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☆ Dollar droops to one-month low vs euro before key CPI test
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, the new £10 note is seen alongside euro notes and U.S. dollar bills on Oct. 13, 2017 in Bath, England. The euro edged up 0.03% to $1.0823 in Asian trading hours, and earlier rose to $1.0828 for the first time since April 10. The dollar edged back 0.12% to 156.245 yen on Wednesday, but had pushed as high as 156.80 overnight. The dollar dropped 0.24% to 7.2232 yuan in offshore trading, after reaching the highest since May 1 at 7.2460 overnight. The New Zealand dollar climbed 0.37% to $0.6062, and earlier touched $0.6064 for the first time since April 10.

Persons: Alan Ruskin, Jerome Powell, Tony Sycamore, Joe Biden's Organizations: Reserve, U.S, Treasury, Deutsche Bank, Bank of Japan, CPI, IG, Australian, New Zealand Locations: Bath, England, U.S, China

☆ University of California Workers Vote to Authorize Strike in Rebuke Over Protest Crackdowns
▼ + stars: | 2024-05-15 | by ( Jonathan Wolfe | ) www.nytimes.com time to read: +1 min

But academic workers in the University of California system authorized their union on Wednesday to call for a strike over something else entirely: free speech. 4811, represents about 48,000 graduate students and other academic workers at 10 University of California system campuses and the Lawrence Berkeley National Laboratory. The strike authorization vote, which passed with 79 percent support, comes two weeks after dozens of counterprotesters attacked a pro-Palestinian encampment at the University of California, Los Angeles, for several hours without police intervention, and without arrests. The vote does not guarantee a strike but rather gives the executive board of the local union, which is part of the United Auto Workers, the ability to call a strike at any time. Eight of the 10 University of California campuses still have a month of instruction left before breaking for summer.

Persons: Lawrence, counterprotesters Organizations: University of California, U.A.W, Lawrence Berkeley National Laboratory, United Auto Workers Locations: Los Angeles

☆ Supreme Court allows second majority-Black district in Louisiana over liberal dissents
▼ + stars: | 2024-05-15 | by ( John Fritze | Fredreka Schouten | ) edition.cnn.com time to read: +8 min

The ruling will have an impact beyond the Louisiana district, which likely explains the vote count, said CNN Supreme Court analyst Steve Vladeck. The Supreme Court has never defined what constitutes a “last-minute” election decision that should bar courts from weighing into such disputes. In a brief dissent, Justice Ketanji Brown Jackson said it was premature for the Supreme Court to intervene in the case. Louisiana came to the Supreme Court caught between two lower court orders. Two years ago, the Supreme Court allowed that map to be used in the midterm even though a lower court said it was likely illegal.

Persons: Sen, Cleo Fields, “, ”, Liz Murrill, –, Steve Vladeck, Vladeck, Purcell, Justice Ketanji Brown Jackson, Purcell “, ” “, ” Jackson, Jackson, ” Vladeck, “ Today’s, Garret Graves, Jeff Landry’s, ” Michael McClanahan, ” Edward Greim, Paul Hurd Organizations: CNN, Democrats, Representatives, Democrat, Republican, US, CNN Supreme, Black, University of Texas School of Law, Louisiana Gov, Court, Supreme, White Republicans, White, NAACP Louisiana State Conference, “ Locations: Black, Louisiana, Shreveport, Baton Rouge, Rep, Bayou, Republican Louisiana

☆ The pandemic has changed when Americans expect to retire
▼ + stars: | 2024-05-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Most non-retired adults have some type of retirement savings, but only 36% think their savings are on track. New research from economists at the Federal Reserve Bank of New York finds that this retirement savings deficit hasn’t made a dent in when Americans plan to exit, or partially exit, the workforce. “The pandemic-induced change in retirement expectations may continue to affect the labor market in years to come,” they wrote. Yes, but: This is a survey of expectations, researchers at the New York Fed are quick to point out. Just because Americans say they plan to shift to part-time work or retire early, it doesn’t mean that they’ll be able to.

Persons: Felix Aidala, Gizem Kosar, Wilbert van der, ”, They’re, Alicia Wallace, delinquencies, Joelle, CNN’s Parija, Donna Morris, Morris, ” Morris Organizations: CNN Business, Bell, New York CNN, Census, Federal Reserve Bank of New York, Social Security, New, Survey, SCE, triannual, Social, Social Security Agency, Lawmakers, New York Fed, Federal Reserve Bank of New, “, Public Policy Research, Credit, Walmart, CNN, San Francisco Bay Area Locations: New York, United States, York, Federal Reserve Bank of New York, Bentonville , Arkansas, Walmart’s Dallas, Atlanta, Toronto, Bentonville, San Francisco Bay, Hoboken , New Jersey

☆ Robert Fico: Slovakia’s PM in life-threatening condition after being shot multiple times
▼ + stars: | 2024-05-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —Slovakia’s Prime Minister Robert Fico was in a life-threatening condition in hospital Wednesday after he was shot multiple times in an assassination attempt. Slovakia's Prime Minister Robert Fico attends a European Council summit in Brussels, on April 18, 2024. Kenzo Tribouillard/AFP via Getty Images/FILEFico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018. European Commission President Ursula von der Leyen, tweeted: “I strongly condemn the vile attack on Prime Minister Robert Fico. My thoughts are with PM Fico, his family.”And Hungarian Prime Minister Orban added: “I was deeply shocked by the heinous attack against my friend, Prime Minister Robert Fico.

Persons: CNN —, Robert Fico, Fico, Zuzana Čaputová, “ I’m, Roberto Fico, ” Čaputová, upend, “, ”, Vladimir Putin, Viktor Orban, Kenzo Tribouillard, Jan Kuciak, Martina Kušnírová, Kuciak, Ursula von der Leyen, Orban Organizations: CNN, CNN — Slovakia’s, Facebook, Ukraine, NATO, Kremlin, Hungary’s, European Union, Slovakia's, Getty Locations: Handlova, Banska Bystrica, Bratislava, Slovak, Ukraine, Brussels, AFP, Hungarian

☆ Royal Mail owner IDS set to agree $4.4 bln Kretinsky takeover bid
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

IDS owns UK's Royal Mail, which is loss making, and international parcels network GLS. Royal Mail was privatised in 2013 in one of Britain's biggest state sell-offs in decades. It is expected the commitment to offer these contractual undertakings to the British government would be reflected in the cooperation agreement between the parties if a firm offer is made, it added. EP Group now has until May 29 to make a formal offer or walk away. EP is a 100% shareholder in VESA Equity investment which owns Kretinsky's IDS stake of nearly 28%.

Persons: Daniel Kretinsky, Keith Williams Organizations: International, Services, IDS, Royal Mail, UK's, Royal, National Security and Investment, Reuters, Equity Locations: Czech, London, Britain, British

☆ Apple desperately needs its Next Big Thing
▼ + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com time to read: +10 min

But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.

Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia

☆ Climate protesters interrupt Italian Open matches, throwing confetti on the court and gluing themselves to stands
▼ + stars: | 2024-05-14 | by ( Ben Morse | Marta Simonella | ) edition.cnn.com time to read: +2 min

CNN —Climate protesters interrupted two matches at the Italian Open on Monday, throwing confetti onto the court and gluing themselves to the stands, organizers said. In footage of the event, fans could be heard voicing their displeasure as the protesters ran onto court. Other protesters glued themselves to the stands, organizers said in a statement. Protesters caused a stir in the stands at the Italian Open. You have to do something …”According to the Italian Open organizers, Ultima Generazione were in Rome to discuss “some proposals” and “had already staged several protests.”“The request from the environmentalists of Ultima Generazione is for a reparations fund for climate disasters,” the statement added.

Persons: Madison Keys, Cîrstea, Keys, Świątek, Dan Istitene, Santiago González, Roger, Vasselin, Marcelo Arévalo, Mate Pavić, Pavić, “, ” Organizations: CNN, Cîrstea, Ultima Locations: Italian, Rome

☆ US politicians aren’t prepared for the AI revolution. That’s bad for the economy
▼ + stars: | 2024-05-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Now look at AI, we’re going to have that same disruption except it’s going to be much faster. We really need to rethink how we manage change. There are many communities and many groups of individuals who don’t really feel like contemporary capitalism is serving them well. If I said, “I’m going to have a block grant for communities. I’m going to boost community colleges,” why is that bad?

Persons: Columbia Business School Glenn Hubbard, Bell, Hubbard, they’ve, that’s, it’s, That’s, I’m, don’t, we’re, “ I’m Organizations: CNN Business, Bell, New York CNN, Columbia Business School, Biden Locations: New York, United States

☆ See aboard USS George Washington, an aircraft carrier with a checkered recent history
▼ + stars: | 2024-05-13 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

More mental health resourcesSailors depart for small boat operations in a rigid-hull inflatable boat assigned to the Nimitz-class aircraft carrier USS George Washington (CVN 73). US Navy photo by Mass Communication Specialist Seaman Wadelon PresleyThe Navy is taking strides to improve the quality of life for sailors aboard the Washington. Kellylynn Zuni, the GW's clinical psychologist, told Health News Florida that the permanent mental health staff on the ship has doubled, allowing them to see any sailor who needs immediate help. The Navy is also creating a psychiatrist intervention team to provide mental health care in emergencies. In February, the ship also opened a new rest and recreation area for sailors that includes a library, TV, videogames, computers, and phones to stay in contact with their families.

Persons: George Washington, Seaman Wadelon Presley, Adm, Daryl Caudle, Caudle Organizations: Nimitz, US Navy, Communication, Navy, Health News, Fleet Forces, USNI News Locations: Washington, Health News Florida

☆ A 19-year-old called 911 in a crisis and ended up dead. For advocates, it’s a call for a better way of policing
▼ + stars: | 2024-05-12 | by ( Zoe Sottile | ) edition.cnn.com time to read: +12 min

In New York, a similar but limited pilot program called “B-Heard” dispatches EMTs and trained mental health responders to some emergency calls. 2 minutes, 4 gunshots, and a young life cut shortRozario was in the throes of an apparent mental health crisis when he called 911 on March 27. Another vision for crisis interventionRozario wasn’t the first New Yorker to die at the hands of police while experiencing a mental health crisis. Community Access, a non-profit supporting people with mental health concerns in New York, says at least 26 New Yorkers experiencing mental health crises have been shot and killed by police since 2007. “No mother should have to go through the pain I’m going through,” Rozario’s mother said.

Persons: CNN —, ” Notan Eva Costa, “, ” Costa, ”, general’s, Win Rozario, Rozario, EMTs, Loyda Colón, Utsho, “ Tell, Colón, ” Colón, Michael Alcazar, Kawaski Trawick, Deborah Danner, Mohamed Bah, Jeremy Gates, Evan Thompkins, ” Arvind Sooknanan, Sooknanan, Ken Zimmerman, Fountain, they’ve Organizations: CNN, New, New York City, Rozario, NYPD, Justice, John Jay College of Criminal, Eugene Police Department, White Bird Clinic, “, STAR, Fountain House Locations: Queens, New York, New York City, Eugene , Oregon, Denver , Colorado, South Dakota, Rozario, Alcazar, Eugene, Springfield , Oregon, Colorado, Denver, Fountain

☆ Opinion: Eurovision’s slogan is ‘United by Music.’ The reality turned out very different
▼ + stars: | 2024-05-12 | by ( Opinion Louis Staples | ) edition.cnn.com time to read: +8 min

CNN —The Eurovision Song Contest is a glittery and eccentric spectacle that rivals the Super Bowl for its attraction to audiences. When combined with the jury vote, Israel’s impressive public vote tally saw Golan finish in fifth place overall. Despite this, the EBU has always insisted that Eurovision is an apolitical music competition between broadcasters, rather than a political competition between governments. The 2023 contest in Liverpool was a moving display of unity — so much that Liverpool’s slogan, “United By Music,” was adopted by Eurovision for all future contests. On Saturday, there was very little sense that Eurovision was “united by music.” Some fans boycotted, while others mobilized online to vote for Israel.

Persons: Louis Staples, Celine Dion, Louis Staples Louis Staples, Greta Thunberg, Eden Golan, Israel, —, Lasagna, Golan, Nemo, Russia —, ”, Turkey, Isaac Herzog, Bambie, Joost Klein, AVROTROS, Martin Österdahl Organizations: Guardian, Rolling Stone, Wired, CNN, Super Bowl, Hamas, European Broadcasting Union, Eurovision, EBU, “ United, Music, Israel, Ukraine, Twitter, Facebook Locations: London, Slate, Switzerland, Swedish, Malmö, Gaza, Europe, Turkey, Israel, Russia, Greece, Cyprus, Ukraine, Liverpool, United Kingdom, Italy, France, Germany, Netherlands, Dutch

☆ Universities Anticipate Disruptions to Graduation Ceremonies
▼ + stars: | 2024-05-11 | by ( Victoria Kim | ) www.nytimes.com time to read: +6 min

The virtual meeting was attended by several hundred members of the Senate, which includes all faculty members who meet certain criteria. A vote of no confidence in Mr. Block would have been the harsher of the two measures. Mr. Block, 75, did not comment on the resolutions on Friday. Medical school faculty members described hearing from medical students and residents who had been attacked as they tried to treat injured protesters. will join a list of universities whose faculty and staff have united with protesters to rebuke their administrators’ handling of pro-Palestinian demonstrations.

Persons: Counterprotesters, Gene Block, ”, Carlos Santos, U.C.L.A, Block, Tom Jackson Jr, counterprotesters, Mark Abramson, “, Matt Barreto, Mr, Barreto Organizations: Senate, University of California, Legislative Assembly, Luskin School of Public Affairs, Medical, University of Southern, The University Senate, California State Polytechnic University, Humboldt, Police, California, Patrol, The New York Times, Jewish Federation Los Angeles Locations: U.C.L.A, Los Angeles, University of Southern California

☆ What Did P.S.G.’s Money Buy?
▼ + stars: | 2024-05-10 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

As a final scene it was so fitting that, for a second, it was possible to wonder if Kylian Mbappé had done it on purpose. He had reached the dying embers of Paris St.-Germain’s run in the Champions League. Yet again, the dream of European glory that powered the club for more than a decade had been dashed. Suddenly, here he was, clean through on goal: the best player in the world, the hometown icon who has come to symbolize P.S.G.’s ambition, prowess, excess and hubris, his flashbulb moment at his fingertips. And then, as Dortmund’s defiant back line trailed helplessly in his blistering wake, Mbappé slipped.

Persons: Kylian Mbappé, Mbappé Organizations: Champions League Locations: Paris St

☆ AI washing: A Microsoft VC's warning about dubious, and rising, corporate artificial intelligence claims
▼ + stars: | 2024-05-10 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Some are practicing something called "AI washing," which Securities and Exchange Commission chair Gary Gensler explained in a video includes "false claims to investors by those purporting to use those new technologies." In reality, what AI washing leads to is a breakdown of confidence between vendors and their consumers, enterprise partners and investors. Bates says so-called button-pushing applications are AI washing, too. "These prompts that are being sold as AI companies, they have to be maintained and monitored and adjusted in order to work." Stewart says even 80–90% gross profitability for a fully AI company with limited human intervention is standard.

Persons: they're, Gary Gensler, It's, it's, Michael Stewart, Timothy Bates, Bates, Toby Coulthard, Coulthard, Microsoft's, Stewart Organizations: Securities, Exchange, SEC, Inc, University of Michigan, Flint College of Innovation & Technology, Lenovo, General Motors

☆ China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan
▼ + stars: | 2024-05-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

What's more, Xi Jinping has told the Chinese military to prepare for war and said that reunification with Taiwan is inevitable. But not everyone thinks a Chinese military move is necessarily imminent. If China was actively preparing for a near-term invasion of Taiwan, Kennedy said there are a few things he might expect to see first. AdvertisementIf China does invade, the global economic impact would be huge, and despite its efforts to secure its economy, China would likely be far from unscathed. "Any action against Taiwan would be disastrous for China's economy," Chilukuri said.

Persons: —, Vivek Chilukuri, Scott Kennedy, It's, Chilukuri, Xi Jinping, China's, Jinping, Kennedy, he'd Organizations: Service, Business, West, Center, New, New American Security, Center for Strategic, International Studies Locations: China, Southeast Asia, Europe, US, Taiwan, New American, United States, Russia, Ukraine, Hong Kong

☆ Dollar nurses losses after another set of soft jobs data
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: +4 min

Against the Japanese yen, the dollar was trading at 155.39 yen , down from highs of 155.95 hit in the previous session. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was flat at 105.25. "We note jobless claims are weekly data that can be very volatile from week to week," Commonwealth Bank of Australia's Joseph Capurso, said in a note. "The BoE's urgency and willingness to cut ahead of the Fed will continue to weigh on the currency," Goh said. Being added to the list makes it harder for U.S. suppliers to ship to the targeted entities.

Persons: Commonwealth Bank of Australia's Joseph Capurso, Shunichi Suzuki, Rong Ren Goh, Sterling, BoE, Goh Organizations: U.S, Federal Reserve, dovish Bank of England, Commonwealth Bank of Australia's, Tokyo, Japan's Finance, Eastspring Investments, Bank of England, Monetary, Committee, Fed, Treasury, Traders, PPI, Federal Locations: U.S, United States

☆ Oprah Winfrey: I set an unrealistic standard for dieting
▼ + stars: | 2024-05-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

New York CNN —Oprah Winfrey said on Thursday evening that she has long played a role in promoting unhealthy and unrealistic diets. I cannot tell you how many weight loss shows and makeovers I have done and they have been a staple since I’ve been working in television,” she said. Winfrey told People Magazine in December that she has added a “weight-loss medication to her regimen” but didn’t specify which drug. Winfrey and WeightWatchersWinfrey left the board of WeightWatchers, ending a nearly decade-long stint as a director of the beleaguered company, in February. “I will say that I was on the board at the time there were discussions about whether or not WeightWatchers would move into weight loss medications,” Winfrey said on Thursday.

Persons: Oprah Winfrey, ”, I’ve, makeovers, Winfrey, Rebel Wilson, Amber Riley, Sima Sistani, Sistani, WeightWatchers Winfrey, ” Winfrey, Oprah, WeightWatchers, ” WeightWatchers, Jimmy Kimmel, “ Organizations: New, New York CNN, YouTube, WeightWatchers, Magazine, National Museum of, Goldman Sachs Locations: New York

☆ Blue Zones researcher shares 2 cheap, 'revolutionary supplements' you can find in any grocery store
▼ + stars: | 2024-05-09 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

In those regions, he has found two cheap grocery store items that are a staple of many people's diets: Walnuts and beans. Related storiesBeans are hearty, cheap, protein-rich, belly-filling foods that people living in many of the world's longevity hotspots prioritize at almost every meal. Olive oil is also a science-backed addition to your dietBloomberg Creative/Getty Images"What about olive oil?" Behind the hype, there's good research backing up the benefits of regular olive oil consumption. "Olive oil shots!"

Persons: —, Peter Diamandis, Dan Buettner, Buettner, Nico Schnico, Michael Pollan, Diamandis, Bryan Johnson, there's Organizations: Service, Milken Institute Globel Conference, Business, Bloomberg, Blue Locations: Beverly Hills, Japan, Sweden, Greece, Australia, Loma Linda , California

☆ Japan not seeking a strong yen but a stable currency, David Roche says
▼ + stars: | 2024-05-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Japan is not seeking a strong yen but rather aiming for a relatively stable currency, according to veteran investor David Roche. The Japanese yen has been on a roller coaster ride, with the currency breaking past 160 against the greenback last week — steepest decline in more than three decades. "The Japanese are not aiming at a particularly strong yen. Japan could not "possibly speak to have policy that really results in a strong yen unless they tighten monetary policy," Roche said, adding that it would involve raising interest rates by at least 50 basis points and allowing "unsterilized intervention" of the yen. As far as I can see from the statistics, they've [Bank of Japan] done nothing like that," Roche noted.

Persons: David Roche, Roche, CNBC's Organizations: greenback, Independent, Bank of Japan, Bank of Locations: Japan, Bank of Japan

☆ Dollar holds its ground as key inflation data looms
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +2 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. Japan's top currency diplomat Masato Kanda on Thursday reiterated a warning that Tokyo is ready to take action in the currency market. The dollar index rose to 0.05% to 105.55, while the Japanese yen was mostly flat at 155.59 per greenback. The BOE is likely to take another step towards its first interest rate cut in four years as inflation falls.

Persons: Masafumi Yamamoto, Masato Kanda, Susan Collins, Sterling, BOE, bitcoin Organizations: Federal Reserve, Bank of, Mizuho Securities, Traders, PPI, Fed Bank of Boston, European Central Bank Locations: Buenos Aires, Argentina, Japan, U.S, United States, Tokyo, —

☆ For adults, autism diagnosis can unlock a new life
▼ + stars: | 2024-05-09 | by ( Matt Villano | ) edition.cnn.com time to read: +10 min

Jesse Grant/Getty ImagesFor some, an adult autism diagnosis is an inflection point — the moment in which a clearer and more fulfilling existence starts anew. Whatever the perspective, an adult autism diagnosis is an identity builder, instantaneously minting new members of the growing autism community. How to get help Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters. “This is why a diagnosis can be so important.”An autism diagnosis can be everythingAdults are seeking formal autism diagnoses in record numbers, according to providers and practitioners who specialize in autism. “Getting an autism diagnosis, becoming part of the autism community, has completely recontextualized my life,” said Sellergren, who was diagnosed in 2021 at age 44.

Persons: CNN — John Frizzell, David Hume, ”, Frizzell, Beavis, John Frizzell, Jesse Grant, —, Lindsay Naeder, Michael Chez, Ingrid Boveda, Boveda, ‘, Quinten Harvey, ” Harvey, “, Vanessa Bal, Bal, neurodivergence, Autism, Naeder, Ed Asner, Spencer Harte, Harte, I’m, ” Harte, “ I’m, Bird Sellergren, Sellergren, ” Matt Villano Organizations: CNN, “, US Centers for Disease Control, Autism, US Bureau of Labor Statistics, International Association for Suicide Prevention, Befrienders, Autism Society, Research, Sutter Institute for Medical Research, Harvey Psychological Services, Rutgers University’s Graduate School of Applied, Professional, Rutgers, Team, Hollywood Locations: United States, Sacramento , California, Salt Lake City, neurodivergence, Los Angeles, San Francisco, Northern California, whalehead.com

The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high. The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high. Analysts have said that any intervention from Tokyo would only serve as a temporary respite for the yen, given stark interest rate differentials between the U.S. and Japan remain. Analysts expect the central bank to leave the door open to lower interest rates as early as June. The Australian dollar fell 0.2% to $0.6585, pressured in part by a less hawkish outlook from the Reserve Bank of Australia than anticipated after it held interest rates steady on Tuesday.

Persons: Kazuo Ueda, Shunichi Suzuki, they'll, Carol Kong, Neel Kashkari, Kashkari, Rodrigo Catril Organizations: Federal, U.S, Bank of Japan, country's Finance, Commonwealth Bank of Australia, New Zealand, greenback, Minneapolis, Minneapolis Fed, National Australia Bank, Bank of, Reserve Bank of Australia Locations: Tokyo, Beijing, Japan, Bank, U.S, Minneapolis

At issue is a map drawn by state lawmakers that included a second majority African American district in Louisiana’s six-district congressional plan. The Supreme Court’s intervention, the groups argued Wednesday, “is needed to ensure that harm is not repeated.”The Supreme Court could allow the newly drawn congressional districts to be used in this year’s election. Throughout the process, Republican lawmakers suggested in public statements that a primary motivation was to adhere to court orders and draw a second majority Black district. The Supreme Court is already weighing a separate equal protection challenge over South Carolina’s congressional maps. Given the delay in the Supreme Court issuing its decision, the lower court has ruled that the 2024 elections can proceed under the map it previously deemed unconstitutional.

Persons: “, ”, –, Allen, Milligan, Mike Johnson, Steve Scalise, doesn’t, Donald Trump, Bill Clinton, Taiwan Scott Organizations: CNN, Civil, Court, White, Republicans, African American, ”, GOP, Supreme, Supreme Court, Republican, South, South Carolina State Conference of, NAACP, American Locations: Black, Louisiana, Louisiana’s, Alabama, Shreveport, Baton Rouge, Taiwan, South Carolina

☆ TikTok sues to block prospective US app ban
▼ + stars: | 2024-05-07 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

If it loses, TikTok could be banned from US app stores unless its Chinese parent company, ByteDance, sells the app to a non-Chinese entity by mid-January 2025. But Virginia Democratic Sen. Mark Warner, an advocate for the TikTok legislation, said in remarks on the Senate floor in April that the briefings provided critical insight into the risk TikTok poses. US policymakers have described the law at issue as a forced divestiture of TikTok, not an outright app ban. Some US officials have been trying to ban TikTok from the United States since 2020, when former President Donald Trump moved to block the app by executive order. (Trump has since reversed his position, saying a TikTok ban would only help Meta, a company Trump blames for his 2020 election defeat.)

Persons: Washington CNN — TikTok, Joe Biden, TikTok, Bytedance, “, didn’t, Virginia Democratic Sen, Mark Warner, Warner, they’ve, They’ve, ”, Tuesday’s, ByteDance, TikTok’s, Berman, Evelyn Douek, Biden, Gautam Hans, Hans said, Jennifer Huddleston, Donald Trump, Trump, Douek, ” Douek Organizations: Washington CNN, Appeals, District of Columbia Circuit, Justice Department, Oracle, Foreign Investment, Republican, Democrat, Virginia Democratic, Senate, Stanford University, Cornell University . Still, Apple, Google, Cato Institute, European Commission, Trump Locations: China, United States, TikTok, Israel, Ukraine, Montana, Canada, United Kingdom, India

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