Market is Price

Apple unveils new MacBooks, M3 chips Apple's ( AAPL ) stock traded flat on Tuesday following its "Scary Fast" virtual event on Monday evening. As Yahoo Finance's Dan Howley reports: Apple announced its latest MacBook Pro lineup and updated iMac. Each of the systems comes equipped with the company’s new M3 line of chips , which feature a new graphics architecture for improved performance in gaming and graphics-intensive apps. The Pros come in 14-inch and 16-inch varieties and include Apple’s Liquid Retina XDR display, a 1080p camera, a six-speaker sound system, and Apple’s macOS Sonoma operating system. But it’s the chips that make these laptops stand apart from their predecessors. The MacBook Pro 14-inch is available with the entry-level M3, mid-range M3 Pro, and top-of-the-line M3 Max. The MacBook Pro 16-inch is available with the M3 Pro and the M3 Max. The MacBook Pro 14-inch with M3, starts at $1,599, while the version with the 14-inch with the M3 Pro starts...

The Federal Reserve's aggressive interest-rate hikes could trigger a 1980s-style recession for the US housing market, according to Wells Fargo. Henryk Sadura/Shutterstock Redeem now The US housing market looks like it's headed for a recession, Wells Fargo has warned. Mortgage spiking to nearly 8% will cause homebuying to plummet, according to the bank. Strategists compared the current situation to the 1980s, when the Fed's aggressive interest-rate hikes also put pressure on the property market. The Federal Reserve's aggressive interest-rate hikes could be about to trigger a housing-market recession that echoes the slowdown of the 1980s, Wells Fargo has warned. The central bank has signaled in recent months that it'll keep borrowing costs at a higher level for longer well into 2024 in a bid to quell inflation – and that'll fuel declines in both construction and activity, according to the bank. "After generall...

Despite countless recession calls from economists, analysts, and other experts this year and last, the U.S. economy as a whole has shown remarkable resiliency. The housing market, on the other hand, is a different story.  Mortgage rates hovering around 8% coupled with home prices that rose substantially during the pandemic have deteriorated housing affordability in the U.S. and frozen activity in some cases . The longer mortgage rates remain elevated, the higher borrowing costs become, and that could tip the housing market into a recession, according to Wells Fargo .  “After generally improving in the first half of 2023, the residential sector now appears to be contracting alongside the recent move higher in mortgage rates,” Wells Fargo economists wrote in a recently released commentary , titled simply, “Rising Borrowing Costs Stand to Tip the Housing Sector Back Into Recession.”  For the first time in more than two decades, the 30-year fixed mortgage rate reached...

Economist Steve Moore analyzes the state of the automotive market with a potential UAW agreement and the transition to electric vehicles. Just like Ford’s "Edsel" model in the 1950s, Trump administration economist Steve Moore cautioned that electric vehicles (EVs) may be the auto market's "next big flop." "Henry Ford's son was named Edsel, and this was going to be the great car, all of the executives said, 'This is the car everybody's going to want to buy.' Ford made 500,000 of these new sedan cars, but guess what?" Moore said on "Varney & Co." Monday. "Nobody bothered to ask consumers whether they wanted the car."  "And of course, the Edsel was one of the great flops of all time," the economist continued. "I'm here to tell you, if these trends continue, we're going to see the EV market become the next big flop because car buyers don't want them." Moore’s comments com...

[unable to retrieve full-text content] Auto Strikes Over, Market Senses Bigger Problems Ahead    Bloomberg from "market" - Google News https://ift.tt/UwLDQE0 via IFTTT

With the NFL trade deadline set for this coming Tuesday, Fox’s NFL Insider Jay Glazer has reported that the Green Bay Packers are still one of three teams looking for a running back on the trade market. “There are a lot of teams that are in the running back market,” said Glazer . “Baltimore, Cleveland, Green Bay is still in the running back market as well. Dallas hasn’t been calling around.” The Packers currently have $7.5 million in available cap space, according to Over the Cap –enough to acquire a running back at the deadline, especially if they gave that player a new deal and backloaded the contract as they often do. The Packers, of course, expressed interest in Indianapolis’ Jonathan Taylor prior to the season when it looked like the two sides were not going to be able to agree to a long-term deal. However, even then, that seemed like a questionable decision, given the potential draft and salary cap capital needed to make that deal work for a player at a non-premier positio...

New York CNN  —  If you want to aggravate the US bond market, just remind traders how high the nation’s budget deficit is. The latest tally from the Treasury Department for the fiscal year that ended September 30 put the deficit at $1.7 trillion. But it’s effectively even higher — around $2 trillion — if the impact of President Joe Biden’s federal student debt cancellation plan, which the Supreme Court struck down before it took effect, is not included. That’s twice as high as the deficit the prior fiscal year. Budget deficits happen when a government’s spending exceeds what it collects in taxes. To cover the difference, governments have to borrow money, which usually comes from issuing more bonds. All else being equal, that tends to push bond prices down, which causes yields to go higher. For a while, investors shrugged off the ever-growing US deficit and the impact it has had on the government’s debt obligations, since the understanding has been the Treasury will mak...

The Des Moines Farmers Market finished its 48th season Saturday amid freezing downtown temperatures.Des Moines Farmers Market manager Megan Renkel said she's seen an average of 10,000 to 15,000 people each week at the market through October's fall market hours."We've had over 300 vendors that have joined us so far this season and just really excited to finish out another career," she said.Not even the cold stopped vendors like Basi Affia of Sensiil Studios from coming out to the market for one last time this year.He said he's the owner of the only black comic book company in either Iowa or Nebraska."There's nothing there's nothing like this in Iowa, Nebraska. There's very few in the Midwest in general," Affia said. "The types of stories, a lot of like a lot of similar companies do, like fantasy and stuff like that. I do science fiction, so there's a lot of things that set me up."Michele Ihnen of Brick & Ember brought so...

Michael Burry, best known for calling 2008's subprime mortgage crisis, just added a new notch in his belt by predicting the latest market correction led by tech stocks. The California-based investor, who now runs his hedge fund Scion Asset Management, had amassed massive bets against the stock market in the second quarter. At the end of June, he owned 20,000 put contracts, with unknown value, strike price or expiry, against the SPDR S & P 500 ETF Trust , with a value of $886.6 million. Scion also held puts against two million shares of the Invesco QQQ ETF , which tracks the tech-heavy Nasdaq-100 index. These 20,000 options contracts were against shares worth $738.8 million at the end of the second quarter. Put options increase in value as the underlying asset falls in price. These two indices fell into correction territory this week , making Burry's bets lucrative in theory. The Nasdaq Composite dropped deeper into correction territory Thursday, down nearly 13% from ...

Michael Burry, best known for calling 2008's subprime mortgage crisis, just added a new notch in his belt by predicting the latest market correction led by tech stocks. The California-based investor, who now runs his hedge fund Scion Asset Management, had amassed massive bets against the stock market in the second quarter. At the end of June, he owned 20,000 put contracts, with unknown value, strike price or expiry, against the SPDR S & P 500 ETF Trust , with a value of $886.6 million. Scion also held puts against two million shares of the Invesco QQQ ETF , which tracks the tech-heavy Nasdaq-100 index. These 20,000 options contracts were against shares worth $738.8 million at the end of the second quarter. Put options increase in value as the underlying asset falls in price. These two indices fell into correction territory this week , making Burry's bets lucrative in theory. The Nasdaq Composite dropped deeper into correction territory Thursday, down nearly 13% from ...

Charter loses 100K subs due to Disney dispute Charter Communications ( CHTR ), which saw shares plunge nearly 10% after reporting earnings on Friday , said it lost about 100,000 subscribers due to its cable dispute with Disney ( DIS ) earlier this fall. "The overall impact to customer relationships was less than we expected, facilitated in part by the wide availability of over-the-top alternative," Charter CFO Jessica Fischer said on the company's earnings call. Residential video customers decreased by 320,000 in the third quarter of 2023, a 6% decline compared to a loss of 211,000 customers in the year-ago period, "partly driven by video disconnects related to the temporary loss of Disney programming in early September." The two companies had hit a stalemate in contract negotiations over whether Disney should give Charter subscribers free access to its ad-supported streaming services as part of the telecom giant's cable packages. The blackout impacted...

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023.  Brendan Mcdermid | Reuters The S&P 500 entered correction territory on Friday. All three major averages registered steep weekly losses. The Dow and S&P 500 are down 2.1% and 2.5%, respectively, for the week. The Nasdaq has fallen 2.6% in that time, dragged down by sharp weekly declines in Meta Platforms and Google-parent company Alphabet . "We still have a shaky economic outlook. So while the third quarter GDP print was extraordinarily high, I think everybody still expects that the US economy is going to slow down. The only question there is how much is it going to slow down and how fast," said Dave Sekera, chief U.S. market strategist at Morningstar. The decline in key tech stocks pushed the Nasdaq into correction territory after falling more than 10% from its closing high in July on Wednesday. This week also saw the index record its worst trad...

CNBC's Jim Cramer on Wednesday laid out five scenarios that could improve the market. To Cramer, interest rates need to stabilize in order for stocks to trade based on company fundamentals, and these factors could help rates reach their peak. More bond market buyers: Cramer said there needs to be more buyers than sellers on the bond market. He said he thinks this could occur if bond yields go higher and prices go lower. Weaker economic data: Weaker economic data would allow the Federal Reserve to ease up on rate hikes, Cramer said. Layoffs: Unless job growth ends and job reductions begin, Cramer said interest rates will continue to rise. Cheaper stocks: To Cramer, the market may keep going down unless stocks get to a place where it doesn't make sense to sell. He said the "tyranny of the bond market" can end once bonds get attractive in yield or stocks get attractive in price. Flight to safety: Cramer said there may be a need for a "flight to safety...

LIVE UPDATES Stock Market Today: Nasdaq Falls; Alphabet Stock Slides After Earnings Facebook parent Meta reports results later today Last Updated:  Oct. 25, 2023 at 2:19 PM EDT Tech stocks are getting crushed. Some of the stock market's behemoths are badly underperforming in afternoon trading, weighing on the broader market. Alphabet's stock is down more than 9% after reporting its quarterly results , a warning sign to some investors about the resilience of tech stocks after a banner year . Shares of Amazon, Apple and Nvidia are also lower. It hasn't been all bad; cloud results at Microsoft boosted its shares. Stay tuned: The earnings deluge continues today, with Facebook parent Meta Platforms , Barbie maker Mattel and IBM due to report after the closing bell. In recent trading : Stocks fell. The selloff accelerated in afternoon trading, and the tech-heavy Nasdaq was in correction territory . Yields on benchmark 1...

Apple hikes prices on some subscription services Apple ( AAPL ) is raising the prices of some of its subscription services, including streaming platform Apple TV+, in the US and select international markets beginning Wednesday. The company quietly announced the changes on its website , which revealed Apple TV+ will now cost $9.99, up from the prior $6.99. Apple TV+ originally cost $4.99 when it first launched in November 2019. Apple Arcade and Apple News+ will each go up by $2 and $3, respectively, to $6.99 and $12.99. As a result of the changes, Apple One, which bundles up to six Apple subscriptions for one monthly price, also saw its tiered prices increase. The Individual plan will now cost $19.95 a month, up from $16.99, while the Family plan will be $25.95 — up from the prior $22.95. The Premier plan went up by $5 to a new monthly price of $37.95. Existing subscribers will see these price increases 30 days later, on their next renewal date. Apple raised the prices on a slew ...

[unable to retrieve full-text content] PHOTOS: Former Cincinnati home of 98 Degrees' Nick Lachey hits market for $2.9M    WHIO from "market" - Google News https://ift.tt/oz4HwiU via IFTTT

China’s largest EV maker, BYD , is quickly making a name for itself in overseas markets. Despite recently entering the Thai auto market, BYD has already surpassed several Japanese rivals in sales as it sneaks up on Toyota’s spotlight. Japanese automakers have dominated the auto market in Thailand in recent years, with Toyota , Isuzu, and Honda currently the top-selling brands in the region. Yet BYD, which entered the market in July 2022, is charging full steam ahead. BYD already accounts for over a third of EV sales and roughly 4% of new vehicle sales in Thailand, according to Autolife Thailand . The Chinese EV maker surpassed Japanese competitors, including Nissan, Mitsubishi, Mazda, and Suzuki, in total vehicle sales. A big reason for BYD’s success in Thailand and other markets like Brazil, Columbia, and Israel is its low-cost pricing. BYD may have an advantage BYD can produce EVs much cheaper than traditional automakers, passing the savings on to customers. The automaker sta...

Apple's big box office bet Apple's "Killers of the Flower Moon" ( AAPL ) represents a strategy shift in film for the tech giant as it more heavily leans on theatrical exclusive titles to drive subscribers to its flagship streaming service Apple TV+. The company, which has pledged to spend $1 billion producing movies for theaters, has taken advantage of the box office's post-pandemic bounce back amid a turbulent time in the industry with the actors' union, SAG-AFTRA, still on strike. "This certainly signals a transition period for [Apple] in terms of how they're going to approach content, especially with big prestigious productions and A-plus list talent like Leonardo DiCaprio and Marin Scorsese," Shawn Robbins, chief analyst at Box Office Pro, told Yahoo Finance. The film, which was distributed by Paramount ( PARA ), notched $44 million in its global debut this past weekend — a lukewarm opening considering its estimated $200 million-plus p...

[unable to retrieve full-text content] BHP's McKay on Global Commodity Market Outlook    Bloomberg from "market" - Google News https://ift.tt/WD0pPxM via IFTTT

LIVE UPDATES Stock Market News, Oct. 23, 2023: Benchmark Treasury Yield Retreats From 5%; Dow Closes Lower Several 'Magnificent Seven' tech giants set to post earnings this week Last Updated:  Oct. 23, 2023 at 4:47 PM EDT Stocks finished Monday mixed, with the Dow and S&P 500 lower, after the 10-year Treasury yield briefly jumped above 5%. Read the day's full markets roundup here . The benchmark yield surged to 5.02% in early trading, reflecting bets by investors that interest rates will continue to stay elevated for longer, before retreating. The last time the 10-year yield traded above 5% was 2007. A recent rise in yields was driven in part by comments from Federal Reserve Chair Jerome Powell, who said he didn’t see evidence that monetary policy was too tight. That reignited worries among investors that an interest-rate cut may not occur for a while. Earnings season is revving up this week, but today is set to be a ...