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☆ New Biden tariffs on China's EVs, solar, medical supplies reportedly due Tuesday
▼ + stars: | 2024-05-11 | by ( ) www.cnbc.com time to read: +1 min

But it will also add new tariffs to semiconductors and solar equipment, according to one of the people, as well as hiking EV tariffs. Chinese-made medical supplies like syringes and personal protective equipment also face additional tariffs, sources told Reuters. The long-awaited tariff update comes after a number of lawmakers have called for massive hikes on Chinese vehicle tariffs. Tariffs on Chinese EVs will roughly quadruple under the new Biden plan, the Wall Street Journal reported, citing people familiar with the matter. Senate Banking Committee Chairman Sherrod Brown wants the Biden administration to ban Chinese EVs outright, over concerns they pose risks to Americans' personal data.

Persons: Joe Biden, Donald Trump, Biden, Sherrod Brown Organizations: Gateway Technical College, Reuters, Wall Street Journal, U.S . Trade Locations: Sturtevant , Wisconsin, U.S, China

☆ Whatever happened to airline food? /// Why the golden age of airplane food disappeared /// Why you don’t get served full meals on flights anymore
▼ + stars: | 2024-05-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —If you took an American Airlines flight in the 1960s, you’d be wined and dined from the Coach-class “Royal Coachman” menu. “Meal service was once a point of pride,” said Henry Harteveldt, who covers the travel industry for Atmosphere Research Group. Meal service was a big focus of [competition] because entertainment options were more limited,” Harteveldt said. The September 11 attacks accelerated the decline of free airline meals. Airline meals had been the brunt of jokes and criticism for decades, but now people miss them.

Persons: you’d, ”, Henry Harteveldt, Peter Stackpole, Robert Crandall, Blaise Waguespack, It’s, Beef, ” Harteveldt, Rob Welham, Molly Brandt Organizations: New, New York CNN, American Airlines, Atmosphere Research, Pan American Airline, Shutterstock Airlines, Carriers, Singapore Airlines, Michelin, Embry, Riddle Aeronautical University, ”, Smithsonian, ” Airlines, “ Airlines, British Airways, Camera, Airlines, Continental Airlines, North America, mojo Locations: New York, Daytona Beach , Florida, Delta, North

☆ Hybrid sales are booming — here's why drivers are buying them over EVs
▼ + stars: | 2024-05-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Hybrid sales are booming in the US. In his latest earnings report, the company blamed demand for hybrid vehicles for depressing global EV sales. "We believe this is not the right strategy, and electric vehicles will ultimately dominate the market," he added. "A lot of hybrid electric vehicles now are not far off from their internal combustion engine alternatives. "What we've seen historically is that when gas prices rise, hybrid electric vehicle price or acquisitions rise as well," he told BI.

Persons: —, Elon Musk, Nick O'Brien, O'Brien, EVs, Edmunds, Mark Singer, Tesla, Jeff Buchanan, Buchanan, Singer Organizations: Toyota, Service, EV, General Motors, Ford, Business, Jefferson Community College, Maverick, New York Times, National Renewable Energy Laboratory, Soaring, Singer, US Locations: Edmunds, North America, Kentucky

☆ Meet the millennials who suddenly doubled their wealth in the last 4 years after an adulthood plagued by bad economic luck
▼ + stars: | 2024-05-11 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +11 min

"So looking at even a $150,000 price tag for a house, you're just like, when is that ever going to happen?" In the fourth quarter of 2019, millennials held $3.5 trillion in real estate wealth; as of the fourth quarter of 2023, that's more than doubled. Average millennial wealth doubled between 2019 and 2023, according to an analysis from the Center for American Progress. For example, Gen Xers' real wealth grew by only 4% in the four years following 2007's Great Recession. Baby boomers' real wealth grew by 46% in the four years after the 1990 recession.

Persons: —, James Barnes, Barnes, you'd, millennials, Khary, Gen Xers, boomers, Joe Biden, Biden, didn't, Amanda, Rob Gruijters, They're, there's, Caitlin de Oliveira, she's Organizations: Service, Navy, BI, Center for American Progress, University of Cambridge, Research Locations: Lawrenceville , Georgia, Atlanta, Alabama, —, Texas

☆ Opinion | Rita, Anita, My Mother and Me
▼ + stars: | 2024-05-11 | by ( Deborah Paredez | ) www.nytimes.com time to read: +1 min

Some Latina mothers teach their daughters how to spoon masa or plátano onto a corn husk or banana leaf when making tamales or pasteles. My Latina mother taught me to love musicals. Perhaps it’s because, like all musicals, “West Side Story” is a complex form of representation that revels in both its messiness and its marvelousness. My mother was showing me a diva who could move across these imposed limits. Many of us have cataloged and condemned the musical’s depictions of criminal youth and blatantly sexual women all speaking in exaggerated accents.

Persons: Barbra Streisand, Fanny Brice, Diana Ross, Rita Moreno, Anita, ” Organizations: Broadway Locations: “, America

☆ Taylor Swift's Eras Tour might be about to do for Europe what it did for America
▼ + stars: | 2024-05-11 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The European leg of Taylor Swift's record-breaking Eras Tour kicked off on Thursday. The Eras tour is the first concert tour to gross over $1 billion, estimates showed. AdvertisementThe European leg of Taylor Swift's Eras Tour kicked off in Paris on Thursday. Estimates showed that the Eras tour is the first concert tour to gross over $1 billion. Hotel booking statistics also help to capture the sense of how in-demand Eras Tour tickets are.

Persons: Taylor, —, Dara Khosrowshahi, Swift, Beyoncé, AirDNA Organizations: Service, Department, Uber, Federal Reserve, Associated Press, Swift, Liverpool, Ireland, Miss Americana Locations: Paris, Singapore —, —, Australia, Stockholm, Cardiff, Vienna, Austria, Warsaw, Poland, Europe, Ukraine

☆ The US military isn't ready for the coming drone war
▼ + stars: | 2024-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +18 min

The Department of Defense is working on initiatives to face the drone threat, but the US military doesn't yet appear ready to confront this ever-evolving challenge, especially on the scale seen in Ukraine. AdvertisementA US military MQ-9 Reaper drone waits for take-off at Kandahar Air Base in Afghanistan on March 9, 2018. US military leaders have repeatedly stressed there's no silver bullet to defeat small drones in battle. Shellie HallStudents there spend several weeks learning how to identify, engage, and defeat small drones. The drone threat draws certain parallels to fighting in Iraq and Afghanistan, where hidden bombs posed a tremendous threat.

Persons: GENYA SAVILOV, Mick Ryan, hasn't, you've, Franz J, Marty, Samuel Bendett, Paul Scharre, that's, Mike Parent, Mark Schauer, Parent, Paul Butcher, Cpl, Doug Bush, Amber Osei, Moseph Sauda, doesn't, Sauda, America's, Bram Janssen, Scharre, Justin Bronk, Jack Watling, Ryan Organizations: Business, Troops, of Defense, Department of Defense, Getty, Australian Army, Islamic State, Kandahar Air Base, Defense Ministry, Karabakh . Defense Ministry, Azerbaijan, AP, Pentagon, US Army, Aircraft Systems, Solutions, 71st Jaeger Brigade, US Army Yuma, Technology, Army, sUAS University, US Marine Corps, Force, Central Command, Shellie, National Training Center, US Army Air Defense Artillery, Center, New, New American Security, Base, London's Royal United Services Institute Locations: Russian, Ukrainian, Ukraine, prowling, Jordan, Chasiv Yar, Donetsk, AFP, Afghanistan, Armenia, Azerbaijan, Russia, Nagorno, Karabakh, Avdiivka, Yuma, East, Oklahoma's Fort Sill, California, Fort Sill, China, Luhansk Region, Europe, Iran, New American, Iraq, Washington, Bagram, Kabul, Australian

☆ Ukraine was a magnet for foreign fighters. After 2 bruising years, many are disillusioned or dead.
▼ + stars: | 2024-05-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +9 min

Zelensky's International Legion of Territorial Defense of Ukraine (ILDU) was born, echoing the International Brigades that fought fascism in the Spanish Civil War of the 1930s. According to Ukrainian officials, dozens of Ukrainians were killed and more than 100 foreign volunteers injured, ending their campaigns before they began. AP Photo/Rodrigo Abd, FileUkraine originally said 20,000 foreign volunteers had signed up to fight. That could prove "very enticing" for some foreign volunteers, Bocchese said. AdvertisementAn April 2024 increases payments for Ukrainian volunteers, adds new punishments for draft dodging, and seeks to compel Ukrainian men living abroad to come home.

Persons: —, Volodymyr Zelenskyy, Carl Larson, Marco Bocchese, Rodrigo Abd, Bocchese, Matteo Pugliese, Pugliese, Larson, Oleksandr Shahuri, Zelenskyy, Lukatsky Organizations: Ukraine's, Service, Legion of Territorial Defense of, Brigades, Royal United Services Institute, International Legion, Legion, Webster Vienna Private University, AP, Washington Post, 59th Motorized Brigade, Company, University of Barcelona, Georgian Legion, International, Army, Green Beret, Navy SEAL, State Department, National Guard, Bolivar Battalion, Associated Press Locations: Russia, Ukraine, Legion of Territorial Defense of Ukraine, Spanish, Ukraine's, London, Iraq, Kharkiv, Alabama, Russian, Lviv, Bucha, Kyiv, Austria, Montenegro, Kosovo, India, Latin America, Ukrainian, Lyman, Bolivar, Venezuela, Ecuador, Argentina, Colombia, Venezuelan

☆ A New Jersey homebuilder who pays his workers over $100,000 wants young people to know construction can be a lucrative career that doesn't require college — and businesses are desperate to hire
▼ + stars: | 2024-05-11 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Bodei's family has been in the construction business for generations, so he'd seen how lucrative it could be to build and renovate upscale single-family homes in affluent suburbs. This story is available exclusively to Business Insider subscribers. Fewer construction workers means less — and slower — residential construction, which in turn leads to higher home prices. Mayra Beltran/Getty ImagesA labor shortage years in the makingThe US has faced a severe shortage of construction workers of all sorts for years. When the financial crisis crushed the housing market in 2008, the construction industry took a massive hit.

Persons: —, Michael Bodei, Bodei, he'd, it's, Sam Laureto, Mayra Beltran, haven't, Ken Simonson, Simonson Organizations: Service, Bodei, Business, Oaks, US, Associated Builders and Contractors, Associated, Contractors of America Locations: Morristown , New Jersey, Houston , Texas, South Florida

☆ 10 photos of the Northern Lights dazzling in the night sky across the US and Europe caused by massive geomagnetic storm
▼ + stars: | 2024-05-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

On Friday night, the Northern Lights put on a spectacular show for US and European star-gazers. The lights, Aurora Borealis, were triggered by a huge geomagnetic storm headed toward Earth. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSkies over the US and Europe were transformed into shades of interstellar pink, purple, blue, and green on Friday night as the Northern Lights produced a dazzling display. Aurora Borealis lights were triggered after America's National Oceanic and Atmospheric Administration (NOAA) issued its first severe solar storm warning since 2005 as a huge geomagnetic storm headed toward Earth.

Persons: — Organizations: Service, Lights, Atmospheric Administration, NOAA, Business Locations: Europe

☆ Europe’s best long-distance hiking trails
▼ + stars: | 2024-05-10 | by ( Joe Minihane | ) edition.cnn.com time to read: +12 min

Slovenian Mountain Trail, SloveniaMountaineers climbing ridge on Triglav mountain, Slovenia. Enrique Ugarte/Moment RF/Getty ImagesIt’s no surprise that the Slovenia Mountain Trail has become so popular. Laugavegur Hiking Trail, IcelandInaccessible during winter, Iceland’s ethereal Laugavegur Hiking Trail opens between July and September, drawing in committed hikers from across the globe. The 55-kilometer (34-mile) route is best done over four days, giving time to tackle the challenging terrain and take in the views. Sheep’s Head Way, Cork, IrelandThe Sheep's Head Way explores Ireland's wild Atlantic coast.

Persons: It’s, Lapland’s Salla, King Charles III, Enrique Ugarte, John Muir, Muir, Muir’s, Mount Gamila, James, Alex Treadway, St James, Jean, Les Houches, Mont, Rota, Marc Guitard, marveling Organizations: CNN, Slovenia Mountaineers, Getty, Maribor, Triglav, National Parks ”, Sierra Club, Guinness, Hellas, Via Locations: Trail, Sweden, Hyssna’s, Gothenburg, Lilla Hålsjön, Finland Finnish Lapland, Finland, It’s, Hautajärvi, Lapland’s, Kuusamo, King Charles III England, England, Cornwall, Suffolk, Norfolk, Slovenia, Triglav, Ankaran, Adriatic, Julian, Scotland, Yosemite, United States, Helensburgh, Firth, Clyde, Dunbar, Forth, Loch Lomond, Mount, Zagoria, Greece, Mount Gamila, Apuseni, Romania, Europe, Camino Frances, France, Spain, Santiago, Santiago de Compostela, Galicia, Portugal, Camino, St, Pamplona, Leon, Sarria, Via Uno, Italy, Dobbiaco, Belluno, Passo Falzarego, Switzerland, it’s, Zernez, Blanc , France, Blanc, Les, Mont Blanc, Fishermen’s, Portuguese, Alentejo, Algarve, Iceland, Landmannalaugar, Brennisteinsalda, Hvanngil, Cork, Ireland, Bantry, Mizen

☆ Cyberattack forces major US health care network to divert ambulances from hospitals
▼ + stars: | 2024-05-10 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —A major US health care system said Thursday that it is diverting ambulances from “several” of its hospitals following a cyberattack this week. The sprawling health care network, which also owns 40 senior living facilities, said that it would be using “downtime procedure for some time,” because of the cyberattack. It was not clear how many Ascension hospitals were sending ambulances to other locations because of the cyberattack. It’s only the latest major hacking incident that has hobbled a big US health care network and sent US officials scrambling to offer support. A February ransomware attack on Change Healthcare, a subsidiary of health care giant UnitedHealth Group, caused billing disruptions at pharmacies across the US and threatened to put some health providers out of business.

Persons: Ascension, cybercriminals, Mandiant, ” Ascension, Andrew, UnitedHealth Organizations: CNN, US, Healthcare, UnitedHealth Locations: St, Louis

☆ Most retirees say inflation has them worried they'll outlive their savings, Schroders survey shows
▼ + stars: | 2024-05-10 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

America's retirees are stressed about inflation, with 68% fearing they might outlive their money. A third of retirees worry that financial stress could affect their overall health due to sleep lossSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The survey showed inflation is "taking a toll" on retirees, with 89% worrying about it eroding their assets and 68% fearing they might outlive their money. The Schroders survey also shows that one-third of retirees worry that financial stress could affect their overall health, with 26% experiencing sleep loss due to concerns about their finances.

Persons: —, Schroders, Deb Boyden Organizations: Service, Federal Reserve

☆ McDonald’s is working to introduce a $5 value meal
▼ + stars: | 2024-05-10 | by ( Kate Rogers | ) www.cnbc.com time to read: +2 min

McDonald's is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The value meal was first reported by Bloomberg News. The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands. Mentions of low-income consumers on company earnings calls are at their highest levels in nearly two years, according to data from Bank of America. An initial proposal by McDonald's for the $5 value meal did not clear necessary hurdles, and additional details are now being discussed, according to a person familiar with the process.

Persons: McDonald's, Dave, Buster's, Chris Kempczinski, Kempczinski, Ian Borden, — CNBC's Amelia Lucas Organizations: CNBC, Bloomberg News, Bank of America, McDonald's, U.S Locations: U.S

☆ Big corporate American hospitals now want you to pay up front for surgery
▼ + stars: | 2024-05-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

It comes as hospital systems and corporate entities buy up medical practices nationwide. AdvertisementGetting surgery is getting harder in some American hospital systems. However, forcing patients to pay in advance also relieves companies from the cost of having to track and bill patients later on. In Tennessee, a hospital system overcharged 59-year-old Blake Young by over $2,500 for a heart scan, Young told the Journal. Advertisement"It's not unlimited funds," Young told the Journal, noting he would use the refund for future unexpected medical bills.

Persons: —, Blake Young, Young Organizations: Service, Street Journal, UnitedHealth, Business, Physicians Locations: Flordia, America, Tennessee

CNBC Make It asked locals in their 20s and 30s living in New York and LA about how much they pay in rent — and if they think it's actually worth the money. Mia pays $3,500 per month for a 2-bedroom apartment in Manhattan that she shares with a roommate. "I pay way too much, but it is a beautiful apartment," she tells CNBC Make It. Outside of Manhattan, rent isn't much more affordable. "If I lived in [Manhattan], I'd probably be spending $4,000 to $5,000 for what I have now," Shane adds.

Persons: Zumper, Mia, It's, Shane Organizations: CNBC Locations: New York, Los Angeles, LA, NYC, Manhattan, Bronx, New York City

☆ Lightning Round: We're only in the middle of Micron's roll higher, says Jim Cramer
▼ + stars: | 2024-05-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: We're only in the middle of Micron's roll higher, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Biogen, Kratos, Micron, Bank of America, Fidelis Insurance, Jfrog, and Chevron.

Persons: Jim Cramer Organizations: Micron, Bank of America, Fidelis Insurance, Chevron

☆ U.S. to Announce New Tariffs on Chinese Electric Vehicles
▼ + stars: | 2024-05-10 | by ( Alan Rappeport | Jim Tankersley | ) www.nytimes.com time to read: +1 min

The Biden administration is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter, as President Biden looks for ways to protect America’s nascent clean energy sector from a surge of cheap Chinese imports. The long-awaited tariffs are the result of a four-year review of the levies that former President Donald J. Trump imposed on more than $300 billion of Chinese imports in 2018. That includes Chinese electric vehicles, which currently face a 25 percent tariff. The administration is expected to raise that to a much higher rate in order to make it prohibitively expensive to buy a Chinese EV. The administration has been considering tariffs as high as 100 percent, according to a person familiar with the deliberations.

Persons: Biden, Donald J, Trump Locations: China

☆ Taylor Swift changed The Eras Tour set list to include 'The Tortured Poets Department.' Here are all 46 songs she performs now.
▼ + stars: | 2024-05-10 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

Read previewTaylor Swift is back on the road for her record-breaking, economy-altering Eras Tour. This story is available exclusively to Business Insider subscribers. On Thursday, Swift resumed The Eras Tour in France after a multi-week hiatus. During that break, Swift released her 11th studio album, "The Tortured Poets Department" — so she adjusted the original 44-song set list to include brand new tracks, though other fan favorites (including "The Archer," "The 1," and "Tolerate It") were cut for time. The complete set list is cataloged below, in order of Swift's performance.

Persons: —, Taylor Swift, Swift, Archer Organizations: Service, Business, Department Locations: Glendale , Arizona, Mexico, South America, Japan, Australia, Singapore, Europe, American, France

☆ Cramer's Lightning Round: Bank of America is a buy
▼ + stars: | 2024-05-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Biogen's year-to-date stock performance. Stock Chart Icon Stock chart icon Kratos' year-to-date stock performance. Micron : "I like Micron, and I like Sanjay Mehrotra [buy, buy, buy!]." Stock Chart Icon Stock chart icon Bank of America's year-to-date stock performance. Stock Chart Icon Stock chart icon Chevron's year-to-date stock performance.

Persons: Kratos, that's, Sanjay Mehrotra Organizations: Micron, of America's, Fidelis Insurance Holdings

☆ Here are Friday's biggest analyst calls of the day: Nvidia, Tesla, Apple, 3M, Bumble, Nike, Walmart, Palantir & more
▼ + stars: | 2024-05-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wedbush reiterates Apple as outperform Wedbush said it's standing by its outperform rating on shares of Apple . Bank of America reiterates Palantir as buy Bank of America said it's standing by its buy rating on shares of Palantir. Bank of America initiates Apogee Therapeutics at buy Bank of America said the biotech company has best-in-class potential. Bank of America upgrades Bumble to buy from neutral Bank of America sees "multiple expansion" for the dating app company. Bank of America reiterates Walmart as buy Bank of America said it's bullish heading into Walmart earnings on May 16.

Persons: Bernstein, Wedbush, Palantir, Wells, CRNC, Stifel, TD Cowen, Morgan Stanley, Raymond James, it's, Bumble, Lear, Tesla, Oppenheimer, Guggenheim Organizations: Nvidia, Citi, Cheesecake, Apple, Worldwide, " Bank of America, Bank of America, Mizuho, Apogee Therapeutics, Warner Brothers Discovery, HSBC, TPG, of America, Dominion, underperform Bank of America, Dominion Energy, Barclays, Nike, Walmart, Supercenters, Moffett Locations: WWDC, Palantir, OW, U.S

☆ Goldman Sachs and American Express are among the leading companies for working parents in 2024, new study shows
▼ + stars: | 2024-05-10 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

With no federal oversight of workplace benefits like paid leave and caregiving policies, corporate leaders are being asked to take the lead. Goldman Sachs , American Express , Deckers Outdoor, S&P Global and Splunk are the top companies for parents in 2024, according to Just Capital's research. The "indirect costs" are the loss of productivity during an employee's leave, temporary replacement and cost of administering a paid leave program. "Paid parental leave is an expensive proposition," said Yvette Lee, an HR knowledge advisor at SHRM. Lee said the investment in paid parental leave and similar policies may make sense in the long run.

Persons: Alison, it's, Goldman Sachs, Lauren, Mario Washington, SHRM, Yvette Lee, Lee Organizations: Just Capital, CNBC, American Express, P, P Global, Society for Human Resource Management Locations: SHRM

☆ Opinion | Biden’s Real Mistake in Pausing Military Aid to Israel
▼ + stars: | 2024-05-10 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

It is unfortunate that President Biden chose to announce his pause of some weapons sales to Israel while on a political campaign swing through Wisconsin. I use that word — “unfortunate” — not because I don’t understand why Biden did so, but because the move has enabled Benjamin Netanyahu to deflect attention from the fact that the most dangerous leader threatening Israel today is not Biden but Bibi. Netanyahu’s policies have not and will not produce a sustainable victory in Gaza, cannot secure Israel against its greatest existential threat — Iran — and are endangering world Jewry and undermining America’s broader Middle East strategic needs and goals. That is the real source of tension between Washington and Jerusalem today. It is not Biden’s temporary hold on sending Israel a fresh supply of 2,000-pound bombs and some other offensive weapons — which Biden has been warning Israel for months that he would do if Israel attempted to pulverize Rafah, the way that it did Gaza City and Khan Younis, without an evacuation of civilians.

Persons: Biden, Benjamin Netanyahu, Bibi, Israel, Khan Younis, Itamar Ben, Gvir, Hamas ❤️ Biden Organizations: Israel, National Security, Hamas Locations: Israel, Wisconsin, Gaza, Iran, Washington, Jerusalem, Rafah

☆ Healthcare costs will keep PCE elevated out of Fed's target range, says economist Joe Lavorgna
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHealthcare costs will keep PCE elevated out of Fed's target range, says economist Joe LavorgnaJoe Lavorgna, SMBC Nikko Securities America chief economist, joins 'Fast Money' to talk the overheated U.S. economy, the Fed's inflation fight, and more.

Persons: Joe Lavorgna Joe Lavorgna Organizations: Healthcare, PCE, Nikko Securities America

☆ RFK Jr. walks back opposition to government limits on abortion
▼ + stars: | 2024-05-10 | by ( Aaron Pellish | ) edition.cnn.com time to read: +2 min

CNN —Independent presidential candidate Robert F. Kennedy Jr. walked back his opposition to any government limits on abortion access in a social media post Friday evening after coming under fire from anti-abortion advocates, including from within his own campaign. Kennedy’s comments come after he told podcast host Sage Steele he opposed any government limits on abortion access, even keeping abortion legal up until shortly prior to the delivery date of a child. Later Friday, Stanton King said in a social media post that she spoke with Kennedy and said he agreed to clarify his position on abortion. The incident marks the second time where Kennedy has taken a clear-cut position on government limits on abortion access only for Kennedy’s comments to be walked back shortly afterwards. Last year, Kennedy told a reporter he would support a three-month federal abortion restriction, but his campaign quickly walked back that position.

Persons: Robert F, Kennedy Jr, Kennedy, ”, ” Kennedy, “, Roe, Wade, Sage Steele, Susan B, Anthony Pro, Angela Stanton King –, –, Stanton King Organizations: CNN, Independent, Black Locations: America

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