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Federal Reserve Chair Jerome Powell's speech gave the stock market a jolt higher, reaffirming expectations for interest rate cuts going forward. Still, I believe the Fed will remain data dependent, which should temper euphoria and keep the S & P 500 in its 2024 range. I want to embrace this range and position accordingly for U.S. equites to again cool off going into September. Volatility has been the overarching theme for August, and I believe the recent uber-sensitivity to macro data will keep markets extraordinarily spastic. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Jerome Powell's, equites, Powell Organizations: Nvidia, Fed, CNBC, NBC UNIVERSAL
In this photo illustration, the Roblox app seen displayed on a smartphone screen and a Roblox logo in the background. The platform also serves as a digital social hub where users can connect with their friends online and attend virtual events. Roblox has 79.5 million average daily active users as of the second quarter of 2024, according to the company's fiscal Q2 2024 earnings report released on Aug. 1. In fiscal year 2023, Roblox counted 68.4 million daily active users, a majority of them younger than 25. CNBC calculated how much a $1,000 investment in Roblox would be worth now if you had invested in the company both one year ago and when it went public.
Persons: Roblox, Gucci, David Baszucki Organizations: Roblox Studios, NFL, PlayStation, New York Stock Exchange, CNBC Locations: Newzoo, Roblox
Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. Of the 1,143 cars up for sale, only 821 sold — marking a 72% sell-through rate, according to Hagerty. There were simply too many similar cars at too many auctions to generate strong prices and sales. "It's saturation," said Simon Kidston, the founder of Kidston and a leading advisor to wealthy car collectors. At the same time, a new generation of collectors driving the market — mainly Gen Xers and millennials — prefer cars from the 1980s, 1990s and 2000s.
Persons: Robert Frank, Bonhams —, Simon Kidston, Xers, millennials Organizations: Monterey Car, Arrow, Gooding & Company, Ferraris, Credit, Gooding, Company, Ferrari, Sotheby’s Locations: Monterey —, Monterey
Meet the Rural Voters Who Could Swing North Carolina’s ElectionThe most rural of the battleground states this year is North Carolina. Scroll to play video Muted Gracie Torres Gracie Torres Nick Ellison Nick Ellison Sonja Stone Sonja Stone Sharon High-Jones Sharon High-Jones Gracie Torres Gracie Torres Julius Syfrett Julius Syfrett Paige Chesson Paige Chesson Connor Webb Connor Webb Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Greg Mason Greg Mason Sharon High-Jones Sharon High-Jones Paige Chesson Paige Chesson Carl Smith Carl Smith Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Nick Ellison Nick Ellison Julius Syfrett Julius Syfrett Nick Ellison Nick Ellison Connor Webb Connor Webb Nick Ellison Nick Ellison Amanda Cameron Amanda Cameron I think Trump is a good candidate. I try to make prayerful decisions whenever I’m going in to vote. Scroll to play video Muted Julius Syfrett Julius Syfrett Politicians don’t know crap about a working man out here. When I go to vote, I’m going to be thinking When I go to vote, I’m going to be thinking a whole lot about taxes and inflation.
Persons: Connor Webb Connor Webb Nick Ellison Nick Ellison Sharon High, Jones Sharon, Jones Paige Chesson Paige Chesson Sonja Stone Sonja Stone Alberto Herrera Alberto Herrera Julius Syfrett Julius Syfrett Nick Ellison Nick Ellison Amanda Cameron Amanda Cameron Sharon High, Jones Julius Syfrett Julius Syfrett Connor Webb Connor Webb Greg Mason Greg Mason Amanda Cameron Amanda Cameron Carl Smith Carl Smith Alberto Herrera Alberto Herrera Gracie Torres Gracie Torres Sonja Stone Sonja Stone Sharon, Jones Nick Ellison Nick Ellison Connor Webb Connor Webb Gracie Torres Gracie Torres Nick Ellison Nick Ellison Connor Webb Connor Webb, I’m, I’ve, Wilson, Kamala Harris, Biden, Anderson Clayton, David Sherrod, Donald J, Mr, Sherrod, ” David Sherrod Jamar Jones, Jamar Jones, Jones, Trump, Gracie Torres Gracie Torres Nick Ellison Nick Ellison Sonja Stone Sonja Stone Sharon, Jones Gracie Torres Gracie Torres Julius Syfrett Julius Syfrett Paige Chesson Paige Chesson Connor Webb Connor Webb Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Greg Mason Greg Mason Sharon High, Jones Paige Chesson Paige Chesson Carl Smith Carl Smith Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Nick Ellison Nick Ellison Julius Syfrett Julius Syfrett Nick Ellison Nick Ellison Connor Webb Connor Webb Nick Ellison Nick Ellison Amanda Cameron Amanda Cameron, There’s, you’re, Harris “, Harris, , Kamala, , Joker, He’s, stoking resentments, Julius Syfrett Julius Syfrett, That’s, Carl Smith Carl Smith, Race, Flor Herrera, Picasso, Sonja Stone Sonja Stone Gracie Torres Gracie Torres Nick Ellison Nick Ellison Connor Webb Connor Webb Amanda Cameron Amanda Cameron Sharon High, Jones Sonja Stone Sonja Stone Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Sharon High, Jones Gracie Torres Gracie Torres Sonja Stone Sonja Stone Julius Syfrett Julius Syfrett Sharon, Jones Connor Webb Connor Webb I’m, Donald Trump, we’ve, It’s, John Reed, John Reed “, Reed, Robert F, Kennedy Jr Organizations: Rural, Raleigh People, Democratic, Democratic Party, Trump, North Carolina Democrats, Carolina, Minor League Baseball, Residents Locations: North Carolina, Texas, Wilson County, Raleigh, It’s, Wilson, United States, America, Nash County
One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.
Persons: , Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover
North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize tours to the country. This undated picture released by North Korea's official Korean Central News Agency (KCNA) on November 28, 2016 shows North Korean leader Kim Jong-Un (C) standing among skiers in Samjiyun. The efforts could help North Korea with its economic recovery from the devastating impacts of the global pandemic. The only nationalities restricted from travel to North Korea as tourists are citizens of the Republic of Korea. It is likely that an opening of Samjiyon is aimed at attracting Chinese travelers, who constituted the majority of international tourists visiting North Korea before the pandemic.
Persons: Kim Jong, Kim Jong Un Organizations: North, Korean Central News Agency, Department of State, NK News Locations: Koryo, Korean, Beijing, Samjiyon, North Korea, Samjiyun . North Korea, Russian, Koryo Tours, Republic of Korea, The U.S, Pyongyang, U.S
Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Cisco shares jumped about 7% on Thursday for their best day since November 2020, after the computer networking company said it's cutting 7% of its workforce and reported quarterly results that beat analyst estimates. Cisco reported $13.64 billion in revenue for the quarter, ahead of Wall Street estimates of $13.54 billion. Revenue fell 10% from the year-ago quarter, marking the third straight quarter of sales declines. WATCH: Cisco CEO Chuck Robbins on Q4 results
Persons: Chuck Robbins, Morgan Stanley, CNBC's, Robbins, — CNBC's Michael Bloom, Ari Levy Organizations: Cisco, Bloomberg, Economic, Revenue, Bank of America Locations: Davos, Switzerland
U.K. stocks are looking particularly attractive after a fresh bout of market volatility, according to the chief investment officer of financial firm Wren Sterling. It is in this context that Wren Sterling's Rory McPherson believes British stocks look "cheap" and "under-owned." When asked whether investors should consider U.K. stocks as part of a shift away from U.S. tech companies, McPherson replied, "Well, we think so. I mean you look at the market like the U.K., it's on 12 times earnings, its cheap, its under-owned. Analysts have recently turned bullish on U.K. stocks, which had been unpopular for years.
Persons: Wren Sterling, Wren, Rory McPherson, McPherson, CNBC's, " McPherson Organizations: Global, U.S, Analysts, BlackRock Investment, BlackRock, Labour Party, CNBC, Bank of, Bank of England Locations: U.S
Ninety-three percent of the fund managers in the survey are expecting lower short-term rates in the next 12 months, marking the highest percentage in the past 24 years, BofA said. .SPX YTD mountain S & P 500 Only 31% of fund managers are overweight stocks now, down from 51% in July, the survey showed. Global growth expectations are at their lowest in 8 months with about half of respondents expecting weaker growth the next 12 months, the survey showed. Still, the majority of investors (76%) expect the Fed to engineer a soft landing, up from 68% last month, the survey said. The August survey from BofA captured the sentiment of 220 respondents with $590 billion in assets under management.
Persons: BofA, Michael Hartnett Organizations: Federal Reserve
Courtesy Marian IppelHer lawsuit names as defendants the Grace Christian Reformed Church of Grand Rapids and affiliates, including the Christian Reformed Church in North America, a Protestant Calvinist Christian denomination also based in Grand Rapids. The Grace Christian Reformed Church did not immediately respond to requests for comment. “Recovered memory cases are difficult because you may need corroborating evidence, particularly when a child is very young,” Cadigan, who is not associated with Ippel’s case, said. The Christian Reformed Church in North America said it was unaware of any other complaints against the deacon, but said it investigates claims when people come forward. Abuse awarenessThe Christian Reformed Church, which counts about 230,000 followers in North America, has known of a history of abuse within its member churches, according to the suit.
Persons: Marian Ippel, ” Ippel, ” Marian Ippel, Ippel, Lynne Cadigan, ” Cadigan, , Marian, Ippel’s, Marian’s, , wasn’t, Megan Bonanni, Larry Nassar, ” Bonanni, John Wixted, Wixted, James Hopper, Cadigan, they’re Organizations: Kent County Circuit, NBC News, Grace Christian Reformed Church, Christian Reformed Church, Catholic, , Abuse Prevention, Catholic Church, University of California Locations: Grand Rapids , Michigan, Kent County, Grand Rapids, North America, Arizona, Guinea, Michigan, Manhattan Beach , California, San Diego
Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.
Persons: , Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A particular focus for these funds built on the back of petrodollars has been to build ownership and influence in the tech sector. FETHI BELAIDOver the past week, PIF and Mubadala have been busy figuring out what to do when their unbridled ambitions for tech companies face reality. Reports from the Financial Times and Bloomberg have shone a light on efforts being made by the sovereign wealth fund to boost returns in European startups in which it has invested billions of dollars. AdvertisementSeveral of these nascent tech companies, such as the insurance firm WeFox, have been bruised by shifting sentiment in the markets in recent years.
Persons: , Abu Dhabi's Mubadala, SoftBank's, ByteDance, Prince Mohammed bin Salman, Peter Rawlinson, Lucid, John Keeble, Rawlinson, PIF, it's, Mubadala Organizations: Service, Saudi, Public Investment Fund, Business, PIF, Financial Times, Bloomberg Locations: Middle, petrodollars, Saudi, California
Many fleet sales, especially daily rentals, have historically been viewed as a negative for auto companies. But Ford has proven that's not always the case by breaking out financial results for its "Ford Pro" fleet business. Ram, GM retoolAs Ford touts its fleet business, its closest rivals have amped up their operations. It launched "GM Envolve" last year, its overhauled fleet and commercial business focused on fleet sales, digital telematics and logistics for commercial customers. EV goalsGM Envolve includes the company's EV commercial business BrightDrop, which was folded back into the automaker last year instead of it acting as a subsidiary.
Persons: Mark Hazel, It's, Ford, Ferrari, Jim Farley, Wolfe, Joe White, Farley, BofA's John Murphy, Ram, Christine Feuell, Stellantis, Ram Ram, Ken Kayser, Sandor Piszar, Motors, Piszar, EV600 Organizations: Ford DETROIT, U.S, automakers, Ford Motor, General Motors, Chrysler, P Global Mobility, Ford, Ford Pro, Wolfe Research, North, GM, Ford Super Duty, Reuters, GM retool, CNBC, Software, Stellantis, GM Envolve, Sierra, GM Fleet, EV Locations: Dearborn , Michigan, U.S, North America, Europe, Kentucky, Louisville , Kentucky, Stellantis, Detroit
Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on the stock to $110 per share from $130 but said it is sticking with Disney shares. Morgan Stanley upgrades Prosperity Bancshares to overweight from equal weight Morgan Stanley said the regional bank has "best in class capital and growing liquidity." Morgan Stanley initiates MKS Instruments as overweight Morgan Stanley said the controlling and measuring device manufacturing company is well positioned. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it is sticking with the stock following its quarterly 10-Q report. " Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it is sticking with its overweight rating on the stock following Walmart+ membership hitting a record high according to its survey checks.
Persons: Mizuho, Morgan Stanley, Disney, Lockheed Martin, Berkshire Hathaway, HOOD, Apple, Jefferies, Mars, Bernstein Organizations: Bank of America, Nvidia, Disney, Gulfport Energy, RBC, Lockheed, UBS, Berkshire, Berkshire Hathaway, Citi, RBC downgrades Moderna, Moderna, Walmart, underperform Bank of America, Netflix, Reuters, Kellanova, Boeing Locations: China, Gulfport, Berkshire, Underperform
It may be even harder now that cracks are forming in the labor market. The jobs report was not a disaster, by any stretch, and it’s no guarantee of a looming recession. But it was a surprise, and economists expressed concerns about how quickly the labor market appears to have downshifted. For Wall Street, the surprise slowdown was the bitter cherry on top of a sundae of disappointing tech earnings. (In other words, Wall Street may have overreacted because, well, that’s just kinda the way Wall Street does things.)
Persons: Harris, couldn’t, that’s, , Heidi Shierholz, Kamala Harris, Sam Stovall, it’s, It’s, Joe Biden’s, Jason Smith of, , Biden Organizations: New, New York CNN, Biden, Economic Policy Institute, Democratic, CFRA Research, , Dow, Nasdaq, Republicans, GOP, Harris Administration, Connecticut GOP Locations: New York, Jason Smith of Missouri, Connecticut
CLARKSBURG, W.Va. — An inmate was sentenced to more than four years Thursday for his role in the 2018 fatal bludgeoning of notorious Boston gangster James “Whitey” Bulger in a troubled West Virginia federal prison. Massachusetts gangster Paul J. DeCologero was sentenced in federal court after pleading guilty to an assault charge. Defense attorney Patrick Nash began by conveying an apology from DeCologero to Bulger’s family as well as the inmate’s own relatives. In Bulger’s killing, “Paul was involved,” Nash said. After Bulger was killed, prison officials were criticized for placing him in the general population instead of more protective housing.
Persons: , James “ Whitey ” Bulger, Paul J, DeCologero, Prosecutors, Fotios “ Freddy ” Geas, Bulger, Thomas Kleeh, ” DeCologero, Patrick Nash, Nash, “ Paul, ” Nash, Paul, he’s, , Attorney Brandon Flower, Geas, Flower, Sean McKinnon, McKinnon, on.Prior, Adolfo “ Big Al ” Bruno, Genovese Organizations: Boston, USP Hazelton, U.S, District, , Attorney, Prosecutors, Justice Department, FBI, Justice, of Prisons, U.S . Senate, Prisons, Associated Press Locations: CLARKSBURG, W.Va, West Virginia, Massachusetts, Florida, DeCologero, Hazelton ., Hazelton, Boston, Springfield , Massachusetts
What it means to have a ‘Black job’ in America
  + stars: | 2024-08-04 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +5 min
Still, the discussion comes as Black workers have made significantly positive — and, in many cases, historic — employment advancements. “So, to suggest that immigration is lowering the black employment rate is just not bearing out, based on this superficial look at the facts,” Algernon said. The pandemic recovery and economic expansion since has resulted in wage gains for many workers, and that has included Black workers, she noted. “We talk a lot about the 2-to-1 ratio between Black and White unemployment (the Black unemployment rate typically is twice the White unemployment rate), so, the progress has been marginal in terms of that disparity.”In July, the unemployment rate for White workers was 3.8% (versus 6.3% for Black workers). “For example, according to BLS data, Black workers are just 12.8% of all employed Americans, but 48.4% of postal service workers, 38.1% of nurse assistants, and 36.1% of security guards,” Pollak said.
Persons: Donald Trump, Trump, , Algernon Austin, ” Algernon, there’s, that’s, It’s, Valerie Wilson, ” Wilson, , Julia Pollak, ZipRecruiter, ” Pollak Organizations: CNN, National Association of Black Journalists, Black, Center for Economic, Research, of Labor Statistics, Baby Boomers, BLS
Only a gold medal seemed worthy of her ability. Richardson’s time of 10.87 was good enough to win a silver, her first Olympic medal. Julien Alfred just won the FIRST Olympic medal EVER for Saint Lucia! Richardson missed out on delivering the United States’ first gold medal in the women’s 100 meters since Gail Devers in 1996. She could still win a gold medal in the 4×100 relay on Aug. 9.
Persons: DENIS, Julien Alfred, Saint Lucia, Alfred, Melissa Jefferson’s, 🇱🇨 #, lim, Gail Deve, t have, ela, on A Organizations: FIRST Locations: France
Evan Gershkovich, Paul Whelan and Alsu Kurmasheva make an emotional return to the U.S. Simone Biles and Katie Ledecky add to their Olympic medal collections. Jamie Squire / Getty ImagesBiles won gold in the women’s all-around gymnastics final, reclaiming her 2016 title and becoming the first American to win the Olympic all-around gold medal more than once. Brazil’s Rebeca Andrade won silver, and American Suni Lee, who won the all-around gold medal three years ago in Tokyo, took home the bronze. Katie Ledecky made Olympic history when she won a silver medal in the women's 4x200m freestyle relay final on Thursday. The battle intensifies to define HarrisIt goes without saying that Vice President Kamala Harris’ path to de-facto Democratic presidential nominee has been unprecedented.
Persons: Evan Gershkovich, Paul Whelan, Alsu, Simone Biles, Katie Ledecky, Sonya Massey, Biden, Harris, Joe Biden, Kamala Harris, Alsu Kurmasheva, Whelan, Gershkovich, Kurmasheva, , Vladimir Kara, Murza, Antony Blinken’s, Sergei Lavrov, Suni Lee, Jamie Squire, Biles, Brazil’s Rebeca Andrade, Maddie Meyer, Peacock, Read, rance, wimmer, ▶️, ure, Ana l, J uly, dow, ros, Pres, ena, Gray, ood, Joh, edd, maki, abou, , in Organizations: U.S, Russia, Marine, Joint Base Andrews, Wall Street, Radio Free, Radio Liberty, Paris, unt, pla, us. Locations: Maryland, Germany, U.S, Russia, Slovenia, Norway, Poland, Radio Free Europe, Berlin, Paris, American, Tokyo, Belgium
There are cracks forming in the US jobs market
  + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +9 min
CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, , , , , Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, Locations: Oxford
Best Credit Cards for Excellent Credit of August 2024Compare the Top Credit Cards for Excellent CreditBest mid-tier travel card Chase Sapphire Preferred® Card Apply now lock icon An icon in the shape of lock. Best Credit Cards for Excellent Credit ReviewsConsumers with excellent credit have a lot of options when it comes to credit cards. The Bank of America® Premium Rewards® credit card isn't flashy, but it offers unique long-term value for those who prefer cash back credit card rewards and have a broader banking relationship with Bank of America. The Capital One Venture X Rewards Credit Card is Capital One's entry into the premium credit card market. Credit Cards for Excellent Credit Frequently Asked QuestionsWhat is the best credit card to get with an 800 credit score?
Persons: Read, Merrill, Miles you've, Miles you’ve, Miles, There’s, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Chase, Cardholders, cardholders, you've, you'll, You'll, It's, Peter Rothbart, he's, Peter, Angela Fung Organizations: FICO's, Chase Travel, Chase, Sapphire, Hotel, FDIC, Bank of America, Bank of America's, of America, Bank of America Travel Center, TSA, Travel Insurance, Discover's, Discover . Discover, Capital, One, Premier, Express, American Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Global, Saks Fifth, Saks Fifth Avenue, Business, Finance, TSA PreCheck, PreCheck, Resorts Locations: Hulu, Wells, Seattle , Washington, Vegas, Pacific
This was a day to forget for the United States men’s soccer team. As seen from the graphic below, Morocco dominated the game in key statistical metrics, ending the United States’ hopes of a medal. Thus concludes the United States men’s two-tournament summer. Tanner Tessmann was at the heart of most of the United States’ positive passages. It won’t inspire many hearts and minds, but the United States did exactly that in the first half against Morocco — save for one ill-advised wag of Harriel’s leg.
Persons: Soufiane Rahimi, Ilias Akhomach, Hakimi, Mehdi Maouhoub, United States ’, Jeff Rueter, Greg O’Keeffe, Bryan Reynolds, Ricardo Pepi, Malik Tillman, Gio Reyna, Yunus Musah, Marko Mitrovic, Duncan McGuire, Walker Zimmerman, Miles Robinson, Zimmerman, Alex Gottschalk, McGuire, Griffin Yow, Mitrovic, Djordje Mihailovic, Gianluca Busio, Jack McGlynn didn’t, Maximilian Dietz, Tanner Tessmann, Patrick Schulte, Kevin Paredes, Tim Weah, Nathan Harriel …, Harriel, Paul Ellis, Rahimi, Abdessamad Ezzalzouli, Morocco’s, Morocco —, Marc Atkins, Paredes, Brad Smith, Bilal El Khannous, Greg O’Keeffe Rahimi’s, isn’t, Al, plaudit, Tarik Sektioui’s, John Todd Organizations: United, soccer, Copa America, Olympics, PSV Eindhoven, New, Philadelphia Union, Getty, Real Betis, Guinea, Morocco, Wolfsburg, Paredes ruffled, U.S, Asian Champions League, UAE Locations: United States, Morocco, Parc, States, New Zealand, Guinea, France, Ukraine, U.S, Al Ain, American
The Japanese government raised rates on Wednesday, breaking from its historically dovish stance. The drop comes just two days after the Bank of Japan raised interest rates in an effort to boost the yen's value amidst higher inflation. The BoJ raised rates from a range of 0% to 0.1% to a benchmark 0.25%. The bank raised interest rates for the first time in 17 years back in March, ending its negative interest-rate policy. Others add that, as the market prices in the rate hikes, it will adjust accordingly.
Persons: , Kazuo Ueda Organizations: Nikkei, Service, Bank of, Bank of Japan, Intel, Bank of America, JPMorgan Locations: Tokyo
CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, , , , , Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, Locations: Oxford
I traveled to a bunch of European countries, including France. Kayleigh DonahueI've always heard about Europeans traveling to multiple different countries each year, but I never understood how they were able to afford it. But once I moved to Ireland, I had access to several budget-friendly airlines and was able to do it myself. Airlines like Ryanair, Transavia, Vueling, and easyJet offered flights to other European countries at prices that worked for my budget. Sometimes, my friends and I could even find flights to countries like Italy for only 20 euros.
Persons: Kayleigh Donahue I've, easyJet, I'd Organizations: Airlines, Ryanair Locations: France, Ireland, Italy, Portugal, Spain, Denmark, Netherlands, Greece
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