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Englewood Cliffs, NJ
Joined February 2009
High mortgage rates and concern over the broader economy have taken their toll on the housing market, freezing sales for the last few months. Now those issues are having an impact on home prices and rents. The median U.S. home sale price fell for the first time in more than three years, according to a new report from Redfin, a real estate brokerage. The drop was just 0.1% year over year for the four weeks ending Oct. 25, but it follows three straight years of increases. Find more details: cnb.cx/4ivCZ5p
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The Bank of North Dakota is the country’s only state-owned bank. It has persisted as Great Plains politics has shifted from prairie progressivism to deep-red conservatism, and it now manages about $11 billion in assets while enjoying broad support from the state’s current political leaders. Read more: cnb.cx/4A5U0KI
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In Alphabet’s across-the-board earnings miss, one segment stood out above all else: search. Revenue in the search and other segment grew 12% from a year ago to roughly $63 billion, but came in below estimates for the second straight quarter. At the same time, Google said search query growth on the platform was the strongest it’s been in five years. More: cnb.cx/4A4qgxK
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The Federal Reserve voted Wednesday to keep benchmark interest rates on hold, opting to take a patient approach in its fight against inflation despite mounting evidence that price pressures are proving more nettlesome than policymakers had hoped. In a widely expected decision, the Federal Open Market Committee kept the overnight funds rate in a range between 3.75%-4%, where it has been since the central bank approved a quarter percentage point increase in September. Full details: cnb.cx/4BG7myT
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These stocks were the S&P 500, Nasdaq and Dow's top market movers for the day — October 29, 2026. 📈📉
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EARNINGS: Intel issued weaker-than-expected guidance for the fourth quarter, citing ongoing softness in the PC market. Here’s how the company did in the third quarter. cnb.cx/4e9hjL3
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