Working with Alzheimer’s mouse models, human cells, and donated human brain tissue, researchers found that reducing levels of a molecule called PU.1 can shift microglia into a more protective mode. Microglia are immune cells that live in the…
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Minimally invasive management of penetrating thoracic and abdominal injuries: a case series | International Journal of Emergency Medicine
Parajuli P, Kumar S, Gupta A, Bansal VK, Sagar S, Mishra B, Singhal M, Kumar A, Gamangatti S, Gupta B, Sawhney C, Misra MC. Role of laparoscopy in patients with abdominal trauma at Level-I trauma center. Surg Laparosc Endosc Percutan Tech….
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Thank heavens for Fed Chair Jerome Powell
By Brett Arends
The latest jobs shock shows he’s been right all along
The Fed chair has refused to be intimidated.
The latest jobs numbers show, once again, just how right Federal Reserve Chair Jerome Powell has been all year long – and just how wrong President Donald Trump, Treasury Secretary Scott Bessent and others on Team MAGA have been.
The numbers show that the economy is much stronger than people realized. Companies are still hiring at a healthy rate. And inflation, as reported yesterday, has been ticking up lately, not down.
And that’s with the Fed holding short-term interest rates in a range of 3.75% to 4%.
Can you imagine where we would be if Trump had gotten his way earlier this year and the Fed had slashed short-term rates to “less than 1%”?
The likeliest scenario would be that inflation would be rocketing higher again and the bond market would be in a panic.
Stephen Miran, the administration’s guy on the Fed board, has been banging the table since he got there for bigger, faster cuts in short-term rates.
Bessent was urging the Fed to slash rates when he talked to Fox News’ Bret Baier this week.
But Powell has been telling the Trump administration to talk to the hand. He, with the support of most of his colleagues on the rate-setting Federal Open Market Committee, held the line until September. So far this year they have cut just twice, by a quarter-point each time. And Powell surprised the markets by warning that they might not cut rates again at their next meeting, set for December.
Thank heavens. Praise be.
In his impatience to get the Fed to slash short-term rates, Trump has engaged in an unprecedented campaign to pressure the central bank. This includes repeated public attacks on Powell and threats to fire him. (He probably can’t fire him without a strong cause.) He’s also trying to fire board member Lisa Cook, using Beria’s law (“Show me the man, and I’ll find you the crime”).
What Trump, Bessent, Miran and others are not telling the MAGA army is that Powell has been cutting rates.
Successfully. All year.
Longer-term rates. The ones that matter most for the economy.
The yield, or interest rate, on the 10-year Treasury note BX: TMUBMUSD10Y peaked at 4.83% in January, just before Trump took office. One good reason for that was widespread concern and uncertainty about what a second Trump term might mean for government spending and Fed independence. Many would-be bond purchasers were worried that Trump might do what he has in fact been trying to do all year – get control of the Fed and slash short-term interest rates.
If you don’t believe me, look at what happened in July. When Trump fueled fears he was about to fire Powell, the bond market panicked, and the yield on 10-year Treasurys jumped a quarter-point in the span of a couple of days.
But overall since January, the 10-year Treasury yield has trended down, to just 4.1% now.
Bonds are like seesaws: The yield falls when the price rises. Investors have been bidding up the price of Treasury bonds this year, slashing the yield, as their confidence has grown that the Federal Reserve is determined to squeeze inflation out of the system.
You wouldn’t lend Uncle Sam your money for 10 years at, say, 4% interest if you thought inflation was going to be 4% a year over that time. But you might if you believed the Fed was going to bring inflation down to, say, 2% and keep it there.
Inflation is the enemy of retirees and others who need to live off their savings. But it’s also bad for the rest of the economy. So we should all be grateful that we have a Federal Reserve chair who has refused to be intimidated.
-Brett Arends
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
11-22-25 1324ET
Copyright (c) 2025 Dow Jones & Company, Inc.
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Intel’s “Panther Lake-H” Engineering Samples Surface in Early Testing
Newly surfaced images have revealed pre-release validation hardware for Intel’s upcoming “Panther Lake-H” mobile processor line, giving us some of the first concrete looks at the company’s newest CPU. The photographs show a development system…Continue Reading
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Portugal says only Europe’s three largest airlines showed interest in TAP privatisation
LISBON, Nov 22 (Reuters) – Portugal’s state holding company Parpublica said on Saturday it had received only three expressions of interest in a minority stake in flag carrier TAP, all from Europe’s largest airlines and none from outside the EU, falling short of government hopes.
British Airways owner IAG (ICAG.L), Air France-KLM (AIRF.PA) and Germany’s Lufthansa (LHAG.DE) had already announced that they had formally submitted expressions of interest.Sign up here.
Portugal relaunched the long-delayed privatisation of TAP in July, seeking to sell a 44.9% stake to an airline capable of boosting the company’s global scale and competitiveness, with a further 5% to be offered to TAP employees.Prime Minister Luis Montenegro said in July that the government expected TAP’s privatisation to also draw interest from major airlines outside the European Union, citing the carrier’s untapped potential.The deadline for airlines to formally express interest closed on Saturday at 1700 GMT.
Parpublica said in a statement it has until December 12 to assess whether the interested airlines meet the criteria, including at least one year of revenue above 5 billion euros in the last three years and financial capacity.
Non-binding offers are due by mid-March, followed by binding offers detailing price and a strategic plan for TAP. The privatisation is expected to be completed in the second half of 2026.
TAP’s most attractive assets are its connections to Brazil, Portuguese-speaking African countries and the United States from its Lisbon hub, which the government wants to keep and expand.
Bernstein analysts valued TAP’s 44.9% stake at least 700 million euros ($810 million), based on a full airline valuation of 1.5 billion euros. They said this represents a roughly 25%–30% premium over European peers, justified by TAP’s strategic upside.
($1 = 0.8687 euros)
Reporting by Sergio Goncalves; Editing by Toby Chopra
Our Standards: The Thomson Reuters Trust Principles.
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Granollers/Martinez send Spain to title match at Davis Cup Finals – ATP Tour
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$299 Pixel Watch 4, boosted Pixel 10 trade-ins
The Google Store has kicked off its 2025 Black Friday deals, with these Pixel offers available until December 2-6.
Pixel 10
The Pixel 10 series deals are available until December 6, 2025 at 11:59 p.m. PT. It starts with…
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