These Home Sellers Are Done Waiting for the Fed to Lower Rates
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Oil prices drift lower as traders fret over Fed, look for catalysts
Oil futures trade lower early Tuesday as traders worry over the outlook for crude demand as the Federal Reserve maintains higher interest rates.MarketWatch - Business -
Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
Spirit AeroSystems makes fuselages at the plant for Boeing's bestselling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.CNBC - Business -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Treasury yields dip after rising for three days in a row on Fed rate-cut caution
Bond yields fell early Tuesday as investors eyed another batch of comments from Federal Reserve officials.MarketWatch - Business -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
I bought my first home this year: 7 things I wish I'd done before getting serious about my search
My partner and I closed on a two-bedroom apartment in New York City in January 2024.CNBC - Business -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
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The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
BT’s CEO says she ‘loves to squeeze’ short sellers as shares jump
UK’s biggest telecoms group rises 17% as Allison Kirkby announces strategy and raises dividendFinancial Times - Business -
Talk about a market cap: ‘Dow 40,000’ hats are hot sellers
There’s a market for headwear tied to the stock market.MarketWatch - Business -
Thousands of children waiting too long for school support, BBC finds
Many councils in England are failing to meet legal deadlines to set out the extra help pupils need to access education.BBC News - Top stories -
Study Suggests Waiting Longer Before Withdrawing Life Support
A review of a limited number of cases of unresponsive patients with severe traumatic brain injuries raised questions about a custom of making a decision within 72 hours.The New York Times - Health -
Heart patients forced to wait over a year for treatment in England
Waiting lists are at a record high, almost double since 2020, with heart disease being the largest cause of premature death in deprived areas. Fifteen hospital trusts across England each have more than 200 patients waiting longer than a year for ...The Guardian - World -
Infected blood victims have waited too long - Shapps
Families have been let down over decades, says minister, ahead of a long-awaited inquiry report.BBC News - Top stories -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.NBC News - Top stories -
Fortnite Festival Just Did Something It's Never Done Before
Epic is teaming up with renowned singer Billie Eilish to introduce three new songs from her newly released album, Hit Me Hard And Soft, to Fortnite Festival. The newly added songs from the album are playable today as of 5 PM PT/8 PM ET.. This ...GameSpot - Tech -
Phillies do what they've done best to beat Nationals in series opener
Life's a lot easier as a pitcher, hitter or manager when you're playing from ahead, and the Phillies have done it five days a week all season.Yahoo Sports - Sports -
Freewrite Alpha Review: For People Who Just Want to Get Stuff Done
We mischievously asked our reviewer to use nothing but this distraction-free keyboard computer with virtually no display for a whole week. Annoyingly, he loved it.Wired - Tech -
Harrison Butker's jersey becomes Chiefs' best-seller after controversial commencement speech
Kansas City's kicker is seeing a bump in jersey sales after a polarizing speech at Benedictine CollegeCBS Sports - Sports -
Case Against Lodi, a Top NYC Restaurant, Could Lower Barriers to Unions
The National Labor Relations Board says the management at Lodi unlawfully fought a union drive. If the allegations are upheld, the board could force the company to bargain.The New York Times - Top stories -
Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.MarketWatch - Business -
Natural Gas Up Amid Lower-Than-Expected Inventory Build
Natural gas prices rose for a second consecutive day as U.S. storage grew less than expected.The Wall Street Journal - World -
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Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
New York crypto personality used 'Seinfeld' joke in fraud, feds reveal
A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.CNBC - Business - New York -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.MarketWatch - Business - Federal Reserve -
GOP lawmaker on Feds, UFOs: 'Give us the information. Let us decide'
Rep. Tim Burchett (R-Tenn.) is calling on federal government leaders to declassify all documents related to unidentified aerial phenomena (UAP), arguing federal agencies must be transparent if they are going to be funding millions of dollars. ...The Hill - Politics -
Fantasy Baseball Injury Rankings: Top 50 IL stashes indicate Mike Trout, Wyatt Langford worth the wait
If you're overrun with injuries, this list will help you prioritizeCBS Sports - Sports - Fantasy Football -
What's next for Knicks? How injury-shortened playoff run showed why New York is no longer waiting for a star
The Knicks weren't healthy enough to compete, but they have the talent to do so next yearCBS Sports - Sports - New York -
The Properties High Interest Rates Can't Touch
Competition to buy the world’s most exclusive stores is intense despite modest rent growth.The Wall Street Journal - World -
China Benchmark Lending Rates Held Steady
The country’s benchmark lending rates were held steady this month, central bank data showed Monday after Beijing announced bold moves to address property-sector malaise.The Wall Street Journal - World - China -
How should countries deal with falling birth rates?
As the UK and US continue to see falling birth rates, options to deal with the issue are limited.BBC News - Top stories -
RBA Elected Not to Fine Tune Rates at Policy Meeting
The Reserve Bank of Australia has warned that risks around the inflation outlook have risen, while uncertainty around the economy’s trajectory more broadly remains highly elevated.The Wall Street Journal - World