the Fed's interest rate cut impacts housing market
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Many home builders, contractors and retailers wagered that higher U.S. tariffs on imports would boost the cost of lumber, while lower interest rates would lift demand for the building material. Those bets have failed to pay off.
Gemini Space Station Inc. shares extended declines Wednesday to fall below its initial offering price within days of debuting as a public company in the US, tracking some cryptocurrency-related stocks lower.
The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story. U.S. stock futures were swinging on Wednesday following Tuesday’s advances. Futures of major benchmark indices were mixed.
Investors react to Wednesday's weaker-than-expected producer-price index for August as the S&P 500 and Nasdaq eke out small gains to finish at new records.
XRP underperforms SOL and DOGE but bullish catalysts loom. Spot ETF deadlines, Fed cuts, and regulation could fuel a move above $3.20.
Gold recorded another positive month in August, mainly supported by higher inflation expectations, intensifying expectations of a Fed cut and continued dollar weakness. Read more here.
San Diego County’s median home price for single-family homes in June was $1 million, said Attom Data Solutions, remaining one of the most expensive markets in the nation. The median is the point at which half the homes sold for more and half for less.
StubHub Holdings Inc. shares fell below the initial public offering price after the ticketing platform raised $800 million in its US initial public offering that priced in the middle of its marketed range.