Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that...

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

Reuters

(Reuters) -Gains in banking stocks and airlines lifted European shares on Tuesday, though trading remained cautious ahead of key economic data later this week. The travel and leisure and banking sectors were the top gainers for the day, rising 0.7% and 0.9% respectively. The pan-European STOXX 600 index edged 0.2% higher to 518.88 points.

Travel, banking stocks lift European shares with data in focus

Markets Insider

Analysts from Goldman Sachs say the US is on its way to a soft landing, with  recent volatility fueled more by positioning than a looming recession.

Don't get spooked by recession fears. The US is well on its way to a soft landing, Goldman Sachs says

The Independent

UK inflation rose to 2.2 per cent in July, marking the first increase this year and increasing the chances the Bank of England keep interest rates at the same level when they meet next month.The Consumer Prices Index (CPI) inflation rose from 2 per cent in June, but undershot economists’ expectations who had forecast it rising to 2.3 per cent.However, despite the smaller than anticipated inflation increase, it is still above the Bank’s target of 2 per cent and casts doubt on back-to-back interest rate cuts at September’s meeting.CPI services price inflation, which is closely monitored by the Bank, fell...

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

The dollar's dominance in financial markets has slipped, with the greenback accounting for less than 60% of global reserves in 2024, per IMF data.

The 4 forces that will challenge the dominance of the dollar, according to economic researchers

CBS New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

For a 30-year fixed-rate mortgage, the average rate you’ll pay is 6.57% today, up 0.02% over the last week. The average rate for a 15-year fixed mortgage is 5.99%, which is a decrease of -0.01% from the same time last week. For a look at mortgage rate movement, see the chart below.

Good News for Mortgage Rates as Inflation Falls Below 3%. Today’s Mortgage Rates, Aug. 14, 2024

POLITICO

Fissures are forming in the economy just as the Fed’s long-running fight against inflation looks to be nearing its conclusion.

Inflation is easing. Now, Harris has an even bigger problem with the economy.

As mortgage rates fall, refinancing applications soared 34.5% last week to the highest level in over two years, according to the MBA.

Borrowers are rushing to refinance their mortgages as rates tumble to the lowest level in over a year

North Carolina State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Chapel Hill, NC

Town Talks

A solid education is crucial, often leading to better job opportunities and higher salaries. While educated individuals can be found across the country, some regions have a particularly high concentration of educated residents.

These 2 North Carolina Cities Are The Most Educated In America

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Aug 27 (Reuters) - Canadian wholesale trade most likely fell 1.1% in July from June, largely driven by lower sales in the motor vehicle and motor vehicle parts and accessories, and the personal and household goods subsectors, Statistics Canada said in a flash estimate on Tuesday.

Canada July wholesale trade most likely down 1.1% - Statscan flash estimate

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  The mortgage market has been on a wild ride over the last several years. It all started when rates plummeted to historic lows in 2020 and 2021, with 30-year mortgage rates dipping below 3%. As the economy rebounded and inflation surged in the two years following, things changed drastically. The Federal Reserve embarked on an aggressive rate-hiking campaign, which drove up mortgage rates significantly and made it tough to borrow at an affordable rate.With the Fed rate remaining locked...

What will mortgage interest rates look like this September?

Lauren Saidel-Baker, economist at ITR Economics, discusses Powell's comments at Jackson Hole and U.S. market expectations.

A 25-basis-point cut by the U.S. Fed is 'all but cemented for September,' economist says

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

24/7 Wall St.

The tech stock selloff in July surprised the market but not those investors who were paying attention. As far back as April, Goldman Sachs (NYSE:GS) warned of the coming decline. Its analysts said sector rotation could hurt the market and told investors to look outside of technology stocks for new investment ideas. It was a […]
The post Goldman Sachs Predicts a Double-Digit Rally for These 2 Growth Stocks appeared first on 24/7 Wall St..

Goldman Sachs Predicts a Double-Digit Rally for These 2 Growth Stocks

Total Apex Sports & Entertainment

Mercury Direct will provide three zodiac signs with abundance and fortune on August 28. It will help them get back on track and remove their obstacles. The astrological transit will put things for the signs. What’s holding you back from exploiting your potential?

3 Zodiac Signs Whose Fortune Era Will Start | August 28, 2024

 The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren't cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices very much without losing business. “While inflation is down, prices are still high, and...

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

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

Aurora, CO

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

What exactly happened at a large gathering of migrants in Aurora last Sunday depends on who you talk to. And a showdown is imminent between City Council member Danielle Jurinsky and the Aurora Police Department, according to Jurinsky.

Migrant mayhem in Aurora? Showdown imminent between PD, council member Jurinsky

NewsBreak

Euro declines ahead of German inflation, US GDP

The euro is sharply lower on Wednesday. In the European session, EUR/USD is trading at 1.1116 at the time of writing, down 0.60% on the day....

Euro declines ahead of German inflation, US GDP

Comments / 0