Top Goldman economist downplays prospect of zero Fed rate cuts in 2024

Top Goldman economist downplays prospect of zero Fed rate cuts in 2024

Minneapolis Federal Reserve President Neel Kashkari. John Lamparski | Getty Images Entertainment | Getty Images Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal Reserve to implement three interest rate cuts, adding that he would be “very surprised” if the U.S. central bank ultimately decided no trims at all … Read more

Why tipping is different here

Why tipping is different here

In July 2020, my husband and I left Los Angeles with our two small kids, to visit his family in a small town in the Danish countryside. We didn’t realize the trip would result in a permanent move and a new adventure. When a 1700’s farmhouse came on the market, we took a chance and … Read more

El-Erian says the Fed has turned into a play-by-play commentator

El-Erian says the Fed has turned into a play-by-play commentator

Mohamed Aly El-Erian, chief economic advisor for Allianz SE.  Bloomberg | Getty Images The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic adviser at Allianz, said Friday. The economist told CNBC that a longer-term, more strategic outlook could see policymakers settle on a … Read more

Taiwan earthquake: 1 Canadian remains missing, top diplomat says – National

Taiwan earthquake: 1 Canadian remains missing, top diplomat says – National

Descrease article font size Increase article font size Taiwan’s top diplomat in Ottawa says a Canadian is missing after the powerful earthquake that hit the island this week, while two tourists from Canada have been “successfully rescued” from a national park. Taiwan’s representative to Canada, Harry Tseng, says he has no details about the missing person … Read more

Heist steals $30M from L.A. money facility

Heist steals M from L.A. money facility

LOS ANGELES – Thieves got away with US$30 million in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on record in Los Angeles. Police Cmdr. … Read more

Denmark Missile Develops Technical Error, Major Shipping Strait Closed

Denmark Missile Develops Technical Error, Major Shipping Strait Closed

Danish frigate is docked at Naval Station Korsor. A Danish missile could launch any minute due to a technical error, the country’s navy said on Thursday. This forced authorities in Denmark to close an area of airspace and warn ships of potential accidental strike, according to a CNN report. Denmark’s armed forces said the technical … Read more

Sex, drugs and a perverse universe: the ‘sordid’ defamation trial gripping Australia | Australian media

Sex, drugs and a perverse universe: the ‘sordid’ defamation trial gripping Australia | Australian media

Allegations of more than $10,000 for cocaine, fine dining, rounds of golf, massages and sex workers in exchange for a television interview. The leaking of an alleged rape victim’s private text messages to national media. Internecine feuds within Australia’s blokey TV media. The defamation trial brought by former Australian political staffer Bruce Lehrmann, in all … Read more