Latest news with #Waller
Newsweek
an hour ago
- Entertainment
- Newsweek
Former NFL Star Darren Waller Reveals New Details on Abandoning $32 Million
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Former Baltimore Ravens, Las Vegas Raiders, and New York Giants star tight end Darren Waller walked away from the NFL after only eight seasons. Following his shock retirement, the former Pro Bowl talent began to pursue a career in music. More news: Dolphins' Jalen Ramsey Drops Major Hint at Next Team With Social Media Now, Waller has revealed more details about walking away from the NFL, including losing out on the $32 million contract the Giants offered him. Waller joined "The Zac Clark Show," where he discussed that he would have made $32 million over the next three seasons, had he remained in the league. Even worse is he also reveals he had to pay the Giants money to actually walk away from his contract. "The next three years would have been like $32 million ... And I had to write a check to walk away. I had to write $750,000 in bonus money to the Giants to walk away. Success and validation and s*** like that took the forefront. I poured it all into making football work ... this is another opportunity for me to like say this is the life that I'm choosing I want to live like. This is an opportunity for me to receive that but also not let it dictate what I feel I need to be doing." LAS VEGAS, NEVADA - JANUARY 07: Foster Moreau #87 and Darren Waller #83 of the Las Vegas Raiders walk off at Allegiant Stadium on January 07, 2023 in Las Vegas, Nevada. LAS VEGAS, NEVADA - JANUARY 07: Foster Moreau #87 and Darren Waller #83 of the Las Vegas Raiders walk off at Allegiant Stadium on January 07, 2023 in Las Vegas, news: 49ers' George Kittle Sends Warning to NFL Over Return of DC Robert Saleh Waller had a breakout year in 2019 with the Raiders, when he put together a campaign that included 1,145 yards and three touchdowns. He would follow that up with another 1,196 yards and nine touchdowns in 2020, leading to his lone Pro Bowl nod. Waller ended his eight-season career in the NFL with 4,124 yards, 20 touchdowns, 350 receptions, and an 11.8 yards per catch average. Though he had an up-and-down start to his professional career, including being suspended for the 2017 season for violating the substance-abuse policy, Waller was considered to be a top tight end in the NFL. Interestingly, he began his career as a wide receiver, but had trouble making headway on a stacked Ravens squad. Ravens head coach John Harbaugh announced in 2016 that Waller would convert to the tight end position, leading to his resurgence as a pass catcher. Following his shock retirement from the NFL, Waller released a song called "Who Knew," which is reportedly about his ex-wife, WNBA star Kelsey Plum. More NFL: Bold Prediction Has Shocking Team Unseating Chiefs in the AFC For more on the Ravens, Raiders, and NFL, head to Newsweek Sports.
Yahoo
3 hours ago
- Sport
- Yahoo
Darren Waller Reuniting With Raiders Amid Retirement
Darren Waller Reuniting With Raiders Amid Retirement originally appeared on Athlon Sports. Darren Waller's peak with the Las Vegas Raiders was very short, but he reached tremendous heights. There was a two-year stretch where he caught 197 passes for 2,341 yards. Advertisement Unfortunately, it didn't last, and he was eventually traded to the New York Giants. He only played one season with the team before deciding to retire. Waller planted roots in Las Vegas, and while he has no desire to play football anymore, he's getting involved with the Raiders again. According to Vincent Bonsignore of the Las Vegas Review-Journal, Waller has been added to the Raiders' roster for the Battle for Vegas softball game against the Golden Knights on July 12. Las Vegas Raiders TE Darren Ramirez-Imagn Images It hasn't been announced who else will be on the Raiders' roster, but tight end Brock Bowers will be playing. Bowers and Waller never got a chance to play on the NFL field together, but they'll be able to play some softball. Advertisement Maxx Crosby has been involved in previous years, so it stands to reason he could be back. Punter AJ Cole has also participated in the past. Waller played in the game in 2021 and 2022, so this will be a bit of a homecoming for him. The Golden Knights team is being led by Jack Eichel. The Las Vegas sports scene has exploded in recent years, but the Raiders are still having a difficult time building a local fan base. Events like this will help endear the team to the locals. It would be fun to see new head coach Pete Carroll out there. Related: Ashton Jeanty Details First Impression of Raiders QB Geno Smith: Exclusive Related: Ex-Raiders HC Jon Gruden Reacts to Damon Arnette News This story was originally reported by Athlon Sports on Jun 19, 2025, where it first appeared.
Mint
3 hours ago
- Business
- Mint
Yields fall on Iran concerns, Waller says Fed should cut rates
Iran war concerns boosts demand for Treasuries Trump to decide on Iran response in next two weeks Fed's Waller says bank should consider cutting rates (Updated in New York afternoon time) June 20 (Reuters) - U.S. Treasury yields fell on Friday as concerns over the conflict in Iran boosted demand for safe haven bonds and after Federal Reserve Governor Christopher Waller said the U.S. central bank should consider cutting rates at its next meeting. Demand for Treasuries ebbed earlier in the session on optimism that the U.S. would find a diplomatic solution to the Israel-Iran conflict. The White House said on Thursday that President Donald Trump will decide on potential U.S. involvement in the next two weeks. But that sentiment soon faded and markets turned more risk averse. Iran said on Friday it would not discuss the future of its nuclear program while under attack by Israel. U.S. markets are catching up after being closed on Thursday for the federal Juneteenth holiday. Fed funds futures traders, meanwhile, raised bets that the U.S. central bank will cut rates by 50 basis points this year following comments by Waller. They are now pricing in 51 basis points of cuts by December, up from 46 basis points earlier on Friday. Waller said that an imminent rate cut was merited given recent tame inflation data and the fact that any price shock from import tariffs will be "There has been a marginal upward shift in Fed rate cut bets following Governor Waller's dovish comments and some further weakening in data," said analysts at Action Economics. A measure of future U.S. economic activity fell in May for the and triggered a recession signal, held down by consumer pessimism, weak new orders for manufactured goods, an uptick in jobless benefits claims and a drop in building permit applications. The Fed held interest rates steady and policymakers signaled borrowing costs are still likely to fall in 2025 on Wednesday. But Fed Chair Jerome Powell cautioned against putting too much weight on that view, and said he expects "meaningful" inflation ahead as consumers pay more for goods due to the Trump administration's planned import tariffs. The yield on benchmark U.S. 10-year notes was last down 2 basis points at 4.375%. The interest-rate-sensitive 2-year note yield fell 3.5 basis points to 3.906%. The yield curve between 2-year and 10-year notes steepened by around 2 basis points to 47 basis points. The Treasury Department will sell $183 billion in short- and intermediate-dated coupon-bearing debt next week, including $69 billion in two-year notes on Tuesday, $70 billion in five-year notes on Wednesday and $44 billion in seven-year notes on Thursday. (Reporting by Karen Brettell Editing by Rod Nickel and Marguerita Choy)
Yahoo
4 hours ago
- Business
- Yahoo
Will the Fed Cut Interest Rates Soon? One Official Thinks So.
Federal Reserve Gov. Christopher Waller told CNBC that the Fed could cut interest rates as early as its next meeting. Waller said he didn't anticipate a spike in inflation from tariffs, and an interest rate cut at the next meeting could help stabilize the labor market. President Donald Trump has been critical of the Federal Reserve for not cutting rates, putting pressure on Chair Jerome Powell to the Federal Reserve will cut interest rates more quickly than investors think. Federal Reserve Gov. Christopher Waller told CNBC on Friday that he didn't believe inflation would rise significantly under President Donald Trump's tariffs on U.S. trading partners. Waller said the Fed could cut its key federal funds rate as early as its next meeting in late July. Fed officials have hesitated to cut the fed funds rate from higher-than-usual levels so far this year. They say they're waiting to see if retailers passing along the cost of Trump's tariffs to customers will reignite inflation. However, Waller pointed to lower-than-expected inflation data and other positive trends in economic growth such as a steady unemployment rate. 'I think we have room to bring [the fed funds rate] down, and then we can see what happens with inflation,' Waller said. Earlier this week, the Federal Reserve's policy committee held its influential interest rate at the same level it's been at since December. None of the 12 voters, including Waller, supported a cut. Projections released Wednesday indicated Fed officials may be split on what comes next. More than one-third of the committee forecast no rate cuts this year, while a similar number of members anticipate they'll cut two or more times. Three more Fed officials believed they wouldn't cut rates at all this year compared to the last time the committee published projections. Most investors believe the Federal Reserve will continue to hold interest rates at their current level next month. The CME FedWatch Tool, which projects the direction of interest rates based on trading of Fed funds futures, indicates investors are pricing in only a 15% chance the Fed will cut rates when it meets on July 30. Read the original article on Investopedia Sign in to access your portfolio
New York Post
5 hours ago
- Business
- New York Post
Fed divided over whether to slash interest rates in July
Federal Reserve officials are signaling a widening divide over when to begin cutting interest rates, with Governor Christopher Waller pushing for a reduction as soon as next month — while Richmond Fed President Thomas Barkin is warning that tariff-driven inflation risks still loom large. 'I think we're in the position that we could do this as early as July,' Waller told CNBC's 'Squawk Box' on Friday. 'That would be my view, whether the committee would go along with it or not.' Waller argued that inflation has cooled enough to justify easing monetary policy and downplayed concerns over Trump-era tariffs. 'It should be a one-off level effect and not cause persistent inflation,' he said. 4 Federal Reserve Governor Christopher Waller signaled Friday that the central bank could begin easing interest rates as early as next month. REUTERS 4 Richmond Fed President Thomas Barkin is warning that tariff-driven inflation risks still loom large. REUTERS Barkin took a more cautious tone, telling Reuters: 'I don't think the data gives us any rush to cut…I am very conscious that we've not been at our inflation target for four years.' He pointed to ongoing uncertainty over trade policy, telling Reuters: 'There will be some inflationary impact. It's hard to know how much.' A Federal Reserve governor is a nationally appointed official who always votes on monetary policy. The president of a regional Fed bank, such as Richmond, votes on a rotating basis and focuses on regional conditions. Barkin noted the labor market remains solid and consumer spending is steady. 'Nothing is burning on either side such that it suggests there's a rush to act,' he said. His comments came just after the Fed released its latest Monetary Policy Report to Congress, which acknowledged that inflation is 'somewhat elevated' and trade policy impacts are 'highly uncertain.' Consumer spending, Barkin said, is 'holding up fine. It's not frothy. It's not weak.' Employers, he added, are still in a 'low-hiring-low-firing' posture. The central bank held its key rate steady this week. Projections showed a near-even split: 10 officials see two or three cuts in 2025; nine see one or none. 'There are two perfectly reasonable views that are articulated there,' according to the Richmond fed boss. Waller urged a cautious start. 'You'd want to start slow and bring them down, just to make sure that there's no big surprises. But start the process. That's the key thing,' he told CNBC. Markets showed mixed signals Friday. As of 1:01 PM EDT, the Dow Jones rose 118.13 points (0.28%) to 42,289.79. The S&P 500 edged down 0.67 points to 5,980.20, and the Nasdaq slipped 54.82 points (0.28%) to 19,491.45. 4 Fed Chair Jerome Powell said this week that the central bank would keep interest rates steady. Getty Images 4 President Trump has been agitating for the Fed to lower interest rates for months. AP Trump has called for steep rate cuts to ease pressure on the $36 trillion national debt, recently labeling Fed Chair Jerome Powell 'stupid' and a 'numbskull.' Still, Powell and others have maintained a cautious stance, emphasizing a wait-and-see approach. 'We've been on pause for six months, thinking that there was going to be a big tariff shock to inflation. We haven't seen it,' Waller said. The next Fed meeting comes just ahead of a July 9 trade deadline that could bring another round of tariffs. 'I'd say the overwhelming reaction we're still getting is wait and see,' Barkin said. 'Wait and see is not put your foot on the brakes. It's just not put your foot on the gas.'
