The Fed Will Cut Interest Rates At Least Twice in 2025, According to Wall Street. Here's What It Means for Stocks The soaring inflation from the pandemic is now in the rearview mirror, so the Federal Reserve is reversing its interest rate hikes from 2022 and 2023. Lower rates could boost consumer spending, which ... 12/6/2024 - 8:27 pm | View Link
Why Powell and the Fed should pause interest-rate cuts in December The conventional wisdom among economists and traders is that the Federal Reserve is going to cut its benchmark interest rate by another quarter of a percentage point on Dec. 18, and then pause at its ... 12/6/2024 - 6:57 am | View Link
Cleveland Fed's Hammack favors slower pace of rate cuts than she did in September Cleveland Fed President Beth Hammack favors taking a slow pace in adjusting the Federal Reserve's policy rate, she said Friday at the City Club of Cleveland, according to prepared text. The strength ... 12/6/2024 - 4:00 am | View Link
Hammack Says Fed ‘At or Near’ Point of Slowing Rate Cuts Federal Reserve Bank of Cleveland President Beth Hammack said policymakers are “at or near” the point where the central bank should slow the pace of interest-rate reductions, citing a strong economy ... 12/6/2024 - 4:00 am | View Link
Fed's Hammack says time to slow rate cuts may have arrived In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as ... 12/6/2024 - 3:04 am | View Link
Apple is facing a lawsuit for reportedly failing to limit child sexual abuse material on its iCloud platform. According to The New York Times, the plaintiffs, who are alleged victims of abuse, are seeking more than $1.2 billion in damages, claiming that Apple abandoned a 2021 detection system intended to identify harmful content.
Filed on Saturday, the lawsuit was brought by a 27-year-old woman who argues that Apple’s inaction allowed images of her abuse to be widely distributed.
Independent games storefront itch.io’s website is down due to a “bogus phishing report” sent to its domain registrar, according to a post on X.
“I kid you not, @itchio has been taken down by @OriginalFunko because they use some trash “AI Powered” Brand Protection Software called @BrandShieldltd that created some bogus Phishing report to our registrar, @iwantmyname, who ignored our response and just disabled the domain” reads the post on X, posted late Sunday night.
I kid you not, @itchio has been taken down by @OriginalFunko because they use some trash "AI Powered" Brand Protection Software called @BrandShieldltd that created some bogus Phishing report to our registrar, @iwantmyname, who ignored our response and just disabled the domain
— itch.io (@itchio) December 9, 2024
The person behind itch.io’s X account went on to add “Also, for transparency, we *did* take the disputed page down as soon as we got the notice because it’s not worth fighting stuff like that.