What’s Next for the Fed After the September Blunder?
Will the Fed double down on September's failure? September's jobs report was a shock to the system and upended expectations about the Fed's next move. With 254,000 jobs added in September, well above the 140,000 expected, and the unemployment rate falling to 4.1 percent, one thing becomes clear. The labor market has not weakened significantly. […]
Dollar keeps poise ahead of Fed minutes, kiwi falls after big rate cut By Reuters – Investing.com
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday, offering some relief to the yen and other major currencies after surging to seven-week highs last week as investors took a break to assess the outlook for U.S. interest rates. It gave me a feeling. The New Zealand dollar fell to $0.60705, […]
Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut – Yahoo Finance
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday as investors paused to assess the outlook for the path of U.S. interest rates, adding some support to the yen and other major currencies, which soared to a seven-week high last week. It gave me a sense of relief. The New Zealand […]
Teamsters boss goes scorched-earth on Democratic Party: ‘They have f***ed us over for the last 40 years’
Sean O'Brien, president of the International Brotherhood of Teamsters, identifies as a Democrat and has made no secret of his antipathy towards some parts of the Republican Party in recent years. However, Mr. O'Brien overwhelming majority of teamster –Democrats recognize that they should be even more outraged. He spoke on the show with comedian Theo […]
J&R Music owner looking to sell former retail space after Fed cut
The iconic retail and office space at 15 Park Row, once home to J&R Music, is being put up for sale by owner Rachel Friedman as a 200-year condominium lease. The 15,186 square feet of office space on the second floor is leased to creative agency DBOX until November 2026, but all of the 19,327 […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut By Reuters – Investing.com
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
Voters Show They’re Fed Up With Crime In Poll On Blue State Proposition
California voters overwhelmingly support Proposition 36, a bill that increases penalties for certain drug and property crimes, according to a poll released Friday by the Institute for Governmental Studies (IGS). A poll conducted by Berkeley IGS shows strong support for the proposal among Californians, with 60% of likely voters supporting it as the November 5th […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut – Yahoo Finance
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
Fed made ‘mistake’ slashing rates by half a point: Larry Summers
Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” Employers added 254,000 jobs in September, well above the 140,000 increase expected by economists at LSEG, and the unemployment rate fell slightly from a month earlier to 4.1%, the Labor Department said. In response to […]
Biden says Hurricane Helene-hit states ‘very happy’ about fed aid after expressing confusion about ‘which storm’
WASHINGTON – President Biden concluded his second day of touring the damage from Hurricane Helen on Thursday, saying those affected were “very satisfied” with the federal government's response despite widespread criticism. . He then paused for a moment to ask about what the reporter said was trying to figure out “which storm.” Republican critics have […]