Traders bet on second straight 50 bps Fed rate cut in November
(Reuters) – Traders added slightly to bets the Federal Reserve will deliver a second 50-basis-point interest rate cut in November after a government report Friday showed inflation rose modestly in…
Wall Street fears lower-than-anticipated iPhone demand as shipping times shrink
It’s been a week since Apple’s (AAPL) iPhone 16 lineup went on sale, and Wall Street isn’t happy with the early results. That’s because shipping times for the company’s latest…
Revisions Show US Economy Is Still Flying High
Hard luck for the hard-landers yesterday. Yesterday's GDP report was full of upward revisions: Some of the hard-landers expected GDP to be revised lower after a large gap between GDP…
Fed Governor Lisa Cook Says She ‘Wholeheartedly’ Backed Half-Point Rate Cut
(Bloomberg) — Federal Reserve Governor Lisa Cook said she “wholeheartedly” supported the central bank’s move last week to cut interest rates by a half percentage point, citing a slowing labor…
Oil Heads for Deep Weekly Loss on Prospects for Jump in Supply
(Bloomberg) — Oil extended a sharp two-day drop, putting prices on course for a substantial weekly decline, on prospects of more supply from OPEC members Saudi Arabia and Libya. Most…
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- Medicine Blog
- September 27, 2024
- 21 views
Brooke Shields on Why Embracing Aging and Prioritizing Preventive Health in Her 50s Feels ‘Like a Superpower’
Brooke Shields is speaking out about the importance of preventive health for people over 50. Specifically, Shields is working to encourage others to embrace aging and the increased risk of…
Fed Exploring Tying Liquidity to Uninsured Deposits, Barr Says
(Bloomberg) — The US central bank is exploring adjustments to its liquidity framework, including requirements that would aim to protect uninsured depositors. Most Read from Bloomberg The potential rule would…
Brazil Central Bank Lifts 2024 Economic Growth Forecast for Third Time
(Bloomberg) — Brazil’s central bank raised its 2024 growth forecast and now sees the economy expanding in line with the most optimistic estimates, corroborating its decision to start an open-ended…
Dow Jones Today: Major Indexes Rise as Chip Stocks Surge; S&P 500 Hits Record High
Micron's Post-Earnings Pop Leads Chip Stocks Higher 1 hr 46 min ago Micron Technology (MU) shares surged Thursday after the memory chip maker’s revenue and outlook blew past expectations, leading Nvidia…
- Legal Topics
- September 26, 2024
- 21 views
Massachusetts SJC Rules in Favor of Insureds for Ambiguous Insurance Policy Term
In Zurich American Insurance Company v. Medical Properties Trust, Inc. (and a consolidated case[1]) (Docket No. SJC-13535), the Supreme Judicial Court of Massachusetts ruled in favor of insureds in a dispute over…
