admin, Author at Real Estate is Ideal

March 17, 2017

Oil speculators cut net longs, but selling ‘has room to continue’

An analyst late Friday warned that oil prices could be headed for more declines. The latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission revealed that speculators sold 86,582 West Texas Intermediate crude-oil futures and options contracts in the week ended March 14, but with the group still net long 315,077 contracts, selling ” has room to continue,” said Tim Evans, energy analyst at Citi Futures and OTC Clearing. WTI oil prices dropped 9.1% for the week ended March 10. The April contract settled at $48.78 a barrel on the New York Mercantile Exchange, up about 0.6% for this week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

March 17, 2017

Chelsea Clinton joins expanded Expedia Inc. board

Expedia Inc. said late Friday that Chelsea Clinton has been elected to its board of directors, filling in a newly created position as the company expanded the board to 14 members from 13. Clinton also serves on the board of IAC/InterActive COrp. , which Expedia spun off in 2005; an affiliate of the Clinton Foundation; the School of American Ballet, and others. Clinton’s compensation will be “standard,” or the $45,000 a year plus stock grants valued at $250,000 that Expedia pays its board members according to its 2016 proxy statement for the shareholder meeting. Shares of Expedia were flat in after hours, having ended the regular session up 0.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

March 17, 2017

Freddie Unloads Nonperforming Mortgages

A portfolio of deeply delinquent residential loans has been sold through the auction process by the Federal Home Loan Mortgage Corp.

The McLean, Virginia-based firm began marketing the nonperforming mortgages on Feb. 16. Originally there were five pools with $759 million in loans.

On Friday, Freddie Mac disclosed that it successfully sold four pools with 3,621 loans that have an aggregate unpaid principal balance of $667 million.

From:: Financing

March 17, 2017

CFPB may fall under new executive order to reorganize executive branch

Unlike previous executive orders that did not apply to the Consumer Financial Protection Bureau, President Trump signed an executive order granting additional powers to either rework or eliminate “components of agencies, and agency programs.” However, one expert says it’s not that simple to overhaul the CFPB. …read more

From:: Real Estate Wire

March 17, 2017

Newly appointed Atlanta Fed President Raphael Bostic resigns from Freddie Mac board

Raphael Bostic, the newly appointed president and chief executive officer of the Federal Reserve Bank of Atlanta, will resign from his seat on Freddie Mac’s board of directors later this year, the government-sponsored enterprise announced Friday. …read more

From:: Real Estate Wire

March 17, 2017

More Americans optimistic about economic future – except Democrats

Consumer confidence increased once again at the beginning of March. In fact, all signs of optimism in the market are up, with the exception of one demographic. Democrats optimism is so low it signals the economy is soon to move into a recession, according to the Survey of Consumers from the University of Michigan. …read more

From:: Real Estate Wire

March 17, 2017

Oil prices mark first weekly gain in three weeks

Oil prices settled a few cents higher on Friday and scored a weekly gain of about 0.6% following losses in each of the last two weeks. Data Friday from Baker Hughes revealed a ninth straight weekly climb in the number of active U.S. oil rigs, implying the potential for further gains in crude production. Prices, however, managed to find some support on the back of weakness in the U.S. dollar and continued output reductions among other producers under the OPEC-led agreement. April West Texas Intermediate crude rose 3 cents, or less than 0.1%, to settle at $48.78 a barrel.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

March 17, 2017

Secret Service laptop with Trump, Clinton info stolen

A laptop with information on the Trump Tower layout and details of a probe into Hillary Clinton’s email server was reportedly stolen from a vehicle belonging to a Secret Service agent, according to ABC. The computer heist took place Thursday. Authorities have video evidence and are looking for a suspect. The laptop is encrypted and the hard drive could be remotely wiped clean if necessary, the ABC report says.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

March 17, 2017

Gold prices score of gain of more than 2% for the week

Gold prices climbed Friday to settle about 2.4% higher for the week. Declines in the U.S. dollar in the wake of the Federal Reserve’s cautious stance to future interest-rate hikes gave the yellow metal a boost. April gold climbed by $3.10, or 0.3%, to settle at $1,230.20 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

March 17, 2017

Baker Hughes data show U.S. oil-rig count up a ninth straight week

Data from Baker Hughes Friday revealed that the number of active U.S. rigs drilling for oil rose by 14 to 631 rigs this week. The oil rig count has now climbed for nine straight weeks. The total active U.S. rig count, which includes oil and natural-gas rigs, also jumped higher by 21 to 789, according to Baker Hughes. April West Texas Intermediate crude was down 3 cents, or less than 0.1%, at $48.72 a barrel on the New York Mercantile Exchange, little changed from their levels before the data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News