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If you’re considering buying a property to rent out, you’re on the right track. Owning and renting a property can benefit the property owner and the property itself. There are several steps in accomplishing this, from creating positive cash flow to receiving tax benefits for owning a rental property. These are just two of the seven ways Trulia believes a property can boost its value and the owner’s net worth.
on Trulia.com.
From:: Property Management
PayPal on Wednesday announced its first acquisition since its split from eBay . PayPal said that it has acquired mobile payment start-up Modest, which will allow consumers to make purchases in apps by giving merchants the ability to provide buy buttons for their products, just likePinterest’s Buyable Pins–which actually uses PayPal’s Braintree platform. This is what PayPal calls contextual commerce, and the company is betting on this becoming the new frontier for commerce, said senior vice president and global head of merchant and next-generation commerce at PayPal Bill Ready in a statement. “For consumers it will mean seamless, simpler and safer ways to buy the things they want, anywhere they discover them,” he said. Modest was founded in 2012 by Harper Reed, who served as chief technology officer for President Barack Obama’s re-election campaign in 2012, and Dylan Richard, who was lead engineer for the campaign.
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 Securities and Exchange Commission said Wednesday that Citigroup Global Markets , the bank’s broker-dealer subsidiary, will pay a $15 million penalty to settle charges that it failed to protect material, nonpublic information. Broker-dealer employees routinely have access to material nonpublic information, but Citigroup Global Markets did not review thousands of trades executed by several of its trading desks for compliance with confidential information handling rules during between 2002 and 2012, the SEC said. Citigroup did not admit or deny the findings but agreed to retain a consultant to review and recommend improvements to its trade surveillance and advisory account order handling and routing.
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
Shares of oil-related firms were hammered Wednesday after the U.S. Energy Information Administration reported an increase in crude-oil supplies even as prices hit record lows. Shares of Marathon Oil Corp. , down by 6.7% and leading losers on the S&P 500 , were trading at a 52-week intraday low. Chevron Corp. also hit a 52-week intraday low, dragging the Dow Jones Industrial Average down along with it. Other energy names, Newfield Exploration Company , EOG Resources Inc. and Apache Corp. , were all tumbling about 5%. Crude-oil futures for September delivery were off more than 4% after the EIA report revealed the rise in oilinventories. The energy sector, off 2.6%, was driving the S&P 500’s 10 main sectors lower.
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
Weight Watchers International Inc.’s stock surged 8.6% in morning trade, after Morgan Stanley upgraded the weight management services company, citing valuation. Analyst Dara Mohsenian raised his rating to equal weight from underweight, while keeping his stock price target at $6, which is 3.2% below current levels. While Mohsenian considers the fundamental outlook to be “weak,” given declining attendance trends and intense competition, he believes the stock now appropriately reflects that outlook following the recent underperformance. The stock has soared 55% so far this month, boosted by better-than-expected second-quarter earnings and a raised full-year outlook, but was still down 75% year to date, while the S&P 500 has gained 0.8%.
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 prices fell under $42 a barrel after the U.S. Energy Information Administration on Wednesday reported an increase of 2.6 million barrels in crude supplies for the week ended Aug. 14. Analysts polled by Platts forecast a crude-stock fall of 1.2 million barrels, while the American Petroleum Institute Tuesday said supplies declined 2.3 million barrels, according to sources. Gasoline supplies fell 2.7 million barrels while distillate stockpiles climbed by 600,000 barrels last week, according to the EIA. September crude was at $41.73 a barrel, down 89 cents, or 2.1%, on the New York Mercantile Exchange. Prices traded at $42.16 before the report.
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
Shares of the biggest U.S. egg producer Cal-Maine Foods Inc. fell 1.5% in early trade Wednesday, after government data showed egg prices spiked again in June. Egg prices rose 18.2% in June from May, after climbing 43% in May from April. Egg prices have surged following a major outbreak of avian influenza in a number of states that have led to major culling of flocks. In the quarter ended May, Cal-Maine showed that it was not really benefiting from higher egg prices, missing on profit and revenue. Among poultry producers, Pilgrim’s Pride shares fell 1.7%. Hormel Foods shares rose 0.9%, after the company posted better-than-expected earnings for the July quarter and raised its outlook. The company said operating profit at its Jennie-O Turkey division tumbled 45% as volume fell 16% and dollar sales were down 12%, weighed down by flocks lost to the flu outbreak.
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 opened lower Wednesday after a reading of consumer prices suggested that inflation might be rising at a sufficiently healthy pace to warrant a rate increase by the Federal Reserve as early at its next meeting in September. The S&P 500 lost about 6 points, or 0.3%, to 2,088, the Dow Jones Industrial Average lost 113 points, or 0.7%, to 17,387 while the Nasdaq Composite Index fell 21 points, or 0.5%, to 5,034.
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
Google Inc. unveiled a new cordless at-home Wi-Fi router this week called OnHub. The router can be managed, and devices added, through the Google On app, available through the Android or iOS app stores. The app provides information on how much bandwidth devices are using and allows users to run network checks. The lack of cords, which have been replaced by internal antennas, allow the device to be stored out in the open where the connection may be spread more evenly throughout the house, according to Google. The device is available for pre-order for $199.99 from certain online retailers in the U.S., including the Google Store, Amazon.com and Walmart.com and will expand to U.S. and Canadian brick-and-mortar retail stores in the coming weeks. “We’re streaming and sharing in new ways our old routers were never built to handle,” Google said. Shares of Google were up 0.3% to $690.70 in premarket trade.
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
Fogo de Chao Inc.’s stock climbed 2.5% in premarket trade Wednesday, after J.P. Morgan upgraded the Brazilian steakhouse chain, citing attractive upside share-price potential. Analyst John Ivankoe raised his rating to overweight from neutral. His $24 stock price target is 22% above Tuesday’s closing price of $19.71. Ivankoe said despite better-than-expected second-quarter results, the continued to trend lower since going public June 19, closing Monday at $18.48, or 7.6% below its initial public offering price of $20, before bouncing 6.6% on Tuesday to close just below the IPO price. “While it is ideal to ‘bottom tick’ a stock on an upgrade, sometimes that’s simply not possible,” Ivankoe wrote in a note to clients. He recommends investors “take advantage of this weakness to now overweight shares.”
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