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Us homebuilders' confidence rose for the first time in five months in September
Confidence among U. S. homebuilders climbed in September as timber prices fell and demand for housing was strong. The confidence index of builders rose for the first time in five months, to 76 from 75 in August, according to data released by the National Association of Home Builders (NAHB) / Wells Fargo & Co on Monday. Economists surveyed by Bloomberg expect the median to fall slightly to 74. As builders take respite from falling raw material prices, the property market remains strong and prices continue to rise. NAHB said housing affordability will be a key challenge in the coming quarters. The report also shows that current sales indicators and potential buyer traffic refer to
Costs erode profits investors in Internet fitness company Peloton face new choices
Investors in Peloton woke up last Thursday. Many expect the online fitness equipment maker to report a slowdown in sales. As the gym reopened, outdoor running and holidays began. But what investors didn't expect was a 20% drop in the price of the company's best-selling product and an increase in marketing spending. Growth is slowing and profit margins are low. On Friday, Peloton reported a higher-than-expected fourth-quarter loss. For most of 2020, when the gym was closed because of COVID-19, the company launched a wave of home consumers willing to spend thousands of dollars to burn calories
Confidence among US homebuilders fell to an 11-month low in July
The index fell for the second month in a row, with current sales indicators at an 11-month low and future sales expectations higher due to high oil prices and supply problems. Us builders' confidence fell back to an 11-month low in July, affected by rising raw material prices and persistent supply shortages. Data from the National Association of Home Builders / Wells Fargo released on Monday showed that builders' confidence fell for the second month in a row, to 80 percent from 81 in June. The median expected by economists is that the index will be the same as last month. The data highlights how rising raw material costs and supply chain disruptions are preventing builders from quickly replenishing inventories of available homes. Low
Yellen: Americans earning less than $60,000 a year should get stimulus checks
Us Treasury Secretary Yellen said on Sunday that American workers earning less than $60, 000 a year should receive stimulus checks as part of a $1.9 trillion epidemic relief package proposed by the White House. "the details have yet to be worked out, but struggling middle-class families need help," Yellen said in an interview. " The White House had previously said it was willing to negotiate who should be eligible for the proposed $1400 stimulus check, but declined to specify what it thought the income threshold should be. "President Biden is certainly willing to work with members of Congress to define what is fair," Yellen said.
Sporadic signs of improvement in the US economy may make it harder for Biden to persuade Congress to approve the stimulus package
The number of first-time jobless claims has fallen for two weeks in a row, and consumer confidence continues to rise. Economists expect a median increase of 70, 000. There are sporadic signs that the US economy is rebounding from the downturn at the end of last year, which may complicate President Joe Biden's efforts to persuade Congress to approve the $1.9 trillion stimulus package. First-time jobless claims have fallen for two weeks in a row, and non-farm payrolls announced on Friday are expected to rebound from December. The manager in charge of purchasing for American companies reported an increase in business last month, and residential builders also said demand was still
Us stocks rebounded strongly for two consecutive days after the plunge, but analysts poured cold water on it, saying that there was a 10% drop in the afternoon.
Original title: us stocks rebounded strongly for two consecutive days after a sharp fall, but analysts poured cold water on it and said there was a 10% drop in the afternoon. Us stocks closed higher for two days in a row, but Dwyer, chief market strategist at Canaccord, said that this was only a technical rebound in the downtrend, and that the US stock market would still have a deep correction of 5 to 10 per cent in the future. Speculative trading faded and u.s. stocks closed higher for two days in a row, but analysts think the market is pulling back. although the stock market began to rebound this month as the Reddit fever abated, Dwyer believes the stock market will see a 5% to 10% pullback. Dwyer said that this time,
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