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Real Estate Market
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Quanex Building Products (NX) Q3 Sales Rise 1.3% to $501.8M, Returns to Profitability
Quanex Building Products reported Q3 fiscal 2026 sales of $501.8 million, up 1.3% year-over-year, with adjusted EPS increasing to $0.79 from $0.69. The company returned to profitability with a net inc
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China's draft cross-border anti-corruption law submitted to the Standing Committee of the National People's Congress for deliberation, potentially impacting Hong Kong's financial and real estate markets.
The bill aims to punish corrupt officials severely and expand the scrutiny of large amounts of wealth transferred overseas.
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Rocket Companies (RKT) stock slipped 2% to $14.50 in Tuesday trading, extending Monday's 2% decline, as higher rates and weak mortgage activity weighed on the housing market.
The stock remains over 40% below its 52-week high. Rocket Companies' Monday performance, with a 2% drop, was better than UWM Holdings (UWMC)'s 6% decline, suggesting it has recently held up better tha
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Morgan Stanley Cuts China's 2026 GDP Forecast to 4.6% from 4.8%
Morgan Stanley has lowered its 2026 China GDP forecast to 4.6% from 4.8%. This revision follows weaker-than-expected economic activity in June. The bank cited slowing infrastructure spending, softer c
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Quanex Building Products (NX) Q3 Sales Rise 1.3% to $501.8M, Returns to Profitability
Quanex Building Products reported Q3 fiscal 2026 sales of $501.8 million, up 1.3% year-over-year, with adjusted EPS increasing to $0.79 from $0.69. The company returned to profitability with a net inc
-
China's draft cross-border anti-corruption law submitted to the Standing Committee of the National People's Congress for deliberation, potentially impacting Hong Kong's financial and real estate markets.
The bill aims to punish corrupt officials severely and expand the scrutiny of large amounts of wealth transferred overseas.
-
Rocket Companies (RKT) stock slipped 2% to $14.50 in Tuesday trading, extending Monday's 2% decline, as higher rates and weak mortgage activity weighed on the housing market.
The stock remains over 40% below its 52-week high. Rocket Companies' Monday performance, with a 2% drop, was better than UWM Holdings (UWMC)'s 6% decline, suggesting it has recently held up better tha
-
Morgan Stanley Cuts China's 2026 GDP Forecast to 4.6% from 4.8%
Morgan Stanley has lowered its 2026 China GDP forecast to 4.6% from 4.8%. This revision follows weaker-than-expected economic activity in June. The bank cited slowing infrastructure spending, softer c
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