Weekly mortgage applications drop 0.5%, but jumbo loans get cheaper
CNBC, 23 August at 14:02
Perhaps it is the August lull or the start of a more prolonged slowdown in the housing market, but both homeowners and homebuyers seem unimpressed by the lowest mortgage interest rates of the year. Total mortgage application volume barely moved last ...
Lowe's Trails Home Depot in Remodeling Boom Amid Profit Miss
Bloomberg, 23 August at 13:57
Lowe's Cos. has been benefiting from the multiyear rebound in remodeling, though not as much as bigger rival Home Depot Inc. Adjusted earnings were $1.57 a share last quarter, Mooresville, North Carolina-based Lowe's said Wednesday. Analysts ...
Lowe's earnings, sales miss Street estimates; shares fall 4%
CNBC, 23 August at 13:44
An employee secures the lid of a Valspar Corp. paint can for a customer inside a Lowe's store in Burbank, California. Lowe's reported second-quarter earnings and sales on Wednesday that fell short of analysts' expectations. The home improvement
NJ Transit train derails at NY Penn Station
NJ.com, 23 August at 13:41
NEW YORK -- An NJ Transit train with no passengers on board derailed at New York Penn Station early Wednesday, officials said. The derailment occurred on Track 4 around 5:15 a.m., according to 7ABC.com. No injuries were reported. Only the conductor ...
Euro zone August business growth keeps up solid pace
Reuters, 23 August at 13:07
(Reuters) - Euro zone business growth maintained a solid clip in August, driven by the best manufacturing performance in 6-1/2 years despite a strong euro, easily offsetting a mild slowdown in services growth, a key private sector survey showed on ...
FTSE 100 flat as WPP sinks
Reuters, 23 August at 13:05
LONDON, Aug 23 (Reuters) - Britain's blue chip index was little changed on Wednesday as a sharp fall for advertiser WPP was offset by gain in miners, which extended a strong run, and a buoyant health sector. The FTSE 100 was up 0.1 percent at 7,386.43 ...
FTSE 100 wobbles as WPP shares tumble
MarketWatch, 23 August at 12:39
U.K. stocks wavered Wednesday, as a falling pound buoyed exporters, but still struggled to offset a downbeat trend in European equities. The FTSE 100 UKX, -0.05% was last up 1 point at 7,382.59 after having opened in the red. The consumer services
Draghi Says Central Banks Must Be Open-Minded to Meet Challenges
Bloomberg, 23 August at 12:03
Mario Draghi said that while central-bank actions over the last decade have strengthened the global economy, it is important to be open-minded in readying for future developments. The most important market news of the day. Get our markets daily newsletter.
ECB faces gaps in understanding new realities: Draghi
Reuters, 23 August at 11:48
LINDAU, Germany (Reuters) - Unconventional monetary policy is a success, but gaps in understanding the relatively new tools remain, European Central Bank President Mario Draghi said on Wednesday, cautioning against hasty policy responses to the new ...
Media stocks weigh on European shares as WPP sinks
Reuters, 23 August at 11:48
LONDON (Reuters) - Unloved media stocks weighed on European markets on Wednesday, led lower by sharp declines in advertising giant WPP after it cut sales forecasts on weakening demand. Investors were keeping a close eye on monetary policy, a day ...
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