JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed
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CBS News - Top stories
Is your HELOC draw period ending soon? What experts say you should know now
If your HELOC draw period is ending, there are some changes you should be aware of, like higher payments. -
NBC News - Top stories
Fed says inflation is moving in the right direction
Federal Reserve officials indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates.Federal Reserve -
MarketWatch - Business
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand. -
MarketWatch - Business
Hedge fund selling of tech stocks has limited potential for crash, JPMorgan says
Hedge funds in June sold off tech stocks at their fastest rate on record. This sell-off has limited the potential for a crash, JPMorgan said. -
The Hill - Politics
White House says gender-affirming surgeries should be limited to adults
The Biden administration said it opposes gender-affirming surgery for transgender minors, deviating from past statements that broadly support gender-affirming health care for youth and angering LGBTQ groups that have backed President Biden in the ... -
The Guardian - World
England players should share blame for poor performances, says Phil Foden
‘I feel sorry for Gareth. We have to be leaders’Southgate’s side face Switzerland in Euro quarter-finalPhil Foden has defended Gareth Southgate’s tactics and insisted England’s players should shoulder more of the blame for the team’s ... -
The Hill - Politics
Democratic rep says 'all viable options' should be considered for 2024 ticket
Rep. Seth Moulton (D-Mass.) said on Wednesday Democrats should consider “all viable options,” as the party weighs next steps amid concerns about President Biden’s standing as the presumptive party nominee. “When your current strategy isn’t ... -
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 -
The New York Times - Top stories
G.M. Sold Millions of Cars That Were More Polluting Than Allowed, E.P.A. Says
The agency reached a settlement with the automaker over the sales of S.U.V.s and pickups that emitted excess planet-warming carbon dioxide. -
NBC News - Top stories
Kansas' largest school district was discriminatory in its discipline, Justice Department says
An exhaustive investigation into Kansas’s largest school district found it disciplined Black and disabled students more frequently and harshly than their white counterparts, the Justice Department said Tuesday, announcing a settlement agreement ... -
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ABC News - World
Election outcomes won't change its Ukraine support, says the UN General Assembly's president
The president of the U.N. General Assembly says it will keep standing up for Ukraine’s territorial integrity and sovereignty whatever the outcome of national elections across the globe this year, adding that no country has the right to invade ...Ukraine -
The Hill - Politics
Biden, Harris join campaign call to stress staying on ticket
President Biden and Vice President Harris joined a call with their reelection campaign staff on Wednesday, during which the president stressed that he will stay on the top of the ticket amid panic within the party over whether he should step ... -
The Wall Street Journal - World
U.S. Stocks Trade Mostly Higher
Stock indexes were mixed in the shortened trading session, with the Nasdaq Composite and S&P 500 both on pace to hit fresh records. The Dow industrials slipped. -
The Hill - Politics
Fourth of July costs rocket higher
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fourth of July cookout costs hit record high New research finds that average Fourth of July cookout costs are expected to soar to ... -
BBC News - Top stories
Glamorgan tie with Gloucestershire when chasing world record 593
Gloucestershire and Glamorgan play out an epic last-ball tie as Glamorgan come within one run of setting a new world-record chase of 593. -
CNBC - Business
One of the biggest bears in this bull market is leaving JPMorgan
Marko Kolanovic, who called the Covid-era rebound but missed the latest stock rally, is leaving the bank. -
The Hill - Politics
Morning Report — Democrats fear loss with Biden as nominee
The Democratic Party has a massive problem this morning. A House Democrat from Texas Tuesday became the first in his party to publicly urge President Biden to step down as the nominee to allow another Democrat to run against former President ...Joe Biden -
Financial Times - Business
Insurers braced for losses as Hurricane Beryl breaks records
Industry executives warn storm’s size and early arrival raises risks for rest of season -
BBC News - Top stories
Learner driver failed theory test 60 times
The learner, who finally passed, notched up the highest number of fails for a single person in 2023. -
Financial Times - Business
Kolanovic to leave JPMorgan after series of mistimed stock market calls
Top analyst leaves US bank after bearish forecasts on S&P 500 -
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 -
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 -
MarketWatch - Business
Southwest Airlines adopts ’poison pill’ after Elliott Management discloses 11% stake
Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year. -
The Guardian - World
England beat New Zealand by five wickets: third women’s cricket ODI – live
Lauren Bell took her first five-for at international level before the brilliant Nat Sciver-Brunt guided England to a 3-0 series win. “Absolutely huhning it down here in Bristol Dan”. That’s the bleak report from Michael Jelley. I’m not sure what ...New Zealand -
CNBC - Business
Ford sales edge 1% higher in the second quarter, led by trucks
Ford truck sales of 308,920 vehicles marked the company's best second-quarter performance for the vehicle category since 2019. -
Financial Times - World
Libraries should be at the heart of public life
For those from less privileged backgrounds especially, they provide vistas of opportunity -
The Wall Street Journal - World
'No One's Pushing Me Out,' Biden Says, as Pressure From Democrats Grows
The president told campaign staff that he isn’t dropping out of the race. His remarks come amid an all-hands effort by Biden and his senior advisers to reassure Democrats that he is capable of serving another four years in office.Joe Biden -
CBS News - Top stories
Polls predicting historic loss for U.K.'s Conservative Party on eve of election
Voters in the United Kingdom will vote Thursday in an election that, if polls are to be believed, could end in disaster for the country's Conservative Party. BBC correspondent Damian Grammaticas joined CBS News with more on the election. -
BBC News - Top stories
Study links weight-loss drug to rare eye condition
People prescribed semaglutide may have a higher risk of developing a rare eye condition, a study suggests. -
The New York Times - Business
You Tested Positive for Covid. Can You Still Travel?
With coronavirus cases on the rise, summer travelers are once again facing difficult questions. Here’s the latest travel guidance from health experts. -
Financial Times - World
Fed officials wanted ‘greater confidence’ that US inflation was cooling
Minutes of June meeting showed some officials were concerned about effect of high rates on job marketFederal Reserve -
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 -
MarketWatch - Business
Wall Street’s most bearish strategist is leaving JPMorgan. Here’s a look at his market calls.
Chief market strategist Marko Kolanovic is leaving JPMorgan Chase & Co. following a 19-year stretch with the bank, according to a person at the investment bank who shared details from two internal memos with MarketWatch on Wednesday. -
Financial Times - Business
Why Starmer should now play prosecutor on Brexit
A proper audit of the impact of leaving the EU would deliver political and economic benefits to incoming Labour ministers -
The Wall Street Journal - World
Auto Industry Warns of Supply-Chain Upsets, Higher Costs From Cybersecurity Rules
The Commerce Department is investigating how to limit cyber risks in connected cars made with parts from China and other adversaries. -
CNBC - Business
Private payrolls grew by just 150,000 in June, less than expected
Companies added 150,000 jobs for the month, below the upwardly revised 157,000 in May and the Dow Jones consensus estimate for 160,000. -
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CNBC - Business
Tesla stock rises again after better-than-expected deliveries report
Tesla shares saw more gains Wednesday, after jumping 10% in the previous session.Tesla -
CBS News - Top stories
More than 70 million people expected to travel for July 4th
AAA says 70.9 million people will be traveling at least 50 miles this week for the Fourth of July, with 60 million moving by car. CBS News Boston reporter Penny Kmitt has a look at the situation for flyers from Logan International Airport.