Some Wall Street forecasters think the Fed could deliver its last rate cut for a while this week. A resilient economy and a reversal of the disinflation trend suggest rate more cuts aren’t needed for now. Some predict a pause at coming meetings, with the potential for hikes to even resume in 2025. The outlook…
RICHMOND, Va. (WWBT) -Richmond Public Schools now has a plan to enforce its new cell phone policy in the new year. The division will take a tiered approach, starting with a verbal warning and then escalating. The “Acceptable Technology and Cell Phone Use Policy” was shared at the Richmond School Board meeting on Monday, Dec….
RICHMOND, Va. (WWBT)—Every Virginia school division aims to achieve cell-phone-free learning by 2025. “They’re there to study, they’re there to pay attention to their teachers and behave in class, and I think that having cellphones works totally against that,” said Jeffery Cartwright, a grandparent of two Richmond Public Schools (RPS) students. Richmond Public Schools reviewing…
By Rae Wee SINGAPORE (Reuters) – The dollar held near an 11-week high on Thursday as uncertainty over the upcoming U.S. election looms and as resilience in the U.S. economy added to bets the Federal Reserve will be less aggressive in easing rates versus its peers elsewhere. The highlight of the Asia day will be…
China’s Ministry of Finance held a press conference on Saturday morning. Officials spoke about defusing local debt risks and stabilising the property market, adding the central government “has room” for further action and higher deficits. A specific figure for fiscal stimulus was not revealed. The conference followed announcements of broad plans from other state bodies,…
SARASOTA, Fla. (WWSB) – Hurricane Milton made landfall near Siesta Key at 8:30pm as a category three hurricane with sustained winds of 120mph. WWSB ABC7 News at 7pm A sustained wind of 40mph and a gust of 73mph was recently reported at the Sarasota-Bradenton International Airport. Sustained winds of 78mph and a wind gust of…
The explosive Chinese stock rally over the last month finally lost steam today after a press conference by Chinese officials failed to sustain investor exuberance over previously announced stimulus measures. Shares of the electric carmaker Li Auto (NASDAQ: LI) traded nearly 7.5% lower as of midday, while shares of the search giant and artificial intelligence…
RICHMOND, Va. (WWBT)—Safe Kids Worldwide released a new report coinciding with National Child Passenger Safety Week that shows most parents do not know when to remove their children from booster seats. According to the report, Booster Seat Use in the USA: Breakthroughs and Barriers, “four out of five parents moved their child out of a…
For Rhode Island, the advent of a rate cut comes at a time when the unemployment rate has gone up while the labor market is seeing fewer jobs available for workers. Meanwhile, the housing market has registered record prices for homes amid elevated mortgage rates and limited supply of homes in the market. Get Rhode…
RICHMOND, Va. (WWBT) – Parents and school divisions are now planning for their students not to have their phones on them throughout the school day. Some are now voicing their concerns about the state’s new cell phone-free policy. “My initial reaction was, what does this policy entail? And what’s going to be inclusive for the…