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Federal Reserve Chair Jerome Powell speaks during a news conference on September 18 in Washington, DC. Anna Moneymaker/Getty ImagesThe Federal Reserve’s recent half-point cut will take some time to work through the system, Noah Yosif, chief economist and head of research at the American Staffing Association, told CNN. “Just because the Federal Reserve votes to decrease interest rates in September does not mean that employers are going to see lower costs in October,” he said, adding that it could take three to six months to filter through to businesses. More rate cuts are expected for later this year, but the extent will depend on the health of the labor market, and that outlook could be quite murky due to impact from the strikes and Hurricane Helene. Fed officials, who are scheduled to make the central bank’s next interest rate decision just days after the October jobs report lands, will do their best to look through the noise and what are likely idiosyncratic factors, said Ryan Sweet at Oxford Economics.

Persons: Jerome Powell, Anna Moneymaker, Noah Yosif, “, ”, Helene, Ryan Sweet, Ejindu Ume Organizations: American Staffing Association, CNN, Federal Reserve, Oxford Economics, Miami University in Locations: Washington , DC, Miami University in Ohio

☆ Friday’s jobs report could be the last normal one for a while
▼ + stars: | 2024-10-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing. While September’s employment data is expected to stay relatively tame, the same can’t be said for the October jobs report, which is set to be released on November 1, just days before the presidential election. The strikes and hurricane-related effects “are not going to permanently alter the trajectory of the labor market; but September is probably our last clean reading on the labor market for a while,” Ryan Sweet, chief US economist at Oxford Economics, told CNN earlier this week. The August jobs report, which showed better-than-expected estimated 142,000 payroll gains and a drop in the unemployment rate, went a long way to quell those fears. It showed that the jobs market is in “stasis,” Wells Fargo economists wrote in a note issued Tuesday.

Persons: bode, Lydia Boussour, ” Ryan Sweet, Helene, ”, Erica Groshen, They’ve, “, Andrew Challenger, Wells, Noah Yosif, ’ Sweet, Ejindu Ume, “ We’re, ” Ume Organizations: CNN, Federal Reserve, Boeing, Gulf Coasts, Oxford Economics, of Labor Statistics, Cornell University School of Industrial and Labor Relations, Employers, Challenger, Labor Department, Pantheon, Labor, BLS, “, American Staffing Association, Oxford, Miami University in Locations: EY, Hurricane, East, Gulf, Miami University in Ohio

☆ Get Ready for Your Wedding, but Make It Glam
▼ + stars: | 2023-09-14 | by ( Chloe Anello | ) www.nytimes.com time to read: +1 min

Mrs. Ume-Ezeoke already had a delicate lace robe to wear while getting ready for her July 2022 wedding, but she sent it to her sister anyway. Mrs. Ume-Ezeoke, a senior associate at a health care tech company, had three wedding ceremonies to celebrate her and her husband’s different cultures — Nigerian, Korean and American. An ornate robe felt right for getting ready with her bridal party for the American wedding. “I wanted to have this one moment of collective feminine energy and to pop champagne and be sexy,” Mrs. Ume-Ezeoke said. She’s not alone in wanting to bask in the getting ready aspect of the day.

Persons: Veronica Ume, Ume, “, ”, Ezeoke, She’s Locations: Ukrainian

☆ Morocco earthquake: Foreign offers of aid arrive
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +4 min

Sept 10 (Reuters) - Following are some of the offers of aid and support from foreign governments following the powerful earthquake that struck Morocco late on Friday. A unit from the Spanish Emergency Military Unit (UME) was set to fly to Morocco, Spanish television RTVE reported. FRANCEFrance stands ready to help Morocco but the government there has not yet requested it, a Foreign Ministry spokesperson said on Sunday. Separately, the Foreign Ministry said it was activating a fund of local government contributions to support solidarity actions. TAIWANTaiwan’s fire department said on Saturday it had put a team of 120 rescuers on standby to go to Morocco the moment they get instructions from Taiwan’s foreign ministry.

Persons: Jose Manuel Albares, Albares, ISRAEL Israel's Magen David Adom, Magen David Adom, Algeria's, Nawaf Al, Ahmad Al, Jaber, Frances Kerry, Elaine Hardcastle Organizations: Interior, Catalunya Radio, Moroccan, Spanish Emergency Military Unit, Foreign Ministry, Orange, Crescent, Ministry of Health, Israel Defense Forces, Sunday, Reuters, Thomson Locations: Morocco, TUNISIA Tunisia, SPAIN, Spain, Spanish, FRANCE France, Belgium, Poland, Romania, Slovakia, Moroccan, ALGERIA Algeria, TURKEY, AFAD, Turkish, Turkey, KUWAIT, Jaber Al, Sabah, TAIWAN

Koume, a 5-year-old mongrel, was handed an official letter of appreciation by local fire officials at a special ceremony last month for her valiant work at a horse riding club in Wakaba-ku, Chiba City. According to the horse riding club, a man in his fifties collapsed at the riding park on February 25. Koume, a usually placid pup, raised the alarm with her barks which then allowed people to rush to the man’s aid. “Koume is usually quiet and barks only under rare circumstances,” Yuna Maruo, a 23-year-old riding instructor who took part in saving the man that day, said. “But when an emergency arises, Koume does bark.”The Wakaba Fire Department said life saving treatment can be given to heart attack victims if people are alert to “the slightest change.”The appreciation letter given to Koume by Wakaba Fire Department to recognize her life-saving effort.

☆ Wildfires ravage Spain's Asturias as temperatures hit record highs
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

MADRID, March 30 (Reuters) - More than 100 wildfires broke out in Spain's northern Asturias region on Thursday, most of them started on purpose by arsonists and others, authorities said, as temperatures soared to record highs. Flames raged near a road as cars drove by in Asturias, a lush region with rainy oceanic climate, local TV footage showed. Spain registered its hottest March 29 on record on Wednesday, with temperatures exceeding normal levels by seven to 14 Celsius (44.6-57.2 Fahrenheit), the meteorological agency AEMET said. The Canary Islands registered temperatures more common for the summer, with 37.8C in Tasarte, Gran Canaria. Other regions in the Basque Country and some parts of central Spain also recorded record temperatures for the time of year.

It's looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one of the leading exchanges for crypto-focused derivatives products, jumped 82% in January versus December, according to crypto market maker OrBit Markets. Ether options swelled 38%. Calls commanded 71.1% of total bitcoin futures open interest, and 77.5% for ether, according to Deribit data. Yet the surge in volumes also indicates investors are in two minds about the direction of crypto markets, preferring low-risk, low-reward options to actually buying bitcoin or ether.

☆ ‘Revolver Special Edition’ Review: The Beatles’ Best
▼ + stars: | 2022-11-09 | by ( Allan Kozinn | ) www.wsj.com time to read: +1 min

Until about a decade ago, it was generally agreed that “Sgt. Pepper’s Lonely Hearts Club Band” (1967) was the Beatles’ creative peak, with “Abbey Road” (1969) a close runner-up. But in recent years, “Revolver,” released in August 1966, has started to eclipse “Sgt. Pepper,” not only as a fan favorite, but also as the band’s most innovative album. The new “Revolver Special Edition,” released by Apple Corps Ltd./Capitol/UMe on Oct. 28, makes a solid case for that reconsideration.

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