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☆ NHL looks beyond U.S., Canada for league growth
▼ + stars: | 2024-11-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

A general view during the 2022 NHL Global Series Challenge between the Nashville Predators and the San Jose Sharks at O2 Arena in Prague, Czech Republic, on Oct. 7, 2022. Jumping the pondThe NHL Global Series is not new. In February, the NHL will host its first-ever 4 Nations Face-Off, an international event where league players from Canada, Sweden, Finland and the U.S. will play for their native countries. In 2026, NHL players are planning to participate in the Olympics for the first time since 2014. The hope is that increasing exposure for NHL players on a global stage will be a tailwind for the league.

Persons: Martin Rose, Bill Daly, Daly, Jake Reynolds, Stanley, Rick Burton, Burton, Bill Zito, Sam Reinhart, Miro Heiskanen, Andre Ringuette, Aleksander Barkov, Roope Hintz Organizations: Nashville Predators, San Jose Sharks, O2 Arena, Getty, National Hockey League, NHL, CNBC, American, Devils, New Jersey Devils, Olympics, Syracuse University, Business, North, Global, Florida Panthers, Dallas Stars, Nokia Arena, Buffalo Sabres Locations: Prague, Czech Republic, Canada, Europe, Sweden, Finland, Tampere, U.S, Czech

☆ John Robinson, legendary USC and LA Rams coach, dies at 89
▼ + stars: | 2024-11-11 | by ( Bruce Feldman | ) www.nytimes.com time to read: +7 min

He let his coaches coach.”“It was all coaching,” Robinson told The Athletic in 2020. He became the Ducks’ offensive coordinator in 1960, after graduating, before taking the same job at USC under legendary USC coach John McKay in 1972. When McKay left USC to coach the NFL expansion team Tampa Bay Buccaneers in 1976, Robinson succeeded him. Advertisement“That was a great team,” Hall of Fame safety Ronnie Lott told The Athletic in 2020. “Coach Robinson would say we could go play the Rams any day and we’ll kick their butt.

Persons: John Robinson, Robinson, John Madden’s, —, ”, Paul McDonald, ” John Robinson, tPvQVFBcIO —, Anthony Munoz, Ronnie Lott, Marcus Allen, Bruce Matthews, Dennis Smith, Joey Browner, Chip Banks, Don Mosebar, Roy Foster, Hoby Brenner, Charles White, Keith Van Horne, Jeff Fisher, Riki Ellison, Ed Reed, Andre Johnson, Clinton Portis, Allen, White, “ John Robinson, Van Horne, “, ” Robinson, Hudson Houck, we’re, ” Norv Turner, John McKay, McKay, they’d, would’ve, Sean McVay, “ He’s, McDonald, Richard Mackson Organizations: NFL, USC, tPvQVFBcIO — USC Football, Alabama, resoundingly, Pro Football Hall of Famers, Trojans, NFL Pro, Chicago Bears, San Francisco 49ers, Miami Hurricanes, Athletic, LA Rams, Rose Bowl, Ducks, Madden’s Oakland Raiders, Tampa Bay Buccaneers, Rose, Stanford, ”, of Fame, “, Rams, NFC, UNLV, Rebels, LSU, Tigers, Getty Locations: Daly City, Calif, Baton Rouge , Louisiana, Birmingham, Oregon, Baton Rouge, La

☆ Should I pay off my mortgage in retirement? New book tackles big money questions
▼ + stars: | 2024-11-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Mortgage rates may affect payoff calculusThe mortgage payoff calculus may change based on whether people can outearn their mortgage rates with safe, guaranteed investments, Benz said. For mortgage rates that are 6% or more, paying that balance off will provide a guaranteed return. Admittedly, the argument over whether to pay off mortgages is "much more emotional and psychological than it is financial," Jenkin said. The big money questions people ask themselves to prepare for retirement are just as important as the emotional ones. What brought you joy while you were working may change in retirement, Michael Finke, a professor of wealth management at The American College of Financial Services, tells Benz.

Persons: Jessica Lautz, Benz, JL Collins, Collins, Robert Daly, Ted Jenkin, Jenkin, Michael Finke Organizations: Joint Center for Housing Studies of Harvard University, National Association of Realtors, Benz, Getty, CNBC, CNBC FA, The American College of Financial Services Locations: Atlanta

☆ Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
▼ + stars: | 2024-10-31 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Despite the progress, Peloton is expecting to lose more members and sell fewer bikes and treadmills than Wall Street analysts had expected during its all-important holiday quarter. The company is expecting to have between 560,000 and 580,000 paid app subscribers by the end of its current quarter, compared with expectations of 608,200, according to StreetAccount. It's expecting adjusted EBITDA of between $20 million and $30 million during its current quarter, compared with StreetAccount EBITDA estimates of $13.9 million. For fiscal 2025, Peloton raised its full-year EBITDA guidance – a key metric that investors are watching to gauge the company's future value. It said it's now expecting to generate between $240 million and $290 million in adjusted EBITDA, compared with a previous range of $200 million and $250 million.

Persons: It's, Barry McCarthy, McCarthy, Peter Stern, it's Organizations: Sporting Goods, Wall Street, LSEG Locations: Daly City , California, North America

☆ The bond market is selling off after traders got their Fed forecasts wrong
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. AdvertisementThe bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. That would be a big surprise to traders, with the market pricing in a 90% chance of a 25-basis point interest rate cut from the Fed next month. AdvertisementFed officials, for their part, have indicated they're likely to move cautiously, though more rate cuts are still their base case. Dallas Fed President Lorie Logan said she expects interest rates will fall "gradually," and Kansas City Fed President Jeff Schmid endorsed a "cautious and gradual" approach to cutting interest rates.

Persons: Bonds, —, Donald Trump, Torsten Sløk, Sløk, Mary Daly, Neel Kashkari, Lorie Logan, Jeff Schmid, Trump Organizations: Trump, Service, Federal Reserve, Treasury, Fed, Bloomberg, Bond, Treasury Bond ETF, Federal, Market, San Francisco Fed, Minneapolis, Dallas, Kansas City, House Locations: Atlanta

☆ 10-year Treasury yield rises above 4.11% as investors monitor Fed speeches
▼ + stars: | 2024-10-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The yield on the 10-year Treasury rose about 4 basis points to 4.112%. The yield on the 2-year Treasury was up about 2 basis points to 3.979%. The U.S. 10-year Treasury yield rose above 4.11% on Monday as investors awaited a flurry of speeches from Federal Reserve policymakers. Dallas Fed President Lorie Logan, Minneapolis Fed President Neel Kashkari, Kansas City Fed President Jeff Schmid and San Francisco Fed President Mary Daly are all expected to deliver remarks on Monday as investors await clues on the Fed's monetary policy outlook. The Federal Open Market Committee took the unusual step last month of lowering its baseline interest rate by a half percentage point, or 50 basis points, to a target range of 4.75% to 5%.

Persons: Lorie Logan, Neel Kashkari, Jeff Schmid, Mary Daly, Christopher Waller, Waller, —, Jeff Cox Organizations: Treasury, Federal Reserve, U.S, Dallas, San Francisco Fed, Market Locations: U.S, Minneapolis, Kansas

☆ Here's why inflation may look like it's easing but is still a huge problem
▼ + stars: | 2024-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Inflation is not deadDaly began her talk with an anecdote of a recent encounter she had while walking near her home. But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? As evidenced by the young man's question, convincing people that inflation is easing is a tough sell. watch nowThe annual rate of CPI inflation was 2.4% in September, a vast improvement over the 9.1% top in June 2022. However, year-over-year spending increased just 1.7%, below the 2.4% CPI inflation rate.

Persons: Brandon Bell, Goldman Sachs, Mary Daly, Daly, Goldman, Jerome Powell, —, hasn't, haven't Organizations: Walmart, Federal Reserve, San Francisco Fed, New York University Stern School of Business, Commerce Department, Fed, York Fed, Bank of America, National Federation of Independent Business Locations: Austin , Texas, U.S, , Wyoming, Atlanta, York

☆ CNBC Daily Open: Bullish sentiment and broadening rally – plenty to like about markets
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Breather from rally U.S. markets fell Monday, weighed down by a drop in semiconductor stocks and a 8.1% slide in UnitedHealth . Tech stocks fell 6.36%, while telecoms stocks rose 1.97%. Indeed, San Francisco Fed President Mary Daly, who's a member of the Federal Open Market Committee this year, noted that the central bank is "a long way from where [rates are] likely to settle."

Persons: ASML, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, –, Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: New York Stock Exchange, CNBC, UBS, Tech, ASML's, Bloomberg, Nvidia, AMD, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: New York City, U.S, Tuesday's, Netherlands, ., Beijing

☆ CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineDespite markets falling Tuesday, there's still plenty to like about their current state. Weighed down by ASML's 16% dive and a report by Bloomberg on potential AI-chip export controls, semiconductor stocks like Nvidia and AMD fell 4.7% and 5.2% respectively. Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey.

Persons: DJI, Spencer Platt, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, –, Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: AMD, New York Stock Exchange, Getty, CNBC, ASML's, Bloomberg, Nvidia, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: U.S, Beijing

☆ 10-year Treasury yield dips slightly as traders weigh up Fed officials' comments
▼ + stars: | 2024-10-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield slipped over 1 basis point to 4.021%. The 10-year U.S. Treasury yield wavered slightly early Wednesday as bond traders digested the latest comments from Federal Reserve officials this week. Bond markets reopened Tuesday after the Columbus Day holiday on Monday, with bond traders digesting the latest comments from Fed officials this week. On Tuesday, however, San Francisco Fed President Mary Daly said there's room for the central bank to lower rates further. No Fed officials are due to speak publicly Wednesday and no major economic data releases are due.

Persons: Neel Kashkari, Christopher Waller, Mary Daly, —, Lisa Kailai Han, Sophie Kiderlin Organizations: Treasury, Federal Reserve, Bond, Columbus, Minneapolis, San Francisco Fed

☆ Gold ticks up as Treasury yields slip; U.S. retail sales data in focus
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record high hit last month. The 10-year Treasury yields slipped for a third straight session, making zero-yield bullion more appealing. "The game changer in gold prices is the U.S. monetary policy easing as it sets the stage for investment demand," said ANZ commodity strategist Soni Kumari. Delegates to the London Bullion Market Association's annual gathering predicted gold prices would rise to $2,941 over the next 12 months and silver prices would jump to $45 per ounce.

Persons: Soni Kumari, Mary Daly, Raphael Bostic, Benjamin Netanyahu, Emmanuel Macron Organizations: SA, Treasury, Federal Reserve, ANZ, San Francisco Federal Reserve Bank, Atlanta Fed, London Locations: Budapest, Hungary, U.S, rearming

☆ NFL Power Rankings Week 7: How good are Ravens, Lions? Plus more big questions
▼ + stars: | 2024-10-15 | by ( Josh Kendall | ) www.nytimes.com time to read: +26 min

Baltimore Ravens (4-2)Last week: 3Sunday: Beat Washington Commanders 30-23One Big Question: Which Raven is the MVP frontrunner? Detroit Lions (4-1)Last week: 6Sunday: Beat Dallas Cowboys 47-9One Big Question: Was Sunday a good day or a bad day? (Brian Fluharty / Imagn Images)Last week: 4Sunday: Beat New England Patriots 41-21One Big Question: Can Tank Dell step up? Washington Commanders (4-2)Last week: 5Sunday: Lost to Baltimore Ravens 30-23One Big Question: Is this a new-and-improved Kliff Kingsbury? (Jim Dedmon / Imagn Images)Last week: 10Sunday: Beat Carolina Panthers 38-20One Big Question: Are the Falcons good?

Persons: We’re, Sam Darnold, Darnold, Kevin O’Connell, Watson, Lamar Jackson, Derrick Henry, Adrian Peterson, Aidan Hutchinson, Hutchinson, Dallas, Jared Goff, Smith, Schuster, hasn’t, Xavier Worthy, Adams, Amari Cooper, Dell, Nico Collins, Brian Fluharty, Collins, Kliff, Will, Jayden Daniels, Romeo, Josh Allen, Allen, Bijan Robinson, Jim Dedmon, Kirk Cousins, Drake London, Kyle Pitts, Will Christian McCaffrey, That’s, Ricky Pearsall, McCaffrey, Jordan Mason, Mike Evans, Evans, Larry Fitzgerald’s, Dobbins, Justin Herbert, Cole, Caleb Williams, Cole Kmet, Scott Daly, Kmet, ColeKmet, m., Gian, ove, Y, ake, Ma, ros, uka, Kup, Tua, Nick Saba, “The, Mike McDa, Levi, oda, Netw, ong, lea, Caro, Shad Khad, fini, ”, Kev, Stef, lev, Zac, Goff, Ron J enk Organizations: NFL, Ravens, Lions, Vikings, Jets, Detroit Lions, Browns, Baltimore Ravens, EPA, Tampa Bay Buccaneers, Beat Dallas Cowboys, Cowboys, Minnesota Vikings, Chiefs, San Francisco 49ers, Texans, New England Patriots, Patriots, Dell, Houston, AFC, Green Bay Packers, Washington, Arizona Cardinals, Arizona, Carolina Panthers, Beat Arizona Cardinals, Packers, Colts, Titans, Rams, Cardinals, Houston Texans, Beat New York Jets, Tennessee Titans, Falcons, Beat Carolina Panthers, NFC, Carolina, Panthers, Seattle Seahawks, Beat Seattle Seahawks, 49ers, NFL Network, Kansas City Chiefs, Beat New Orleans Saints, Bucs, Beat Denver Broncos, Chargers, The Broncos, Beat Jacksonville Jaguars, J, ppl, ams, Nac, cAf, oun, ard, ust Locations: Weeks, Kliff Kingsbury ? Washington, TruMedia, Kingsbury, Baltimore, Atlanta, Seattle, Tampa Bay, J.K, Chicago, London, agen

☆ Stock market today: Indexes trade mixed as investors sift through big bank earnings
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks were mixed Tuesday morning as traders assessed the latest earnings, though several results before the bell helped strike a positive tone in early trading. While earnings will be this week's focal point, investors will also watch for September's retail sales and initial jobless claims to release on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Tuesday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:

Persons: —, Goldman Sachs, Wells Fargo, Brent, Adriana Kugler, Mary Daly Organizations: Service, Citigroup, Bank of America, Dow Jones, JPMorgan Locations: Israel, Here's

☆ Dow futures are little changed after index closes above 43,000 for the first time: Live updates
▼ + stars: | 2024-10-14 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Dow Jones Industrial Average futures are near flat Monday night after the blue-chip index closed at a record. S&P 500 futures and Nasdaq 100 futures also both traded near their flatlines. Those moves come after a winning day on Wall Street that propelled the S&P 500 and Dow to new intraday highs and record closes. Information technology stocks led the S&P 500 higher in the session, with the sector finishing nearly 1.4% higher. Beyond banks, United Airlines , Walgreens Boots Alliance and Johnson & Johnson are also on the docket.

Persons: Scott Chronert, Goldman Sachs, Johnson, Mary Daly, Raphael Bostic, Adriana Kugler Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Nvidia, Citigroup, Bank of America, United Airlines, Walgreens Boots Alliance, Johnson, San Francisco Federal, Atlanta Fed Locations: New York City, Citi's, United

☆ Carson Daly's key to good parenting is talking to young kids like they're 30
▼ + stars: | 2024-10-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Carson Daly says his trick to parenting children is to treat them like they're adults. In an interview with People published on Wednesday, the "Today" co-host spoke about how he brings up difficult topics — like mental health — to his kids. Carson shares four kids with his wife, Siri Pinter: Jackson James, 15; Etta Jones, 11; London Rose, 9; and Goldie Patricia, 4. Carson says he also encourages his kids to not shy away from discussing their mental health with him. Advertisement"Their whole lives, they know two types, there's physical health and mental health," he said.

Persons: Carson Daly, I've, —, Carson, Siri Pinter, Jackson James, Etta Jones, London Rose, Goldie Patricia, they've, Daly, Sanam Organizations: Service, CDC, Business

☆ Gold ticks up, U.S. inflation data in focus
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +2 min

Gold prices nudged higher on Thursday, while traders await a key U.S. inflation data due later in the day to gauge the Federal Reserve's future monetary policy stance. Spot gold rose 0.2% to $2,614.00 per ounce by 0246 GMT, after easing for the previous six sessions. The U.S. Consumer Price Index for September is due at 1230 GMT and Producer Price Index data on Friday. Markets see an 80% chance of a 25-basis-point Fed rate cut in November. Dallas Fed Bank President Lorie Logan called for gradual cuts and said that the U.S. central bank should not rush.

Persons: Price, Ilya Spivak, Spivak, Mary Daly, Lorie Logan, Israel's Organizations: U.S, Consumer, Treasury, Fed, San Francisco Fed Bank, Dallas Fed Bank Locations: U.S, Iran

☆ Dollar hovers near two-month peak as Fed easing bets ebb before inflation data
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The euro languished near its lowest since Aug. 13, while against the yen, the dollar hovered close to its strongest level since Aug. 15. The dollar index was little changed at 102.86 as of 0024 GMT, sticking close to Wednesday's high of 102.93. The greenback eased 0.18% to 149.035 yen , but was not far from the overnight peak of 146.365.

Persons: Kyle Rodda, —, Rodda, Mary Daly Organizations: U.S ., Federal Reserve, Reuters, U.S, CPI, Francisco Fed, Traders, New Locations: U.S

☆ Carson Daly on mental health: The best thing that's ever happened was when I got diagnosed
▼ + stars: | 2024-10-09 | 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 EmailCarson Daly on mental health: The best thing that's ever happened was when I got diagnosedCaron Daly, ‘The Voice’ host and ‘Today Show’ co-host, and Phil Schermer, Project Healthy Minds founder and CEO, join 'Squawk Box' to preview tomorrow's World Mental Health Day Festival and Gala in New York City, Daly's mental health journey, and more.

Persons: Carson Daly, Caron Daly, Phil Schermer Organizations: Healthy Minds Locations: New York City

☆ Coco Gauff makes history after cruising to China Open title
▼ + stars: | 2024-10-06 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —US tennis star Coco Gauff stormed to victory in the China Open final on Sunday, sweeping past Karolina Muchová 6-1 6-3. The straight-sets victory makes the 20-year-old the first American to win the tournament since Serena Williams back in 2013 – she now has eight WTA titles to her name. Gauff also made WTA history in the process, becoming the first woman to win her first seven hard-court finals in the Open era. It was an impressive performance from Gauff who wasted no time in stamping her authority on the final as she wrapped up the first-set in 30 minutes, a remarkable feat given Muchová’s recent run. Gauff will play the Wuhan Open next, as she continues to rise up the rankings once again.

Persons: Coco Gauff, Karolina Muchová, Serena Williams, Gauff, Karolina, It’s, ” Gauff, Aryna Sabalenka, Zheng Qinwen, Muchova, Matt Daly, Brad Gilbert, Gilbert Organizations: CNN, US, Wuhan Locations: China, American, –, Czech, Cincinnati, Washington

☆ 7 ways you're making your home look cheap, according to a luxury interior designer
▼ + stars: | 2024-09-25 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Comfort is important, but you don't need to sacrifice aesthetics. A beautiful piece of furniture can be comfortable. "When people are going to buy furniture, they focus so heavily on the comfort and they don't focus on the style," he said. Prioritizing comfort above all else also frustrates Rehman because there are so many affordable, comfortable pieces with aesthetic appeal, he said. "Just take that little extra step and go find things that are the best of both worlds."

Persons: Robert Daly, Rehman, there's Locations: cupholder

☆ VMAs top moments from Taylor Swift, Sabrina Carpenter, Katy Perry and Carson Daly
▼ + stars: | 2024-09-11 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +5 min

Taylor Swift’s 9/11 tribute and call to actionTaylor Swift took a moment to honor victims of the September 11 attacks of 2001 while accepting the first award of the evening. (L-R) Post Malone and Taylor Swift accept the best collaboration award for "Fortnight." Swift’s message to young voters comes after she made a splash on Tuesday when she endorsed Kamala Harris’ presidential run. Pop singer Sabrina Carpenter kissed an alien onstage during her hotly-anticipated performance. “It was the best, best show.

Persons: Taylor Swift’s, Chappell Roan, Sabrina Carpenter, Katy Perry, Eminem, “ Houdini, Lenny Kravitz, Megan Thee, Taylor Swift, “, I’ve, ”, ” Swift, Post Malone, Swift, Manny Carabel, Travis Kelce, Kamala Harris ’, Carpenter, Cyndi Lauper, Bob Mackie, Madonna –, ” Lauper, Orlando Bloom, Katy Perry Katy, Perry, Bloom, ” Perry, Daisy, ” Chappell, Chappell Roan of Arc, Roan, Babe, Joan of Arc, Noam Galai, ” Carson Daly, Carson Daly –, –, Lisa, ” Daly Organizations: CNN, VMA, Post, Poets Department, ”, Moon, MTV Locations: New York, New York City

☆ The Fed now will focus on the employment part of its mission — and for good reason
▼ + stars: | 2024-08-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. "Declines of this magnitude tend to occur when the economy is heading into recession and when the unemployment rate is on the ascent," he said. The unemployment rate almost always either heads up or down, with little evidence of extended plateaus. The current momentum is up, though the consensus estimate for August is that the unemployment rate will tick down to 4.2%, according to FactSet. "When you talk to firms ... it doesn't look like the labor market is not healthy," former Cleveland Fed President Loretta Mester said Tuesday on CNBC.

Persons: Troy Ludtka, Jerome Powell, Beth Ann Bovino, Mary Daly, Nonfarm, Nikko, Loretta Mester, hasn't Organizations: Federal, Nikko Securities, Conference Board, Board, Labor Department, San Francisco Fed, Bloomberg News, Cleveland Fed, CNBC Locations: U.S

☆ 10-year Treasury yield rebounds after hitting its lowest level in more than a year
▼ + stars: | 2024-08-06 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The yield on the 2-year Treasury note traded over 11 basis points higher at 3.992%. Yields and prices move in opposite directions, and one basis point is equivalent to 0.01%. The yield on the benchmark 10-year Treasury note traded more than 7 basis points higher at 3.855% at 7:08 a.m. It comes after the yield on the 10-year Treasury note on Monday fell to its lowest level since June 2023 . Brzeski said he expects the Fed to move forward with a 50 basis point interest rate cut next month in order to bolster market confidence.

Persons: Jerome Powell, Mary Daly, Austan, Carsten Brzeski, CNBC's, Brzeski Organizations: Global, Federal, U.S, ING Research, Fed Locations: U.S, San Francisco, Chicago

☆ Gold nudges higher on mounting U.S. rate cut bets
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger U.S. interest rate cuts later this year. Spot gold was up 0.1% to $2,408.77 per ounce as of 0354 GMT. Fed San Francisco President Mary Daly said her mind was open to cutting interest rates as necessary and policy needed to be proactive. Meanwhile, Japanese stocks opened higher, underpinning a recovery across battered Asian share markets and even triggering circuit breakers in some.

Persons: Mary Daly, Soni Kumari Organizations: Co, Federal Reserve, San, ANZ, Traders Locations: Bangkok, Thailand, U.S, San Francisco, China

☆ San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
▼ + stars: | 2024-08-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024. San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year but declined to provide a timetable or the extent to which the central bank will ease. At their meeting last week, Fed officials provided some hints that lower rates are coming but were short on specifics. Earlier in the day, Chicago Fed President Austan Goolsbee told CNBC that the central bank's "restrictive" rates policy doesn't make sense if the economy isn't overheating, which he said it is not. If there are trouble signs with the economy, Goolsbee said the Fed will "fix it."

Persons: Mary Daly, Daly, we've, Austan Goolsbee, Goolsbee Organizations: Federal Reserve Bank of San, National Association of Business Economics, San Francisco Federal, Market, Chicago Fed, CNBC Locations: Federal Reserve Bank of San Francisco, Washington , DC, Hawaii

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