Helder Marinho

New York

Platform Editor, NewsPlus at Dow Jones Newswires

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Articles

New York Fed President Says Inflation Is Still 'Too High,' Work Isn't 'Nearly Done'

Nov 30, 2023 | latintimes.com | Helder Marinho

John Williams, president of the Federal Reserve Bank of New York, said interest rates should be maintained with a "restrictive stance for quite some time" to bring inflation back to the 2% target. "Inflation surged to a 40-year high of just over 7%in June of last year. Since then, we have seen the inflation rate fall to 3 percent," Williams said in prepared remarks for an event Thursday. "This is a significant and welcome decline.
Pending Home Sales Fall To Record Low In October

Nov 30, 2023 | latintimes.com | Helder Marinho

Pending sales of homes in the U.S. fell 1.5% in October to the lowest level since the data started being tracked by the National Association of Realtors in 2001. The drop coincides with the period when mortgage rates rose to near 8%, the highest level in more than two decades. The index that follows the number of contracts signed before the closing of a home sale fell to 71.4 in October from 77.3 in September, the NAR said in a statement. The index dropped 8.5% from a year earlier.
Inheritance Is Making More New Billionaires Than Entrepreneurship, UBS Say

Nov 30, 2023 | ibtimes.com | Helder Marinho

The world population of billionaires grew 7% in the 12 months through April to 2,544 people, according to UBS. And for the first time since the Swiss bank started publishing the survey in 2015, most people became billionaires because of inheritance. A total of $150.8 billion was inherited by 53 people, while the 84 self-made billionaires accumulated a wealth of $140.7 billion, UBS said.
New York Fed President Says Inflation Is Still 'Too High,' Work Isn't 'Nearly Done'

Nov 30, 2023 | ibtimes.com | Helder Marinho

John Williams, president of the Federal Reserve Bank of New York, said interest rates should be maintained with a "restrictive stance for quite some time" to bring inflation back to the 2% target. "Inflation surged to a 40-year high of just over 7%in June of last year. Since then, we have seen the inflation rate fall to 3 percent," Williams said in prepared remarks for an event Thursday. "This is a significant and welcome decline.
Pending Home Sales Fall To Record Low In October

Nov 30, 2023 | ibtimes.com | Helder Marinho

Pending sales of homes in the U.S. fell 1.5% in October to the lowest level since the data started being tracked by the National Association of Realtors in 2001. The drop coincides with the period when mortgage rates rose to near 8%, the highest level in more than two decades. The index that follows the number of contracts signed before the closing of a home sale fell to 71.4 in October from 77.3 in September, the NAR said in a statement. The index dropped 8.5% from a year earlier.
Jobless Claims Rise Less Than Expected

Nov 30, 2023 | ibtimes.com | Helder Marinho

The number of workers filing for the first time for unemployment benefits rose last week, but it came in below economists' estimates. Jobless claims totaled 218,000 in the week ended Nov. 25, or 7,000 more than in the previous week, the Labor Department said in a statement Thursday. The number was below the estimate of 226,000 in a Reuters' survey of economists. The four-week average slightly fell to 220,000 from 220,500. Last week's data are seen as more volatile because of the Thanksgiving holiday.
Fed's Preferred Inflation Index Rises The Least In More Than Two Years

Nov 30, 2023 | ibtimes.com | Helder Marinho

Annual inflation measured by the core Personal Consumption Expenditure (PCE) index slowed to the lowest level since March 2021. The cooldown reflects a drop in energy costs. The index gained 3% in the 12 months through October, from 3.4% in September, the Commerce Department said in a statement Thursday. The core PCE, which excludes costs of food and energy and is closely followed by the Federal Reserve to decide on interest rates, rose 3.5% from 3.7% in September.
Life Expectancy In US Rises Again As Fewer People Die From Covid

Nov 29, 2023 | latintimes.com | Helder Marinho

Americans gained 1.1 years of life expectancy in 2022 after Covid became a less lethal disease, the Centers for Disease Control and Prevention said Wednesday. The increase to an average maximum age of 77.5 years doesn't compensate for the loss of 2.4 years from 2019 to 2021, the report said. According to the World Health Organization, the U.S. has registered 1.14 million Covid-related deaths from Jan. 3, 2020 to Nov. 22, 2023.
Life Expectancy In US Rises Again As Fewer People Die From Covid

Nov 29, 2023 | ibtimes.com | Helder Marinho

Americans gained 1.1 years of life expectancy in 2022 after Covid became a less lethal disease, the Centers for Disease Control and Prevention said Wednesday. The increase to an average maximum age of 77.5 years doesn't compensate for the loss of 2.4 years from 2019 to 2021, the report said. According to the World Health Organization, the U.S. has registered 1.14 million Covid-related deaths from Jan. 3, 2020 to Nov. 22, 2023.
Cigna And Humana Are Discussing A Mega Merger: Report

Nov 29, 2023 | ibtimes.com | Helder Marinho

A Cigna-Humana merger would create a giant in health insuranceReuters / ANDREW KELLYHealth insurance companies Cigna and Humana are in talks for a merger that could create a major player in the industry, The Wall Street Journal reported, citing people familiar with the discussions. The cash-and-stock deal could be finished by the end of the year, according to the report. Cigna shares fell more than 4% after the news. Humana had small changes.