📊 Powell's Speech Sparks Market Jitters

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

📉 Cleveland Fed opposes September rate cut
🏭 International Paper to close Georgia mills, cut jobs
🏠 NY home prices hit all-time high, inventory rises
🗣️ Powell's final Jackson Hole speech under scrutiny
🇺🇸🇪🇺 US-EU trade deal promises tariff relief
🎁 +8 more stories you might like

FROM OUR PARTNER

As the Fed Wavers on Rate Cuts, Gold Shines as a Market Hedge

With the Federal Reserve’s latest minutes revealing a rare division—two policymakers dissenting in favor of a rate cut while most remain cautious amid inflation concerns—investors worried about a stock‑market drop may lean into gold.

In this environment, gold stands out as both a hedge against economic uncertainty and a beneficiary of potential rate reductions, which tend to lift its appeal relative to yield-bearing assets.

Learn More

📉 Cleveland Fed Chief Dismisses September Rate Cut Amid Inflation Concerns Link
  • Cleveland Fed President Beth Hammack sees no case for a September rate cut based on current data.
  • Hammack emphasizes the need to remain focused on controlling inflation, which remains above target.
  • Investors are closely watching the Fed's stance, amid political pressures and mixed economic signals.
🏭 International Paper Shakes Up Operations with Georgia Mill Closures Link
  • International Paper will close two Georgia mills, affecting 1,100 jobs as part of a strategic shift.
  • The company aims to streamline operations and focus on its packaging business, selling its pulp division.
  • A significant investment is planned to expand cardboard production at a different location.
🏠 New York Housing Market Sees Record High Prices Amid Inventory Growth Link
  • Median home prices in New York hit a record $451,000, marking a significant year-over-year increase.
  • Statewide housing inventory continues to rise, offering more options for potential buyers.
  • Despite higher prices, closed and pending sales showed slight declines compared to last year.
🗣 Powell's Final Jackson Hole Address: A Pivotal Moment for Fed Policy Link
  • Fed Chair Jerome Powell's upcoming Jackson Hole speech is highly anticipated by Wall Street and the White House.
  • The speech comes amid mixed economic signals, including weak job growth and rising inflation.
  • Observers expect Powell to maintain a cautious approach, potentially signaling a rate cut later this year.
🇺 US-EU Trade Deal: A New Era of Tariff Reductions and Market Access Link
  • The US and EU have formalized a trade deal, including significant tariff cuts on both sides.
  • European carmakers could see relief from US tariffs soon, pending EU legislative action.
  • The agreement is seen as a strategic move to enhance economic ties and counter global trade tensions.

In partnership with

Data Just Made Palantir Worth $250B

Palantir just rocketed to $250 billion by helping companies extract value from user data.

A new disruption to smartphones gives users a share in the data profits, already facilitating +$325M in earnings and generating +$75M in revenue.

With 32,481% revenue growth, this company is gearing up for a potential Nasdaq listing (stock ticker: $MODE), and pre-IPO shares are available at only $0.30/share.

It’s a $1 trillion industry, and their disruptive EarnPhone is now being distributed by Walmart and Best Buy.

Other news & articles you might like

  • ⚖️ Class action filed against KinderCare over IPO (Link)
  • 💵 Meritage Homes boosts dividend and share buyback (Link)
  • 🚚 Tariffs impact supply chain as peak season starts (Link)
  • 📊 Existing-home sales rise by 2.0% in July (Link)
  • 🏡 Texas new home sales dip amid high inventory (Link)
  • 🔋 Caterpillar and Hunt Energy sign power agreement (Link)
  • 📈 Horizon Bancorp prices common stock offering (Link)
  • 🏭 Fluence and ACE open energy storage factory in Vietnam (Link)

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