DIRS.INFO The most relevant business & tech news

☆ Book at these times to save money on summer flights for 2024
▼ + stars: | 2024-04-27 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In travel news this week: a gelato ban in Italy, runaway horses in central London, the orange fog that hit Athens and – if you’re still feeling brave enough – the best dates and times to book summer flights. When to book summer travelMid-to-late August is the best time for Americans to fly this summer, according to travel company Expedia. It recommends booking summer flights 21 to 60 days out – last year, travelers booking during this window saved around 15% on domestic and international travel. Similar savings were enjoyed by travelers who departed on a Monday for international flights or on a Tuesday for domestic flights, compared with those who opted for more popular Thursday and Friday departures. Over in London, laid-back Bethnal Green cocktail bar Satan’s Whiskers was this month named “Best Bar in the UK” at the Class Bar Awards.

Persons: you’re, It’s, –, Expedia, ” you’re, Speakeasy, Taylor, Swift, Pelumi Nubi, “ It’s Organizations: CNN, Travelers, Bethnal, Peugeot Locations: Italy, London, Athens, Europe, Greece, Helsinki, Finland, Buckingham Palace, Venice, Paris, Moulin Rouge, Colonia Juárez, Mexico City, North America, South London, Lagos, Nigeria, Italian, American

☆ Xi shakes up China’s military in rethink of how to ‘fight and win’ future wars
▼ + stars: | 2024-04-27 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

Chinese leader Xi Jinping oversees the inauguration of the Information Support Force of the People's Liberation Army at a ceremony in Beijing on April 19, 2024. The Information Support Force will be led by top generals from the now-defunct SSF. These functions will now be supervised at his level and not through the Strategic Support Force, which served as a middleman,” Wuthnow said. Though US intelligence officials said the balloon was part of an extensive surveillance program run by the Chinese military, Xi may not have been aware of the mission. Chinese leader Xi Jinping has scrapped the People's Liberation Army's Strategic Support Force, a branch he founded in 2015.

Persons: Xi Jinping, Xi, ”, Wu Qian, SSF, Bi Yi, Li Wei, Ju Qiansheng, Joel Wuthnow, ” Wuthnow, Joe Biden, didn’t, Xinhua News Agency James Char, Char Organizations: Hong Kong CNN, Strategic Support Force, Support Force, PLA, China’s Defense, Aerospace Force, Cyberspace Force, Central Military Commission, Logistic Support Force, Information, Force, People's Liberation Army, Xinhua News, Information Support Force, Xinhua, Pentagon, National Defense University, Aerospace Systems Department, Network System Department, Xinhua News Agency, Rajaratnam, of International Studies, SSF’s Aerospace Systems Department, “, Communist Party, Taiwan Locations: China, Hong Kong, Beijing, Washington, United States, Singapore, Ukraine, Taiwan Strait, Taiwan

☆ Fact check: Trump’s false courthouse claims about his trial
▼ + stars: | 2024-04-27 | by ( Daniel Dale | ) edition.cnn.com time to read: +9 min

Here’s a fact check of four of the claims he made about the trial. (For this particular article, we’ll leave aside the false claims he made in the courthouse about a variety of other subjects.) It is an armed camp to keep people away.” And he said in comments inside the courthouse on Thursday: “This courthouse is locked down; there’s not a person within five blocks.”Facts First: Trump’s claims are all false. Facts First: As he has before, Trump made Merchan’s gag order sound far broader than it is. The gag order does not prohibit Trump from declaring the case a sham or from sharing others’ claims that the case is a sham.

Persons: Donald Trump, Here’s, we’ll, Trump, it’s, Michael Cohen’s, Michael Cohen “, ” Cohen, “, ”, Cohen, Trump’s, ” Trump, Judge Juan Merchan’s, Merchan, you’re, “ I’m, Attorney Alvin Bragg, Bragg, Biden, Alvin Bragg’s, Matthew Colangelo, Colangelo Organizations: Washington CNN, New York Times, Trump, CNN, Monday, Republican, Intelligence, Manhattan, Attorney, Biden, Justice Department Locations: Lower Manhattan, Moscow, Russia, ”, Manhattan, York’s

How the U.S. Humanitarian Pier in Gaza Will WorkA humanitarian pier the U.S. military will bring to the Gaza Strip is currently being assembled and is expected to be ready to receive initial shipments of food and other aid early next month, according to military officials. Pier At the pier, loaded aid trucks are driven to Gaza’s shore. Gaza Strip EMPTY TRUCKS return to the pier Humanitarian partners will pick up aid near the shore to take it into the Gaza Strip. Pier At the pier, loaded aid trucks are driven to Gaza’s shore. Gaza Strip EMPTY TRUCKS return to the pier Humanitarian partners will pick up aid near the shore to take it into the Gaza Strip.

Persons: Juan Camilo Jimenez Garces, Trucks, OCHA, U.N, David Satterfield, Israel Organizations: United Nations, U.S . Agency for International Development, Military, Aid, Spanish, BANK, New York Times Ships, Army, New York Times, Food, WFP GAZA, United Nations Office, Humanitarian, New York Times Aid, Hamas, U.S Locations: U.S, Gaza, Larnaca, Cyprus, Dubai, Kenya, Europe, CYPRUS Larnaca, BANK GAZA, ISRAEL EGYPT, LEBANON, Israel, United States, Med, ISRAEL Rafah, Shalom, Egypt, Israel’s

☆ The Offense That Harvey Weinstein Can Never Be Convicted Of
▼ + stars: | 2024-04-27 | by ( Jodi Kantor | ) www.nytimes.com time to read: +1 min

For the first time in years, there is a chance that Harvey Weinstein could walk free. His New York conviction for sex crimes was overturned on Thursday. Manhattan’s district attorney says he wants to retry Mr. Weinstein, but that seems, at most, a maybe. Many of Mr. Weinstein’s accusers say they are horrified. But criminal convictions have never seemed like the ultimate measure of Mr. Weinstein’s behavior.

Persons: Harvey Weinstein, Mr, Weinstein, —, ” Locations: York, Manhattan’s, Los Angeles, New York

☆ Ancient DNA pulls back curtain on mysterious empire
▼ + stars: | 2024-04-27 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Analysis of ancient DNA recovered from human remains has illuminated the traits and ancestry of historic individuals — be it a mummified iceman, Chinese emperor or legendary composer. The origins of the empire and its people remained obscure until a landmark April 2022 study found they hailed from the Mongolian steppe. Carolyn Kaster/APNaturalists have spotted the first arrivals in this spring’s historic cicada dual emergence. Sign up here to receive in your inbox the next edition of Wonder Theory, brought to you by CNN Space and Science writers Ashley Strickland and Katie Hunt.

Persons: It’s, Loki, Gerald Eichstädt, Thomas Thomopoulos, ”, Scott Bolton, Bolton, George Mallory, Andrew Irvine, Mallory, Ruth, Carolyn Kaster, haven’t, you’re, —, Ashley Strickland, Katie Hunt Organizations: CNN, of Archaeological Sciences, Eötvös Loránd University, Múzeum, NASA, Voyager, JPL, Caltech, Southwest Research Institute, Magdalene College , Cambridge, AP Naturalists, — Boeing, — Surgeons, Hubble, CNN Space, Science Locations: Rákóczifalva, Hungary, Central, Eastern Europe, Mount, United Kingdom, Macon , Georgia, South, Midwest

☆ The ‘outside agitator’ narrative has a long history
▼ + stars: | 2024-04-27 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +13 min

In these instances, and others, authorities have not offered many specifics about who the “outside agitators” are, how significant their numbers are or how they differentiated outsiders from university-affiliated protesters. “It seems to me that the ‘outside agitator’ claim is one to shift the focus away from the grievances of the students and their protest.”The emphasis on “outside agitators,” Morris says, detracts from the central issue that is driving students to protest: Israel’s war in Gaza. ‘Outside agitator’ trope has a long historyYou don’t have to look far back in history to find examples of the “outside agitator” narrative. “We want to say as clearly as possible - we welcome ‘outside agitators’ to our struggle against the ruthless genocide of Palestinians.”Still, the use of the term is more complicated than it seems. As pro-Israel politicians have amplified concerns around antisemitism, some supporters of students’ right to free expression have suggested “outside agitators” are undermining otherwise peaceful protests.

Persons: ”, Eric Adams, Kaz Daughtry, Gregory Fenves, Aldon Morris, Morris, aren’t, ” Morris, ’, detracts, Donald Trump, Trump, George Floyd, Jose Lusi Magana, —, Kathleen Fitzgerald, White, ” Fitzgerald, Bruce Solomon, Solomon, Martin Luther King Jr, “, Emory, Ayanna Pressley, Hank Johnson, Netanyahu, ” Alex Slitz, ” What’s Organizations: CNN, New York Police Department, Columbia University, New York University, New York City, NYPD, Fox, Emory University, University, Emory, Northwestern University, Associated, AP, White House, Washington D.C, Getty, Parkland, Civil Rights Movement, University of North, Southern Christian Leadership Conference, ”, Atlanta, Spelman College, Yale University, Chapel Hill, University of Texas Locations: Gaza, New York, York, ”, Washington, AFP, Oklahoma, Ferguson , Missouri, University of North Carolina, Mississippi, Brooklyn, Jackson, Miss, Birmingham, United States, Israel, Atlanta, Georgia, Columbia, Austin

☆ Julian Assange’s mission was to change the world - but at what cost?
▼ + stars: | 2024-04-27 | by ( Lauren Said-Moorhouse | Claudia Rebaza | ) edition.cnn.com time to read: +14 min

Julian Assange leaves a Melbourne court after facing charges of computer hacking in 1995. WikiLeaks/ReutersUnder a global spotlightAs WikiLeaks continued its disclosures, Assange found himself the latest cause célèbre – his every movement intensely scrutinized. … He liked the fuss that (the disclosures) caused but he was oddly incurious actually about the documents.”Others offer alternative explanations for Assange’s eccentricities. There were mounting calls for Assange to leave WikiLeaks and, when he didn’t, many cut ties with it. Outside the confines of his diplomatic shelter, the world questioned whether Assange was trying to circumvent justice.

Persons: London CNN — Julian Assange, ”, He’s, Chelsea Manning, Joe Biden, Assange’s, Anthony Albanese, Assange, “, ” –, Julian Assange, Ian Kenins, Sarah Palin’s, Atika Shubert, Shubert, ” Shubert, célèbre, Fidel Narvaez, “ Assange, ” Narvaez, James Ball, Joe Raedle, ” Ball, Ball, …, Narvaez, Hans Crescent, Lenin Moreno, Moreno, Abu Hamza al, Masri, Stella Assange, Daniel Leal, Stella, “ I’m, Nick Vamos, It’s, Alice Jill Edwards, Agnès Callamard, El País, Der Spiegel, Jameel Jaffer, Xiaofei Xu, Alex Stambaugh Organizations: London CNN, WikiLeaks, Court, Ecuadorian, Army, Australian, Pentagon, NASA, University of Melbourne, Fairfax Media, of Scientology, Republican, CNN, Chelsea, Apache, Reuters, Guardian, Ellingham, Hans, London’s Metropolitan Police, US Justice Department, of Justice, Britain's, Getty, Peters & Peters, Prosecution Service, Human Rights, UN, Amnesty, The New York Times, Columbia University Locations: United States, Australian, London’s, Australia, Townsville, Queensland, cybercrime, Melbourne, Guantanamo Bay, Cuba, Iraq, London, Afghanistan, ”, Sweden, Ecuador, UK’s, Belmarsh

☆ Opinion: I’m a Jewish student at Yale. Here’s what everyone is getting wrong about the protests
▼ + stars: | 2024-04-27 | by ( Opinion Ian Berlin | ) edition.cnn.com time to read: +6 min

CNN —Last week, I sat in Yale University’s Beinecke Plaza leading around 50 classmates in nigunim — wordless melodies from the Jewish Hasidic tradition — and other Jewish songs and prayers. As a fourth-year Yale student, I find this characterization to be deeply frustrating, as it could not be further from the truth. Indeed, Yale Jews for Ceasefire exists because of — not in spite of — our Jewish values. Our present moment is a precarious one for the Jewish people, fraught with disagreement about what our Jewish values mean to us. At Yale, organizers of all faiths continue to build a community that is dedicated to moving forward in collaboration with, not opposition to, Jewish students.

Persons: Ian Berlin, nigunim, Ian Berlin Ben Weiss That’s, ’, Joe Biden, —, Peter Salovey’s, Nachshon Organizations: Yale, CNN, Beinecke, Occupy Beinecke coalition, Columbia, Palestine, Jewish, Israel, Columbia University, UN, Central Locations: Beinecke, Israel, Gaza, New Haven, Beinecke Plaza, havdalah, Egypt

☆ Ship with 400 tons of food aid destined for Gaza has left Cyprus
▼ + stars: | 2024-04-27 | by ( Zeena Saifi | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +4 min

The United Arab Emirates has now partnered with an aid agency to send crucial assistance to Gaza via the Israeli port of Ashdod. A UAE official told CNN Saturday that the vessel laden with critical food aid left on Saturday through a relationship with American Near East Refugee Aid (ANERA). Itayam told CNN the 400 tons of aid would undergo Israeli security clearance upon arrival. The plan is for most of the food aid to be delivered to northern Gaza, but Itayam said that depending on the security situation, ANERA might consider sending a shipment to the south as well. The United States has already begun construction of the pier, intended to help deliver humanitarian aid to Gaza, the Pentagon said on Thursday.

Persons: Jerusalem CNN —, Jennifer, ”, Itayam, Kerem Shalom, ANERA, Grant Shapps, “, ” Matthew Hollingworth Organizations: Jerusalem CNN, United Arab, UAE, CNN, American, East Refugee, West Bank, Mohenad, ANERA, of, Britain’s Royal Navy, United, Pentagon, Royal Navy, ”, British, Food, Integrated Locations: Jerusalem, Gaza, Cyprus, Israel, United Arab Emirates, Ashdod ., Larnaca Port, Israel’s Ashdod, Kerem, Territories, UAE, Cardigan, United States, ”

☆ The US economy may end up caught in a dreaded period of stagflation. 2 experts outline the scenario, and how to keep your money safe
▼ + stars: | 2024-04-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

This would force interest rates to stay higher for longer, putting pressure on US businesses and consumers. NEW LOOK Sign 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 . AdvertisementA pair of economic reports has brought back a word no central banker ever wants to hear: stagflation. The difficult scenario occurs when inflation rises and growth stalls, a dangerous combination just experienced by the US economy.

Persons: stagflation, —, Thursday's, LPL, Jeffrey Roach, Mike Reynolds, Reynolds, Jamie Dimon, Roach, shouldn't Organizations: Service, Federal, yesterday's, Fed, Wall Street, Bank of America

☆ How Justice Amy Coney Barrett drove the Supreme Court’s debate on abortion and Trump immunity
▼ + stars: | 2024-04-27 | by ( John Fritze | ) edition.cnn.com time to read: +7 min

Barrett pins Trump down on his absolute immunity argumentsAs the second-least senior justice, Barrett sits at the far end of the Supreme Court’s mahogany bench. That was a notable break from earlier arguments Trump submitted that called for “absolute” immunity on a much wider scale of acts. A party turns to a private attorney, Barrett hypothesized, “who was willing to spread knowingly false claims of election fraud” to spearhead his challenges to an election. That appeared to be a reference to former Trump attorney Rudy Giuliani, identified by CNN as “co-conspirator 1” in Smith’s indictment. “This is where someone like Justice Barrett gets to pressure test an advocate’s points,” she said.

Persons: John Roberts, Amy Coney Barrett, ”, Donald Trump, Barrett, Trump’s, Trump, Roe, Wade, “ We’ve, Steve Vladeck, “, Jack Smith’s, John Sauer, –, Sauer, Smith, Rudy Giuliani, ” Barrett, ” Sauer, Michael Dreeben, ” Dreeben, Ilya Somin, ” Somin, ” ‘, Sonia Sotomayor, quizzing, Biden, Sotomayor, Josh Turner, Turner, I’m, ” Turner, ” Barrett interjected, ’ ”, Beth Brinkmann, litigator Organizations: CNN, Center for Reproductive Rights, University of Texas School of Law, Trump, George Mason University Locations: Idaho

☆ 2 experts outline a looming scenario where the US economy ends up caught in a dreaded period of stagflation
▼ + stars: | 2024-04-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

☆ Devastating tornadoes rip through Nebraska and Iowa, sending crews searching flattened homes as storm threat continues
▼ + stars: | 2024-04-27 | by ( Aya Elamroussi | ) edition.cnn.com time to read: +5 min

The severe weather threat is expected to continue through Sunday, with Saturday possibly being the most dangerous day. Strong tornadoes are possible from Michigan to Texas, including in Oklahoma City, Kansas City, Dallas, Milwaukee, Chicago and Austin. What to expect SaturdayMore than 50 million people are under the threat of severe weather Saturday from the Southern Plains into the Great Lakes region. “A complex but potentially significant severe weather episode is expected on Saturday,” the Weather Prediction Center said Friday. The tornado threat could ramp up considerably through the late afternoon and evening hours with “multiple strong tornadoes” possible, according to the prediction center.

Persons: “, Todd Schmaderer, ”, Douglas, Margery A, Beck, Kim Reynolds Organizations: CNN, National Weather Service, Saturday, Omaha Police, Minden , Iowa Gov, Prediction, Oklahoma City, Tulsa Locations: Nebraska, Iowa, Michigan, Texas, Elkhorn, Omaha , Nebraska, South, Minden, Oklahoma City , Kansas City, Dallas, Milwaukee, Chicago, Austin, Omaha, City, Douglas County, Nebraska’s Shelby, Lincoln , Nebraska, Waverly, Minden , Iowa, Pottawattamie County, •, Waco, Southern, Plains, Oklahoma, Kansas, Wisconsin, Illinois, Lower Mississippi Valley

☆ Biden says he would be 'happy to debate' Trump
▼ + stars: | 2024-04-26 | by ( Kyla Guilfoil | ) www.cnbc.com time to read: +1 min

President Joe Biden said Friday during a one-on-one interview with radio host Howard Stern that he is willing to debate Donald Trump ahead of the 2024 presidential election. "I am, somewhere, I don't know when, but I am happy to debate him," Biden said in the interview. When asked in February about Trump's calls for debate, Biden merely said, "If I were him, I'd want him to debate me, too. In response to Biden's remark on Friday, a Trump campaign adviser, Chris LaCivita, said in a post to X, "Ok let's set it up!" The president's new openness for the debate comes after Trump has been advocating for a chance to go head-to-head with Biden on stage.

Persons: Joe Biden, Milton J, Howard Stern, Donald Trump, Biden, Trump's, I'd, He's, Trump, Chris LaCivita Organizations: Rubenstein Museum of Science, Technology Locations: America, Central New York, Syracuse , New York, U.S

☆ Trump allies are drawing up plans to make the Fed less independent, report says
▼ + stars: | 2024-04-26 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +1 min

Allies of former president Trump are drafting plans to chip away at the independence of the Fed, The Wall Street Journal reported. Trump has not publicly acknowledged the plan, but sources said it has his blessing. The plan also suggests Trump could fire Jerome Powell before his term ends in 2026. NEW LOOK Sign 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 .

Persons: Trump, Jerome Powell, —, Donald Trump's Organizations: Fed, Street Journal, Service, Republican, Federal Reserve, Street, Business

☆ Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
▼ + stars: | 2024-04-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. The plans, which the Journal report described as highly secretive, are part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration's goals. While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him. Trump campaign officials told the Journal that the draft proposals shouldn't be considered "official."

Persons: Donald Trump, Donald Trump's, Trump, Jerome Powell, Powell Organizations: Federal, Wall, Treasury Department Locations: Manhattan, New York

☆ Blinken says U.S. and China must avoid miscalculations as Beijing warns against 'red lines'
▼ + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (L) shakes hands with China's Director of the Office of the Central Foreign Affairs Commission Wang Yi at the Diaoyutai State Guesthouse in Beijing on June 19, 2023. (Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images)Secretary of State Antony Blinken on Friday emphasized the need for the U.S. and China to avoid "miscalculations" and "misunderstandings." Speaking in Beijing ahead of a closed-door meeting with Chinese Foreign Minister Wang Yi, Blinken said there is no substitute for "face-to-face diplomacy." Both sides need to make sure "that we're as clear as possible about the areas where we have differences, at the very least to avoid misunderstandings, to avoid miscalculations," he told reporters. In his remarks, Wang told Blinken that U.S.-China relations are "beginning to stabilize" with increased dialogue and cooperation.

Persons: Antony Blinken, Central Foreign Affairs Commission Wang Yi, Leah MILLIS, LEAH MILLIS, Wang Yi, Blinken, Wang, Joe Biden, Xi Jinping, Xi —, — Biden Organizations: Central Foreign Affairs Commission, Getty Images, U.S, Foreign, Economic Cooperation Locations: Diaoyutai, Beijing, China, Washington, San Francisco, Asia, U.S

☆ Step inside Scottsdale, Arizona, where migrating millionaires have created one of the hottest housing markets in the country
▼ + stars: | 2024-04-26 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Scottsdale has seen a 102% increase in millionaire residents over the past decade. The appeal of Scottsdale lies in its booming business scene and stunning desert landscapes. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to the USA Wealth Report by Henley & Partners, that's a 102% increase in millionaire residents over the past decade. From a booming business scene to breathtaking desert landscapes, here's what I found.

Persons: —, that's Organizations: Service, AZ Central, USA, Henley & Partners Locations: Scottsdale , Arizona, Scottsdale

☆ Trump's team wants to restructure the Fed and let him have a say on interest rate decisions: WSJ
▼ + stars: | 2024-04-26 | by ( Ayelet Sheffey | Madison Hall | ) www.businessinsider.com time to read: +5 min

Some members of Trump's team want to restructure the Federal Reserve, the WSJ reported. That could include allowing the president to have a direct say on interest rate decisions. Trump has previously been critical of Powell's handling of interest rates during the pandemic. To help the Fed achieve its 2% inflation target, the Federal Open Market Committee has hiked interest rates 11 consecutive times since March 2022. Advertisement"I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."

Persons: Jerome Powell, —, Donald Trump, Trump, President Trump, Susie Wiles, Chris LaCivita, Powell, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Joe Biden, Robert F, Kennedy Jr, Biden Organizations: Federal Reserve, Service, Street, Trump, Management, Federal, Fed, Fox News, Republican, Florida Gov, South Carolina Gov, Biden, GOP Locations: New York

☆ All the data so far is showing inflation isn't going away, and is making things tough on the Fed
▼ + stars: | 2024-04-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Finally, consumers are dipping into savings to fund those purchases, creating a precarious scenario, if not now then down the road. With unemployment under 4%, it shouldn't be that surprising that prices aren't" going down, said Joseph LaVorgna, chief economist at SMBC Nikko Securities. So you might have a sticky inflation scenario." "If inflation remains higher, the Fed will be faced with the difficult choice of pushing the economy into a recession, abandoning its soft-landing scenario, or tolerating inflation higher than 2%," Sanders said. "To us, accepting higher inflation is the more prudent option."

Persons: Justin Sullivan, Joseph LaVorgna, LaVorgna, Donald Trump, Biden, Mike Sanders, Sanders Organizations: Getty, Federal Reserve, Commerce Department, Nikko Securities, National Economic Council, Madison Investments Locations: San Rafael , California, U.S

☆ 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

☆ Middle East Crisis Army Begins Work on Floating Pier Meant to Get More Aid to Gaza, U.S. Says
▼ + stars: | 2024-04-26 | by ( Helene Cooper | ) www.nytimes.com time to read: +8 min

- [NON-ENGLISH SPEECH] More than 200 aid workers have been killed in the war in Gaza, according to the United Nations. Weeks before the World Central Kitchen strike, a logistics coordinator for another American aid group called ANERA returned home after distributing supplies. Mousa Shawa was still wearing his ANERA vest when an Israeli strike hit the house, killing him; his 6-year-old son, Kareem; and several neighbors. “We’ve seen tracers going towards the sea.” At this shelter on January 8, the aid group said a projectile was fired through the building, killing a 5-year-old girl. What went wrong in the deconfliction system is still not clear to the aid group.

Persons: “, misclassification, It’s, ANERA, Shawa, Kareem, Mousa, Dua, they’d, they’ve, —, ” Israel, Israel Organizations: Central Kitchen, Washington , D.C, Israel Defense Forces, United Nations, The Times, Hamas, Times, Munitions, Sky News, International Rescue Committee, Aid, “ Locations: Washington ,, Gaza, Israel, Israeli, ANERA, British, U.S

☆ Treasury yields ease slightly ahead of key inflation data
▼ + stars: | 2024-04-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury was down by over three basis points to 4.6754%. The yield on the 2-year Treasury was last more than one basis point lower at 4.9850%. U.S. Treasury yields fell on Friday as investors digested Thursday's gross domestic product report and looked ahead to the release of key inflation figures. The yields on the 10-year Treasury and 2-year Treasury had soared to their highest levels since November on Thursday, following the release of a weaker-than-expected U.S. gross domestic product reading. Fresh inflation insights are expected Friday in form of the personal consumption expenditures price index, the Fed's favored inflation gauge.

Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, PCE

☆ Talk of an Immigrant ‘Invasion’ Grows in Republican Ads and Speech
▼ + stars: | 2024-04-26 | by ( Jazmine Ulloa | ) www.nytimes.com time to read: +1 min

A campaign ad from a Republican congressional candidate from Indiana sums up the arrival of migrants at the border with one word. He calls it an “invasion.”The word invasion also appears in ads for two Republicans competing for a Senate seat in Michigan. In West Virginia, ads for a Republican representative facing an uphill climb for the Senate say President Biden “created this invasion” of migrants. It was not so long ago that the term invasion had been mostly relegated to the margins of the national immigration debate. But now, the word has become a staple of Republican immigration rhetoric.

Persons: Biden “ Organizations: Republican Locations: Indiana, Michigan, New York, Missouri, West Virginia, Congress

Search resuls for: "Central"

25 mentions found