News

Will lower mortgage rates save California’s housing market?
A May buyer’s estimated house payment of $4,700 is off 3% in a year. Still, that burden has tripled in 10 years.
'We've Got To Get Our Act Together,' Warns JPMorgan CEO — Mismanagement, Not China, Is America's Real Threat
"America First is fine, as long as it doesn't end up being America alone," Dimon wrote in his April shareholder letter, ...
Treasury Sec. Bessent on potential to serve as next Federal Reserve chair
U.S Treasury Secretary Scott Bessent joins 'Squawk on the Street' for a sweeping interview on President Trump's budget bill, ...
Dollar Advances After Stronger Than Expected US Jobs Data
The rise in the dollar following the data was accompanied by an increase in U.S. Treasury yields. The 2-year note yield, ...
CA lost 80K jobs in 2024, 'no job creation' in fourth quarter
The state-funded Legislative Analyst’s Office found California had “no job creation” in the fourth quarter of 2024, citing ...
Powell says Fed can wait to reduce interest rates as Trump demands cuts
Trump is urging the Fed to cut rates to save the U.S. government money on its interest payments affixed to the vast national ...
Wall Street Forecasts Windfall for Big US Banks From Fed Plan to Ease Leverage Rule
Shares of JPMorgan Chase advanced 1.3%, Morgan Stanley 1.2% and Goldman Sachs 1.6%, while Bank of America added 1% and ...
Federal Reserve’s Bowman says rate cut should be on table in July
WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep ...