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Home prices surge to a near four-year high, Case-Shiller shows

“The Econoday consensus was for a 0.7% monthly increase in the 20-city seasonally adjusted index” writes Andrea Riquier for marketwatch.com. The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.5% and was up 6.3% compared to a year ago in February.The 20-city index rose a seasonally adjusted 0.8% and was 6.8% higher than a year ago.On Tuesday, the Federal Housing Finance Agency said its house price index rose 7.2% in the twelve months ending in February.The 6.8% annual gain in the closely-watched 20-city index was the strongest since mid-2014. Source:…

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American Express Q1 earnings surge 38%, beat expectations

“First quarter earnings climbed 38% year-over-year to $1.86 per share” reports alphastreet.com. Earnings of credit card service provider American Express Company (AXP) jumped in the first quarter and exceeded estimates as strong cardmember spending and loan growth pushed up revenues.Total revenues net of interest expenses advanced 12% to $9.7 billion, helped by strong cardmember spending and new card additions pursuant to the Hilton portfolio acquisition. Looking ahead, the company expects full-year 2018 revenues to rise 8% and forecasts earnings per share at the high end of its $6.90-$7.30 estimate. Source: alphastreet.com…

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AmEx profit tops estimates on customer spending surge

“FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the NYSE in New York Thomson Reuters (Reuters) – Credit card issuer American Express Co’s quarterly profit topped Wall Street forecasts as a strengthening U.S. economy contributed to higher customer spending” reports businessinsider.com. Shares of New York-based AmEx rose 3 percent in after-market trading on Wednesday. Source: businessinsider.com Share This:

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Surge in risky loans leaves global economy vulnerable to rate hikes, IMF warns

“Low interest rates and surging economic growth have stoked a boom in risky lending which could turn sour as interest rates rise, potentially derailing global growth” writes Tim Wallace for telegraph.co.uk. Even low-quality borrowers are able to issue bonds at very low interest rates, the International Monetary Fund said, leading to a spike in poorly-rated bond issuance.Loans to heavily indebted or even junk-grade borrowers have also shot up – $788bn (£554bn) of so-called leveraged loans were issued last year, smashing through the pre-crisis record of $762bn in 2007. The amount…

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News Stocks 

Stocks surge more than 1% after Netflix jumps on earnings

“Goldman Sachs reported better-than-expected earnings and revenue for the first quarter, boosted by a 38 percent jump in equities trading revenue” writes unknown author for cnbc.com. UnitedHealth shares rose 4 percent after it reported better-than-expected earnings and raised its outlook for 2018.Netflix was the biggest mover in the S&P 500 after reporting in-line quarterly earnings and higher-than-expected subscriber growth.”The fact that Netflix is reacting so well to earnings helps the market,” said Tom Martin, senior portfolio manager at Globalt. Source: cnbc.com Share This:

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News Regulators 

Dow is set to surge 200 points, Netflix jumps on earnings

“U.S. stock index futures rose sharply ahead of Tuesday’s open, as investors braced for a wave of fresh corporate earnings” writes unknown author for cnbc.com. Netflix was the biggest mover in the S&P 500 before the bell, rising nearly 7 percent after reporting in-line quarterly earnings and higher-than-expected subscriber growth.Johnson & Johnson, a Dow component, rose 0.8 percent in the premarket after the company reported better-than-expected quarterly earnings. Source: cnbc.com Share This:

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Dow transports extend surge to keep defying Dow Theory sell signal

“CHRW, +3.72% as the index continue to defy the Dow Theory sell signal that was triggered last week” writes Reporter Editor for marketwatch.com. Since the Dow Jones Industrial Average DJIA, +1.23% had closed below its February low on March 23, the widely followed century-old Dow Theory suggests a new downtrend has begun.The Dow Jones Transportation Average DJIA, +1.23% shot up 247 points, or 2.4%, led by surges in the shares of truckers J.B. Hunt Transport Services Inc.On Monday, the Dow transports are rallying for a third-straight session, and a fourth…

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Uber’s new driver app has real-time earnings, surge zones, and more

“The new app will start rolling out Tuesday and should get to every Uber driver over the next few months” writes Sasha Lekach for mashable.com. The app now features an earnings tracker with real-time earnings, a status bar with updates on higher-earning opportunities, and new notifications.With that in mind, Khosrowshahi said the company worked with drivers to create a beta version of a revamped driver app, putting in features drivers wanted.Uber CEO Dara Khosrowshahi took the stage at a livestreamed event for Uber drivers Tuesday to announce his first big…

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Markets News 

Dow set to surge more than 350 points at the open as China’s Xi alleviates trade war fears

“Nasdaq 100 and the S&P 500 futures also indicated a positive start to Tuesday’s session for their respective markets” writes unknown author for cnbc.com. Concerns over a potential trade war between the U.S. and China have been alleviated somewhat after Chinese President Xi Jinping discussed plans Tuesday to further open up the country’s economy, with measures including lowering import tariffs on autos, enforcing legal intellectual property of foreign groups and reducing duties on other consumer products. Source: cnbc.com Share This:

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Futures Markets News Stocks 

Gold’s surge builds on early-year advance as trade picture, stock selling hit broader market

“Gold futures rose sharply Monday as the dollar struggled then steadied and select stock indexes flirted with correction territory” writes Rachel Koning Beals for marketwatch.com. Gold futures fell 2.1% last week and ended around 0.3% lower for the month of March.Gold and the dollar often move inversely as strength or weakness in the dollar impacts gold’s appeal to investors using other currencies. Source: marketwatch.com Share This:

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