CMHC reports annual rate of housing starts in June down six per cent from May

NZD firms as Conway reinforces RBNZ hawkish tilt on inflation risk !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Chart Of The Day: Good News/Bad News On Inflation (And The Fed)

Key Points The DRAM – Roundhill Memory ETF (NYSEMKT: DRAM), the first-ever exchange-traded fund (ETF) dedicated to memory stocks, came out of the gate strong, with the fund tripling from its $27 opening price when it debuted on April 2. However, more recently, the fund has pulled back, along with memory stocks, and is down…

APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to global crude supplies.  U.S. West Texas Intermediate futures…

OpenAI CEO Sam Altman said one topic was front and center at the billionaires’ summer camp in Sun Valley: AI spend. Speaking with CNBC at the annual Allen & Co. Sun Valley Conference, Altman said this was the first year AI spend has been a “very big topic” at the conference. “Everyone’s asking what we…

As Wall Street’s biggest banks delivered blowout second-quarter results, Morgan Stanley played a leading role in taking SpaceX public during the quarter, sharing a $100 million underwriting fee with Goldman Sachs. Pick framed the macro environment in direct terms during a call with analysts: the AI boom and what he called “the return of geopolitics”…