Yahoo Finance Dow Jones Futures Rise As Fed Rate Cut Looms; What To Expect And What Really Matters
The stock market erased gains Tuesday with a Fed rate cut and Jerome Powell due. Tesla backed off from just below a buy point.
The stock market erased gains Tuesday with a Fed rate cut and Jerome Powell due. Tesla backed off from just below a buy point.
As she convinces Gwyneth Paltrow to compare sexual notes on her famous exes, get to know the highest-paid female podcaster on Spotify and her wildest scoops to date from the likes of Hailey Bieber to Miley Cyrus
Ahead of big banks like JPMorgan (JPM), Wells Fargo (WFC), and Bank of New York Mellon (BNY), kicking off the third quarter earnings season, Stephen Biggar, Argus Research director of financial services research, joins Morning Brief Hosts Seana Smith and Brad Smith to take a look at the financials sector and what investors can expect. Biggar says the Federal Reserve rate easing cycle benefits the banking sector alongside the rest of the market. “As bank analysts, we typically root for higher interest rates because that's better for net interest margins. But there has been a point where these high rates have kind of worn out their welcome.” “Lower rates here will help stimulate some of the loan growth, which has been very, very weak. That will help take some of the pressure off deposit costs, which have also been elevated for banks. And then also [it] kind of helps with increasing the odds of a soft landing, and that will help with loss provision. So you know that slower economy has produced higher unemployment here to the extent we can take some of that pressure off, we get lower loss provision. So really a triple boom for the for the lending business, if lower rates pan out.” Following last week’s better-than-expected September jobs report, the market may be wary that the Fed may put a pause on cutting rates. Biggar says, “We have been counting on lower rates and, of course, that is a double-edged sword and... hurts on the net interest margin front. But, you know, to the extent that the banks are pretty well hedged here, [assuming] the economy doesn't fall off a cliff.” He adds, “Banks are pretty well hedged. And they'll do okay. Loan growth has not turned negative loss provisions have not. You know increased to the point that it's really hurting profitability at this stage. And then you've got the capital markets side which is showing some signs of rebound. So I think you know, all told, the next six months [are] probably better than the last six for banks.” Biggar names JPMorgan and Morgan Stanley (MS) as top stock picks in the banking sector going into earnings season. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
BOSTON, October 07, 2024--Hometap, the Boston-based financial technology company pioneering debt-free home equity financing for American homeowners, announced the closing of HTAP 2024-2, a $278 million securitization backed by home equity investments originated by Hometap. Following closely on the heels of HTAP 2024-1, the significantly oversubscribed debut of Hometap’s proprietary securitization platform, this is the second securitization of Hometap-originated home equity investments this year.
Ad Watchdog Finds Widespread Deceptive MarketingMADISON, CONN., Oct. 07, 2024 (GLOBE NEWSWIRE) -- An investigation into the menopause supplement industry by consumer advocacy organization truthinadvertising.org (TINA.org) has revealed a hotbed of deceptive advertising. The ad watchdog has amassed nearly 2,000 examples of problematic health claims promoting Pharmavite's Equelle and Alliance Pharmaceuticals' Amberen, filing complaints with both the FTC and the FDA. These findings follow previous T
Katie Brayben stars as the late televangelist in PEOPLE's debut look at the stage production, which begins performances at New York City's Palace Theatre on Oct. 19
David and Victoria Beckham’s brood are nearly all grown up and off doing their own things. But they still make time for a spot of yoga with mum and dad, says Maddy Mussen
Will there be a Selfridges Black Friday sale this year? We're on the case – here, see all the details as they land.
Remote Integration (REMI) Solutions Market Remote Integration (REMI) Solutions Market Dublin, Oct. 07, 2024 (GLOBE NEWSWIRE) -- The "Remote Integration (REMI) Solutions - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.The global market for Remote Integration (REMI) Solutions was estimated at US$5.3 Billion in 2023 and is projected to reach US$21.4 Billion by 2030, growing at a CAGR of 22.2% from 2023 to 2030. This comprehensive report provides an in-
The department did not comply with environmental law in its previous ammonia emissions advice to planners.
ENFIELD, Conn., October 07, 2024--High-speed internet provider GoNetspeed announced today that additional locations in Enfield will soon have access to 100% fiber internet. Through GoNetspeed’s expansion to serve Enfield, more than 2,800 homes and businesses will soon gain access to high-speed internet of up to two gigabits through the company’s fully funded $1.9 million investment.
Recruitment Process Outsourcing (RPO) Market Recruitment Process Outsourcing (RPO) Market Dublin, Oct. 07, 2024 (GLOBE NEWSWIRE) -- The "Recruitment Process Outsourcing (RPO) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.The global market for Recruitment Process Outsourcing (RPO) was estimated at US$10.9 Billion in 2023 and is projected to reach US$33.6 Billion by 2030, growing at a CAGR of 17.5% from 2023 to 2030. This comprehensive report provid
NFL Network's Peter Schrager awards Denver Broncos defensive coordinator Vance Joseph as coach of the week.
Amazon (AMZN) has been downgraded to Equal Weight from Overweight at Wells Fargo. The firm argues that the strength in Amazon's cloud business is "not enough" to overcome headwinds and increasing competition from Walmart (WMT). Morning Brief anchors Seana Smith and Brad Smith discuss the call in the video above. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Las Vegas Sands stock, Wynn Resorts, Melco pop following a Citigroup report on Macau casino performance during China's Golden Week holiday.
Brands can incorporate AI-driven personalization and seamless multi-channel campaigns with ready-to-launch campaigns and recipes for faster ROI Blueshift e-Commerce Accelerator Plan Features Pre-built campaigns and recommendations that are most popular among e-commerce companies. San Francisco, CA, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Blueshift, a leading CDP and cross-channel marketing platform, is thrilled to announce the launch of its new Shopify App Integration, designed to help e-Commerce bran
Astrologer Valerie Mesa shares your horoscope for October, including what will be your biggest obstacle
Uniting On-Premise Beverage Professionals for Industry Insights, Networking & Tasting TrendsNEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Questex’s Vibe Conference, the premier conference for on-premise beverage executives, is now accepting operator applications for its 2025 conference. The conference takes place March 3-5, 2025 at the Town and Country Resort in San Diego, CA. Vibe Conference is designed for on-premise chain restaurant executives, hotel professionals, cruise-line operators, casino
TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- One of Canada’s longest running and top fundraising events will be taking place in Montréal, QC and Toronto, ON on October 10 and 17 respectively. The JDRF Ride to Defeat Diabetes is a high-energy event that sees hundreds of corporate executives and teams shed their business wear for workout clothes to pedal for a cure for type 1 diabetes (T1D). Participants will take part by spinning on hundreds of stationary bikes set up in core downtown Montréal and