Appraisal volume finished the winter on the low note, with the 4-week moving average tumbling due to a drop in volume. This week redeemed that and set a strong pace for the spring. …read more
From:: Real Estate Wire
America’s real estate deemed safe for foreign investment
By jgaffney@housingwire.com A recent press release points to U.S. real estate as particularly sound given the current overall uncertain climate globally. And while the release is short on solid data, the talking points bear reading. …read more
From:: Real Estate Wire
Gold futures give back more than half of their recent gains
Gold futures retreated on Wednesday, giving back more than half of what they gained a day earlier when U.S. Federal Reserve Chairwoman Janet Yellen reiterated a cautious stance on interest-rate hikes. June gold lost $8.90, or 0.7%, to settle at $1,228.60 an ounce. The dollar-denominated metal gained $15.50, or 1.3%, on Tuesday as Yellen’s remarks pressured the greenback .
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
Gold futures give back more than half of their recent gains
Gold futures retreated on Wednesday, giving back more than half of what they gained a day earlier when U.S. Federal Reserve Chairwoman Janet Yellen reiterated a cautious stance on interest-rate hikes. June gold lost $8.90, or 0.7%, to settle at $1,228.60 an ounce. The dollar-denominated metal gained $15.50, or 1.3%, on Tuesday as Yellen’s remarks pressured the greenback .
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
Treasury says it disagrees with court ruling on MetLife’s ‘systemically important’ label
WASHINGTON (MarketWatch) – The Treasury Department said Wednesday that it stands by the Financial Stability Oversight Council’s determination that a material distress at Metlife Inc. [s:MET] could pose a threat to the financial system. In a statement, a spokesman for the agency said Treasury “strongly disagree” with afederal judge’s decision to rescind the FSOC determination that MetLife is a systemically important financial institution. “We are confident that FSOC’s determination was lawful and will continue to defend the Council’s designations process vigorously,” the Treasury spokesman said.
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From:: Stock Market News
SEC fines venture capitalist and two other execs for allegedly siphoning client funds
The Securities and Exchange Commission settled charges Wednesday with G. Steven Burrill, and his firm Burrill Capital Management, for allegedly siphoning money from a fund managed by the firm in order to prop up his other struggling businesses and finance a lavish lifestyle. The SEC investigation found Burrill concealed his theft from investors by calling the misappropriation “advanced” management fees and spent it on family vacations as well as jewelry, gifts, car service, and private jets. Burrill and his firm will pay back $4.785 million to investors plus pay a $1 million penalty. Burrill also agreed to be permanently barred from the securities industry. Burrill Capital Management’s chief legal officer Victor A. Hebert and controller Helena C. Sen also settled charges they enabled the scheme and paid penalties of $185,000 and $90,000, respectively. They also are barred from the securities industry. Burrill, his firm, Hebert, and Sen agreed to the settlements without admitting or denying the findings. Burrill, a former audit partner, and Sen are also permanently suspended from appearing and practicing before the SEC as accountants. Hebert is permanently suspended from appearing and practicing before the SEC as an attorney.
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
DocMagic officially launches total eClosing solution
DocMagic formally launched its total eClosing solution. The lending document provider claims eClosing will be simple to implement, delivering a full, paperless closing process. …read more
From:: Real Estate Wire
Affordable homes in Dallas? Good luck with that…
With an estimated 11,000 people moving to Dallas each month due to the booming job market, it’s pretty much common knowledge that starter homes are disappearing. But just how bad is it for first time homebuyers? …read more
From:: Real Estate Wire
MetLife’s stock jumps in active trade after judge rescinds SIFI designation
MetLife Inc.’s stock shot up 5.1% in active morning trade, after a federal judge granted the insurer’s wish by rescinding the government’s determination that the company was a systemically important financial institution (SIFI), according to a report in The Wall Street Journal. Volume topped seven million shares about 90 minutes after the open, compared with the full-day average of 6.2 million shares, according to FactSet. Details of the judge’s decision, which could be appealed by the Financial Stability Oversight Council, were not immediately available, the WSJ report said. MetLife has been pushing to overturn the SIFI designation, because that comes with increased regulatory oversight and higher capital requirements.
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From:: Stock Market News
Oil gains more ground after EIA reports a 2.3 million-barrel rise in U.S. crude supplies
Oil futures gained more ground on Wednesday after the U.S. Energy Information Administration reported a 2.3 million-barrel rise in crude-oil supplies for the week ended March 25. That was below than the 2.6 million-barrel increase reported by the American Petroleum Institute, and close to the climb of 2 million barrels expected by analysts polled by Platts. Gasoline supplies fell by 2.5 million barrels, while distillate stockpiles edged down by 1.1 million barrels last week, according to the EIA. May crude was at $39.75 a barrel on the New York Mercantile Exchange, up $1.47, or 3.8%. Prices traded at $39.46 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