The Federal Reserve’s interest rate decisions can influence the trajectory of the U.S. economy.”The U.S. economy’s stature is one of the key drivers of the importance of the Fed,” said Gregory Daco, chief economist at EY-Parthenon. “The [U.S.] economy remains one of the largest economies in the world, and certainly of late, one of the ones that’s been fastest growing.”At its September meeting, the Federal Open Market Committee, decided to reduce the target range of its widely impactful federal funds rate. Changes to the Fed’s interest rate can influence the cost of loan products such as mortgages and the value…
Author: usaeverydaylife
Gotham FC, the reigning NWSL champion, will be the first NWSL team to visit the White House for a championship celebration. President Joe Biden will welcome the team on Monday, reuniting most of last season’s squad — including Ali Krieger, who retired at the end of the year.“This is such a monumental moment for the NWSL,” Krieger told The Athletic. “I’m so excited the NWSL is getting recognition at the White House and that we’re the very first NWSL championship team to celebrate. This is going to be such a great moment for the team and for us as a…
The Federal Reserve’s interest rate cut will give a boost to these stocks, according to UBS. The central bank is set to release its latest policy decision Wednesday at 2 p.m. ET, with markets pricing in a half-percentage point cut as the most likely outcome. The CME FedWatch Tool last showed a 59% chance of a 50 basis point reduction. It’s a move that investors anticipate will relieve companies that have been contending with higher borrowing costs and inflation, boosting their bottom lines. UBS strategist Patrick Palfrey identified stocks that have historically outperformed when the Fed lowers interest rates, a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyRichard Bernstein’s Michael Contopoulos joins the ‘Fast Money’ traders with reaction to today’s Federal Reserve rate decision.02:4412 minutes ago Source link
Nico Iamaleava, #8 of the Tennessee Volunteers, warms up prior to the Duke’s Mayo Classic against the NC State Wolfpack at Bank of America Stadium in Charlotte, North Carolina, on Sept. 7, 2024.Jared C. Tilton | Getty ImagesThe University of Tennessee is raising its season ticket prices by 10% across all its sports to prepare for athletes starting to get a cut of the school’s sports revenue, according to an email sent to football season ticket holders on Tuesday.Tennessee is calling its hike a “talent fee,” and said it “will help fund the proposed revenue share for our student-athletes,” according…
In the old days, they were known as big plays. Or maybe long plays. It’s not clear when, or why, football people started to refer to them as “explosive plays” or just “explosives.” It was probably around the time football people started referring to position groups as “rooms.”The football people also can’t quite agree on what defines an explosive play, because there is no official definition: Some use 15-yard runs and 20-yard passes. Others use less.“People tend to slant those to whichever one is favorable to them,” Georgia coach Kirby Smart said last year.There has been a growing consensus, however,…
With the Federal Reserve finally cutting rates for the first time, the attention turns to how many additional cuts to expect, how deep the future cuts will be and what that means for us as investors. Indeed, tracking CPI, PPI and the other various economic reports we see every month matters. Traders instantly react to the data (sometimes wildly so), especially when the actual numbers are distinctly different than estimates. However, the market in aggregate is a forward-looking mechanism, thus, prices will move in anticipation of an event or trend, sometimes way before said event or trend even starts to…
Republican presidential nominee and former U.S. President Donald Trump looks down on the day he attends a press conference at Trump National Golf Club in Rancho Palos Verdes, California, on Sept. 13, 2024.David Swanson | ReutersShares of Trump Media closed Wednesday at a new post-merger low, on the eve of the expiration of “lockup” restrictions that have barred the Truth Social owners’ insiders, like majority shareholder Donald Trump, from selling their stakes.Trump Media stock fell 3.22% on relatively light trading, to close at $15.62 a share. At Wednesday’s closing stock price, the company had a market capitalization of $3.126 billion.Trump…
Former film producer Harvey Weinstein appears in court in New York, U.S., September 18, 2024.Jeenah Moon | ReutersHarvey Weinstein pleaded not guilty Wednesday to a new sex crime charge in New York, as he awaits retrial in his landmark #MeToo case.Details of the new allegations were not immediately available. He was charged with committing a criminal sex act.The jailed ex-movie mogul has long maintained that any sexual activity was consensual.Prosecutors revealed last week that Weinstein had been indicted on additional sex crime charges that weren’t part of the case that led to his now-overturned 2020 conviction. But the new indictment was sealed until his…
Veo in Dream ScreenYouTubeYouTube on Wednesday announced artificial-intelligence features for creators on its Shorts platform that tap into Google’s DeepMind video-generation model.The features, known as Veo, will allow creators to add AI-generated backgrounds to their videos as well as use written prompts to generate standalone, six-second video clips. YouTube CEO Neal Mohan said he hopes Veo will enable creators to produce more Shorts videos with the help of AI.”Everything that we showed with AI was meant to really enhance the work that you do, make it faster, more efficient, to bring your creative ideas to life faster,” said Mohan, speaking…
