Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs.
China cuts rates as lockdowns and a real estate crisis take their toll
China’s central bank cut interest rates on Monday as new data showed the economy losing steam last month because of renewed Covid lockdowns and a deepening property downturn.
Hedge fund manager Dan Loeb buys a new stake in Disney and pushes for ESPN spinoff
Daniel Loeb’s Third Point has taken a new stake in Disney, pushing the entertainment giant to spin off its sports network ESPN, according to a letter obtained by CNBC’s David Faber.