Investments and Business

Jackson Hole, Wyoming — As the financial community eagerly awaits Federal Reserve Chairman Jerome Powell’s speech on Friday, clarity is expected on the anticipated shift in interest rate policy following the Federal Open Market Committee’s landmark two-day meeting in Washington, DC, last July. Market sentiments and forecasts The consensus among market analysts is that the Federal Reserve is poised to begin cutting interest rates as early as September, with continued adjustments likely through the end of the year and into 2025. While the size and timing of these cuts remain points of debate, Powell’s next speech is expected to shed…

The Food and Drug Administration (FDA) on Thursday greenlit a new round of annual COVID-19 vaccines, clearing the way for Americans of all ages to receive updated protection against the current summer surge. Vaccine giants Pfizer and Moderna will begin distributing doses to health care workers within days. These vaccines target the dominant variant that emerged this spring, although newer, more closely related strains are now circulating. All of these variants appear to be more transmissible than previous ones. The new boosters offer a critical lifeline for vulnerable populations, especially older adults, who have borne the brunt of COVID-related deaths…

The late actor and sports personality Carl Weathers will be honored with a Sports Entertainment star at a ceremony on the Hollywood Walk of Fame. The event marks the placement of the 2,787th star and will feature host Sibley Scoles. Las Vegas Raiders owner Mark Davis, who sponsored Weathers' star, will be among the guest speakers. The Hollywood Chamber of Commerce, which manages the Hollywood Walk of Fame for the city of Los Angeles, continues its tradition of honoring notables in entertainment. Since its founding in 1960, this landmark has attracted millions of visitors from around the world. Tribute to…

Nippon Professional Baseball players are demanding greater autonomy and financial rewards, challenging the league’s long-standing control over their careers and earnings. In a move reminiscent of the MLBPA’s historic battles of the 1970s, the Japanese players are demanding early free agency and a share of their name, image and likeness rights. The JPBPA, the players' union, is preparing a lawsuit challenging the league's reserve system, which limits player movement and restricts their earning potential. The union argues that the system violates antitrust laws and unfairly benefits NPB clubs. The JPBPA is also advocating for players to retain control over their…

LOS ANGELES, Aug. 22, 2024 (GLOBE NEWSWIRE) — Following the rave reception of its Marilyn Monroe documentary, Big Screen Entertainment Group (OTC: BSEG) is pleased to announce the addition of four new films to its acclaimed “Hollywood Legends” series. These new documentaries will delve into the lives and careers of Brigitte Bardot, Audrey Hepburn, Cary Grant and John Wayne, further strengthening the brand’s celebration of classic cinema icons. As “Hollywood Legends: Marilyn Monroe” wraps up post-production, the Los Angeles-based company is ready to expand the scope of its project by chronicling these four renowned cinema figures. The expanded series will…

CHICAGO, UNITED STATES — During the climactic night of the Democratic National Convention in Chicago, former President Barack Obama joined former first lady Michelle Obama in a clarion call to action, endorsing Kamala Harris and issuing stark warnings about the challenges posed by Donald Trump. In a sharp departure from past rhetoric, Barack Obama emphasized a return to optimism. “America is ready to bounce back from the crisis,” he proclaimed, contrasting his hopeful tone with Trump’s 2016 convention speech that suggested a combative stance against adversaries. Barack Obama criticized Trump's worldview, suggesting it was distorted by his discomfort with the…

In Milford, Michigan, General Motors’ flagship brand GMC is positioning itself as a leader in the all-electric truck segment in the United States. That effort begins with the introduction of the Sierra electric pickup truck, which joins GMC’s growing lineup of electric vehicles, including several Hummer models. With the Sierra EV, the company expects it to not only complement its existing offerings but also become a best-seller within its electric lineup. That expectation is backed by plans to launch more affordable versions next year, starting with the high-end “Edition 1” model that has already begun customer deliveries priced around $100,000.…

Dr. Jeffrey Shuren, former head of the Food and Drug Administration’s (FDA) medical devices division, presided over a period of increased device approvals and public health concerns. Although Dr. Shuren is retired, his tenure raises questions about potential conflicts of interest due to his wife’s work as an attorney representing medical device companies. A decade of overlap For 15 years, Dr. Shuren has overseen the approval process for a wide range of medical devices. His wife, Allison Shuren, is a senior partner at Arnold & Porter, a high-powered Washington law firm that represents medical device makers. Dr. Shuren has signed…

Mike Greenberg has been confirmed as the new host of the popular game show “Sunday Football Countdown,” according to insiders and published Tuesday by The Athletic, in preparation for a major event set to air in 2027. Greenberg takes over for Sam Ponder, who was let go last week despite having more than $1 million and a year left on her contract. While Ponder will be paid out in full, her departure is in line with broader financial adjustments ahead of the fiscal year-end close in late September. The strategic move marks a promotion for Greenberg, a highly respected figure…

In the tranquil confines of the Morgan Library & Museum, a fascinating discovery took place in 2019. Associate Curator Robinson McClellan delved into Robert Owen Lehman’s collection of music manuscripts, revealing a treasure trove tied to the iconic Ballets Russes. Founded by Sergei Diaghilev in 1909 in Paris, the Ballets Russes are renowned for their sweeping influence on 20th-century performing arts. The collection, enriched by scores by luminaries such as Stravinsky, Debussy and Ravel, offers a rare glimpse into the creative processes behind the Ballets Russes' groundbreaking productions. These documents, heavily marked with notes and revisions, expose the dynamic evolution…