America’s largest homebuilder, D.R. Horton (DHI), warned on Thursday that its key spring selling season has gotten off to a sluggish start as elevated mortgage rates and growing economic uncertainty continue to erode consumer confidence. “This year’s spring selling season started slower than expected,” D.R. Horton CEO Paul Romanowski told analysts and investors on the
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue
It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue
US stocks opened sharply lower for a second day in a row after China retaliated against US tariffs in an escalating trade war, as Wall Street analysts warned about the rising risk of a recession. The Dow Jones Industrial Average (^DJI) sank around 2.2%, or about 1,000 points, while the S&P 500 (^GSPC) plummeted about
The recently dubbed “Lag Seven” players are once again… lagging. After a brief comeback on Wednesday, fueled by the Federal Reserve, most of the major tech giants lost steam by late Thursday trading. The exceptions: Nvidia (NVDA) and Meta (META), which each rose a modest 0.8% and 0.7%, respectively, with less than twenty minutes left
(Bloomberg) — US Treasuries consolidated gains in a choppy trading session with markets remaining confident that policymakers at the Federal Reserve are still on a path toward lower interest rates. Most Read from Bloomberg The advance on Thursday briefly pushed yields on five-year notes below 4% for the first time since mid-March, with action in
(Bloomberg) — To the traders who have been piling into the US bond market, the Federal Reserve delivered a message they’d been waiting to hear: US growth will likely slow, any increase in inflation should be brief, and interest rates will probably come down more before the year is out. Most Read from Bloomberg Even
US stock futures traded flat as Wall Street digested mixed messages from the Federal Reserve in the wake of its decision to hold interest rates steady. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) dipped 0.1%. CBOT – Delayed Quote • USD As