Lululemon Slides as New Product Sales Pause Spooks Analysts

Jul 25, 2024 | Markets

Retailer cut from JPMorgan top stocks list, downgraded by Citi Stock closed down 9.1% to the lowest level since May 2020 Lululemon Athletica Inc. shares dropped to their lowest level in four years as analysts raised fresh concerns about the company’s ability to hit...

US New-Home Sales Unexpectedly Decline to a Seven-Month Low

Jul 24, 2024 | Markets

Contract signings eased 0.6% in June to 617,000 annual rate New-home inventory increased to highest level since 2008 Sales of new US homes unexpectedly declined to a seven-month low in June as the mix of stubbornly high mortgage rates and prices deterred prospective...

Algorithms Push Oil Prices to Five-Week Low

Jul 23, 2024 | Markets

Oil prices dropped on Tuesday to their lowest point in five weeks, driven by a wave of algorithmic selling. The U.S. benchmark WTI has now dipped as much as 1.6% to a level that is dangerously close to $77 per barrel. The decline follows the surpassing of key...

US Home Deals Fell Apart at a Record Rate for June, Redfin Says

Jul 23, 2024 | Markets

More sellers are cutting asking prices on listed homes Properties have been lingering on the market for longer US home deals were canceled at the highest rate on record for a June as affordability pressures sidelined potential buyers. Nearly 56,000 home purchases were...