Pending home sales end 2021 on a low note

Home buying in the US slowed in the last month of 2021. Pending home sales, a leading indicator of the housing market’s health, fell for the second consecutive month in December and were much slower than economists had expected. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes … Read more

Should you wait for an Omicron-specific booster?

About 50% of eligible Americans have received a booster shot, according to the US Centers for Disease Control and Prevention, but the Pfizer and Moderna news may raise questions regardless. For those who have yet to get inoculated, should they wait until there is an Omicron-specific vaccine? What if someone has already had Covid-19 during … Read more

The US economy grew at the fastest rate in 2021 since the Reagan administration

US domestic product — the broadest measure of economic activity — expanded 5.7% last year, the fastest gross pace since 1984 when Ronald Reagan was in the White House, the Bureau of Economic Analysis reported Thursday. The final three months of 2021 got a much better scorecard than economists had predicted: GDP grew at an … Read more

How to Get Your Free N95 Masks

The government has already sent masks to community centers and pharmacies around the country. Jeoffrey Guillemard/Bloomberg Text size Drugstores and retailers have already received some of the 400 million free N95 masks that President Joe Biden has promised to distribute to people nationwide in another effort to combat the spread of Covid-19. Here’s how to … Read more

Southwest returns to profitability – CNN

The airline reported that it earned $85 million in the quarter, much better than the $23 million that analysts polled by Refinitiv had expected. Revenue increased to $5.1 billion, up 150% from the previous year — but still down 11% from what it was in the last quarter of 2019, before the pandemic. “We finished … Read more

McDonald’s, Blackstone, Netflix and others

Check out the companies making headlines before the bell: Comcast (CMCSA) — Parent company NBCUniversal and CNBC earned 77 adjusted cents per share for the fourth quarter, 4 cents above estimates, with revenue also higher than analysts’ expectations. Comcast also announced an 8% dividend increase and an increase in its stock buyback program to $10 … Read more

McDonald’s (MCD) Q4 2021 earnings miss estimates

Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, US, on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as higher costs weighed on its profits. It marks the fourth earnings miss for the company in eight quarters. … Read more

Treasury yields are mixed following Fed decision

US Treasury yields were mixed on Thursday morning, as investors continued to digest the Federal Reserve’s latest policy update. The yield on the benchmark 10-year Treasury note rose by less than basis point to 1.8495% at 3:45 am ET. The yield on the 30-year Treasury bond fell by 2 basis points to 2.1413%. Yields move … Read more

Facebook’s cryptocurrency venture to wind down, sell assets

The head of the Bitcoin Foundation, Brock Pierce, says the cryptocurrency’s correlation with the stock market is ‘very real’, suggesting that institutional capital in the US is ‘continuous’. Facebook’s ambitious efforts to bring cryptocurrency to the masses have failed. A person familiar with the matter said that Deem, a Facebook consortium formed in 2019 to … Read more

Lowe’s will open mini Petco shops inside some stores

Lowe’s is opening Petco shops inside of some of its stores as part of a pilot program. It plans to open the first one in Texas in February. Source: Petco Lowe’s will soon test a new offering: A Petco shop inside its stores where customers can buy dog ​​food and cat litter, even visit with … Read more