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February 27, 2021

december

Ad tech company PubMatic stock pops 10% in first earnings report after December IPO

CNBC
CNBC – For more and to sign up click here PubMatic signage on day of IPO at the Nasdaq Source: Nasdaq Ad tech company PubMatic, which launched an initial public offering in December, saw shares pop 10% Tuesday after posting fourth quarter revenue that beat estimates.  PubMatic runs a sell-side......

December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says

CNBC Real Estate
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020. In fact, they......

Japan’s December household spending falls as recovery stalls

Reuters
TOKYO (Reuters) – Japan’s household spending fell for the first time in three months in December, in a sign consumer sentiment was weakening even before the government called a state of emergency to control a new wave of the coronavirus in the country. FILE PHOTO: Shoppers wearing protective face masks,......

South Dakota is the only state to see lower unemployment in December 2020 compared to December 2019

WashingtonExaminer
USA TODAY – For more and to sign up click here South Dakota became the only state in the union to see lower unemployment in December 2020 than in December 2019. The state saw a 0.4% decrease in the unemployment rate, which in December 2020 stood at 3.0% compared to......

December pending home sales drop as buyers face record high prices and low supply

CNBC Real Estate
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Homebuyers signed fewer contracts to buy existing homes in December, as record high prices and record low supply stood in the way of......

Japan December household spending seen down on rising COVID-19 cases: Reuters poll

Reuters
FILE PHOTO: People walk at a shopping district in Tokyo, Japan, December 25, 2015. REUTERS/Thomas Peter TOKYO (Reuters) – Japanese household spending likely fell in December from a year earlier, a Reuters poll showed on Friday, the first such fall in three months and a worrying sign that a resurgence......

South Carolina unemployment ticks up to 4.6% in December

WashingtonExaminer
USA TODAY – For more and to sign up click here South Carolina’s unemployment rate ticked up slightly in December to 4.6%, according to a new report from the South Carolina Department of Employment and Workforce (DEW). “There’s no doubt that December 2020 was filled with uncertainty as the CARES......

China’s industrial profits extend growth in December amid brisk factory recovery

Reuters
BEIJING (Reuters) – Profits at China’s industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its COVID-19 slump. FILE PHOTO: A worker welds iron at his steel product shop in Seoul January 29, 2013. REUTERS/Kim Hong-Ji Profits surged......

Canada December unemployment rate revised to 8.8% – Statscan

Reuters
FILE PHOTO: A woman walks through the 2014 Spring National Job Fair and Training Expo in Toronto, April 3, 2014. REUTERS/Aaron Harris/File Photo OTTAWA (Reuters) – Canada’s unemployment rate in December was revised to 8.8% from 8.6% on Monday, while the net decline in jobs for the month was amended......

Existing home sales rise 0.7% in December — total 2020 sales were the highest since 2006

CNBC
CNBC – For more and to sign up click here A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pandemic-driven demand drove total 2020 home sales to the highest level since 2006.......

UK retail sales make weak recovery in December

Reuters
LONDON (Reuters) – British retail sales bounced back weakly in December as shops in England emerged from November’s four-week lockdown to slow the spread of COVID-19, while public borrowing this financial year hit a fresh record high. Retail sales volumes rose 0.3% in December versus economist expectations in a Reuters......

Dan Gilbert Sold His Jack Entertainment Casino Business In December

ClevelandScene
click to enlarge Dan Gilbert sold JACK Entertainment, his casino business that operated casinos in Cleveland and Detroit, to his now-former management team in December, the Cleveland Jewish News reported over the weekend. The major development was, for some reason, not announced publicly. Matthew Cullen, JACK Entertainment board chairman, confirmed......

China industrial output rises 7.3% year-on-year in December; retail sales miss forecast

Reuters
FILE PHOTO: Employees work on a drilling machine production line at a factory in Zhangjiakou, Hebei province, China November 14, 2018. REUTERS/Stringer BEIJING (Reuters) – China’s industrial output rose at a faster-than-expected rate of 7.3% in December from a year ago, data showed on Monday, expanding for the ninth straight......

Manhattan apartment rentals nearly doubled in December

CNBC Real Estate
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Manhattan apartment rentals nearly doubled in December, signaling a possible turnaround in the city’s struggling real estate market. The number of new......

U.S. consumer prices increase in December

Reuters
FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid WASHINGTON (Reuters) – U.S. consumer prices increased in December, with households paying more for gasoline, though underlying inflation remained tame as the economy battled a raging COVID-19 pandemic, which has weighed on......

India’s retail inflation eases in December, within RBI target

Reuters
By Manoj Kumar, Aftab Ahmed NEW DELHI (Reuters) – A fall in vegetable prices helped India’s retail inflation to ease in December to within the central bank’s 2% to 6% target range, although it’s unlikely to cut the policy repo rate soon, economists said. December’s annual retail inflation was 4.59%,......

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