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nyt_business
NYT > Business
@nyt_business@robot.villas · 2d ago
Big Questions for Warsh as New Era for the Fed Begins https://www.nytimes.com/2026/06/16/business/dealbook/warsh-fed-questions.html #Economy #FederalReserve #InterestRates
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 27, 2026
CounterPunch.org | Bursting the AI Bubble: the Fed Could End the “Who Could’ve Known” Defense by Dean Baker AI generated summary, Read the full article for complete information. Dean Baker argues that, like the 1990s tech bubble and the 2000s housing bubble, the emerging AI bubble will cause massive financial and economic damage, yet the responsible investment managers rarely face consequences because they hide behind the “who could have known?” defense—pointing to peers who made similarly reckless bets. He suggests that the Federal Reserve, with its sizable staff of economists, could help deflate the bubble by publicly assessing whether current stock market valuations are consistent with realistic GDP‑growth and profit projections; such an official judgment would force fund managers to justify their price targets rather than shrug them off as inevitable market folly. While this approach could curb speculative excesses, Baker doubts the new Fed chair will pursue it, fearing political considerations will outweigh the need for market discipline. Read more: https://www.counterpunch.org/2026/05/27/bursting-the-ai-bubble-the-fed-could-end-the-who-couldve-known-defense/ #Enron #FederalReserve #economics
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 22, 2026
US Top News and Analysis | Ross, TJX, and Walmart reveal how the real engine of the U.S. economy is doing AI generated summary, Read the full article for complete information. The article explains that the strong performance of off‑price retailers such as Ross Stores and TJX signals growing consumer frugality, even as shoppers across income levels are still spending. Ross Stores posted same‑store sales up 17 % and beat earnings expectations, while TJX reported 6 % comparable growth driven by higher basket size and more transactions. Walmart, however, warned that fuel purchases at its stations fell below ten gallons for the first time since 2022, reflecting pressure from high gasoline prices, though it maintains overall business strength. A recent consumer‑sentiment survey hit a record low, underscoring strain on lower‑income households, while premium brands like Deckers (Hoka, Ugg) still see healthy demand. The piece notes that upcoming earnings from other retailers—including Burlington, Capri Holdings, Abercrombie & Fitch, American Eagle, Gap, Kohl’s, and Costco—could reveal how different income cohorts are reacting to high fuel costs and broader economic conditions, which may influence the Federal Reserve’s interest‑rate decisions. Read more: https://www.cnbc.com/2026/05/22/ross-tjx-and-walmart-reveal-how-the-real-engine-of-the-us-economy-is-doing.html #Ross #TJX #Walmart #FederalReserve #KevinWarsh
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 22, 2026
US Top News and Analysis | Surge in 'risk-free' treasury yields sends bond investors in search of better opportunities AI generated summary, Read the full article for complete information. The recent surge in long‑dated U.S. Treasury yields— with the 10‑year hitting its highest level in more than a year and the 30‑year reaching a post‑2007 peak— is being driven by renewed inflation fears, geopolitical tension and expectations that the Federal Reserve, now led by new chairman Kevin Warsh, will keep rates higher for longer and may even raise them. This volatility has prompted analysts like JoAnne Bianco of BondBloxx to warn that Treasuries are no longer a “risk‑free” safe haven and to recommend investors shift to the intermediate part of the curve (5‑ to 7‑year notes) for steadier returns, while also seeking income opportunities in investment‑grade BBB corporate bonds— which historically offer a yield premium with low default risk— and high‑yield issuers that currently show strong earnings, tight spreads and solid credit fundamentals, suggesting defaults should remain well below long‑term averages. Read more: https://www.cnbc.com/2026/05/22/treasury-yields-bonds-investing-fed-rate-hikes.html #KevinWarsh #FederalReserve #HSBC #JoAnneBianco #USTreasury
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 21, 2026
Times of India | US mortgage rates hit highest level in nearly nine months, borrowing costs rise for homebuyers AI generated summary, Read the full article for complete information. US mortgage rates rose this week to their highest level in nearly nine months, with the average 30‑year fixed rate climbing to 6.51% from 6.36% and the 15‑year rate increasing to 5.85% from 5.71%, although both remain below the levels seen a year ago. The uptick follows heightened volatility in energy markets after the Iran‑Hormuz conflict, which pushed crude prices higher and fed expectations of inflation, while also reflecting broader influences such as Federal Reserve policy, government debt concerns and a jump in the 10‑year Treasury yield to 4.6%. Higher long‑term borrowing costs are expected to raise monthly mortgage payments and curb home‑buyer affordability, contributing to a slowdown in housing activity; mortgage applications fell 2.3% to a five‑week low and more borrowers are turning to adjustable‑rate mortgages, now accounting for about 10% of applications. Despite the tighter credit environment, some markets are seeing modest relief from increased inventory and lower listing prices, particularly in parts of the South and Midwest, offering limited opportunities for buyers willing to act in the spring season. Read more: https://timesofindia.indiatimes.com/business/international-business/us-mortgage-rates-hit-highest-level-in-nearly-nine-months-borrowing-costs-rise-for-homebuyers/articleshow/131249806.cms #FreddieMac #FederalReserve #USTreasury
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 21, 2026
US Top News and Analysis | Treasury yields resume climb as traders monitor inflation risks AI generated summary, Read the full article for complete information. U.S. Treasury yields rose on Thursday as investors refocused on persistent inflation pressures, with the 10‑year note climbing to 4.60%, the 30‑year bond to 5.13% and the 2‑year note to 4.07%. The increase followed a sharp pull‑back the previous day after global bond yields hit multi‑decade highs, and came amid renewed concerns that a potential Iran‑related conflict could drive inflation higher, prompting many Federal Reserve officials to signal further rate hikes. Oil prices also edged higher, with West Texas Intermediate at $99.61 a barrel and Brent at $106.42, reflecting Middle‑East tensions that are weighing on energy markets. Traders await upcoming U.S. housing‑starts and building‑permits data for April, expected to show a modest slowdown in new construction. Read more: https://www.cnbc.com/2026/05/21/treasury-yields-resume-climb-as-traders-monitor-inflation-risks.html #FederalReserve #Brent #Treasury #MiddleEast #us
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 13, 2026
Times of India | Who is Kevin Warsh, the former banker set to lead US Federal Reserve? AI generated summary, Read the full article for complete information. Kevin Warsh, a longtime Republican economic adviser and former Federal Reserve governor, has been confirmed as the next chair of the U.S. Federal Reserve after a closely contested Senate vote (54‑45), succeeding Jerome Powell at President Donald Trump’s request. Warsh, who earned a reputation as an inflation hawk but has recently aligned with Trump’s view that AI‑driven productivity can sustain growth without reigniting inflation, will inherit a central bank facing persistent price pressures above its 2 % target and higher energy costs linked to the Iran conflict. Though he promises to keep the Fed independent despite political pressure, internal debate continues over whether rates should stay high to curb inflation or be cut to support the economy. Warsh’s resume includes investment banking at Morgan Stanley, service as an economic aide to President George W. Bush, the youngest Fed governor (2006‑2011), and current work at Stanford’s Hoover Institution; he is also noted for his ties to billionaire investor Stanley Druckenmiller and his marriage to Jane Lauder. Read more: https://timesofindia.indiatimes.com/business/international-business/who-is-kevin-warsh-the-former-banker-set-to-lead-us-federal-reserve/articleshow/131079482.cms #KevinWarsh #DonaldTrump #JeromePowell #JohnFetterman #GeorgeBush #BenBernanke #StanleyDruckenmiller #MorganStanley #FederalReserve #SpaceX # #GeorgeWBush
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
Sweden Herald - Latest Sweden News | Inflation and oil prices pressure Wall Street by Sweden Herald AI generated summary, Read the full article for complete information. High inflation and rising oil prices dragged on Wall Street on Tuesday, as U.S. consumer prices jumped to a 3.8 % annual rate in April—the highest level since May 2023—diminishing expectations of a Federal Reserve rate cut in June. Investors also took profits, especially in AI‑related tech stocks, pushing those shares lower, while North Sea crude surged 3.4 % to $107.70 a barrel amid an unresolved Iran conflict. The broader market reflected the pressure, with the S&P 500 slipping 0.2 % and the Nasdaq falling 0.7 %, even as the Dow Jones Industrial Average managed a modest 0.1 % gain. Read more: https://swedenherald.com/article/inflation-and-oil-prices-pressure-wall-street #WallStreet #NYSE #FederalReserve #SP500 #Nasdaq #DowJones #NorthSea #US #Iran #businessnews
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
US Top News and Analysis | Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows AI generated summary, Read the full article for complete information. Americans owe $1.25 trillion on credit cards—a quarter‑trimmed fall from the previous quarter but a 5.9 % rise from a year ago—according to a new Federal Reserve Bank of New York report. While overall household debt edged higher, mortgage, auto‑loan and home‑equity balances all increased, and the rise in credit‑card balances shows a “K‑shaped” split: higher‑income households keep spending, whereas lower‑income families face tighter budgets, higher delinquency rates and are forced to cut back on gasoline as prices hover around $4.50 per gallon. Subprime borrowers drive most of the recent uptick in delinquencies, and more than half of consumers (53 %) now carry credit‑card balances for essential costs, with 57 % expecting it will take six months or longer to repay their debt. Read more: https://www.cnbc.com/2026/05/12/new-york-fed-credit-card-debt-stands-at-1point25-trillion.html #KevinHassett #ChristianFloro #FoxBusiness #NewYorkFed #FederalReserve #Achieve #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
US Top News and Analysis | Consumer prices rose 3.8% annually in April, the highest since May 2023 AI generated summary, Read the full article for complete information. Consumer prices rose 3.8% year‑over‑year in April—the highest rate since May 2023—after the consumer price index posted a 0.6% monthly gain, with core CPI up 0.4% and core inflation at 2.8%; the surge was driven chiefly by energy prices, which jumped 3.8% (gasoline up 28.4% annually), and also by food (up 0.5%), shelter, apparel, airline fares and household furnishings, while real average hourly wages slipped 0.5% for the month and 0.3% annually, prompting negative stock‑market futures, higher Treasury yields and an increase in market odds of a Federal Reserve rate hike by year‑end to about 30% as the Fed holds rates amid internal dissent. Read more: https://www.cnbc.com/2026/05/12/cpi-inflation-april-2026-.html #FederalReserve #CMEGroup #DowJones
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 03, 2026
US Top News and Analysis | JPMorgan's Jamie Dimon issued vague credit recession warning, but the bond market has more pressing issues AI generated summary, Read the full article for complete information. JPMorgan CEO Jamie Dimon warned that, after a long stretch without a credit recession, any future downturn could be “worse than people think,” underscoring growing concerns about the bond market’s outlook. The focus now shifts to the upcoming change in Federal Reserve leadership, with Kevin Warsh tipped as the next Fed chair; analysts say a new chair could quickly alter expectations for rates, inflation policy and the timing of cuts, prompting volatility in treasury yields, duration risk and credit spreads even before equities react. While the Fed kept its policy rate steady at 3.5‑3.75 % amid higher oil prices and persistent inflation above the 2 % target, investors remain wary of a potential “credit crisis,” especially given historically tight credit spreads, elevated 10‑year yields above 4 %, and the risk that long‑dated bond positions could suffer if rate cuts are delayed or don’t materialize. Read more: https://www.cnbc.com/2026/05/02/kevin-warsh-federal-reserve-interest-rates-bonds-fixed-income.html #JamieDimon #JPMorgan #FederalReserve #KevinWarsh #JeromePowell #Nardini
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 03, 2026
BBC News | Voters will judge Trump on the economy - how is it doing? AI generated summary, Read the full article for complete information. Voters are likely to judge Donald Trump’s prospects in the upcoming November mid‑terms largely on the state of the U.S. economy, which has shown mixed signals in the first quarter of 2026. Despite the Iran‑related war driving a sharp rise in oil prices, spiking fuel costs to about $4.30 a gallon and pushing March inflation up to a near‑two‑year high of 3.3%, the economy grew at an annualised 2 % rate, helped primarily by heavy investment from tech firms in artificial‑intelligence initiatives, while consumer spending still rose 1.6 % annually. The Federal Reserve kept its policy rate steady at 3.5 %‑3.75 %, delaying any anticipated interest‑rate cuts, and mortgage rates climbed to around 6.3 %. Nevertheless, stock markets have rebounded, with the Nasdaq up roughly 10 % and the S‑P 500 and Dow gaining about 5 % and 1 % respectively since the conflict began, offering some relief to investors and pension holders. As the war’s outcome and the reopening of the Strait of Hormuz remain uncertain, the cost‑of‑living pressures may prove decisive for Trump’s party despite the headline‑positive GDP and market data. Read more: https://www.bbc.com/news/articles/cgepyv20vrpo?at_medium=RSS&at_campaign=rss #PresidentTrump #Iran #FederalReserve #Nasdaq #DonaldTrump
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 01, 2026
US Top News and Analysis | In the U.S., CEO pay grew 20 times faster than workers' wages in 2025, says Oxfam AI generated summary, Read the full article for complete information. A new Oxfam and International Trade Union Confederation report shows that U.S. CEO compensation rose dramatically in the past year—over 25 %—while average hourly wages for private‑sector workers grew only about 1.3 % after inflation, leaving CEOs earning roughly 281 times more than a typical employee. The widening gap coincides with a broader affordability crisis: 65 % of consumers say price hikes outpace their incomes, inflation has climbed to 3.3 % in March, and roughly three‑quarters of Americans report tighter finances, with many cutting discretionary spending, dipping into savings, or taking extra jobs. The report links this disparity to systemic inequality and calls for stronger labor policies, such as raising the federal minimum wage and taxing the ultra‑wealthy; a proposed “Living Wage for All” bill would lift the minimum wage for large employers to $25 by 2031 and for smaller ones to $25 by 2038. Read more: https://www.cnbc.com/2026/04/30/us-ceo-pay-grew-20-times-faster-than-workers-wages-in-2025-oxfam.html #Oxfam #TradeUnion #FederalReserve #LaborStatistics #PatriciaStottlemyer
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
PBS NewsHour - The Latest | Weekly U.S. jobless claims fall to 189,000, lowest in more than five decades by Matt Ott, Associated Press AI generated summary, Read the full article for complete information. In the week ending April 25, U.S. jobless‑benefit applications dropped by 26,000 to 189,000— the fewest new claims since September 1969 and the lowest level in more than five decades—defying analysts’ expectations of about 214,000. The Labor Department said the four‑week moving average fell to 207,500, while total weekly filers slipped to 1.79 million. Despite this positive signal, the labor market remains strained: core inflation surged, driven in part by higher gas prices as the Iran‑U.S. conflict pushes crude to around $104 a barrel; the Federal Reserve kept rates steady amid Middle‑East uncertainty, and employers added fewer than 200,000 jobs last year after a sharp slowdown following pandemic‑era expansions. Economists warn that elevated energy and material costs, together with AI‑driven hiring caution and lingering tariff impacts, could later revive layoffs even as the unemployment rate stays near historic lows. Read more: https://www.pbs.org/newshour/economy/weekly-u-s-jobless-claims-fall-to-189000-lowest-in-more-than-five-decades #FederalReserve #MorganStanley #jobs #layoffs #unemployment
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
Home - CBSNews.com | 3 mortgage rate questions borrowers should ask after the Fed rate pause AI generated summary, Read the full article for complete information. Homebuyers and existing mortgage holders face lingering uncertainty after the Federal Reserve’s decision to keep the federal funds rate steady at 3.50‑3.75%, marking its third pause of 2026. With borrowing costs unchanged and mortgage rates even ticking higher last week, borrowers should focus on three key questions: whether any rate relief might appear in May despite the Fed’s next meeting being in June, what strategies—such as buying discount points, considering adjustable‑rate or shorter‑term loans—might still secure a lower rate, and what the cost of waiting for a better rate could be in terms of missed purchase opportunities or lost refinancing savings. By closely monitoring market developments and weighing personal budget and timing needs, borrowers can make more informed decisions about purchasing or refinancing in a climate where significant rate relief is unlikely. Read more: https://www.cbsnews.com/news/mortgage-rate-questions-borrowers-fed-rate-pause/ #FederalReserve
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
Opinion Voices | Contributor: The inequality gap we should be talking about: marriage by Veronique de Rugy AI generated summary, Read the full article for complete information. The article argues that the “marriage gap” – the declining stability of two‑parent families – is the most consequential but overlooked inequality in the United States, profoundly affecting children’s education, earnings and social mobility. Research cited from the American Enterprise Institute shows that in the mid‑20th century only 5 % of children were born out of wedlock, compared with 40 % today, and that U.S. children are far more likely than those in other nations to live with a single parent. Millennials raised in intact families are far more likely to graduate college (40 % vs. 17 %) and attain middle‑class incomes (77 % vs. 57 %) than those from non‑intact homes, and they face lower incarceration risks. The decline in marriage has been steepest among the least‑educated, with marriage rates falling about 46 percentage points for low‑educated women versus 17 points for the highly educated. The piece also highlights that federal welfare programs effectively penalize marriage – for example, a couple each earning $30,000 loses roughly $5,000 in Earned Income Tax Credit and faces phase‑outs of Medicaid, housing vouchers and SNAP when they marry – discouraging family formation and reinforcing single‑parent disadvantage. The author concludes that removing these marriage penalties, or redesigning the safety net, may be essential to improving economic mobility and reducing inequality. Read more: https://www.latimes.com/opinion/story/2026-04-30/inequality-marriage-gap #FederalReserve #Snap #Medicaid
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
Sweden Herald - Latest Sweden News | US growth lower than expected, inflation rising by Sweden Herald AI generated summary, Read the full article for complete information. The U.S. Commerce Department reported that the economy expanded by 2.0 % in the first quarter, a figure modestly below the 2.3 % forecast, while personal consumption expenditures (PCE) inflation rose to 3.2 % in March from 3.0 % in February, matching expectations; meanwhile, the Federal Reserve left its key interest rate unchanged, a decision markets interpreted as hawkish. Read more: https://swedenherald.com/article/us-growth-lower-than-expected-inflation-rising #FederalReserve
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
US Top News and Analysis | Savings rates drop even without Fed cuts. Here’s where you can still earn 4% on your cash AI generated summary, Read the full article for complete information. Savings rates are slipping even though the Federal Reserve kept its benchmark rate steady at 3.5%‑3.75% in its latest meeting, prompting several major banks—Capital One, Synchrony, Marcus by Goldman Sachs and Ally—to cut the APYs on their high‑yield savings accounts. Meanwhile, Bread Financial and LendingClub are still offering around 4% but are expected to trim rates soon, as they sit well above the peer median. Online banks continue to outpace traditional institutions, with 12‑month CDs from Marcus yielding 4% and shorter‑term CDs from Bread Financial and LendingClub offering 4.15%; longer‑term CDs from American Express and Sallie Mae reach 4% as well. Building a CD ladder across varying maturities can provide flexibility and higher yields, while money‑market funds remain just under 4% (the Crane 100’s 7‑day yield was 3.47% on Tuesday). Read more: https://www.cnbc.com/2026/04/29/savings-rates-drop-even-without-fed-cuts-heres-where-you-can-still-earn-4percent-on-your-cash.html #FederalReserve #VincentCaintic #CapitalOne #Synchrony #GoldmanSachs #AllyFinancial #BTIG #BreadFinancial #LendingClub #AmericanExpress #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 29, 2026
US Top News and Analysis | Mortgage rates are rising again, but homebuyers are trickling back AI generated summary, Read the full article for complete information. Mortgage rates rose again last week, pushing the average contract interest rate for 30‑year fixed‑rate mortgages with conforming loan balances to 6.37% (up from 6.35%) while keeping points steady at 0.61 for loans with a 20% down payment. Total mortgage applications fell 1.6% week‑over‑week, but purchase‑loan applications increased 1% and were 21% higher than a year ago, indicating homebuyers are returning to the market as inventory improves. Refinance demand, highly sensitive to rate changes, dropped 4% for the week but remains 51% higher than the same week last year. Economists note that despite geopolitical uncertainties, buyers are moving forward this spring, and markets are awaiting Federal Reserve Chair Jerome Powell’s upcoming remarks, which could further influence mortgage rates. Read more: https://www.cnbc.com/2026/04/29/mortgage-rates-are-rising-again-but-homebuyers-are-trickling-back.html #MikeFratantoni #MortgageBankers #FederalReserve #CNBC #PropertyPlay #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 29, 2026
US Top News and Analysis | Asia-Pacific markets open mixed after OPEC shock, tech jitters drag Wall Street lower AI generated summary, Read the full article for complete information. Asian‑Pacific markets were mixed on Wednesday after U.S. stocks fell overnight, weighed down by an OPEC‑related shock and a report that OpenAI’s revenue and user‑growth fell short of its own targets, prompting CFO Sarah Friar’s warning that the AI firm might struggle to pay its computing contracts. The United Arab Emirates’ slated exit from OPEC on May 1 added to oil‑market uncertainty. South Korea’s Kospi slipped 0.39% (Kosdaq flat), Australia’s S&P/ASX 200 fell 0.28%, Hong Kong’s Hang Seng rose 1.2% while China’s CSI 300 dropped 0.26%; Japan was closed for a holiday. U.S. futures ticked modestly higher, but the S&P 500, Nasdaq Composite, and Dow Jones all ended lower (‑0.49%, ‑0.9%, and ‑0.05% respectively) as investors await earnings from several “Magnificent Seven” stocks and the possible final policy meeting of Fed Chair Jerome Powell. Read more: https://www.cnbc.com/2026/04/29/asia-markets-nikkei-225-kospi-hang-seng-index.html #UAE #OPEC #WallStreet #OpenAI #FederalReserve #SarahFriar #JeromePowell
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