Stock market today: Wall Street holds firm after inflation data clears the path for cuts to rates – Yahoo Finance
NEW YORK (AP) — Wall Street was relatively stable on Wednesday. Inflation update That was roughly in line with economists’ expectations. The S&P 500 was up 0.3% in midday trading. One of the best days of the yearThe Dow Jones Industrial Average was up 184 points, or 0.5%, as of 11:35 a.m. Eastern time, while […]
Who I think will make Jets’ Week 1 roster — and toughest cuts
The hot days of training camp continue. The Jets have two weeks of camp remaining, with two more joint practices with the Panthers and Giants, plus preseason games against both teams. Now seems like a great time to make some 53-man roster predictions. Here we go: QB (2): Aaron Rodgers, Tyrod Taylor Jordan Travis still […]
Reserve Bank of New Zealand cuts cash rate by 25 basis points – CNBC
A security guard stands at the main entrance of the Reserve Bank of New Zealand in downtown Wellington, New Zealand on July 3, 2017. David Gray | Reuters The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, who […]
Oil prices dip as OPEC cuts demand forecast, economic cues awaited – Investing.com
Investing.com — Oil prices fell in Asia on Tuesday, reversing last week’s rebound as caution mounted over a string of economic data this week and OPEC’s cut to its 2024 demand growth forecast. Prices have rebounded sharply from more than seven-month lows as traders charged a higher risk premium to crude on fears of an […]
Schumer says he will work to block cuts of CDC's budget
Senate Majority Leader Chuck Schumer (D-N.Y.) will try to block a Republican-backed plan to cut parts of the Centers for Disease Control and Prevention (CDC) budget. he told The Associated Press. On Sunday, it argued that such a move could put public health at risk. of House version The 2025 budget for the CDC and […]
Wedding giant The Knot Worldwide cuts 4% of workforce in restructuring
Wedding-planning giant Knot Worldwide cut about 4% of its global workforce this week as part of an internal restructuring, according to information obtained by The Washington Post. About 100 employees in The Knot’s sales and marketing departments have been laid off, according to a person familiar with the matter. The company began notifying affected employees […]
Brazil cuts ties with Nicaragua as it rethinks links with leftist authoritarians | Brazil
Brazil and Nicaragua have expelled each other’s ambassadors in a tit-for-tat diplomatic spat, and Brazilian President Luiz Inacio Lula da Silva appears to be reconsidering his approach to the authoritarian leftist ruler once seen as an ally. The pair’s ouster this week comes amid rising tensions between Lula and another supposedly progressive leader, Venezuelan President […]
Goldman Sachs CEO David Solomon predicts Federal reserve won’t make emergency rate cuts
Goldman Sachs CEO David Solomon said the Federal Reserve will not make an emergency interest rate cut before the central bank’s September meeting, despite Monday’s Wall Street sell-off over growing recession risks. “I don’t think we’ll see anything by September.” Solomon said in an interview on Bloomberg’s “The David Rubenstein Show: Peer-to-Peer Conversations.” Goldman Sachs […]
Scandal-plagued Illinois mayor boots residents from public meeting as town cuts off government credit card
Residents of Dolton, Illinois, demanded an explanation from embattled Mayor Tiffany Henyard while attending a contentious board meeting Monday night. Residents expressed dissatisfaction with the way the village is being run and also questioned government spending during the meeting, which was filled with interruptions, disruptions, shouting and walkouts. Dolton police and Cook County sheriff’s deputies […]
Axios cuts roughly 50 positions amid ‘changing’ media landscape: ‘Painful but necessary’
News site Axios is cutting about 50 jobs in light of uncertainty in the media industry, Axios co-founder and CEO Jim VandeHei said on Tuesday. In a memo to employees, Axios’ CEO said the company needed to make “difficult changes” to adapt to a changing environment. “We are making difficult changes to quickly adapt to […]