City Richmond Financial News

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Richmond Federal Reserve President Thomas Barkin said Wednesday that policymakers need to retain the option of raising interest rates if inflation doesn't show enough progress coming down.

Various brands of fresh-cut fruit are being recalled by Health Canada due to a possible salmonella contamination.

Arrowverse, has ignited fervor among fans eager to witness the Man of Steel's latest adventures. With the recent confirmation that Season 4 will be the series' swan song, anticipation has reached new heights. As the Arrowverse bids adieu, the release timeline has become a subject of speculation, intensified by the Hollywood writers' and actors' strikes. However, a recent filming update provides crucial insights, shedding light on when Superman & Lois enthusiasts can expect the premiere.

By Howard Schneider and Ann Saphir

Vancouver police have released new images of Randall Hopley, notorious convicted sex offender and fugitive sought Canada-wide for walking away from his Vancouver halfway house ahead of a court date.

Mean Girls' is ready to hit the screen. Paramount has released its first trailer. The infamous Regina George has been portrayed by Renee Rapp ('The Sex Lives of College Girls'). Casts include Auli’i Cravalho ('Moana'), Angourie Rice ('Mare of Easttown'), Christopher Briney ('The Summer I Turned Pretty') and Jaquel Spivey ('A Strange Loop').

A breakdown in contract negotiations has prompted plans by Rogers Communication Inc. to lock out nearly 300 former Shaw technicians on Monday after the union issued a 72-hour notice of workers’ intent to walk off the job.

A cooling job market gives the Federal Reserve room to keep interest rates on hold in December and reinforces market views that the central bank is done with the most aggressive hiking campaign in four decades.

By Michael S. Derby

J&J has talc cases set for trial everywhere from Pennsylvania to California between November and December 2024, some of which involve consolidated claims by more than a half-dozen plaintiffs, according to their lawyers. Those trials were scheduled after a judge in July threw out a J&J unit’s latest Chapter 11 case aimed at resolving all current and future talc claims. Since 2016, J&J has been hit with at least $570 million in damage awards over talc-related cancer claims and paid out at least $2.5 billion in settlements, according to data compiled by Bloomberg. “With all those trials staring them in the face, of course they want their unit to run back into bankruptcy,” said Carl Tobias, a University of Richmond professor who teaches about mass torts and has followed the talc cases.

Embattled A-League club Perth Glory will be run by Melbourne property developer Robert Brij and entrepreneur John Nekic, in a multimillion-dollar deal that will attempt to make the West Australian team financially viable.

The profit slump is over. Third-quarter earnings season is getting under way, and it will likely be much better than the second quarter’s for U.S. public companies.

(Reuters) — U.S. stock index futures fell on Thursday as investors awaited more data to gauge the strength of the labor market, while elevated Treasury yields still pointed to worries about high interest rates for a prolonged period.

Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday Fed rate rises have slowed the housing sector. When it comes to Fed policy actions, «I do believe that's lowered demand,» the official said in remarks given before the Money Marketeers of New York University. But he added a shift to work from home arrangements was helping to underpin the housing market, even as mortgage rates have moved much higher.

dollar held off a 10-month high on Friday as markets headed into the end of the quarter, giving the yen slightly more breathing room at the end of the week amid intervention concerns. The euro largely held its ground after rebounding overnight, but was still not far from its January low of $1.0482, which if broken would be the lowest since December. The dollar index, which tracks the currency against six other majors, was mostly flat in the Asian morning, on track for an 11th straight week of gains, after dipping as low as 106.020 overnight. The dollar gained on expectations that the U.S.

Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer U.S. interest rates ahead of a widely watched U.S.

Paramount Pictures has made exciting announcements for movie enthusiasts. A sequel to the successful horror film "Smile" is officially in the works for a 2024 release. Additionally, the highly-anticipated "Mean Girls" musical movie, based on the Tony-nominated Broadway production and the iconic 2004 film, will make its way to theaters instead of its initially planned streaming debut.

Former high-flying Melbourne football star Shaun Smith is determined to make the AFL pay, warning this week’s decision to clear Collingwood defender Brayden Maynard after a sickening collision with a rival player shows officials are still not taking concussion seriously enough.

Jewish Independent, after the war, Sinclair started the Sinclair Bros. Garage and Auto Wrecking in Richmond with his youngest brother Joe, and ended up bringing numerous family members to B.C.In the 1960s he moved to Los Angeles with his wife seeking a drier climate for health reasons, but eventually moved back to British Columbia.

Investing.com — All eyes are on Nvidia, with the chipmaker and AI darling set to release second quarter earnings after the close of U.S. trading on Wednesday. Meanwhile, Richmond Fed President Thomas Barkin raises the prospect of a «reacceleration scenario» in the American economy as central bankers from around the world prepare to congregate for a key economic symposium this week in Jackson Hole, Wyoming.