House Speaker McCarthy offered a somewhat upbeat assessment on the second round of debt-ceiling talks, and President Biden said he was optimistic afterwards.
Futures Movers: Oil prices move lower as traders weigh energy demand prospects
Oil moves lower on Tuesday after the International Energy Agency raises its forecast for growth in crude demand, but economic data from China is seen as “underwelming,” raising uncertainty over the demand outlook from the world’s largest energy consumer.
Economic Report: U.S. industrial output up 0.5% in April after two flat months
U.S. industrial output rose 0.5% in April. the Federal Reserve said Tuesday.
: The number of people who think it’s a good time to buy a home hits 45-year low. Here’s why.
Nearly 8 in 10 people say it’s a bad time to buy, a new Gallup poll finds.
Economic Report: Retail sales rebound in April, pointing to steady economy
Sales at U.S. retailers rebounded 0.4% in April largely because of strong demand for new autos and higher consumer spending online.
: SoFi CEO Noto remains an aggressive buyer of stock with new $500,000 purchase
SoFi CEO Anthony Noto continued scooping up his company’s shares during Monday’s selloff.
Banking: Private debt lender swoops in on Hudson Hotel redevelopment loan as commercial banks stall
Northwind Group steps in to fill need for senior debt in a project to build apartments inside the former Hudson Hotel on West 58th Street
Metals Stocks: Gold retreats as rally’s momentum wanes
Gold prices were trading lower again on Tuesday after eking out a modest gain a day earlier.
: Ex–German chancellor’s wife losing role after attending Russian embassy event
The wife of former German Chancellor Gerhard Schroeder has lost her role with a state-owned company after appearing with her husband at a party at the Russian embassy in Berlin, according to German press reports.
Mark Hulbert: Bond holders have more to fear from the Fed than the debt-ceiling standoff
The 10-year Treasury yield actually declined after U.S. government’s credit-rating downgrade in 2011.
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