Tag Archives: buying

Rising mortgage rates have sidelined many would-be homebuyers, but for institutional investors, it has become an opportunity as home builders try to unload properties. “What we’re seeing is builders have to make their quota. They have to make the end-of-the-year numbers,” Kinloch Partners Cofounder and CEO and President Bruce McNeilage told Yahoo Finance Live (video above). “So they’re reaching out to folks like us, the institutional owners of houses, and we’re buying in bulk using those as… Source link

Tim Cook visits an Apple store in New York City on September 16.Kevin Mazur/Getty Images I bought the new iPhone 14 Pro Max the day after it went on sale in Apple stores. I got $640 back by trading in my iPhone 13 Pro Max, but I still had to pay another $780. I was excited about the “Dynamic Island” feature, but I should have listened to Eve Jobs. For the past decade or so, I’ve been one of Apple’s best customers. I’ve bought every new iPhone since I made the switch from a BlackBerry to the… Source link

Chinese President Xi Jinping.Kevin Frayer/Getty Images Reuters reported that China told state-owned banks to get ready to sell dollars and buy yuan in an effort to prop up the local currency. The move could stem the yuan’s fall, as it remains on track for its largest annual loss against the dollar since 1994. A hawkish Fed has pushed the dollar to 20-year highs this year, pressuring currencies around the world. The People’s Bank of China has told major state-run banks to prepare to shed dollar… Source link

So you’re looking for a new iPhone or Apple Watch and figure Labor Day weekend is the best chance to score some good deals and save a few bucks. Please don’t do that, dear reader. This is the worst time to buy a new Apple (AAPL) device because the company is set to host its annual iPhone event on Sept. 7. The company is widely expected to reveal a slew of new iPhones and Apple Watches. It’s not just that Apple is rolling out new devices in a matter of days. Even if you don’t want to snag… Source link

CHICAGO — Google will take over the Thompson Center in The Loop, officials announced Wednesday. The tech giant has agreed to buy all of the building for $105 million after it is renovated by other organizations. The Thompson Center will be “entirely redeveloped” into an office suite for Google’s workers as part of the deal, Gov. JB Pritzker said at a news conference. The sale will benefit the company, as well as Illinois taxpayers and Chicagoans, he said. “Google is one of… Source link

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Last month, the annualized rate of inflation hit 8.6%, the highest in more than 40 years. Last week, in response, the Federal Reserve bumped up its benchmark interest rate by 75 basis points, the largest such hike since 1994. The combination of high inflation and aggressive tightening action by the central bank sent an already jittery stock market to its worst single week since the onset of the COVID crisis, and has economists talking gloomily about a repeat of the late 1970s and early… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, June 14, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter. Investors ready for a buying opportunity to emerge in these volatile markets may need to keep waiting. And waiting. “U.S. stocks have suffered their biggest year-to-date losses since at least the 1960s. That’s ignited calls to… Source link

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk’s excuse about Twitter bots is a way to back out of the deal, Wedbush said. Musk agreed to buy Twitter for $44 billion but could be feeling pressure amid falling Tesla stock. “We view the $44 billion Twitter deal as having less than a 50% [chance] to get done,” Wedbush said. There is now a less than 50% chance that Elon Musk will acquire Twitter for $44 billion, a Monday note from Dan Ives, a Wedbush analyst, said. Musk, who plans to put up a… Source link

The S&P 500 (^GSPC) continues to further its 52-week low point as inflation came in hotter than expected for April. CPI rose by 8.3%, down slightly from March’s 8.5% but still above consensus forecasts. In light of the market trough, however, a recent Bank of America (BAC) Global Research report notes that retail and institutional investors continue to “buy the dip.” “More dip-buying: last week, during which the S&P 500 was -0.2%, [private] clients were net buyers of U.S. equities… Source link