Verizon is reportedly close to a revised deal that cuts Yahoo’s price by about $250 million Verizon has tentatively reached a revised deal with Yahoo, according to Bloomberg. The deal cuts Yahoo’s price by about $250 million, according to the report. Verizon was said to have reconsidered the $4.8 billion deal in December after Yahoo
Loads of Americans are moving to these 10 cities Americans prefer to flock to the South when they want a change of scenery. The truck-rental company Penske found that Atlanta was again the top city that people moved to in 2016. Florida and Texas were the only two states that had multiple cities on the list.
Trump cheers stock market’s ‘longest winning streak in decades President Donald Trump took to Twitter on Thursday to praise the recent run up in stocks. “Stock market hits new high with longest winning streak in decades,” Trump tweeted. “Great level of confidence and optimism – even before tax plan rollout!” It is unclear what Trump is
Warning signs are piling up that the bull run in stocks is nearing an end If it feels like this bull market has been going on for a long time, that’s because it has. In fact, the current market rally, which has lasted 2002 trading days, is the longest one since the rally that preceded the 1929
Americans have $12.58 trillion of debt — here’s what it looks like Americans’ debt balances rose “substantially” in the final quarter of 2016, according to the Federal Reserve Bank of New York. Household debt totaled $12.58 trillion as of December 31, 2016, according to the New York Fed’s latest quarterly report on credit. Total debt
America’s affordable housing crisis… The affordable-housing crunch worsened last year. In the final quarter of last year, Americans spent the highest share of their incomes on mortgage payments since 2010, according to real estate company Zillow. The economy’s improvement after the housing crash generated new buyer demand for housing, even though the homeownership rateremained historically low. Simultaneously,
New housing construction beats forecasts in January New residential construction in the US was more robust than expected in January according to the Census Bureau, even as builders continued to face labor and land shortages. Housing starts fell by 2.6%, but at a higher-than-forecast seasonally adjusted annual rate of 1.246 million. Starts for December were revised up to
Frontier And DirecTV Subs See Service Disruptions From Retrans Disputes UPDATE. 1:55 PM: Frontier Communications subscribers may have to live without Sinclair Broadcasting stations and the Tennis Channel for a while — maybe a long while. “There are no negotiations going on, and I have no expectations for any future negotiations,” Sinclair EVP of Distribution and
Home prices in the Hamptons are collapsing At least three brokerage reports showed that home prices in the Hamptons plunged in the fourth quarter of last year. The luxury-real-estate company Brown Harris Stevens said prices fell 23.1%, to $1.87 million, year-over-year. The Corcoran Group put the decline in the South Fork’s median price at 11%.
Ford is canceling plans to build a new plant in Mexico Ford (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment being created by Donald Trump. However, he stressed Ford did not do any sort of special deal with the president-elect. “We didn’t cut a deal with Trump.