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The Federal Reserve is likely to wait longer than initially expected to cut interest rates given stubborn inflation readings in recent months, the central bank’s top two officials said Tuesday. Policymakers came into 2024 looking for evidence that inflation was continuing to cool rapidly, as it did late last year. Instead, progress on inflation has stalled or even reversed by some measures. But he stopped short of saying he expected rates will need to stay at their current levels, 5.3 percent, deep into this year. Last month, Fed officials indicated that they expect to cut rates three times by the end of 2024.

Persons: ” Jerome H, Powell, Philip N, Jefferson Organizations: Federal Locations: Washington

☆ Buy this little-known storage stock with more than 40% upside, Jefferies says
▼ + stars: | 2024-04-15 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies said Janus International is an undervalued small cap name that can outpace peers in the storage sector. The firm initiated coverage of the self storage stock with a buy rating and a $20 per share price target. Janus International stock has risen nearly 8% in 2024. Analyst Philip Ng said that while Janus remains outside of investor focus, he thinks the stock is undervalued compared with peer small cap storage firms. "As the only national player with a full-service solution, JBI has strong pricing power," he added.

Persons: Jefferies, Janus, Philip Ng, it's, Ng, JBI, Michael Bloom Organizations: Janus International, stoke

The execution will be the first attempt to use a new execution method since the 1982 introduction of lethal injection, now the most common execution method in the United States. After he is given a chance to make a final statement, the warden, from another room, will activate the nitrogen gas. Three states — Alabama, Mississippi and Oklahoma — have authorized nitrogen hypoxia as an execution method, but no state has attempted to use the untested method until now. They stabbed her — multiple times.”The state has predicted the nitrogen gas will cause unconsciousness within seconds and death within minutes. Much of what is known about death by nitrogen gas comes from industrial accidents or suicide attempts.

Persons: Kenneth Eugene Smith, Smith, “, ”, Jeff Hood, Elizabeth Sennett, Sennett, gurney, Steve Marshall, Liz Sennett, Smith’s, ” Marshall, Charles Sennett Jr, Smith “, Mama, Robin M, Maher, Philip Nitschke, Nitschke, ” Nitschke, Robert Grass, Charles Sennett, John Forrest Parker Organizations: United States, Supreme, U.S, Prosecutors, WAAY, Circuit, Alabama, Associated Press, Veterinary Medical Association, United Nations Human Rights Locations: MONTGOMERY, Ala, Alabama, United, United States, Mississippi, Oklahoma, Colbert County

[1/2] A Tesla electric vehicle is plugged to a charger in a parking lot in Teia, north of Barcelona, Spain, October 31, 2023. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen's EV order intake half what it was last year. Reuters GraphicsFALLING BEHINDCritics have long warned that a lack of affordable EVs would eventually stall the steep sales growth boosted by early adopters and corporate fleets. A weaker performance in September, consumer sentiment surveys and bleak commentary from carmakers and dealers indicates that low growth era may have arrived. "We call it the valley of death, which we will be going through in 2024 to 2027: low residual values, high supply, and low demand," Nothard added.

Persons: Albert Gea, EVs, Thomas Niedermayer, Flavia Garcia, Tom Carvell, Martina, AutoTrader, Garcia, We'll, Critics, Felipe Munoz, Alistair Bedwell, Langston, Ben DuCharme, Philip Nothard, Nothard, Victoria Waldersee, Nick Carey, Giulio Piovaccari, Paul Lienert, Sumanta Sen, Alexander Smith Organizations: REUTERS, Tesla, Volkswagen, Mercedes, Benz, Reuters Graphics Dealers, Toyota, HK, Reuters Graphics, Ford, GM, United Auto Worker, JATO Dynamics, Langston, Cox Automotive, Thomson Locations: Barcelona, Spain, LONDON, Europe, Germany, Italy, Bavarian, Edinburgh, Scotland, Britain, BYD, Nio, U.S, Rome, Detroit

Republic First, which has about $6 billion in assets, operates branches in Pennsylvania, New Jersey and New York. Photo: Breanna Denney/The Wall Street JournalA Philadelphia bank struggling to stay afloat is nearing a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year. Republic First Bancorp is set to receive a $35 million infusion from a group of existing investors led by George Norcross III, Philip Norcross and Gregory Braca , according to people familiar with the matter. The bank is in talks to raise another $40 million to $65 million from additional investors.

Persons: Breanna Denney, George Norcross III, Philip Norcross, Gregory Braca Organizations: Republic First Bancorp Locations: Pennsylvania , New Jersey, New York, Philadelphia, Republic

Republic First, which has about $6 billion in assets, operates branches in Pennsylvania, New Jersey and New York. Photo: Breanna Denney/The Wall Street JournalA Philadelphia bank struggling to stay afloat agreed to a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year. Republic First Bancorp is set to receive a $35 million infusion from a group of existing investors led by George Norcross III, Philip Norcross and Gregory Braca , the bank said, confirming an earlier Wall Street Journal report. The bank is in talks to raise another $40 million to $65 million from additional investors.

Persons: Breanna Denney, George Norcross III, Philip Norcross, Gregory Braca Organizations: Republic First Bancorp Locations: Pennsylvania , New Jersey, New York, Philadelphia, Republic

☆ Investor group to infuse $35 million in troubled Republic First Bancorp
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

Companies Republic First Bancorp Inc FollowOct 27 (Reuters) - Investor group Norcross Braca has agreed to pump $35 million into troubled lender Republic First Bancorp (FRBK.PK), the companies said on Friday. The deal comes after the bank's disclosure in August that it was in talks with the group led by activist investor George Norcross regarding an equity investment and a broader capital raise. Philip Norcross has been appointed chair as part of the terms, while Gregory Braca and two new independent directors are also set to join the bank's board. The troubled lender has also postponed its 2022 annual shareholders meeting until December. Reporting by Manya Saini in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Norcross Braca, George Norcross, Philip Norcross, Gregory Braca, Manya Saini, Anil D'Silva Organizations: Bancorp, Investor, First Bancorp, Nasdaq, Thomson Locations: Bengaluru

☆ ‘George Harrison’ Review: Why His Guitar Gently Wept
▼ + stars: | 2023-10-21 | by ( D.J. Taylor | Philip Norman | ) www.wsj.com time to read: +2 min

George Harrison (with Eric Clapton at left) performing at the Concert for Bangladesh in August 1971. Photo: Henry Diltz/Getty ImagesThe paradoxes of George Harrison’s career can perplex even the most casual Beatles fans. Grab a Copy George Harrison: The Reluctant Beatle By Philip Norman Scribner 512 pages We may earn a commission when you buy products through the links on our site. One of the most ominous subtexts of “George Harrison: The Reluctant Beatle,” it turns out, is the sense of a man grown old before his time. Hospitalized for six weeks at the age of 13 with nephritis, a martyr to swollen tonsils and on-tour exhaustion, he spent much of his early life being ill.

Persons: George Harrison, Eric Clapton, Henry Diltz, George Harrison’s, John Lennon’s solipsism, Paul, ”, Harrison, Philip Norman, Philip Norman Scribner, Barnes, Norman, “ George Harrison, Ed Sullivan, Monty Python’s Eric Idle Organizations: Concert, Bangladesh, Noble

The UK goal was ahead of the 2035 ban in the European Union, where most British-made cars are sold. "The timing sends the message that things can change again, making it difficult for companies to manage their investment strategies." Under the new mandate that the government could make public as early as this week, the 80% 2030 electric target should remain - with the other 20% a mixture of fossil fuel models and hybrids until 2035. "In Britain, there's no industrial strategy, no intent for industrial strategy and no desire for an industrial strategy," Palmer said. "The UK (fossil fuel ban) delay is not a good sign in terms of stability, but they have realigned with EU regulation," said Denis Schemoul, director of European vehicle forecasting at S&P Global Mobility.

Persons: Rishi Sunak, Christopher Furlong, Boris Johnson, Sunak, it's, Philip Nothard, ZEV, Andy Leyland, Adrian Keen, Keen, Andy Palmer, Aston Martin, Palmer, Denis Schemoul, Nick Carey, Barbara Lewis Organizations: Britain's, Rover, Industry, Union, EV, European Union, Cox Automotive, Volvo, Ford, EU, P Global Mobility, Thomson Locations: Warwick , England, British, Britain, EVs, Europe, Spain

4, he’s missing, he’s up there. Jagger told The Los Angeles Times in October 2021 that “Hackney Diamonds” would have been finished long ago if not for the coronavirus pandemic. Last month, the Stones teased the album via an advertisement for a fake glass repair company, called Hackney Diamonds, that appeared in a London newspaper. The ad’s text referred to several of the band’s well-known songs: “Our friendly team promises you satisfaction. That was “typical Stones’s fakery,” Norman said, because the band had no previous association with Hackney.

Persons: Richards, “, he’s, ”, Watts, Steve Jordan, ” Jagger, —, Jagger, Fallon, ” Philip Norman, ” Norman Organizations: Los Angeles Times, Hackney Locations: Hackney, London, London’s trendiest

☆ Robust equities erode gold's safe-haven allure as ETF holdings fall
▼ + stars: | 2023-08-21 | by ( Deep Kaushik Vakil | ) www.reuters.com time to read: +2 min

(Reuters) -Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded the appeal of exchange-traded funds (ETF) backed by traditional safe-haven gold this year, despite sticky inflation. The biggest ETF, SPDR Gold Trust, saw holdings dwindle to pre-pandemic levels. [GOL/ETF]Investors typically buy gold during times of financial and economic uncertainty and rising inflation. [GOL/]“Gold has fallen into disfavour as a hedge against economic uncertainty for many institutional investors,” said Ross Norman, chief executive of Metals Daily. Equities have outperformed gold despite higher interest rates, while rival safe-haven Treasury bonds have attracted investors away from gold, which doesn’t earn any interest or dividends.

Persons: Ilya Naymushin, ”, Ross Norman, Carsten Menke, Julius Baer, Gold, Philip Newman, Newman, hasn’t Organizations: Reuters, REUTERS, World Gold Council, Investors, U.S, Metals Daily, U.S . Federal, Treasury, Metals Locations: U.S, Siberian, Krasnoyarsk, Russia, disfavour, “

☆ Continental considering sale of ContiTech's car division - manager magazin
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

The name of German tire maker Continental is pictured on a wheel at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsCompanies Continental AG FollowContiTech AG FollowBERLIN, Aug 21 (Reuters) - German auto parts supplier Continental (CONG.DE) is considering the sale of the car division bundled within ContiTech, manager magazin reported on Monday, citing company sources. Supervisory board chairman Wolfgang Reitzle and the executive board around chief executive Nikolai Setzer are considering a reorganization of the corporation, the business publication added, citing the sources. As part of the reorganization, ContiTech's car division, which specializes in belts and sealing systems, will be put up for sale first, said the report. Philip Nelles, who is in charge of the ContiTech division, told Reuters in February that the company's activities in the car sector would be bundled into their own unit with a stronger focus on electromobility.

Persons: Fabian Bimmer, Wolfgang Reitzle, Nikolai Setzer, Philip Nelles, Victoria Waldersee, Miranda Murray, Rachel More Organizations: IAA, REUTERS, Continental, BERLIN, Reuters, Thomson Locations: Hanover

☆ Why Gen Z, Millennials, Boomers, and Gen X Fight: Generational Conflict
▼ + stars: | 2023-07-26 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

Gen Z is soft, millennials are embarrassing, boomers are evil, and no one has thought about Gen X in years. But late this spring, Pew announced it would no longer use generational labels such as millennial and Gen Z in its research. By and large, Cohen shares Duffy's view that generational labels make it tough for both experts and laypeople to distinguish between generational traits and universal, or multifactorial, occurrences. To its credit, Pew has been transparent in acknowledging how the use of generational labels may have tilted its analyses. Pew "does believe generational research can be a useful tool in the right context," Parker told me.

Persons: Gen X, Pew, Kim Parker, Parker, Obama, Millennials, boomers, Gen Zers, Xers, —, Karl Mannheim, Louis Menand, Menand, Andrew M, Lindner, Sophia Stelboum, Azizul Hakim, William Strauss, Neil Howe, Strauss, Howe's, Baby Boomer, Portia, Zers, Gen Xers, Philip N, Cohen, it's, Bobby Duffy, Duffy, Stelboum, Hakim, Michael Dimock, Kelli María Korducki Organizations: Pew Research Center, Pew, Skidmore College, University of Maryland, College, Washington, King's College London Locations: Mannheim, New York City

☆ Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard
▼ + stars: | 2023-05-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Federal Reserve Governor Philip Jefferson will be nominated by President Joe Biden to be vice chairman of the central bank's board, the White House announced Friday. As vice chair, he takes a position last occupied by Lael Brainard, who is now Biden's director of the National Economic Council. Before coming to the Fed, Jefferson was a professor of economics as well as vice president for academic affairs and dean of faculty at Davidson College. The nomination was not unexpected; multiple media outlets had reported that Jefferson was Biden's likely choice as vice chair. If confirmed, Jefferson would be the second Black person to hold the vice chair position.

Jefferies says specialty plumbing and appliances distributor Ferguson is a high-quality business "poised to take [market] share." Its new price target of $181 implies shares rallying 28% from Monday's close. "FERG is uniquely positioned to service compared to smaller competitors due to its scale & breadth of products," analyst Philip Ng wrote in a Tuesday note. "FERG should be resilient in a downturn, driven by its pricing power, high variable cost structure and capital light model. FERG's pricing power & limited exposure to commodity products drive stable gross margins through the cycle."

☆ World leaders gather in London for King Charles' coronation
▼ + stars: | 2023-05-05 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

Summary King Charles to host reception for world leadersRoyal fans gather on The Mall for coronationAcross Britain, preparations underwayPolls show many apathetic, question cost of lavish eventLONDON, May 5 (Reuters) - King Charles will hold a reception on Friday for world leaders gathered in London for his coronation this weekend, the biggest ceremonial event to be staged in Britain for 70 years. She will be among the world leaders attending the reception at Buckingham Palace on Friday evening which the king and queen will host along with other senior members of the royal family. The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation on Saturday even though both are life-long republicans who do not shy away from making their positions clear. The St Edward's Crown, which weighs about 2.2 kg (4 lb 12 ounces) and dates back to 1661 and the reign of his namesake King Charles II, will be placed on his head during the ceremony. Buckingham Palace said it expected it would provide an economic lift for Britain's struggling economy.

[1/2] A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. An investor in Wood Group (WG.L), an oilfield services company, urged the company to buy back some of its own shares to avoid being a target. The domestically-focused FTSE 250 (.FTMC) is down by almost a fifth this year while the internationally-focused blue-chip FTSE 100 (.FTSE) is up 0.8% thanks to a drop in the pound. A currency advantage alone does not necessarily kick-start deals though, according to Owain Evans, co-head of UK M&A for Goldman Sachs. "Large corporates continue to look at 'bolt-ons', where they can draw on existing facilities to do those deals, that's why the mid-cap space is attractive to the strategics in this environment," said Celia Murray, head of UK M&A at JPMorgan.

☆ Silver heads for biggest deficit in decades, Silver Institute says
▼ + stars: | 2022-11-18 | by ( Clark Mindock | ) www.reuters.com time to read: +2 min

LONDON, Nov 18 (Reuters) - Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the Silver Institute on Thursday night. The Silver Institute predicted a deficit of 194 million ounces this year, up from 48 million ounces in 2021. The Silver Institute predicts a 16% increase in demand this year to 1.21 billion ounces. Silver prices have fallen around 10% this year to $21 an ounce, mostly due to financial investors selling silver in response to rising U.S. bond yields and a strengthening dollar. SILVER DEMAND (MILLIONS OF OUNCES)*Source: The Silver Institute, Metals FocusReporting by Peter Hobson; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Fact Check-Derogatory poster shows misleading statistics about children with same-sex parents
▼ + stars: | 2022-11-03 | by ( Reuters Fact Check | ) www.reuters.com time to read: +9 min

A poster that appears to have originated on a Neo-Nazi website presents misleading statistics about children who have same-sex parents, citing research that has since been called into question. The text in the poster reads: “92% of children raised by Gay Parents are abused. A large review of 19,000 studies and articles on the topic of same-sex parenting published in 2015 (here) also concluded that children raised by same-sex couples are no worse off than children raised by opposite-sex parents. The poster was created on a Neo-Nazi website and includes misleading statistics about same-sex parenting drawn from a small, controversial study. Most of the research on children with same-sex parents has found that they are not negatively affected as compared to other children.

☆ 3D-printed suicide pods are now legal in Switzerland
▼ + stars: | 2021-12-06 | by ( Morgan Keith | ) www.businessinsider.com time to read: +3 min

Compared to other methods, Sarco offers death without using controlled substances, Swiss Info said. Dr. Philip Nitschke said the Sarco capsule should be ready for use in Switzerland in 2022. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy"Sarco" machines — 3D-printed capsules designed for use in assisted suicide — have passed a legal review and can now operate in Switzerland, Swiss Info reported. Prototyped in the Netherlands by Dr. Philip Nitschke, the coffinlike Sarco capsule should be ready for operation in Switzerland in 2022, he told the outlet. The Netherlands, Switzerland, Belgium, Luxembourg, Canada, and Colombia allow assisted suicide, although each has different rules about it, The Guardian reported.

☆ Certificatul de naștere al prințului Philip, făcut public după ce a fost ţinut ascuns timp de 99 de ani
▼ + stars: | 2021-04-12 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: starinsder.comCertificatul de naștere al prințului Philip, făcut public după ce a fost ţinut ascuns timp de 99 de aniCertificatul de naștere al prințului Philip a fost ținut timp de un secol într-o arhivă care se află aproape de casa din Grecia unde s-a născut. Documentul a fost făcut acum public de către Daily Mail. Actul oferă o perspectivă extraordinară asupra primelor 18 luni din viața prințului Philip. El s-ar fi născut pe o masă de bucătărie la palat, care a fost folosită de familia regală greacă ca reședință de vară. Prinţul Philip, soţul reginei Elisabeta a II-a a Marii Britanii, a încetat din viaţă la vârsta de 99 de ani, vineri, 9 aprilie.

Persons: Philip, Andrei al Greciei, Lordul Louis Mountbatten, Philip ., Reginei Elisabeta, Ionică . El, Prinţul Philip, Elisabeta a II - Organizations: Daily Mail Locations: Grecia, Corfu, Castelul Windsor, Ortodoxă Greacă, Mon, Greciei, danez, german, britanic, Britanii

☆ Când va avea loc înmormântarea prințului Philip. Soțul reginei Elisabeta ar fi stabilit detaliile pentru această zi
▼ + stars: | 2021-04-10 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Prințul Philip, soțul reginei Elisabeta a II-a, va fi înmormântat cel mai probabil sâmbăta viitoare, după opt zile de doliu național. Informația apare în presa din regat, care scrie că sicriul cu trupul prințului consort va fi mutat astăzi sau mâine în capela Saint George de la castelul Windsor, scrie digi24.ro. Noaptea trecută, regina Elisabeta a II-a și membrii seniori ai familiei regale au pus la punct detaliile necesare, iar o decizie finală va fi anunțată astăzi. Cel mai probabil, la înmormântare va fi permis accesul unui număr limitat de persoane. Ultimul drum al prințului Philip va fi acompaniat de muzică de cimpoi, iar din ziua următoare, drapelele de pe teritoriul britanic nu vor mai fi arborate în bernă.

Persons: Prințul Philip, reginei Elisabeta a II, a, Ducele de, Saint George, regina Elisabeta a II, Philip, Regina, Boris Johnson, Britanicii, Buckingham Organizations: seniori, Agerpres Locations: Ducele de Edinburgh, Saint, Windsor, Londra

☆ Când vor avea loc funeraliile prințului Philip; Soțul reginei Elisabeta ar fi stabilit detaliile pentru propria înmormântare
▼ + stars: | 2021-04-10 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: Profimedia ImagesCând vor avea loc funeraliile prințului Philip; Soțul reginei Elisabeta ar fi stabilit detaliile pentru propria înmormântarePrințul Philip, soțul reginei Elisabeta a II-a, va fi înmormântat cel mai probabil sâmbăta viitoare, după opt zile de doliu național. Informația apare în presa din regat, care scrie că sicriul cu trupul prințului consort va fi mutat astăzi sau mâine în capela Saint George de la castelul Windsor. Noaptea trecută, regina Elisabeta a II-a și membrii seniori ai familiei regale au pus la punct detaliile necesare, iar o decizie finală va fi anunțată astăzi. Cel mai probabil, la înmormântare va fi permis accesul unui număr limitat de persoane. Ultimul drum al prințului Philip va fi acompaniat de muzică de cimpoi, iar din ziua următoare, drapelele de pe teritoriul britanic nu vor mai fi arborate în bernă.

Persons: Philip, reginei Elisabeta, reginei Elisabeta a II, a, Ducele de, Saint George, regina Elisabeta a II, Regina, Boris Johnson, Britanicii, Buckingham Organizations: seniori, Agerpres Locations: Ducele de Edinburgh, Saint, Windsor, Londra

Informația apare în presa din regat, care scrie că sicriul cu trupul prințului consort va fi mutat astăzi sau mâine în capela Saint George de la castelul Windsor. Cel mai probabil, la înmormântare va fi permis accesul unui număr limitat de persoane. Ultimul drum al prințului Philip va fi acompaniat de muzică de cimpoi, iar din ziua următoare, drapelele de pe teritoriul britanic nu vor mai fi arborate în bernă. Potrivit presei britanice, prințul Philip a fost foarte implicat în aranjamentele pentru propria înmormântare și, în stilul său obișnuit, a glumit că unii dintre cei care au participat la aceste aranjamente au murit înaintea lui. Prinţul Philip, soţul reginei Elisabeta a II-a a Marii Britanii, s-a stins din viață ieri dimineață la Castelul Windsor.

Persons: Saint George, regina Elisabeta a II, Philip, Regina, Boris Johnson, Britanicii, Buckingham, Prinţul Philip, Elisabeta a II - Organizations: seniori, Agerpres Locations: Saint, Windsor, Londra, Britanii, Castelul Windsor

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