BANGKOK (AP) — Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities to act to cool inflation. Japan’s benchmark Nikkei 225 index rebounded after falling the day before. Shares declined in Hong Kong, Shanghai, Sydney and Seoul. On …
Read More »: ‘This is not the time to lessen our efforts’: Americans’ fear of COVID-19 falls to lowest level since April 2020
Fewer Americans now fear catching COVID-19 than at any point since the start of the pandemic, according to a new survey. Only 35% of U.S. adults reported they are very or somewhat worried about contracting COVID-19, according to Gallup. It’s the lowest level of concern since last April. Additionally, nearly …
Read More »Futures Movers: Oil falls more than 3% as OPEC+ eases curbs, Iran output seen rising
Oil futures fell sharply Monday after a three-day weekend, with weakness attributed to concerns over the decision by the Organization of the Petroleum Exporting Countries and its allies to ease output curbs, along with indications more supply from Iran is making its way to market. West Texas Intermediate crude for …
Read More »Mortgage demand falls, but average homebuyer size hits record
Total mortgage application volume fell 4.1% from the previous week, but were 16% higher than a year ago. The average loan amount for homebuyers hit another record high — $ 395,200, according to the Mortgage Bankers Association’s seasonally adjusted index reported by CNBC. Homebuyers are seeing prices rise at the …
Read More »: Tesla stock falls after $5 billion stock offering plan
Shares of Tesla Inc. dropped Tuesday after the electric vehicle market leader filed for the sale of up to $ 5 billion worth of stock. The share sale plan comes after the stock shot up 12.8% over the past three days to Monday’s record close of $ 641.76. That rally …
Read More »Economic Report: Hiring falls slightly in September as recovery in U.S. labor market slackens
A restaurant displays a “Now Hiring” sign amid the coronavirus pandemic in Arlington, Virginia. Companies are still hiring more workers, but not as fast as they were during the summer. olivier douliery/Agence France-Presse/Getty Images The numbers: Job openings in the U.S. rose slightly in September and layoffs declined, but hiring …
Read More »Metals Stocks: Gold on track to settle at a 7-week high as U.S. dollar falls
Martin Abbugao/Agence France-Presse/Getty Images Gold futures traded higher Thursday, lifted as the U.S. dollar slumped and investors watched results of the U.S. elections that appeared more likely to deliver a split government. Gold for December delivery GCZ20, +2.40% was up $ 32.30, or 1.7%, at $ 1,928.50 an ounce, while …
Read More »Tesla stock falls after third-quarter deliveries keep demand concerns alive
Tesla Inc. stock fell more than 5% Friday after the Silicon Valley car maker reported quarterly sales that were above Wall Street consensus and hit a record but failed to dispel concerns about the company’s longer-term goals. Tesla TSLA, -7.37% earlier Friday said it delivered 139,300 vehicles in the third …
Read More »Metals Stocks: Gold falls as dollar rallies amid global, tech-led selloff
Gold futures were headed lower Tuesday as investors turned to U.S. dollars with global stocks sinking amid concerns about lofty valuations for highflying, technology-related stocks which had led the rally in equities amid the COVID-19 pandemic. Gold has come under pressure as “the dollar wrestles [to] break its downtrend and …
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