JPMorgan signals that consumers are showing signs of spending more slowly as the bank remains cautious about a slowdown
Market Extra: Why markets are misjudging the Fed’s ability to raise rates even though inflation is slowing
It’s not solely inflation data driving the Fed’s decisions, but the strength of the labor market and overall performance of the U.S. economy, policy maker says.
The Moneyist: ‘I like Warren Buffett’s approach — keep investing and just believe in America’: I’m about to retire. How do I invest a $400K windfall?
“The economy could slip into a prolonged recession, and cash doesn’t look to dumb to have, especially with a 5% return.”
: Only a tenth of mortgages have an interest rate above 6% — that’s a big problem for the U.S. housing market
‘The bottom line is that homeowners across America do not have any incentive to move,’ Apollo chief economist says.
: Blockchain ETFs are having a great year
Also: Banks kick off earnings season, how to invest as inflation cools and a look at “Barbie” and disruption in the entertainment industry.
Fix My Portfolio: I’m 68 and want to eventually convert my whole 401(k) to Roth. Will I have to wait five years to touch it?
The five-year rules for Roth accounts can make some tricky accounting for conversions.
: UnitedHealth’s shares on track for biggest gain in over two years after earnings beat expectations
Managed-care stocks get boost after insurance giant raises full-year outlook, despite more older adults scheduling surgeries
: Here’s how many Diet Cokes you’d have to drink daily to get too much aspartame
Aspartame may cause cancer, but most people don’t consume enough for it to matter, the World Health Organization says.
Washington Watch: A ‘wild outcome’: How the Ripple decision scrambles the battle between SEC and crypto industry
Securities-law experts warn that the legal and political implications of the decision are difficult to predict.
Futures Movers: Oil prices fall, but stay on track for longest streak of weekly gains since April
Oil prices head lower on Friday, but look to post their longest consecutive streak of weekly gains since April as production cuts and a weaker U.S. dollar have pushed prices higher.
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