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UPI News

The number of people filing for unemployment benefits for the first time last week increased by 4,000 to a seasonally adjusted 232,000, breaking a two-week streak of decreased application filings.

Weekly jobless claims rise by 4,000, snapping two-week decline

Markets Insider

The US housing market added over $3 trillion in value over the last year alone, per a Redfin analysis.

The US housing market is on the verge of hitting a record $50 trillion valuation as prices keep rising

Higher-priced properties see largest price gains as investor purchases and market share rise. On par with gains recorded in May, single-family rental (SFR) prices increased 2.9% year over year in June, signaling stabilization in single-family rental markets as low homebuyer affordability continues to support demand, per CoreLogic’s latest update to its Single-Family Rent Index (SFRI). Now returning to pre-pandemic growth rates, SFR prices increased by double digits in communities across the U.S. during 2021 and 2022.

Single-Family Rental Prices Stabilize In Second Quarter

The stock market allows investors to build wealth by tying their savings to the growth of the best businesses in the world. Shopify and Coupang are two leaders in online shopping, going after a massive global e-commerce market. Both companies have been growing their revenues at over 20% annually, which...

2 Growth Stocks That Could Double By 2030

Final North American Class 8 net orders totaled 13,465 units in July. Exports and Mexico accounted for 13% of July’s orders, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report. “The Class 8 backlog fell 13,626 units M/M in July, to 114,291 units....

ACT Research: Current Class 8 Production Levels Under Pressure

Stocks moved mostly higher over the course of the trading session on Monday, adding to the strong gains posted last week. The major averages showed a lack of direction early in the session but climbed firmly into positive territory as the day progressed. The major averages surged going into the...

U.S. Stocks Extend Upward Trend With Another Strong Day

Worries had hit shares of Target Co. (NYSE: TGT) as rising crime waves in some states where the brand has the most square footage, like California, created a headwind for future earnings. However, these fears seem to have been put to bed as the company released its second quarter 2024 earnings results, sending the stock higher by up to 14% in a single day on a positive reaction to the numbers.

Earnings Beat Send Target Stock Toward New Highs

CBS News

The average rate on a 30-year mortgage eased this week to the lowest level in 15 months, providing slight relief for U.S. home shoppers navigating a brutal housing market.The rate fell to 6.46% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.23%.The average rate is now the lowest it's been since mid-May last year, when it was 6.39%. Borrowing costs on 15-year fixed-rate mortgages also fell this week, good news for homeowners seeking to refinance their home loan at a lower rate. The average rate fell to 5.62% from 5.66% last week....

Average 30-year mortgage rate drops to lowest level in 15 months

24/7 Wall St.

While we’ve been eagerly waiting for a rate cut, several sectors have been hit harder than others. Retail sales are very closely watched each month as they are a strong indicator of the economy. The retail sales in June saw a 2.3% year-over-year increase while they jumped only 1% year-over-year in July. The rising prices […]
The post 3 Stocks Ready to Soar After a Fed Rate Cut appeared first on 24/7 Wall St..

3 Stocks Ready to Soar After a Fed Rate Cut

Robb Report















	There are more million-dollar homes in the U.S. than ever before. A record 8.5 percent of homes in America now have an estimated value of $1 million or more, according to a new report by Redfin. That’s up from 7.6 percent a year ago and more than twice the four percent recorded in June 2019, prior to the pandemic. Per the findings, the reasons for the spike can be attributed to limited inventory and high demand.This $13.5 Million Residence in Downtown Charleston Offers a Fresh Take on Historic Architecture




	“The median sale price of U.S. luxury homes rose 9 percent year over year to a record...

The Number of Million-Dollar Homes in the U.S. Has Hit a Record High

New Mexico State

U.S. milk production fell about 0.4% compared to the same month last year, according to the USDA’s preliminary July Milk Production report, released Aug. 21. Reviewing the USDA preliminary estimates for July 2024 compared to July 2023:. U.S. milk production: 18.915 billion pounds, down 0.4%. U.S. cow numbers: 9.325...

Cow numbers, milk production continue to decline in July USDA estimate

The Oklahoma City Sentinel

MINNEAPOLIS, Aug. 21, 2024 PRNewswire/ --
                Second quarter comparable sales increased 2.0 percent, at the high end of the Company's expectations.Traffic grew 3 percent in the second quarter as compared to the prior year, with all six core merchandising categories delivering traffic growth.Digital comparable sales grew 8.7 percent. Same-day services saw double digit growth, led by low teens growth in Drive Up and Target Circle 360™ same-day delivery.Discretionary sales trends continued to improve meaningfully, with Apparel comparable sales growing more than 3 percent in the...

Target Corporation Reports Second Quarter Earnings

December corn ended the day down 4¾¢. November soybeans closed down 20¢. December wheat contracts also closed lower. CBOT wheat was down 8½¢. KC wheat was down 6¾¢. Minneapolis wheat was down 13¢. "Row crop markets certainly had a fight on their...

Soybeans close down 20¢ | Thursday, August 22, 2024

Reuters

(Reuters) - Mexico's statistics agency INEGI released on Thursday a series of data showing that inflation slowed more than expected while growth remained tepid, opening the door for the country's central bank to deliver a new interest rate cut next month.

Mexico's GDP, inflation figures support bets of September rate cut

Prior to the release of USDA’s supply and demand report on Aug. 12, many market analysts were anticipating larger production for soybeans, corn, and others. Turns out that is exactly what the numbers showed, although there was a difference between corn and beans when it came to estimated harvested acres.

Higher production, exports, ending stocks for soybeans in USDA report

Shares of Keysight Technologies (KEYS) jumped nearly 14%, the best performance of any S&P 500 stock on Wednesday, following a strong quarterly earnings report. Keysight, which supplies engineering and manufacturing software to various industries, posted revenue of $1.22 billion for its fiscal third quarter, down around 12% year-over-year but still ahead of analysts' forecasts. Adjusted earnings per share of $2.22 slightly increased from a year ago and topped expectations.

Keysight Technologies Stock Soars as Orders Show Resilience

Job growth in the U.S. was slower than initially thought for much of 2023 and the start of 2024, according to revised data released by the Department of Labor on Wednesday. Revised data shows that the U.S. economy added 819,000 fewer jobs than estimated in the 12-month period ending in March, based on counts derived from state unemployment insurance tax records.

US job growth not nearly as high as originally estimated, new data reveals

After reporting decreases by first-time claims for U.S. unemployment benefits over the two previous weeks, the Labor Department released a report on Thursday showing a modest rebound by initial jobless claims in the week ended August 17th. The report said initial jobless claims rose to 232,000, an increase of 4,000...

U.S. Weekly Jobless Claims Rebound Modestly To 232,000

After moving to the upside early in the session, stocks have given back ground over the course of the trading day on Thursday. The major averages have pulled back off their highs of the session and into negative territory. Currently, the major averages are posting modest losses. The Dow is...

U.S. Stocks Move Modestly Lower After Seeing Early Strength

Business Times

The U.S. job market continues to show signs of resilience, even as the number of Americans filing for unemployment benefits rose modestly last week. According to the latest data from the Department of Labor, jobless claims increased by 4,000 to a seasonally adjusted 232,000 for the week ending August 17. Despite this uptick, the level of claims remains historically low, reflecting a labor market that is cooling gradually but still healthy.

Jobless Claims Edge Up, But Labor Market Remains Robust Amid Fed's Rate Hike Concerns

NewsBreak

ISAT scores increase slightly, exceed new — lower — goals

Idaho students’ math and English achievement levels improved slightly last spring, according to one of Idaho’s most significant measures of academic performance. Math and English scores...

ISAT scores increase slightly, exceed new — lower — goals

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