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U.S. stock futures moved lower Tuesday as investors prepared for Federal Reserve officials to deliver another jumbo rate hike in their fight against persistent inflation. Futures on the benchmark S&P 500 slid 0.4%, while futures tied to the Dow Jones Industrial Average tumbled 100 points, or 0.3%. Contracts on the technology-heavy Nasdaq Composite erased about 0.5%. The policy-setting Federal Open Market Committee kicks off its September meeting today and is expected to deal a third-straight… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 20, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. One of the Federal Reserve’s most telling statements about markets came from Chair Jerome Powell on June 15 when the central bank announced its biggest rate hike since 1994: “Over the course of this year, financial markets have… Source link

Justin Jefferson is looking for another dominant performance in Week 2. (Photo by Nick Wosika/Icon Sportswire via Getty Images) Few wide receivers turned in a better Week 1 performance than A.J. Brown. It didn’t matter that he was with a new team, Brown looked fully involved in the Philadelphia Eagles’ offense. Brown caught 10 of his 13 targets for a whopping 155 yards. Somehow, Justin Jefferson was better. Jefferson torched every member of the Green Bay Packers’ secondary, racking up 184… Source link

It made sense if you assumed the Cincinnati Bengals would just pick up where they left off. The Bengals have a fun set of young players that made a great postseason run. A play here or there, and they’d have been Super Bowl champions. When you have a quarterback like Joe Burrow, you’re not supposed to take a step back. It appears some warning signs were ignored. The Bengals are off to a rough start to this season. They’re the first team in the Super Bowl era to start 0-2 despite being favored… Source link

Jalen Hurts has improved every season we’ve seen him play football on a big stage. He improved through his college career, first at Alabama (where he was usurped by Tua Tagovailoa before his junior year) and then at Oklahoma. He made strides from his first to second season in the NFL, too. The Philadelphia Eagles built the type of team around Hurts that can compete for a division title and maybe a lot more. They needed Hurts to do his part. Maybe it shouldn’t be a surprise that Hurts, with the… Source link

An ambulance drove onto the field and carried Dane Jackson to a local hospital on Monday. (Joshua Bessex/Getty Images) Buffalo Bills cornerback Dane Jackson left Monday’s game against the Tennessee Titans in an ambulance after a collision with teammate Tremaine Edmunds. The injury occurred in the final minute of the game’s first half. Jackson was covering Titans receiver Treylon Burks and tackled him low after a completed pass. As they fell to the ground, Edmunds dove in appearing to… Source link

Ford (F): Shares fell in extended trading after the company warned of larger costs due to inflation and supply chain challenges. Ford now sees inflation related supply costs to be about $1 billion higher during the quarter compared to its previous estimate and sees supply shortages to affect about 40,000 to 45,000 vehicles, shifting some revenue to the fourth quarter. Ford sees 3Q adjusted EBIT of $1.4 billion to $1.7 billion but reaffirmed its adjusted full-year EBIT guidance. Bitcoin ( Source link

The Dallas Wings are the third WNBA team that will be in the market for a new coach next season. The team will not pick up Vickie Johnson’s option, it announced Monday. The Wings saw improvement under Johnson in her second season at the helm. After going 14-18 under Johnson in 2021, the team improved to 18-18 in her second year. The team experienced two first-round playoff exits under Johnson. The Wings lost to the Chicago Sky in 2021 and dropped a three-game series against the Connecticut… Source link

Yahoo Inc. has hired Darin Bassin to become its new chief legal officer and corporate secretary starting Oct. 10, according to an internal company memorandum viewed by Bloomberg Law. Bassin joins Yahoo from Paramount Global, where he’s spent nearly the past two years as general counsel and executive vice president of corporate development for the media company’s streaming group. “Darin is an exceptional leader with extensive experience as a general counsel in the digital and media… Source link

Yahoo Inc. has hired Darin Bassin to become its new chief legal officer and corporate secretary starting Oct. 10, according to an internal company memorandum viewed by Bloomberg Law. Bassin joins Yahoo from Paramount Global, where he’s spent nearly the past two years as general counsel and executive vice president of corporate development for the media company’s streaming group. “Darin is an exceptional leader with extensive experience as a general counsel in the digital and media… Source link