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Owens Corning (NYSE:OC) has appointed former Freddie Mac chief executive Michael DeVito to its Board of Directors. DeVito previously led Freddie Mac and held senior housing finance roles at Wells Fargo, focusing on U.S. mortgage and consumer lending. His background in credit risk, capital allocation and housing finance governance is expected to inform board level oversight at Owens Corning. The appointment of Michael DeVito to Owens Corning’s board is an important boardroom shift to weigh...
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Higher for longer now sounds less like a slogan and more like the Fed’s base case, with rates at 3.75% to 4.00% and another hike on the table. That backdrop can punish growth stories that rely on cheap money, while investors who want income and sturdier balance sheets start paying closer attention to large-cap value and dividend stocks. This article examines three such U.S. large-cap dividend stocks that are closely tied to this rate environment and why they may warrant a closer look...
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