Latest in The Federal Reserve Is Cutting Rates With Inflation Moving in the Wrong Direction
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Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened
Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November. The sale of the Observer, the world’s oldest Sunday newspaper, to ...The Guardian - Dec. 6 -
Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.ABC News - Dec. 6 -
Insurance giant Aviva agrees to buy Direct Line for $4.6 billion
Aviva, the U.K.’s largest insurance company, has agreed to fully-acquire Direct Line for 275 pence per share, or £3.6 billion ($4.6 billion)MarketWatch - Dec. 6 -
Aviva agrees to buy Direct Line in £3.6bn insurance deal
Combined group would control a fifth of UK motor insurance marketFinancial Times - Dec. 6 -
Ja Morant got ejected after reacting to foul call referees later admit was wrong
Grizzlies coach Tyler Jenkins was incensed but Memphis held on to win the game.Yahoo Sports - Dec. 6 -
Blackburn unveils 'DOGE Acts' to cut spending, freeze federal hiring and salaries
Sen. Marsha Blackburn (R-Tenn.) has unveiled her “DOGE Acts” to cut spending and freeze federal hiring, as well as salaries. “Senator Blackburn is planning to introduce a package of bills – known ...The Hill - Dec. 5 -
Where House progressives' new leader thinks Democrats went wrong: From the Politics Desk
In an interview, Texas Rep. Greg Casar, the new chair of the Congressional Progressive Caucus, details where Democrats went wrong in the 2024 election.NBC News - Dec. 5 -
Aviva raises offer to buy Direct Line
FTSE 100 insurer makes second bid for its smaller rival at 261p a shareFinancial Times - Dec. 5 -
Missing: a clear direction for Starmer
Labour’s obsession with winning the next election is distorting governmentFinancial Times - Dec. 5 -
Elon Musk-led effort to cut federal workforce risks stifling labour market
Plus, does Trump spell good news for bankers?Financial Times - Dec. 5 -
Why a ‘robust’ jobs report for November probably wouldn’t derail Fed rate cut
A “decently robust” U.S. jobs report on Friday probably wouldn’t derail the Fed from delivering an interest-rate cut this month, according to BlackRock’s Russ Brownback.MarketWatch - Dec. 5 -
Effort to cut federal workforce takes aim at key US jobs engine
Government and healthcare have emerged as biggest source of American employment, particularly for knowledge workersFinancial Times - Dec. 5 -
Airbus to Move Ahead With 2,000 Job Cuts at Defense and Space Business
The cuts amount to around 5% of the division’s workforce, fewer than the up to 2,500 positions Airbus had initially sought to eliminate two months ago.The Wall Street Journal - Dec. 5 -
Bengals place kicker Evan McPherson on injured reserve, sign Cade York to practice squad
Cincinnati has a shake-up at kickerCBS Sports - Dec. 4 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Chipotle says it's raising prices 2% in response to inflation
Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact of ongoing price increases in the economy on its finances.NBC News - Dec. 4 -
Chipotle Raises U.S. Prices by 2% to Offset Inflation Costs
The chain aims to balance higher costs for avocados, queso and sour cream while maintaining its appeal to inflation-weary consumers.The Wall Street Journal - Dec. 4 -
The positive flipside of rampant inflation
The biggest debt reduction scheme in history?Financial Times - Dec. 4 -
Plaschke: Baseball fans can whine, but there's nothing wrong with the way the Dodgers are winning
Some MLB teams and their fans are complaining the Dodgers are spending too much on star free agents, but other teams should be doing the same thing.Yahoo Sports - Dec. 4 -
BoE governor expects four UK rate cuts next year as inflation eases
Andrew Bailey welcomes better than expected fall in price growth in FT interviewFinancial Times - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
Shamed into silence online: the sexualised, personal hate reserved for Somali women | Sahra Ahmed Koshin
Somali women who speak out on social media can expect fake nude images and degrading abuse. But some are fighting back. Social media has given Somali women the space to be free, to organise ...The Guardian - Dec. 4 -
Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.CNBC - Dec. 4 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Is the Ukraine conflict a proxy or direct war against Russia?
The difference between them is a matter of perception and interpretation by the (indirect and direct) belligerents involved.The Hill - Dec. 3 -
Biden’s Christmas present for Trump: Sticky inflation
President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.The Hill - Dec. 3 -
This 22-year-old once dreamt of becoming a software engineer—instead, she just directed her first TV commercial
Ash Xu once thought she'd grow up to be a software engineer. Instead, the 22-year-old is fresh off directing her first TV commercial.CNBC - Dec. 3 -
Sports Direct under fire for misspelt Cymru hat
Sports Direct have been caught selling a bobble hat branded with "Cyrmu" instead of Cymru.BBC News - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
49ers injury bug: Christian McCaffrey, Jordan Mason among those headed to injured reserve
San Francisco has been dealing with a rash of injuries -- and off-field tragedies -- all seasonCBS Sports - Dec. 2 -
49ers put running backs Christian McCaffrey, Jordan Mason on injured reserve
McCaffrey suffered a PCL injury during Sunday's loss to the Bills, while Mason went on IR with a high ankle sprain.Yahoo Sports - Dec. 2 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2 -
One of the Best N.F.L. Kickers Ever Has Suddenly Lost His Direction
Justin Tucker has now had multiple crucial misses on either field goals or extra point attempts in four of the Ravens’ five losses.The New York Times - Dec. 2 -
Giants' Dexter Lawrence placed on season-ending injured reserve after injuring elbow vs. Cowboys
Things have gotten even worse for Big BlueCBS Sports - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
Injured kicker becomes NFL's all-time leader in field goal accuracy while sitting on injured reserve
In a span of 90 minutes on Sunday, the title of most accurate kicker in NFL history changed hands twiceCBS Sports - Dec. 2 -
A Second-Rate Crime Gets a Second-Rate Pardon
At least Joe didn’t make Hunter ambassador to a major international ally.The New York Times - Dec. 2 -
'Wrong,' 'unwise': Senate Democrats rebuke Biden over Hunter pardon
Multiple Senate Democrats have rebuked President Biden's decision to pardon his son Hunter Biden, calling it improper and saying it risks further eroding trust in government. “President Biden’s ...The Hill - Dec. 2
