Powell reinforces position that the Fed is not ready to start cutting interest rates

Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and Thursday, Powell said policymakers remain attentive to the risks that inflation poses and don’t want to … Read more

Cash-strapped Egypt allows its currency to fall sharply against dollar, hikes interest rates

CAIRO — The Egyptian pound slipped sharply against the dollar on Wednesday after the Central Bank of Egypt raised its main interest rate and said it would allow the currency’s exchange rate to be set by market forces. The measures were meant to combat inflationary waves and attract foreign investment as the country experiences a … Read more

Part Two’ box office opening sparks interest in ‘Part Three’

Sandworms emerge on the desert planet Arrakis in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment After a two-month drought, “Dune: Part Two” has delivered a much-welcomed deluge of ticket sales to the domestic box office — and its success could bring a third franchise film to cinemas. The Warner Bros. and Legendary … Read more

Fed’s Waller wants more evidence inflation is cooling before cutting interest rates

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he is willing to support interest rate cuts. … Read more

Turkey holds interest rate at 45% for first time after 8 months of hikes

Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive months of hikes. The move was widely expected as the bank indicated … Read more

Lara Trump says RNC needs to raise $500 million, sees interest in paying Trump legal fees

By Nathan Layne NORTH CHARLESTON, South Carolina (Reuters) -Lara Trump, who Donald Trump has endorsed to be the new co-chair of the Republican National Committee, said on Wednesday that the organization needed to raise $500 million for the 2024 general election and did not rule out using raised funds to pay her father-in-law’s mounting legal … Read more

Sean Evans’ Breakup Sparks Increased Interest In His Ex

When Sean Evans abruptly ended things with his ex-girlfriend, Melissa Stratton, he couldn’t have imagined their breakup would become an unexpected blessing for the adult film star. New reports claim the “Hot Ones” host’s popularity seemed to have rubbed off on his former beau following their short-lived romance. Searches for the adult film star’s content … Read more

Justin Hartley Talks His Wife Being Love Interest on ‘Tracker’ and Doing Him ‘Dirty’ (Exclusive)

Justin Hartley is particularly fond of his latest co-star — his real-life wife! ET’s Kevin Frazier and Nischelle Turner spoke to the 47-year-old actor in Las Vegas on Friday, and he teased Sofia Pernas’ involvement in his new series, Tracker. Hartley, who stars as Colter, a survivalist who helps track people down, said that Pernas plays a woman … Read more

The Zone of Interest Video Unveils Behind-the-Scenes Look at A24 Drama

A24 has dropped a brand new The Zone of Interest video for Jonathan Glazer’s acclaimed World War II drama, which recently earned five Oscar nominations, including Best Picture. The behind-the-scenes featurette show Glazer discussing the film’s premise about a man who’s living an idyllic life with his family in their dream house, which is next … Read more