Trump granted reprieve as appeals court cuts $454M bond due Monday to $175M
Donald Trump was granted a partial suspended sentence Monday, significantly reducing the $454 million bail an appeals court had imposed on him in a New York civil fraud case. The court reduced the huge amount by about 62% to $175 million and gave him 10 days to come up with the funds. The embattled Republican […]
Budget cuts forcing us to be more creative, says head of Museum Wales | Wales
Museums in Wales need to focus less on their buildings and more on the great collections they hold and the diverse stories they tell, the chief executive who oversees them has said. Jane Richardson, Amgefa Shimul – Wales Museum, It said a £4.5m budget cut meant it might be better suited to close the site […]
High Tech Job Cuts Soar to Highest Level Since Dot-Com Crash
The once-thriving tech industry is now facing a harsh reality, with massive layoffs across the industry and tens of thousands of workers struggling to find new jobs. CNBC report The technology industry is facing its deepest job losses since the dot-com bust in 2001, with more than 50,000 jobs cut at more than 200 companies […]
Gold trades close to all-time highs as Fed reaffirms three rate cuts view – FXStreet
Gold prices plunge as the US dollar and bond yields recover. The Fed remains firm on its outlook for three rate cuts this year. The improving US economic outlook has allowed the US dollar to heal its wounds. Gold prices (XAU/USD) fell from new all-time highs near $2,220 early Thursday US time, amid a strong […]
Dow leaps 400 points to a record close as Fed vows rate cuts are on the way
Wall Street’s major stocks on Wednesday after the Federal Reserve eased investor fears by keeping borrowing costs unchanged and raising expectations that interest rates could be cut up to three times this year. The index closed at an all-time high. The Dow Jones Industrial Average rose 401.37 points, or 1%, to a record high of […]
JetBlue leaving 5 cities as it cuts unprofitable routes
Travel expert Mark Murphy joins Kabuto: Coast to Coast to break down the timeline of the Boeing 737 Max crisis and its impact on the travel industry. low cost airline jetblue plans to eliminate routes to five cities and reduce flights to Los Angeles in a bid to improve financial performance after a federal court […]
Fed Leaves Rates Unchanged But Still Sees Three Cuts This Year
Fed officials indicated they still expect to cut rates three times this year, but continued to say they would wait to cut rates until they had more convincing evidence that inflation was progressing. The Fed said in a statement at the end of its two-day monetary policy meeting: “Until there is greater confidence that inflation […]
Fed leaves rates unchanged, says three cuts still planned
The Fed chairman gave a speech following the central bank’s interest rate decision. With inflation remaining high for many Americans, the Fed kept interest rates on hold for the fifth straight time at its March meeting. Policymakers also said they remain committed to delivering three rate cuts this year, although plans for rate cuts may […]
Fed holds off on rate cuts after hot jobs, inflation data
A committee of Federal Reserve officials on Wednesday voted to keep interest rates at a 22-year high after unexpectedly high job growth and inflation delayed plans to cut interest rates. The Federal Open Market Committee (FOMC), the committee of Fed officials responsible for setting borrowing costs, voted to keep the benchmark interest rate in the […]
Fed keeps interest rates unchanged, still expects three cuts this year
The US Federal Reserve (Fed) left interest rates unchanged after its meeting on Wednesday. The move was widely expected after the central bank had warned that it “does not expect” rate cuts to be appropriate until it has greater confidence that inflation is sustainable. Towards 2%. ” Central bank officials have signaled they still expect […]