A surprise Fed rate cut might be good for consumers — but not for the stock market
Investors are clamoring for affirmation the Fed will begin cutting rates in September. But a surprise easing on Wednesday likely wouldn’t go over well. Source link...
MARKET
Nvidia’s stock is sliding toward its worst month in nearly two years
The tech sector is waiting on a flurry of major tech earnings reports that will provide hints as to the future growth of AI infrastructure spending. Source link...
Is the Treasury conspiring to manipulate markets and the economy? A new paper sparks debate on Wall Street.
A newly published white paper is causing a stir on Wall Street and in Washington by accusing the Treasury Department of conspiring to boost the economy for political ends, and of risking a revival of inflation in the process. Source...
‘For the record, I trust him 100%’: Should my husband and I add our son to our bank accounts in case something happens to us?
“I am not worried that if we make him a joint owner on our bank accounts that something nefarious would happen.” Source link...
Job quitting falls to nearly 4-year low and job openings dip in sign labor market is cooling
Job openings in the U.S. fell slightly in June to just above 8 million as the labor market continued to cool, but there are still more jobs available than there were before the pandemic. Source link...
Consumer confidence picks up a bit in July
Consumer confidence has been relatively soft all year and very choppy for the last four months. Source link...
Diminished Big Mac appetite is a sign of deflationary trend, says Yardeni
Retailers are cutting prices to attract consumers, as deflationary trends show up at McDonald’s Corp. as well as in commodity markets and durables goods, according to Yardeni Research. Source link...
PayPal’s stock soars as earnings bring big positive surprise on this key number
PayPal on Tuesday posted upbeat growth in transaction-margin dollars for its June quarter, surprising investors on a key metric that gauges the company’s ability to grow profitably. Source link...
Home prices hit a new high in May, Case-Shiller says, but are losing steam
Buyers waiting for U.S. mortgage rates to drop before buying might find it “costly.” Source link...
Traders are focused on a central bank this week. But it may not be the Fed.
Three of the world’s most significant central banks this week will deliver monetary policy updates in the space of about 32 hours. Source link...
