Tag Archives: time

The Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, as high inflation pushes the central bank to pull back on its extraordinary pandemic-era support. The U.S. central bank lifted its benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. The Fed also noted that the economic outlook remains “highly uncertain” in the face of the war in Ukraine. By notching up rates, the Fed kicks off a process of raising borrowing… Source link

European stocks rose as all eyes are firmly focused on the Federal Reserve meeting later today – the first in four years, where an interest rate hike is expected. Photo: Tom Williams/CQ-Roll Call, Inc via Getty European stocks pushed higher on Wednesday as investors awaited a widely anticipated decision by the US Federal Reserve on interest rate policy. In London, the FTSE 100 (^FTSE) rose 1.3% after opening, while the CAC (^FCHI) gained 2.1% in Paris, and the Frankfurt DAX (^GDAXI) was 2%… Source link

Half measures are for the half-hearted. If President Biden and other democratic leaders around the world are really going to punish Russian President Vladimir Putin for his brutal invasion of Ukraine, then it’s time to apply the muscle needed to clip his power permanently and smash his ability to wreak destruction wherever he chooses. The way to corral Putin is with robust energy sanctions that will raise prices even more and cause genuine hardship for millions outside of Russia—but pay… Source link

In his State of the Union speech, President Biden called for Congress to pass a $15 minimum wage. Eyes rolled everywhere. Democrats, who have narrow majorities in both houses of Congress, tried to pass a $15 minimum wage last year. They didn’t have the votes. They could have gotten the votes for raising the wage floor to $10 or $11, from the current $7.25. But that wasn’t good enough for Sen. Bernie Sanders and other party liberals. So Democrats haven’t raised the minimum wage at all,… Source link

Bank of Canada Governor Tiff Macklem speaks during a news conference (REUTERS/Blair Gable) The Bank of Canada raised its target for the overnight rate to 0.50 per cent. The 25 bps hike to contain inflation is the first since 2018, after cutting to help cushion the pandemic’s economic blow in 2020. Canada’s central bank says more rate hikes are coming but says it is following the situation in Ukraine closely. “The unprovoked invasion of Ukraine by Russia is a major new source of… Source link

JUPITER, Fla. — This is what changing the system looks like. Baseball’s economic structure hasn’t been fair to players for a while now. Oh, it’s been great — once you’re out of the minors, anyway — but not fair. Especially for the younger players who increasingly shoulder the bulk of both the on-field production and the public marketability of the sport. Their compensation is prescribed by a collective bargaining agreement that is only rewritten a couple times every decade and… Source link

The NBA’s 75th Anniversary Team ceremony was a historic parade of stars young and old, and it wasn’t without a little suspense wither. At the beginning of the day, it wasn’t entirely clear if Michael Jordan, a player the NBA definitely would have wanted to have for its All-Star Game halftime festivities, would be in attendance. That was because of a little race known as the Daytona 500, in which Jordan’s 23XI Racing had two cars competing. Jordan was seen attending the race in Daytona Beach,… Source link

My favorite fight song in sports has always been “San Diego Super Chargers.” I don’t think it’s any coincidence that Dan Fouts threw for career-highs in passing yardage three seasons in a row after the song’s release in 1979. It’s a certified banger, trust me. The serotonin rush I get from listening to it is close to the rush I experienced when BetMGM released their Super Bowl LVII odds and I saw the Chargers listed at +2500. I’m jumping on that value before the free agency period starts,… Source link

“The 360” shows you diverse perspectives on the day’s top stories and debates. What’s happening Over the past few days, officials in a number of Democrat-led states have in the coming weeks. Collectively, the moves represent a significant shift in the long-running debate over school mask policies. The changes come amid a steady drop in daily COVID-19 cases from the peak of the Omicron surge in mid-January. But not all blue states are following suit, at least when it comes to schools…. Source link

Chrome is changing its logo for the first time since 2014, and if you squint really hard, you might actually be able to see what’s different. Elvin Hu, a designer for Google Chrome, offers a first look at the logo’s redesign in a thread on Twitter, as well as some of the thinking behind the ever-so-subtle changes. Some of you might have noticed a new icon in Chrome’s Canary update today. Yes! we’re refreshing Chrome’s brand icons for the first time in 8 years. The new icons… Source link