Latest news with #MichaelBrown
Yahoo
3 days ago
- General
- Yahoo
Butts County deputies catch accused drug trafficker after he runs from traffic stop with meth
The Butts county Sheriff's Office said deputies caught a man accused of trafficking methamphetamine after a traffic stop. The drug bust happened Friday afternoon, when deputies from the Special Operations Division Crime Suppression Unit and the Narcotics Unit stopped a vehicle heading south on Interstate 75. The sheriff's office said that's when Michael Brown, Jr. took off running while 'carrying a large quantity of methamphetamines.' [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] TRENDING STORIES: Valerie Mahaffey, Emmy-winning 'Desperate Housewives' actress, dead at 71 Burned body found at Stone Mountain Park, GBI on scene A trip to a GA Burger King's drive-thru led to a high school graduate's dream he never saw coming Brown was able to keep away from deputies 'for quite some time' before crossing I-75 and getting onto the property at the Georgia Diagnostic Prison. The Georgia Department of Corrections helped catch Brown with their blood hound tracking teams assisting Butts County deputies and Brown was taken into custody without incident, the sheriff's office said. While running from law enforcement, the sheriff's office said Brown tossed more than a pound of meth. Sheriff Gary Long commended his deputies and the GDOC officers for catching Brown. [SIGN UP: WSB-TV Daily Headlines Newsletter]
Business Recorder
27-05-2025
- Business
- Business Recorder
Sterling weakens versus dollar but stays close to over three-year high
LONDON: The pound ticked lower versus a broadly stronger dollar on Tuesday, yet remained close to a more than three-year high scaled on Monday as reduced bets on Bank of England rate cuts and some brighter economic data lifted the mood. At 1110 GMT, the pound was down 0.13% against the dollar at 1.35470., not far from the 1.359 it touched on Tuesday, its highest level against the greenback since February 2022. The dollar was stronger against a range of currencies on Tuesday as investors took comfort from U.S. President Donald Trump's decision to delay higher tariffs on the European Union while the yen weakened as Japanese bond yields slumped. But the pound has gained more than 8% against the dollar in 2025 amid erratic U.S. trade policy. Michael Brown, senior research strategist at Pepperstone said while the pound's recent strength is largely a dollar weakness story, there are a few idiosyncratic factors at play. 'We did have a much more hawkish than expected May policy decision from the BoE, then compounding that we had hotter than expected UK inflation last week which has seen participants continuing to trim their bets on BoE easing this year.' Sterling touches new 2022 high; Trump EU tariff reversal dents dollar Last week's inflation print erased market expectations for a cut at the Bank of England's next meeting in June. Bets are now heavily weighted to the BoE keeping the rate steady, with 93.6% of traders expecting that outcome. The central bank slashed the bank rate by 0.25 percentage points to 4.25% on May 8. UK economic data has also proved more resilient than expected this year, said Brown. Figures published on Friday showed British retail sales jumped in April. Elsewhere, a survey from the British Retail Consortium on Tuesday showed British shop prices fell slightly overall this month but food price inflation accelerated. Against the euro, the pound was up 0.27% at 83.74 and now in its seventh consecutive week of gains against the single currency.
Yahoo
27-05-2025
- Business
- Yahoo
Sterling weakens versus dollar but stays close to over three-year high
LONDON (Reuters) -The pound ticked lower versus a broadly stronger dollar on Tuesday, yet remained close to a more than three-year high scaled on Monday as reduced bets on Bank of England rate cuts and some brighter economic data lifted the mood. At 1110 GMT, the pound was down 0.13% against the dollar at 1.35470., not far from the 1.359 it touched on Tuesday, its highest level against the greenback since February 2022. The dollar was stronger against a range of currencies on Tuesday as investors took comfort from U.S. President Donald Trump's decision to delay higher tariffs on the European Union while the yen weakened as Japanese bond yields slumped. But the pound has gained more than 8% againstthe dollar in 2025 amid erratic U.S. trade policy. Michael Brown, senior research strategist at Pepperstone said while the pound's recent strength is largely a dollar weakness story, there are a few idiosyncratic factors at play. "We did have a much more hawkish than expected May policy decision from the BoE, then compounding that we had hotter than expected UK inflation last week which has seen participants continuing to trim their bets on BoE easing this year." Last week's inflation print erased market expectations for a cut at the Bank of England's next meeting in June. Bets are now heavily weighted to the BoE keeping the rate steady, with 93.6% of traders expecting that outcome. The central bank slashed the bank rate by 0.25 percentage points to 4.25% on May 8. UK economic data has also proved more resilient than expected this year, said Brown. Figures published on Friday showed British retail sales jumped in April. Elsewhere, a survey from the British Retail Consortium on Tuesday showed British shop prices fell slightly overall this month but food price inflation accelerated. Against the euro, the pound was up 0.27% at 83.74 and now in its seventh consecutive week of gains against the single currency. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
27-05-2025
- Business
- Reuters
Sterling weakens versus dollar but stays close to over three-year high
LONDON, May 27 (Reuters) - The pound ticked lower versus a broadly stronger dollar on Tuesday, yet remained close to a more than three-year high scaled on Monday as reduced bets on Bank of England rate cuts and some brighter economic data lifted the mood. At 1110 GMT, the pound was down 0.13% against the dollar at 1.35470. , not far from the 1.359 it touched on Tuesday, its highest level against the greenback since February 2022. The dollar was stronger against a range of currencies on Tuesday as investors took comfort from U.S. President Donald Trump's decision to delay higher tariffs on the European Union while the yen weakened as Japanese bond yields slumped. But the pound has gained more than 8% against the dollar in 2025 amid erratic U.S. trade policy. Michael Brown, senior research strategist at Pepperstone said while the pound's recent strength is largely a dollar weakness story, there are a few idiosyncratic factors at play. "We did have a much more hawkish than expected May policy decision from the BoE, then compounding that we had hotter than expected UK inflation last week which has seen participants continuing to trim their bets on BoE easing this year." Last week's inflation print erased market expectations for a cut at the Bank of England's next meeting in June. Bets are now heavily weighted to the BoE keeping the rate steady, with 93.6% of traders expecting that outcome . The central bank slashed the bank rate by 0.25 percentage points to 4.25% on May 8. UK economic data has also proved more resilient than expected this year, said Brown. Figures published on Friday showed British retail sales jumped in April. Elsewhere, a survey from the British Retail Consortium on Tuesday showed British shop prices fell slightly overall this month but food price inflation accelerated. Against the euro, the pound was up 0.27% at 83.74 and now in its seventh consecutive week of gains against the single currency.
Yahoo
27-05-2025
- Business
- Yahoo
Treasuries Rally With Japan Bonds as MOF News Boosts Sentiment
(Bloomberg) -- A rally in Japan's bond market has spilled over to US Treasuries, as signs that Japanese authorities may look to re-establish stability after a tumultuous period fuel a spate of bond buying across global markets. NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy UAE's AI University Aims to Become Stanford of the Gulf NYC's War on Trash Gets a Glam Squad Pacific Coast Highway to Reopen Near Malibu After January Fires Yields on 10-year Treasuries fell by five basis points while those on 30-year bonds slid as much as eight basis points. The moves followed a plunge in long-term Japanese bond yields after the country's finance ministry sent a questionnaire to market participants regarding appropriate issuance amounts. Japan's 20-year yields dropped as much as 19.5 basis points to 2.31%, while 40-year yields declined 25 basis points. Some traders took the questionnaire as a sign that Japanese authorities are seeking to restore calm in the world's third-largest bond market, in part by cutting back bond supply in an attempt to cushion the blow of slowing demand. 'That potential lower issuance is giving Treasuries a nice helping hand,' said Michael Brown, strategist at Pepperstone Group in London. 'For those seeking to buy long-term debt, lower JGB supply could force them into the Treasury complex.' The finance ministry sent the questionnaire after a sale of 20-year debt last week got the weakest demand in more than a decade, fueling a painful period of bond selling in the market that exacerbated a global rout. Bond yields rose across developed markets last week as investors worried about the ability of governments to cover massive budget deficits, pushing 30-year Treasury yields toward levels last seen in 2007. Japan's bond market has also been squeezed by signs that the central bank may attempt to taper its huge holdings of government bonds further. The chance that Japan's government will reduce its bond supply goes at least some way to addressing the worries over demand. But it doesn't address wider concerns about government finances, raising the possibility that Tuesday's bond rally is only a brief pause in the tumult. 'The shift in issuance strategy is seen as a response to rising pressure from bond vigilantes — investors who push back against unsustainable fiscal policies — underscoring how markets can influence government debt management,' said Shier Lee Lim, lead FX and macro strategist at Convera Singapore. 'While short-term sentiment has improved, the increased reliance on shorter-dated issuance may lead to higher rollover risks over time.' Yields on 30- and 40-year Japanese bonds dropped further on Tuesday, paring some of their rise from last week. Long-term government bonds yields in Australia, New Zealand and elsewhere also fell as investors reacted to the news. (Updates throughout) Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Why Apple Still Hasn't Cracked AI How Coach Handbags Became a Gen Z Status Symbol Inside the First Stargate AI Data Center AI Is Helping Executives Tackle the Dreaded Post-Vacation Inbox ©2025 Bloomberg L.P. 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
