Higher interest rates are exacerbating problems in the housing market, from low inventory to a decrease in home buying. Research from Harvard University found that total spending on home improvement is expected to decline by 7.7% over the next year. Yahoo Finance Reporter Dani Romero joins the Live show to break down the data and give insight into U.S. housing market headwinds that may stay present for the foreseeable future. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Higher interest rates are exacerbating problems in the housing market, from low inventory to a decrease in home buying. Research from Harvard University found that total spending on home improvement is expected to decline by 7.7% over the next year. Yahoo Finance Reporter Dani Romero joins the Live show to break down the data and give insight into U.S. housing market headwinds that may stay present for the foreseeable future.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The Wall Street Journal
Shares of AT&T have had a good week. AT&T stock was recently up 3%, on pace for its best week since last October, buoyed by [upbeat news](https://www.wsj.com/livecoverage/stock-market-news-today-10-19-2023/card/at-t-lifts-free-cash-flow-outlook-boosting-shares-8LYYI1T4HR1UkfUksJIS) about cellphone customer growth and its outlook for free cash flow.
Reuters
(Reuters) -French car parts maker Forvia on Friday posted solid organic sales growth for the third quarter, but warned that the spreading United Auto Workers strike will take a bigger bite out of revenue in October and could lead to layoffs. The world's seventh largest automotive supplier said the impact of the UAW strikes on its U.S. sales was about 6 million euros ($6.34 million) in the past quarter, but that should rise to around 55 million euros in the month of October. The UAW strike has hit the one-month mark, with more than 34,000 union members working at Ford, General Motors and Chrysler parent Stellantis out on strike, including those who went out on strike at Ford's cash-cow Kentucky pickup truck plant last week.
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