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The Fed Can't Stimulate the Economy, Says Arnott
Rob Arnott, Research Affiliates founder and chairman, says the Federal Reserve doesn't have the power to stimulate the US economy, but it can stimulate bubbles.
S&P 500, Nasdaq Retreat From Records as Nvidia Pulls Back | Wall Street Today
The S&P 500 and the Nasdaq retreated from record highs as Nvidia shares pulled back, accelerating declines for the semiconductor industry.
Mortgage Rates Drop to a Two-Month Low
Mortgage rates fell to their lowest level since mid-April, pressured down by market expectations for the Federal Reserve to cut interest rates in response to a slowing U.S. economy.
Meta Sees $293M Block Trades of Bearish Calls as Technicals Signal Overbought Conditions
Meta saw a combined $293 million in block trades of short call options expiring in 57 days at a time when the social media giant's stock is enjoying a 42% rally this year.
Housing Starts Fall to a Four-Year Low
By Aarthi Swaminathan U.S. housing starts fell short of expectations on Wall Street The numbers: Construction of new U.S. homes fell 5.5% in May, the lowest level in four years, as builders pulled b
Jobless Claims Stay Near a 10-Month High. The End of the School Year Might Be the Reason.
The number of Americans who applied for unemployment benefits last week fell slightly, but new jobless claims stayed near a 10-month high, which may be related to the end of the school year.