The Jimmy Garoppolo era of the San Francisco 49ers appears to be over for real this time. With the former Niners starting quarterback hitting free agency, head coach Kyle Shanahan firmly ruled out any possibility of re-signing him while speaking with reporters Wednesday. Asked if he could see a potential Garropolo return given the Niners’ uncertainty at quarterback, Shanahan bluntly replied “No, I don’t see any scenario of that.” The Niners are entering the offseason with Brock Purdy and Trey… Source link
Read More »Fed’s Bullard Leaves Open Possibility of Larger December Hike
(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
Read More »Baker Mayfield downplays possibility of returning to Browns
With Deshaun Watson‘s disciplinary hearing beginning this week, even as new details are emerging in the case, the Cleveland Browns are bracing for whatever length suspension their new quarterback might face. In light of that, some Browns fans have wondered: What direction will they go when Watson’s punishment is eventually handed down? And to take it a step further: Could their ex officio QB Baker Mayfield somehow factor into the Browns’ equation this season? He does, after all, remain on the… Source link
Read More »Fed officials start to embrace the possibility of recession
Policymakers at the Federal Reserve are beginning to entertain the possibility of recession, as high inflation pushes the central bank to raise interest rates at the fastest pace in decades. “It’s certainly a possibility,” Fed Chairman Jerome Powell told the Senate Banking Committee on Wednesday when asked about the chance of a recession. Powell clarified: “It’s not our intended outcome.” The Fed chief’s remarks on Wednesday stand in contrast to his commentary from early May, when… Source link
Read More »Oil at ‘$150 isn’t outside the realm of possibility’: energy trader
Oil at $150 a barrel is not “outside the realm” of possibilities, says one energy trader. “It’s hard to take anything off the table right now. Russia is starting to retaliate with its own response to U.S. sanctions, whether that’s demanding payments in rubles or potentially not allowing crude to flow through a very prominent pipeline through Kazakhstan,” Rebecca Babin, senior equity trader for CIBC Private Wealth, told Yahoo Finance Live. “As we’ve seen this escalate in ways that were very low… Source link
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