Tag: basic materials

Holiday earnings forecasts have been lumps of coal so far, and here come the biggest ones

Holiday earnings forecasts are disappointing investors so far, and the biggest boxes under Wall Street’s tree are coming this week. So far in earnings season, a dozen S&P 500 SPX, -0.11% companies have issued earnings guidance, and eight of them have come in lighter than expected. Investors have punished those companies — such as Intel […]

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Jumbo home-loan originations near pre-2008 crisis levels

U.S. home prices haven’t been the only thing skyrocketing during the pandemic. Originations of large “jumbo” U.S. residential mortgage loans that exceed “conforming limits” set for housing giants Freddie Mac and Fannie Mae could hit $550 billion this year, a level not seen since the run-up to the 2008 financial crisis, BofA researchers wrote Monday, […]

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