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Carly Fiorina is dropping out of the presidential race, she said Wednesday on Twitter. Fiorina, the former chief executive of Hewlett-Packard, came in seventh in Tuesday’s New Hampshire primary. Polls have consistently placed her at the back of the Republican field.
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From:: Stock Market News
Oil futures settled below $28 a barrel on Wednesday as recent industry reports raised further worries about the outlook for crude demand and an ongoing surplus of supplies. Prices managed to get only a brief boost in the immediate wake of data showing a surprise decline in weekly U.S. crude inventories. March West Texas Intermediate crude finished at $27.45 a barrel on the New York Mercantile Exchange, down 49 cents, or 1.8%. Based on the front-month contracts, prices settled at their lowest level since Jan. 20.
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
Fannie Mae announced Wednesday that it selected the winning bidders in its latest sale of non-performing loans, with a subsidiary of one of Wall Street’s biggest names among the winning bidders: Goldman Sachs. …read more
From:: Real Estate Wire
Oprah Winfrey bid and won a sprawling equestrian estate on the California coast. Conducted by Alan Armstrong from Sage Auctions, Oprah is now owner of Seamair Farms. …read more
From:: Real Estate Wire
The National Retail Federation expects retail sales, excluding automobile, gas station and restaurant sales, to grow 3.1% in 2016. “Wage stagnation is easing, jobs are being created and consumer confidence remains steady, so despite the headwinds our economy faces from international developments – particularly in China – we think 2016 will be favorable for growth in the retail industry,” said Matthew Shay, chief executive of the NRF, according to a statement published Wednesday. The trade association also forecasts economic growth in the range of 1.9% to 2.4% in 2016. And the NRF sees employment gains of about 190,000 on an average monthly basis, with the unemployment rate dropping to 4.6% by year-end. The unemployment rate currently stands at 4.9%.
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
A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder. And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon, impacting more than first-time homebuyers. …read more
From:: Real Estate Wire
Ernst Publishing Company, a technology provider and closing cost data for the real estate and home finance industries announced recently Mike Fletcher joined the company as its director of strategic accounts. …read more
From:: Real Estate Wire
Ernst Publishing Company, a technology provider and closing cost data for the real estate and home finance industries announced recently Mike Fletcher joined the company as its director of strategic accounts. …read more
From:: Real Estate Wire
Due to low delinquencies and foreclosures, Wells Fargo said it will let go of 581 employees in its mortgage operations. It’s just the latest in a string of job cuts at the bank’s mortgage operations. …read more
From:: Real Estate Wire
The dollar trimmed its gains against the euro and weakened further against the yen Wednesday after Federal Reserve Chairwoman Janet Yellen took questions from the House Financial Services committee. Yellen largely hewed to the cautious outlook from her prepared remarks during the question and answer session. She acknowledged the deterioration in market conditions, but didn’t back away from the possibility of raising interest rates in the near future. The dollar’s decline suggests that investors have interpreted her remarks as slightly dovish — meaning they expect the Fed will leave interest rates lower for longer, said Matt Weller, senior technical analyst at Forex.com. The euro traded at $1.1205, compared with $1.1289 late Tuesday in New York. The dollar traded at 114.33 yen, compared with 114.95 yen.
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