CEOs are in distress and consumers fear job losses amid ‘stagflation shock,’ analysts warn

Wall Street celebrated the Federal Reserve’s half-point rate cut last month by sending stocks to fresh record highs, but the blockbuster jobs report on Friday has caused doubts to creep in. Analysts at Bank of America and JPMorgan, which was one of the few banks that correctly predicted the half-point cut last month, have lowered … Read more

Mortgage rates may remain stuck in a narrow range around current levels and won’t drop sharply anytime soon. Ahead of the Federal Reserve’s rate cut, mortgage rates had fallen tantalizingly close to what some considered the “magic number” of 6% that would revive a stagnant housing market marked by low inventory and the lock-in effect. … Read more

Emirates passengers aren’t allowed to bring pagers and walkie-talkies on board, the airline said, after similar devices belonging to the militant group Hezbollah exploded in Lebanon last month. “All Passengers traveling on flights to, from or via Dubai are prohibited from transporting pagers and walkie talkies in checked or cabin baggage,” Emirates said in a … Read more

The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists. Invesco Ltd., JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings Inc. are among those viewing the recent rebound with skepticism and waiting for Beijing to back up its stimulus pledges with real money. Some are … Read more

People across Florida were given notice Sunday that Milton, for now just a tropical storm off the coast of Mexico, could intensify rapidly into a major hurricane before slamming midweek into the storm-ravaged Gulf Coast. Tropical Storm Milton’s center was about 860 miles (1,385 kilometers) west-southwest of Tampa, Florida, early Sunday, heading east at 5 … Read more

For more than two decades, the low rent on Marina Maalouf’s apartment in a blocky affordable housing development in Los Angeles’ Chinatown was a saving grace for her family, including a granddaughter who has autism. But that grace had an expiration date. For Maalouf and her family it arrived in 2020. The landlord, no longer … Read more

You’ll inevitably drop your smartphone. Once at a theater, my Galaxy Note slipped out of my pocket and fell onto the seat’s metal frame, crushing the side button so that the phone kept trying to activate Bixby, Samsung’s voice assistant. The phone was very hot by the end of the movie. A case might have … Read more

Billionaire tech executive Elon Musk cast the upcoming presidential election in dire terms during an appearance with Donald Trump, calling the Republican presidential nominee the only candidate “to preserve democracy in America.” The CEO of SpaceX and Tesla who also purchased X, Musk joined Trump in Butler, Pennsylvania, on Saturday at the site where the former president survived an … Read more

At the turn of the 20th Century, one could expect to live until 47 in the U.S. Now, medical advancements, like vaccines and antibiotics, and public health initiatives have increased life expectancy in the U.S. to 77 years old and 73 globally.  While health conditions and systemic barriers like socioeconomic inequities and environmental conditions play … Read more

If you’re among the nearly 75% of Americans who enjoy a cup of joe daily—and also someone who works out regularly—you may be pleased to learn that the two rituals go together like coffee and cream. That’s because, according to research, pairing caffeine with exercise can improve how you feel and how you perform. “It’s … Read more