Opinion: Don’t believe the hype: The economy isn’t headed toward a recession, and the Fed isn’t ‘behind the curve’ on interest rates

Much has been made about an imminent, full-blown recession, triggered by the unwinding of record stimulus by the Federal Reserve and resulting steep correction in stock and bond prices. While the clearing out of speculative froth from the markets may be wrenching, there is little evidence in the investment and consumption fundamentals of the business-cycle … Read more

FTC launches investigation into infant formula shortage

A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the countrys formula stock, an issue that was further exacerbated by a major product recall in February. Jim … Read more

Good news for buyers? Fannie Mae chief economist says the US housing market has finally turned a corner. Here’s why.

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering … Read more

CDC says monkeypox does not spread easily by air: ‘This is not Covid’

The Centers for Disease Control and Prevention wants to calm public anxiety over how the monkeypox virus is transmitted, emphasizing that it does not spread that easily through the air because it requires close contact with an infected person. Monkeypox is primarily spread by through sustained skin-to-skin contact with someone who has an active rash, … Read more

Dark Clouds Remain for China’s Property Market

China’s beleaguered property sector has not shown any signs that a turnaround is around the corner — a move that could help the country’s battered economy. Though the sector has so far avoided a complete meltdown, which many predicted months ago, a double-whammy of defaults among developers and falling home prices continues to plague the … Read more

CDC officials sound alarm for gay, bisexual men as monkeypox spreads

The Centers for Disease Control and Prevention on Monday alerted gay and bisexual men that monkeypox appears to be spreading in the community globally, warning people to take precautions if they have been in close contact with someone who may have the virus and to be on the lookout for symptoms. Dr. John Brooks, a … Read more

FDA panel sets June 15 meeting on Pfizer, Modern vaccines for infants and toddlers

Bridgette Melo, 5, prepares for her inoculation of one of two reduced 10 ug doses of the Pfizer BioNtech COVID-19 vaccine during a trial at Duke University in Durham, North Carolina September 28, 2021 in a still image from video. Shawn Rocco | Duke University | via Reuters The Food and Drug Administration’s expert committee … Read more

The stock market is ‘vulnerable to good news’ and a 10% to 12% rally, says this strategist

Accentuate the positive, they say. And why not, as we cruise into Monday with stocks pointing higher amid hopes for easing US tariffs on China. Granted, optimism is a tall order these days, with the US economy slowing, COVID not done yet (let’s hope monkeypox passes fast) and Russian boots still on the ground in … Read more

Nvidia’s data center sales are likely to eclipse gaming – that might not be a good thing

Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet … Read more

China’s Central Bank Makes Unexpected Rate Cut as Growth Crumbles

SINGAPORE — China’s central bank cut a key interest rate while keeping another unchanged, an unexpected policy shift that economists said would likely help the country’s moribund housing market but bring only limited relief to its struggling economy. The latest in a series of targeted steps by the central bank highlights how policy makers in … Read more