SAN FRANCISCO (KRON) – On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about housing sales, Facebook’s new addition, and Starbucks.
Sales of new homes sink in January even as demand remains robust and prices ease. Sales of new homes plummeted 9.2% to a seasonally adjusted annual rate of 494,000 in January. While the housing sector has benefitted from a stronger economy that’s boosting demand, the market remains off-kilter. Demand is far outpacing supply, pushing prices ever higher and skewing builder activity toward higher-end projects.
Love, laughter, sorrow and rage now on your Facebook page. Instead of just “liking” a post on Facebook users worldwide are now able to use images that say “Love,” “Haha,” Wow,” “Sad” or “Angry.”
On Monday, Starbucks announced that, starting in April, customers would earn reward stars based on the amount of money they spend at Starbucks, as opposed to the current system of one star per visit. Starbucks said the change is based on requests by customers. However, the outrage online following the announcement demonstrated that many people were not ready to embrace the new system.
Rob Black answers Andrea’s question: Is S&P 500 new high drought a reason for worry?