U.S. Market Positive employment data cheered the market, but concerns over a more stringent stress test in China weighed on the morning’s rally. Stronger-than-expected results from the ADP Employment Change report for July boosted stocks in early trading. According to the report, 42,000 jobs were added to private payrolls last month–better than the expected 39,000 [...]
Posts under ‘stocks’
Feds Asked to Stop Home Resale Fees
Housing advocates and experts hosted a press conference today to launch the Coalition to Stop Wall Street Home Resale Fees and ask United States Secretary of the Treasury Timothy Geithner to ban the financial scheme. Wall Street Home Resale Fees are a controversial new financial scheme that has already been restricted in 17 states, with [...]
U.S. Market Mid-day report
Stocks moved upwards on news of better-than-expected new home sales data. New home sales increased 23.6% month-over-month in June to an annualized rate of 330,000 units. The figure surged past the expected 310,000 units and boosted stocks after a morning of choppy trading around the flat line. The rebound in home sales comes after record [...]
Big Risks and Big Reward in “Flipping”
This is no work for the faint of heart. Inside the real estate business, investors talk of unwittingly buying uncleaned scenes of suicides, taking on unexpected and expensive tax liens, finding air conditioners missing, and paying occupants nearly $2,000 to leave. But oh, the upside to buying from banks that sell short on the courthouse [...]
Market update
morningstar: WASHINGTON -(Dow Jones)- The artificial housing market boost driven by government home-buyer tax credits has faded, killing builders’ incentives to construct new homes in May. Meanwhile, U.S. industrial production strengthened in May as a key inflation indicator remained tame in the face of a sluggish recovery. U.S. housing starts plunged by 10% to a [...]
China Takes Steps to Cool Housing Fervor
RISMEDIA, June 15, 2010–(MCT)–Fearful of a U.S.-style real estate collapse, China has doused the country’s sizzling housing market with new rules aimed at cooling property speculation. The measures, which include raising minimum down payments and restricting purchases of second homes, are already forcing investors to the sidelines. May home sales in Beijing and Shanghai plunged [...]
U.S. Market Today (midday)
Stocks were mostly lower this morning as investors weighed decent economic data, and decent earnings from several large retailers. Housing starts rose 5.8% in April as compared to March, higher than the 3.8% growth expected by economists. But building permits declined 11.5% in the month, a sharper decline than anticipated. Producer prices fell 0.1% in [...]
Bloombuerg: Economy in U.S. Preserves Biggest Gain in Six Years
March 26 (Bloomberg) — The U.S. economy expanded at a 5.6 percent annual rate in the fourth quarter of 2009, and corporate profits climbed, setting the stage for gains in employment that may broaden and preserve the expansion. The rise in gross domestic product, while smaller than the government’s previous estimate issued last month, marked [...]
