If an offshore entity’s “footprint” in the US is big enough, they must register their derivative contracts or risk facing enforcement actions, says CFTC Chair Rostin Behnam.
US Representatives Tom Emmer and Patrick McHenry gave Gary Gensler until the end of the month to answer questions about the SEC’s approach to crypto airdrops.
Hennion & Walsh CIO Kevin Mahn sits down in-studio with Josh Lipton and Josh Schafer on Market Domination ahead of Wednesday’s expected interest rate cut, discussing why the utilities sector (XLU) stands out in a changing rate environment. Utilities are “generally known for paying attractive dividend yields" and as interest rates come down, “these high dividend paying stocks are going to look a lot more attractive,” Mahn says. The sector has “also historically have a very defensive nature" which could help weather near-term volatility brought on by not only the 2024 presidential election and the "Fed guessing game." Mahn tells Yahoo Finance that the utility sector is "a backdoor play into the AI revolution" due to the intense power demands of data centers. He highlights Southern Company (SO), Sempra Energy (SRE), and NiSource (NI) as stocks within the sector that could benefit. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
The S&P 500 (^GSPC) reached an intraday record high on Tuesday while closing just below its flatline on the eve of the Federal Reserve's interest rate decision. Yahoo Finance markets and data editor Jared Blikre joins Josh Lipton on Asking for a Trend to look back on the day's biggest market drivers, which also includes fund managers' persistent bullishness on Magnificent Seven tech stocks and pricing trends within silver (SI=F). For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.
The National Association of Home Builders (NAHB) reported home builder confidence to have risen to a print of 41 in September, up from August's reading of 39. Mortgage rates, also, continued to cool to 6.2%, declining their lowest levels since February 2023. Josh Lipton and Josh Schafer bring National Association of Home Builders CEO Jim Tobin onto Market Domination to talk about the signals the Federal Reserve is sending to the US housing market as the central bank continues to cut interest rates for the first time in four years this week. The Fed's rate narrative "does translate into almost a one-for-one cut in those construction loans that our members use in order to buy and improve land and start projects. So that's really what the Fed means for homebuilding in the short term," Tobin explains. He touches on the latest economic proposals hinted at by presidential candidates Donald Trump and Kamala Harris and why the focus should remain on the supply side of the housing market. "The days of 3 or 4% mortgages are gone, I'm afraid. So what we need to do is get this whole generation of buyers to recognize that 5.5% is still really cheap money, historically, when it comes to mortgage rates," Tobin says. "And it's going to be a great time to buy your home. For those who bought earlier in the last couple of years, it's going to be an opportunity for them to refi [refinance]." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Prospective homebuyers are looking to the highly-anticipated interest rate cuts as a re-entry point back into the housing market. The coming of interest rate easements are believed to be a factor that could also cool mortgage rates. Bank of America head of consumer lending Matt Vernon joins Wealth! to give his assessment of the current US housing market, along with tips for prospective homebuyers who may decide now is the time to start looking. Vernon explains that the best time to buy is when the consumer is ready, both financially and emotionally, explaining that attempting to time the market is "never a good thing." Vernon goes on to advise homebuyers to be flexible and they should be open to various home sizes and locations when entering the market. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Jeremy Moses.
The Home Builder Confidence Index rose to 41 in September, up from August's reading of 39. The latest print from the National Association of Home Builders (NAHB) came in line with expectations as mortgage rates continue to cool to 19-month lows. Catalysts anchor Seana Smith breaks down the data and what interest rate cuts from the Federal Reserve could mean for the homebuilder category. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.