Biggest U.S. homebuilder is doing brisk business

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 18 April 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

D.R. Horton increased quarterly profit by 27%; TSMC forecasts sales increase of up to 30% on A.I. chip demand; initial jobless claims remain at a low of 212,000; U.S. investigating China’s shipbuilding industry over potential unfair subsidies.

Transcript

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0:00.0	The country's biggest home builder is doing brisk business.
0:05.0	I'm Novasafa with a Marketplace Minute.
0:08.0	D.R. Horton increased its quarterly profit by 27% thanks to strong demand for new homes.
0:14.2	There is not enough existing real estate for sale because higher interest rates are persuading
0:18.4	many homeowners to stay put.
0:20.4	D.R. Horton said it's also benefiting from offering lower-priced models.
0:25.0	The need for powerful chips to run artificial intelligence tools is boosting forecasts at T-SMC.
0:31.0	The world's largest chipmaker today said it expects to report sales in its current
0:35.2	quarter rose as much as 30 percent.
0:38.9	Initial claims for jobless benefits last week refused to budge from their low level the week prior. They
0:45.0	totaled 212,000. The US Trade Representative is investigating China's shipbuilding
0:50.8	industry and whether it received unfair government subsidies, five labor unions
0:55.4	asked for the probe and for remedies such as fees on Chinese-made vessels docking at U.S. ports.
1:02.4	I'm Novasafo with a marketplace minute.

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