The nation’s closely watched Consumer Price Index fell to a nine-month low of 7.7% in October, as the impact of rising interest rates and weaker consumer demand saw the key benchmark post its fourth consecutive decline. According to the latest government data from the Bureau...
The ranks are thinning at FinTech firms. In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal Reserve, a spate of layoffs also rocked the sector, including a few members of the FinTech IPO Index. The cuts...
Opendoor Technologies reported it lost money on 42% of transactions in August as the U.S. housing market falters for builders, flippers and others looking to sell houses, Bloomberg wrote Monday (Sept. 19). Opendoor has warned investors that it thinks it’ll lose as much as $175 million...
RH, the high-end furniture retailer, has seen its stock tumble in extended trading, after it cut its forecast, Bloomberg reported Wednesday (June 29). This was the second time the company cut its forecast in a month. RH said the culprits are high mortgage rates and...
November 04, 2022
The ranks are thinning at FinTech firms. In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal Reserve, a spate of layoffs also rocked the sector, including a few members of the FinTech IPO Index. The cuts are a response to a macro climate that scarcely could […]
May 01, 2024
Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted annual rate of $2.083 trillion, 0.2% below the revised February estimate of $2.087 trillion. A report by Reuters notes the dip was unexpected, as economists polled by the news organization had […]
November 10, 2022
The nation’s closely watched Consumer Price Index fell to a nine-month low of 7.7% in October, as the impact of rising interest rates and weaker consumer demand saw the key...
September 19, 2022
Opendoor Technologies reported it lost money on 42% of transactions in August as the U.S. housing market falters for builders, flippers and others looking to sell houses, Bloomberg wrote Monday (Sept....
June 29, 2022
RH, the high-end furniture retailer, has seen its stock tumble in extended trading, after it cut its forecast, Bloomberg reported Wednesday (June 29). This was the second time the company...
