Paul McCulley, former PIMCO chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss expectations for the upcoming Fed meeting, macro outlooks, and more.

The Fed is in a 'delicious place' to recalibrate the rate back to neutral, says Paul McCulley

New York Post

The Federal Reserve as expected kept decades-high interests rates unchanged on Wednesday — but Fed Chair Jerome Powell gave the strongest signal yet that a possible cut “could be on the table” for September.

Powell’s remarks at his press conference following the end of the Fed’s latest two-day policy meeting appeared as an affirmation of a coming pivot that was partly reflected in the central bank’s new policy statement.

“A reduction in the policy rate could be on the table as soon as the next meeting in September,” Powell said. “We’re getting closer to the point at which it’ll be appropriate to reduce our...

Federal Reserve keeps rates unchanged — hints at possible cut in September as inflation moderates

The Hill

Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chair Jerome Powell for holding interest rates steady earlier this week after Friday’s jobs report came in weaker than expected. “Fed Chair Powell made a serious mistake not cutting interest rates,” Warren said in a post on social platform X. “He’s been...

Warren hammers Powell over jobs report: ‘Cut rates now’

Markets Insider

UBS analysts advised investors to think interest rates and tech, not politics.

The 'Trump trade' is winding down, and the Fed's rate plans are back in focus

When Donald Trump first ran for president in 2016, Silicon Valley seemed to widely oppose his candidacy. Fast-forward to 2024, and elites in the region are publicly backing him in droves — but why? According to Mark Cuban, it’s all about cryptocurrency. Suggested Reading. “It’s a bitcoin play,”...

Mark Cuban says Silicon Valley is backing Trump because he would make their Bitcoin worth more

The average American believes they'll need to save $1.8 million for their post-work years, according to Charles Schwab's "2024 401(k) Participant Study." However, most Americans in their 50s have much less than that stashed away for retirement. The average 401(k) account balance for people in their 50s is $212,400, as...

Here’s how much money Americans in their 50s have in their 401(k)s

The Biden administration is again gearing up to try to forgive the student debt of tens of millions of Americans, after the Supreme Court struck down its first effort last year. Now, the president has directed the U.S. Department of Education to pursue the regulatory process. In the coming days,...

Check your email: U.S. government is sending notes to millions on upcoming student-loan forgiveness

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

This story is part of CNBC Make It's Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they've used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com. When Domonique Brown...

30-year-old’s side hustle makes $27,800 a month—it takes 2 hours a day and outearns her 9-to-5 job

CNBC brings you fast, accurate, and actionable business news and market updates.

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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

Alabama State

Living in major U.S. cities means higher housing costs and less space for your money. And when the covid-19 pandemic sparked the rise of remote work, it caused many workers to second-guess living in a major metropolis like New York and San Francisco. Though some companies continue to push in-office...

6 places across the U.S. that will pay you thousands of dollars to move there

Activist investor Bill Ackman’s fundraising for the initial public offering for a closed-end fund has gone from bad to worse this week. The famed hedge fund manager is hoping to use his newfound social media stardom to drum up investor interest in a new fund called Pershing Square USA, a closed-end fund he is taking public that, unlike his previous business ventures, regular retail investors would be able to invest in.

Bill Ackman's crisis of overconfidence

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Kamala Harris, the de facto Democratic presidential nominee, has been relatively quiet about how she would approach antitrust issues if she were to win the White House against Donald Trump. Wall Street dealmakers said they think of Harris as a clean slate on big business regulation and a prime opportunity...

Kamala Harris has a murky antitrust record. Wall Street sees an opportunity

President Joe Biden is making another move to forgive student debt for millions of borrowers. The Biden-Harris administration announced Wednesday that it will begin emailing borrowers on Thursday with information regarding its proposed rules to allow the Secretary of Education to forgive debt for certain federal student loan borrowers. The...

President Biden is moving forward with another student debt relief plan—you have until August 30 to opt out

Whenever billionaire philanthropist Melinda French Gates contemplates a tough decision, she seeks input from her three closest friends of more than 30 years. Every Monday morning, the four women go for a walk — a ritual that often serves as a site for deliberation, she told Oprah Winfrey and Gayle King in an episode of French Gates' "Moments That Make Us" YouTube series, which published last week.

Melinda French Gates' weekly walks with 3 close friends help her make difficult decisions: 'They are my truth counsel'

Ledger CEO Pascal Gauthier joins 'Squawk Box' to discuss the company's new line of crypto wallets, how the company's hardware wallet works, the future of crypto wallets, the politicization of crypto in the U.S., and more.

Ledger CEO on crypto hardware wallets: We designed a tool to protect your secrets

Houston, TX

Last week, Houston resident Elizabeth Francis, the oldest living person in the U.S., turned 115 years old. Francis officially became the oldest living American after Edie Ceccarelli died at the age of 116 in February. Francis was awarded a plaque earlier this year by LongeviQuest, an organization that tracks and compiles information about the world's oldest people.

The oldest living person in the U.S. just turned 115: 'Speak your mind and don’t hold your tongue,' she says

The Motley Fool

Buffett says investors can expect solid results from this top stock.

1 Low-Risk Stock That Should Outperform the S&P 500, According to Warren Buffett

NewsBreak

Fed's decision to leave rates unchanged was not a mistake, says PIMCO's Richard Clarida

Richard Clarida, PIMCO global economic advisor and former...

Fed's decision to leave rates unchanged was not a mistake, says PIMCO's Richard Clarida

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