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On this episode of Yahoo Finance Presents, Federal Reserve Bank of New York President & CEO John Williams sat down with Yahoo Finance’s Brian Cheung, to discuss a sweeping variety of topics, including interest rates, yield curve control, corporate bond purchases, liquidity, the Fed’s $7 trillion balance sheet, and many others. Source link

New York Fed President John Williams said Thursday that the Federal Reserve is far from raising interest rates, adding that central bank policymakers have time to craft any forward guidance on future policy. “This is not the time to think about liftoff or normalization,” Williams told Yahoo Finance in an exclusive interview. Minutes from the Fed’s most recent policy-setting meeting on June 9 and 10 noted that Fed officials have been debating whether or not to offer forward guidance on… Source link

ESPN is “extremely disappointed” after a person recorded a video feed of a private conversation involving “The Jump” host Rachel Nichols. An anonymous party sent Deadspin four clips of that conversation hoping to “expose” Nichols as a “back-stabber.” Nichols’ conversation reportedly lasted 30 minutes, though Deadspin received only four minutes of edited footage. Since Deadspin received only one side of the conversation, the site declined to reveal the specifics of the call,… Source link

The U.S. had another near-record spike in coronavirus cases, with more than 71,000 newly reported cases pushing the country’s total to 3.5 million cases, prompting a growing number of major corporations to enforce masking in their establishments. The global pandemic surpassed 13.5 million cases Thursday, with more than 584,000 dead, proof of acceleration of the outbreak in recent weeks. As fall approaches for the northern hemisphere, concerns about a second wave are emerging. Trailing not… Source link

(Bloomberg) — Florida posted a record number of 156 virus deaths. The Republican presidential convention in Florida will be scaled back as cases in the state continue to spike. Maryland’s Republican governor criticized the Trump administration’s handling of the virus, saying it “bungled” testing. The U.K. accused Russian state intelligence of trying to steal vaccine research. Hong Kong reported a record number of cases, the third time in about a week that its new outbreak breached… Source link

Dee Lescault, owner of Muti Hair Design Studio in Costa Mesa, is having to close her studio again, which she reopened for only 13 days. (Allen J. Schaben / Los Angeles Times) Dee Lescault got the bad news from her landlord. Her Costa Mesa hair salon had reopened on June 1 after being dark for months because of the COVID-19 pandemic, dealing a painful economic blow to the 66-year-old stylist. And now, Coronavirus Shutdown 2.0. “Is it asking too much to wear a mask?” Lescault tweeted in a rush… Source link

With coronavirus infections spreading fast and COVID-19 deaths climbing yet again, most Americans say the country is not ready to send children back to school this fall — and they emphatically reject every aspect of President Trump’s new effort to force public schools to fully reopen, according to the latest Yahoo News/YouGov poll.   The survey, which was conducted between July 11 and 14, found a remarkable consensus on the issue of school reopening that transcended party lines,… Source link

The major stock indexes continued their rise on Wednesday, buoyed by a key milestone in the development of a coronavirus vaccine despite an ongoing spike in cases across most U.S. states. But the good days for the stock market won’t last, says David Rubenstein, a billionaire investor and co-founder of private equity giant Carlyle Group. He warned against bullish near-term market expectations, citing a disconnect between rising equity prices and a sluggish economy. “It’s a fool’s errand to… Source link

[unable to retrieve full-text content]Yahoo Finance LIVE – Jul 23  Yahoo Money Source link

Los Angeles Lakers center Dwight Howard said on Wednesday that he was reported on the NBA’s anonymous tip line. Howard, however, may have simply snitched on himself. Howard, according to Brandon Robinson, said he was reported on the hotline — which is in place to allow players to anonymously report violations to the league’s safety protocol to keep COVID-19 out of the bubble — for not wearing his mask. “Somebody told on me,” he said. Dwight Howard said he was reported on the snitch… Source link