TikTok U.S. exec’s departure sets up leadership shuffle, Musk and Zuckerberg call for a cage fight, and other news to start your day.
Long readTikTok U.S. exec’s departure sets up leadership shuffle, Musk and Zuckerberg call for a cage fight, and other news to start your day.
Long readThe Federal Reserve chairman told lawmakers the central bank is close to wrapping up its policy tightening campaign but likely has more work to do.
3 minMichelle Bowman outed herself as part of the majority of FOMC members who believe additional rate hikes will be needed to bring down inflation.
3 minThe bigger move contrasts starkly with the Federal Reserve's skip this month.
2 minFTC says Amazon ‘tricked’ people into joining Prime, Lab-grown ‘cultivated chicken’ products head to restaurants, home sale inventory dwindles as higher rates discourage sellers, and other news to start your day.
Long readOversight was in focus as two Fed governors testified before the Senate.
3 minA week after central bank officials opted to skip a rate hike, the Fed chair tells lawmakers it "may make sense" to raise interest rates further.
4 minThe labor market looks healthy based on analysis of initial unemployment claims, writes Anthony Chan.
3 minA seasonally-adjusted 1.4 million homes were for sale in May, Redfin says. That's the lowest count since 2012, according to the brokerage's records.
3 minThe state's high jobless numbers could be an omen of a nationwide downturn. Don't blame it only on tech's tough times.
Long readThe fallout from the Silicon Valley Bank collapse isn't over yet. Federal Reserve officials are gearing up to review tools and regulations to enhance supervision throughout the banking system.
4 minThe demand for new homes is strong because the supply of previously-owned homes remains low. Housing starts in May saw the biggest monthly increase since October 2016.
2 minChina moves to jolt post-Covid growth, what the Paris Air Show says about the aviation recovery, and other news to start your day.
Long readWas the central bank’s hawkish guidance a gift to those who agreed to a rate pause? The market didn’t buy the tough talk.
Long readThe S&P 500 has broken the 4200 level, marking a support if the stock market were to fall. And if that level were to hold, the index could be gearing up to rally again.
3 minFederal Reserve Chairman Jerome Powell is due to testify before both the House and Senate this week, it could prove to be a catalyst for cryptocurrencies.
2 minThe Fed may be following moves by Australia and New Zealand, but it looks like it's ahead of the European Central Bank.
2 minJuneteenth is celebrated yearly on June 19.
2 minAfter more than a year of rapid rises in mortgage rates, relief is in sight—but lower rates may not come as quickly as prospective buyers would like, economists say.
3 minReaders weigh in on the new bull market, cryptocurrencies, Apple’s Vision Pro headset, the presidential election, and merger arbitrage funds
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