Home price growth in the U.S. has slowed for the third straight month. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.1% annual gain in October, down from 19.7% from September. The 20-City Composite posted a 18.4% annual gain, down from 19.1% a month earlier. The 20-City results came in very close to analysts’ expectations of a 18.5% annual gain, according to Bloomberg consensus estimates. “In October 2021, U.S. home prices moved… Source link
Read More »Odell Beckham has TDs in 3 straight Rams games
The jury’s still out on whether Odell Beckham Jr. is the answer the Los Angeles Rams need. But four games in, the move from Cleveland to Los Angeles sure looks like a win for Beckham. The Rams receiver lined up as a starter for Monday’s NFC West showdown against the the Arizona Cardinals. He scored the game’s first touchdown on a red-zone slant from Matthew Stafford en route to a six-catch, 77-yard effort in a 30-23 Rams win. The score marked Beckham’s third straight game with a touchdown… Source link
Read More »Chiefs roll over Broncos to claim fifth straight win
The Denver Broncos had plenty of opportunities on Sunday night. But time and again, they couldn’t capitalize. The Kansas City Chiefs cruised to a dominant 22-9 win over the Broncos on Sunday at Arrowhead Stadium behind a huge defensive showing, which gave them their fifth straight win and their 12th straight over the Broncos — a streak that dates back to 2015. Patrick Mahomes got the Chiefs on the board first, running in a 10-yard touchdown to cap their 12-play opening drive with a… Source link
Read More »Stock futures drift lower after S&P 500’s eighth straight record close
Stock futures opened flat to slightly lower Monday evening after yet another record-setting session on Wall Street. Contracts on the S&P 500 ticked down. The blue-chip index closed out an eighth straight day of gains on Monday, or its longest winning streak since 2017, to notch a fresh record high and close above the 4,700 threshold for the first time ever. Both the Dow and Nasdaq Composite also eked out record-setting gains. Equity investors rode an extended wave of optimism over solid… Source link
Read More »Pending home sales fall for second straight month
The housing market may be cooling down. Pending home sales, a leading indicator of the health of the housing market, fell 1.8% in July, the second straight month of declines. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, dropped 1.8% in July from the previous month. The results missed the expected 0.4% increase in sales, according to Bloomberg analysts’ consensus estimates. “The market may be… Source link
Read More »Existing home sales rise for second straight month
Home sales increased for the second straight month in July. Existing home sales rose 2% to a seasonally adjusted 5.99 million units in July, from a month earlier, according to the National Association of Realtors (NAR). June total units sold were also revised to 5.78 million. The results outpaced analyst expectations of a decline of 0.5% and 5.83 million units, according to Bloomberg consensus estimates. “The housing market went through a big swing during the COVID lockdown. Once the economy… Source link
Read More »Initial filings expected to fall for seventh straight week to new pandemic low
Initial unemployment claims likely dropped for a seventh straight week to a fresh pandemic-era low, with the number of newly unemployed individuals trending down as economic activity ramped further. In the coming weeks, a phase-out of enhanced unemployment benefits across many states may further decrease the total number of claimants. The Department of Labor is set to release its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here are the main metrics expected from the… Source link
Read More »Weekly jobless claims fell for a sixth straight week to new pandemic-era low
U.S. states saw the fewest new unemployment claims since March 2020 last week, with initial filings down for a sixth straight week as economic activity picked up further. The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 5: 376,000 vs. 370,000 expected and an unrevised 385,000 last week Continuing claims,… Source link
Read More »Rays score 7 in 11th to win 11th straight
Francisco Mejia’s tiebreaking, two-run single in Tampa Bay’s seven-run 11th inning Monday afternoon boosted the Rays to their major-league-best 11th straight win, 14-8 over the host Toronto Blue Jays in Dunedin, Fla. A late-game substitution, Mejia lined a single off Joel Payamps (0-2) in his first at-bat to score Mike Brosseau and Taylor Walls, breaking a 7-7 tie. Randy Arozarena‘s double and Austin Meadows‘ fielder’s choice delivered RBIs against Tim Mayza. Manuel Margot (three RBIs) added a… Source link
Read More »Existing home sales fall for third straight month
Home sales fell for the third straight month this year as home prices continue to rise at a record pace. Existing home sales fell 2.7% to a seasonally adjusted 5.58 million in April, from a month earlier, according to the National Association of Realtors (NAR). The results missed analyst expectations of a 1% gain, according to Bloomberg consensus. April sales activity was up 33.9% from the same month a year earlier when the nation was under a lockdown due to the coronavirus pandemic. Compared… Source link
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