The US housing market's historic slump could send inflation plummeting in the coming year
Inflation could be about to see a big drop, even with tariffs still looming over the economy.
The US housing market will be a big driver of headline disinflation, according to Rosenberg Research, which foresees a major drop in home prices that could drag the pace of inflation close to 1% — well below the Fed’s 2% price growth target.
Read MoreUncertainty persists despite EU-US trade deal, says ECB’s Lagarde
BERLIN – The US-EU trade deal has eased but “certainly not eliminated” global uncertainty, European Central Bank (ECB) president Christine Lagarde said on Aug 20.
Speaking at a panel at the World Economic Forum in Geneva, Ms Lagarde said the deal had left the effective US tariff rate for EU goods at between 12 and 16 per cent.
» Read more about: Uncertainty persists despite EU-US trade deal, says ECB’s Lagarde »
Read MoreDonald Trump calls on Federal Reserve governor Lisa Cook to resign
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» Read more about: Donald Trump calls on Federal Reserve governor Lisa Cook to resign »
Read MoreMix of Bullish Forces Boosted Broadcom (AVGO) in Q2
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
AI is eating the world—and the machines behind it are ravenous.
Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.
» Read more about: Mix of Bullish Forces Boosted Broadcom (AVGO) in Q2 »
Read MoreStock market today: Dow, S&P 500, Nasdaq retreat as Wall Street eyes Walmart earnings, Jackson Hole kickoff
The Dow led US stocks lower before the bell on Thursday, with Walmart (WMT) earnings in focus before the start of the Federal Reserve’s closely watched gathering at Jackson Hole.
Dow Jones Industrial Average futures (YM=F) pulled back roughly 0.4%, while those on the S&P 500 (ES=F) moved down 0.3%.
The Burst
Uber’s $1 Trillion Moonshot
Uber isn’t just about getting you from point A to point B anymore. It’s stealthily becoming one of the most powerful tech platforms of the next decade, and the lynchpin in that transformation is autonomy.
While most investors still think of Uber as a ride-hailing and food delivery app, under the hood, the company is evolving fast.
» Read more about: Uber’s $1 Trillion Moonshot »
Read MoreThe Ivy
Is AMC Entertainment Staging a Monster Comeback?
AMC Entertainment (NYSE: AMC) isn’t exactly the comeback kid just yet, but you might want to keep it on your radar.
Over the past month, shares have quietly climbed 14.96%, a surprising twist for a stock that’s still down more than 39% from last year and worse from its meme stock mania highs,
» Read more about: Is AMC Entertainment Staging a Monster Comeback? »
Read MoreThe Spotlight
Trade Like a Billionaire
Few traders in history have the capacity to seamlessly transition across asset classes, zooming out to see the big macro picture and in to see the minutia of a company’s 10Q but Stan Druckenmiller ranks as one of the few who have succeeded in so doing.
Stan’s thesis has been that the Fed is really in a bind,