Apartment rent growth in the United States is declining fast, after years of soaring prices. The decline in rents are giving many millions tenants relief for the first time since the early months of the pandemic, partially due to the increasing amount of apartments on the market. Rental prices may start to ease more this…
Apartment Rent Growth Is Declining Fast
June 15, 2023
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Dollar Ekes out Gain After Fed Hike Hint; Yen Slips
LONDON—The U.S. dollar strengthened on Thursday after the Federal Reserve left interest rates unchanged but signalled further rate hikes to come this year as attention turned to the European Central Bank policy announcement later in the day. The Fed’s policy decision snapped a string of 10 consecutive rate hikes, but the projections, or dot plot,…
Oil up on Strong China Refinery Data
LONDON—Oil prices rose on Thursday after a plunge the previous day, as data showed a jump in refinery runs at the world’s top crude importer China, but a weak economic backdrop capped gains. Brent crude futures were up 84 cents, or 1.15 percent, to $74.04 a barrel at 0959 GMT. U.S. West Texas Intermediate (WTI)…
Stocks Slip as ECB Prepares Hike After Hawkish Fed Pause
June 15, 2023
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LONDON—World stocks slipped from 18-month peaks and the dollar pushed higher on Thursday as traders readied for what is expected to be the eighth straight rate hike from the European Central Bank (ECB) later. Europe’s groggy start came after Wednesday’s first pause in the U.S. Federal Reserve’s rapid hiking cycle in over a year was…
Stock Market Today: Wall Street Swings to Mixed Close as Fed Hints of Rate Hikes to Come
NEW YORK—Wall Street swung to a mixed finish after the Federal Reserve hinted it may raise interest rates two more times this year, even as it held them steady Wednesday. The S&P 500 finished the day 0.1 percent higher after pinballing between gains and losses following the Fed’s announcement. The Dow Jones Industrial Average dropped…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 14)
June 14, 2023
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Benchmark U.S. crude oil for July delivery fell $1.15 to $68.27 a barrel Wednesday. Brent crude for August delivery fell $1.09 to $73.20 a barrel. Wholesale gasoline for July delivery fell 1 cent $2.55 a gallon. July heating oil fell 4 cents to $2.36 a gallon. July natural gas was unchanged at $2.34 per 1,000…
How Major US Stock Indexes Fared June 14
Stocks swung to a mixed close on Wall Street after the Federal Reserve hinted it may raise interest rates two more times this year. The S&P 500 ended less than 0.1 percent higher Wednesday after pinballing from a modest gain before the Fed’s announcement to a modest loss just after. The Dow fell 232 points,…
ANALYSIS: How the Pandemic Impacted Trade Between the US and Mexico
Officials and experts along the U.S.-Mexico border said that over $1 trillion worth of trade a year between the two countries has finally recovered after taking a hit during the COVID-19 pandemic, with many manufacturers relocating to Mexico, where they export goods to the United States. During the pandemic, from 2019 to 2020, the value…
Wall Street Subdued at Open as Investors Await Fed Decision
Wall Street’s main indexes were subdued at open on Wednesday as investors geared up for the Federal Reserve’s interest rate decision later in the day, while shares of UnitedHealth fell after the insurer warned of higher medical costs. The Dow Jones Industrial Average fell 167.42 points, or 0.49 percent, at the open to 34,044.70. The…
Binance.US Says SEC’s Temporary Restraining Order Would Destroy the Company
June 14, 2023
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Binance said that the Securities and Exchange Commission’s (SEC) move to freeze the assets of its American affiliate, Binance.US, would effectively destroy the crypto exchange. The SEC filed a temporary restraining order on June 12,to freeze Binance.US’s funds until it was able to prove that no one at the firm, including its CEO, Changpeng “CZ” Zhao, could access…
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