Cruz Beckham visits girlfriend Jackie Apostel’s hometown in Rio for romantic getaway

Cruz Beckham visits girlfriend Jackie Apostel’s hometown in Rio for romantic getaway

Cruz Beckham has taken a big step in his relationship with girlfriend Jackie Apostel. The 19-year-old travelled to Rio de Janeiro, which is where Jackie was born, for a romantic getaway, marking an exciting milestone in their blossoming romance. The couple were spotted enjoying the sunshine at Rio’s iconic Ipanema Beach. Jackie, 29, looked effortlessly … Read more

3 Takeaways From Penguins Disappointing 6-3 Loss To Islanders

3 Takeaways From Penguins Disappointing 6-3 Loss To Islanders

The Pittsburgh Penguins compete with over five teams, including the New York Islanders, for a wildcard spot in the Eastern Conference. However, for the second time this season, Pittsburgh dropped a meaningful game at UBS Arena, falling 6-3 to the Islanders on Saturday night. In contests at the new rink this season, the Penguins are … Read more

Powell’s Battle-Ready Fed Gives the Trump Trade a Stress Test

Powell’s Battle-Ready Fed Gives the Trump Trade a Stress Test

(Bloomberg) — A month ago, all anyone in markets could talk about was Donald Trump and how his blueprint for the US economy would sow growth, next year and beyond. Most Read from Bloomberg Heading into the Christmas break, a no-less-formidable force has retaken the stage: Jerome Powell. The Federal Reserve chair’s hawkish turn this … Read more

Stocks, Bonds Decline for the Week After Fed Pivot: Markets Wrap

Stocks, Bonds Decline for the Week After Fed Pivot: Markets Wrap

(Bloomberg) — Major US stock indexes saw their worst week since mid-November after the Federal Reserve’s decision to be more cautious about cutting interest rates next year roiled markets. Treasuries sold off for a second consecutive week. Most Read from Bloomberg The S&P 500 and the Nasdaq 100 rose on Friday — paring what would … Read more

US Loans to Rivian, Plug Under Threat From Federal Shutdown

US Loans to Rivian, Plug Under Threat From Federal Shutdown

(Bloomberg) — Billions of dollars in federal loans to Rivian Automotive Inc., Plug Power Inc., PG&E Corp. and other companies are under threat because of a potential US government shutdown. Most Read from Bloomberg The Biden administration’s Energy Department has been racing to cement more than $41 billion in conditional financing before the Jan. 20 … Read more

Why a housing market ‘thaw’ never came in 2024

Why a housing market ‘thaw’ never came in 2024

Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason is largely tied to mortgage rates’ bumpy path this year alongside low supply and record home prices. In January, the average 30-year fixed mortgage rate was hovering around 6.6%, according to Freddie Mac. Now, … Read more

There’s now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says

There’s now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says

Continued economic strength along with inflationary policies expected from President-elect Donald Trump could mean the Federal Reserve may have to resort to rate hikes in 2025, a top economist warned. Wall Street just threw a tantrum over indications that the Federal Reserve will make fewer rates cuts than expected next year, but a top economist … Read more

What to know this week

What to know this week

The holidays are here. But many investors may be feeling like they made it onto the naughty list as they contend with challenges from turmoil in Washington as President-elect Donald Trump and Elon Musk flex their newfound political power to a souring outlook on the Fed’s interest rate policy, with fewer cuts expected to come … Read more

Trump Picks Miran to Head His Council of Economic Advisers

Trump Picks Miran to Head His Council of Economic Advisers

(Bloomberg) — President-elect Donald Trump is nominating Stephen Miran to lead his Council of Economic Advisers, enlisting a former Treasury official who served in Washington during his first administration. Most Read from Bloomberg “Steve will work with the rest of my economic team to deliver a great economic boom that lifts up all Americans,” Trump … Read more