Homebuilder confidence hits record helped by urban exodus

‘Almost impossible’ to build homes in some areas: NAHB CEO National Association of Home Builders President and CEO Jerry Howard argues his industry is doing very well despite dealing with high material costs and labor shortages. U.S. housing remains red hot and that's good news for the nation's builders benefiting from record low-interest rates and those individuals leaving big cities […]

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Clarida Says Economy Facing Lengthy Recovery Amid Uncertainty

Federal Reserve Vice Chair Richard Clarida said the U.S. economy faces a long and uncertain recovery from the Covid-19 pandemic, and requires continued support from monetary and fiscal policy. “It will take some time to return to the levels of economic activity and employment that prevailed at the business cycle peak in February, and additional support from monetary — and […]

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Dow gains 100 points on stimulus hopes, ConocoPhillips $9.7B deal

How will the 2020 presidential election affect the market? John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, joins ‘Barron’s Roundtable.’ U.S. stocks jumped Monday morning on hopes that lawmakers reach some type of stimulus deal before the election. Continue Reading Below Over the weekend, Speaker of the House Nancy Pelosi set a 48-hour deadline to reach a deal on […]

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Virus Resurgence Sends Canadian Confidence Lower for Third Week

Consumer confidence is taking a hit in Canada after a second wave of Covid-19 prompts renewed restrictions on businesses and social gatherings. The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations, dropped more than half a point to 51.9 in the week ended Oct. 16. The third-straight decline brought the index to the lowest […]

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Dark déjà vu for European economy as virus cases spike

Fox Business Flash top headlines for October 16 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Europe’s economy was just catching its breath from what had been the sharpest recession in modern history. A resurgence in coronavirus cases this month is a bitter blow that will likely turn what was meant to be a period […]

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S&P 500 Is Running Low on Buyers in Middle of Earnings Season

Going by early returns, this earnings season is shaping up as a historical one relative to forecasts. Its impact on the market has been less memorable. Among S&P 500 companies that have disclosed results, 86% beat analyst estimates, on pace for the best showing since Bloomberg began tracking the data in 1993. That’s doing little to excite the bulls: shares […]

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