

Stocks moving in after hours: Lennar, KB Home
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Stocks moving in after hours: Lennar, KB Home
Yahoo Finance Live's Seana Smith looks at stocks trending in today's after-hours session.
Stocks moving in after hours: Lennar, KB Home
Yahoo Finance Live's Seana Smith looks at stocks trending in today's after-hours session.
- Yahoo Finance Video
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Stocks trending after hours: Lennar, KB Home, General Motors and more
Top trending stocks in after hours trading on Wednesday, September 21, 2022.
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Fed's Powell: U.S. housing market headed for 'correction'
"There was a big imbalance ... housing prices were going up at an unsustainably fast level," Powell said at a news conference following the Fed's decision to raise its policy rate by another 75 basis points. The Fed's rate hikes this year have had their biggest impact on the housing sector, slowing sales and bringing prices a bit lower.
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Costco Stock: Costco Earnings Due Amid Membership Price Hike Buzz
Costco Wholesale (COST) will report fourth-quarter results Thursday as investors wait to see whether the warehouse club will raise membership prices and has continued to weather cost pressures better than its big-box peers. Costco stock was down Wednesday. With the bulk of Costco's profits coming from its membership model, the warehouse retailer seems better positioned than discount rivals to keep...
3h ago - Reuters
C$ slides to 2-year low as Fed eyes higher end-point for rates
The Canadian dollar slumped to a two-year low against its U.S. counterpart on Wednesday before paring its decline, as investors weighed the Federal Reserve's plans to continue raising interest rates to tackle inflation. The Canadian dollar was trading 0.3% lower at 1.34 to the greenback, or 74.63 U.S. cents, after touching its weakest since August 2020 at 1.3445. "The Fed didn't shock anyone by hiking rates 75 bps (basis points), but did prove more hawkish in forecasting a higher terminal rate than markets were anticipating," said Royce Mendes, managing director and head of macro strategy at Desjardins.
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