The past year may have been a wild ride for potential homebuyers, but reports indicate that the housing market in 2022 could be even more competitive. New listings are currently at a record low, according to Redfin and Zillow. In fact, at the end of 2021, there were 19.5% fewer homes listed than at the
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AT&T: “Let me tell you how I feel about AT&T: I don’t hate it anymore.” GrowGeneration: “Very, very rarely do I ever say this. It’s a stock whose time has come and went. They bought a lot of companies. They did a roll up, and then they did one roll up too many, and then
In this article ISRG CSX SLB NFLX PTON PPG Check out the companies making headlines before the bell: Schlumberger (SLB) – The oilfield services company’s stock rose 1% in the premarket after it beat top and bottom-line estimates for the fourth quarter. Schlumberger earned an adjusted 41 cents per share, 2 cents above estimates, as
In this article JPM GS Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Bonus season has arrived on Wall Street, and the bankers who produced record revenue last year
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Some House Democrats have threatened to block Build Back Better legislation if the broken-up package drops relief for the $10,000 limit on the
Stocks and bonds are core investments. Now, Vanguard is suggesting that retirees willing and able to bear the risk may want a stock target of 50 percent. The stock market can provide eye-popping term returns but can also be counted on to produce big losses. High-quality bonds, on the other hand, typically generate modest returns
CNBC’s Jim Cramer said Friday that technical analysis of Wall Street’s so-called fear gauge indicates the S&P 500 faces a challenging outlook in the near term. “The charts, as interpreted by Mark Sebastian, suggest that the S&P 500 could remain in the house of pain through early February,” the “Mad Money” host said. However, Cramer
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates. On net, U.S. banks shuttered 2,927 branches last year, according to S&P Global Market
In this article MSTR MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Shares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission reportedly rejected the company’s
Anchiy | E+ | Getty Images For investors whose retirement is decades away, the stock market’s pullback should be of little concern — there’s plenty of time for your portfolio to recover before you need the money. Yet if you are a new retiree or on the verge of retiring, it’s worth considering what a
In this article ABNB Airbnb co-founder and CEO Brian Chesky told CNBC on Friday that a post-Covid pandemic future of flexible living and working arrangements will be a boon to the company. Chesky, who is on a nationwide tour of Airbnb stays in an effort to “improve the experience” for customers, said he expects sustained
The national network of Social Security customer service offices, which were closed nearly two years ago at the start of the pandemic, is on track to reopen on March 30. The Social Security Administration and unions representing the agency’s work force agreed this week to reopen more than 1,200 offices, contingent on changes in pandemic
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In this article NKE Nike executive Larry Miller, who kept his past secret for more than 50 years, told CNBC that he’s thankful the family of a man he killed in 1965 when he was a teenager forgives him. Miller, former president and current chairman of Nike’s Jordan brand, was convicted of shooting and killing
In this article DIS PTON NFLX INTC Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day since July 2012. The steep sell-off came after Netflix admitted that streaming competition
In this article NFLX CNBC’s Jim Cramer said Friday investors should remain calm about the overall stock market despite Netflix‘s worst single-day decline in years, which was wiping out gains back to April 2020. Netflix, at its lows of the day, was down more than 25% to roughly $380 per share, following slowing subscriber growth
U.S. President Joe Biden delivers remarks alongside Intel CEO Patrick Gelsinger (L) and Commerce Secretary Gina Raimondo as he speaks about the ongoing supply chain problems in the South Court Auditorium of the Eisenhower Executive Office Building on January 21, 2022 in Washington, DC. Chip Somodevilla | Getty Images Some federal employees just got a
In this article BKI jayk7 | Moment | Getty Images The number of borrowers who could benefit from a mortgage refinance just dropped dramatically thanks to fast-rising interest rates. The average rate on the 30-year fixed loan has jumped more than 50 basis points since the start of this year, cutting the number of refinance
Filing your taxes for the first time can be intimidating. There’s a good chance you’ve heard people complain about having to file their taxes in the past, so it’s normal to be feeling a little apprehensive. But don’t stress! Filing taxes for the first time isn’t nearly as complicated as you might think. Most first-time
In this article ULVR-GB UBER MSFT AMZN The COP26 climate summit, held in the Scottish city of Glasgow last year, made headlines around the world. After days of painstaking and at times fraught negotiations, countries agreed upon a deal which sought to build on 2015′s Paris Agreement and curb the worst effects of climate change.