Targets chief Financial Officer. The cfo will be joining us in a power lunch exclusive to give us his financial forecast. We begin now with the health of the American House housing market, and new numbers on home sales as we begin to gear up for that spring selling season. Fingers crossed it comes. Youve got dr horton and toll. All moving to the down side. Lets get to diana who is live in washington. Hi diana. Hi mandy. After a disappointing report on january sales of existing home sales of newly built homes out today a bit more heartening but you have to keep them in perspective. Take a look. January sales came in at an annualized rate of 4,1,000. Thats flat from december but december had seen a huge 11 monthly jump, and we didnt give any of that back. Thats good. The 30year average for new home sales is over 700,000 a were. We still have a long way to go. Sales of new homes priced under 150,000 are onethird of what they were a year ago. That is why luxury home builder Toll Brothers i
Were less than one hour away from the decision. Our full coverage here on cnbc starts right now. So as we were saying its decision day. Just under an hours time the fed releases its latest statement on rates and the economy. It comes on the heels of a very week gdp this morning. Will it change position on when to raise rates . Steve liesman will break it down. Reporter fed watchers expect the fed statement to take note of the weakening economy. The big question is how much of the weakness in todays disappointing 0. 2 rise in gdp. The fed attributes to temporary factors compared with permanent ones and whether we get a huge Second Quarter bounce back the way we did last year. Now severe Winter Weather in the east, port shutdowns in the west those are the obvious temporary factors but the negative effects of a stronger dollar in terms of exports and decline in Oil Prices Also played a role. No one knows how long they will hurt the economy. What we do know it was another weak First Quarte
Rebecca Kaden is a Managing Partner @ Union Square Ventures, one of the leading early-stage firms of the last decade with investments in Twitter, Twilio,…
Stash, an investing app, is taking advantage of a tool that’s been around for some time – a convertible note. The company told TechCrunch exclusively that Investing app Stash has hired its first independent audit chair as it secures a $40M convertible note led by T. Rowe Price.