Author: Press Room
Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from Thursday’s losses, and each finished the week up nearly 1.5%. Powell indicated interest rate cuts are on the way, saying the “time has come for policy to adjust.” The market now expects 100 basis points, or 1 percentage point, of cuts by the end of…
It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low mortgage rates they locked in during the pandemic. That’s created the perfect storm for a housing market that’s been more or less frozen. But anticipation that the Federal Reserve will start cutting interest rates soon is breathing new life into it. The standard 30-year fixed-rate mortgage started to fall earlier this year and recently…
CROX’s Reversal May Be Here, As HEYDUDE Bottoms We previously covered Crocs, Inc. (NASDAQ:CROX) in June 2024, discussing why we had reiterated our Buy rating, as the company reported double beat FQ1’24 earning call while raising its FY2024 guidance. This was attributed to the robust Crocs sales domestically/ internationally, well balancing HeyDude’s ongoing inventory correction. We were also encouraged by the new management brought in to revitalize the HeyDude brand, despite the recently lowered FY2024 HeyDude guidance. Combined with the healthier balance sheet and the growing bullish support observed in its stock movement, we believed that it remained a compelling…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nasa said on Saturday that it would use a spacecraft from billionaire Elon Musk’s SpaceX rather than Boeing to bring home two astronauts stuck at the International Space Station.Astronauts Sunita Williams and Barry Wilmore, who were supposed to return to Earth two months ago, will now come back in February aboard a SpaceX Crew Dragon rather than the Boeing CST-100 Starliner they travelled to the space station with that subsequently suffered technical difficulties.“Space flight is risky,” said Nasa administrator Bill Nelson. “A…
Favorable views of the American flag are usually associated with the GOP. Michael Smerconish argues that patriotism, military service, and pride in the American flag were key themes at the 2024 Democratic National Convention. From hearing “USA, USA, USA!” chants and a line up of country music stars… Democrats are no longer ceding patriotism to Republicans. Read the full article here
By Kelly K. James, Next Avenue During an interdepartmental Zoom meeting, a vice president asked for feedback about a video he’d produced, on a tight timeframe, to promote our company. On the video, one employee made a comment that made our company look bad. I thought she may have misspoken (and later learned she had) but I reflexively said that part of the video was “terrible.” Then I repeated myself. I’m a direct person by nature. And I could tell that by the vice president’s reaction that in this situation, that directness had been a mistake on my part —…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 8, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
It appears more investors are eyeing dividend stocks ahead of the Federal Reserve’s interest rate decision in September.Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates.”Investors are moving back toward dividends out of money markets, out of fixed income, but also importantly toward leveraged companies that might be rewarded by a declining interest rate environment,” the chief ETF strategist told CNBC’s “ETF Edge” this week.ALPS is the issuer of several dividend exchange-traded funds including the ALPS O’Shares U.S. Quality Dividend ETF (OUSA) and its counterpart, the ALPS O’Shares U.S. Small-Cap…
Boeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it delivered to orbit in early June, the agency announced on Saturday.With Starliner coming back to Earth empty, NASA will now have astronauts Butch Wilmore and Suni Williams return via SpaceX’s Dragon spacecraft, which is expected to launch its ninth regular mission to the ISS for the agency on Sept. 24. Ultimately, Wilmore and Williams will stay at the ISS for about six more months before flying home in February on SpaceX’s Crew-9 vehicle. The test flight was originally intended to last about nine…
It’s never been harder to be Mister Softee. Once, there were more than 2,000 Mister Softee trucks in 38 states during the company’s peak in the 1960s. Now, there are only around 630 Mister Softee trucks looping around neighborhoods and parks in 21 states. Competition and rising costs are hurting sales. Counter-intuitive factors like increasingly hot weather are also denting business. And broader social trends – like the shrinking sizes of American families and even the advance of technology – play a role, too. “There’s a lot more competition, especially in New York, than there was in the 1980s and…
