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Yahoo
10 minutes ago
- Yahoo
Stanford hires former Nike CEO John Donahoe as athletic director, AP source says
STANFORD, Calif. (AP) — Former Nike CEO John Donahoe has been hired as athletic director at Stanford. A person familiar with the decision said Donahoe will become the school's eighth athletic director and replace Bernard Muir, who stepped down this year. The person spoke on condition of anonymity because the hiring hadn't been announced. ESPN first reported the move. Donahoe graduated from Stanford Business School and has worked at companies like Nike, Bain & Company and eBay in his career. He was CEO at Nike from 2020-24. He takes over one of the countries most successful athletic programs with Stanford having won at least one NCAA title in 49 straight years starting in 1976-77 and a record 137 NCAA team titles overall. But the Cardinal struggled in the high-profile sports of football and men's basketball under Muir's tenure, leading to the decision to hire former Stanford and NFL star Andrew Luck to oversee the football program as its general manager. The Cardinal are looking to rebound in football after going to three Rose Bowls under former coach David Shaw in Muir's first four years as AD. Shaw resigned in 2022 following a second straight 3-9 season and Muir's hire, Troy Taylor, has posted back-to-back 3-9 seasons. The men's basketball program hasn't made the NCAA Tournament since Muir's second season in 2013-14 under former coach Johnny Dawkins. Dawkins was fired in 2016 and replaced by Jerod Haase, who failed to make the tournament once in eight years. Muir hired Kyle Smith last March to take over and the Cardinal went 21-14 for their most wins in 10 years. Muir also hired Kate Paye as women's basketball coach last year after Hall of Famer Tara VanDerveer retired. The Cardinal went 16-15 this past season and in missed the NCAA Tournament for the first time since 1987. Muir also oversaw the Cardinal's transition to the ACC this past year after the school's long-term home, the Pac-12, broke apart. ___ AP college sports:
Yahoo
10 minutes ago
- Yahoo
Slow US job gains expected in July; unemployment rate forecast rising to 4.2%
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth likely slowed in July, with the unemployment rate forecast rising back to 4.2%, but that probably would be insufficient to spur the Federal Reserve to resume cutting interest rates soon as tariffs are starting to fan inflation. The anticipated slowdown in nonfarm payrolls in the Labor Department's closely watched employment report on Friday would mostly be payback after a surprise surge in state and local government education boosted employment gains in June. The U.S. central bank on Wednesday left its benchmark interest rate in the 4.25%-4.50% range. Fed Chair Jerome Powell's comments after the decision undercut confidence the central bank would resume policy easing in September as had been widely anticipated by financial markets and some economists. Though Powell described the labor market as being in balance because of supply and demand both declining at the same time, he acknowledged that this dynamic was "suggestive of downside risk." Job growth has slowed amid uncertainty over where President Donald Trump's tariff levels will eventually settle. Trump on Thursday slapped dozens of trading partners with steep tariffs ahead of a Friday trade deal deadline, including a 35% duty on many goods from Canada. The White House's immigration crackdown has reduced labor supply as has an acceleration of baby boomer retirements. "We just don't have a roadmap yet with respect to tariffs, and now that it's coming into place, I think that can certainly help, but if you're thinking about what you're planning for your business over the next two to three years ... you don't want to make that decision until you know what your costs of running your business are going to be," said Michael Reid, senior U.S. economist at RBC Capital Markets. Nonfarm payrolls likely increased by 110,000 jobs last month after rising by 147,000 in June, a Reuters survey of economists showed. That reading would be below the three-month average gain of 150,000. Estimates ranged from no jobs added to an increase of 176,000 positions. An economist predicting no change in payrolls pointed to the jump in state and local government education jobs in June, which accounted for nearly half of the employment gains that month. "When the academic year ends, there is a huge drop in payroll levels at schools," said Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets. "The fact that there were fewer reductions than usual in June suggests to me that more of the usual wave of reductions came in July." Stanley also argued that there had been a torrent of anecdotal and survey evidence suggesting that businesses large and small slowed their hiring activity this summer in the face of elevated policy uncertainty. This led Stanley to anticipate private sector payrolls growth slowed further in July rather than accelerated as most economists expected after the economy added the fewest jobs in eight months in June. LOW BREAK-EVEN NUMBER Federal government job losses as the Trump administration wields the axe on headcount and spending, excluding immigration enforcement, could mount after the Supreme Court gave the White House the green light for mass firings. But the administration has also said several agencies were not planning to proceed with layoffs. The reduction in immigration flows means the economy now needs to create roughly 100,000 jobs per month or less to keep up with growth in the working age population. The decline in the unemployment rate to 4.1% in June was in part due to people dropping out of the labor force. July's anticipated rise would still leave the jobless rate in the narrow 4.0%-4.2% range that has prevailed since May 2024. "The July jobs report is unlikely to shake the Fed out of its 'wait-and-see' posture," said Gregory Daco, chief economist at EY-Parthenon. "But it will add further evidence that the labor market is gradually losing momentum." Financial markets have pushed back an anticipated September rate cut to October. With tariffs starting to raise inflation, some economists believe the window for the Fed resuming policy easing this year is closing. But others still believe the Fed could still cut rates in September, especially if the Bureau of Labor Statistics' preliminary payrolls benchmark revision in September projects a sharp decline in the employment level from April 2024 through March this year. The Quarterly Census of Employment and Wages, derived from reports by employers to the state unemployment insurance programs, has indicated a much slower pace of job growth between April 2024 and December 2024 than payrolls have suggested. "If it's an ugly downward revision, the Fed will move, there is no question," said Brian Bethune, an economics professor at Boston College.
Time Business News
13 minutes ago
- Time Business News
Tether Exchange: The Cornerstone of Stablecoin Trading
In the volatile world of cryptocurrencies, stability is rare. Digital assets like Bitcoin and Ethereum experience dramatic price swings daily, creating challenges for both traders and investors. This is where Tether (USDT) plays a vital role. As a stablecoin pegged to the U.S. dollar, Tether provides a reliable medium for transactions, savings, and trading. A Tether exchange is a platform that facilitates the buying, selling, and trading of Tether, often pairing it with other cryptocurrencies or fiat currencies. As the demand for stablecoins continues to rise globally, Tether exchanges have become critical to the broader adoption of digital assets. Let's explore what Tether exchanges are, how they work, and why they matter in the crypto space. Tether (USDT) is the most widely used stablecoin in the cryptocurrency market. Unlike Bitcoin or Ethereum, Tether is designed to maintain a 1:1 value with the U.S. dollar. For every USDT in circulation, the Tether company claims to hold an equivalent amount of dollar-denominated reserves. This makes USDT incredibly valuable for traders who want to avoid market volatility, transfer funds quickly, or park capital safely during uncertain times. A 테더환전 is a cryptocurrency platform that supports trading pairs involving USDT. These exchanges allow users to: Buy Tether using fiat currencies like USD, EUR, or GBP. Sell Tether for fiat or other cryptocurrencies. Trade Tether with assets like BTC, ETH, BNB, and more. Store Tether securely in platform wallets or withdraw to external wallets. Tether exchanges come in two forms: centralized exchanges (CEXs) and decentralized exchanges (DEXs). Centralized exchanges such as Binance, Coinbase, Kraken, and OKX are the most popular platforms for USDT trading. They offer: High liquidity Fast transactions Professional trading tools Fiat deposit and withdrawal options However, users must complete Know Your Customer (KYC) verification and entrust the platform to safeguard their funds. Decentralized platforms like Uniswap, PancakeSwap, or Curve Finance allow users to trade Tether without intermediaries. These exchanges run on smart contracts and enable peer-to-peer (P2P) trading. While DEXs offer more privacy and control, they often come with: Higher transaction fees (especially on Ethereum) Complex interfaces for beginners Lower liquidity for certain trading pairs Tether serves as a stable medium of exchange between volatile cryptocurrencies. Most crypto trading platforms list BTC/USDT, ETH/USDT, and other stablecoin pairs to help traders manage risk. During market downturns, traders convert assets to USDT to avoid losses. This quick hedging mechanism is possible thanks to the seamless operations of Tether exchanges. Tether runs on multiple blockchains such as Ethereum (ERC-20), Tron (TRC-20), Solana, and Algorand, allowing users to select faster and cheaper networks for transactions. Tether exchanges support these variations to facilitate quick withdrawals and deposits. With Tether being widely integrated across decentralized finance (DeFi) platforms, users often move their USDT from exchanges into lending protocols, liquidity pools, and staking services. Tether exchanges act as gateways to these broader ecosystems. Choosing the right exchange can significantly impact your crypto experience. Here are some features to look for: Ensure the exchange uses encryption, multi-signature wallets, and cold storage solutions. Look for platforms with strong reputations and no history of major hacks. High liquidity ensures that you can buy or sell large amounts of USDT without affecting the price significantly. Compare trading, deposit, and withdrawal fees. Some exchanges offer fee discounts for using native tokens or meeting trading volume requirements. A clean, easy-to-navigate interface with advanced trading charts, real-time data, and mobile apps can make trading smoother and more efficient. For fiat-to-Tether exchanges, compliance with financial regulations and licensing can add an extra layer of trust. Using a Tether exchange typically involves the following steps: Create an Account – Register with your email and complete identity verification. Deposit Funds – Transfer fiat or crypto to your exchange wallet. Buy USDT – Choose a trading pair like BTC/USDT or USD/USDT and complete the purchase. Store or Trade – Store your USDT in the exchange wallet or transfer it to an external wallet. Withdraw or Reinvest – Use your Tether to invest in other crypto assets, transfer to another platform, or cash out. As the crypto landscape matures, 테더환전업체 are evolving. Expect to see: Layer 2 integrations for faster and cheaper transactions for faster and cheaper transactions More fiat on-ramps , especially in emerging markets , especially in emerging markets Increased transparency and auditing Deeper DeFi integration, allowing users to stake or lend USDT directly from exchange platforms Tether exchanges are also likely to adopt AI-powered trading tools, automated risk management, and regulatory compliance enhancements to meet the growing demand. Tether exchanges have become the foundation of stablecoin trading in the crypto world. By offering price stability, global accessibility, and seamless conversion, they empower both individuals and institutions to operate more efficiently in digital finance. Whether you're a seasoned trader, a crypto beginner, or a business exploring digital payments, using a Tether exchange offers a reliable entry point into the crypto ecosystem. With more innovation on the horizon, the role of Tether exchanges is set to become even more integral in shaping the future of money. TIME BUSINESS NEWS
