Drop

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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GameStop reports lower revenue and sharp drop in cash

GameStop reports lower revenue and sharp drop in cash

A screen displays GameStop’s logo and business information on the floor of the New York Stock Exchange (NYSE) on March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday that its sales in the third fiscal quarter fell and its cash flow fell sharply, as the bricks-and-mortar retailer worked to expand its digital presence. During …

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Freight rates from China to West Coast drop 90% as global trade plummets

Freight rates from China to West Coast drop 90% as global trade plummets

Logistics managers are sending the message to customers that the ocean freight market is correcting at a faster rate than expected. Transport company HLS recently wrote to its customers: “We initially expected the market to be on the verge of correcting and normalizing sometime in 2023, but this is coming much sooner than expected.” The …

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Today's mortgage and refinance rates: November 26, 2022 |  Cooling labor market is good news for rates

Today’s mortgage and refinance rates: December 2, 2022 | Rates drop after Powell speech

Insider experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates fell this week following a speech by Federal Reserve Chairman …

Today’s mortgage and refinance rates: December 2, 2022 | Rates drop after Powell speech Read More »

Mortgage rates drop for third straight week as inflation fears ease |  CNN Business

Mortgage rates drop for third straight week as inflation fears ease | CNN Business

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

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Live stock market news updates: Stocks drop on China COVID concerns, economic data

Live stock market news updates: Stocks drop on China COVID concerns, economic data

U.S. stocks edged lower on Tuesday as Wall Street continued a slow start to the week as investors continued to watch China’s COVID policy and anticipate Federal Reserve Chairman Jerome Powell’s expected speech. The S&P 500 (^GSPC) fell 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was virtually …

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There's Still Time to Save: Today's 30-Year Mortgage Rates Drop to 6.375% |  November 22, 2022

Savings Window Opens: Today’s 30-Year Mortgage Rates Drop to 6.125% | November 29, 2022

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Check out the November 29, 2022 mortgage …

Savings Window Opens: Today’s 30-Year Mortgage Rates Drop to 6.125% | November 29, 2022 Read More »

Short seller Jim Chanos blows up the crypto, warns the S&P 500 could drop 55% and predicts Tesla's growth will slow in a new interview.  Here are the top 10 quotes.

Short seller Jim Chanos blows up the crypto, warns the S&P 500 could drop 55% and predicts Tesla’s growth will slow in a new interview. Here are the top 10 quotes.

Jim Chanos tore into crypto after Sam Bankman-Fried’s FTX exchange implosion. The short seller compared the crypto crash to the bursting of the dot.com bubble. Chanos expects the S&P 500 to plunge, Tesla’s growth to slow and Twitter to distract from Elon Musk. Loading Something is loading. Thank you for your registration! Access your favorite …

Short seller Jim Chanos blows up the crypto, warns the S&P 500 could drop 55% and predicts Tesla’s growth will slow in a new interview. Here are the top 10 quotes. Read More »