Markets

US Home Prices Surpass Pre-Recession Peak Amid Healthy Sales

US Home Prices Surpass Pre-Recession Peak Amid Healthy Sales

Among the major metro markets, Seattle and Portland experienced the greatest year-over-year price increases with 11 percent and 10.9 percent spikes, respectively. National Home Price Index rose 0.1% in September on a non-seasonally-adjusted basis, missing the 0.4% forecast. Case-Shiller co-developer Robert Shiller of Yale University said many homeowners who are finally seeing the equity return to their homes will get a psychological boost from the new record in values. Read More

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Death ride theme park to re-open in Australia

Two women and two men died when rafts on the Thunder River Rapids ride at the hugely popular Dreamworld tourist attraction on the Gold Coast collided on Oct 25. Roozbeh Araghi (L), Luke Dorsett, Kate Goodchild, and Cindy Low (R) were killed in the accident. "We've kept the families through their representatives up to date about the reopening, absolutely". Read More

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Mnuchin wants U.S. to sell Fannie Mae, Freddie Mac stakes

Together, Fannie and Freddie own or guarantee some 60 percent of all USA home loans. The federal government has controlled both Fannie and Freddie since 2008 and the U.S. To that end, shares of Fannie and Freddie - whose official names are the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation - each soared more than 30% on Wednesday following Mnuchin's comments. Read More

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OPEC Now Says A Production Cut Won't Be Necessary

In an all-out effort to restore OPEC's faded clout, the 14-nation cartel moved Wednesday to end infighting and agree to cut output for the first time in eight years. The significant decline on November 25 (3.59%) appeared to stem from the news that Saudi Arabia would not be attending the meeting on the upcoming November 26 with non-OPEC-producers. Read More

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With deals offered early, will shoppers buy on Cyber Monday?

Wal-Mart Stores Inc. said Monday that it's kicking off its so-called "Cyber Monday" deals at 12:01 a.m. EST Friday for the first time ever as it aims to grab customers ahead of its competitors. Black Friday shoppers and purchasers were up 18.5% and 15.2% respectively, compared to Black Friday in 2015. And in many cases, retailers have been carefully planning for the markdowns as a means as of keeping their inventory low, he said. Read More

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Kellogg pulls ads from Breitbart over company 'values'

Kellogg pulls ads from Breitbart over company 'values'

Last week, ad-tech company AppNexus also shut down Breitbart's access to its advertising marketplace after an audit revealed that "there were enough articles and headlines that cross the line, either coded or overt language". "Kellogg's offered no examples of how Breitbart's 45 million monthly readers fail to align with the breakfast maker's values". "The decision by Kellogg's, which makes Pringles, Eggo waffles, as well as Special K and Frosted Flakes cereals, among others, will ... Read More

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Trading Ledger: Keeping an Eye on Chico's FAS Inc. (NYSE:CHS)

Trading Ledger: Keeping an Eye on Chico's FAS Inc. (NYSE:CHS)

These endeavors will take time to reap benefit. A total of 8 equity analysts have released a research note on ODP. Stearns Svcs Group owns 8,927 shares or 0.33% of their USA portfolio. (NYSE:HD) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.69 per share. Read More

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Salvation Army red kettles brimming with sparkling donations

Salvation Army red kettles brimming with sparkling donations

The deadline for adopting one of the Angel Tree children is Monday, Dec. 12. The Salvation Army hopes to tap into that seasonal goodwill in a big way. A couple of local social service agencies that offer Christmas assistance said their application numbers are down so far this year. With larger numbers then they have seen since bringing the tradition back, the group is excited to help a great cause while spreading the Christmas spirit with their music. Read More

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Renzi faces pressure to stay in office as Italian referendum defeat looms

Renzi faces pressure to stay in office as Italian referendum defeat looms

The prime minister Matteo Renzi has staked his political career and reputation on a constitutional referendum that would make it easier to pass government reforms by taking back some power from the regions and the Senate. Investors appeared to be harboring growing concerns as to the ramifications for Italy's already fragile banking system if citizens reject constitutional reform in the upcoming referendum. Read More

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American Music Awards Praised Rihanna and Drake's 'Work'

It was also a poignant tribute to the late singer Prince , as the influential artist's 1984 soundtrack album for the film Purple Rain won the favorite soundtrack award at the AMAs, despite its age. She spoke of being honest and truthful, noting, "I don't wanna see your bodies on Instagram: I wanna see what's in here". The show's hosts - former " Saturday Night Live " comic Jay Pharaoh and model Gigi Hadid - also mentioned the Trump family when telling jokes: After Pharaoh impersonated ... Read More

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Trump Team Is Feuding Over Mitt Romney

The fact that Trump revanchists want an apology out of him as an initial act of obeisance tells you pretty much how his entire tenure would go. On Thursday morning, campaign manager Kellyanne Conway tweeted that she had received a "deluge of social media and private comms [sic]" warning about Romney. Read More

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Our man in Washington meets May after Trump backed Farage as ambassador

The unusual call from Mr. Trump clearly showed the scale of his liking for Farage , who played a key role shaping public opinion in favor of taking Britain out of the European Union ahead of the June referendum. He said: "I think Donald Trump has obviously got his own views on how he has a relationship with Britain". Foreign Secretary Johnson also said in jest, without mentioning Farage by name, that perhaps he should instead apply to be ambassador to Tehran, signaling 10 Downing ... Read More

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Nude students, Filipino activists protest dictator's burial

Nude students, Filipino activists protest dictator's burial

Duterte, whose father served in Marcos's cabinet, allowed Marcos to be buried at the Heroes' Cemetery, where presidents, soldiers, statesmen and national artists are buried. They also want the court to hold officials and his heirs in contempt for carrying out the burial before the court heard final appeals against it. Marcos's rule was marked by massive human rights violations and theft. Read More

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CA mosques receive letters threatening Muslims

It said that President-elect Donald Trump will do to Muslims "what Hitler did to the jews [sic]". Hussam Ayloush, executive director of the Los Angeles chapter of the Council on American-Islamic Relations, said the letters were identical and were postmarked as being sent from Santa Clarita just north of Los Angeles . Read More

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Saudi, Russian energy ministers may meet in Doha ahead of OPEC

Brent crude oil was up 60 cents a barrel at $47.23 by 1120 GMT. Crude inventories in the USA rose by 5.3 million barrels in the week to November 11, compared with expectations for an increase of 1.5 million barrels. Jabbar al-Luaibi hinted to the Wall Street Journal that the country, which was thought to be the most reluctant to cap production levels, would be in favour of the action when the group meets in Vienna at the end of this month. Read More

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How to land that ideal deal this Black Friday

How to land that ideal deal this Black Friday

Of that period, which runs from the actual holiday on Thursday through the following Sunday, Black Friday remains the most popular day to shop across all age groups. Investors are confident that the retail industry will see strong sales. HH Gregg is closed on Thanksgiving and opens at 7 a.m. Friday. If you're stressing out about finding time to sneak away from your family to shop the deals in store, don't worry: the surprise sale is only happening online and on the app. Read More

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Roads expected to be busy over Thanksgiving weekend

Nationally , AAA projects 48.7 million Americans will journey 50 miles or more from home this Thanksgiving, an increase of one million travelers compared with past year. The price of gas has fallen just in time for the drive to grandma's house for Thanksgiving. Clay Ingram, spokesman for AAA-Alabama, said that figure is up by approximately 1 million from last season. Read More

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110 civilians killed in air strikes on Aleppo

110 civilians killed in air strikes on Aleppo

Other activists said that more than 50 air strikes and 300 artillery shells targeted eastern Aleppo yesterday. 'A frightful day for the children's hospital. The statement comes amid a new wave of airstrikes in the war-torn country, with the besieged rebel-held part of the city of Aleppo facing its third consecutive day of heavy bombardment by Syrian President Bashar Assad's forces. Read More

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Demonetisation a case of organised loot and legalised blunder: Manmohan Singh

Demonetisation a case of organised loot and legalised blunder: Manmohan Singh

He also hoped the government will help find practical ways to give relief to people who are suffering, since 60-65 people had already lost their lives due to the move. He asked the Prime Minister to come out with constructive, pragmatic and practical measures to provide relief to the common man. Taking on RBI for every day modification of rules, Singh said, "It is not good that every day the banking system comes out with modification". Read More

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PM Modi aiming for cashless economy: Naidu

PM Modi aiming for cashless economy: Naidu

Congress leader Mallikarjun Kharge said in Lok Sabha that his party wanted a debate under Rule 56 that entails voting on the issue. A united opposition today protested against demonetisation outside Parliament as Mamata Banerjee hit the streets of Delhi once again demanding the Prime Minister's ouster as "country was not safe in his hands", but the government ruled out revoking the exercise, declaring rolling back something is "not in Modi's blood". Read More

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Asian shares gain, lifted by oil price rally on Wall Street

Brent crude futures LCOc1 rose 1.1 percent to $47.35 per barrel. Oil prices have fluctuated on renewed hopes for an OPEC deal that would rein in record production from the world's largest oil producers. The record breaking performance is just the latest in a streak of market indications that investors are bullish on the incoming Trump administration. Read More

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Chaos as millions in India crowd banks to exchange currency

Chaos as millions in India crowd banks to exchange currency

Cash withdrawal limit at ATMs was hiked to Rs 2,500 from Rs 2,000 a day. People could not exchange old of Rs.500 and Rs.1000 notes with lower currency bills due to exhaustion of cash in most of the branches. However, people are allowed a onetime swap of 4,000 rupees ($59) at any bank in exchange for smaller notes to meet immediate needs. As a result of this, those who have already exchanged old currency notes are unable to queue up again. Read More

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Many outdoor activities banned as fires burn across South

Many outdoor activities banned as fires burn across South

U.S. Forest Service spokesman Adam Rondeau has said the agency is tracking wildfires that have burned a total of 80,000 acres across the South. (AP Photo/John Bazemore) A firefighter battles a wildfire Tuesday, Nov. Like others from Wake County, Thornton, Knightdale's Evan Guinn and Eastern Wake Fire Department's Capt. Brian Bunn, Henry Stubblefield and Matt Toler are scheduled to be deployed for seven days. Read More

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