Foreclosures | Mortgages | Financing
Tax season is upon us and if you have a pending or recent home sale, you’ll surely want to know: what income taxes will you have to pay on the sale? The amount of taxes you’ll be responsible for depends on the length of time you’ve spent in the home. If your family resided in […] …read more
From:: Finance and Economy
Gold prices tumbled on Tuesday as U.S. stocks drew bidders and after a prominent Wall Street firm offered a bearish outlook on the yellow metal. April gold fell $31.20, or 2.5%, to $1,208.20 an ounce. Renewed appetite for U.S. stocks diminished some of the appeal of the precious metal, which has enjoyed one of its best runs over the past two weeks. Adding to gold’s decline was a report from Jeffrey Currie, Goldman Sachs’s global head of commodities, who said in his most recent research note that it is time to bet against the traditional haven as investor fears are overdone and don’t justify the recent rally. Gold has gained almost 14% so far this year, compared with a decline in the S&P 500 index of 7.4%. The price decline loss for gold, based on a most-active contract, was the worst since March 6, 2015, according to Dow Jones data. On a percentage basis, it was the worst one-day fall in about three months.
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 tumbled on Tuesday as U.S. stocks drew bidders and after a prominent Wall Street firm offered a bearish outlook on the yellow metal. April gold fell $31.20, or 2.5%, to $1,208.20 an ounce. Renewed appetite for U.S. stocks diminished some of the appeal of the precious metal, which has enjoyed one of its best runs over the past two weeks. Adding to gold’s decline was a report from Jeffrey Currie, Goldman Sachs’s global head of commodities, who said in his most recent research note that it is time to bet against the traditional haven as investor fears are overdone and don’t justify the recent rally. Gold has gained almost 14% so far this year, compared with a decline in the S&P 500 index of 7.4%. The point loss for gold, based on a most-active contract, was the worst since March 6, 2015, according to Dow Jones data. On a percentage basis, it was the worst one-day fall in about three months.
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
With the 2016 presidential election inching closer at a seemingly glacial pace, one issue that many of the main candidates have neglected to address is housing and its impact on the country’s economy. But it appears that is about to change as Hillary Clinton, the Democratic hopeful and former Secretary of State, recently announced a sweeping economic agenda that includes some major housing reforms. …read more
From:: Real Estate Wire
Appraisal volume moved higher for the third consecutive week, increasing 4.2% for the week of Feb. 7. The steady rise can be attributed to soft interest rates and the stable employment market. …read more
From:: Real Estate Wire
Data released by global resource Standard & Poor’s and information services company Experian, indicates that while the bankcard default rate increased in January, the first mortgage default rates remained unchanged. …read more
From:: Real Estate Wire
Data released by global resource Standard & Poor’s and information services company Experian, indicates that while the bankcard default rate increased in January, the first mortgage default rates remained unchanged. …read more
From:: Real Estate Wire
While the market is ripe for growth, homebuilder confidence has yet to benefit from this, coming in below expectations in February. The drop this month can partly be attributed to these two main things. …read more
From:: Real Estate Wire
Ascent Capital Group Inc.’s stock shot up 30% in morning trade Tuesday, putting it on course for the biggest one-day percentage gain in its 7 1/2-year history, in the wake of buyout offer for rival home security company ADT Corp. . Last Thursday, the stock had closed at a record low of $7.99, or just 9% of the value at the Dec. 27, 2013 record close of $88.50. Ascent Capital began trading on Sept. 17, 2008, just two days after the Lehman Bros. bankruptcy. The surge in Ascent’s stock came as rival ADT’s stock soared 50%, after ADT agreed to be acquired by private-equity firm Apollo Global Management for a 56% premium. Ascent’s stock was still down 36% year to date after Tuesday’s jump, while the S&P 500 has lost 8.1%.
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
Community Health Systems Inc.’s stock plunged 28% in active morning trade Monday, putting it on course to close at a six-year low, after the hospital operator swung to a surprise fourth-quarter loss on revenue that fell well short of expectations. Volume just 15 minutes after the opening bell was about 4.5 million shares, already above the full-day average of about 3.8 million shares, according to FactSet. The company reported before the open a fourth-quarter loss of $74 million, or 66 cents a share, compared with a profit of $129 million, or $1.12 a share, in the same period a year ago. Excluding non-recurring items, such as expenses related to a legal settlement and to the planned spinoff of Quorum Health, the per-share loss was 28 cents, compared with the FactSet consensus for a profit of 95 cents a share. Revenue fell 2.4% to $4.8 billion, compared with the FactSet consensus for a 1.3% increase to $4.98 billion. Chief Executive Wayne Smith said the quarter was negatively affected by volume weakness and higher emergency room visits and admissions attributed to respiratory illness and the flu. An increase in allowances for doubtful accounts also hurt results, Smith said. The stock has plunged 49% year to date, while the S&P 500 has slipped 7.7%.
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