Deep-Pocketed Buyers Flock to London’s Hampstead, Where Harry Styles and Benedict Cumberbatch Own Homes

Deep-Pocketed Buyers Flock to London's Hampstead, Where Harry Styles and Benedict Cumberbatch Own Homes

Italian-born fashion designer Mara Girone, 46, and her British husband, Mark Tyers, 47, moved to Hampstead village in 2017 with their two children. The village is less than half a mile from Hampstead Heath, a 790-acre area of ​​woodlands and ponds, and the heath and surrounding areas are a popular respite for London residents looking … Read more

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

All three major US stock benchmarks closed higher Friday, after a March jobs report reinforced a picture of a healthy economy but also underlined expectations for the Federal Reserve to be more aggressive in hiking interest rates in an effort to rein in persistently hot inflation. How did stock indexes perform? The Dow Jones Industrial … Read more

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

All three major US stock benchmarks closed higher Friday, after a March jobs report reinforced a picture of a healthy economy but also underlined expectations for the Federal Reserve to be more aggressive in hiking interest rates in an effort to rein in persistently hot inflation. How did stock indexes perform? The Dow Jones Industrial … Read more

Inflation Weighed on Consumer Spending Growth in February

Inflation Weighed on Consumer Spending Growth in February

Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased and accelerated inflation amid Russia’s invasion of Ukraine. US households boosted their sending at a seasonally adjusted 0.2% pace in February from the month before, down from a revised 2.7% rate in January, when spending … Read more

Stock-market investors laugh off yield curve’s recession warning — for now. Here’s why.

Stock-market investors laugh off yield curve's recession warning --- for now.  Here's why.

Blink and you missed it, but the yield on the 2-year Treasury note traded briefly above the yield on the 10-year note Tuesday afternoon, temporarily inverting the yield curve and triggering recession warning bells. Data shows that it hasn’t paid in the past to abandon stocks the moment the Treasury yield curve turns upside down, … Read more

Job Openings Ease Slightly From Record Highs

Job Openings Ease Slightly From Record Highs

Available jobs fell slightly for the second consecutive month in February after touching a record high late last year, a sign employers are able to fill open positions as the pandemic eases. Job openings are easing as the number of new coronavirus cases continues to fall, potentially freeing up more people to rejoin the workforce. … Read more

Stocks Rise, Bond Yields Inch Closer to Recession Warning

Stocks Rise, Bond Yields Inch Closer to Recession Warning

US stock indexes rose at the opening and bond yields edged closer to flashing a recessionary warning signal Tuesday, as investors girded for a period of slower growth and higher interest rates. The S&P 500 rose 1.0%, while the technology-heavy Nasdaq Composite gained 1.2% and the Dow Jones Industrial Average rose 1.1%. On Monday, major … Read more

Stocks Cap Largest Two-Week Gain Since Late 2020

Stocks Cap Largest Two-Week Gain Since Late 2020

US stocks rebounded for a second consecutive week as investors gained confidence that the economy can withstand the escalating war in Ukraine and the Federal Reserve’s plans to lift interest rates to control inflation. The S&P 500 climbed 1.8% for the week, extending its gains over the past two weeks to 8.1%, the strongest run … Read more

Fed official doesn’t think housing market is headed for a crash: ‘I am trying to buy a house here in Washington and the market is crazy’

Fed official doesn't think housing market is headed for a crash: 'I am trying to buy a house here in Washington and the market is crazy'

Federal Reserve Governor Christopher Waller has no doubt about how competitive today’s housing market is. “Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Waller said in a speech at a housing conference. But even as home and rental prices … Read more

The yield curve is speeding toward inversion — here’s what investors need to know

The yield curve is speeding toward inversion --- here's what investors need to know

The bond market’s most reliable gauge of the US economic outlook for the past half-century is hurtling toward inversion at a faster pace than it has in recent decades, raising fresh worries about the economy’s prospects as the Federal Reserve begins to consider aggressively hiking interest rates . The widely followed spread between 2-year TMUBMUSD02Y, … Read more