22 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ****** ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#Retirement #schmidt #Social #holy
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ****** ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#Retirement #schmidt #Social #holy
1 month ago
Kansas City Federal Reserve president Jeff Schmid said Friday that he supported the central bank's decision to raise interest rates this week and suggested that more rate hikes could be warranted, a view that was echoed by the rest of the central bank and Fed Chairman Kevin Warsh.
"The Fed has work to do on inflation, and this week's action was a step in that direction," Schmid said in a speech in Vail, Colo.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
The Federal Open Market Committee voted on Wednesday in a unanimous decision to raise its benchmark interest rate to the range of 3.75% to 4% from 3.5% to 3.75%, the first rate hike since July 2023
Schmid noted that inflation has run above the central bank's 2% target for over five years, and the most recent price readings suggest a pace trending above 3%. Inflation has jumped this year as oil and overall energy prices have leapt higher amid the conflict with Iran. Even when stripping out energy and food prices, so-called "core" inflation has also been sticky.
#interest
"The Fed has work to do on inflation, and this week's action was a step in that direction," Schmid said in a speech in Vail, Colo.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
The Federal Open Market Committee voted on Wednesday in a unanimous decision to raise its benchmark interest rate to the range of 3.75% to 4% from 3.5% to 3.75%, the first rate hike since July 2023
Schmid noted that inflation has run above the central bank's 2% target for over five years, and the most recent price readings suggest a pace trending above 3%. Inflation has jumped this year as oil and overall energy prices have leapt higher amid the conflict with Iran. Even when stripping out energy and food prices, so-called "core" inflation has also been sticky.
#interest
1 month ago
Data center developer Crusoe said Thursday it raised $3.9 billion in a Series F round that pushes its valuation to $30.9 billion. The massive round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners. Founders Fund, GIC, Nvidia, Qatar Investment Authority (QIA), Radical Ventures, and TPG also participated, according to Crusoe.
Crusoe also announced three new board members, including Cloudflare CFO Thomas Seifert; Bill Stein, partner and CIO at Primary Digital Infrastructure; and Redwood Materials founder and CEO JB Straubel, who also sits on Tesla's board. Straubel already has ties to Crusoe; he personally invested in the company in 2021, and Crusoe later became the first customer of Redwood's energy storage business.
The eight-year-old company's fresh capital infusion will help finance existing data center projects, including a large site in Abilene, Texas, used by OpenAI, as well as smaller, modular AI factories that can be transported by truck and connected to large power sources almost anywhere.
By manufacturing these modular data centers, called Spark, at its own facilities, Crusoe can deploy compute capacity quickly and without the need for large construction workforces. The smaller centers could also help Crusoe sidestep, at least in part, another major obstacle facing data center developers: backlash from local communities protesting massive complexes near their neighborhoods.
Crusoe co-founder and CEO Chase Lochmiller, who is pictured above, said in a statement he believes AI will usher in an era of abundance, but to get there will mean "controlling the infrastructure from electrons to tokens, and we're grateful to have investors who share that conviction."
#straubel #round
Crusoe also announced three new board members, including Cloudflare CFO Thomas Seifert; Bill Stein, partner and CIO at Primary Digital Infrastructure; and Redwood Materials founder and CEO JB Straubel, who also sits on Tesla's board. Straubel already has ties to Crusoe; he personally invested in the company in 2021, and Crusoe later became the first customer of Redwood's energy storage business.
The eight-year-old company's fresh capital infusion will help finance existing data center projects, including a large site in Abilene, Texas, used by OpenAI, as well as smaller, modular AI factories that can be transported by truck and connected to large power sources almost anywhere.
By manufacturing these modular data centers, called Spark, at its own facilities, Crusoe can deploy compute capacity quickly and without the need for large construction workforces. The smaller centers could also help Crusoe sidestep, at least in part, another major obstacle facing data center developers: backlash from local communities protesting massive complexes near their neighborhoods.
Crusoe co-founder and CEO Chase Lochmiller, who is pictured above, said in a statement he believes AI will usher in an era of abundance, but to get there will mean "controlling the infrastructure from electrons to tokens, and we're grateful to have investors who share that conviction."
#straubel #round
1 month ago
US-based accounting, tax and advisory practice PKF O'Connor Davies has appointed Mark Goldschmitt as a partner within its commercial tax practice, based at its office in Hauppauge, New York.
Goldschmitt brings close to 30 years of public accounting experience.
His work focuses on tax planning, regulatory compliance and business advisory services for corporate entities, partnerships, privately held enterprises and high-net-worth individuals.
His sector experience spans architecture, legal services, digital media, staffing and recruitment.
The appointment forms part of the company's plans to develop its commercial tax service capabilities across the New York metropolitan region.
#experience #o 'connor
Goldschmitt brings close to 30 years of public accounting experience.
His work focuses on tax planning, regulatory compliance and business advisory services for corporate entities, partnerships, privately held enterprises and high-net-worth individuals.
His sector experience spans architecture, legal services, digital media, staffing and recruitment.
The appointment forms part of the company's plans to develop its commercial tax service capabilities across the New York metropolitan region.
#experience #o 'connor
2 months ago
Marion Harding and Highland kicked off the Mid Ohio Athletic Conference season with another instant classic.
Last year Highland survived a late rally by Marion Harding to win in overtime. This season it was the Presidents' turn to win a wild and close one in Week 4 action on Sept. 11.
Marion Harding's Jaden Jordan hauled in an 11-yard touchdown pass from Dez Feliciano with 12 seconds left to give the Prexies a 26-22 victory over the Scots.
The Presidents led 19-8 with eight seconds left in the third quarter, but Highland's Robby Schmidt engineered scoring drives capped by his runs of 15 and 20 yards to take a 22-19 lead with 5:35 to go.
Harding (3-1, 1-0) finished with 15 first downs and 365 total yards, while the Scots (1-3, 0-1) ended with 15 first downs and 307 yards.
#presidents
Last year Highland survived a late rally by Marion Harding to win in overtime. This season it was the Presidents' turn to win a wild and close one in Week 4 action on Sept. 11.
Marion Harding's Jaden Jordan hauled in an 11-yard touchdown pass from Dez Feliciano with 12 seconds left to give the Prexies a 26-22 victory over the Scots.
The Presidents led 19-8 with eight seconds left in the third quarter, but Highland's Robby Schmidt engineered scoring drives capped by his runs of 15 and 20 yards to take a 22-19 lead with 5:35 to go.
Harding (3-1, 1-0) finished with 15 first downs and 365 total yards, while the Scots (1-3, 0-1) ended with 15 first downs and 307 yards.
#presidents
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ******* ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#security
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ******* ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#security
2 months ago
Sep. 7—GRAND FORKS — Eric Schmidt's coaching background is deep in evening kickoffs.
He was an ******* istant during UND's era in the western-based Big Sky Conference. He has coaching stops at Fresno State, Washington and San Diego State.
Now, as head coach of the Fighting Hawks, Schmidt says he doesn't plan to overthink a 9 p.m. central kickoff time at Portland State on Saturday.
UND, 2-0 with a pair of blowout wins in Grand Forks, takes to the road for the first time this season. The Hawks will travel late Friday afternoon with a new No. 6 ranking in Monday's release of the Stats Perform FCS Top 25.
"I think you don't make too big of a deal about it," Schmidt said. "I can remember teams when we were on the West Coast, making a huge deal about it. How they're going to change their sleeping patterns, how they're going to travel, all that kind of stuff. Honestly, it's probably harder coming back. The next week is where really you feel it a lot of times.
#time
He was an ******* istant during UND's era in the western-based Big Sky Conference. He has coaching stops at Fresno State, Washington and San Diego State.
Now, as head coach of the Fighting Hawks, Schmidt says he doesn't plan to overthink a 9 p.m. central kickoff time at Portland State on Saturday.
UND, 2-0 with a pair of blowout wins in Grand Forks, takes to the road for the first time this season. The Hawks will travel late Friday afternoon with a new No. 6 ranking in Monday's release of the Stats Perform FCS Top 25.
"I think you don't make too big of a deal about it," Schmidt said. "I can remember teams when we were on the West Coast, making a huge deal about it. How they're going to change their sleeping patterns, how they're going to travel, all that kind of stuff. Honestly, it's probably harder coming back. The next week is where really you feel it a lot of times.
#time
2 months ago
1. FC Heidenheim secured their third victory of the 2026/27 2. Bundesliga campaign with a hard-fought 1-0 win away to Greuther Fürth on Sunday.
Budu Zivzivadze's first-half header was enough to separate the two sides, with Frank Schmidt's side showing impressive defensive resilience to preserve their lead despite Fürth controlling large periods of the contest.
The result sees Heidenheim move into the top three after four matches, while Fürth suffer their second defeat of the season.
The hosts started brightly and almost opened the scoring inside the opening 10 minutes.
Felix Klaus found ***** e inside the Heidenheim penalty area before getting a shot away, but his effort was unable to beat goalkeeper Thomas Dähne.
#away #bundesliga #sunday #budu
Budu Zivzivadze's first-half header was enough to separate the two sides, with Frank Schmidt's side showing impressive defensive resilience to preserve their lead despite Fürth controlling large periods of the contest.
The result sees Heidenheim move into the top three after four matches, while Fürth suffer their second defeat of the season.
The hosts started brightly and almost opened the scoring inside the opening 10 minutes.
Felix Klaus found ***** e inside the Heidenheim penalty area before getting a shot away, but his effort was unable to beat goalkeeper Thomas Dähne.
#away #bundesliga #sunday #budu
2 months ago
Ethan Pecko entered his fifth inning Saturday unscored upon but with a reliever warming behind him in the Houston Astros' bullpen. Three batters later, his outing ended. Tim Tawa cued an infield hit into an open right side. Pecko pounced on a Ryan Waldschmidt tapper before Lars Nootbaar lined a clean single.
Nootbaar occupied the leadoff spot in the Diamondbacks' lineup and was facing Pecko for a third time in the game. His single put the potential tying run on base, brought manager Joe Espada out to remove his starter and reinforced an issue within Houston's rotation with 19 games left in a postseason race.
Two of five starters the Astros are deploying - Cristian Javier and Pecko, the right-handed prospect - are under tighter reins, with Houston hesitant to have them face opposing lineups a third time. Javier hasn't faced more than 19 batters in any of his past four outings, one of which he pitched in bulk relief.
Having three starters who will work deeper - Hunter Brown, Peter Lambert and Hayden Wesneski - can mitigate that usage somewhat. But it puts added pressure on those starters to cover innings and protect the bullpen, and on the bullpen to shoulder a significant workload at least two out of five (or six) days.
How sustainable that is down the stretch, for a club with a three-game division lead and 19 games left in the regular season, is a question. The bullpen has been arguably the Astros' biggest strength, yet it's also at less than full capacity, even with expanded rosters offering an extra spot on the pitching staff.
#starters #javier #right
Nootbaar occupied the leadoff spot in the Diamondbacks' lineup and was facing Pecko for a third time in the game. His single put the potential tying run on base, brought manager Joe Espada out to remove his starter and reinforced an issue within Houston's rotation with 19 games left in a postseason race.
Two of five starters the Astros are deploying - Cristian Javier and Pecko, the right-handed prospect - are under tighter reins, with Houston hesitant to have them face opposing lineups a third time. Javier hasn't faced more than 19 batters in any of his past four outings, one of which he pitched in bulk relief.
Having three starters who will work deeper - Hunter Brown, Peter Lambert and Hayden Wesneski - can mitigate that usage somewhat. But it puts added pressure on those starters to cover innings and protect the bullpen, and on the bullpen to shoulder a significant workload at least two out of five (or six) days.
How sustainable that is down the stretch, for a club with a three-game division lead and 19 games left in the regular season, is a question. The bullpen has been arguably the Astros' biggest strength, yet it's also at less than full capacity, even with expanded rosters offering an extra spot on the pitching staff.
#starters #javier #right
2 months ago
Simo Valakari is "a happy man" after adding midfielders Josh Campbell and Joel Cotterill to his St Johnstone squad this week.
German forward Danny Schmidt has also been recruited and has obtained a work permit in time for Sunday's Scottish Premiership visit of Hibernian (15:00).
However, as Hibs are loan player Campbell's parent club, he will not feature at McDiarmid Park this weekend.
"I'm a happy man," Valakari told Saints TV.
"I was very happy to be able to get those two players. I was very happy with the squad and players we added. Joel and Josh were on our radar at the start of the window. Things don't always happen as fast as you wish but we were not in a rush.
#players #simo
German forward Danny Schmidt has also been recruited and has obtained a work permit in time for Sunday's Scottish Premiership visit of Hibernian (15:00).
However, as Hibs are loan player Campbell's parent club, he will not feature at McDiarmid Park this weekend.
"I'm a happy man," Valakari told Saints TV.
"I was very happy to be able to get those two players. I was very happy with the squad and players we added. Joel and Josh were on our radar at the start of the window. Things don't always happen as fast as you wish but we were not in a rush.
#players #simo
2 months ago
Wendy Schmidt and Kos Evans
I love to sail. And, yes, I've been known to "rock." I've even meet a few rockstars over the years. (Just please don't tell my 14-year-old son I said so. He already thinks I'm pretty cringe.) I've met a few royals and attended some very cool art exhibitions over the years too.
But I've never been to a modern art exhibition that combines rockstars, yachts and all sorts of royalty quite like the event was held to benefit Nantucket Community Sailing at the oh-so-authentic Thomas Macy Warehouse on the island. And lots of well-connected people who love the ocean, yachts, and art were there to see Kos Evans's expanded Rock and Royals modern art collection. It features one-of-a-kind images of legendary rockstars and all sorts of royalty who sail, on rare, one-of-a-kind sailcloth from yachts owned by the likes of Pete Townshend, the Prince of Monaco, and American royalty such as JFK too.
Rock and Royals on display
According to KOS, Rock & Royals is more than an exhibition. "It's a celebration that pays homage to the legends who owned these sails and to the sea itself," she says. By transforming these authentic pieces of history into art, Kos creates a unique dialogue between history, celebrity, royalty, and contemporary artistic expression.
#rock #Royals #royalty #yachts
I love to sail. And, yes, I've been known to "rock." I've even meet a few rockstars over the years. (Just please don't tell my 14-year-old son I said so. He already thinks I'm pretty cringe.) I've met a few royals and attended some very cool art exhibitions over the years too.
But I've never been to a modern art exhibition that combines rockstars, yachts and all sorts of royalty quite like the event was held to benefit Nantucket Community Sailing at the oh-so-authentic Thomas Macy Warehouse on the island. And lots of well-connected people who love the ocean, yachts, and art were there to see Kos Evans's expanded Rock and Royals modern art collection. It features one-of-a-kind images of legendary rockstars and all sorts of royalty who sail, on rare, one-of-a-kind sailcloth from yachts owned by the likes of Pete Townshend, the Prince of Monaco, and American royalty such as JFK too.
Rock and Royals on display
According to KOS, Rock & Royals is more than an exhibition. "It's a celebration that pays homage to the legends who owned these sails and to the sea itself," she says. By transforming these authentic pieces of history into art, Kos creates a unique dialogue between history, celebrity, royalty, and contemporary artistic expression.
#rock #Royals #royalty #yachts
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ***** ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#Retirement #disclosure #americans
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ***** ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#Retirement #disclosure #americans
2 months ago
Sep. 3—CALEDONIA — Max Schmitz and Caledonia teammate Cooper Allen are arguably the two best defensive football players in southeastern Minnesota.
But there is something both possess that Caledonia coach Carl Fruechte appreciates even more about them.
It's that they'd do anything for this team. That includes both of them playing along the offensive line. They are offensive linemen not because that is their preference. They do it because that is where they are needed most.
And they are good with that.
"They are really special," Fruechte said of his star juniors. "First of all, it's that they are all heart. They care about the team and they sacrifice for the betterment of the team. They love football and they get it. That's what makes me so proud of them. Max and Cooper, they go above and beyond."
#minnesota
But there is something both possess that Caledonia coach Carl Fruechte appreciates even more about them.
It's that they'd do anything for this team. That includes both of them playing along the offensive line. They are offensive linemen not because that is their preference. They do it because that is where they are needed most.
And they are good with that.
"They are really special," Fruechte said of his star juniors. "First of all, it's that they are all heart. They care about the team and they sacrifice for the betterment of the team. They love football and they get it. That's what makes me so proud of them. Max and Cooper, they go above and beyond."
#minnesota
2 months ago
Sep. 3—Section 1, Class 2A football turned into a slugfest in 2025. It was as wide-open and competitive of a section as there was in the state.
Five of the seven teams in the section finished the regular season at or better than .500, and the top two seeds were defeated on their home fields in the section semifinals. The No. 3 seed won the section championship, which should actually be no surprise considering it was ...
It was rinse and repeat in 2025 for the Warriors, who finished 9-3 overall and won their 15th section championship in 20 years.
The Warriors allowed a section-best 11.3 points per game, and will again feature playmakers all over the field. That group includes two of the best juniors in southeastern Minnesota and the state — defensive lineman Max Schmitz (57 tackles, 8 sacks) and linebacker Cooper Allen (114 total tackles, 2 forced fumbles).
Senior wide receiver/linebacker Coby Hammell is a talented two-way player. The University of North Dakota commit had 21 catches for 415 yards and 5 touchdowns last fall, and on defense he recorded 28 tackles, 2 sacks and 1 interception.
#Warriors #state #finished #best
Five of the seven teams in the section finished the regular season at or better than .500, and the top two seeds were defeated on their home fields in the section semifinals. The No. 3 seed won the section championship, which should actually be no surprise considering it was ...
It was rinse and repeat in 2025 for the Warriors, who finished 9-3 overall and won their 15th section championship in 20 years.
The Warriors allowed a section-best 11.3 points per game, and will again feature playmakers all over the field. That group includes two of the best juniors in southeastern Minnesota and the state — defensive lineman Max Schmitz (57 tackles, 8 sacks) and linebacker Cooper Allen (114 total tackles, 2 forced fumbles).
Senior wide receiver/linebacker Coby Hammell is a talented two-way player. The University of North Dakota commit had 21 catches for 415 yards and 5 touchdowns last fall, and on defense he recorded 28 tackles, 2 sacks and 1 interception.
#Warriors #state #finished #best
2 months ago
MOOSIC, PA(WBRE/WYOU)— The RailRiders pulled to within two games of first place with a 9-2 win on Wednesday night over the Lehigh Valley IronPigs. Scranton/Wilkes-Barre put up four runs in the first inning, never trailing in the win over the I-Pigs.
Jasson Dominguez started the scoring in the first with a single to right field, bringing in Jarred Kelenic. The next batter J.C. Escarra continued the hit parade with a single to shallow right. That brought in Anthony Volpe, putting runners on the corners for Marco Luciano. The SWB second baseman drove a ball to the wall to bring in Dominguez. Oswaldo Cabrera ended the merry-go-round with a fielder's choice, and a fourth run for the RailRiders.
Yanquiel Fernandez matched Double-R's first four runs, with four runs driven in of his own. Fernandez hit two home runs on Wednesday, his team leading 23rd and 24th of the season. The Scranton/Wilkes-Barre DH went 3-for-4 on the night, with two home runs and four RBI.
New York Yankees pitcher Clark Schmidt started the game for the RailRiders. The start was Schmidt's second rehab start since having elbow surgery last July. Schmidt pitched 0.2 innings last Saturday for the Yankees Double-A team.
Schmidt tossed 2.0 innings for SWB on Wednesday night. He struck out three batters, while also allowing one run on three hits.
#first #scranton #barre
Jasson Dominguez started the scoring in the first with a single to right field, bringing in Jarred Kelenic. The next batter J.C. Escarra continued the hit parade with a single to shallow right. That brought in Anthony Volpe, putting runners on the corners for Marco Luciano. The SWB second baseman drove a ball to the wall to bring in Dominguez. Oswaldo Cabrera ended the merry-go-round with a fielder's choice, and a fourth run for the RailRiders.
Yanquiel Fernandez matched Double-R's first four runs, with four runs driven in of his own. Fernandez hit two home runs on Wednesday, his team leading 23rd and 24th of the season. The Scranton/Wilkes-Barre DH went 3-for-4 on the night, with two home runs and four RBI.
New York Yankees pitcher Clark Schmidt started the game for the RailRiders. The start was Schmidt's second rehab start since having elbow surgery last July. Schmidt pitched 0.2 innings last Saturday for the Yankees Double-A team.
Schmidt tossed 2.0 innings for SWB on Wednesday night. He struck out three batters, while also allowing one run on three hits.
#first #scranton #barre
2 months ago
The Ultimate Fighting Championship's annual Madison Square Gardencard is taking shape.
NazimSadykhov is set to square off against JeffersonNascimento in a lightweight bout at UFC 334 onNov. 14 at MSG in New York City. While the UFC has yet toofficially announce the bout, Sadykhov took to Instagram to revealthe booking. They last competed on the same card earlier thisyear.
Nascimento (13-1) was a highly touted undefeated prospect goinginto his UFC debut against fellow promotional debutant TahirAbdullayev this past June at UFC Baku. However, he was booed in enemy territory for coastingthroughout the first two rounds.
Abdullayev finally hurt Nascimento late in the third round andreferee Jim Perdios called a highly questionable stop to thecontest. While Nascimento made his UFC debut at welterweight, theformer LFA lightweight champ will drop back down to 155 pounds inpursuit of his first Octagon victory.
Meanwhile, Sadykhov (11-3-1) was a -250 favorite against MatheusCamilo in front of a home crowd in Azerbaijan. However, Camilosilenced the crowd by knocking Sadykhov out in the first round,although it was yet another controversial stoppage, this time byreferee RichMitchell. This marked Sadykhov's second loss on the bouncefollowing his defeat to Fares Ziamlast December. His UFC record stands at 4-2-1.
#first #lightweight #bout
NazimSadykhov is set to square off against JeffersonNascimento in a lightweight bout at UFC 334 onNov. 14 at MSG in New York City. While the UFC has yet toofficially announce the bout, Sadykhov took to Instagram to revealthe booking. They last competed on the same card earlier thisyear.
Nascimento (13-1) was a highly touted undefeated prospect goinginto his UFC debut against fellow promotional debutant TahirAbdullayev this past June at UFC Baku. However, he was booed in enemy territory for coastingthroughout the first two rounds.
Abdullayev finally hurt Nascimento late in the third round andreferee Jim Perdios called a highly questionable stop to thecontest. While Nascimento made his UFC debut at welterweight, theformer LFA lightweight champ will drop back down to 155 pounds inpursuit of his first Octagon victory.
Meanwhile, Sadykhov (11-3-1) was a -250 favorite against MatheusCamilo in front of a home crowd in Azerbaijan. However, Camilosilenced the crowd by knocking Sadykhov out in the first round,although it was yet another controversial stoppage, this time byreferee RichMitchell. This marked Sadykhov's second loss on the bouncefollowing his defeat to Fares Ziamlast December. His UFC record stands at 4-2-1.
#first #lightweight #bout
2 months ago
NEW YORK - George Lombard Jr. is not in Sunday's Yankees lineup, but the hope is that he's day-to-day with right knee inflammation.
The rookie shortstop exited Saturday's second game of a doubleheader after three innings, having twisted awkwardly on a check swing in his first at-bat.
An MRI taken late Saturday showed no structural damage. Lombard wasn't sure if he'd be an available player Sunday.
Here is the Yankees' lineup Sunday:
Paul Goldschmidt, 1B
#lombard #yankees #george #paul
The rookie shortstop exited Saturday's second game of a doubleheader after three innings, having twisted awkwardly on a check swing in his first at-bat.
An MRI taken late Saturday showed no structural damage. Lombard wasn't sure if he'd be an available player Sunday.
Here is the Yankees' lineup Sunday:
Paul Goldschmidt, 1B
#lombard #yankees #george #paul
2 months ago
On August 10, TPG Mortgage Investment Trust, Inc. (NYSE:MITT) and Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) announced a definitive merger agreement in which MITT will acquire CHMI. Under the cash-and-stock deal, CHMI stockholders will receive 0.3063 shares of MITT common stock and $0.93 in cash per share, implying a value of $3.10 per CHMI share based on August 7 closing prices. This represents a 29% premium to CHMI's unaffected price and a 32% premium to its 30-day VWAP. Unanimously approved by both boards and slated to close in Q4 2026, the combined entity will operate as TPG Mortgage Investment Trust under CEO T.J. Durkin, expanding MITT's board to eight with two CHMI independent directors.
Following the announcement, Citizens downgraded Cherry Hill Mortgage from Outperform to Market Perform on August 11, removing its price target and noting that CHMI shares are now fairly valued around the $3.10 implied buyout price.
11 Tips to Get Approved for a Mortgage
In Q2 2026, TPG Mortgage Investment Trust, Inc. (NYSE:MITT) demonstrated stronger underlying financial execution. MITT reported GAAP net income of $0.29 per diluted share and Earnings Available for Distribution (EAD) of $0.24 per share, fully covering its $0.24 dividend. Book value rose to $10.00 per share with an economic return on equity of 2.7%. Its total investment portfolio stood at $7.7 billion with low economic leverage of 1.8x.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), by contrast, generated GAAP net income of $0.04 per share and EAD of $0.15 per share, which fell short of covering its $0.10 quarterly dividend without factoring in preferred obligations. CHMI's GAAP book value ended at $3.16 per share, while its portfolio leverage was significantly higher at 5.02x. MITT clearly enters the deal from a position of relative operational stability, better dividend coverage, and lower balance sheet leverage.
#mortgage #mitt #Share #NYSE
Following the announcement, Citizens downgraded Cherry Hill Mortgage from Outperform to Market Perform on August 11, removing its price target and noting that CHMI shares are now fairly valued around the $3.10 implied buyout price.
11 Tips to Get Approved for a Mortgage
In Q2 2026, TPG Mortgage Investment Trust, Inc. (NYSE:MITT) demonstrated stronger underlying financial execution. MITT reported GAAP net income of $0.29 per diluted share and Earnings Available for Distribution (EAD) of $0.24 per share, fully covering its $0.24 dividend. Book value rose to $10.00 per share with an economic return on equity of 2.7%. Its total investment portfolio stood at $7.7 billion with low economic leverage of 1.8x.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), by contrast, generated GAAP net income of $0.04 per share and EAD of $0.15 per share, which fell short of covering its $0.10 quarterly dividend without factoring in preferred obligations. CHMI's GAAP book value ended at $3.16 per share, while its portfolio leverage was significantly higher at 5.02x. MITT clearly enters the deal from a position of relative operational stability, better dividend coverage, and lower balance sheet leverage.
#mortgage #mitt #Share #NYSE
2 months ago
Well, they lost the first one. But they're back to try it again! The San Francisco Giants are hosting the Arizona Diamondbacks for the second game of a doubleheader, and are hoping to split the four-game series.
It's an exciting pitching situation for the Giants, as right-hander Yunior Marte takes the mound for his MLB debut. Marte — not to be confused with the reliever of the same name, who pitched for San Francisco in 2022 — is a young prospect whom the Giants acquired a year ago in the Mike Yastrzemski trade. He is, shockingly, following in Jonah **** 's footsteps as the second player the Giants have called up directly from AA this year … after going nearly a decade without making such a move.
Marte, who turned 23 earlier this month, has a strong fastball/slider combo, with a splitter as well. He's fastball reliant, and sits mid-90s, while occasionally touching high-90s. He does a good job limiting walks, despite a slightly herky-jerky motion that isn't always conducive to consistent strike-throwing. In 13 starts with AA Richmond this year, Marte posted a 3.92 ERA and a 3.97 FIP, with 72 strikeouts and 22 walks in 64.1 innings. He started the year with High-A Eugene, where he had a 3.74 ERA and a 4.11 FIP in nine games, with 41 strikeouts and 19 walks in 43.1 innings. He was not on the 40-man roster (though he would have been a Rule 5 decision this winter), so the Giants made a spot for him by moving Casey Schmitt to the 60-Day IL. The Giants made **** e on the active roster by optioning lefty Seth Lonsway, who made his MLB debut in the first game of the doubleheader.
For Arizona, it's lefty Mitch Bratt, who is also a 23-year old lefty. Bratt, who was a fifth-round pick in 2021, has made nine appearances in his debut season, and is 1-2 with a 4.54 ERA, a 5.28 FIP, and 28 strikeouts against 25 walks in 39.2 innings. After a pair of great starts to open the month, Bratt has given up three runs in three innings in each of his last two games.
Enjoy the baseball, everyone!
#walks #made #game #strikeouts
It's an exciting pitching situation for the Giants, as right-hander Yunior Marte takes the mound for his MLB debut. Marte — not to be confused with the reliever of the same name, who pitched for San Francisco in 2022 — is a young prospect whom the Giants acquired a year ago in the Mike Yastrzemski trade. He is, shockingly, following in Jonah **** 's footsteps as the second player the Giants have called up directly from AA this year … after going nearly a decade without making such a move.
Marte, who turned 23 earlier this month, has a strong fastball/slider combo, with a splitter as well. He's fastball reliant, and sits mid-90s, while occasionally touching high-90s. He does a good job limiting walks, despite a slightly herky-jerky motion that isn't always conducive to consistent strike-throwing. In 13 starts with AA Richmond this year, Marte posted a 3.92 ERA and a 3.97 FIP, with 72 strikeouts and 22 walks in 64.1 innings. He started the year with High-A Eugene, where he had a 3.74 ERA and a 4.11 FIP in nine games, with 41 strikeouts and 19 walks in 43.1 innings. He was not on the 40-man roster (though he would have been a Rule 5 decision this winter), so the Giants made a spot for him by moving Casey Schmitt to the 60-Day IL. The Giants made **** e on the active roster by optioning lefty Seth Lonsway, who made his MLB debut in the first game of the doubleheader.
For Arizona, it's lefty Mitch Bratt, who is also a 23-year old lefty. Bratt, who was a fifth-round pick in 2021, has made nine appearances in his debut season, and is 1-2 with a 4.54 ERA, a 5.28 FIP, and 28 strikeouts against 25 walks in 39.2 innings. After a pair of great starts to open the month, Bratt has given up three runs in three innings in each of his last two games.
Enjoy the baseball, everyone!
#walks #made #game #strikeouts
2 months ago
SCHMID Group N.V. (NASDAQ:SHMD) delivered a sharp revenue recovery in the first half of 2026, but the quality of that growth fell short of management's earlier expectations. Revenue increased 172% to €46.0 million from €16.9 million, while gross profit improved to €9.8 million from a €1.6 million loss. Gross margin reached 21.2%.
However, SCHMID Group N.V. (NASDAQ:SHMD) lowered its full-year adjusted EBITDA margin outlook to 6%-9% from more than 12%. Management attributed the revision to weaker-than-expected first-half profitability and a product mix weighted toward its lower-margin Chinese business. The central question is whether stronger volume can eventually translate into dependable margins and cash generation.
The underlying performance of SCHMID Group N.V. (NASDAQ:SHMD) improved substantially. Its company-defined non-IFRS adjusted EBITDA loss narrowed to €0.6 million from a recalculated €11.6 million. SCHMID Group N.V. (NASDAQ:SHMD) recast the prior-year figure under its current definition to exclude a €6.3 million foreign-exchange gain. Under the previously published definition, the first-half 2025 adjusted EBITDA loss was €5.3 million.
Demand also accelerated after a seasonally weak first quarter. SCHMID Group N.V. (NASDAQ:SHMD) reported €96.6 million of year-to-date equipment orders through August 21, including €52.3 million received during the third quarter through that date. Equipment backlog reached €95.0 million, compared with €54.8 million at the end of June. These figures exclude service and spare-parts orders.
SCHMID Group N.V. (NASDAQ:SHMD) maintained its full-year revenue target of more than €100 million and its €125 million-€150 million order-intake outlook, with management expecting the upper half of that range. Meeting the revenue target requires more than €54 million during the second half, but the larger backlog provides meaningful visibility.
#group #NASDAQ #half #revenue
However, SCHMID Group N.V. (NASDAQ:SHMD) lowered its full-year adjusted EBITDA margin outlook to 6%-9% from more than 12%. Management attributed the revision to weaker-than-expected first-half profitability and a product mix weighted toward its lower-margin Chinese business. The central question is whether stronger volume can eventually translate into dependable margins and cash generation.
The underlying performance of SCHMID Group N.V. (NASDAQ:SHMD) improved substantially. Its company-defined non-IFRS adjusted EBITDA loss narrowed to €0.6 million from a recalculated €11.6 million. SCHMID Group N.V. (NASDAQ:SHMD) recast the prior-year figure under its current definition to exclude a €6.3 million foreign-exchange gain. Under the previously published definition, the first-half 2025 adjusted EBITDA loss was €5.3 million.
Demand also accelerated after a seasonally weak first quarter. SCHMID Group N.V. (NASDAQ:SHMD) reported €96.6 million of year-to-date equipment orders through August 21, including €52.3 million received during the third quarter through that date. Equipment backlog reached €95.0 million, compared with €54.8 million at the end of June. These figures exclude service and spare-parts orders.
SCHMID Group N.V. (NASDAQ:SHMD) maintained its full-year revenue target of more than €100 million and its €125 million-€150 million order-intake outlook, with management expecting the upper half of that range. Meeting the revenue target requires more than €54 million during the second half, but the larger backlog provides meaningful visibility.
#group #NASDAQ #half #revenue
2 months ago
Genmab A/S (NASDAQ:GMAB) boosted its full-year 2026 revenue guidance to a range of $4.325 billion to $4.525 billion, up from its previous outlook of $4.065 billion to $4.395 billion. The upward revision underscores the strong commercial momentum across the company's royalty streams and proprietary portfolio.
For the first half of 2026, GMAB reported total revenue of $2,051 million, representing a 25% year-over-year growth. Royalty revenue increased 24% to $1,708 million, heavily supported by $8,171 million in net sales of DARZALEX by Johnson & Johnson. Meanwhile, global net sales of EPKINLY/TEPKINLY surged 48% to $312 million. Operating profit came in at $555 million, while adjusted operating profit rose 18% to $656 million.
Following the robust print, Guggenheim ****** yst Michael Schmidt raised the firm's price target on Genmab to $42 from $40 while maintaining a Buy rating on August 7.
This brings up a key question: Does this guidance raise reflect a permanent, high-margin inflection for Genmab A/S (NASDAQ:GMAB)'s pipeline, or will rising operating expenses eventually weigh on its bottom line?
Genmab's broad-based top-line expansion, driven equally by DARZALEX royalties and EPKINLY net sales, demonstrates a diversified, partner-plus-proprietary revenue model. This setup reduces reliance on any single product, securing predictable royalties that fund ongoing commercial rollouts. Furthermore, a Phase III PFS win for epcoritamab in B-cell malignancies strengthens its clinical proof, expanding label potential and long-term royalty streams across geographies. Additionally, Genmab's high cash conversion and strong balance sheet provide ample organic financing to fund late-stage programs without risking shareholder dilution.
#genmab #gmab #billion #year
For the first half of 2026, GMAB reported total revenue of $2,051 million, representing a 25% year-over-year growth. Royalty revenue increased 24% to $1,708 million, heavily supported by $8,171 million in net sales of DARZALEX by Johnson & Johnson. Meanwhile, global net sales of EPKINLY/TEPKINLY surged 48% to $312 million. Operating profit came in at $555 million, while adjusted operating profit rose 18% to $656 million.
Following the robust print, Guggenheim ****** yst Michael Schmidt raised the firm's price target on Genmab to $42 from $40 while maintaining a Buy rating on August 7.
This brings up a key question: Does this guidance raise reflect a permanent, high-margin inflection for Genmab A/S (NASDAQ:GMAB)'s pipeline, or will rising operating expenses eventually weigh on its bottom line?
Genmab's broad-based top-line expansion, driven equally by DARZALEX royalties and EPKINLY net sales, demonstrates a diversified, partner-plus-proprietary revenue model. This setup reduces reliance on any single product, securing predictable royalties that fund ongoing commercial rollouts. Furthermore, a Phase III PFS win for epcoritamab in B-cell malignancies strengthens its clinical proof, expanding label potential and long-term royalty streams across geographies. Additionally, Genmab's high cash conversion and strong balance sheet provide ample organic financing to fund late-stage programs without risking shareholder dilution.
#genmab #gmab #billion #year
2 months ago
Why Aaron Judge expects to return sooner rather than later for Yankees originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Aaron Judge has been out of the New York Yankees lineup since June 1 with a fractured rib.
The three-time MVP has begun baseball activities and could return to the field within the next few weeks.
MLB.com's Bryan Hoch reports that Judge has hit overhand batting practice in the cage at least once.
Hoch added that the Yankees captain could face live pitching soon, most likely against right-hander Clarke Schmidt, who is rehabbing from Tommy John Surgery.
#sporting #hoch
Aaron Judge has been out of the New York Yankees lineup since June 1 with a fractured rib.
The three-time MVP has begun baseball activities and could return to the field within the next few weeks.
MLB.com's Bryan Hoch reports that Judge has hit overhand batting practice in the cage at least once.
Hoch added that the Yankees captain could face live pitching soon, most likely against right-hander Clarke Schmidt, who is rehabbing from Tommy John Surgery.
#sporting #hoch
2 months ago
As central bankers gather for the 49th annual economic symposium in Jackson Hole, Wyo., starting Thursday evening, Kansas City Fed president Jeff Schmid warned that the rise of innovation in payments from stablecoins to blockchain and instantaneous payments could be disruptive.
"I think we're going to find that not only is this, from an innovation standpoint, very transitional, it's going to be very disruptive too," Schmid said in an interview with Yahoo Finance.
The theme of this year's gathering focuses on financial innovation in payments and the implications for monetary policy.
"I think we need to prepare," Schmid said. "We're going to be talking in the next decade more about sources of liquidity and duration, maybe more than we talked about capital, because at the end of the day, that $5 [trillion] or $10 trillion that we move a day is going to over time become instantaneous, and that's going to be a change in the system at large."
If payments become instantaneous and settle instantaneously, Schmid wonders, how does that impact liquidity, and what's the nature of ******* ets backing the instruments?
#liquidity
"I think we're going to find that not only is this, from an innovation standpoint, very transitional, it's going to be very disruptive too," Schmid said in an interview with Yahoo Finance.
The theme of this year's gathering focuses on financial innovation in payments and the implications for monetary policy.
"I think we need to prepare," Schmid said. "We're going to be talking in the next decade more about sources of liquidity and duration, maybe more than we talked about capital, because at the end of the day, that $5 [trillion] or $10 trillion that we move a day is going to over time become instantaneous, and that's going to be a change in the system at large."
If payments become instantaneous and settle instantaneously, Schmid wonders, how does that impact liquidity, and what's the nature of ******* ets backing the instruments?
#liquidity
2 months ago
By Michael S. Derby
Aug 27 (Reuters) - Two Federal Reserve officials on Thursday shared their ongoing concerns about the U.S. inflation outlook, as central bankers gathered in Jackson Hole, Wyoming for the Kansas City Fed's closely watched annual economic symposium.
Inflation is "still stubborn and it's still sticky and we've got to continue to find ways to break through" and get it back to 2%, Kansas City Fed President Jeffrey Schmid said on CNBC on the sidelines of the conference.
He noted that the U.S. central bank's current 3.50%-3.75% policy rate did not appear to be restrictive.
"I don't know what we're restricting currently with the rate policy that we're at today," Schmid said.
#policy #we 're #michael
Aug 27 (Reuters) - Two Federal Reserve officials on Thursday shared their ongoing concerns about the U.S. inflation outlook, as central bankers gathered in Jackson Hole, Wyoming for the Kansas City Fed's closely watched annual economic symposium.
Inflation is "still stubborn and it's still sticky and we've got to continue to find ways to break through" and get it back to 2%, Kansas City Fed President Jeffrey Schmid said on CNBC on the sidelines of the conference.
He noted that the U.S. central bank's current 3.50%-3.75% policy rate did not appear to be restrictive.
"I don't know what we're restricting currently with the rate policy that we're at today," Schmid said.
#policy #we 're #michael
2 months ago
Gilbert Arenas doesn't think Jonathan ******* inga made the right decision by signing a $13 million contract with the Minnesota Timberwolves.
Kuminga was tipped to join the Los Angeles Lakers over the Timberwolves as far back as a few months ago, but opted to go in a different direction.
His $13 million contract is far from what he was demanding in free agency, which has many believing he overestimated his own value.
Photo by Ellen Schmidt/Getty Images
Former NBA star and ardent Los Angeles Lakers fan Gilbert Arenas took to social media to share his thoughts on Jonathan ******* inga's new contract with the Minnesota Timberwolves.
#gilbert #million
Kuminga was tipped to join the Los Angeles Lakers over the Timberwolves as far back as a few months ago, but opted to go in a different direction.
His $13 million contract is far from what he was demanding in free agency, which has many believing he overestimated his own value.
Photo by Ellen Schmidt/Getty Images
Former NBA star and ardent Los Angeles Lakers fan Gilbert Arenas took to social media to share his thoughts on Jonathan ******* inga's new contract with the Minnesota Timberwolves.
#gilbert #million
2 months ago
SCHMID Group N.V. (NASDAQ:SHMD) reported a sharp increase in first-half revenue for 2026, but lowered its full-year profitability guidance after weaker-than-anticipated margins and a greater contribution from lower-margin business in China.
Revenue reached €46.0 million for the first six months of the year, up substantially from €16.9 million in the corresponding period of 2025. China accounted for more than half of the group's first-half sales.
Gross profit improved to €9.8 million, representing a gross margin of 21.2%. That compared with a gross loss of €1.6 million in the first half of last year.
The operating loss was broadly unchanged at €8.0 million, versus a loss of €7.8 million a year earlier. Adjusted EBITDA, which SCHMID reports as a non-IFRS measure, improved considerably to a loss of €0.6 million from a loss of €11.6 million in the first half of 2025.
However, the reported net loss widened sharply to €47.8 million from €10.2 million. SCHMID attributed much of the increase to non-cash accounting effects linked to the January 2026 conversion of the XJ Harbour liability into shares and changes in the fair value of its warrants.
#loss #half #gross #revenue
Revenue reached €46.0 million for the first six months of the year, up substantially from €16.9 million in the corresponding period of 2025. China accounted for more than half of the group's first-half sales.
Gross profit improved to €9.8 million, representing a gross margin of 21.2%. That compared with a gross loss of €1.6 million in the first half of last year.
The operating loss was broadly unchanged at €8.0 million, versus a loss of €7.8 million a year earlier. Adjusted EBITDA, which SCHMID reports as a non-IFRS measure, improved considerably to a loss of €0.6 million from a loss of €11.6 million in the first half of 2025.
However, the reported net loss widened sharply to €47.8 million from €10.2 million. SCHMID attributed much of the increase to non-cash accounting effects linked to the January 2026 conversion of the XJ Harbour liability into shares and changes in the fair value of its warrants.
#loss #half #gross #revenue
2 months ago
Directors at four Federal Reserve regional banks voted to increase the primary credit rate in the days before the Fed's July meeting, discount rate minutes released Tuesday showed, providing fresh evidence of how divided the central bank was heading into that decision.
The directors of the Cleveland and Minneapolis Fed banks voted on July 16, 2026, and the directors of the Kansas City and Dallas Fed banks voted on July 23, to set the primary credit rate at 4%, a quarter-percentage-point increase from the existing level of 3.75%. The Board of Governors took no action on those requests and approved maintaining the rate at 3.75%.
At the July 28–29 joint meeting of the Board and the Federal Open Market Committee, policymakers voted to keep the federal funds target range at 3.5% to 3.75%. Three FOMC members dissented, according to Reuters. Regional Fed bank directors have no role in setting the federal funds rate and hold no FOMC seats, but they convene regularly with their bank presidents and those presidents say the directors' perspectives inform their own policy thinking.
Notably, Kansas City Fed President Jeff Schmid lacked a voting seat on the FOMC this year, according to Reuters, so his bank's directors pushed for a rate hike at a meeting where he was unable to cast a dissenting vote himself.
At the July 20 Board meeting — held the week before the FOMC convened — directors at ten Reserve Banks had voted to keep the primary credit rate at its existing level. Only the Cleveland and Minneapolis boards had at that point voted for an increase, and the Board took no action on those requests then either.
#july #board #meeting
The directors of the Cleveland and Minneapolis Fed banks voted on July 16, 2026, and the directors of the Kansas City and Dallas Fed banks voted on July 23, to set the primary credit rate at 4%, a quarter-percentage-point increase from the existing level of 3.75%. The Board of Governors took no action on those requests and approved maintaining the rate at 3.75%.
At the July 28–29 joint meeting of the Board and the Federal Open Market Committee, policymakers voted to keep the federal funds target range at 3.5% to 3.75%. Three FOMC members dissented, according to Reuters. Regional Fed bank directors have no role in setting the federal funds rate and hold no FOMC seats, but they convene regularly with their bank presidents and those presidents say the directors' perspectives inform their own policy thinking.
Notably, Kansas City Fed President Jeff Schmid lacked a voting seat on the FOMC this year, according to Reuters, so his bank's directors pushed for a rate hike at a meeting where he was unable to cast a dissenting vote himself.
At the July 20 Board meeting — held the week before the FOMC convened — directors at ten Reserve Banks had voted to keep the primary credit rate at its existing level. Only the Cleveland and Minneapolis boards had at that point voted for an increase, and the Board took no action on those requests then either.
#july #board #meeting
2 months ago
PHOENIX — Their star second baseman hasn't shown his face in the Arizona Diamondbacks' clubhouse since he went AWOL a week ago, and has yet to publicly apologize to a single teammate.
Their manager has been privately mocked and scorned inside and outside the organization for his public response to Ketel Marte's disappearing act.
Their starting rotation is a patchwork job with only one current starter who has been on their opening-day roster this entire season.
Their closer was released.
And yet, here are the Diamondbacks, staying alive in the National League wild-card race, showing uncanny resiliency with their MLB-leading 40th comeback victory of the season, winning 5-4 over the Chicago Cubs on Tuesday, Aug. 25, capped by rookie Ryan Waldschmidt's pinch-hit, walk-off homer with two outs in the ninth inning.
#season #Chicago
Their manager has been privately mocked and scorned inside and outside the organization for his public response to Ketel Marte's disappearing act.
Their starting rotation is a patchwork job with only one current starter who has been on their opening-day roster this entire season.
Their closer was released.
And yet, here are the Diamondbacks, staying alive in the National League wild-card race, showing uncanny resiliency with their MLB-leading 40th comeback victory of the season, winning 5-4 over the Chicago Cubs on Tuesday, Aug. 25, capped by rookie Ryan Waldschmidt's pinch-hit, walk-off homer with two outs in the ninth inning.
#season #Chicago
2 months ago
PHOENIX (AP) — The Arizona Diamondbacks have had their share of strife over the past 10 days, dealing with another pitching injury and the fallout of having one of their best players ghost the team during a playoff race.
Rookie Ryan Waldschmidt changed the mood in a hurry on Tuesday night.
The 23-year-old entered the game as a pinch hitter with two outs in the ninth and smashed a two-run, game-winning homer to stun the Chicago Cubs 5-4. It was the team's 40th comeback win of the season, which leads the big leagues.
The D-backs trailed 4-0 after seven innings on Tuesday before scoring three runs in the eighth and two more in the ninth.
"I think they have the mentality that they're just a bunch of dogs and they're not going to stop," manager Torey Lovullo said. "They're going to keep getting after it every single day and that's just ingrained in them. They have a great makeup.
#diamondbacks #rookie #ryan
Rookie Ryan Waldschmidt changed the mood in a hurry on Tuesday night.
The 23-year-old entered the game as a pinch hitter with two outs in the ninth and smashed a two-run, game-winning homer to stun the Chicago Cubs 5-4. It was the team's 40th comeback win of the season, which leads the big leagues.
The D-backs trailed 4-0 after seven innings on Tuesday before scoring three runs in the eighth and two more in the ninth.
"I think they have the mentality that they're just a bunch of dogs and they're not going to stop," manager Torey Lovullo said. "They're going to keep getting after it every single day and that's just ingrained in them. They have a great makeup.
#diamondbacks #rookie #ryan
