Yahoo Finance

Ballooning home prices and rising interest rates have made many hopeful first-time homeowners feel like buying a home is still not attainable. According to the Property Brothers, a lack of housing supply is the greatest factor preventing people from buying. https://yhoo.it/4fMCCRq

Coffee futures in New York climbed to the highest since 1997 on worries about crops in top growers, threatening to further raise costs for roasters and consumers. https://yhoo.it/4eRBVFc

Best Buy is preparing for President-elect Donald Trump's plans to implement new tariffs — and American shoppers are likely to suffer higher prices as a result. https://yhoo.it/49f6vXX

Nvidia has developed a new kind of artificial intelligence model that can create sound effects, change the way a person sounds, and generate music using natural language prompts. https://yhoo.it/3ATzrIv

Job openings for the month of September fell to their lowest level since January 2021, while the quits rate, a sign of confidence among workers, also dropped to 1.9%. https://yhoo.it/3VdUzA4

In the United States, Neuralink has already implanted the device in two patients. It has allowed the first patient to play video games, browse the internet, post on social media and move a cursor on his laptop. https://yhoo.it/4eT14yY

An employee responsible for small package delivery expense accounting intentionally made "erroneous accounting accrual entries" that hid nearly $132 million to $154 million from Q4 2021 through the fiscal quarter that ended Nov. 2, 2024, the company said. https://yhoo.it/41gFi54

Major US airline stocks have soared in recent months as Wall Street grows more bullish on increased revenue from route expansions and growing demand for premium travel. https://yhoo.it/4iaFCsg

Markets widely expect the Federal Reserve Board to cut interest rates for the third time this year at its December meeting. The question is what the central bank will do next year. Recent sticky inflation prints and evidence the US economy is growing at a solid pace have raised doubts that the Fed will bring down rates as quickly as it previously indicated. In September, the Fed's Summary of Economic Projections (SEP) projected four interest rate cuts next year. Markets are currently projecting roughly two cuts in 2025, per Bloomberg data. The Fed is scheduled to release an updated forecast on Dec. 18. While they differ on the specifics, Wall Street economists generally agree that the central bank's current rapid pace of rate cuts won't continue. "As we head into 2025, we're likely to see a slower pace of cutting going forward, where the Fed likely moves to an every other meeting sort of pace," Wells Fargo senior economist Sarah Watt House, whose team sees three interest rate cuts in 2025, said during a media roundtable on Nov. 21. More: https://lnkd.in/ebg3pq9Y

When NEON MONEY CLUB co-founder Luke Bailey launched his business, he kept a lot of ideas to himself. "I was quiet for a lot of my career because I thought the ideas I had in my head were crazy," says Bailey. Once he started talking, he noticed that people were listening to him and valued his thoughts. "Share your ideas. Speak up," he said. Entrepreneurship might not be for everyone, though. Bailey broke down why. More: https://lnkd.in/eEJzWZ5R