UBS has said: the Federal Reserve is expected to cut interest rates three times this year and five more times next year

Investors are scaling back their expectations for interest rate cuts by the US Federal Reserve this year, as robust economic data strengthens the belief that the central bank will need to maintain higher borrowing costs to tackle inflation. The market now anticipates two quarter-point rate cuts by the Fed in

Office vacancies are at an all time high

Office vacancies are at an all time high. "The office sector has broken its previous vacancy record set just a quarter ago," and is nearing the 20% mark, according to Moody’s. In the first quarter of this year, the office vacancy rate reached 19.8%, up from

President Joe Biden will announce on Monday his plans to cancel student debt for more than 30 million Americans by this fall

The Democratic president is set to announce plans in Madison, Wisconsin, which include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income. This move is estimated to eliminate the entirety of that interest for 23 million borrowers. Progressive voters, whom Biden hopes will support

The Bored Ape-themed hamburger restaurant in Long Beach, California has shut down

The Bored Ape-themed hamburger restaurant in Long Beach, California has shut down, per Web3IsGoingGreat. Bored & Hungry, a burger restaurant in Long Beach, California, launched a couple of months ago claiming to be the first restaurant to accept Ethereum and Apecoin.  Bored & Hungry, which opened in April, is themed

Brazil Supreme Court Justice Alexandre de Moraes has opened an inquiry into Elon Musk and 𝕏 for “obstruction of Justice” and “incitement to crime"

Following the closure of several accounts on his messaging platform X by Brazilian Supreme Court Justice Alexandre de Moraes due to the spread of misinformation and hate speech, tech billionaire Elon Musk responded with strong criticism and a threat. In response, Moraes has initiated an investigation against Musk, citing evidence

A Boeing, $BA, engine part fell off during Southwest flight takeoff, FAA has said

A Boeing plane's engine covering came loose and struck the plane's wing flap as Southwest Airlines Flight 3695, bound for Houston, took off from Denver International Airport on Sunday morning, officials reported. Following the incident, the aircraft safely returned to the airport around 8:15 a.

President Biden wants companies SpaceX that use American airspace for rocket launches to start paying taxes into a federal fund that finances the work of air traffic controllers

President Biden wants companies SpaceX that use American airspace for rocket launches to start paying taxes into a federal fund that finances the work of air traffic controllers, per NYT. President Joe Biden is proposing that private space companies like Elon Musk's SpaceX and Jeff Bezos' Blue

The average worker now logs off at 4 p.m. on Fridays

Conversations about implementing four-day workweeks have faded amid the pandemic, but U.S. workers are now signing off earlier on Fridays, a trend that has persisted. The pandemic's impact on work habits, such as lighter Friday workloads while remote, has endured. Analysis of sign-off times from approximately 75,

Larry Summers, an OpenAI board member, thinks AI could replace ‘almost all’ forms of labor

Former Treasury Secretary Larry Summers, who joined the board of directors of OpenAI, the developer of ChatGPT, late last year, shared his perspective on this debate at the Fortune Innovation Forum in Hong Kong on Thursday. He stated, “The right general rule with respect to technological innovation is that things

US economy added 303,000 new jobs last month

US economy added 303,000 new jobs last month. In March, job growth was notable in several industries: health care (+72,300 jobs); government (+71,000 jobs); leisure and hospitality (+49,000 jobs); and construction (+39,000 jobs). The current U.S. labor market is historically robust: Jobs have been

The Justice Department is reopening its antitrust investigation into whether real estate agents are using illegal price-fixing to raise housing costs

The Justice Department is reopening its antitrust investigation into whether real estate agents are using illegal price-fixing to raise housing costs. The U.S. Circuit Court of Appeals in Washington, D.C., ruled on Friday that the Department of Justice (DOJ) is not prohibited from reopening its investigation into the

Steve Cohen has said he owns a ‘little bit’ of bitcoin because of his son

Steve Cohen has said he owns a ‘little bit’ of bitcoin because of his son. "My son is really into it. He had me play around and try to figure out how to transact on Coinbase." Cohen added that he does not closely follow Bitcoin. "It'

Jerry Seinfeld is a officially a billionaire now, due to the popularity of Seinfeld

Jerry Seinfeld is a officially a billionaire now, due to the popularity of Seinfeld, per Bloomberg. The enduring sitcom has propelled comedian Jerry Seinfeld's net worth to over $1 billion, according to the Bloomberg Billionaires Index, which is evaluating his wealth for the first time. His show, co-created

Cathie Wood says she still has a $2,000 price target for Tesla, $TSLA

Cathie Wood says she still has a $2,000 price target for Tesla, $TSLA. Wood expressed her optimistic outlook for Tesla during an interview with CNBC, stating, "Now is not the time to run for the hills," despite Tesla shares declining more than 30% since the beginning of

Ripple, $XRP, plans to launch its own stablecoin pegged to the U.S. dollar across the Ethereum and XRP Ledger blockchains

Ripple, $XRP, plans to launch its own stablecoin pegged to the U.S. dollar across the Ethereum and XRP Ledger blockchains. Ripple has announced that its stablecoin will always be backed 1-to-1 by an equivalent sum of assets, including U.S. dollar deposits, U.S. government bonds, and cash equivalents

30-year fixed-rate mortgage has climbed up to 6.82%

30-year fixed-rate mortgage has climbed up to 6.82% Freddie Mac reported on Thursday that the average rate for a 30-year fixed loan was 6.82%, up from 6.79% the previous week. Homebuyers are facing a less affordable market due to rising borrowing costs and high prices. According to

President Biden has called for an immediate ceasefire in Gaza

President Biden has called for an immediate ceasefire in Gaza, per WSJ. President Joe Biden informed Israel's Prime Minister Benjamin Netanyahu on Thursday, April 4, that future US assistance for Gaza would depend on new measures to protect civilians and aid workers. The conversation took place after Israeli

The number of young adults still living with their parents is at historic levels due to unaffordable housing costs

The recent increase in young adults living with their parents has reached levels not seen since the Great Depression, a trend detailed in a study by Wharton professor Susan Wachter and co-authors Arthur Acolin and Desen Lin. This shift is primarily attributed to worsening housing affordability, higher unemployment rates, and

Apple, $AAPL, is now exploring home robots

Apple Inc. is delving into personal robotics, potentially marking a significant venture for the tech giant, according to sources familiar with the matter. Apple engineers are exploring a mobile robot designed to follow users around their homes, as well as an advanced table-top home device that incorporates robotics to move

Powell: under current outlook, rate cuts likely to be appropriate this year

Powell: under current outlook, rate cuts likely to be appropriate this year. "Recent readings on both job gains and inflation have come in higher than expected," Powell said in a speech to the Stanford Graduate School of Business, and while policymakers generally agree rates can fall later this

US banks are snapping up Treasuries at the fastest clip since the peak of pandemic-sparked worry swept markets in 2020

US banks are snapping up Treasuries at the fastest clip since the peak of pandemic-sparked worry swept markets in 2020, per Bloomberg. During the two-week period ending on March 13, commercial banks acquired $103 billion of Treasuries and non-mortgage debt from federal agencies, as reported by the Federal Reserve'

BlackRock, $BLK, CEO Larry Fink has called on baby boomers to help younger generations and warns of a looming “retirement crisis” facing the US

In his recent annual investor letter, BlackRock CEO Larry Fink cautioned that without a concerted, high-level effort by corporate leaders and politicians to reimagine retirement in the US, there's a risk of alienating younger generations from both capitalism and politics. "It's no wonder younger generations,

Amazon, $AMZN, plans to spend $150 billion on data centers as the world prepares for an explosion in demand for artificial intelligence

Amazon, $AMZN, intends to invest $150 billion in data centers as the world braces for a surge in demand for artificial intelligence. This spending spree is a demonstration of strength as the company seeks to maintain its dominance in the cloud services market, where it holds roughly twice the market

Olive Garden and LongHorn Steakhouse have reported last week that households with incomes above $150,000 had more transactions at its restaurants in the most recent quarter than a year ago, whereas transactions among those making less than $50,000 fell

Olive Garden and LongHorn Steakhouse have reported last week that households with incomes above $150,000 had more transactions at its restaurants in the most recent quarter than a year ago, whereas transactions among those making less than $50,000 fell. Darden Restaurants Inc. is experiencing a pullback from lower-income

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PFIZER INC (PFE) crazy options activity right now

Unusual Options Activity and Flow in PFIZER INC (PFE) Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for PFIZER INC (PFE). Here are the options volume by expiry currently for PFE: Here are the