Fed’s Goolsbee makes case for rate cut in coming months, citing ‘warning signs’ of a slowdown
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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 -
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. -
The New York Times - Business
Investors Bet on Rate Cuts as Recent Data Suggests Slowdown
Markets are expecting the Federal Reserve to make roughly two reductions of a quarter-point each this year. -
The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
The Wall Street Journal - World
Case for September Rate Cut Builds After Slower Jobs Data
The U.S. economy added a solid 206,000 jobs last month. But the unemployment rate ticked up to 4.1%, a sign of slack in what has been a strong labor market. -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
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 -
NBC News - Top stories
S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes
The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.Federal Reserve -
NBC News - Top stories
Trump seeks pause in documents case, citing Supreme Court immunity ruling
The former president has argued that removing classified documents from the White House and allegedly designating them as personal items were "official acts."Donald Trump -
The Wall Street Journal - World
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates. -
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The Wall Street Journal - World
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market.
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market. -
The Guardian - World
Warning signs: a history of Joe Biden’s verbal slips
Signs were hiding in plain sight well before the US presidential debate against Donald Trump. Warning signs of Joe Biden’s decline were hiding in plain sight well before last month’s calamitous US presidential debate performance against Donald ...Joe Biden -
The Wall Street Journal - World
Metal Prices Mixed; Gold Slips Slightly But Base Metals Rise
Base metals prices were higher while gold futures ticked lower but broadly holding ground, supported by rising jobless claims, which weighed on investor belief in a still-hot U.S. labor market, SP Angel said. -
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 -
The Hill - Politics
Fed confident in 'restrictive' rate level while sounding notes of caution
Minutes from the Federal Reserve’s June meeting revealed confidence among central bankers that elevated interest rates were having the desired effect of cooling the economy toward a soft landing and 2-percent annual inflation. “The vast majority ...Federal Reserve -
Yahoo Sports - Sports
Celebrini signs Sharks contract, will go pro this coming season
Macklin Celebrini officially signed his entry-level contract with the San Jose Sharks on Saturday and will go pro for the 2024-25 NHL season. -
MarketWatch - Business
Saudi Arabia cuts Asia oil prices for second straight month
Looking at other importing regions, the oil producer instead increased its August prices for all grades for customers in northwest Europe and the Mediterranean. -
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. -
The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
CBS News - Top stories
Hiring in the U.S. slowed in June, raising hopes for interest rate cuts
Employers added 206,000 jobs last month and the unemployment rate edged higher to 4.1%. -
The Wall Street Journal - World
Nasdaq Rises After Jobs Report Keeps Rate Cuts in Play
The S&P 500 and Nasdaq Composite were poised to hit fresh closing peaks, after reaching new records ahead of the Fourth of July holiday. The Dow industrials were roughly flat. -
The Wall Street Journal - World
Weak Labor Market to Offer Bank of Canada Comfort on July Rate Cut
A weak employment report for June should provide comfort to the Bank of Canada about following up June’s interest rate cut with another reduction in July, says CIBC Capital Markets. -
CBS News - Top stories
June jobs report signal possible interest rate cut later this year
The U.S. added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to new data from the Labor Department's Bureau of Labor Statistics. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers ... -
Financial Times - Business
British Airways owner IAG warns airfares must rise to fund carbon cuts
Company’s chief Luis Gallego expects cost implications of switch to cleaner fuel to hit passenger demand -
MarketWatch - Business
Mortgage rates post biggest increase in two months, going back over 7%
Mortgage applications fell 2.6% in the last week, the Mortgage Bankers Association said.Mortgage -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 99.83
The WSJ Dollar Index was down 0.2 to 99.83 — down for four consecutive trading days. -
The Hill - Politics
The June jobs slowdown
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Job market slows down with rate cuts on horizon Softer employment numbers for June highlight recent cautionary positions from the ... -
MarketWatch - Business
2-year Treasury yield ends at lowest since March on signs of deteriorating labor market
U.S. government debt rallied on Friday, sending the policy-sensitive 2-year yield to a more than three-month low, after government data showed that fewer jobs had been created in May and April than initially thought. -
CBS Sports - Sports
LeBron James reportedly takes slight pay cut to help Lakers duck second apron as he officially re-signs
James will earn slightly less than the max for the Lakers this seasonNBA -
CBS Sports - Sports
Ranking top 25 players in NFL history: One current player makes the cut on list of all-time greats
These 25 players stand out from the restNFL -
CBS Sports - Sports
Giants scout makes error in evaluation on Christian Wilkins when team evaluated signing him in free agency
Wilkins was one of the best interior pass rushers on third down -
CBS Sports - Sports
2024 John Deere Classic scores, takeaways: C.T. Pan, Aaron Rai share Round 2 lead as Jordan Spieth makes cut
There are 26 players at 10 under or better at TPC Deere Run -
MarketWatch - Business
‘My stepmother makes me feel unwelcome’: I bought a house for my father in 2008, but now he wants me to sign over a 50% share for his third wife
“He has been married to his third wife for three years; she has asked him where she will live when he passes.” -
CNN - Top stories
US job growth slowed in June, latest employment data shows
Live coverage of the June jobs report has now ended. The US economy added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to the Bureau of Labor Statistics. -
Financial Times - World
The case for an England victory in the Euros
Dull passing game has dogged favourites until quarter-finals but easier route leaves them well placed for glory -
MarketWatch - Business
Is the big slowdown in hiring finally here? June U.S. jobs report not supposed to show it.
The U.S. economy wasn’t supposed to churn out so many new jobs this year, according to the experts. But lots of businesses have been hiring to underpin a solid economic expansion. -
The Wall Street Journal - World
Only the Fed Can Rekindle America's Love for Cars
New-vehicle sales are stuck in middle gear as high interest rates and high prices push less affluent consumers into the secondhand market.Federal Reserve