Fed's Daly Says Rate Adjustment Likely Needed in ‘Coming Months'
'The labor market has softened. And I would see additional slowing as unwelcome,' Daly said Wednesday in prepared remarks for an event in Anchorage, Alaska. 'All this means that we will likely need to adjust policy in the coming months.'
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Prediction markets have a new favorite for the next Fed Chair — Christopher Waller
The odds that Federal Reserve Governor Christopher Waller will be named the next chairman crossed above 50% for the first time on prediction market Kalshi. Waller's probability spiked from just about 16% Wednesday after Bloomberg News reported, citing people familiar with the matter, that President Donald Trump's advisers like his openness to adjust monetary policy based on forecasting, rather than current data. It also reported that Waller has met with Trump's team about the Fed chief role, but he hasn't met with the president himself. Waller's chance on Kalshi has exceeded the previous front-runners, former Fed official Kevin Warsh and current National Economic Council Director Kevin Hassett, whose odds stand at 20% and 35%, respectively. Trump nominated Waller to the Fed in 2020. In the most recent July Fed decision, Waller, along with Governor Michelle Bowman, publicly dissented with the Fed's decision to hold rates. Waller said the Fed's wait and see approach is "overly cautious." "Waller is an ideal choice for investors given his recent dovish posture and political independence credibility," Adam Crisafulli, founder of Vital Knowledge, said in a note. Hassett and Warsh have advocated for lower interest rates. Current Chair Jerome Powell, whose term ends in May 2026, has been a frequent target of Trump's criticism for keeping rates elevated. On Polymarket, another popular prediction platform, Waller is also the front-runner with the chance rising to 35%. Hassett has a chance of 22%, while Warsh is currently at 11% on Polymarket. A total of 31% of participants wagered that no announcement will be made by December. Earlier this week, Trump told CNBC that he had four candidates in mind for the top slot, but appeared to give the nod to both Warsh and Hassett. "He's very good," Trump said, referring to Warsh. "Sometimes they're all very good, until you put them in there, and then they don't do so good. But … I think he's a very good guy. I'd say Kevin and Kevin, both Kevins are very good." Those comments had immediately sparked a flurry of activity that sent the odds for Hassett and Warsh higher on Kalshi.
Yahoo
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- Yahoo
Snap Inc. (SNAP) Nosedives 17% on Wider Net Loss
We recently published . Snap Inc. (NYSE:SNAP) is one of the worst-performing stocks on Wednesday. Shares of Snap fell by 17.15 percent on Wednesday to close at $7.78 apiece, as investor sentiment was dampened by a higher net loss in the second quarter of the year. In its updated report, Snap Inc. (NYSE:SNAP) said net loss widened by 6 percent to $262 million from $248.6 million in the same period last year. Revenues grew by 9 percent to $1.345 billion from $1.236 billion year-on-year. Despite the dismal quarter, the company narrowed its net loss by 27 percent in the first half of the year to $402 million from $553.7 million in the same period last year. Revenues increased by 11 percent to $2.7 billion from $2.4 billion. Following the results, Snap Inc. (NYSE:SNAP) earned a lower price target of $10 from RBC Capital, as compared with the $12 previously. Still, the new figure marks a 28-percent upside from its latest closing price. RBC Capital described the second quarter as a 'tough Q2' for Snap Inc. (NYSE:SNAP), with planned ad platform development and surface expansion efforts not going according to plan. Additionally, RBC Capital said that the underperformance would 'continue to reinforce the bear case that SNAP cannot break out of being a smaller ad platform lacking the ability to durably grow its direct response business in-line with the market.' While we acknowledge the potential of SNAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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HOME PRICE GROWTH IN OPPORTUNITY ZONES SLIGHTLY BEHIND REST OF NATION IN SECOND QUARTER
Price Gains Inside Opportunity Zones Targeted for Economic Redevelopment Edged Up This Spring but Trailed the Broader U.S. Housing Market IRVINE, Calif., Aug. 7, 2025 /PRNewswire/ -- ATTOM, a leading curator of land, property data, and real estate analytics, today released its second-quarter 2025 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 3,838 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the second quarter of 2025. The report found that median single-family home and condo prices increased from the first to the second quarter of 2025 in 57 percent of Opportunity Zones around the country with enough data to measure. About half of Opportunity Zone census tracts, 50.5 percent, saw median home values rise compared to the same time last year. That was a smaller share than the rest of the country: Home values rose in 56 percent of census tracts outside of Opportunity Zones. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes As the country as a whole saw record-high home prices in the second quarter of 2025, about 8.4 percent of Opportunity Zones experienced their highest median prices since at least 2008. And 39 percent of Opportunity Zones with sufficient data to analyze saw median property values rise by 10 percent or more annually. However, price growth was slowest in Opportunity Zones that had the lowest median home sales prices while prices rose in similar shares of Opportunity Zone census tracts in the mid- and high-priced zones. "Home values in most Opportunity Zones continue to move in step with the broader market—a pattern we've tracked since we began studying this segment," said Rob Barber, CEO of ATTOM. "Drill down, though, and volatility persists, especially in the lowest-priced neighborhoods. Limited inventory nationwide is still driving prices higher and nudging marginal buyers toward areas with deeper economic challenges." Barber added, "Even with that upward pressure, a significant share of Opportunity Zone markets are trailing the nation in year-over-year price gains, reminding us that the recovery remains uneven and that some communities have a longer road ahead." Opportunity Zones are defined in the Tax Act legislation as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia and U.S. territories. Census tracts, as defined by the U.S. Census Bureau, cover areas that have 1,200 to 8,000 residents, with an average of about 4,000 people. While the gap between census tracts in and outside of Opportunity zones is relatively modest when it comes to how likely they were to experience price growth in the second quarter of 2025, the actual sticker prices of homes in these areas still tends to be much lower. In the second quarter, 79.9 percent of Opportunity Zone census tracts posted median home prices below the national median of $369,000. About half of Opportunity Zone census tracts (49.6 percent) had median home prices under $225,000. Considerable price volatility also continued inside Opportunity Zones. The median home price rose or fell by more than 5 percent year-over-year in 73 percent of the Opportunity Zone census tracts in ATTOM's analysis. That likely reflected small numbers of sales in many zones. Major findings from the report: Median prices of single-family homes and condos rose from the first to the second quarter of 2025 in 57.3 percent (1,813) of the 3,162 Opportunity Zone census tracts with sufficient data to analyze in both quarters. Year-over-year, median values rose in 50.5 percent (1,938) of the 3,432 Opportunity Zone census tracts with sufficient data. Home prices rose annually in a smaller share (50.5 percent) of Opportunity Zone census tracts compared to the 56 percent of tracts located outside the zones that saw median prices increase. A larger share of Opportunity Zones tracts saw median prices grow by 10 percent or more annually: 39 percent of tracts inside the zones compared to 32 percent of tracts outside the zones. The areas with the lowest home values saw the most sluggish growth, with only 39 percent (289) of the 742 Opportunity Zone census tracts where median sales prices were below $125,000 seeing any increase in prices year-over-year. The Midwest saw the strongest growth among its Opportunity Zones. Among states with at least 25 Opportunity Zones that had sufficient data to analyze in the second quarter of 2025, Wisconsin had the highest share where median home prices grew year-over-year (medians up from the second quarter of 2024 to the second quarter of 2025 in 68 percent of zones), followed by Indiana (65 percent), Iowa (65 percent), Michigan (64 percent), and Missouri (59 percent). Home prices in most Opportunity Zones are well below those outside of them. About half of Opportunity Zone census tracts had median home prices below $225,000 in the second quarter of 2025 while the national median home price was $369,000. The majority (54 percent) of Midwestern Opportunity Zone census tracts had median home prices below $175,000, compared to the Northeast (38 percent), the South (36 percent), and the West (6 percent). Report methodologyThe ATTOM Opportunity Zones analysis is based on home sales price data derived from recorded sales deeds. Statistics for previous quarters are revised when each new report is issued as more deed data becomes available. ATTOM's analysis compared median home prices in census tracts designated as Opportunity Zones by the Internal Revenue Service. Except where noted, tracts were used for the analysis if they had at least five sales in the second quarter of 2025. Median household income data for tracts and counties comes from surveys taken by the U.S. Census Bureau ( from 2019 through 2023. The list of designated Qualified Opportunity Zones is located at U.S. Department of the Treasury. Regions are based on designations by the Census Bureau. Hawaii and Alaska, which the bureau designates as part of the Pacific region, were included in the West region for this report. About ATTOMATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID. From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, Cloud Delivery, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more. Media Contact:Megan Data and Report Licensing:949.502.8313datareports@ View original content to download multimedia: SOURCE ATTOM Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
