The Fed Will Cut Interest Rates At Least Twice in 2025, According to Wall Street. Here's What It Means for Stocks The soaring inflation from the pandemic is now in the rearview mirror, so the Federal Reserve is reversing its interest rate hikes from 2022 and 2023. Lower rates could boost consumer spending, which ... 12/6/2024 - 8:27 pm | View Link
Why Powell and the Fed should pause interest-rate cuts in December The conventional wisdom among economists and traders is that the Federal Reserve is going to cut its benchmark interest rate by another quarter of a percentage point on Dec. 18, and then pause at its ... 12/6/2024 - 6:57 am | View Link
Cleveland Fed's Hammack favors slower pace of rate cuts than she did in September Cleveland Fed President Beth Hammack favors taking a slow pace in adjusting the Federal Reserve's policy rate, she said Friday at the City Club of Cleveland, according to prepared text. The strength ... 12/6/2024 - 4:00 am | View Link
Hammack Says Fed ‘At or Near’ Point of Slowing Rate Cuts Federal Reserve Bank of Cleveland President Beth Hammack said policymakers are “at or near” the point where the central bank should slow the pace of interest-rate reductions, citing a strong economy ... 12/6/2024 - 4:00 am | View Link
Fed's Hammack says time to slow rate cuts may have arrived In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as ... 12/6/2024 - 3:04 am | View Link
More universities are starting to offer degrees in artificial intelligence. Thomas Barwick/Getty ImagesMore universities are offering degrees in artificial intelligence, so BI rounded them up. The AI major offerings have launched as Big Tech invests heavily in LLMs and AI products. Other institutes are offering graduate degrees in AI or degrees with AI specializations.
Li Muzi/Xinhua via Getty ImagesNYC legalized accessory dwelling units in certain neighborhoods as part of broader housing reforms. It's part of a bigger movement to boost ADU construction across the US. ADUs offer affordable housing options and boost property values for homeowners. New York City just became the latest local government to join a nationwide push for more backyard tiny homes and converted basements.
Andre Nader is the founder of the financial independence platform FAANG FIRE. Courtesy of Andre NaderFinancial independence writer Andre Nader built a seven-figure net worth before age 40. The former Meta employee shares his top money-related books, including 'The Simple Path to Wealth.'Another one of his favorites, 'Die With Zero,' helped him become more comfortable spending his money.
General Motors, which operates the Cruise robotaxi service, patented a system that allows autonomous vehicles to respond to "adversarial" pedestrians. Andrej Sokolow/picture alliance via Getty ImagesRobotaxis in large cities like San Francisco can be targets of vandalism. General Motors, which operates Cruise, has a patent that could address "adversarial" behavior.
Getty Images; Jenny Chang-Rodriguez/BIKelly is aware that she should have been more careful when she signed up for a weight-loss medication online. She knows she should have looked into the company selling it, but, as she puts it, "desperate times call for desperate measures." She had gastric-bypass surgery in 2011, and that worked for a while, but then she started to gain the weight back after the "food noise" returned.
A man plays board games with his son and his father. Maskot/Getty Images/MaskotMany Gen Xers are caring for both their children and parents, and it's hurting retirement savings.56% of Gen X investors were financially supporting either their parents or their kids, Nationwide found. The financial burden of supporting two groups has some Gen Xers doubting if they'll retire at all.