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1 Article
Source: Common Domain

Menorca’s Real Estate Market Sees Rapid Growth

Today 19:04 GMT

"We have monitored the Menorcan market for some time and observed the increase in value of properties and land, boosted by rapid growth in demand, said Alejandra Vanoli, managing director of Balearics Sotheby’s International Realty. "We realized this island had huge potential as the island in the Balearics with the biggest growth opportunity."

The high-end part of the market has remained steady throughout and some properties, such as those in the center of Mahon and properties on the first and second lines of the seafront at Cala Llonga, which is situated on the north side of Mahon’s harbor, have increased in value, said Kerry Phillips of Bonnin Sanso estate agency.

1 Article
Source: Common Domain

IPG Posts Strong Sales Growth in Third Quarter

Today 19:04 GMT

Interpublic Group of Co IPG 9.65% s. reported strong sales growth in the third quarter, citing improvements in the economy and interest in its recent acquisition of data company Acxiom Marketing Solutions.

Mediabrands, the group that houses media-buying firms UM and Initiative, was a “big growth vehicle” for IPG in the third quarter, Mr. Roth said. The company is rolling out the Acxiom capabilities first with its media agency group, “where the prospects are greatest,” he said.

7 Articles
Source: Common Domain

To boost the economy, let’s first change how we measure the economy

Saturday 17:15 GMT

It was never a great measure of national well-being in the first place, and now it’s falling down as a measure of economic strength.

Gross domestic product, the total value of a country’s goods and services, was a barely adequate tool for measuring the U.S. economy of the 20th century. GDP has now become obsolete and needs to be upgraded for the needs of our time.

2 Articles
Source: Common Domain

Emerging Markets Roundtable: Today’s Pain Could Be Tomorrow’s Gain

Today 16:19 GMT

Our panelists are Ruchir Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management; Justin Leverenz, manager of the $35 billion Oppenheimer Developing Markets fund (ticker: ODMAX), the largest actively managed equity fund in the category; Richard Sneller, co-manager of the $1.9 billion Baillie Gifford Emerging Markets Growth fund (BGEHX), which has outperformed 96% of its peers over the past three years; and Laura Geritz, who built a strong investment record at Wasatch Advisors investing in frontier and smaller markets, and launched Rondure Global Advisors in 2016.

1 Article
Source: Common Domain

The party’s far from over for the economy, as GDP will show

Today 15:24 GMT

If GDP generates the biggest headlines, the real story of where the economy is headed can be seen through the monthly tally on new orders for long-lasting products.

Later in the week the government is expected to report the economy grew 3% or more in the three-month period stretching from July to September. Another vigorous gain following a 4.2% burst of growth in the second quarter would position the economy for its best performance in 13 years.

1 Article
Source: Common Domain

Roku Stock Got Hammered This Month. A Rebound Could Be Coming

Saturday 10:50 GMT

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“Near-term, we see Roku as one of the… small-cap net stock with the least fundamentals risk—i.e., best opportunity for upward estimates revisions,” Mahaney wrote.

1 Article
Source: Common Domain

Chinese stocks bounce back despite disappointing GDP numbers

Friday 20:01 GMT

Asian stocks mostly dropped in early trading Friday after China’s third-quarter GDP growth came in below expectations, though Chinese stocks bounced back into positive territory.

Hong Kong stocks turned around as well, with the Hang Seng Index HSI, -0.36%  last up 0.1% after falling almost 1% early. Meanwhile, energy stocks were again weak as oil prices fell more overnight, though big-cap financials were modestly higher.

1 Article
Source: Reuters

Breakingviews - Unilever and Nestlé’s growth tests pricing power

Friday 08:06 GMT

Charging more for products helped Unilever and Nestlé boost underlying revenue by 3.8 percent and 2.8 percent, respectively, in the third quarter.

Unilever and Nestlé are deploying their hefty marketing budgets to persuade customers to trade up to more expensive brands. In India, Unilever is pushing customers to try Surf Excel laundry detergent, which is nearly double the price of its cheaper Wheel brand.

1 Article
Source: Common Domain

U.S. economy still on a strong growth path, leading indicator find, though dangers lurk

Friday 08:05 GMT

The numbers: The U.S. rolled into the fall on a “strong growth trajectory,” though the economy could slow in 2019 if weakness in the housing and stock markets persist, according to an index that measures the nation’s economic health.

The leading index “improved further in September, suggesting the U.S. business cycle remains on a strong growth trajectory heading into 2019,” said Ataman Ozyildirim, economist at the board. “However, the LEI’s growth has slowed somewhat in recent months, suggesting the economy may be facing capacity constraints and increasingly tight labor markets,” he added.

1 Article
Source: Common Domain

European Stocks Shrug Off Weakness in Asia

Friday 04:15 GMT

Losses in Asia came after U.S. stocks resumed selling late Wednesday, with the S&P 500 having closed down on eight of the past 10 trading days.

Elsewhere, investors were watching for any further signs of political strife in Europe, with negotiations for the U.K. to leave the European Union showing no end in sight, and Italian budget negotiations with European lawmakers also dragging on. In commodities, Brent crude oil was down 0.4% at $79.73 a barrel, extending the heavy losses that followed unexpectedly buoyant U.S. inventory figures.

1 Article
Source: BBC

Food sales drop as barbecue summer ends

Friday 08:05 GMT

Food sales saw their steepest drop in three years in September as consumers tightened their belts after the unusually hot summer, the Office for National Statistics (ONS) has said.

Ian Gilmartin, from Barclays Corporate Banking, said: "Although the dip in food sales from August is eye-catching, it was expected given the exceptional performance achieved over the summer and shouldn't cause undue concern. "Any growth is significant given the plethora of challenges facing retailers - they are being hit from all sides, with business rates, the continued weakness of sterling and persisting uncertainty around Brexit combining to thwart investment and push up costs."

2 Articles
Source: Common Domain

Home Prices Soar in Idyllic Monmouthshire, Wales

Saturday 20:54 GMT

Picturesque Monmouthshire, Wales—a southeastern county bordering England and strewn with idyllic farmsteads and castle ruins—has recorded the strongest home price growth this year of any region in England and Wales.

Home prices across Wales grew at a stable annual rate of 2.1% in the year to September, compared to the virtually flat 0.9% price growth in combined England and Wales, according to the report.

1 Article
Source: BBC

US economy under Trump: Best in history?

Saturday 10:50 GMT

"We are experiencing a boom now but it is increasingly likely it will bust early in the next decade when the fiscal stimulus fades and the economy struggles to manage the much higher interest rates," says Mark Zandi, of Moody's Analytics.

"If you choose to look at the health of the economy based on GDP, Mr Trump's claims are suspect when compared to the national economic boom of the post-War years," says Megan Black, assistant professor of history at the London School of Economics. "The post-War era saw tremendous economic growth, most notably in manufacturing, but also in agriculture, transportation, trade, finance, real estate and mining."

2 Articles
Source: Common Domain

PayPal sees encouraging growth from Venmo; stock surges

Saturday 10:50 GMT

PayPal Holdings Inc. says that its efforts to make money from Venmo are nearing a “tipping point,” news that helped send shares surging Friday.

Still, the early momentum is encouraging given that Venmo is considered one of the big growth catalysts for PayPal shares. Venmo has a loyal user base, but some analysts were concerned that monetization efforts were proceeding in a slower-than-expected manner.

1 Article
Source: Common Domain

eBay Still Hasn’t Moved on From Its Breakup With PayPal

Saturday 19:05 GMT

It’s been more than three years since eBay (EBAY) completed its spinoff of PayPal Holdings (PYPL), but the companies’ fates are still intertwined—and not necessarily to each others’ benefit.

Taking the slowdown in PayPal transactions on eBay as a preview of what’s to come, Devitt lowered his future growth estimates for eBay in the third quarter and beyond. That was enough for him to downgrade eBay stock from “Buy” to “Hold,” and cut his price target to $35, from $43.


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