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
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
Berkshire Hathaway (BRK-B, BRK-A) top executive and chairman Warren Buffett has trimmed the holding firm’s stake in Apple (AAPL) and money institution of America (BAC). Berkshire Hathaway continues to be the largest money institution of America shareholder. To talk more about Buffett’s and Berkshire’s latest collection of investments moves, collection of investments Wealth Advisors President … Read more
The Federal Reserve is poised to cut rates at its September meeting, but there is still debate as to how much they will cut by. PNC economic assistance Group Chief Economist Gus Faucher gives his takeaways from the latest economic data — including the July Personal Consumption Expenditures report and the second quarter GDP revision. … Read more
The Federal Reserve has even further information on the health of the US economy as GDP (gross domestic product) for the second quarter was revised higher from 2.8% to 3%, showing the economy is growing at a steady pace. Does this new information give the Fed even more confidence to cut finance charge rates in … Read more
US GDP (gross domestic product) for 2024’s second quarter was revised for a second time, the US Bureau of Economic study raising the print from 2.8% to 3%. While the data may be a tailwind for the Federal Reserve, does the data signal headwinds for the other segments of the economy? Citi senior global economist … Read more
sector Top 10 News Today: इन खबरों से आज बाजार में देखने को मिल सकती है तेजी या मंदी | enterprise News #marketnews #topstocks #trading #capital #businessnews #stockmarket #sharemarket #aajkatajakhabar #cnbcawaaz #marketnews #latestbusinessnews #spending plan #budget2024 #budgetwithcnbcawaaz n18oc_business enterprise News | CNBC Awaaz brings to you latest enterprise news, live share sector updates, stock sector … Read more