Powell's Most Important Speech on Friday, Says Rastegar
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Jerome Powell Set To Deliver Pivotal Jackson Hole Address As Analysts Warn It Could Be 'Make-Or-Break' Moment For Dovish Fed
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium on Friday is being billed as a pivotal, "make-or-break" moment for the central bank's more dovish contingent. This annual gathering of central bankers, economists, and financial leaders in Wyoming is one of the most closely watched events on the economic calendar, and this year's address is no exception. Market Experts Are Widely Anticipating A "Conciliatory" Tone The anticipation surrounding Powell's speech has been fueled by a growing consensus among market analysts that the Fed is poised to ease its monetary policy. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — According to Gary Black of The Future Fund, money markets are now pricing in an 84% chance of a 25-basis-point rate cut in September, with expectations for two cuts by the end of the year. He says that Powell's speech 'could be make-or-break moment for a more dovish Fed.'This sentiment persists despite a recent hotter-than-expected Producer Price Index (PPI) report for July. Similarly, Tom Lee of FundStrat has expressed his hope for a 'conciliatory tone to rate cuts' from the Fed Chair. Historical Market Reaction To Jackson Hole Historically, the S&P 500's performance in the week following the Jackson Hole symposium has been mixed, often marked by increased volatility as investors digest the Federal Reserve's messaging. According to analysis from Kevin Gordon of Schwab, citing Bloomberg Intelligence data, the index has gained an average of 0.4% in the week after the event since 2000.2025 Theme To Highlight Transitions In Labor Markets The theme for the 2025 symposium, which will take place from Aug. 21-23, is 'Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy.' This theme will guide the discussions and papers presented at the event, with a focus on how shifts in the labor market will impact the broader economy and monetary policy decisions. As the world watches, Powell's speech against this backdrop will be scrutinized for any hints about the future direction of the U.S. economy and the Fed's response to the evolving landscape. The Jackson Hole symposium, hosted by the Federal Reserve Bank of Kansas City, has a long history of being a platform for major policy announcements. The event brings together a select group of around 120 attendees, including central bankers from around the world, academics, and government officials, to discuss pressing long-term economic issues. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image Credit: Jack Gruber-USA TODAY via Imagn This article Jerome Powell Set To Deliver Pivotal Jackson Hole Address As Analysts Warn It Could Be 'Make-Or-Break' Moment For Dovish Fed originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Dr. Phil's Distribution Partner Sues for Fraud, Breach of Contract Over $500 Million, 10-Year Deal
The talk show host's Merit Street Media is simultaneously suing Trinity Broadcasting while facing off in bankruptcy court Trinity Broadcasting is countersuing Dr. Phil McGraw's Merit Street Media in bankruptcy court for fraud and breach of contract. In a complaint filed Tuesday in U.S. Bankruptcy Court for the Northern District of Texas and obtained by TheWrap, Trinity Broadcasting, McGraw's distribution parter, alleges that he defrauded the Christian television network through a $500 million, 10-year distribution agreement—claiming he failed to deliver even a single episode of his new talk show. More from TheWrap How to Watch 'South Park' Season 27: When Is Episode 3 Streaming? Francis Ford Coppola's 'Megalopolis' Reborn: See Pages From the New Graphic Novel | Exclusive 'Sekiro: Shadows Die Twice' Video Game Gets Anime Adaptation at Crunchyroll Dr. Phil's Distribution Partner Sues for Fraud, Breach of Contract Over $500 Million, 10-Year Deal On the other hand, Merit Street (which is currently in bankruptcy court) argues that Trinity Broadcasting failed to uphold its end of their joint venture, primarily by not securing national distribution. Instead, the network abused 'its power as a controlling shareholder,' the company claims, by pressuring Merit Street into costly third-party distribution deals rather than using Trinity's existing network of local TV stations. While Merit's suit alleges 'shoddy production services' from TBN, the 'most egregious' issue, it says, is that Merit Street programs could not be seen nationwide due to 'withholding distribution payments despite repeatedlyacknowledging those distribution payments were 100% TBN's sole responsibility.' 'Simply put, as a result of TBN's conduct, Merit Street has nowhere to send its broadcast signal and nowhere to air its programming,' Merit's suit alleges. Trinity tells a different story. In its countersuit, the broadcaster says McGraw himself approached the company in 2022 after seeking a replacement for CBS as both production and distribution partner for his talk show. Trinity contends McGraw made key assurances about the show's financial health and continued popularity that ultimately proved misleading. The lawsuit alleges these assurances included McGraw's proposed cost-cutting measures: a 40 percent reduction in the show's $68 million annual production budget by relocating all operations to Texas from California and eliminating unionized staff. He also asserted ownership of the series, claiming CBS had already sold out its advertising inventory, and promised to deliver new, expanded 90-minute episodes. Through his production company, Peteski, McGraw allegedly told Trinity Broadcasting that it had to sign a deal with Peteski and pay him $20 million upfront as a show of good faith—or he would instead accept CBS' competing offer of $75 million per year. Anything less, he warned, would be a 'deal killer,' according to the lawsuit. According to the complaint, under a purported $500 million, ten-year agreement, Trinity Broadcasting was to provide production and distribution services to Merit Street, while Peteski would supply new content, including 160 episodes. 'TBN is confident that the truth will set it free, and result in Peteski and McGraw being held accountable for their reprehensible conduct,' the lawsuit reads. The partnership reportedly deteriorated last year when McGraw allegedly failed to deliver the promised viewership, product integrations, and advertising revenue to Trinity Broadcasting. The network claims it had spent over $100 million by the end of June (some of which was recorded as loans to Merit Street). The lawsuit states that amount continued to climb as Trinity Broadcasting funneled up to $13 million per month into production, even though McGraw had yet to produce a single episode. When Trinity Broadcasting stopped its payments, McGraw accused the network of breaching the contract and subsequently filed for bankruptcy. Trinity Broadcasting asserts multiple claims of fraud and breach of contract, seeking a court determination of both companies' rights and obligations under the agreement. It also asks the court to rule that McGraw had agreed to transfer his library of Dr. Phil episodes. McGraw's lawsuit requests Merit Street be awarded damages on all counts, legal fees, and 'such other and further relief as the Court may deem just and proper,' though no specific amount for such was listed. McGraw's media venture was founded just last year, after his 'Dr. Phil' TV show ended with the 2022-23 season. Merit Street Media did not immediately return TheWrap's request for comment. The post Dr. Phil's Distribution Partner Sues for Fraud, Breach of Contract Over $500 Million, 10-Year Deal appeared first on TheWrap.
Yahoo
24 minutes ago
- Yahoo
Dallas Based Andrew Hillman Launches National Scholarship to Advance Entrepreneurship for U.S. Undergraduates
DALLAS, TX / / August 19, 2025 / The Andrew Hillman Scholarship for Entrepreneurs is now open for applications from undergraduate students across the United States who demonstrate a passion for entrepreneurship and innovative business leadership. Founded by Dallas-based entrepreneur and business strategist Andrew Hillman, the scholarship seeks to support aspiring students who envision shaping the future through their entrepreneurial pursuits. With over 30 years of experience in revenue growth, business leadership, and investment strategy, Andrew Hillman introduces this initiative as a continuation of his long-standing commitment to fostering rising talent. The scholarship aims to identify students with strong business acumen, creative thinking, and the ambition to build or manage successful enterprises in the future. Andrew Hillman has dedicated much of his professional career to mentoring business leaders and scaling companies across multiple industries. Having witnessed the transformative power of entrepreneurship first-hand, he established the Andrew Hillman Scholarship for Entrepreneurs to provide tangible support to students who possess the mindset, discipline, and vision necessary for real-world success. The scholarship is not geographically restricted and is open to students nationwide, though it carries special significance to the Dallas community where Andrew Hillman was born and raised. Applicants must currently be enrolled in an accredited college or university as undergraduates and must submit a compelling 1,000-word essay articulating their entrepreneurial mindset, innovative ideas, and long-term business goals. This initiative is designed to uplift students who reflect the values Andrew Hillman has championed throughout his career-strategic thinking, community engagement, and entrepreneurial vision. The application deadline for the scholarship is December 15, 2025, and the winner will be publicly announced on January 15, 2026. The awarded funds are intended to support the educational endeavors of the selected student and aid them in their journey toward launching or managing a successful business. This scholarship reflects Andrew Hillman's desire to leave a lasting impact on future generations by providing not just financial support, but also recognition of the hard work and strategic thinking that defines a successful entrepreneur. As someone who has built his career by identifying inefficiencies, creating scalable solutions, and driving sustained growth, Andrew Hillman recognizes the importance of cultivating young talent with similar drive and potential. Interested students can apply through the official website and are encouraged to submit applications that clearly demonstrate their originality, strategic foresight, and entrepreneurial commitment. For complete eligibility details, essay requirements, and submission guidelines, students are encouraged to visit the official website. Contact InformationSpokesperson: Andrew HillmanOrganization: Andrew Hillman Scholarship for EntrepreneursWebsite: SOURCE: Andrew Hillman Scholarship View the original press release on ACCESS Newswire
