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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 […]

Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’

Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. 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.” This follows a Labor Department report showing that employers […]

‘Iran Has Made a Big Mistake Tonight, and Will Pay for It’

Israeli Prime Minister Benjamin Netanyahu issued a statement Tuesday evening at a security cabinet meeting. Kiriyathe military command in Tel Aviv warned, “Iran made a big mistake tonight and will pay the price.” Prime Minister Benjamin Netanyahu made the remarks shortly after Iran fired hundreds of missiles into central and southern Israel, nearly all of […]

The Worst Mistake Of Joe Biden’s Career Becomes Clear

The worst failure of President Joe Biden's career, revealed this week, should serve as a wake-up call to young people. Uncle Joe's political career is over. His legacy is already lost. And it showed this week. First lady Jill Biden sat at the head of the table at the first official Cabinet meeting in more […]

Mariners’ Victor Robles did Yankees huge favor with egregious mistake

There's a new baseball saying: Don't attempt to steal home with the bases loaded and a 3-0 count against a pitcher who can't find the strike zone. Mariners pitcher Victor Robles became a late entrant into the “Dumbest Play of the Year” competition on Tuesday night, when he relieved Yankees starter Luis Gil by attempting […]

Cardinals admit massive Marvin Harrison Jr. mistake from Week 1

It's never a good development for a team's top-five pick to finish his first game with the same number of yards as his draft position. But Cardinals wide receiver Marvin Harrison Jr., the No. 4 pick in the 2024 NFL Draft, finished Week 1 with an astounding one catch for four yards on just three […]

‘Absolutely Disastrous’: Frank Luntz Says Trump’s ‘Contempt’ Toward Harris During Debate Might’ve Been ‘Fatal Mistake’

Pollster Frank Luntz said Wednesday that the disdain former President Donald Trump showed toward Vice President Kamala Harris during Tuesday's debate may have derailed his campaign. Trump is almost Look While staring at Harris during the ABC News debate, the former president responded to a message leaked to Luntz by British journalist Piers Morgan:Piers Morgan […]