Ask This Old House plumbing and heating expert Richard Trethewey helps a homeowner reattach an undermount kitchen sink to a granite countertop …read more
From:: DIY this old house
How to Secure an Undermount Kitchen Sink
Can Houston’s housing market maintain its strong pace in 2016?
Houston rose to the challenge in 2015 and managed to record the second-highest sales volume of all time, albeit it still came in second to 2014. However, the biggest struggles in 2015 happened at the end of the year, so where does this leave 2016? …read more
From:: Real Estate Wire
Maryland homebuilder jailed for multimillion-dollar mortgage fraud
A Maryland man who owned and operated a homebuilding company will spend the next year in prison for his role a mortgage fraud scheme that defrauded a mortgage lender of more than $2.4 million. …read more
From:: Real Estate Wire
Arron Lewis found guilty of murdering Arkansas Realtor Beverly Carter
Arron Lewis was found guilty Friday of abducting and killing Arkansas Realtor Beverly Carter in 2014, according to various Arkansas media outlets. Lewis was automatically sentenced to life in prison without parole for Carter’s murder and also received a consecutive life sentence for kidnapping. Click the headline to read more. …read more
From:: Real Estate Wire
Beal Bank founder buys North Texas’ largest home for $100 million
A spectacularly massive home that already broke records for its size is about to break records for its price tag as well. The largest and perhaps most notorious home in North Texas has found a buyer, as Andy Beal, the billionaire founder of Beal Bank, has reportedly agreed to buy the home of Dallas businessman Tom Hicks for $100 million. …read more
From:: Real Estate Wire
U.S. stocks post worst 10-day calendar-year start in history
U.S. stocks ended the day with sharp losses Friday, posting the worst 10-day start to a year in history. A combination of plunging crude-oil prices and worries about slowing growth in the U.S. and China unsettled investors. Stocks trimmed their losses in the last hour of trading, but remained sharply lower. The S&P 500 closed 45 points, or 2.3%, lower at 1,876, with financials, information technology and energy leading the losses. The Dow Jones Industrial Average fell 392 points, or 2.4%, to 15,987. Intel led the Dow industrials lower, down more than 9%. Meanwhile, the Nasdaq Composite ended the day down 127 points, or 2.7%, at 4,488.
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
Stock market internals suggest the selloff isn’t a bottom-worth washout
Market internals suggest investors shouldn’t view Friday’s bloodbath in the broad market indexes as the washout needed to clear the way for a stock market recovery. The NYSE’s Arms Index, which is a volume-weighted measure of market breadth many use measure selling or buying intensity, rose to 1..44 in afternoon trade. That was well below the key 2.0 level, which technicians view as the threshold that suggests panic selling, or capitulation by bulls. Meanwhile, the Dow Jones Industrial Average tumbled 375 points, and the S&P 500 slumped 2.3%. Last year’s high in the NYSE’s Arms Index was 4.95 on Sept. 1, when the Dow tumbled 470 points; the Dow rose 293 points the next day, and climbed 1830 points over the next 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
Oil futures drop more than 11% for the week
Oil futures fell on Friday, with concerns that Iran will soon add to the world’s glut of crude supplies prompting West Texas Intermediate prices to settle at their lowest level since November of 2003. February crude fell $1.78, or 5.7%, to settle at $29.42 a barrel on the New York Mercantile Exchange. For the week, prices lost 11.3%.
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
Is settlement looming between U.S. and RBS over pre-crisis mortgage bonds?
Now that the U.S. government secured another massive settlement over pre-crisis mortgage bond practices, this time with Goldman Sachs to the tune of $5 billion, only one major investigation remains outstanding – Royal Bank of Scotland. And according to a report from Reuters, settlement between RBS and the feds could be coming in the next few weeks. …read more
From:: Real Estate Wire
Room for another ‘violent move’ either direction by stocks: trader
Stocks could see a big move up or down before the closing bell Friday, said Stephen Guilfoyle, managing director of NYSE floor operations for Deep Value Execution Services. The S&P 500 broke through important technical support at the August low near 1,867 Friday and then proceeded to dive through the next important support level at 1,862, but the selloff “failed to go into beast mode,” Guilfoyle said in emailed comments. Noting that stocks were well off the lows, Guilfoyle said there could be another “violent move before this day ends. Neither direction would surprise me.” The S&P 500 was down 54 points, or 2.8%, at 1,868 in recent trade after sinking to a 15-month low at 1,854.42. The Dow industrials are down 431 points, or 2.6%, at 15,951, after earlier losing more than 500 points.
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