OEM boss worries fed probes could distract city leadership, undermine public safety: report
The emergency management director warned that the wave of federal investigations into the Adams administration could severely undermine the city's ability to keep New Yorkers safe. Commissioner Zach Iscol spoke bluntly on Friday during a private call with senior OEM officials about the possibility that this week's barrage of investigations and searches could be disruptive […]
Outraged heckler jeers NYC Mayor Eric Adams at Labor Day Parade over slew of fed probes on admin: ‘Come get him!’
During Saturday's Labor Day Parade, angry onlookers blasted Mayor Adams over a series of federal investigations into his administration, while Gov. Hockle and other politicians snubbed Mr. Hizzoner during the sparsely attended parade. “FBI, Mayor Adams is right there!” a female spectator yelled as the march crossed West 46th Street and Fifth Avenue. “He's here […]
Gold retreats from near record high as Fed rate cut speculation grows – FXStreet
Gold failed to break above the resistance of $2,531 and fell to close at $2,493 amid growing expectations of a Fed interest rate cut. U.S. nonfarm payrolls came in weaker than expected, but improving numbers and rising hourly wages raised uncertainty around a 25 or 50 basis point cut. Despite the decline in Treasury yields, […]
Barkley says WNBA ‘f***ed up’ Caitlin Clark opportunity
NBA Hall of Famer Charles Barkley slammed WNBA players for being “mean” toward rookie star Kaitlyn Clark. “Bill Simmons' PodcastFormer players said the WNBA, and especially its players, have handled Clark's rise to fame in the worst way possible. “These women, I'm a WNBA fan, but they couldn't have tried to ruin the Caitlin Clark […]
US adds 142K jobs in August, with Fed poised to cut rates
The U.S. added 142,000 jobs in August, and the unemployment rate fell to 4.2%, according to data released Friday by the Labor Department. The new report is in line with economists' forecasts of 161,000 jobs and an unemployment rate of 4.2 percent, and will be closely watched as the Federal Reserve prepares to cut interest […]
Fed interest rate cuts won’t help your credit card debt
Former CEO of the Federal Reserve Bank of St. Louis James Bullard discusses interest rate cuts and the labor market on “The Craman Countdown.” Wall Street and Main Street are poised to usher in the fall with the first interest rate cut since March 2020, when the COVID-19 pandemic began, raising hopes of lower borrowing […]
Residents fed up with crime in Adams Morgan | FOX 5 DC
Residents living in Northwest D.C. are fed up with the ongoing crime. Now, there’s a push to recall Ward 1 Councilmember … source
Dow hits record close again as inflation data raises hopes of Fed rate cut
Wall Street closed higher on Friday, with the Dow Jones Industrial Average surging more than 200 points to close at another record high, as the latest U.S. economic data stoked hopes that the Federal Reserve will deliver a small interest rate cut in September. The Dow Jones Industrial Average rose 0.6% to 41,563.08 after hitting […]
Inflation measure closely watched by the Fed rises 2.5% in July
Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, joins “Mornings with Maria” to share his thoughts on some of the headlines in the U.S. economy. The inflation indicator is Federal Reserve System It rose slightly in July as rising prices continue to weigh heavily on millions of Americans. The Commerce Department said Friday […]
Inflation holds steady as Fed nears rate cuts
Inflation held steady in July as U.S. households increased spending and saw their incomes rise slightly, according to data released Friday by the Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred way of measuring inflation, rose 0.2% last month and 2.5% over the past year. Both the monthly […]