Tag Archives: time

As the U.S. housing market says goodbye to low mortgage rates—and home sales slump as a result— here’s the big question: Is it now time to invest in residential real estate? “For investors like us (it) is an opportunity, actually, to scoop up some new inventory and master plan communities at, I think, prices that will be well-below what we could have seen last year,” Nuveen Real Estate Global CIO Carly Tripp told Yahoo Finance Live (video above). There’s no denying that the real estate… Source link

Recession fears among consumers haven’t yet led them to stop paying their T-Mobile (TMUS) cell phone bills on time, contrary to some commentary out of rival AT&T (T). “Bad debt levels look to us consistent with 2019 pre-pandemic levels, and 2019 was one of our best years ever,” T-Mobile CEO Mike Sievert said on Yahoo Finance Live (video above). “So we have seen a creep up from those pandemic levels but only to one of our best years ever. We’re very interested in this. We’re watching… Source link

Mortgage rates surpassed 7% for the first time since April 2002, adding more reason for price-struck homebuyers to stay on the sidelines. The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Rates have jumped 3.86 percentage points since the start of the year, the largest year-to-date increase in over 50 years. The dramatic increase in rates – driven by the Federal Reserve’s aggressive fight on inflation – has crushed homebuyer… Source link

Investors in Meta stock wanted to hear one thing on the embattled company’s earnings call late Wednesday: an acknowledgement by founder Mark Zuckerberg that leaner spending times were ahead as margins have been squeezed by an ill-timed metaverse build out and a slowing ad market. They heard the opposite. The social media platform outlined about 13% year-over-year expense growth for fiscal year 2023, well above the Street’s forecast of 7%. Meta will clearly continue to spend aggressively —… 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, Oct. 25, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Read this and more market news on the go with Yahoo Finance App. This week, we’ll get Q3 earnings announcements from some big names including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Meta Platforms (META), Apple (AAPL), and Amazon ( Source link

Yahoo Sports senior NBA reporter Vincent Goodwill and senior NBA writer Dan Devine discuss Los Angeles’ 0-3 start to the season — behind statistically, the worst shooting in the league — and explain why the time is now for the Lakers to start over. Video Transcript [NO SPEECH] VINCENT GOODWILL: Welcome to “Yahoo Sports.” I’m Vince Goodwill, here alongside Dan Devine. Dan, let’s get into it. The Lakers, 0 and 3. 3 bad losses. 21% shooting. That’s like you in the club trying to get on women… Source link

Editor’s note: Jim Lanzone is the CEO of Yahoo Finance’s parent company, Yahoo. Yahoo CEO Jim Lanzone has overseen his share of internet success stories in his nearly three-decade career. From steering the ship at Ask.com, to the launch of CBS Interactive, Lanzone has built his reputation around turnaround stories. Yet, he credits his success to early failures with startup eTour, an internet search and navigation company he co-founded in 1998 at the height of the dotcom boom. “We went up way… Source link

Editor’s note: Jim Lanzone is the CEO of Yahoo Finance’s parent company, Yahoo. Yahoo CEO Jim Lanzone has overseen his share of internet success stories in his nearly three-decade career. From steering the ship at Ask.com, to the launch of CBS Interactive, Lanzone has built his reputation around turnaround stories. Yet, he credits his success to early failures with startup eTour, an internet search and navigation company he co-founded in 1998 at the height of the dotcom boom. “We went up way… Source link

(Bloomberg) — Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side. US stocks and bonds will lead the way out of the current wave of market turmoil, according to respondents in the latest MLIV Pulse survey. Meanwhile they reckon it’s close to an even bet as to whether the UK economy or the euro area will fall into a slump first. About 47% of the 452 respondents expect the UK to win that… Source link

The full ramifications of U.S. dollar strength that has wreaked havoc on the top and bottom lines of large companies such as Nike (NKE) and FedEx (FDX) in the third quarter likely won’t be felt for a while, warns one veteran currency strategist. “What you see immediately today will take some time to flow through earnings,” Joseph Lewis, head of corporate hedging and FX solutions at Jefferies, said on Yahoo Finance Live (video above). “I think what you will expect is that if the dollar… Source link