Breaking News
Dec 21, 2022
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Mortgage rates for standard loans with 20% down payment decreased 8 basis points to 6.34% in the week ended December 16, the MBA data showed.
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Existing home sales annual pace in November declined 7.7% to 4.09 million units from October, the NAR report showed today. Sales plunged 35.4% from a year ago and weakest since November 2010.
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European markets closed up between 1.5% and 2.0% on holiday sales and earnings improvement optimism.
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The S&P 500 and the Nasdaq Composite indexes closed up 1.5% and crude oil jumped nearly 3% to $78.30 a barrel.
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BlackBerry said fiscal third quarter revenue was flat at $169 million and net loss shrank to $4 million from $54 million and diluted loss per share fell to 9 cents from 10 cents a year ago.
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Carnival Corp said fiscal fourth quarter revenue surged three-fold to $3.8 billion and loss shrank to $1.6 billion from $2.5 billion and diluted loss per share fell to $1.27 from $2.31 a year ago.
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Nike said revenue in the fiscal second quarter increased 17% to $13.3 billion and net income was flat at $1.3 billion and diluted earnings per share increased to 85 cents from 84 cents a year ago.
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Toro said revenue in the fiscal fourth quarter increased 14% to $4.51 billion and net income rose 8% to $443.3 million from $409.9 million and diluted earnings per share rose 11% to $4.20.
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The Bank of Japan widened its 10-year bond yield range to between zero and 0.5% from zero and 0.25% after six years of loose monetary policy. The BoJ left its key lending rate at -0.1%.
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The Nikkei 225 index in Tokyo plunged 2.5% after the Bank of Japan left bond yield drift lower in an effort to smoothen bond market functioning. The yen soared 3%.
Dec 20, 2022