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☆ Retailers jacked up prices and squeezed consumers. They might have just blinked
▼ + stars: | 2024-05-05 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

“There’s just less dollars for consumers to spend.”The challenge for retailers now is to shake consumers out of that frugal mindset. Retail spending has increased in seven of the past 10 months through March. “If you want to convince consumers to spend you have to give them a reason to do so. Lower prices are a clear opportunity to drive people into the store or online.”It’s a lever that Walmart, he said, has pulled forever. Clothing chain H&M told analysts during its most recent earnings call that it, too, would lower prices.

Persons: Sarah Wyeth, ”, Chad Lusk, Alvarez, ” Wyeth, “ There’s, they’re, Zak Stambor, Stambor, Joe Raedle, ” Stambor, “, ” Jesper Brodin, ” Brodin, ” Michaels, ” Ashley Buchanan, Michaels, Lars Daniel Ervér, Frida, Chuck, – CNN’s Bryan Mena Organizations: New, New York CNN —, Ikea, Shoppers, “ Retailers, CNN, Walmart, Ingka, “, Cheese, Stambor Locations: New York, Hallandale Beach , Florida

☆ Pentagon races to prop up Ukraine's hard-fighting 47th Mechanized Brigade that's exhausted, report says
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The Pentagon plans to replenish the powerhouse brigade with Bradley fighting vehicles, Forbes said. AdvertisementUkraine's hard-fighting 47th Mechanized Brigade is battle-weary and urgently needs US support, Forbes reports. Trained by NATO instructors, the 47th Brigade all-volunteer unit is one of Ukraine's powerhouse brigades. Russia's 30th Motor Rifle Brigade took advantage of the rotational lapse as the 47th Brigade withdrew and attacked, capturing a large swathe of territory. AdvertisementBeyond material support and tactical adjustments, the 47th Brigade needs a reprieve from the relentless cycle of conflict.

Persons: Bradley, Forbes, —, Putin, Bradley IFVs, Bradley IFV, ince Organizations: Pentagon, Service, Mechanized Brigade, Forbes, NATO, 47th Brigade, M1, Bradley, Ministry of Defense, 47th Mechanized Brigade, ust Locations: Ukraine, Stepove, Avdiivka

☆ Inflation is scrambling Americans' perceptions of middle class life
▼ + stars: | 2024-05-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +8 min

For many in the middle class, inflation is at the heart of this feeling. That's making people feel locked out of many of the milestones long associated with middle-class life. 74% of middle class Americans have cut back on non-essential spending, according to Primerica's survey. 46% of middle-class Americans said they've dialed back or completely paused saving for the future and 38% said they didn't think they could afford an unexpected expense over $1000. Buying a home may be the greatest example of a tenet of middle-class life feeling out of reach for many, and that struggle is very real rather than merely negatively perceived.

Persons: —, Vincent, he'd, he's, Eoin Sheehan, Chris Collins, Collins, Jessica, they're, Kayla, Primerica, they've, Sheehan Organizations: Service, Business, Pew Research Center, Redfield & Wilton, Federal, Northwestern Mutual's Collins, Northwestern Mutual, Newsweek, National Association of Realtors Locations: Santa Barbara, California, Alabama, Primerica

☆ My 15-year-old son and I live in both France and the US. We're more active In France, but appreciate the slower pace of the South.
▼ + stars: | 2024-05-05 | by ( Stephanie Kaloi | ) www.businessinsider.com time to read: +6 min

So I started bringing him with us to France as often as possible, which amounts to about half the calendar year. For example, so far this year we spent all of January in France, and will return in early May for the entire summer. AdvertisementOur daily routine is differentOur days in France always begin and end entirely differently than they do in the US. In France, we tend to stay somewhere close to the city center. Last summer, my son tried more types of pasta than I knew existed, a feat he was enormously proud of, especially as a vegetarian.

Persons: It's, we're, France —, it's, he's Locations: United States, France, Iceland, Panama, Cannes, Grasse, Paris, Nice, Europe, States

☆ ‘The Fall Guy’ Fizzles With $28 Million in Ticket Sales
▼ + stars: | 2024-05-05 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

“The Fall Guy” seemed to have everything. Universal backed “The Fall Guy” with a six-month marketing campaign, releasing trailers that racked up 400 million views and carpet-bombing televised sporting events, including the Super Bowl, with ads. It added up to only $28.5 million in North American ticket sales from Friday to Sunday, the worst start to Hollywood’s all-important summer season since 1995. “The Fall Guy” cost Universal at least $200 million to make and market and was released in 4,002 theaters in the United States and Canada. “You want to explain to shareholders why you spent hundreds of millions of dollars on a newfangled idea that crashed?”

Persons: Guy ”, ”, David A, Gross Organizations: North, Universal Locations: United States, Canada

☆ Wall Street Cruel Summer: Stock Market Crash, Inflation Ends Vacation
▼ + stars: | 2024-05-05 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Inflation canceled that, and now it's almost certain that Wall Street's summer is canceled, too. That means Wall Street's fantasies of decamping to the Hamptons for the summer have shattered. You can see why this tug-of-war will keep Wall Street on its toes and off Georgica Beach. There is a certain set on Wall Street that does not get to "rosé all day" on Hamptons summer water when currencies trade that way. The simplicity that Wall Street hoped for is one of the few options that's no longer on the table.

Persons: —, Justin Simon, decamping, Jerome Powell, opportunistically, Jamie Dimon, Torsten Slok, Slok, Powell, we'd, David Lefkowitz, dory, McDonald's, Silas Myers, Wall, Zuck, Simon, they're, it's Organizations: Federal Reserve, Jasper Capital, Nasdaq, Hamptons, JPMorgan, Fed, Pepsi, Mar Vista Investments, Wall, Nvidia, Tesla, Microsoft, Meta, Apple, EU Locations: Georgica, Japan

☆ The Russian Army may have defeated Ukraine — if it had followed its own manual
▼ + stars: | 2024-05-05 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

It is also evidence of a major reason why Russian troops have often fought poorly in the Ukraine war: they are not following their own playbook. Artem Priakhin/Getty ImagesAssessing current Russian doctrine is difficult. However, the problem may not have been Russian doctrine as much as the overall strategy of the Ukraine war. "There are plenty of aspects to their defense that are entirely consistent with their historical practice and doctrine," Boston said. If the Russian military was that bad, then maybe the Ukrainian military wasn't that good?

Persons: Scott Boston, Artem Priakhin, wouldn't, Ukraine's, Michael Peck Organizations: US, RAND Corp, Kyiv, Russian Army, Aerospace Forces, Warsaw, Kyiv —, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russia, Russian, Boston, St . Petersburg, Soviet, Western Europe, Iraq, Forbes

☆ Police tactics at campus protests reveal disparities in approaches to public order and lessons learned post-George Floyd
▼ + stars: | 2024-05-05 | by ( Emma Tucker | ) edition.cnn.com time to read: +14 min

“I think we also saw this different sensibility about how to clear protests,” Straub said of the police response to campus demonstrations. In some cases, officers couldn’t distinguish lawful protesters from those who were being disruptive or causing violence, he added. The agreement mandated the NYPD to “change how it deploys officers to public demonstrations,” to better allow the public to exercise their First Amendment rights. NYPD officers in riot gear break into a building at Columbia University, where pro-Palestinian students were barricaded, on April 30. Officers were seen breaking down plywood barriers outside the entrenched encampment where protesters had barricaded themselves inside, as flash-bang explosives exploded overhead.

Persons: George Floyd, ”, Chuck Wexler, Emily Byrski, Joe Biden, ” Wexler, Frank Straub, ” Straub, PERF, Letitia James, James, Kena Betancur, Eric Adams, Kaz Daughtry, “, Spencer Fomby, Fomby, Straub, it’s, ” Fomby, Ryan Sun, ” CNN’s Julia Jones, Maria Sole, Artemis Moshtaghian Organizations: CNN, Police, Research, “ Police, Palestinian, Getty, Columbia University, New York Police Department, University of Arizona, UCLA, Israel, National Guard, Sound Schools, Center for, Police Foundation, ” Police, NYPD, New York, City College, Hampton Hall, Columbia, Hamilton, National Tactical Officers Association, ”, AP Locations: Gaza, Israel, AFP, California, Columbia, New York City, Hampton, Arizona, Los Angeles

☆ How Humans Failed Racehorses
▼ + stars: | 2024-05-05 | by ( Joe Drape | ) www.nytimes.com time to read: +1 min

It was a welcome conclusion for the multibillion-dollar sport imperiled by frequent racing fatalities, reckless breeding, dodgy doping practices and the old-fashioned greed of veterinarians, trainers and owners. Last year, 12 horses perished at Churchill Downs in the days surrounding the famous race. Two weeks later, a horse trained by one of the sport’s most recognized trainers died at Pimlico Race Course. Ambulances rumbled onto the track, emergency workers erected privacy screens and, behind them, vets euthanized the horses with injections. All of it put the social acceptability of one of America’s oldest sports at risk.

Persons: Dan, Forever Young Organizations: Sierra, Forever, Kentucky Derby Locations: Sierra Leone, Japan, America’s, Churchill, Saratoga, New York

☆ Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +13 min

Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.

Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, —, Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India

☆ A 26-year-old stock trader who made over $10.5 million in 4 years shares the strategy adjustment he made in 2024 that has allowed him to remain profitable
▼ + stars: | 2024-05-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

In 2017, at 19 years old, Jack Kellogg became interested in stock trading. AdvertisementIn 2023, he took advantage of the AI hype by trading stocks within that theme. He then reviews these stocks' price movements over the previous three to two weeks. Where it's set depends on how much he's willing to risk on each position and varies based on the stock's price movements. While he's agnostic about the stock's cap size, he favors swing trading mid and sometimes small-cap stocks.

Persons: Jack Kellogg, Timothy Sykes, Kellogg, Kellogg wasn't Organizations: Business, BI, Trust, Nvidia, CXApp Inc

☆ My 2 children came out as trans. Nothing could've prepared me for what they have gone through.
▼ + stars: | 2024-05-04 | by ( Liv Styler | ) www.businessinsider.com time to read: +6 min

My children came out to me one summer; they both started HRT to help with their body dysmorphia. I worry about the dangers of being trans in this world, but I am trying to be courageous. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Both of my kids came out one summerI've always considered myself to be someone who could handle or adapt to anything. While I can't say HRT has been the cure-all, I can say that it has made a monumental change in their self-esteem and their confidence.

Persons: —, I'm, We're LatinX Organizations: HRT, Service, It's Locations: —

☆ I moved to Montana after getting priced out of California. I work in the trades — not all transplants are rich remote workers buying up property.
▼ + stars: | 2024-05-04 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Baylon said not all Montana transplants are remote workers buying property and driving up prices. AdvertisementThis is an as-told-to essay based on a conversation with 34-year-old Ian Baylon, a tradesman who moved from California to Montana in April 2022. Here in Montana there's a huge shortage of labor too. While it was very competitive in California, there's a lot of demand for the trades up here, but nobody up here really wants to learn the trades. A lot work in tech or finance, and there's no need for them to work locally.

Persons: Ian Baylon, Baylon, —, Jacob Boomsma, they're, Boz Angeles, United States Gordon Calhoun, Montanans, I've, chokehold, It's Organizations: Service, Crockett, That's Locations: Montana, Bay, California, Bay Area, San Francisco, Crockett, Area, Vallejo, West Yellowstone, Bozeman, Downtown Bozeman , Montana, Mexican, Berkeley, Gallatin, Sky , Bozeman, United States, Washington , New York , Texas, West Coast

☆ 'The Circle' used an AI player to create a bot witch hunt — and soon, we might all be defending our humanity online too
▼ + stars: | 2024-05-04 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Max is the first AI contestant on "The Circle" — he's literally a chatbot. Max is pretty boring, but having an AI in the game turned it into a robot witch hunt. But bringing an AI player into the mix reflects some of the future online trials we're likely to face — and some that are already happening. Netflix"The Circle's" AI player is Max, a chatbot masquerading as a 26-year-old veterinary intern from Wisconsin who describes himself as an "animal whisperer with a knack for making bad pottery, no cap." AdvertisementMaybe the funniest part about Max is that they gave him his own apartment, complete with throw pillows of his human face.

Persons: Max, —, Asimov, Lauren doesn't, He's, Griffin James, who's, Pippa, Steffi, Stephanie, Hill, OpenAI, Alistair Barr, Katie Notopoulos, I'm, Myles Organizations: Service, Netflix, Washington Post Locations: British, Wisconsin

☆ 6 tips to beat the crowds at national parks, from a couple who visited all 63 of them
▼ + stars: | 2024-05-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Matt and Karen Smith, college sweethearts, quit their jobs in 2010 to visit every US national park. The Smiths shared their best tips for avoiding crowded national parks. Last year, the National Parks Service reported that over 325 million people visited at least one of the national parks in the US, a 4% jump from the previous year. But, according to Matt and Karen Smith, a couple who has been to every major US national park, there are several ways to avoid falling into a throng of tourists. This story is available exclusively to Business Insider subscribers.

Persons: Matt, Karen Smith, — Organizations: Smiths, Service, National Parks Service, Business

☆ Charges Against a Congressman Lay Bare Foreign Government Influence Attempts
▼ + stars: | 2024-05-04 | by ( Kenneth P. Vogel | ) www.nytimes.com time to read: +1 min

As tensions flared over disputed territory in the Caucasus region in the summer of 2020, Azerbaijan’s squadron of high-priced Washington lobbyists scrambled to pin the blame on neighboring Armenia and highlight its connections to Russia. Unbeknown to members of Congress, Azerbaijan had an inside man who was working closely with the Azerbaijani ambassador to Washington at the time on a parallel line of attack, according to text messages released by federal prosecutors. Azerbaijan’s ambassador responded enthusiastically. “Your amendment is more timely than ever,” the ambassador, Elin Suleymanov, wrote to Mr. Cuellar. “It is all about Russian presence there,” added Mr. Suleymanov, who referred to the congressman as “Boss.”

Persons: Unbeknown, Henry Cuellar, Elin Suleymanov, Cuellar, ”, Suleymanov Organizations: Azerbaijan’s, Texas Democrat, Russian Locations: Caucasus, Armenia, Russia, Azerbaijan, Washington, Texas, “

☆ Michael Showalter on 'the Idea of You' Controversial Ending, 'Wet Hot'
▼ + stars: | 2024-05-04 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +12 min

Michael Showalter kept acting long after he realized he didn't want to do it anymore — mostly because he needed to eat. Showalter got his start in college doing sketch comedy as a member of The State (formerly The New Group). Fast forward roughly two decades and Showalter has found himself right where he was always meant to be. But as I grew older, it was a combination of I wasn't getting cast in things, but I also wasn't really needing to get cast in things. Is there any one moment where you realized acting wasn't what you loved doing?

Persons: Michael Showalter, Showalter, Michael Ian Black, Joe Lo Truglio, Thomas Lennon, Ken Marino —, he'd, didn't, wasn't, Baxter, he's, Sally Field, Kumail Nanjiani, Zoe Kazan, Oscar, Nanjiani, Jessica Chastain, Tammy Faye, Elizabeth Holmes, Amanda Seyfried, Holmes, Jennifer Westfeldt, Lee's, Anne Hathaway, Reid Scott, Ella Rubin, Nicholas Galitzine, Claudette Godfrey, Daniel Boczarski, You've, you've, … It's, Ivanov, Kevin Kline, I'm, Adam Jason Finmann, gee, Hayes, Alisha Wetherill, Nicholas, Nick, Cathy Schulman, He's, It's, Anne, Bernie Telsey, Maria Organizations: The, Business, MTV, Globe, BI, SXSW, Knitting Factory, Amazon, Netflix Locations: New Jersey, Austin, Hollywood , California

☆ I'm pregnant at 47. It's not how I once pictured things, but it was the right path for me.
▼ + stars: | 2024-05-04 | by ( Heather Grossmann | ) www.businessinsider.com time to read: +5 min

That was eight years ago and followed an egg-freezing debacle that made it blindingly clear my path to parenthood would be circuitous, at best. @#$" — assumedly a stand-in for an expletive and, as it turned out, a very accurate foreshadowing of what was to come. Being pregnant at my age has proven a challenge, in more ways than oneNow, at 47, I am eight months pregnant and nearly downright blissful. AdvertisementLast summer, following two surgeries (one nearly killed me) for uterine fibroids, I was finally ready to go. The truth is, there was no other path to parenthood for me.

Persons: — Organizations: Service, Central, Business

☆ High mortgage rates didn't put a lid on home prices, but soaring insurance costs might, real estate experts say
▼ + stars: | 2024-05-04 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +5 min

While high mortgage rates didn't bring prices down, steep insurance costs could put a lid on further appreciation. But there's an under-the-radar factor that could soon pull down home prices nationally, real estate experts told Business Insider — soaring home insurance costs. AdvertisementThe insurance costs usually come as a surprise to home buyers in those areas, Fairweather added. To Fairweather, it's more precise to say the rising insurance will make home values grow more slowly than they would have, as the robust demand still characterizes the current market. We take into account prices and mortgage rates and now rising insurance costs, but there's still people wanting to buy homes," she said.

Persons: —, Zillow, FRED, Daryl Fairweather, Fairweather, Danielle Hale, Hale, Jesse Keenan, Keenan, it's, homeownership, there's Organizations: Service, Business, Tulane University Locations: Florida, Texas, West, Louisiana

☆ What exactly goes into closing costs?
▼ + stars: | 2024-05-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

But there is an often-overlooked expense when buying a home: closing costs. At the same time, the Biden administration plans to take aim at so-called “junk fees” hidden in closing costs. New York, Delaware and Washington, DC, have the highest average closing costs, according to Bankrate; while Missouri, Indiana and North Dakota have the lowest. Lowering closing costs on your ownThere is one relatively simple way to lower your overall closing costs: shop around. “When you compare those offers, examine not just the rate itself but also the closing costs.

Persons: homebuyers, —, Biden, ” Jeff Ostrowski, , ” Ostrowski, you’re, homebuyers haven’t, Brian Connolly, it’s, “ It’s, ” Connolly, Connolly, ”, Freddie Mac, ” Genaro Villa Organizations: CNN, Consumer Financial, National Association of Realtors, realtors, University of Michigan, NAR, homebuyers Locations: New York , Delaware, Washington, Missouri, Indiana, North Dakota, Bankrate, AnnualCreditReport.com

Below, we've compiled everything you need to know about where to watch the Giro d'Italia races, including free live streams. Keep reading to learn everything you need to know about watching the 2024 Giro d'Italia. ET / 11:55 a.m. BST / 6:55 p.m. AWSTWhere to watch Giro d'Italia in the USMax is be the US streaming home of Giro d'Italia races in 2024. Shop at MaxWhere to watch Giro d'Italia in the UKDiscovery+ will show the 2024 Giro d'Italia races in the UK. Where to watch Giro d'Italia in AustraliaGiro d'Italia will stream on SBS in Australia.

Persons: Primož, Hansgrohe, Tadej, Venaria, Francesco al Campo, Max, HBO Max, it's, ExpressVPN Organizations: Business, Tour de France, UCI, UAE Team Emirates, SBS, Torino, Giro, HBO, Warner Bros, de France Locations: Italy, Australia, ExpressVPN, Francesco, Biella, Australian

Great Barrier Reef, Australia CNN —As the early-morning sun rises over the Great Barrier Reef, its light pierces the turquoise waters of a shallow lagoon, bringing more than a dozen turtles to life. CNN witnessed bleaching on the Great Barrier Reef in mid-February, on five different reefs spanning the northern and southern parts of the 2,300-kilometer (1,400-mile) ecosystem. “It’s a die-off,” said Professor Ove Hoegh-Guldberg, a climate scientist at the University of Queensland in Australia and chief scientist at The Great Barrier Reef Foundation. Our destination is Lady Elliot Island, a remote coral cay perched on top of the southern end of the Great Barrier Reef. — Lady Elliot Island Eco Resort Guano miners once stripped Lady Elliot Island of its topsoil.

Persons: Elliot Island, ”, Kate Quigley, “ We’re, Ove Hoegh, I’m, Guldberg, ‘, Elliot, Peter Gash, “, ” Gash, Lady Elliot, ” Peter Gash, CNN Gash, Derek Manzello, Peter Harrison, “ We’ve, ” Harrison, ” David Ritter, ” Ritter, David Wachenfeld Organizations: Australia CNN —, Atmospheric Administration, NOAA, CNN, Minderoo, University of Queensland, Eco, Reef Watch, Southern Cross University, Australian Institute of Marine Science, Greenpeace, Australia CNN Scientists, AIMS Locations: Australia, El, Brisbane, Queensland, Red Sea, Indonesia, Seychelles, Caribbean, Florida, “, New South Wales, Greenpeace Australia, Briggs, Elliot Island

☆ Biden's new student-loan forgiveness plan has already received over 24,000 comments. There are 2 weeks left to give the administration input.
▼ + stars: | 2024-05-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

There are two weeks left for the public to comment on Biden's new student-debt relief plan. Once the public comment period ends, the administration will move toward final implementation. AdvertisementThe American people have just two weeks left to give President Joe Biden's administration input on its new student-loan forgiveness plan. Related storiesThe plan is now in the public comment period, and there are two weeks left for anyone who wishes to provide input on the administration's proposals. AdvertisementThe comments are available to be viewed publicly, and some of them were supportive of Biden's plan.

Persons: —, Joe Biden's, Biden's, Andrew Bailey, Biden Organizations: Service, Education Department, Federal Register Locations: Missouri

☆ Britain’s Conservatives suffer heavy losses in a sign that Rishi Sunak is in real trouble
▼ + stars: | 2024-05-03 | by ( Luke Mcgee | ) edition.cnn.com time to read: +4 min

CNN —Britain’s governing Conservative Party suffered heavy losses in local elections, a sign that they could be in real trouble when the country holds a general election at some point later this year. It also means that if a general election were held tomorrow, the opposition Labour Party would almost certainly win power. What these results don’t tell us is when the general election will take place. Conservatives are divided on when they think Sunak should bite the ballot bullet. Others think Sunak should look toward the end of the year, as it allows the most time for things to improve.

Persons: Rishi Sunak, Keir Starmer, Sunak, Rwanda –, Boris Johnson, Liz Truss, Johnson, Truss Organizations: CNN, Conservative Party, Labour Party, Conservative, Labour, Reform, Conservatives Locations: Rwanda

☆ The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says
▼ + stars: | 2024-05-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's if Freddie Mac secures approval from its regulator to operate in the market for secondary mortgages, also commonly known as home equity loans. If greenlighted, the scheme would be equivalent to a huge stimulus injection, but without a cent added to the national deficit, the "Oracle of Wall Street" explained. As Freddie Mac is a massive provider of mortgage market liquidity, the move could encourage more banks to extend this financing to customers. The proposal noted that options are limited for homeowners who want to tap their equity, meaning that few are benefiting from the housing market's appreciation.

Persons: —, Meredith Whitney, Whitney, Freddie Mac, Freddie Mac's, Freddie, Fannie Mae, Ginnie Mae Organizations: Service, Business

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