The Harry Potter Cast: How They've Changed Over The YearsUkraine's Ministry of Defense posted footage of a "tank duel" between Russian and Ukrainian tanks so close only a hedge of trees separated the two.Sen. Menendez, wife indicted on bribe charges as probe finds $100,000 in gold bars, prosecutors say
NEW YORK — U.S. Sen. Bob Menendez of New Jersey and his wife were indicted Friday on bribery charges after an investigation that turned up $100,000 in gold bars and $480,000 in hidden cash at their home, prosecutors said. Federal prosecutors announced the charges against the 69-year-old Democrat nearly six years after an earlier criminal case against him ended with a deadlocked jury. They said a search of Bob Menendez’s home turned up $100,000 in gold bars and $480,000 in hidden cash.
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Hedge fund manager Bill Ackman sees U.S. long-term rates risingHis comments came after the U.S. Federal Reserve held interest rates steady but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses. 'The long-term inflation rate is not going back to 2% no matter how many times Chairman Powell reiterates it as his target,' Ackman said in a post on social media platform X, formerly known as Twitter. With autoworkers on strike, Ackman pointed to inflationary pressure from potential increases in workers' wages.
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Why the Fed may not be worried about high oil prices yetThe Federal Reserve announced it will keep rates steady, with a possibility for another rate hike down the road. With gas prices rising, student loan repayments resuming, workers' strikes, and a potential government shutdown, there's a lot of uncertainties for investors to consider. Another one of them is what the Fed will do at their November meeting. Peter Tchir, Head of Macro Strategy for Academy Securities and Yung-Yu Ma, U.S. Chief Investment Officer of BMO Wealth Management, join Yahoo Finance to discuss their predictions for the Fed's next move and how markets are reacting to all the latest financial headwinds. When asked about the central bank's options going forward, Ma explains that the Fed will have to pay attention to these headwinds saying 'its definitely still data dependent whether or not the Fed raises rates again...cutting rates is far out prospect at this point.' Tchir says when it comes to higher oil prices, he thinks the Fed will be 'reluctant' to try to deal with them through monetary policy, adding that prices may have to be higher until January or February for the Fed to become concerned. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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