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Topline New home sales unexpectedly surged much more than economists projected in August even though same-day data showed prices collapsing due to a dearth in demand—fueling volatility that some experts argue could signal the housing market slowdown could hike up the odds of a recession. Key Facts About 685,000 new single-family houses were sold last
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Markets briefly flashed green on Sept. 27 as equities markets bounced back from Sept. 26’s pullback, bringing the Bitcoin (BTC) price back to the long-term descending trendline resistance, which currently resides at $20,100.  Unfortunately for bulls, the positive momentum for stocks and cryptocurrencies rapidly eroded and Bitcoin price gave up a majority of the intraday
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Indian stocks and the rupee have surged this month, we discuss why and what lies ahead. IShares MSCI India ETF: https://www.zacks.com/funds/etf/INDA/profile?cid=CS-YOUTUBE-FT-VID WisdomTree India Earnings Fund: https://www.zacks.com/funds/etf/EPI/profile?cid=CS-YOUTUBE-FT-VID IShares MSCI India Small-Cap ETF: https://www.zacks.com/funds/etf/SMIN/profile?cid=CS-YOUTUBE-FT-VID Infosys Limited: https://www.zacks.com/stock/quote/INFY?cid=CS-YOUTUBE-FT-VID Container Store: https://www.zacks.com/stock/quote/TCS?cid=CS-YOUTUBE-FT-VID ICICI Bank Limited: https://www.zacks.com/stock/quote/IBN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on
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Municipal yields climbed again Monday amid elevated secondary selling pressure following a major U.S. Treasury selloff while equities also ended in the red as global bond market uncertainties rattle all markets. Triple-A municipal yields rose as much as 18 basis points on the short end, with the one-year just below or above 3%, further flattening
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Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate. About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the
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Walmart has entered the metaverse with the launch of Walmart Land and Walmart’s Universe of Play on Roblox. The metaverse gaming platform has 52.2 million daily active users and 11.3 billion engagement hours. “Our customers are spending loads of time there,” said a Walmart executive. Walmart Entering the Metaverse U.S. retail giant Walmart announced Monday
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The Puerto Rico Electric Power Authority mediation team called for simultaneous mediation, litigation and plan of adjustment creation. In response to Judge Laura Taylor Swain’s request for input, the mediators Shelley Chapman, Robert Drain and Brendan Shannon filed two documents with their proposals Thursday. Swain ordered mediation in the PREPA bankruptcy in late March to
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Walk the walk, not talk the talk on fighting climate change and supporting environmental, social and governance goals, New York City Comptroller Brad Lander told BlackRock CEO Larry Fink on Thursday. Voicing concern that BlackRock Inc.’s investment actions don’t match up with its ESG policy commitments, Lander sent a letter to the company requesting immediate
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