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Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction.The chief market strategist at Jefferies told CNBC that central bankers shouldn’t be daunted by the July producer price index showing pipeline inflation pressures hotter than expected.Instead, he advocated the Fed move aggressively now to ease as a way to forestall a labor market slowdown and in fact help create a million more jobs. For the past three Fed meetings, Zervos has advocated a half percentage point cut in the…
Cisco Systems says it is not using artificial intelligence to reduce headcount — a stark contrast to many of its Big Tech peers. “I don’t want to get rid of a bunch of people right now,” Cisco CEO Chuck Robbins told CNBC on Thursday after being asked by Jim Cramer about the potential savings offered by agentic AI. Even more so in the case of engineers, Robbins added, “I just want our engineers that we have today to innovate faster and be more productive. That gives us a competitive advantage.” Agentic AI refers to digital systems that can bring human-like…
PGMOL chief Howard Webb says Premier League referees will award more penalties for holding in the 2025/26 season. Referees have been told to crack down on grappling at set pieces where a player’s contact impedes an opponent’s movement, following feedback from Premier League captains, players and clubs. “We have to identify those situations that do fall in line with the feedback that we had, that there are just a few too many examples of players clearly pulling people back, impacting their ability to move to the ball or some clear extreme actions are not being penalised,” said Webb.”They’re the ones…
A cargo ship full of shipping containers departs the port of Oakland at the San Francisco Bay, California, U.S., August 4, 2025. Carlos Barria | CbWith both the producer price index and the consumer price index still showing accelerations, consumers may be wondering why the price of goods across the board isn’t increasing more.But logistics experts are warning that those higher prices are currently hiding in “the middle mile,” otherwise known as warehouses and distribution centers, and are yet to come.The Trump administration’s back-and-forth on tariffs has had U.S. importers scrambling to pull forward their freight to mitigate those rates,…
You have to accept cookies in order to view this content on our site.Manage Settings Published 22 minutes ago By Chris ShawWatch a special new joint interview with Mohamed Salah and Virgil van Dijk as the Liverpool talismans talk past, present and future.The Egyptian and Dutchman recently sat down together to reflect on almost eight years as teammates with the Reds.Salah and Van Dijk offer their memories and insight about a hugely successful spell that has included two Premier League titles, Champions League glory and multiple other honours since they arrived at Anfield in the summer of 2017 and January…
Premier League referees’ chief Howard Webb has vowed that officials will get tougher on holding in the penalty area this season — but it will be done in a measured way so it lasts through the campaign.In recent seasons there have been initiatives to tackle handball, added time and players kicking the ball away which have been very strictly applied at first and then rolled back, leading to accusations of a change of direction.Editor’s Picks1 RelatedWebb explained that after speaking to captains and other stakeholders in the game that it was felt grappling, or holding, inside the area wasn’t been…
The seal of the U.S. Justice Department is seen on the podium in the Department’s headquarters briefing room.Kevin Lamarque | ReutersTwo men have been indicted in New York on federal criminal charges in connection with a water vending machine Ponzi scheme that allegedly swindled investors out of more than $200 million, the Department of Justice said Thursday.The two men were also hit by the Securities and Exchange Commission with civil charges of violating antifraud provisions of the federal securities laws in connection the same scheme.Ryan Wear, 49, of Everett, Washington, is accused of “raising more than $200 million from investors…
Aug 14, 2025, 02:15 PM ETNewcastle United have agreed a fee in the region of £40 million ($54m) for Aston Villa winger Jacob Ramsey, according to multiple reports.The 24-year-old is due to travel to the north east for a medical in order to complete the transfer.The prospective exit of Ramsey, who has made 167 appearances at Villa Park, will represent pure profit for Villa, who are walking a UEFA financial fair play and PSR tightrope and need to sell.- Newcastle sign defender Malick Thiaw from Milan- Ranked: The top 50 players going into the new PL season- Howe: Isak’s Newcastle…
KUWAIT: The Meteorological Department has forecast scorching daytime temperatures and warm to humid nights over the weekend, with conditions expected to be particularly humid along coastal areas. Director of the department Dharar Al-Ali told KUNA that the country will be under the influence of a hot, relatively humid air mass from Friday, especially in coastal and nearby areas. Light fog may form during the late-night hours and early morning in some locations, particularly along the coast, he added.The weather will be very hot with northwesterly to variable light-to-moderate winds at 8-38 km/h and occasional high clouds. The maximum temperature will…
CNBC’s Jim Cramer said Thursday that Amazon ‘s deeper push into the grocery business is creating a “new narrative” for the company as it threatens to disrupt incumbents like Walmart . Amazon announced Wednesday that Prime members in more than 1,000 cities and towns can now get free same-day delivery on fresh groceries for orders over $25. The e-commerce and cloud giant plans to more than double that reach by year-end, with further expansion slated for 2026. Cramer called it the “Amazon factor” — suggesting the company’s new push into same-day delivery of produce, dairy, and frozen food alongside household…