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Follow the big policy update, Chair Jerome Powell briefing here
Stocks drop after Fed update The Dow dropped more than 300 points at one point after the Fed’s update. With the Fed raising its inflation expectations and now seeing two rate hikes in 2023, investors decided to take risk off. The Dow was last down about 240 points. One bright spot was bank stocks with …
BREAKING NEWS: Train derails in Merrill
BY TINA L. SCOTT EDITOR Two locomotives and two rail cars hauling lumber derailed under the Center Avenue bridge in Merrill shortly before 1:30 a.m. this morning, directly north of the Agra Pavilion building on the River Bend Trail. The engines are on their sides while the rail cars remained upright. The train is part …
6 Inspiration Quotes On Small Business, Breaking Stereotypes And Resilience
Chef Tom Colicchio says entrepreneurs are “the lifeblood of our communities.” Lawyer-turned-influencer Meena Harris calls them “a glimpse of the future.” And Techstars’ CEO Maëlle Gavet believes they are “solving today’s challenges.” The Next 1000 Judges weigh in on Main Street’s engines. After one of the toughest years on record for the nation’s more than …
Biden begins long, tense meeting with Putin
GENEVA — President Joe Biden sits down for the first time since taking office with Russian President Vladimir Putin here on Wednesday in what’s expected to be an hours-long, contentious meeting — one where Biden has said he will lay out where U.S. red lines are, and the consequences for Russia if they’re crossed. Biden …
I needed a break from music
If you’ve read any of my other pieces for The Michigan Daily, you’re well aware that I practice Carnatic music, a form of classical Indian music, outside of school. Carnatic music has always been an integral part of my identity, and I’ve been fortunate enough to have been able to pursue it for the past …
Windows 11 Design Leaks Ahead of June 24 Launch, Shows New Start Menu, App Icons, More
Microsoft has confirmed that the “next-generation” of Windows will launch on June 24 via a virtual event. But ahead of the launch, a massive leak has revealed the interface of the upcoming OS that includes a redesigned Start menu and a lot more. Reports suggest that Microsoft will be releasing the next update as Windows …
Wales breaking news plus traffic, weather and travel updates (Wednesday, June 16)
Inflation soars past Bank of England target The UK’s rate of inflation leapt higher last month on the back of a surge in fuel prices and more expensive clothing. The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) hit 2.1% for May, ahead of the Bank of England’s 2% target. It represented …
Sony reportedly plans PSVR successor for next holiday season
Sony’s next-gen PlayStation VR headset is likely to come out in late 2022, according to a new report. Bloomberg’s sources say Sony is “aiming to release the successor in the holiday period next year,” and that the headset will use OLED panels from Samsung Display. A release in that timeframe wouldn’t be too surprising, since …
Burglar Takes Shower After Breaking into US Couple’s House, Owner Finds Him in Towel
In a bizarre incident, a man in California was nabbed by the cops after he broke into a house and took a shower in the homeowner’s bathroom. The accused, who has been charged with burglary came face-to-face with the owner of the house Steve Bauer who found the former wearing nothing but a towel. Bauer …
Nets vs. Bucks score: Kevin Durant posts historic 49-point triple-double, Brooklyn rallies for 3-2 series lead
The Brooklyn Nets appeared to be in serious trouble heading into Game 5, and even more so when they went down by as much as 17 points. But even with Kyrie Irving out and James Harden hobbled, they still had Kevin Durant, and he led them all the way back for a 114-108 win to …
