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The Federal Reserve cut rates by 0.50% on Sept. 18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. Since the Fed rate cut, we’ve also seen significant economic data lines beat estimates: housing starts, retail sales, industrial production, GDP and labor data all came in better than expected. Mortgage rates had already reached the bottom of my 2024 forecast so the risk of rates going higher…

Steve Jobs was not the biggest fan of consulting.Jobs once criticized consulting in a 1992 talk at MIT, where some consultants were present.He advised them to pursue jobs with which they’d have more ownership over their decisions. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. The late Apple founder, Steve Jobs, once had some…

Anxiety and anger about the future of the European Union has been on the rise for some time now. The union has been in the grips of a deepening crisis – or rather multiple deepening crises: a cost-of-living crisis, a housing crisis, a migration crisis, a sluggish growth crisis, and above all, a political crisis. It faces a significant challenge from the far right, which is surging in the polls in many EU countries, threatening to upend the fragile EU cohesion and “liberal values”. Just a few days ago, the far-right Freedom Party won the Austrian elections with 30 percent…

Keanu Reeves sure knows a lot more than kung fu … and he’s gearin’ up to prove it Saturday as he readied to make his professional auto racing debut at the Indianapolis Motor Speedway. In exclusive pictures and video obtained by TMZ … Keanu can be seen preparing for practice runs Saturday morning behind the wheel of the No. 92 Eagles Canyon Racing Toyota GR86. Play video content TMZ.com The GR Cup Series races happening over the weekend are a part of the Indianapolis 8-hour event … but separate from the endurance race. This is far from KR’s first (race)…

Inside the tunnel, the rough surface is concrete sprayed over a steel liner. Photo: Mark Peterson The Delaware Aqueduct, 85 miles end to end, is the longest tunnel in the world. It invisibly brings about half of New York City’s water, just over 500 million gallons per day, down from the Catskills to a holding basin in Yonkers. It’s about as old as Joe Biden, and it has not been drained for repairs since he was in high school. The stretch where it crosses under the river (from Newburgh to Wappinger) passes through crumbly limestone, and it has been leaking…

Before she built what would become a billion-dollar company, Angie Hicks had to conquer one of her biggest fears: talking to strangers. Hicks — one of the two co-founders of Angi, formerly known as Angie’s List — is a self-described introvert.Yet she’s also the namesake behind Angi, a popular online home services guide with millions of subscribers. Today, the company is worth $1.2 billion. Hicks is Angi’s chief customer officer, a role she’s had since 2017. But when the business launched in 1995, she wore many hats — often literally walking door-to-door to recruit Angi’s first customers. It was a daunting task…

Dolly Parton sings ‘Helene’ as she pledges $1m in hurricane reliefMusic icon Dolly Parton has announced she will make a personal donation of $1m (£762,000) towards disaster recovery efforts in the wake of Hurricane Helene.Speaking at an event in her home state of Tennessee on Friday, the 78-year-old said the money would come “from my own bank account”.Parton’s local commercial ventures – including the Dollywood amusement park – would also donate the same amount to the Mountain Ways Foundation, which is aiding those affected by flooding in the region.During her remarks, Parton broke into song, singing “Helene, Helene” to the…

Slim Shady will soon be a grandfather! Yes, Eminem’s daughter Hailie Jade Mathers is pregnant with her first child. The hip hop legend shared the news with fans via a touching new music video for his song “Temporary.” The exciting development comes less than five months after Hailie married longtime boyfriend Evan McClintock. Eminem and Hailie Mathers appear in the video for his song “Temporary.” (YouTube) In a scene that reminded fans of how far Em has come since his chaotic early days in the spotlight, the bride and her father took to the dance floor for a traditional first…

MoxiWorks has added two new positions in its leadership ranks, naming Ben Tao as MoxiWorks’ first chief marketing officer and Jackson Mayes as chief of staff. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. MoxiWorks has added two new positions in its leadership ranks, naming Ben Tao as its first chief marketing officer and Jackson…

Ann Morrow Johnson is the design director at Gensler, a leading architecture firm.Johnson also worked for Disney Imagineering, helping design some of its biggest attractions.She shared tips on how hopeful creatives can get the most coveted jobs. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. This as-told-to essay is based on a conversation with…