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  • Aug 22, 2024

Mexico City assembly OKs strongest rent control since the 1940s, limiting rises to inflation rate

The legislature of Mexico City approved the most ambitious rent control law since the 1940s Thursday, limiting rent increases to the rate of inflation in the previous year. Rents in the vast city of 9 million inhabitants were essentially frozen in the 1940s, and remained so for decades on older buildings. Mexico City, like many around the world, had seen complaints that rents were shooting up because of digital nomads and short-term rentals.

  • Aug 22, 2024

Fed’s Jackson Hole Conference Is Underway: Here’s What to Expect

(Bloomberg) -- The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming kicked off Thursday evening with a dinner filled with central bankers, economists and reporters from the around the world. Here’s what to expect from the three-day conference:Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe S

  • Aug 22, 2024

Oil Heads for Weekly Decline on Demand Concerns and Gaza Talks

(Bloomberg) -- Oil headed for a weekly loss — after hitting the lowest close since January midweek — on a challenging demand outlook, and US efforts to secure a cease-fire in Gaza.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoWest Texas Intermediate was steady near $73 a barrel, more th

  • Aug 22, 2024

Stocks, Bonds Fall as Traders Rethink Fed Velocity: Markets Wrap

(Bloomberg) -- Asian equities faced early declines on Friday after markets adjusted wagers on the pace of US interest-rate cuts ahead of Jerome Powell’s Jackson Hole appearance.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoStock futures for Japan, Australia and Hong Kong dropped, echoin

  • Aug 22, 2024

California woman fed up with stolen mail sends Apple AirTag to herself to catch thief

A Southern California woman fed up with her packages getting stolen out of her post office box sent an Apple AirTag to the address and cleverly tracked down the suspected thief, police said. The woman had had several items stolen from her mailbox at the Los Alamos Post Office already when she thought of the idea, the Santa Barbara County Sheriff’s Office said Tuesday. On Monday morning, sheriff's deputies were called to the post office where the woman told officials her mail had been stolen again — including the package with the AirTag.

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