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☆ U.S. existing home sales plunge; tight inventory keeps prices rising
  + stars: | 2022-11-18 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +5 min
"The combination of rising house prices and mortgage rates have sent housing affordability plummeting," said Daniel Vielhaber, an economist at Nationwide in Columbus, Ohio. The 30-year fixed mortgage rate breached 7% in October for the first time since 2002, according to data from mortgage finance agency Freddie Mac. "A deteriorating housing market, nagging inflation and an aggressive Fed puts the economy on unsure footing for 2023." Even as demand weakens, housing supply remains tight, limiting the slowdown in house price inflation. The median existing house price increased 6.6% from a year earlier to $379,100 in October.
☆ Top 25 roundup: Michigan State nips No. 4 Kentucky in 2 OTs
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +6 min
Sahvir Wheeler added 16 points, Cason Wallace scored 14 and Jacob Toppin provided 10 for the Wildcats (2-1). Jeremy Roach added 16 points while playing the full 40 minutes, but he hit only 6 of 17 field-goal attempts. Dayton was led by Kobe Elvis, who had 16 points and seven rebounds, while Mike Sharavjamts finished with 14 points. It was the Huskies' first triple-double since Daniel Hamilton totaled 11 points, 11 rebounds and 11 assists against Central Connecticut State on Dec. 23, 2015. Armoni Foster and Kidtrell scored 11 points apiece for the Bulls (1-2).
☆ Here's why it may take a while for housing inflation to cool off
  + stars: | 2022-11-14 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +2 min
Allison Dinner | Getty ImagesThere are signs inflation may fall further in coming months, but housing threatens to mute any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in October from a year ago. That may seem counterintuitive at a time when many observers have said the U.S. is in a "housing recession." The shelter category is up 6.9% in the last year. The rental and housing markets are coolingBusà Photography | Moment | Getty ImagesWhy shelter prices lag
☆ U.S. consumer sentiment slumps; inflation expectations edge up
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +2 min
The University of Michigan's preliminary November reading on the overall index on consumer sentiment came in at 54.7, down from 59.9 in the prior month. The survey's reading of one-year inflation expectations edged up to 5.1% from 5.0% in October. Data on Thursday showed consumer prices rose less than expected in October, pushing the annual increase below 8% for the first time in eight months. While that is consistent with a shift in spending to services from goods, some economists do not expect a collapse in consumer spending. "The correlation between changes in monthly consumer sentiment and real consumer spending is low, especially for this measure and especially in the short run," said Scott Hoyt, a senior economist at Moody's Analytics in West Chester, Pennsylvania.
☆ Services sector boosts U.S. private payrolls in October
  + stars: | 2022-11-02 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +4 min
The pick-up in private hiring shown in the ADP National Employment report on Wednesday was concentrated in the services sector, specifically the leisure and hospitality industry. "A tight labor market and rising wages will complicate things for the Fed and the risk is the labor market could remain tight for quite some time," said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina. Economists polled by Reuters had forecast an increase of 195,000 private jobs. According to a Reuters survey of economists, private payrolls likely rose by 200,000 jobs last month after rising by 288,000 in September. With no job gains expected in the government sector, overall nonfarm payrolls are also forecast to have increased by 200,000.
☆ Inflation worries hurt U.S. consumer confidence; house prices decelerating
  + stars: | 2022-10-25 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
The Conference Board's consumer confidence index fell to 102.5 this month from 107.8 in September. Consumers were also more inclined to buy a house, probably encouraged by a sharp slowdown in house price inflation. On a monthly basis, prices fell 0.9% in August, the second straight monthly drop. Prices fell 0.7% on a monthly basis after decreasing 0.6% in July. It was the first time since March 2011 that monthly prices posted back-to-back declines.
☆ Stephen Roach on Pres. Xi's iron grip and rapidly-rising power
  + stars: | 2022-10-24 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStephen Roach on Pres. Xi's iron grip and rapidly-rising powerYale's Stephen Roach on whether China is investable right now. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Dan Nathan, Karen Finerman and Jeff Mills.
☆ I give Salem witch trial tours at Halloween. It's definitely 18+ content, but I try to humanize the victims.
  + stars: | 2022-10-12 | by ( Ann Matica | ) www.businessinsider.com   time to read: +7 min
She gives historically accurate Salem Witch Trial walking tours that are two hours long. I first got a job doing tours at the Witch House, which is the only remaining structure you can visit in Salem with any ties to the Salem witch trials. I've been studying the Salem witch trials on my own since I was 15, and I came to Salem for the first time at that age. I picked up a book by Marilynne K. Roach, which is like the definitive book on the Salem witch trials, and I got into learning about it from there. I have 12 stops on my tour, including the Salem Witch Trial Memorial, which is where we end our tours.
☆ Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong
  + stars: | 2022-10-07 | by ( Jeff Cox | ) www.cnbc.com   time to read: +3 min
The unemployment rate was 3.5% versus the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. "Obviously, the market is not happy, but the market is not happy in general these days." "This puts the nail in the coffin for another 75 [basis point rate increase] in November," said Jeffrey Roach, chief economist at LPL Financial. A basis point is 0.01 percentage point. Hiring at the state and local level is highly seasonal, so the decline points to a report that otherwise was largely in line with expectations and shows a resilient jobs market.
☆ September job gains affirm that the Fed has a long way to go in inflation fight
  + stars: | 2022-10-07 | by ( Jeff Cox | ) www.cnbc.com   time to read: +7 min
But a surprising drop in the unemployment rate and another boost in worker wages sent a clear message to markets that more giant interest rate hikes are on the way. Everybody who seems to want a job is getting a job," said Ron Hetrick, senior economist at labor force data provider Lightcast. "But we've been getting into a situation where our low unemployment rate has absolutely been a significant driver of our inflation." A series of central bank rate increases has been aimed at reducing demand and thus loosening up a labor market where there are still 1.7 open jobs for every available worker. It all makes the inflation fight look ongoing, even with a slowdown in payroll growth.
☆ Even more aggressive rate hike by the Federal Reserve is needed
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEven more aggressive rate hike by the Federal Reserve is neededStephen Roach, Former Morgan Stanley Asia Chairman and a Senior Fellow at Yale University's Paul Tsai Center China Center, joins Worldwide Exchange to discuss the Federal Reserve's third consecutive 75 basis point rate hike and his predictions for a potential recession in 2023.
☆ Meet Japan's cyborg cockroach, coming to disaster area near you
  + stars: | 2022-09-21 | by ( Rocky Swift Tom Bateman | Rocky Swift | Tom Bateman | ) www.reuters.com   time to read: +3 min
The work builds upon previous insect-control experiments at Nanyang Technological University in Singapore and could one day result in cyborg insects that can enter hazardous areas much more efficiently than robots. Even when the backpack and film are glued to their backs, the bugs can traverse small obstacles or right themselves when flipped over. Kakei said he constructed the cyborg backpack with 5,000 yen ($35) worth of parts purchased at Tokyo's famed Akihabara electronics district. The backpack and film can be removed, allowing the roaches to go back to life in the lab's terrarium. Beyond disaster rescue bugs, Fukuda sees broad applications for the solar cell film, composed of microscopic layers of plastic, silver, and gold.
☆ How much ‘pain’ is the Fed willing to inflict? Wednesday’s rate hike will offer clues
  + stars: | 2022-09-21 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +6 min
Federal Reserve Chairman Jerome Powell has acknowledged the economic pain this rapid tightening regime may cause. A larger hike is possible, but unlikelySome economists even expect the Fed to implement a massive — and historic — full-point rate hike on Wednesday. It meant that people understood the seriousness of the Fed’s commitment to getting inflation rates back down to 2%, he said. They want higher bond yields,” former New York Federal Reserve President Bill Dudley told CNN back in May. The Federal Reserve announces its rate hike decision Wednesday at 2 p.m.
☆ S-au aflat regulile pentru meciul dintre Mike Tyson şi Roy Jones Jr.
  + stars: | 2020-11-26 | by ( ) www.jurnal.md   time to read: +1 min
Lupta dintre Mike Tyson şi Roy Jones Jr. va avea 8 runde, a câte 2 minute. Pentru meciul de “expoziţie” dintre cele două legende ale boxului, Tyson (54 de ani) şi Jones Jr (51 de ani), regulile au fost stabilite. Meciul va avea 8 runde cu fiecare de câte 2 minute. Dar dacă Tyson nu îl prinde, o să fie o luptă urâtă.”Freddie Roach: “Cred că Mike îl va bate pe Roy. Dar nu mă va surprinde dacă Jones Jr scoate ceva - la fel cum a făcut mereu în cariera lui.”
Persons: Mike Tyson, Roy Jones, Tyson, Jones, Freddie Roach, Mike, Roy ., Roy, Virgil Hill, Jeff, Oscar
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