Author: News Room

Iga Swiatek was one point away from being 1-5 down to Naomi Osaka in the deciding act of her fourth-round clash on Wednesday. The Pole had just been hammered 6-2 in the previous set and must have felt cooked by the power of the resurgent Japanese. Swiatek simply doesn’t get destroyed like that on her favorite court. Coming back from the brink is what champions do, and this was very much the last chink of the brink. The World No. 1 found a way to win as Osaka began to doubt herself at the wrong time. It’s almost as if…

Yes, I’ve been spoiled. And yes, that means I’ve always feared inside cabins. Cruises can be overstimulating and overwhelming. Private balconies are the only place I’ve gotten peace, quiet, and fresh air on some ships.So, unsurprisingly, I was dreading the interior cabin I had booked for my four-night Carnival Firenze cruise in mid-May. No fresh air? No cool ocean breeze? The horror! I expected a small, dark, moldy dungeon deprived of life, happiness, and light.Turns out, I was being a bit too dramatic. Who would’ve guessed? I’ll admit was pleasantly surprised. But before I get to the positives (spoiler alert:…

Ukrainian commanders are having to train new combat troops at the front due to training issues, but war experts say that even with the problems, it’s better than what the Russians do.While there’s the possibility of a decrease in the overall quality of the Ukrainian forces as new combat troops replace experienced troops at the front, especially as newly mobilized forces come into play, the quality is still likely to be higher, at least for the time being, than that of the Russians, war analysts from the Washington, DC-based Institute for the Study of War said.Ukrainian military officials recently told…

By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Bank of Russia is likely to keep its benchmark interest rate at 16% on Friday but tighten its rhetoric, a Reuters poll showed on Monday, although a quarter of economists leaned towards a hike as the bank grapples with stubborn inflation. The bank has become more hawkish in recent weeks, repeating several times that rates will need to stay high for a long time to bring inflation down to its 4% target. A disinflationary trend in Russia ended in April, the bank said last week. Eighteen of 24 analysts and…

DRAPER, Utah – HealthEquity Inc. (NASDAQ: HQY), the nation’s largest health savings account (HSA) custodian, reported a robust first quarter with earnings and revenue surpassing analyst expectations, propelling its shares upwards by 4% in response. The company’s adjusted EPS of $0.80 beat the consensus estimate of $0.66, while revenue for the quarter increased by 18% to $287.6 million, exceeding the consensus estimate of $277.66 million. The company’s financial success in the first quarter, ending April 30, 2024, was attributed to record HSA sales, enhanced rates adoption, and the timely transition of two of three BenefitWallet tranches. President and CEO Jon…

For more than 35 years, Michigan Central Station has lain dormant, towering above Detroit’s Corktown neighborhood as a harsh and stoic reminder of the city’s economic pain. The 18-story monolith that at one point was the tallest railroad station in the world had fallen derelict, its once opulent halls tattooed with graffiti, stripped for parts, and left scorched and broken. Ronald Butler, who had a 20-year career with the Detroit Fire Department, recalled responding to fires there after it closed in 1988. “We’ve always been known as the busiest firefighting department in the country,” Butler said. “A lot of that…

WTI backslid to $74.00 per barrel after OPEC+ failed to bolster Crude trader hopes. Voluntary production cuts are slated to be phased out beginning in October. OPEC voluntary cuts have kept 2.2 million bpd off the market since 2022. Crude Oil prices tumbled on Monday after an update on voluntary production cuts didn’t go how energy traders had hoped last week. The Organization of the Petroleum Exporting Countries (OPEC) and its extended network of non-member allies, OPEC+, announced the beginning of a phase-out of long-running production caps. The phase-out is slated to begin in October. OPEC+ has been participating in…

Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: General election season is well underway, and crypto companies are opening their checkbooks. A sign the bull market is truly upon us afterall, perhaps? A $1.6 trillion asset manager came out swinging in the ether ETF fee war, but a competitor could be positioned to one-up them. 109 As promised, President Joe Biden on Friday vetoed H.J.Res. 109 — a pro-crypto bill that attempted to overturn the SEC’s Staff Accounting Bulletin (SAB) 121. The veto…

How much to save for retirement”The 15% is just a goalpost,” with the understanding that everyone’s situation is different, said Mike Shamrell, vice president of thought leadership for Fidelity’s Workplace Investing. The right retirement savings rate depends on your age, expected retirement date, cash flow, projected Social Security income, pensions and retirement plans, among other factors.However, “if you can’t reach that 15%, at least try to contribute [enough] to get your full company match,” Shamrell said.If you can’t reach that 15%, at least try to contribute [enough] to get your full company match.Mike ShamrellVice president of thought leadership for Fidelity’s workplace…

Microsoft will lay off some employees who work on mixed reality, a spokesperson told CNBC on Monday. Although the cuts will affect the department that contributes to the HoloLens 2 augmented reality headset, Microsoft plans to continue selling the device.The reduction comes a year after the software maker said it would make changes to its hardware lineup as part of a round of layoffs that hit 10,000 employees, including some in mixed reality. In the following months, Microsoft discontinued several keyboard models, causing frustration for some dedicated customers.”Earlier today we announced a restructuring of the Microsoft’s Mixed Reality organization,” the…