Foreclosures | Mortgages | Financing
Renters who are looking to buy their first home in today’s competitive market shouldn’t get discouraged. According to the National Association of Realtors, more renters in these markets can afford to buy a home than the national average. …read more
From:: Real Estate Wire
Shares of First Hawaiian Inc., a bank holding company, opened at $24.20 Thursday, 5.2% above the company’s issue price in its market debut on the Nasdaq. First Hawaiian sold 12.1 million shares at $23 per share to raise about $485 million. The company itself will not receive any proceeds from the sale. The offering is being underwritten by Barclays, Credit Suisse, Deutsche Bank Securities and J.P. Morgan.
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From:: Stock Market News
Natural gas futures spiked higher but then gave back gains in choppy trade Thursday after weekly U.S. government data showed an unexpected drawdown in the amount of fuel in storage. The Energy Information Administration said natural gas inventories fell 6 billion cubic feet from the previous week to 3.288 trillion cubic feet. Analysts surveyed by The Wall Street Journal had forecast a rise of 1 billion cubic feet. Natural gas futures jumped in the wake of the data but then retreated to flip between small gains and losses. Natural gas for September delivery on the New York Mercantile Exchange was flat at $2.839 per million British thermal units.
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
While Stonegate Mortgage improved significantly from last quarter, it is still far below its earnings from last year. Two major factors played into the fall from last year, and the ongoing recovery. …read more
From:: Real Estate Wire
Shares of At Home Group , a home retail company, were trading at $15.66, above the company’s issue price, in its debut Thursday on the New York Stock Exchange. At Home sold 8.7 million shares at $15 a share to raise $130.5 million. Bank of America Merrill Lynch, Goldman, Sachs & Co., Jefferies and Morgan Stanley were underwriters for the offering.
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
After a disappointing GDP estimate for the second quarter, mortgage rates dropped 5 basis points, erasing almost all gains from the past weeks. …read more
From:: Real Estate Wire
Shares of fertilizer maker CF Industries Holdings Inc. tumbled 14% Thursday to mark their biggest one-day decline in eight years, after the company’s second-quarter profit fell way below expectations. CF said late Wednesday that it had net income of $47 million, or 20 cents a share, in the quarter, down from $352 million, or $1.49 a share, in the year-earlier period. Adjusted per-share earnings came to 33 cents a share, well below the FactSet consensus of 67 cents.Earnings were hurt by a $61 million realized loss on natural gas hedges and a $150 million merger termination payment to OCI N.V. Sales fell to $1.13 billion from $1.31 billion, weighed down by lower average selling prices across all segments. The company said it expects abundant nitrogen supply to continue to pressure pricing through 2017. The company is suspending its share buyback program to preserve cash. Shares are down 48% in the year so far, while the S&P 500 has gained about 6%.
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
U.S. stocks kicked off Thursday trade mostly flat after the Bank of England cut its key interest rate for the first time in seven years and expanded its quantitative-easing program. Investors in the U.S. are widely awaiting a key jobs report due Friday, which could help offer guidance on the health of the labor market. Before the opening, however, a report on weekly labor-market report showed that those submitting claims for unemployment rose to the highest level since the end of June, but jobless claims were still signaling healthy employment levels. The Dow Jones Industrial Average opened 10 points, or less than 0.1%, at 18,363, the S&P 500 index was less than a point lower at 2,164 and the Nasdaq Composite Index was little-changed at 5,159.
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From:: Stock Market News
Ford Motor Co. said Thursday that it was recalling about 830,000 vehicles, including about 767,000 in the U.S., to replace side-door latches. Ford said there was one reported injury and one reported accident related to faulty side-door latches. The recalls involves 2013 to 2015 Ford C-Max, 2013-2015 Ford Escape, 2012 to 2015 Ford Focus, 2015 Lincoln MKC, 2015 Ford Mustang and 2014-2016 Ford Transit Connect vehicles. Ford disclosed in a regulatory filing that the “field service action,” or recall, will cost about $270 million, and will be recorded in the third quarter. “In the affected vehicles, the pawl spring tab in the side door latch could break. This condition typically will prevent the door from latching. In certain situations where the door is able to be closed, the door may unlatch while driving, increasing the risk of injury,” Ford said in a statement. The stock, which edged up 0.4% in premarket trade, had tumbled 14% year to date through Wednesday, while the S&P 500 had gained 5.9%.
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
Ford Motor Co. said Thursday that it was recalling about 830,000 vehicles, including about 767,000 in the U.S., to replace side-door latches. Ford said there was one reported injury and one reported accident related to faulty side-door latches. The recalls involves 2013 to 2015 Ford C-Max, 2013-2015 Ford Escape, 2012 to 2015 Ford Focus, 2015 Lincoln MKC, 2015 Ford Mustang and 2014-2016 Ford Transit Connect vehicles. “In the affected vehicles, the pawl spring tab in the side door latch could break. This condition typically will prevent the door from latching. In certain situations where the door is able to be closed, the door may unlatch while driving, increasing the risk of injury,” Ford said in a statement. The stock, which edged up 0.6% in premarket trade, had tumbled 14% year to date through Wednesday, while the S&P 500 had gained 5.9%.
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