Over the past decade, top homebuilders such as D.R. Horton and Lennar have shown impressive returns, outpacing the broader S&P 500 index. However, recent downgrades in their investment outlook have raised concerns among analysts about the industry’s future prospects. Despite this, there are still investors who remain optimistic about the performance of homebuilders in the
admin
The annual Monterey Car Week auction sales have experienced a 3% decline from the previous year, indicating a shift from older classic cars to newer models. This shift has resulted in a surplus of unsold classic cars from the 1950s and 1960s. Total sales at the five car auctioneers in Monterey, including RM Sotheby’s, Broad
The rise of remote work in the U.S. labor market has been described as one of the major shifts in recent decades by economists. This trend, which became more prominent during the Covid-19 pandemic, shows no signs of disappearing anytime soon. According to Nick Bunker, the economic research director for North America at job site
Retirees face the challenge of managing their income sources to ensure they are meeting their tax obligations to the IRS. The quarterly estimated tax deadlines can be a burden, but there is a lesser-known year-end strategy that can help retirees cover their taxes while still staying compliant with IRS rules. Experts recommend using required minimum
In July, closed sales of previously owned homes increased by 1.3% compared to June, reaching a seasonally adjusted, annualized rate of 3.95 million units. This marked the first uptick in sales after five consecutive months of decline. However, sales were still 2.5% lower compared to the same period last year. The Northeast region experienced the
Philadelphia Federal Reserve President Patrick Harker recently voiced his support for a potential interest rate cut in September. Speaking at the Fed’s annual retreat in Jackson Hole, Wyoming, Harker emphasized the need for monetary policy easing as a means to address economic challenges. Harker’s stance reflects growing confidence among officials regarding the trajectory of inflation
Danish biotech company Bavarian Nordic has recently made waves in the market with its impressive financial performance. The company reported second quarter revenues of 1.43 billion Danish krone ($213 million) and operating profit of 420 million krone, surpassing analyst expectations. This positive news has driven a 13% increase in the company’s shares, indicating investor confidence
The future of Paramount Global is hanging in the balance as the special committee has decided to extend the “go shop” period of its merger agreement with Skydance by 15 days. This extension comes as Edgar Bronfman Jr. presents a competing offer for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. Initially offering $4.3
After funneling money into pretax retirement accounts, one will eventually encounter required minimum distributions (RMDs) during retirement. While RMDs might lead to higher taxes, they can present an opportunity to optimize your portfolio, according to experts. Certified Financial Planner Matthew Saneholtz, Chief Investment Officer and Senior Wealth Advisor at Tobias Financial Advisors in Plantation, Florida,
Ford Motor’s recent announcement regarding the delay in production of a next-generation all-electric pickup truck and the cancellation of plans for a three-row electric SUV highlights a shift in the company’s electric vehicle strategy. Instead of focusing solely on all-electric vehicles, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles.