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Morning Bid: Waiting on Nvidia for next leg of AI rally
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Next-generation healthcare tech stock Phressia (PHR -6.33%) was looking quite under the weather on Thursday. After it published its latest set of quarterly figures just after market close the day before, its equity was hit by a determined sell-off. It closed down more than 6% on Thursday. Improved outcomes Phreesia, which automates numerous processes underpinning…
The pace of existing-home sales closed out the second quarter in retreat, slowing from May to June but remaining higher than year-ago levels amid fragile homebuying demand. Updated sales data released Thursday by the National Association of Realtors (NAR) reflected a 2.4% slowdown in closed contracts over the month, which lowered the annualized sales pace…
The wheat complex is trading with the three exchanges extending gains on Friday. Chicago SRW contracts are showing 22 to 23 cent gains so far on Friday. KC HRW futures are showing 25 to 26 cent gains on the day. MPLS spring wheat is in rally mode, up 13 to 17 cents at midday. While…
Key insight: A new funding structure issued by the Department of Housing and Urban Development would have severely limited grants and excluded most existing fair-housing groups from receiving what remained. What’s at stake: Judge Myong Joun said HUD’s explanation for the changes “falls woefully short” and failed to account for organizations’ reliance on federal funding….