Share to Twitter Share to Linkedin Topline Despite falling mortgage rates providing some relief to potential home buyers, mortgage applications fell to the lowest level since the turn of the century last week—providing fresh evidence that the housing market downturn may have room to run as some experts worry about how the collapse will damage the broader economy. Key Facts Mortgage applications fell 2.3% from one week earlier, according to the latest data from the Mortgage Bankers Association, pushing overall applications to the lowest level since 2000 even as rates on the popular 30-year fixed mortgage slipped to a two-month low of less than 5.5%. In a statement, MBA’s Joel Kan said home buying applications continue to suffer from “rapidly drying up” demand as mortgage rates remain about two percentage points higher than one year ago—driving up the cost of monthly mortgage payments and making homes the least affordable they’ve been in 33 … [Read more...] about Mortgage Demand Falls To New 22-Year Low As Housing Market Fuels Recession Fears
New coke how to buy
Embracer CEO eyes IP boost after buying ‘Lord of the Rings’
- A + A (Aug 18): Embracer Group AB, one of Europe’s biggest gaming firms, ramped up its acquisition pace after striking deals for six companies including the intellectual property rights for “The Lord of the Rings” Trilogy and “The Hobbit.” “Gaming is the best way to monetize IPs in the long term but not necessarily the most efficient way to create new IPs,” Embracer’s chief executive, Lars Wingefors, said in an interview following the group’s second-quarter report. The CEO says the acquisition of Middle-earth Enterprises “enables many companies within the group to work on IPs we control over the long term” and it will now join Embracer’s existing catalogue of more than 800 owned and controlled IPs. Gaming companies such as Embracer are increasingly focused on IP as a way to generate sales from the mass appeal of characters and stories that have already drawn big audiences. Embracer’s IP of JRR Tolkien’s famed trilogy also contains the film rights, giving them a … [Read more...] about Embracer CEO eyes IP boost after buying ‘Lord of the Rings’
The New ‘R and D’–and Why No Company Can Do Without It
Traditionally, business leaders have been known to spend small fortunes on research and development (R&D) , attempting to create the next great "hero" product that will put them over the top. A large part of the process consists of costly trials and tests and time-consuming focus groups--all in the name of R&D. In some cases, the uber-expensive patent process can drain most of your budget on just trying to protect your intellectual property. It's a lot of time and energy put into an effort even before the product goes to market, especially since there is no guarantee of a return. Traditional R&D often can't be avoided, but wouldn't it make sense to invest similar resources in something that already generates sales? For instance, a well-designed retail display can be one of the most effective marketing tools in a company's arsenal--but the key is investing significantly in front-end design to effectively showcase the brand and engage with customers. In other … [Read more...] about The New ‘R and D’–and Why No Company Can Do Without It
Going Back to School with Stock Market Fundamentals
Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals
Can You Have a Pension and a 401(k)?
You can have a pension and still contribute to a 401(k)—and an IRA—to take charge of your retirement. If you have a defined benefit pension plan at work, you have nothing to worry about, right? Maybe not. While pensions used to be a staple ingredient in the recipe of retirement planning, fewer companies today offer them. What's more, the benefits aren't as reliable as they used to be . Now is a good time to start thinking about where your pension fits into your overall plan for retirement. It’s dangerous to rely on any pension—even a generous one—to cover all your retirement needs. Key Takeaways A pension provides a fixed monthly benefit upon retirement for the rest of your life. 401(k)s and IRAs provide income in retirement, too. But the amount depends on how much you contribute and how well your investments perform. A good retirement strategy is to contribute to a variety of retirement investments, including 401(k)s and IRAs—even if you already have a pension. … [Read more...] about Can You Have a Pension and a 401(k)?
Activist shareholder’s plan to sell Bed Bath & Beyond stake fuels rout
- A + A TORONTO/NEW YORK (Aug 18): Five months after disclosing a stake in Bed Bath & Beyond Inc, activist shareholder Ryan Cohen wants out, sparking a sell-off in the shares of the home goods retailer. The Union, New Jersey-based company slumped as much as 29% to US$16.34 (RM73.10) on Thursday, in its biggest one-day drop since last September, after Cohen's RC Ventures said in a filing with the US Securities and Exchange Commission that it might sell as many as 7.78 million shares of Bed Bath & Beyond, along with some call options. Bed Bath & Beyond shares have been on a tumultuous ride this year with its stock soaring by the most on record when, in March, RC Ventures first disclosed a 9.8% stake in the retailer and asked it to consider a sale of the company. Since then, Cohen reached an agreement on the addition of three independent directors to the retailer's board and pushed for the exit of chief executive officer Mark Tritton. The company … [Read more...] about Activist shareholder’s plan to sell Bed Bath & Beyond stake fuels rout
U.S. retail traders pile back into options as meme-stock mania flares
Traders work under signage for GameStop Corp. (NYSE: GME) on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., Aug. 8, 2022. REUTERS/Andrew Kelly NEW YORK – Speculative options trading is on the rise again among individual investors alongside a rally in so-called meme stocks, reviving a trend that swept Wall Street last year but faded as markets turned volatile in 2022. Trading in single stock options – a popular vehicle for retail investors looking to place leveraged bets in hopes of outsized gains – has shot higher in recent weeks, with 10-day average daily trading volume at a more-than six-month high of nearly 25 million contracts, Trade Alert data showed. The rise in options trading comes amid wild rallies in the shares of companies popular with retail investors, led by Bed, Bath & Beyond, whose stock is up about 360 percent this month. More seasoned meme-stock names such as GameStop and AMC Entertainment have surged as well, … [Read more...] about U.S. retail traders pile back into options as meme-stock mania flares
‘Overwatch 2’ Account Merging And Cross-Progression Explained
Share to Twitter Share to Linkedin Believe it or not, we’re on the fast track to the release of Overwatch 2 . Ahead of the sequel’s launch on October 4 — and Blizzard moving all Overwatch players over to it — Team 4 has revealed an important piece of the puzzle: how account merging and cross-progression work. No matter what platform you play Overwatch 2 on, you’ll need a Battle.net account. When Overwatch 2 launches, you can merge your PC, PlayStation, Xbox and Nintendo Switch accounts and have one profile for all of them. This will allow you to access all the cosmetics (skins, voice lines and so on) you have unlocked across the connected accounts. You’ll also be able to share Overwatch 2 progress between platforms. For instance, if you play on both PC and Xbox, you’ll be able to level up your battle pass on each of them. MORE FROM FORBES Overwatch 2 Has A Battle Pass And Loot Boxes Are Being Removed As It Goes Free-To-Play By … [Read more...] about ‘Overwatch 2’ Account Merging And Cross-Progression Explained
Where To Visit A Familiar Training Location In ‘Fortnite’ For The ‘Dragon Ball’ Challenges
Share to Twitter Share to Linkedin The day has finally arrived. The big Fortnite and Dragon Ball Z crossover event has begun and it’s not just a handful of skins and items in the Item Shop. For the first time in quite a while, Epic Games is giving us a full-blown crossover event rather than just some licensed cosmetics for us to buy. The event includes some minor map changes, a whole bunch of new quests and free prizes to unlock, and some powerful new items to find and bring into battle. There are also new player duels and much more. But for the purposes of this guide, we’ll talk about one very specific quest you’ll need to complete in order to get the first cosmetic reward, a new Dragon Ball Z themed glider. The challenge is simple: “Visit a familiar training location.” This location is the iconic Kame House where you’ll also find Bulma. Definitely talk to her as she has some surprises to share with you. Here’s where to find the Kame … [Read more...] about Where To Visit A Familiar Training Location In ‘Fortnite’ For The ‘Dragon Ball’ Challenges
Plunging Home Sales Push Prices Down From Record Highs—Here’s What Experts Predict As Housing Market Turmoil Continues
Share to Twitter Share to Linkedin Topline Existing home sales fell for the sixth-straight month in July as rising affordability concerns sideline potential home buyers—and prices are finally starting to edge down from record highs amid the cooling demand, as experts project the next few months could be critical for the housing market. Key Facts Existing home sales slid 5.9% from June to a seasonally adjusted annual rate of 4.8 million in July, down from more than 6 million one year ago after widespread declines across the U.S., according to data released Thursday by the National Association of Realtors. In a statement, NAR chief economist Lawrence Yun said the ongoing decline in recent months reflects the impact of rising mortgage rates, which peaked at 6% in June and have driven up the cost of monthly payments on new mortgages by an average of hundreds of dollars each month. Amid the falling demand, the median existing home price fell … [Read more...] about Plunging Home Sales Push Prices Down From Record Highs—Here’s What Experts Predict As Housing Market Turmoil Continues