British economist named as new member of Bank of England’s rates committee
Columbia University professor Alan Taylor will replace Jonathan Haskel as a member of the Bank of England’s monetary policy committee. Source link...
MARKET
Consumer sentiment picks up for first time in five months in August
UMich consumer sentiment index rises to 67.8 vs. 66.6 forecast Source link...
Alphabet’s stock is set to break this bearish record as investor concerns mount
Alphabet’s stock needs to rally 1.5% Friday to be up on the week and not set a new record weekly losing streak. Source link...
New-home construction plunges to lowest level since May 2020
Construction on new U.S. homes fell 6.8% in July, the Commerce Department said Friday. Source link...
Oil prices turn negative on week as demand fears outweigh Middle East war jitters
Oil futures were lower Friday morning, giving up a weekly gain as worries about demand proved persistent, overshadowing fears of a retaliatory strike by Iran on Israel. Source link...
Chipotle lost its CEO to Starbucks — but gained a wave of retail stock-market investors
The fast-casual chain’s executive shakeup led to dip-buying and news-selling by individual investors. Source link...
‘He’s taunting me’: I loaned my son $30,000 to buy a house in 2012. I need it back. He says ‘the five-year window’ for repayment has closed. What can I do?
“I live off a modest pension and Social Security. I love my house, but it needs upgrading.” Source link...
SK Hynix leads rally of South Korean chip makers
SK Hynix shares strengthened on an improved outlook for the company and led a broad rally for South Korean semiconductor stocks. Source link...
Mpox vaccine maker’s stock continues to surge
Bavarian Nordic shares on Friday surged once again as the mpox vaccine maker says it now is seeking approval to immunize adolescents. Source link...
Bank of America teams with FIFA to sponsor U.S.-hosted 2026 World Cup
The financial-services giant is FIFA’s first global banking sponsor. Source link...
