Jumbo Fed Rate Hike Is in Play as Powell Sticks to Hawkish View

(Bloomberg) — Federal Reserve Chair Jerome Powell said officials will not flinch in the battle to curb inflation, hardening expectations that they will deliver a third straight jumbo rate hike later this month. Most Read from Bloomberg “We need to act now, forthrightly, strongly as we have been doing,” Powell said Thursday in remarks at … Read more

Euro-Zone Inflation Hits Record as ECB Hawks Push Jumbo Hike

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Euro-area inflation accelerated to another all-time high, strengthening the case for the European Central Bank to consider a jumbo interest-rate hike when it meets next week. Consumer prices in the 19-nation currency bloc … Read more

How Jonas Vingegaard and Jumbo-Visma broke Tadej Pogacar’s stranglehold on the Tour de France

One of the beauties of the is the myriad ways in which it can be won. Sometimes a rider bullies from start to finish, like , who intimidated rivals with his presence and crushed them at every opportunity en route to Paris in 1981. Time-trial specialists mark rivals on the climbs and hurt them on … Read more

Tour de France: Tadej Pogačar admits he fell into Jumbo-Visma’s trap on the Col du Galibier

Velo News could not recover lost ground Thursday on Alpe d’Huez a day after his spectacular crack high in the French Alps at the Tour de France. In what was his first time up the famed climb, the two-time defending champion tried to attack twice on the upper reaches of Alpe d’Huez, but and Jumbo-Visma … Read more

Tour de France 2022, stage 12: Live updates as Jumbo-Visma protect yellow on road to Alpe d’Huez

Follow Telegraph Sport’s live commentary from 1pm (BST) 01:43 PM 117km to go Tom Pidcock is leading Chris Froome off the long and very fast descent off the Galibier, the Ineos Grenadiers rider has gained a minute on the maillot jaune, but suspect he is either thinking about challenging for the stage here today or, possibly, playing … Read more

Hong Kong’s iconic Jumbo Floating Restaurant capsizes at sea

HONG KONG (AP) — Hong Kong’s iconic Jumbo Floating Restaurant has capsized in the South China Sea less than a week after it was towed away from the city, its parent company said Monday. The restaurant encountered “adverse conditions” on Saturday as it was passing the Xisha Islands, also known as the Paracel Islands, in … Read more