The Federal Reserve began a two-day meeting Tuesday in which another interest rate hike is expected to be announced Wednesday afternoon. Joe St. George has a look at how much of an increase is expected this time and whether or not these hikes will be stopping anytime soon.
Israel's security minister, controversial far-right politician Itamar Ben-Gvir, has been taken to hospital with minor injuries after a car accident, police have said. Video on social media showed the car Mr Ben-Gvir was travelling in had flipped over. Police said they were investigating the circumstances of the accident and that Mr Ben-Gvir's daughter, a security guard and a driver were also injured.
WASHINGTON (AP) — The CEOs of leading U.S. technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation's critical services from “AI-related disruptions.” Homeland Security Secretary Alejandro Mayorkas announced the new board Friday which includes key corporate leaders in AI development such as OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, Google CEO Sundar Pichai and Nvidia CEO Jensen Huang. AI holds potential fo
NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may be stickier for longer and that “stagflation is on the list of possible things” that could happen to the U.S. economy. “You sho
As inflation data shows continued stickiness, the likelihood of an imminent Federal Reserve rate cut has diminished, prompting market readjustments. Zacks Investment Management Client Portfolio Manager Brian Mulberry joins Wealth! to discuss how stubborn inflation not only impacts rate cut decisions but also earnings expectations. Mulberry states that markets are undergoing "a repricing event" due to a higher-for-longer interest rate environment. He highlights that with the Fed's target of 2% inflation, there is not "enough information or data to truly determine what interest rates should be today" — forcing a shift in how "future earnings are going to be valued." "In this moment, the earnings in the current quarter aren't as important as the guidance over the next couple of quarters for investors right now," Mulberry told Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Counties have been given two weeks to accept proposals from the England and Wales Cricket Board that could raise around £500 million and hand cash-strapped clubs a lifeline.
The First Nations Leadership Council has praised the recently signed Haida “Rising Tide” land agreement, while also calling on the federal government to reach similar agreements. The agreement — which will give the Haida Nation title over their traditional territory — was tabled at the B.C. legislature on April 22, and will soon become law. First Nations Summit political executive Robert Phillips praised the Haida Nation and the B.C. government for an agreement he said “sets up a process so that
Tom, whose experience echoes that portrayed in Baby Reindeer, talks about the impact on him and the police response
OTTAWA — After the Assembly of First Nations' national chief said her headdress was taken from an airplane cabin this week, Prime Minister Justin Trudeau called the incident "unacceptable" and a "mistake" on the part of Air Canada. Cindy Woodhouse Nepinak, who leads the advocacy organization, said in a social-media post Thursday her headdress and its case were taken away and put in a garbage bag. She said the incident left her with hurt feelings, and Air Canada needs a protocol for First Nations
The Conservative Party is “stuck” with Rishi Sunak until the general election and there is no Boris Johnson-style figure waiting in the wings to save it, Britain’s foremost polling expert has said.
The Ehattesaht First Nation says a killer whale calf that had been trapped in a remote Vancouver Island lagoon for more than a month is now free after it swam out on its own early Friday morning.The nation said kʷiisaḥiʔis, or Brave Little Hunter, swam over the sandbar and out into open water during high tide around 2:30 a.m. PT.After a long night of feeding kʷiisaḥiʔis and watching her play in the lagoon, the nation said, a small group "stood as witnesses to watch her swim under the bridge and
Secretary of state met Xi Jinping in Beijing and warned of sanctions over China’s support for Russian arms industry
NEW YORK (AP) — Alphabet and Microsoft are leading the U.S. stock market on Friday toward the finish of its first winning week in the last four. The S&P 500 was 1.1% higher in afternoon trading and on track for its best week since November. The Dow Jones Industrial Average was up 166 points, or 0.4%, as of 12:29 p.m. Eastern time, and the Nasdaq composite was 2.1% higher. Alphabet jumped 10.4% after breezing past analysts’ expectations for profit last quarter. The parent company of Google also s
WINNIPEG — A school trustee's comments on Indigenous people and residential schools have led to condemnation from many quarters and a review by the Manitoba government. Paul Coffey, a trustee in the Mountain View School Division, told a school board meeting this week that residential schools started as a good thing. He also said he would refer to Indigenous people as "Indians," questioned the extent of abuse at residential schools, and said the term "white privilege" is racist. The Southern Chie
The artist on how she went from the stereotype of ‘starving in a garret’ to one of the most in-demand portraitists in Britain
The home “provides an amazing self contained paradise estate with absolute privacy,” the listing notes.
U.N. investigators examining Israeli accusations that 12 staff from the U.N. Palestinian refugee agency UNRWA took part in the Oct. 7 Hamas attacks have closed one case due to a lack of evidence from Israel and suspended three more, U.N. spokesperson Stephane Dujarric said on Friday. He said the inquiry by the Office for Internal Oversight Services (OIOS) continues into the remaining eight cases. In the closed case, Dujarric said "no evidence was provided by Israel to support the allegations against the staff member" and that the U.N. is "exploring corrective administrative action to be taken in that person's case."
The president also criticized the media for going easy on Trump. "I think some of them are worried about attacking him," he told SiriusXM's Howard Stern.
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The City of Toronto is opening park washrooms and water fountains early this year. Eighty per cent of the city's washrooms are now open, with the rest to open by the end of next week, Mayor Olivia Chow said at a news conference Friday. Seasonal washrooms, along with their attached water fountains, usually open in May but were able to be activated earlier thanks to warmer than usual temperatures, she said."It takes the staff a lot of work ... It's so complicated," she said. "I know right now it d
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