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2021-06-14

Oo

Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What's going on?

2021-06-14

Nice

'CryptoPunk' NFT sells for $11.8 million at Sotheby's

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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623527460,"share":"https://ttm.financial/m/news/2143788716?lang=&edition=fundamental","pubTime":"2021-06-13 03:51","market":"us","language":"en","title":"Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What's going on?","url":"https://stock-news.laohu8.com/highlight/detail?id=2143788716","media":"Dow Jones","summary":"'The fact that rate movements don't appear to be tied to any specific data or developments makes it ","content":"<blockquote>\n 'The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward'.\n</blockquote>\n<p>Benchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers.</p>\n<p>The 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, down three basis points from the previous week, Freddie Mac (FMCC)reported .</p>\n<p>The 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.</p>\n<p>Generally speaking, mortgage rates move roughly in tandem with long-term bond yields, including the 10-year Treasury , and this past week was not an exception.</p>\n<p>\"The Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve's view that the current inflation is temporary and a patient monetary response continues to be warranted,\" said Danielle Hale, chief economist at Realtor.com.</p>\n<p>This week's mortgage rates report could also be a reflection of the monthly jobs data released last Friday, because May's employment figures came in below expectations.</p>\n<p>Other economists, though, argued that the movement in interest rates wasn't so logical. \"The downward shift in rates, and the bond yields that influence them, has been perplexing for markets as there was not an obvious reason for such a move to occur,\" said Matthew Speakman, an economist with <a href=\"https://laohu8.com/S/Z\">Zillow</a> <a href=\"https://laohu8.com/S/ZG\">$(ZG)$</a>(ZG). He argued that the May employment figures ought to have \"merely prevented a sharp upward move in rates, rather than stoking a meaningful downturn.\"</p>\n<p>The movement in interest rates could also reflect foreign buying of U.S. Treasurys, which would put downward pressure on rates. Either way, interest rates have yet to show significant increase in keeping with the rate of inflation seen throughout the economy, which reached a 13-year high , according to the latest numbers from the consumer price index. That new data could put some upward pressure on rates.</p>\n<p>\"The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward in the near term,\" Speakman said.</p>\n<p>Mortgage lenders, meanwhile, are growing more pessimistic about the market's outlook. A new survey from Fannie Mae (FNMA) found that 69% of lenders expect their profit margins to decrease in the next three months, which is a record.</p>\n<p>Mortgage applications have fallen, in part because of a decline in refinancing activity as rates have risen from their record lows. But there's also evidence that demand for loans to purchase homes has fallen, which could show that buyers are being worn down by the competitive market.</p>\n<p>\"Housing bubble and crash worries are common, even showing up in a record-low share of people saying it's a good time to buy a home,\" Hale said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What's going on?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMortgage rates fell over the past week, despite inflation hitting a 13-year high. What's going on?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-13 03:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 'The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward'.\n</blockquote>\n<p>Benchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers.</p>\n<p>The 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, down three basis points from the previous week, Freddie Mac (FMCC)reported .</p>\n<p>The 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.</p>\n<p>Generally speaking, mortgage rates move roughly in tandem with long-term bond yields, including the 10-year Treasury , and this past week was not an exception.</p>\n<p>\"The Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve's view that the current inflation is temporary and a patient monetary response continues to be warranted,\" said Danielle Hale, chief economist at Realtor.com.</p>\n<p>This week's mortgage rates report could also be a reflection of the monthly jobs data released last Friday, because May's employment figures came in below expectations.</p>\n<p>Other economists, though, argued that the movement in interest rates wasn't so logical. \"The downward shift in rates, and the bond yields that influence them, has been perplexing for markets as there was not an obvious reason for such a move to occur,\" said Matthew Speakman, an economist with <a href=\"https://laohu8.com/S/Z\">Zillow</a> <a href=\"https://laohu8.com/S/ZG\">$(ZG)$</a>(ZG). He argued that the May employment figures ought to have \"merely prevented a sharp upward move in rates, rather than stoking a meaningful downturn.\"</p>\n<p>The movement in interest rates could also reflect foreign buying of U.S. Treasurys, which would put downward pressure on rates. Either way, interest rates have yet to show significant increase in keeping with the rate of inflation seen throughout the economy, which reached a 13-year high , according to the latest numbers from the consumer price index. That new data could put some upward pressure on rates.</p>\n<p>\"The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward in the near term,\" Speakman said.</p>\n<p>Mortgage lenders, meanwhile, are growing more pessimistic about the market's outlook. A new survey from Fannie Mae (FNMA) found that 69% of lenders expect their profit margins to decrease in the next three months, which is a record.</p>\n<p>Mortgage applications have fallen, in part because of a decline in refinancing activity as rates have risen from their record lows. But there's also evidence that demand for loans to purchase homes has fallen, which could show that buyers are being worn down by the competitive market.</p>\n<p>\"Housing bubble and crash worries are common, even showing up in a record-low share of people saying it's a good time to buy a home,\" Hale said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZG":"Zillow Class A","FNMA":"房利美","Z":"Zillow","FMCC":"房地美"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143788716","content_text":"'The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward'.\n\nBenchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers.\nThe 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, down three basis points from the previous week, Freddie Mac (FMCC)reported .\nThe 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.\nGenerally speaking, mortgage rates move roughly in tandem with long-term bond yields, including the 10-year Treasury , and this past week was not an exception.\n\"The Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve's view that the current inflation is temporary and a patient monetary response continues to be warranted,\" said Danielle Hale, chief economist at Realtor.com.\nThis week's mortgage rates report could also be a reflection of the monthly jobs data released last Friday, because May's employment figures came in below expectations.\nOther economists, though, argued that the movement in interest rates wasn't so logical. \"The downward shift in rates, and the bond yields that influence them, has been perplexing for markets as there was not an obvious reason for such a move to occur,\" said Matthew Speakman, an economist with Zillow $(ZG)$(ZG). He argued that the May employment figures ought to have \"merely prevented a sharp upward move in rates, rather than stoking a meaningful downturn.\"\nThe movement in interest rates could also reflect foreign buying of U.S. Treasurys, which would put downward pressure on rates. Either way, interest rates have yet to show significant increase in keeping with the rate of inflation seen throughout the economy, which reached a 13-year high , according to the latest numbers from the consumer price index. That new data could put some upward pressure on rates.\n\"The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward in the near term,\" Speakman said.\nMortgage lenders, meanwhile, are growing more pessimistic about the market's outlook. A new survey from Fannie Mae (FNMA) found that 69% of lenders expect their profit margins to decrease in the next three months, which is a record.\nMortgage applications have fallen, in part because of a decline in refinancing activity as rates have risen from their record lows. But there's also evidence that demand for loans to purchase homes has fallen, which could show that buyers are being worn down by the competitive market.\n\"Housing bubble and crash worries are common, even showing up in a record-low share of people saying it's a good time to buy a home,\" Hale said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182737839,"gmtCreate":1623608567321,"gmtModify":1704206916945,"author":{"id":"3555997377437551","authorId":"3555997377437551","name":"Rex123","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555997377437551","authorIdStr":"3555997377437551"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182737839","repostId":"2143788705","repostType":4,"repost":{"id":"2143788705","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623530160,"share":"https://ttm.financial/m/news/2143788705?lang=&edition=fundamental","pubTime":"2021-06-13 04:36","market":"us","language":"en","title":"'CryptoPunk' NFT sells for $11.8 million at Sotheby's","url":"https://stock-news.laohu8.com/highlight/detail?id=2143788705","media":"Dow Jones","summary":"Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareh","content":"<blockquote>\n Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n</blockquote>\n<p><b>Who says the NFT bubble has popped ?</b></p>\n<p>A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.</p>\n<p>\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks <a href=\"https://laohu8.com/S/AONE\">one</a> that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.</p>\n<p>Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a>.</p>\n<p>\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.</p>\n<p>This week the famous \"Doge\" NFT also sold at another auction for $4 million.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'CryptoPunk' NFT sells for $11.8 million at Sotheby's</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'CryptoPunk' NFT sells for $11.8 million at Sotheby's\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-13 04:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n</blockquote>\n<p><b>Who says the NFT bubble has popped ?</b></p>\n<p>A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.</p>\n<p>\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks <a href=\"https://laohu8.com/S/AONE\">one</a> that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.</p>\n<p>Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a>.</p>\n<p>\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.</p>\n<p>This week the famous \"Doge\" NFT also sold at another auction for $4 million.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143788705","content_text":"Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n\nWho says the NFT bubble has popped ?\nA non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.\n\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks one that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.\nSotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings $(DKNG)$.\n\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.\nThis week the famous \"Doge\" NFT also sold at another auction for $4 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":182737839,"gmtCreate":1623608567321,"gmtModify":1704206916945,"author":{"id":"3555997377437551","authorId":"3555997377437551","name":"Rex123","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555997377437551","authorIdStr":"3555997377437551"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182737839","repostId":"2143788705","repostType":4,"repost":{"id":"2143788705","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623530160,"share":"https://ttm.financial/m/news/2143788705?lang=&edition=fundamental","pubTime":"2021-06-13 04:36","market":"us","language":"en","title":"'CryptoPunk' NFT sells for $11.8 million at Sotheby's","url":"https://stock-news.laohu8.com/highlight/detail?id=2143788705","media":"Dow Jones","summary":"Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareh","content":"<blockquote>\n Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n</blockquote>\n<p><b>Who says the NFT bubble has popped ?</b></p>\n<p>A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.</p>\n<p>\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks <a href=\"https://laohu8.com/S/AONE\">one</a> that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.</p>\n<p>Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a>.</p>\n<p>\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.</p>\n<p>This week the famous \"Doge\" NFT also sold at another auction for $4 million.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'CryptoPunk' NFT sells for $11.8 million at Sotheby's</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'CryptoPunk' NFT sells for $11.8 million at Sotheby's\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-13 04:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n</blockquote>\n<p><b>Who says the NFT bubble has popped ?</b></p>\n<p>A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.</p>\n<p>\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks <a href=\"https://laohu8.com/S/AONE\">one</a> that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.</p>\n<p>Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a>.</p>\n<p>\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.</p>\n<p>This week the famous \"Doge\" NFT also sold at another auction for $4 million.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143788705","content_text":"Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n\nWho says the NFT bubble has popped ?\nA non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.\n\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks one that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.\nSotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings $(DKNG)$.\n\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.\nThis week the famous \"Doge\" NFT also sold at another auction for $4 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182737249,"gmtCreate":1623608620281,"gmtModify":1704206917111,"author":{"id":"3555997377437551","authorId":"3555997377437551","name":"Rex123","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555997377437551","authorIdStr":"3555997377437551"},"themes":[],"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182737249","repostId":"2143788716","repostType":4,"repost":{"id":"2143788716","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623527460,"share":"https://ttm.financial/m/news/2143788716?lang=&edition=fundamental","pubTime":"2021-06-13 03:51","market":"us","language":"en","title":"Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What's going on?","url":"https://stock-news.laohu8.com/highlight/detail?id=2143788716","media":"Dow Jones","summary":"'The fact that rate movements don't appear to be tied to any specific data or developments makes it ","content":"<blockquote>\n 'The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward'.\n</blockquote>\n<p>Benchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers.</p>\n<p>The 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, down three basis points from the previous week, Freddie Mac (FMCC)reported .</p>\n<p>The 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.</p>\n<p>Generally speaking, mortgage rates move roughly in tandem with long-term bond yields, including the 10-year Treasury , and this past week was not an exception.</p>\n<p>\"The Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve's view that the current inflation is temporary and a patient monetary response continues to be warranted,\" said Danielle Hale, chief economist at Realtor.com.</p>\n<p>This week's mortgage rates report could also be a reflection of the monthly jobs data released last Friday, because May's employment figures came in below expectations.</p>\n<p>Other economists, though, argued that the movement in interest rates wasn't so logical. \"The downward shift in rates, and the bond yields that influence them, has been perplexing for markets as there was not an obvious reason for such a move to occur,\" said Matthew Speakman, an economist with <a href=\"https://laohu8.com/S/Z\">Zillow</a> <a href=\"https://laohu8.com/S/ZG\">$(ZG)$</a>(ZG). He argued that the May employment figures ought to have \"merely prevented a sharp upward move in rates, rather than stoking a meaningful downturn.\"</p>\n<p>The movement in interest rates could also reflect foreign buying of U.S. Treasurys, which would put downward pressure on rates. Either way, interest rates have yet to show significant increase in keeping with the rate of inflation seen throughout the economy, which reached a 13-year high , according to the latest numbers from the consumer price index. That new data could put some upward pressure on rates.</p>\n<p>\"The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward in the near term,\" Speakman said.</p>\n<p>Mortgage lenders, meanwhile, are growing more pessimistic about the market's outlook. A new survey from Fannie Mae (FNMA) found that 69% of lenders expect their profit margins to decrease in the next three months, which is a record.</p>\n<p>Mortgage applications have fallen, in part because of a decline in refinancing activity as rates have risen from their record lows. But there's also evidence that demand for loans to purchase homes has fallen, which could show that buyers are being worn down by the competitive market.</p>\n<p>\"Housing bubble and crash worries are common, even showing up in a record-low share of people saying it's a good time to buy a home,\" Hale said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What's going on?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMortgage rates fell over the past week, despite inflation hitting a 13-year high. What's going on?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-13 03:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 'The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward'.\n</blockquote>\n<p>Benchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers.</p>\n<p>The 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, down three basis points from the previous week, Freddie Mac (FMCC)reported .</p>\n<p>The 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.</p>\n<p>Generally speaking, mortgage rates move roughly in tandem with long-term bond yields, including the 10-year Treasury , and this past week was not an exception.</p>\n<p>\"The Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve's view that the current inflation is temporary and a patient monetary response continues to be warranted,\" said Danielle Hale, chief economist at Realtor.com.</p>\n<p>This week's mortgage rates report could also be a reflection of the monthly jobs data released last Friday, because May's employment figures came in below expectations.</p>\n<p>Other economists, though, argued that the movement in interest rates wasn't so logical. \"The downward shift in rates, and the bond yields that influence them, has been perplexing for markets as there was not an obvious reason for such a move to occur,\" said Matthew Speakman, an economist with <a href=\"https://laohu8.com/S/Z\">Zillow</a> <a href=\"https://laohu8.com/S/ZG\">$(ZG)$</a>(ZG). He argued that the May employment figures ought to have \"merely prevented a sharp upward move in rates, rather than stoking a meaningful downturn.\"</p>\n<p>The movement in interest rates could also reflect foreign buying of U.S. Treasurys, which would put downward pressure on rates. Either way, interest rates have yet to show significant increase in keeping with the rate of inflation seen throughout the economy, which reached a 13-year high , according to the latest numbers from the consumer price index. That new data could put some upward pressure on rates.</p>\n<p>\"The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward in the near term,\" Speakman said.</p>\n<p>Mortgage lenders, meanwhile, are growing more pessimistic about the market's outlook. A new survey from Fannie Mae (FNMA) found that 69% of lenders expect their profit margins to decrease in the next three months, which is a record.</p>\n<p>Mortgage applications have fallen, in part because of a decline in refinancing activity as rates have risen from their record lows. But there's also evidence that demand for loans to purchase homes has fallen, which could show that buyers are being worn down by the competitive market.</p>\n<p>\"Housing bubble and crash worries are common, even showing up in a record-low share of people saying it's a good time to buy a home,\" Hale said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZG":"Zillow Class A","FNMA":"房利美","Z":"Zillow","FMCC":"房地美"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143788716","content_text":"'The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward'.\n\nBenchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers.\nThe 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, down three basis points from the previous week, Freddie Mac (FMCC)reported .\nThe 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.\nGenerally speaking, mortgage rates move roughly in tandem with long-term bond yields, including the 10-year Treasury , and this past week was not an exception.\n\"The Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve's view that the current inflation is temporary and a patient monetary response continues to be warranted,\" said Danielle Hale, chief economist at Realtor.com.\nThis week's mortgage rates report could also be a reflection of the monthly jobs data released last Friday, because May's employment figures came in below expectations.\nOther economists, though, argued that the movement in interest rates wasn't so logical. \"The downward shift in rates, and the bond yields that influence them, has been perplexing for markets as there was not an obvious reason for such a move to occur,\" said Matthew Speakman, an economist with Zillow $(ZG)$(ZG). He argued that the May employment figures ought to have \"merely prevented a sharp upward move in rates, rather than stoking a meaningful downturn.\"\nThe movement in interest rates could also reflect foreign buying of U.S. Treasurys, which would put downward pressure on rates. Either way, interest rates have yet to show significant increase in keeping with the rate of inflation seen throughout the economy, which reached a 13-year high , according to the latest numbers from the consumer price index. That new data could put some upward pressure on rates.\n\"The fact that rate movements don't appear to be tied to any specific data or developments makes it difficult to chart their path forward in the near term,\" Speakman said.\nMortgage lenders, meanwhile, are growing more pessimistic about the market's outlook. A new survey from Fannie Mae (FNMA) found that 69% of lenders expect their profit margins to decrease in the next three months, which is a record.\nMortgage applications have fallen, in part because of a decline in refinancing activity as rates have risen from their record lows. But there's also evidence that demand for loans to purchase homes has fallen, which could show that buyers are being worn down by the competitive market.\n\"Housing bubble and crash worries are common, even showing up in a record-low share of people saying it's a good time to buy a home,\" Hale said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}