Gold futures down 10 sessions in a row

Gold futures settled lower on Wednesday for a 10th session in a row, settling at their lowest level since March 2010. Prices have continued to plunge following a decline in demand as an investment haven and on strength in the dollar. August gold shed $12, or 1.1%, to settle at $1,091.50 an ounce for the Comex session. That was the lowest settlement for a most-active contract since March 24, 2010.

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From:: Stock Market News

Twitter announces second annual developer conference

Twitter Inc. has announced its second annual developer conference, Twitter Flight, to be held in San Francisco on October 21. The event will enable the microblogging site to showcase new products, and present tools to the developers that build third-party Twitter apps. This comes as Twitter works to build its offline community – the number of people who view Twitter content without being directly logged in to the platform – and expand products for users and tools for advertisers. The company hasn’t given an entire list of events, but said talks will focus on developing technical understanding of the Twitter platform, including back-end services and apps. Twitter also announced a new analytics tool on Wednesday called Answer Events that enables developers and advertisers to track specific actions and events of users in real time. Shares of Twitter were down 2.2% to $35.84 in recent 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.

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From:: Stock Market News

Stonegate Bank Plaza in Boca Raton escapes foreclosure with refinancing

By Brian Bandell

The owner of the Stonegate Bank Plaza office building in Boca Raton resolved a foreclosure lawsuit by refinancing the property.

Wells Fargo Bank, representing a commercial mortgage-backed securities (CMBS) trust, filed a $25.3 million foreclosure lawsuit in November 2014 against Arbern Investors IV and managing member Morris “Skip” Stoltz II. The loan was later sold to 301 Yamato Note, which is registered to the Corporation Trust Co. in Wilmington, Del.

The 382,503-square-foot office building,… …read more

From:: biz journal foreclosures

Social Security disability-insurance program faces 2016 financing shortfall

WASHINGTON (MarketWatch) – The Social Security disability-insurance program will be able to pay only 81% of benefits starting in late 2016 unless Congress acts to replenish the fund, trustees of the program said Wednesday in their annual report. In the past, Congress has diverted tax revenue from Social Security’s main retirement program to allocate more revenue to disability benefits, said Kathy Ruffing, a senior fellow at the Center on Budget and Policy Priorities. Social Security’s combined funds will be solvent until 2034, one year later than estimated in the prior report. The Medicare hospital-insurance trust fund will be exhausted in 2030, the same as estimated last year.

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From:: Stock Market News

Blue Buffalo Pet Products trading 35% above initial pricing in market debut

Shares of Blue Buffalo Pet Products Inc. were trading at $26.93 on its first day of trading Wednesday, or 35% above its initial pricing of $20 a share. The pet food company sold 33.8 million shares, and it priced at $20, $2 above its expected range of $16 to $18. The shares are offered by stockholders, not the company.

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From:: Stock Market News

EIA reports 2.5 million-barrel climb in weekly oil supplies

Oil prices continued lower after the U.S. Energy Information Administration on Wednesday reported a climb of 2.5 million barrels in crude supplies for the week ended July 17. Analysts polled by Platts forecast a crude-stock fall of 1.9 million barrels, while the American Petroleum Institute Tuesday said supplies climbed by 2.3 million barrels, according to sources. Gasoline supplies fell 1.7 million barrels while distillate stockpiles tacked on 200,000 barrels last week, according to the EIA. September crude was at $49.97 a barrel, down 89 cents, or 1.8%, on the New York Mercantile Exchange. Prices traded around the same level 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.

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From:: Stock Market News

Euro back below $1.09 after existing-home sales

The dollar strengthened Wednesday after the National Association of Realtors reported that sales of existing homes in the U.S. rose 3.2% in June, the fastest pace since February 2007. The dollar rose to 124.05 yen, from 123.90 yen ahead of the report. Meanwhile, the euro traded at $1.0885 , from $1.0910.

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.

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From:: Stock Market News

10 Minute DIY: Upcycle Glass Bottles Into Citronella Torches

By Chelsea Faulkner

If you’re looking for one of the easiest, cheapest DIY project out there, you’ve found it. I hate throwing away beautiful glass bottles, but I also have a bad habit of saving them and then doing nothing with them. So after a few months of these gorgeous blue glass liquor bottles sitting on my kitchen counter, it was time to put them to use. We’ve had a bit of a mosquito problem here in East Tennessee this year, so this project was a no brainer. These citronella bottle torches took less than 10 minutes to make and they do a great job of keeping away those pesky bugs. Plus, they look great by the pool! (Hint: these also make awesome gifts). Check out the super-simple steps below.

Photo by Mike Faulkner

This project is totally customizable! Any type of glass bottle with a small opening, such as a wine bottle, beer bottle or soda bottle, will work.

What You’ll Need

Tools:

  • hot glue gun
  • small funnel

Materials

  • glass bottle with opening similar to a wine bottle
  • citronella torch fuel
  • citronella torch wick replacement
  • 1/2″ x 3/8″ copper coupling
  • 1/2″ flat steel washer

Step 1: Clean Bottle

Photo by Mike Faulkner

Wash the inside and outside of your bottle with warm water and dish soap. To remove any packaging stickers, run under very hot water for about 30 seconds then easily peel off. For tougher adhesive, use a sticker removal product until all glue is removed, then wash with soap and water again. Dry thoroughly.

Step 2: Glue on Washer

Photo by Mike Faulkner

Run a thick line of hot glue around the opening of the bottle.

Photos by Mike Faulkner

Working quickly to ensure proper adhesion, attach washer to hot glue and center over opening. Tip: If your copper coupling sits in the opening of the bottle without slipping, the washer is unnecessary and you can skip this step.

Step 3: Add Fuel

Photo by Mike Faulkner

Using a small funnel, slowly pour in citronella torch fuel until bottle is about 3/4 full.

Step 4: Prepare Wick

Photo by Mike Faulkner

Slip the copper coupling onto the end of the wick with the larger (1/2-inch) end facing up.

Step 5: Insert Wick

Photo by Mike Faulkner

Squeeze the end of the wick to ensure that no stray fibers get caught on the bottle opening.

Photo by Mike Faulkner

Slowly twist the wick down into the bottle.

Photo by Mike Faulkner

Rest copper coupling on the lip of the washer, leaving about 1/2-inch of wick exposed.

Step 6: Light It Up & Enjoy

Photo by Mike Faulkner

Using a stick lighter or long match, light your beautiful new citronella torch, sit back and relax! When you’re done, simply put out the flame with a torch snuffer and store indoors or in a covered area between uses.

How have you repurposed your old glass bottles? Tell us in the comments below. …read more

From:: HGTV

Existing-home sales rise 3.2% to 5.49 million rate in June, fastest since 2007

WASHINGTON (MarketWatch) — Sales of existing homes rose 3.2% in June to a seasonally adjusted annual rate of 5.49 million, hitting the fastest pace since February 2007, the National Association of Realtors reported Wednesday. A limited inventory of homes available for sale supported prices, with June’s median sales price of $236,400 setting a record high. Some buyers may be rushing to lock in mortgage rates before they rise further, according to NAR. There’s also a “solid foundation” for more home sales, given healthy jobs growth, said Lawrence Yun, NAR’s chief economist. Economists polled by MarketWatch had expected a June rate of 5.42 million, compared with an originally reported May rate of 5.35 million. On Wednesday NAR revised May’s pace to 5.32 million.

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.

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From:: Stock Market News