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The Fed's rates aren't directly tied to mortgage rates — but in general, when it goes up, mortgage rates either stay high or increase too. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-year Fixed Mortgage Rates Increase (+0.28%)The current average 30-year fixed mortgage rate is 7.03%, up 28 basis points since this time last week. 15-year Fixed Mortgage Rates Tick Up (+0.07%)The average 15-year fixed mortgage rate is 6.15%, a seven-basis-point increase from last week. Mortgage Refinance Rates30-year Fixed Refinance Rates Rise (+0.27%)The average 30-year refinance rate is 7.22%, which is higher than it was last week.
Persons: you'll, It's, refinance Organizations: Federal Reserve, Zillow Locations: Chevron
A general view shows a special ship, "Neptune", the floating liquefied natural gas terminal, during the inauguration of the Liquefied Natural Gas (LNG) terminal 'Deutsche Ostsee' in the port of Lubmin, Germany January 14, 2023. REUTERS/Annegret Hilse/File PhotoLAUNCESTON, Australia, Aug 14 (Reuters) - The comfort that had characterised natural gas markets in Asia and Europe in recent months was shown to be a mere illusion by the threat of strike action at three major Australian liquefied natural gas (LNG) plants. Benchmark Dutch natural gas prices jumped 28.3% from the close on Aug. 8 to the finish on Aug. 10 as reports of the looming strike action spooked the market. Woodside and Chevron are engaging in talks with labour unions at the LNG facilities, and it's not yet clear what form any strike action would take, assuming no agreement can be reached. Europe's LNG imports in contrast have been trending lower as the continent's natural gas storages remained elevated and demand shifts structurally lower as countries move to reduce reliance on fossil fuels.
Persons: Annegret, Tom Hogue Organizations: REUTERS, Woodside Energy, Chevron, West Shelf, Benchmark, South Korea, China, Reuters, Thomson Locations: Lubmin, Germany, LAUNCESTON, Australia, Asia, Europe, Western Australia, North Asia, Woodside, Chevron, Ukraine, Japan, South Korea, Qatar, United States
Summary OPEC flags healthy oil market fundamentals in second halfUS consumer prices rise moderately in JulyChina tips into deflation as efforts to stoke recovery falterAug 11 (Reuters) - Oil prices edged higher on Friday on optimism from the OPEC producer group that oil demand will be robust in 2024 as it also nudged up its expectations for global economic growth. Brent crude rose 7 cents to settle at $86.47 a barrel at 0017 GMT, while U.S. West Texas Intermediate crude futures gained 12 cents at $82.94 a barrel. The Organization of the Petroleum Exporting Countries said on Thursday it expects world oil demand to rise by 2.25 million barrels per day (bpd) in 2024, compared with growth of 2.44 million bpd in 2023. In 2024, "solid" economic growth amid continued improvements in China is expected to boost oil consumption, it added. Also lifting market sentiment, Thursday's U.S. consumer prices data for July fuelled speculation the Federal Reserve is nearing the end of its aggressive rate hike cycle.
Persons: Brent, Stephanie Kelly, Shri Navaratnam Organizations: U.S, West Texas, of, Petroleum, Federal Reserve, Thomson Locations: China, OPEC, Saudi Arabia, Russia, Ukraine, U.S
Minneapolis CNN —US wholesale inflation rose more than expected in July, reversing a yearlong cooling trend, the Bureau of Labor Statistics reported Friday. Services prices rose 0.5% from June, the highest monthly increase since March 2022 for the category, BLS data shows. Still more to comeThe report comes just one day after the Consumer Price Index showed that prices rose 3.2% annually in July. Similar base effects played their role in the headline PPI increase as well, noted Rankin. When stripping out the more volatile categories of food and energy, core PPI rose 2.4% annually in July.
Persons: Price, Kurt Rankin, , ” Rankin, Rankin, , Matthew Martin, Oren Klachkin, Dow Organizations: Minneapolis CNN, of Labor Statistics, Refinitiv, PPI, Services, PNC Financial Services, CNN, , Federal Reserve, Oxford, ” Energy, Fed, Federal Locations: Minneapolis, That’s
Edward Marrinan, macro credit strategy desk analyst at SMBC Nikko Securities America, added: "Credit risk at this point is mispriced." The move prompted a sell-off in equities and slight widening in corporate credit spreads. The average investment-grade bond spreads as of on Thursday were just a few basis points wider than the tightest levels touched this year in July and 16 basis points tighter from January. Junk-bond spreads are 98 basis points inside January levels. "With market consensus now expecting a soft landing, the credit markets are arguably underpricing default risk," BMO’s Krieter said.
Persons: Brendan McDermid, Cindy Beaulieu, Edward Marrinan, Moody's, Daniel Krieter, Krieter, Marrinan, Manuel Hayes, Hayes, BMO’s Krieter, Shankar Ramakrishnan, Davide Barbuscia, Paritosh Bansal, Jonathan Oatis Organizations: NYSE, American Stock Exchange, New York Stock Exchange, REUTERS, U.S . Federal Reserve, SMBC Nikko Securities America, Reuters Graphics Reuters, Investors, Reuters, BMO Capital Markets, London, Insight Investment, Informa, Thomson Locations: New York City, U.S
Yet recent research suggests that one pill of the drug can be effective in preventing such infections among men who have sex with men if taken within 72 hours after unprotected sex. He added that any guidance from the CDC will help “fill gaps,” provide direction to clinics and offer a framework for using doxyPEP for STI prevention. “Drug resistance when taking doxyPEP is currently being studied in people using this treatment for STI prevention. “There are still many STI prevention and treatment gaps left to fill. “In STI prevention, we’ve been relying on tools that are decades, sometimes centuries old.
Persons: Dr, Jonathan Mermin, , doxyPEP, Stephanie Cohen, , “ We’re, ” Cohen, ” David C, Harvey, ” Harvey, DoxyPEP, someone’s, Annie Luetkemeyer, gonorrhea, ” Luetkemeyer, Connie Celum, Kenya Medical Research Institute —, Jenell Stewart, Stewart, ” Stewart, Suneer Chander, Wisp, ” Chander, Sanjay Gupta, Mermin, Deidre McPhillips Organizations: CNN, US Centers for Disease Control, CDC’s National Center, HIV, CDC, San Francisco Department of Public Health, California Department of Public Health, San Francisco Department of Public, National Coalition, STD, , New England, of Medicine, Zuckerberg San Francisco General Hospital, UCSF, University of Washington, Hennepin Healthcare Research Institute, Kenya Medical Research Institute, Hennepin Healthcare, University of Minnesota, PEP, Food and Drug Administration, CNN Health Locations: United States, San Francisco, Seattle, King County, Washington, Kenya, Hennepin
Stock futures wavered as investors awaited another reading on inflation. Stocks got a small bump yesterday after the consumer-price index showed modest underlying price pressures . Stock futures oscillated. Gilts led a selloff in European government bonds, the FTSE 100 slid and the pound rallied, after data showed the U.K. economy grew last quarter. The Shanghai Composite Index lost 2% after data showed a steep drop in new loans issued by Chinese banks, signaling that credit demand remains weak.
Persons: Stocks, Gilts Organizations: Stock, Nasdaq, Dow, Bank of England, UBS, Credit Suisse, Overseas Locations: U.S, Swiss, Europe, Shanghai
Fresh inflation data offered the latest evidence that price increases were meaningfully cooling, good news for consumers and policymakers alike more than a year into the Federal Reserve’s campaign to slow the economy and wrestle cost increases back under control. The Consumer Price Index climbed 3.2 percent in July from a year earlier, according to a report released on Thursday. Inflation was rapid in June last year and slightly slower the next month. Economists were more keenly focused on another figure: the “core” inflation index, which strips out volatile food and fuel prices. And on a monthly basis, core inflation roughly matched an encouragingly low pace from the previous month.
Organizations: Federal
[1/2] Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. MSCI's broad index of global shares (.MIWD00000PUS) was 0.2% higher in European afternoon trade. Europe's regional Stoxx 600 (.STOXX) share index rose 0.9%, with bank stocks (.SX7P) around 1.6% higher. Italy's FTSE MIB share index gained 1.8%. "The burden-sharing of the costs and benefits from higher rates has a habit of becoming a political issue," Deutsche Bank strategist Jim Reid said.
Persons: Toby Melville, Jim Reid, China's, Naomi Rovnick, Stella Qiu, Sydney, Ellen Zhang, Christina Fincher, David Evans Organizations: London Stock Exchange, REUTERS, China CPI, Wall Street, Deutsche Bank, Federal Reserve, Nasdaq, Moody's, U.S . National Federation of Independent, Wednesday, U.S . Treasury, BCA, Reserve, Brent, U.S . West Texas, Thomson Locations: Canary Wharf, London, Britain, China, Italy, Thursday's U.S, U.S, Saudi Arabia, Beijing
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-year Fixed Mortgage Rates Increase (+0.17%)The current average 30-year fixed mortgage rate is 6.67%, up 17 basis points since this time last week. 15-year Fixed Mortgage Rates Go Up (+0.17%)The average 15-year fixed mortgage rate is 6.02%, a 17-basis-point increase from last week. Mortgage Refinance Rates30-year Fixed Refinance Rates Go Down (-0.14%)The average 30-year refinance rate is 6.99%, which is lower than it was last week. 15-year Fixed Refinance Rates Inch Up (+0.17%)The average 15-year fixed refinance rate is 6.54%, 17 basis points higher than it was last week.
Persons: we've, you'll, It's, refinance Organizations: Zillow Locations: Chevron
Lyme disease: A doctor explains what it is
  + stars: | 2023-08-08 | by ( Katia Hetter | ) edition.cnn.com   time to read: +7 min
CNN —As model Bella Hadid opens up about Lyme disease and other health issues, her ordeal brings up many questions. Lyme disease is transmitted through the bite of a particular tick, the black-legged tick (Ixodes scapularis and Ixodes pacificus). CNN: Is there a blood test one could take to see whether they have Lyme disease? False positives can also occur, with some other tickborne diseases and autoimmune illnesses triggering a positive result in the absence of Lyme disease. Wen: Without a vaccine, the best way to prevent Lyme disease is to prevent tick bites.
Persons: Bella Hadid, Leana Wen, Lyme, Wen, It’s Organizations: CNN, George Washington University Milken Institute School of Public Health, Getty, National Institute of Allergy, Pfizer Locations: Lyme, United States
A Brief History of Bling
  + stars: | 2023-08-08 | by ( Daniel Levin Becker | Jessica Pettway | ) www.nytimes.com   time to read: +1 min
You can’t hear hip-hop jewelry, technically speaking, but that doesn’t mean you don’t know what it sounds like. The word bling, which entered common parlance at the turn of the century, conjures specific sights: small flotillas of twinkling diamonds, gold layered literally to the teeth, watches so gem-encrusted they barely tick. But it also suggests an expansive range of sounds, from the chimes in B.G.’s 1999 anthem “Bling Bling” to the reverberant pomp of Slick Rick, the otherworldly bounce of Missy Elliott, the diced-pineapple opulence of Rick Ross. One beguiling trick of hip-hop production, whether it’s expensive or ersatz, elegant or gaudy, is to convey musically what jewelry signifies visually. Rappers wear jewelry to floss and flex, to make a flamboyant spectacle of their disposable income, but also to commemorate and honor, to endorse and advertise.
Persons: Slick Rick, Missy Elliott, Rick Ross, Gucci Mane’s Bart Simpson, Stewie Griffin, Remy,
CNN —Top model Bella Hadid has explained that her absence from key fashion events this year is likely to continue, saying in an emotional Instagram post on Sunday that she will return to the catwalk when “ready,” after seeking treatment for ongoing health problems. From Bella Hadid/InstagramShe added that she was “okay,” “finally healthy” and “wouldn’t change anything for the world…it made who I am today.”Hadid has said previously that she has Lyme disease, a tick-borne disease that can commonly cause symptoms of fever, chills, body aches, swollen lymph nodes, neck stiffness, shortness of breath, headache, fatigue and a rash. She told Vogue last year that her symptoms began in eighth grade. Left untreated, the infection can spread to the joints, heart and nervous system, according to the CDC. Although the photos Hadid shared depict her at vulnerable points, she said she “tried to pick the most positive pictures…because as painful as this experience was, the outcome was the most enlightening experience of my life filled with new friends, new visions and a new brain.”
Persons: Bella Hadid, Hadid, ” Bella Hadid, ” “, ” Hadid, , Glizzy P.Beans, Organizations: CNN, Vogue, US Centers for Disease Control, CDC Locations:
[1/5] A priest blesses Argentine faithfuls during San Cayetano's (Saint Cajetan) feast day, the patron saint of labour and bread, at San Cayetano church in Buenos Aires, Argentina August 7, 2023. "Walking around this neighborhood, there are many people who have come from other parts of the country to ask for work. People are asking a saint because they can't ask the politicians," said retiree Juan Mura, 58. "I would like the politicians to come here and see the reality of the people." He said he had come to pray to St. Cayetano for years and he hadn't been let down so far, despite the country's long-running economic woes.
Persons: Mariana Nedelcu, Cayetano, Juan Mura, Sergio Massa, Massa, Betina Basanta, Armando Villar, hadn't, I've, Claudia Martini, Miguel Lo Bianco, Horacio Soria, Adam Jourdan, Conor Humphries Organizations: San, REUTERS, Peronist, Thomson Locations: Argentine, Cayetano's, San Cayetano, Buenos Aires, Argentina, Mariana Nedelcu BUENOS AIRES
Your Next Great Meal
  + stars: | 2023-08-05 | by ( Nikita Richardson | ) www.nytimes.com   time to read: +1 min
If you’re the type of person, as I am, who likes to try new restaurants as much as possible, keeping up can be tough. “How do you keep up with all these restaurants?” is a question I get a lot from my fellow dining enthusiasts. My list has all the restaurants that I want to visit, organized by borough with descriptions of what they serve. I tick off restaurants as I try them, to great satisfaction. Location, location, locationI know a lot of professional and amateur diners who love to use the Saved feature on Google Maps.
Organizations: Google Locations: New York
Morgan Stanley's hard-charging trading boss Ted Pick is the frontrunner to succeed CEO James Gorman. Morgan Stanley veteran Ted Pick is in the running to succeed chief executive James Gorman. Though Wall Street has dressed down over the last few years, he sticks to his suits and Hermès ties. While Morgan Stanley currently trades at a premium among its Wall Street peers, but its enviable success isn't thanks to Pick. He's a lot more like John Mack than James Gorman in terms of style," an ex-managing director said, referring to Gorman's sharp-elbowed predecessor.
Persons: Morgan Stanley's, Ted Pick, James Gorman, Morgan Stanley, Pick, Gucci loafers, Blackstone, Tony James, Morgan, it's, Andy Saperstein, Dan Simkowitz, Gorman, John Mack, Bill Parcells, Ted Organizations: Archegos Capital Management, NFL
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-year Fixed Mortgage Rates Increase (+0.21%)The current average 30-year fixed mortgage rate is 6.83%, up 21 basis points since this time last week. 20-year Fixed Mortgage Rates Climb (+0.39%)The average 20-year fixed mortgage rate is up from last week and sits at 6.47%. 15-year Fixed Mortgage Rates Go Up (+0.20%)The average 15-year fixed mortgage rate is 6.09%, a 20-basis-point increase from last week. Mortgage Refinance Rates30-year Fixed Refinance Rates Hold Steady (no change)The average 30-year refinance rate is 7.29%, which is exactly where it was last week.
Persons: Joel Kan, you'll, refinance, It's Organizations: Mortgage, Survey, Zillow Locations: Chevron
Australia holds rates steady, might be done tightening
  + stars: | 2023-08-01 | by ( Stella Qiu | ) www.reuters.com   time to read: +4 min
Markets had leaned toward a steady outcome given recent data showed inflation had eased for a second quarter and consumer spending was softening. However, economists were more split on the outcome, with 20 out of 36 polled by Reuters expecting a hike. Swaps now implied a risk of around 13 basis points of tightening by year end. In a relief for policymakers, headline inflation slowed more than expected in the second quarter while retail sales posted their biggest fall this year in June. "While the RBA retains a tightening bias, we expect the hurdle to another rate hike is high.
Persons: Philip Lowe, Lowe, Michele Bullock, Belinda Allen, Goldman Sachs, Hebe Chen, Stella Qiu, Wayne Cole, Anisha Sircar, Sam Holmes Organizations: SYDNEY, Reserve Bank of Australia, Reuters, Commonwealth Bank of Australia, CBA, National Australia Bank, IG, Reuters Global Markets, Thomson
"We believe that many more Gino-authored papers contain fake data," the Data Colada professors wrote. Data Colada found that the raw data showed clear anomalies, such as a distribution infinitely more likely to be produced by a random-number generator than actual people. Soon after, Data Colada ran an article alleging that Gino tampered with data in at least one of her honesty-pledge experiments. A post on Data Colada or a tweet from Brown is like a bomb going off in the behavioral-science world. Others who attempted to build on Gino's studies are grappling with having wasted time, money, and energy.
Persons: It's, Francesca Gino, Gino, Michael Sanders, Greg Burd, , Hugo Boss, Gino coauthoring, Swarthmore College's Bhanot, Maurice Schweitzer, Simine Vazire, Sanders, Goldman Sachs, Schweitzer, they'd, Uri Simonsohn, Joe Simmons, Leif Nelson —, Data Colada, Dan Ariely, Ariely, Chris Goodney, Harvard, Colada, Nick Brown, Brown, Jeff Lees, Lees, There's Ariely, Brian Wansink's, HBS's Amy Cuddy's, Cuddy, Amy Cuddy's, Marie Claire's, Allison Williams, Astrid Stawiarz, Marie Claire Simonsohn, Simmons, Nelson, they're, Gordon Pennycook, Pennycook, it's, Bhanot Organizations: TED, Twitter, LinkedIn, Harvard, Wharton, Swarthmore College, Harvard Business School, Alaska Airlines, King's College London, Tione, University of Trento, Sant'anna, Studies, Carnegie Mellon University, University of North, Wired, Forbes, Google, Swarthmore, University of Melbourne, Disney, Lavin Agency, Data, Duke University, who's, NBC, BuzzFeed News, Bloomberg, Getty, Privately, Higher Education, Hill, Duke, US Department of, Cornell University, New York Times Locations: Trento, Pisa, University of North Carolina, HBS, Guatemala, Boston, New York, British, Guatemalan
Lack of awareness, lack of diagnosisScientists have only recently begun to understand alpha-gal syndrome. Another third of respondents said they were not confident about their ability to diagnose or manage a patient with alpha-gal allergy. Diagnoses on the riseResearchers haven’t had a good idea how many Americans might have alpha-gal syndrome. This led to them to estimate that between 96,000 and 450,000 Americans may have been affected by alpha-gal syndrome since 2010. A CDC map shows the geographic distribution of suspected alpha-gal syndrome cases per 1 million population per year from 2017 to 2022.
Persons: Ken McCullick, , , “ I’m, ” McCullick, , Scott Commins, aren’t, they’d, wasn’t, haven’t, epidemiologists, Commins, ” Commins, Johanna Salzer, CNN Salzer, ” Salzer, Salzer, McCullick, Dr, Sanjay Gupta, anaphylaxis, , , lightbulb Organizations: CNN, Alpha, US Centers for Disease Control, University of North Carolina School of Medicine, CDC, , Get CNN, CNN Health Locations: Brooksville , Florida, United States, Lenexa , Kansas, Midwest
Lone star ticks, which scientists believe are the primary culprits of the disease in the United States, can transmit the sugar to people through a bite. Even patients who have the syndrome may not feel sick every time they eat meat. “It’s consistently inconsistent,” Dr. Salzer said. Until August 2021, a single commercial lab did nearly all of this antibody testing in the United States. In one of the new studies, researchers reviewed the results of the antibody tests performed at this lab from 2017 to 2022.
Persons: Salzer, Maya Jerath, Louis, , ’ ”, Jerath, it’s, , “ It’s Organizations: Washington University Locations: St, United States
The Federal Reserve hiked rates in July, and it could be the final rate hike of the cycle. But while the latest rate hike was all but certain, there are still plenty of questions about what lies ahead. In a note from Wednesday evening, Goldman Sachs chief economist Jan Hatzius pointed out that Powell made it clear any further hikes will depend on inflation data. But Bank of America analysts led by US economist Michael Gapen remain unconvinced that the rate hike cycle is truly over. As for equities, Wall Street widely expected this week's rate hike, so there are no major changes to their second-half investing recommendations.
Persons: Jerome Powell, Henry Allen, shouldn't, Allen, Goldman Sachs, Jan Hatzius, Powell, Hatzius, Gurpreet Gill, Gill, Peter Hooper, Michael Gapen, Gapen, Goldman's Gill, America's Gapen, Morgan Stanley, Mike Wilson Organizations: Federal, shouldn't, Deutsche Bank, Fed, Goldman Sachs Asset Management, Bank of America, Bank, America's Locations: Wall
Mortgage rates tick up after dropping last week
  + stars: | 2023-07-27 | by ( Anna Bahney | ) edition.cnn.com   time to read: 1 min
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Morning Bid: Tech splits, banks merge and Fed decides
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +5 min
Unlucky for some perhaps, but a 13th today would make it the longest winning streak for the Dow since 1987. Meta Platforms (META.O) is up next after Wednesday's closing bell and its share rose 2%. Wells Fargo (WFC.N), meantime, climbed 2.8% after the bank's board authorized a new $30 billion share buyback program. The Fed decision comes in the wake of another set of forecast-beating U.S. consumer confidence readings for July. Elsewhere, the European earnings season was in full swing too, with banks dominating the diary and the European Central Bank meeting tomorrow.
Persons: Mike Dolan, Dow Jones, Wells Fargo, Kazuo Ueda, Jerome Powell, Molina, Rollins, Edwards, John Stonestreet Organizations: Microsoft, Dow, Netflix, Google, Federal Trade Commission, European Central Bank, Deutsche Bank, Bank of Japan, HK, . Federal, eBay, Boeing, General Dynamics, Seagate, Union Pacific, CME, Hilton Worldwide, Lam Research, Water Works, United Rentals, Otis, Treasury, Reuters, Reuters Graphics Reuters, Thomson Locations: U.S, Wall, Nasdaq, California, Lam, Everest
Government’s NatWest meddling crosses risky line
  + stars: | 2023-07-26 | by ( Liam Proud | ) www.reuters.com   time to read: +4 min
Meddling ministers crossed a line, and may struggle to retreat back onto the right side of it. Its shares fell a modest 3% on Wednesday morning – compared with 1% on average for Lloyds Banking Group (LLOY.L), Barclays (BARC.L) and Virgin Money UK (VMUK.L). Rose’s strategy of cutting costs, continuing to scale back risky trading and focusing on core UK retail banking was working. Britain’s Economic Secretary to the Treasury Andrew Griffith said on social media site X, formerly known as Twitter, that “it is right that the NatWest CEO has resigned”. Domestic rivals Lloyds Banking Group, Barclays and Virgin Money UK were down 2% on average.
Persons: Alison Rose, Rose, Rishi Sunak, Jeremy Hunt, Nigel Farage, Andrew Griffith, Coutts, aren’t, Nigel Farage's, Paul Thwaite, George Hay, Pranav Kiran, Streisand Neto Organizations: Reuters, Economic, NatWest, BBC, Royal Bank of Scotland’s, UK Government Investments, . Mortgage, Lloyds Banking Group, Barclays, Virgin Money, Lloyds, Domestic, Thomson Locations: NatWest’s
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