J.P. Morgan Predicts the Fed Will Make No Interest Rate Cuts in 2026—but Expects a ‘Hike’ Next Year

J.P. Morgan Predicts the Fed Will Make No Interest Rate Cuts in 2026—but Expects a ‘Hike’ Next Year

The top economist at J.P. Morgan believes the Federal Reserve is done cutting interest rates and will hold policy steady through 2026, with the next move likely a hike in 2027. “We... Read more »
RH shares pop on Q4 earnings as the company expects accelerated demand

RH shares pop on Q4 earnings as the company expects accelerated demand

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Anthony Chukumba, Loop Capital Markets senior research analyst, joins ‘Closing Bell: Overtime’ to discuss RH earnings report as shares... Read more »
loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. It wasn’t enough to bring the California-based lender company profitability, but it narrowed its losses.  Operationally,... Read more »
UBS’ John Lavollo expects persistent cash flow from homebuilders this year

UBS’ John Lavollo expects persistent cash flow from homebuilders this year

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email John Lavollo, UBS analyst, joins ‘Squawk on the Street’ to discuss the optimism in the housing market in 2024... Read more »
loanDepot reports a M loss in Q3, expects lower volumes ahead

loanDepot reports a $26M loss in Q3, expects lower volumes ahead

loanDepot, the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday.  Total... Read more »