Roundup: Angel Reese / Fed rate cuts / Chase Bank
Moving on: LSU’s Angel Reese will enter the WNBA draft after two whirlwind seasons with the Lady Tigers. Reese announced her decision on Wednesday with a photo shoot for fashion magazine Vogue—inspired by Serena Williams announcing her retirement with a Vogue photo shoot in 2022. Read more from Vogue. Still on track: The Federal Reserve […] The announcement of LSU's Angel Reese's decision to enter the WNBA draft was made in a photo shoot for fashion magazine Vogue, inspired by Serena Williams' retirement announcement. The Federal Reserve is expected to reduce its benchmark interest rate later this year, according to Chair Jerome Powell. Despite recent reports showing strong economic performance and rising inflation, most Fed officials believe it is likely to be appropriate to reduce the key rate. JPMorgan Chase is also introducing a new unit to allow marketers to target Chase customers with targeted deals and discounts based on their spending history. Other companies like Best Buy and Uber have also begun selling ad space on their apps, websites, and other properties to generate revenue outside of their core businesses.
Published : 4 weeks ago by Daily Report Staff in Finance
Moving on: LSU’s Angel Reese will enter the WNBA draft after two whirlwind seasons with the Lady Tigers. Reese announced her decision on Wednesday with a photo shoot for fashion magazine Vogue—inspired by Serena Williams announcing her retirement with a Vogue photo shoot in 2022. Read more from Vogue.
Still on track: The Federal Reserve will likely reduce its benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February. Most Fed officials still “see it as likely to be appropriate” to start cutting the key rate “at some point this year,” he says. Read more from The Associated Press.
Selling ad space: JPMorgan Chase on Wednesday said a new unit will let marketers tempt Chase customers with targeted deals and discounts related to their spending history. Chase joins a variety of businesses from Best Buy to Uber that have begun selling ad space on their apps, websites and other properties, often targeting messages by using their shopper and user data to generate revenue outside of their core businesses. Read the full story from The Wall Street Journal.