Last fall nine million households on the East Coast lost power because of Superstorm Sandy, according to the U.S. Energy Department. And many of those households suffered outages lasting days or weeks rather than hours.
More good news about the housing market. CoreLogic Tuesday reported that home prices rose 12.1% from a year ago—the biggest year-over-year increase since February 2006 and the 14 th monthly increase in a row.
Markets rallied Monday morning on news of the so-called bail-in for Cyprus, but then fell more than 1% in afternoon trading after comments made by William Dudley, president of the Federal Reserve Bank of New York. Dudley said the Fed may eventually wind down its monthly $85 billion bond-buying program. “At some point, I expect that I will see sufficient evidence of economic momentum to cause me to favor gradually dialing back the pace of asset purchases,” Dudley told the Economic Club of New York
The relationship between the world’s great economic powers — the U.S., Europe and China — will be in transition in 2013, and changing political leadership is a big reason why, says Daniel Franklin, editor of The Economist magazine’s “The World in 2013.
As politicians, businessmen and ordinary citizens brace for spending cuts and tax hikes in the new year, a long-term Republican advisor says the U.S.
Follow The Daily Ticker on Facebook An entrepreneur by the name of George Lucas just cashed out of the company he founded and built: Lucasfilm . Unlike many entrepreneurs who build companies these days, George Lucas didn't raise any VC money. And that means he gets to keep the whole check Disney wrote for his company, which was for a not-inconsequential $4 billion
Millions of Americans set out to buy emergency supplies in the days ahead of Hurricane Sandy. Those buying essentials such as gas, food, water, batteries and generators expected to dip into their savings and spend more money than usual — but they did not expect to overpay
Yale University economist Robert Shiller believes housing might have seen the lowest point it will for some time, but the health of the job market will be the key factor in the future direction of home prices. Shiller offered his comments as a housing price measure he helped create, the Standard & Poor's/Case Shiller index , revealed that prices for homes in the U.S. rose 2% in August vs.
This week is going to be all about Hurricane Sandy and reports are already being written about the best ways to "play" the storm. But this too shall (hopefully) pass and the focus will soon return to the biggest issue facing investors: How to find yield in an ultra-low rate environment
In the accompanying interview, my colleague Aaron Task and I discuss Facebook's latest earnings report with Sterne Agee analyst Arvind Bhatia who estimates that Facebook could soon make $1 billion in revenue from mobile advertising. Follow The Daily Ticker on Facebook The first of three major "lock-ups" for Facebook stock expired today, October 29th, which means that a lot of new stock is available to be sold when the markets reopen