The Guardian

Live coverage as investors wait for signs at Jackson Hole summit of how fast US central bank will cut interest rates starting in September

Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts – as it happened

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

The Commerce Department at 8:30 a.m. ET Friday will release its personal consumption expenditures price index. For the July reading, the Dow Jones consensus sees little change in recent trends — 0.2% monthly increases in both headline and core prices, and respective gains of 2.5% and 2.7% annually. The...

The Fed's preferred inflation indicator is out Friday. Here's what to expect

CBS News

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  Mortgage rates have been high over the last few years, but it appears that may be changing. With inflation cooling, mortgage rates finally dropped in August to 6.47%, the lowest rate across the prior 15 months. Federal Reserve Chair Jerome Powell also suggested last week that the central bank will cut rates in September, which would likely have an impact on mortgage rates. Although these anticipated interest rate cuts offer prospective buyers hope, there's no guarantee of how low rates...

How low could mortgage rates drop this September?

The 6th U.S. Circuit Court of Appeals said a lower court judge had discretion to let drivers sue in groups over Cadillac, Chevrolet and GMC vehicles equipped with 8L45 or 8L90 eight-speed automatic transmissions, and sold in the 2015 through 2019 model years. Drivers said the vehicles shudder and shake...

GM must face big class action over faulty transmissions

Lowe's will no longer participate in surveys for Human Rights Campaign, an advocacy group supporting transgender rights, and is also combining its various business resource groups that represent diverse employees into one umbrella organization, an internal memo obtained by Reuters on Monday showed. The company will not be sponsoring or...

Home improvement retailer Lowe's latest U.S. firm to end some diversity policies

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

Before he got married six years ago, Antonio, now 29, was responsible about managing debt. He used credit cards, but paid them off in full each month. After he and Emi, 32, got married, he bought her a $3,000 ring, which he says was the first purchase he knew he wouldn't be able to pay off right away, he told self-made millionaire and money expert Ramit Sethi on a recent episode of his "I Will Teach You to be Rich" podcast. Their last names were not used.

Couple paid off $77,000 in credit card debt with their emergency fund—it still didn't solve their money problems

Everette Taylor's least-favorite trait in an employee is simple: a lack of self-awareness. People without self-awareness tend to be "ego-driven" and less willing — or able — to work with other people, says Taylor, the CEO of crowdfunding platform Kickstarter. They're prone to "thinking inwardly about what they would want and what they think is best when it comes to customers," he tells CNBC Make It.

35-year-old CEO shares the No. 1 red flag he sees in employees: People who aren't self-aware 'really struggle with this'

Corn futures started falling out of the overnight gates on Sunday night and continued that trend through the rest of the day. Contracts were down 4 to 6 cents at the close. Monday afternoon’s Crop Progress report indicated 84% of the US corn crop was in the dough stage as of August 25, 1% above normal. There was 46% of the crop dented, with 11% dented, both respectively 4% and 5% ahead of the 5-year average pace. Crop ratings were down 2% to 65% in the good to excellent categories, which dropped the Brugler500 by 5 points to 363, the lowest it has been so far this growing season.

Corn Closes Weaker on Monday, Crop Ratings Fall

The cost of a college education — long touted as a requirement for a fulfilling, high-paying job — has soared over the last couple of decades, stoking skepticism among Gen Z about the true value of a four-year degree. As the youngest generation in the workforce debates the...

Meet the Gen Zers skipping college to take blue-collar jobs and launch trade businesses: ‘One of the smartest decisions I ever made’

Timothy Armoo is a 29-year-old millionaire who became rich by selling his influencer marketing firm for eight-figures, but the young, Black entrepreneur had to beat the odds to find success. Armoo, the co-founder and former CEO of Fanbytes, hails from what was one of the most impoverished areas in south...

This 29-year-old from one of London's poorest neighborhoods became a millionaire after selling his influencer marketing firm

A "September surge," or the idea that more job postings become available after Labor Day, is tied to the end of the summer slowdown as recruiters and hiring managers come back from vacation, career experts say. There is no data backing the theory, said Julia Pollak, chief economist at ZipRecruiter....

Here's what to consider if you're actively looking for a job this fall, experts say

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Houston, TX

In 2017, Leena Pettigrew was gifted her first houseplant — a golden Pothos, notoriously easy to care for — and killed it. Five years later, she tried again. She and her husband Marquise were redecorating their home in Houston, and they needed to fill its empty corners, she says. She drove to Lowes and bought a couple of succulents.

44-year-old's garage side hustle brings in $12,400 a month—it replaced her husband’s income

Reuters

ORLANDO, Florida (Reuters) -Jerome Powell's Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both days center on the Fed's new guiding light: the unemployment rate.

Unemployment rate is now Fed's undisputed lodestar: McGeever

NBC News

The Dow Jones Industrial Average climbed to a record Thursday, as Wall Street tried to resume its comeback from a steep sell-off earlier this month. The 30-stock index rose 243.63 points, or 0.59%, for a fresh record close of 41,335.05. Gains in Goldman Sachs, Intel and Visa helped lift the blue-chip average to a new high. The S&P 500 ended the session just below the flatline at 5,591.96. The Nasdaq Composite slid 0.23% to end at 17,516.43.

Dow stock index adds more than 200 points, closes at a record high

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Tuesday’s rapid-fire: Coca-Cola, Hershey, Cleveland Cliffs, Ferrari, BlackRock

Dollar General, Dollar Tree and Kroger have charged customers who ask for cash back in recent years. Their cash-back fees amount to more than $90 million a year, Consumer Financial Protection Bureau reports. Such fees may disadvantage those in banking deserts, where they don't have easy access to cash for...

Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds

Shujin Chen, China economist and head of China financial and property research at Jefferies, says that's because of their "much more stable" fundamentals and dividend per share.

Jefferies says it recommends the 'big four' Chinese banks this year

NewsBreak

Treasury yields mixed as investors await the Fed’s preferred inflation indicator

The U.S. 10-year Treasury was mixed on Friday as investors awaited key inflation data. The yield on the 10-year Treasury stood little changed at 3.865%, while...

Treasury yields mixed as investors await the Fed’s preferred inflation indicator

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