drop

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

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US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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GameStop reports lower revenue and sharp drop in cash

GameStop reports lower revenue and sharp drop in cash

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A screen displays GameStop’s logo and business information on the floor of the New York Stock Exchange (NYSE) on March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday that its sales in the third fiscal quarter fell and its cash flow fell sharply, as the bricks-and-mortar retailer worked to expand its digital presence. During …

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Mortgage rates drop for third straight week as inflation fears ease | CNN Business

Mortgage rates drop for third straight week as inflation fears ease | CNN Business

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Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

Mortgage rates drop for third straight week as inflation fears ease | CNN Business Read More »

Mortgage rates drop for third straight week as inflation fears ease | CNN Business

Mortgage rates drop for third straight week as inflation fears ease | CNN Business

Leave a Comment / Economy / By

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

Mortgage rates drop for third straight week as inflation fears ease | CNN Business Read More »

Live stock market news updates: Stocks drop on China COVID concerns, economic data

Live stock market news updates: Stocks drop on China COVID concerns, economic data

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U.S. stocks edged lower on Tuesday as Wall Street continued a slow start to the week as investors continued to watch China’s COVID policy and anticipate Federal Reserve Chairman Jerome Powell’s expected speech. The S&P 500 (^GSPC) fell 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was virtually …

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