US stock-index futures fell as concerns over the Federal Reserve’s aggressive rate-hike path outweighed robust corporate earnings and China’s stimulus plans. September contracts on the S&P 500 Index slipped 0.8% after the equity benchmark posted modest gains Tuesday amid a rally in retailer stocks. Nasdaq 100 futures retreated 0.9% signaling a selloff in technology names …
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Haitham Al-Ghais says Chinese consumption fears are overdone Oil market could comfortably absorb extra Iranian supplies Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. Fears over slowing consumption in China and the wider world — …
CEO confidence tumbles again, down for 5th consecutive quarter NEW YORK, Aug. 17, 2022 /PRNewswire/ — The Conference Board Measure of CEO Confidence in collaboration with The Business Council declined for the fifth consecutive quarter in Q3 2022. The Measure now stands at 34, down from 42 in Q2. The Measure has fallen deeper …
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In another sign that builders are putting down their tools, housing starts — or the number of homes that began construction in a given period — declined a sharp 9.6 percent in July, with single-family homes leading the drop-off. This is the second indicator in as many days that the housing market is entering a …
Continue reading “Housing Market Continues to Slow as Recession Fears Loom”
Crude oil prices fell further on Tuesday, with WTI falling to its lowest benchmark price since January this year. Crude oil prices began their fall on Monday, dragged down by China’s disappointing economic data that led to China’s central bank cutting lending rates. WTI prices fell to $86.13 per barrel by 2:24 pm ET, down …
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The United Kingdom’s Consumer Price Index (CPI) increased by 10.1% in July in comparison to the same period a year earlier, the report from the Office for National Statistics showed on Wednesday. The figure came in above analysts’ expectations of 9.8% and saw a rise from June’s figure of 9.4%, marking a fresh 40-year high. …
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Republican Representative Liz Cheney lost the Wyoming primary, according to media projections. She conceded the race to Harriet Hageman, who was endorsed by former United States President Donald Trump. Cheney is currently the highest-profile Trump critic in the GOP, voting to impeach him following the Capitol riot. She is also one of only two Republican …
July economic data soured on the back of China’s restrictive zero-Covid policy. China’s central bank cut lending rates on Monday. Crude prices crashed by more than 5% on Monday morning. Oil prices fell sharply on Monday, dragged down by disappointing economic data from the world’s largest crude oil importer and the world’s second-largest crude oil …
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Wells Fargo & Co. is planning to reduce its vast mortgage empire, which once produced out one of every three home loans in the US Wells Fargo (NYSE:WFC) is planning to dramatically reduce the size of its mortgage lending business, Bloomberg reported Monday, shedding its commitment to be No. 1 in the business x years …
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https://youtu.be/AIfKJAm2Fmo Jerry Howard, National Association of Home Builders (NAHB) CEO, has plenty of experience in the housing industry. Prior to joining NAHB, Jerry served as the Chief Lobbyist for the National Council of State Housing Agencies. For over a quarter of a century, Jerry has been analyzing the housing market. In a interview with Bloomberg, …