Fed’s preferred inflation gauge ticked up in July as likely interest cut looms
The Federal Reserve's preferred measure of inflation rose slightly last month and consumer spending also grew robustly, suggesting the economy remains strong and providing a case for the central bank to oppose a half-percentage-point interest rate cut next month. The Commerce Department said on Friday that the personal consumption expenditures (PCE) price index rose 0.2% […]
Biden used video from visits to military cemeteries to cut campaign ads
President Joe Biden used video and photos from his visit to a military cemetery in a campaign ad against former President Donald Trump, something Democrats and mainstream media criticized Trump for doing during a visit to Arlington National Cemetery. President Trump visited the military cemetery on Monday to take part in a ceremony honoring the […]
Foot Locker ditching NYC for St. Petersburg, Florida to cut high costs: ‘Efficiencies’
Foot Locker said Wednesday it is moving its headquarters from New York City to Florida to escape the high costs of the New York state, the sneaker retailer said in a statement. “We have decided to relocate our headquarters to St. Petersburg, Florida to better support our strategic advancements, enhance team member collaboration and achieve […]
Chiefs trim roster and cut ties with Kadarius Toney after roller-coaster tenure
2021 first-round draft pick Kadarius Toney will not be in a Kansas City Chiefs uniform when the NFL regular season begins next month. The back-to-back Super Bowl champions cut their roster to 53 players before Tuesday's deadline and waived the wide receiver, NFL Network reported. Toney had an up-and-down tenure with the Chiefs and entered […]
Gold price gains ground near the all-time high amid geopolitical risks, Fed rate cut bets – FXStreet
Gold prices continued to rise in Asian markets on Wednesday. The worsening situation in the Middle East and a dovish stance from the Federal Reserve are supporting gold prices. Traders are awaiting speeches from Waller and Bostic on Wednesday. Gold prices (XAU/USD) rose above $2,500 per troy ounce on Wednesday, buoyed by rising geopolitical tensions […]
Mike White signs with Bills practice squad after Dolphins cut
Mike White will add another AFC East team to his collection. White, who was waived by the Dolphins on Monday, signed a contract to join the Bills' practice squad, NFL Network reported. Tom Pelissero reports. this is ESPN's Field Yates: White After becoming a free agent, he visited Buffalo. Mike White warms up before a […]
CNN’s Elie Honig Reveals Reason Jack Smith ‘Cut Back’ Trump Election Case In Superseding Indictment
CNN legal analyst Ellie Honig said Tuesday that special counsel Jack Smith has “scaled back” his election case against Republican candidate Donald Trump following the U.S. Supreme Court's ruling on presidential immunity. Smith on Tuesday filed an additional indictment containing the same four charges originally handed down on Aug. 1, 2023, related to alleged interference […]
Currencies tread water as Middle East risks temper rate cut optimism By Reuters – Investing.com
By Ray Wee SINGAPORE (Reuters) – The dollar and yen fell on Tuesday, giving back some of the safe-haven gains they had made earlier in the week, after a major missile attack between Israel and Hezbollah raised fears of further escalation of tensions. An impending US interest rate cut also remained top of mind for […]
Gold price loses ground despite rising Fed rate cut bets, geopolitical risks – FXStreet
Gold prices attracted sellers in Asian markets on Tuesday. Growing expectations of a U.S. interest rate cut this year and escalating geopolitical conflicts may limit gold’s declines. Investors will be closely watching the U.S. central bank’s consumer confidence and home price index data due on Tuesday. Gold prices (XAU/USD) are trading in negative territory due […]
Rate Cut Euphoria Fades as Oil Prices Jump 3.5% – OilPrice.com
U.S. futures started the week with a modest gain, with small caps leading the way. Last week’s gains were fueled by investor enthusiasm after Fed Chairman Jerome Powell’s dovish tone at Jackson Hole, which spurred investors to buy stocks, but the momentum has since faded. As of 8 a.m. ET, S&P 500 futures were up […]