Author: Jack Mulligan
Two Palestinians were wounded on Monday when a rocket, reportedly fired by Lebanon’s Hezbollah, struck the northern West Bank. The rocket was part of a larger barrage of long-range projectiles launched by Hezbollah toward Israel, setting off warning sirens in several West Bank settlements. Rocket Impact in Deir Istiya According to the Palestinian Authority’s official Wafa news agency, the rocket landed between homes in the town of Deir Istiya, causing significant material damage. Among those injured were a 60-year-old man and an elderly woman, both of whom were taken to a hospital for treatment. Wafa did not provide details on…
Federal Reserve Bank of Atlanta President Raphael Bostic said that the central bank’s decision to start its rate-cutting cycle with a substantial half-point move will help stabilize the labor market and bring interest rates closer to a neutral level. However, Bostic cautioned that officials should avoid committing to further large cuts due to ongoing uncertainty about inflation. In a speech delivered at a virtual event organized by the European Economics and Financial Centre, Bostic emphasized the need to remain flexible, as the risk of inflation returning remains a concern. He noted that the labor market is weakening, but not yet…
If you’re wondering why you’ll be seeing two Monday Night Football games tonight, it’s all part of an ongoing NFL and ESPN deal that has changed how we enjoy football on Mondays. This week, fans will be treated to two matchups: the Jacksonville Jaguars vs. Buffalo Bills and the Washington Commanders vs. Cincinnati Bengals. Why Two Games on Monday Night? The NFL began scheduling more Monday night doubleheaders starting in 2021 as part of a deal with ESPN and ABC, both owned by Disney. This move brought more games to prime-time television on both networks. While doubleheaders were once reserved…
In a move that marks both a nod to the past and a step toward the future, Microsoft has signed a 20-year agreement to purchase power from the infamous Three Mile Island nuclear energy plant in Pennsylvania. The site, known for the worst nuclear accident in U.S. history, is being revitalized to help satisfy Microsoft’s increasing energy demands, particularly for its artificial intelligence (AI) data centers. The plan to reopen the plant by 2028, following improvements, now awaits regulatory approval. A Historic Site Powering the Future Microsoft’s decision to source energy from the Three Mile Island plant highlights the growing…
In a controversial decision, Georgia’s state election board voted on Friday to require the hand-counting of ballots cast on Election Day, a move expected to significantly delay the reporting of results in a critical battleground state. The 3-2 vote, backed by a pro-Trump majority on the board, has drawn strong opposition from both Democrats and some Republicans, who warn that the rule change could introduce chaos into the election process. The decision comes just weeks ahead of the November election and has sparked concerns about the ability to quickly and accurately count the votes. Hand-Counting Decision Sparks Concerns of Election…
Federal Reserve Chair Jerome Powell has introduced a new term to describe the current direction of U.S. monetary policy: “recalibration.” This new buzzword shapes how the Fed approaches economic stability at a crucial time as it navigates the balance between inflation control and preserving the labor market. Investors reacted swiftly, pushing asset prices higher, interpreting Powell’s message as a strategic move to protect the economy while avoiding a recession. The Recalibration Explained During a press conference following the Federal Open Market Committee (FOMC) meeting, Powell emphasized the importance of this policy recalibration. The central bank cut interest rates by half…