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The audiobook of Britney Spears‘ tell-all memoir The Woman in Me was read by actress Michelle Williams, but she wasn’t the only one who auditioned for the role, according to a new Saturday Night Live sketch. During the Timothée Chalamet-hosted episode on Nov. 11, SNL‘s Chloe Fineman reprised her…
#britneyspears #womaninme #michellewilliams #nightlive #timothéechalamet #chloefineman #finemansspears #icespice #punkiejohnson #b52sfredschneider
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Town in south-west evacuated as thousands of earthquakes are recorded close to country’s main airport
#southwest
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Investing.com — In the coming week U.S. inflation data will be closely watched, along with comments from several Federal Reserve officials, which will help investors shape their views on the future path of interest rates. Retailers are due to report earnings against a background of persistent…
#federalreserve #newyorkfed #chicagofed #austan #michaelbarr #jeromepowell #sanfranciscofed #marydaly #treasury #walmart
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Bank of Canada governor Tiff Macklem says the runway for a soft landing is narrowing, but he does not believe the country is headed for a severe recession, even if moderating economic growth dips into negative territory in the coming quarters. We apologize, but this video has failed to load. tap…
#bankofcanada #macklem #brookethackray #governingcouncil #israel #gaza #andrewdicapua #whybankofcanada #
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Taylor Swift has been cheering on Travis Kelce for weeks, but the roles were reversed when she brought her Eras Tour to Argentina on Saturday, November 11.
The Kansas City Chiefs tight end, 34, was seen cheering on the singer, 33, from the VIP tent while she performed at Estadio River Plate in Buenos Aires, according to several concertgoers on social media. Kelce appeared next to Taylor’s father, Scott Swift, who was wearing a Chiefs lanyard, and opening act Sabrina Carpenter later joined him in the tent. The couple had been spotted on a dinner date in the city the night prior.
While Kelce previously attended Swift’s Kansas City concert in July, this marks the first time that he has been in the crowd at one of her tour stops since the couple began dating.
Earlier this week, Kelce hinted that he would be traveling to see Swift on the South American leg of her tour. His brother, Jason Kelce, asked during the Wednesday, November 8, episode of their “New Heights” podcast whether there were any events Travis was “looking forward to going to” in the near future.
“No, not really. … I might just say ‘f—k it’ and just go somewhere nice, I don’t know,” Travis teased. “My skin’s getting real pale. I gotta go somewhere sunny.”
It seems as if (almost) all of Hollywood and the NFL are in need of Taylor Swift and Travis Kelce friendship bracelets. Ever since Kelce tried to meet Swift at one of her Eras Tour performances in July 2023 — he wanted to give her a friendship bracelet with his number on it, but she had […]
When Jason wanted to know whether Travis was heading “someplace south,” Travis replied, “Closer to the equator.”
Although Travis has played coy about his relationship with Swift in recent weeks, he was initially forthcoming about attempting to meet her when she played Arrowhead Stadium in July. He revealed at the time that he was unable to give her the friendship bracelet he made with his phone number on it, but he later invited her to attend one of his games in Kansas City in September, which she accepted.
Swift has supported Travis at four games, and his team has yet to lose with her in the stands. While she missed his most recent match against the Miami Dolphins on Sunday, November 5, in Germany, she was spotted spending time with the wives of several Chiefs players in New York City — including Brittany Mahomes, who is married to quarterback Patrick Mahomes — over the weekend.
Several of Taylor Swift’s famous friends and fans have shown up to shake it off at the singer’s much-anticipated The Eras Tour. The stars of Swift’s “Bejeweled” music video — Este Haim, Danielle Haim, Alana Haim and Laura Dern — were among thousands of fans in attendance at the tour’s opening night in Glendale, Arizona’s […]
“Travis and Taylor are a very real couple, they actually spend a lot of one-on-one time together and have developed a very real connection,” a source told Us Weekly this month. “They have very detailed plans coming up on how to stay together while she’s on tour and he has games.”
Travis was able to make the trip to Argentina because the Chiefs are on a bye week, giving him time off from practicing and playing. Their next game will be against the Philadelphia Eagles (his brother Jason’s team) on November 20.
Swift, meanwhile, will perform two more shows in Argentina on Friday, November 10, and Saturday, November 11. She will then travel to Brazil for six concerts, wrapping up her final tour date of the year on November 26. The Eras Tour will later resume in Tokyo in February 2024.
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Erin Crabtree
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Along a busy Atlanta residential road, a 68-year-old Vietnam War-era Army veteran has found what he calls a “match made in heaven.” Harold Tilson Jr. found himself homeless earlier this year but for the past few months has been living in transitional housing run by the nonprofit Veterans…
#atlanta #vietnamwarera #army #haroldtilsonjr #veo #tilson #jillalbanese #kathrynmonet #tonykimbrough #hernia
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Learn More The Marvels' Opening Weekend Box Office Is Set To Make MCU History In The Worst Way "The Marvels" is on track to have the lowest-grossing opening weekend for a Marvel Cinematic Universe film to date. Back in early 2019, audiences around the world headed to their local multiplexes to…
#marvels #marvelcinematic #brielarson #mcu #captainmarvel #larson #disney #edwardnorton #incrediblehulk #kevinfeige
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Wegovy found to have ‘quite profound’ effect on reducing risk of heart attacks, says pharma group
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Blueface was roasted online for proudly showing off his new fiancée Jaidyn Alexis‘ home cooking … which had culinary critics mocking the millionaire for eating like he was “living paycheck to paycheck.”
Digging into homemade pasta topped with cheese singles and a basic side shredded salad, the rapper likely didn’t expect to be dragged by online foodies … who schooled him on shredded cheese and real, non-plastic plates for a more indulgent dining experience.
The salad wasn’t let off the hook either, as one person likened it to old pencil shavings — while others simply encouraged Blueface to “throw away the whole stove and whatever else she used to make this concoction.” Ouch.
In one statement that hit a little close to home … someone wrote, “I see why he cheats,” in reference to his turbulent relationship with ex-Chrisean Rock.
Elsewhere, the home cooking was branded as “prison food,” … which Blueface may get all too familiar with if he breaks the terms of his 3-year probation for a Vegas shooting.
As of now, it looks like Blueface is happy at home with Jaidyn … who has clearly been taking real whisks in the kitchen.
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TMZ Staff
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XRP is charting a course for recovery as it sets its sights on the $1 milestone. The journey of XRP on the market has been a roller coaster of sorts, with its price movement reflecting both investor sentiment and market trends. Currently, XRP's volume and market capitalization are swelling,…
#xrp #ethereum #solana #nft #rsi #blackrock #larryfink #etf
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The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed. While the move does not automatically mean it will downgrade America’s creditworthiness, it increases…
#treasury #wallyadeyemo #standard #fitchratings #kevinmccarthy #karinejeanpierre #congressional #ustreasury
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Jack Bogle
Mark Lennihan | AP
Boring investing is making a comeback.
With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard’s founder, Jack Bogle. The father of market indexes preached low-cost, passive investments that compound over years. Fans call themselves “Bogleheads,” and the strategy “lazy” investing.
They’re well positioned for the current market. Timing has proved difficult this year, with eight days accounting for all of the S&P 500’s gains, according to DataTrek. Higher rates have slammed tech and growth stocks, which dominated retail traders’ portfolios during the pandemic. GameStop, the original meme trade, is down roughly 85% from its all-time high.
Dan Griffin, a self-proclaimed Boglehead based in Florida, said he watched the meme stock rally in amusement. The current market condition is proof that his “tortoise” investing approach is the right one to building long-term wealth, he said.
“It’s a little bit of vindication,” Griffin told CNBC. “I’m happy to be the boring investor, I’m happy to be the tortoise. While the hare does win sometimes, the tortoise more often than not, is going come out ahead.”
Christine Benz, a director of personal finance and retirement planning for Morningstar, said investors are gravitating towards higher yields right now to capture value — another core principle of the Bogleheads.
“Bogleheads are investing for the very long haul — the idea is that you’re putting money into your account and just adding to it, maybe not touching it or looking at it for another 30 years,” she said. “The meme stock phenomenon seemed so focused on being incredibly plugged into your portfolio and monitoring your investments — I see the Bogleheads’ philosophy as being antithetical to all of that.”
Brokerage firm Robinhood, once synonymous with day trading, is seeing a similar pivot to higher yields and longer-term thinking.
The company launched retirement accounts this year, and offers 3% back on cash as it tries to diversify away from slumping trading fees. Robinhood’s co-founder and CEO Vlad Tenev told CNBC that investors have been moving into cash, money market funds and bond ETFs. He noted more chatter in Bogleheads’ Reddit group, versus the infamous Wall Street Bets.
“One of the really interesting things that we’ve seen over the past couple of months is Robinhood being mentioned, and discussed in these traditional passive investing forums, like Bogleheads on Reddit,” Tenev said. “People are building long-term portfolios on Robinhood, taking advantage of the better economics and the tools to do that.”
Bond ETFs are one way retail investors have tried to capture rising interest rates. The SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) was the third most-bought name last week after the Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF (SPY), according to Vanda Research. It saw the largest single-day of net inflows to the ETF since the firm began measuring it almost a decade ago.
“Clearly, income-seeking retail investors are taking advantage of the new high-rate regime, which had been missing from the investment landscape since the pre-GFC [Great Financial Crisis] years,” Marco Iachini, senior vice president of Vanda Research, said in a note to clients. “Some are calling it ‘T-Bill and chill.’”
Younger investors are even more exposed to fixed income compared to their older counterparts. In its annual study, Schwab Asset Management shows millennial ETF investors have 45% of their portfolios in fixed income — compared to 37% for Generation X. The survey showed 51% of millennials plan to invest in bond ETFs next year, compared to 40% of baby boomers.
While far from a meme stock, the move to fixed income could still be risky.
The iShares 20+ Year Treasury Bond ETF (TLT), has seen $19.8 billion in assets flood in this year, according to BlackRock. If yields go up, funds like TLT will suffer — since bond yields move inversely to prices. That’s been the case this year, with TLT down about 50% from its record high. On the other hand, if yields fall, bond funds should outperform.
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Binance has announced the launch of a new “self-custody” Web3 wallet aimed at simplifying the user experience and protecting user funds when using decentralized apps. The wallet features multi-party computation (MPC) tech, which Binance alleges allows users to manage the wallet without memorizing…
#binance #mpc #binancesweb3wallet #binancehead #richardteng #binancesweb3 #trust #trustwallet
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TOKYO — The Japanese government is considering enhancing export controls targeting technologies that could be used for military purposes, Nikkei has learned, responding to a recent report that advanced Japanese machine tool technology is being used for China's nuclear weapons program. "We plan to…
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The slim, somewhat redesigned version of Sony’s PlayStation 5 console is here. Just like before, there’s a disc-based version that costs $499.99, but the digital-only model will cost $449.99, which is $50 more than before. The digital-only model costs more than before because users have the…
#sony #playstation5 #kbluray #callofduty #bestbuy #target #marvelsspiderman2
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Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of inflation but are unsure whether they’ve done enough to keep the momentum going.
Speaking a little more than a week after the central bank voted to hold benchmark policy rates steady, Powell said in remarks for an International Monetary Fund audience in Washington, D.C., that more work could be ahead in the battle against high prices.
“The Federal Open Market Committee is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2 percent over time; we are not confident that we have achieved such a stance,” he said in his prepared speech.
For the second time in recent weeks, a public address from Powell was interrupted by climate protesters. He briefly left the stage before resuming.
The speech comes with inflation still well above the Fed’s long-standing goal but also considerably below its peak levels in the first half of 2022. In a series of 11 rate hikes that constituted the most aggressive policy tightening since the early 1980s, the committee took its benchmark rate from near zero to a target range of 5.25%-5.5%.
Those increases have coincided with the Fed’s preferred inflation gauge, the core personal consumption expenditures price index, to fall to an annual rate of 3.7%, from 5.3% in February 2022. The more widely followed consumer price index peaked above 9% in June of last year.
Powell said that inflation is “well above” where the Fed would like to see it while describing policy as “significantly restrictive.”
“My colleagues and I are gratified by this progress but expect that the process of getting inflation sustainably down to 2 percent has a long way to go,” he said. “We will keep at this until we succeed,” he later added, saying the Fed is focused on whether rates need to go higher and how long they need to stay elevated.
Stocks headed lower after the speech, with the Dow Jones Industrial Average down close to 200 points. Treasury yields lurched higher after declining for most of the past three weeks, propelled up in large part after a poorly received 30-year bond auction.
“Chairman Powell issued a warning to investors too giddy on the prospect of rate cuts next year,” said Jeffrey Roach, chief economist at LPL Financial. “The Fed will be true to its mandate and hike further should inflation reaccelerate.”
As he has in recent speeches, Powell stressed that the Fed nevertheless can be cautious as the risks between doing too much and too little have come into closer balance. He said the Fed is attuned to the rise in Treasury yields.
“If it becomes appropriate to tighten policy further, we will not hesitate to do so,” he said. “We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data, and the risk of overtightening.”
“Monetary policy is generally working the way we think it should work” Powell said during a discussion following his speech.
Markets are largely convinced the Fed is through hiking rates.
Futures pricing, according to the CME Group, indicates less than a 10% probability that the FOMC will approve a final rate hike at its Dec. 12-13 meeting, even though committee members in September penciled in an additional quarter percentage point rise before the end of the year.
Traders anticipate the Fed will start cutting next year, probably around June.
Powell noted the progress the economy has made. Gross domestic product accelerated at a “quite strong” 4.9% annualized pace in the third quarter, though Powell said the expectation is for growth to “moderate in coming quarters.” He described the economy as “just remarkable” in 2023 in the face of a broad consensus that a recession was inevitable.
Unemployment remains low, though the jobless rate has risen half a percentage point this year, a move commonly associated with recessions.
But Powell noted that the Fed is “attentive” that stronger-than-expected growth could undermine the fight against inflation and “warrant a response from monetary policy.”
He also pointed out that improvements in supply chains have helped ease inflation pressures, but “it is not clear how much more will be achieved by additional supply-side improvements. Going forward, it may be that a greater share of the progress in reducing inflation will have to come from tight monetary policy restraining the growth of aggregate demand.”
The remarks are part of a broader presentation he is giving to the Jacques Polak Annual Research Conference. One broad policy topic he addressed was the challenge posed by keeping rates anchored near zero, where they were before the inflation surge. Powell said it is “too soon” to say whether zero-rate challenges are “a thing of the past.”
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Ethereum has witnessed a notable price movement, breaching the $2,000 threshold. The significant market activity coincides with Ethereum cofounder Vitalik Buterin's recent transfer of 50 ETH, valued at approximately $106,000, to Coinbase Custody. It is important to note that such a transfer does…
#ethereum #vitalikbuterin #eth #coinbasecustody #coinbase #blackrock
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Russia has added at least Rbs3.4tn ($37bn) to its budget for this year, the war between Israel and Hamas is starting to bite into Israel's economy, and Spain’s ruling Socialist party has sealed a contentious amnesty deal with Catalan separatists. Plus, Paris is rushing to make the river Seine…
#israel #hamas #spain #socialistparty #catalan #seine #olympic #israeli #pedrosánchez #olympics
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