Homebuilders D.R. Horton and Lennar saw their shareholder returns outperform the S&P 500 during the period from August 2014 to August 2024. However, this trend took a turn when analysts downgraded their investment outlook this summer. Despite this setback, there are still some investors who hold onto optimism regarding the industry’s performance. In the aftermath
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Auction sales during Monterey Car Week saw a 3% decrease from the previous year, largely attributed to a shift in preference towards newer cars. This shift has resulted in a surplus of unsold classic cars from the 1950s and 1960s. Total sales at the five main auctioneers in Monterey, including RM Sotheby’s, Broad Arrow, Gooding
Remote work has become an integral part of the U.S. labor market, with economists seeing it as a significant shift that is here to stay for a long time. The rise of remote work was accelerated by the Covid-19 pandemic, leading to a widespread adoption of work-from-home arrangements. This trend has not only persisted but
Retirees facing income from various sources such as Social Security, pensions, retirement plans, and other investments often struggle with tax obligations. The IRS requires retirees to either withhold taxes or make quarterly payments to avoid penalties. While the quarterly estimated tax deadlines are well-known, there is a lesser-known year-end strategy that can help retirees cover
Recent data from the National Association of Realtors shows that closed sales of previously owned homes increased by 1.3% in July compared to June. This marks the first gain in five months, although sales were still 2.5% lower than the same period last year. The Northeast saw the biggest gains in sales while the Midwest
Federal Reserve President Patrick Harker recently made a bold statement supporting an interest rate cut in September. During an interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming, Harker emphasized the need for monetary policy easing in the near future. This stance aligns with the sentiment expressed in minutes from the last
Danish biotech company Bavarian Nordic experienced a notable 13% increase in its shares after reporting earnings that surpassed expectations and securing a substantial vaccine order from a European country in response to the mpox outbreak. The company revealed second quarter revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million
The future of Paramount Global remains uncertain as the special committee recently announced that they would be extending the “go shop” period of its merger agreement with Skydance by 15 days. This decision comes as the committee reviews a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements,
After funneling money into pretax retirement accounts, retirees will eventually face mandatory withdrawals in retirement known as required minimum distributions, or RMDs. While RMDs can trigger higher taxes, they can also offer an opportunity to optimize your investment portfolio, according to experts. Certified financial planner Matthew Saneholtz, chief investment officer and senior wealth advisor at
Ford Motor recently announced that they will be delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee and cancelling plans for a three-row electric SUV. This decision comes as a surprise to many, as the automotive industry has been heavily leaning towards electric vehicles in recent years. Instead, Ford