• 

  Reuters

  U.S. pending home sales fall more than expected in August

  Contracts to buy U.S. existing homes fell more than expected in August, tumbling by the most in nearly a year as high mortgage rates erode affordability, according to a survey released on Thursday. The National Association of Realtors' Pending Home Sales Index fell 7.1% to 71.8 from July's revised 77.3. The average mortgage payment rose to $2,170 in August, up $331 - or 18% - year-over-year, according to another data published on Thursday by the Mortgage Bankers Association.

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  AP Finance

  Billionaire Ryan Cohen takes over as CEO at GameStop, adding to chairman role

  Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer. Cohen is already the board chairman and the company's largest individual investor. GameStop said in a statement that Cohen won't receive compensation for serving as its president, CEO and chairman.

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  AP Finance

  Portugal is looking to sell off its state-owned airline after the carrier returns to profit

  Portugal plans to privatize flag carrier TAP Air Portugal next year, the government announced Thursday, after the airline returned to profit following a 3.2-billion-euro ($3.4 billion) taxpayer-funded restructuring program. The goal is to sell at least 51% of the company, Finance Minister Fernando Medina said after a Cabinet meeting. Medina didn't put a price on the company.

• 

  Bloomberg

  UOB: USD Strength Prolonged Until Early 2024

  United Overseas Bank Head of Markets Strategy Heng Koon How sees dollar strength prolonging until early 2024. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia".

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  TipRanks

  ‘Too Cheap to Ignore’: Cathie Wood Snaps Up These 2 Stocks Under $5

  Along with the markets’ recent pullback, so has Cathie Wood’s flagship Ark Innovation ETF (ARKK) handed back some of the year’s prior gains. Nevertheless, it has still outpaced the broader markets this year. And despite growing bearish macro concerns, looking at how Wood expects the landscape to shape up, the ARK Invest CEO is optimistic her innovation-first approach will continue to deliver. “I do think that what’s happening this year is that the market is starting to look over the Fed’s moves…

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  Bloomberg

  There Are High Absolute Yields in Muni Market: Barber

  Ben Barber, Franklin Templeton fixed income director of municipal bonds, says there are high absolute yields in today's muni market. He's on "Bloomberg Markets: The Close." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en

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  Yahoo Finance

  Ryan Cohen named GameStop CEO

  More than two years after Ryan Cohen joined the GameStop board amid the meme stock craze, the Chewy founder has been named GameStop CEO.

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  Bloomberg

  Big Short’s Lippmann Is Building Portfolios Resilient to High Rates

  (Bloomberg) -- Greg Lippmann, the trader who was immortalized in Michael Lewis’s book “The Big Short,” sees a soft landing by the Federal Reserve as unlikely and is focusing on investments that would perform well in a tougher economic environment or if rates were to rise further.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeLululemon Strikes Deal Wi

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  TipRanks

  These 10%-Yielding Dividend Stocks Look Very Attractive Right Now, Analysts Say

  What should we make of today’s market conditions? Investors have started digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include an increasing probability of a government shutdown as Congress grapples with partisan disagreements over annual budget resolutions, declining consumer confidence as worries mount, and a sharp surge in oil prices on the commodity trading floor

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  Zacks

  3 Energy Stocks to Buy for Crude Oil Surge & Stellar Dividends

  With WTI crude oil prices spiking 4% today and currently near $94 a barrel it's noteworthy that several Zacks Oils and Energy sector stocks are standing out with stellar dividend yields and the ability to benefit from the surging commodity price.