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Mortgage rates post biggest increase in two months, going back over 7%
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ABC News - Top stories
Average rate on 30-year mortgage climbs for 1st time since late May to just under 7%
The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May -
BBC News - Top stories
Mortgage costs 'biggest challenge' for homeowners
The UK's biggest mortgage lender says the housing market remains "delicately balanced". -
CNBC - Business
Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko. -
ABC News - Sports
Wood drives in go-ahead run, Garcia homers twice in the Nationals' 7-5 victory over the Mets
James Wood singled home the go-ahead run in his third major league game, Luis García Jr. hit two homers and the Washington Nationals rallied to beat the New York Mets 7-5 on Wednesday nightMLB -
Financial Times - Business
Oil prices rally as peak driving season gets under way
Brent crude has risen about $10 a barrel since early June as US stockpiles dwindle -
The Wall Street Journal - World
Gold Futures Near Two-week Highs on Hopes for US Rate Cuts
Gold futures rose, nearing a two-week high, amid growing investor optimism for a U.S. interest rate cut. -
Financial Times - Business
ECB minutes reveal doubts over rate cut
Move to lower borrowing costs concerned many policymakers as inflation and wages moved in opposite direction -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
BBC News - Top stories
Two-match ban for Turkey's Demiral over ultra-nationalist salute
Turkey defender Merih Demiral is given a two-match ban for making an ultra-nationalist salute during his country's Euro 2024 win against Austria.
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MarketWatch - Business
U.S. presidential election highlights biggest risk to a bond-market rally in the second half
Of all the wild cards in the months ahead for the $27 trillion Treasury market, an increasing U.S. government deficit is regarded as perhaps the greatest long-term risk facing the market right now because of its potential to translate into higher ... -
MarketWatch - Business
‘Any technology stock with an AI story is rising too far and too fast,’ this veteran trader warns
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MarketWatch - Business
Why this fund manager trimmed his Nvidia position — and has a warning about AI
Ken Laudan of Buffalo Funds has changed his opinion about how long it will take for “AI adopters” to make the technology useful. -
MarketWatch - Business
Tesla’s stock is on a huge run. Here’s why one bear isn’t buying the ‘euphoria.’
Guggenheim is concerned that Tesla price cuts “pulled forward” demand, which could create challenges for the future. -
MarketWatch - Business
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.Federal Reserve