US Existing-Home Sales Highest Since February 2007
WASHINGTON—Homebuying activity rose in October for the second straight month to a new cyclical high, a sign the housing market is stabilizing as the year comes to a close. Sales of previously owned homes rose 2.0% from September to a seasonally adjusted annual rate of 5.60 million, the National Association of Realtors said Tuesday. That is the...>> view originalDow Tops 19000 for First Time
The Dow Jones Industrial Average breached 19000 for the first time early Tuesday, a day after major U.S. stock indexes hit records. It’s been a fast surge for the blue-chip index, which closed below 18000 less than three weeks ago. Since then, a stocks rally following the U.S. presidential election disparately benefited industrial companies and...>> view originalHere's what it's really like to work retail on Black Friday
We asked a former Best Buy sales associate, who worked five Black Fridays until 2013, to describe her experience.Yana Paskova/Getty"Black Friday" is no term of endearment, especially for the people who have to work in retail that day. From retailers' perspectives, being "in the black" is a good thing — it means profits. For many of them, Black Friday is the biggest sales day of the year. But the name has darker origins. As Time reports, newspapers in the 1960s reappropriated the term Black Fri..>> view originalDollar Tree Gives Upbeat Guidance
Dollar Tree Inc. provided upbeat top- and bottom-line guidance for the current quarter, and same-store sales fared better than expected in the latest period. Shares, down 14% over the past three months, shot up 8.7% premarket to $89.11. The company estimates sales for the fourth quarter in the range of $5.59 billion to $5.69 billion, based on low single-digit increases in same-store sales for the Dollar Tree and Family...>> view originalEnergy Transfer and the Art of Transference
When the Energy Transfer family of companies announces a deal, it pays to look at the details -- from a philosophical point of view, anyway. Because, if you are a limited partner in the web of companies run by Kelcy Warren, your lack of ability to affect the outcome means, details or no, you'll have to live with the consequences.The latest one, whereby Sunoco Logistics Partners LP will buy Energy Transfer Partners LP for about $21 billion, is Warren's biggest since Energy Transfer Equity LP's i..>> view originalBrexit has already cost British people £1.2 trillion in lost wealth
A racegoer wearing a union flag inspired outfit arrives for Ladies' Day at the Royal Ascot horse racing festival at Ascot, southern England. Reuters Voting to leave the European Union cost the UK around $1.5 trillion (£1.2 trillion) in wealth, and robbed 400,000 people of their status as dollar millionaires, according to the latest Global Wealth Report from the Credit Suisse Research Institute. The annual Global Wealth Report — which tracks the distribution of weal..>> view originalSurprise! Warren Buffett turns out to be more prescient about stocks than politics
As many millions of people have been reminded recently, Warren Buffett, CEO of Berkshire Hathaway, doesn’t always call them right. He predicted two years ago that Hillary Clinton would both run for the presidency and win, and he never lost faith in that prospect until Election Night. On this day two weeks later, nonetheless, it is the right time to look at a widely-noted stock market prediction that Buffett made 17 years ago, in 1999, and that is just reaching its terminal point. Here, Buffett ..>> view originalWhat Will Trump Trade Policy Actually Look Like? Three Possibilities
Here’s what those possibilities look like, from the most benign to the most disruptive.Scenario 1: The assertive stance, within existing institutionsThere really are some elements of the United States’ existing relationships with major trading partners that are dysfunctional and disadvantageous to the United States. By taking more aggressive stands on some of them, a Trump administration may be able to get better deals. Mr. Trump has said repeatedly that he wants to renegotiate the North Americ..>> view originalThe secretive brain trust of Silicon Valley insiders who are helping Trump
Paypal co-founder Peter Thiel speaks at the Republican National Convention in Cleveland, Ohio earlier this year (Photo by Jonathan Ernst/Reuters) Billionaire tech investor Peter Thiel is putting together a brain trust of Silicon Valley insiders to share ideas with the transition team for President-elect Donald Trump. But he’s having trouble finding takers. In recent days, the Facebook board member and PayPal cofounder - who is also a member of the Trump transition - has been appealing to fel..>> view originalCNN anchor: Donald Trump should denounce alt-right by name
Story highlightsJohn Phillips dismissed the alt-right as "kooks"Chris Cuomo said denouncing the group is part of Trump being a leader"It's about being a leader," Cuomo said on "New Day" Tuesday. "You denounce things that are wrong. That's what leaders do."He was responding to CNN political commentator John Phillips, who supported how Trump denounced "racism of any kind" after an alt-right leader urged people at a Trump victory gathering to "hail Trump" and "hail our people!" Trump did not, howev..>> view original
Friday, December 9, 2016
US Existing-Home Sales Highest Since February 2007 and other top stories.
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