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Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan/Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the U.S.’s second-largest home builder. Lennar (tickers: LEN, LEN. B) noted a slowdown nationally in housing on its earnings conference call Tuesday, and then … Read More “The 7 Worst Housing Markets in America, According to Lennar” »
Text size Uncredited U.S. stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders meetings, and economic-data releases when investors return this week. Companies reporting quarterly results will include Lennar on Tuesday; FedEx , BlackBerry , and Darden Restaurants on Thursday; and CarMax … Read More “Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week” »
Inflation and rising mortgage costs are putting a dent in the housing market, which is hurting lumber demand. Frederic J. Brown/AFP/Getty Images Text size You can almost hear the sound of falling lumber prices, with probably more to go. The Federal Reserve’s slow-but-steady war on inflation will crimp demand for wood used in the home-building … Read More “Softer Housing Sales Are Hammering Demand for Lumber” »
Text size Uncredited The first-quarter earnings season ends this week, but by more than a dozen S&P 500 companies back to report. Economists will see the latest minutes of meetings from the Federal Reserve and data on consumer earnings and consumption and business investment. Advanced car parts and Zoom video communication will be Monday’s highlights, … Read More “Nvidia, Macy’s, Zoom, Costco, Snowflake and other stocks to see this week” »
Text size Uncredited The first-quarter earnings season ends this week, but by more than a dozen S&P 500 companies back to report. Economists will see the latest minutes of meetings from the Federal Reserve and data on consumer earnings and consumption and business investment. Advanced car parts and Zoom video communication will be Monday’s highlights, … Read More “Nvidia, Macy’s, Zoom, Costco, Snowflake and other stocks that investors can see this week” »
A full-floor apartment in Aman New York, a luxury condominium on New York City’s Billionaires’ Row, is closed for $ 55 million, a spokesman for the project confirmed. The deal is one of the most expensive to close in the city so far this year, local agents said. The apartment includes the entire 22nd floor … Read More “New York City Condo sells for $ 55 million in one of the city’s largest deals of the year” »
Text size It’s the end of the first quarter’s earnings season, with mostly retailers left to report this week. Public data on retail sales in the United States will also be released. Home depot and Walmart report on Tuesday, followed by Target, TJX , Lowe ‘s and Bath & Body Works Wednesday and Ross stores … Read More “Walmart, Moderna, Target, Deere, Home Depot and other stocks that investors can see this week” »
During the long, tech-driven bull market, you may have seen more than one article suggesting Berkshire Hathaway CEO Warren Buffett’s investing style was no longer valid. With Buffett leading the conglomerate’s annual meeting on April 30, this is a good time to take a fresh look at Berkshire’s performance. The notion that Buffett is outdated … Read More “Warren Buffett and Berkshire Hathaway are once again outperforming the stock market. Apple is one big reason but these other 10 stocks also helped” »
A previous version of this report gave an incorrect date for the Federal Reserve Open Market Committee meeting in May. The story has been corrected. A view of the Nasdaq headquarters in Times Square, New York City, on April 6, 2022. MarketWatch / Kollmeyer US stock futures were pointing to gains for Wall Street on … Read More “US stock futures point to rebound for Wall Street, with Microsoft, Alphabet earnings in focus” »
In a spot overlooking a meadow in upstate New York, Thomas Phifer and his wife, Jean, have set up house in a handful of black cabins as tightly shingled as the wing feathers of a starling. The cedar shakes, rows and rows of them, hide all but 3 inches of their 30-inch lengths. “There was … Read More “An Out-of-This-World Compound in Upstate New York” »
