thomson Reuters I/B/E/S. Goldman’s shares were up about 0.5 percent at $201 in premarket trading. Goldman has been more committed to fixed-income
Solar’s big heyday may be just three years away as the unsubsidized cost of panels plus storage is set to become cheaper than retail power supply in several large markets, Bernstein said.
The former VH1 star is still on her grind! However, on this week’s Botched, we learn that Tiffany Pollard’s oversized breasts and deviated septum are halting her comeback. In the…
She broke the Internet last year and now she’s been dubbed the “first lady of #fame.” Kim Kardashian made Time magazine’s 2015 100 Most Influential People…
Michael Douglas and Catherine Zeta-Jones’ marriage is back on track. The famous couple took “some time apart to evaluate and work on their marriage” beginning in May 2013….
Kendall Jenner knows nothing except life in front of the cameras. Literally growing up in front of America’s eyes on Keeping Up With the Kardashians, Kendall has been in front of a…
