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Discussions on economic structural changes amid consumer goods earnings slump and interest rate hikes

The Motley Fool +1 ·

GM General Motors Company
$82.73 +0.58%
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NKE -0.09%LEN LEN -1.17%
  1. 1Lennar reported a 9% decrease in new home orders and a 30% drop compared to prices one year ago.
  2. 2GM revenue decreased by 6.8% earlier this year and Nike also saw a decline in revenue.
  3. 3The Federal Reserve raised interest rates this week.

So what's the key point?

Lennar home orders fell by 9%, and revenue for GM and Nike also declined. Corporate earnings appeared weak alongside interest rate hikes.

Source The Motley Fool +1 · View original ↗

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