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☆ Comcast beats expectations even as broadband growth slows, Peacock racks up losses
▼ + stars: | 2023-01-26 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Comcast on Thursday reported fourth quarter earnings that topped analyst expectations despite persistent softness in broadband subscriber growth and mounting losses from its streaming service, Peacock. The company's top-line growth was fueled by higher revenue from its broadband and wireless businesses, as well as its theme parks segment. Here's how Comcast performed, compared to estimates from analysts surveyed by Refinitiv:Earnings per share : 82 cents, adjusted, vs. 77 cents expected: 82 cents, adjusted, vs. 77 cents expected Revenue: $30.55 billion vs. $30.32 billion expected. Yet even that number was a sign that cable broadband subscriber growth has slowed – especially compared to the early days of the pandemic. Still, Comcast's broadband subscriber base has remained stable and revenue for the segment increased nearly 6% during the quarter due in part to price hikes.

☆ Elon Musk is mulling over ways to whittle down some of his Twitter debt
▼ + stars: | 2023-01-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

And speaking of cold hard reality, the Wall Street Journal reported that Elon Musk is trying to raise fresh funds to pay off some of the pricier bits of his $13 billion Twitter loan. New fundraising to the tune of $3 billion could help Musk repay the obligations he took on in his Twitter takeover. For every quarter that goes by without refinancing, the interest rate goes up by an additional 0.50 percentage point, regulatory filings show. That said, if Twitter can pay back those unsecured bridge loans, meeting its debt obligations would be much more manageable. What are some ways you think Elon Musk could boost revenue at Twitter?

☆ U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom
▼ + stars: | 2023-01-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. The growth rate was slightly slower than the 3.2% pace in the third quarter. Stock market futures rose following the report while Treasury yields were mostly higher as well. Despite the fairly strong economic data, most economists think a recession is a strong possibility this year. Corporate profit reports from the fourth quarter also are signaling a potential earnings recession.

☆ Florida man and Insider global editor-in-chief Nich Carlson wondered what the heck was going on in his home state. Sunshine State readers unloaded on him.
▼ + stars: | 2023-01-25 | by ( Jacob Zinkula | Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

They expressed polarizing opinions about the state's housing, taxes, weather, politics, and more. Rising housing costs and traffic, for instance, drew almost universal disdain, while opinions on the state's weather, politics, taxes, and overall cost of living were mixed and highly polarized. Insider's Global Editor-in-Chief Nicholas Carlson (left), who grew up in Tampa, at a Tampa Bay Buccaneers game in January 2022. The state's politics are unsurprisingly divisiveFlorida Governor Ron DeSantis at a press conference after Hurricane Ian passed through the Cape Coral area. Joe Raedle/Getty ImagesSome Floridians love the state's politics, some aren't fans, and some don't care all that much.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ U.S. existing home sales lowest since 2010; price growth slows
▼ + stars: | 2023-01-20 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

Existing home sales fell 1.5% to a seasonally adjusted annual rate of 4.02 million units last month, the lowest level since November 2010, the National Association of Realtors said on Friday. Economists polled by Reuters had forecast home sales falling to a rate of 3.96 million units. Home resales, which account for a big chunk of U.S. housing sales, tumbled 34.0% on a year-on-year basis in December. But the worst of housing market rout is probably behind. The 30-year fixed mortgage rate retreated to an average 6.15% this week, the lowest level since mid-September, according to data from mortgage finance agency Freddie Mac.

☆ Morning Bid: Turbulence
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

Traders took Wednesday's weak U.S. production, retail sales and producer price data badly, selling risk assets and buying safer ones. Bond markets shrugged off hawkish rhetoric from non-voting Fed officials Bullard and Mester to rally. Fed voters Lael Brainard and John Williams might get more of markets' attention at events later in the day. Elsewhere, the dust is settling quickly on the Bank of Japan's decision not to bend to speculators' attack on its yield curve control policy. The yen has bounced back to where it was before the meeting and the Nikkei (.N225) slipped, though calm in Japan's bond market might suggest short sellers are having a breather before re-loading for meetings in March and April.

☆ Corporate profit reports in the week ahead could show whether there's an 'earnings recession'
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors in the week ahead will focus on how much inflation and the slowing economy have chiseled away at corporate profits, as companies including Goldman Sachs , Netflix and Procter & Gamble report earnings. "This is going to be the start of the clock ticking on an earnings recession," said Amanda Agati, chief investment officer of PNC Asset Management Group. Economic recession talk heats up "There's never been a recession without an earnings recession since World War II," Agati said. Art Hogan, chief market strategist at B. Riley Financial, said this coming earnings week could be an important step towards assessing the health of corporate balance sheets. Week ahead calendar Monday Martin Luther King Jr. Day Markets closed Tuesday Earnings: Goldman Sachs , Morgan Stanley , Citizens Financial, United Airlines, Interactive Brokers 8:30 a.m.

Historically Black colleges and universities have been embroiled in a student housing crisis for decades. Fisk is believed to be the second U.S. higher education institution to utilize shipping containers for student housing after the College of Idaho implemented dorm-style containers in 2020. “The enrollment is growing so fast, and the shipping containers provide some sustainable flexibility. They all wanted to live in these shipping containers,” Frederiksen said. Meanwhile, other projects like the HBCU Healthy Housing (H3) Initiative from the Virginia-based advocacy group Student Housing of America are partnering with universities to build additional housing.

☆ Here’s what to expect in the housing market this year
▼ + stars: | 2023-01-05 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Last year was a wild ride in the US housing market. So what’s in store for the housing market this year? “Mortgage rates are really critical to the path of the housing market in the year ahead,” said Jeff Tucker, senior economist at Zillow. “Yes, things have cooled way down in the housing market, but we don’t have a glut of homes for sale,” said Tucker. A plain, boring, vanilla year in the housing market would be a wonderful surprise.”

☆ In 2022, jobs and housing saved the economy. What about in 2023?
▼ + stars: | 2022-12-29 | by ( Wilbur John Coleman | Wilbur John Coleman Is A Professor Of Economics At The Fuqua School Of Business At Duke University. | ) www.nbcnews.com time to read: +4 min

The housing market also didn’t suffer the blows it might have. While the strong start the housing market enjoyed out of the gate in 2022 has come to an end, work from home seems here to stay. The consequence will be a permanent rise in the demand for housing that will keep housing prices strong for some time. Without this new demand, the rise in interest rates could have led to a housing crash in 2022 instead of a mere slowdown. With intelligent management of the economy (yeah, a big if), we should continue to see the fruits of these changes throughout 2023.

☆ U.S. housing market faces tough winter as 2022 comes to a close
▼ + stars: | 2022-12-29 | by ( Diana Olick | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. housing market faces tough winter as 2022 comes to a closeCNBC's Diana Olick joins 'Squawk Box' to report on the housing market, which is ending 2022 on a low note.

☆ The 5 biggest market losers in 2022: Elon Musk and Sam Bankman-Fried lead turbulent year
▼ + stars: | 2022-12-29 | by ( Brian Evans | ) www.businessinsider.com time to read: +4 min

Elon Musk saw a massive chunk of his wealth disappear in 2022, while Sam Bankman-Fried faces federal fraud charges. But other sectors of the market suffered major setbacks amid a turbulent year, such as housing. Here are the five biggest market losers of 2022. But other sectors of the market suffered major setbacks amid a turbulent macro environment that included red-hot inflation, 425 basis points in Fed rate hikes, and Russia's war on Ukraine. Here's a list of the five biggest market losers in 2022.

☆ Double-digit U.S. home price growth streak skids to an end
▼ + stars: | 2022-12-27 | by ( Dan Burns | ) www.reuters.com time to read: +4 min

The S&P CoreLogic Case Shiller national home price index increased by 9.2% in October, down from 10.7% in September and notching the first single-digit gain since November 2020. On a month-over-month basis, S&P Case Shiller's index fell for a fourth straight month, while FHFA's gauge was unchanged. The housing market has suffered the most visible effects of aggressive Fed interest rate hikes that are aimed at curbing high inflation by undercutting demand in the economy. Unlike then, the supply of homes on the market remains extraordinarily limited and should keep a floor under house prices. "As the Fed tightens financial conditions, the housing market will likely slow further in the coming year," LPL Financial Chief Economist Jeffrey Roach said.

☆ Economy Week Ahead: U.S. Housing Market in Focus
▼ + stars: | 2022-12-26 | by ( Bryan Mena | ) www.wsj.com time to read: 1 min

Higher mortgage rates this year have cooled the housing market sharply, keeping many buyers on the sidelines. MondayU.S. stock and bond markets are closed in observance of Christmas Day, which falls on Sunday, Dec. 25. TuesdayS&P Global releases its S&P CoreLogic Case-Shiller National Home Price Index for October. The index showed that U.S. home prices fell 1% in September from August, marking the first time prices declined for three straight months in nearly four years.

☆ A real estate investor and wholesaler who profited over $500,000 in 2021 shares 4 pieces of investing advice for 2023, including what not to do: 'Stay away from flipping'
▼ + stars: | 2022-12-24 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Ludomir Wanot, who is financially independent thanks to real estate, gave his top advice for 2023. For the next four years, Wanot continued investing in and learning the ins and outs of real estate while working full-time at Amazon. He discovered first-hand just how lucrative real estate wholesaling could be: On his first wholesale deal, he profited $160,000. You need a solid financial foundation before you invest in real estate. You can read more about how seller financing works and how you can find these types of deals here.

☆ Wall St Week Ahead Investors look for 'Santa Rally' after grim year in U.S. stocks
▼ + stars: | 2022-12-23 | by ( David Randall | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 23 (Reuters) - Bruised investors are hoping a so-called Santa Claus rally can soften the pain of a tough year in U.S. stocks and potentially brighten the outlook for 2023. Friday is this year's start date for this rally named after Santa Claus - if it happens. The phenomenon has lifted the S&P 500 an average of 1.3% since 1969, according to the Stock Trader's Almanac. A December without a Santa rally has been followed by a weaker-than-average year, data from LPL Financial going back to 1950 showed. "The lack of a 'Santa Claus rally' this month, with a 'lump of coal selloff' in its place, is a troubling sign about 2023 US equity returns," strategists at DataTrek wrote.

☆ U.S. housing starts declined 0.5% in November vs. 1.8% estimate
▼ + stars: | 2022-12-20 | 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 EmailU.S. housing starts declined 0.5% in November vs. 1.8% estimateCNBC's Rick Santelli, Steve Liesman and Diana Olick join 'Squawk Box' to break down November's housing starts and permit data.

☆ U.S. home builder sentiment dives again in December, NAHB says
▼ + stars: | 2022-12-19 | by ( Dan Burns | ) www.reuters.com time to read: +4 min

Moreover, the unbroken string of declines since last December is the longest in a series that dates to the mid-1980s. The housing market has seen the most pronounced effects so far of the aggressive Federal Reserve interest rate hikes that are aimed at quashing inflation that continues to hold at unacceptably high levels. Reuters GraphicsSince March, the U.S. central bank has lifted its benchmark policy rate from near zero to a range of 4.25%-4.50%. NAHB said nearly two-thirds of builders were offering incentives, including mortgage rate buydowns, paying points for buyers and price reductions. Reuters GraphicsMore key housing market data is due this week.

☆ Jim Cramer says to trust Jerome Powell's 'winning hand' against inflation
▼ + stars: | 2022-12-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday brought back his mantra from earlier in the year, when the Federal Reserve was still ramping up its aggressive interest rate hike campaign: Trust Chair Jerome Powell to get the job done. "He's one of the best central bankers in the world and he's got a winning hand. Stocks slipped on Monday, continuing last week's losses spurred by recession fears. 2022 has very little in common with 2008," he said, adding, "The consumer's flush and can handle higher interest rates, even much higher ones. "The sooner we get inflation under control, the less pain we'll need to experience over the long haul," he said.

☆ Housing slump to continue but some hopeful signs ahead
▼ + stars: | 2022-12-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

While that’s already had a negative impact on the housing market, we’ll get more details this week about how much worse the damage has become. A long list of housing data is on tap. On Tuesday the US Census Bureau will report housing starts and building permits figures for November, followed by Friday’s release of new home sales data for the same month. Housing market was frothy, but not a bubbleOthers in the industry are cautiously optimistic as well. That all amounts to a few good reasons why the housing market could avoid a severe and prolonged slump.

☆ Take Five: Keeping the lights on
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +5 min

1/PICKING A (JAPANESE) PIVOTEven the uber-dovish Bank of Japan has not been spared from investors trying to pick central bank pivot points. France is striving to avert power cuts, and Germany is bleeding cash to keep the lights on. Thursday has meetings scheduled for Indonesia - where the central bank has just seen growth added to its mandate - as well as Egypt, which is in line for support from the International Monetary Fund. Expectations of a softer dollar as the U.S. economy slows have sparked optimism about emerging markets, which should also benefit from China easing COVID-19 restrictions. Emerging markets interest ratesCompiled by Karin Strohecker, Graphics by Sumanta Sen and Vincent Flasseur, editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Negative mood could pervade market next week as investors search for stability before the holidays
▼ + stars: | 2022-12-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Stocks were battered in the past week, as investors reacted to a hawkish message from the Federal Reserve. In the past week, stocks rallied Tuesday after the consumer price index showed a smaller-than-expected increase of 7.1% for November. "There's a lot of housing data next week," said Art Hogan, chief market strategist at B. Riley Financial. Ned Davis Research pointed out in a note this week that there has been a recent negative correlation between stocks and bonds, meaning stocks are falling and so are yields. Ned Davis expects the negative correlation to continue for the foreseeable future, and is watching the rolling one-year correlation between the S & P 500 and the 10-year Treasury yield.

☆ U.S. heading into shallow recession, no respite from rate hikes yet: Reuters poll
▼ + stars: | 2022-12-09 | by ( Indradip Ghosh | ) www.reuters.com time to read: +4 min

"Unless inflation recedes quickly, the U.S. economy still appears headed for some trouble, though possibly a little later than expected. Although the fed funds rate is expected to peak at 4.75%-5.00% early next year in line with interest rate futures, one-third of economists, 24 of 72, expected it to go higher. A large majority of economists, 35 of 48, said any recession would be short and shallow. Eight said long and shallow, while four said there won't be any recession. The U.S. unemployment rate (USUNR=ECI), which so far has stayed low, was expected to climb from the current 3.7% to 4.9% by early 2024.

☆ Dig at U.K. housing site yields major 7th century treasures
▼ + stars: | 2022-12-07 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

Experts say the necklace, uncovered with other items near Northampton in central England, is part of the most significant early medieval burial of a woman ever found in the U.K. But scientists say her long-buried trove will shed new light on life in 7th century England, a time when Christianity was battling with paganism for people’s allegiance. On one of the last days of the 10-week dig, site supervisor Levente-Bence Balázs noticed something glinting in the dirt. It is adorned with tiny, astonishingly well-preserved likenesses of human heads with blue glass eyes, who may represent Christ’s apostles. Once archaeologists have finished their work, the plan is for the items to be displayed in a local museum.

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