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A sign of hope is spreading in the market this Monday morning, as Friday’s PCE data has raised hopes that the Federal Reserve is very close to signaling its first rate cut in September. Core PCE was slightly better than expected, remaining steady at 2.6% instead of further easing to 2.5%, while other data was in line with or below expectations. For example, personal income and spending showed easing, and inflation-adjusted PCE fell to 0.2% on a monthly basis. Overall, the data was interpreted as a green light for the Fed to confirm that September is a good time to…
Shell holes where an artillery shell struck a playground in Majdal Shams in the annexed Golan Heights on Saturday. The Israel Defense Forces blamed Hezbollah and vowed to retaliate. Photo by Atef Safadi/EPA-EFE July 29 (UPI) — Israel’s security cabinet has given Prime Minister Benjamin Netanyahu and his defense minister the authority to decide “how and when” to retaliate for deadly weekend attacks on the occupied Golan Heights, as world leaders urge calm amid growing fears of an escalating war. At least a dozen young people were killed and more than two dozen injured when a direct hit hit a…
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to receive the newsletter every weekday. Standard subscribers can upgrade to Premium here or see all FT newsletters.Good morning. Donald Trump promised to end the “persecution” of the cryptocurrency finance industry and said that its rules should be “written by people who love crypto.” [the] industry.” And so ended Unhed’s dream of working for the SEC under Trump. Please email words of comfort to robert.armstrong@ft.com and aiden.reiter@ft.com.Inflation is falling, the economy is doing well, and the Fed is in no rush Wednesday’s FOMC meeting…
Latest Market News for Today Live Updates: Check out today’s market roundup! Track the Nifty 50 and Sensex movements and top gainers and losers. See how Asian and US markets performed and which sectors led the way (or down). In a nutshell: Follow Mint’s Market Blog for real-time updates on your favourite companies. This blog brings you all the latest news on Dalal Street and global markets.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. 29 Jul 2024 11:14:13 AM IST Today’s stock market updates: Sona BLW: Nomura maintains ‘buy’ and raises price target…
Monday, July 29, 2024Reading time: 3 minutesPrivate jets offer unparalleled convenience, flexibility and luxury. Discover 6 reasons why choosing private jet travel will enhance your trip.Recent findings from Private Jet Card Comparison suggest that traveling on a private jet is not a luxury as many commentators claim, but rather is often a practical choice made by users based on their specific travel needs.According to the data, only 13% of Private Jet Card Compare subscribers fly exclusively on private jets. In contrast, a whopping 87% of subscribers travel on a combination of commercial airlines and private jets.”When my schedule requires it,…
The United States has signaled a possible strategic shift away from traditional intelligence, surveillance, and reconnaissance (ISR) systems to more advanced platforms that leverage new technologies, such as space-based assets and stealth drones. This month, The Warzone reported that U.S. Secretary of the Air Force Frank Kendall hinted at the new ISR platform during a roundtable discussion ahead of the Farnborough International Airshow in the UK. The discussion began with aviation journalist Chris Pocock asking about the U.S.’s ISR future after the retirement of the U-2 Dragon Lady and RQ-4 Global Hawk, to which Kendall described future ISR as “a…
Downward angle icon Downward angle icon. “I got to know a little bit more about her parenting and I realized we actually have a lot of similar ideas,” Melinda French Gates said of MacKenzie Scott’s parenting style in an interview with The New York Times. Scott Kowalczyk/CBS via Getty Images; Taylor Hill/FilmMagic via Getty Images Melinda French Gates says she and MacKenzie Scott have a lot in common beyond their philanthropic work. According to The New York Times, French Gates and Scott get along well when it comes to parenting. French Gates says she doesn’t want to pamper her kids,…
This is an audio transcript of the Life and Art from FT Weekend podcast episode: ‘How to stop worrying about the ‘right’ way to travel’Lilah RaptopoulosHi listeners, this is Lilah. A quick note that I will be off after this episode for August, but we are planning a lot of really great episodes for you while I’m out. We’ve got some of our favourite guest hosts to come in. We have our menswear expert and host of Unhedged, Rob Armstrong, host of the FT News Briefing, Marc Filippino. We have our food and drink editor, Harriet Fitch Little. It’s going…
Von der Leyen highlighted her intentions for investment screening in a manifesto she released last week ahead of her re-election for another five-year term as EU secretary-general. “We will complete the review of the foreign direct investment screening framework, develop a truly coordinated approach to export controls and address risks from foreign investment,” the manifesto said, listing two key pillars of the ESS as linchpins of von der Leyen’s plan to protect the EU’s relationship with China from risks. The EU fears that advanced technology could end up in the hands of the Chinese military, with officials often pointing out…
Von der Leyen highlighted her intentions for investment screening in a manifesto she released last week ahead of her re-election for another five-year term as EU secretary-general. “We will complete the review of the foreign direct investment screening framework, develop a truly coordinated approach to export controls and address risks from foreign investment,” the manifesto said, listing two key pillars of the ESS as linchpins of von der Leyen’s plan to protect the EU’s relationship with China from risks. The EU fears that advanced technology could end up in the hands of the Chinese military, with officials often pointing out…