With a new Federal Reserve chair, can we expect a “Fed put” to promote stability in financial markets? Plus, teen jobs, home building, prediction markets, rush hour, and cowboy boots.
Federal Reserve Chair Kevin Warsh speaks to reporters during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC.
Single-family home construction spending is down 4% from last May, according to new Census Bureau data, as elevated mortgage rates and affordability pressures drag down demand.
Critics have called it unethical and pointed out that people might start fires to collect on bets. On the other hand, prediction markets can highlight risk and change behaviors in the real world.