Power Trading Tips

New U.S. home construction slumped in September, adding to evidence that rapidly rising mortgage rates are continuing to cool demand and the once red-hot housing market. Read more… Mortgage demand drops to a 25-year low, as interest rates climb Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest

Homebuilder sentiment in the single-family home market has fallen to half what it was just six months ago as mortgage rates climb, according to a new report. Read more… Goldman Sachs overhauls banking and trading units Goldman Sachs announced a major reorganization Tuesday as the Wall Street powerhouse grapples with market volatility. Read more… Activist

Bank of America said Monday that quarterly profit and revenue topped expectations on better-than-expected fixed income trading and gains in interest income, thanks to choppy markets and rising rates. Read more… Goldman plans major reorganization to combine key units, sources say Goldman Sachs is planning a major reorganization to combine its biggest businesses into three

Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy. Read more… Mortgage rates hit 20-year high After taking a breather last week, mortgage rates rose again – moving even closer to 7%. Read more… Grocery chains Kroger,

Inflation at the wholesale level rose more than expected in September as prices for everyday necessities remain at a multi-decade high, squeezing businesses and millions of American households. Read more… Markets are worried the Fed is going too far A closely watched measure of inflation in the United States is expected to tick higher in

Inflation expectations and the outlook for household spending growth fell sharply in September as the Federal Reserve’s rate increases take hold in the U.S. economy. Read more… ‘The worst is yet to come’: IMF issues stark recession warning The International Monetary Fund has once again downgraded its forecast for the global economy with a sharp