Pending home sales plunged in April
Rising interest rates led to a 7.7% drop in pending home sales in April, according to new data released Thursday. Home sales have fallen in all four regions of the U.S., according to recent statistics from the National Association of Realtors (NAR). The association pointed to a decline in the Pending Home Sales Index (PHSI), […]
Cracker Barrel to raise prices after sales drop, CEO admits chain ‘not as relevant’
Cracker Barrel announced it plans to raise menu prices despite reporting a decline in third-quarter restaurant revenue, after the Southern-themed restaurant chain’s CEO acknowledged last week that menu prices “are not as important as they used to be.” Cracker Barrel is the latest company struggling to turn a profit in times of continued inflation. The […]
Kohl’s shares tumble after retailer reports sales slump, lowers forecast
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. Kohl’s shares plunged as much as 25 percent on Thursday after the retail giant reported an unexpected first-quarter loss and lowered its full-year earnings forecast. The department store chain reported a 5.3% drop in net […]
Pending home sales plunge to lowest level since pandemic began
The number of U.S. home purchase contracts closing fell by the most in three years in April, with overall activity levels at their lowest since the COVID-19 pandemic began in the spring of 2020, as high interest rates continue to restrain the housing market, the National Association of Realtors said Thursday. NAR is Pending Home […]
Orange wine: why sales of the seductive new taste of summer are soaring | Wine
ohOn an early summer evening, customers gather at the bar. orange Wines in a variety of hues, from light gold to deep amber, are available by the glass: Sicilian Cataratto with its ripe yellow fruit aromas and salty flavors, juicy and sparkling Slovakian Pinot Gris, or a minerally blend of indigenous grapes from Italy’s Lazio […]
Home sales drop in April amid high mortgage rates and rising prices
High mortgage rates and rising prices continued to put a damper on the spring home-buying season last month. Existing home sales in April fell 1.9 percent to a seasonally adjusted annual rate of 4.14 million, from a revised 4.22 million in March, the National Association of Realtors said Wednesday. Sales were down nationwide, with declines […]
This is How Much the Federal Government Makes from Gun Sales in Arizona
America’s gun industry is booming. Over 11.3 million firearms were manufactured in the United States in 2020, more than double the 5.6 million produced in 2010, and nearly triple the 3.9 million guns manufactured in 2000, according to the Bureau of Alcohol, Tobacco, Firearms, and Explosives. Surging demand for firearms has been a boon not […]
Home Sales Fell Again in April After High Mortgage Rates Damped Activity
“The Big Money Show” features Madison Ventures Managing Director Mitch Rochelle breaking down the housing market and highlighting some of the best places to live outside of big cities. Home sales fell for a second straight month in April as high mortgage rates and near-record home prices continue to stifle a thriving market. Existing home […]
Nvidia shares jump after AI chip maker unveils stock split, rosy sales forecast
Nvidia on Wednesday forecast better-than-expected second-quarter sales and announced a 10-for-1 forward stock split, impressing AI optimism on investors who have already tripled the chipmaker’s market value over the past year. Shares of the Santa Clara, California-based company rose 4 percent after the bell, to nearly $974. Shares of leading AI companies are up more […]
Existing Home Sales Fall Amid Skyrocketing Prices and High Mortgage Rates
Sales of existing homes in the U.S. fell sharply in April as prospective buyers struggled with the prohibitively expensive housing market. The National Association of Realtors (NAR) announced Wednesday that home sales fell 1.9% in April to an annualized rate of 4.14 million units. The figure, which represents the number of homes that would be […]