Stocks rise, dollar flat on solid data and rate cut prospects – Yahoo Finance
By Isla Binney and Caroline Valetkevich NEW YORK (Reuters) – Global stock indexes were mostly higher on Tuesday and the dollar strengthened against the yen as strong U.S. retail sales data supported expectations that the Federal Reserve will ease interest rates to tame inflation while avoiding a recession. Data showed retail sales in June were […]
Dollar steadies as Sept rate cut back in focus, yen wobbles By Reuters – Investing.com
Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up from a five-week low on Tuesday as investors weighed the possibility of a September interest rate cut following comments from Federal Reserve Chairman Jerome Powell and pondered the growing chances of former U.S. President Donald Trump being re-elected. The Japanese yen came under pressure again as […]
No Rate Cut in July—It’s Too Soon
Goldman Sachs’ economics chief argues for rate cut in July There was brief interest Monday morning in the idea that the Federal Reserve might cut interest rates at its July meeting. Federal Reserve Chairman Jerome Powell effectively rejected the idea. Monday afternoon. Jan Hatzius, chief economist and head of global investment research at Goldman Sachs, […]
Fed’s Powell says officials won’t wait until inflation reaches 2% to cut rates
Gabriela Santos, chief market strategist at JPMorgan Asset Management, analyzes the Fed’s decision-making on “Clamant Countdown.” Chairman of the Federal Reserve System Jerome Powell The Fed chairman said Monday that policymakers are not going to wait until inflation falls to 2% before cutting interest rates. “What that means is that waiting until inflation gets down […]
Kids’ play time with screens should be cut to this many hours a week: study
Less screen time means less bad behavior. Parents can see big improvements in their children’s mental health and behavior by reducing their recreational screen time to three hours a week in just two weeks, a new study finds. Published in JAMA Network Open. Reducing a child’s leisure-time screen time to three hours per week could […]
Rickie Fowler, Jordan Spieth among the popular players that will miss the cut at the Scottish Open
The Genesis Scottish Open has completed two rounds, with half of the field heading home early. Some big names are not playing this weekend. Ludvig Oberg is in strong form and is one stroke behind Antoine Rosner going into the moving day. Lim Sung-jae and Matteo Manassero are at 10 under and six golfers are […]
Jalen Brunson’s $113 million Knicks’ pay cut puts a price on happiness
Jalen Brunson is New York Knicks Build the best team possible. Brunson and the Knicks agreed to a four-year, $156 million contract extension on Friday. According to ESPN’s Adrian Wojnarowski,Brunson could have signed an extension through next year for another $113 million if he wanted to. The point guard would have been eligible to sign […]
Phillies cut three-time All-Star Whit Merrifield in $8M failure
This is not what the Phillies envisioned when they signed Whit Merrifield to a one-year, $8 million contract during the offseason. But the three-time All-Star has struggled so much that the MLB-powerhouse Phillies had no choice but to release him on Friday, recalling utility pitcher Weston Wilson from Triple-A instead. The 35-year-old Merrifield was an […]
UFC fighter Tracy Cortez has to cut off hair to make weight
Fighters’ weight loss methods include saunas, fasting, exercise and apparently even cutting their hair. Ahead of UFC Fight Night in Denver on Saturday, women’s flyweight competitor Tracy Cortez has chopped off a significant amount of her hair in order to make the 126-pound limit. Cortez reportedly clocked in at 127 and 126.5 pounds at her […]
Abdul Razak Alhassan: I’d cut off my leg to go to America
Ghanaian UFC fighter Abdul Razak Alhassan has defended fellow African fighters who have been criticized for leaving the continent to succeed, likening his own desire to succeed to being willing to amputate a limb for a chance to get to America. Alhassan was taking part in a UFC pre-event press conference when a reporter asked […]