Author: franperez66q@protonmail.com
National Economic Council Director Kevin Hassett said Wednesday he sees no argument for hiking interest rates in light of the latest data on the U.S. economy, including an “amazing” inflation report.”There’s not really an excuse for raising rates right now,” Hassett said on CNBC’s “Squawk Box.”He said that he expects the Federal Reserve will “be thinking the other way,” meaning lowering interest rates, if the data trends continue.Hassett added that the White House is expecting Fed Chair Kevin Warsh, President Donald Trump’s pick who started the job in late May, will “drive the committee to the right answer.”Hassett’s inclination toward…
Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate Banking Committee, facing questions over the the economy and how various factors might impact interest rates.Part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House Financial Services Committee. During his remarks, he reaffirmed the Fed’s commitment to fighting inflation though he gave few clues about the direction of monetary policy.Legislators tried baiting Warsh into commenting on fiscal and political matters, but he largely avoided the topics, stressing the importance of the Fed staying focused on its assigned responsibilities.Read more:Warsh pledges Fed policy…
Investing.com — Pentair stock plunged 15.3% in mid-day trading to reach $64.11 after the water solutions company released a negative pre-announcement after Tuesday’s close, revealing that preliminary Q2 2026 sales are expected at approximately $930 million — a roughly 17% miss versus its prior guidance of approximately 1% growth and well below the approximately $1.14 billion analyst consensus — with the entire shortfall attributed to aggressive inventory destocking by pool distributors. The destocking alone erased an estimated $170 million in Pool segment sales and approximately $105 million in segment income during the quarter, forcing management to also slash full-year 2026…
Commissioner Anna Gomez, the only Democrat on the three-member FCC, today called Carr’s plan an “unlawful effort to hand control of the public airwaves to billionaire buddies of this administration.” She said it “will destroy local newsrooms, silence community reporting, and drive up costs for the American families who depend on local stations for news and emergency alerts.” Without the 39 percent cap, “this FCC is now poised to allow local broadcasters to sell those airwaves off to the highest bidder,” Gomez said. A press release issued by the FCC chairman’s office said that case-by-case reviews will allow mergers to…
Northumbrian MP Ian Lavery has claimed mocking people with strong regional accents is the last form of acceptable discrimination.The Labour MP for Blyth and Ashington joined fellow MPs railing against those who look down on people because of how they speak, during a debate in Parliament.Jo Platt, the Labour MP for Leigh and Atherton, led the Westminster Hall debate on regional accents and social mobility, explaining the pressure on people to change the way they speak in order to progress in life.The debate came as fellow Mancunian, Andy Burnham, is about to become the prime minister.Burnham has proposed a programme…
World Cup semi-final rekindles rivalry fuelled by Falklands dispute and fierce clashes on the pitch Source link
Xavier Lorenzo | Moment | Getty ImagesWhile federal courts have blocked the Trump administration’s efforts to curb eligibility for Public Service Loan Forgiveness, other recent changes still impact borrowers’ ability to benefit from the program. For example, a new repayment plan doesn’t qualify for PSLF, and many parent borrowers may now be locked out of the program entirely. These shifts are due to President Donald Trump’s One Big Beautiful Bill Act, which overhauled the country’s federal student loan system, and are effective as of July 1. PSLF, which President George W. Bush signed into law in 2007, allows certain not-for-profit and…
Chile’s Codelco expects flat copper output in coming years, chairman says Source link
Dario Amodei, co-founder and CEO of Anthropic, during the company’s Builder Summit in Bengaluru, India, Feb. 16, 2026.Samyukta Lakshmi | Bloomberg | Getty ImagesAnthropic is lining up meetings with investors ahead of a potential initial public offering later this year, a person with knowledge of the plans told CNBC.Bankers leading the offering are scheduling meetings between prospective investors and executives of the artificial intelligence firm behind the popular Claude models, said the person, who declined to be identified speaking about the process.The meetings suggest Anthropic’s IPO preparations are advancing, as bankers begin sounding out investor demand before a formal roadshow…
US Federal Reserve Chair Kevin Warsh testifies during a Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, DC, on July 15, 2026. Ken Cedeno | AFP | Getty ImagesFederal Reserve Chairman Kevin Warsh on Wednesday declined to say if he has spoken to President Donald Trump since becoming chair, but confirmed he is in regular communication with the Trump administration.That doesn’t affect his independence, Warsh said. Warsh is in a delicate position seven weeks into his term as Fed chair. Investors are trying to suss out where the Fed will take…