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Powell’s Jackson Hole speeches tend to lift the stock market — but when they don’t, the drop is a doozy

Stocks have usually climbed when Fed Chair Jerome Powell speaks at the Jackson Hole Economic Symposium — with two big exceptions.

Estée Lauder upgraded to overweight at Piper Sandler after stock drops nearly 40% in 2024

Estée Lauder drew an upgrade to overweight from neutral at Piper Sandler on Thursday as analyst Korinne Wolfmeyer said she’s more bullish on the beauty giant after its stock has lost more than a third of its value so far this year.

Here’s the case for Amazon as a value stock to buy now

Charles Lemonides of ValueWorks makes the case that Amazon is a bargain stock on a sum-of-the-parts basis.

‘Getting off data dependence’ is key for Fed’s soft landing, says Fundstrat’s Tom Lee

Tom Lee, managing partner and head of research at Fundstrat Global Advisors told CNBC’s “Squawk Box” that the Federal Reserve’s reliance on economic data to make interest-rate decisions may end up hurting the U.S. economy.

Mortgage rates inch down, but home buyers remain ‘lethargic’

The 30-year mortgage rate is averaging 6.46%, Freddie Mac said in its latest weekly survey on Thursday.

Williams-Sonoma’s stock slides 9% after revenue falls short of estimates and retailer trims guidance

Home furnishings are being hurt by uncertainty about the economy and a slow housing market, CEO says.

Removing Ben & Jerry’s ‘distraction’ allows for Unilever double upgrade, Bank of America says

Unilever was given a double a upgrade to buy by BofA, which said the sale of Ben & Jerry’s removes a “distraction.”

TD Bank could join ranks of banks to get slapped with an asset cap

TD Bank could join Wells Fargo in getting slapped with a cap on assets due to regulatory failings.

U.S. economy grows again in August, S&P finds, and should ease near-term recession fears

The U.S. economy grew at a steady clip in August, a pair of S&P surveys found, and indicated little threat of recession amid signs the labor market has cooled off more rapidly than previously believed.

Here’s how one mortgage company hopes to ride a possible home-lending surge

United Wholesale Mortgage steps up hiring as mortgage lenders gear up for more business — even as some big banks cut exposure to retail home lending.

Home sales rise for the first time in five months as the number of for-sale listings grows

Existing-home sales rose to a rate of 3.95 million in July, the National Association of Realtors said.

SpaceX set for historic Polaris Dawn launch, first commercial spacewalk

Polaris Dawn will transport 36 experiments into space and spend up to five days in orbit. The mission’s research aims to advance both human health on Earth and the understanding of human health during future long-duration spaceflights.
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