Federal Reserve warns rate hikes back on table. Mets beat Phillies 4–1. The Open Championship live.

• Fed officials open door to rate hikes — inflation won't budgeVice Chair Philip Jefferson and Dallas Fed President Lorie Logan both signaled higher rates could be coming if price growth stays sticky. It's a sharp turn from the 'patient' messaging of recent weeks, and it means your mortgage, car loan, and credit card rates could all get tighter if the Fed follows through.
• Tech gets hammered as rates fear spreads — Nasdaq down 2.4% on the weekGoogle fell 4.4%, AMD 5.3%, and Broadcom 5.0% as higher-rate talk kills the appeal of expensive growth stocks. The Nasdaq closed Thursday off 1.6% as traders rewrote their Fed expectations.
• Big Tech splits: Apple and Microsoft gain, Meta and Amazon slideApple closed up 1.8% and Microsoft up 1.4%, while Meta dropped 2.5% and Amazon fell 2.0% — a sign that not all mega-cap growth is priced the same way in a rate-hike world.

Markets closed under pressure Thursday — the Nasdaq off 1.6% on the day and 2.4% on the week — after Fed officials warned that interest rates might need to rise if inflation stays stubborn, flipping the script on months of dovish expectations.

• Why it matters: Rate hikes are the enemy of high-multiple growth stocks. When the Fed signals tightening, bond yields rise and future earnings get discounted harder — that math hit Google, AMD, and chip stocks the worst, while the 10-year yield climbed 0.7% on the week.
• Watch for: Watch next week's inflation data — if the Producer Price Index or jobs numbers come in hot, Logan and Jefferson will have the cover they need to actually move. Wall Street is already pricing in that possibility.
• What to bring up: Google dropped 4.4% in a single session just on Fed talk about maybe raising rates — that's what happens when the whole market has been betting on cheap money forever and the central bank suddenly says 'maybe not.'
• The GuyTalk Read: The Fed's message shifted hard this week. Jefferson and Logan didn't commit to anything, but they stopped pretending inflation is solved or that cuts are coming soon. For investors, that means the era of easy capital is being questioned again. Apple and Microsoft held up because they generate real profit. Meta, Amazon, Google, and the chip names slid because they're priced for growth in a world where borrowing is cheap — and that world just got less certain. The bond market is already moving. If next week's data runs hot, this week's selloff looks like a preview.
• What to Know:
  • 10-year Treasury yield up 0.7% on the week
  • Nasdaq down 2.4% for the week; Google down 4.4%, AMD down 5.3%, Broadcom down 5.0%
  • Apple up 1.8%, Microsoft up 1.4%; Meta down 2.5%, Amazon down 2.0%
  • Fed Vice Chair Jefferson and Dallas Fed President Lorie Logan both publicly signaled rate hikes could be necessary if inflation stays elevated

• Streaming

  Hal Williams, 227 and Sanford Regular, Dies at 91

  What happened: Hal Williams, a series regular on the sitcom 227 and a recurring presence on Sanford and Son, died at age 91. Music journalist Matt Pinfield announced the news on social media.

  Why it matters: Williams was part of the wave of character actors who built network television in the 70s and 80s, appearing on shows that defined Black television comedy and family viewing for a generation.

  The GuyTalk Read: Williams wasn't the name people threw around, but 227 and Sanford and Son were the shows people actually watched. He was the kind of working actor who showed up, knew his lines, and made the whole thing feel real. That consistency gets forgotten, but it's where most of television actually lives. Ninety-one years old and still remembered — that's a career.

  • Series regular on 227, which ran from 1985 to 1990 on NBC
  • Also appeared regularly on Sanford and Son
  • Died at age 91; death announced by Matt Pinfield on social media

  What to say: Hal Williams was on every good sitcom in the 80s and most people never even knew his name — that's the definition of a working actor.

• Streaming

  What to Watch: The Bear (Hulu)

  What happened: If you haven't started The Bear yet, this weekend is the time. The Hulu drama follows a fine-dining chef who inherits his family's Chicago sandwich shop — and it's one of the most intense, well-acted shows in recent memory.

  Why it matters: It's the rare prestige drama that actually moves fast. Every episode feels like a pressure cooker, and the performances — especially Jeremy Allen White — are the kind of thing people are still talking about.

  The GuyTalk Read: The Bear works because it's not really about food. It's about grief, family dysfunction, and what happens when someone with real talent gets stuck in a situation they didn't choose. Watch it with someone who appreciates good TV and you'll be talking about it for days.

  What to say: If you haven't watched The Bear yet, clear your Saturday night — it's the best thing on streaming right now and it's only eight episodes.