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That's because the Federal Reserve has been hiking interest rates since March 2022 in an effort to cool inflation. So the question remains: When will we finally see interest rates start to come down? CNBC Select asked three experts to give their take on what lies ahead for interest rates. What we'll coverWhen will interest rates come back down? Existing loans with a variable rate may also start charging less interest as the Fed lowers interest rates.

Persons: Amy Hubble, hasn't, Preston Caldwell, Caldwell, Hubble, Elliot Eisenberg, you'll, it's Organizations: Federal Reserve, CNBC, Federal, Market, Morningstar Research Services, Ally Bank, Navy Federal Credit Union, Jumbo, Navy Federal Credit, PNC Bank, PNC Bank Mortgage, Savings, Axos Bank, FDIC, CNBC Select's, Facebook, Twitter Locations: U.S

☆ Opinion | One Sentence Does Not Define a Curriculum
▼ + stars: | 2023-08-03 | by ( John Mcwhorter | ) www.nytimes.com time to read: +3 min

Too often the idea of the slippery slope is presented as a given, rather than as an assertion requiring evidence. But I do perceive that America has become infinitely more informed about slavery than it was 50 years ago. To propose such an idea is, in its way, to dismiss the work so many have done to change minds. There are, to be sure, other things in the curriculum that also need fixing. The group was given only a few months to compile the curriculum, and errors like that happen in haste.

Persons: I’m, ”, …, Ron DeSantis Organizations: D.C, Tulsa Locations: America, “ Amistad, Florida, Washington, Rosewood

☆ VIEW Bank of England raises rates for a 14th time
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +7 min

The BoE raised interest rates by 25 basis points to 5.25% and said high inflation meant it was unlikely to stop raising rates any time soon. However, with Thursday's decision, traders began to price in a lower peak in UK rates. MONEY MARKETS: Interest-rate derivatives showed traders believe UK rates will peak around 5.67% by March, compared with an expected peak of 5.73% in the run-up to the decision. Rising interest rates means higher borrowing costs, which will lead to larger monthly mortgage payments for many homeowners." The Bank of England remains committed to bringing inflation down, unfortunately raising interest rates is one of the only tools the Bank can use to sap demand out of the economy."

Persons: BoE, Sterling, VIVEK PAUL, we’ll, STUART COLE, JEREMY BATSTONE, CARR, RAYMOND JAMES, MARCUS BROOKES, ” SEEMA SHAH, Rishi Sunak, GILES COGHLAN, THOMAS PUGH, JOHN LEIPER, Amanda Cooper, Samuel Indyk Organizations: Bank of England, FTSE, BLACKROCK, LONDON, TOM HOPKINS, Bank of, RSM, Bank, EMEA, Thomson Locations: LONDON, EUROPEAN, U.S

☆ Australia vs Canada: Australia facing ‘disaster’ as Matildas teeter on brink of early exit from home World Cup
▼ + stars: | 2023-07-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +10 min

As one of the co-hosts, this year’s Women’s World Cup was supposed to be the culmination of all this change; a celebration of Australia’s most beloved team. A shaky 1-0 win against Ireland kicked off the Matildas’ tournament before disaster struck once more and they succumbed to a shock 3-2 defeat against Nigeria. That 2015 run marked the Matildas’ best World Cup performance to date, after appearing in every edition since 1995. The assembled 75,784 fans represented a record crowd for a women’s soccer match in the country and the highest attendance at a Women’s World Cup for 24 years, according to FIFA. “It’s definitely transcended the traditional women’s community and so that’s really exciting.”Australia has played its part in making this the biggest Women’s World Cup in history.

Persons: Sam Kerr’s, backflipping Kerr, Ellie Carpenter’s, Kerr, Gorry’s, “, ” Heather Reid, it’s, that’s, ” Reid, ” Fiona Crawford, Sonia Gegenhuber, ” Crawford, Tony Marshall, Tony Gustavsson –, –, Sam Kerr's, Ryan Pierse, Sam Kerr, ” Caitlin Foord, Bradley Kanaris, ” Gustavsson, ” Kerr, ”, Jaimi Joy, “ They’ve, ” Simon Reus, “ It’s Organizations: CNN, Sydney Opera House, Disney, Women’s Soccer Australia, CNN Sport, Ireland, Nigeria, Canada, Federation, Olympics, US, National, Chelsea, Tokyo, Spain, England, Sweden, Rugby, Reuters FIFA, Australia, FIFA, Sydney Harbour Bridge, France, Brazil, . Sports Locations: Sydney, Australia, Brazil, South Korea, Spain, Nigeria, Canada, Qatar, Haiti

A humanoid warehouse worker, Digit walked upright on goatlike legs and grabbed bins off a shelf with muscular arms made from aerospace-grade aluminum. It then placed the boxes on an assembly line and walked back to the shelf to search for more. Machines like Digit are ready to take over a vast swath of physical labor, from operating forklifts to doing the laundry. Mr. Kyslinger, an engineer who has spearheaded automation for some of the largest retailers in the world, including Amazon and Walmart, is passionate about the potential of robots to improve the quality of life for workers. Robots free humans from boredom, repetition, physical strain and productivity limits that can put their jobs at risk, he believes.

Persons: ChatGPT, Ron Kyslinger, Kyslinger Organizations: Amazon, Walmart Locations: ProMat, Oregon

☆ Are These the Most Expensive Jeans in the World?
▼ + stars: | 2023-07-06 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

That was where, as golden hour set in, a magic Valentino show began — with Kaia Gerber in a pair of jeans and a white shirt. Granted, they weren’t just any jeans: they were made from silk gazar entirely embroidered in micro beads dyed 80 different shades of indigo to resemble denim, but still. They looked like jeans. Jeans — or their very fancy doppelgängers — have been the biggest trend of the week. There were more jeans, likewise made from trompe l’oeil beading, in the Jean Paul Gaultier collection guest designed by Julien Dossena, and lots of jeans in all stages of distress at Balenciaga, which also were not denim at all but oil-painted canvas that took two and a half months to create.

Persons: Valentino, Kaia Gerber, upcycled Levi’s, Jean Paul Gaultier, Julien Dossena Locations: Paris, Chantilly

☆ Bridget Jones Deserved Better. We All Did.
▼ + stars: | 2023-06-30 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +2 min

You couldn’t pass a Borders or Barnes & Noble megastore without catching Bridget’s cool blue-green gaze. Seemingly overnight, Bridget was to digital correspondence what Chandler Bing was to comic timing: a fresh metronome for the last gasp of the 20th century. She was the toast of book clubs, the subject of editorials, a lightning rod for morning-show debate and fodder for late-night comedy. Some readers were charmed by Bridget Jones; others were disgusted. That if we don’t enjoy our jobs, we just stick around and, heck, sleep with the boss (who never calls us back).”

Persons: Bridget Jones’s, “, ”, it’s “, ’ it’s, Elizabeth Gleick, ” “ Bridget Jones ”, Noble, ” “, —, Bridget, Chandler Bing, Bridget Jones, “ Bridget, ” Alex Kuczynski Organizations: Publishers Weekly, British Vogue, New York Times, Barnes Locations: British, ‘

☆ Asian stocks teeter as Russia, rates and China risks weigh
▼ + stars: | 2023-06-27 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.08% at 0126 GMT, after dropping 0.06% an hour earlier. "Asian equities are set for a downturn on Tuesday, prompted by Wall Street's risk-aversion behavior," said Anderson Alves, a global macro analyst at ActivTrades. All three major U.S. stock indexes ended in the red on Monday, with megacap momentum stocks pulling the tech-heavy Nasdaq down the most. The Dow Jones Industrial Average (.DJI) fell 0.04%, the S&P 500 (.SPX) lost 0.45% and the Nasdaq Composite dropped 1.16%. Hang Seng Index (.HSI) and China's benchmark CSI300 Index (.CSI300) opened up 0.3% and 0.1%, respectively, shaking off losses from the past four sessions.

Persons: Wall, Anderson Alves, Alves, Goldman Sachs, Redmond Wong, Wong, Vladimir Putin's, Brent, Kane Wu, Sam Holmes Organizations: Nikkei, ActivTrades, Dow Jones, Nasdaq, U.S, Global, China, Saxo Markets, Treasury, Thomson Locations: HONG KONG, Russia, Asia Pacific, Japan, Europe, U.S, ActivTrades, Asia

☆ DMs From New York City
▼ + stars: | 2023-06-26 | by ( Dodai Stewart | ) www.nytimes.com time to read: +4 min

Dodai Stewart Dodai Stewart Dodai Stewart DMs From New York CityNew York City can be a study in overstimulation. Dodai Stewart Dodai Stewart Dodai StewartI am sure you have seen them. In a city that shouts and blares, these are little whispers, with voices as varied and distinctive as New Yorkers themselves. Dodai Stewart Dodai Stewart Dodai StewartSometimes it’s hard to comprehend what a city really is, beyond densely stacked gleaming towers and throngs of faceless, busy strangers. New York is just a bunch of people, and they want to talk.

Persons: Dodai Stewart Dodai Stewart Dodai Stewart Organizations: New York City New, New Yorkers Locations: New York City, New York City New York City, overstimulation, New York, New, Brooklyn Heights, Manhattan

☆ Teeter: Expect markets to struggle in the short term but improve by year-end
▼ + stars: | 2023-06-22 | 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 EmailTeeter: Expect markets to struggle in the short term but improve by year-endRobert Teeter, Head of Investment Policy & Strategy at Silvercrest Asset Management, discusses the investing landscape for the rest of the year.

Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management

☆ Twitter's new CEO Linda Yaccarino has seemingly had one of her tweets framed at the company's HQ, following in Elon Musk's footsteps
▼ + stars: | 2023-06-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A Twitter employee shared a photo of Linda Yaccarino's tweet framed on the office wall. Linda Yaccarino, the new Twitter CEO, has joined Elon Musk in having one of her tweets framed on the office walls of her new company. And either she or some other Twitter employee must be quite proud of this retort, because it's now been put on display in the headquarters. It looks like it's framed on the same wall where Elon Musk had one of his tweets put on show last November. Although several users had already come up with this joke, even photoshopping fake Musk tweets before the real billionaire posted it himself.

Persons: Linda Yaccarino's, Elon Musk, Linda Yaccarino, Yaccarino, it's, Musk, Twitter Organizations: Twitter, Elon Musk Locations: San Francisco, Twitter's San Francisco

☆ Australia cenbank warns of more hikes ahead after raising rates to 11-yr high
▼ + stars: | 2023-06-06 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

"The omission of this sentence reads hawkish in our view and may spell further rate hikes ahead from the RBA." Adam Boyton, head of Australian economics at ANZ, expects the RBA to raise interest rates by another quarter-point in August. In the policy statement, Lowe said the latest rate increase will "provide greater confidence that inflation will return to target within a reasonable timeframe." The RBA has increased interest rates by a whopping 400 basis points since May last year, the most aggressive tightening cycle in its modern history. "As the RBA takes rates higher, the risk of a greater slowing in the economy is rising," said Tapas Strickland, head of market economics at NAB.

Persons: Prashant Newnaha, Adam Boyton, Lowe, Tapas Strickland, Stella Qiu, Shri Navaratnam Organizations: SYDNEY, Reserve Bank of Australia, Securities, Australian, ANZ, Graphics Global, Federal, NAB, Thomson Locations: Asia, Australia

☆ The E-Sports World Is Starting to Teeter
▼ + stars: | 2023-05-20 | by ( Kellen Browning | ) www.nytimes.com time to read: +1 min

Six years ago, the Madison Square Garden Company, a group that includes James Dolan, the owner of the New York Knicks and the New York Rangers, announced a triumphant entrance into sports’ next frontier: a professional video game league. As e-sports revenue fell below expectations and investors became skeptical of the industry, Madison Square Garden’s owners last year tried to find a way out of the business by selling their marquee team. After years of fanfare, e-sports in the United States are giving way to economic realities. Unable to turn a profit, team owners are cutting costs by laying off employees and ending contracts with star players. In some cases, they are selling their teams and sometimes at a loss, offering a blunt reality check to people who believed e-sports could be the next big thing in entertainment.

☆ A Sinking Capital and More: The Week in Reporter Reads
▼ + stars: | 2023-05-19 | by ( ) www.nytimes.com time to read: +1 min

For two years, Mr. Joko served as the governor of a capital city that seemed to teeter on the brink of ruin. Most of all, Jakarta was sinking, as thirsty residents drained its marshy aquifers and rising sea waters lapped its shores. So Mr. Joko rolled up his sleeves, put on his sneakers and set about trying to fix the city. All the Sisyphean dredging, the endless concrete inches slathered on sea walls, the duct tape solutions could not raise Jakarta above the sea’s reach. And so Mr. Joko has turned to a different solution: If Jakarta cannot be saved, he will need to start over.

☆ What’s a President to Do When a Nation’s Capital Is Sinking? Move It.
▼ + stars: | 2023-05-16 | by ( Hannah Beech | ) www.nytimes.com time to read: +38 min

A new capital city for a place with such disparities and diversity presents both a challenge and a chance for reinvention. Moving the Seat of Power From Java to Borneo Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Indonesia’s new capital, Nusantara, will be about 800 miles from the current capital, Jakarta. It cannot be overnight, it’s not like Aladdin comes with his genie,” said Bambang Susantono, the head of the Nusantara Capital City Authority. We have to prove that this will be a self-propelling city.” — Bambang Susantono, head of the Nusantara Capital City AuthorityCritics of I.K.N. Indonesia’s capital city faces sinking land and rising seas.

☆ Etsy is wasting no time jumping into the wedding registry business
▼ + stars: | 2023-05-10 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

While Bed Bath and Beyond and its popular wedding registry service teeter on the edge, Etsy is stepping in to fill any potential void. Etsy announced on Wednesday that the online marketplace for handcrafted items is launching its own wedding registry. In addition to selecting registry items from Etsy’s vast offerings of handmade and vintage items, the company said the Etsy Registry will also provide couples with a personalization service for nuptial-related paraphernalia, such as wedding decor and bridal party items. “So, launching Etsy Registry was a natural next step,” she said. Etsy has launched its own wedding registry called Etsy Registry.

☆ Opinion | Republicans Are Running Wild in My State
▼ + stars: | 2023-05-04 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

Political colorists can be promiscuous in calling states purple, but my state is true to that hue. Donald Trump prevailed in North Carolina that same year, but only barely. Nearly 2.6 million North Carolinians declare themselves unaffiliated, while just over 2.4 million identify as Democrats and just under 2.2 million as Republicans. That’s a huge comedown from what Republicans wanted and from what they’ve repeatedly tried to get for nearly 15 years. Without any fear that the state’s Supreme Court will foil them before the 2024 congressional elections, they don’t have to settle for it.

☆ Argentina's economy teeters on the edge of deeper crisis as market anxiety grows
▼ + stars: | 2023-04-21 | by ( Gabriel Burin | ) www.reuters.com time to read: +3 min

BUENOS AIRES, April 21 (Reuters) - Argentina's economy will teeter on the edge of a deeper crisis in the run up to October's presidential vote as growing market anxiety adds to a harmful mix of drought-induced recession and skyrocketing inflation, a Reuters poll showed. Pointing to an increasingly negative outlook, the number of recession forecasts escalated to 27 of 32 respondents from just 7 of 23 in January. 3 economy into a crisis comparable to the chaotic periods of 1989-1990 and 2001-2002. For Mexico, growth prospects were slightly upgraded to 1.5% this year and 1.6% in 2024 from 1.0% and 1.8% in January - still well below the government's more optimistic scenario of a 3.0% expansion. Reporting by Gabriel Burin in Buenos Aires; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Lawyers for Kroger said in a filing in California federal court that the grocery store shoppers who sued over the deal have failed to define the relevant market necessary to evaluate grocery store competition and to identify how the acquisition would hurt consumers. The attorneys said the lawsuit was lacking "real-world facts." U.S. competition law "does not turn every grocery store consumer in the country into a roving antitrust enforcer," lawyers for Kroger told U.S. District Judge Vince Chhabria. State antitrust enforcers also are looking at the deal. The case is Whalen v The Kroger Co, Albertsons Companies Inc et al, U.S. District Court, Northern District of California, No.

☆ Fed's Powell heads to Capitol Hill this week, and he's going to have his hands full
▼ + stars: | 2023-03-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

It was made worse by the Fed not recognizing it in 2021," said Komal Sri-Kumar, president of Sri-Kumar Global Strategies. "If you're going to have a no-landing scenario, then you're going to accept 5% inflation, and that's politically unacceptable. He has to work on bringing inflation down, and because the economy is so strong it's going to get delayed. 'Ongoing increases' aheadFor his part, Powell will have to find a landing spot between the competing views on policy. However, Guha said that Powell is unlikely to tee up the half-point, or 50 basis point, rate hike later this month that some investors fear.

☆ Teeter: Both sides of the 60-40 portfolio model still look compelling
▼ + stars: | 2023-03-01 | 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 EmailTeeter: Both sides of the 60-40 portfolio model still look compellingRobert Teeter of Silvercrest Asset Management says the market has done a pretty good job of digesting the "higher" part of higher interest rates, but is still coming to terms with the "longer" portion of that scenario.

☆ Grocery consumers sue to block Kroger’s $25 bln buy of Albertsons
▼ + stars: | 2023-02-03 | by ( Mike Scarcella | ) www.reuters.com time to read: +3 min

Kroger is the biggest grocer in the U.S. by revenue, and Albertsons is the second-largest supermarket chain. Nearly 5,000 grocery stores would be under one corporate umbrella if the deal, announced in October, goes through. A representative for Albertsons declined to comment on Friday, and a Kroger spokesperson did not immediately respond to a message seeking comment. Kroger operates stores under banners including Harris Teeter, Pay Less and King Soopers. U.S. antitrust law lets private consumers sue over proposed mergers and acquisitions, apart from any enforcement action brought by a state or federal agency policing competition laws.

☆ China aims to boost consumption and imports as global demand cools
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Jan 28 (Reuters) - China's cabinet said on Saturday it would promote a consumption recovery as the major driver of the economy and boost imports, state broadcaster CCTV reported, at a time of cooling global demand as major economies teeter on the brink of recession. It also discussed measures to support farmers to start spring planting, including subsidies for soybean sowing, CCTV reported. But they said households were likely to be moderate in releasing pent-up demand. Chinese exports shrank sharply in December as global demand cooled, but a more modest decline in imports led economic analysts to forecast a slow recovery in domestic demand in the coming months. Growth is expected to rebound to 4.9% in 2023, before steadying in 2024, according to a Reuters poll of economists.

☆ Jury convicts Kansas man of threatening to kill congressman
▼ + stars: | 2023-01-20 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Jurors found Chase Neill, 32, of Lawrence, guilty of a single count of threatening a U.S. government official. The judge had Neill give his testimony Thursday as a narrative from the witness stand because he was representing himself. Neill admitted in court that he left the June 5 voicemail and others with more death threats the next day. Hunting told jurors that it was reasonable for LaTurner and his staff to take Neill’s words seriously as threats. “I’m really trying to explain how I interact with God, and it’s a difficult explanation,” Neill told jurors during his testimony Thursday.

☆ The case for investing in China's reopening is strong. Here's how to proceed with caution
▼ + stars: | 2023-01-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +11 min

Strategists see China's markets easily scoring double-digit gains this year. The case for investing outside the U.S. is strong, particularly with the dollar coming off its highs and looking at further downside. "While China's reopening is undoubtedly a turning point, there remain reasons to be cautious," wrote Barclays equity strategists. But still the prospects for China's economy are much brighter than they were just several months ago. The Covid lockdown has been so damaging to the Chinese economy, they want to get back to a growth path in 2023."

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