Foreclosures | Mortgages | Financing
Even in the face of the U.S. stock market having its worst quarter in four years, Americans continued to enjoy increased personal financial satisfaction in the third quarter. Substantially fewer loan delinquencies – almost 25 percent below the prior year’s level – and a nearly-decade low level of underemployment have all eased Americans financial pain […] …read more
From:: Finance and Economy
Hurricane Patricia made landfall on the western coast of Mexico as a category 5 storm about 7:15 p.m. EDT Friday. The eye of the storm came ashore about 55 miles northwest of Manzanillo, Mexico. Patricia was packing sustained winds of 165 mph at the time it made landfall, according to a statement from the National Hurricane Center.
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
Friday marked a big day for a trio of tech stocks. Apple Inc., Microsoft Corp. and Google parent Alphabet Inc., now have a combined market capitalization of about $1.6 trillion. The gains for the companies on Friday marked the first time since Nov. 20 that three S&P 500 listed companies boasted a market cap of more than $400 billion, according to Dow Jones data. Apple topped the list with $679 billion, followed by Alphabet at $489 billion, and Microsoft Corp. with $422 billion. Alphabet is the only new entrant to the trifecta of S&P 500 giants, replacing Exxon Mobil Corp. , which has a market cap of $345 billion as of Oct. 23, according to FactSet.
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
Following strong share-price gains for Alphabet Inc. , and Microsoft Corp. stock’s best performance in 15 years, Friday marked the first time since November 20, 2014 where there were three U.S.-listed companies with a market capitalization exceeding $400 billion. Alphabet, formally known as Google, almost joined Apple Inc. as the second company valued above $500 billion. Its stock soared 5.6% to close at $719.33, giving the company a valuation of $495 billion. Microsoft’s stock soared 10% to $52.87, giving the company a market valuation of $422 billion. The last there there were three $400 billion companies, the companies were Apple, Microsoft and Exxon Mobil .
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
Microsoft Corp.’s stock closed at its highest level in 15.5 years on Friday following the company’s stronger-than-expected earnings. Shares of Microsoft soared 10% to close at $52.87, the highest close since March 31, 2000, according to data from Dow Jones’ markets data group. This is the second consecutive gain for Microsoft’s shares, marking their best two-day performance since March 11, 2009. Meanwhile, Microsoft’s market capitalization rose to its highest level since July 7, 2000, jumping $38.7 billion on Friday. That marked the fourth-largest one-day market valuation gain ever for the company, according to Dow Jones. Earlier this month, Microsoft unveiled a suite of new products, including its first-ever laptop, the Surface Book, and the Surface Pro 4. It will open its first flagship store ever on Fifth Avenue in New York City on Monday.
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
Staples Inc. founder Thomas Stemberg has died after a two-year battle with gastric cancer, The Wall Street Journal reports. He was 66 years old. Stemberg launched the office supply store in 1986 in Boston. It went public in 1989 and Stemberg stepped down as chief executive in 2001. Stemberg went on to join Highland Capital Partners and was an early investor in Lululemon Athletica Inc. . He is survived by his third wife Katherine, six sons, three stepdaughters and three grandchildren.
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 rallied on Friday after a surprise interest-rate cut from the People’s Bank of China and a string of better-than-expected earnings from heavyweight tech companies. The main indexes booked a fourth straight weekly gain with the majority of gains coming from technology and industrials companies. The S&P 500 closed 22.65 points, or 1.1%, higher at 2,075.16 and gained 2.1% over the week. The benchmark index turned positive for the year. The Dow Jones Industrial Average rose 157.81 points, or 0.9%, to 17,646.97 and ended the week with a 2.5% gain. The Nasdaq Composite advanced 111.81 points, or 2.3%, to 5,031.86, and gained 3% over the week, its strongest weekly advance since July.
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
The Justice Department won’t charge former IRS official Lois Lerner or anyone else at the IRS after concluding a probe into the targeting of tea-party and other conservative groups, reports said Friday. Lerner led the IRS division that subjected conservative nonprofits to extra scrutiny when they applied for tax-exempt status. A Justice Department probe found mismanagement but no evidence to support criminal prosecution, CNN said.
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
Oil futures settled at its lowest level in almost a month on Friday, while natural gas saw its lowest settlement since 2012. Oil saw pressure from strength in the U.S. dollar and data from Baker Hughes showing that the number of active U.S. oil-drilling rigs barely budged for the week. December crude settled at $44.60 a barrel on the New York Mercantile Exchange, down 78 cents, or 1.7%, for the session. Based on the most-active contracts, that was the lowest settlement since Sept. 28 and prices saw a weekly drop of 5.6%. November natural gas settled at $2.286 per million British thermal units, down 4.2% for the day to lose over 6% for the week. The settlement was the lowest since mid-June 2012.
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
OptimumBank won a foreclosure judgment over a shuttered and dilapidated hospital building in Miami Gardens after a loan modification didn’t work out.
The lawsuit targets what was once known as Parkway West Medical Center, now an 11-story eyesore for those driving through the Golden Glades interchange. The building’s windows are blown out and it’s covered in graffiti and overgrown plants.
The Fort Lauderdale-based bank (NASDAQ: OPHC) filed a foreclosure lawsuit against BSD of Miami Gardens… …read more
From:: biz journal foreclosures