Sam Bankman-Fried, crypto billionaire and chief executive at digital asset exchange FTX, could see his net worth shrink by more than $13.6 billion if Binance’s proposed acquisition of FTX is Read more
Tag: drop
Homebuilder Persimmon’s shares hit by sales drop, warning over ‘deteriorating’ economic outlook
Stock in giant U.K. homebuilder Persimmon tumbled on Tuesday after the FTSE 100 company posted a drop in sales, scrapped its dividend and gave a grim outlook for next year’s Read more
Activist groups urge advertisers to pause Twitter buys after Elon Musk blames them for ‘massive drop in revenue’
As Elon Musk laid off thousands of Twitter Inc. employees Friday, more than 60 civil-rights and civil-society groups urged companies to stop advertising on the social media platform. The purchase Read more
Wheat futures drop on reports Russia to rejoin grain deal
Wheat futures fell sharply early Wednesday after news reports said Russia announced it would rejoin a deal allowing grain exports out of Ukraine. Wheat futures had jumped after Russia pulled Read more
XPeng stock bounces off record low despite drop in deliveries, other China-based EVs also surge
Shares of China-based electrical vehicle makers shot higher Tuesday after October deliveries were reported, but glimmers of hope that China will relax the zero-COVID policy that has slowed the country’s Read more
Republican and Democratic parents ‘deeply polarized’ over K-12 school subjects ahead of midterm elections and mortgage applications drop after rates top 7%, the highest since 2001
Hi, MarketWatchers. Don’t miss these top stories. An increase in Social Security can only do so much — new thinking is needed for older adults in the modern workforce For Read more
Mortgage applications drop after rates top 7%, the highest since 2001
The numbers: Mortgage applications fell 1.7% this week, as higher mortgage rates continue to depress buyer demand, dragging down the housing sector. Applications continue to trend at the lowest level Read more
China new-home prices drop by most in more than seven years
New-home prices in China suffered their steepest decline in more than seven years in September, even as the government rolled out more policies to boost the embattled property sector and Read more
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth Read more
Jobless claims drop to three-week low of 214,000 as Hurricane Ian effects fade
The numbers: The number of people who applied for unemployment benefits fell by 12,000 in mid-October to a three-week low of 214,000, as more people who couldn’t work after Hurricane Read more