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  • Aug 15, 2024

Feds announce funding push for ropeless fishing gear that spares rare whales

New efforts to convert some types of commercial fishing to ropeless gear that is safer for rare whales will be supported by millions of dollars in funding, federal authorities said. Federal fishing managers are promoting the use of ropeless gear in the lobster and crab fishing industries because of the plight of North Atlantic right whales. The whales number less than 360, and they face existential threats from entanglement in fishing gear and collisions with large ships.

  • Aug 15, 2024

Emerging-Market Currencies Slip After US Retail Sales Beat

(Bloomberg) -- Developing-nation currencies trimmed weekly gains after data underscoring the resiliency of the US economy cooled bets on an outsize interest-rate cut by the Federal Reserve next month. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitA

  • Aug 15, 2024

Fed Chair Powell to headline next week's Jackson Hole meet

The annual gathering of global central bankers offers Powell a chance to give an updated assessment of the U.S. economic trajectory and the outlook for monetary policy, midway between the central bank's July and September policymaking meetings. Last month he said that if inflation and the labor market continues to cool, an interest rate cut could be on the table at the Fed's next meeting. The Fed has held its policy rate in the 5.25% to 5.50% range for more than a year now to slow economic growth and keep downward pressure on inflation.

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