Property prices continue to hit new records, with the national average home now worth $973,300 in the three months to the end of June, according to the Australia Bureau of Statistics. Prices in NSW ($$1,222,000) remains the highest in the country, followed by the ACT ($953,900) and Victoria ($900,300). But SQM Research managing director Louis … Read more
Corient partner and wealth advisor Amy Kong joins sector Domination hosts Julie Hyman and Josh Lipton in a discussion about what this week’s economic data means for expected finance charge rate cuts and what’s next for the sector after the focus shifts beyond the first cut. “We are certainly at a point where the surge … Read more
The August jobs report came in weaker than expected last Friday, leaving investors wondering how the labor print, along with upcoming inflation data releases this week, could impact Federal Reserve policy and the broader economy. To discuss the economic outlook, Morningstar Chief US Economist Preston Caldwell joins Catalysts. Caldwell believes the Fed will continue cutting … Read more
The average rate for a 30-year fixed property loan was flat at 6.35% for the week ending September 5, according to data from Freddie Mac. Redfin chief executive officer Glenn Kelman (RDFN) says that homebuyers are very slowly responding to the drop in rates, saying he has “never seen buyers respond so sluggishly to low … Read more
The tech sector (XLK) is under pressure Friday, with the Nasdaq Composite (^IXIC) tumbling 2.5%. Goldman Sachs Senior Equity Research Analyst Eric Sheridan joins industry Domination to discuss his outlook on the digital consumer. Sheridan notes that when it comes to the digital consumer, there isn’t a “black and white” answer regarding the health of … Read more
Shares of Broadcom (AVGO) are under pressure after its lackluster sales forecast for the fourth quarter overshadowed its earnings beat. The Futurum Group top executive Daniel Newman joins Morning Brief to dig into the chip firm’s earnings and its overall outlook amid a heated AI race. “Clearly, the street wasn’t happy. They were looking for … Read more
The US Bureau of Labor Statistics reported that 142,000 nonfarm jobs were added to the labor industry in August, below expectations for 165,000. The unemployment rate eased to 4.2% and average hourly wages moved higher to 3.8%. The Morning Brief welcomes RSM Chief Economist Joe Brusuelas and Academy Securities Head of Macro plan Peter Tchir … Read more
A ‘Mornings with Maria’ panel discuss the August jobs data and the state of the U.S. economy. Subscribe to Fox enterprise! https://bit.ly/2D9Cdse Watch more Fox enterprise Video: https://video.foxbusiness.com Watch Fox enterprise Network Live: http://www.foxnewsgo.com/ FOX enterprise Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered … Read more
ISM’s Services PMI (Purchasing Managers’ Index) saw the sector grow in August, according to a print of 51.5 which was above expectations for 51.4. “We’re putting every data point under a microscope,” Freedom Capital Markets chief global strategist Jay Woods tells Madison Mills and Brad Smith on Catalysts, emphasizing the importance of economic data leading … Read more
In 2023, Gen Z led in homeownership among young adults, with a higher rate of homeownership at age 24 compared to millennials and Gen X at the same age. Despite their relatively small share of the housing sector and challenges like high prices and limited inventory, many Gen Z individuals are determined to buy homes … Read more