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Atlanta Fed President: There are 'definitely merits' to reparations

Video Credit: Bleacher Report AOL - Duration: 04:29s - Published
Atlanta Fed President: There are 'definitely merits' to reparations

Atlanta Fed President: There are 'definitely merits' to reparations

Raphael Bostic, the first Black Fed president, says racism continues to hurt the economy and discusses the benefits of reparations.


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Atlanta Atlanta Capital city of Georgia, United States

Mariah The Scientist Arrested for Brawl in Atlanta Lounge

Mariah The Scientist was arrested and booked in Atlanta Wednesday night ... after a woman told cops Mariah laid down a savage beating for no apparent reason..
TMZ.com
Crash On Set of New Eddie Murphy, Keke Palmer Film, "Several" Crew Members Injured | THR News Video [Video]

Crash On Set of New Eddie Murphy, Keke Palmer Film, "Several" Crew Members Injured | THR News Video

An accident on the set of an upcoming heist film starring Eddie Murphy and Keke Palmer has injured several crew members. The Hollywood Reporter has confirmed the incident happened on the set of Amazon MGM Studios' upcoming film 'The Pickup' starring Murphy and Palmer, which is shooting in Atlanta, on Saturday. Per an Amazon MGM Studios spokesperson, the accident occurred during a second unit action sequence that had previously been rehearsed. The spokesperson stated, "Unfortunately, the sequence did not go as planned and several members of the crew were injured as a result."

Credit: The Hollywood Reporter    Duration: 01:10Published
This Day in History: Hank Aaron Breaks Babe Ruth’s All-Time Home Run Record [Video]

This Day in History: Hank Aaron Breaks Babe Ruth’s All-Time Home Run Record

This Day in History: , Hank Aaron Breaks Babe Ruth’s All-Time Home Run Record. April 8, 1974. Aaron hit his 715th home run to earn the new record in front of a crowd of 53,775 in Atlanta. He hit the record-breaking homer off a pitch from LA Dodgers' Al Downing. The extraordinary achievement would remain in place until 2007. Aaron made his major league debut with the Milwaukee Braves in 1954. Over the span of his 23-year career, Aaron played for the Braves in both Milwaukee and Atlanta. He ended his career with the Milwaukee Brewers. When he retired in 1976, he had 755 home runs. He was inducted into the Baseball Hall of Fame in 1982

Credit: Wibbitz Top Stories    Duration: 00:56Published
This Day in History: Martin Luther King Jr. Is Assassinated [Video]

This Day in History: Martin Luther King Jr. Is Assassinated

This Day in History: , Dr. Martin Luther King Jr. Is Assassinated. April 4, 1968. King was shot and killed as he stood on the second-floor balcony of the Lorraine Motel in Memphis, TN. The “apostle of nonviolence” had gone to Memphis in support of a sanitation workers' strike. Widely recognized as the most prominent face of the American Civil Rights Movement, Dr. King was just 39 years old. In a prophetic speech the night before his murder, King stated that, “I’ve seen the promised land. I may not get there with you.". Petty criminal James Earl Ray was arrested two months later and eventually pleaded guilty to King's assassination. After being sentenced to 99 years in prison, Ray recanted his confession. Questions of a conspiracy to assassinate Dr. King continue to linger. King's death sparked riots in more than 100 American cities. On April 9, tens of thousands of mourners lined the streets of Atlanta to pay their respects on the day King was laid to rest

Credit: Wibbitz Top Stories    Duration: 01:07Published
'Curb Your Enthusiasm' Plot Gets Attention From Georgia Secretary of State, Sends Letter to Larry David | THR News Video [Video]

'Curb Your Enthusiasm' Plot Gets Attention From Georgia Secretary of State, Sends Letter to Larry David | THR News Video

'Curb Your Enthusiasm' has captured the attention of Georgia's Secretary of State. The season premiere of the final season of the HBO comedy featured Larry David being arrested for violating Georgia's election integrity law for giving his friend Leon Black's aunt a bottle of water while she waited in line to vote on a hot day in Atlanta. He's now facing a looming trial on the series. The storyline must have made its way to the state capitol, because last month Georgia's Secretary of State, Brad Raffensperger, sent a letter to David addressing the plotline about the 2021 voting law.

Credit: The Hollywood Reporter    Duration: 01:52Published

Federal Reserve Federal Reserve Central banking system of the US

US interest rates held again after three months of disappointing inflation data

The US central bank, known as the Fed, has again kept interest rates high - at 5.25% to 5.5%.
Sky News
Key Federal Reserve Inflation Gauge Rose 2.8% in March [Video]

Key Federal Reserve Inflation Gauge Rose 2.8% in March

Key Federal Reserve Inflation Gauge , Rose 2.8% in March. According to Commerce Department data released on April 26. the personal consumption expenditures (PCE) price index, not including food or energy, rose 2.8% year-over-year in March. . That exceeded Dow Jones estimates of 2.7%, CNBC reports. . When also accounting for food and energy, the all-items PCE measure rose 2.7%, which was above the 2.6% estimate. Inflation reports released this morning were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC. ... but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC. The prospects of rate cuts remain, but they are not assured, and the Fed will likely need weakness in the labor market before they have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC. Consumers continue to spend despite higher prices, CNBC reports. Personal spending increased 0.8% in March, while personal income rose 0.5%. The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living. The Fed continues to target 2% inflation, which the core PCE has exceeded for the last three years, CNBC reports.

Credit: Wibbitz Top Stories    Duration: 01:30Published
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points [Video]

Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points

Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. By mid-afternoon, the Dow had fallen 1.4%, the S&P 500 went down 1.6%, and the Nasdaq dropped 1.8%. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The warning comes after Iran accused Israel of a deadly airstrike on a consulate in Damascus, Syria. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . Brent crude futures jumped up to $90.42 a barrel, and West Texas Intermediate crude futures increased to $86.65 a barrel. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. CNN reports that Americans' opinions of the economy have dipped in the past few months amid persistently high inflation. The geopolitical fears come as investors are already contending with concerns that the Federal Reserve could wait to bring interest rates down from a 23-year high. Officials at the Fed have signaled that further rate hikes could still be on the way if the central bank's efforts to fight inflation stall.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Federal Reserve Posts Massive $114 Billion Loss in 2023 [Video]

Federal Reserve Posts Massive $114 Billion Loss in 2023

Federal Reserve Posts Massive, $114 Billion , Loss in 2023. On March 26, the Federal Reserve announced a record-breaking net negative income of $114.3 billion in 2023. Reuters reports that the loss follows $58.8 billion in net income in 2022. . Since releasing the numbers, the Fed has stressed that negative net income does not impede its ability to operate. Since releasing the numbers, the Fed has stressed that negative net income does not impede its ability to operate. As a result of low rates and large levels of bond holdings, the Fed has earned significant profits in recent years. Last year, the Fed's audited interest expenses for banks' reserve balances reached $176.8 billion, an increase of over $116 billion from 2022. In 2023, the Fed's interest payouts from its reverse repo facility were $104.33 billion, increased from $41.9 billion the year before. Reuters reports that the Fed creates funds when dealing with operating losses, capturing its loss in an accounting device known as a deferred asset. Reuters reports that the Fed creates funds when dealing with operating losses, capturing its loss in an accounting device known as a deferred asset. At the close of 2023, the deferred asset stood at $133.3 billion. As of March 20 of this year, that number had risen to $157.8 billion with no indication of how much larger it could get. Last year, a St. Louis Fed report forecast that it could take years before the Fed can return to profitability and reduce the country's deferred asset. Last year, a St. Louis Fed report forecast that it could take years before the Fed can return to profitability and reduce the country's deferred asset

Credit: Wibbitz Top Stories    Duration: 01:30Published
Biz Pulse: Upward Trend in Equity Markets, US Federal Reserve Announcement and Gold Price| Oneindia [Video]

Biz Pulse: Upward Trend in Equity Markets, US Federal Reserve Announcement and Gold Price| Oneindia

In this Biz Pulse episode, we delve into market updates and the US Federal Reserve's announcement. Indian ADRs witness a decline, while IT stocks garner attention. Equity markets are on an upswing, while gold prices surge. Stay tuned for insights into these trends shaping the financial landscape. #ADRStocks #ITMarket #StockMarket #Sensex #Nifty #IndianStocks #USStocks #USStockexchange #Businessnews #Worldnews #Oneindia #Oneindianews ~HT.178~PR.282~ED.101~GR.124~

Credit: Oneindia    Duration: 07:19Published