Home Prices Soar 6.3% in a Fierce Competition to Buy

Print Friendly U.S. home prices jumped in February as buyers compete fiercely over a dwindling number of properties for sale. The S&P CoreLogic Case-Shiller national home price index released Tuesday jumped 6.3 percent in February from a year earlier, matching December’s increase. That jump was the largest in nearly three years. Steady job gains and … Read more

Caterpillar 1Q Profit Surges on Equipment Sales

Print Friendly A boost in equipment sales propelled Caterpillar’s first-quarter profit, as a strong global economy helped support construction and energy industry projects. The maker of heavy equipment and machinery also greatly increased its outlook for the year, citing an upbeat global markets, better pricing and demand. In morning trading, Caterpillar shares rose 3.4 percent … Read more

Coca-Cola Profit Jumps as Costs Fall, New Drinks Arrive

Print Friendly Coca-Cola’s first-quarter profit jumped as the company introduced new flavors and continues to discard its bottling operations. Coca-Cola’s began selling Coca-Cola Zero Sugar, a reformulated replacement for Coca-Cola Zero, in 20 markets last year. It reported a “double-digit” growth during the quarter Tuesday. The company has also been moving its Honest and Smartwater … Read more

Economic Report: Home prices surge to a near four-year high, Case-Shiller shows

The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.5% and was up 6.3% compared to a year ago in February. The 20-city index rose a seasonally adjusted 0.8% and was 6.8% higher than a year ago. What happened: Rather than moderating, as many economists have expected, home prices are accelerating. The 6.8% annual … Read more

John Hopkins hospital performs ‘world’s first’ penis and scrotum transplant

Surgeons at John Hopkins University School of Medicine have performed what they describe as the first total penis and scrotum transplant in the world. A team of nine plastic surgeons and two urological surgeons was involved in the 14-hour surgery on March 26, the hospital announced late Monday. They transplanted from a deceased donor the … Read more

Bond Report: Yields pull back as U.S. 10-year government bond march to 3% stalls

The yield on 10-year Treasury note retreated slightly early Tuesday as the benchmark government bond’s ascent to a psychologically significant level at 3% sputtered, with traders awaiting fresh catalysts to move the bond market. What are Treasurys doing? The benchmark 10-year Treasury note yield TMUBMUSD10Y, -0.03% edged off by 0.5 basis point to 2.968%, after … Read more