Tag Archives: cools

US consumer prices rose more than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. Investors had been closely watching the print for clues on when the Federal Reserve will begin cutting interest rates. Markets are now pricing in a nearly 80% chance the Fed cuts rates in June, bucking previous expectations that the central bank would begin cutting rates in May. “This was a bad report for those betting the Fed is going to start… Source link

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

JPMorgan Chase (JPM) is slashing jobs in its home-lending division as rising mortgage rates and inflation drive a slowdown in the housing market. The bank is expected to lay off or reassign more than 1,000 employees, Bloomberg News first reported on Wednesday. Bloomberg’s report indicated “about half” of these impacted workers will be moved to different departments within the bank. “Our staffing decision this week was a result of cyclical changes in the mortgage market,” a JPMorgan… Source link

There was a moment, a brief moment, when Tiger Woods was one stroke off the lead in a major in 2022. It didn’t last. Through his first five holes Thursday morning in the PGA Championship at Southern Hills, Woods was 2-under par and looking strong and confident, not at all like he was still recovering from a February 2021 car wreck. Then the drives started drifting, the approaches started fluttering and the putts stopped falling, and Woods plummeted down the leaderboard to end the day at +4 in… Source link

Ukraine blamed a missile strike on Russian separatists, who in turn accused Ukraine of ceasefire violations as the Eastern Europe situation grew more uncertain. Stocks around the world fell while gold and other safe-haven investments rose. The Dow Jones, S&P 500, and the Nasdaq all fell as the market opened. Gold jumped more than 1%, continuing its February climb. Key Takeaways Uncertainty ruled in Eastern Europe as Ukraine blamed a missile strike on Russian separatists, who in… Source link

Bitcoin, the world’s oldest crypto, reached its highest point in almost three months on Saturday before paring back some of the weekend’s gains. Prices have since cooled and are down around 1.5% on a 24-hour basis after reaching a top of $45,300, their highest point since May 18. As of press time, bitcoin is changing hands for around $43,430. Datamish data shows bitcoin’s push to higher price highs (HH) and higher price lows (HL) was precipitated by a short squeeze which saw 126 BTC… Source link

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window) * Quadruple witching could push up volumes, volatility * All three major indexes set for weekly gains * Retail stocks gain on prospect of strong holiday demand * Tesla rises in high-volume trade * Indexes down: Dow 0.26%, S&P 0.29%, Nasdaq 0.07% (Updates to market open) By Ambar Warrick and Shreyashi Sanyal Dec 18 (Reuters) – Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in… Source link