Author: Jamie Carpenter

A New Era for Newcastle Newcastle Falcons have officially entered a transformative chapter after being acquired by Red Bull, rebranding as the Newcastle Red Bulls. The takeover triggered immediate excitement, with more season tickets sold in a single day than during the entire previous season. The move positions Newcastle for growth both on and off the field, while aligning with Red Bull’s diverse sports portfolio, which includes Formula One, football clubs, and extreme sports ventures. Why Newcastle Was the Perfect Fit The acquisition was led by Red Bull’s London office after two years of exploring opportunities in rugby. Newcastle emerged…

Jacklyn Gise Bezos remembered for resilience and dedication Amazon founder Jeff Bezos announced Thursday that his mother, Jacklyn Gise Bezos, has died at the age of 78 after a long battle with Lewy body dementia. She passed away at her Miami home surrounded by family, according to the Bezos Scholars Program, a foundation she co-founded with her husband, Mike Bezos. A life marked by perseverance Born in Washington, D.C., Gise Bezos became a mother to Jeff at 17 while living in Albuquerque, New Mexico. As a young single parent, she balanced night school with a bank job, where she met…

Third-quarter results beat estimates despite declines John Deere has warned that tariffs may cost the agricultural machinery manufacturer up to $600 million in fiscal 2025. The company’s fiscal third-quarter earnings beat Wall Street forecasts on both revenue and profit, but net income fell 26% to $1.29 billion from $1.73 billion a year earlier, and total net sales dropped 9% to $12.02 billion. Shares fell around 7% in midday trading after the announcement. Tariffs weigh heavily on performance Director of Investor Relations John Beal told analysts that tariff costs totaled $200 million in the third quarter, bringing the year-to-date figure to…

Operations halted as labor dispute escalates Air Canada began canceling flights Thursday in anticipation of a possible strike by roughly 10,000 flight attendants, a move that could disrupt travel for more than 130,000 passengers daily. The union issued a 72-hour strike notice Wednesday, prompting the airline to respond with a lockout notice. Chief Operations Officer Mark Nasr confirmed that Air Canada and Air Canada Rouge services would be gradually suspended, with all flights paused by early Saturday morning. Mass cancellations and passenger impact The initial wave of cancellations targeted long-haul overseas flights scheduled for Thursday night. By Friday evening, disruptions…

Bond market reacts to lower-than-expected price growth U.S. Treasury yields declined on Wednesday as investors assessed July’s inflation report and its implications for monetary policy. The 10-year Treasury yield fell 6 basis points to 4.231%, the 2-year yield dropped 5 basis points to 3.681%, and the 30-year yield declined 6 basis points to 4.821%. Yields move inversely to prices, and one basis point equals 0.01%. The pullback in yields came as data showed consumer prices rising only slightly in July, easing fears that tariffs were significantly accelerating inflation. Traders are now pricing in a nearly 96% chance of a Federal…

Stock drops ahead of IPO lock-up expiration CoreWeave’s stock fell 17% on Wednesday after the AI data center operator reported a larger loss than Wall Street anticipated. In its second quarterly report as a public company, the New Jersey-based firm posted an adjusted loss of 27 cents per share, compared to analysts’ expectations of a 21-cent loss, according to LSEG data. The decline comes just before the expiration of its IPO lock-up period on Thursday evening, which could add further volatility. This restriction prevents insiders from selling shares for a set period after the company’s public debut. Analysts at Stifel…

Confidence improves, but risks weigh on outlook U.S. small-business sentiment improved in July, with owners more positive about current conditions but increasingly wary about the future. The National Federation of Independent Business reported Tuesday that its Small Business Optimism Index rose 1.7 points to 100.3, reflecting better views on expansion opportunities and overall business climate. Despite the rebound, the survey’s Uncertainty Index surged eight points to 97, its highest in over a year. The NFIB attributed the growing unease to rising tariffs, persistent inflation, and geopolitical tensions, including the conflict in Gaza. Such factors, the group said, are clouding decision-making…

Inflation pressures remain uneven U.S. consumer prices rose modestly in July, but stronger gains in certain services and tariff-sensitive goods raised questions about whether the Federal Reserve will cut interest rates at its September 16–17 meeting. The Consumer Price Index increased 0.2% from June, in line with forecasts, while core CPI — which excludes food and energy — rose 0.3%, its sharpest monthly gain since January. The Bureau of Labor Statistics reported notable price jumps in healthcare, airline fares, and dental services, with the latter seeing a record 2.6% surge. Tariffs contributed to higher costs for household furnishings, footwear, and…

Federal authority asserted over capital’s policing President Donald Trump has ordered National Guard troops onto the streets of Washington, D.C., and placed the city’s Metropolitan Police Department under federal command. Announcing the decision from the White House, Trump described it as an effort to address what he called an epidemic of crime and homelessness in the nation’s capital. The police force will now be overseen by a federal leadership team, which Trump described as “tough” and “very good people.” Crime data tells a different story The move has stirred sharp opposition from local officials, who point to federal data showing…

High-stakes meeting ahead This Friday, Alaska will host a rare and closely watched encounter between U.S. President Donald Trump and Russian President Vladimir Putin. The discussion, according to Trump, will serve as a litmus test for whether Moscow is prepared to move toward ending its war in Ukraine, now approaching its fourth year. Trump has signaled that his judgment on the matter will come quickly once the conversation begins. Possible outcomes on the table The U.S. leader hinted that the talks could lead either to renewed confrontation or to the start of a negotiated settlement. He also acknowledged that any…