Fed likely to hint interest rates will stay higher for longer. But how high for how long? Rent or buy?Big-city dwellers are better off renting than buying a home everywhere, analysis says But Powell could downplay the relevance of the Fed’s March forecasts, signaling that three rate ... 04/29/2024 - 11:24 pm | View Link
Trump allies drafting plans to erode Fed's independence, WSJ reports April 26 (Reuters) - The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve's independence if he wins, the Wall Street ... 04/26/2024 - 4:48 am | View Link
Fed’s preferred inflation gauge rose 2.8% in March in yet another setback for rate cuts AFP via Getty Images Historically, a strong job market keeps wages and consumer spending levels elevated, thus fanning inflation and interest rates, which Wall Street is widely expecting Fed ... 04/26/2024 - 2:55 am | View Link
Would Trump Move to Control the Fed? An effort to give Trump more say on rates This week, investors had planned to examine the latest inflation data, due out at 8:30 a.m. Eastern on Friday, for clues about when the Fed would start ... 04/25/2024 - 1:00 pm | View Link
Fed's favorite inflation gauge and Big Tech earnings greet a slumping stock market: What to know this week This week, critical readings on economic growth and inflation, as well as the start of Big Tech earnings ... Consumption Expenditures index, the Fed's preferred inflation gauge, on Friday. 04/21/2024 - 8:53 pm | View Link
Israel’s military has begun moving civilians out of Rafah, a possible prelude to a long-expected attack on the Gazan city.
The Israel Defense Forces “will act with extreme force against terrorist organizations in your areas of residence,” a spokesman said on X on Monday morning. He urged residents of eastern Rafah to go north to an “expanded humanitarian area” near Khan Younis, another city in Gaza.
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The move comes after cease-fire talks between Hamas and Israel in Cairo over the weekend seemingly stalled, the main sticking point being the Iran-backed militant group’s insistence that any truce is permanent.
Philippine journalist Maria Ressa, a 2021 Nobel Peace Prize recipient who has been recognized as one of TIME’s 2018 Persons of the Year as well as one of the most influential women of the century for her fight for press freedoms and against misinformation, was selected in March to deliver the principal address at Harvard University’s commencement on May 23.
Video footage of a student making racist gestures, seemingly imitating a monkey, toward a Black woman who was part of a scheduled pro-Palestinian protest at the University of Mississippi, colloquially known as Ole Miss, went viral last week, and on Sunday a fraternity announced that it had removed one member from its chapter at the school over the incident.
The Phi Delta Theta General Headquarters said in a statement that it was aware of the widely shared Ole Miss video and that “the racist actions in the video were those of an individual and are antithetical to the values of Phi Delta Theta and the Mississippi Alpha chapter.
Jack Dorsey has left the board of social networking service Bluesky, which he helped fund and popularize a year ago in the wake of regret over the sale of Twitter to Elon Musk.
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The Twitter co-founder took to the Musk-owned platform, now rebranded X, to tout his new philanthropic grants to open internet protocols, which he described as “freedom technology.” He also added X to that class of tech, elaborating only to say that corporations can build upon open protocols too.
Dorsey whittled down the list of people he follows on X to just three: Musk, Edward Snowden and Stella Assange, wife of the imprisoned WikiLeaks publisher.
'Timing is not good' for H5N1 pandemic - flu scientist RNZShould We Be Worried About Bird Flu? The New YorkerThere's no question H5N1 bird flu has 'pandemic potential.' How likely is that worst-case scenario? CBC News