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New York CNN —The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s according to a New York Fed survey gauging consumers’ expectations of the housing market, released Monday. Consumers are gearing up for even bigger increases compared to the expected rise in mortgage rates over the next year, the New York Fed survey found. The issue of rent affordability is particularly pronounced in New York City, where housing costs have always been notoriously high compared to other parts of the country, absent a brief respite during the pandemic.
Persons: That’s, Kenny Lee, Aditya Bhave, Neel Kashkari, Bhave, ” Bhave, , Perdue “, , Read, TikTok, Joe Biden, Brian Fung, Bytedance Organizations: CNN Business, Bell, New York CNN, Federal, New, Fed, Zillow, Bank of America, CNN, Minneapolis, Bloomberg, United States Department of Labor, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Labor, Packers Sanitation Services, Appeals, District of Columbia Circuit Locations: New York, New York City, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia, China
Gold slips as dollar firms, traders brood on rate cut timing
  + stars: | 2024-05-08 | by ( ) www.cnbc.com   time to read: +2 min
Spot gold was down 0.1% at $2,311.07 per ounce as of 0235 GMT. The dollar index rose 0.1%, making greenback-priced gold more expensive for other currency holders. If the upcoming reports show scary inflation, then the Fed can't cut rates and it will pressure gold, he added. Bullion is used as a hedge against inflation, but higher rates reduce the appeal of holding the non-yielding asset. Markets are currently seeing a 65% chance of a U.S. rate cut in September, as per CME's FedWatch Tool.
Persons: Ilya Spivak, Neel Kashkari, Spivak Organizations: University of, Minneapolis Locations: U.S, China's, China
Yields and prices have an inverted relationship and one basis point equals 0.01%. ET the yield on the 10-year Treasury was up by more than 1 basis point at 4.479%. U.S. Treasury yields were slightly higher Wednesday as investors weighed the latest remarks from Federal Reserve officials, looking for clues on the path ahead for interest rates. Last week, Fed Chair Jerome Powell said the Fed was unlikely to hike rates at its next meeting. More comments from Fed officials are expected throughout the week, which investors will be scanning for hints about the monetary policy outlook.
Persons: Neel Kashkari, Tom Barkin, Jerome Powell Organizations: Treasury, U.S, Federal Reserve, Minneapolis, Richmond Fed
Dollar regains momentum as yen struggles
  + stars: | 2024-05-08 | by ( Sopa Images | Lightrocket | Getty Images | ) www.cnbc.com   time to read: +3 min
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
Glenn Loury thought maybe the world — maybe he — had been wrong about Derek Chauvin, the police officer convicted of murdering George Floyd in 2020. Loury had watched a documentary, “The Fall of Minneapolis,” that had circulated largely on right-wing social media, arguing that Chauvin had been wrongly convicted, and found himself persuaded. Floyd’s death had ignited protests nationwide and spurred a passionate national debate about racism that often left Loury, a prominent Black conservative, at odds with many other Black intellectuals and with much of the American left. Commenters on his newsletter and social media also took issue. Then Radley Balko, an independent journalist, published a lengthy and meticulous critique of the film, calling it “all nonsense.”
Persons: Glenn Loury, , Derek Chauvin, George Floyd, Loury, Chauvin, Floyd, Liz Collin, JC Chaix, Glenn, Radley Balko Organizations: YouTube Locations: Minneapolis,
CNN —Denver Nuggets star point guard Jamal Murray has come under criticism after he was spotted throwing a heat pack onto the court during the reigning champions’ 106-80 playoff loss against the Minnesota Timberwolves on Monday. While on the bench toward the end of the second quarter, Murray could be seen throwing the heat pack while the Timberwolves were on offense. The object landed near the basket with several players in the vicinity of the heat pack. Murray’s behavior was described as “inexcusable” and “dangerous” by Timberwolves head coach Chris Finch following the conclusion of the game. I knew a heating pack was on the floor, but it was not in my field of vision.”Per various reporters, Murray did not speak to the media following the game.
Persons: Jamal Murray, Murray, Chris Finch, Finch, , ” Finch, Marc Davis, ” Davis, Michael Malone, ” Malone, , Isaiah J, Downing, Malone Organizations: CNN, Denver Nuggets, , Minnesota Timberwolves, Timberwolves, Denver, Nuggets, USA, Reuters, NBA, ESPN, , Canadian, Target Center Locations: Reuters Denver, Denver, Minneapolis
Minneapolis Fed President Neel Kashkari suggested interest rates are likely to stay put for an extended period. Resilient housing inflation shows that Fed policy may still not be restrictive enough, he said. Strong housing demand suggests the neutral rate for the housing market may have risen since the pandemic. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere are signs that the Federal Reserve's inflation crusade may still not have restricted policy enough to bring down high prices, Minneapolis Fed President Neel Kashkari said Tuesday.
Persons: Neel Kashkari, , Kashkari Organizations: Minneapolis, Service, Business
Markets started were revived last week as the April jobs report renewed hopes of rate cuts. Investors will tune in to Fed speakers this week for further clues about Fed policy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Morning gains stretched the stock rally into its fourth day, a move up first sparked by Friday's jobs report. A lineup of Fed speakers this week could potentially deepen this notion or, otherwise signal that markets are turning too optimistic.
Persons: Stocks, , David Morrison, Neel Kashkari, Lisa Cook, Austan Goolsbee Organizations: Service, Federal Reserve, Trade Nation, Fed, Minneapolis, Chicago
Indiana Fever 2024 scheduleThe Indiana Fever's regular season will run from May 14 to September 19. The table below features the cheapest starting prices for Indiana Fever tickets on Vivid Seats at the time of writing. How to buy Indiana Fever ticketsOriginal standard tickets to Indiana Fever games are sold through Ticketmaster. Original standard Indiana Fever tickets range in price depending on the date, opposing team, and venue. Overall, the cheapest Indiana Fever resale listings range in price from about $10 to $250, with an average of about $125.
Persons: Caitlin Clark, Clark, Kelsey Mitchell, NaLyssa Smith, They'll, StubHub Organizations: Business, NBA, WNBA, Indiana Fever, Eastern Conference, Iowa, NCAA Division, Boston, Indiana, . Indiana Fever, Indiana Fever's, Connecticut Sun, Washington Mystics, Sun, New York Liberty, Seattle Storm Seattle, Angeles Sparks, Las Vegas Aces Las, Seattle Storm Indianapolis, Chicago Sky, Washington Mystics Washington, Atlanta Dream, Atlanta Dream College, Phoenix Mercury, Minnesota Lynx, Las Vegas Aces, Dallas Wings, Ticketmaster Locations: . Indiana, Uncasville , CT, Washington ,, Sun Uncasville, New York Liberty Indianapolis, New York Liberty Brooklyn, NY, Connecticut Sun Indianapolis, WA, Beach, CA, Las Vegas Aces Las Vegas, Angeles Sparks Indianapolis, Chicago Sky Indianapolis, Washington Mystics Indianapolis, Chicago Sky Chicago, Phoenix Mercury Indianapolis, Minnesota Lynx Minneapolis, Las Vegas Aces Indianapolis, Dallas Wings Indianapolis, Indianapolis, Chicago
The recent equity rebound stalled as investor rate cut bets were made uncertain by Fed commentary. Fed President Neel Kashkari said rates might not be restrictive enough to clamp down on inflation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks were mostly higher Tuesday, with the S&P 500 and Dow Jones Industrial Average continuing to pull slightly higher. His remarks followed similar hawkishness from Fed President Tom Barkin on Monday, who indicated that the economy will need to slow down more before policy can pivot.
Persons: Neel Kashkari, , Tom Barkin, Lisa Cook, Austan Goolsbee Organizations: Disney, Service, Dow Jones, Dow, Minneapolis Federal, Chicago Locations: Minneapolis, Here's
Invigorating growth is critical: When the economy expands, it improves standards of living, promotes innovation and makes households wealthier. Economic growth in Spain and France was stronger than expected last year. But the US is outperforming mainly for one key reason: Robust productivity growth. Productivity growth came in well below expectations in the first three months of the year, according to Labor Department data released last week. A “course correction” isn’t an even stronger US economy: Economic policymakers around the world need to address a range of key issues.
Persons: ” Kristalina Georgieva, ” Georgieva, ” Stephen Gallagher, Gallagher, , , Hande Atay Alam, Recep Tayyip Erdogan, Israel Katz, John Williams, Neel Kashkari, Lisa Cook, Krispy Kreme, John’s, Austan Goolsbee Organizations: Washington CNN, Monetary, IMF, European Central Bank, Labor Department, Societe Generale, CNN, Reuters, Palantir Technologies, Tyson Foods, Marriott Worldwide, New York Fed, Disney, UBS, Duke Energy, Suncor, Bros, Minneapolis, Toyota, Uber, Anheuser, Busch InBev, Airbnb, Fox Corporation, News Corporation, Duolingo, Icahn Enterprises, New York Times Company, AMC Entertainment, Honda, Warner Bros Discovery, Warner Music Group, Hyatt, Hilton, Bank of England, US Labor Department, United Kingdom’s, National Statistics, University of Michigan, . Chicago Fed, China’s National Bureau of Statistics Locations: Europe, China, United States, Spain, France, Russia, Ukraine, Turkey, Israel, Gaza, Olesya, “ Turkey, Lyft, TripAdvisor
Notably, none of the schools agreed to fully divest from companies doing business in Israel, a demand student protesters have commonly rallied for across the country. What the schools agreed to doOn Monday, Northwestern announced an agreement with protesters to end the encampment. Rutgers agreed to meet with student protesters to discuss divestment and to support scholarships for at least 10 displaced Gazan students. Rutgers, along with Northwestern, agreed to expand spaces for Arab and Muslim students on campus. Recent agreements at Brown University and Northwestern University might show the way,” Roth wrote.
Persons: Brown, , , Sophia Rosenfeld, Rosenfeld, Kena Betancur, Lena Shapiro, Shapiro, Michael Schill, Schill, ” Schill, Trisha Ahmed, Brown’s, Brown University Brown, Owen Dahlkamp, Dahlkamp, “ Brown, ” Brown, Christina Paxson, ” Dahlkamp, Elise Stefanik, Michael S, Roth, ” Roth Organizations: New, New York CNN, Ivy League schools Columbia, Northwestern University, Rutgers University, University of Minnesota, CNN, University of Pennsylvania, Columbia University, University of Illinois College of Law, Northwestern, Chicago, Rutgers, Birzeit University, West Bank, University of Minnesota's, Palestinian, Brown University, University Hall, Brown Daily Herald, Corporation of Brown University, University of California, University of Texas, Defamation, Republican, Twitter, Wesleyan University Locations: New York, Israel, Brown, Northwestern, New York City, AFP, Deering, Minneapolis, Minn, Providence , Rhode Island, Columbia, Los Angeles, Austin, Gaza
We’re paying for close to 100% of NATO.”Facts First: Trump’s claim is false. They don’t pay their bills.”Facts First: Trump’s claim is false. (It rose to about $314 billion in 2020, Trump’s last full year in office.) Facts First: Trump’s claim is false. Facts First: Trump’s claim that “nobody died other than Ashli” is false.
Persons: Donald Trump, Trump, , William Barr, Bill Barr, Barr, Bill, I’m, , it’s, Biden, Joe Biden, Tamar Hermann, Hermann, Bill Clinton, “ Trump, ” Trump, , National Guard Trump, I’ve, George Floyd, Tim Walz, Walz, Paul —, , Erwan, George Washington, “ don’t, they’re, Stoltenberg, Trump’s, Lagadec, Marc Lipsitch, Barack Obama, European Union won’t, Cortellessa, “ Moody’s, Moody’s, Mark Zandi, Zandi, ’ ” Zandi, Joe Biden’s, rioter Ashli Babbitt, Brian Sicknick, Sicknick, Trump’s ‘, patriotically, , patriotically ’, ” Nancy Pelosi, Nancy Pelosi, “ Nancy Pelosi, Pelosi, Christopher Miller, Miller, Eric Cortellessa, Alvin Bragg’s, Bragg, Matthew Colangelo, Colangelo, Alvin Bragg, ” Cortellessa, Hillary Clinton, , Roe, Wade, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, , Crime Biden, don’t, “ Biden, he’s, James Biden, Jeff Asher, Asher, It’s, ” “, ” Asher Organizations: Washington CNN, Time, Trump, NATO, Capitol, Trump’s, Trade Center, didn’t, World Trade Center, Department, ISIS, CNN, Democratic, White House, White, South Korea Trump, Pentagon’s Defense Manpower Data, Biden Administration, Congressional Research Service, Israel, Israeli Democracy Institute, National Guard, Minnesota Democratic Gov, Minnesota National Guard, Guard, North Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, for Disease Control, World Bank, Washington Post, Harvard, Harvard’s, National, Trump -, of Health, Human Services, Strategic, Biden, U.S . International Trade Commission, European, Benz, Volkswagen, BMW, European Union, US, European Automobile Manufacturers ’ Association, Bloomberg Economics, US Capitol Police, Capitol Police, , Republican, Democratic Rep, National Guardsmen, District of Columbia National Guard, Army, Capitol Police Board, Senate, Justice Department, Pulitzer Foundation, Pulitzer, New York Times, Electoral, Democrat, ” Rutgers Law, American University, university’s Health, University of California, , Customs, Border Protection, Crime, Manchurian, Republicans, FBI Locations: , New York City, Saudi, Florida, al Qaeda, New York, Texas, Mexico, South Korea, Trump , South Korea, South, Korea, Israel, Washington, Trump , Minneapolis, Minneapolis, Trump, Minnesota, St, United States, Germany, Brussels, Belgium, Harvard University, China, EU, DC, Trump’s, , York, Manhattan, York’s, Russia, That’s
Rome CNN —Italy has the right to confiscate a life-size bronze statue dating back to the second or third centuries B.C. The ruling came after the Getty Museum asked the European Court of Human Rights to intervene following a 2018 Italian court decree that the bronze statue should be confiscated and returned to Italy. The contested statue is being held at the Getty Villa Museum in Malibu, Los Angeles. Rolf_52/Alamy Stock PhotoThe Getty Museum does not agree with the latest ruling. Italy will now work with US authorities to return the statue, a spokesperson for the cultural ministry told CNN.
Persons: Rome, Paul, Lysippos, , Getty, Gennaro Sangiuliano, , It’s, ” Maurizio Fiorilli Organizations: Rome CNN —, Paul Getty Villa Museum, European, of Human, Getty Museum, of Human Rights, The Getty Museum, Cultural Heritage Ministry, Getty Villa Museum, Getty, American, of Culture, Louvre Museum, Minneapolis Museum, CNN Locations: Rome CNN — Italy, Los Angeles , California, Italian, Italy, , Malibu , Los Angeles, Greece, Strasbourg, Italian State, Marche, Stabia
"One woman wanted to rent my office to work," remembers Lisa Slocum, the airport Fifth Third Bank branch manager. Capital One closed its branch at Washington, D.C.'s Dulles International Airport in 2020, instead creating "airport lounges" for cardholders in Dulles, along with similar spots at airports in Denver and Dallas. Yet full-service airport bank branches are a relative rarity, surprising in a retail landscape that often resembles an upscale mall more than a terminal. Fifth Third BankWells Fargo operates a full-service branch in Las Vegas's Harry Reid International Airport, and according to a bank spokeswomen, has a multi-year relationship with the airport that involves both the branch and multiple ATMs throughout terminals. McAdam says ATMs and advanced-function kiosks are one thing, but a full-service branch, except maybe in the largest markets, is overkill.
Persons: Kevin Williams Nicolette Nelson, Nelson, It's, Lisa Slocum, Slocum, Hannah Thelen, Ashley Thelen, Mindy Kershner, CVG's, Marketing Brent Andersen, Andersen, that's, Chase, John Sieg, Sieg, Harry Reid, Wells Fargo, Brian Davis, Paul McAdam, Power, McAdam Organizations: Northern, Northern Kentucky International, Fifth Third Bank, Fifth, Bank, TSA, Third, Dulles, Airport, Capital One, Washington , D.C, Wings Credit Union, Paul International Airport, Wings, Marketing, JPMorgan Chase, PNC, Sky, Fifth Third Bank Wells, Harry Reid International Airport, Truist Bank, Hartsfield, Jackson Atlanta International Airport, Financial Locations: Fairbanks, Cincinnati, Northern Kentucky, Spain, Washington ,, cardholders, Dulles, Denver, Dallas, it'd, Kentucky, Minneapolis, St, Las, Vegas, New York City, New York
Washington CNN —The Federal Reserve is expected to announce Wednesday that it is keeping interest rates at a quarter-century high for the sixth-straight meeting. Other Fed officials have already introduced the possibility of a rate hike, in addition to the chance of no rate cuts this year. Williams later said that another rate hike is possible if economic data warrants it. That combination eerily resembled stagflation, which triggered a broad stocks selloff on Wall Street Thursday. The threshold for a rate hike is ‘extremely high’Another interest rate hike is back in the conversation, but at the moment, it’s still not likely the Fed will do that.
Persons: Jerome Powell, ” Powell, Powell, John Williams, Williams, Neel Kashkari, Austan Goolsbee, , can’t, it’s, Goldman Sachs, Wall, ” Oren Klachkin Organizations: Washington CNN, Federal, Index, New York Fed, Bloomberg, Minneapolis, Chicago Fed, Commerce Department, JPMorgan, Bank of America, Nationwide, CNN Locations: New, Chicago, Wells Fargo
CNN —If you have ever wanted to dream in the balloon-lifted “Up” house, party with Kevin Hart or jam with Doja Cat, Airbnb has just the thing. With Icons, we’ve created the most extraordinary experiences on Earth.”Here are some of the entertainment-focused Icons announced so far:An actual photo of the Airbnb house recreated to look like the home in the Disney/Pixar movie "Up" -- both the interior and exterior. Ryan LowryDrift off in the “Up”house - “Sleep inside one of Disney and Pixar’s most iconic homes – and yes, it floats. You’ll enjoy an unforgettable living room performance from the Grammy-winning artist, including her favorite songs and tracks from her latest album.”"Purple Rain" House - AirBnb Icons Eric OgdenStay in Prince’s “Purple Rain” house - “Prince purchased the Minneapolis, Minnesota home featured in the legendary film ‘Purple Rain,’ but it’s never been available to the public until now. Explore the home and go crazy for rare and special tracks from Prince’s world in an exclusive studio session.
Persons: Kevin Hart, Airbnb, Brian Chesky, we’ve, Ryan Lowry, , You’ll, Kevin, Doja, Eric Ogden, “ Prince, it’s, Khaby, Holly Andres Step, Marvel, you’re, Joy, Janhvi Kapoor Organizations: CNN, Wednesday, Disney Locations: Abiquiu , New Mexico, Minneapolis , Minnesota, Milan, Italy, Westchester , New York, Paris
Negotiations between Comcast and Bally Sports' operator Diamond Sports Group, which has been under bankruptcy protection since last year, broke down following a dispute over terms. Pay-TV distributors have been losing customers at a fast clip in recent years as customers opt for cheaper streaming options. Comcast had more than 13.6 million pay-TV customers as of March 31, after losing 487,000 subscribers during the first quarter. Some regional sports networks have begun offering streaming options to customers at a price point that doesn't upend the pay-TV model. In addition to Comcast, Diamond has held negotiations in recent weeks with Charter Communications — which provides pay-TV services under the Spectrum brand — DirecTV and Cox Communications.
Persons: Diamond, Cox Organizations: Bally, Houston Astros, Minnesota Twins, Target, The Astros, Twins, Comcast, Bally Sports, Diamond Sports Group, MLB, Detroit Tigers, NBA, NHL, Diamond, Comcast ., Communications, DirecTV, Cox Communications, Charter, Google, Disney, San Diego Padres, Phoenix Suns, CNBC Locations: Minneapolis , Minnesota, NBCUniversal
For a long time, Alicia and Craig Oberg disliked their house so much that they didn’t want to invite anyone over. “We were actually embarrassed,” Ms. Oberg said of the house in Plymouth, Minn., which had a dated 1990s interior that “was just so far from what we felt our aesthetic was.”But the 3,800-square-foot ranch house, built in 1981, had a few things going for it. For one, there was plenty of space: The couple, whose twins are now 14, bought it in August 2013 for $584,000, after outgrowing their previous home. And they loved the bucolic setting, between a horse farm and a small lake, but just 15 minutes from the center of Minneapolis.
Persons: Alicia, Craig Oberg, ” Ms, Oberg, Locations: Plymouth, Minn, Minneapolis
Known for his hit songs like "I Remember Everything," "Something in the Orange," and "Heading South," Zach Bryan's 2024 tour celebrates his self-titled album that debuted in 2023. We've got you covered if you're looking to buy tickets to Zach Bryan's 2024 Quittin Time Tour. Zach Bryan 2024 tour scheduleZach Bryan has only just begun his tour, with more than 60 shows remaining throughout 2024. How to buy tickets for Zach Bryan's 2024 concert tourYou can buy standard original tickets to Zach Bryan's 2024 tour through Ticketmaster and AXS. Prices for tickets to Zach Bryan's 2024 tour vary depending on date, location, and demand.
Persons: Zach Bryan, Zach Bryan's, We've, Bryan, Zach Bryan's Atlanta, Jason Isbell, Sheryl Crow, Sierra Ferrell, Matt Maeson, Levi Turner, Here's, MN Sheryl Crow, Sierra, Louis ,, Zach Bryan hasn't Organizations: Business, Vivid, SC, Springs, Las, Kansas City, KY, UT, Ticketmaster, FL, Sierra Ferrell, TN Locations: Brooklyn, Bryan's, Tulsa , Oklahoma, Canada, Brooklyn , New York, Omaha, Louis, Greenville, Knoxville, TN, Oklahoma, Oakland, Los Angeles, CA, Las Vegas, Denver, Detroit, MI, Columbus, Nashville, Orlando, Orleans, LA, Houston, Antonio, Greensboro, NC, Philadelphia, Atlanta, Tampa, Arlington, TX, Kansas, Minneapolis, Forks, Louisville, Edmonton, Vancouver, BC, Tacoma, WA, Portland, Sacramento, Glendale, AZ, Salt Lake City, Tulsa, NY, Columbus , Ohio, Arlington , TX, Philadelphia ,, MN, Antonio ,, Greensboro , NC, Kansas City ,, Tacoma , WA, Sacramento , CA, Columbus ,, Edmonton , Alberta, Vancouver , British Columbia
A Cleveland Uber driver made over $109,000 in gross earnings last year but only took home $17,000. He said Uber driving has become less profitable but that he's not sure he can find a better job. AdvertisementGeorge, a full-time Uber driver in Cleveland, wants to quit his ride-hailing gig. In 2023, George made more than $109,000 in gross earnings as an Uber driver, according to documents viewed by BI. Many ride-hailing drivers, like George, are actively tracking their income and expenses to make sure driving is worth their time.
Persons: Uber, he's, , George, haven't, isn't, he'd, that's, There's, He's Organizations: Service, Uber, BI, of Labor Statistics, BLS Locations: Cleveland, Minneapolis, Minnesota, Twin Cities
A Cleveland Uber driver made over $109,000 in gross earnings last year but took home only $17,000. He said Uber driving had become less profitable but that he wasn't sure he could find a better job. AdvertisementGeorge, a full-time Uber driver in Cleveland, wants to quit his ride-hailing gig. Last year, George made more than $109,000 in gross earnings as an Uber driver, according to documents viewed by BI. But after Uber's commissions, car maintenance, gas, and miscellaneous driving expenses were accounted for, he took home roughly $17,000, about 16% of his gross earnings.
Persons: Uber, , George, he'd, isn't, that's, There's, He's Organizations: Service, Uber, BI, of Labor Statistics, BLS Locations: Cleveland, Minneapolis, Minnesota, Twin Cities
AdvertisementIt could be all about recessionsSince the 1950s, whenever the US economy fell into a recession, the rate of working men tended to suffer a lasting blow. AdvertisementWhy have recessions appeared to have such a lasting impact on working men? The strong recovery of men working after the pandemic recession could be due to the unique nature of this downturn — which tanked an otherwise healthy economy. And of course, some lucky prime-age men aren't working because they've had a lot of financial success — and already retired. Deciphering how much these explanations have fueled the decline of working men could be worthy of further explanation, the economists said.
Persons: , It's, Abigail Wozniak, Wozniak, David Autor, There's, Jason Furman, Barack Obama's, Elise Gould, Gould, aren't, we've, John M, Coglianese, they've Organizations: Service, Federal Reserve Bank of Minneapolis, Massachusetts Institute of Technology, Washington Post, of Labor Statistics, San Francisco Fed, BLS, Economic, Economic Policy Institute, Federal Reserve
It was April 10, 2018, and Colin Brougham hadn’t sent his usual text to his wife that he was biking home. Instead, he lay dead a few blocks away after a commuter train struck him. “I knew he was dead before I knew he was dead,” recalled Rachel Brougham, his widow. “My life as I knew it changed in an instant,” Ms. Brougham, now 46, said. It changes how you think, how you interact with others, how you work.
Persons: Colin Brougham hadn’t, , , Rachel Brougham, Mr, Brougham, Ms, Locations: Minneapolis
Art Seeks Enlightenment in Darkness
  + stars: | 2024-04-24 | by ( Jori Finkel | More About Jori Finkel | ) www.nytimes.com   time to read: +1 min
This article is part of our Museums special section about how institutions are striving to offer their visitors more to see, do and feel. To enter Kehinde Wiley’s show “An Archaeology of Silence” is to step into darkness, where only the art itself seems to emit light. The space feels somewhere between a crypt and a cathedral, featuring paintings and bronze sculptures of reclining Black bodies, spread out in repose or entombed like corpses, that appear to glow from within. The show, now at the Museum of Fine Arts, Houston, culminates with a monumental sculpture of a fallen man on horseback, draped over the horse as if he had just been shot, his Nikes dangling below the saddle. Made in the year after George Floyd was killed by the police in Minneapolis, this monument — and more broadly, the show as a whole — confronts the “legacy and scope of anti-Black violence,” according to Darren Walker, president of the Ford Foundation.
Persons: George Floyd, Darren Walker Organizations: Museum of Fine Arts, Ford Foundation Locations: Houston, Minneapolis
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