US housing hold-ups put thousands of jobs on the line

US housing hold-ups put thousands of jobs on the line

Low interest rates, stimulus payments and working from home during the coronavirus pandemic had prompted many millennials to hunt for new homes, fueling a red-hot US housing market. But the market is now cooling amid economic uncertainty resulting from the Ukraine conflict and a jump in mortgage rates as the Federal Reserve raises the cost … Read more

Companies aggressively marketed baby formula. Then there was a shortage

Companies aggressively marketed baby formula.  Then there was a shortage

New York CNN Business — The baby formula shortage in the United States has left many mothers and families desperately scrambling to feed their infants. The shortage has been made more acute by the low rate of breastfeeding in the country compared to most industrialized nations, health researchers say, which has made the United States … Read more

US housing hold-ups put thousands of jobs on the line

US housing hold-ups put thousands of jobs on the line

Low interest rates, stimulus payments and working from home during the coronavirus pandemic had prompted many millennials to hunt for new homes, fueling a red-hot US housing market. But the market is now cooling amid economic uncertainty resulting from the Ukraine conflict and a jump in mortgage rates as the Federal Reserve raises the cost … Read more

Snap’s Warning Puts the Spotlight on Advertising. These Stocks Are at Risk.

Snap’s Warning Puts the Spotlight on Advertising.  These Stocks Are at Risk.

Shares of companies with significant advertising businesses were falling on Tuesday after social-media platform Snap alert about the current quarter. Daniel Acker/Bloomberg Text size Shares of companies with significant advertising businesses were tumbling on Tuesday, after Snap warned the prior evening that it wouldn’t meet expectations for the current quarter. A weaker economic environment and … Read more

Best and Worst Spots in the US Housing Market, According to Lennar

Best and Worst Spots in the US Housing Market, According to Lennar

Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ‘s co-CEO Richard Beckwitt on an earnings call provided a tour of US housing markets. “So far in June, new orders, traffic, sales incentives, and cancellations have increased in many of our markets due to a … Read more

Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week

Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week

Text size Uncredited US stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders, 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