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Fed’s Bowman says she’s still willing to raise rates
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Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
Comex Gold Ends 1.4% Higher at $2412.20
Front Month Comex Gold for May delivery gained 1.4% to $2412.20 — a fresh record highThe Wall Street Journal - World -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Gold, silver and platinum's red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.CNBC - Business -
Cristiano Ronaldo says he has no plans to retire: 'I feel proud to have this age and still compete'
The 39-year-old is under contract with Saudi Arabia's Al-Nassr until 2025CBS Sports - Sports -
Rainn Wilson Is Willing To Appear On The Office Follow-Up Series
As one of the original actors from the American incarnation of The Office, Rainn Wilson has been associated with the franchise for almost 20 years. Wilson's character, Dwight Schrute, was even in contention for his own spin-off series, The Farm. ...GameSpot - Tech
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Boeing’s Starliner launch pushed back to May 25 for first crewed mission
The historic first manned launch of the spacecraft has been hindered by delays.MarketWatch - Business -
Riding the Roaring Kitty roller coaster: Why GameStop and AMC meme madness is an ‘outlier event’
“It felt as though the market briefly took a trip back to 2021 this week” — but the spike in GameStop and AMC shares will not be a long-lasting or market-moving event, according to experts.MarketWatch - Business -
Reddit-OpenAI deal highlights demand for social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.MarketWatch - Business -
‘I got bitten by a feral cat’: I’m 50, single, with no kids. Should I cash out my $12,000 life-insurance policy — my hospital copay wiped out my savings.
“I was thinking about cashing it out, and using the money to max out a SEP or Roth IRA for the year. Can I max out both? Or only one.”MarketWatch - Business -
Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.MarketWatch - Business