SlavkoSereda/iStock via Getty Images Crude oil futures fell Monday after Hurricane Beryl hit Texas and weakened to a tropical storm, with little apparent impact on refining activity and limited effects on offshore production. But while Beryl is unlikely to cause significant interruptions in fuel supply, heavy rains and flooding inContinue Reading
Luis Alvarez The U.S. Department of Labor’s nonfarm payrolls report for June, due this Friday, is likely to be a mixed bag, with growth expected to continue but at a slower pace than prior months. The report, which is the largest of the department’s several labor-related data reports, is likelyContinue Reading
ArtistGNDphotography/E+ via Getty Images Citi downgraded home builders Lennar (NYSE:LEN) and D.R. Horton (NYSE:DHI) to Neutral from Buy on softening housing activity this summer. The analysts trimmed both LEN’s and DHI’s estimated EPS for FY24. For both LEN and DHI, Citi said it sees limited near-term catalysts for the stockContinue Reading
