The S&P Global Composite PMI (Purchasing Managers’ Index) preliminary print for July came out higher than expected at 55, with manufacturing PMI falling to 49.5 and services PMI rising to 56. This new piece of economic data, relatively in line with expectations, shows more signs that inflation may be on the path to the 2% … Read more
Oil prices (BZ=F, CL=F) break out of their three-day losing streak Wednesday morning due to falling US crude supply. Truist Securities energy research managing director Neal Dingmann joins Morning Brief to discuss the movements in oil prices and what they could look edging closer to the presidential election in November. “At least for the remainder … Read more
US Equities (^GSPC, ^DJI, ^IXIC) are still trading at record heights despite uncertainty from geopolitical conflicts and the presidential election between former President Donald Trump and Vice President Kamala Harris. Tech giants like Nvidia (NVDA) and Amazon (AMZN) continue to lead while small-cap shares have also been on a tear as investors position for a … Read more
The US House Transportation and Infrastructure Committee will hold a hearing about railroad safety and the lessons from last year’s Norfolk Southern derailment in East Palestine, Ohio. Witnesses: Jeff Sloan, Senior Director for Regulatory and Scientific Affairs, American Chemistry Council; David Arouca, National Legislative Director, Transportation Communications Union; Gregory Hynes, National Legislative Director, International Association … Read more
On today’s segment of Good Buy or Goodbye, host Julie Hyman is joined by Barron’s associate editor Al Root to discuss the best and worst stock picks within the auto sector. Root recommends buying Ford (F), citing notable relative share performance and successful company re-segmentation. He highlights the Pro company’s “consistency of revenue… with service … Read more
Spot ether ETFs made their trading debut today, and Bitwise CIO Matt Hougan joins Josh Lipton on Asking for a Trend to break down the levels of demand seen for the ethereum-exposed (ETH-USD) products “We already know because we can see it in the trading volume that there’s significant demand for these ETFs. Collectively, they … Read more
Tesla (TSLA) shares are falling after its second quarter adjusted earnings and free financial liquidity fell below Wall Street’s expectations. RBC Capital Markets global autos analyst Tom Narayan joins sector Domination Overtime to break down the EV maker’s earnings and its robotaxi plans. Narayan notes that while gross margins appeared like a beat, a major … Read more
As Vice President Kamala Harris steps into the running for president, investors may have to adjust to a little more election uncertainty. But when it comes to their portfolios, the charts show that no matter who wins, investors should stay invested. Yahoo financial Reporter Josh Schafer joins Wealth! with a chart from the latest Yahoo … Read more
As anticipation builds around artificial intelligence ahead of Big Tech earnings, Meta Platforms (META) finds itself in the spotlight. The firm’s Reality Labs division, which specializes in augmented reality (AR), virtual reality (VR), and metaverse technologies, has lost nearly $45 billion since its inception in 2020. Yahoo financial senior reporter Yasmin Khorram offers an in-depth … Read more
June’s existing home sales data disappointed expectations, showing a 5.4% month-over-month decline. Kristina Hooper, Invesco’s chief global industry strategist, joins Catalysts to discuss her outlook on the Federal Reserve and industry trends. Hooper attributes the housing industry’s challenges to the Fed’s tightening cycle, which she says created “golden handcuffs” and forced affordability issues. However, she … Read more