One part of the housing market is doing brisk business, says analyst who called 2008 housing crash
“It’s been a rocket ship,” Ivy Zelman, the chief executive of Zelman & Associates, a research firm focused on the housing industry, said Wednesday.
“It’s been a rocket ship,” Ivy Zelman, the chief executive of Zelman & Associates, a research firm focused on the housing industry, said Wednesday.
Shares of exchange-traded funds that invest in bonds were rising Thursday, as investors parsed details from a fresh report on U.S. inflation that indicated more signs of cooling.
Some shoppers may take a shop-more-to-save-more approach to rationalize the rising expense of Costco’s membership, even if this often winds up leading to bigger bills.
The solar sector has been in a slump amid lower demand thanks to high interest rates, regulatory changes in California relating to rooftop incentives and rising inventories.
The seminal rap group said it has never allowed its music to be used in product advertising and asked a judge to block the use of its hit song in an online ad campaign.
For investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a series of records in 2024.
The first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank President Alberto Musalem wants to see more evidence inflation is slowing before he will back a reduction in interest rates.
Wall Street’s most reliable recession gauge now also looks like a Nov. 5 election barometer.
When Costco Wholesale Corp. announced a membership-fee increase for its shoppers late Wednesday, investors who had been eager for such a move cheered the news. Yet on Thursday, the stock fell.
This year’s deficit is on track to top last year’s, according to recent projections from the CBO.
Costco membership fees are going up to $65 for its Gold Star plan, and $130 for its Executive plan, representing a roughly 8% annual increase
The first decline in consumer prices in four years is just an hors d’oeuvre for the Federal Reserve. Its appetite to cut U.S. interest rates won’t be fully sated until the Fed gets more weak readings in its preferred inflation gauge.
Tesla Inc.’s stock fell 5% on Thursday on the heels of a report that the electric-vehicle maker will delay its closely watched Robotaxi debut by two months in order to build more prototypes.
S&P 500 fundamentals point to continuing gains.
A few weeks ago, the CPI report would have been a major plus for President Joe Biden’s re-election campaign, but right now inflation isn’t the Democratic incumbent’s biggest problem.
Declines in Tesla, Nvidia and other large tech stocks could mean a $535 billion market-cap wipeout for the grouping.
Gold futures climbed sharply on Thursday, with prices trading close to fresh record highs, as traders viewed a report that showed cooling inflation as “ammo” for the Federal Reserve to use if it cuts interest rates this year.
“With the information we have received today, which includes data on employment, inflation, GDP growth and the outlook for the economy, I see it as likely that some policy adjustments will be warranted,” Daly said Thursday.
The stock market has been in a slow-motion meltup.
The Social Security cost-of-living adjustment for 2025 might be lower than this year’s 3.2% increase as inflation moderates.