US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024. Chris Kleponis | AFP | Getty ImagesThis week's Federal Reserve meeting is not much about the...
Category: Finance
Climate change is gentrifying neighborhoods. In Miami, residents fear high prices โ and a lost soul
A development towers over the Lyric Theater in Miami's Overtown neighborhood.Greg IacurciMIAMI โ Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami.In its heyday, the theater, in the city's Overtown neighborhood, was an important cultural...
Bill Ackman’s IPO of Pershing Square closed-end fund is postponed, NYSE says
Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the New York Stock Exchange's website.The initial public offering of Pershing Square USA Ltd., with the...
Job seekers are sour on the cooling labor market
Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market.Job seeker confidence in Q2 2024 fell to its lowest level in more than two years, according to a quarterly survey by ZipRecruiter, which has tracked the metric since Q1 2022. That decline suggests workers...
Fed Governor Waller sees central bank ‘getting closer’ to an interest rate cut
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment."I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to...