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Tag: cut

Time to cut fantasy football bait with D’Andre Swift

Dear D'Andre Swift who are you? This doesn't mean your favorite color, the TV show you watch, or your biggest fear. Or rather, who are you as an NFL running back? It's obvious that we don't know, so I humbly ask. Another look back at the tumultuous relationship between us, the everyday fantasy football managers, […]

The Fed’s 50 Basis Point Cut Was a Mistake Driven by Political Pressure

Fed Rate Cuts: A Premature Mistake Caused by Politics The Fed's 50 basis point interest rate cut in September was not only premature; driven by political pressure. Last Friday's employment statistics revealed a misjudgment. 254,000 new jobs, unemployment rate down to 4.1%Rather than stagnate, the labor market is growing stronger. Wages rose 4% from a […]

BP ‘abandoning plan to cut oil output’ angers green groups | BP

Environmental groups are furious over reports that BP has scrapped its oil production cut targets for the next five years, accusing the company of putting profits ahead of the health of the planet. Campaigners including Greenpeace and Reclaim Finance condemned the move, which could see oil companies scrap plans to cut oil and gas production […]

Energy Giant Puts Goal To Drastically Cut Oil, Gas Production On Ice

European energy company BP has abandoned its pledge to cut oil and gas production by 2030, Reuters reported on Monday, as it seeks to boost investor confidence following a slide in its stock price. BP announces plans August 2020 Cut oil and gas production by 40% by 2030, before lowering the target to 25% in […]

J&R Music owner looking to sell former retail space after Fed cut

The iconic retail and office space at 15 Park Row, once home to J&R Music, is being put up for sale by owner Rachel Friedman as a 200-year condominium lease. The 15,186 square feet of office space on the second floor is leased to creative agency DBOX until November 2026, but all of the 19,327 […]

US dividend ETFs bask in investor attention after jumbo Fed rate cut – Yahoo Finance

Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]

Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’

Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]

EUR/GBP falls below 0.8400 due to rising likelihood of a rate cut by ECB – FXStreet

EUR/GBP stalled as falling eurozone inflation data increased the likelihood that the ECB would cut interest rates this month. The market reflects a 95% probability that the European Central Bank will cut interest rates by 25 basis points in October. According to the BoE's DMP survey, British businesses' inflation expectations for the year ahead fell […]