Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Rough quarter? Supervalu serves up its latest quarterly report card today. Wall Street predicts that the grocery chains fiscal third-quarter earnings and revenue declined from a year earlier. That would be in line with the companys results in the previous two quarters. Supervalus bottom line has been hurt by costs related to store closures and declining sales.

Eye on home loans Long-term mortgage rates have been mostly rising for several weeks, making home loans more expensive. After nine straight weeks of increases, rates on 30-year fixed-rate loans dipped last week to an average 4.20 percent from 4.32 percent the previous week. Did the dip spur more would-be homebuyers to apply for a mortgage? Find out today, when the Mortgage Bankers Association releases its latest weekly home loan application data.

Spring looking up? KB Homes latest quarterly results should provide insight into prospects for the upcoming spring home-selling season. Financial analysts expect the homebuilder to report today that its fiscal fourth-quarter earnings declined from a year earlier, even as revenue increased. Beyond earnings, investors will be listening for an update on how the builder sees sales trends shaping up this spring, traditionally homebuilders peak period for home sales.

Devices go flat Do you need the latest must-have gadget? Then you might be in the minority. Experts expect a sluggish 2017 when it comes to global demand for electronic devices, mainly because much of the world already has what it needs. Gartner projects total worldwide shipments of computers, smartphones and other electronics of 2.32 billion units this year precisely the same number as in 2016. No wonder the firm says global device demand is stagnating. Phone shipments are flat or falling everywhere but the Asia-Pacific region, while the PC market wont bottom out until next year, the firm says. …

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