Federal Reserve policymakers begin their two-day meeting on interest rate policy Tuesday, as the ongoing conflict with Iran has raised fears of a global energy crisis and clouded the path for rate cuts.... Read more »
The U.S. economy’s growth in late 2025 was dramatically slower than initially reported, in large part due to the fallout from last fall’s record-breaking government shutdown. Gross domestic product (GDP), the total... Read more »
Job cuts are reportedly occurring across multiple divisions, including investment banking, trading, investment management and wealth management. Within wealth management, private bankers and back-office support staff were among those affected. Layoffs began... Read more »
Rising existing-home inventory is thwarting homebuilders, who are now slowing permits and starts — and backing off from hefty incentives. Homebuyers in the existing-home market might have a slight edge over those... Read more »
J.P. Morgan Chase has thrown a curveball into the financial world, predicting that the Federal Reserve won’t be lowering interest rates anytime soon. In fact, they’re saying no rate cuts at all... Read more »
Is this the final cut for the Bel Air speculative mansion known as La Fin? The party property at 1200 Bel Air Road, with a nightclub and screening rooms, is back on... Read more »
The question on everyone’s mind heading into 2026 is sharp and simple: who will be the next Federal Reserve Chair, and how much will they cut interest rates? It’s a pivotal moment.... Read more »
The top economist at J.P. Morgan believes the Federal Reserve is done cutting interest rates and will hold policy steady through 2026, with the next move likely a hike in 2027. “We... Read more »
Bank of America Global Research is signaling a significant shift in the Federal Reserve’s interest rate policy down the road. They’re forecasting two interest rate cuts in 2026, specifically in June and... Read more »
Qualifying homeowners would see school-related property tax valuations frozen at the year they turn 55, preventing future increases in that portion of their tax bill. Seniors already receive a partial exemption from... Read more »