As U.S. lawmakers wrangle over spending legislation, here’s how some key government functions would be affected by a shutdown.
Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to reignite buying.
Wednesday’s steep selloff in the stock market triggered a sudden spike in Wall Street’s “fear gauge,” posing a buying opportunity for investors and may spark a strong year-end stretch for stocks, according to market analysts.
Existing-home sales rose to a rate of 4.15 million in November, the National Association of Realtors said.
Analysts are largely upbeat on Micron’s stock, pointing to an upbeat AI narrative while noting that pressures on consumer markets shouldn’t be much shock to Wall Street.
The shocking strength of the economy helps explain the Federal Reserve Scrooge-like plans for interest rate cuts next year. And the latest update on GDP over the summer offers another reminder.
Conagra, which makes blockbuster supermarket brands such as Birds Eye and Healthy Choice, sees inflation close to 4%.
Jobless claims are the early-warning radar for the U.S. economy, and they still show no trouble on the horizon. The number of Americans who applied for unemployment benefits in middle of December fell to a low 220,000.
