Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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Dollar little changed after biggest weekly loss in three months

The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest rate increases in the world’s biggest economy. But weak data in recent weeks has clouded the currency’s prospects for next year. Against a basket of currencies, the dollar was flat after falling 0.8 percent last week, its biggest weekly drop since late August. In London, Theresa May faces an internal revolt against her Brexit


The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest rate increases in the world’s biggest economy. But weak data in recent weeks has clouded the currency’s prospects for next year. Against a basket of currencies, the dollar was flat after falling 0.8 percent last week, its biggest weekly drop since late August. In London, Theresa May faces an internal revolt against her Brexit
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Keywords: news, cnbc, companies, changed, week, months, loss, biggest, rate, expectations, data, little, vote, weekly, dollar, weak, plenty


Dollar little changed after biggest weekly loss in three months

The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest rate increases in the world’s biggest economy.

Widening interest rate differentials between the United States and the rest of the world, driven by a confident U.S. Federal Reserve, has fuelled an unlikely dollar rally this year. But weak data in recent weeks has clouded the currency’s prospects for next year.

U.S. non-farm payrolls increased by 155,000 jobs last month, below a median forecast of 200,000 jobs, and the wage increase was weaker than expected, even though its annual rise remained near the highest level in almost a decade.

Apart from weak data, some Fed policymakers have struck a cautious tone about the economic outlook, possibly flagging a turning point in its monetary policy and lowering the expectations of U.S. rate hikes priced into money markets.

Futures markets are now pricing in only a 44 percent chance of a U.S. rate increase next year compared with nearly 80 percent last Monday as the U.S. bond yield curve has flattened.

“Fed fund expectations are dropping like a stone and that is a big obstacle for the dollar, though there is plenty of event risk out there this week that will give plenty of thought for dollar bears,” said Ulrich Leuchtmann, an FX strategist at Commerzbank in Frankfurt.

Against a basket of currencies, the dollar was flat after falling 0.8 percent last week, its biggest weekly drop since late August.

The euro led gains, rising 0.34 percent at $1.1470 though market traders said currency markets will be in a wait-and-watch mode.

French President Emmanuel Macron will address the country at 2000 Paris time (1900 GMT) on Monday as he seeks to “yellow vest” anti-government protesters that have wreaked havoc in Paris during the weekend.

In London, Theresa May faces an internal revolt against her Brexit deal before a vote in the parliament on Tuesday. May plans to push ahead with the vote, but senior lawmakers in her own party put pressure on her to go back to Brussels and seek a better offer.

A rejection could throw plans for Britain’s exit into turmoil and leave her own political future hanging in the balance. Against the dollar, the British pound was flat at $1.2720.


Company: cnbc, Activity: cnbc, Date: 2018-12-10
Keywords: news, cnbc, companies, changed, week, months, loss, biggest, rate, expectations, data, little, vote, weekly, dollar, weak, plenty


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Europe’s top court confirms that UK can stop Brexit

The European Court of Justice said Monday that the U.K. can cancel Brexit without asking for permission from other European Union (EU) member states. Sterling jumped to day’s high, up about 0.12 percent to $1.2758 on the back of the news. The decision followed the guidance given last week by a non-binding opinion to the court from a top European law officer. Article 50 allows a country to trigger the process that takes them out of Europe’s political and economic union. U.K. Prime Minister Theres


The European Court of Justice said Monday that the U.K. can cancel Brexit without asking for permission from other European Union (EU) member states. Sterling jumped to day’s high, up about 0.12 percent to $1.2758 on the back of the news. The decision followed the guidance given last week by a non-binding opinion to the court from a top European law officer. Article 50 allows a country to trigger the process that takes them out of Europe’s political and economic union. U.K. Prime Minister Theres
Europe’s top court confirms that UK can stop Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: david reid, h-d falkenstein, imagebroker, getty images
Keywords: news, cnbc, companies, eu, 50, union, week, brexit, uk, uks, europes, european, court, unilaterally, stop, confirms


Europe's top court confirms that UK can stop Brexit

The European Court of Justice said Monday that the U.K. can cancel Brexit without asking for permission from other European Union (EU) member states.

Sterling jumped to day’s high, up about 0.12 percent to $1.2758 on the back of the news.

The decision followed the guidance given last week by a non-binding opinion to the court from a top European law officer.

The case was brought by a group of Scottish lawmakers who sought a legal ruling on if the U.K.’s request under Article 50 to leave the EU could be unilaterally revoked before the Brexit deadline of March 29, 2019.

Article 50 allows a country to trigger the process that takes them out of Europe’s political and economic union. U.K. Prime Minister Theresa May invoked the exit clause in March 2017.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: david reid, h-d falkenstein, imagebroker, getty images
Keywords: news, cnbc, companies, eu, 50, union, week, brexit, uk, uks, europes, european, court, unilaterally, stop, confirms


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UK Labour Party will bring no confidence motion when it’s likely to be successful

Britain’s opposition Labour Party said on Monday it would only launch a motion of no confidence in Prime Minister Theresa May’s government when it felt it would most likely be successful. Labour Party leader Jeremy Corbyn has come under pressure from some of his own lawmakers to press for a vote of no confidence this week after May delayed a vote on her Brexit agreement with the European Union. “We will put down a motion of no confidence when we judge it most likely to be successful,” a Labour s


Britain’s opposition Labour Party said on Monday it would only launch a motion of no confidence in Prime Minister Theresa May’s government when it felt it would most likely be successful. Labour Party leader Jeremy Corbyn has come under pressure from some of his own lawmakers to press for a vote of no confidence this week after May delayed a vote on her Brexit agreement with the European Union. “We will put down a motion of no confidence when we judge it most likely to be successful,” a Labour s
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Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: horacio villalobos, corbis, getty images
Keywords: news, cnbc, companies, country, party, likely, parliament, uk, successful, bring, labour, vote, week, motion, confidence, unquestionably


UK Labour Party will bring no confidence motion when it's likely to be successful

Britain’s opposition Labour Party said on Monday it would only launch a motion of no confidence in Prime Minister Theresa May’s government when it felt it would most likely be successful.

Labour Party leader Jeremy Corbyn has come under pressure from some of his own lawmakers to press for a vote of no confidence this week after May delayed a vote on her Brexit agreement with the European Union.

“We will put down a motion of no confidence when we judge it most likely to be successful,” a Labour spokesperson said in a statement.

The statement said if May returned from Brussels with the same deal “she will have decisively and unquestionably lost the confidence of parliament on the most important issue facing the country, and Parliament will be more likely to bring about the general election our country needs to end this damaging deadlock.”


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: horacio villalobos, corbis, getty images
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In race to IPO, Uber is bigger but Lyft is friendlier, survey finds

Uber’s value could hit $120 billion after it goes public 8 Hours Ago | 02:03As they race to become public companies, Uber is bigger but Lyft is friendlier. But one-third of respondents picked Lyft for its driver friendliness and brand image, compared to one-fourth who picked Uber for those parameters. “While Lyft trails Uber in share, it does have a highly engaged user base – we found that Lyft users actually use the service more frequently than Uber users,” the report said. The research comes a


Uber’s value could hit $120 billion after it goes public 8 Hours Ago | 02:03As they race to become public companies, Uber is bigger but Lyft is friendlier. But one-third of respondents picked Lyft for its driver friendliness and brand image, compared to one-fourth who picked Uber for those parameters. “While Lyft trails Uber in share, it does have a highly engaged user base – we found that Lyft users actually use the service more frequently than Uber users,” the report said. The research comes a
In race to IPO, Uber is bigger but Lyft is friendlier, survey finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: elizabeth schulze
Keywords: news, cnbc, companies, uber, finds, companies, survey, bigger, ridehailing, race, billion, public, friendlier, week, lyft, users, confidential, ipo


In race to IPO, Uber is bigger but Lyft is friendlier, survey finds

Uber’s value could hit $120 billion after it goes public 8 Hours Ago | 02:03

As they race to become public companies, Uber is bigger but Lyft is friendlier.

That’s according to a new survey of 1,062 U.S. consumers conducted by investment firm Raymond James.

The report, published Monday, found Uber is the most popular ride-hailing app with 60 percent of market share, compared to Lyft’s 23 percent. But one-third of respondents picked Lyft for its driver friendliness and brand image, compared to one-fourth who picked Uber for those parameters.

Lyft customers were also more loyal; it was the top choice among users who take at least two trips with ride-hailing apps per month.

“While Lyft trails Uber in share, it does have a highly engaged user base – we found that Lyft users actually use the service more frequently than Uber users,” the report said.

The research comes as both companies are racing to list as public companies next year. Uber reportedly filed confidential paperwork with the Securities and Exchange Commission last week for an initial public offering (IPO) that could put the ride-hailing giant’s valuation at $120 billion. Lyft also filed a confidential paperwork for an IPO last week. The offering is expected to exceed the $15.1 billion valuation Lyft posted in June.

Uber declined to comment on its potential IPO when contacted by CNBC. Lyft issued a press release that confirmed the confidential filing but did not specify the number of shares to be offered or the price range.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: elizabeth schulze
Keywords: news, cnbc, companies, uber, finds, companies, survey, bigger, ridehailing, race, billion, public, friendlier, week, lyft, users, confidential, ipo


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Dow turns negative, drops 200 points as bank shares fall

News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government. On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. He added that additional tariffs will be placed on Chinese


News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government. On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. He added that additional tariffs will be placed on Chinese
Dow turns negative, drops 200 points as bank shares fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, chinese, negative, points, shares, week, truce, trade, dow, bank, stocks, turns, deal, fall, reached, tariffs, drops, yield, trump, 200


Dow turns negative, drops 200 points as bank shares fall

News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government. Meng is scheduled to appear at a bail hearing in Canada later on Monday.

Monday’s moves come after a volatile week for investors. The Dow, S&P 500 and Nasdaq Composite all posted their worst weekly performances since March last week, falling more than 4 percent each, as worries and confusion about the ongoing U.S.-China trade war and fears of an economic slowdown gripped Wall Street.

“The volatility continues,” said Mark Newton, managing member at Newton Advisors, in a note to clients. “Stocks reversed the prior week’s rally violently over the last few days, and now have reached the bottom of the recent trading consolidation that’s been in place for the past few months.”

“Seeing a larger breakdown in the indices at this point would confirm that stocks have definitely started a larger correction that should eventually lead to a bear market,” he said.

On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. Both leaders agreed not to slap additional tariffs on billions of dollars worth of goods from their countries. It was not immediately clear, however, when the truce started as administration officials disagreed on the matter. Trump later said on Twitter the cease-fire began on Saturday, when he and Xi struck the deal.

The mixed messages did not stop there, however. National Economic Council Director Larry Kudlow told CNBC on Friday that Trump would extend the 90-day grace period if progress in the negotiations was made but a permanent deal could not be reached. Later that day, trade advisor Peter Navarro told CNN that Trump would “simply raise” tariffs on Chinese goods if a permanent deal was not struck after the 90 days.

U.S. Trade Representative Robert Lighthizer warned on Sunday he considers March 1 — when the truce is scheduled to end — as “a hard deadline.” He added that additional tariffs will be placed on Chinese goods if a deal is not reached by then.

Meanwhile, the 3-year Treasury note yield broke above its 5-year counterpart last week. This “yield-curve inversion” stoked fears that a recession could be on its way. Still, many traders believe the inversion won’t be official until the 2-year yield rises above the 10-year yield, which has not happened yet.

Strategists at MRB Partners think investors might be overreacting to the moves in Treasury yields. “Markets are now discounting greater weakness than we expect next year,” they said in a note. “Our neutral stance on equities and underweight on fixed income corresponds with our expectation that stocks will outperform bonds in the year ahead, albeit in choppy fashion.”

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Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, chinese, negative, points, shares, week, truce, trade, dow, bank, stocks, turns, deal, fall, reached, tariffs, drops, yield, trump, 200


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Dollar dips versus yen as growth concerns shake confidence

The dollar fell against the yen on Thursday as growing investor aversion to riskier assets hit equities and pushed down U.S. Treasury yields. Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth. U.S. Treasury yields fell, pressuring the dollar. “Lower Treasury yields are driving the dollar lower against the yen. The euro lost 0.42 percent to 127.85 yen, the Australian do


The dollar fell against the yen on Thursday as growing investor aversion to riskier assets hit equities and pushed down U.S. Treasury yields. Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth. U.S. Treasury yields fell, pressuring the dollar. “Lower Treasury yields are driving the dollar lower against the yen. The euro lost 0.42 percent to 127.85 yen, the Australian do
Dollar dips versus yen as growth concerns shake confidence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, growth, dollar, concerns, meeting, lower, treasury, versus, dips, confidence, yields, fell, yen, yield, week, shake, market


Dollar dips versus yen as growth concerns shake confidence

The dollar fell against the yen on Thursday as growing investor aversion to riskier assets hit equities and pushed down U.S. Treasury yields.

The U.S. currency dropped 0.45 percent to 112.68 yen, handing back its modest gains made overnight.

Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth.

Adding to the jitters on Thursday was the arrest in Canada of a top executive of Chinese tech giant Huawei Technologies, fanning fears of a flare-up in tensions between China and the United States just as the two sides are supposed to be resuming trade negotiations.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.93 percent and Japan’s Nikkei lost more than 2 percent.

U.S. Treasury yields fell, pressuring the dollar.

“Lower Treasury yields are driving the dollar lower against the yen. It is difficult to pinpoint how much funds investors have transferred from equities to bonds in the recent risk aversion and it is too early to call a bottom for Treasury yields,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.

The 10-year Treasury yield last stood at 2.8829 percent.

Signals from the Federal Reserve last week that it may be nearing an end to its three-year rate hiking cycle have helped trigger the slide in Treasury yields.

The spread between the two-year and five-year Treasury yields inverted this week and the two-year/10-year spread was at its flattest in more than a decade amid a sharp fall in long-term rates.

A flatter curve is seen as an indicator of a slowing economy, with lower longer-dated yields suggesting a potential recession down the road.

“The dollar could remain under pressure until this month’s Fed meeting as long-term Treasury yields may not be able to mount a rebound until the market sees the Fed’s stance on policy and the economy,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

“The recent reaction to the U.S. yield curve inversion appears a little hysterical, but the dollar will not be given the all clear sign until the Fed meeting is hurdled.”

Fed policymakers are still widely expected to raise interest rates again at their Dec 18-19 meeting, but the market focus is on how many rate hikes will follow in 2019.

The yen, often sought in times of market unrest, made strides against other peers as well.

The euro lost 0.42 percent to 127.85 yen, the Australian dollar slumped 1.02 percent to 81.44 yen and the pound fell 0.55 percent to 143.33 yen.

The euro was little changed at $1.1346 after retreating from this week’s high of $1.1419 scaled on Tuesday.

The Australian dollar, sensitive to swings in risk sentiment, was down 0.58 percent at $0.7226.

The Aussie was already on a shaky footing after shedding nearly 1 percent the previous day on weaker-than-expected third quarter Australian gross domestic product data.

The pound was a shade lower at $1.2723.

Sterling had sunk to a 17-month low of $1.2659 at one point on Tuesday after parliamentary setbacks for Prime Minister Theresa May.

— CNBC contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: matt cardy, getty images
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Mortgage applications rise 2%, but buyers seem unimpressed by lower rates

Mortgage rates have now been falling for three straight weeks and that is reinvigorating the refinance business. Total mortgage application volume rose 2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was still 36 percent lower than a year ago, when interest rates were lower. Mortgage interest rates are still 89 basis points higher than a year ago and home prices are still gaining, making home buying ever more


Mortgage rates have now been falling for three straight weeks and that is reinvigorating the refinance business. Total mortgage application volume rose 2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was still 36 percent lower than a year ago, when interest rates were lower. Mortgage interest rates are still 89 basis points higher than a year ago and home prices are still gaining, making home buying ever more
Mortgage applications rise 2%, but buyers seem unimpressed by lower rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: diana olick, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, market, applications, mortgage, unimpressed, volume, lowest, interest, rates, higher, economic, rise, lower, buyers, week


Mortgage applications rise 2%, but buyers seem unimpressed by lower rates

Mortgage rates have now been falling for three straight weeks and that is reinvigorating the refinance business. It is not, however, bringing many more buyers back to today’s very expensive housing market.

Total mortgage application volume rose 2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was nearly 19 percent lower than the same week one year ago.

Refinance activity drove the volume, increasing 6 percent for the week. Refinances are highly rate-sensitive week to week, as borrowers seek to save money on monthly payments. Volume was still 36 percent lower than a year ago, when interest rates were lower.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) decreased to 5.08 percent last week from 5.12 percent the previous week, with points decreasing to 0.44 from 0.46 (including the origination fee) for loans with a 20 percent down payment.

“Treasury rates continued to slide last week, driven mainly by concerns over slowing global economic growth and U.S. and China trade uncertainty. The 30-year fixed-rate fell for the third week in a row,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage applications to purchase a home rose just 1 percent for the week and were 0.2 percent higher than a year ago. Mortgage interest rates are still 89 basis points higher than a year ago and home prices are still gaining, making home buying ever more expensive. While the price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand today; sales of both newly built and existing homes continue to suffer because of it.

Luxury homebuilder Toll Brothers saw new orders decline this fall, according to its earnings release this week. CEO Douglas Yearley blamed higher mortgage rates and high prices in California, where it sells a large share of its homes. Luxury buyers, it seems, are not exempt from today’s weaker affordability, and that is showing up in the size of loans for which borrowers are applying.

“We saw a decrease in the average loan size for purchase applications to the lowest since December 2017 ($298,000 from $313,000),” Kan said. “This is perhaps an indication that there are fewer jumbo borrowers, or maybe first-time buyers are having better success reaching the market as we close out the year.”

Mortgage rates continued to slide this week, falling to their lowest level in two months on Tuesday as the U.S. stock market sold off sharply and bond yields fell.

“Mortgage rates didn’t experience nearly as big of a move as the broader bond market,” said Matthew Graham, chief operating officer for Mortgage News Daily, noting that economic data at the end of the week, specifically the U.S. monthly employment report, could cause more dramatic moves. “If it’s weaker than expected, rates could easily continue lower, but if it surprises to the upside, the bounce back in rates could be somewhat abrupt.”


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: diana olick, daniel acker, bloomberg, getty images
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Bill Gates says his new favorite habit helps him focus—and it only takes 30 minutes per week

Bill Gates used to think of meditation as “a woo-woo thing tied somehow to reincarnation,” he writes on his blog, Gates Notes, and he “didn’t buy into it.” “I’m certainly not an expert, but I now meditate two or three times a week, for about 10 minutes each time,” says the self-made billionaire and Microsoft co-founder. If you want to get into the habit, too, Gates suggests reading “The Headspace Guide to Meditation and Mindfulness” by former Buddhist monk Andy Puddicombe. After years of not buy


Bill Gates used to think of meditation as “a woo-woo thing tied somehow to reincarnation,” he writes on his blog, Gates Notes, and he “didn’t buy into it.” “I’m certainly not an expert, but I now meditate two or three times a week, for about 10 minutes each time,” says the self-made billionaire and Microsoft co-founder. If you want to get into the habit, too, Gates suggests reading “The Headspace Guide to Meditation and Mindfulness” by former Buddhist monk Andy Puddicombe. After years of not buy
Bill Gates says his new favorite habit helps him focus—and it only takes 30 minutes per week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: kathleen elkins, bloomberg
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Bill Gates says his new favorite habit helps him focus—and it only takes 30 minutes per week

Bill Gates used to think of meditation as “a woo-woo thing tied somehow to reincarnation,” he writes on his blog, Gates Notes, and he “didn’t buy into it.”

Today, he and his wife Melinda practice consistently.

“I’m certainly not an expert, but I now meditate two or three times a week, for about 10 minutes each time,” says the self-made billionaire and Microsoft co-founder.

“I now see that meditation is simply exercise for the mind, similar to the way we exercise our muscles when we play sports,” he continues. “For me, it has nothing to do with faith or mysticism. It’s about taking a few minutes out of my day, learning how to pay attention to the thoughts in my head, and gaining a little bit of distance from them.”

He says it helps him focus, and science backs him up: Meditation can not only improve focus, but it can keep your brain young, help reduce stress and boost memory.

Gates isn’t the only successful business leader who practices meditation: Salesforce CEO Marc Benioff, Thrive Global CEO Arianna Huffington and billionaire entrepreneur Oprah Winfrey, among others, meditate regularly.

Huffington tells Lifehacker that, besides sleep, mediation is the most effective tool for productivity and performance, and Benioff tells the New York Times that it has helped him listen more closely before making decisions.

If you want to get into the habit, too, Gates suggests reading “The Headspace Guide to Meditation and Mindfulness” by former Buddhist monk Andy Puddicombe. After years of not buying into meditation, Puddicombe was “the person who turned me from skeptic to believer,” says Gates.

Don’t miss: Here’s why Bill Gates stopped listening to music and watching TV for 5 years in his 20s

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Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: kathleen elkins, bloomberg
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Watch: Memorial service for former President George HW Bush

A memorial service for the late President George H.W. The 41st president, who died Friday at age 94, has been honored in Washington, all this week. Bush, who served a single four-year presidential term after winning his 1988 election against Democrat Michael Dukakis, was the father of George W. Bush, the 43rd president. The senior Bush’s death brought forth an outpouring of bipartisan reverence for the late president. Media figures, lawmakers and former friends and associates of Bush paid their


A memorial service for the late President George H.W. The 41st president, who died Friday at age 94, has been honored in Washington, all this week. Bush, who served a single four-year presidential term after winning his 1988 election against Democrat Michael Dukakis, was the father of George W. Bush, the 43rd president. The senior Bush’s death brought forth an outpouring of bipartisan reverence for the late president. Media figures, lawmakers and former friends and associates of Bush paid their
Watch: Memorial service for former President George HW Bush Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: kevin breuninger
Keywords: news, cnbc, companies, president, bush, youtube, service, week, memorial, watch, hw, george, wednesdaybush, late, winning, washington, bushs


Watch: Memorial service for former President George HW Bush

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A memorial service for the late President George H.W. Bush is set to be held Wednesday at the Washington National Cathedral.

The 41st president, who died Friday at age 94, has been honored in Washington, all this week. Bush’s body arrived in Washington and had lain in state in the rotunda of the U.S. Capitol building in advance of the funeral Wednesday.

Bush, who served a single four-year presidential term after winning his 1988 election against Democrat Michael Dukakis, was the father of George W. Bush, the 43rd president.

The senior Bush’s death brought forth an outpouring of bipartisan reverence for the late president. Media figures, lawmakers and former friends and associates of Bush paid their respects — including President Donald Trump, who has had antagonistic relationship with the Bush family.

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Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: kevin breuninger
Keywords: news, cnbc, companies, president, bush, youtube, service, week, memorial, watch, hw, george, wednesdaybush, late, winning, washington, bushs


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