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Fed may not cut rates at all this year: Broadleaf's Doug Mackay
  + stars: | 2024-05-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed may not cut rates at all this year: Broadleaf's Doug MackayDoug Mackay, Broadleaf Partners CIO, joins 'Power Lunch' to discuss the Fed, earnings, tomorrow's jobs report, and what it means for the market.
Persons: Doug Mackay Doug Mackay Organizations: Partners
CNN —In his current form, it almost feels like nothing can stop Scottie Scheffler from clinching his second Masters crown – yet the world No. Speaking after his historic win, Scheffler dished out special praise to his support system at home in Dallas. Scheffler kisses his wife Meredith after clinching his first major title at Augusta National in 2021. David J. Phillip/APBurns joins Scheffler on baby watchScheffler isn’t the only player on baby alert – so too is friend and this week’s roommate Sam Burns. Phil Mickelson’s caddie Jim Mackay carried a beeper around all 72 holes of the 1999 US Open in case the golfer’s wife Amy went into labor.
Persons: CNN —, Scottie Scheffler, Bryson DeChambeau, Scheffler, , Meredith, ” Scheffler, Sara caddied, , Arnold Palmer, Mike Ehrmann, Xander Schauffele, Rory McIlroy, David J, Phillip, AP Burns, Sam Burns, Burns, Caroline, “ It’s, ” Burns, Jamie Squire, Phil Mickelson’s caddie Jim Mackay, Amy, Mickelson agonizingly, Payne Stewart, Mickelson –, Organizations: CNN, Augusta National, Arnold Palmer Invitational Locations: Augusta, Dallas
Interest in universal basic income has grown due to the pandemic, Elon Musk, Sam Altman, and economic pain. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementYet a common question and concern about UBI remains how people spend the money. Related storiesThe Guaranteed Income Pilots Dashboard , a joint project from the Stanford Basic Income Lab and the Center for Guaranteed Income Research, pulls together data from more than 30 pilot programs in the US involving nearly 8,300 participants. GiveDirectly, a nonprofit, is providing universal basic income to 20,000 people across 200-odd royal villages in Kenya over 12 years.
Persons: Elon Musk, Sam Altman, , It's, Karl Widerquist, Fabian Wendt, Rebecca Hasdell, UpTogether, Monique Gonzalez, Stephanie Hendon, Widerqist, Matt Bruenig, Douglas MacKay, Chapel Hill, MacKay Organizations: Service, Georgetown University, Qatar, Stanford, Income, Center, Research, UNC, Chapel Locations: Virginia, Kenya, San Antonio , Texas
Increasingly, people are interested in pursuing how their genes may be affecting their health, nutrition, fitness potential and risk of injury. The global market for these direct-to-consumer genetic tests is projected to soar in the next several years, skyrocketing from $1.9 billion in 2023 to $8.8 billion by 2030, according to a market analysis report by Grand View Research. Still, some are intriguedDespite these issues, many remain intrigued by DNA fitness tests. Balance Gym recently partnered with FitnessGenes, a UK-based company that sells genetic tests, to help its clients achieve better results from their workouts. Time, and further scientific advances, may shed more light on whether DNA fitness tests are, or can be, useful.
Persons: they’re, there’s, Timothy Caulfield, “ I’ve, ” Caulfield, Caulfield, , Eva, Dylan MacKay, ” MacKay, , Devin Maier, Maier, ” Maier, MacKay, Melanie Radzicki McManus Organizations: CNN’s, CNN, Grand View Research, Indian, Australia’s National Rugby League, University of Alberta, University of Manitoba, FitnessGenes Locations: Europe, Orthopaedics, Uzbekistan, China, Edmonton, Winnipeg , Canada, Washington ,,
LONDON, Dec 3 (Reuters) - Drama "All of Us Strangers" was the big winner at the British Independent Film Awards (BIFA) on Sunday, taking home seven awards, including best British independent film and best director. "All of Us Strangers", a mystery drama about love and loss, stars Andrew Scott as Adam, a writer living in a near-empty London high-rise. It's a movie about love and we're so proud of it," Scott told Reuters on the red carpet. The provocatively titled film follows three British teen girls who go on holiday with the aim of drinking, clubbing and hooking up. French filmmaker Justine Triet's Palme d'Or-winning movie "Anatomy of a Fall" was named best international independent film.
Persons: Jodie Comer, Celine Song, Andrew Scott, Adam, Harry, Andrew Haigh, Paul Mescal, Claire Foy, Jamie Bell, it's, It's, Scott, Mia McKenna, Bruce, Shaun Thomas, McKenna, George Mackay, Nathan Stewart, Jarrett, Sam H, Freeman, Ng Choon Ping, Justine Triet's Palme, Hanna Rantala, Neil Fullikc Organizations: British, Reuters, Thomson Locations: London, French
How Married Indie Pop Musicians Spend Their Sundays
  + stars: | 2023-12-02 | by ( Tammy Lagorce | ) www.nytimes.com   time to read: +1 min
Ian Devaney and Aidan Noell, the married couple behind the indie pop trio Nation of Language, have been on a roll since they asked friends and family to fund their debut record in 2018 in lieu of wedding gifts. Whether they’re home or on the road, though, “Ian and I lead a very conjoined life,” Ms. Noell said. DIVISION OF LABORDevaney: Usually our cat wakes us up at 5 a.m., looking for breakfast. Aidan doesn’t typically get out of bed for that. If I do fall back to sleep, Aidan wakes up first.
Persons: Ian Devaney, Aidan Noell, Stephen Colbert, , , Alex MacKay, doesn’t, Devaney, Noell, “ Ian, Ms, Aidan doesn’t, Aidan Organizations: Brooklyn Steel, Rockefeller Center, East Coast Locations: East, East Coast ., Prospect Lefferts
Last month, bond yields made a comeback and the 10-year Treasury note hit roughly 5%, the highest since 2007. On the other end, bond risk comes from the borrower's ability to pay back their obligation. For investors who want higher income, Bory recommends considering a mutual fund or a commingled fund that provides that diversification. Popular examples of corporate bond funds include the MainStay MacKay High Yield Corporate Bond Fund (MHCAX), Goldman Sachs High Yield Fund (GSHIX), and High Yield Spectrum Fund (PHSIX). Below is a list of Morningstar analysts' favorite high-yield bond funds that have the highest "Gold Medalist" rating.
Persons: George Bory, Bory, MacKay, Goldman Sachs, Allspring, It's, Acct, Rowe Price Organizations: Business, Allspring, Investments, Fed, AAA, BBB, Bond Fund, Fund, Morningstar, PIA Locations: Allspring, US
London CNN —UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year. Services inflation fell but remained high, at 6.6%. “The UK economy is still very much facing stagflation and, in our view, the road ahead will likely continue to be bumpy,” said Julien Lafargue, chief market strategist at Barclays Private Bank. Stagflation refers to a toxic mix of high inflation and low, or no, economic growth. There is also evidence that higher interest rates are placing an increasing strain on the economy.
Persons: Rishi Sunak, , ” Sunak, Gary Smith, GMB, , Andrew Bailey, Alex Veitch, Sunak’s, , Julien Lafargue, ” Ewan Mackay, Jeremy Hunt, Veitch Organizations: London CNN —, National Statistics, Bank of England, Chambers of Commerce, , Barclays Private Bank, NatWest, Accenture, P, British Chambers of Commerce Locations: United Kingdom, Ireland, British
CNN —Rory McIlroy has said that two heated rows with American caddies left him wanting to “make it hurt” for Team USA, as Europe channeled rage into results to regain the Ryder Cup on Sunday. After confronting LaCava on the green, hostilities reignited in the course’s car park as the 34-year-old got into an angry exchange with another Team USA caddie, Jim “Bones” Mackay. McIlroy confronts LaCava, caddie for Cantlay (right). “I don’t think it just motivated me, it motivated the entire team … we wanted to go out there and make it hurt for them,” McIlroy told BBC Sport. “Everything will be fine,” McIlroy told reporters.
Persons: Rory McIlroy, caddies, , dazzled, Marco Simone Golf, American Patrick Cantlay, Wyndham Clark, McIlroy, Matt Fitzpatrick, Cantlay’s, onlooking, Joe LaCava, LaCava, Jim “, ” Mackay, Zac Goodwin, Shane Lowry, Sam Burns, , ” McIlroy, , ” Lowry, Ross Kinnaird, , Mackay –, Justin Thomas –, Steve Sands, texted, Cantlay, Zach Johnson, Joe, Rory, ” Johnson, Guglielmo Mangiapane Organizations: CNN, Team USA, USA, BBC Sport, Getty, NBC Sports, ” CNN, Cantlay, Northern, Team Europe’s, Ryder, Reuters, U.S . Team Locations: Europe, Rome, American, LaCava, Whistling
GUIDONIA MONTECELIO, Italy (AP) — Rory McIlroy lost his match at the Ryder Cup. That incident prompted another angry exchange involving McIlroy as he left the Marco Simone club. McIlroy was seen to be visibly furious outside the clubhouse as Jim “Bones” Mackay, the caddie for Justin Thomas, attempted to intervene. European captain Luke Donald said McIlroy “politely asked Joe to move aside.” McIlroy still had a putt for birdie to tie the match, which he wound up missing. McIlroy goes out in the fourth match, straight after Cantlay against Justin Rose.
Persons: GUIDONIA MONTECELIO, — Rory McIlroy, McIlroy, Patrick Cantlay ’, Joe LaCava, Marco Simone, Jim “, ” Mackay, Justin Thomas, Shane Lowry, Zach Johnson, LaCava “, ” McIlroy, LaCava —, , Luke Donald, McIlroy “, Joe, Rory, ” Donald, Donald, , Johnson, “ I’m, it’s, ” Johnson, ” Cantlay, Wyndham Clark, Matt Fitzpatrick, Sam Burns, Justin Rose, ___ Organizations: Ryder, Whistling, U.S ., Sky Sports, Locations: Italy, Whistling Straits, Cantlay
We’re Having a Cowboy Moment
  + stars: | 2023-08-24 | by ( Emma Goldberg | More About Emma Goldberg | ) www.nytimes.com   time to read: +1 min
When Navied Mahdavian, a cartoonist, and his wife, Emelie, a filmmaker, moved from San Francisco to Mackay, Idaho (population 473), they fixated on their new hometown’s theater. Or, rather, the ghost of a theater. Before the big reopening, one longtime town resident seemed less than enthusiastic about the plan, Mr. Mahdavian recalled, accusing the theater boosters of trying to import an “artsy-fartsy, social-justice-warrior” sensibility to the Idaho mountains. “We’re actually showing a western,” Mr. Mahdavian said. To which the resident replied: “John Wayne?”Instead, the Mahdavians chose “Damsel,” a new-age western from 2018 featuring a heroine played by Mia Wasikowska, a wimpy male character and a masturbation scene.
Persons: Navied, Mahdavian, We’re, Mr, “ John Wayne, Mia Wasikowska Organizations: Mackay Main Theater Locations: San Francisco, Mackay , Idaho, Idaho
“Monster hunters” from as far away as Japan and New Zealand will be tuning in to livestreams of Scotland’s Loch Ness in the hope of settling a longstanding debate as to whether or not the famed monster, affectionately named Nessie, actually exists. The legend of the Loch Ness Monster dates back to ancient times, though the story really gathered momentum after 1933 when sightings of a “dragon or prehistoric monster” were reported in the Scottish press. Keystone/Hulton Archive/Getty ImagesNow the interactive attraction has joined forces with Loch Ness Exploration (LNE), an independent and voluntary research team, to scour the waters like never before in the hope of uncovering some answers. Organizers say it is the biggest “surface watch” since the Loch Ness Investigation Bureau (LNIB) studied the Loch in 1972, when volunteers were also on the lookout for the mythical beast – but without the hi tech equipment. “We will certainly have enough eyes on the water – we just need some good spotting conditions,” he added.
Persons: Loch, Paul Nixon, , Nixon, , Aldie Mackay, Alan McKenna, ” McKenna, it’s, ” Nixon Organizations: CNN, Scottish, Volunteers, Keystone, Hulton, Ness Investigation Locations: Japan, New Zealand, Loch Ness, British, Inverness, Scotland, Ness
This summer, the culture journalist turned art adviser Fiona Mackay launched Kombi, an online gallery and retailer that specializes in South African art, design and craft and caters to the American market. “Because of geography and logistics, so much of this work hasn’t been shown stateside, and I wanted to rectify that,” says Mackay, who was raised in Cape Town and now lives in Brooklyn. Kombi, named for the Volkswagen minibuses that were ubiquitous during Mackay’s childhood, will present work from both emerging and more established makers, offering readily buyable pieces, as well as made-to-order and limited-edition works. “I hope [Kombi] becomes both a cultural and commercial exchange,” says Mackay, who also plans to initiate residencies and collaborations, creating opportunities for American artists to produce work in South Africa and vice versa. Cele plans to show the work with Kombi at an exhibition this autumn in New York.
Persons: Fiona Mackay, hasn’t, , Mackay, Cameron, Mpho Vackier, She’s, Kombi Organizations: Volkswagen Locations: Cape Town, Brooklyn, Johannesburg, Namibia, South Africa, Zulu, New York
A Tottenham Hotspur fan was also banned from games for three years after making gestures mocking the Hillsborough tragedy at the Premier League match between Liverpool and Spurs in April. Liverpool called for an end to "vile chants" about the Hillsborough disaster after they were heard during April's Premier League draw with Chelsea at Stamford Bridge. 'INCREDIBLE POWER'Signatories of the new disciplinary charter include the FA, Premier League, English Football League (EFL) and Women's Super League (WSL). During the match only one person can stand at the front of the technical area and while a second person can stand they "must remain very close to the technical area seating". Nobody from the technical area can "enter the pitch to confront any match official at halftime or full-time".
Persons: Douglas Mackay, Richard Masters, Pearl Josephine Nazare, Ken Ferris Organizations: Manchester United, Manchester City, Tottenham Hotspur, Premier League, Liverpool, Spurs, April's Premier League, Chelsea, Stamford, Sports National, FA, English Football League, Super League, Academy, Thomson Locations: Hillsborough, Liverpool, Bengaluru
How to trade it Let's remember the elements of a bubble, as defined by many market historians who have written about such financial market phenomena (myself included). The public increasingly has been buying related tech stocks and associated ETFs, but we have yet to see the single-minded focus of the entire stock buying world come to bear on AI stocks. In 1999 alone, some 456 stocks went public at the height of the internet mania. If there is to be a bubble in AI, it's the early days. Also, "easy money" from the Federal Reserve, a key component of financial frenzies, is not fueling speculation in publicly traded AI shares, or any other asset class for that matter.
Persons: Jaap Arriens, Charles MacKay, John Kenneth Galbraith, Edward Chancellor, Charles Kindleberger, David Faber Organizations: Nurphoto, Nvidia, Microsoft, Google, Oracle, Adobe, Fund, Nasdaq, CNBC, Federal Reserve Locations: Sea, Mississippi, England, France
NEW DELHI, June 8 (Reuters) - India's foreign minister on Thursday hit out at Canada for allowing a float in a parade depicting the 1984 assassination of Indian Prime Minister Indira Gandhi by her bodyguards, perceived to be glorification of violence by Sikh separatists. "I think it is not good for relationships, not good for Canada," he said. Canada's High Commissioner for India also condemned the incident at a parade by Sikh activists in the Canadian city of Brampton. "I am appalled by reports of an event in Canada that celebrated the assassination of late Indian Prime Minister Indira Gandhi," Cameron MacKay said on Twitter. Indira Gandhi was assassinated in 1984 by two Sikh bodyguards after she allowed the storming of the holiest Sikh temple, aimed at flushing out Sikh separatists who demanded an independent homeland to be known as Khalistan.
Persons: Indira Gandhi, Jaishankar, Gandhi, Cameron MacKay, Canada's, Rupam, Peter Graff Organizations: Indian, Sikh, Canada, Canada's, Twitter, Reuters, Thomson Locations: DELHI, Canada, New Delhi, India, Canadian, Brampton, Punjab
"I always think there's a recession coming and then we're gonna sell less units," Mackay said. "But it seems like it just turns up the knob. Sales go up every year."
One reason the British-born artist Cecily Brown, 53, came to New York in 1994 was that she wanted to paint, and in the London of Sarah Lucas and Damien Hirst, with their fried-egg-and-kebab sculptures and sharks in formaldehyde, that urge was regarded as rather retrograde. But the other reason was, as she says, “I’m a nepo baby in London, and here people don’t know so much that my dad was a big cheese.”One reason the British-born artist Cecily Brown, 53, came to New York in 1994 was that she wanted to paint, and in the London of Sarah Lucas and Damien Hirst, with their fried-egg-and-kebab sculptures and sharks in formaldehyde, that urge was regarded as rather retrograde. Sylvester had always been interested in Brown’s painting, introducing her to famous artists like Jasper Johns and Richard Serra and taking her to see a show with Francis Bacon, whose work he’d championed for decades, curating exhibitions and publishing a book of their interviews. In art school, Brown recalls, “Bacon was the reigning king, and [Sylvester’s] interviews with Bacon were pretty famous among art students.” But in New York, she says, Sylvester’s “name doesn’t necessarily ring a bell, which I think was one of the main reasons I wanted to live here…. The art world here just felt so much bigger.”
It's big what happens to Jules," Freeman told Reuters of the film, which premiered at the Berlinale film festival last Sunday. For George MacKay, playing the role of Preston was a chance to tap into currents in his own personality. While the film will especially appeal to LGBTQ+ viewers, its moving human story and racy plot has something for everyone, Freeman said. "This is a film that is for queer audiences, but it's also a film for all audiences," he said. "The queer is a label that we proudly attach to it, but it's not all that it is."
The central bank lifted its main funds rate by 25 bps to its highest since 2007 as it continued its fight against inflation. Yet the S&P 500 (.SPX) hit a five-month high, as traders focused resolutely on the idea that the world's most influential central bank would change course soon. Government bond markets meanwhile continued to price in rate cuts by year-end as the economic cycle turns. Over in Europe, the European Central Bank delivered a hefty 50 bps hike on Thursday and promised more of the same for March and beyond. "In terms of the impact of (central bank) hawkishness on markets," he added, "this has significantly softened."
But finding companies that are serious about sustainability isn't easy, said James Thornton, CEO of tour company Intrepid Travel. "You see hotels saying they're sustainable, and then you're using these little travel bottles for shampoos and shower gels," he said. "The honest truth is that every travel company is ultimately contributing towards the climate crisis," he said. "So the best thing any travel company can start to do is measure the greenhouse gas emissions it creates." Other companies with B Corp status include Seventh Generation, Ben & Jerry's, Aesop — and Patagonia, which Thornton called "arguably the most famous B Corp in the world."
“The reality is, every day, nurses across the UK are walking into understaffed hospitals,” Mackay said. “I feel really sorry for the young girls who are now trying to get into the profession, they have to pay for their training. Nurses’ pay dropped 1.2% every year between 2010 and 2017 once inflation was taken into account, according to the Health Foundation, a UK charity that campaigns for better health and health care. Christopher Furlong/Getty ImagesEarlier this year, the RCN rejected an offer by the government to increase nurses’ pay by a minimum of £1,400 ($1,707) a year, which amounted to an average rise of 4.3%, well below the rate of inflation. Members of Britain’s armed forces were being trained to drive ambulances and firefight in the event of strike action, ministers said earlier this month.
The US Air Force's AC-130 gunship has a reputation for delivering firepower to the battlefield. The green beamAn AC-130J crew identifies a target with green light during an exercise in Florida in May. Ridge ShanWhile discussing the performance of Air Force special-operations crews during the Kabul evacuation, Slife referred to a targeting technology that Air Commandos use and affectionally call "the green beam." AC-130 crews use the green beam — which Slife called a "giant green laser pointer" — both to point things out to friendly forces and to deter adversaries by letting them know that they're in the gunship's sights. Hitting something is not as simple as seeing it, since gravity, elevation, speed, and atmospheric conditions affect the trajectory of the AC-130's artillery and cannon fire, but having those aids is still invaluable for gunship crews.
Municipal bonds, or munis, have outperformed other bonds this year, but have still slumped. "We suggest that if you're investing in municipal bonds, individual bonds, you invest in 10 different issues with different credit risks," he said. Investing differs from stocks Muni bonds serve a different goal in a portfolio than assets such as stocks, which you hope go up in value over time. "There's typically some price appreciation with it but it's hard to bank on price appreciation unless you're a very active muni bond trader," said Tyner. Diversified muni bond mutual funds are also a good option for investors, giving access to the muni market without having to take on the risk of buying individual bonds.
GSK picks Burberry's Brown as CFO
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in April, start as CFO in MayCFO Iain Mackay to retireSept 26 (Reuters) - GSK (GSK.L) named luxury fashion brand Burberry's (BRBY.L) Julie Brown as its new chief financial officer on Monday to succeed Iain Mackay, at a time when the British drugmaker is sharpening focus on its core business. The change comes after GSK spun off its large consumer business, Haleon (HLN.L), to focus on prescription drugs and vaccines. Burberry had said on Friday that Brown would step down as its CFO and chief operating officer in April to take up a role outside the luxury industry. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amna Karimi and Pushkala Aripaka in Bengaluru; Editing by Subhranshu Sahu and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
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