US homebuilder stocks fell sharply after Donald Trump announced a 50% steel tariff, stoking fears of higher material costs, while April construction spending declined 0.4% against expectations.
#YonhapInfomax #Trump #SteelTariff #HomebuilderStocks #ConstructionSpending #PulteGroup #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
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Trump’s “50% Steel Tariff” Remarks Send US Homebuilder Stocks Tumbling

US homebuilder stocks fell sharply after Donald Trump announced a 50% steel tariff, stoking fears of higher material costs, while April construction spending declined 0.4% against expectations.

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MSCI $MSCI beats Q2 expectations with EPS of $3.64 (est. $3.55) and revenue of $707.9M (est. $696.4M). #Earnings #MSCI

PulteGroup $PHM beats Q2 estimates with EPS of $3.83 (est. $3.27) and revenue of $4.60B (est. $4.49B). #Earnings #PulteGroup

PulteGroup (#PHM) in its earnings report, with an EPS of 3.1, surpassing the forecast of 2.36, and revenue totaling 3.95B, exceeding expectations of 3.58B. #PulteGroup #Earnings
PulteGroup (#PHM) impresses with robust earnings, reporting an EPS of 3.1, significantly surpassing the forecast of 2.36, and revenue reaching 3.95B, exceeding expectations of 3.58B. #PulteGroup #Earnings

Homebuilding company executive carried a noose and warned employees 'not to hang themselves' in meeting, lawsuit says | CNN

Three Black former employees of the homebuilding company #PulteGroup are suing the company for allegedly violating their civil rights, citing several incidents that include a White executive bringing a noose to a meeting with employees.

The suit was filed in Michigan’s Ingham County Circuit Court earlier this month by attorneys representing Idus Hartsfield, Richard Turnbow and Roderick Hunter, who live in Georgia. In their suit, the former employees accuse the construction company of racial discrimination, fostering a hostile work environment and retaliating against Black employees.

https://www.cnn.com/2023/05/18/us/pultegroup-executive-noose-lawsuit-reaj/index.html