A calculator against a green backgroundImage source: The Motley Fool/UpsplashAs of this writing, the Fed is expected to cut the federal funds rate by 25 basis points (0.25%) at its next meeting on Sept. 18, 2024. The Fed rate cut is good news for borrowers and businesses, but it can be bad news for anyone who has a savings account.Let’s look at who stands to lose money from a Fed interest rate cut — and how much lower interest rates can hurt your savings.What happens to savings account APYs after Fed rate cutsSavings account APYs are not fixed. The interest…
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The table is set, the agenda prepared. Tomorrow afternoon Federal Reserve chair Jerome Powell will hold a press conference following the central bank’s Federal Open Market Committee (FOMC) meeting, and reveal whether the group has decided to lower the base interest rate. It would be the first time in more than four years that Powell will have made such an announcement, with the group previously voting to continually hike or hold the interest rate to wrestle inflation under control. But hawks and doves alike on the FOMC are growing increasingly mindful of the fact they have two parts to their…
Infiniti’s Q50 is bidding adieu to the American market. The premium compact sedan, which has been a staple in Infiniti’s lineup for several years, will be discontinued after the 2024 model year due to sluggish sales. Despite its competitive pricing and sporty performance, the Q50 has struggled to gain traction against rivals like the BMW 3 Series. Factors contributing to the Q50’s decline include a shifting consumer preference towards SUVs and crossovers and the increasing popularity of electric vehicles. Additionally, the Q50’s design, while stylish, may have become dated compared to newer competitors. Infiniti Discontinues Q50 After 2024 as Concept…
Analysts have a 21% 12-month average price target on the FTSE 100 company Frasers Group (LSE:FRAS). I’m also bullish on the business for its stellar valuation, strong market position, and relative recession resistance. Frasers continues to develop The company is a leading UK-based retailer that operates across sports, premium lifestyle, and luxury retail. Some of its most famous subsidiaries include Sports Direct, Flannels and Jack Wills. Management is actively pursuing international expansion, particularly in Europe. I expect this will help it to deliver strong future growth. Also, it’s focusing on enhancing the retail experience through improved store concepts with digital…
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Ryan Wesley Routh, the alleged would-be assassin of former President Trump, had tried to enlist a force of foreign fighters to help Ukraine beat back Russia, but was rejected by the volunteer force on the ground, with those involved in the effort describing Routh as having “delusions of grandeur” and a “messiah complex,” according to reports.Routh, 58, traveled to Ukraine in March 2023 to help the Ukrainian war effort but was quickly dismissed as a “wack job” and “off” by other foreign fighters serving Ukraine, sources within the volunteer effort told the New York Post.”A crazy idiot, but no one’s really…
HAVANA (Reuters) – Cuba’s communist-run government on Monday slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme created by the late Fidel Castro. The bread, one of a handful of still subsidized basic food products in Cuba, will be reduced from 80 grams to 60 grams (2.1 oz), or approximately the weight of an average cookie or a small bar of soap. Its price, too, was slightly reduced, to just under 1 peso, or 1/3 of a cent. Still, many Cubans, who earn around 4648 pesos a…
The Vorsteiner tuning package for the Lamborghini Huracan Sterrato is a testament to the modern obsession with customization and personalization. While the Sterrato has already made its mark as a unique blend of supercar and off roader, Vorsteiner has taken it to new heights with a series of carbon fiber enhancements that raise its exotic appeal. From the aggressive fender flares to the subtle aero fog lamp covers, the package adds a touch of sophistication and performance to an already impressive vehicle. The carbon fiber components not only enhance the Sterrato’s aesthetic appeal but also contribute to its weight reduction.…
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of XLF a Financial ETF, which we presented to members at elliottwave-forecast.com. In which, the rally from 05 August 2024 lows, showed the higher high sequence in higher time frame charts favored more strength. Also, the right side tag pointed higher against $40.50 low seen on 8.05.2024 low called for more upside. We will explain the structure & forecast below: XLF one-hour Elliott Wave chart from 9.11.2024 XLF 1 hour Elliott Wave Chart from 9.11.2024 Post-Market update, in which the ETF ended the 5 waves…
A teen charged as one of the alleged shooters in a triple homicide in the 400 block of N. 5th St. in 2023 will stand trial for homicide as an adult, judge rules Thursday.Lebanon County Court of Common Pleas Judge Charles Jones Jr. denied a petition Monday afternoon asking that James Fernandez-Reyes stand trial in juvenile court after two months of hearings. Fernandez-Reyes is charged with homicide for the deaths of Sebastian Perez-Salome, 9, Jesus Perez-Salome, 8, and Joshua Lugo-Perez, 19, were killed in a shooting on May 30, 2023.Since his arrest in 2023, Fernandez-Reyes has not publicly expressed concern…