Our PureVest Weekly Roundup looked at the highly anticipated comments from Jerome Powell’s keynote speech at the annual Jackosn Hole summit. AI chip leader Nvidia blew out their earnings estimates and raised their guidance. Nike fell for a record 10th straight day after Foot Locker reported dismal earnings. As mortgage rates continue to climb, some trends have developed in the housing market, which may not be what you think! We added three articles on the different fixed-income options you now have. Enjoy the light reading, and have a great weekend!
Markets & Economy:
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
source:www.cnbc.com
Nvidia Touches Record High On AI-Fueled Earnings Beat
source:www.investors.com
Nike falls for record 10th straight day as Foot Locker woes, China slowdown hit stock
source:www.cnbc.com
These are 5 ways surging mortgage rates are reshaping the housing market
source:www.npr.org
Affirm shares rocket 26% after better-than-expected results and strong guidance
source:www.cnbc.com
Education:
CDs, high-yield savings accounts and treasury bills let you earn interest on your money, but which should you choose?
source:www.cnbc.com
How Are Treasury Bills (T-Bills) Taxed?
source:www.investopedia.com
How Are Yields Taxed on a Certificate of Deposit (CD)?
source:www.investopedia.com