While a U.S. default seems unlikely, strategists say there would be no ‘shelter’ for investors if Congress can’t reach a debt-ceiling agreement in a few months.
: Biden promises ‘sharper rules’ for UFOs, as one downed object may have come from hobby club
President Joe Biden’s remarks Thursday come after some Republican lawmakers called for him to talk directly to Americans about recently downed objects.
: Tesla recalls nearly 400,000 EVs, says self-driving software ‘may cause’ crashes
Tesla recalls 362,758 EVs as EV maker’s self-driving software ‘may cause’ crashes, Tesla stock turns lower.
Market Extra: Why traders suddenly see significant chance of a June interest rate hike by the Fed
The likelihood that the fed-funds rate target could reach 5.25% to 5.5%, or possibly higher, by June is seen at 58% as of Thursday.
Brett Arends’s ROI: Nikki Haley called Social Security ‘the heart of what’s causing government to grow’
Haley’s comment was made back when she was South Carolina’s governor-elect. The health and future of Social Security are still top concerns.
Key Words: Microsoft Bing’s chatbot professes love, says it can make people do ‘illegal, immoral or dangerous’ things
New York Times tech columnist Kevin Roose was ‘deeply unsettled, even frightened’ by his exchange with Sydney, a Microsoft chatbot
Crypto: Bitcoin briefly soars to $25,000, an 8-month high
A day after hitting $24,000, Bitcoin rose above $25,000 for the first time since June 2022.
: Coinbase stock downgraded after ‘furious rally’ that has seen stock gain 96% in the year to date
D.A. Davidson downgraded Coinbase Global’s stock Thursday, in the wake of a ‘furious rally’ that has sent shares up 96% since the start of the year.
Economic Report: Mortgage rates rise for 2nd consecutive week, pushing more potential home buyers onto the sidelines
The 30-year mortgage rate is averaging at 6.32%, Freddie Mac said in its latest weekly survey on Thursday.
: Americans’ credit-card balances just zoomed past prepandemic levels
Credit-card debt totaling $986 billion in the fourth quarter has surpassed the prepandemic high of $927 billion, New York Fed researchers said.