Politics

'DISASTER': GOP rep grills Kamala Harris' small company proposal

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Rep. Maria Salazar, R-Fla., on Vice President Kamala Harris’ proposal to help small businesses and House Speaker Johnson’s expected move to link the SAVE Act to federal funding. #FOXBusiness Subscribe to Fox company! https://bit.ly/2D9Cdse Watch more Fox company Video: https://video.foxbusiness.com Watch Fox company Network Live: http://www.foxnewsgo.com/ FOX company Network (FBN) is a financial news channel … Read more

Why property loan rates may rise if the Fed cuts by 25bps: Redfin chief executive officer

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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

Big Tech is dealing with a 'nuanced' consumer slowdown: Analyst

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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

Broadcom can 'rotate back' over the next few quarters: Expert

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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

August jobs data 'screams' 25 bps cut from Fed: Economist

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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

Economist warns rate cuts may not be the answer amid US fiscal deterioration

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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

Unemployment could spark 50bps cut and 'panic move' by Fed

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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

How Gen Z Is Buying Homes Younger Than Millennials And Boomers Did

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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

Decoding Warren Buffett's stake reductions in Apple, BofA

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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

Why a 50bps rate cut could 'work against the economy': Economist

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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