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Dollar firm following sharp rebound as Fed speakers eyed
  + stars: | 2024-09-26 | by ( ) www.cnbc.com   time to read: +4 min
Earlier this week, Chicago Fed President Austan Goolsbee said policymakers "can't be behind the curve" if the economy is to have a soft landing. Atlanta Fed President Raphael Bostic said the central bank needn't go on a "mad dash" to lower rates. Later Thursday, Fed Chair Jerome Powell gives pre-recorded remarks at a conference in New York, where New York Fed President John Williams also speaks. Boston Fed President Susan Collins and Fed Governors Michelle Bowman and Lisa Cook take to the podium at various other venues as well. Minutes from the Bank of Japan's July meeting, when the central bank raised short-term interest rates, showed policymakers were divided on how quickly the central bank should raise interest rates further.
Persons: Adriana Kugler, Austan Goolsbee, Raphael Bostic, I'm, it's, Kenneth Crompton, Jerome Powell, John Williams, Susan Collins, Michelle Bowman, Lisa Cook, NAB's Crompton, Sterling, bitcoin Organizations: Reserve, Fed, Chicago Fed, Atlanta Fed, National Australia Bank, New York Fed, Boston, Weekly U.S, Traders, Bank of Japan's, Swiss Locations: New York
I had never visited San Francisco and arrived without a place to live. Once I got my bearings in San Francisco, I would start chasing after the dream job for which I uprooted my life. The perks were as good as advertised, and Google met my expectations of a dream job. I had moved across the country for my dream job, so I wouldn't let a four-hour daily commute stop me now. It started by uprooting my life and commuting four hours a day for my dream job at Google, and it was totally worth it.
Persons: , Mike Manalac, It's, Vince Vaughn, Owen Wilson, San Francisco I, Tesla, I'd, don't, Lauryn Haas Organizations: Service, Google, CPA, Business, Walmart's, Silicon, Baltimore, Facebook, Fortune, Big Tech, Amazon Prime, LinkedIn, Sunnyvale, San, lhaas Locations: Chicago, CohnReznick, Baltimore, PwC, San Francisco, Sunnyvale , California, Silicon Valley, San, San Bruno, Sunnyvale, East Coast , West Coast, Midwest
Finally, and most importantly, for the subject for this week's podcast, he's the Esports World Cup CEO. So if I would have any idea, any understanding on video games, right, I would watch that too. There's always a clear qualifying way to go to the Esports World Cup, right? I mean, in stadiums, security is being paid by the state for big competition, like a World Cup, right? Arjun KharpalAnd Ralf are you likely to keep the Esports World Cup in Saudi if you renew this next year?
Persons: Ralf Reichert, CNBC's, Tom Chitty, Reichert, Paris, Ralf Reichart, you've, it's, Arjun Kharpal Ralf, I've, I'd, There's, Arjun Kharpal, we're, haven't, Ralf Reichart It's, what's, Tom Chitty Ralf, What's, I'm, esports, we've, We've, Ralf, Ralf Reichart I'd, that's, Arjun, Tom, we'll Organizations: Sports League Gaming, MLS, Premier League, esports, Saudi Locations: esports, Riyadh, Saudi, German, Gothenburg, Sweden, Bangladesh, China, East, Africa, Saudi Arabia
Lupita Nyong'o voices the main character Roz in "The Wild Robot," in theaters Friday. Lupita Nyong'o voices Roz in "The Wild Robot." She'd strained her vocal cords so much doing Roz's voice that they formed a polyp, a growth on the vocal cords that forms due to overuse or misuse. Related stories"I wasn't even aware, honestly, of the stress she was putting on her own voice," Sanders said. "The Wild Robot" director Chris Sanders and Lupita Nyong'o.
Persons: Roz, Nyong'o, , Lupita Nyong'o, Chris Sanders, Sanders, She'd, Lupita, Craig Barritt, Getty Nyong'o, Seth Meyers, Taylor, who's Organizations: Service, DreamWorks
I tried store-bought pancake syrup from six brands to see which provided the best taste and value. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've never given much thought to the different varieties of pancake syrup at the grocery store — I typically grab whatever's on sale. For baking, I only use real maple syrup made without high-fructose corn syrup or corn syrup. But pancake syrup definitely has its place on the breakfast table.
Persons: , I've Organizations: Pearl Milling Company, Service, Business
John Amis/AP Minnesota Vikings running back Aaron Jones lands in the end zone for a touchdown in Minneapolis on September 22. Brad Penner/USA Today Sports/Reuters Atlanta Falcons wide receiver Darnell Mooney scores a touchdown during the team's 22-21 win over the Philadelphia Eagles in Philadelphia on Monday, September 16. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Vincent Carchietta/USA Today Sports/Reuters Miami Dolphins and Jacksonville Jaguars players pray together at the end of the game in Miami Gardens, Florida, on September 8.
Persons: It’s, Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Brad Penner, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, he’s, Darnold, ” Darnold, Brian Flores, Kevin O’Connell, Joe Burrow, Burrow, Andy Dalton, Dalton, Denny Medley, Reuters Burrow, , haven’t, Josh Allen, He’s, Allen, Lamar Jackson’s, Derrick Henry –, Jackson, skillset Jackson, ” Allen, , “ He’s, , Jayden Daniels, Katie Stratman, Reuters “, ” Daniels, “ I’m, Mike Macdonald, Tua, Skylar Thompson, Tim Boyle, Tyler Huntley Organizations: CNN, NFL, Saints, Philadelphia Eagles, New England Patriots, Houston Texans, Cleveland Browns, Chicago Bears, Tampa Bay Buccaneers, Las Vegas Raiders, Miami Dolphins, Dallas Cowboys, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, New York Jets, The Jets, USA, Sports, Reuters Atlanta Falcons, AP Kansas City Chiefs, Cincinnati Bengals, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, Cowboys, Reuters Washington, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Titans, Bears, Reuters, Patriots, Bengals, New York Giants, AP Buffalo Bills, Arizona Cardinals, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, 49ers, Texans, Cincinnati, Carolina, Browns, Ravens, Buffalo, Sunday, Monday’s, Cardinals, Detroit Lions, Disney, Lions, Seattle Seahawks, Seahawks, Seattle, Dolphins, Jaguars, New Orleans Saints, Carolina Panthers, Los Angeles Rams, Pittsburgh Steelers, Indianapolis Colts, Denver Broncos, Washington Locations: Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, East Rutherford , New Jersey, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Santa Clara , California, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Minnesota, Carolina, San Francisco, Charlotte, Baltimore, Washington, Arizona, Detroit
I'm a mom and dietitian, and I don't mind feeding my toddler processed foods. AdvertisementI'm a dietitian, and I feed my 2-year-old processed foods. Not all processed foods are created equalProcessed foods exist on a spectrum, ranging from minimally to heavily processed, otherwise known as ultra-processed foods. AdvertisementI feed my toddler processed foods alongside whole foodsAs a dietitian and a mom, I seek foods that are easy to prepare and nutritious for my toddler. Related storiesIn our household, I serve processed foods alongside whole foods.
Persons: , Kraft Organizations: Service
Micron has seized the limelight in the AI space after its latest earnings report. AdvertisementMicron is stealing the show in the AI space — at least for now — as investors bask in its latest earnings results. Though its year-to-date gains have badly lagged other AI behemoths like Nvidia, Micron shares rose as much as 20%. Trading volume jumped to 42.5 million mid-day Thursday, outpacing interest in other firms in the AI space, like Intel, Tesla, and Palantir. Bank of America raised its price target for Micron to $125 a share, implying over 30% upside.
Persons: , Rosenblatt, William Kerwin, David Morrison Organizations: Micron, Wall Street, Service, Nvidia, Intel, Micro Computer, Tesla, Bank of America, MU, Morningstar, Bloomberg, Nasdaq, Micron Technology, Trade Nation Locations: New York
While parents have used location-tracking apps to keep an eye on their kids since the tech was invented, millennials and Gen Zers are now turning the all-seeing eye onto their parents. The kids who grew up with extra watchful parents are now carefully eyeing their parents' every move. While phones lacked tracking technology when Shafer was younger, her parents set hard limits on which hours she could use her first cellphone and whom she could contact. She described her mom and dad's parenting style as "very typical of overbearing parents, especially immigrant parents." And more parents are tracking their kids in college to help quell their anxiety about the separation.
Persons: Sherry Howard, Howard, , TikTok, Zers, Gen Zers, Kacy Shafer, Shafer, Stephiney Foley, Foley, Kelley Roebuck, Cousin Erica's, Roebuck, y'all, Gabrielle Lask, Lask, didn't, Dr, Kanchi Wijesekera, Julianne Goldfinger, Goldfinger, she's, I'm, Wijesekera, Joy Loverde, Loverde, they've, it's, Julia Pugachevsky Organizations: The New York Times, Pew, Business Locations: Ohio, Caribbean, West Virginia, New York, Shanghai, Smoky, Tennessee, Seattle, Florida, Illinois, California
[The stream is slated to start at 11:30 a.m. Please refresh the page if you do not see a player above at that time.] Federal prosecutors are expected to announce public corruption charges against New York City Mayor Eric Adams Thursday in a press conference in lower Manhattan. Adams has been indicted on criminal charges related to contributions to the Democrat's 2021 mayoral campaign. Damian Williams, U.S. Attorney for the Southern District of New York, James Dennehy, FBI New York Assistant Director in Charge, and Jocelyn E. Strauber, Department of Investigation Commissioner, will deliver remarks at the press conference.
Persons: Eric Adams, Adams, Gracie, Damian Williams, James Dennehy, Jocelyn E Organizations: New York City, FBI, Attorney, Southern, of, York, Department of Investigation Locations: Manhattan, U.S, of New York
Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.
Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S
AdvertisementOn the first day of my quiet vacation, I had great luck with the timing. After that incident, I was so anxious about getting caught while quiet vacationing during work hours that I changed my approach. AdvertisementMy trip turned from quiet vacationing to a workcation with reduced working hours — but it was still very worth it. I told my job I was in ItalyWhen I first went on my quiet vacation, I tried to keep it secret. It just feels so much better to do the work first and then enjoy your vacation to the maximum.
Persons: , Holly Andrews, I'd, It's, Tess Martinelli Organizations: Service, Business, Italy — Locations: Newport , United Kingdom, Bari, Italy, Bari Castle, tmartinelli
Located within Grand Teton National Park, JAC is popular among private jet travelers. Despite flying commercial, I found JAC to be the most luxurious airport experience. Go to newsletter preferences Thanks for signing up! Jackson Hole Airport (JAC) is the most luxurious and unique facility I've ever flown through. During my first trip to Wyoming in September, I flew in and out of JAC, a small airport located within Grand Teton National Park.
Persons: JAC, Organizations: Jackson, Airport, Service, Business Locations: Grand Teton, Jackson, Wyoming
I liked the idea of doing the same thing, but without the criminal intent: finding those problems and fixing them. This flashy example was made for entertainment, but it still showcased how real criminals use fake profiles, phishing websites, and malware to compromise a person or company. New scams are being developed every dayI see multiple new scams or cyber security problems every day. It's creating better-looking scams, while deepfakes, voice clones, and video filters make it easier to fool people into believing things on the internet. AdvertisementWe're seeing romance scams where scammers are using deepfake video filter tools to pretend to be celebrities, for instance.
Persons: , Laura Kankaala, I've, cybercriminals Organizations: Service, Business, LinkedIn Locations: Finnish, Finland
We've put together everything you need to know about where to watch 9-1-1, whether you want to binge-watch old episodes or live stream Season 8. Where to watch 9-1-1 in the USNew episodes of 9-1-1 air on Thursdays at 8 p.m. If you don't have cable or an antenna, you can live stream the network through a variety of live TV packages, including Sling TV, Fubo, or DirecTV Stream. Where to watch 9-1-1 in the UKThe past seven seasons of 9-1-1 are available to stream on Disney+ in the UK. 9-1-1 Season 8 trailerABC dropped a trailer for 9-1-1 Season 8 in early September.
Persons: We've, It's, Ryan Murphy, Brad Falchuk, Tim Minear, Peter Krause, Angela Bassett, Kenneth Choi, Jennifer Love Hewitt, Oliver Stark, Ryan Guzman, Aisha Hinds, Gavin McHugh, VPNs, ExpressVPN, Phil Collins's, Rob Lowe, Gina Torres Organizations: Business, ABC, Sling, DirecTV, Entertainment, DirecTV Stream, Star, Hulu, Global TV, Disney, Lone Star, Lone Locations: Los Angeles, Canada
States of flow can lead to productive work sessions or explain your compulsion to endlessly scroll through social media. The act of pulling the lever turns an uncertain outcome into a certain one. Binary tasks, where the only outcomes are success or failure, aren't very conducive to flow, Melnikoff says. have a yes-or-no outcome, you're better off focusing on a more ambiguous number of consecutive successes or failures, Melnikoff says. "People value the sense that they're being productive and one with the activity that they're engaging in.
Persons: David Melnikoff, Mihaly Csikszentmihalyi —, Melnikoff, doesn't Organizations: Stanford Graduate School of Business, CNBC Locations: States, they're
While HYSA rates are dropping, they're still far higher than many traditional savings account rates. With the Fed cutting rates for the first time in four years, many are anticipating a decrease in the interest rates on high-yield savings accounts — finding a high-yield savings account with a 5% interest rate is already getting harder. High-yield savings accounts are low-riskOne major reason to keep your money in a high-yield savings account is that it is a low-risk option. Interest rates still beat other savings accountsOne of the best reasons to keep your money in a high-yield savings account is the higher interest rate compared to traditional bank savings accounts. High-yield savings accounts are still ideal for your emergency fundHigh-yield savings accounts are an excellent choice for short-term (up to a year) and medium-term (one to five years) financial goals.
Persons: they're, Jovan Johnson Jovan Johnson, Jovan Organizations: Barclays Bank, Bank of America, CPA, Instagram Locations: Atlanta , Georgia
Appaloosa Management's David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility. "Probably two or three interest rates, 25 basis point cuts, they have to do, or they lose credibility," Tepper said. You know, another 25, 25, 25 seems like it's going to have to be done." The super-sized rate cut last week came despite most economic indicators looking fairly solid. "It was around the 90s in that market where the where the Fed cut rates into Y2K in a good economy," he said.
Persons: David Tepper, Tepper, " Powell, Jerome Powell, Rich, " Tepper Organizations: Federal Reserve, Gross, Atlanta Fed, U.S, National Football League's Carolina Panthers Locations: U.S, China
CNN —The ball that made Shohei Ohtani the inaugural member of the 50-50 club and placed him firmly in the history books (again) is up for sale – and could be yours for a mere $4.5 million. The outing was the first three-homer game as well as the first 10-RBI game of Ohtani’s career. The ball from the game is now going up for auction, with bids starting at $500,000 – but keen collectors can purchase it privately for $4.5 million. Two-time AL MVP Ohtani is the first and only member of the impressive 50-50 club – though some fans are hoping he could make it to 60-60. Ohtani has since extended his mark to 53 home runs and 56 stolen bases, with four games of the regular season remaining.
Persons: Mark McGwire’s, auctioneers Goldin, , ” Auctioneers, ” Ken Goldin, Goldin, ” Goldin, Ohtani, Dave Roberts, ” Roberts, Ronald Acuña Jr, Alex Rodriguez Organizations: CNN, Los Angeles Dodgers, Miami Marlins, Dodgers, Miami, Los Angeles Angels, ESPN, Atlanta Braves, Seattle Mariners Locations: Miami
AdvertisementOn the first day of my quiet vacation, I had great luck with the timing. After that incident, I was so anxious about getting caught while quiet vacationing during work hours that I changed my approach. AdvertisementMy trip turned from quiet vacationing to a workcation with reduced working hours — but it was still very worth it. I told my job I was in ItalyWhen I first went on my quiet vacation, I tried to keep it secret. It just feels so much better to do the work first and then enjoy your vacation to the maximum.
Persons: Holly Andrews, , I'd, It's, Tess Martinelli Organizations: Service, Italy — Locations: Italy, Newport , United Kingdom, Bari, Bari Castle, tmartinelli
Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. AdvertisementUS stocks rallied on Thursday, fueled by China stimulus measures and positive jobs data to pare losses from yesterday. The indexes rallied after leaders in China pledged to support the economy with more strong policy measures. The indexes' gains were also fueled by positive labor market data. Meanwhile, second-quarter GDP came in unrevised at a 3% annualized rate, according to data released Thursday.
Persons: , Eric Jackson, SocGen Organizations: Service, Labor Department, Federal Reserve Locations: China, unrevised
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Starbucks shares rose roughly 2% on an analyst upgrade and the stimulus news out of China. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Bernstein, Brian Niccol, Jim Cramer's, Jim Organizations: CNBC, Micron, Saudi, Club, Jefferies, GE Healthcare, UBS, GE, Jim Cramer's Charitable Locations: China
The logo of Swedish clothing retailer H&M hangs over one of its stores on March 28, 2018 in Berlin, Germany. Shares of H&M tumbled as much as 8% on Thursday after the world's second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target. The Swedish clothing retailer reported that operating profit for the group's fiscal third quarter came in at 3.51 billion Swedish crowns ($345.8 million), which compared to 4.74 billion Swedish crowns a year ago. H&M dropped its earnings margin target for 2024 after warning of more challenging conditions earlier in the year. At present we estimate that this year's operating margin will be lower than 10 percent," H&M's Ervér said in a written statement.
Persons: LSEG, Daniel Ervér, Helena Helmersson, Ervér, Inditex, M's Ervér, M Organizations: Reuters, UBS Locations: Berlin, Germany, Swedish, Zara, London, Stockholm
I compared pumpkin pies from Walmart, Kroger, Safeway, and Costco. I taste-tested pumpkin pies from four different grocery stores near me. Molly AllenAs a professional baker, I know how to make a solid pumpkin pie at home — but sometimes grabbing one from a local grocery store is the best option. Because pumpkin pies are typically made with a custard filling, which contains milk and eggs, the USDA recommends keeping them refrigerated. At the Costco and Safeway, I went to, the pumpkin pies were kept in a refrigerated area.
Persons: Molly Allen, Walmart — Organizations: Walmart, Kroger, Safeway, Costco, USDA
The logistics of having to haul all the stuff three kids need felt like an impossible task with just two parents. AdvertisementI hated traveling with strollersMy kids are only two years apart, so we've always traveled with a stroller. The JetKids ride-on suitcase allows you to drag your kid around the airport with ease. Kids sit on the little suitcase and hold on to a strap, and the parent has a long strap to pull it. AdvertisementI tried it while traveling with my twins aloneRecently I traveled with my twins by myself for the first time.
Persons: , I'm, strollers, we've, you've, We've Organizations: Service, Business, Passengers, Facebook Locations: Argentina, Miami
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