Inflation expectations ease, while spending outlook tumbles, Fed consumer survey shows
Consumers expect the inflation rate a year from now to be 5.4%, the lowest number in a year and a decline from 5.75% in August.
How a return to a ‘5% world’ could break the market, Bank of America says
The convergence of a slew of inflation-related metrics around the 5% level could spell big trouble for investors ahead, according to Bank of America.
State attorney drops charges against Adnan Syed in connection with 1999 murder of Hae Min Lee
The charges were dropped about three weeks after his murder conviction was overturned.
Uber, Doordash plunge after Labor Department proposes change to gig worker classification
The proposed rule sent stocks for gig companies like DoorDash, Lyft and Uber down.
Biden to host fundraiser with John Fetterman in Philadelphia as Senate race with Dr. Oz tightens
The Biden-Fetterman fundraiser comes as Oz, who is backed by Trump, gains ground but is still trailing the Democratic lieutenant governor.
Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool
By lining up a broad deal with Coinbase, Google might pick up an edge against Amazon and Microsoft by letting clients pay with Bitcoin or other digital coins.
Bond yields rise after Bank of England says it will wrap bond buying this week
U.S. Treasury yields traded higher as investors digested Monday’s market retreat and the previous week’s data releases that will guide the Fed’s policymaking.
Goldman says one major issue will plague earnings season. But these stocks won’t be affected
The investment bank expects that U.S. companies that rely on overseas revenue will face challenges this earnings season.
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
JPMorgan Chase CEO Jamie Dimon warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession.
