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As stock prices pause in their nearly two-month push to higher records this week, bearish strategists are passing on the temptation to raise S&P 500 targets, citing a lack of support from fundamentals.
On Friday Yahoo announced a press event for Monday in New York, where Tumblr is based.
Yahoo has been on an acquisition streak under CEO Marissa Mayer as part of the company's efforts to reach a younger, more mobile audience.
Image-intensive social media platform Tumblr — popular among a younger crowd — would align with that strategy.
Until now, Yahoo's deals have been mostly with smaller startups. In March, it announced it was scooping up social recommendation site Jybe and mobile news reader Summly, run by 17-year-old Nick D'Aloisio. It then said it would shut down Summly and incorporate it into existing Yahoo products.
Among its most recent announcements, mobile games developer Loki Studios this month said it would be coming into the Yahoo fold.
Mayer spoke briefly to USA TODAY late Friday after accepting an innovation award at a fundraiser in San Francisco for disadvantaged students.
"We're focused on building the service (with acquisitions) and enriching the customer experience," said Mayer, who added she will be at the New York event.
Yahoo stock dipped 0.23%, to $26.52, in trading Friday.
In a UsaToday.com article, about the recent rise of interest rates, gas prices, and property taxes it is becoming very difficult for many to afford home in this market. The article also includes a chart Risk of price declines in the top 50 markets where you will see Nassau and Suffolk County are ranked #2.
By Noelle Knox, USA TODAY
Rising interest rates on top of higher gas prices and property taxes are making it even harder to afford a home and putting the brakes on the nation's hottest housing markets.
In the latest evidence, the National Association of Realtors said Tuesday that sales of existing homes fell 6% from January to May. The median priced home in May cost $230,000, up 6% from last year.
"The one thing that's changing my forecast is the Federal Reserve," said David Lereah., chief economist for the NAR, who said he now expects home sales to decline as much as 8% this year.
"The market is expecting several more interest rate hikes from the Fed, and that could harm some of our nation's cooling housing markets. There are a handful of markets that are vulnerable to interest rate hikes," he said. To read the entire article please click here
Here's another article about the changing Housing Market. This one is courtesy of USATODAY. The article by Matt Krantz talks about how the home builder's stocks have taken a turn in the wrong direction. Five of the sectors leading stocks are among the 20 worst performers in the S&P 500.
Here is the article
(June 27) - Stories of weakening demand for condos in Florida and homes across the nation have economists calling for the housing market to cool off after its long hot streak. The stock market, though, is saying it could be headed for a deep freeze.
Home builders' stocks have turned into Wall Street's version of the money pit this year as rising interest rates cause home buyers to pull back or hold out for discounts and other incentives.
Nowhere is the shift more evident than on Wall Street: Less than a year after being some of the hottest tickets for investors, five of the sector's leading stocks are among the 20 worst performers in the Standard & Poor's 500 index.
That's even after news of a surprisingly big jump in new-home sales last month sparked a rally in home builders' stocks Monday.
If you are currently renting or getting ready to get a place on your own you will find this article very interesting. According to a recent USATODAY.com Article apartment rents are expected to increase 5.3% this year which nearly doubles last year's increase.
So what are the reasons for this? Well the article names 4: