US retail sales rise by faster than anticipated pace in September
US retail sales grew at a hotter-than-anticipated pace in September, in a sign of strength in the American consumer that could factor into how the Federal Reserve...
US retail sales grew at a hotter-than-anticipated pace in September, in a sign of strength in the American consumer that could factor into how the Federal Reserve...
US stocks (^DJI, ^IXIC, ^GSPC) start Thursday's session in positive territory. The S&P 500 moves higher by over 0.5% while the Nasdaq Composite jumps ahead by 0.9%. The Morning Brief's Seana Smith checks out the market action after US retail sales were reported this morning, including movements in the Russell 2000 (^RUT) small-cap index, Treasury yields (^TYX, ^TNX, ^FVX), and tech leaders in the Nasdaq 100 (^NDX). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
The number of Americans filing for unemployment benefits for the first time, known as Initial Jobless Claims, remained steady in the latest week, meeting market expectations and...
The Philadelphia Federal Reserve Manufacturing Index, a significant indicator of general business conditions in the region, has experienced a notable surge. The actual number...
US retail sales have outpaced both expectations and previous numbers, according to the latest economic data. The actual increase in retail sales for the period was 0.4%, a figure...
Ljubljana, Slovenia, October 17th, 2024, Chainwire OriginTrail, the ecosystem striving for a safe internet in the age of AI with its decentralized knowledge graph, was named the...
Palo Alto, United States, October 17th, 2024, Chainwire Akord, a web3 platform for securing and managing data, also begins its migration to Walrus Protocol Mysten Labs, the web3...
US retail sales grew at a hotter-than-anticipated pace in September, in a sign of strength in the American consumer that could factor into how the Federal Reserve...
The surge in artificial intelligence has sparked a growing appetite for energy and power, creating a bullish environment for utilities (XLU). This trend has propelled the sector to outshine the broader market, prompting Evercore ISI to upgrade the utilities sector from In Line to Outperform. Evercore ISI managing director Durgesh Chopra, who covers Power and Utilities, joins Morning Brief to shed light on why he foresees continued growth in the sector. Chopra points to two key factors driving the potential outperformance of regulated traditional utilities. First, their current valuations are attractive, trading at a 20% discount. Second, the sector benefits from improving fundamentals, including lower interest rates, easing inflation, and increasing electricity demand. These elements combine to create what Chopra describes as "a great setup for utilities" as markets approach 2025. Addressing the potential impact of the upcoming election on the utility sector, Chopra notes while utilities have historically thrived under Democratic leadership, the sector's current focus on reducing carbon emissions has shifted the dynamics. This transition is more closely tied to economic development rather than politics. "Whether it's Donald Trump or Kamala Harris, I think the policy backdrop is going to be very supportive," Chopra states. As of late, Big Tech has been leaning into and making deals with nuclear energy developers to power their AI data centers, including Amazon (AMZN), Microsoft (MSFT), and Alphabet's Google (GOOG, GOOGL). Kairos Power Co-Founder and CEO Mike Laufer sat down with Yahoo Finance earlier this week to elaborate on the energy startup's nuclear agreement with Google. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
Looking for relief from rising mortgage rates? Yahoo Finance senior housing reporter Claire Boston sits down with Brad Smith on Wealth to talk about this "little-known factor" that could help ease mortgage rates: mortgage spreads. She explains the dynamic of declining mortgage spreads and what it means for US homebuyers as they contend with condo shortages. Read up on Claire's coverage of rising mortgage rates this week. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.