DIRS.INFO The most relevant business & tech news

☆ Fed to hike by 75 bps again on Nov. 2, should pause when inflation halves -economists: Reuters poll
▼ + stars: | 2022-10-25 | by ( Prerana Bhat | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterResults in the poll are in line with interest rate futures pricing. A majority of economists in the Oct. 17-24 poll forecast another 50 basis point hike in December, taking the funds rate to 4.25%-4.50% by end-2022. The funds rate was expected to peak at 4.50%-4.75% or higher in Q1 2023, according to 49 of 80 economists. The Fed targets the personal consumption expenditures (PCE) index, but the survey suggests roughly half the current rate of inflation ought to be a turning point. CPI inflation was not expected to halve until Q2 2023, according to the poll, averaging 8.1%, 3.9% and 2.5% in 2022, 2023 and 2024, respectively.

☆ NFL roundup: Panthers surprise Bucs, Packers lose third straight
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Jim Dedmon-USA TODAY SportsOctober 24 - PJ Walker threw two touchdown passes and the Carolina Panthers shut down Tom Brady and the Tampa Bay Buccaneers in a 21-3 victory Sunday afternoon at Charlotte, N.C. Foreman gained 118 yards on 15 carries and Hubbard picked up 63 yards on nine carries with a touchdown. Commanders 23, Packers 21Taylor Heinicke overcame a rough start, but threw two touchdown passes as Washington rallied to hand Green Bay its third straight loss, in Landover, Md. Travis Etienne went for 114 yards and a touchdown on 14 carries for Jacksonville (2-5), which has lost four straight. With 18 seconds left, Pickett (32-of-44 passing, 257 yards, one touchdown, three interceptions) threw a game-sealing interception in the end zone.

☆ NHL roundup: Lightning topple Islanders again
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +8 min

The Lightning, who beat the host Florida Panthers 3-2 in overtime Friday, improved to 8-2 in their past 10 games against the Islanders. Devils 2, Sharks 1Yegor Sharangovich and Dawson Mercer scored second-period goals to lead New Jersey to a victory over visiting San Jose. The Blues controlled the first eight minutes of the game and scored the game's first goal on a power play. Avalanche 3, Golden Knights 2Nathan MacKinnon, Valeri Nichushkin and Evan Rodrigues scored goals, and visiting Colorado beat Vegas. He also became the first defenseman in NHL history to begin a season with a five-game goal streak.

☆ How TJ Maxx and Ross discount their clothes by so much
▼ + stars: | 2022-10-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN Business —It’s a great time to be a closeout store like TJ Maxx. In July, they were sitting on $713 billion in inventory, according to the latest data from the Census Bureau. That’s a prime opportunity for “off-price” retailers such as TJX (TJX) – the parent of TJ Maxx, Marshalls and HomeGoods – as well as Ross (ROST), Burlington (BURL) and Ollie’s Bargain Outlet (OLLI). And if a designer changes the style or color of a dress, for example, off-price stores are happy to take it and sell it on the cheap. “We are seeing extraordinary off-price buying opportunities in the marketplace,” TJX CEO Ernie Herrman said in August.

Search resuls for: "Brett R"

4 mentions found