President Joe Biden is slated to deliver a speech Wednesday in Chicago about his economic priorities. Aides say it’s a cornerstone address about “Bidenomics.”
: Blame rising home prices for the Great Resignation, new research suggests
‘High house prices allowed many older Americans to retire early,’ researchers say.
Washington Watch: What next for Putin? That’s one of many unanswered questions after failed revolt.
What next for Putin? Here are some possible answers to the key questions left after the failed mutiny by his Wagner Group warlord Yevgeny Prigozhin.
: AMC stock snaps its longest losing streak in 18 months
AMC’s stock ended Monday’s session up 0.9%, snapping a seven-day losing streak.
The Tell: The stock market is headed for a big first-half gain. What history says that means for the rest of 2023.
Investors may have reason to be even more optimistic about the next six months, said Fundstrat Global Advisors’ founder Thomas Lee.
In One Chart: HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.
Home-equity lines of credit and second-lien mortgages are staging comebacks as homeowners to monetize the pandemic surge in home prices, BofA says.
The Ratings Game: Banks face yet another risk, this time from faster payments, Moody’s says
A forthcoming Fed initiative to speed payments could give consumers and businesses more flexibility but bring further risk for banks, according to Moody’s.
Earnings Outlook: Micron is ‘at the bottom of this deep downturn,’ but ‘China complicates the recovery plan’
Having plowed through the worst quarter in its history, Micron sets sights on a recovery, but inventory problems have given way to a China ban.
Key Words: Elizabeth Warren: ‘President Biden has the legal authority to cancel student-loan debt’
The Supreme Court is set to make a decision on whether the Biden administration’s plan to cancel student-loan debt is legal. One U.S. senator calls for urgency.
Commodities Corner: Russia’s Putin survives short-lived Wagner Group mutiny. Here’s what that means for oil.
The Wagner Group’s attempted coup over weekend in Russia casts some doubt over Russian President Vladimir Putin’s political power, and raises uncertainty surrounding the production outlook for the one of the world’s biggest oil producers.
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