Key TakeawaysFederal Reserve Governor Stephen Miran asserted that banking regulations are currently too tight, advocating for a re-evaluation of current policy to avoid economic slowdown risks. He also highlighted that shelter costs are the primary factor driving inflation and that housing has a greater impact on the economy than the equity market.U.S. crude oil stocks unexpectedly increased by 2.78 million barrels, exceeding the forecast of 2.25 million barrels and contrasting with a previous decrease of 3 ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A surprisingly weak private-sector ADP Employment report, released during an ongoing government shutdown, has intensified fears of a looming economic downturn. Economist Warns Recession Odds Are Not At 0% Level U.S. private payrolls unexpectedly shed 32,000 jobs in September, a stark reversal from consensus expectations of a 51,000 gain. The losses were driven entirely by small and medium-sized businesses, ...

A surprisingly weak private-sector ADP Employment report, released during an ongoing government shutdown, has intensified fears of a looming economic downturn.Economist Warns Recession Odds Are Not At 0% LevelU.S. private payrolls unexpectedly shed 32,000 jobs in September, a stark reversal from consensus expectations of a 51,000 gain. The losses were driven entirely by small and medium-sized businesses, painting a troubling picture of the U.S. economy.With the Bureau of Labor Statistics (BLS) suspending it ...

WASHINGTON (Reuters) -Sales of previously owned U.S. homes increased solidly in August as lower mortgage rates pulled buyers back into the market, though a softening labor market could curb further gains. The National Association of Realtors said on Monday pending home sales, based on signed contracts, rebounded 4.0% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, rising 0.2%. Contracts increased in the densely populated South, Midwest and West, b ...

Sales of new US single-family homes surged in August, but the boost from declining mortgage rates could be limited by a weakening labor market.New home sales shot up 20.5% to a seasonally adjusted annualized rate of 800,000 units last month, the Commerce Department’s Census Bureau said on Wednesday. The sales pace for July was revised higher to a rate of 664,000 units from the previously reported pace of 652,000 units.New home sales shot up 20.5% to a seasonally adjusted annualized rate of 800,000 units las ...

Group 1 - Intel experienced its largest daily gain since October 1987, surging 22.8% after Nvidia announced a $5 billion investment in the company [1][9] - Nvidia's stock rose 3.5%, recovering from previous losses due to concerns over Chinese tech firms potentially halting chip purchases [1][9] - The semiconductor index increased by 3.6%, positively impacting the tech-heavy Nasdaq and the S&P 500 technology sector, which rose by 1.36% [1][9] Group 2 - The small-cap Russell 2000 index reached a record high close of 2,466 points, marking its first record since November [2][9] - The Dow Jones Industrial Average rose by 124.10 points (0.27%) to 46,142.42, while the S&P 500 gained 31.61 points (0.48%) to 6,631.96, and the Nasdaq Composite increased by 209.40 points (0.94%) to 22,470.73 [5][9] - CrowdStrike's stock increased by 12.8% after multiple brokerages raised their price targets, while Darden Restaurants' shares fell by 7.7% following weak quarterly results [7][10] Group 3 - The number of new unemployment benefit applications in the U.S. decreased last week, although the labor market is showing signs of softening [6][9] - Advancing issues outnumbered decliners on the NYSE by a ratio of 1.87-to-1 and on the Nasdaq by 2.5-to-1 [8][10] - The S&P 500 recorded 31 new 52-week highs and eight new lows, while the Nasdaq Composite saw 156 new highs and 42 new lows [8][10]

The Federal Open Market Committee is meeting on September 16-17, and it's widely expected that it will lower the Federal Funds rate by 25 bps, and resume the monetary policy easing cycle afterAnalyst’s Disclosure:I/we have a beneficial short position in the shares of SPX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any c ...

Group 1: Federal Reserve and Monetary Policy - The Federal Reserve is expected to resume its interest rate cutting cycle, with a widely anticipated 25 basis points cut on Wednesday due to worsening job market indicators [1] - Investors are pricing in a total of 69.6 points in monetary policy easing by the end of 2025, implying nearly three quarter-point cuts this year [2] - There is a possibility that Fed Chair Jerome Powell may emphasize inflation risks and tariff impacts, which could temper market expectations of a dovish Fed [3] Group 2: Market Performance and Company Updates - Nvidia's stock fell 2.8% in premarket trading following an investigation by China's market regulator for potential anti-monopoly law violations [4] - Wall Street's main indexes recorded weekly gains, with the Nasdaq and S&P 500 reaching intraday record highs, despite September historically being a poor month for U.S. equities [5] - Warner Bros Discovery's stock tumbled 4.1% before the bell, while a source indicated that Paramount Skydance was preparing a bid for the studio, leading to a surge of over 50% in its stock since the news [6]

By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar weakened across the board on Monday as investors wait for the Federal Reserve to resume interest rate cuts at this week's meeting and as President Donald Trump renewed calls for faster monetary policy easing. Trump on Monday called for Fed Chair Jerome Powell to enact a "bigger" cut to benchmark interest rates and pointed to the housing market in a social media post ahead of the U.S. central bank's meeting this week. Traders are fully pricing in a 25 ...

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) - Global shares hit a fresh record high on Monday as markets positioned for the U.S. Federal Reserve to begin its monetary policy easing cycle this week. Gold prices hit a record high as the U.S. dollar weakened. Traders widely expect the Fed to deliver a 25 basis-point cut at the end of its policy meeting on Wednesday, with the probability of such a move near 100%, according to CME's FedWatch tool. MSCI's All-Country Index rose as high as 977 ...