Amazon signs deal with DirecTV to air Thursday Night Football in bars and restaurants

Sports reporter Josh Schafer details the deal Amazon secured with DirecTV to air NFL Thursday Night Football games in bars and restaurants. Read More...


Fed to slow to 50 bps hike in September; recession worries grow: Reuters poll

The U.S. Federal Reserve will raise rates by 50 basis points in September amid expectations inflation has peaked and growing recession worries, according to economists in a Reuters poll, who said the risks were skewed towards a higher peak. Still around a four-decade high, inflation eased last month, driving Fed funds futures to narrowly switch their pricing to a 50 basis point hike in September after 75 basis point moves in June and July. Most economists in an Aug. 16-19 Reuters poll predicted a half percentage point hike next month, the same as in the last poll, which would take the key interest rate to 2.75%-3.00%.

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