Federal Reserve Chairman Jerome Powell’s insistence that the central bank is not deliberately trying to cause a recession and that the economy is on solid footing is exactly what someone in his position would be expected to say.
U.S. housing starts drop to 13-month low in May; building permits fall
U.S. homebuilding fell to a 13-month low in May and permits tumbled, suggesting the housing market was cooling as surging mortgage rates reduce affordability for many first-time homebuyers.
Elon Musk addresses layoffs, remote work and ‘free speech’ during his first meeting with Twitter employees
Elon Musk on Thursday doubled down on his desire to relax content restrictions on Twitter during a meeting with employees, some of whom have previously raised concerns about how the billionaire might change the platform.