Tag Archives: drop

The volatility in the used car market rolled on in 2022, but there might be some relief for car buyers coming this year. The Manheim Used Vehicle Value Index (MUVVI) for the month of December posted a 0.8% increase in auto prices month over month, however it dropped a whopping 14.9% year over year, the largest annualized price decline ever in the 26-year history of the index. That being said, December’s index rating of 219.3 is still much higher than pre-pandemic levels, when the 2019… Source link

Consumer expectations for inflation over the next year dropped to the lowest level since July 2021, according to a survey from the New York Federal Reserve released Monday. Expectations for inflation one year ahead fell in December by 0.2 percentage points to 5%. However, three-year-ahead inflation expectations were unchanged in December at 3%. Inflation expectations for the next five years inched up by 0.1 percentage point to 2.4%. The incremental drop in short-term expectations is… Source link

Google is continuing on with its #GetTheMessage campaign attempting to convince Apple to adopt the RCS messaging protocol, this time taking out a large New Year’s-themed ad at Harmon Corner in Las Vegas. The digital billboard urges Apple not to “drop the ball” on fixing its “pixelated photos and videos.” Hey Apple, it’s Android the ball may have dropped on 2022, but you don’t have to drop the ball on fixing your pixelated photos and videos. Here’s some code to get the ball rolling… After… Source link

Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates. The drop follows a sharp decline in the yield on the 10-year Treasury last week after a government showed inflation cooled last month. The sudden decrease gave price-strained homebuyers and sellers… Source link

House construction in the U.S. declined in October more than expected, while the number of permits for single-family homes tumbled, another sign of growing reluctance among home builders to increase inventory as many buyers are pushed out of the market. Residential starts — including both single- and multi-family units — decreased 4.2% last month to a 1.425 million annualized rate, according to government data released Thursday. Economists surveyed by Bloomberg had forecast a 2.0%… Source link

Google’s John Mueller responded to a Reddit SEO discussion where a search console warning about mobile usability was soon after followed by a rankings drop in a medical related website. The timing of the drop in rankings happening soon after search console issued a warning about mobile usability issues made the two events appear to be related. The person despaired because they fixed the problem, validated the fix through Google search console but the rankings changes haven’t… Source link

(Bloomberg) — US stocks swung between gains and losses as investors parsed fresh economic data and disappointing earnings while mulling the Federal Reserve’s path after the Bank of Canada announced a smaller-than-expected rate hike. Most Read from Bloomberg The S&P 500 struggled for direction. The tech-heavy Nasdaq 100 pared losses that topped 2%. Treasuries rallied after data showed the US merchandise-trade deficit widening. Sales of new US homes fell in September, another indication that… Source link

Even Alphabet, the parent company of Google and one of the internet’s most entrenched businesses, was not immune to the punishing blows of the global economy and a sharp slowdown in the online advertising that is essential to the company’s profits. Alphabet on Tuesday reported a net profit of $13.9 billion in the third quarter, down 27 percent from a year earlier, while revenue climbed 6 percent to $69.1 billion. The earnings fell short of analysts’ estimates of $16.9 billion in profit… Source link

U.S. stocks continued a streak of choppy trading to start Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. The major indices wavered to start the session, then steadily climbed throughout the morning. The S&P 500 (^GSPC) was up about 1%, while the Dow Jones Industrial Average (^DJI) moved up 350 points, or 1.2%. The technology-heavy Nasdaq Composite (^IXIC) was up 1.3%. Meanwhile, Treasury yields… Source link

(Bloomberg) — Asian equities opened lower and major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress. Most Read from Bloomberg Stocks dropped in Japan, Australia and South Korea while futures for Hong Kong fell. Contracts for the S&P 500 and Nasdaq 100 rose after tumbling Friday, when Treasury yields climbed as year-ahead inflation expectations increased…. Source link