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 Thursday, September 16, 2021 Apple’s hardware isn’t getting any pricier, but ‘you can’t eat an iPad’ Amid much fanfare, the latest iPhone iteration arrived this week, with more than a few grumbles about Apple’s (AAPL) lack of product innovation. But at least one aspect gave consumers a reason to celebrate. CNBC’s Jon Fortt astutely observed… Source link
Read More »Taper talk looms as central bankers convene in Jackson Hole
Some of the world’s most powerful central bankers will convene virtually this week, with the focus on any commentary suggesting a pullback in pandemic-era easy money policies from the Federal Reserve. One challenge: the timeline for slowing the central bank’s $120-billion-a-month pace of asset purchases will be different depending on which Federal Open Market Committee member you ask. The divergence on the FOMC will draw attention to the Fed’s Jackson Hole meeting (which was again moved… Source link
Read More »Stock futures open TK after Fed minutes point to taper talk
Stock futures opened slightly lower Wednesday evening after a selloff during the regular trading day, driven by jitters over a potential shift in monetary policy that might remove some of the stimulus underpinning equity markets. Contracts on the S&P 500 ticked lower. Earlier, both the S&P 500 and Dow dropped more than 1% to post a back-to-back session of gains. Shares of Robinhood (HOOD) dropped more than 8% after the trading platform delivered its first earnings report since going… Source link
Read More »Binance’s CZ Gives Baby Doge Fans Something to Talk About
Now that Elon Musk has shined the spotlight on Baby Doge Coin, a meme coin that was inspired by its larger peer Dogecoin, other market leaders are beginning to pile on. Most recently, Binance CEO Changpeng Zhao (CZ) has played into the Baby Doge hype. CZ caused a stir in the Baby Doge community after responding to a tweet with a gif of baby puppies. The Binance chief merely referenced the license plate of the car in the gif, which reveals his initials CZ, saying “nice plate number.” While… Source link
Read More »Yahoo Golf Talk: Rocket Mortgage Classic
The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. Get it here! Shifting our attention from Connecticut to Michigan, the TOUR heads to Detroit this week for the third edition of the Rocket Mortgage Classic. The event will be played at Detroit Golf Club, and the area has been soaked in the lead-up, so look for soft and receptive conditions this… Source link
Read More »Yahoo Golf Talk: Travelers Championship
The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. Get it here! The PGA TOUR looks to unwind from a demanding U.S. Open week as they head to TPC River Highlands this week for the Travelers Championship. The course is a Pete Dye design. That’s always a fun element to look at because some golfers can’t handle the sightlines at his courses…. Source link
Read More »UPDATE 1-Belarus bonds slump amid talk of new sanctions
(Updates prices, adds quote and details) LONDON, June 21 (Reuters) – Belarus sovereign dollar bonds tumbled on Monday amid talk of new EU sanctions in an attempt to put more pressure on President Alexander Lukashenko over last month’s forced landing of a Ryanair passenger plane in Minsk. The benchmark 2030 bond slumped some 4 cents in its biggest fall since the peak of global market COVID angst in March last year, while the 2031 bond issued in June last year matched the decline and hit a… Source link
Read More »The Fed won’t talk about talking anymore: Morning Brief
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 Thursday, June 17, 2021 The tapering conversation has begun. One of the most unique phrases the Federal Reserve has ever used to communicate with markets has been retired. At least according to Federal Reserve Chair Jerome Powell. Asked Wednesday during a press conference about whether the Fed discussed plans to begin slowing down its pace of… Source link
Read More »Inflationary pressures tempt taper talk
The Federal Reserve had hoped for a string of strong jobs reports showing a pace of 1 million monthly job gains. Instead, the Fed received larger-than-expected readings on inflation. For a central bank that has reiterated its higher bar for pulling its monetary stimulus, recent data points could test the resolve of policymakers with regard to its quantitative easing program. Since the Fed’s last policy-setting meeting in May, several Fed officials voiced interest in taking the first step… Source link
Read More »Yahoo Golf Talk: Palmetto Championship
The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. Get it here! The PGA TOUR heads to another new course this week which means we need to do a bit more research rather than relying on a simple combination of recent form and course history. Congaree Golf Club is a par 71 that stretches out past 7,600 yards. That is a lot of length, so the hope… Source link
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