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Also: Powell’s dovish words, income investments and more trouble for the Moneyist.

Federal Reserve Chair Jerome Powell on Friday signaled a willingness to cut interest rates, which will likely push mortgage rates down in the near term, economists say.

Sales of newly built homes in the U.S. surged unexpectedly in July, as home builders saw a bump in demand due to falling mortgage rates.

The Federal Reserve is preparing the first rate cut in four years, but that isn’t scaring individual investors away from T-bills and Treasury notes, BofA Global said.

NASA will provide an update Saturday on whether Boeing Co.’s Starliner spacecraft will be used to bring astronauts Butch Wilmore and Suni Williams back from their extended stay on the International Space Station. 

“I plan to claim my benefit when I turn 62, although I will have a reduced benefit by not waiting until my Full Retirement Age.”

An analyst said Nvidia’s last earnings call was one of the best he ever heard. Can the company stage a repeat performance?

Restaurant chain Cava reported second-quarter earnings that more than doubled, and analysts credited a new food option.

While bitcoin bulls have long been boasting of the cryptocurrency’s potential as “digital gold” and a safe haven, the asset has rarely traded in such a way.   

Oil futures rose Friday, extending a bounce from the previous session, but remained on track for weekly losses tied to worries over the outlook for crude demand.

New Yorkers are the most interested in investing — but the No. 1 investment there isn’t stocks.

Now that the dust has settled from the latest tumultuous stretch for stocks, billionaire investor Howard Marks is taking the opportunity to remind his readers that markets aren’t always rational — and that skilled investors can use this to their advantage.