MARKETWATCH FRONT PAGE
U.S. stock futures retreat Friday morning on good jobs report after the three main benchmarks all ended a holiday-shortened session on Wednesday at records on the same day for the first time in 17 months. See full story.
It’s ‘hallucinatory’ to expect a half-point Fed rate cut now — but economists still expect a quarter-point reduction
The solid June jobs report removes any chance the Federal Reserve will cut interest rates by a half-point, economists said Friday. See full story.
Biden knocks AOC, other ‘way left’ Democrats | Fireworks donor has success with tariffs lobbying
Joe Biden is sounding moderate in a new CNN interview. Meanwhile, Trump’s Fourth of July celebration featured $750,000 of donated fireworks from an Ohio retailer who has lobbied successfully against expanded tariffs. See full story.
There’s a huge gap between what home buyers want and what’s for sale
There needs to be 94,000 homes priced between $100,000 and $340,000 to achieve equilibrium in the property market, according to a new study. See full story.
A growing population no longer has any economic benefit
Automation has turned conventional economic wisdom on its head: there is greater prosperity in fewer numbers, writes Adair Turner. See full story.
MARKETWATCH PERSONAL FINANCE
Young people who enter the workforce with just their diploma face challenges, despite the low unemployment rate. See full story.
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