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☆ In Europe, Xi looks to counter claims it’s aiding Russia in Ukraine
▼ + stars: | 2024-05-07 | by ( Simone Mccarthy | Xiaofei Xu | ) edition.cnn.com time to read: +6 min

“China is neither the creator of the crisis, nor a party to it or a participant. The trip will also see Xi visit Serbia and Hungary, with the leader’s visit to Belgrade coinciding with the 25th anniversary of NATO’s bombing of the Chinese embassy in the city that killed three. Beijing has defended its trade with Russia as part of normal bilateral ties; it also says it does not provide weapons to parties in conflict. It has not been accused of sending lethal weapons to Russia, but rather goods with military use. Beijing supports efforts recognized by both Russia and Ukraine, with “equal and just discussions of all possible peace plans at the conference,” he said.

Persons: Xi Jinping, ” Xi, Emmanuel Macron, Ursula von der, “, ramped, Macron, Xi “, he’s, ”, ” Macron, presser, Xi, Vladimir Putin, von der Leyen, Putin Organizations: Hong Kong CNN, French, European, NATO, Biden, Kyiv Locations: Hong Kong, Ukraine, China, Europe, Moscow, “ China, Paris, Washington, Beijing, Russian, Serbia, Hungary, Belgrade, Serbian, Balkans, Russia, France, “, Israel, Switzerland

☆ The stock market's sell-off is over and the Fed gave 5 bullish signs to investors at its latest meeting, Fundstrat's Tom Lee says
▼ + stars: | 2024-05-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The sell-off that battered stocks in April probably won't stretch into May, according to Fundstrat's Tom Lee. AdvertisementThe stock market's sell-off could be over, and five bullish signals the Fed gave at its latest policy meeting are setting the stage for gains in May, according to Fundstrat's head of research Tom Lee. Investors are now pricing in a 69% chance the Fed could rate rates once or twice by the end of the year, according to the CME FedWatch tool. Stock investors have already perked up on a brighter outlook for Fed rate cuts this year. Stocks reacted positively to the Wednesday Fed meeting.

Persons: Tom Lee, Lee, —, Powell, presser, Stocks Organizations: Service, Markets, Fed, stagflation, Investors

☆ Lauren Boebert got into a scrap with pro-Palestine protesters over a flag after she was heckled with chants of 'Beetlejuice'
▼ + stars: | 2024-05-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Rep. Lauren Boebert went to George Washington University on Wednesday. The Colorado Republican sparred with pro-Palestinian protesters at the university. AdvertisementRep. Lauren Boebert's attempt to engage with pro-Palestinian protesters at George Washington University on Wednesday didn't go very well. Boebert visited the college campus with her fellow GOP politicians, James Comer, Byron Donalds, and Anna Paulina Luna. VIDEO: Cong @laurenboebert attempts to rip down Palestinian flag that was draped over George Washington statue on the GWU campus.

Persons: Lauren Boebert, fondling, —, Lauren Boebert's, Boebert, James Comer, Byron Donalds, Anna Paulina Luna, “, 😂😂 Organizations: George Washington University, Wednesday, The Colorado Republican, Protesters, Service, Colorado Republican, GOP

☆ Opinion: Melania’s complicated ‘stand by your man’ routine
▼ + stars: | 2024-04-24 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +6 min

The days of women standing up next to their philandering husbands should be well in the rear view. Melania’s decision to stay married to Donald despite very public evidence of an affair is her choice to make. (Her decision to stay married to a man who very publicly cheated on his first wife, is virulently misogynistic and has stoked hatred of immigrants tells us something else about her character.) Former First Lady Melania Trump stands alongside her husband, former President Donald Trump at a fundraising event in Palm Beach, Florida on April 6, 2024. Would Donald stay married to Melania if she faced multiple very public affair accusations?

Persons: Jill Filipovic, Donald Trump, Stormy Daniels, Melania, Barron, Trump, Karen McDougal, Daniels, McDougal, Donald, Lady Melania Trump, Alon Skuy, Bill Clinton, Idaho Sen, Larry Craig, Craig, Eliot Spitzer, Silda Wall Spitzer, stoically, Abedin, Anthony Weiner, Former Louisiana Sen, David Vitter, Wendy, presser, ” premised, –, Chip Somodevilla, She’s Organizations: Twitter, CNN, Republican, Former New York Gov, York, Former Louisiana, Rochester Opera House Locations: New York, Manhattan, Palm Beach , Florida, Idaho, Paris, Rochester , New Hampshire

☆ AUKUS won't spur a nuclear arms race in the region, says U.S. Under Secretary of State
▼ + stars: | 2024-04-23 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Tayfun Coskun | Anadolu Agency | Getty ImagesThe trilateral defense and security pact between the Australia, U.K., and U.S. — commonly referred to as AUKUS — is not going to trigger a nuclear arms race in the Indo-Pacific region, said the U.S. China responded at that time, warning of the danger of an arms race as well as nuclear proliferation. watch now"It's very important that countries understand that this is not to create a race — to create any kind of arms' races. Nuclear-powered submarines are allowed under the nuclear non-proliferation treaty and Australia is not going to become a nuclear weapons state," she added. China's responseChina reiterated its warning that Western powers in the AUKUS security pact are provoking division and risking nuclear proliferation in the South Pacific in its latest remarks.

Persons: Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Bonnie Denise Jenkins, Jenkins, Wang Wenbin, presser Organizations: Naval Base Point, Anadolu Agency, Getty, U.S, for Arms Control, International Security, International Atomic Energy Agency, South Pacific, Pacific Nuclear, Foreign Locations: Australia, United Kingdom, United States, Naval Base Point Loma, San Diego , California, China, South

☆ Opinion: Caitlin Clark is still the GOAT, but she’s not the only one
▼ + stars: | 2024-04-08 | by ( Opinion Amy Bass | ) edition.cnn.com time to read: +12 min

This year’s women’s tournament just kept getting better with every turn. That intensity is proof positive that women’s basketball has exploded. The valuation of the college game, too, is on a meteoric rise. Caitlin Clark talks with the media after Iowa's loss to South Carolina in the 2024 NCAA Women's Basketball Tournament National Championship on April 7. “I want to personally thank Caitlin Clark for lifting up our sport… she carried a heavy load,” Staley said.

Persons: Amy Bass, Read, CNN —, Georgeann Wells, Ashlyn Watkins, Rodney Bedsole, Caitlin Clark, There’s, Tara VanDerveer’s, Geno Auriemma, Rebecca Lobo, Renee Montgomery, Kerry Bascom, Sue Bird, Diana Taurasi, Maya Moore, Breanna Stewart, Dawn Staley, Pat Summit’s Lady, Clark, Kamilla Cardoso, Staley, It’s, Aaliyah Edwards, Cardoso, Paige Bueckers, Watkins, Angel Reese, We’ve, Reese, Stewart, Taylor Swift, –, ’, Clark pandemonium –, Jason Sudeikis, Steph Chambers, MiLaysia Fulwiley, Tessa Johnson, ” Staley, Stanford’s Cameron Brink, Tennessee’s Rickea Jackson, Edwards, “, Serena Williams, ” Reese, ” Kamilla Cardoso, Gregory Shamus Organizations: Manhattanville College, CNN, University of Charleston, Iowa, NCAA, Louisiana Tech, Cheyney, Nykesha, CBS, Pat Summit’s Lady Vols, Tennessee, Auriemma’s Huskies, Gamecocks, US Women’s National, WNBA, Seattle, LSU, UConn, MLB, NHL, MLS, ESPN, Getty, North, Vogue, South Carolina Gamecocks, Indiana Fever, Las Vegas Aces, Fever, Mobile, South Carolina Locations: West Virginia, South, Stanford, South Carolina, Iowa, North America

☆ In post-Covid China, the masks are off, but Xi’s tight control is here to stay
▼ + stars: | 2024-03-07 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

2 official, who is charged with running its economy – and one more move for Xi to cement his control over the official narrative. China's Premier Li Qiang speaks during a press conference after the closing session of the National People's Congress in Beijing on March 13, 2023. He used his first and likely last press conference last year to highlight the prominence of the Communist Party over the state government. The axing of the premier’s press conference came alongside a shortening of the “two sessions” overall – first imposed during the pandemic to prevent the spread of Covid. Traffic slowed due to checkpoints on surrounding streets, with security officials even stopping and checking IDs of some cyclists riding on a major throughfare along the square.

Persons: Xi Jinping, Xi, ”, Liu Dongshu, Jinping, Li Qiang, Greg Baker, Premier Li Keqiang, Xi protégé Li Qiang, Li, “, ” Li, Liu, ” Changhao Wei, Paul Tsai, presser, Tatan Organizations: Beijing CNN, of, National People’s Congress, City University of Hong, National People's Congress, Premier, Communist Party, Paul Tsai China Center of Yale Law School, National People's, AP, Communist Locations: Beijing, Communist, China, City University of Hong Kong, AFP, Hong Kong, Tiananmen

☆ TikTok is getting a new head of global trust and safety
▼ + stars: | 2024-02-27 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —TikTok’s global trust and safety unit is getting a new leader, the company confirmed on Tuesday. Following Keenan’s move, TikTok’s global trust and safety unit will now fall under the leadership of Adam Presser, the company’s Los Angeles-based head of operations. However, TikTok’s trust and safety staff will otherwise remain in place as-is, according to the company. The leadership changes come as TikTok continues to face scrutiny in the United States, Europe and elsewhere over the safety and security of its platform. TikTok plans to invest $2 billion in trust and safety efforts in 2024, Chew said during the hearing.

Persons: Cormac Keenan, Shou Chew, Keenan, Adam Presser, Cormac, ” Chew, Chew, Theo Bertram, Rich Waterworth Organizations: New, New York CNN, CNN Locations: New York, Dublin, Ireland, Los Angeles, Europe, Middle East, Africa, United States

☆ Bad night for a furious Biden
▼ + stars: | 2024-02-09 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

President Joe Biden held a last-minute presser after a special counsel report questioned his memory. Biden blasted the claims and scolded reporters who pressed him on them. But Biden also made a gaffe and misspoke just moments after defending his memory. AdvertisementPresident Joe Biden appeared furious on Thursday during a last-minute press conference held at the White House about the special counsel report on his handling of classified documents. While the report determined Biden should not be criminally charged, it included stark statements about his memory, describing it as "poor" and "hazy."

Persons: Joe Biden, presser, Biden, — Organizations: Service, White House, Business

☆ Powell says Fed still expects to make 3 interest rate cuts this year
▼ + stars: | 2024-02-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The Federal Reserve in December forecast three interest rate cuts in 2024. In a "60 Minutes" interview, Fed Chair Jerome Powell said nothing has "dramatically" changed since. AdvertisementIn a "60 Minutes" interview on Sunday, Fed Chair Jerome Powell said that the Federal Reserve's December 2023 forecasts for three interest rate cuts this year remain the same. AdvertisementSince July, the Fed interest rate has sat at 5.25% to 5.5%. But despite a strong labor market and cooling inflation, Powell said in the interview that the Fed wants to see "more evidence that inflation is moving sustainably down to 2%" to make interest rate cuts sooner.

Persons: Jerome Powell, Powell, —, Scott Pelley, Pelley, presser, Donald Trump Organizations: Federal Reserve, Service, Federal, Market Committee, Associated Press, Bank of America, Fed, Fox News

☆ Dollar scales fresh peaks as Fed cut bets recede
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +3 min

"A one-two punch from Jay Powell's FOMC presser and a very strong nonfarm payrolls report have essentially closed the door on a March rate cut," said Chris Weston, head of research at Pepperstone. The Japanese yen was last 0.15% lower at 148.58 per dollar, having hit a trough of 148.82 earlier in the session. Treasury yields also jumped on expectations of higher-for-longer U.S. rates, with the two-year yield, which typically reflects near-term interest rate expectations, last up nearly seven bps at 4.4386%. That did little to help the yuan, with the offshore yuan last marginally lower at 7.2182 per dollar, pressured by a stronger greenback. "So far we've just seen speculation and some media reports talking about further support for the equity market or the property market.

Persons: Jerome Powell's, Jay Powell's FOMC presser, Chris Weston, Powell, Carol Kong, CBA's Organizations: Federal Reserve, New, Traders, Fed, CBS, Sterling, Commonwealth Bank of Australia, Treasury Locations: Buenos Aires, Argentina, New Zealand

☆ Fed Chair Powell introduced a new risk of 'no landing' yesterday, says Roger Ferguson
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell introduced a new risk of 'no landing' yesterday, says Roger FergusonFormer Fed Vice Chairman Roger Ferguson joins 'Squawk Box' to discuss the Fed's decision to leave rates unchanged, key takeaways from Fed Chair Powell's presser, rate path outlook, and more.

Persons: Powell, Roger Ferguson, Powell's presser

☆ The Fed's first rate cut won't happen until June after surprisingly cautious guidance from the central bank, Bank of America says
▼ + stars: | 2024-02-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The first Fed rate cut probably isn't coming until June, according to Bank of America. Central bank chief Jerome Powell pushed back on hopes for a March rate cut on Wednesday. AdvertisementThe Fed's first rate cut is now unlikely to come in March after the central bank struck a surprisingly hawkish tone at Wednesday's Federal Open Market Committee meeting, according to Bank of America. Investors still see an aggressive pace of rate cuts by the end of the year, despite lowered hopes for a March cut. AdvertisementExperts have warned that Fed rate cuts could be a double-edged sword for the economy, particularly if the Fed cuts interest rates rapidly.

Persons: Jerome Powell, —, Jerome Powell's presser, aren't, Powell, Jeff Gundlach Organizations: Bank of America, Service, Fed

☆ Investors can expect 1-2 rate cuts in the second half of 2024, says Oppenheimer's John Stoltzfus
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors can expect 1-2 rate cuts in the second half of 2024, says Oppenheimer's John StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk Box' to discuss the Fed's rate decision, takeaways from Fed Chair Powell's presser, rate path outlook, and more.

Persons: Oppenheimer's John Stoltzfus John Stoltzfus, takeaways, Powell's presser Organizations: Oppenheimer Asset Management

☆ Israel confirms 17 hostages released, including four-year-old American girl
▼ + stars: | 2023-11-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

The Israeli Prime Minister's office confirmed that 17 hostages held by Hamas in Gaza were released on Sunday, including four-year-old Israeli-American Abigail Mor Edan. The Prime Minister's office said that 14 of the individuals were Israeli citizens, while the other three were foreign nationals. Fifty Hamas hostages are due to be freed over the four days under the terms of an agreement between Israel and Hamas. In the first two days of the temporary cease-fire, 24 hostages were released from Gaza in exchange for 39 Palestinian prisoners. There is a clause within the current Israel-Hamas agreement that would extend the military pause if Hamas agrees to release additional hostages beyond the initial 50.

Persons: Abigail Mor Edan, Abigail Edan, Alma Avraham, Aviva Adrian Siegel, Ron Cariboy, Hagar Brodetz, Yuval Brodetz, Uriah Brodetz, Chen Goldstein Almog, Agam Goldstein Almog, Gal Goldstein Almog, Tal Goldstein Almog, Ella Elikim, Joe Biden, Abigail, she's, Liz Hirsh Naftali, Noa Naftali, Edan's, Biden, presser, Jake Sullivan, Sullivan, Sheikh Mohammed bin Abdulrahman Al Thani, Ronen Neutra, Omer Neutra, Orna, We're, Omer's Organizations: Aviva, United States National, Qatari, CBS, U.S, Hamas, Israel Defense Forces, Press Locations: Israel, Rafah, Gaza, Israeli, Qatar, Egypt, Long Island , New York

Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.

Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, “, General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, ’, it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, “, rulemaking

☆ Sacha Baron Cohen told TikTok bosses that the platform was creating the 'biggest antisemitic movement since the Nazis'
▼ + stars: | 2023-11-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Actor told TikTok bosses that the platform was creating the "biggest antisemitic movement since the Nazis." AdvertisementIn a recent video call between Jewish celebrities and TikTok executives, actor and campaigner Sacha Baron Cohen accused the popular video app of "creating the biggest antisemitic movement since the Nazis," reported The New York Times. The accusation comes amid growing concerns about TikTok's role in fostering an alleged surge of antisemitic abuse on its platform and wider social media. AdvertisementBaron Cohen told TikTok executives, "shame on you," for allegedly promoting hate through the content circulated on the app. Presser acknowledged the validity of Baron Cohen's concerns, admitting that social media companies, including TikTok, must combat hate content more.

Persons: TikTok, Baron Cohen, Hitler, —, Sacha Baron Cohen, Dustin Moskovitz, Elon Musk, Musk, Mark Zuckerberg, Anne Frank, Amy Schumer, Grace, Debra Messing, Adam Presser, Seth Melnick, Presser, Baron Cohen's, Osama bin Laden's, Jamie McCarthy, Osama bin, hashtag, Nikki Haley, Osama Bin Organizations: Service, New York Times, IBM, Golden Globes, TikTok, Will, Carnegie Hall, Guardian Locations: New York City, China

Brendan Smialowski | Afp | Getty ImagesBEIJING — U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries. China's Defense Ministry declined a call with its U.S. counterpart in early February after the discovery of an alleged Chinese spy balloon over U.S. airspace. The balloon incident delayed U.S. Secretary of State Antony Blinken's highly anticipated trip to China by more than four months. U.S. Secretary of Defense Lloyd Austin will meet with his Chinese counterpart when the Chinese defense chief is selected, a senior Biden administration official told reporters after the Biden-Xi summit. A readout published by Chinese state media added the resumption of such military talks was "on the basis of equality and respect," according to a CNBC translation.

Persons: Joe Biden, Xi Jinping, Brendan Smialowski, Biden, Antony Blinken's, Blinken, Li Shangfu, Defense Lloyd Austin, presser, China's, I'm, that's, Xi Organizations: Economic Cooperation, Afp, Getty, American, China's Defense, U.S, Defense, Biden, CNBC, Trade Locations: San Francisco, Asia, BEIJING, U.S, China, Taiwan, South, Philippines, Singapore, Pacific, Hawaii, Indonesia, Beijing

☆ Jewish Celebrities and Influencers Confront TikTok Executives in Private Call
▼ + stars: | 2023-11-16 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

More than a dozen Jewish TikTok creators and celebrities confronted TikTok executives and other employees in a private meeting on Wednesday night, urging them to do more to address a surge of antisemitism and harassment on the popular video service. It was led by Adam Presser, TikTok’s head of operations, and Seth Melnick, its global head of user operations. The executives said they wanted to know more about what the creators were experiencing to improve the app, according to a recording of the meeting obtained by The New York Times. “What is happening at TikTok is it is creating the biggest antisemitic movement since the Nazis,” Mr. Cohen, who does not appear to have an official TikTok account, said early in the call. He criticized violent imagery and disinformation on the platform, telling Mr. Presser, “Shame on you,” and claiming that TikTok could “flip a switch” to fix antisemitism on its platform.

Persons: Sacha Baron Cohen, Debra Messing, Amy Schumer, Adam Presser, TikTok’s, Seth Melnick, “ Hitler, Anne Frank ”, ” Mr, Cohen, Presser Organizations: The New York Times Locations: TikTok

☆ The Fed is terrified Americans could get used to high inflation. It may already be happening.
▼ + stars: | 2023-11-12 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials don’t expect inflation to reach 2% until 2026, according to their latest economic projections released in September. If there’s one thing that would make the Fed quake in its boots, it would be worsening inflation expectations. The keyword there is “timely.”Sticky inflation could possibly “un-anchor” inflation expectations or elicit a consistent deterioration in Americans’ perception on inflation. “The Fed really just wants people to not expect inflation will run at 4% forever.”So what’s kept inflation expectations in check this long? For individuals and married people filing separately, the new federal standard deduction will increase to $14,600, up from $13,850 this year.

Persons: we’ve, Raphael Bostic, “, ” Luke Tilley, ”, Jerome Powell, presser, Powell, Michelle Bowman, Tilley, ” Drew Matus, what’s, Matus, “ They’re, Jeanne Sahadi, Lisa Cook, Phillip Jefferson, Michael Barr, Loretta Mester, Austan Goolsbee, John Williams, Christopher Waller, Mary Daly Organizations: DC CNN, Federal Reserve, Fed, University of Michigan’s, Atlanta Fed, Bloomberg, Investment Advisors, CNN, ”, New York Bankers Association, New York Fed, MetLife Investment Management, IRS, Tyson Foods, Depot, US Labor Department, National Federation of Independent Business, China’s National Bureau of Statistics, Target, National Statistics, US Commerce Department, Walmart, National Association of Home Builders, San Francisco Fed Locations: Washington, Wilmington, Palm Beach , Florida

☆ Morning Bid: Markets cheer as Powell finds his balance
▼ + stars: | 2023-11-02 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNov 2 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been a day for relief rallies in Asia as investors became increasingly confident the next move in U.S. interest rates will be down, not up. While Federal Reserve Chair Jerome Powell maintained the option of another hike, he sounded less than committed to the idea. The dovish mood proved infectious as investors pared back rate risks across much of the developed world.

Persons: Jerome Powell, Kevin Lamarque, Wayne Cole, It's, presser, Powell, EURIBOR, Edouard Fernandez, Isabel Schnabel, Philip Lane, Sam Holmes Organizations: Federal, Committee, Federal Reserve, REUTERS, Treasury, The Bank of, U.S, Bank of England, Norges Bank, Thomson Locations: Washington , U.S, Wayne, Asia, The Bank of England, China

In it, the Haitian-born filmmaker of “Lumumba,” “Sometimes in April” and some of the most thoughtful, prodding essay-film documentaries, chronicles the story of the Reels family in North Carolina. The land, known as Silver Dollar Road, has been in the family since the days of Reconstruction, when their ancestors were freed from slavery. In Peck’s hands, the film stays close to the Reels’ experience and to the land; images of vines that wrap the family tree seem to grow out of the forests of Silver Dollar Road. There’s no way you can recover.”Instead, any villain in “Silver Dollar Road” is faceless. To feel at home and to feel at ease, not to be afraid that there would be something that would aggress them.”Peck was in Toronto to premiere “Silver Dollar Road” at the Toronto International Film Festival.

Persons: Raoul Peck, Barry Jenkins beelined, James Baldwin, Peck, Oscar, " Jenkins, ”, Baldwin, “, Beale, ” Jenkins, “ Lumumba, Elijah, what's, Melvin Davis, ” Peck, it’s, I’ve, Lizzie Presser, Mamie, Ellison, Kim Renee Duhon, Duhon, “ We’ll, they’re, Jake Coyle Organizations: TORONTO, HBO, Toronto, Twitter Locations: Toronto, Haitian, ”, North Carolina, Adams, Carteret County, North America, Berlin

☆ This simple tactic helped a CEO sell his business for $1 million at age 21—here’s how to do it
▼ + stars: | 2023-10-05 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Specifically, his teenage solution to his family's financial woes — a dry-cleaning company — sold for $1 million in just three years, setting him on the path to serial entrepreneurship, Henry said. As a doorman, he connected with a resident who ran a different dry-cleaning company, and offered to teach him the economics behind the business, he said. After getting fired from his doorman gig, Henry realized he was learning more at the dry-cleaning company than at school, so he dropped out, he said. Pleased with the work, the wardrobe supervisor recommended Henry's dad to NBC's "Law and Order." After three years, Henry sold the company to one of its vendors for $1 million, Forbes reported in 2016.

Persons: John Henry, Henry, LinkedIn's, —, presser, NBC's, Forbes Organizations: Insurance, CNBC Locations: New York City, Dominican Republic, New, Harlem

☆ Analysts react to Federal Reserve leaving interest rates unchanged
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +8 min

Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current range. I do think that they'll remain data dependent and you'll probably hear that from Powell at the 2:30 press conference and going forward as well. So yes, they're talking about higher rates for longer, but it's really the economy that matters. This is because when the Fed announces an interest rate increase, credit card interest rates typically follow shortly thereafter, which may result in larger minimum monthly payments for credit card holders. While the decision not to raise interest rates this time round mitigates that for now, more interest rate increases may be on the horizon.

Persons: Jerome Powell, GARRETT MELSON, presser, GINA BOLVIN, Powell, BRIAN JACOBSEN, MENOMONEE, KARL SCHAMOTTA, GENNADIY GOLDBERG, it's, TOM MARTIN, MICHELE RANERI Organizations: Federal Reserve, U.S, Treasury, Fed, PPI, OF, TOM, Global Finance, Markets, Thomson Locations: BOSTON, Powell, WISCONSIN, TORONTO, U.S, ATLANTA, CHICAGO

☆ Stocks stalled as oil surge sets stage for longer US rate peak
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But at $93.52 a barrel, prices remain up 30% in three months as Saudi Arabia and Russia reduce output. Benchmark 10-year Treasury yields had hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The yen is down 11% on the dollar this year as expectations firm for U.S. rates to stay high and Japanese rates to stay low. The yen hit a 10-month trough of 147.95 to the dollar late last week and it traded at 147.85 on Wednesday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, Stocks, Jerome, Sam Rines, Powell presser, Masato Kanda, Eugene Low, Miral Fahmy, Jamie Freed Organizations: Federal Reserve, Brent, FTSE, Japan's Nikkei, Bank of, New Zealand, Thomson Locations: SINGAPORE, Asia, Saudi Arabia, Russia, Pacific, Japan, Hong Kong, China, Texas, Sweden, Switzerland, Norway, Britain, U.S, Singapore, Australia, Argentina

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