Finance News
Today, Asian shares are mostly up following a new set of record highs on Wall Street.
Today, the stock market in Asia is seeing mostly positive gains following another round of record highs on Wall Street.,
On Friday, Asian shares mostly traded higher in quiet holiday trading, with markets closed in Hong Kong, Sydney, Singapore, and India. Many financial markets were closed for Good Friday, while in India, markets were closed for the Holi holiday.
The Nikkei 225 in Tokyo rose 0.4% to 40,316.56, the Kospi in Seoul edged 0.1% higher to 2,748.55, and the Shanghai Composite index gained 0.5% to 3,025.56. Taiwan’s Taiex advanced 0.4%, and in Bangkok, the SET added 0.3%.
Oil prices saw a jump, with U.S. benchmark crude oil gaining $1.82 to $83.17 per barrel and Brent crude surging $1.59 to $87.00 per barrel in electronic trading on the New York Mercantile Exchange.
The U.S. dollar slipped to 151.30 Japanese yen from 151.38 yen, while the euro edged lower to $1.0775 from $1.0790.
Stock markets have been on a strong run, with the S&P 500 and Dow Jones Industrial Average setting records. The Nasdaq composite saw a slight dip. Oil prices surged, with U.S. benchmark crude oil gaining $1.82 to $83.17 per barrel. The U.S. dollar slipped against the yen and euro.
Amidst the market activity, companies like Nvidia and Super Micro Computer saw significant gains, while others, like Tesla and Boeing, faced challenges. The U.S. economy showed stronger growth than expected, with solid job market indicators. The Federal Reserve is expected to cut interest rates later this year.
Despite overall optimism, concerns remain about inflation and the pace of stock market growth. Analysts urge caution and emphasize the need for companies to deliver solid profits to justify market moves.
Specific company updates include RH reporting weaker profit and revenue than expected but indicating an upward trend in demand, and Chemours reporting better-than-expected results. Trump Media & Technology Group saw a decline after significant gains, driven by enthusiastic investors.
FAQ:
Q: Why did the U.S. stock market set records?
A: The market has been performing well amidst strong economic indicators and expectations of interest rate cuts.
Q: Which companies saw significant gains?
A: Nvidia and Super Micro Computer experienced notable increases in stock value.
Q: What challenges did companies like Tesla and Boeing face?
A: Tesla saw a significant decline in stock value, while Boeing faced safety and manufacturing quality concerns.
Q: What factors are influencing the Federal Reserve’s decision on interest rates?
A: The Fed is monitoring inflation and economic growth to determine the timing of rate cuts.
Product Name: DriverSmith – Automatic Download & Update Drivers For Windows
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
DriverSmith – Automatic Download & Update Drivers For Windows is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
The Claman Countdown panelists Dolly Lenz and Jenny Lenz analyze top places Americans want to live.
The housing inventory shortage that has been plaguing the U.S. for years appears to finally be easing, but a significant factor behind what is driving up supply provides little encouragement that the stagnant market will get moving again anytime soon.
A new report from Redfin says the number of homes for sale jumped to a four-year high in November, surging 12.1% year over year. But the major reason for the increase is that most homes on the market just aren’t selling.
Redfin data shows housing supply hit a four-year high in November, but mostly because a majority of houses for sale have sat on the market for more than two months. ( Liu Guanguan/China News Service/VCG via Getty Images / Getty Images)
More than half (54.5%) of homes on the market last month had been listed for more than 60 days, with many deemed too expensive by would-be buyers. According to Redfin data, that is up 49.9% from a year ago, and is the highest share of stale inventory for a November since 2019.
The report said that the typical home that went under contract last month did so in 43 days, which is also the slowest November pace since 2019.
WANT TO BUY A HOME IN 2025? HERE’S WHERE MORTGAGE RATES WILL LAND
“A lot of listings on the market are either stale or uninhabitable. There’s a lot of inventory, but it doesn’t feel like enough,” said Meme Loggins, a Redfin Premier real estate agent in Portland, Oregon.
SERHANT. founder and ‘Owning Manhattan’ lead Ryan Serhant breaks down latest data around U.S. real estate, stating that fixing affordability begins with opening loan doors and freeing up federal land for home builds.
“I explain to sellers that their house will sit on the market if it’s not fairly priced,” Loggins said. “Homes that are priced well and in good condition are flying off the market in three to five days, but homes that are overpriced can sit for over three months.”
MORTGAGE RATES RISE FOR SECOND STRAIGHT WEEK, HIGHEST SINCE JULY
The data shows Texas and Florida have the highest rates of old listings on the market. Miami has the greatest share of homes on the market for longer than 60 days than any other major metro at 63.8%, followed by Austin, which has 62.4% of listings that have sat for more than two months without going under contract.
The affordability crisis has led to the majority of the homes on the market sitting unsold for more than 60 days. (Fox News)
The housing market saw a flurry of activity driven by high demand during the pandemic, but has become stagnant as soaring home prices and mortgage rates have led to an ongoing affordability crisis that has pushed homeownership out of reach for many Americans.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Housing costs repeatedly broke records in 2024, and a report from the National Association of Realtors’ (NAR) annual survey of buyers and sellers found the share of first-time homebuyers dropped from 32% in 2023 to 24% in 2024, the lowest share since NAR began collecting data in 1981.
FOX Business’ Lindsay Kornick contributed to this report.
Product Name: Crypto Nomad – Get Your Copy Today! - The Crypto Nomad Blog
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
Crypto Nomad – Get Your Copy Today! - The Crypto Nomad Blog is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
-
Reverse Mortgage10 months agoHow Reverse Loans Can Provide Financial Relief in Retirement
-
Mortgage Rates10 months agoComo puedo comprar una casa a crédito si no se nada?
-
Mortgage Rates10 months agoNiro Loan App 2024 || Niro App Se Loan Kaise Le || New Loan App Best Instant Loan App Without Cibi
-
Reverse Mortgage10 months agoThe Pros and Cons of Using a Reverse Mortgage for Retirement Planning
-
Reverse Mortgage10 months agoExploring the Myths and Realities of Reverse Mortgages for Seniors in 2024
-
USDA Mortgage8 months agoMaking Your Dream of Country Living a Reality: FMHA Rural Home Loans in Focus
-
Auto Loans5 months agoExperience the Joy of Driving with Honda’s Hassle-Free Car Finance Packages
-
Reverse Mortgage4 months agoThe Benefits of a HECM Loan for Seniors: Financial Freedom in Retirement