Must Read Money Stories for Monday, April 18

by April 18, 2016

Must Read Money Stories

Housing Gaining Speed

For the U.S. housing market, signs of health and continued progress are abound, the Wall Street Journal reported Sunday. Recent new home sales and pending sales of existing homes heading into the bustling spring buying season look encouraging. Meanwhile, low interest rates and loosening restrictions on financing have enticed more people to apply for mortgages. Other factors, such as continued improvement in the job market and household formations topping 1 million for the first time in almost a decade, also bode well for housing.

Sport Chalet Shutting Down

Sporting goods retail chain Sport Chalet is going out of business after 57 years. Over the weekend, the retailer shut down online sales on its website and began holding going-out-of-business sales to prepare shutting its 47 big box stores, according to the Los Angles Times. Sport Chalet has struggled mightily for several years to keep up with competition. The retailer was nearing liquidation when its current parent company purchased it just two years ago, although was never able to recover.

Yahoo Bids Due

Yahoo’s struggling core internet business has been up for sale for months, and all interested buyers now have a Monday deadline to submit their final bids, USA Today reported Sunday. The offer includes Yahoo Mail, Yahoo Finance and Tumblr. The sale has drawn substantial interest—some analysts peg as many as 40 companies—from some of the globe’s most notable companies including Microsoft, Verizon, Alibaba, AT&T, Google and even the parent of U.K. newspaper the Daily Mail.

Tech Stock Scrutiny

Earnings season for tech companies kicks off on Monday, and investors and analysts are expected to pay particularly close attention to firms who pay their employees with stock, according to the New York Times. This year’s rocky performance of publicly-traded tech companies has ignited criticism of the industry’s common use of stock-based compensation, most notably at LinkedIn, which has seen share prices tumble and lowered its growth projections for the year.