Key Takeaways COF's Discover deal and solid card segment support growth despite rising credit risks. Relatively high interest rates are boosting COF's net interest income and net interest margin. COF's rising costs and elevated charge-offs challenge its efficiency and asset quality outlook.Capital One Financial Corporation (COF) remains well-positioned for growth on the back of strategic acquisitions, relatively higher interest rates, a strong balance sheet and a solid Credit Card segment. However, an ele ...

Sales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well below both the 6-month average of 671,000 and the one-year average of 676,000. It also lags the pre-pandemic average in 2019 of 685,000 units sold. Wall Street analysts were expecting May new home sales of 695,000, according to estimates from Dow Jones. This count is based on signed contract ...

Philippe Laffont, Coatue founder and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, state of the 'Magnificent Seven', future of tech investing, his thoughts on bitcoin, state of the economy, impact of AI technology, who'll come on top in the AI arms race, the Fed's interest rate policy, future of TikTok, the NYC mayoral race, and more. ...

Is the pain trade now to the up or to the downside. I think the tendency is definitely up that the trend is up. I mean, the you know, if the ceasefire holds, it looks good now.That's a that's a tremendous plus for the markets. I think, you know, all time highs for the S&P are virtually a foregone conclusion now and and further highs after after that. I mean, Powell was flexible.Clearly, Congress wants interest rates to go down and a number of Fed officials do. That could be a positive. I think they should g ...

Market Overview - Market futures are rallying due to the absence of negative news, with tech stocks reaching record highs and the S&P 500 only about -1% below all-time highs [1] - The Dow gained +507 points (+0.62%), the S&P 500 rose +67 points (+1.11%), and the Nasdaq led with a gain of +281 points (+1.43%) [2] - Oil prices are declining, with WTI at $64.91 per barrel and Brent crude at $65.08 per barrel, down from $65 and $67 respectively [3] Federal Reserve Insights - Fed Chair Jerome Powell remains firm on keeping interest rates steady despite pressure from Republican members, citing cooling inflation but potential price increases from upcoming tariffs [4] - Employment numbers are softening but not indicating a sudden rise in job losses, with Continuing Jobless Claims not yet reaching 2 million per week [5] Company Performance: FedEx - FedEx reported fiscal Q3 earnings of $6.07 per share, exceeding the Zacks consensus of $5.93, with revenues of $22.22 billion surpassing expectations of $21.73 billion [6] - Both Express and Freight businesses outperformed, with increased export volume indicating a pull-forward of activity ahead of upcoming tariffs [7] - Next-quarter earnings guidance has been lowered to $3.40-4.00 per share, below the Zacks consensus of $4.05, leading to a stock decline of -4.4% [7]

Mortgage rates dropped across most loan types Monday, including the flagship 30-year average, which has fallen to its lowest level in two and a half months. https://t.co/InwucPTHee ...

Well, joining us now is BNY Investments chief economist and former Federal Reserve Director of the Division of Monetary Affairs, Vincent Reinhardt. It's great to have you back on the show. Welcome.I want to start right there because we've had a lot of Fed speak to start the week and certainly Powell with his semiannual testimony on the Hill, part one of two days here today. The market seems to be taking his messaging maybe slightly more doubbish. But I'm not sure it's the right way to take his messaging, bu ...

So, one of the very valid criticisms of the Federal Reserve, where I worked for nearly a decade, is that they're looking at very lagged data that really is backward-looking as opposed to trying to pay closer attention to some of the especially rich realtime economic data that we have in hand right now. Unfortunately, it feels like the Fed is pretty much what we call behind the curve. So, they should be lowering interest rates and yet because they're driving using the rearview mirror, they're late to the gam ...

We see the same thing you do in the in the housing market. It's it's tough. There's not uh people are locked in.They can't afford to get out of their house because the cost of getting to a higher mortgage higher higher price mortgage would be would be a lot. So, um the best thing we can do though is to get inflation sustainably down to 2% and have it stay there over a long period of time. A long period of time.And that that is really what we can offer to them. Um, and I think, you know, to so if you go back ...

>> THERE YOU HAVE IT, THE GAVEL DROPS ON THE FIRST DAY OF TESTIMONY, DAY ONE OF TWO ON CAPITOL HILL THIS WEEK FOR FED CHAIR JAY POWELL. CONGRESSMAN FRANK LUCAS WRAPPING THINGS UP FOR US THERE. SEVERAL HOURS OF TESTIMONY.WE BROUGHT IT TO YOU LIVE HERE. I’M JOE MATHIEU IN WASHINGTON ALONGSIDE KAILEY LEINZ AS WE GET THINGS STARTED HERE ON THE TUESDAY EDITION OF "BALANCE OF POWER." THE FED CHAIR MADE IT CLEAR HE’S NOT READY TO LOWER RATES. CARO KAILEY: HE’S NOT MAKING ANY NEWS ON THE TRAJECTORY, REITERATING HE’ ...