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☆ What is divestment? And does it work?
▼ + stars: | 2024-04-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! The specifics of student protesters’ divestment demands vary in scope from school to school. Other students, like those at Cornell University and Yale, are asking their schools to stop investing in weapons manufacturers. Other common threads include demanding universities disclose their investments, sever academic ties with Israeli universities and support a ceasefire in Gaza. Proponents for divestment counter that its value lies in raising awareness and stigmatizing partnerships with targeted regimes or industries.

Persons: “, ” Israel, Witold Henisz, Henisz, ”, Nicholas Dirks, ” Dirks, Dirks, “ They’ll, Anna Cooban, Michelle Bowman, Eli Lilly, Estee Lauder, Jerome Powell Organizations: New, New York CNN, Palestinian, Princeton University, University of Southern, Columbia University Apartheid, Columbia, Cornell University and Yale, Research, The Wharton School, University of Pennsylvania, CNN, University of California, Columbia’s Faculty of Arts and Sciences, Federal Reserve, European Central Bank, Dallas Fed, Samsung, AMD, Starbucks, Benz Group, Volkswagen, PayPal, adidas, Diamondback Energy, Restaurant Brands, Pinterest, Caesars Entertainment, PMI, Conference Board, Mastercard, Qualcomm, Pfizer, Marriott, eBay, US Commerce Department, Apple, Novo Nordisk, Shell, ConocoPhillips, Cigna, Universal Music Group, Hershey, US Labor Department Locations: New York, New Jersey, University of Southern California, Los Angeles, Columbia, Palestine, Israel, Gaza, South Africa, Berkeley, United States, Europe, DoorDash

☆ Europe is beating inflation. Why can’t America declare victory?
▼ + stars: | 2024-04-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The Fed aims to keep inflation at 2% over the longer run. Meanwhile, among the 20 countries that use the euro, annual consumer price inflation has slowed steadily since the start of the year. Fed Governor Michelle Bowman said earlier this month that she would favor a rate hike “should progress on inflation stall or even reverse.”So why does the United States appear to have a bigger inflation problem than Europe? Some economists argue there isn’t actually much daylight between the US and European rates of inflation, pointing to a quirk in the US measures. The measure is designed to track inflation in the real estate market while accounting for the fact that most Americans own their homes.

Persons: Michelle Bowman, Paul Donovan, Simon MacAdam, ”, MacAdam, ” Carsten Brzeski, Janet Yellen, Jim Watson, Brzeski, “, ” Davide Oneglia Organizations: London CNN, Federal Reserve, European Central Bank, PCE, UBS Global Wealth Management, Capital Economics, ING, CNN, Monetary Fund, Washington, Reuters, Getty, —, ECB, Lombard Locations: United States, Europe, Centreville , Maryland, AFP, Russia, Ukraine

Rep. Donald Payne Jr., D-N.J., has died at the age of 65 after several weeks of being hospitalized following a "cardiac episode" in early April. "Deeply saddened by the passing of Congressman Donald Payne Jr., a good friend, highly effective public servant and compassionate leader. Payne succeeded his father, Rep. Donald M. Payne, who also died in office. Payne Jr., was a member of the Congressional Black Caucus and served on the House Homeland Security and Transportation and Infrastructure Committees. The special primary election must be held between 70 and 76 days after the governor's proclamation, and the special general election must be held between 64 and 70 days after the primary election.

Persons: Donald Payne Jr, Phil Murphy, Donald, Murphy, didn't, Hakeem Jeffries, Payne, Donald M, Payne Jr, Biden, Mike Gallagher Organizations: New, New Jersey Gov, New Jersey Globe, Congressional, Congressional Black Caucus, House Homeland Security, Transportation, Infrastructure, The New, The New Jersey Department, Daily, Republicans Locations: New Jersey, Newark, D, Essex, Hudson, Union, . New Jersey, The, The New Jersey, Payne's

☆ Pro-Israel Groups Promised to Be Active in Democratic Primaries. They Haven’t Done Much Yet.
▼ + stars: | 2024-04-21 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

After Hamas’s Oct. 7 attack on Israel, pro-Israel political groups put the Democratic Party’s most outspoken critics of the Jewish state on notice: An avalanche of spending was coming to either unseat them or force them to change their posture on the Middle East. But the first expeted target of that avalanche, Representative Summer Lee of Pittsburgh, will face only nominal opposition in the Pennsylvania primary on Tuesday. And though groups like Democratic Majority for Israel and United Democracy Project, an affiliate of the American Israel Public Affairs Committee, have raised tens of millions of dollars to make good on their threats, they have so far mostly declined to spend it. Pro-Israel groups were unable to recruit an experienced, well-known primary challenger to Ms. Lee. That is not the case in primaries to come, especially Representative Jamaal Bowman’s in New York in June and Representative Cori Bush’s in Missouri in August.

Persons: Summer Lee, Lee, Jamaal Bowman’s, Cori Bush’s Organizations: Israel, Democratic, United Democracy Project, American Israel Public Affairs Committee, Synagogue Locations: Israel, Pittsburgh, Pennsylvania, Squirrel, New York, Missouri

☆ The US dollar is strengthening. Here’s what’s driving the rally and what it means for Americans
▼ + stars: | 2024-04-21 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

What does the dollar rally mean internationally? The US Commerce Department releases March figures on new orders for durable goods. The US Commerce Department releases its first estimate of first-quarter gross domestic product. The US Labor Department reports the number of new applications for unemployment benefits in the week ended April 20. The US Commerce Department releases March figures on household spending, income and the Fed’s preferred inflation gauge.

Persons: it’s, Michelle Bowman, Bell, Claudio Irigoyen, It’s, Samantha Delouya, ”, eMarketer, Ross Benes, Wall, Read, Lockheed Martin, Raymond James, Northrop Organizations: Washington CNN, Federal Reserve, Bank of America, Netflix, Verizon, Truist, Albertsons, The Chicago Fed, Visa, Tesla, Pepsico, Novartis, UPS, Lockheed, Banco Santander, Spotify, General Motors, Halliburton, Global, US Commerce Department, Meta, IBM, Boeing, Chipotle, Hilton, Ford, Hasbro, Whirlpool, Wyndham, Microsoft, Mobile, Caterpillar, Comcast, Intel, P Global, Honeywell, Gilead, Northrop Grumman, Valero, Capital, Nasdaq, Southwest Airlines, American Airlines, Citizens Financial, US Labor Department, National Association of Realtors, Bank of Japan, Exxon Mobil, Chevron, HCA Healthcare, Colgate, Palmolive, Phillips, Charter Communications, University of Michigan Locations: Europe, Japan, China, Roku

☆ Would the Fed really hike rates here? This is what would have to happen
▼ + stars: | 2024-04-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Though it was unthinkable just a short time ago, the question of what it would take the Federal Reserve to raise interest rates further is gaining increasing attention. New York Fed President John Williams faced questioning Thursday about hiking and said he doesn't expect that to happen, but noted that it's always an option. "Basically, if the data were telling us that we would need higher interest rates to achieve our goal, then we would obviously want to do that." Making the same mistake as the 1970s central bank — hiking rates to fight inflation, then cutting prematurely and allowing inflation to return — is a sensitive issue for the Powell Fed. Chances are low, for now So far, only Fed Governor Michelle Bowman has given any credence to the notion of raising rates.

Persons: John Williams, it's, Williams, Jerome Powell, Philip Jefferson, Powell, Nicholas Colas, Colas, Michelle Bowman, Bowman, Esther George Organizations: Federal Reserve, Fed, New York Fed, Summit, DataTrek, CME, Kansas City, CNBC Locations: Washington, Kansas

☆ Fed officials cast more doubt on the timing of rate cuts this year
▼ + stars: | 2024-04-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewFederal Reserve officials heaped more doubt on the timing of rate cuts this year, echoing Chair Jerome Powell in stating that the path to 2% inflation looks uncertain. The Fed has projected three rate cuts to come by the end of 2024. Fed Chair Powell suggested earlier in the week that rate cuts could be delayed, causing stocks to slide. Inflation risks haven't been lost on investors, who have been steadily dialing back their expectations for Fed rate cuts over the last few months. Markets are now expecting just one or two rate cuts by the end of the year, according to the CME FedWatch tool, down from six cuts that were anticipated at the start of 2024.

Persons: —, Jerome Powell, Loretta Mester, Mester, Michelle Bowman, Bowman, John Williams, It's, Williams, Powell, haven't Organizations: Service, Cleveland Fed, Business, York Fed

☆ Dollar takes a breather as investors ponder U.S. rates outlook
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: +3 min

The dollar was soft on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer. The dollar was soft on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer. The yen strengthened 0.05% to 154.29 a dollar but remained close to the 34-year low of 154.79 touched on Tuesday. Japan last intervened in the currency market in 2022, spending an estimated $60 billion to defend the yen. Elsewhere, the Australian dollar was little changed at $0.6439, while the New Zealand dollar eased a bit to $0.5914 after spiking 0.6% on Wednesday.

Persons: Sterling, Michelle Bowman, Kristina Clifton, Tony Sycamore Organizations: Federal Reserve, Traders, Market Committee, Federal, Fed, Commonwealth Bank of Australia, IG, Japan, New Zealand Locations: U.S, Japan, South Korea, Tokyo, Seoul

The high court’s ruling could also affect the federal election subversion criminal case pending against former President Donald Trump, who was also charged with the obstruction crime. The law, Justice Elena Kagan said, could have been written by Congress to limit its prohibition to evidence tampering. Unless the court rules broadly in a way that undermines the charge entirely, the case against Trump may still stick even if Fischer wins his case. The Fischer case has prompted some liberal critics of the court to demand that Thomas recuse himself. “There have been many violent protests that have interfered with proceedings,” Thomas asked Prelogar, pressing on a theme he returned to repeatedly during the arguments.

Persons: Critics, ”, Donald Trump, Joseph Fischer, Trump, “, Fischer, Brett Kavanaugh, Elizabeth Prelogar, John Roberts, ’ ” Roberts, it’s, Prelogar, Kavanaugh, ‘, ” Prelogar, Neil Gorsuch, Jamaal Bowman, Bowman, Samuel Alito, ” Alito, rioter, Elena Kagan, ” Kagan, Sonia Sotomayor, Ketanji Brown Jackson, Jeffrey Green, Jackson, Jack Smith, Department’s, Smith, Clarence Thomas, Thomas, That’s, Thomas ’, Ginni Thomas, ” Thomas, “ I’m Organizations: CNN, Justice Department, Justice, Capitol, Court, Department, Riot, ”, New York Democrat, House, Hamas, Trump Locations: Pennsylvania, Gaza, Virginia, DC, Colorado, ”

☆ Could Trump go to jail? Questions about Trump’s trial, answered
▼ + stars: | 2024-04-13 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +12 min

If Trump were sent to prison, would he still have his presidential Secret Service protecting him in jail? The judicial process is built around the idea that defendants are there to answer charges, and New York law requires that a defendant be present at trial. The felony charge here, which is the lowest level felony under New York law, is falsifying business records to further some other crime. His federal trial on classified documents is proceeding slowly in Miami. While Trump, under New York law, has a right to know their names, their identities will be kept from public view.

Persons: CNN —, Donald Trump’s, –, I’ve, Trump, Laura Coates, Coates, Watch Coates, David, Juan Merchan, Stormy Daniels, CNN’s, Daniels, Bruce, Karen McDougal, Trump’s fixer, Michael Cohen, Cohen, Attorney Alvin Bragg, Will, Francis, Elie Honig, Honig, SCOTUS, Mark Honig, He’s, Kathryn, Trump’s, It’s, hasn’t, Norman Eisen, ”, Scott, That’s, Frank Bowman, he’s, Bowman Organizations: CNN, Trump, Raleigh NC Daniels, Seattle Trump, National Enquirer, Playboy, of Justice, Manhattan, Attorney, New, University of Missouri, Prisons, White Locations: New York, Tokyo, York, Georgia, Seattle, Cupertino, Miami, Fulton County , Georgia, Philadelphia

☆ Big corporations are quietly taking over your medical practice. Some doctors and experts say it's ruining healthcare.
▼ + stars: | 2024-04-11 | by ( ) www.businessinsider.com time to read: +17 min

UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.

Persons: —, UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta

☆ The Fed might not be done raising interest rates just yet
▼ + stars: | 2024-04-11 | by ( Elisabeth Buchwald | Bryan Mena | ) edition.cnn.com time to read: +6 min

Inflation slowed substantially in 2023 as the Fed lifted rates to nearly a quarter-century high and held them at that level since July. Still, most Fed officials have signaled that they plan to cut rates this year if the economy evolves as expected. And if the inflation situation worsens even further, the Fed may even have to consider raising rates. Like Bowman and Kashkari, New York Fed President John Williams said rate hikes aren’t part of his baseline outlook. The timing of that first rate cut is critical because if the Fed cuts too soon, it risks locking in inflation at a high level.

Persons: hasn’t, Michelle Bowman, Neel Kashkari, Bowman, John Williams, he’s, ” Williams, Williams, Jerome Powell, Susan Collins, ” Collins, Powell, Larry Summers, ” Summers, Summers, Goldman Sachs, ” Organizations: CNN, Wall, Federal Reserve, ” Minneapolis, Kashkari , New York Fed, Boston, CPI, Bloomberg, UBS, Barclays, Bank of America Locations: Kashkari , New

☆ With inflation stalling, the long-predicted storm clouds in the economy may actually be forming
▼ + stars: | 2024-04-10 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —Jamie Dimon warned two years ago that storm clouds and a hurricane were brewing in the US economy. On top of that, the unemployment rate has stayed below 4% for more than two years despite 11 rate hikes intended to slow the economy in an effort to curb decades-high inflation. But potentially persistent inflation isn’t the only red flag in the economy right now. Small-business owners haven’t felt this bad about the economy in over a decadeAlthough the economy is booming by many measures, including last month’s blowout jobs report, small business owners aren’t feeling gung-ho about it. That’s significant because that cohort is experiencing an even lower unemployment rate than the nation overall.

Persons: Jamie Dimon, Dimon, Michelle Bowman, she’s, Bowman, ” Bowman, haven’t, Holly Wade, Bill Dunkelberg, aren’t Organizations: New, New York CNN, JPMorgan Chase, Federal Reserve, FactSet, National Federation of Independent, York Locations: New York

☆ A growing chorus of experts don't think a rate cut is coming in 2024
▼ + stars: | 2024-04-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Investors are starting to take seriously the idea that the Fed might not cut interest rates in 2024. At this point, investors are viewing economic strength as ultimately good news for the stock market, if that means a recession is delayed. AdvertisementFrom seven, to three, to now potentially zero, projected interest rate cuts in 2024 are quickly going out of style on Wall Street. So a delay in interest rate cuts, on paper, would suggest lower stock prices. And better-than-expected first quarter profits have helped put a floor on a stock market that is trading near record highs, even as talks of interest rate cuts fade.

Persons: Neel Kashkari, Kashkari, Michelle Bowman, Bowman, Ed Yardeni, Yardeni, Mohamed El, Torsten Slok, Slok, Ken Fisher Organizations: Federal Reserve, Atlanta Fed, Minneapolis Fed, Fed, Bank of America

☆ Wall Street gets key inflation data next week amid concerns the stock market is overbought
▼ + stars: | 2024-04-05 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Economists polled by FactSet anticipate the March consumer price index will show prices rising by 0.3% on a monthly basis, less than February's 0.4% advance. Similarly, the March producer price index is expected to show an increase of 0.5%, according to FactSet consensus estimates. Monday April 8 Tuesday April 9 6 a.m. NFIB Small Business Index (March) Wednesday April 10 8:30 a.m. Consumer Price Index (CPI) (March) 8:30 a.m. Initial Claims (04/06) 8:30 a.m. Producer Price Index PPI Earnings: CarMax Friday April 12 8:30 a.m. Import Price Index (March) 10 a.m. Michigan Sentiment preliminary (April) Earnings: State Street , Wells Fargo , JPMorgan Chase , Progressive , Citigroup

Persons: Stocks, we're, Ross Mayfield, Baird, Mayfield, FactSet, David Einhorn, CNBC's Scott Wapner, he's, Michelle Bowman, Bank's Tom Hainlin, Hainlin, Jamie Myers, JPMorgan Chase Organizations: Federal Reserve, Investors, Treasury Bond, Dow Jones, Nasdaq, . West Texas, Treasury, Fed, Investment Group, Investors Intelligence, American Association of, Walmart, Citigroup, JPMorgan, Index, Treasury Budget NSA, Air Lines, Price Index, Progressive Locations: U.S, Wells Fargo, Michigan

☆ Fed Governor Bowman says additional rate hike could be needed if inflation stays high
▼ + stars: | 2024-04-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Noting a number of potential upside risks to inflation, Bowman said policymakers need to be careful not to ease policy too quickly. "Reducing our policy rate too soon or too quickly could result in a rebound in inflation, requiring further future policy rate increases to return inflation to 2 percent over the longer run." The speech, to the Shadow Open Market Committee, comes with markets on edge about the near-term future of Fed policy. Weighing inflation risks, she said that supply-side improvements that helped bring numbers down this year may not have the same impact going forward. Fed officials will get their next look at inflation data Wednesday, when the Labor Department releases the March consumer price index report.

Persons: Michelle Bowman, Bowman, Jerome Powell, Raphael Bostic, Neel Kashkari Organizations: Federal, of Governors, Market, Committee, Atlanta Fed, CNBC, Minneapolis Fed, Fed, Labor Department Locations: New York

☆ Fed caution may be justified if the labor market starts to deteriorate. Here's why that could happen
▼ + stars: | 2024-04-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

A strong jobs outlook raises the potential of greater inflation pressures, meaning the central bank might be less eager to ease policy. Indeed, there are some signs that the labor market's strength may not be as robust as the headline nonfarm payrolls numbers indicate. Economists both on Wall Street and at the Fed suspect swelling immigration numbers are playing a role in boosting employment and keeping the labor market so tight. With political clamoring intensifying for the U.S. to tighten its border controls, the resilience of the labor market then could be jeopardized depending on how large a role immigration is playing. "Another strong report raises the potential that the deterioration in labor markets we have been expecting will be avoided.

Persons: nonfarm, Seema Shah, Shah, Mohamed El, There's, Goldman Sachs, Michelle Bowman, Bowman, Andrew Hollenhorst Organizations: Federal Reserve, Labor, Asset Management, Allianz, Fed, CNBC, Wall, Congressional, Citigroup, Citi Locations: it's, Italy, U.S, South America, Central America, Mexico

☆ Stocks making the biggest moves midday: Tesla, GE Vernova, UnitedHealth Group and more
▼ + stars: | 2024-04-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Tesla — Tesla shares sank more than 6% after the electric vehicle maker reported an 8.5% year-over-year decline in deliveries in the first quarter. GE Vernova — Shares jumped more than 3% after GE Vernova started trading on the New York Stock Exchange on Tuesday under the ticker "GEV," following its spinoff from General Electric. Shares of GE Aerospace , which was formerly General Electric and is keeping the "GE" ticker symbol, gained roughly 1%. Figs — Shares of the health-care apparel maker slipped 6.2% following a Bank of America downgrade to underperform from neutral. Horton — The homebuilder's shares slipped 3.7%.

Persons: PVH, Calvin Klein, Tommy Hilfiger, Blackstone, Nextracker, Horton —, Wedbush, Horton, Brent Bowman, Tim Cabral, —, Sarah Min, Alex Harring, Samantha Subin Organizations: GE, —, GE Vernova, New York Stock Exchange, General Electric, GE Aerospace, SLB, CVS, Health, Medicare, Medicaid Services, CVS Health, UnitedHealth, Endeavor, Silver, Blackstone —, UBS, Barclays, Bank of America, Veeva Locations: Europe, D.R

☆ Stock futures are little changed after Dow's second straight losing day in new quarter: Live updates
▼ + stars: | 2024-04-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Tuesday night after the Dow Jones Industrial Average fell for a second day in a rough start to the quarter. S&P 500 futures were lower by 0.02%, while the Nasdaq 100 futures dipped 0.02%. The S&P 500 lost 0.7%, while the Nasdaq Composite tumbled nearly 1%. The S&P 500 is coming off its best first quarter since 2019. "We've heard day after day that we're either touching all-time highs or within reach of all-time highs.

Persons: Dow, Kristen, We've, Jerome Powell, Michelle Bowman, Adriana Kugler, Austan Goolsbee, Michael Barr, Levi Strauss Organizations: New York Stock Exchange, Dow Jones, Dow, Federal Reserve, Treasury, Nasdaq, Citi, Federal, Fed, Chicago Fed

☆ Where is Dan Schneider now? Everything to know about what happened to the Nickelodeon producer
▼ + stars: | 2024-04-02 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Schneider, who joined the kids' network in the '90s, made a name for himself as the creator of popular TV shows like " The Amanda Show, " " Drake & Josh ," "Zoey 101," and '" iCarly ." AdvertisementSchneider teased a comeback in a 2021 interviewJosh Peck, Dan Schneider, and Kenan Thompson in June 2011. Christopher Polk/Getty Images for NickelodeonIn an interview with The New York Times, Schneider said that his departure from Nickelodeon was a mutual decision and a welcome break from his intense work schedule. According to the Times, Schneider was also working on a family-friendly project. "I definitely, at times, didn't give people the best of me," he said.

Persons: —, Dan Schneider, Schneider, Drake, Josh, Josh Peck, Kenan Thompson, Christopher Polk, Bobby Bowman, Christy Stratton, Jenny Kilgen, Lawrence K, didn't Organizations: Service, Nickelodeon, Business, Getty, The New York Times, Times, massages, Los Angeles Times

☆ Everything former Nickelodeon stars have said in response to the docuseries 'Quiet on Set'
▼ + stars: | 2024-03-29 | by ( Olivia Singh | ) www.businessinsider.com time to read: +23 min

Former Nickelodeon stars are speaking out after Investigation Discovery's docuseries "Quiet on Set." AdvertisementInvestigation Discovery's docuseries "Quiet on Set: The Dark Side of Kids TV" has cast a shadow over Nickelodeon's legacy in children's TV. AdvertisementIn the meantime, here's everything former Nickelodeon stars have said since the release of "Quiet on Set." After coming forward about being sexually abused as a teen, Drake Bell called Nickelodeon's response 'empty'Drake Bell in episode two of the Investigation Discovery docuseries "Quiet on Set: The Dark Side of Kids TV." Josh Peck said that he contacted his 'Drake & Josh' costar Drake Bell privately to offer his supportJosh Peck and Drake Bell on season four of "Drake & Josh."

Persons: Discovery's, Drake Bell, Alexa Nikolas, —, Dan Schneider, Kate Taylor, Schneider, he'd, Nicole Bristow, Nikolas, Dan, doesn't, it's, Bell, Brian Peck, Sarah Fraser, Nickelodeon's, Peck, Tom DeSanto's, Drake, DeSanto, Josh, Josh Peck, Beth, Rich Correll, Raquel Lee Bolleau, Bolleau, Devon Werkheiser, Lindsey Shaw, Daniel Curtis Lee, Frazer Harrison, costars Lindsey Shaw, Werkheiser, Daniel, Zoey, Jack Salvatore, Mark Del Figgalo, Nickelodeon Salvatore, Sam, Salvatore, Jennette McCurdy, BooG, Bobby Bowman, Nancy Sullivan, Miranda Cosgrove, Jonathan Goldstein, WireImage Sullivan, Audrey Parker, Nichols, Sullivan, Bryan Hearne, Hearne, Tracey Brown, Madisyn Shipman, Shipman, Abby Wilde, Stacey Dillsen, They're, who's, Chris Massey, Michael, …, Massey, Michael Barret, Angel Massey, @chrismasseytmb, DAN, Allie DiMeco, DiMeco, Rosalina, Leon Frierson, Dan Schneider's, Frierson, I'm, Amber Frank, Frank, Kenan Thompson, Christopher Polk, Thompson, Kenan, Kel, I've, that's Organizations: Nickelodeon, Service, Business, YouTube, Eat, Kids, Disney Channel, Entertainment, Getty Locations: Hollywood

☆ Anyone want to pay an extra 50% for their Spotify subscription? This bill would make it mandatory.
▼ + stars: | 2024-03-28 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewLots of consumers like streaming music. Lots of musicians complain about streaming — they say it doesn't generate nearly as much revenue for them as they deserve and need. So here's a proposal to help fix that: a tax that would increase American consumers' music streaming bills by 50% — meaning you'd pay an extra $4 to $10 a month for services like Spotify or Apple Music. I don't believe there was ever a time that Americans supported a 50% tax hike on anything, for any reason. But when we got on the phone to discuss the bill this month, he said it's supposed to be taken literally and seriously.

Persons: —, Rashida Tlaib, Jamaal Bowman, Tlaib, Damon Krukowski, I'm, it's, Krukowski, you've, Taylor Organizations: Service, Apple, Business, Wage, Act, Rep, United Musicians, Allied Workers, Spotify Locations: Michigan, New York

☆ A New Surge in Power Use Is Threatening U.S. Climate Goals
▼ + stars: | 2024-03-13 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +14 min

Nathan Howard for The New York TimesIn California, electric vehicles could soon account for 10 percent of peak power demand. AP Photo/Mike StewartIn interviews, utility executives say gas is needed to back up wind and solar power, which don’t run all the time. Gas plants can sometimes be easier to build than renewables, since they may not require new long-distance transmission lines. “It’s going to take a diversified fleet.”Mr. Mitchell noted that Georgia Power was planning a large build-out of solar power and batteries over the next decade and would offer incentives to companies to use less power during times of grid stress. The tech companies and manufacturers that are driving up electricity demand could also play a major role, experts say.

Persons: ”, Daniel Brooks, Nathan Howard, Lauren Justice, Biden’s, “, Tyler H, Norris, Mr, John Wilson, Ken Seiler, Seiler, Devin Hartman, Duke, Kendal Bowman, Duke Energy’s, it’s, we’ve, Georgia Power, It’s, Greg Buppert, Megan Varner, Mike Stewart, Aaron Mitchell, “ It’s, Mitchell, Heather O’Neill, Brian Janous Organizations: Electric Power Research Institute, The New York Times, Duke University, Biden, Utilities, North American Electric Reliability Corporation, Boston Consulting, Dominion Energy, Nationwide, R Street Institute, The New York Times Soaring, Duke Energy, Georgia, Southern Environmental Law Center, AP, Dominion, Georgia Power, Advanced Energy, Microsoft Locations: America, California, Virginia, Georgia, North Carolina, South Carolina , Tennessee, Kansas, Northern Virginia, Arizona, Texas, Illinois, New Jersey, York City, PJM, “ Texas, Ashburn, Va, Dalton , Ga, Dalton, Duke

☆ Markets are eyeing a June rate cut. Here's what Fed officials have said on policy, jobs, and inflation that point to the next steps.
▼ + stars: | 2024-03-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Fed officials have said rate cuts are coming soon, but inflation must still cool further. Markets are placing the greatest odds on a rate cut in June, fed fund futures show. AdvertisementFederal Reserve officials have said interest rate cuts are coming this year, but there's not an exact date in their outlook just yet. Those expectations were little changed after Tuesday's inflation report, which showed CPI came in hotter than expected in February. Reducing our policy rate too soon could result in requiring further future policy rate increases to return inflation to 2 percent in the longer run."

Persons: —, there's, CME's, Jerome Powell, " Neel Kashkari, Michelle Bowman, Patrick Harker, Raphael Bostic, John Williams, Christopher Waller Organizations: Service, Federal, Bank of America, Capital, Capital Economics, Labor

WASHINGTON (AP) — Facing a barrage of super PAC money, more than 20 progressive groups are coming together to forcefully counter pro-Israel groups’ efforts to primary challenge liberal members who've been critics of Israel's blistering military offensive in Gaza. The coalition, called Reject AIPAC, includes Jewish peace organizations and Arab American and Muslim groups that have been organizing in record numbers since the Israel-Hamas war began in October. That campaign has turned the otherwise safely Democratic districts into election battlegrounds. Israel’s air and ground offensive has also driven most Palestinians from their homes and pushed one-quarter of the population toward starvation. This comes as AIPAC shifted in its own strategy in the last several years, transitioning from strictly a lobbying organization to helping elect centrist, pro-Israel Democrats.

Persons: who've, ”, Usamah, Jamaal Bowman, Ilhan Omar, Summer Lee of Pennsylvania, Cori Bush of, ” Andrabi Organizations: WASHINGTON, Israel, Hamas, American Israel Public Affairs Committee, Democratic, Justice Democrats, AIPAC, Democratic Party, Press, Congressional Progressive Caucus, Israel Democrats Locations: Gaza, Israel, Washington, New York, Minnesota, Cori Bush of Missouri

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