Lennar CEO Stuart Miller: Affordability Remains a Headwind for Homebuyers as Mortgage Rates Hover near 7%

Lennar CEO Stuart Miller: Affordability Remains a Headwind for Homebuyers as Mortgage Rates Hover near 7%

Lennar CEO Stuart Miller Highlights Affordability as a Challenge for Homebuyers amidst Lingering Mortgage Rates Lennar, one of the prominent homebuilding companies, is facing a major hurdle as CEO Stuart Miller sheds light on the persisting issue of affordability in the housing market. Miller underscored the concern, emphasizing that mortgage rates around the 7% mark … Read more

Wall Street, waiting for new data on inflation – 2024-03-14 16:40:13

Wall Street, waiting for new data on inflation
 – 2024-03-14 16:40:13

In this photo taken on January 4, 2016, the entrance to the Wall Street station of the New York subway is seen. The stock fell on Friday, November 4, 2016 for the ninth day in a row, marking its longest losing streak in 36 years. (AP Photo/Mark Lennihan, File) Wall Street opened this Monday in … Read more

WTI oil opens with a decrease to USD 78.50 – 2024-03-13 08:25:12

WTI oil opens with a decrease to USD 78.50
 – 2024-03-13 08:25:12

The price of Texas intermediate oil (WTI) It opened this Friday with a decrease of 0.54%, to $78.50 a barrel. At 9:04 local time (14:04 GMT), WTI futures contracts for delivery in April lost 43 cents compared to the close of the previous session. The markets are attentive to the next movements of the Federal … Read more

Hotter-than-Expected February Inflation Print Driven by Shelter and Gas, Warning of Gradual Price Pressures

Hotter-than-Expected February Inflation Print Driven by Shelter and Gas, Warning of Gradual Price Pressures

Hotter-Than-Expected February Inflation Print Driven by Shelter and Gas Hotter-Than-Expected February Inflation Print Driven by Shelter and Gas Introduction The February inflation data has revealed that inflationary pressures continue to persist, exceeding earlier predictions. Notably, these upward price movements have been heavily influenced by two primary components: shelter and gas. Let’s take a closer look … Read more

Tech Stocks Lead Asian Rally as US Inflation Data Awaited

Tech Stocks Lead Asian Rally as US Inflation Data Awaited

Asian Stocks Rise as Risk Sentiment Improves Ahead of US Inflation Data Asian Stocks Rise as Risk Sentiment Improves Ahead of US Inflation Data Broader Risk Sentiment Boosts Asian Stocks Most Asian stocks saw gains on Thursday, primarily led by technology shares, as a general improvement in risk sentiment was felt across markets. Investors eagerly … Read more

The FED suggests that interest rates could fall – 2024-03-11 23:20:52

The FED suggests that interest rates could fall
 – 2024-03-11 23:20:52

Jerome Powell. The Federal Reserve predicted this Wednesday in his Beige book economic outlook that in the coming months there will be “less restrictive financial conditions”, an indication that interest rates could fall before the end of the year. “The outlook for future economic growth remained generally positive” and “expectations of stronger demand and less … Read more

Wall Street in green amid signs of downward inflation – 2024-03-11 18:40:50

Wall Street in green amid signs of downward inflation
 – 2024-03-11 18:40:50

In this photograph you can see the New York Stock Exchange. Stocks on Wall Street closed higher on Friday, January 5, 2018, led by big gains in technology, materials and energy stocks. (AP Photo/Mark Lennihan, File) Wall Street opened this Thursday in green and the Dow Jones Industrialsits main indicator, rose 0.50%, amid signs that … Read more

Nvidia Stock Weakens Following Friday’s Reversal: All Eyes on Macro Data and Earnings Releases

Nvidia Stock Weakens Following Friday’s Reversal: All Eyes on Macro Data and Earnings Releases

All Eyes on Nvidia Stock Weakens in Pre-Market Following Sharp Reversal Latest Market Updates Investors have been closely monitoring Nvidia’s stock (NVDA), which weakened in the pre-market today following a significant intraday reversal on Friday. This unexpected turn of events has grabbed the attention of many market participants. Action in Nvidia to Influence Broader Market … Read more

Stocks Finish Lower after Sell-Off in Tech: Nasdaq Leads Losses

Stocks Finish Lower after Sell-Off in Tech: Nasdaq Leads Losses

Stock Market Update: Week in Review Stock Market Update: Week in Review Stocks Finish Last Week Lower After Sell-Off in Tech Last week, stocks saw a decline in the market following a sell-off in the tech industry, with the Nasdaq Composite leading the losses and falling over 1%. Equal-Weighted S&P 500 Logs 7th Straight Weekly … Read more

Delayed Inflation and Rebound in Retail Sales Ease Pressure on Fed to Lower Interest Rates

Delayed Inflation and Rebound in Retail Sales Ease Pressure on Fed to Lower Interest Rates

Inflation Likely to Moderate as US Retail Sales Show Resurgence Inflation Likely to Moderate as US Retail Sales Show Resurgence Inflation dip supports Fed’s cautious stance Inflation in the US is predicted to have shown gradual signs of abatement in the past month, signaling a glimmer of stability in the nation’s economy and reducing the … Read more