Fed board member opens door to 1-point hike if demand rises
WASHINGTON (AP) — Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be…
Headlines
Fed’s Waller Backs 75-basis-point July Rate Hike, May Support Bigger Move
By Ann Saphir (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he supports another 75-basis-point interest rate increase at…
Average long-term US mortgage rates bounce back up to 5.51%
WASHINGTON (AP) — Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows…
Zara Founder Ortega In Talks To Buy $500-million New York Skyscraper
MADRID (Reuters) – Spanish billionaire and Zara founder Amancio Ortega is in talks to buy a 64-floor skyscraper in New…
Lower-cost U.S. Cities Drove Pandemic Wage Gains, ADP Study Shows
By Howard Schneider WASHINGTON (Reuters) – Big wage gains for lower-paid U.S. workers, a hallmark of the pandemic economy, were…
US weekly jobless claims at highest point in nearly 8 months
WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week hit its highest level in nearly 8…
JPMorgan 2Q profit drops; CEO warns of economic challenges
NEW YORK (AP) — Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to…
Wholesale inflation in June surged 11.3% from a year ago
WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful…
Twitter Down For Thousands Of Users Globally
(Reuters) -Twitter Inc was down for thousands of users across the globe on Thursday, its first such outage since February,…
Morgan Stanley Posts Lower Quarterly Profit As Dealmaking Stalls
(Reuters) -Morgan Stanley on Thursday reported a drop in second-quarter profit, as dealmaking slumped amid soaring market volatility and dented…