The New York Times

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2024-09-19 20:55:45

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#note1g2g…eajh

2024-09-19 20:55:34

Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
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On September 19, 2024, the S&P 500 rose 1.7% following the Federal Reserve's interest rate cut of 0.5%, which was double the usual adjustment. The Dow Jones industrial average also reached a record high with a 1.3% increase. The Fed's decision alleviated market uncertainty and projected further cuts this year. Jerome H. Powell stated the economy is in a good place, while analysts noted risks including high stock valuations and geopolitical uncertainties. Global markets responded positively, with European and Asian indexes rising significantly.
#FederalReserve #InterestRates #StockMarket #S&p500 #DowJones #JeromePowell #GlobalMarkets #EconomicOutlook #Investors #FinancialNews
https://www.nytimes.com/2024/09/19/business/stock-market-federal-reserve.html

2024-09-19 16:47:08

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#note143j…gvn3

2024-09-19 16:46:56

30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
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The average 30-year fixed-rate mortgage fell to 6.09% on Sept. 19, 2024, down from 6.2% the previous week, marking the lowest rate since February 2023; this decline follows the Federal Reserve's decision to cut its benchmark interest rate by 0.5 percentage points; mortgage rates have decreased about one percentage point over the past four months, significantly lower than the nearly 7.8% peak in late 2023; Sam Khater, Freddie Mac's chief economist, noted that declining rates are reviving purchase and refinance demand; existing home sales fell 2.5% in August; analysts suggest falling rates could boost housing inventory as more sellers enter the market; however, home prices remain high, posing challenges for first-time buyers.
#MortgageRates #FederalReserve #InterestRates #HousingMarket #RealEstate #Economy #HomeSales #FreddieMac #SamKhater #AlexElezaj
https://www.nytimes.com/2024/09/19/business/mortgage-rates-fed-rate-cut.html

2024-09-19 16:04:55

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#note1hju…sqy3

2024-09-19 16:04:44

What the Fed’s Big Rate Cut Reveals About the Economy
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The Fed cut interest rates by half a percentage point on September 18, 2024; investors reacted positively, with S&P 500 futures rising; Jay Powell stated the economy is strong overall; Fed officials expect the federal funds rate to drop to 3.4% by the end of 2025; Donald Trump criticized the Fed for 'playing politics'; Kamala Harris welcomed the rate cut as beneficial for Americans; a survey indicated 80% of business leaders expect Harris to win the presidency; 23andMe's board resigned amid a disagreement over a take-private offer from co-founder Anne Wojcicki.
#FederalReserve #InterestRates #Economy #2024Elections #DonaldTrump #KamalaHarris #23andme #BusinessLeaders #MarketReaction #Inflation
https://www.nytimes.com/2024/09/19/business/dealbook/fed-rates-soft-landing.html

2024-09-18 17:55:24

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#note1fu9…l6k9

2024-09-18 17:55:13

Fed Expected to Cut Interest Rates for First Time in Four Years: Live Updates
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Federal Reserve expected to cut interest rates for the first time since March 2020; potential cut could be between 0.25 and 0.50 percentage points; current interest rates are between 5.25% and 5.5%; Fed Chair Jerome H. Powell to hold a news conference at 2 p.m. on September 18, 2024; Democrats, including Senators Elizabeth Warren and John Hickenlooper, have urged a 0.75 percentage point cut; mortgage rates have fallen to 6.2% in anticipation; uncertainty exists regarding the Fed's future rate cuts; former President Trump criticized the expected cut as 'political'; analysts split on the magnitude of the cut; S&P 500 and Nasdaq indices have seen gains ahead of the decision; inflation appears under control, prompting the Fed's shift; the last rate cut was in March 2020 amid the pandemic.
#FederalReserve #InterestRates #Economy #Inflation #MortgageRates #StockMarket #Politics #Biden #Trump #FinancialNews
https://www.nytimes.com/live/2024/09/18/business/fed-interest-rates

2024-09-18 08:59:14

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#note1gd0…8lh2

2024-09-18 08:59:02

These 14 Undecided Young Voters Are Starting to Change Their Minds
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Since mid-August, a focus group of 14 undecided young voters has been monitored; initially, they rated Kamala Harris more negatively than Donald Trump; after the recent debate on September 11, opinions shifted, with all participants believing Harris won; they viewed Trump as weak and ineffective; five participants would vote for Trump, four for Harris, and five remained undecided; voters expressed a desire for more policy details from Harris; participants noted Harris's potential for substance but criticized her for not differentiating herself from Biden; many felt Trump appeared immature and undisciplined during the debate; the group expressed confusion about the 2024 election landscape and dissatisfaction with both candidates; they highlighted the need for more substantive discussions on issues like Social Security and inflation; participants' views on Harris improved slightly after the debate, while Trump's ratings dropped significantly; the group remains largely undecided, with some leaning towards writing in candidates or voting for Harris.
#2024Election #YoungVoters #KamalaHarris #DonaldTrump #Debate #FocusGroup #PoliticalOpinions #VotingBehavior #UndecidedVoters #ElectionAnalysis
https://www.nytimes.com/interactive/2024/09/17/opinion/politics/17focus-group-persuadable-voters-2.html

2024-09-16 12:50:40

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#note1us7…8r00

2024-09-16 12:50:28

Are Voters Feeling Better About the Economy?
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Americans are focused on their finances as new surveys indicate a shift in economic sentiment; Vice President Kamala Harris is gaining ground on economic management, with 44% of voters trusting her compared to 42% for Donald Trump; a recent poll shows 48% of debate watchers favoring Harris; Trump is unharmed after a second assassination attempt; the Federal Reserve is expected to cut interest rates this week, with speculation on the size of the cut; concerns about stagflation are raised by JPMorgan's Jamie Dimon; TikTok faces legal challenges over a potential ban in the U.S.; the presidential election is 50 days away.
#Economy #2024Election #KamalaHarris #DonaldTrump #FederalReserve #InterestRates #Tiktok #PublicSentiment #Surveys #Politics
https://www.nytimes.com/2024/09/16/business/dealbook/voters-harris-trump-economy.html

2024-09-15 09:56:06

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#note1qfq…kke5

2024-09-15 09:55:55

White-Collar Workers Are Getting Squeezed. Even Oscar-Winning Producers.
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Cathy Schulman and over 100 producers seek better financial terms; Kevin Misher's production company reduced from six to one employee; producers face delayed payments and reduced deals; industry consolidation and tech changes impact job security; producers struggle to enter the field without wealth; Producers United formed to negotiate advances and health insurance; Jonathan Wang reports encouraging talks with studios; studios like Disney and Netflix have not commented.
#Hollywood #Producers #Economy #Labor #FilmIndustry #JobSecurity #ProducersUnited #CathySchulman #KevinMisher #JonathanWang
https://www.nytimes.com/2024/09/15/business/economy/hollywood-producers-challenges.html

2024-09-15 09:55:33

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#note1xz8…6w07

2024-09-15 09:55:22

Abortion vs. Border Security: New Mexico House Race Tests Dueling Messages
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Representative Gabe Vasquez, a Democrat, is under attack from Republican Yvette Herrell on immigration policy; Vasquez emphasizes abortion access as a key issue, criticizing Herrell's anti-abortion stance; Herrell supports legislation granting legal personhood to fertilized eggs; The race in New Mexico's Second Congressional District is highly competitive, with Vasquez leading by 9 points in a recent poll; The district skews Democratic, and Vasquez has twice as much cash on hand; The contest is seen as pivotal for control of the House; Voters express mixed priorities, with many concerned about abortion access and immigration but not prioritizing either issue; The election is set against the backdrop of the upcoming presidential election on November 5, 2024.
#Abortion #Immigration #NewMexico #HouseRace #GabeVasquez #YvetteHerrell #2024Election #Politics #Democrats #Republicans
https://www.nytimes.com/2024/09/15/us/politics/new-mexico-election-abortion-border.html

2024-09-14 22:52:02

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#note1mr0…cz0h

2024-09-14 22:51:51

Why Thousands of Haitians Have Settled in Springfield, Ohio
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Thousands of Haitians have settled in Springfield, Ohio, drawn by low living costs and job opportunities; estimates of Haitian residents range from 12,000 to 20,000; influx began after the Covid-19 pandemic and political instability in Haiti post-2021 presidential assassination; most Haitians in Springfield are legally in the U.S., many under Temporary Protected Status granted until Feb. 3, 2026; local resources are strained, prompting calls for assistance from state and federal governments; Gov. Mike DeWine announced $2.5 million in state aid for health care; tensions have risen due to the rapid growth of the immigrant population.
#Haiti #Immigration #Springfield #Ohio #TemporaryProtectedStatus #Covid19 #PoliticalInstability #CommunityResources #JobOpportunities #2024Elections
https://www.nytimes.com/2024/09/14/us/haitian-migrants-springfield-ohio.html

2024-09-13 22:41:10

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#note1mcr…th49

2024-09-13 22:40:58

The Point: Conversations and insights about the moment
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Michelle Cottle discusses the chaotic political landscape leading up to the 2024 election; Laura Loomer makes a racist comment about Kamala Harris, prompting backlash from Marjorie Taylor Greene; Lindsey Graham warns Trump against Loomer; New York Mayor Eric Adams faces corruption investigations; Kamala Harris's vague campaign strategy aims to attract diverse voter groups; Merrick Garland addresses attacks on the Justice Department; Hurricane Francine causes flooding in Louisiana; JD Vance and Trump face backlash from undecided voters; Harris's debate performance raises questions about her policy specifics; Trump makes false claims about abortion and immigration during the debate; Democrats express relief over Harris's strong debate showing; Trump threatens a government shutdown over election security issues.
#Politics #Election #KamalaHarris #DonaldTrump #Maga #Corruption #Hurricane #Debate #Abortion #VotingRights
https://www.nytimes.com/live/2024/09/11/opinion/thepoint