Another rate cut is on tap…but when will the next one come? Despite...
Another rate cut is on tap…but when will the next one come? Despite last week’s messy jobs report showing signs of a cooling labor market, the Fed is expected to lower interest rates by a traditional quarter point on Thursday following a meaty cut of 50 basis points in September. How the Fed plays the rest of the year remains less of a sure thing, and investors will be looking for clues about when and if Jerome Powell will consider cuts beyond this one. All of this will take place against the backdrop of an election that may or may not be decided by the time the Fed meeting wraps up.
Spanish leaders, including King Felipe, faced protests and were called “murderers” when they visited a city that was hit hard by deadly floods last week. Anger is growing in Spain over the government’s response to flooding that has killed at least 217 people.
Nearly $1 billion has been spent on political ads in the last week alone, according to AdImpact.
Wendy’s is closing 140 restaurants by year’s end but plans to replace them in new locations. It’s like that old expression: When one Wendy’s closes, another one opens.
Mariah Carey has once again declared, “It’s time.” The somewhat popular Christmas tune “All I Want for Christmas Is You” is celebrating its 30th anniversary this fall.
Israel says it carried out ground raid into Syria, seizing a Syrian citizen connected to Iran
JERUSALEM (AP) — The Israeli military said Sunday it has carried out...
JERUSALEM (AP) — The Israeli military said Sunday it has carried out a ground raid into Syria, seizing a Syrian citizen involved in Iranian networks. It was the first time in the current war that Israel announced its troops operated in Syrian territory.
Israel has carried out airstrikes in Syria multiple times over the past year, targeting members of Lebanon’s Hezbollah and officials from Iran, the close ally of both Hezbollah and Syria. But it has not previously made public any ground forays into Syria.
Iran's supreme leader threatens Israel and US with 'a crushing response' over Israeli attack
Iran's supreme leader on Saturday threatened Israel and the U.S. with...
Iran's supreme leader on Saturday threatened Israel and the U.S. with “a crushing response” over attacks on Iran and its allies.
Ayatollah Ali Khamenei spoke as Iranian officials are increasingly threatening to launch yet another strike against Israel after its Oct. 26 attack on the Islamic Republic that targeted military bases and other locations and killed at least five people.
“The enemies, whether the Zionist regime or the United States of America, will definitely receive a crushing response to what they are doing to Iran and the Iranian nation and to the resistance front," Khamenei said in video released by Iranian state media.
The supreme leader did not elaborate on the timing of the threatened attack, nor the scope. The U.S. military operates on bases throughout the Middle East, with some troops now manning a Terminal High Altitude Area Defense, or THAAD, battery in Israel.
Marc Benioff is reportedly in talks to sell Time for $150 million. The...
Marc Benioff is reportedly in talks to sell Time for $150 million. The billionaire Salesforce co-founder, who bought the ailing US magazine for $190 million in 2018, is discussing a sale to Greek media company Antenna Group, CNBC reported. Once one of the most iconic weekly magazines in the US, Time has been forced to drastically cut its print circulation as news consumption shifts to the internet. Benioff bought Time from the media conglomerate Meredith Corporation, which owned the magazine for less than a year. The talks to sell Time again come a day after Comcast said it was exploring a sale of its traditional cable networks.
Boeing factory workers, who have been on strike for seven weeks, will vote on a new contract offer from the plane manufacturer on Monday after rejecting the previous proposal.
Meta disclosed in a securities filing that it’s being investigated by the Consumer Financial Protection Bureau over its advertising practices, the Washington Post reported.
Elon Musk lost his bid to move the lawsuit challenging his $1 million voting giveaways to federal court after a US judge ruled the case should remain in state court.
Polymarket plans to push into sports betting following the 2024 election, Front Office Sports reported.
Wegovy can help improve patients’ liver disease, Novo Nordisk said, adding yet another potential benefit of the popular drug beyond weight loss.
U.S. Rig Count Holds Steady Amid Mixed Market Signals
For the second consecutive week, U.S. energy firms kept the total...
For the second consecutive week, U.S. energy firms kept the total rig count steady at 585 as of November 1, down 33 rigs, or 5%, from the same time last year, according to Baker Hughes.
Oil rigs dipped by one to 479, while gas rigs increased by one to 102. The rig count dropped about 20% in 2023 due to declining prices, inflation-driven costs, and a focus on debt reduction and shareholder returns over production growth.
While crude futures have declined by 2% in 2024 after last year’s 11% drop, gas futures have gained 6% following a 44% plunge in 2023. U.S. oil output rose to a record 13.4 million barrels per day in August, while gas production eased slightly to 115.9 billion cubic feet per day, according to the Energy Information Administration (EIA).
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