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Added on the 03/04/2018 14:15:07 - Copyright : Wochit
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
Midland (Texas), Apr 6 (EFE).- Gas prices across the US are extremely low causing oil prices to drop dramatically in part due to the COVID-19 coronavirus. (Camera: LARRY SMITH).FOOTAGE SHOWS AN OIL PUMP IN AN OIL FIELD NEAR MIDLAND, TEXAS, USA.
Ty Dolla $ign marked the one-year anniversary of late rapper Nipsey Hussle's death by sharing an unreleased collaboration featuring his posthumous vocals and Cardi B.
Commerzbank has warned its earnings could fall this year due to businesses borrowing less and the drag on its revenue from negative interest rates, knocking its shares to a record low. David Pollard reports
Apple revises fourth quarter expectations, saying revenues could come in lighter than current forecasts, and misses some targets for iPhone sales, putting pressure on its stock despite an overall earnings beat. Bobbi Rebell reports.
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