Feds Goolsbee Says Trending Economic Data Justifies Multiple Rate Cuts Starting Soon
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Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show
“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.MarketWatch - 6d -
Los Angeles fire official on multiple wildfires burning
Capt. Sheila Kelliher of the Los Angeles County Fire Department joins "CBS Mornings" to talk about the latest in battling multiple wildfires in the area.CBS News - 6d -
2 dead, multiple 'significant injuries' in LA wildfires
Two people are dead and several other individuals have suffered from “significant injuries” due to the Eaton Fire spreading in Los Angeles County, according to authorities. L.A. County Fire Chief ...The Hill - 6d -
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles
After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.Inc. - 6d -
Trump could declare national economic emergency to justify universal tariffs, CNN reports
The president-elect is looking at utilizing the International Economic Emergency Powers Act to implement his plan for tariffs on imports.CNBC - 6d -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - 6d -
LAFD firefighter and multiple civilians injured, official says
A Los Angeles Fire Department firefighter was injured and taken to the hospital for a serious head injury, according to LAFD official Margaret Stewart. There have also been multiple civilian burn ...NBC News - Jan. 8 -
Trump says he would use "economic force" to acquire Canada, but does not specify how
One day after Congress certified the 2024 election, and less than two weeks from his inauguration, President-elect Donald Trump addressed reporters on Tuesday in a wide-ranging 75-minute news ...CBS News - Jan. 7 -
Johnson says no cuts to Social Security and Medicare to fund Trump's agenda
House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.ABC News - Jan. 7 -
Tech stocks got slammed because economic data sparked a jump in bond yields
Data on job openings and service-sector activity sent markets into “good news is bad news” mode on Tuesday.MarketWatch - Jan. 7 -
Game Pass Dumps These Six Games Very Soon
It's time to go As it does at least one per month, Microsoft is dumping more games from the Xbox Game Pass library in January 2025. The first set of removals for the month have now been ...GameSpot - Jan. 7 -
Derek Carr says he won't take a pay cut to remain with Saints: 'Especially with what I put on tape'
Questions remain about Carr's futureCBS Sports - Jan. 7 -
Online holiday spending rises nearly 9%, as deep discounts and AI-powered chatbots fuel purchases, Adobe data says
The holiday e-commerce results from Adobe are a promising sign for the retail industry, which will begin reporting holiday results in February.CNBC - Jan. 7 -
Derek Carr says he won't take a pay cut for 2025
When the Saints signed quarterback Derek Carr two years ago after he was released by the Raiders, the contract was structured as a two-year guarantee with a team option thereafter.Yahoo Sports - Jan. 7 -
Are the new personal data rules workable?
Also in this newsletter: India’s forex reserves fall to an eight-month low and Kumar Mangalam Birla’s mantraFinancial Times - Jan. 7 -
Former Fed Chair Bernanke Says Trump’s Policies May Not Push Inflation Back Up
While plans to impose tariffs, cut immigration and expand tax cuts have alarmed many economists, others say early, pessimistic analyses may be incorrect.Inc. - Jan. 6 -
Trent Alexander-Arnold's Liverpool future needs settling soon, for everyone's sake
After his lackluster display vs. Man United, Alexander-Arnold's contract situation feels all the more urgent.ESPN - Jan. 6 -
Canadian PM Trudeau likely to announce resignation soon, reports say
Yahoo News - Jan. 6 -
The Worst Golden Globes Fashion Trend
Enough with the retro throwback nostalgia — Hollywood needs to be less conservative on the red carpet.The New York Times - Jan. 6 -
‘Virtual employees’ could join workforce as soon as this year, OpenAI boss says
Sam Altman says tools that carry out jobs autonomously, known as AI agents, could transform business output. Virtual employees could join workforces this year and transform how companies work, ...The Guardian - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
Deadly New Year's trend strikes again in Japan
Choking on mochi is so common that authorities offer tips every year on how to help someone who has the food lodged in their throat.CBS News - Jan. 6 -
Data Centers Need to Look Beyond Green Energy, Siemens Says
Operators must find an alternative solution to the AI energy-consumption conundrum, Siemens’s Smart Infrastructure CEO said.The Wall Street Journal - Jan. 6 -
Ruchir Sharma: top 10 trends for 2025
Projections about the coming year assume market shifts will be dictated by Donald Trump. But the global economy is unlikely to revolve around the USFinancial Times - Jan. 6 -
Tech trends at CES 2025 favor growth, so long as trade war doesn’t start | CTA
The tech market in the U.S. is expected to grow a few percent in 2025 to $537 billion, so long as there isn't a trade war.VentureBeat - Jan. 6 -
Biden signs Social Security bill, says American retirees deserve 'economic security and dignity'
President Biden on Sunday signed a Social Security bill repealing two statutes that have diminished payouts to public sector workers including firefighters and teachers for years. “The bill I’m ...The Hill - Jan. 5 -
Legal aid cuts deny parents their human rights, says ex-supreme court president
Exclusive: David Neuberger believes lack of access to state-funded lawyers for family disputes is ‘wrong in principle’. The former president of the supreme court has said parents are being deprived ...The Guardian - Jan. 5 -
ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
Tech groups to pay premium for energy for Malaysia data centres, says minister
Investment in ‘oil of the 21st century’ will support country’s development of renewable powerFinancial Times - Jan. 5 -
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Jan. 4 -
Britain’s economic gloom is overdone
The government can tackle bad vibes with a positive vision for growthFinancial Times - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes
Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...MarketWatch - Jan. 3 -
Ukraine says its unusual missile-armed sea drones have scored hits on multiple Russian helicopters in the Black Sea
Yahoo News - Jan. 2 -
Real estate trends for 2025: Regional sales, interest rates, more
From home sales ramping up in the South to when mortgage interest rates could come down, NBC’s senior business correspondent Christine Romans shares everything to know before buying a home in 2025.NBC News - Jan. 2 -
Data extracted from first Jeju Air black box, South Korea says
A second black box, which was damaged in the crash, will be sent to the US for analysis.BBC News - Jan. 1 -
Business trends, risks and companies to watch in 2025
Will private credit reap benefits from deregulation, can the tech bubble keep inflating and will EV sales start to rise again?Financial Times - Jan. 1 -
Xi Jinping, China’s Leader, Nods to Economic Challenges
In a New Year’s address, Xi Jinping made a rare acknowledgment of the flagging economy while reiterating the government’s growth targets.The New York Times - Jan. 1 -
The Evolution of Home Beauty Device Trends
As the science of skin care continues to expand, some of those advances have landed directly in consumers’ hands. Is that a good thing?The New York Times - Dec. 31
