Markets Insider

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

Fortune

Warren Rotax, 67, stacks a freshly milled board of tongue and groove pine June 19, 2024 at Clifford Lumber in Hinesburg, Vermont. Clifford Lumber was established in 1929 by Harold Clifford and is now run by his grandson, Lynn Gardner, and his son, Peter Gardner. (Photo by Robert Nickelsberg/Getty Images)

Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’

US stocks tested record highs on Friday after the June jobs report sent bond yields tumbling. The US economy added 206,000 jobs in June, but the unemployment rate ticked higher to 4.1%. The higher unemployment rate raised hopes for imminent interest rate cuts from the Federal Reserve. US stocks tested...

Stock market today: Indexes test record highs as dovish jobs report sends bond yields lower

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interest rates steady, even after the ECB's rate cuts.

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

GOBankingRates

The housing market remains difficult for many Americans, both the buyers and the sellers. Inflation soaring rates, low inventory and home prices that continue to rise all are making the dream of...

3 Housing Markets That Will Rise in Value Before the End of 2024

The Hill

The U.S. economy added 206,000 jobs in June and the unemployment rate rose slightly to 4.1 percent, according to Labor Department data released Friday.  The latest jobs numbers are are largely in line with expectations that the economy would add 190,000 jobs and maintain a jobless rate of 4 percent.  The report follows blockbuster May…

US economy adds 206K jobs in June

Wednesday features a one-two punch of news that starts in the morning with the pivotal consumer price index reading for May, and ends with the Fed's policy meeting in the afternoon. Economists expect CPI to show just a 0.1% increase from April, though that still would equate to an aggregate...

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

Texas State

Homes in key metros in states like Florida and Texas are already seeing "major price cuts," Redfin's CEO said.

Home prices will go down this summer as sellers can't postpone listing any longer, Redfin CEO says

CBS Boston

The U.S. jobs market cooled in June but remains solid, raising the odds that the Federal Reserve will be able to curtail inflation without pushing the economy into a downward spiral.Nonfarm payrolls rose by 206,000 jobs last month, in line with analyst forecasts, and unemployment edged up to a still-low 4.1% from 3.4% in early 2023 — its lowest in decades, according to the Labor Department's Bureau of Labor Statistics data.Numbers for the prior two months were downwardly revised, with May now showing 218,000 additional jobs instead of the previously reported 272,000 increase. April's count was also revised lower, to 108,000 from 165,000. Average...

Hiring in the U.S. slowed in June, raising hopes for interest rate cuts

Reuters

NEW YORK (Reuters) - A measure of the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since January on Monday, New York Federal Reserve data released on Tuesday showed.

US overnight funding rate hits highest since January

Nestlé's CEO, Mark Schneider, tells CNBC's Silvia Amaro that the group's new line of meals intended for those on GLP-1 medication is a companion range, insisting Nestlé is "not the drug manufacturer."

Nestlé reveals new food line for those on weight-loss medication

Abigail Disney, an heiress to the Disney family fortune, plans to withhold donations to Democrats until Joe Biden drops out. Biden has said he has no plans to withdraw from the race. Gideon Stein said he's decided to pause planned donations of $3.5 million. President Joe Biden is facing an...

Disney heiress, wealthy Democratic donors say they won't finance the party until Joe Biden drops out

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Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope for Friday, July 5th

Total Apex Sports & Entertainment

We are often eager to share our success with our loved ones. Some are self-obsessed with their achievements while others allow people to share their experiences. Yet, some zodiac signs are naturally humble. You won’t hear them bragging about what they did to people in their circles or despising them.

5 Most Humble Zodiac Signs

Kentucky State

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Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Illinois State

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Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Michael Solomonov and Steven Cook, Co-Owners of CookNSolo Restaurants, discuss the hiring landscape within the leisure and hospitality industry ahead of the June jobs report.

These are the hiring trends what restaurant group is seeing across the industry

Missouri State

CJ Coombs

According to Shakey's website, this pizza parlor is only in California, North Carolina, and Washington state in the U.S. now. This was my family's go-to pizza joint when my father was stationed with the Air Force outside of Omaha, Nebraska. We liked it so much, that when we were transferred again, it was hopeful we'd find another one.

Shakey's Pizza Parlor and nostalgia: the first franchised pizza restaurant also landed in Missouri

Business Insider

These are today's mortgage and refinance rates. The latest inflation data suggests that we could get a Fed cut soon, which is good news for mortgage rates.

Mortgage Interest Rate Today, June 30, 2024 | Rates Should Trend Down Further This Year

CNBC's Eunice Yoon shared the hidden challenges awaiting international travelers to China - including tickets to travel hotspots, taxis, and paying with cash.

Sherwood Lumber COO on why lumber is priced at record lows

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