Home prices in February rose at the fastest clip since November 2022, according to national home price data released Tuesday. Prices nationwide rose 6.4% over the same month last year, the S&P CoreLogic Case-Shiller Home Price Index showed. “Following last year’s decline, U.S. home prices are at or near all-time highs,” Brian Luke, head of […]
Tag: sinks
Funeralgoers die as ferry sinks in CAR
At least 58 people have died in the Central African Republic after the overcrowded ferry carrying them capsized, say officials. Most of the 300 people on board were on their way to a funeral on Friday when the vessel sank. It happened on the Mpoko river near the capital, Bangui. Footage of the accident on […]
S&P 500 dips under 5,000, Nasdaq sinks
Stocks moved mostly lower Friday morning as Big Tech stocks continued a sell-off that sent the S&P 500 back under the 5,000 mark. The S&P 500 (^GSPC) fell about 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) slid more than 1%. The Dow Jones Industrial Average (^DJI) rose 0.4%. The S&P 500 on Thursday notched five […]
S&P 500 dips toward 5,000, Nasdaq sinks
Stocks were mixed on Friday morning following a deeper sell-off after Israel’s retaliatory strike on Iran spooked the market overnight and spurred a rush to safe havens such as gold. The Dow Jones Industrial Average (^DJI) rose 0.5%. The S&P 500 (^GSPC) fell about 0.2%, pulling the benchmark index back to its 5,000 level, while […]
Netflix stock sinks on disappointing revenue forecast, move to scrap membership metrics
Netflix (NFLX) stock slid as much as 8% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street. On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion. […]
Trump Media stock sinks after company announces plans to launch live TV streaming platform
Trump Media & Technology Group (DJT) stock fell more than 10% on Tuesday after the company announced it’s launching a new live TV streaming platform. According to a press release, Trump Media — the parent company of Donald Trump’s social media platform Truth Social — will launch the live streaming service on phones, tablets, and […]
Tesla Stock: EV Giant Could Be Less Profitable As Delivery Slump Sinks In
Tesla (TSLA) stock was handed two price target revisions Wednesday as analysts project 2024 vehicle deliveries could undercut last year’s total with profit forecasts continuing to fall ahead of first-quarter earnings. X Jefferies analyst Philippe Houchois lowered his Tesla stock price target to 165 from 185 Wednesday while Piper Sandler analyst Alexander Potter cut the […]
Cole Palmer’s treble sinks Manchester United and gives Chelsea stunning late win
Cole Palmer scored a sensational hat-trick as Chelsea struck twice in the final minutes of stoppage time to beat Manchester United 4-3 at Stamford Bridge. United were 3-2 up and seemingly home and dry when Noni Madueke was felled by Diogo Dalot in the seventh minute of added time. Palmer scored from the penalty spot […]
Dow sinks more than 400 points, yields rise to 2024 highs
Wedbush on Tuesday downgraded shares of five homebuilder stocks, citing seasonality headwinds during what it called the most “normal” year for housing trends since 2019. The firm downgraded all five stocks to Underperform from Neutral, lowering its price target on Century Communities (CCS) to $82 from $92, LGI Homes (LGIH) to $74 from $88, Meritage […]
Dow sinks nearly 400 points, yields rise to 2024 highs
US stocks opened lower on Tuesday, signaling another day in the doldrums as healthcare insurers tumbled and investors faced up the chances an interest rate cut will come later than hoped. The Dow Jones Industrial Average (^DJI) slipped almost 1%, or over nearly 400 points, setting the blue-chip index back from a bid to reach […]
Bitcoin Sinks on Ebbing Fed Rate-Cut Bets and Cooling ETF Demand
(Bloomberg) — Bitcoin sank amid cooling demand for dedicated US exchange-traded funds and ebbing bets on looser Federal Reserve monetary policy. Most Read from Bloomberg The digital asset fell as much as 5.3% before paring some of the drop to change hands at $66,735 as of 1:10 p.m. Tuesday in Singapore. Tokens earlier favored by […]
Seattle houseboat sinks, leaking diesel fuel into Lake Union
A houseboat sank on Lake Union Saturday afternoon, spilling an estimated 30-50 gallons of diesel fuel in the lake according to the Washington State Department of Ecology. There was no one in the home at the time of the incident. To contain the spill the City of Seattle, WSDOE and a salvage company put booms […]