MARKETS

Homebuilder Sentiment Stays Weak as Costs Squeeze Housing

Builders are still struggling to find demand US homebuilder sentiment barely improved in August as high borrowing and construction costs continued to weigh on the housing market. The NAHB/Wells Fargo Housing Market Index rose 1 point to 35, according to

Stocks Slip From Records as Consumer Sentiment Weakens

Stocks pull back after another record US stocks edged lower Friday after the S&P 500 reached another record high in the previous session. The S&P 500 slipped just below the flat line, while the Dow Jones Industrial Average and Nasdaq

Goldman Pays $2.25B to Double Down on Active ETFs

Goldman makes another major ETF acquisition Goldman Sachs is buying Neos Investments for as much as $2.25 billion, extending its push into actively managed exchange-traded funds. Neos manages about $30 billion across 19 ETFs, many of which use options to

Small Caps Outperform as Russell 2000 Hits Record

Small caps are no longer sitting out the rally The S&P 500 and Dow hit record highs this week, but the stronger story may be happening outside the largest stocks in the market. The Russell 2000 touched a record high

JPMorgan Pledges $750B to US Housing Push

JPMorgan is putting a larger number behind housing JPMorgan Chase plans to funnel $750 billion into housing over the next decade, marking a nearly 40% increase from what the bank has directed into the sector over the past 10 years.

Robinhood Opens Private Fund for Y Combinator Startups

Robinhood is building another public path into private tech Robinhood Markets has started formal marketing for Robinhood Ventures Fund II, its second publicly traded closed-end fund focused on private companies. The new fund will focus on startups that have participated

Leopold Aschenbrenner’s AI Fund Plunges Into Citadel Deal

Leopold Aschenbrenner’s AI fund was forced to sell Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness, sold the bulk of its public stock portfolio to Ken Griffin’s Citadel after heavy losses in tech holdings, according to Reuters. The sale came after

Nike’s China Sales Slide as Local Rivals Gain Ground

Nike missed China’s sports boom Nike should be winning in China right now. Sports participation is rising, health and fitness spending is growing, and China’s sportswear market has expanded sharply over the past five years. But instead of capturing that

US Targets Canada With 50% Tariffs on Key Goods

The US-Canada trade fight just escalated The US administration signed three proclamations Monday that would impose 50% tariffs on a wide range of Canadian goods, marking a major escalation in trade tensions between Washington and Ottawa. The proposed duties are