Happy Friday – and have a great weekend – MarketWatchers! Don’t miss these top stories:
Trump rollback on lightbulbs will cost consumers and hurt the environment, lawsuit says
Stores were supposed to stop selling traditional incandescent bulbs in January 2020.
3 reasons Americans are falling out of love with paper
Xerox considers acquiring HP, but your printer may be gathering dust.
Fewer homeowners are burdened by housing costs — but there’s a big catch
Owning a home doesn’t eat up as much of Americans’ income as it once did.
Mortgage rates fall after 3 straight weeks of increases
Rates had risen in recent weeks as a more optimistic picture of the U.S. economy emerged.
Apple, Facebook, Google and Amazon are putting billions of dollars toward affordable housing — but that money may be too little, too late
Housing prices have skyrocketed in cities like San Francisco and Seattle, and tech companies are scrambling to ensure there’s an affordable place to live for their workforces.
Weekend reads: Is this 31-year-old a freeloader?
This week: early retirement locations, Tesla and the dinosaurs and a Social Security decision.
My friend asked me to be her maid of honor but didn’t invite me to her wedding — am I expected to buy her a gift?
‘She didn’t outright tell me that she no longer wants me as a maid of honor.’
Smoking could heighten your risk of depression and schizophrenia
‘Individuals with mental illness are often overlooked in our efforts to reduce smoking prevalence, leading to health inequalities.’
The 10 coolest things about the new 2020 Land Rover Defender
It’s an impressive vehicle for both on- and off-road use, still retaining much of the spirit of the original.
In addition to helping blood pressure and cardiovascular health, deep sleep may play a role in preventing Alzheimer’s disease
A new study in the peer-reviewed journal Science says cerebrospinal fluid during non–rapid eye movement sleep clears metabolic waste products from the brain.
Elsewhere on MarketWatch
Inflation inequality deepens wage losses for America’s poorest
Poor and working-class Americans experience substantially higher inflation rates than the well-to-do, further exacerbating an already obscene wealth gap.
The Fed cut rates just in the nick of time, award-winning forecaster says
Anyone who’s been on a committee knows what an incredible feat Fed Chair Jerome Powell just pulled off in getting the Federal Open Market Committee to change course 180 degrees, says Chris Low, the MarketWatch Forecaster of the Month.
Fed can no longer ignore the economic ‘shocks’ of climate change, Brainard says
Climate change poses just the kind of “shock” to the economy that she and colleagues can no longer just ignore, Federal Reserve Gov. Lael Brainard said Friday at a first-of-its-kind Fed summit in San Francisco.
George Soros worries about totalitarian resurgence on 30th anniversary of Iron Curtain’s demise
The collapse of the Berlin Wall 30 years ago heralded the triumph of open societies and the end of one form of totalitarianism, but brutish and nasty nationalism is now ascendent across the world, writes George Soros.
The world’s billionaires lost $388 billion last year
Billionaire wealth dropped globally for the first time in 15 years.
Michael Bloomberg, presidential nominee? Not for the ‘party of wealth taxes,’ analyst says
Michael Bloomberg is testing the waters for a Democratic presidential run, and at least one analyst thinks he could sink like a stone if he takes the plunge.
Don’t count on investors’ cash coming off the sidelines to boost stock prices
Institutions and individuals have made a huge move into bonds, writes Howard Gold.
Bond mutual funds may hold riskier holdings than reported, NBER study finds
A report by the National Bureau of Economic Research found that roughly 30% of all bond mutual funds contain riskier holdings than what is being reflected by Morningstar, Inc’s rankings, resulting in ‘overly safe’ assessments of their holdings