Prices aren't rising so fast as to postpone rate cuts ...

Over the summer, many of the home builders started rallying in anticipation of rate cuts from the Fed. But now the Feds start cutting and the group keeps rolling over. So what's going on here.Didn't we want rate cuts to jolt the industry out of the doldrums. Well, let's look at what happened when some of the key home builders recently reported. First, we got Lenar, the Miami based developer that's become one of the largest home builders in the country.Lenar kicked these off last Thursday when they reported ...

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A week after the Federal Reserve resumed rate cuts after a nine-month pause, stocks were reversing their uptrend with a three-day losing streak, leaving investors wondering whether the bull-market rally has run out of steam. ...

Economic Overview - Strong economic data has been reported, with US GDP growing by 3.8% in the second quarter, surpassing economists' expectations, driven by robust consumer spending and fewer imports [5][8] - Jobless claims were lower than expected, indicating a resilient labor market [5][8] - Despite positive economic indicators, major stock indices opened lower, marking a potential third consecutive day of losses, influenced by fears regarding Federal Reserve interest rate cuts [4][5] Starbucks - Starbucks announced layoffs of 900 employees as part of a $1 billion restructuring plan, alongside the closure of 100 stores, which is about 1% of its total store base [10][12] - The company has faced six consecutive quarters of same-store sales declines in the US, indicating ongoing challenges [13][15] - CEO Brian Nickel emphasized the need for a turnaround, focusing on enhancing the in-store experience and addressing competition and inflation challenges [17][18] AI Sector - There is emerging profit-taking in AI stocks like Nvidia and Alphabet, as investors seek new catalysts [9] - Barclays has issued a note comparing the current AI boom to the dot-com bubble, suggesting that while there are risks, the AI sector remains on strong footing for the next 6 to 18 months [26][28] Charles Schwab - Charles Schwab is preparing to enter the crypto space with plans to launch spot crypto trading in early 2026, responding to increased client interest in digital assets [52][54] - The firm has reported that retail investors are more engaged than ever, with trading activity up 30% compared to last year [31][33] - There is a growing demand for fixed income investments among retail clients, as they seek strategies to mitigate reinvestment risks [40][41]

Right now though, let's get a little more reaction to this latest economic data with Henry McVey. He's KKR's balance sheet CIO. And Henry, it's been a while since we've seen you.Thanks for coming in. >> It's great to be here. >> Let's talk.I know you're just coming back from Asia and I want to talk about that, but first let's focus on what's happening here in the United States. What did you think of these numbers. Um, better than anticipated on many levels.I >> I think they uh really justify what we've been ...

Wall Street traded lower on Wednesday, extending the previous day's risk-off mood sparked by Federal Reserve Chair Jerome Powell's remarks.At midday in New York, all major indexes were in the red: the S&P 500 slipped 0.3%, the Nasdaq 100 lost 0.5%, and the Russell 2000 fell 0.6%.FCX is taking a hit from negative sentiment. Get the inside scoop here.Investors bristled at Powell's comments that further rate cuts are not a given, underscoring a data-dependent stance, while also calling equity markets "fairly h ...

All right. So, JP Pal says the market seems uh a little frothy. I'm going to just translate what he's trying to say.I think everybody's saying that, but people keep putting their money into the markets and it keeps moving to highs. Do you think that this is sustainable, specifically with so much money pouring into the AI trade. >> Look, I think Jay is clearly trying to manage expectation around how many rate cuts we should be expecting, not only for the balance of this year, but as we move through 2026.The ...

Fed Chair Jerome Powell said on Tuesday that risks remain for both the labor market and inflation, reiterating that policymakers likely face a difficult path ahead as they consider additional rate cuts. “Near-term risks to inflation are tilted to the upside and risks to employment to the downside — a challenging situation,” Powell said. The Fed chief did not indicate whether he might support a rate cut at the central bank’s next meeting.Economic data released on Tuesday showed that the U.S. S&P Global manuf ...

By Chibuike Oguh and Canan Sevgili NEW YORK/LONDON (Reuters) -The U.S. dollar gained against peers including the yen, Swiss franc and euro on Wednesday, after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing overnight. The dollar strengthened 0.54% to 0.795 against the Swiss franc, on track to snap two consecutive sessions of losses. The euro was lower against the dollar after German business morale fell unexpectedly in September. It was last down 0.69% at $1.1734 after ris ...