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☆ Biden administration set to revamp Trump’s tariff program after multi-year review, sources say
▼ + stars: | 2024-05-10 | by ( Kayla Tausche | ) edition.cnn.com time to read: +5 min

Washington CNN —The Biden administration is set to unveil a sweeping restructuring of former President Donald Trump’s trademark tariffs on Chinese imports, according to sources familiar with the matter. “The Biden administration has neutralized China as a campaign issue,” said Hodge, now a managing director at Bully Pulpit International. Tariffs are essentially a tax on US businesses and consumers, adding to the cost of imported goods. More than half of the duties have been collected during the Biden administration. The Biden administration had planned to release the results of the review in advance of the Pittsburgh speech, the sources familiar with the matter said, but ended up delaying the release.

Persons: Washington CNN —, Biden, Donald Trump’s, Joe Biden refines, Trump, Adam Hodge, “, ”, Hodge, –, ” Biden, Janet Yellen, Antony Blinken, Clete Willems, Akin Gump, Willems Organizations: Washington CNN, US Trade Representative, Biden’s National Security Council, US Trade, Treasury, Commerce, Trump, US Customs, “ Steel, Seven, European Union, National Economic Council, EU, European Commission, Treasury Department Locations: China, Pittsburgh, Italy, Puglia

☆ Stanley Druckenmiller gives Biden's economic policies an 'F', blames the Fed for reigniting inflation
▼ + stars: | 2024-05-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's re-election chances, billionaire investor Stanley Druckenmiller said Tuesday. Everybody seems to get it but Yellen, who just keeps spending and spending," Druckenmiller said. Druckenmiller's comments come with the Fed still trying to bring inflation down, as policymakers have dashed investors' hopes for aggressive interest rate cuts this year. Getting markets enthused about rate reductions was a mistake because it set financial conditions "on fire," he said. Inflation was coming down, financial conditions were tightening," he said.

Persons: Joe Biden's, Stanley Druckenmiller, Janet Yellen, Jerome Powell, Druckenmiller Organizations: Federal Reserve, Duquesne Family Office, Fed

☆ Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +2 min

A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024. Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region. Brent crude futures were up 77 cents, or 0.9%, to $83.73 a barrel at 1055 GMT, while U.S. West Texas Intermediate crude futures were at $78.98 a barrel, up 87 cents, or 1.1%. The geopolitical risk premium in oil prices also eased as talks for a Gaza ceasefire were underway. Also supporting oil was Saudi Arabia's move to raise the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean in June, signaling expectations of strong demand this summer.

Persons: Brent, Tony Sycamore Organizations: Brent, U.S, West Texas, IG Locations: Elk, California, United States, Saudi Arabia, Gaza, Israel, Rafah, Saudi, Asia, Northwest Europe, China

☆ Interest rates and the AI-fueled rally remain top of mind for stock investors in the week ahead
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.

Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan

☆ S&P 500 futures fall as Wall Street braces for Fed rate decision: Live updates
▼ + stars: | 2024-04-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve's rate policy decision. Futures linked to the broad market index slipped 0.22%, while Nasdaq 100 futures dropped 0.42%. During Tuesday's main trading session, the Dow and S&P 500 both shed more than 1%. Bond yields jumped after the first quarter's employment cost index came in higher than anticipated, reigniting worries that the Fed will keep interest rates high. "The concern is that the Fed will definitely be slower to lower interest rates," said CFRA chief investment strategist Sam Stovall.

Persons: reigniting, Dow, Jerome Powell, Sam Stovall, Kraft Heinz, DoorDash Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Amazon, Dow, Traders, Fed, Pfizer, Kraft, CVS Health, Qualcomm Locations: New York City

☆ Use these 7 phrases to make new friends at any age, says psychologist and expert in human connection
▼ + stars: | 2024-04-23 | by ( Marisa G. Franco | ) www.cnbc.com time to read: +4 min

Making new friends can feel more daunting when you're past the stages of playgrounds, school sports teams, and dorm rooms. And the average person loses two social ties, including friends, when they get into a romantic relationship. As a psychologist and expert on human connection, I know that the people who are most successful in building and rebuilding their social circles are the ones who don't wait for new friends to come to them. I'd love to stay in touch, if you're open to it. People tend to be particularly open to building a connection when some sort of foundation is already in place.

Persons: I've, Let's, Rebecca G, Adams, you've, _____, reigniting Organizations: Social

☆ Time’s 100 Most Influential People: Five icons you should know from the 2024 list
▼ + stars: | 2024-04-18 | by ( Leah Asmelash | ) edition.cnn.com time to read: +7 min

TIME released its list of the 100 Most Influential People for 2024 on Wednesday. The annual list, which asks cultural and political icons to highlight the changemakers of the past year, features dozens of athletes, entertainers, artists and politicians. Beninese music legend Angélique Kidjo wrote about Nigerian artist Burna Boy, who in turn wrote about rapper 21 Savage. Shawn Fain, UAW PresidentPresident Joe Biden wrote about Shawn Fain, president of the United Auto Workers, for TIME. Mohammed Abed/AFP/Getty ImagesAt just 25 years of age, Motaz Azaiza is the youngest person on this year’s TIME list.

Persons: Alex Rodriguez, Patrick Mahomes, Amy Poehler, Maya Rudolph, Raquel Willis, Elliot Page, Angélique Kidjo, Burna Boy, Taraji P, Henson, Coleman Domingo, Shawn Fain, Joe Biden, Tom Williams, ” Fain, Biden, “, —, Fain, ” Biden, Motaz Azaiza, Yasmeen Serhan, Mohammed Abed, Azaiza, Instagram, ” Serhan, CNN —, ” Azaiza, ” Jenni Hermoso, Jenni Hermoso, Mana Shim, Fran Santiago, Luis Rubiales, Hermoso’s, Rubiales, Hermoso, “ Hermoso, ” Shim, Sakshi Malik, Nisha Pahuja, Brij Bhushan Sharan Singh, Manish Rajput, Malik, Singh, ” Malik, Bhushan Sharan Singh’s, ”, Yulia Navalnaya, Russia’s, Alexei Navalny, Kamala Harris, Monika Skolimowska, Alexey Navalny, Putin, “ Putin, Navalnaya, “ Navalnaya, ” Harris Organizations: CNN, TIME, United Auto Workers, UAW, Toyota, Honda, Hyundai, Getty, “, UEFA Women's Nations League, UEFA, Spanish Women’s National Team, FIFA, Wrestling Federation of India, India Today, Delhi Locations: Dua Lipa, Gaza, AFP, Palestinian, Spanish, American, Indian, Rio ., Europe, Berlin, Paris, Hague, ”, Russian, Russia

☆ Nike's high-cut body suit for Team USA highlights the weird differences between men's and women's Olympic outfits
▼ + stars: | 2024-04-17 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +8 min

A Team USA bodysuit is reigniting a conversation about the design of women's athletic outfits. Following the reveal of the showy unitard, athletes quipped that they would definitely need a thorough wax to wear the women's piece. Jordana Katcher, Nike's vice president for global sports apparel, also told the Post that several women athletes had requested the unitard specifically. Black women athletes are often hyper-sexualized or painted as angry or evil. Women athletes in sports like gymnastics, volleyball, and track and field are sometimes expected to wear bikini bottoms or short leotards.

Persons: Lauren Fleshman, —, Tara Davis, Woodhall, Anna Cockrell, Stephanie Lecocq, Jordana, Queen Harrison, Claye —, Harrison, Claye, Marc Atkins, Fleshman, Naomi Osaka, Sha'Carri Richardson, Angel Reese, Caitlin Clark, Reese, Emmanuel Acho, Katie Moon, Voss, FABRICE COFFRINI, Organizations: Service, USA, Olympic, Washington Post, Reuters Nike, Nike, Business, Team USA, British, Getty, New York Times, BBC, International Handball Federation, Tokyo Locations: Washington, AFP, Norwegian

☆ Oil prices could see 'super spike well above $100' if conflict escalates after Iran's attack on Israel
▼ + stars: | 2024-04-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Any disruption in its capacity to supply global markets could send oil prices higher, analysts told CNBC. Insufficient investment makes supply more fragile and increases the chance of a super spike well above $100 if supply is disrupted. Stock Chart Icon Stock chart icon Oil prices since the start of the year. "I think oil prices will go to all time highs this cycle, due to a decade of under-investment in exploration and development," Young added. Oil prices have climbed in recent months on trade disruptions and delays caused by Red Sea maritime attacks from the Houthis, who claim solidarity with the Palestinian people.

Persons: Saeid Arabzadeh, Israel reigniting, Andy Lipow, Daniel Hagari, Josh Young, Brent, Young, Morgan Stanley's Organizations: Afp, Getty, OPEC, CNBC, Brent, Lipow Oil Associates, Israel Defense Forces, Bison, Iran's United Nations, underinvestment, U.S, West Texas Locations: Persian, Iran, Hormuz, Oman, Israel, Damascus, Syria, Asia

☆ Angelina Jolie alleges ‘history’ of Brad Pitt’s physical abuse prior to 2016 plane ride in new Miraval filing
▼ + stars: | 2024-04-04 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

CNN —Angelina Jolie and Brad Pitt’s fight over the French winery they once owned together is coming to a head and reigniting older conflicts, as new legal documents allege a “history of physical abuse of Jolie” on the part of Pitt prior to their fateful plane ride in 2016. Pitt refused to purchase Ms. Jolie’s interest when she would not be silenced by his NDA. The ongoing legal proceedings and “Pitt’s unyielding attempts to control and punish Jolie continue to take a huge emotional and financial toll on her and their family,” the filing reads. Legal proceedings as they pertain to the Miraval dispute also remain ongoing. The former couple purchased the country estate and winery in the south of France in 2008.

Persons: Angelina Jolie, Brad Pitt’s, Jolie ”, Pitt, Jolie, ” Jolie, “, ”, Mr, ” Paul Murphy, Brad, del, Yuri Shefler, “ Jolie Organizations: CNN, Los Angeles Superior Court, ” CNN, FBI, Pitt, Stoli Locations: France, Los Angeles, Russian

☆ Golf movies: From cult classics to charming comedies, what happened when the sport got the Hollywood treatment
▼ + stars: | 2024-03-29 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

The plot revolves around a high school student – played by Michael O’Keefe – and his journey to obtain a college scholarship. ‘Happy Gilmore’Arguably one of the most famous sports films of all time, ‘Happy Gilmore’ is an all-time classic. The movie tells the story of the journey of Happy Gilmore – played by Adam Sandler – from failing ice hockey player to golf phenom after discovering his natural gifts on the course. Sandler's character in 'Happy Gilmore' battles to save his grandmother's house as well as adjusting to a new sport in golf. “With ‘Happy Gilmore,’ the funny thing is that there are so many non-golfers who would know what the ‘Happy Gilmore swing’ is or they’ve watched the film,” Boulden told CNN’s Living Golf in 2021.

Persons: –, Michael O’Keefe –, Elihu Smails, Ted Knight, Al Czervik, Rodney Dangerfield, greenskeeper –, Bill Murray –, Chevy Chase, ‘ Caddyshack, ’, Kenny Loggins –, Woods, ‘ Happy Gilmore, Happy Gilmore –, Adam Sandler –, Gilmore, acclimatize, Happy Gilmore, Shooter McGavin, Sandler, Christopher McDonald, Amy Boulden, ” Boulden, it’s, they’ve, Boulden, Happy Gilmore ’, Kevin Costner, Rene Russo, ‘, Costner’s Roy ‘, McAvoy –, Molly Griswold –, Russo –, Griswold, David Simms, Costner, Don Johnson, McAvoy, Eddie Pepperell, caddie, Romeo Posar, Cheech Marin, Posar, Maurice Flitcroft –, Mark Rylance –, Maurice Flitcroft, Mark Rylance, Catana Starks, Starks, Taraji P, Henson, Jason Kempin Organizations: CNN, Bushwood Country, Smails, ESPN, CNN Sport, European, Hollywood, BBC Films, British Film Institute, Tennessee State University, National Black College, Hall of Fame Locations: Texas, British

☆ Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
▼ + stars: | 2024-03-28 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC. His comments come as investors await the release of further U.S. economic data and closely monitor clues from Fed officials about the expected number of interest rate cuts in 2024. Asked on Thursday about the likelihood of one or no Fed interest rate cuts this year, Blitz said that it's "getting pretty good. Blitz said markets will likely continue to march higher, even if the Fed decides not to impose any interest rate cuts this year — a prospect that U.S. asset manager Vanguard named as their base-case scenario. Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024.

Persons: Jerome Powell, William McChesney Martin, Chip Somodevilla, Steven Blitz, Blitz, They're, CNBC's, it's, Christopher Waller, Waller, Raphael Bostic, Jerome, Powell Organizations: Bank, Getty, Federal Reserve, TS Lombard, Traders, Fed, Vanguard, Economic, of New, Atlanta Federal Reserve, US Federal Reserve, Bloomberg Locations: Washington ,, U.S, of New York, Atlanta, Washington , DC

☆ The Fed is going to make inflation worse with rate-cut promises, former central banker says
▼ + stars: | 2024-03-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed could be making inflation even hotter with its promises of rate cuts. That's according to former Fed Governor Kevin Warsh, who says the central bank is "goosing" the economy. AdvertisementThe Federal Reserve could be mucking up the economy with its promises that it will cut interest rates later this year, according to former central banker Kevin Warsh. Related stories"The Treasury Department, the Federal Reserve … are goosing this economy," Warsh said. "A Fed promising to cut rates even as asset prices are melting up."

Persons: Kevin Warsh, —, Warsh Organizations: Service, CNBC, Federal Reserve, Fed, Treasury Department, Federal

☆ Top banking analysts see 3 reasons why Wells Fargo stock should push even higher this year
▼ + stars: | 2024-03-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Wells Fargo 's run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what's been the best-performing major U.S. bank stock in 2024. Shares of Wells Fargo have surged nearly 18% year-to-date, compared to the S & P 500 's 8.5% advance over the same stretch. Higher for longer Both analysts said a higher-for-longer interest rate environment creates a favorable setup for a money center bank like Wells Fargo. As the expectations for Fed cuts this year have been coming down, Wells Fargo stock has been climbing.

Persons: Wells, what's, Goldman Sachs, Morgan Stanley —, —, RBC Capital Market's Gerard Cassidy, Piper Sandler's Scott Siefers, Jim Cramer, RBC's Cassidy, Cash, Cassidy, Piper's Siefers, Siefers, Charlie Scharf, Scharf, that's, Jerome Powell, Jim Cramer's, Jim, Justin Sullivan Organizations: Wall, Peers, JPMorgan, Wells, CNBC, RBC Capital, Federal Reserve, Wells Fargo, Capital, Getty Locations: Wells Fargo, Wells, Basel

Palestinians told CNN the war has crushed hopes of observing a peaceful month of fasting, festivities and worship this year. “Many of our friends and loved ones were buried alive under the rubble,” Mohammed Hamouda, a displaced health worker in Rafah, told CNN. “There are many people who (already) fast like it’s Ramadan,” he told CNN in late February, as the celebrations approached. Palestinians told CNN they resort to eating water-based soup mixed with herbs, custard or finger-sized biscuits because they have no access to nutrient-rich foods. I don’t remember.”Muslims in Gaza told CNN they are determined to perform daily rituals to try and find moments of relief among colossal devastation.

Persons: it’s, ” Aseel, Israel, ” Mohammed Hamouda, ” Rasmi Abu, ”, Mohammed Talatene, Ahmad Hijazi, Al Barakat, reigniting, Hamouda, Belal Khaled, Jihad Abu Watfa, Ali Jadallah, Al Shati, Khader, AbdulQader, ” Ahmed Zaida, hafiz, Said Khatib, Akbar ’ Organizations: CNN, Hamas, Ministry of Health, AFP, Getty, “, Israel Defense Forces, UN, Wafa, Endowments, Religious Affairs, Residents Locations: Deir al, Gaza, Rafah, Gaza City, Territories, Farouq, Junaina, Israeli, Hamad, Israel, Hamouda, Beit Lahia, ”, Anadolu, Sheikh Radwan, “, AFP

☆ Gap shares pop as company's holiday earnings blow past estimates, Old Navy returns to growth
▼ + stars: | 2024-03-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

In this article GPS Follow your favorite stocks CREATE FREE ACCOUNTA general view of an Old Navy store. Sales at Old Navy grew 6% to $2.29 billion, and Gap's overall gross margin surged 5.3 percentage points to 38.9% thanks to fewer markdowns and lower input costs. The extra week contributed about four percentage points of growth during the fiscal fourth quarter, the company said. Last month, Gap announced it had tapped fashion designer Zac Posen to be its creative director and Old Navy's chief creative officer. "His role as chief creative officer at Old Navy is really to harmonize, orchestrate and dial up the storytelling across product and marketing."

Persons: Richard Dickson, We're, Dickson, It's, he's, Zac Posen, isn't, He'll, they've, Eric Chan, Amy Thompson, Mattel's Organizations: Old Navy, Inc, Navy, LSEG, CNBC, Mattel, LA Clippers Locations: Posen

☆ After an earnings blow out, CEO explains how Gap is 'reigniting' its brand
▼ + stars: | 2024-03-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After Gap 's earnings report topped Wall Street's expectations on Thursday, CEO Richard Dickson told CNBC's Jim Cramer how his company is managing to turn its business around. "We've been reigniting this brand and drawing on what the brand was so special in the first place, really taking on trend products and amplifying it in new ways that only Gap can," he said. "We're using music, we're using fashion as entertainment, and we're taking basic product—linen, denim, wovens, pants—and we're amplifying the narrative around these categories and driving share growth." In addition to its namesake brand, Gap owns brands including Old Navy, Banana Republic and Athleta. "Zac's creative expertise, his cultural clarity, it's consistently evolved American fashion," Dickson said.

Persons: Richard Dickson, CNBC's Jim Cramer, We've, Dickson, he's, Mattel's Barbie, Zac Posen, Richard Dickson's Organizations: Mattel, Old Navy, Banana, Navy Locations: Banana Republic

☆ Andrew Cuomo Faces House Subpoena Over Covid Deaths in Nursing Homes
▼ + stars: | 2024-03-05 | by ( Grace Ashford | ) www.nytimes.com time to read: +1 min

Former Gov. Andrew M. Cuomo of New York has been subpoenaed to appear before a House subcommittee to answer for his administration’s handling of nursing homes during the coronavirus pandemic, reigniting a flashpoint that could further damage his chances at a political comeback. The Republican-led Select Subcommittee on the Coronavirus Pandemic accused Mr. Cuomo of “recklessly” exposing nursing home residents to the virus “with deadly consequence.”The subcommittee chairman, Representative Brad Wenstrup of Ohio, said in a letter sent Tuesday to Mr. Cuomo that there was “troubling evidence suggesting the Cuomo administration at best downplayed” the effects of its nursing home policies “and at worst covered them up.”The subpoena is the latest in a multiyear saga surrounding the former governor’s decision to require nursing homes to accept residents who had tested positive for Covid-19 in the spring of 2020. The decision, which presaged a virus outbreak in those facilities leading to thousands of deaths, has drawn broad scrutiny from state and federal investigators.

Persons: Andrew M, Cuomo, “, Brad Wenstrup of Organizations: Gov, Republican Locations: York, Brad Wenstrup of Ohio

☆ The Fed cutting rates too early risks sparking a worst-case scenario of resurgent inflation, 'The Big Short' investor Steve Eisman says
▼ + stars: | 2024-02-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The investor of "The Big Short" fame said inflation could rise if the Fed cuts rates too early. AdvertisementThe best thing the Fed can do right now is nothing, because cutting interest rates too early risks sparking a "worst-case" scenario, according to "The Big Short" investor Steve Eisman. That caused inflation to skyrocket past 14% in 1980, while effective interest rates in the economy notched 19% the following year. The Fed has been fighting inflation since March 2022, when central bankers began their campaign to aggressively raise interest rates and tighten financial conditions. Fed officials have said they aren't poised to cut interest rates until they're more confident inflation will return to the 2% price target.

Persons: Steve Eisman, —, Eisman Organizations: Service, Bloomberg, Fed, Deutsche Bank

☆ JPMorgan's David Kelly: We don't see inflation reigniting
▼ + stars: | 2024-02-09 | 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 EmailJPMorgan's David Kelly: We don't see inflation reignitingDavid Kelly, JPMorgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss the S&P 500 reaching the $5,000 mark, whether this earnings season says something about equities, and more.

Persons: JPMorgan's David Kelly, David Kelly Organizations: JPMorgan Asset Management

☆ Israel to Bring in 65,000 Foreign Building Workers to Replace Palestinians
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

TEL AVIV (Reuters) - Israel's government said on Sunday it would bring in 65,000 foreign workers from India, Sri Lanka and Uzbekistan to resume construction stalled since Oct. 7 when Palestinian workers were sent home in the wake of the attack on Israel by Hamas. Some 72,000 Palestinian workers were employed on construction sites in Israel prior to the attack, which prompted the government to lay them off and exclude them from Israel for security reasons. Some 20,000 foreign workers remain but almost half the country's building sites have been closed down due to the labour shortage. A housing ministry spokesperson said new groups of foreign workers were expected to arrive in coming weeks as the government seeks to avoid a blockage in supply that would risk reigniting real estate prices as interest rates start to fall. War in Israel and Gaza View All 194 Images(Reporting by Steve Scheer; Editing by Andrew Cawthorne)

Persons: Steve Scheer, Andrew Cawthorne Organizations: Reuters, Hamas Locations: TEL AVIV, India, Sri Lanka, Uzbekistan, Israel, Gaza

Worldwide, the IMF thinks inflation will ease from 6.8% in 2023 to 5.8% in 2024 and 4.4% in 2025. The IMF expects the 20 countries that share the euro currency to collectively grow a meager 0.9% this year. The IMF also modestly downgraded the outlook for the Japanese economy, to 0.9%, a drop from 1.9% growth in 2023. The IMF expects oil prices, which plunged 16% in 2023, to fall a further 2.3% this year and 4.8% in 2025. The IMF expects world trade to grow just 3.3% this year and 3.6% in 2025, below the historical average of 4.9%.

Persons: ’ Pierre, Olivier Gourinchas, Gourinchas, ’ Gourinchas, Joe Biden’s Organizations: WASHINGTON, Monetary Fund, Federal Reserve, IMF, Trade Organization Locations: United States, Yemen, Red, Asia, Europe, Suez, Africa, U.S, Brazil, India, Southeast Asia, Russia, Ukraine, Russian, China

Fake, sexually explicit images of Taylor Swift likely generated by artificial intelligence spread rapidly across social media platforms this week, disturbing fans who saw them and reigniting calls from lawmakers to protect women and crack down on the platforms and technology that spread such images. X suspended several accounts that posted the faked images of Ms. Swift, but the images were shared on other social media platforms and continued to spread despite those companies’ efforts to remove them. While X said it was working to remove the images, fans of the pop superstar flooded the platform in protest. They posted related keywords, along with the sentence “Protect Taylor Swift,” in an effort to drown out the explicit images and make them more difficult to find.

Persons: Taylor Swift, X, Swift, Ben Colman Organizations: Twitter

☆ Why this 38-year-old changed careers to become a teacher: 'I have never experienced anything as rewarding'
▼ + stars: | 2024-01-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +6 min

Little did Hall know, her pivot into education would afford her a new level of financial security and a sense of purpose she never expected. She took a high school science position with Arlington Preparatory Academy, a public school in Baton Rouge, La., and had her first day in January 2022. Then there's the issue of teacher pay. In 2022, the average public school teacher earned a wage of $1,329 per week. Though Hall recognizes low teacher pay is an issue for many in the profession, moving to education actually meant a pay bump in her case.

Persons: Megan, she'd, Ashley Hickerson, Hall, Megan Hall, Hickerson Organizations: Home Depot, CNBC, Street, Little, Arlington Preparatory Academy, Arlington Prep, Economic, state's, of Elementary, Home Locations: Baton Rouge, La, Louisiana

Several callers reached out to 911 throughout the morning asking for wellness checks for relatives or friends they couldn’t reach. Political Cartoons View All 253 ImagesAnother caller at about 9:45 a.m. called to report that his wife was missing. In one case, a 911 caller reported that a family missing their 15-year-old son had been “ignored.”The operator answers were the same each time. Emergency responders weren’t able to help find missing people because they were still trying to get everyone to safety, still working hotspots and responding to fires. In one case, a 911 caller reported seeing flames and hotspots on their property and trying to put them out with a garden hose that was rapidly losing pressure.

Persons: didn't, —, “, ”, “ I’m, We’re, “ She's, “ I'm, ___ Boone, Lauer, Whitehurst, Corey Williams, Audrey McAvoy Organizations: Maui Police Department, Cell, Authorities, Associated Press Locations: Maui, Lahaina, Maui County, Kula, Kihei, Upcountry, ___, Boise , Idaho, Philadelphia, Washington, Detroit, Honolulu , Hawaii

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