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Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.
Rates were supposed to go down — but a strong U.S. economy is getting in the way.MarketWatch - 9h -
U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.CNBC - 14h -
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As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury
With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche experiences.The New York Times - 1d -
Banchero stars with 34 in return but Magic fall
Paolo Banchero, back in Orlando's lineup for the first time in almost 2½ months while recovering from a torn oblique muscle, gave his team a chance on Friday night, but the Magic fell to the Bucks ...ESPN - 2h -
Their Social Security benefits were slashed. Now they’re getting hundreds — maybe thousands — of dollars back under new law Biden just signed.
Retired public workers will get check adjustments and retro pay under the recently signed Social Security Fairness Act.MarketWatch - 11h -
December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.CBS News - 14h -
Consumer expectations for higher inflation soar in early January
Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.MarketWatch - 15h -
December jobs report expected to show hiring slowdown
The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...CBS News - 18h -
Falling Chinese bond yields signal concern with deflation
Investors expect price pressures to become entrenched in world’s second-largest economyFinancial Times - 1d -
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Treasury yields fall in shortened trading session
U.S. Treasury yields fell during a shortened trading session as the bonds market will close early in honor of the late former U.S. President Jimmy Carter.CNBC - 1d -
Key moments to expect at Jimmy Carter's state funeral
Norah O'Donnell previews the special coverage of former President Jimmy Carter's state funeral, highlighting what to expect as the nation bids farewell to the 39th president at the Washington ...CBS News - 1d -
These Roadies Help Stars Rock ’n’ Roll All Night. They’re in Their 70s.
Some of the live music industry’s most respected and consistently working roadies, instrument techs and sound people have been on the job for half a century.The New York Times - 1d -
Venezuela's Maduro could be the next dictator to fall
Assad’s defeat points to Maduro’s growing weakness and isolation.The Hill - 1d -
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Two Football Lifers Became Outcasts. With the Vikings, They’re Revered.
The Minnesota defensive coordinator Brian Flores and the senior vice president of player personnel Ryan Grigson have become each other’s allies.The New York Times - 2d -
Meloni’s European moment risks falling flat
Italy’s most successful premiers on the EU stage tend to be technocrats not professional politiciansFinancial Times - 2d -
More dangerous winds expected in California
As wildfires continue to spread in Southern California, the worst of the heavy winds haven't even arrived. Lonnie Quinn takes a look at what comes next.CBS News - 3d -
Lions expect Montgomery to be ready for playoffs
Detroit Lions coach Dan Campbell said he expects veteran running back David Montgomery, who suffered an MCL injury in the Week 15 loss to the Buffalo Bills and has been sidelined the past three ...ESPN - 3d -
A Timeline of Justin Trudeau’s Rise and Fall
The Canadian prime minister, who said on Monday he would step down, has spent a quarter-century in the political spotlight.The New York Times - 3d -
Thousands expected to pay respects to Jimmy Carter in the Capitol
Despite winter weather delays, Jimmy Carter will be moved from his home state of Georgia to Washington D.C. where he will lie in state at the U.S. Capitol before his public funeral on Thursday. NBC ...NBC News - 3d -
They Instigated an Infamous N.B.A. Brawl. Now They’re on the Same Team.
For 31 years, Nate McMillan and Scott Brooks never talked to each other about their confrontation. Then JJ Redick hired both of them.The New York Times - 4d -
China rushes to reassure investors as equities and renminbi fall
CSI 300 down 4.2% this year and currency slides to 15-month low as Donald Trump’s return weighs on marketsFinancial Times - 4d -
Assad’s fall is an opportunity for a US win over China
Trump may believe that Syria is “not our fight,” but the competition with China is very much ours and will undoubtedly be a focus of his administration.The Hill - 5d -
Phantom data centers: What they are (or aren’t) and why they’re hampering the true promise of AI
So-called fake data centers are a bottleneck to scaling infrastructure to keep up with compute demand for AI and other critical workloads.VentureBeat - 6d -
The Trump sentencing: Curtain to fall on Merchan's Hamlet on the Hudson
After years and millions spent in the various Trump cases, Trump will likely receive an unconditional discharge and sent along his way . . . to the White House.The Hill - 6d -
Man dies in Lake District ridge fall
Members of Keswick Mountain Rescue Team thank fell walkers who went to help.BBC News - 6d -
What to expect in 2025 if economist forecasts are as bad as usual
Nobody has a crystal ball, and that’s demonstrated every year when Wall Street’s professionals hazard a guess on what to expect for the following year.MarketWatch - 6d -
WATCH: 2025 Golden Globes’ predictions and what to expect
ABC News’ Will Ganss and senior entertainment reporter at ESPN's Andscape Kelley Carter discuss the kickoff to awards season.ABC News - Jan. 3 -
UK mortgage approvals fall in November
Unexpected decline interrupts recovery in housing market activityFinancial Times - Jan. 3 -
Biden expected to block $15bn takeover of US Steel
President set to kill Nippon Steel’s bid in one of his final acts in officeFinancial Times - Jan. 3 -
Reinsurance costs fall as sector deploys record capital
Decrease follows two years of bumper profits for providersFinancial Times - Jan. 2 -
All Democrats expected to participate in Speaker’s vote
All Democrats are expected to be in the Capitol on Friday for the vote to seat the next Speaker of the House, according to the Democratic whip’s office. The full participation of Democrats is ...The Hill - Jan. 2 -
Biggest financial stories of 2024 and what to expect this year
From the stock market to inflation, CBS News MoneyWatch correspondent Kelly O'Grady looks back on some of the big financial stories of 2024 and what to expect in 2025.CBS News - Jan. 2 -
Jobless claims fall to lowest level in 8 months to end 2024
The number of people filing new applications for unemployment insurance fell to the lowest level since last April as the job market showed signs of strength within a broader cooling off in ...The Hill - Jan. 2 -
US unemployment claims fall to the lowest level since March
The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job securityABC News - Jan. 2 -
Fall in UK university science courses stokes fears for industrial strategy
Chemistry courses have dropped a quarter and biosciences by 15% in past 5 yearsFinancial Times - Jan. 2 -
Trump’s killing of Qassem Suleimani led to fall of Assad, says Tugendhat
Ex-security minister says assassination ordered by Trump set off chain of events that led to revolution in Syria. Donald Trump’s decision to sanction the assassination of an elite Iranian commander ...The Guardian - Jan. 1