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(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard left open the possibility that the central bank would raise interest rates by 75 basis points at each of its next two meetings in November and December, while saying it was too soon to make that call. Most Read from Bloomberg The Fed hiked rates by 75 basis points for the third straight meeting last month, to a target range of 3% to 3.25%. Officials projected 125 basis points of tightening for the rest of the year,… Source link

Chinese President Xi Jinping is expected to tighten his grip on power when China’s National Party Congress convenes Sunday. A spectacle held once every five years, the 20th Party Congress marks the culmination of Xi’s ascent in many ways, with the leader poised to secure a third five-year term, making him arguably the most powerful ruler in China since Mao Zedong. But China’s sputtering economy threatens to overshadow Xi’s coronation, with the country in the midst of its slowest… Source link

A key component propping up consumer prices is cooling, but it’s not yet reflected in the government’s inflation measure, according to experts. The shelter component of the Consumer Price Index — which includes rent and owners’ equivalent of rent — makes up 30% of overall inflation and 40% of core CPI, which excludes food and energy prices. Real-time data is showing softening rents, but the survey used to determine shelter prices lags current pricing. That disconnect could pose a problem… Source link

‘The numbers just don’t work’: While rising mortgage rates have some homebuyers giving up, others think they’ve found a workaround America’s most popular home loan got more expensive again this week, striking yet another blow to haggard home shoppers staring at the steepest borrowing costs in 20 years. The average 30-year fixed mortgage rate — now flirting with the 7% mark — is more than double what it was at the beginning of the year. Even as the surge in home prices continues to… Source link

Novavax (NVAX) is awaiting the FDA’s decision on its COVID-19 vaccine booster, and whether or not the agency will accept the original formula rather than a new variant-specific formula. However, the company is expecting the FDA to green-light the booster as an option even for those who received other vaccines for their primary or previous booster doses. That’s according to chief commercial officer John Trizzino. While Novamax already received booster approval in other countries, the U.S…. Source link

Here we go! It’s the first Saturday of the NHL season. Saturday is usually a robust day for hockey, and the first one this season is no different. There are 12 games featured on the evening slate, which starts at 7 p.m. EDT. Let’s make the first weekend of the NHL season a good one. Here are some players to target, and to avoid, for your DFS lineup. GOALIE Jeremy Swayman, BOS vs. ARI ($32): Linus Ullmark was in the crease first this season for the Bruins, but he and Swayman are likely going to… Source link

Weather permitting, there will be four MLB playoff games Saturday. It’s a full day of baseball beginning at 2:07 p.m. EDT and continuing until some point in the evening out there in San Diego. This could be the last time we have this many options for our DFS lineups. Here are my recommendations. Pitching Lance McCullers, HOU at SEA ($41): McCullers only made eight starts during the regular season, but he absolutely tore through them. He only allowed more than two runs once, and that was… Source link

Rupert Murdoch is reportedly considering a recombination of Fox (FOXA) and News Corp (NWSA). According to Murdoch-owned The Wall Street Journal (WSJ), the 91-year-old businessman is currently in early discussions to rejoin the two entities of his media empire, which formerly split in 2013. Disney acquired the bulk of Fox’s entertainment assets in a $71 billion deal back in 2019. The WSJ report added that special board committees have been established by both companies to study a possible deal… Source link

In this article we present the list of 10 Stocks That Will Own the Metaverse. Click to skip ahead and see the 5 Stocks That Will Own the Metaverse. Meta Platforms, Inc. (NASDAQ:META), NVIDIA Corporation (NASDAQ:NVDA), and Alphabet Inc. (NASDAQ:GOOG) are three companies the smart money is betting big on that should one day own the metaverse, which has the potential to be one of the most lucrative ventures in human history. There’s no simple way to define what the metaverse is or will be, but… Source link

U.S. refineries are preparing themselves for the possibility that President Biden could impose a ban on fuel exports after the White House dangled the threat of the ban in front of refiners. No action has been taken to date, but with the mid-terms coming up and fuel prices continuing to rise, this could soon change. Earlier this month, the White House requested that the U.S. Department of Energy (DoE) assess the potential impact of banning fuel exports – including gasoline, diesel, and… Source link