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The Gazette in Medina, Ohio

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Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Jan 20, 2024

Page

11

Rates and prices push U S existing home sales to 30 year low

The National Association of Realtors reports 2023 existing home sales at 4.09 million, an 18.7 percent drop from 2022, the weakest since 1995. The median home price rose to 389800, while mortgage rates climbed to 7.79 percent by October, dampening buyers.

Los Angeles U.S National Association of Realtors NAR Lawrence Yun Treasury Federal Reserve Freddie Mac Lisa Sturtevant Bright Mls AmrcnBalAm CptWidGrincAm FdmdInvsAm GrfAmrcAm Incamrca m Invcamrca m NwPrspctvAm Wamtinvsam Baird AggrgateBdlasts Dodge & Cox Incl Dodge & Cox Stil Fidelity Fidelity BC Growth Fidelity Contrafund Fidelity Globalexusidx Fidelity Group PIMCO Schwab Sp500idx Vanguard 500IdxAdmil Vanguard BalldxAdmil Vanguard Vanguard GridxAdmrl Vanguard Intiteadmrl Vanguard Insidxins InsidxInsPlus SEC The Associated Press

Japan lands the Moon with SLIM probe in historic milestone

Japan becomes the fifth nation to reach the Moon as the SLIM lander makes a soft touch down near the lunar surface. Officials caution over pinpoint landing certainty and note the solar panel failure may limit activity. Rovers transmit data while battery life remains short.

Tokyo Japan Moon SLIM Earth Hitoshi Kuninaka Institute of Space and Astronautical Science Space Agency United States Soviet Union China India Kuninaka Japan Aerospace Exploration Agency Mission Control Hiroshi Yamakawa JAXA Yamakawa Lunar Masaki Fujimoto Smart Lander Sagamihara

Wayfair and Macy's announce large scale layoffs and store closures

Wayfair will cut about 1,650 jobs about 13 percent of global staff as it restructures to rebuild with modified leveling per Niraj Shah. Macy's plans layoffs about 2,350 employees a 3.5 percent reduction and will close five stores in Arlington Ballston Virginia San Leandro Hawaii Simi Valley Florida.

New York Wayfair Macy’s Niraj Shah Associated Press New York Company Arlington Virginia Ballston San Leandro California Bay Fair Lihue Hawaii Kukui Grove Simi Valley Simi Valley Town Center Tallahassee Florida Governor's Square Macy’s Inc

Wall Street returns to record heights on Friday

Wall Street climbed to new records as the S&P 500 rose 1.2 percent to 4,839.81 erasing early 2022 gains. The rally comes despite high inflation and fears of recession, with strong jobs data and steady growth keeping the market optimistic.

Wall Street New York Thelonious Monk Ingrid Bergman Federal Reserve Mak

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