News Corp - NWSA STOCK NEWS

In October 2021, U.S. home sales surged to record levels, continuing a trend of rapid sales despite seasonal slowdowns. Buyers are facing a tight inventory, with active listings down 21.9% year-over-year and a median listing price of $380,000, reflecting an 8.6% increase from last year. Homes sold faster, averaging 45 days on the market. However, new listings decreased by 2.3%, exacerbating the demand-supply mismatch, particularly in key metros like Raleigh. Chief Economist Danielle Hale attributes the robust demand to rising mortgage rates and increased rental prices.

News Corporation reported fiscal 2022 first quarter revenues of $2.50 billion, an 18% increase year-over-year, driven by strong performances in various segments. Net income rose to $267 million from $47 million, resulting in reported EPS of $0.33 compared to $0.06 in the prior year. Digital Real Estate Services segment saw a 47% revenue growth, while Dow Jones achieved record profitability. A $1 billion stock repurchase program was announced, reflecting confidence in sustained growth.

Rental prices in major U.S. tech cities surged, with September 2021 rents exceeding March 2020 levels by an average of 6.3%, according to Realtor.com®. Nationally, rents increased by 13.6% year-over-year for the second consecutive month. Cities like Austin saw remarkable increases, with rents up 22.3%. The national median rent reached a record $1,654. Despite the upward trend, experts suggest a potential cooling in rent growth during winter, as competition grows and seasonality returns.

News Corp will announce its first quarter Fiscal 2022 results on November 4, 2021, at 5:00 p.m. EDT. The company's CEO, Robert Thomson, and CFO, Susan Panuccio, will lead a call to discuss these results, with a live audio webcast available. Participants can join via phone or online, and a replay will be offered shortly after the call. News Corp is a diversified media and information services company, operating mainly in the U.S., Australia, and the U.K., providing digital real estate, subscription video services, news, and publishing.

HarperCollins Publishers has committed to becoming carbon neutral for its operational emissions by 2022. Partnering with Brite Green, the company aims to target Scope 1 and 2 emissions, focusing on on-site energy usage. As part of the News Corp Global Environmental Initiative, it plans to achieve net zero carbon emissions across its operations by 2050. Over the last five years, HarperCollins has reduced its energy consumption by nearly 30% and aims for a 60% reduction in operations and 20% in its supply chain by 2030.

Housing inventory in the U.S. reached a 2021 high in September, offering buyers more options. Active listings rose to 646,053, despite a year-over-year decline of 22.2%. Austin, Portland, Jacksonville, and Washington, D.C. saw new listings increase over 10%. However, new listings dipped nationally for the first time in five months, down 3.9%, with entry-level single-family homes rising by 8.0%. The median home price held steady at $380,000, up 8.6% from last year. Time on market averaged 43 days, reflecting a typical seasonal pattern. The report indicates a more competitive market despite recent improvements in inventory.

Quantifind has partnered with Dow Jones Risk & Compliance to enhance its Graphyte™ platform for financial crime risk screening.

This collaboration will integrate Dow Jones' Watchlist and Factiva data products, aiming to improve risk assessment performance.

The new capabilities will allow banks to conduct effective AML and KYC investigations, ensuring teams can prioritize and streamline their processes.

Quantifind is currently featured at the ACAMS Las Vegas Conference, showcasing its innovations.