Yahoo Finance

Mortgage rates have risen 6 out of the 7 past weeks, further adding to housing market constraints. Zillow CEO Jeremy Wacksman says the market is facing two big challenges right now: Affordability and availability. More: https://lnkd.in/eU-kgA3V

Google has a lot at stake if the U.S. Department of Justice succeeds in breaking up its empire, from control over its search data and Android operating system to the loss of its Chrome browser. But the biggest threat the company faces is to a search business that is deeply woven into the technology ecosystem of its parent company Alphabet Inc.. Of the $307.3 billion in revenue Google made in 2023, $175 billion came solely from that ad-driven search engine business. The DOJ wants to impose dozens of limitations on the way that Google connects that engine with consumers. Other parts of Alphabet could also be affected. The DOJ also asked for the company to be prohibited from favoring its video subsidiary, YouTube, which is part of its YouTube Ads business unit. More: https://lnkd.in/ePAGrjXy

Ballooning home prices and rising interest rates have made many hopeful first-time homeowners feel like buying a home is still not attainable. According to the Property Brothers, a lack of housing supply is the greatest factor preventing people from buying. https://yhoo.it/3ZnzDZI

Coffee futures in New York climbed to the highest since 1997 on worries about crops in top growers, threatening to further raise costs for roasters and consumers. https://yhoo.it/3OrJUhl

Macy's delayed the release of its third quarter results until December 11 after an investigation found an employee hid $132 million to $154 million in shipping expenses from the department store. More: https://lnkd.in/eKC-iWy4

Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff. https://yhoo.it/3V9SmW4

While NVIDIA continues dominating the AI chip market, investors seek additional opportunities in the rapidly evolving sector. Nvidia shares continue to fluctuate since reporting third quarter earnings that beat estimates but ultimately did not outpace Wall Street's high expectations. Wedbush Securities managing director Matt Bryson says there's 'little risk' to Nvidia's growth story. More: https://lnkd.in/eB3cdaw4

Mortgage rates were little changed this week as financial markets reacted to President-elect Donald Trump’s slate of Cabinet picks. https://yhoo.it/49a2wfc

The case for #bitcoin $225,000: 💲 Low supply. 💰 Institutional investor influx. 🪙 A pro crypto #Trump administration. This was the hot topic on my Opening Bid podcast on Yahoo Finance with The Benchmark Company, LLC. analyst Mark Palmer. Mark makes some great points on the outlook for #crypto, and two of the industries most popular stocks: Michael Saylor led MicroStrategy and Mike Novogratz led Galaxy Digital. You a bitcoin buyer here? 📈 Yahoo Finance: https://lnkd.in/evDRgS2s 🎙️ Spotify: https://lnkd.in/e6D4R8pk 🎧 Apple Music: https://lnkd.in/eqyKVbwr 📺 YouTube: https://lnkd.in/eNV5deKi

The latest reading of the Federal Reserve's preferred inflation gauge showed price increases were were flat in October from the prior month, raising questions over whether progress in getting to the central bank's 2% goal has stalled. https://yhoo.it/4g7ZZ7K