- Prior was -11
- Services +9 vs -11
- Composite +13 vs +1 prior
- Prices paid +11 vs +12 prior
- Wages +37 vs +35 prior
- Full report
Manufacturing data from the Richmond Fed.
Manufacturing data from the Richmond Fed.
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AI chip lifespans questioned: 18mo-5yrs? Bubble fears rise as $400B AI spend faces uncertain returns.
US inflation cools to 2.7% but economists warn data's flawed. Treasuries eye first weekly gain.
Mortgage rates hold steady: 30-yr fixed at 6.21%, 15-yr at 5.47%. Purchase apps up 10% YoY. Refi rates vary.
Fed rate cuts push savings rates below 4% APY, but online banks still offer 10x national avg. Shop smart!
HELOC rates dip near 7% as Fed cuts rates. Homeowners tap $36T equity; shop rates from 6-18% for best deals.
AI rally broadens! Memory chips surge, software faces disruption. Oracle's $300B bet sparks bubble fears, stock down 45%.
JNJ up 45% YTD, Nucor 38%, AbbVie 26%. Analysts rate 'Moderate'/'Strong Buy' with upside potential.
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