Tag Archives: Biggest

The Federal Reserve, led by Jerome Powell, raised interest rates earlier this month.Samuel Corum/Getty Images A “stubborn” Federal Reserve has increased the likelihood of a prolonged recession, according to Axonic Capital’s Peter Cecchini.  That’s because the Fed could cause economic whiplash that leads it to cutting interest rates sooner than expected. “The 1970’s drawdown scenario of almost 50% for the S&P 500 is becoming all the more likely,” Cecchini said. The Federal Reserve’s decision to… 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 Wednesday, June 15, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. Up until last Friday, the Federal Reserve’s game plan for tackling rapid inflation was clear: raise interest rates by half a percent on June 15. In the last few… Source link

A Californian is going viral after sharing the biggest culture shocks she faced after moving to Iowa. The clip comes courtesy of Katie Bishop (@katphishhbishh), a podcaster and CRNA student now living in Iowa. Her video, about the most surprising differences between her old state and new one, now has over 800,000 views. Bitcoin ETFs: What are they and how to invest in them? It’s the latest entry in a long line of posts about culture shocks TikTokers have faced after moving. In one clip, an… Source link

Live-streaming e-commerce star Li Jiaqi touted a tank-shaped ice cream in an online sales pitch, a day before the anniversary of the Tiananmen Square Massacre.AP, Getty Images A Chinese influencer may have unwittingly introduced his fans to the 1989 Tiananmen Square Massacre. Li Jiaqi touted a tank-shaped ice cream online, a day before the event’s 33rd anniversary. Almost immediately, Li’s show was taken off-air, sparking a wave of curiosity from his fans. One of China’s biggest influencers may… Source link

Jorge Masvidal is doing his best to entice Conor McGregor into a fight. After lobbing some harsh criticism toward the Irishman over the weekend, McGregor (22-6 MMA, 10-4 UFC) took to social media on Monday and fired back at Masvidal (35-16 MMA, 12-9 UFC). McGregor tweeted then deleted saying Masvidal is “an absolute pigeon brain” and is “stupid beyond belief” (via Twitter): An absolute pigeon brain this guy is. Stupid beyond belief. Unsurprisingly, the insult from the former two-division… Source link

When President Biden signed the Bipartisan Infrastructure Law last November, it promised $45 billion to help upgrade America’s spotty broadband infrastructure. This week, administration officials offered more details on how that money will be made available through a new “Internet for All” program that aims to bring high-speed internet to every part of the U.S. “We are going to ensure every American will have access to technologies that allow them to attend class, start a small… Source link

Google has wrapped up its two-hour-long I/O keynote, which was absolutely packed with news. We heard about AI, Android, and, of course, a plethora of Pixel hardware. Here are the biggest announcements we saw on Wednesday. Google isn’t bumping the price of its A lineup.Image: Google Google announced its new mid-tier phone, the Pixel 6A, which will cost $449… Source link

There’s nothing more exciting in sports than seeing an elite team get upset by a plucky underdog, and that doesn’t ring any truer than in the NBA, where a playoff upset is legitimately extremely difficult to come by. From Dirk Nowitzki’s No. 1 seed Dallas Mavericks losing to the No. 8 seed We Believe Golden State Warriors to Alonzo Mourning, Tim Hardaway and the Miami Heat – No. 1 seeds in their own right – losing to the New York Knicks, another No. 8 seed, in Round 1, the NBA has… Source link

(Bloomberg) — In times of Treasury turmoil, the biggest investor outside American soil has historically lent a helping hand. Not this time round. Most Read from Bloomberg Japanese institutional managers — known for their legendary U.S. debt buying sprees in recent decades — are now fueling the great bond selloff just as the Federal Reserve pares its $9 trillion balance sheet. The latest data from BMO Capital Markets show the largest overseas holder of Treasuries has offloaded almost $60… Source link

Netflix (NFLX) hates me. I’m one of the estimated 100 million users who stream shows and movies thanks to a shared password. Specifically, I glom onto my parents’ account. And I’ve done it for years. I do the same with Hulu (DIS) and HBO Max thanks to my parents, again, and my in-laws, respectively. In return, I pay for YouTube TV, Google’s (GOOG, GOOGL) cable alternative. I also share my Spotify, Disney+, and anime streaming service Crunchyroll accounts with family and friends. I’m… Source link