Record low affordability and a dearth of houses to buy have credit analysts at BofA Global cutting their outlook for U.S. home price growth to zero in 2023, while also Read more
Tag: basic materials
Why Okta, Twilio and Salesforce are bucking the trend of cloud-software stocks’ slide
Cloud-software stocks continued to sell off Monday, following one of the space’s worst weeks ever, although not as fast as Friday selloff as a few beaten-up stocks received upgrades and Read more
Gold prices post their highest finish in almost 4 weeks
Gold futures on Monday scored a second consecutive session gain to finish at their highest price in nearly four weeks. Copper futures, meanwhile, retreated following sharp gains late last week Read more
A home buying tactic from the ’70s and ’80s is seeing a revival—here’s how it works and what buyers and sellers get out of it
Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. It’s called a temporary buydown, and it Read more
Peabody, Australia’s Coronado end talks over potential merger
SYDNEY — Coronado Global Resources Inc. and Peabody Energy Corp. mutually agreed to end talks over combining to create a new global coal giant. Australia-listed Coronado CRN, -6.17%, which also Read more
The end of the pandemic earnings boom is in sight as holiday forecasts disappoint
Large corporations’ seemingly ceaseless profit growth during the COVID-19 pandemic appears to be coming to an end this holiday season, as the post-lockdown rebound grates up against rising prices, recession Read more
The cloudburst is upon us: Cloud-software stocks suffering worst declines on record
The lining in cloud-software stocks Friday was blood red instead of silver. Forecasts from former software darlings this week added to fears about businesses cutting back on capital spending in Read more
Opinion: Don’t cheer yet — rising gold prices are likely to reverse
Long-suffering gold bugs will likely have to suffer a while longer. That’s because gold traders on the whole have not thrown in the towel and thereby given up on the Read more
Silver climbs to 3-week high as investors await U.S. jobs report
Gold and silver advanced Friday with prices for the latter reaching their highest level in more than three weeks ahead of the October jobs report. Price action Gold prices for Read more
U.S. stocks poised to break four-day losing streak, as jobs data looms
U.S. stock futures were pointing higher on Friday, indicating Wall Street could break a four-day losing streak, though investors had one major hurdle to get through first — the nonfarm Read more