Business

Home sales in the United States fall for the 9th consecutive month in October |  CNN Business

Home sales in the United States fall for the 9th consecutive month in October | CNN Business

U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …

Home sales in the United States fall for the 9th consecutive month in October | CNN Business Read More »

Home sales in the United States fall for the 9th consecutive month in October |  CNN Business

Home sales in the United States fall for the 9th consecutive month in October | CNN Business

U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …

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Live stock market news updates: Stocks falter as indices head for a losing week

Live stock market news updates: Stocks falter as indices head for a losing week

U.S. stocks swung back and forth on Friday as investors neared the end of a turbulent trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak. The S&P 500 (^GSPC) fell 0.1%, while the Dow Jones Industrial Average (^DJI) rose 60 points, or 0.2%. The tech-heavy Nasdaq Composite (^IXIC) slipped 0.6%. Treasury …

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Elizabeth Holmes faces conviction for her crimes at Theranos

Elizabeth Holmes faces conviction for her crimes at Theranos

A federal judge will decide on Friday whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for deceiving investors and endangering patients while peddling fake blood-testing technology. Holmes sentencing in same San Jose, Calif., courtroom where she was found guilty of four counts of investor fraud and conspiracy January marks a culminating …

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Retail revenue shows rampant discounting – and holiday shoppers are waiting to pounce: Morning Brief

Retail revenue shows rampant discounting – and holiday shoppers are waiting to pounce: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief delivered straight to your inbox Monday through Friday by 6:30 a.m. ET. Subscribe Friday, November 18, 2022 Today’s newsletter is from Julie Hymananchor, and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and other market news wherever you are with …

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After Elon Musk's ultimatum, Twitter employees start dating

After Elon Musk’s ultimatum, Twitter employees start dating

Nov 17 (Reuters) – Hundreds of Twitter workers are believed to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that employees sign up for “long, high-intensity hours ” or leave. In a survey of the work app Blind, which verifies employees through their work email addresses and allows …

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Asian stocks pause as Fed warns of exuberance

Global stocks eye 1% weekly loss, US yield curve points to recession

European stocks up 0.45%, US S&P futures flat Most inverted U.S. yield curve since 1981 Brent at 4-week low LONDON/SYDNEY, Nov 18 (Reuters) – Global stocks were heading for a 1% loss for the week on Friday, drifting off recent two-month highs after U.S. Federal Reserve officials fired fresh warning shots at interest rates, while …

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Japan inflation hits 40-year high as BOJ sticks to accommodative policy

Japan inflation hits 40-year high as BOJ sticks to accommodative policy

Japan CPI +3.6% y/y vs. forecast +3.5%, highest since 1982 Most price increases due to cost inflation, unsustainable BOJ sees consumer inflation fall below 2% next fiscal year TOKYO, Nov 18 (Reuters) – Core consumer inflation in Japan accelerated to a 40-year high in October on the back of currency weakness and pressures on global …

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