D.R. Horton jumps on profit beat despite soft housing market

Shares of D.R. Horton rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020. The builder’s stock […]

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Bessent sees no reason for Powell to step down from Fed now

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down. “There’s nothing that tells me that he should step down right now,” Bessent said of the US central bank chief, speaking Tuesday on Fox Business. “His

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