Jpmorgan Top Economist Says the Fed Should Cut Rates by A Half Point This Month
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Elon Musk says DOGE probably won't find $2 trillion in federal budget cuts
Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on a goal he set ...NBC News - 6d -
Fed officials saw need for ‘careful approach’ to future rate cuts
Minutes from December meeting show policymakers are concerned about US inflation risksFinancial Times - 6d -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - 6d -
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 -
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 -
Special counsel's Trump report should be partially released, DOJ says
The Justice Department told a federal appeals court that the portion of special counsel Jack Smith's report on his investigation involving the 2020 election should be released to the public.CBS News - 6d -
Nearly half of credit card users are carrying debt — it may take months, or years, to pay off
Nearly half of Americans are starting off the new year in the red. And of those carrying credit card balances, many say it could take years to pay off.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 - Jan. 8 -
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 -
Labor Board Says Google Should Have to Bargain With Contractors’ Union
A National Labor Relations Board complaint says that as a joint employer of workers from IT staffing firm Accenture Flex, the tech giant should be obliged to negotiate with its union.Inc. - Jan. 7 -
More Americans say immigration a top priority: Survey
Nearly half of Americans said immigration should be a top priority for President-elect Trump to tackle in 2025, according to a survey released Tuesday. The Associated Press-NORC Center for Public ...The Hill - Jan. 7 -
Trump Jr arrives in Greenland after dad says US should own the territory
The president-elect has said Denmark's territory "will benefit tremendously if, and when, it becomes part of our nation".BBC News - 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 -
2025 Fantasy Baseball: Top 150 rankings for Dynasty leagues, complete with value rating system
Here's how to value players when weighing the short-term vs. the long-termCBS Sports - 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 -
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 -
Why bank stocks care that Michael Barr is stepping down as top Fed banking cop
As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.MarketWatch - Jan. 6 -
Michael Barr to step down as Fed’s top Wall Street regulator
US central bank’s vice-chair for supervision will leave his role in February but stay on as a governorFinancial Times - Jan. 6 -
Fed’s top bank cop to step down, averting potential clash with Trump
Politico - Jan. 6 -
New Orleans attacker visited city in months leading up to deadly rampage, officials say
Investigators say Shamsud-Din Jabbar traveled to New Orleans at least twice before the deadly attack on Bourbon Street on New Year's Day. Investigators also shared video, recorded by a camera in ...CBS News - 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 -
Musk says UK's Farage should not be Reform party leader
Tech billionaire Elon Musk said Sunday that British politician Nigel Farage should not be the Reform U.K. party’s leader. “The Reform Party needs a new leader,” Musk said in a post on the social ...The Hill - Jan. 5 -
Schiff says Kash Patel 'should not be confirmed'
Sen. Adam Schiff (D-Calif.) said Kash Patel, who was tapped as President-elect Trump’s nominee to lead the FBI, should not be confirmed by the Senate. Schiff joined NBC News's "Meet the Press" on ...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 -
Impoverished authors are told they should do it for the love. Try saying that to a dentist | Gareth Rubin
The average income for a writer is now £7,000. For our sake and the country’s, we need financial assistance. This week will be like A-level results week for authors, but with added economic ...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 -
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 -
Top Fed official warns of US inflation risk after Trump takes power
Tom Barkin’s comments come just weeks before the president-elect takes office with a vow to raise tariffsFinancial Times - Jan. 3 -
Rebuilding Man City: What players should Pep Guardiola recruit to return his squad to the top of Europe?
From Florian Wirz to Bruno Guimaraes, all the stars Manchester City could chase to reverse their fall from the pinnacleCBS Sports - Jan. 3 -
Thune says preserving the Senate filibuster will be a top priority
Sen. John Thune (R-S.D.) in his first prepared address as Senate majority leader says “preserving” the filibuster will be one of his top priorities, making an early move to quash any talk of major ...The Hill - Jan. 3 -
Alcohol should carry warning label for cancer risk, US surgeon general says
Advisory warns alcohol is third leading preventable cause of cancer in US and seeks to raise consumer awareness. Alcohol use is the third leading preventable cause of cancer in the US after ...The Guardian - 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 -
UK heading for tax rises despite return to growth, economists say
The FT’s annual poll forecasts better performance than France and GermanyFinancial Times - Jan. 3 -
What economists say about the UK’s outlook for 2025
Below are full responses to the FT’s annual survey about the British economyFinancial Times - Jan. 2 -
Elon Musk, Vivek Ramaswamy call remote work a 'Covid-era privilege.' Economists say it's here to stay
Economists say the work-from-home trend, which was widespread during the pandemic, won't diminish to its pre-Covid level because it's profitable for employers.CNBC - Jan. 2 -
Why teams should go for two to win rather than kick extra point to tie more often
The Falcons and Broncos suffered costly overtime losses in Week 17 after opting to kick game-tying extra pointsCBS Sports - Jan. 2 -
2025 NFL QB market: Top free agents, trade targets, cut candidates, projected landing spots, contracts, more
Playing matchmaker for big names and needy teamsCBS Sports - Jan. 2 -
Psychiatrists Discovered Doing This Just Once a Month Cuts Your Risk of Depression in Half
Looking for an easy but impactful new year’s resolution? Do this once a month in 2025 and you’ll cut your risk of depression in half.Inc. - Jan. 2
