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Leon Rose, Knicks still deserve trust after Karl-Anthony Towns stunner

Well, tell Leon Rose this. He showed once again that he is not content to sit back and let good emotions and happy vibes drive the team forward. We've seen a lot that he doesn't believe in magical thinking and just hopes for the best. Sometimes you have to shake things up and rattle your […]

Fed’s preferred inflation gauge rose 2.2% last month

Inflation showed signs of cooling further on Friday, as Wall Street began pricing in further interest rate cuts from the Federal Reserve. The Personal Consumption Expenditures Price Index (PCE), the Federal Reserve's preferred inflation measure, showed that prices for goods and services rose 2.2% last month, lower than the 2.3% year-over-year rate expected by economists. […]

Tom Thibodeau pens emotional goodbye to Derrick Rose

Knicks head coach Tom Thibodeau paid tribute to the career of Derrick Rose on Thursday in a statement released by the team after the veteran NBA guard announced his retirement earlier in the day. Rose, 35, thanked local fans in a social media post Thursday morning, including The New York Times, Chicago Tribune, Commercial Appeal, […]

Derrick Rose, former NBA MVP, retires after 15 seasons

Derrick Rose is retiring after 15 NBA seasons. The former Knicks point guard announced his retirement on Instagram on Thursday, posting a photo of himself holding a newspaper with a love letter to basketball on it. “The next chapter is about chasing my dreams and sharing my growth.” Rose told The Athletic.. “I believe true […]

Retail Sales Unexpectedly Rose in August, Lowering Chances of a Bigger Rate Cut

U.S. consumers unexpectedly increased spending in August, defying expectations that a softening labor market would dampen retail purchases. Retail sales rose 0.1% in August, Commerce Department data released Tuesday showed, after an upward revision to a 1.1% increase the previous month. While rising sales are unlikely to derail the Federal Reserve's plans to cut interest […]