Foreclosures | Mortgages | Financing
A warning has been issued about an email phishing scam that is targeting registrants in the Nationwide Mortgage Licensing System.
An NMLS advisory indicates that fraudulent emails which appear to be from NMLS could be an attempt to obtain personal information.
Among the personal information potentially sought from the fake emails are social security numbers, account numbers and passwords.
From:: Financing
YouTube TV, the live internet TV service from Alphabet Inc.-owned Google’s YouTube, is launching an app for TV devices. The offering, which has the reach of about 70% of U.S. households; according to a note from Jefferies analyst John Janedis, initially launched six months ago on smartphones, tablets and desktops. YouTube said that in the next few days the app will launch on Android TV devices, as well as Microsoft Corp.’s Xbox One devices. In the coming weeks, the app will be available on Apple Inc.’s Apple TV device and smart TVs, such as those from LG, Samsung and Sony. To date, the YouTube TV offering is available in the top 50 metro areas, covering two-thirds of the U.S. Shares of Alphabet are up nearly 30% in the year to date, while the S&P 500 index is up close to 15% and the Dow Jones Industrial Average is up more than 18%.
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
Mexico’s peso fell to an intraday low Monday afternoon, following reports from the Wall Street Journal that Canada’s Minister of Foreign Affairs called the U.S. proposals for the renegotiation of the North American Free Trade Agreement “troubling.” Minister Chrystia Freeland voiced her concern about the U.S. approach to Nafta arbitration panels, which allow countries to settle tariff disputes outside of national courts. She also spoke on a proposed sunset clause, which would terminate Nafta altogether unless it was renewed every five years. One dollar bought 19.2321 Mexican pesos on Monday, compared with 19.1359 late Friday in New York. Against the Canadian dollar , the greenback bought C$1.2833 versus C$1.2800 late Friday.
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
General Electric Co.’s stock shed 1.9% in active midday trade Monday, putting on track to close at a 5-year low, and suffer the second 6-session losing streak this month, in the wake of industrial conglomerate’s disappointing third-quarter results. The stock has now plunged 14.4% over the past six sessions, the worst six-session performance since it tumbled 14.7% during the six-day stretch ending June 22, 2009. The last 6-session loss streak ended Oct. 13, but the shares had lost just 6.4% during that stretch. The stock, which is headed toward the lowest close since Nov. 16, 2012, has been the worst performer among Dow Jones Industrial Average components this year, as it has dropped 35.5% while the Dow has gained 18.1%.
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
The U.S. stock market took a leg lower Monday afternoon, after a report from Bloomberg indicated that the House of Representatives is considering phasing in proposed cuts to corporate taxes over a five-year period. According to Bloomberg citing being familiar, being discussed is a “gradual phase-in for the corporate tax-rate cut that President Donald Trump and Republican leaders want — a schedule that would have the rate reach 20 percent in 2022.” The Dow Jones Industrial Average was down about 90 points, or 0.4%, at 23,344, the S&P 500 index declined 10 points, or 0.4%, at 2,570, while the Nasdaq Composite Index was trading 0.2% lower at 6,685. At least part of a recent rally in stocks has been attributed to hope for pro-business policies becoming a reality soon, including tax cuts, deregulation and increases to spending. However, better-than-expected quarterly results, particularly among the biggest technology companies, and improved economic reports, also have fostered buying appetite for assets perceived as risky, like stocks, on Wall Street.
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
Analysts at UBS on Monday lowered their earnings expectations for Tesla Inc. , saying a production miss on the Model 3 would hit the company’s margins and intensify a cash burn. The analysts expect a loss of $6.40 a share for 2017, from a loss of $5.30, and their 2018 estimate to a loss of $3.30, from a loss of $1.60. As Model 3 production ramps up “there will be a temporary working capital cash boost,” they said. “Moreover, competing EVs are coming, and a long delay could reduce (Tesla’s) market share opportunity.” The analysts predicted a third-quarter cash burn of $900 million. Tesla shares rose 0.4% and are up 51% so far this year, contrasting with gains of 15% for the S&P 500 index. The Silicon Valley car maker is scheduled to report third-quarter results after the bell Wednesday. Analysts surveyed by FactSet expect a quarterly loss of $2.28 on sales of $2.91 billion, which would reverse a gain of 71 cents a share on sales of $2.30 billion in the third quarter of 2016.
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
President Donald Trump will announce his selection to be the next Federal Reserve chair on Thursday, a White House official said Monday. Fed Gov. Jerome Powell is seen as the leading candidate for the post. The president is also considering Stanford University economist John Taylor and Fed Chairwoman Janet Yellen. Reuters reports Monday that Trump is likely to pick Powell, according to a source familiar with the matter.
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
Shares of Apple Inc. shot up 2.4% in active morning trade, to hit an all-time high in intraday trade, amid continued upbeat comments from analysts following reports of strong iPhone X demand. Volume hit 21.5 million shares about 90 minutes after the open, compared with the full-day average of about 25.5 million shares. The stock rose above Aug. 31 record close of $164, and above the Sept. 1 record intraday high of $164.94. The price gain of $3.97 added about 27 points to the Dow Jones Industrial Average’s price, which was down 17 points. UBS analyst Steven Milunovich raised his earnings outlook for for the full fiscal year has he expects increased average selling prices and improved gross margins would offset any near-term supply issues. He lifted his ASP estimate to $758 from $724, his gross margin forecast to 38.5% from 38.2% and his EPS estimate to $11.40 from $11.15. Milunovich reiterated his buy rating and $180 stock price target. The stock has now climbed 12% over the past three months, while the Dow Jones Industrial Average has gained 7.3%.
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
George Papadopoulos, a former Trump campaign aide, has pleaded guilty to lying to Federal Bureau of Investigation agents, according to court documents. Papadopoulos made false statements concerning meetings with a professor who told him about Russians having “dirt” on Hillary Clinton, according to documents unsealed on Monday.
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
J.C. Penney Co. Inc. said Monday that it has partnered with Lego, offering Lego sets in 875 of its new toy shops. J.C. Penney’s toy shops were introduced in July. J.C. Penney has added 40% more toys since launching the shops and has quadrupled the online selection, the company said. Lego prices will range from $4.99 to $69.99. Other big toys this holiday season, according to J.C. Penney, will be My Little Pony Styling Head, Hatchimals Surprise, and Pie Face Sky High! Game. J.C. Penney shares are down 5.3% in Monday trading, and down more than 65% for the last year. The S&P 500 index is up 21.3% for the period.
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