Tuesday, February 4

Tag: LC_ARTICLE_EVENTS_STOCKMARKET_121423

U.S. Retail Sales Show Holiday Season Off to Strong Start
14Dec By adminNo Comments
World

U.S. Retail Sales Show Holiday Season Off to Strong Start

Consumer spending showed unexpected strength at the start of the holiday shopping season, as Americans shopped in-person and online, shrugging off signs of economic cooling.Retail sales, which include spending at stores, restaurants and gas stations, rose 0.3% in November from the month before, on a seasonally adjusted basis, the Commerce Department said Thursday. Economists had expected sales to fall. Sales rose 4.1% in November from a year earlier, outpacing inflation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Property Crash Draws Short-Sellers. Better Late Than Never.
14Dec By adminNo Comments
Money

Property Crash Draws Short-Sellers. Better Late Than Never.

With interest rate cuts looking more likely, now isn’t an obvious time to make bearish bets on real estate. Luckily for short sellers, the Fed probably won’t move fast enough to wreck their favorite new trade.Mortgage real-estate investment trusts, which offer bridging loans to commercial property owners, have caught the eye of short sellers. Carson Block’s Muddy Waters hedge fund announced a stake in blue chip Blackstone Mortgage Trust last week. Viceroy Research, the fund that previously bet against troubled real-estate stocks SBB and Adler Group, went public with a position in Arbor Realty Trust in mid-November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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