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Why bad news is bad news for the stock market
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 6, 2023 Today’s newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more market news on the go with the Yahoo Finance App. Investors have heard the adage a lot lately — good news is bad news, and vice versa. In today’s economy, positive data on job growth, manufacturing, and consumer spending have been perceived as a sign the Federal Reserve will remain aggressive in raising interest rates to slow growth and inflation.…
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Manhattan apartment sales plunge in Q4, brokers fear frozen market
Manhattan apartment sales fell by 29{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in the fourth quarter, sparking fears of a frozen industry in which prospective buyers and sellers stay on the sidelines due to economic and level fears. There ended up 2,546 revenue in the quarter, down from 3,560 last 12 months, in accordance to a report from Douglas Elliman and Miller Samuel. The decline was the greatest given that the third quarter of 2020, throughout the depths of the pandemic. Rates also declined for the 1st time due to the fact early 2020, with the median rate down 5.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The declines in both of those product sales and selling prices mark the conclusion of the…
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US home price gains fall sharply in November as rising mortgage rates cool housing market
Actual Discuss Funds CEO Ron Luna and Capitalist Pig hedge fund manager Jonathan Hoenig talk about what is actually propelling the stock market market-off on the initial buying and selling day of 2023 on ‘Cavuto: Coastline to Coast.’ Residence selling prices declined sharply in November as increased mounting house loan prices ongoing to sap need from the housing current market. Charges in November increased 8.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from the calendar year-back period of time, the smallest achieve in two a long time, in accordance to new knowledge printed on Tuesday by CoreLogic. On a monthly foundation, rates really dropped .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in November. Selling prices are now about 2.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} under their spring 2022…
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Rivian, Lordstown, Tesla try to shake up pickup market with fresh designs, features
When Tesla CEO Elon Musk offered the Cybertruck in 2019, the pickup’s styling and specifications were shocking. The angular, pyramidlike form was so extreme that some Tesla supporters assumed Musk might be playing a prank. But Tesla has stood by the layout, and generation is set for late this yr. Tesla at first promised that the Cybertruck would be completely ready for buyer deliveries in late 2021. Reservations are thought to be in the hundreds of countless numbers or even additional than 1 million, in accordance to tallies compiled by followers of the EV model. Tesla has not provided a formal amount. The enterprise has defined that exterior by saying…
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Global Automotive Aftermarket Market Report to 2031
DUBLIN, Dec. 29, 2022 /PRNewswire/ — The “Automotive Aftermarket By Application, By Distribution, By Vehicle Type, By Position: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering. Research and Markets Logo According to this report the automotive aftermarket was valued at $438.70 billion in 2021, and is estimated to reach $828.2 billion by 2031, growing at a CAGR of 6.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from 2022 to 2031. Aftermarket refers to the secondary market of the automotive industry, which is concerned with manufacturing, remanufacturing, distribution, and retailing. The aftermarket offers numerous choices to customers, where they can get their vehicles serviced, maintained, or customized. The aftermarket is gaining traction,…
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2022 marked the end of cheap mortgages and now the housing market has turned icy cold : NPR
Small children experience scooters previous a household for sale in Los Angeles. House product sales have slowed as mortgage loan rates have climbed. Allison Supper/Getty Images disguise caption toggle caption Allison Dinner/Getty Visuals Children trip scooters earlier a residence for sale in Los Angeles. Home profits have slowed as mortgage loan premiums have climbed. Allison Dinner/Getty Pictures Evan Paul and his spouse entered 2022 wondering it would be the calendar year they would eventually acquire a house. The couple — both of those experts in the biotech field — ended up ready to place roots down in Boston. “We just variety of received to that spot in our life in…
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