Shares in CarMax dropped as much as 24% in morning trading. Analysts had projected higher profits and stable sales, but the company missed on both fronts. ...

Canada's budget deficit is projected to widen and surpass 2% of the economy for the current and coming fiscal years due to weak growth and spending measures planned by Prime Minister Mark Carney to rewire the economy, according to the country's fiscal watchdog. ...

Core Insights - The median home price reached $422,600, marking a 2% increase from the previous year and the highest price recorded for the month of August [1] Group 1 - The median home price is at an all-time high for August [1] - The year-over-year increase in median home price is 2% [1]

Core Insights - The gross domestic product (GDP) grew at an annual rate of 3.8% from April to June, an increase from the previous estimate of 3.3% [1] Economic Indicators - The upward revision in GDP growth is attributed to higher consumer spending [1]

Core Insights - Demand for U.S. durable goods has rebounded after two consecutive months of decline, primarily due to a significant increase in orders for military and civilian aircraft [1] Summary by Category Economic Indicators - The recovery in durable goods orders indicates a positive shift in the manufacturing sector, suggesting resilience in the economy despite previous downturns [1] Sector Performance - The surge in orders for military and civilian aircraft highlights a strong performance in the aerospace sector, which is a critical component of durable goods [1]

Group 1 - The coffee chain is laying off approximately 900 employees as part of a turnaround strategy [1] - The restructuring effort includes streamlining corporate functions [1]

Core Viewpoint - The U.S. miner has declared force majeure on contracted supplies from its Grasberg mine in Indonesia due to a fatal mudslide accident, leading to an extension of price gains in the market [1] Group 1 - The declaration of force majeure indicates that the company is unable to fulfill its contractual obligations due to unforeseen circumstances [1] - The Grasberg mine is a significant source of supply, and disruptions here can impact global commodity prices [1] - The fatal mudslide accident raises concerns about operational safety and potential regulatory scrutiny for the company [1]

Core Insights - The central bank has ceased the practice of printing money to cover budget deficits, indicating a shift in monetary policy [1] - Despite this change, there remains a risk of a currency run, which could lead to significant price increases [1] Monetary Policy - The central bank's decision to stop printing money reflects a more disciplined approach to managing fiscal deficits [1] - This policy change aims to stabilize the economy and prevent hyperinflation [1] Currency Stability - A potential run on the currency poses a threat to economic stability, as it could trigger rapid inflation [1] - The central bank's current strategy may not fully mitigate the risks associated with currency devaluation [1]

Swiss National Bank holds interest rates at 0% ...

Group 1 - The central bank maintained its key interest rate at zero, aligning with investor expectations [1] - Bank officials indicated a reluctance to further decrease the interest rate [1]