Finance

Boomers, millennials locked in ‘showdown’ over housing: Fortune

street view of high income single-family home neighborhood As baby boomers increasingly seek to age in place in their own homes — a scenario supported by both the preferences of older homeowners and the realities brought on by elevated mortgage rates — this is clashing with the desires of millennials who wish to enter the housing market, as the combination …

Read More »

D.C., Chicago are top YIMBY cities for housing development

San Francisco-based Pacaso, a tech-centric real estate marketplace, released a report Monday unveiling the top U.S. metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement, which involves numerous strategies to improve housing supply and lower the cost of living for homeowners …

Read More »

US futures slip away from records with Fed decision in focus

US stock futures drifted lower on Tuesday, setting the stage for a retreat from record highs as investors waited for the start of a Federal Reserve meeting that should signpost the path of interest rates. Futures on the S&P 500 () and the tech-heavy Nasdaq 100 () both fell roughly 0.3% on the heels of notching all-time closing highs. Dow …

Read More »

Revenue In Line With Expectations But Stock Drops 13.9%

Yext’s (NYSE:YEXT) Q1 Earnings Results: Revenue In Line With Expectations But Stock Drops 13.9% Online reputation and search platform Yext (NYSE:YEXT) reported results in line with analysts’ expectations in Q1 CY2024, with revenue down 3.5% year on year to $95.99 million. The company expects next quarter’s revenue to be around $98.2 million, in line with analysts’ estimates. It made a …

Read More »

1 Stock-Split Stock to Buy Hand Over Fist in June and 1 to Avoid

Stock splits often create excitement and buzz among investors, but not all splits are alike. Some stock splits point to fantastic long-term growth stories and great investment opportunities, while others may be overvalued speculation stories that ultimately lead to disappointments. On that note, the June 2024 stock split calendar includes two household names, and I recommend buying one but not …

Read More »

US to award Rocket Lab $23.9 million to boost satellite, spacecraft chips

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Tuesday it planned to award Rocket Lab $23.9 million to dramatically boost the production of compound semiconductors used in satellites and spacecraft. The award for Rocket Lab unit SolAero Technologies Corp “would help create a more robust and resilient supply of space-grade solar cells that power spacecrafts and …

Read More »