Author: admin

Federal Reserve Chairman Jerome Powell speaks at Jackson Hole on Aug. 22, 2025 in Wyoming.David A. Grogan | CNBCThe Federal Reserve meets this week with some big items on the agenda: An important rate decision and forecast of what’s ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers.On the monetary side, the Federal Open Market Committee on Wednesday will release its ruling on where it will set the overnight borrowing rate. Along with that, officials will sketch their outlook for what’s ahead for rates on the closely followed “dot plot” grid.Politically, there will be one…

BILBAO, Spain — It took just 36 seconds for Gabriel Martinelli to justify Mikel Arteta’s belief that Arsenal now possess the squad to win the UEFA Champions League. After 70 minutes of toil against Athletic Club in Spain, Martinelli’s instant impact as a match-winning substitute proved that Arteta now has game-changers on and off the pitch.Martinelli’s goal, 36 seconds after replacing Eberechi Eze, came from a pass by Leandro Trossard, who had only entered the game himself six minutes earlier in place of Viktor Gyökeres. Fifteen minutes later, Martinelli then turned creator for Trossard to score Arsenal’s second to cap…

Mortgage rates dropped sharply Tuesday, as investors in mortgage-backed bonds seemed to buy in ahead of a widely expected rate cut by the Federal Reserve.The average rate on the 30-year fixed mortgage dropped 12 basis points from Monday to 6.13%, according to Mortgage News Daily. That is the lowest level since late 2022.”The overall set-up is reminiscent of September 2024 when rates were doing the same thing for the same reasons ahead of Fed meeting with a virtual 100% chance of a rate cut,” said Matthew Graham, chief operating officer of Mortgage News Daily. “Back then, mortgage rates moved paradoxically…

BILBAO, Spain — Mikel Arteta lauded Arsenal’s squad strength and said the team’s “finishers can be more important than the starters” after goals from substitutes Gabriel Martinelli and Leandro Trossard sealed a 2-0 Champions League win against Athletic Club in Bilbao.Martinelli took just 36 seconds to score Arsenal’s opening goal on 71 minutes after replacing Eberechi Eze and his goal was created by Trossard, who had taken the place of Viktor Gyökeres six minutes earlier.Martinelli and Trossard then linked up for the Belgium winger to score Arsenal’s second goal on 87 minutes and after seeing his late changes make a…

In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. Vcg | Visual China Group | Getty ImagesPresident Donald Trump on Tuesday extended the deadline for ByteDance to divest TikTok’s U.S. business, which will be owned by an investor consortium that includes Oracle and Silver Lake, CNBC’s David Faber reported.It’s the fourth time Trump has extended the deadline. The extension, as described in an executive order, precludes the Department of Justice from enforcing a national security law that would effectively ban TikTok in the U.S. until Dec. 16.U.S. Treasury Secretary Scott…

Five top executives of publicly traded strip club operator RCI Hospitality Holdings — including its CEO Eric Langan — have been indicted in connection with a multi-million-dollar criminal tax fraud and bribery scheme, New York Attorney General Letitia James announced Tuesday.The scheme included RCI executives allegedly bribing a New York state Department of Taxation and Finance auditor and supervisor with 13 complimentary multi-day trips to Florida, where he was given up to $5,000 per day for “private dances at RCI-owned strip clubs, including Tootsie’s Cabaret in Miami,” James’ office said in a press release.And “on at least 10 occasions since…

MADRID — Trent Alexander-Arnold was substituted just five minutes into Real Madrid’s Champions League game with Marseille on Tuesday, after suffering an injury.The right-back went to ground two minutes earlier at the Santiago Bernabéu, holding his thigh, after a spell in possession.- Champions League live updates as Real Madrid host MarseilleAlexander-Arnold — who joined Madrid from Liverpool in the summer — was replaced by club captain Dani Carvajal.Carvajal was later sent off in the 72nd minute but Madrid came from behind to win 2-1 thanks to two Kylian Mbappé goals.Trent Alexander-Arnold went off with an injury in the fifth minute…

Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024.Adek Berry | AFP | Getty ImagesLONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.’s “largest supercomputer,” with more than 23,000 advanced graphics processing units, in partnership with Nscale, a British cloud computing firm.The spending…

Sep 16, 2025, 03:28 PM ETEuropean champion Paris Saint-Germain won’t be as short-handed as initially feared when they begin their defense of the Champions League title.PSG extended their perfect start in Ligue 1 with a fourth straight win over the weekend, but the victory was overshadowed by injuries to Khvicha Kvaratskhelia, Lee Kang-in and Lucas Beraldo, all of whom were forced off the field.But the club said Tuesday on the eve of hosting Serie A team Atalanta at Parc des Princes that only Beraldo remained “under treatment” after spraining his left ankle.The update came as a relief for PSG, who…

Kylian Mbappé converted two penalties and 10-man Real Madrid came back to beat visiting Marseille 2-1 on Tuesday on the opening night of the Champions League.The victory meant that 15-time champions Madrid became the first team in competition history — since the rebranding in the early 1990s — to reach 200 wins.- Trent exits with injury during Madrid’s UCL openerAnd it gave former Madrid playing standout Xabi Alonso a victory in his Champions League debut as the club’s coach.Timothy Weah put visiting Marseille ahead early on but Mbappé struck back from the penalty spot in the 29th and 81st. Madrid captain Dani…