Reported 7 months ago
Goldman Sachs CEO David Solomon stated that he does not anticipate the Federal Reserve to cut interest rates in the current year, emphasizing the possibility of stickier inflation. His remarks deviate from market anticipations, with traders reducing bets on multiple rate cuts after Fed minutes suggested a longer timeframe for inflation to ease. Solomon highlighted variations in how inflation affects different Americans and predicted rate cuts in Europe due to economic challenges. He also emphasized the need for a comprehensive approach to industrial policy and expressed concerns about global growth impediments including geopolitics.
Source: YAHOO
Reported 7 months ago
Charlie Colin, the founding bassist of rock band Train, has passed away at the age of 58 after slipping in a shower while housesitting in Brussels. His death was confirmed by his mother to TMZ, and the exact cause and date of death are still unknown. Colin was known for his contributions to Train's early success, leaving the band in 2003 due to substance abuse issues and later collaborating with other musicians in various projects. Aside from music, he was an art collector and advocate for unhoused artists.
Source: YAHOO
Reported 7 months ago
Target's first quarter earnings fell short as inflation impacts consumer spending. Retail expert Jerry Storch points out a strategic blunder made by Target in pulling out of the full-service grocery business years ago, positioning them poorly compared to Walmart, which is a full grocery store. This decision affects customer behavior and overall competitiveness. For expert insights on this issue and more market action, viewers can watch the full Catalysts episode.
Source: YAHOO
Reported 7 months ago
Actress Bella Thorne dazzled at Chopard's event during the Cannes Film Festival wearing René Caovilla Cleopatra sandals, embodying Cleopatra glamour in a deep-brown gown. The iconic Cleopatra heel, known for its snake-like coil design, celebrated its 50th anniversary in 2023 with a book showcasing its history and artistry. The sandal, offered in various styles and materials, perfectly complemented Thorne's ensemble, showcasing her fashion sense and style at the prestigious event.
Source: YAHOO
Reported 7 months ago
US stocks fell from record highs as investors awaited Nvidia's pivotal earnings and digested minutes from the Federal Reserve's May meeting showing some officials were willing to raise rates if needed. The S&P 500, Nasdaq Composite, and Dow Jones all dropped, with Nvidia reporting strong first-quarter earnings and announcing a stock split, and Fed officials expressing readiness to tighten policy if inflation risks materialize. Nvidia's guidance showed expectations for significant revenue growth, contributing to market anticipation. Other trending tickers included Target, Lululemon, Barnes & Noble, and Moderna.
Source: YAHOO
Reported 7 months ago
Blue jays are believed to hold special spiritual meaning for those who encounter them, symbolizing joy, good vibes, and clear communication. Spiritual experts interpret the sighting of blue jays as messages from transitioned loved ones seeking to communicate with the observer, either to offer healing thoughts or to nudge them towards seeking healing support. While the symbolism of blue jays isn't specifically mentioned in the Bible, their significance can be associated with biblical ideologies, such as spreading the Word of God. Seeing a blue jay can signify the presence of a loved one attempting to convey important messages or healing energies.
Source: YAHOO
Reported 7 months ago
Federal Reserve officials at their recent policy meeting expressed continued faith in the easing of price pressures in the coming months, although doubts arose regarding the adequacy of current interest rates to ensure this outcome. The meeting revealed discussions about the possibility of raising borrowing costs further if inflation surged. While Fed Chair Jerome Powell and other policymakers have indicated that further rate hikes are unlikely, the minutes showed a debate on the tightness of monetary policy, impacting the return of inflation to the 2% target. The minutes indicated potential uncertainty among officials about the effectiveness of high interest rates on consumer and business spending, leading to questions about inflation levels. The release of the minutes caused U.S. Treasury yields to rise, and traders adjusted expectations for Fed rate cuts. While investors previously anticipated rate cuts starting in September, recent signs of easing inflation suggest policymakers may wait longer before making any adjustments.
Source: YAHOO
Reported 7 months ago
To decide how much of your income should be allocated to a mortgage, consider your budget and long-term financial plan, alongside various formulas. A common recommendation is to borrow two to three times your income for a home purchase. The 28/36 rule is prevalent, advising that your monthly housing costs should not exceed 28% of your gross monthly income for the mortgage payment and 36% for all debts. Other rules like the 35/45 rule and the 25% rule offer alternative perspectives on how much to spend on a mortgage, factoring in aspects like post-tax income. Lenders also assess factors such as your debt, credit score, and down payment when determining mortgage approval and affordability.
Source: YAHOO
Reported 7 months ago
Chris Pratt and Katherine Schwarzenegger celebrated their daughter Eloise Christina's 2nd birthday by sharing photos on Instagram, expressing their love. The couple also has a 3-year-old daughter named Lyla Maria, while Pratt has an 11-year-old son from a previous relationship. They commemorated the event and discussed family dynamics during public appearances.
Source: YAHOO
Reported 7 months ago
Mason Miller made history by becoming the first reliever since 1901 to achieve a mind-boggling feat in the Athletics' win over the Colorado Rockies. He completed a 15-game stretch with no runs allowed, 40-plus strikeouts, and fewer than five walks, showcasing his impressive dominance on the mound. Miller's remarkable performance has solidified his position as one of the hottest relievers in baseball with nine saves and Oakland's 20th win of the season.
Source: YAHOO
Reported 7 months ago
Red Lobster abruptly closed dozens of restaurants across the US and filed for Chapter 11 bankruptcy in Florida. As of Wednesday, the company's website lists 99 closed locations in 28 states, surpassing the previously reported number. The closures were attributed to various challenges faced by the company, leading to decreased guests and increased competition. The bankruptcy document outlined these difficulties and reasons for supporting the decision. Thai Union Group is the current major shareholder of Red Lobster, having acquired it in 2020.
Source: YAHOO
Reported 7 months ago
Following higher inflation readings, Federal Reserve officials concluded at a recent meeting that it would take longer for inflation to cool sufficiently to warrant reducing the key interest rate, now at a 23-year high. The minutes revealed debates on the rate's effect on the economy and uncertainties on rate policies' impact on price growth. Speculation arose about a potential rate increase amidst slowed hiring in April and cooling price pressures, reducing the likelihood of a rate hike according to the Fed.
Source: YAHOO
Reported 7 months ago
The U.S. Postal Service, as announced by Postmaster General Louis DeJoy, is halting some initiatives of its modernization plan for the remainder of 2024. This decision follows reviews of mail-processing facilities. Despite DeJoy's confidence in the Delivering for America plan to transform the agency's future, certain changes have been temporarily put on hold in response to reviews, with efforts focused on operational efficiency and regional center creation.
Source: YAHOO
Reported 7 months ago
Warren Buffett advises that the best investment one can make to combat inflation is in oneself, as it cannot be taxed or taken away. He emphasizes the importance of improving one's talents to maintain strong earning power, regardless of economic fluctuations, by being the best in one's field. While his success may be hard to replicate, starting early and continuously investing in oneself can lead to compounded returns over time, following the principle of never interrupting compounding unnecessarily.
Source: YAHOO
Reported 7 months ago
Chicago Sky rookie Angel Reese is the most followed WNBA player on social media with 3.2 million Instagram followers, even before being drafted. She's using her massive platform to advocate for her teammates and address league issues, recently helping secure a visa for Seattle Storm rookie Nika Muhl and speaking out about media coverage and charter flight disparities. Reese's influence extends beyond social media as she is making an impact both on and off the court, averaging 11.5 points and 8.5 assists in her first two professional games.
Source: YAHOO
Reported 7 months ago
一些老年人考慮未來居住安排時，更希望盡可能在自己的家中居住。但對於擁有不利於老年人居家老化的特色或格局的家庭，一些人正在採取積極措施並花費大量資金來使他們的家更適合。據本月由AP發布的一篇報導，一對在加利福尼亞州的夫妻聘請了一名室內設計師花費2萬美元，另外花費了9.5萬美元進行了家庭改裝，以更輕鬆地適應自然的老化對行動的限制。許多公司報告裝修和改造活動增加，包括美國最大的兩家家居裝修零售商The Home Depot和Lowe's。老年人想要改善家中的無障礙性的產品和工具，尋求『散發美麗和優雅、無縫整合基本無障礙功能的浴室』，Lowes 的時尚總監Monica Reese在接受AP採訪時表示。
Source: YAHOO
Reported 7 months ago
Yahoo Sports senior NBA reporter Vincent Goodwill and NBA contributor Tom Haberstroh discuss the increasing trend of injuries affecting the NBA postseason, with a 22% rise in playoff games lost due to injury. They highlight how the healthiest teams are the ones advancing, leading to a shift in championship contenders based on health rather than skill. This year's postseason is on track to be one of the most injury-riddled in recent history, with various factors contributing to this unexpected trend.
Source: YAHOO
Reported 7 months ago
2024年NBA季後賽分會決賽賽程已進入最後階段，此刻正進行「NBA的最終四強」！波士頓塞爾提克在對印第安那步行者的系列賽後以四戰全勝晉級。現在只剩下明尼蘇達灰狼隊對達拉斯獨行俠隊，然後將進入NBA總決賽。灰狼隊對獨行俠隊的第五場比賽將於今晚8:30（東部時間）在TNT上開打。準備好收看了嗎？以下是您需要了解的欣賞NBA季後賽的一切內容，包括完整的季後賽賽程、NBA總決賽信息等。
Source: YAHOO
Reported 7 months ago
Every month, BuzzFeed readers share their spookiest real-life 'unsolved mysteries,' ranging from recurring dreams predicting the future to unexplained disappearances of objects, encounters with ghostly figures, and paranormal experiences. Some of the hair-raising submissions include a dream predicting a plane crash, a disappearing necklace reappearing, a mysterious hooded figure, and more, leaving readers baffled and intrigued by these unexplainable events.
Source: YAHOO
Reported 7 months ago
Hulu has ordered a new reality dating series called "Virgin Island," following a group of virgin singles who are looking for love on an island resort during a summer of romance. Over 10 episodes, the participants will date, engage in romantic activities, and make commitments to each other, with unexpected twists and dramatic finales testing their relationships. Produced by ITV America and Plimsoll Productions, the series aims to explore the unpredictable road to love for everyone.
Source: YAHOO
Reported 7 months ago
Federal Reserve officials are leaning towards maintaining higher interest rates for a longer period as revealed in the recent Fed minutes. The minutes showed a willingness among officials to tighten policy further if needed, with discussions about keeping rates steady if inflation does not reach the 2% target or easing policy if labor market conditions deteriorate unexpectedly. Despite uncertainties about the degree of policy restrictiveness, Fed Chair Jerome Powell reiterated the need for patience in letting the current restrictive policy address inflation. The latest inflation data showed a slight cooling, prompting discussions among officials about the neutral rate and potential future rate adjustments.
Source: YAHOO
Reported 7 months ago
Google is undergoing a significant shift in its search product, incorporating new generative AI features to provide users with more complete and direct answers. This transition, expected to reach over a billion people globally by the year-end, represents a strategic move to disrupt the search ecosystem and adapt to an AI-inflected world. While these changes have the potential to enhance user experience and engagement, concerns remain about the impact on Google's dominant ad business and the broader search landscape.
Source: YAHOO
Reported 7 months ago
Southwest Airlines fired pilot David Legeros for allowing the First Officer to fly the plane during an emergency in which an engine burst into flames, while he communicated with air traffic control and reassured passengers in Spanish and English. Legeros filed a complaint against the airline, alleging that he was reprimanded and subsequently grounded from flight status for his actions. Southwest Airlines defended their decision to dismiss Legeros, stating that all pilots are expected to follow safety procedures.
Source: YAHOO