Reported 4 months ago
Former Goldman Sachs executive Beth Hammack has been named as the next president and CEO of the Federal Reserve Bank of Cleveland, succeeding Loretta Mester who is retiring. Hammack, 52, brings a wealth of experience from her time at Goldman Sachs, where she held various senior roles. Her appointment comes at a critical time for the Fed as it navigates high interest rates to combat inflation while avoiding an economic slowdown. Hammack will start her new role on August 21, following Mester's retirement on June 30.
Source: YAHOO
Reported 4 months ago
The Giants and A's recent wins on Tuesday, along with victories from the Angels, Dodgers, and Padres, made history as California MLB teams went 6-0 or better with four or more shutouts on the same day, a first in MLB history. The Giants also made history with Luis Matos' walk-off sacrifice fly, marking their first 1-0 win on a sac fly since 1996. Both teams are aiming to represent the Bay Area and California well as their 2024 seasons progress.
Source: YAHOO
Reported 4 months ago
Gypsy Rose Blanchard, known for her role in the murder of her mother, is shown grappling with her newfound freedom and public scrutiny in the upcoming Lifetime series "Life After Lock Up," set to premiere on June 3. The trailer reveals Blanchard's struggles with her past, her marriage to Ryan Anderson, and her burgeoning relationship with Ken Urker, whom she met through a pen pal program while in prison. Blanchard expresses her desire to move on from her infamous past, face her fears of returning to prison, and make the most of her new life, despite feeling pressured and rushed to experience everything at once.
Source: YAHOO
Reported 4 months ago
Sir Jim Ratcliffe is demanding that Manchester United's manager prepares for the next season within tight profit and sustainability rules, signaling an end to extravagant spending at the club. Under the new regime, emphasis will be placed on youth development and complying with financial fair play regulations, with player sales being a potential source of funds. The club will be operating under a limited budget, with a focus on young players like Kobbie Mainoo, Alejandro Garnacho, and Rasmus Hojlund. Ratcliffe's Ineos team is reviewing the club's operations, with changes being made behind the scenes including a push to end remote working and a summer refurbishment of the training base.
Source: YAHOO
Reported 4 months ago
The article highlights 18 killer kebab recipes for summer, showcasing a variety of options such as Hawaiian chicken bacon pineapple kebabs, grilled spicy lime shrimp, sugar grilled beef and asparagus kebabs, and more. The versatility of kebabs makes them suitable for different dietary preferences, including meat lovers, vegetarians, and pescatarians. With a range of ingredients like lamb, shrimp, tofu, salmon, and veggies, these kebab recipes offer a flavorful and easy grilling option for summer meals.
Source: YAHOO
Reported 4 months ago
The transition to faster trade settlements for securities in the U.S. has encountered some processing bumps, although the switch from a two-day settlement cycle to a one-day cycle has been mainly smooth, according to market participants. The move, which also saw countries like Canada, Mexico, Argentina, and Jamaica implement the new settlement cycle, is aimed at making market infrastructure more resilient. While there were initial delays and apprehensions, overall, the transition to the new settlement regime is progressing well, with most trades settling successfully on the first day under the new system. Market participants expect increased trade failures initially as the industry adjusts to the faster settlement cycle.
Source: YAHOO
Reported 4 months ago
The Association of Flight Attendants representing 4,100 flight attendants at Frontier Airlines has requested federal mediation due to the carrier's operations overhaul aimed at implementing an out-and-back model for its planes to reduce flight cancellations and delays. The union claims the changes have led to reduced compensation and increased work time, prompting the need for negotiations. Frontier Airlines stated it is open to discussing the impact of the network changes within the context of ongoing collective bargaining agreement negotiations.
Source: YAHOO
Reported 4 months ago
Bronny James has decided to remain in the NBA draft and forego his college eligibility, as confirmed by his agent Rich Paul. While Bronny is considered a legitimate NBA prospect, he is likely to be drafted in the second round and has some areas to work on before being NBA-ready, such as his playmaking and shooting in game conditions. Despite criticisms, his agent is focused on finding the right team with a solid development plan for Bronny, who showcased his athleticism and skills at the NBA Draft Combine. LeBron James' son has received interest from around 10 teams for workouts, with the Lakers and Suns reportedly on the list.
Source: YAHOO
Reported 4 months ago
Source: NBCSPORTS
Reported 4 months ago
The 2024 offseason for the Boston Bruins is crucial as they need to address roster flaws in free agency or trades. With around $21 million in salary cap space, potential free agents like goalie Jeremy Swayman and right wing Jake DeBrusk need decisions. The NHL Draft is viewed as weak this year with the Bruins not having a pick until the fourth round. Key dates include the NHL Scouting Combine in June, the Draft at the end of June, free agency starting in July, and various camps in July and September.
Source: YAHOO
Reported 4 months ago
A new volcano erupted on the Reykjanes peninsula in southwestern Iceland, spewing lava and prompting the evacuation of the nearby town of Grindavik. This was the fifth eruption in six months in the region, with the lava flow reaching close to the defensive barrier protecting the town. Despite warnings, a few residents refused to leave, while tourist attractions like the Blue Lagoon were also evacuated. The eruption was not expected to disrupt air traffic, and it followed intense earthquake activity and accumulating magma in the area. Iceland, known for its high number of active volcanoes, has experienced a series of eruptions recently, leading to the belief that a new era of seismic activity has begun in the region.
Source: YAHOO
Reported 4 months ago
JPMorgan Chase CEO Jamie Dimon indicated that he and the board will handle succession appropriately, with Dimon expecting to step down within five years, potentially within two and a half to four and a half years. Dimon praised the company's management team and named potential CEO candidates within the company. He also warned about risks in the non-bank lending market, particularly for small businesses, and discussed the bank's strategies for private credit. Additionally, Dimon highlighted the strength of U.S. consumer finances and business loan payments but cautioned that the current surge in net interest income may not be sustainable.
Source: YAHOO
Reported 4 months ago
Apple has been reiterated as Bank of America's top pick with a Buy rating and a price target of $230, with a focus on expected AI upgrades at the upcoming Worldwide Developers Conference. Despite being late to the AI race, Apple is taking its time to ensure a quality product release, contrasting with companies like Google dealing with AI search engine consequences. Analysts are optimistic about the potential of AI-enabled phones as a new driver for smartphone sales, although the impact on demand remains uncertain. The Worldwide Developers Conference is seen as crucial for Apple to showcase its software capabilities and potentially regain its technological edge in the AI space.
Source: YAHOO
Reported 4 months ago
Bronny James' agent, Rich Paul, confirmed that the son of LeBron James will remain in the 2024 NBA draft after playing one year at USC, stating that the Lakers need to consider Bronny like any other player. Despite speculation about a potential father-son duo in the NBA, Paul emphasized focusing on Bronny's own path and development, noting that he is a promising prospect with room to grow. LeBron James may opt out of his Lakers contract this summer, but the Lakers will evaluate Bronny like all other prospects with their draft picks.
Source: YAHOO
Reported 4 months ago
The historic squeeze in New York copper futures is easing as the key price spread between July and September contracts returns to normal levels, offering relief to traders facing significant losses on short positions. The spread had spiked to a record premium in mid-May, causing financial investors and physical copper traders to incur mark-to-market losses. While the balance of power has shifted with July contracts now trading at a discount to futures, analysts warn of potential further price volatility and squeezes due to ongoing global shortages. Copper prices in New York, London, and Shanghai have dropped from record highs following the squeeze, with prices currently down about 6% from the peak on May 20.
Source: YAHOO
Reported 4 months ago
Fashion designer Vera Wang's recent swimsuit photos have caused a stir online, with the media claiming she is "aging backwards." Wang, who is known for her impeccable style, shared poolside snapshots that garnered attention for her stunning appearance at 74 years old. However, many people are criticizing the focus on her age, emphasizing that beauty doesn't have to be equated with looking younger. Wang herself has spoken out against ageism, stating that it is old-fashioned and that one should continue to grow regardless of age.
Source: YAHOO
Reported 4 months ago
The article discusses the recent momentum trade in the Nasdaq Composite index, driven by anticipation of Nvidia's earnings and strong fundamentals. Russell Investments President and Chief Investment Officer Kate El-Hillow suggests that while it's hard to predict the end of a momentum trade, trimming holdings may be wise, especially if investors believe in the durability of the AI trend. El-Hillow also mentions the potential impact of interest rate cuts and earnings gaps seen in the market. The article provides expert insight on market momentum, potential sectors for investment, and the influence of interest rates on market performance.
Source: YAHOO
Reported 4 months ago
Beabadoobee announces her 2024 North American tour starting on September 8 in Philadelphia and ending on September 28 in Los Angeles, with Hovvdy as the opening act for all dates. This tour is in support of her fourth album, "This Is How Tomorrow Moves," produced by Rick Rubin and set to be released on August 16 through Dirty Hit Records. The album explores themes of confidence, introspection, self-acceptance, and personal growth, serving as a message to her younger self as she embarks on a new journey.
Source: YAHOO
Reported 4 months ago
Beth Hammack, a former Goldman Sachs executive, has been appointed as the next president of the Federal Reserve Bank of Cleveland, joining the central bank committee that determines interest rate directions. Hammack will replace current president Loretta Mester, who is retiring. The appointment comes at a critical time as the Fed considers whether to cut rates from a 23-year high. Hammack, who has worked for Goldman for over 30 years, will begin her role on August 21 and will become a voting member of the Federal Open Market Committee.
Source: YAHOO
Reported 4 months ago
Former Goldman Sachs executive Beth Hammack has been named as the next president of the Federal Reserve Bank of Cleveland, succeeding current president Loretta Mester. Hammack, who worked at Goldman for over 30 years, will join the Federal Open Market Committee and become a voting member in August. The appointment comes as the Fed considers whether to cut interest rates from a 23-year high, with Mester set to retire on June 30.
Source: YAHOO
Reported 4 months ago
"Stranger Things" actor Gaten Matarazzo shared on a podcast that he had an uncomfortable encounter with a fan in her 40s who confessed to having a crush on him since he was 13, in front of her daughter. Matarazzo found the situation upsetting and mentioned that he has had other uncomfortable interactions with fans, including instances of unwanted touching. Despite these experiences, Matarazzo remains grateful for his role on the show and is focused on future opportunities in his career.
Source: YAHOO
Reported 4 months ago
At 19, Ethan Thornton founded Mach Industries with $85 million in funding from investors to develop hydrogen-powered weaponry, reaching a valuation of $335 million. Despite the investment, the company faced challenges with safety issues and leadership concerns. Thornton's ambitious projects, like hydrogen-powered firearms and a mobile weapon, faced setbacks due to cost issues. The defense tech startup scene, attracting substantial VC funding, highlights the agility and innovation startups bring to the sector. Startups like Anduril Industries are securing contracts with the U.S. military, signaling their increasing role in addressing modern security challenges.
Source: YAHOO
Reported 4 months ago
Sam Presti, during the end-of-season press conference, expressed that the Oklahoma City Thunder are prepared to offer Shai Gilgeous-Alexander a supermax extension after his impressive performances. Gilgeous-Alexander, eligible for the extension in 2025, is currently under a $115 million contract until 2026-27. Presti emphasized the team's readiness to provide the necessary financial support, highlighting the importance of mutual commitment between players and the organization for long-term success, drawing parallels with the Denver Nuggets' approach.
Source: YAHOO