In One Chart Why the Toll of Fed Rate Hikes Will Keep Seeping into the Economy
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Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy
U.S. stock indexes mostly fell as corporations face the threat of high interest rates for longer.The Wall Street Journal - World -
Why historic buildings keep catching fire during renovations
Denmark’s historic stock exchange is latest in a series of European monuments that burnt downFinancial Times - Business -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
Why the NFL Draft is so unpredictable: 2023 first-round pick sums things up with this one story
The Bucs' Calijah Kancey, taken 19th overall, shares his emotional taleCBS Sports - Sports - NFL -
Is the global economy stumbling into ‘the tepid Twenties’?
Growth is picking up in the short term, but fears are mounting of a stagnant decade, with bleak political consequencesFinancial Times - Business -
The U.S. housing market’s biggest headaches, in five charts
After emerging from the ordeal of 8% mortgage rates, some in the housing market thought the worst was over.MarketWatch - Business -
Swifties praise 'The Tortured Poets Department' as it blasts to the top of U.S. charts
Swifties are ready for the new album's release at midnight ET.NBC News - Top stories -
Microsoft Games Are Having A Major Moment On The PS5 Best-Seller Charts
Microsoft courted controversy earlier this year when it announced it would start bringing formerly Xbox console-exclusive titles to PlayStation, but if the current PSN charts are anything to go by, the strategy seems to be working.A look at the ...GameSpot - Tech - Microsoft -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
California teacher dies in 140-foot fall at Arizona hiking trail
A California teacher died in a hiking accident on a steep and difficult mountain trail near Sedona, Arizona, this week, authorities said.NBC News - Top stories - California -
Tesla’s stock keeps getting cheaper — and Cathie Wood’s ETFs keep buying it
ARK Invest ETFs bought roughly $26 million of Tesla stock in the past three days, and more than $100 million in April.MarketWatch - Business -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Subsidy race with US and China would harm Europe’s ailing economy, IMF warns
Fund urges EU to avoid ‘protectionist’ policies and focus on cutting internal trade barriersFinancial Times - World - China -
Kerr: 'Lot of value' in keeping Dubs' core together
The hope within the Warriors is that the core of Klay Thompson, Draymond Green and Stephen Curry can remain intact despite missing the playoffs for the third time in five seasons.ESPN - Sports -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
James 'one of the very best wingers'
Former Wales international and manager John Toshack says Leighton James was "one of the very best wingers British football has ever seen."BBC News - Top stories -
Kit Vintage Is a Secondhand Oasis in Los Angeles
A laid-back shop in Los Angeles is a semi-secret spot for celebrities and costume designers.The New York Times - Lifestyle -
Modi’s Power Keeps Growing, and India Looks Sure to Give Him More
Few doubt the popular prime minister will win a third term in voting that starts Friday. His strong hand is just what many Indians seem to want.The New York Times - World - India -
Battle of the Beaches: Greece Has New Plan to Keep Its Coasts Pristine
The government has pledged to crack down on rapid development, and on seaside businesses seeking to take advantage of a tourist boom. But some residents and conservationists are unimpressed.The New York Times - World -
Why are American roads so dangerous?
Bad driving is probably playing a bigger role in the fatality rate than larger cars and longer journeysFinancial Times - World -
Why Jordan came to Israel’s rescue
On its face, Jordan’s high-risk decision to support Israel in repelling the hundreds of aerial vehicles that Iran fired at the Jewish State appears inconsistent with its vocal criticism of the Israeli invasion of Gaza. Amman’s long-time support of ...The Hill - Politics - Israel -
Why are fake plants suddenly everywhere?
At some point, perhaps when people started wanting Instagram backgrounds, we decided real plants were too demandingFinancial Times - Business -
Highlights from a gymnastics semifinals no one predicted
The NCAA gymnastics semifinals were a roller-coaster ride with stellar, title-winning routines -- but also more falls than anyone expected.ESPN - Sports -
One Potential Key to Knicks’ Season: Friendship
Jalen Brunson, Josh Hart and Donte DiVincenzo have been buddies since college, a situation that those who study the workplace say can foster success.The New York Times - Business -
How one bridge authority is upgrading their pier protection
CBS News' data analysis found 425 bridges in 36 states over waterways used by large vessels had inadequate pier protection.CBS News - Top stories -
Tiny Love Stories: ‘The One-Liners Kept Coming’
Modern Love in miniature, featuring reader-submitted stories of no more than 100 words.The New York Times - Lifestyle