The Fed May Not Cut Until November
Jerome Powell’s Uncut Thunderbolt Groucho Marx famously said: Don’t join his club. But what happens when a club joins you? We have been discussing the following since early December: Economic growth was too strong to justify rate cuts In the first quarter of this year. The unemployment rate remained extremely low, and consumer spending was […]
Deutsche Bank to cut 3,500 jobs as quarterly profit plunges 30% on hit to US real estate
Deutsche Bank said Thursday it plans to cut 3,500 jobs after reporting a 30% drop in fourth-quarter profit that included significant losses on its U.S. real estate holdings. The job cuts come after Germany’s leading bank hired 300 front office staff in the three months to December 31, but the company’s CEO Christian Sewing said […]
OnlyFans follower offers Paige VanZant $50K to cut her hair
safety first. Former UFC star Paige VanZant considered a $50,000 offer just to cut her hair into a bob on OnlyFans, but additional requests made her worry about her health. “I had a request on OnlyFans,” VanZant said in her and husband Austin Vanderford’s latest post. Podcast “Kick-Ass Love Story”. “Someone wrote me a letter […]
Fed declines to cut rates as inflation, consumer confidence improve
The US Federal Reserve (Fed) kept interest rates on hold on Wednesday after its first monetary policy meeting of the year. After months of strong economic data and slowing inflation, the Federal Open Market Committee (FOMC) left its benchmark interest rate unchanged at 5.25% to 5.5%. The decision was widely expected, but Fed watchers will […]
Fed likely to shed light on interest-rate cut timeline at January meeting
Rick Rieder, BlackRock’s global fixed income CIO, said investors should buy high-quality fixed income assets in the five-year portion of the yield curve in The Craman Countdown. After nearly two years of battling high inflation; federal reserve We may finally be on the brink of lowering interest rates. Fed officials are widely expected to keep […]
GM to cut spending on robotaxi unit Cruise in half
CyberGuy’s Kurt Knutsson joins “The Big Money Show” to discuss San Francisco’s new law allowing self-driving car tickets. general motors The company announced Tuesday that it will cut spending on its robotaxis division Cruise by half, or about $1 billion, in 2024. The company is looking to refocus the division after a pedestrian accident temporarily […]
UPS to cut 12,000 jobs as delivery demand slows
UPS announced plans to cut 12,000 jobs this year due to weak shipping volumes, a plan the shipping giant says will save the company $1 billion. The company announced at its financial results conference on Tuesday that average daily domestic shipments decreased by 7.4% and domestic shipments decreased by 8.3%. UPS announced fourth-quarter sales of […]
Democratic senators call on Fed to cut interest rates over high housing costs
Several Democratic senators on Sunday called on the Federal Reserve to cut interest rates, arguing that rate cuts are “exacerbating this country’s persistent crisis in housing access and affordability.” In a letter to Federal Reserve Chairman Jerome Powell, Sen. Elizabeth Warren (D-Mass.), Sen. John Hickenlooper (D-Colorado), Sen. Jacky Rosen (D-Nevada), and Sen. Sheldon Sen. Whitehouse […]
Whitmer’s payroll tax cut plan could already be in trouble – MLive.com
Lansing, Michigan — When Gov. Gretchen Whitmer's State of the State address on Jan. 24 mentioned a proposed payroll tax cut, Rep. Dylan Wiguera cringed at the idea. The Garden City Democrat told MLive on Thursday that he would not vote for the plan if it goes to the House, slamming the effort as “Reagan-era […]
96-year-old WWII vet finally receives high school diploma after draft cut his senior year short
The 96-year-old World War II veteran finally got his high school diploma (complete with graduation cap and tassel), decades after his final year was cut short by the draft. Arthur Masterson of Warwick, Rhode Island, was surprised when he received an official letter from his East Greenwich school as a Christmas present from his family. […]