Lost Price

Sunday, November 13, 2022

JPMorgan Reveals Shock ‘Cascade’ Bitcoin Price Prediction After Stunning FTX Meltdown - Forbes

Friday, November 11, 2022

10 Things You Don't Have to Pay Full Price for This Weekend - The Cut

Photo-Illustration: by The Cut; Photos: Retailers

While many consider today (11/11) one of the luckiest days of the year, we’re just lucky enough to enjoy very good sales on this fine Friday. With Black Friday and Cyber Monday mere weeks away, retailers really just couldn’t wait for deals. Nordstrom, Saks, Shopbop, and ASOS are already getting started, so start scrolling and filling up your cart with gifts for yourself or someone else.

Until Monday, enjoy up to 70 percent off select items and an extra 30 percent off clearance in all categories, yes, all. Browse beauty deals, candles and fragrances, clothes, accessories, and home décor so you can gift mom, dad, friends, and everyone else. We also won’t judge if you decide to splurge on yourself instead. Might we suggest this perfectly oversize sweater?

Banana Republic Lunetta Cashmere Sweater Polo

Stock up on chic and affordable workwear for heading back to the office — or at least looking very nice on Zoom calls. Select sale styles are 50 percent off with an extra 20 percent off at checkout, so shop blazers, knitwear, and maybe even some wallet-friendly cashmere.

Ei8th Hour Satin Draped Slit Side Midi Dress in Green

In honor of Singles Day, ASOS encourages you to treat yourself with 25 percent off sitewide using the code XOXO. Get started on your holiday shopping with discounts on everything from clothing and beauty to accessories. Or just grab yourself something nice, like this jewel-toned satin dress that’s perfect for all the holiday parties on your calendar.

J.Crew should be your first stop for winter gear, even if it feels too early. With select items half off or up to 40 percent off with the code FRIENDS, you can add these cozy hiking boots to your cart and complete the look with their best-selling teddy sherpa coat.

We know it was almost 80 degrees this past weekend, but that’s not stopping us from shopping for sustainable knits and outwear — it does get pretty cold in most offices. Everlane has 20 percent off sweaters and outerwear. Shop chic sustainable knits, like this office-appropriate cardigan you can layer over dresses and tank tops.

If you aren’t thinking about winter at all, vacation essentials like beachy dresses and swim are 70 percent off at Shopbop. While we’d all like to be jetting off somewhere tropical and warm, realistically we’re pulling sweaters out of our closets, but don’t worry, there’s still knitwear, denim, and boots on sale. This cut-out midi seems like a happy medium between what we’d like to wear and what we should be wearing for the fall.

Coach Pillow Tabby 26 Leather Shoulder Bag

Clear out some space in your closet and your shelves for the deals at Saks Fifth Avenue. Select items are on sale, and with the code NOVGIFTSF, you can get a digital gift card with your purchase. Brands include Staud, Coach, Cinq à Sept, Stuart Weitzman, Cult Gaia, and more. If you’re looking for accessories, the beloved Coach Tabby bag is half off in this cherry red. Cookware from Staub and Le Creuset is also discounted, perfect for all your holiday cooking needs.

Now’s the time to finally try that cult-favorite snail-mucin essence you’ve heard so much about because Soko Glam is offering 30 percent off sitewide. That means all your favorite K-beauty brands and products are on sale, so you can save big on hydrating essences, exfoliating cleansers, cast-free sunscreen, and more.

To mark one year of Ariana Grande’s r.e.m. Beauty, the brand is offering 30 percent off sitewide with the code ANNIV30. Shop 60 shades of the multitasking concealer, frequently sold-out eye balm, and their best-selling long-wear eyeliner.

Spice up your Friendsgiving feasts with deals on best sellers from foodie favorite Fly by Jing. Sauces, dumplings, gift sets, and more are 25 percent off. Stock up on their bold, spicy Sichuan Chili Crisp, or grab a trio of spicy, savory sauces.

For more from the Cut Shop team, follow us on Instagram and Twitter, where we share our best new finds, favorite styling tricks, and more.

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Deals: First-Gen AirPods Pro With MagSafe Hit Best-Ever Price at $159 - MacRumors

Amazon today dropped the price of the 2021 AirPods Pro with MagSafe Charging Case to $159.00, down from its original price of $249.00. This is a match of the best price we've ever tracked on this model of the first-generation AirPods Pro.

airpods pro 1 candy canes Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.

This 2021 model of the AirPods Pro is the same as the 2019 model, but it comes with the MagSafe Charging Case. It's now an older generation device with the launch of the new AirPods Pro 2, but if you're looking to save a lot of money and are okay with owning an older pair of headphones, this is a great deal.

In regards to that new model, Amazon has the AirPods Pro 2 for $234.00 right now, down from $249.00. This is a second-best price on the newest model of the AirPods Pro.

Black Friday deals are starting to trickle out, and this AirPods Pro deal is just one of many that we've seen in the weeks before November 25. You can find more early Black Friday deals on Apple TV 4K, MagSafe, and iPad as well as massive savings on MacBook Pro and MacBook Air in our dedicated articles.

We're keeping track of all of the season's best Apple-related deals in our Black Friday roundup, so be sure to check back throughout the month for an updated list of all the most notable discounts you'll find for Black Friday 2022

Thursday, November 10, 2022

Home prices rose almost everywhere in the US this summer - CNN

In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over the summer, prices still rose in 98% of US markets, according to a new report.

From July through September, home prices increased in 181 out of 185 cities tracked by the National Association of Realtors. But the gains had slowed substantially as mortgage rates rose during that time. About half of cities (46%) saw double-digit increases from the year before, down from 80% of cities in the prior quarter.

“Much lower buying capacity has slowed home price growth and the trend will continue until mortgage rates stop rising,” said Lawrence Yun, NAR’s chief economist.

Yun said that because of strong price growth and rising mortgage rates, the median income needed to buy a typical home rose to $88,300 in the third quarter. That’s almost $40,000 more than it was prior to the start of the pandemic.

The average mortgage rate for a 30-year fixed-rate loan during the third quarter – from July to September – was lower than it is now, ranging between 4.99% and 6.70%, according to Freddie Mac. Rates are currently hovering above 7% and expected to go up further as the Federal Reserve continues to take action to rein in inflation.

Where prices rose the most

Prices grew in all parts of the country during the third quarter, but were up the most in the South, rising 11.9% in the third quarter from the year before, according to the report. Prices were up 8.2% in the Northeast, 7.4% in the West, and 6.6% in the Midwest.

Seven of the 10 cities with the biggest year-over-year price jumps were in Florida.

Sarasota, Florida, saw the biggest price jump in the third quarter, up 23.8% from a year earlier. It was followed by the Lakeland and Winter Haven area of Florida, up 21.2% from last year; Myrtle Beach, South Carolina, up by 21.1%; Panama City, Florida, up by 20.5%; and Daytona Beach, Florida, up by 19.6%.

The most expensive markets to buy a home were largely in the West, with half of the top 10 priciest cities in California.

San Jose, California, was the most expensive place to buy a home in the third quarter with the median price hitting $1,688,000, which was up 2.3% from a year before. It was followed by San Francisco, with a median price of $1,300,000; Anaheim, California, at $1,200,000; Honolulu, at $1,127,400; and San Diego, at $900,000.

“The more expensive markets on the West Coast will likely experience some price declines following this rapid price appreciation, which is the result of many years of limited home building,” Yun said. “The Midwest, with relatively affordable home prices, will likely continue to see price gains.”

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Consumer price index: Inflation up 7.7% in last 12 months - CNBC

Inflation went down faster than expected in October, dropping to a year-over-year rate of 7.7%, according to new Labor Bureau data published Thursday morning.

Inflation is down from its 9.1% June year-over-year peak, but still nowhere near the Federal Reserve's benchmark target rate of 2%.

Last month, prices for goods and services increased by 0.4%, which lines up with what big banks and economists were expecting. However, core inflation — which measures all items except volatile food and gas prices — came in lower than expected, with a 0.3% monthly increase. Many big banks expected core inflation to increase by 0.4% or 0.5%.

Despite beating expectations, inflation remains high, with the cost of necessities posting steady gains.

"The pervasiveness of price increases remains problematic," says Greg McBride, chief financial analyst at Bankrate. "In categories that are necessities — shelter, food, and energy — we continue to see large and consistent increases. Any meaningful relief for household budgets is still somewhere over the horizon."

The costs for gas, food and shelter continue to rise due to a variety of factors, including supply chain issues, labor disruptions and other events like the war in Ukraine.

Shelter accounts for over half of the overall monthly increase, rising 0.8% after steady gains of 0.7% in the two previous months. Energy prices surged in October with the price of gas up 4% and fuel oil surging 19.8% after declining the previous month.

Here's how much prices have increased over the past year for certain household goods and services, according to the Labor Department:

Airline fares: 42.9%
Gas: 17.5%
Bread: 14.8%
Electricity: 14.1%
Food at home: 12.4%
New vehicles: 8.4%
Food away from home: 8.6%
Used cars and trucks: 2%
Shelter: 6.9%
Medical care services: 5.4%
Apparel: 4.1%

Rate hikes will continue as long as inflation remains high

Even with inflation decreasing more than expected, continued interest hikes are expected going into 2023. The Federal Reserve uses interest rate hikes to discourage spending, but hikes also increase debt costs for consumers, which affects how much people pay for loans and financing.

But rate hikes don't affect prices right away. They have a lag effect that can last several months, if not years, based on who you ask. This might explain why inflation has hovered around 8% for most of the year, despite all the interest rate increases since March.

Most observers expect the Fed to implement a 0.5 percentage point hike when it meets in December. With better-than-expected inflation numbers this month, it's less likely that the Fed will implement its fifth consecutive "jumbo" hike of 0.75 percentage point since the Fed began raising rates in March.

Want to earn more and work less? Register for the free CNBC Make It: Your Money virtual event on Dec. 13 at 12 p.m. ET to learn from money masters like Kevin O'Leary how you can increase your earning power.

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Price increases slow as U.S. consumer inflation eases to 7.7 percent - PBS NewsHour

WASHINGTON (AP) — Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious.

Consumer inflation reached 7.7 percent in October from a year earlier and 0.4 percent from September, the Labor Department said Thursday. The year-over-year increase, a slowdown from 8.2 percent in September, was the smallest rise since January. Excluding volatile food and energy prices, “core” inflation rose 6.3 percent in the past 12 months and 0.3 percent from September.

The numbers were all lower than economists had expected.

From September to October, the prices of clothing, used cars and medical care all fell. Food price increases slowed. By contrast, energy prices rebounded last month after having declined in August and September.

Even with last month’s tentative easing of inflation, the Federal Reserve is widely expected to keep raising interest rates to try to stem persistently high price increases. But Thursday’s better-than-expected data raised the possibility that the Fed could decide to slow its rate hikes — a prospect that sent stock prices jumping immediately after the government issued the figures Thursday morning.

Many economists have warned that in continuing to tighten credit, the central bank is likely to cause a recession by next year. So far this year, the Fed has raised its benchmark interest rate six times in sizable increments, heightening the risk that prohibitively high borrowing rates — for mortgages, auto purchases and other high-cost expenses — will tip the world’s largest economy into recession.

Some economists suggested that the latest inflation data shows that the Fed’s hikes are beginning to achieve their goal.

“The data will be welcome news for the (Fed), finally showing some response in prices” to the rate hikes,” said Rubeela Farooqi, chief U.S. economist at High Frequency Economics.”

Inflation was near the top of many voters’ minds in the midterm congressional elections that ended Tuesday. Their economic anxieties contributed to the loss of Democratic seats in the House of Representatives, though Republicans failed to score the huge political gains that many had expected.

Even before the latest figures, inflation by some measures had begun to ease and could continue to do so in coming months. Most gauges of workers’ wages, for example, show that the robust pay increases of the past 18 months have leveled off and have begun to fall. Though worker pay is not a primary driver of higher prices, it can compound inflationary pressures if companies offset their higher labor costs by charging their customers more.

Except for automakers, which are still struggling to acquire the computer chips they need, supply chain disruptions have largely unsnarled. Shipping costs have dropped back to pre-pandemic levels. The backup of cargo ships off the port of Los Angeles and Long Beach has been cleared.

And as declines in new rents that have emerged in real-time measures from such sources as ApartmentList and Zillow begin to be captured in the government’s forthcoming measures, that factor should also reduce inflation.

Even as many fear that the economy will fall into recession next year, the nation’s job market has remained resilient. Employers have added a healthy average of 407,000 jobs a month, and the unemployment rate is just 3.7 percent, close to a half-century low. Job openings are still at historically high levels.

But the Fed’s rate hikes have inflicted severe damage on the American housing market. The average rate on a 30-year fixed mortgage has more than doubled over the past year, topping 7 percent before falling slightly last week. As a result, investment in housing collapsed in the July-September quarter, falling at a 26 percent annual rate.

Higher mortgage rates have depressed sales. Home prices are slowing sharply compared with a year ago and have begun to fall on a monthly basis. The cost of a new apartment lease is also declining.

AP Economics Writer Christopher Rugaber contributed to this report.

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EU executive to outline gas price 'correction mechanism' on Friday -sources - Reuters

BRUSSELS, Nov 10 (Reuters) - The European Commission will propose a gas price "correction mechanism" to the 27 EU states on Friday, a measure aimed at easing price spikes but not the firm cap sought by many countries, according to sources and documents seen by Reuters.

The European Union has been in a tug of war over a gas price cap, with a dozen-or-so member countries calling for various versions of such a measure to cut prices amid an acute energy crunch that is driving record-high inflation.

But Germany, the bloc's biggest economy, the Netherlands and the EU executive Commission say a cap would risk putting off suppliers and reduce incentives to bring down gas consumption.

The Commission told EU countries that a "comprehensive hard" cap on TTF, Europe's main natural gas futures market used as the benchmark price, would all but fail to lower prices while also drawing legal and supply risks, according to an EU diplomat.

"The risks outweigh the benefits," said the diplomat.

An EU official said the Commission - at a closed-door meeting with 27 national envoys starting at 0800 GMT on Friday - would outline thinking around a "market correction mechanism" instead, which would amount to "a price corridor" on TTF.

"You do not jeopardise the security of supply by putting a fixed price below the market as we are in global competition for LNG (liquefied natural gas)," said the official.

"You create a corridor for what the prices would be, hopefully reducing volatility," added the person.

'TEMPORARY INTERVENTION'

Countries including Poland and Belgium that have long campaigned for a tool to reduce runaway prices have been angered by the Commission's line, saying it falls short of the cap they want.

A second EU diplomat said the Commission's proposal amounted to a price deal between suppliers and their customers that would fall between TTF and cheaper LNG until the end of their contracts, an insurance against price swings for both sides.

"It's not a cap in the sense that it does not clearly lower the price. It just spreads it out over time. It's not enough for those wanting to clearly cut the price," said the diplomat.

The disagreement risks overshadowing a Nov. 24 meeting of EU energy ministers who otherwise hope to approve new policies to mitigate the energy crisis, including speeding up renewable energy permits, launching joint gas purchases in the EU and working out a new LNG price benchmark.

With the Commission's input, the diplomats on Friday will discuss a draft decision by the ministers, which was last updated on Nov. 8 and seen by Reuters on Thursday.

It said that "a targeted and temporary emergency intervention in the TTF spot prices may be needed in order to avoid excessive price episodes" after other measures fail.

"In order not to affect intra-EU flows which should continue to allow for natural gas to go where it is most needed, other (European) Union gas trading hubs may be linked to the corrected TTF spot price via a dynamic price corridor," it read.

Reporting by Gabriela Baczynska Editing by Susan Fenton and Mark Potter

Our Standards: The Thomson Reuters Trust Principles.

Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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Lost Price

Sunday, November 13, 2022

JPMorgan Reveals Shock ‘Cascade’ Bitcoin Price Prediction After Stunning FTX Meltdown - Forbes

Friday, November 11, 2022

10 Things You Don't Have to Pay Full Price for This Weekend - The Cut

Deals: First-Gen AirPods Pro With MagSafe Hit Best-Ever Price at $159 - MacRumors

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Thursday, November 10, 2022

Home prices rose almost everywhere in the US this summer - CNN

Where prices rose the most

Consumer price index: Inflation up 7.7% in last 12 months - CNBC

Rate hikes will continue as long as inflation remains high

Price increases slow as U.S. consumer inflation eases to 7.7 percent - PBS NewsHour

EU executive to outline gas price 'correction mechanism' on Friday -sources - Reuters

'TEMPORARY INTERVENTION'

Companies' reluctance to roll back price rises poses US inflation risk - Financial Times

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