Author: Press Room
By Vanessa Infanzon, Next Avenue In 2001, a YMCA in Brooklyn hired a husband-and-wife team of television producers, Stephanie Walter and John Williams, to help 15 high school students pull together a film about retired seamen living at the YMCA’s residential facility. The class’s final project, a one-hour documentary called “Sea Story,” was so well done that WNET, the PBS Invesco Dynamic Media ETF station in New York, broadcast it. “The sailors were very interesting,” Williams says, “but Stephanie and I found the students to be more interesting.” Walter and Williams asked the YMCA if they could recruit students for…
WASHINGTON – Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort to balance confidence on inflation with worries over the labor market, according to minutes released Wednesday.The meeting summary detailed reasons that policymakers decided to approve a jumbo rate cut of 50 basis points for the first time in more than four years, and showed members divided over the economic outlook.Some officials hoped for a smaller, quarter percentage point reduction as they sought assurance that inflation was moving sustainably…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 rose to a new record high Wednesday. There was no specific catalyst for the move, but we are seeing a continuation of a theme that we’ve been pointing out. With oil prices sliding and China’s market giving back more of its recent gains, U.S. stocks have been free to rally. The market maintained its gains after minutes from the Federal Reserve’s September policy meeting showed…
Ratan Tata, the former Tata Group chairman, has died at the age of 86, according to a statement from the Indian conglomerate. “It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,” the statement read. In a post on X, Indian Prime Minister Narendra Modi reacted to Tata’s passing. “Ratan Tata was a visionary business leader, a compassionate soul and an extraordinary human being,” he wrote. Tata retired as chairman in 2012 and was currently Chairman Emeritus…
IDT Corporation (NYSE:IDT) Q4 2024 Earnings Conference Call October 8, 2024 5:30 PM ET Company Participants Shmuel Jonas – Chief Executive OfficerMarcelo Fischer – Chief Financial Officer Conference Call Participants Greg McKinley – Asymmetric Management Operator Good evening, and welcome to the IDT Corporation’s Fourth Quarter and Full Fiscal Year 2024 Earnings Call. In today’s presentation, IDT’s management will discuss IDT’s financial and operational results for the three- and 12-month periods ended July 31, 2024. During prepared remarks by IDT’s Chief Executive Officer, Shmuel Jonas, all participants will be in listen-only mode. [Operator Instructions] After Mr. Jonas’ remarks, Marcelo Fischer,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brazil’s supreme court on Tuesday authorised the restoration of public access to Elon Musk’s X following a month-long ban, after the billionaire backed down in his feud with the top tribunal and agreed to remove extremist content from the social media platform.The climbdown represents an about-face for Musk, who for months had taunted the court, accusing Justice Alexandre de Moraes of being a “dictator” for demanding that X remove accounts linked to far-right groups in Brazil.“This quarrel with X demonstrated that no…
Harris reacts to claim Trump secretly sent Putin individual Covid tests at height of pandemic During an interview at “The Howard Stern Show,” Vice President Kamala Harris reacted to new details from journalist Bob Woodward’s book claiming former President Donald Trump sent a secret shipment of Covid-19 testing equipment to Russian President Vladimir Putin for his personal use during the height of the pandemic. Read the full article here
Democratic presidential candidate Kamala Harris has backed an earth-shattering idea: For the first time, traditional Medicare would pay for personal assistance at home and related long-term care. Currently, only Medicaid and certain Medicare managed care programs provide long-term care benefits. Harris endorsed the idea in an appearance on the television show The View and her staff heavily promoted her initiative to news organizations. She’d break down the six-decade wall between traditional Medicare and long-term care and potentially vastly expand government support for frail older adults and their families. In her television appearance, Harris spoke passionately about being a caregiver for…
Washington D.C., Denver and Raleigh, North Carolina, are the real estate markets that are projected to see the most substantial changes as the Federal Reserve begins to lower borrowing rates. According to a new Realtor.com report published Tuesday, markets with a high percentage of homeowners with a mortgage stand to see the most changes. In Washington and Denver, for instance, almost 75% of owner-occupied homes have a mortgage. But the effect of lower mortgage rates will differ depending on mortgage usage and homeowners in these areas, according to the real estate firm. FEDERAL RESERVE CUTS INTEREST RATES BY HALF-POINT; FIRST RATE…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks are rallying Tuesday after a nearly 1% drop in the S & P 500 in the prior session. A reversal of two recent trends are helping lift the market. First is the drop in the price of oil. Over the past week, we’ve seen the broader market sell-off when oil spiked on Middle East tensions. The opposite is happening Tuesday, although the market came off its highs of…
