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More news - News 24 hours Lifelong friends Martin Schwartz and Matthew Mandel enjoy a rare sports moment as the Miami teams compete for championships. Martin Schwartz and Matthew Mandel are living a dream come true. The longtime friends and South Florida residents hit it big with the Miami Heat and Florida Panthers both making it to the finals, competing for NBA and NHL titles simultaneously. Schwartz and Mandel, who have shared season tickets with both teams for years, have seen their fair share of ups and downs. They've endured tough seasons, like the Heat's 15-win campaign in 2007-08, and…

More news - Latest news The Federal Reserve's preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending - good news for central banks as they aim to control rising prices and curb demand. In May, the personal consumption expenditures (PCE) index rose 2.6% from a year earlier, meeting economists’ expectations and down slightly from April’s 2.7% increase. Excluding the more volatile food and fuel prices, core inflation also rose 2.6% year-over-year, down from April’s 2.8%. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing any significant increases. The Federal…

Related media - Latest news Shahjahan Bhuiya, who became famous for executing some of Bangladesh's most infamous criminals in exchange for reduced sentences for his own crimes, and later gained brief fame on TikTok, died on Monday in Bangladesh's capital, Dhaka. The National Police announced on Tuesday that the cause of his death, which occurred in hospital, had not yet been confirmed. Abul Kashem, Bhuiya's owner, said he took Bhuiya to the hospital on Sunday after Bhuiya felt chest pains. Bhuiya told local media last year that he was 74, but his national identity card, provided by Kashem, indicated that…

More news - Recent news Employers created 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That's an increase from the average of 232,000 jobs over the previous 12 months, muddying the picture of an economy that is relaxing to a more sustainable pace. Most worrying for the Federal Reserve, which meets next week and then again in July, is that wages rose 4.1% from a year ago, a sign that inflation may not yet be defeated. “For those who thought they would see a rate cut in July,…