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A rate cut in June is still on tap because the job market is weakening, Citi economist says

Federal Reserve Governor Jerome Powell delivers remarks during a conference at the Brookings Institution in Washington.Reuters/Carlos Barria It's still likely the Fed will issue its first rate cut this June, Citi economist Veronica Clark said. That's because central bankers will need to support a weakening labor market, Clark told Yahoo Finance. The...

Thu Apr 25, 2024 18:05
Harvey Weinstein's NY judge shouldn't have allowed 'prejudicial' testimony from women who said they, too, had been abused: appeals court

Harvey Weinstein arrives with his attorney Donna Rotunno criminal court on February 19, 2020 in New York City.Jeenah Moon/Getty Images; Chelsea Jia Feng/BINew York's top court overturned the 2020 sex crimes conviction against movie mogul Harvey Weinstein.The court said the trial made an error by allowing accusers who weren't a part of the complaint...

Thu Apr 25, 2024 18:05
A high-powered NYC lawyer is suing his ex for custody of their poodle and $208K, saying the pet is 'more than a dog' to him

A black miniature poodle, pictured, the same breed as Raven — the dog at the center of the custody battle.iStock/Getty ImagesA New York City lawyer is suing his ex-boyfriend, also a lawyer, for custody of a miniature poodle.The couple purchased the dog — Raven — together in 2020, but broke up last month.Taylor Leighton, who called the dog his 'child,'...

Thu Apr 25, 2024 18:05
Stock market today: US indexes drop as 1st-quarter GDP growth comes in weaker than expected

The US economy grew at an annualized rate of 1.6% in the first quarter of 2024.Photo by Michael Nagle/Xinhua via Getty Images) US stocks fell sharply Thursday as data showed the US economy grew much slower than expected to start 2024.  The report also showed consumer prices rising in the quarter, complicating the Fed's rate-cut decision. Bond yields...

Thu Apr 25, 2024 18:05
Why the S&P 500 is poised to gain 3% over the next 20 days, says JPMorgan's trading desk

Caspar Benson/Getty ImagesA tactical buy signal just flashed in the stock market, according to JPMorgan's trading desk.The bullish signal suggests that the S&P 500 could surge 3% within the next 20 days."This is very similar to what we saw in late Aug when the S&P bounced just over 3%," JPMorgan said.A tactical buy signal just flashed in the...

Thu Apr 25, 2024 18:05
A teen whose dad cofounded Slack and mom cofounded Flickr is missing somewhere around San Francisco

Mint Butterfield is the child of Stewart Butterfield, left, and Caterina Fake, right.Kevin Dietsch/Getty Images, Marin County Sheriff's Office, Andrew Toth/Getty Images for Vanity FairMint Butterfield, the teen child of two tech founders, has gone missing in California.Butterfield, 16, is believed to have run away, local authorities say — perhaps to...

Thu Apr 25, 2024 18:05

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