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See Where Countersnipers Could Have Stopped the Trump Rally GunmanWhere countersnipers were stationed — and where they were not — has emerged as a point of contention in assessing security failures at the July 13 assassination attempt at a rally for former President Donald J. Trump. Countersniper locations Locations with better views of gunman Water tower Gunman Countersnipers inside building Secure perimeter Trump N Countersniper locations Locations with better views of gunman Water tower Gunman Countersnipers inside building Secure perimeter Trump N Countersniper locations Locations with better views of gunman Water tower Gunman Countersnipers inside building Secure perimeter Trump N Source: Beaver County E.S.U. There were four locations where countersnipers were stationed near the rally, according to Beaver County planning documents. If countersnipers had been positioned atop the water tower, here is what they would have seen. Trump Gunman Countersnipers were inside this building, but the roof offered a better view Trump Gunman Countersnipers were inside this building, but the roof offered a better view Trump Gunman Countersnipers were inside this building, but the roof offered a better view The New York TimesIn the House hearing, Representative Carlos Gimenez of Florida questioned the decision to place countersnipers inside — a position that provided a limited line of sight, unless the countersnipers were sticking their heads out of the windows.
Persons: countersnipers, Donald J, Charles E, Thomas Matthew Crooks, Crooks, Eli Crane, Christopher Paris, Trump, Kimberly Cheatle, Countersnipers, Carlos Gimenez, Ronald L, Rowe Jr, Organizations: Trump Rally, Trump, The New York Times, House, Republican, NAVY, Pennsylvania State Police, Secret Service, New York Times Locations: Beaver, Beaver County, Arizona, Florida
It's Sen. Mark Kelly of Arizona. Kelly is the one and only member of the United States Senate who has made it onto Vice President Kamala Harris's shortlist of potential running mates. "Mark Kelly, potential VP pick, plans to be in Arizona next week," reads a POLITICO headline from the last few days. "He's just not a person who gets overly excited in one direction or the other. Advertisement"This isn't about me," Kelly said as the doors closed on him, repeating his stock response to the questions about his sudden vice presidential candidacy.
Persons: who's, Sen, Joe Manchin, Joe Biden's, George Santos, It's Sen, Mark Kelly of Arizona, Kelly, Kamala Harris's, Mark Kelly, Harris, he's, Tesla, JD Vance, Donald Trump's, hasn't, I've, Brian Schatz, He's, I'm, Kelly's, Kent Nishimura, what's, Blake Masters —, Vance, Gabby Giffords, Tim Kaine, Hillary Clinton's, Allison Bailey /, Tim Walz, Andy Beshear, Bryan Metzger, didn't, Donald Trump Organizations: Service, US Senate, Capitol, Business, United States Senate, Arizona, Capitol Hill, Hawaii, Arizona's, Electoral, Merchant Marine Academy grad, Democratic, Getty, Minnesota Gov, Republicans, Kentucky, Labor Locations: Arizona, Capitol Hill, Virginia, Minnesota
In Kibaha, Tanzania, just west of the capital Dar es Salaam, a group of pioneering architects are set to build a new village with “earth printing” at its heart. A rendering of the community center for Hope Village, which Hassell says is expected to begin construction in 2025. Hope Village is more ambitious, according to Mark Loughnan, principal and head of design at Hassell. For Dr. Consola Elia, who will oversee the children’s home at Hope Village, the project is “the reality of a dream that I’ve had for over 20 years,” she said in a statement. Work on the masterplan has begun, with housing already underway and construction of the community center expected to begin in early 2025.
Persons: Hassell, ClarkeHopkinsClarke, , Xavier De Kestelier, De Kestelier, Mario Cucinella, ” De Kestelier, Hassel, Mark Loughnan, , Consola Elia, I’ve, we’re Organizations: CNN, NASA, Hope, Institute, Architecture, Mario Cucinella Architects, Tanzanian, New Yorker, Crane WASP, Arts Locations: Kibaha, Tanzania, Dar, Salaam, Catalonia, Barcelona, Spain, Ravenna, Italy, Rome, Uganda, Hope
Representative Eli Crane, an Arizona Republican and former Navy SEAL, says he is no conspiracy theorist. But in the weeks since the attempted assassination of Donald J. Trump, he has made the baseless suggestion that the shooting was part of a coordinated campaign by Democrats or shadowy government actors to try to stop the former president from reclaiming the White House. “Not only did they try and bankrupt him, but they tried to put him in prison,” Mr. Crane told Jeff Oravits, a right-wing radio personality in Arizona, last week. “When that didn’t work, they tried to put him in prison for 750 years. And many of us said the next step in this escalation is for them to try and kill him because they can’t — they know they can’t beat him fair and square.”In an appearance on The Glenn Beck Program, Mr. Crane, who traveled to the Pennsylvania rally site where Mr. Trump was shot to conduct his own investigation, said, “I don’t want to be a conspiracy theorist, but at the same time, I don’t want to, you know, rule anything out because I don’t put it past some of the people in our government to do anything necessary to hold on to power.”
Persons: Eli Crane, Donald J, Trump, , ” Mr, Crane, Jeff Oravits, Glenn Beck, Organizations: Arizona Republican, Navy Locations: Arizona, Pennsylvania
It’s been a year since interest rates reached a two-decade high, but they may soon begin to reverse course. The Federal Reserve is expected to hold its benchmark interest rate steady on Wednesday, while signaling that a cut is possible when policy-setting officials meet again in September. If interest rates are elevated for too long, they risk weakening the employment picture. The central bank uses interest rates to influence the broader economy. Home-equity lines of credit and adjustable-rate mortgages — which each carry variable interest rates — generally rise within two billing cycles after a change in the Fed’s rates.
Persons: It’s, ” Jonathan Smoke, that’s, Freddie Mac, , Sam Khater, , “ Banks, Ken Tumin Organizations: Federal, “ Manufacturers, Cox Automotive, Treasury, Savings Vehicles Locations: Edmunds
Investors who are camped out in cash are nabbing sweet yields, but the clock is ticking on that attractive income. Money market fund assets totaled $6.14 trillion as of the week ended July 24, according to the Investment Company Institute . The largest money market funds are offering an annualized 7-day current yield of 5.12%, per the Crane 100 Money Fund Index. "Investors must also remember that the liquid securities held in money market funds have maturities capped at slightly over a year," he said. While these short-term bonds may be an attractive alternative to hiding out in cash, investors should avoid making them the lion's share of their fixed income holdings.
Persons: Daniel Siluk, Janus Henderson, Matthew Mish, Siluk Organizations: Investment Company Institute, Federal, UBS, SEC, BBB, Treasury Bond ETF
You might expect to see litter, trash or even roadkill on the side of a highway. But a 3,600-pound hot dog? Just after 11 a.m. Monday, employees of Oscar Mayer were driving one of the company’s promotional Wienermobiles on an Illinois highway when the driver hit another car, lost control, overcorrected and rolled the vehicle on its side, the Illinois State Police said. Video taken after the collision showed two people — “hotdoggers,” as the company calls them — climbing out of the passenger-side door and hopping down to safety. Later, a tow truck crane arrived, scooped up the Wienermobile and carried it away.
Persons: Oscar Mayer Organizations: Illinois State Police, Social Locations: Illinois, Oak Brook
Read previewThe Olympic Games in Paris hasn't even begun, but talent agents are already looking to the Los Angeles Games in 2028. Savvy agents are leveraging the Paris Games — a huge moment in their own right — to snag fresh, breakout talent and negotiate long-term commercial deals with the expectation that the Los Angeles Games will draw even more demand from brands that want to work with athletes. More talent agencies have also expanded into working with Olympic athletes. Crane said the Los Angeles Games are a big focus for the firm. "Everything is a little more amplified in Los Angeles, and there's going to be a lot of media and press.
Persons: , Paris hasn't, WME, Quincy Wilson, Mark Ervin, Quincy, Peter Carlisle, Anna Hall, who's, Octagon, Carlisle, Hezly Rivera, Harry Poole, Aly Raisman, Poole, Ervin, there's, James Crane, Buchwald, Crane, it's Organizations: Service, Los Angeles Games, Paris Games, Business, Olympic, Summer Games, ", LA, Summer, Paris, Excel Sports Management, Brands, US, Olympics Locations: Paris, LA28, Los Angeles, London, Tokyo
How ‘Twisters’ Destroys a Motel
  + stars: | 2024-07-19 | by ( Mekado Murphy | More About Mekado Murphy | ) www.nytimes.com   time to read: +3 min
My name is Lee Isaac Chung and I am the director of “Twisters.” So this is a scene that happens about halfway through the film. Other interesting actors in this sequence, we have James Paxton, who is actually the son of Bill Paxton. So any time we’re filming inside of this swimming pool, there were people outside, our crew, who were destroying the set. The swimming pool had actually never been there. We had found this motel in which there were three separate structures within the motel.
Persons: Lee Isaac Chung, , Kate, Daisy Edgar, Jones, Tyler, Glen Powell, James Paxton, Bill Paxton, Lily Smith, Mark L, Smith, Samantha Ireland, Aila Grey, Jeff Swearingen, Scott Fisher, he’s yanked, Jeff, Geoff Haley
‘Twisters’ Review: When the Monster Is Real
  + stars: | 2024-07-18 | by ( Alissa Wilkinson | ) www.nytimes.com   time to read: +3 min
My name is Lee Isaac Chung and I am the director of “Twisters.” So this is a scene that happens about halfway through the film. Other interesting actors in this sequence, we have James Paxton, who is actually the son of Bill Paxton. Really, the intent of doing this was to create that feeling, that subjective feeling of what it’s like to experience a tornado in real time. So any time we’re filming inside of this swimming pool, there were people outside, our crew, who were destroying the set. The swimming pool had actually never been there.
Persons: Lee Isaac Chung, , Kate, Daisy Edgar, Jones, Tyler, Glen Powell, James Paxton, Bill Paxton, Lily Smith, Mark L, Smith, Samantha Ireland, Aila Grey, Jeff Swearingen, Scott Fisher, he’s yanked, Jeff, Geoff Haley
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It's hard work and requires you to be precise — that kind of intensity was something I was looking for in a job. Related storiesI'm killing my body every day, but it's worth it because welders make insane money, and I'm getting jacked doing it. AdvertisementI can see the hard work paying off physically; it's great for the body. I'm covered in bruises and scratches from the job — I'm definitely pretty beat up. You just need to ensure you have a good supervisor who knows you work hard and respects you.
Persons: , Elizabeth, I'd, I've, I'm, it's, Elizabeth There's, who's, Elizabeth Next Organizations: Service, Business, Red Seals Locations: Alberta, Canada
CNN —Scientists have long theorized the existence of lunar caves — underground passageways formed through volcanic processes that are connected to the pits covering the moon’s surface. Now, a team of international researchers has found the first direct evidence that the moon’s deepest known pit connects to a cave that could provide shelter to astronauts. “Lunar caves have remained a mystery for a long time. Future research and exploration of lunar caves could also provide new insight into the evolution of the moon and lunar volcanism, the authors note in the study. “Moreover, (lunar caves) can be an alternative or an integration to a base on the surface of the Moon,” he added.
Persons: , Leonardo Carrer, Lorenzo Bruzzone, , Tyler Horvath, ” Horvath, Horvath, Paul Hayne, Hayne, ” Hayne, Carrer, Noah Petro, Petro, Artemis III, “ LRO, ” Petro Organizations: CNN —, NASA Lunar Reconnaissance, University of Trento, Remote, NASA, Lunar Reconnaissance Orbiter, University of California, Mare Tranquillitatis, University of Colorado, European Space Agency, Reconnaissance, Artemis Locations: United States, China, Italy, Los Angeles, Carrer, University of Colorado , Boulder, Hawaii, Canary Islands, Australia, Iceland
Read previewThe 2024 Olympic Games could be bigger than ever for athletes looking to build content careers and score brand deals, particularly for young or newer names. "Social media, every single year, has gotten bigger and bigger, and a lot of eyes are on social, digital advertisements now," said Michael Raymond, the founder of Raymond Representation, which works with Olympic athletes, college athletes, and influencers. AdvertisementOut2Win found that during the Tokyo Games, athletes and organizations created 232,000 social posts and gained 113 billion followers. As influencers and platforms lean in, the Paris Games could be even bigger for social media. "One of the challenges in sponsoring Olympic athletes if you're not an Olympic sponsor is that your window to activate with your athlete is small," Poole said.
Persons: , Michael Raymond, Raymond Representation, James Crane, Buchwald, Goldman Sachs, Crane, Simone Biles, Katie Ledecky, you've, Harry Poole, They've, Raymond, Sunisa Lee, Hailey Van Lith, Out2Win, Agency Smith, Lee, Jade Carey, Kaila McWilliams, Smith, Poole, Jeff Hoffman Organizations: Service, Business, Olympic, Brands, Paris Games, Excel Sports Management, Tokyo Games, Agency Locations: Tokyo
With the S & P 500 surging more than 18% in 2024, it might be time for investors to make a few defensive moves in their portfolios. But that surge is spurring some financial advisors to reassess their clients' exposure to large-cap tech and turn toward currently unloved asset categories that could be poised to rise. "It might take a little longer to manifest but we think [health care] is an interesting combination of offense and defense, and it provides meaningful cash flows for investors," Saccocia said. Checking in on risk and cash Investors reviewing their 2024 gains should also reassess their risk profile and consider whether their asset allocation reflects their long-term goals. Tom Balcom, CFP and founder of 1650 Wealth Management in Lighthouse Point, Florida, has used custom market-linked notes to hedge clients' exposure to the market.
Persons: Nvidia —, Shon Anderson, Russell, Jerome Powell's, Shannon Saccocia, Neuberger Berman, Saccocia, Colin Gerrety, Gerrety, Tom Balcom, Balcom, Morningstar Organizations: Nvidia, Anderson Financial, Federal, Big Tech, Investors, JPMorgan Chase, UnitedHealth, Wealth Services Locations: Dayton , Ohio, REITs, North Bethesda , Maryland, Lighthouse Point , Florida
Without rule of law, without a peacekeeping force, without humanitarian aid, Gaza will combust and descend into civil chaos. This route is used by both commercial and aid trucks, as well as convoys like the one I am in, transporting aid workers. Palestinians storm trucks loaded with humanitarian aid brought in through a new US-built pier in central Gaza on May 18. They are waiting to ambush aid trucks, but they smile and wave at our far less tempting UN-marked jeeps. A fear of “the war after the war.” Some believe it has started already.
Persons: Arwa Damon, Arwa Damon CNN, Kerem Shalom, Karam Abu Salem, , Karam Abu, Benjamin Netanyahu, Abdel Kareem Hana, David Satterfield, Menahem Kahana, , I’ve Organizations: CNN, International Network for Aid, Relief, Gazans, , Israel’s, KS, State Department, Carnegie Endowment, Coordination Locations: Gaza, Rafah, Egypt, Israel, Karam Abu Salem, Middle East, Kerem, AFP, Israeli, Territories, COGAT, shrugging, Baghdad
Investors enjoying juicy yields on their cash should start preparing to shift their strategy, according to Goldman Sachs. People piled into cash instruments like Treasury bills and money market funds as the short end of the yield curve rose alongside Federal Reserve interest rate increases starting in early 2022. Now some $6.15 trillion is sitting in money market funds, as of July 2, according to the Investment Company Institute . There's a "real probability" that could start in September, said Lindsay Rosner, head of multi-sector investing at Goldman Sachs Asset and Wealth Management. While the average spread is around 800 basis points over Treasurys, the bonds are either trading around 300 basis points — too tight for junk bond ratings — or 1,000 basis points or more.
Persons: Goldman Sachs, Lindsay Rosner, , Rosner, " Rosner Organizations: Federal, Investment Company Institute, Goldman, Wealth Management, Fed, riskier Locations: Goldman Sachs, Treasurys
CNN —Paris’ iconic Moulin Rouge windmill has been fitted with new blades, nearly three months after they fell off the landmark. Jean-Victor Clerico, General Manager of Moulin Rouge Paris, said that the aim was to reinstall the blades before July 15, when the Olympic flame passes the venue on its way to the opening of the Summer Games. Located in Paris’ Montmartre district and established in 1889, the Moulin Rouge is one of the world’s most famous cabaret clubs. Over the years, the venue has endured fires and undergone renovations to maintain its grandeur, according to the Moulin Rouge website. The unveiling of the new Moulin Rouge windmill comes as another iconic Parisian venue closes.
Persons: Jean, Victor Clerico, de Maismont, BFMTV, Michou, Liza Minnelli, Serge Gainsbourg Organizations: CNN, Paris, BFMTV, Summer Locations: Moulin Rouge, Moulin Rouge Paris, AFP, Paris, Paris ’ Montmartre
The prospect of "higher for longer" rates has also made short-term fixed income assets especially attractive. "We had a lot of investors who were in, if not cash, then sub-2-year duration fixed income at the start of the year." Takeaways for investors It doesn't hurt for retail investors to review their fixed income allocation now that the year is halfway over. A combination of fixed income assets may be what it takes to benefit from today's higher rates, lock in yields and capture rising prices once the Fed cuts. "We don't buy that there's one fixed income asset class that you should tilt toward," said Calcagni.
Persons: , Don Calcagni, it's, Shannon Saccocia, Neuberger Berman, Michael Rosen, Rosen, Janus Henderson, Vishal Khanduja, Eaton Vance, Khanduja, Callie Cox Organizations: Federal Reserve, FedWatch, Investment Company Institute, Money, Mercer Advisors, Investors, Municipal, Angeles Investment Advisors, AAA CLOs, Janus Henderson AAA CLO, SEC, Morgan Stanley Investment Management, Bond, Ritholtz Wealth Management, Stay Locations: Santa Monica, Calif
Read previewIn the last three years, Iran's Islamic Revolutionary Guard Corps Navy has commissioned hundreds of new vessels. AdvertisementThe Shahid Hassan Bagheri is one of three new Soleimani-class missile corvettes that are the most heavily armed warships in the Islamic Revolutionary Guard Corps Navy's fleet. Despite being lightly armed, it has a record of harassing US vessels and civilian ships in the Persian Gulf. AdvertisementThree Soleimani-class corvettes, Shahid Soleimani, Shahid Hassan Bagheri, and Shahid Sayyad Shirazi, have been commissioned, while a fourth, Shahid Ra'is-Ali Delvari, is under construction. AdvertisementMahdavi will eventually be joined by another converted container ship, the Shahid Bagheri.
Persons: , Shahid Hassan Bagheri, Morteza Nikoubazl, Ayatollah Ali Khamenei, Shahid Soleimani, Nazeri, Shahid Nazeri, SAMs, Shahid Sayyad Shirazi, Shahid Ra'is, Ali Delvari, Hassan Bagheri, Abu Mahdi al, Shahid, Alireza Tangsiri, Shahid Mahdavi, 400Y8DYPlr — Mehdi H, Shahid Roudaki, Roudaki, Mahdavi, Lewis B, Puller, Shahid Bagheri, Bagheri, Tangsiri, IRGCN, Ayatollah Khamenei, Nadimi, Saviz, Diego Garcia, Benjamin Brimelow Organizations: Service, Islamic Revolutionary Guard Corps Navy, Business, Islamic Revolutionary Guard Corps Navy's, Islamic Revolutionary Guard Corps, US, Quds Force, Guard, Southern Hemisphere, American, British, Washington Institute for Near East Policy, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Iran, Saudi Arabia, Persian, Gulf of Oman, Hormuz, China, Russia, Taiwan, Norway, Yemen, Makran, Morteza, Israel, Lebanon, Hamas, Gaza, Syria, Mahdavi, West
More than 1,300 people died during this year's Hajj pilgrimage in Saudi Arabia as the faithful faced extreme high temperatures at Islamic holy sites in the desert kingdom, Saudi authorities announced Sunday. All but 31 of them were unauthorized pilgrims, according to two officials in Cairo. Egypt has revoked the licenses of 16 travel agencies that helped unauthorized pilgrims travel to Saudi Arabia, authorities said. Those agencies left pilgrims in limbo in Mecca and the holy sites in scorching heat, the newspaper said. AP journalists saw pilgrims fainting from the scorching heat, especially on the second and third days of the Hajj.
Persons: Fahd bin Abdurrahman, Jalajel, Egypt's, Mina Organizations: Sunday, Saudi Health, Saudi, Saudi National Center for Meteorology, Massachusetts Institute of Technology Locations: Mecca, Saudi Arabia, Saudi, Riyadh, Cairo . Egypt, Mecca's Al, Muaisem, Egypt, Ahram, Indonesia, India, Jordan, Tunisia, Morocco, Algeria, Malaysia, U.S, Islam
Was Global Trade a Mistake?
  + stars: | 2024-06-19 | by ( Matthew Zeitlin | ) www.nytimes.com   time to read: +1 min
ONE WEEK TO CHANGE THE WORLD: An Oral History of the 1999 WTO Protests, by DW GibsonHOW THE WORLD RAN OUT OF EVERYTHING: Inside the Global Supply Chain, by Peter S. GoodmanOn a cold November morning in 1999, Harold Linde, a member of the Rainforest Action Network, was trying to hang an enormous sign from a construction crane hundreds of feet in the air over downtown Seattle. Loosely attached to a rope, he rappelled off the crane, lost control and began to plummet. Linde might have died, but thanks to the Ruckus Society, a nonprofit that trains activist groups, he knew to rip off his frictionless fleece gloves, grab onto the rope with his bare hands and wait for his colleagues to help him back up. After some spiritual assistance from “a circle of pagan witches on the ground” who were “sending prayers up,” Linde and his friends succeeded in unfurling a 100-pound banner. It showed two arrows pointing in opposite directions, one labeled “DEMOCRACY” and the other “W.T.O.”This stunt, which kicked off the Battle of Seattle, a protest of the third ministerial meeting of the World Trade Organization, captures the combination of high idealism, drama, detailed organization, radicalism and public relations savvy that defined a movement against the rising tide of globalization in the decades after the Cold War.
Persons: DW Gibson, Peter S, Goodman, Harold Linde, ” Linde, Organizations: Rainforest Action, Linde, Ruckus Society, World Trade Organization Locations: Seattle, , unfurling
MECCA, Saudi Arabia (AP) — Hundreds of people died during this year's Hajj pilgrimage in Saudi Arabia as the faithful faced intense high temperatures at Islamic holy sites in the desert kingdom, officials said Wednesday as people tried to claim their loved ones' bodies. Saudi Arabia has not commented on the death toll amid the heat during the pilgrimage, required of every able Muslim once in their life, nor offered any causes for those who died. Already, several countries have said some of their pilgrims died because of the heat that swept across the holy sites at Mecca, including Jordan and Tunisia. More than 1.83 million Muslims performed the Hajj in 2024, including more than 1.6 million pilgrims from 22 countries, and around 222,000 Saudi citizens and residents, according to the Saudi Hajj authorities. Saudi Arabia has never acknowledged the full toll of the stampede.
Persons: Al Saud, King Salman Organizations: Associated Press, Public Health, Saudi National Center for Meteorology, Massachusetts Institute of Technology Locations: Mecca, MECCA, Saudi Arabia, Al, Muaisem, Jordan, Tunisia, Mina, Saudi, Algeria, Egypt, India, Medina . Saudi Arabia, Islam, hajj
Father’s Day: 4 pop culture dads worse than you
  + stars: | 2024-06-16 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
CNN —Whether you’re a new or seasoned father, the anxieties of raising children can pop up anywhere, anytime. “Also, just every dad I spoke to was like, ‘I’m worried that I’m gonna roughhouse too hard (and) they’ll get hurt,’” Boozan said. And “as a comedy writer, I’m biased, but I’m a big proponent of laughter as medicine. “That’s a great example of a workaholic dad who thinks that amassing a trove of riches in order to pass that along to your child is the way of being a good dad,” Boozan said. “The best thing my dad ever did … is he was a chill dad,” Boozan said.
Persons: I’m, Glenn Boozan, , Priscilla Witte, Thanos, Jack Torrance, Stephen King’s “, Boozan, “ I’m, , ‘ I’m, they’ll, ’ ” Boozan, , ” Boozan, Walter ‘ Heisenberg, White Walter White, Bryan Cranston, Walter White Jr, ” Ursula Coyote, Walter White’s, White, Wayne Szalinski Wayne Szalinski, Rick Moranis, Diane, Marcia Strassman, Nick, Wayne Szalinski, Darth Vader Luke Skywalker, Mark Hamill, Darth Vader, David Prowse, James Earl Jones, ” Albert Clarke, ’ ”, Midas, Walter Crane, King Midas ’, Rich, “ Midas, “ That’s Organizations: CNN, Marvel, RJ, Lucasfilm, Century Fox, Star Locations: RJ Mitte, Wayne’s
High interest rates have been a boon to Americans holding cash, but many on Wall Street are cautioning investors to start thinking ahead. People have been piling into cash vehicles like money market funds and certificates of deposit since the Federal Reserve started hiking interest rates. Interest rates appear to be staying higher for longer, with the Federal Reserve on Wednesday projecting only one rate cut this year. Agency MBS have a duration of about six years, per the Bloomberg US MBS Index as of June 3, Jones noted. Right now, the residential mortgage-backed securities sector looks attractive because of its relative value compared to investment-grade corporate bonds, he said.
Persons: Jones, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Wells Fargo, Luis Alvarado, Alvarado, Falconio Organizations: Federal Reserve, Investment Company Institute, Schwab Center, Financial Research, Agency MBS, Bloomberg, MBS, UBS, Wells, Wells Fargo Investment Institute, Investors, corporates, UBS America's, AAA Locations: UBS Americas, Wells, Wells Fargo
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