U.S. stocks post small losses Friday following a strong jobs report, after the three main benchmarks all ended a holiday-shortened session on Wednesday at simultaneous records for the first time in 17 months. See full story.
It’s ‘hallucinatory’ to expect a half-point Fed rate cut now — but economists still expect a quarter-point reduction
The solid June jobs report removes any chance the Federal Reserve will cut interest rates by a half-point, economists said Friday. See full story.
Biden knocks AOC, other ‘way left’ Democrats | Fireworks donor has success with tariffs lobbying
Joe Biden is sounding moderate in a new CNN interview. Meanwhile, Trump’s Fourth of July celebration featured $750,000 of donated fireworks from an Ohio retailer who has lobbied successfully against expanded tariffs. See full story.
There’s a huge gap between what home buyers want and what’s for sale
There needs to be 94,000 homes priced between $100,000 and $340,000 to achieve equilibrium in the property market, according to a new study. See full story.
A growing population no longer has any economic benefit
Automation has turned conventional economic wisdom on its head: there is greater prosperity in fewer numbers, writes Adair Turner. See full story.
Protect yourself from fraud by not sharing your credit card — even with friends and family. See full story.