Tag Archives: retreat

Mortgage rates retreat for third straight week

Mortgage rates retreat for third straight week

Mortgage rates fell for the third consecutive week, helping to revive some buyer interest. The rate on the average 30-year fixed mortgage declined to 6.15% from 6.33% a week prior, according to Freddie Mac. Rates have fallen more than three-quarters of a point since mid-November, as signs that inflation is finally cooling strengthen the chances that the Federal Reserve will slow down its aggressive rate hikes this year. The dip in rates is a boon to homebuyers, especially first-timers, who are… Source link

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Warner Bros. Discovery’s HBO Max retreat ‘a good buy signal for Netflix’: LightShed’s Greenfield

Warner Bros. Discovery’s HBO Max retreat ‘a good buy signal for Netflix’: LightShed’s Greenfield

Warner Bros. Discovery’s (WBD) recent HBO Max retreat may signal good things to come for competitor Netflix (NFLX) — at least according to one media analyst. “[WBD] needs to be very focused on driving free cash flow and deleveraging,” Lightshed Partners’ Rich Greenfield told Yahoo Finance Live in a new interview, referencing the company’s reported $3.42 billion loss in the second quarter. “To them, that means embracing theaters and making sure they make as much money on every film,” the… Source link

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Omicron in retreat, but jobs may be a victim of wave: Morning Brief

Omicron in retreat, but jobs may be a victim of wave: Morning Brief

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 Thursday, February 3, 2022 Omicron wave retreats, leaving wreckage in its wake Like a strong tide that crashes into a beach shore before it washes back out to sea, the Omicron variant of COVID-19 — which has spent months buffeting the global economy — is mercifully in retreat. But it’s leaving some debris in its wake. On Wednesday, we learned… Source link

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Bitcoin Drops Most Since September in Broad Retreat From Records

Bitcoin Drops Most Since September in Broad Retreat From Records

(Bloomberg) — Cryptocurrencies fell on Tuesday, with Bitcoin briefly dipping below $60,000 and Ether touching its lowest level this month, in a broad-based retreat from recent record highs. Most Read from Bloomberg The largest digital token dipped as much as 8.2% to $58,661, the biggest intraday drop since Sept. 24. Second-ranked Ether tumbled more than 10%. Global crypto market cap has dropped some 10% in the past 24 hours to $2.7 trillion, according tracker CoinGecko. “After several days… Source link

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Bitcoin’s retreat from $66K may signal a whipsaw end to an ’emotional’ year

Bitcoin’s retreat from K may signal a whipsaw end to an ’emotional’ year

Bitcoin (BTC-USD) may finish 2021 defined by the same vertigo-inducing price action that took it from under $30,000 to a fresh record near $66,000 within the space of a few months, analysts say. On Thursday, investors booking profits in the wake of the successful launch of two Bitcoin futures-based exchange traded funds (ETFs) last week dragged the digital coin down by about 5% on the day. More new funds are expected to hit the market from issuers like VanEck, Galaxy Digital and Bitwise,… Source link

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Stocks Steady as Commodities Retreat on Taper Bets: Markets Wrap

Stocks Steady as Commodities Retreat on Taper Bets: Markets Wrap

(Bloomberg) — Stocks were steady with U.S. futures on Monday, while commodities slumped as investors weighed concerns about a pullback in stimulus and a resurgence in the fast-spreading delta virus variant. The Stoxx 600 Index opened little changed as gains in technology firms offset declines in energy shares and miners. Crude oil extended last week’s decline — its worst since October — on concern the delta virus strain will hamper demand growth. Precious metals sold off, with gold… Source link

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