Author: News Room
She asked Trump about childcare. Why she says his answer means he’s ‘not fit to be president’ CNN’s Jake Tapper interviews Reshma Saujani, who asked former President Donald Trump about his ideas for addressing the cost of childcare in the US at an event for the Economic Club of New York. Read the full article here
Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.US stocks suffered their worst week in more than a year, as weak economic data and cautious commentary from central bankers added to investor concerns over a possible economic slowdown.Wall Street’s benchmark S&P 500 dropped 1.7 per cent on Friday, bringing its loss for the week to 4.2 per cent — its worst weekly drop since March 2023.Large tech stocks were particularly badly hit, and the tech-dominated Nasdaq Composite had its sharpest weekly fall since January 2022, dropping 5.8 per cent, including a 2.6…
NEW YORK (September 6) — The Bureau of Labor Statistics (BLS) announced 142,000 new jobs this morning, according to the Establishment Survey, a collection of job creation data from businesses. The number is well below the 165,000 consensus estimate. June and July jobs creation figures were also revised down by 61,000 and 25,000 new jobs, respectively, bringing the average non-farms jobs creation figure for the last three months to a less-than-robust 116,000 new jobs. The BLS’s Household Survey, which polls the number of people taking jobs, and is viewed as eliminating workers taking more than one job, printed higher at…
Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented immigrants only make up a tiny portion of the mortgage market. In 2023, only 5,000 to 6,000 mortgages were made to holders of Individual Tax Identification numbers, according to a recent Urban Institute report. Those who are not legally authorized to work in the US obtain ITINs to file taxes, since…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks keep sliding: September is proving to be the rough month we thought it would be. A bruising first week of trading continued Friday after the weaker-than-expected August jobs report kept alive questions about the health of the U.S. economy. The S & P 500 is down about 1.7% Friday and on pace for its fourth consecutive day of declines. Still, it’s worth keeping in mind that the index is still…
Former independent presidential candidate Robert F. Kennedy Jr. will not appear on ballots in North Carolina and Michigan, appeals courts ruled in two separate decisions Friday.Election authorities in the two swing states previously decided that Kennedy’s name would remain on their ballots, rejecting his request to withdraw from the race.Friday’s rulings are good news for Republican presidential nominee Donald Trump. In North Carolina and Michigan, Trump polls better in a two-way race against Democratic nominee Kamala Harris than in a six-candidate race, according to polling averages from RealClearPolling.When Kennedy suspended his long-shot campaign and threw his support behind Trump on…
A federal judge in Georgia has temporarily blocked President Biden’s administration from implementing its plan to waive federal student loans for almost 30 million borrowers. U.S. District Judge J. Randal Hall issued the order on Thursday, ruling that the states currently suing the administration over the plan have established a case likely to prove the Department of Education does not have the authority to implement the loan forgiveness. “Plaintiffs show a substantial likelihood of success on the merits given the rule’s lack of statutory authority,” the judge wrote, according to Reuters. GOP-LED STATES SUE BIDEN ADMINISTRATION OVER STUDENT DEBT RELIEF PLAN…
Mortgage rates are down again this week, but remain too high to spark any significant movement in the housing market as the affordability crisis remains set in. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.35% this week from 6.46% last week. The average rate on a 30-year loan was 7.18% a year ago. “Mortgage rates fell again this week due to expectations of a Fed rate cut,” said Sam Khater, Freddie Mac’s chief economist. “Rates are expected to continue their decline and while potential homebuyers are…
This is a true story. We participated in this case, consulting at AgingParents.com. Vulnerability can come on suddenly for a solo ager. Aging veteran (AV) was living alone, and was trying to work out his life as he experienced physical changes. He was okay, he thought. Until he got Covid. He was very ill, but did not need hospitalization. He called on his only son, because he had no one else to look after him at that time. They were not close. His son had a temper but AV felt he had no choice. He was scared. Temperamental son, TS,…
Navy Secretary Carlos Del Toro violated the Hatch Act when he endorsed President Joe Biden while overseas in January, the Office of the Special Counsel found. While speaking in his official capacity at an event at the Royal United Services Institute in the United Kingdom, Del Toro said, “The United Sates and the world need the mature leadership of President Biden,” according to OSC. Del Toro went on to say, “We cannot afford to have a president who aligns himself with autocratic dictators and rules whose interpretation of democratic principles is suspicious [at] best.” The Hatch Act is a federal law that prohibits federal employees from engaging…
