Fed Officials See 3 Possible Paths for Rates
Faced with uncertainty, Fed officials are offering various scenarios for the economy and interest rates.
Latest stories
HuffPostReporter Reveals 'Real Anger' From Biden White House Aides After Debate
They were "shocked" and felt "they had not been told the truth," said Axios' Alex Thompson.
- The Smart Investor
Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain?
The share prices of these five blue-chip stocks are touching a year-low. Could they be worth your attention? The post Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain? appeared first on The Smart Investor.
- The Telegraph
Orban urges Zelensky to accept Kremlin ceasefire offer
Viktor Orban has made a surprise visit to Kyiv where he urged Volodymyr Zelensky to accept the Kremlin’s offer of a ceasefire.
- INSIDER
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
- HuffPost
Harvard Law Professor Delivers Chilling Prediction After Trump Immunity Ruling
Laurence Tribe explained what the Supreme Court decision means in "practical purposes" and it's "devastating."
- CNN Business
The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming
Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.
- Fortune
Steve Ballmer, who was once Bill Gates’ assistant, is now richer than his onetime mentor
Ballmer was employee No. 30 at Microsoft but got most of his wealth from a sweetheart deal.
- Barrons.com
Nvidia Is the Fifth Most Profitable Company in the S&P 500. Here Are the 4 That Beat It.
Net income margin, which is calculated by dividing net income by revenue, shows how much money a company is making from its sales
- HuffPost
'Very Bad News' For Trump: Lawrence O'Donnell Says Ruling Could Backfire Quickly
The MSNBC host revealed how the former president's case could be back in court sooner than anyone realizes.
- CNN
A growing club led by Xi and Putin to counter the US is adding a staunchly pro-Russia member
A club of Eurasian countries spearheaded by China and Russia to advance their leaders’ vision of an alternative world order is set to expand again this week – this time adding a staunch Russian ally that has openly supported Moscow’s war on Ukraine.
- Reuters
Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts
SINTRA, Portugal (Reuters) -The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data before cutting interest rates to verify that recent weaker inflation readings provide an accurate picture of the economy. Data for May showed the Fed's preferred measure of inflation did not increase at all that month, while the 12-month rate of price increases has ebbed to 2.6%, still above the U.S. central bank's 2% target but on the way down after a scare in the first months of the year. "We just want to understand that the levels that we're seeing are a true reading on what is actually happening with underlying inflation," Powell said at a monetary policy conference in Portugal sponsored by the European Central Bank.
- The Telegraph
Russian air strike ‘destroys five Ukrainian fighter jets’ at airbase
A Russian missile attack destroyed five warplanes at a Ukrainian airbase primed to receive F-16 fighter jets from Kyiv’s Nato allies.
- Associated Press
US deports 116 Chinese migrants in first 'large' flight in 5 years
The Department of Homeland Security said Tuesday that it sent 116 Chinese migrants from the United States back home in the first “large charter flight” in five years. The flight, which happened over the weekend, comes as Chinese immigration has become the subject of intense political debate in the upcoming U.S. presidential election. "We will continue to enforce our immigration laws and remove individuals without a legal basis to remain in the United States,” Homeland Security Secretary Alejandro Mayorkas said in a statement.
- The Hill
70 percent of voters have decided who they will back in November: Poll
More than 7 in 10 voters have already decided whom they will vote for in the November presidential election, according to a new poll. The Harvard CAPS/Harris poll released Monday showed 72 percent of respondents said they have already made up their minds, while 28 percent said they are still weighing their choices. That’s a…
- INSIDER
Russia missed probably its best opportunity to steamroll Ukraine, war analyst argues
War expert Mick Ryan says Russia failed to act decisively in the Ukraine war, missing a chance to strike a decisive blow.
- Time
Democrats Finally Saying It Aloud: Biden Might Need to Go
Even after Nancy Pelosi raised questions on Biden's health, the party’s leaders have failed to meet the moment, writes Philip Elliott in The D.C. Brief
- The Telegraph
Someone is standing up to Beijing’s ‘Nine Dash Line’ South China Sea land-grab
Scarborough Shoal is a ring of rocks and reefs 29 miles around that lies within the Philippines’ exclusive economic zone in the South China Sea west of Luzon, the Philippines’ biggest island. Unfortunately for the Philippines, the Shoal also lies within the so-called “Nine Dash Line” under which China attempts to claim that it owns more or less the entire South China Sea – in defiance of international law and international court judgement.
- INSIDER
Carrier strike group commander who oversaw 'unprecedented' Red Sea battle says the US Navy needs to make sure it's ready for a drone fight
Rear Adm. Marc Miguez, who oversaw months of combat between the US Navy and the Houthis, shared what he learned from the Red Sea battle.
- Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
- The Hill
7 Democrats being floated as potential Biden replacements
President Biden’s campaign is intensely trying to quell speculation that he may drop out of the 2024 race following his lackluster debate performance last week. Most top Democrats have voiced support for Biden continuing in the race, while members of his family, including first lady Jill Biden, have declared they also want him to remain…