Foreclosures | Mortgages | Financing
Tapia, a 2016 HousingWire Woman of Influence, will serve as senior vice president of foreclosure operations for ServiceLink and oversee the management of all foreclosure auction services for ServiceLink. …read more
From:: Real Estate Wire
Fitch Ratings late Friday upgraded its rating on Greece’s sovereign debt one notch to B-, from CCC, with a positive outlook, saying that country’s economy is “gradually recovering” and public finances are improving. The country’s debt sustainability “will steadily improve,” underpinned by on-going compliance with the terms of the European Stability Mechanism program, and reduced political risk, sustained GDP growth, and additional fiscal measures to take effect through 2020, Fitch said in a statement. The B-rating is “highly speculative.” Greece last month returned to the bond market for the first time since 2014, selling 3 billion euros of five-year bonds, on offer that was oversubscribed. Ratings agency Moody’s Investors Service in June also upgraded Greece’s debt.
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. stock-market indexes ended the second straight week with losses after lackluster performance on Friday following White House Chief Strategist Stephen Bannon’s ouster from the administration. The S&P 500 closed 4.46 points, or 0.2%, lower at 2,425.55 and booked a 0.7% weekly loss. The top loser on the S&P 500, Foot Locker, Inc. plunged 28% on Friday following earnings that missed expectations. The Nasdaq Composite index , which traded in positive territory most of the session, ended 5.39 points, or 0.1%, lower at 6,216.53, and booked a 0.6% loss over the week. The Dow Jones Industrial Average declined 76.22 points, or 0.4%, to 21,674.51 and fell 0.8% over the week. Weighing on the blue-chip index, Nike, Inc. fell more than 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
The Dow Jones Industrial Average Friday afternoon was being dragged lower by shares of Nike and Home Depot, as blue chips looked to close out another downbeat week, its fourth in succession, in negative territory. Shares of Nike Inc. , off 2.34, or 4.1%, and Home Depot Inc. , down $2.16, or 1.5%, together were weighing the Dow down by more than 30 points. Each $1 move in any of the price-weighted Dow’s components its equivalent to a 6.84-point swing in the equity average. Overall, the Dow was off 33 points, or 0.2%, adding to Thursday’s drop, which was the worst for the gauge since May 17; and snapped a 63-session streak without a decline of at least 1%. The Dow is set to end the week down about 0.6%, marking its fourth straight weekly drop since June 30, a sign that the industrials are losing momentum after a run of repeated all-time highs. Friday’s trade was volatile as the market, during a thinly traded August session, reacted to political news events, notably the announcement that White House adviser Stephen Bannon was ousted amid a fervor of President Donald Trump’s reaction to a white-supremacist rally over the weekend. The rest of the market was fighting to post slight gains. The S&P 500 index was trading up less than 0.1% at 2,431, while the Nasdaq Composite Index was up 0.2% at 6,232.
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 settled sharply higher Friday, buoyed by unconfirmed reports of a unit shutdown at a major U.S. refinery, as well as a weekly decline in the active drilling rig count for oil. September WTI crude rose $1.42, or 3%, to settle at $48.51 a barrel on the New York Mercantile Exchange. That was its highest finish in a week, but it still lost 0.6% from last Friday’s finish.
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 exact intricacies of a credit score continue to be one of the most confusing financial concepts for Millennials. This elusive three-digital number holds the power to some of the most financially expensive purchases in a consumers life, and yet according to a recent poll from LendEDU, young American consumers only have an intermediate understanding of that all-important number. See how well you perform against the stats. …read more
From:: Real Estate Wire
Americans’ expectations in their future soared at the beginning of August, bringing the University of Michigan’s measure of consumer confidence to its highest point since January. However, the survey did not include results from after the incident in Charlottesville, Virginia, which could bring confidence down once more by the end of the month. …read more
From:: Real Estate Wire
Independent Settlement Services, a national provider of appraisal and title management services, announced recently that it is partnering with HouseCanary, a provider of real estate data and valuation products for the mortgage industry, to provide a new automated valuation report. …read more
From:: Real Estate Wire
Facebook Inc. Chief Executive Mark Zuckerberg is taking two months of paternity leave as his wife expects their second child, Zuckerberg wrote on Facebook Friday. Zuckerberg said he will take a month off after the birth and then will later take off the month of December. He noted that Facebook offers four months of paternity leave. Shares of Facebook were up less than 1% Friday afternoon.
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 prices touched their highest intraday level of the year on Friday, briefly topping $1,300 an ounce before pulling back to settle lower for the session. “The selloff is unusual as there was no data or market news to account for the [roughly] $15 drop” from the day’s highs, said Mark O’Byrne, research director at GoldCore. “Risk aversion has eased with stocks eking out small gains and some traders may have decided to take profits at the $1,300 level.” December gold fell 80 cents, or less than 0.1%, to settle at $1,291.60 an ounce after trading as high as $1,306.90. For the week, it fell 0.2%.
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