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☆ Op-Ed: Less affordable homes don't just ruin American dreams, they're a threat to the economy
▼ + stars: | 2023-08-25 | by ( Michael Farr | Keith B. Davis | ) www.cnbc.com time to read: +5 min

The National Association of Realtors said earlier this month that its housing affordability index fell during the second quarter to its lowest level on record. Not coincidentally, the first quarter of 2021 turned out to the be peak in housing affordability. The consequence has been the massive drop in housing affordability to new lows. But still, housing affordability is as low as it's been since at least 1986. Given its importance to the wider economy, a robust housing market will likely be a precondition to achieving a relatively seamless transition to long-term economic expansion.

Persons: It's, Freddie Mac, Justin Lahart, it's Organizations: National Association of Realtors, Fed

☆ How High a Rate Can Housing Take?
▼ + stars: | 2023-08-23 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ MLB roundup: Max Scherzer, Rangers shut out Angels
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +6 min

[1/5] Aug 14, 2023; Arlington, Texas, USA; Texas Rangers starting pitcher Max Scherzer (31) pitches against the Los Angeles Angels in the fifth inning at Globe Life Field. Mandatory Credit: Tim Heitman-USA TODAY Sports/File photoAugust 15 - Max Scherzer allowed one hit over seven shutout innings as the Texas Rangers blanked the visiting Los Angeles Angels 12-0 on Monday night to open a three-game series. Marcus Semien hit a three-run homer and drove in five runs for the Rangers, who have won 11 of 13. Marlins 5, Astros 1Jorge Soler, Luis Arraez and Josh Bell hit home runs in consecutive eighth-inning at-bats as host Miami defeated Houston. Quinn Priester (2-2) gave up six runs on seven hits in five innings.

Persons: Max Scherzer, Tim Heitman, Marcus Semien, Adolis Garcia, Martinez, Patrick Sandoval, Dylan, Samad Taylor, Salvador Perez, Taylor, Julio Rodriguez, Brady Singer, Dominic Canzone, Singer, Jorge Soler, Luis Arraez, Josh Bell, Braxton Garrett, Framber Valdez, Grayson Rodriguez, Rodriguez, Gunnar Henderson, Ryan O'Hearn, Xander Bogaerts, Garrett Cooper, Ezequiel Tovar, Elehuris Montero, Matt Koch, Justin Lawrence, Christian Walker, Merrill Kelly, Kelly, Harold Ramirez, Curtis Mead, Christian Bethancourt, Tyler Glasnow, Yandy Diaz, Randy Arozarena, Jose Siri, Jacob Lopez, Tristan Beck, Daniel Vogelbach, Jonathan Arauz, Brandon Nimmo, Tyson Miller, Henry Davis, Ke'Bryan Hayes, Quinn Priester, Nicky Lopez, Lopez, Ozzie Albies, Albies, Jordan Walker's, Louis, Paul Goldschmidt, Esteury Ruiz, Seth Brown, Angel Felipe, JoJo Romero Organizations: Texas Rangers, Los Angeles Angels, Life, New York Mets, Rangers, Angels, Royals, Mariners, Kansas City, Seattle, Marlins, Astros, Miami, Houston, Orioles, Padres, Baltimore, Diamondbacks, Arizona, Rockies, Rays, Giants, Tampa Bay, San, Mets, Pirates, Pittsburgh, Braves, Yankees, Atlanta, Cardinals, Athletics, Oakland, Thomson Locations: Arlington , Texas, USA, Texas, Kansas, Seattle, San Diego, Colorado, Denver, San Francisco, New York

☆ Victoria's Secret is getting slammed by Skims fans online. They're accusing the brand of ripping off Kim Kardashian's campaign.
▼ + stars: | 2023-08-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Victoria's Secret launched a new campaign with supermodels Gisele Bündchen, Adriana Lima, and Candice Swanepoel. Their photos in Victoria's Secret catalogs made them household names — the brand even dubbed them "Angels" to further cement their place as modeling royalty. Critics on social media pointed out that the new Victoria's Secret campaign looks eerily similar, even down to the name: It's called "The Icon" while Kardashian's was "Icons." Swanepoel posted about her return to modeling for Victoria's Secret in an Instagram post. "What a wonderful sense of belonging to come home to my VS family for this Iconic campaign!"

Persons: supermodels Gisele Bündchen, Adriana Lima, Candice Swanepoel, Secret, Kim Kardashian, Gisele Bündchen, Kim Kardashian's, Kardashian, Skims, Swanepoel, Tyra Banks, Heidi Klum, Alessandra Ambrosio —, Kardashian's, Mikael Jansson, SKIMS, —, Blakely Thornton, Ryan Reynolds, Pelton, Justin Long, Ed Razek, Naomi Campbell, Adut Akech, Hailey Bieber, Paloma Elsesser, Sui, Emily Ratajkowski Organizations: Service, Victoria, New York Times Locations: Wall, Silicon

☆ MLB roundup: Michael Lorenzen tosses no-hitter in home debut for Phillies
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +12 min

St. Louis received contributions throughout its lineup, with Nootbaar collecting two hits, an RBI and two runs scored. Mariners 6, Padres 1Cal Raleigh hit a tiebreaking two-run homer in the eighth inning as Seattle defeated visiting San Diego. Matt Vierling had three hits, scored two runs and drove in another. Joey Gallo hit a two-run homer and Correa added a solo shot for Minnesota, which will try to salvage the split on Thursday. At the plate, Ohtani went 0-for-2 with two walks (one intentional) and a run scored.

Persons: Rob Thomson, Michael Lorenzen, Bill Streicher, Lorenzen, Dominic Smith flied, Johan Rojas, Cole Hamels, David Peralta, Freddie Freeman, Jason Heyward, Bobby Miller, Kyle Nelson, Peralta, Freeman, Will Smith, Austin, Michael Harris, Carmen Mlodzinski, Ronald Acuna Jr, Ozzie Albies, Max Fried, Pierce Johnson, Raisel Iglesias, Bryan De La Cruz's, Josh Bell's, Jon Berti, Luis Arraez, Bell, Sam Moll, De La Cruz, Alexis Diaz, Tanner Scott, A.J Puk, David Robertson, Christian Encarnacion, Strand, Freddy Tarnok, Zack Gelof, Oakland's, Jonah, Jordan Montgomery, Esteury Ruiz, Jordan Diaz, Mark Canha, Justin Lawrence, William Contreras, Frelick groundout, Ezequiel Tovar's, Monasterio's grounder, Cole Tucker, Tovar, Canha bobbled, Profar, Bryse Wilson, Ryan McMahon, Kyle Tucker, Jose Altuve, Altuve, Alex Bregman, Cristian Javier, Austin Hays, Jeff McNeil, Pete Alonso, Justin Verlander, Alonso, Seiya Suzuki, Christopher Morel, Suzuki, Paul Goldsmith, Lars Nootbaar, Louis, Jordan Walker, Giovanny Gallegos, Jose Siri, Jalen Beeks, Kevin Kelly, Nootbaar, Kevin Gausman, George Springer, Springer, Vladimir Guerrero Jr, Kole Calhoun, Casas, Alex Verdugo, Nick Pivetta, MJ Melendez, Seattle's, Emerson Hancock, Yu Darvish, Oscar Colas, Elvis Andrus, Mike Clevinger, Luis Severino, Gleyber Torres, DJ LeMahieu, Spencer Torkelson, Matt Vierling, Miguel Cabrera, Zach McKinstry, Eric Haase, Alex Faedo, Tyler Holton, Joey Gallo, Correa, Bailey Ober, Ohtani, Mike Moustakas, Michael Conforto, Brandon Crawford's Organizations: Philadelphia Phillies, Washington Nationals, Citizens Bank, Wednesday, Detroit Tigers, Phillies, Chicago Cubs, NBC Sports Philadelphia, Dodgers, Diamondbacks, Braves, Pirates, Atlanta, Pittsburgh, Marlins, Reds, Miami, Cincinnati, Athletics, Rangers, Oakland, Brewers, Rockies, Milwaukee, The Brewers, Astros, Orioles, Houston, Baltimore, Mets, Cubs, New, Chicago, Houston Astros, Cardinals, Rays, Hudson, Tampa, Blue Jays, Toronto, Cleveland, Guardians, Red Sox, Royals, Boston, Kansas City, Mariners, Padres, Cal Raleigh, Seattle, San, Sox, Yankees, Twins, Detroit, Tigers, Minnesota, Giants, cramp, Thomson Locations: Philadelphia , Pennsylvania, USA, Angeles, Arizona, Phoenix, Texas, Colorado, Baltimore, New York, Tampa, St . Petersburg, Fla, Tampa Bay, San Diego, Toronto, Chicago, Minnesota, Los Angeles, San Francisco, Anaheim , Calif, Ohtani

☆ MLB roundup: Blue Jays crush Red Sox for series sweep
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +11 min

Blue Jays starter Chris Bassitt (11-6) surrendered one run on seven hits in seven innings to earn the win. Chris Murphy (1-1) took the loss after allowing six runs on seven hits in 2 1/3 innings of relief. The Angels' Chase Silseth threw seven innings and gave up two runs on four hits, fanning a career-high 12 batters. That trio -- the top three batters in the Rays' order -- combined for seven hits, seven runs and five RBIs. Walker (13-4) threw 95 pitches over seven innings, giving up four runs on seven hits and a walk.

Persons: Alex Verdugo, Brandon Belt, Eric Canha, Davis Schneider, George Springer, Matt Chapman, Kevin Kiermaier, Triston Casas, Chris Bassitt, Chris Murphy, Andrew Heaney, Heaney, Nathaniel Lowe, Marcus Semien, Ezequiel Duran, Adolis Garcia, Sandy Alcantara, Yuli Gurriel, Elvis Andrus, Emmanuel Clase, Eloy Jimenez, Andrew Vaughn, Brayan Rocchio, Andrus, Jake Meyers, Meyers, Carlos Rodon, Wandy Peralta, Yordan Alvarez, Gleyber Torres, Matt Wallner, Wallner, Paul Sewald, Jorge Polanco, Max Kepler, Lourdes Gurriel Jr, Corbin Carroll, Kyle Bradish, Cionel Perez, Jose Quintana, Quintana, Mark Vientos, Felix Bautista, Daniel Vogelbach, Lane Thomas, CJ Abrams, Thomas, Lyon, Abrams, Joey Votto, TJ Friedl, Stuart Fairchild, Richardson, Ben Lively, Eugenio Suarez, J.P . Crawford, Teoscar Hernandez, Matt Thaiss, Chase Silseth, Bryce Miller, Miller, Yandy Diaz, Wander Franco, Brandon Lowe, Josh Lowe, Kerry Carpenter, Taijuan Walker, Walker, Justin Steele, Bryson Stott, Kyle Schwarber, Nick Castellanos, MJ Melendez, Zack Greinke, Johan Oviedo, Connor Joe, Endy Rodriguez, Bryan Reynolds, William Contreras, Brandon Woodruff, Justin Steele whiffed, Ian Happ, Jeimer Candelario, Cody Bellinger, Steele, Ozzie Albies, Ronald Acuna Jr, Matt Olson, Olson, Austin Gomber, Louis, Gomber, Tyler Kinley, Brent Suter, Justin Lawrence, Lawrence, Zack Thompson, Miles Mikolas, Thompson, Nick Allen, Shea Langeliers, Allen, Kirby Snead, LaMonte Wade Jr, Patrick Bailey, Luke Jackson, Amed Rosario, Freddie Freeman, Lance Lynn, Gary Sanchez, Mookie Betts, Enrique Hernandez, Rich Hill, Ji Man Choi, Jake Cronenworth Organizations: Boston Red Sox, Toronto Blue Jays, Fenway, Blue Jays, Boston, Rangers, Marlins, White Sox, Chicago, Cleveland, Astros, Yankees, Houston, Diamondbacks, The Twins, Orioles, Mets, Baltimore, The Orioles, Reds, Washington, Cincinnati, Lyon Richardson's, Mariners, Seattle, Angels, Tigers, Tampa Bay, Rays, Phillies, Royals, Philadelphia, Kansas City, Chicago Cubs, Royals . Kansas City, Pirates, Brewers, Milwaukee, Cubs, Braves, Atlanta, The Cubs, MLB, Cardinals, Colorado, Rockies, Athletics, Giants, Oakland, San, Dodgers, Padres, Los Angeles, Dodger, Thomson Locations: Boston , Massachusetts, USA, Brandon, Texas, Miami, Arlington , Texas, Cleveland, New York, Minnesota, Arizona, Minneapolis, Los Angeles, Anaheim , Calif, J.P, Toronto, Detroit, Philadelphia, Pittsburgh, Oviedo, Milwaukee, San Francisco, San Diego

☆ A Goldilocks Job Market Is in Sight
▼ + stars: | 2023-08-05 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ A Goldilocks Job Market is in Sight
▼ + stars: | 2023-08-04 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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☆ The Economy’s Odometer Is Broken
▼ + stars: | 2023-08-03 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ It Might Be Quitting Time for the Fed’s Rate Hawks
▼ + stars: | 2023-08-01 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ MLB roundup: Mets beat Nats for Justin Verlander's 250th win
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +11 min

Williams allowed five runs on seven hits and four walks while striking out two over four innings. Left-hander Tyler Anderson gave up one run on seven hits over 6 1/3 innings, and Carlos Estevez (5-1) earned the win. Yarbrough (4-5) needed just 78 pitches to complete seven innings, allowing a run on seven hits with five strikeouts and no walks. He allowed three runs on seven hits with six strikeouts and two walks as the Diamondbacks lost for the eighth time in 10 games. The Rangers pulled to within a run in the top of the sixth on Marcus Semien's two-run single off Padres reliever Nick Martinez.

Persons: Justin Verlander, John Jones, CJ Abrams, Pete Alonso, Trevor Williams, Francisco Lindor, Ildemaro Vargas, Williams, Joc Pederson, Tristan Beck, Patrick Bailey, Casey Schmitt, Brandon Crawford bunted, Mauricio Llovera, Justin Turner, Adam Duvall, Hunter Renfroe, Renfroe, Tyler Anderson, Carlos Estevez, Yimi Garcia, Whit Merrifield, Vladimir Guerrero Jr, Adam Frazier, Adley Rutschman, Anthony Santander's, Gunnar Henderson, Ryan O'Hearn's, Mike Baumann, Dean Kremer, Luis Severino, Matt Olson, Milwaukee . Olson, Joel Payamps, Austin Riley, Marcell Ozuna, Ronald Acuna Jr, Kirby Yates, Christian Yelich, Carlos Santana, William Contreras, Josh Palacios, Bryan Reynolds, Angel Perdomo, Andrew Vasquez, Alec Bohm, Bryce Harper, Cristopher Sanchez, Garrett Cooper, Jean Segura, Avisail Garcia, Jorge Lopez, David Robertson, Miguel Cabrera, Kerry Carpenter, Ryan Yarbrough's, Yarbrough, Freddy Fermin, Kenta, Matt Wallner, Maikel, Josh Lowe, Brandon Lowe, Zack Littell, Kyle Tucker, Alex Bregman, Brandon Bielak, Jose Ramirez, Aaron Civale, Ramirez, Luis Robert Jr, Tim Anderson, Yoan Moncada, Andrew Vaughn, Michael Kopech, Steven Matz, Giovanny Gallegos, JoJo Romero, Louis, Matz, Tyler O'Neill, Andrew Knizner, Paul Goldschmidt, Kyle Hendricks, Ryan McMahon, Ty Blach, Nolan Jones, Justin Lawrence, Ramon Laureano, Elly De La Cruz, Matt McLain, Joey Votto, De La Cruz, Graham Ashcraft, Freddie Freeman, J.D, Martinez, Will Smith, Michael Grove, Luis Castillo, J.P, Crawford, Castillo, Merrill Kelly, Gary Sanchez, Blake Snell didn't, Sanchez, Jose Leclerc, Brock Burke, Marcus Semien's, Nick Martinez, Josh Hader, Hader, Josh Jung Organizations: New York Mets, Washington Nationals, Citi Field, USA, Nationals, Giants, Red Sox, San Francisco, Boston, Blue Jays, Los Angeles, Toronto, Angels, Orioles, Yankees, New, Baltimore, Santander, Braves, Brewers, Atlanta, Milwaukee, Pirates, Phillies, Pittsburgh, Philadelphia, Marlins, Tigers, Miami, Royals, Kansas City, Minnesota, Rays, Astros, Tampa Bay, Houston, White Sox, Cleveland, Chicago, Cardinals, Cubs, Rockies, Athletics, Colorado, Oakland, Dodgers, Reds, Cincinnati, Los, Mariners, Diamondbacks, Arizona, Padres, Rangers, San, Texas, Thomson Locations: New York City , New York, USA, San, New York, Milwaukee, Detroit, Denver, Los Angeles, Seattle, Phoenix, Arizona, Diego, Texas, San Diego, Nick Martinez . Texas

☆ The Pay Increases Keep Coming
▼ + stars: | 2023-07-28 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Recession Odds Just Got Longer
▼ + stars: | 2023-07-27 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Federal Reserve Chair Jerome Powell said on Wednesday that the central bank will raise its benchmark interest rate by a quarter-percentage-point, bringing rates to the highest point in 22 years. Photo: Nathan Howard/Associated PressThe U.S. could still enter the recession that economists have been forecasting for over a year now. But as of the second quarter it hadn’t started, and it probably won’t start in the third, either.

Persons: Jerome Powell, Nathan Howard, hadn’t Organizations: Associated Press

☆ Investors Can Read the Fed’s Poker Face
▼ + stars: | 2023-07-26 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

CNN —Donald Trump’s legal troubles deepened earlier this week when he was informed by special counsel Jack Smith that he’s the target of the criminal investigation into the aftermath of the 2020 election – the clearest sign yet that the former president could soon face more criminal charges. But without more detail, it’s hard to know exactly what shape the charges will take or what Trump 2020 election-related conduct they are aimed at. Among the potential charges Trump has been warned about is one pertaining to witness tampering, according to the Wall Street Journal and other outlets. Trump’s alleged involvement in a criminal conspiracy has been invoked in the litigation around the House select committee that investigated January 6’s pursuit of Trump lawyer John Eastman’s emails. That ruling pointed both to the obstruction of an official proceeding statute and the general conspiracy statute.

Persons: Donald Trump’s, Jack Smith, Smith, Trump, Todd Blanche, ”, Norm Eisen, “ Trump, Shan Wu, CNN’s Manu Raju, Mike, Joe Biden, ” Eisen, “, Justin Levitt, Levitt, Douglass Mackey, ” Mackey, Joe Biden’s, Enrique Tarrio, Trump’s, John Eastman’s, David O, Carter, Eastman, Elie Honig, ” Honig Organizations: CNN, Sunday, White, Trump, ABC, The New York Times, Loyola Law School, Obama Justice Department, Biden White House, Klux Klan, Wall Street, Justice Department, Boys, Eastman, Capitol Locations: United States, New York, Georgia, Arizona

☆ MLB roundup: D-backs best Braves in 29-run game
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +11 min

Emmanuel Rivera homered and Ketel Marte had three hits and three RBIs for Arizona, which snapped a four-game losing streak. The D-backs prevailed in the wild contest despite the efforts of Atlanta's Austin Riley, who homered twice and had a career-high seven RBIs. Arizona tied the game at 13-13 with two outs in the eighth when Dominic Canzone delivered an RBI single for his first career hit. Jonathan India homered and fell just a triple shy of the cycle for the Reds, who lost their fifth straight game. Rockies 4, Astros 3Kris Bryant and Ryan McMahon hit consecutive home runs in the first inning and Colorado beat Houston in Denver.

Persons: Christian Walker, Brett Davis, Geraldo Perdomo, Emmanuel Rivera, Ketel Marte, Miguel Castro, Kevin Ginkel, Atlanta's Austin Riley, Orlando Arcia, Sean Murphy, Dominic Canzone, Perdomo, Raisel Iglesias, Marte, Alex Kirilloff, Bailey Ober, Edouard Julien, Kyle Farmer, Carlos Correa, Eugenio Suarez, Bryan Woo, Wilmer Flores, Flores, Monday's, Barry Bonds, Joey Votto, Jake Fraley, Will Benson, Christian Encarnacion, Strand, Joc Pederson, Pederson, Brett, Michael Conforto, Ian Gibaut, Tyler Rogers, Camilo Doval, Jonathan India, Ryan Noda, JJ Bleday, Luis Medina, Sam Long, Shintaro Fujinami, Sam Moll, Trevor May, Joe Jacques, Noda, Aledmys Diaz, Bleday, Patrick Wisdom's tiebreaking, Seiya Suzuki, Suzuki, Miguel Amaya, Mike Tauchman, Nico Hoerner, Miles Mastrobuoni, Lane Thomas, Corey Dickerson's, Francisco Alvarez, Brett Baty, DJ Stewart, Jeff McNeil, Tommy Pham, Francisco Lindor, Pete Alonso, Yasmani Grandal, Jake Burger, Tim Anderson, Josh Naylor, Josh Bell, Logan Allen, Amed Rosario, Myles Straw, Allen, Connor Joe, Mitch Keller, Kyle Schwarber, Bryson Stott, Schwarber, Julio Teheran's, Aaron Nola, Andruw Monasterio, Brice Turang, Mickey Moniak, Patrick Sandoval, Shohei Ohtani, Domino, Gleyber Torres, Juan Soto, Joe Musgrove, Manny Machado, Gary Sanchez, Trent Grisham, Musgrove, Bo Bichette, Alek Manoah, Jason Heyward, Michael Grove, Will Smith, Freddie Freeman, Aaron Hicks, Tyler Wells, Baltimore's, Nolan Arenado, Brendan Donovan, Louis, Jordan Montgomery, JoJo Romero, Edward Cabrera, Jon Berti, Dairon Blanco, Maikel Garcia, Edward Olivares, Spencer Torkelson, Javier Baez, Marcus Semien, Corey Seager, Nathan Eovaldi, Taj Bradley, Travis Jankowski, Randy Arozarena, Brandon Lowe, Kris Bryant, Ryan McMahon, McMahon, Fernando Abad, Justin Lawrence, Alex Bregman Organizations: Arizona Diamondbacks, Atlanta Braves, USA, Arizona, Mariners, Minnesota, Seattle, Twins, Giants, Reds, Cincinnati, San Francisco, Athletics, Red Sox, Oakland, Boston, Cubs, Nationals, Chicago, Pittsburgh Pirates, Washington, Mets, White Sox, New, Pirates, Cleveland pummeled, Guardians, Phillies, Brewers, Philadelphia, Milwaukee, Yankees, Padres, Blue Jays, Diego, Toronto, Dodgers, Orioles, Los Angeles, Baltimore, Marlins, Cardinals, Royals, Tigers, Kansas City outslugged, Rangers, Rays, Texas, Tampa Bay, Astros, Colorado, Houston, Rockies, Thomson Locations: Atlanta , Georgia, USA, Truist, Arizona, Seattle, Francisco, San Francisco, Medina, Washington, New York, Cleveland pummeled Pittsburgh, Angeles, Anaheim , Calif, Sandoval, St, Miami, Kansas City outslugged Detroit, Arlington , Texas, Semien, Denver

☆ Companies and the Terrible, Horrible, No Good, Very Bad Earnings Season
▼ + stars: | 2023-07-17 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The Bond Market Gets Less Scary
▼ + stars: | 2023-07-13 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ How Fast Can Inflation Cool? Not Fast Enough (Yet) for the Fed
▼ + stars: | 2023-07-12 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The recession is already here for the rich
▼ + stars: | 2023-07-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

But some of the country's wealthiest people are already feeling worse off. The Wall Street Journal coined the term "richsession" to describe an economic slump that hits the rich harder. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. There is a different kind of economic slump on the horizon – a so-called "richsession". Wall Street Journal reporter Justin Lahart coined that term at the start of this year to refer to a downturn that disproportionately impacts some of the country's wealthiest people.

Persons: Justin Lahart, Lahart, Elon Musk, Mark Zuckerberg –, Goldman Sachs, it's Organizations: Street Journal, Service, Federal, Philadelphia Fed, Wall Street, of Labor Statistics, Atlanta Fed Locations: Wall, Silicon

☆ The Job Market vs. Inflation
▼ + stars: | 2023-07-07 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ What It Would Take to Bring the Job Market Into Balance
▼ + stars: | 2023-07-06 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ How the Fed and Investors Could All Be Wrong on Rates
▼ + stars: | 2023-07-05 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Federal Reserve Chair Jerome Powell said the central bank is likely to raise interest rates further, during a panel discussion at a European Central Bank symposium recently. Photo: European Central BankFederal Reserve policy makers and investors aren’t always on the same page, but when it comes to their expectations of where rates will end up over the long haul, they agree: much lower than they are now.

Persons: Jerome Powell, aren’t Organizations: European Central Bank, Central Bank Federal Reserve

☆ MLB roundup: Yanks' Domingo German fires perfecto vs. A's
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +11 min

Drew Waters had two hits and a walk for the Royals, who have lost 20 of their past 25 games. Minnesota starter Kenta Maeda (1-5) pitched five innings and allowed two runs on five hits, with two walks and four strikeouts. Angels starter Jaime Barria (2-3) allowed five runs on seven hits, including three home runs, in three innings. Blue Jays 6, Giants 1Toronto erupted for five runs in the first inning and went on to defeat visiting San Francisco. Aaron Nola (7-5) yielded four runs on seven hits over five innings but benefited from the Phillies' five-run second inning.

Persons: Domingo German, Stan Szeto, Domingo, Esteury Ruiz, Josh Donaldson, Feliz Hernandez, Don Larsen, David Wells, David Cone, Giancarlo Stanton, Harrison Bader, Volpe, Donaldson, Falefa, JP, Jose Ramirez, Josh Bell, Cleveland, Bo Naylor, Ramirez, Drew Waters, Matt Olson, Olson, Kolby Allard, Kirby Yates, Kenta Maeda, Royce Lewis, Ezequiel Tovar, Randal Grichuk, Cron, Jake Bird, Justin Lawrence, Victor Gonzalez, Yonny Hernandez, Mookie Betts, Freddie Freeman, Lawrence, David Peralta, J.D, Martinez, Seby Zavala, Eloy Jimenez, Luis Robert Jr, Robert, Zavala, Andrew Vaughn, Zach Remillard, Shohei Ohtani, Brandon Drury, Lucas Giolito, Jaime Barria, Patrick Corbin, Corbin, Keibert Ruiz, Jose Caballero, Logan Gilbert, George Springer, Trevor Richards, Bowden Francis, Richards, Austin Slater, LaMonte Wade Jr, Will Benson, TJ Friedl's, Adam Frazier's, Alexis Diaz, Fernando Cruz, Keegan Akin, Nick Castellanos, Edmundo Sosa, Josh Harrison, Aaron Nola, Drew Smyly, Jared Young, Dansby Swanson, Carlos Santana, Connor Joe, Henry Davis, Josh Palacios, Mitch Keller, Xander Bogaerts, Blake Snell, Blake Perkins, Christian Yelich, Bryse Wilson, Tommy Pham, Grant Hartwig, Perkins, Dane Dunning, Adolis Garcia, Dunning, Andy Ibanez, Kerry Carpenter, Marcus Semien, Corey Seager, Josh Jung, Ezequiel Duran, Leody Taveras, Joey Wentz, Jose Altuve, Jose Abreu, Houston, Louis, Altuve, Abreu, Nolan Arenado, Paul Goldschmidt, Jazz Chisholm, Garrett Cooper, Joey Wendle, Cooper, Braxton Garrett, Rafael Devers, Rob Refsnyder, Jarren Duran, Devers, Nick Pivetta, Josh Lowe's, Lowe, Scott McGough, Yandy Diaz, Wander Franco, Luke Raley, McGough, Randy Arozarena, Isaac Paredes, Ketel Marte Organizations: New York Yankees, Oakland Athletics, Oakland, Alameda County Coliseum, Oakland Coliseum, Yankees, Tampa Bay Rays, Brooklyn Dodgers, Minnesota Twins, Montreal Expos, JP Sears, Royals, Kansas City, Guardians, American League Central, Braves, Minnesota, Atlanta, Rockies, Dodgers, Colorado, Los Angeles, White Sox, Angels, Chicago, Brandon Drury . White Sox, Nationals, Mariners, Washington, Seattle, Blue Jays, Giants, San, Reds, Orioles, TJ, Cincinnati, Phillies, Cubs, Philadelphia, Padres, Pittsburgh, Pirates, Diego, Brewers, Mets, Milwaukee, New, Rangers, Tigers, Texas, The Rangers, Astros, Cardinals, Marlins, Red Sox, Boston, Rays, Diamondbacks, Tampa, Phoenix . The Rays, Thomson Locations: Oakland , California, USA, Domingo German, New York, Kansas, Cleveland, Minnesota, C.J, Los, Denver, Los Angeles, Anaheim , Calif, Toronto, San Francisco, Baltimore, Philadelphia, San Diego, Detroit, Arlington , Texas, Miami, Tampa Bay, Arizona, Phoenix .

☆ MLB roundup: Astros win finale with Dodgers in 11 innings
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +12 min

Astros rookie right-hander Hunter Brown gave up one run on three hits over six innings, Ryan Pressley (2-2) earned the win and Seth Martinez collected his first career save. Dodgers starter Tony Gonsolin gave up four runs on five hits over five innings. Starter Bailey Ober gave up three runs and five hits and struck out eight in six innings. Pete Alonso had three RBIs via a two-run single in the third and a homer in the seventh, while Francisco Lindor also went deep for the Mets. Padres starter Seth Lugo (3-4) gave up three runs on seven hits with four strikeouts and no walks in five-plus innings.

Persons: Jeremy Pena, Jose Abreu, Alex Bregman, Corey Julks, Bregman, Hunter Brown, Ryan Pressley, Seth Martinez, Freddie Freeman, Mookie Betts, Will Smith, Tony Gonsolin, Gonsolin, Yency Almonte, Willson Contreras, Louis, Paul Goldschmidt, Marcus Stroman, Lars Nootbaar's, Matthew Liberatore, Jake Woodford, Jordan Hicks, Royce Lewis, Lewis, Donovan Solano, Bailey Ober, Griffin Jax, Jhoan Duran, Zach McKinstry, Michael Lorenzen, Brendan White, Carlos Correa, Kyle Schwarber, Trea Turner, Jeff Hoffman, Pete Alonso, Francisco Lindor, Anthony Santander, Kyle Bradish, Felix Bautista, Cal Raleigh, Harrison Bader, Gerrit Cole's, Anthony Volpe, John King, Jose Trevino, Bader, Yerry Rodriguez, Ezequiel Duran, Volpe, Oswaldo Cabrera, Michael King, Adolis Garcia, Corey Seager, Jonah Heim, Leody Taveras, Cavan Biggio, Yusei Kikuchi, George Springer, Rickey Henderson, Kikuchi, Luis Medina, Tony Kemp, Matt Olson, Olson, Raisel Iglesias, Kevin Newman, Matt McLain, Chris Sabo, Owen Miller's, Miller, Trevor Stephan, Joey Wiemer, Elvis Peguero, Devin Williams, Cleveland, Luis Robert Jr, Robert, Kutter Crawford, Jesse Scholtens, Crawford, Adam Duvall's, Justin Turner, Eury Perez, Perez, Dontrelle Willis, Jonathan Davis, Luis Arraez, Ezequiel Tovar, Austin Gomber, Justin Lawrence, Shohei Ohtani, Eduardo Escobar, Taylor Ward, Ketel Marte, Patrick Bailey, Evan Longoria, Davis, Blake Sabol, Marte, Tyler Glasnow, Jose Siri, Taylor Clarke, Harold Ramirez's, Drew Waters, Glasnow, Pete Fairbanks, Colin Poche, Yandy Diaz, Siri, Maikel Garcia, Daniel Lynch, MacKenzie Gore, Jeimer Candelario, Joey Meneses, Tim Hill, Candelario, Meneses, Gore, Seth Lugo Organizations: Houston Astros, Los Angeles Dodgers, Astros, Houston, Dodgers, Los Angeles, Cardinals, Cubs, Chicago, Tigers, Minnesota, Detroit, Twins, Phillies, Mets, Philadelphia, Orioles, Mariners, Baltimore, Santander, Cal, Yankees, Rangers, Texas, Blue Jays, Athletics, Cavan, Toronto, Oakland, Braves, Reds, Cincinnati, Brewers, Milwaukee, Cleveland, White Sox, Red Sox, Boston, Marlins, Pirates, Miami, Pittsburgh, Rockies, Angels, Colorado, The Rockies, Diamondbacks, Giants, Arizona, J.D, Rays, Royals, Tampa Bay, Kansas City, Nationals, Padres, Washington, Thomson Locations: Los Angeles, London, Chicago, New York, Seattle, Atlanta, Cleveland, Los, Denver, San Francisco, St . Petersburg, Fla, Kansas, San Diego

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