How Ohio Design Firm Moody Nolan Remembers Founder Curtis Moody
Hello and welcome to Bloomberg's weekly design digest. I'm Kriston Capps, staff writer for Bloomberg CityLab and your guide to the world of architecture and the people who build things.
Sign up to keep up: Subscribe to get the Design Edition newsletter every Sunday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn
By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing a rise in services inflation give him some pause amid what he calls the "stagflationary" impulse from tariffs. "I feel like we still need another one at least to figure out if we're still on the golden path," Goolsbee told CNBC. "If we can assure ourselves or get a hint that for this meeting, or the meetings this fall, that we aren't on an inflationary spiral that looks to be persistent, I still think it makes sense given the strength of the economy to move rates more back to where we think they're going to settle." The U.S. central bank has kept its policy rate unchanged all year as it monitors the impact of the Trump administration's higher tariffs, which Fed policymakers expected would drive up inflation and unemployment and slow the economy. So far the data has not validated their worst fears. With the economy slowing, both economists and financial markets expect the Fed to begin cutting rates again next month. Still, there have been some concerning signs on inflation, along with mixed signs about whether still-strong consumer spending will continue. Data on Friday was a case in point U.S. retail sales increased 0.5% last month after an upwardly revised 0.9% in June, the Commerce Department reported,. This allayed some concerns that a drop in monthly job gains to just 35,000 on average over the last three months signaled a potential plunge in economic activity. Factory output was unchanged compared to June, a separate report showed, a touch better than forecast, but heavy truck output, which is seen as a forward proxy for demand for equipment to deliver goods, fell to the lowest since last October. Yet a different report Friday showed import prices increased 0.4% in July amid a strong rise in the cost of consumer goods. This was a potential warning sign for inflation that followed reports earlier this week that showed a jump in services prices helped push up producer prices in July, and kept consumer prices more elevated than otherwise. "That makes me a little uneasy because that's very unlikely to be caused by tariffs, so I'm hoping that was a blip," Goolsbee said of the producer price index and consumer price index reports. "Let's not overreact to one month of import price data for sure. Let's not overreact to one month of CPI or PPI inflation. But it's at least an area of concern," he said.
Yahoo
19 minutes ago
- Yahoo
How to pick the best long-term investment for your future
It's a photo-finish race to become the new, best long-term investment. What will come out on top? On this week's Financial Freestyle, host Ross Mac speaks with Kid Parchariyanon, founder and managing partner of SeaX Ventures. Kid discusses how SeaX is helping companies develop transformative technologies, and makes his prediction for the best long-term investment between crypto, AI, and biotechnology. For a deep dive on how venture capital is shaping the future of technology, check out this week's episode of Financial Freestyle. Listen and subscribe to Financial Freestyle on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Financial Freestyle with Ross Mac on Yahoo Finance is dedicated to promoting economic prosperity for all. Through expert insights, practical advice, and inspiring success stories, we empower you to build and grow wealth. Join us on this transformative journey toward financial freedom and inclusive economic growth. Related videos Mortgage broker reveals $112,000 home loan mistake: 'Costing you a bomb' ATO $2,548 tax refund cash boost for 2.6 million Aussies Work from home shift for millions of Aussies as 'clear link' with salaries revealed: '$300,000 or more' ATO superannuation warning for 200,000 Aussies ahead of looming deadline: 'On the hook for penalties' Sign in to access your portfolio
Yahoo
19 minutes ago
- Yahoo
Heat get under tax line, trade Haywood Highsmith to Nets for 2nd round pick
Miami traded forward Haywood Highsmith to the Brooklyn Nets on Friday, a move that gets the Heat under the tax line for this coming season and creates roster flexibility. The Heat are also sending a second-round pick in 2032 to Brooklyn, which is sending a conditional second-round pick in next year's draft to Miami. With Highsmith being moved, Miami now has two open roster spots. Highsmith had knee surgery earlier this month to repair a meniscus issue and the Heat timeline for his return was 8-10 weeks, one that suggested he could be ready for the start of the regular season. The 28-year-old Highsmith averaged 6.5 points and 3.4 rebounds in 74 games last season for Miami. He averaged 5.5 points over parts of four seasons with the Heat. Highsmith will make about $5.6 million this coming season. Brooklyn is able to absorb that into its open cap space, allowing the move to be made without the Nets needing to send salary back to Miami. ___ AP NBA:
