Powell indicates further rate cuts, but insists the Fed is ‘not on any preset course’
Federal Reserve Chair Jerome Powell speaks at the National Association for Business Economics. Source link
Fed Chair Powell says the US economy is in ‘solid shape’ with more rate cuts coming
WASHINGTON — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline, though their size and speed would depend on the evolution of the economy. Wall Street investors and economists are weighing whether the Fed will follow its larger-than-usual half-point cut made earlier this month with another hefty reduction … Read more
Brewers’ Chourio and Padres’ Merrill head impressive list of rookies in postseason
MILWAUKEE – Milwaukee Brewers rookie Jackson Chourio is looking forward to more champagne-soaked clubhouse celebrations, even if he still isn’t old enough to partake fully. When the Brewers sealed the NL Central title, the 20-year-old Chourio found a collection of non-alcoholic drinks inside a stroller in front of his locker. The Baltimore Orioles provided a … Read more
EchoStar to sell Dish to DirecTV, combining major pay-TV providers
Hamid Akhavan, EchoStar CEO, speaking on CNBC’s “Squawk on the Street” on Sept. 30, 2024. CNBC EchoStar is selling its Dish TV provider and digital business Sling to rival DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers, and sent EchoStar shares plunging 10%. DirecTV agreed to pay a … Read more
Owning commodities can provide hedge to geopolitics-related inflation, says Bernstein’s Dan Suzuki
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dan Suzuki, Richard Bernstein Advisors deputy CIO, joins CNBC’s ‘The Exchange’ to discuss the impact of geopolitical tensions on markets, how much to buy into Chinese stimulus beneficiaries, and more. Source link
McDonald’s location overlooked signs of ‘modern slavery’ for years: report
A McDonald’s in the United Kingdom missed signs of modern slavery for years while a human trafficking gang forced victims to work at the burger joint as well as a nearby bread factory, according to a report. Six members of a family-run gang from the Czech Republic have been convicted of forcing 16 victims to … Read more
NHTSA: Cruise to pay $1.5M penalty after failing to fully report crash involving pedestrian
General Motors’ Cruise autonomous vehicle division will pay a $1.5 million penalty after the unit failed to fully report a crash involving a pedestrian, the National Highway Traffic Safety Administration said Monday. The crash on Oct. 2, 2023 prompted Cruise to suspend driverless operations nationwide after California regulators said that its cars posed a danger … Read more
WNBA teams allowed to protect up to six players for upcoming expansion draft for Golden State
NEW YORK – The WNBA will have its first expansion draft in 16 years in December as the Golden State Valkyries start to fill out their roster. The Valkyries will begin play next season. The league sent out guidelines to teams in a memo that was obtained by The Associated Press. Teams will be able … Read more
EchoStar’s Dish sale marks disappointing end to Ergen’s strategy
Dish’s Charles Ergen Andrew Harrer | Bloomberg | Getty Images Dish’s “Seinfeld” strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned “Seinfeld” on an earnings call, responding to an analyst’s question about his company’s mixed bag of assets. Ergen … Read more
Sarat Sethi sells General Motors
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Halftime Report Sarat Sethi, Managing Partner at DCLA, joins CNBC’s “Halftime Report” to explain why he’s selling GM after holding it for over 5 years. 01:07 2 minutes ago Source link