New home sales plunge to a two year low following hurricanes in the South

New-home sales plunge to a two-year low following hurricanes in the South

Sales of newly built homes plunged in October, the Commerce Department said on Tuesday.

Business - MarketWatch - 17 hours ago

First-time home buyers’ share of home sales hits 43-year low, real-estate group says

It has never been this challenging to be a first-time home buyer.

Business - MarketWatch - November 5

New-home construction falls to three-month low as high rates and hurricanes impact builders

Construction on new U.S. homes fell 3.1% in October, the Commerce Department said Tuesday.

Business - MarketWatch - November 19

Existing-home sales rise in October but are expected to remain sluggish for the time being

Existing-home sales rose to a rate of 3.96 million in October, the National Association of Realtors said.

Business - MarketWatch - 5 days ago

Home Depot Says Hurricane Demand Slows Sales Slump

Strom damage across the Southeast accounted for higher sales to contractors, and the chain also forecast stronger results as mortgage rates drop.

Business - Inc. - November 12

Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year

Lowe's topped quarterly earnings and revenue estimates, but even its raised sales outlook would be a decline from last year.

Business - CNBC - November 19

Trade war worries drive euro to two-year low

Single currency has been a victim of a market shift to anticipate Trump’s tariff policies

World - Financial Times - 4 days ago

Target shares plunge 21% after discounter cuts forecast, posts biggest earnings miss in two years

Target missed on earnings and revenue even as it cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.

Business - CNBC - 6 days ago

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - October 30

Susan Smith up for parole 30 years after drowning her two sons in a South Carolina lake

Thirty years ago, Susan Smith rolled her car into a South Carolina lake with her 3-year-old and 14-month-old sons inside. She initially told police she was carjacked before confessing to their ...

Lilly’s Mounjaro, Zepbound drugs see strong demand. So why did sales disappoint?

Eli Lilly’s stock heads for biggest selloff in more than three years after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.

Business - MarketWatch - October 30

Estée Lauder shares plunge as China sales slump prompts dividend cut

Beauty group’s stock drops 25% after guidance withdrawn for rest of year

Business - Financial Times - October 31

Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.

Business - CNBC - November 5

Pinterest stock plunges following weak Q4 revenue guidance

Pinterest reported third-quarter earnings on Thursday that beat on the top and bottom lines.

Business - CNBC - November 7

20-year-olds borrowed $9,000 from their parents for a college startup—then launched a new business with sales of $1 million a month

Winston Alfieri and Troy Bonde were just 20 and 21 when they came up with the idea for Sauz, which is now available at retailers around the country.

Business - CNBC - Yesterday

C.J. Stroud's struggles continue as Texans fall to resurgent Jets

The Texans had an ugly night offensively while Aaron Rodgers and the Jets came alive in the second half.

Sports - Yahoo Sports - October 31

German news agency reports Chancellor Scholz had a one-hour call with Russian President Putin, first in two years

World - ABC News - November 15

‘Now was not time to leave’: Pep Guardiola pens new two-year Manchester City deal

Guardiola reveals change of heart after four defeats New contract will take him past decade as manager Pep Guardiola has signed a new two-year contract with Manchester City that will extend his ...

World - The Guardian - 5 days ago

Super Micro's 45% plunge this week wipes out stock's gains for the year

Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.

Business - CNBC - November 1

These two ‘low tax’ states are getting socked with fast-rising property taxes

Nationally, property taxes in major cities have gone up 30% since 2019, according to a new Redfin analysis.

Business - MarketWatch - October 29

How to get a low home equity loan rate this November

There are multiple ways borrowers can secure a low home equity loan interest rate this November. Here are three.

How low will home equity loan interest rates drop in November?

There are a few events in November that could help push home equity borrowing rates lower, experts say.

Fertility rate in England and Wales drops to lowest on record

Just over 591,000 babies were born in the UK last year - the lowest number in four decades

Rafael dissolves into a low pressure system in the Gulf of Mexico after hitting Cuba as a hurricane

World - Yahoo News - November 11

Cuba reels as Hurricane Rafael knocks out power grid and destroys homes

Some 50,000 people took shelter in Havana after storm made landfall as category 3 on Wednesday. Cuba has been left reeling after a fierce category 3 hurricane ripped across the island, knocking ...

World - The Guardian - November 7

BP's Profit Hits Four-Year Low on Commodity Market Weakness

BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.

Business - The Wall Street Journal - October 29

Employee Happiness Is Bouncing Back After a 4-Year Low

Employees haven’t been feeling optimistic lately, but their hopes seem to be rising in the year’s second half, according to a new report.

Business - Inc. - October 30

HMRC investigations into serious tax fraud and avoidance hit six-year low

UK revenue authority says its teams are focusing their work on the highest-impact cases

Business - Financial Times - November 10

China's biggest shopping event of the year exceeds low expectations

The Singles' Day shopping festival saw consumers spend more than expected in what's otherwise been a tepid retail environment, consulting executives said.

Business - CNBC - November 12

Rust premieres at low-key film festival three years after shooting

The movie’s star Alec Baldwin was not invited and did not attend the screening.

Sale, Crochet named comeback players of year

Left-handers Chris Sale of the Braves and Garrett Crochet of the White Sox were selected Major League Baseball's comeback players of the year on Thursday.

Sports - ESPN - November 15

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