Wholesale inventories surge unexpectedly, raising economic concerns

The leading mortgage trade group is downgrading its origination forecasts as rates are cutting into anticipated refinance volume.  Processing Content The Mortgage Bankers Association is projecting $2.147 trillion in total originations for 1- to 4-family unit properties this year, it said Friday. That’s a slight decline from the $2.163 trillion projection in July, and on…

In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The banking, capital goods, and realty sectors exhibit promising technical patterns for investors. Additionally, consumer durables, healthcare, power, and auto sectors are projected to perform well. However, a selective caution is suggested for FMCG, metals, and oil & gas stocks as the brokerage…

Is it safe to eat salad yet? On Friday, California-based salad juggernaut Taylor Farms announced it is “voluntarily” removing all of the iceberg lettuce it sources from central Mexico for the US market. “No other Taylor Fresh Foods products across the country are impacted,” the company said. It’s unclear whether this means that all of…

U.S. stock-index futures were little changed on Sunday, as it appeared the U.S. was on the verge of an all-out trade war with Canada, one of its biggest trade partners.