Articles

: The cost of building a new home is rising at an ‘unprecedented rate,’ Bank of America says

The median sale price for a new house in the U.S. hit $457,800 in 2022, according to a Bank of America report.

In One Chart: Wait for T-bills to cheapen as Treasury keeps up issuance deluge, says BofA Global

'Our core message to front end investors: be patient in the face of elevated supply,' says BofA Global rates strategists.

The Ratings Game: A Microsoft in the making? Oracle’s cloud momentum is giving one analyst flashbacks.

With its $330 billion-plus valuation, Oracle is hardly small. But might it be a "mini Microsoft?"

The Fed: Goolsbee says Fed has to ‘do more sniffing’ on inflation before raising rates again

The Chicago Fed chief said the vote to skip an increase in interest rates last week was a "close call" and he's not sure if he would support a hike in July.

Peter Morici: Biden is vulnerable in 2024, but Republicans offer too little in response

GOP presidential candidates are united against Biden -- but what are they for?

The Ratings Game: Amazon poised to ‘close the AI gap’ with rivals, says one of stock’s most bullish analysts

Amazon.com Inc. is perhaps in an interesting spot when it comes to artificial intelligence.

In One Chart: Economist who anticipated bank failures says U.S. recession may be just around the corner

An economist who delivered a prescient warning about the health of the U.S. banking system is now saying a long-awaited U.S. recession could finally arrive in the months ahead.

: Intel’s ‘manufacturing will begin to generate a margin,’ CFO says, stock drops

Intel said Wednesday it was providing more transparency into its manufacturing arm as the chip maker focuses on making its foundry business more competitive.

Key Words: AI could further an ‘erosion of the middle class’ unless Congress takes action, Schumer says

Senate Majority Leader Chuck Schumer argued Wednesday that Congress must play a unique role in reining in AI technology.

: Home buyers now need $117,100 in annual income to afford a median-priced home, Harvard report says

More than two million would-be home buyers have been pushed out of the market because of rising home prices and mortgage rates, according to a new report. 

Futures Movers: Oil pushes higher as Fed’s Powell testifies

Oil futures gain ground as Federal Reserve Chair Jerome Powell testifies before the House.

: Amazon Prime Day event is set for July 11-12 and will focus on small-business offerings

Amazon Prime Day announcement weighs against news FTC is charging company with 'duping' customers into enrolling in Prime.
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