Housing demand sees biggest drop in more than 2 years

Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles......»»

Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating U.S.-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply......»»

Housing demand has been very strong, thanks to an improving economy, but red-hot home prices, combined with higher mortgage rates, are finally taking their toll on affordability and demand. .....»»

U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, which could bolster some economists' predictions for a brief period of deflation as the novel coronavirus depresses demand......»»

Toyota Motor Corp on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles......»»

Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies......»»

Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand......»»

Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years during the previous session after Libya said it would resume oil exports and U.S.-China trade tensions raised demand concerns......»»

NASDAQ Composite (.IXIC) sees biggest loss in 2 years U.S. stocks plunged to their worst loss in eight months on Wednesday as technology companies continued to drop. The Dow Jones Industr.....»»

There was some hope for a rebound in US housing indicators, after the recent existing home sal.....»»

After nearly seven years, a local computer store has packed up its keyboards and relocated to a smaller facility, a response to the increased demand for cybersecurity services and a reduced need for physical repairs......»»

US Housing Starts Collapsed In March - Biggest Drop Since COVID Lockdowns The roller-coaster ride in housing permits, starts, and completions in the last few months is set to continue today... and 'surprise' they did. After a big (+10.7%) .....»»

Huge demand and years of underbuilding dragged supply to record lows. Mille.....»»

U.S. Treasury yields fell on Monday, after an indicator of factory activity showed the blistering growth in manufacturing may be starting to slow down......»»

Goldman Goes All-In Commodities,.....»»

Hotel and airline industry will begin to bounce back by second half of 2021, according to the chief executive of InterContinental Hotels......»»

After suffering its biggest quarterly loss since 2016, gold stands as one of the few commodities trading lower this year, but prices still have room to run higher even if the global economy continues to recover and the pandemic moves closer to an end......»»

The world’s largest oil exporter saw net income drop sharply last year, reflecting turmoil in oil markets amid the pandemic. read more.....»»

Oil Crashes Most Since December As Inventories Jump, Demand Hope Fades Update (1240ET): The plunge in oil prices has accelerated with WTI now down 5%, the biggest intraday drop since December... We're gonna need m.....»»

Copper prices score their largest monthly gain in over four years on Friday, as traders bet that a recovery in the pandemic-hit global economy will lead to a significant rise in demand for the industrial metal......»»