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Personal Finance Daily: ‘Home buyers have adjusted’ to new normal of near-7% mortgage rates and more newlyweds are asking for this specific gift

Thursday's top personal finance stories.

: The Supreme Court knocked down affirmative action in colleges — and companies could feel the effects too

College admission can often be the "entry ticket to top jobs," said dissenting Justice Sonia Sotomayor.

: Biden says he opposes expanding Supreme Court even after he criticizes affirmative-action ruling

President Joe Biden on Thursday indicates he remains opposed to expanding the Supreme Court, even as he criticizes the court’s affirmative-action ruling.

Economic Report: Bank borrowing from the Fed climbs for eighth week in a row. Some banks are still under strain.

The amount of money that banks are borrowing from the Fed crept up for the eighth week in a row, underscoring ongoing strains in the financial system.

Distributed Ledger: Why AI could lead a lot more people to pay with bitcoin

The latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.

Earnings Results: Nike profit misses expectations, as ‘higher markdowns’ endure amid weaker demand

Nike reported fourth-quarter profit that came up short of Wall Street's expectations, with price cuts weighing on results.

: ‘Pokemon Go’ maker Niantic to lay off 230 workers

CEO John Hanke said that Niantic had allowed expenses to grow faster than revenue.

Project Syndicate: A global recession is coming, Nouriel Roubini says. Stock and bond investors should get ready.

A short and shallow contraction over the next year has become much more likely.

Project Syndicate: Why U.S. taxes must increase

Higher taxes rather than lower public spending can put U.S. debt on a safer, more sustainable path

In One Chart: Apple Vision Pro: How early adoption could stack up against the iPhone, Apple Watch and iPod

Analysts predict that Apple could amass an installed base of 20 million users of the Vision Pro and related devices five years out from the product's launch.

: LGBTQ+ people still face discrimination and economic inequality. These policies could help.

Passing the Equality Act and stemming the tide of anti-LGBTQ+ legislation could help LGBTQ+ people "excel in the economic sphere," advocates say.

: Supreme Court’s college-admissions decision could undermine race-based scholarships and financial aid

Though the court's opinion didn’t weigh-in directly on financial aid, the legal battle over race and education is likely to impact those efforts.
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