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Weekly mortgage refinance demand revives as interest rates fall to 7-week low
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Mester says Fed needs to see more low inflation readings before cutting interest rates
The president of the Cleveland Federal Reserve said the low inflation readings in May were great news, but the central bank needs to “see that continue a bit longer” before it can cut interest rates.MarketWatch - Business - Federal Reserve -
Buying a home? 4 big reasons to lock in a mortgage rate this week
If you're planning to buy a home, it could make sense to lock in your rate soon. Here's why.CBS News - Top stories -
‘I don’t want to squander this opportunity’: I sold my business for $130,000. Should I pay off my mortgage with a 7.3% interest rate?
“It may not seem like a lot of money to most people, but this is the first time in my life I am not living paycheck to paycheck.”MarketWatch - Business -
Consumer sentiment falls to 7-month low on worries over inflation and weaker incomes
An early reading of U.S. consumer sentiment in June fell to the lowest level in seven months, reflecting lingering worries about high inflation as well as slower growth in household incomes.MarketWatch - Business -
Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The BOJ said it will collect views from market participants on the reduction of Japanese government bond buying and present a detailed plan in the next meeting.CNBC - Business - Japan -
Interest rates may need to go higher if the Fed wants inflation at 2%
Easing too soon would likely reignite inflation and require the Fed to hike rates again.MarketWatch - Business - Federal Reserve -
Treasury yields see biggest two- and three-week declines since December as bonds keep rallying
Treasury yields finished lower for a fourth straight session on Friday, touching the lowest levels in more than two months, after softer-than-expected U.S. inflation readings for May boosted expectations for a Federal Reserve interest-rate cut as ...MarketWatch - Business -
USWNT falls to all-time low 5th in FIFA ranking
The United States women's national team dropped to fifth in the latest FIFA ranking, its lowest point since FIFA began ranking women's teams in 2003.ESPN - Sports -
Apple set to be first Big Tech group to face charges under EU digital law
Brussels to announce iPhone maker is failing to adhere to new rules designed to open up its app store to competitionFinancial Times - Business - Apple -
Even Apple cannot explain why we need AI in our lives
A souped-up Siri and personalised emojis are coming but the most important question remains unansweredFinancial Times - Business - Apple
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CEOs at Trump meeting: Ex-president ‘meandering’ and ‘doesn't know what he's talking about’
Trump offered scant details on how he would reduce taxes and cut back on business regulations, according to two people in the room.CNBC - Business - Donald Trump -
Jeff Bezos is a 'brilliant man' for what he's done at Whole Foods, says ex-CEO: 'He thinks really long term'
After Amazon acquired Whole Foods Market for $13.7 billion in 2017, Jeff Bezos backed price cuts at the grocery chain long known derisively as "whole paycheck."CNBC - Business -
This ETF strategy may help investors skirt market concentration risk
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Nvidia CEO: One of the most 'profound learnings in my life' came from a gardener—how it made me successful
Jensen Huang learned a valuable career lesson from a gardener while on a trip to Kyoto, Japan. Here's why he says it resonates with him.CNBC - Business -
Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
Shortly after leaving the Trump White House, Jared Kushner was putting Saudi money to work across a host of businesses, including Amazon aggregator Unybrands.CNBC - Business