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Dow plunges over 600 points as chance of Fed rate cut diminishes

Shares fell on Thursday, even though Nvidia’s strong earnings forecast helped lift the stock, overshadowed by economic data that showed inflation remains a concern. The Dow Jones Industrial Average fell 605.78 points, or 1.5%, to 39,065.26, its worst day in 2024. The S&P 500 fell 0.7% and the Nasdaq fell 0.4%. Nvidia shares soared 9% […]

Target profits miss as inflation forces shoppers to cut spending

Inflation has been eating into Target’s profits, sending the company’s shares falling as much as 10 percent, as the “cheap chic” discount retailer revealed that customers are buying less groceries and discretionary items. The Minneapolis-based retailer reported a fourth quarter that fell short of Wall Street expectations on Wednesday. This was a further blow to […]

Fed officials worried inflation too stubborn to justify rate cut

After several periods of unexpectedly high inflation, Federal Reserve officials said at a meeting earlier this month that inflation was high enough to justify cutting key interest rates, currently at 23-year highs. concluded that it would take longer than previously thought for things to settle down. Officials also discussed whether policy rates were having a […]

Fed unlikely to cut rates this year

Goldman Sachs Chief Executive David Solomon said Wednesday he doesn’t expect the Federal Reserve to cut interest rates this year. “I’m still at zero cuts,” Solomon said at the Boston University event. “I think we’re set for more sticky inflation.” His comments came after Federal Reserve policymakers said on Tuesday that the central bank should […]

Offshore Wind Is Neither Clean, Nor Green And Doesn’t Cut CO2 Emissions

America is preparing to spend trillions of taxpayer and ratepayer dollars to install thousands of offshore wind turbines – for illusory benefits. Advocates claim offshore wind energy is clean and sustainable. Wind itself certainly is, but that doesn’t mean getting energy from wind is. Relying on the wind just to provide electricity to power New […]

John Wayne Bobbitt says women cut off their partners’ penises out of ‘jealousy,’ unfulfilled ‘childhood dreams’ in response to grisly Colorado murder

John Wayne Bobbitt, who gained notoriety in 1993 after his then-wife cut off his penis, said women attack their genitals because they are distraught. “When women do things like this, it’s because of jealousy, rejection, abandonment, or infidelity,” Bobbitt told the Post after learning about the case of Shenting Guo, a Colorado woman. . cut […]

Tiger Woods misses PGA Championship cut after disastrous Day 2 start

LOUISVILLE, Ky. — Friday marked the second consecutive scoring day at the PGA Championship at Valhalla. Many players took advantage of the windless and wet conditions and posted rounds below par with red numbers. Tiger Woods, the 2000 PGA winner at Valhalla, was not among them. On the second day of the PGA Championship, Tiger […]

Tiger Woods will miss cut at PGA Championship after 2 triple bogeys in 3-hole span

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