Greatest point guard

Share to Twitter Share to Linkedin Topline The stock market moved higher on Monday despite disappointing economic data out of China leading to rising concerns about a global recession and a drop in oil prices; meanwhile, investors are looking ahead to a big week of retail earnings. Key Facts Stocks rose after four straight weeks of gains: The Dow Jones Industrial Average was up 0.5%, nearly 200 points, while the S&P 500 gained 0.4% and the tech-heavy Nasdaq Composite 0.6%. Markets were initially lower after weak economic data from China overnight, with the country’s consumer and factory data coming in well below expectations, while China’s central bank also unexpectedly slashed interest rates amid a slowing economy. As China’s real estate slump and Covid lockdowns continue to weigh on economic growth, investors are growing concerned about what that could mean for the global economy, reigniting recession fears. Oil prices tanked … [Read more...] about Dow Jumps Nearly 200 Points Despite ‘Underwhelming’ Data From China Sparking Global Recession Fears

Republican Wyoming Rep. Liz Cheney compared herself to former President Abraham Lincoln during her concession speech Tuesday night. Cheney lost her primary to Trump-endorsed Harriet Hageman. “The great and original champion of our party, Abraham Lincoln, was defeated in elections for the Senate and the House before he won the most important election of all,” Cheney said while speaking to supporters in Jackson, Wyoming. “Lincoln ultimately prevailed, he saved our union, and he defined our obligation as Americans for all of history.” WATCH: Liz Cheney: “Abraham Lincoln was defeated in elections for the Senate and House before he won the most important election of all.” pic.twitter.com/VbTjCx4afC — Greg Price (@greg_price11) August 17, 2022 “Speaking at Gettysburg of the great task remaining before us, Lincoln said, ‘We here highly resolve that these dead shall not have died in vain, that this nation, under God, shall have a new birth of freedom, and that … [Read more...] about Cheney Compares Herself To Lincoln During Concession Speech

Share to Twitter Share to Linkedin Topline The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating that it will “take some time” before a reversal in monetary policy, according to the minutes from the central bank’s latest policy meeting. Key Facts Fed officials “emphasized” that a slowdown in demand would “play an important role” in reducing inflationary pressures, with most participants saying that it would likely “take some time” before the “bulk” of monetary policy tightening has a meaningful impact. Though there was little specific guidance for future rate increases, some officials acknowledged that there was a risk that the central bank could raise rates and tighten financial conditions by more than necessary. The Federal Reserve raised interest rates by 75 basis points at its last policy meeting in … [Read more...] about Fed Officials Pledge More Big Rate Hikes Until There Is A ‘Meaningful’ Decline In Inflation

- A + A (Aug 17): The Reserve Bank of New Zealand forecast home prices will keep sliding, as it hiked interest rates by half a point for the fourth straight meeting, with Governor Adrian Orr saying the central bank has clearly signalled risks to homebuyers. “The central projection assumes that prices will continue to decline until the September 2023 quarter,” the RBNZ said in a release. “This would result in a total decline of 15% from the December 2021 quarter peak, slightly more than assumed in the May Statement.” The Real Estate Institute’s price index slid 2.9% from a year earlier, the first fall since 2011, the group said last week. The gauge has dropped for five consecutive months. At a press briefing in Wellington, Orr was asked what he would say to those who have bought homes only to see prices drop and mortgage-servicing costs rise. Recent buyers should expect some belt-tightening, he said. “First and foremost we aren’t heartless,” Orr said, underlining … [Read more...] about RBNZ chief warns New Zealand home prices will keep falling

- A + A KUALA LUMPUR (Aug 17): The ringgit ended flat against the US dollar on Wednesday (Aug 17), amid the possibility of the Federal Reserve (Fed) taking a significant interest rate adjustment to bring rising inflation under control. At 6pm, the local currency stood at 4.4660/4685 versus the greenback from Tuesday’s close of 4.4660/4680. The United States Commerce Department data showed construction of new homes hit 18-month lows in July. The data pointed out that new residential construction in the US fell 9.6% last month to 1.45 million, suggesting that the real estate market is struggling more than expected, and this could generate further inflation. A trader said this has further boosted the greenback’s safe-haven appeal, ahead of the release of the Fed’s July meeting minutes and US July retail sales data later on Wednesday that could give further clues about the pace of future interest rate hikes. He said Fed officials have signalled the need for more … [Read more...] about Ringgit settles flat vs US dollar on Aug 17 as inflation fears cloud sentiment

- A + A "If the party concerned cannot hand over this ship within the specified time with the existing provisions, how can we be confident that they can meet our needs for the other ships.” KUALA LUMPUR (Aug 17): There will be no additional funds allocated if the first littoral combat ship (LCS) of Royal Malaysian Navy is not completed on schedule, said Senior Defence Minister Datuk Seri Hishammuddin Tun Hussein. He said his focus now is to ensure that the first LCS can be completed soon. "If the party concerned cannot hand over this ship within the specified time with the existing provisions, how can we be confident that they can meet our needs for the other ships. "So, I want to see what has been planned, what has been presented to the cabinet, as well as what I have answered in Dewan Negara can be completed and the test is the first ship. This first ship will not receive the latest injection of funds," he said. He said this at a news conference after … [Read more...] about No additional funds for first LCS, says Hishammuddin

New York (CNN Business) With football season approaching, Buffalo Wild Wings is adding a new menu item that's all but synonymous with the sport: pizza . For the first time, the sports bar chain is adding pizza to its menu -— with a unique spin. Buffalo Wild Wings pizzas, available beginning Wednesday for $9.99, feature a thin crust topped with boneless wings and smothered in one of the the brand's wing sauces. The pizza comes in two varieties: Buffalo Boneless Bar Pizza, which will be covered with ranch dressing, bleu cheese crumbles, mozzarella cheese and a medium-spiced buffalo sauce drizzle. There's also a Honey BBQ Boneless Bar Pizza with boneless wings in honey-flavored sauce, bacon crumbles, pickled hot peppers and two cheeses. The new Boneless Bar Pizza at Buffalo Wild Wings. The new menu items bolster the brand's reputation as a destination for watching football and other sports, Rita Patel, Buffalo Wild Wing's chief marketing … [Read more...] about Exclusive: Buffalo Wild Wings is adding pizza to its menu

Former president of Kiehl’s Chris Salgardo dedicated 18 years of his career to leading the New York-based brand to becoming one of the best-selling beauty brands in history. Today, more than two years after leaving Kiehl’s, Salgardo launches Atwater , a men’s grooming range named after his father’s hometown in California. At launch, Atwater will comprise of 10 products—ranging from cleanser to exfoliant to moisturizer—and will be available via direct-to-consumer channels as well as in Nordstrom store locations in the United States. advertisement advertisement Atwater is the latest beauty brand to launch in recent memory that’s founded by industry veterans with decades of experience and institutional knowledge at their disposal—legendary makeup artist Bobbi Brown brought Jones Road to market the moment her 25-year non-compete lifted in 2020, and former Estee Lauder VP Chaz Giles debuted personalized skin-care platform Revea last year. … [Read more...] about Former Kiehl’s president Chris Salgardo launches Atwater, a grooming brand for men

Meetings get a bad rap. However, their lousy reputations aren’t unwarranted since most people consider meetings a waste of time alongside stoking a lack of motivation and energy-sapping feelings. According to these sentiments, most meetings are terrible, and they’re getting more time-consuming and even less liked. advertisement advertisement If you’re a blatant opponent of meetings, you are not alone. A study by Atlassian found U.S. businesses waste $37 billion in salary costs for unnecessary meetings, and the average person attends a whopping 62 meetings per month. Research by Otter.ai found 70% of employees experienced a 70% increase in meetings when remote work was introduced. Working from home is great, but the downside may be even more meetings. In addition, according to data from LiveCareer , 36% of workers spend 4 to 7 hours per week in meetings, 32% spent 7 to 10 hours per week in meetings, and 39% said their meetings were getting … [Read more...] about Remote meetings have overtaken our calendars. Here are 3 ways to home in on the most necessary ones

The James Webb Space Telescope (JWST) started its science mission just a few weeks ago, surpassing all expectations while astonishing scientists and the public alike. Its infrared instruments and a light-collecting area 6.25 times larger than the Hubble Space Telescope are delivering sharper photos that go further into the Universe’s past than ever before. advertisement advertisement And yet, it will soon feel like a toy camera. The Webb is just the beginning of a new golden age of astronomy that is bringing us devices that will capture images that we can’t even imagine right now—the aggregate of which will change our perception of existence itself. Two of these future machines are very different from the JWST, each representing two completely different design philosophies. One is the Giant Magellan Telescope (GMT), a titanic device equipped with seven 27.5-foot mirrors that will be housed inside a 12-story building on top of Las Campanas Observatory … [Read more...] about These next-gen telescopes will make the James Webb look like a toy