DALLAS, Feb. 2, 2022 /PRNewswire/ — NexPoint Real Estate Finance, Inc.(NYSE: NREF) (the “Company”) announced today the final income allocations of the Company’s 2021 dividend distributions on its common stock and preferred stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares (CUSIP #65342V101, NYSE Ticker: NREF)
Components may not sum to the totals due to rounding differences. The information above presents final income allocations.
The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state, and local income tax effects of these dividends.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NREF” primarily focused on originating, structuring and investing in first mortgage loans, mezzanine loans, preferred equity and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage backed securities. More information about NREF is available at https://nref.nexpoint.com.
OAKLAND, CALIF. — Functional soda model Olipop raised $30 million in a Series B funding round at a $200 million valuation.
Launched in 2018 by beverage business people Ben Goodwin and David Lester, Olipop is on a mission to disrupt the soda marketplace with its gut-helpful formulation and nostalgic flavors. Each and every can of Olipop incorporates 45 or fewer calories, no extra than 5 grams of natural sugars and 9 grams of prebiotic plant fiber, which is one-3rd of the daily advisable amount of money. Types incorporate classic cola, strawberry vanilla, classic root beer, cherry vanilla, ginger lemon and orange squeeze.
“Americans have loved soda for around 125 several years,” Mr. Goodwin said. “It has deep psychological and cultural resonance for individuals, and the classification has come to be intertwined with our day by day life. Our intention has always been to offer a product or service that can certainly occupy the space conventional soda has crammed when also contributing to consumers’ nicely-remaining.”
Olipop will earmark the Collection B funding to build new items, develop its team, tap into new marketing channels and develop its e-commerce and wholesale channels. The round was led by Monogram Capital Associates, which led the company’s $10 million Sequence A fundraise in 2020, with participation from movie star buyers Camila Cabello, Priyanka Chopra Jonas, Paul Klein, Patrick Schwarzenegger, Nick Jonas, Joe Jonas, Kevin Jonas, Mindy Kaling, Logic and Gwyneth Paltrow.
“These famous people and expertise will assistance us reframe shopper notion of soda within just American lifestyle,” Mr. Goodwin mentioned.
Also contributing to the round were Indra Nooyi, previous chief govt officer of PepsiCo Jay Livingston, main promoting officer at Shake Shack Anjula Acharia, founder of A-Sequence Administration & Investments Payal Kadakia, founder of ClassPass and Moj Mahdra, co-founder of Beautycon and returning early trader Rocana Venture Associates. Practically a dozen further small business and entertainment specialists also participated in the spherical, such as leaders at TikTok, Snapchat, Equinox, Summer time Fridays and far more.
“Today’s customers are significantly centered on lessen-sugar solutions that really don’t sacrifice taste and consist of useful positive aspects these types of as increased gut and immune health and fitness,” stated Jared Stein, a associate at Monogram who is signing up for Olipop’s board as portion of the $30 million fundraise. “We feel strongly in this mission and are energized to amplify our partnership to carry considerably-desired innovation and useful wellness added benefits to a conventional soda featuring that is so ripe in its want for improved-for-you options.”
Olipop is one of 7 emerging makes in the newly designedAlliance to Manage Abnormal Sugar. The group, which also features Enlightened, HighKey, Koia, Lemon Perfect, Super Coffee and A few Wishes, gives discount rates to consumers as incentives to cut down sugar consumption.
NEW DELHI (AP) — Indian Key Minister Narendra Modi’s federal government bundled hefty expending on roadways, airports and other infrastructure in an annual budget presented to Parliament on Tuesday, searching to spur expansion and enhance its reputation just forward of important condition elections.
The budget for the coming fiscal calendar year, which starts off on April 1, calls for $533 billion in spending, up from $477 billion in the current year, Finance Minister Nirmala Sitharaman said in presenting it to lawmakers.
“The overall economy has revealed resilience to appear out of the pandemic. We have to have to sustain the degree of expansion,” Sitharaman explained.
She mentioned the new infrastructure investments were portion of the government’s financial blueprint for the up coming 25 years.
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The finances would established the fiscal deficit at 6.4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of gross domestic item. It calls for paying out $2.7 billion on highway growth and $6.4 billion on housing for the weak. It consists of shelling out on new streets and airports and an emergency credit rating line assurance plan for small and medium-sized businesses.
India is Asia’s 3rd premier economies and is a person of the speediest increasing in the globe. Advancement is forecast at 9.2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} for the latest fiscal year soon after a 7.3{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} contraction the year just before, its worst performance in 40 a long time. The government has projected progress for the coming fiscal year at 8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} to 8.5{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}.
Climbing vaccination premiums served instill confidence in reopening companies just after a devastating wave of coronavirus infections swept by the place in the spring of 2021.
But although the overall economy has bounced again, several careers disappeared, with the unemployment amount climbing to 8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in December, in accordance to the feel tank Centre for Monitoring Indian Financial state. Town dwellers have been hit significantly tricky.
Men and women are having to the streets in protest.
Past week tens of thousands of people today shown in India’s poorest condition of Bihar, contending that the hiring course of action for 35,000 work opportunities with the railways, India’s most significant employer, was not transparent. Additional than 10 million men and women experienced utilized for the jobs. The using the services of was inevitably suspended just after protests turned violent.
Sitharaman also announced investments in organic farming and a exclusive fund to finance startups in agriculture. But the funds available no substantial stimulus program for farmers, a lot of of whom are disappointed with the Modi get together.
That could dent its prospective buyers in upcoming elections which pit Modi’s Hindu nationalist get together in opposition to an progressively assertive opposition, specially in Uttar Pradesh, the country’s most populous condition. Elections there and in the primary grain producer, Punjab, and 3 other states will commence on Feb. 10.
Farmers are an influential voting bloc in India, and most analysts imagine growing anger among farmers will help regional and caste-based mostly opposition candidates, specifically in Uttar Pradesh.
In November, Modi’s governing administration withdrew contentious proposed agricultural rules it had billed as needed reforms following months of protests by farmers.
That was viewed as a severe setback for Modi, but resentment has not subsided and farmers are demanding that the federal authorities enact laws furnishing least assist charges for many crops.
Sitharaman mentioned weather action is a key govt precedence, promising much more expending on electric powered mobility and solar electricity.
She reported 400 electricity-efficient trains will be produced around the future three yrs as element of India’s aim to turn into power unbiased by 2047.
The budget laid out other initiatives, these as a Electronic Rupee to be issued by the Reserve Bank of India applying blockchain technologies. The govt also will keep spectrum auctions for 5G cell companies in the coming fiscal 12 months.
The spending budget also contains a proposed 30{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} tax on earnings from cryptocurrencies.
It is bound to be enacted because Modi’s celebration retains a strong the vast majority. But India’s opposition parties mentioned it fails to adequately tackle inflation and unemployment.
The main opposition Congress party spokesperson Randeep Surjewala dubbed it as a “nothing spending plan.”
“The pockets of the poor, salaried course, middle class, farmers experienced been empty, but there is nothing at all for them in the price range. The hopes of the youth are damaged but there is almost nothing for them possibly,” Surjewala claimed in a tweet.
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Caterpillar’s income surged in the remaining quarter of the yr despite ongoing disruptions in the global provide chain that have hit practically each and every sector of the economy.
Executives explained Friday that demand from customers for development tools continues to be elevated, but offer troubles and cooling building in China depressed the company’s inventory.
Product sales climbed 23{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} to $13.8 billion topping Wall Avenue anticipations for $13.36 billion, according to a study of industry analysts by Zacks Financial investment Exploration forecast.
Construction field gross sales rose 27{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, driven by an advancement in supplier inventories, better end-consumer desire and enhanced prices.
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Income in the source industries section also climbed 27{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} on higher stop-consumer demand for devices and aftermarket elements, and bigger selling prices. Conclusion-user need was larger in mining and significant development.
The U.S. economic system grew past yr at the swiftest speed because Ronald Reagan’s presidency. The nation’s gross domestic item — its complete output of merchandise and products and services — expanded 5.7{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in 2021. It was the strongest calendar-calendar year expansion because a 7.2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} surge in 1984 following a former recession. That accelerated toward the stop of the 12 months, with advancement hitting an unexpectedly brisk 6.9{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} yearly speed from October via December, the Commerce Division documented Thursday.
That growth, fueled by the emergence of the U.S. from a pandemic induced recession, has tightened offer in all places, such as for Caterpillar.
“Dealer inventories are typically in close proximity to the very low end of the regular range owing to potent purchaser need and our source chain worries. At this time availability is prolonged for some products and solutions thanks to the shortage of semiconductors and other components,” mentioned CEO Jim Umpleby in a conference connect with Friday. “With the exception of China, close person desire for our devices continues to be sturdy.”
“Amid ongoing offer chain constraints, our group proceeds to execute our system for lengthy-term lucrative progress whilst striving to meet up with shopper demand,”
But the pandemic has produced other enormous shifts, such as a migration to larger sized houses that could accommodate people working, or heading to school, from household.
Sales of new single family residences rose in December to their highest amount in 10 months. The boost put the seasonally adjusted once-a-year sales speed to 811,000 for the month, according to the Commerce Section on Wednesday, an 11.9{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} raise in excess of November’s determine, which was revised down to 725,000 from 744,000.
In that setting, need for Caterpillar’s yellow-and-black equipment has surged.
For the a few months finished Dec. 31, Caterpillar Inc. gained $2.12 billion, or $3.91 per share. Stripping out selected goods, earnings ended up $2.69 per share, much exceeding Wall Street’s for each-share expectations of $2.23.
A 12 months previously the Deerfield, Illinois, enterprise acquired $780 million, or $1.42 per share.
Income for the entire yr jumped 22{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, to $51 billion. Caterpillar’s full yr gain much more than doubled to $6.49 billion, or $11.83 per share. Modified earnings have been $10.81 per share.
U.S. stocks staged another resurgence Tuesday but closed lower despite a momentous clawback from losses in midday trading as investors anticipate clues from the Federal Reserve’s policy-setting meeting on how quickly the central bank may move to tighten monetary conditions.
[Click here to read what’s moving markets heading into Wednesday, January 26]
The Dow Jones Industrial Average saw another massive rebound, recovering a drop of more than 800 points to end just 0.19{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} below its flatline at 34,297.67. The S&P 500 ticked up from session lows but also closed in negative territory, down 1.22{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, while the Nasdaq remained deep in the red, rounding the day out 2.28{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} lower.
“The market is exhibiting withdrawal symptoms as it is dealing with the possibility of the removal of the Fed put,” Anu Gaggar, global investment strategist for Commonwealth Financial Network said in a note. “It almost feels like the market is behaving a little incoherently, not knowing which way to go – go down because the Fed is tightening or go up because the Fed is finally acting to rein in inflation and is loading up on ammunitions while economic growth remains strong.”
The downward momentum in equities has been fueled by escalating central bank worries as the Federal Reserve looks to intervene on rising inflation levels more aggressively than previously anticipated with tighter policy and rate hikes. Investors are bracing for a new monetary statement and press conference with Fed Chair Jerome Powell on Wednesday following the FOMC’s January monetary policy meeting. Although the policymakers signaled they would raise interest rates multiple times this year, an increase is not expected this week.
“The Fed tightening monetary policy is not a great backdrop for equities,” Brian Levitt, Invesco global market strategist for North America, told Yahoo Finance. “It doesn’t mean we run for the woods. It doesn’t mean that the business or market cycles are over. It’s just investors should expect some volatility.”
MJP Wealth Advisors President Brian Vendig told Yahoo Finance Live the Federal Reserve is in a “tight spot.”
“They know history has shown that if they move too quickly on interest rates, it adds to the risk of moving the economy into a slowdown and the risk of a recession.”
The CBOE volatility index, or VIX, closed Tuesday at about TK after crossing above 37 on Monday, its highest level since November 2020. In their newsletter, Nicholas Colas and Jessica Rabe of DataTrek Research sounded the alarm on recent jumps by the so-called “fear gauge.” The VIX closed last week’s trading at 29 to pass the initial 28 level DataTrek deemed significant, or “the first statistically valid level of market panic.” On Tuesday, the VIX hovered near 36, the next level the firm said to watch for.
“If you are trading this market, we continue to advise caution,” the DataTrek founders said. “Clarity on Fed policy will not come until Wednesday’s FOMC meeting, and even then, commentary from the Fed and Chair Powell may be insufficient to calm investors.”
With corporate earnings underway, stock watchers looking to fourth-quarter reports for relief from inflation jitters have found little reason for optimism so far. Goldman Sachs chief U.S. equity strategist David Kostin pointed out that of 64 S&P 500 companies that have reported results since the season began, a slightly below average 52{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} have beaten analyst consensus earnings estimates.
More concerning, according to Goldman, is a lack of guidance from companies amid unpredictable inflation and COVID-related conditions.
“Investors are most interested in forward-looking guidance from management, and recent information on that front has been concerning,” Kostin said. “Five of the six S&P 500 firms that provided formal 1Q 2022 guidance following 4Q results lowered expectations.”
LPL Financial equity strategist Jeff Buchbinder had a more upbeat take: pointing out that despite supply chain disruptions, wage and other cost pressures, and the Omicron COVID-19 variant, with the S&P 500 constituents that reported so far, index earnings are still tracking to 5{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} upside, in line with the long-term historical average.
“The volatility we’ve seen this year is uncomfortable, but it is well within the range of normal based on history,” Buchbinder wrote in a note.
“The S&P 500 has averaged three pullbacks of 5{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or more per year and one correction of at least 10{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} per year over its long history,” he said. “After just one 5{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} dip last year, and huge gains off the 2020 lows, we were due for a dip.”
4:15 p.m. ET: Microsoft beats estimates on earnings and revenue
Microsoft (MSFT) reported fiscal Q2 earnings after the closing bell on Tuesday that surpassed expectations on the top and bottom lines.
Revenue came in at $51.7 billion, compared to the $50.9 billion forecasted in Bloomberg consensus estimates, with its cloud services revenue jumping 46{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The software giant also reported earnings per share of $2.48 versus $2.31 expected.
The announcement comes just a week after the Redmond, Washington-based company made headlines with news that it will acquire troubled gaming behemoth Activision Blizzard (ATVI) for $68.7 billion.
Shares of Microsoft were down 3.15{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in post-market trading to $279.40 a piece as of 4:13 p.m. ET.
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4:00 p.m. ET: Stocks close in the red despite stunning reversal from session lows
Here were the main moves in markets at close following another turbulent day:
S&P 500 (^GSPC): -53.68 (-1.22{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,356.45
Dow (^DJI): -67.76 (-0.20{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 34,296.74
Nasdaq (^IXIC): -315.83 (-2.28{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 13,539.29
Crude (CL=F): +$2.03 (+2.44{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $85.34 a barrel
Gold (GC=F): +$6.30 (+0.34{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,848.00 per ounce
10-year Treasury (^TNX): +4.8 bps to yield 1.7830{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
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2:22 p.m. ET: Markets claw back from losses heading into close
Here’s how U.S. stocks fared during afternoon trading in another whipsaw session:
S&P 500 (^GSPC): -18.96 (-0.43{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,391.17
Dow (^DJI): +66.26 (+0.19{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 34,430.76
Nasdaq (^IXIC): -148.88 (-1.07{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 13,706.25
Crude (CL=F): +$1.84 (+2.21{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $85.15 a barrel
Gold (GC=F): +$11.30 (+0.61{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,853.00 per ounce
10-year Treasury (^TNX): +4.1 bps to yield 1.7760{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
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1:25 p.m. ET: Coinbase shares plunge to record low
Shares of U.S. crypto exchange platform Coinbase (COIN) fell to their lowest price ever, deepening losses as the rout in tech stocks intensifies.
The drop comes following a warning from Mizuho Bank of a potential sales miss by the company in first quarter.
Coinbase (COIN) was down 3.68{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} to trade at $184.43 per share as of 1:25 p.m. ET.
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12:04 p.m. ET: Stocks continue to falter as Federal Reserve meeting gets underway
Here were the main moves in markets in midday trading as of 12:04 p.m. ET:
S&P 500 (^GSPC): -95.04 (-2.16{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,315.09
Dow (^DJI): -456.95 (-1.33{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 33,907.55
Nasdaq (^IXIC): -406.32 (-2.93{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 13,448.81
Crude (CL=F): +$1.77 (+2.12{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $85.08 a barrel
Gold (GC=F): +$7.10 (+0.39{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,848.80 per ounce
10-year Treasury (^TNX): +2.7 bps to yield 1.7620{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
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10:43 a.m. ET: Consumer confidence slips, while spending conditions hold strength
U.S. consumer confidence dipped slightly in January, but more consumers reported plans to purchase homes, automobiles and other big-ticket items despite waining optimism around macroeconomic conditions in the near term.
The Conference Board reported its consumer confidence index ebbed to a reading of 113.8 this month from a slightly downwardly revised 115.2 in December. Economists forecasted the index declining to 111.1 from the previously reported reading of 115.8 in December, according to Bloomberg consensus estimates.
“The Present Situation Index improved, suggesting the economy entered the new year on solid footing,” the Conference Board’s senior director of economic indicators Lynn Franco said. “However, expectations about short-term growth prospects weakened, pointing to a likely moderation in growth during the first quarter of 2022.”
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9:55 a.m. ET: IMF cuts world growth forecast, citing Omicron’s impact
The International Monetary Fund lowered its economic forecasts for the United States, China and the global economy on Tuesday, indicating uncertainty about the pandemic, inflation, supply disruptions and U.S. monetary tightening have placed a dent in the agency’s outlook.
“Our expectation is that growth will slow — as it should — to prevent the economy from overheating any more, but it should be a fairly well-behaved transition down,” IMF Chief Economist Gita Gopinath told Yahoo Finance in an interview Tuesday.
In its updated World Economic Outlook report, the IMF now expects the global economy to grow by 4.4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in 2022, half a percentage point lower than its last round of forecasts in October.
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9:34 a.m. ET: Futures muted after turbulent trading session
Here were the main moves in markets at the start of the trading session:
S&P 500 (^GSPC): -66.22 (-1.50{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 4,343.91
Dow (^DJI): -364.86 (-1.06{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 33,999.64
Nasdaq (^IXIC): -236.63 (-1.71{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 13,618.50
Crude (CL=F): +$0.10 (+0.12{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $83.41 a barrel
Gold (GC=F): -$1.00 (-0.05{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,840.70 per ounce
10-year Treasury (^TNX): +1.4 bps to yield 1.7490{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
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9:07 a.m. ET: US home price growth slows for fourth straight month
Home price growth in the U.S. continued to moderate in the penultimate month of 2021.
Standard & Poor’s reported that its S&P CoreLogic Case-Shiller national home price index posted a 18.8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} annual gain in November, down from 19{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} from October. The 20-City Composite posted a 18.3{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} annual gain, down from 18.5{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} a month earlier. The 20-City results came in marginally higher than analysts’ expectations of an 18{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} annual gain, according to Bloomberg consensus estimates.
“Despite this deceleration, it’s important to remember that November’s 18.8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} gain was the sixth-highest reading in the 34 years covered by our data (the top five were the months immediately preceding November),” said Craig J. Lazzara, managing director and global head of index investment strategy at S&P DJI, in a statement.
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7:33 a.m. ET: Pfizer Inc and BioNTech commence research on Omicron-focused vax
Pfizer Inc (PFE) and BioNTech SE (BNTX) have began a clinical trial to test a new version of their COVID-19 vaccine specifically geared to target the Omicron variant, which has been reported to evade some of the protection provided by the original two-dose vaccine regimen.
Shares of Pfizer were down 2.37{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in early trading at $51.54 a piece, while BioNTech was up 2.36{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} to $150.98 per share.
The companies are expected to test the immune response offered by the new Omicron-based vaccine both as a three-shot regimen in unvaccinated people and as a booster shot for people who have already previously received two doses of the original vaccine.
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7:00 a.m. ET: Stock futures drop ahead of FOMC meeting
Here’s how futures tied to the S&P 500, Dow, and Nasdaq fared in early trading:
S&P 500 futures (ES=F): -56.25 points (-1.28{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 4,347.50
Dow futures (YM=F): -249.00 points (-0.73{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 34,004.00
Nasdaq futures (NQ=F): -246.00 points (-1.82{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 14,237.00
Crude (CL=F): +$0.21 (+0.25{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $83.52 a barrel
Gold (GC=F): -$3.90 (-0.21{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,837.80 per ounce
10-year Treasury (^TNX): 0.00 bps to yield 1.735{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
—
6:00 p.m. ET Monday: Futures muted after turbulent trading session
Here’s how contracts on Wall Street’s main indexes fared heading into the overnight session:
S&P 500 futures (ES=F): -2.50 points (-0.06{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 4,401.25
Dow futures (YM=F): +17.00 points (+0.05{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}), to 34,270.00
Nasdaq futures (NQ=F): -17.25 points (-0.12{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to 14,483.75
Crude (CL=F): +$0.76 (+0.91{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $84.07 a barrel
Gold (GC=F): +$1.80 (+0.10{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}) to $1,843.50 per ounce
10-year Treasury (^TNX): -0.7 bps to yield 1.750{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}
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Alexandra Semenova is a reporter for Yahoo Finance. Follow her on Twitter @alexandraandnyc
Read the latest financial and business news from Yahoo Finance
LONDON (AP) — Prime Minister Boris Johnson is bracing for the conclusions of an investigation into allegations of lockdown-breaching functions, a document that could help him conclusion months of scandal and discontent, or bring his time in business to an abrupt shut.
Senior civil servant Sue Gray could flip in her report to the govt as shortly as Wednesday. Johnson’s office has promised to publish its findings, and the primary minister will address Parliament about it before long just after.
Gray’s office wouldn’t comment on timing, and Overseas Secretary Liz Truss claimed the Conservative governing administration hadn’t still gained the report Wednesday early morning.
“I be expecting we will not have much extended to wait around,” she told the BBC.
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Truss explained she couldn’t warranty the authorities would publish the entire report, stating there could be “security troubles that suggest areas of it are problematic to publish. But we will completely publish the results of the report.”
Allegations that the primary minister and his staff members flouted constraints imposed on the state to control the unfold of the coronavirus have triggered public anger, led some Conservative lawmakers to simply call for Johnson’s resignation and induced extreme infighting inside the governing get together.
Wednesday’s headlines offered a lot more terrible information for Johnson, whose recognition in feeling polls has plunged amid the scandal. The Guardian’s front-site headline spoke of “PM’s peril,” when the left-leaning Day by day Mirror reported bluntly: “Number’s up, PM.” The correct-of-center Day-to-day Mail differed, declaring Britain: “A country that has misplaced all feeling of proportion.”
Johnson has urged his critics to wait for Gray’s conclusions, but his “wait and see” defense weakened Tuesday when police explained they had opened a legal investigation into some of the gatherings.
London’s Metropolitan Law enforcement drive explained “a variety of events” at Johnson’s Downing Avenue business office and other governing administration buildings met the force’s standards for investigating the “most really serious and flagrant” breaches of coronavirus policies.
Grey is investigating claims that government staff members held late-evening soirees, boozy parties and “wine time Fridays” although Britain was under coronavirus limitations in 2020 and 2021.
The “partygate” allegations have infuriated many in Britain, who were being barred from assembly with buddies and family for months in 2020 and 2021 to curb the distribute of COVID-19. Tens of hundreds of persons were fined by police for breaking the principles.
Johnson and his allies have tried out, without the need of significantly accomplishment, to calm a scandal that is consuming authorities energies that could be greater expended confronting the worldwide disaster above Russia’s military services construct-up in close proximity to Ukraine and a far-from-finished coronavirus pandemic.
Johnson has apologized for attending 1 party, a “bring your have booze” gathering in the back garden of his Downing Road places of work in May 2020, but claimed he had regarded the bash a perform accumulating that fell within just the principles
His place of work and supporters have also defended a June 2020 surprise birthday celebration for the prime minister within Downing Road.
Loyal lawmaker Conor Burns said Johnson failed to know about the gathering in advance.
“It was not a premeditated, organized party … He was, in a sense, ambushed with a cake,” Burns explained to Channel 4 News.
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