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☆ PGA Championship: Collin Morikawa, Xander Schauffele top crowded leaderboard
▼ + stars: | 2024-05-18 | by ( Gabherzig | Hugh Kellenberger | ) www.nytimes.com time to read: +3 min

LOUISVILLE, Ky. — Scottie Scheffler has dropped off, but a crowded leaderboard still exists after Round 3 of the PGA Championship on Saturday. AdvertisementSchauffele, seeking his first major championship, has led after each round of the PGA Championship, but shares it for the first time with Morikawa, who is looking for major No. Shane Lowry (who shot a PGA Championship record-tying 62), Bryson DeChambeau and Viktor Hovland are tied for fourth at 13-under. Theegala ticking off his first major championship and contending on the biggest stage of his career. Justin Rose becoming the first Englishman to win the PGA Championship in 100 years.

Persons: — Scottie Scheffler, Collin Morikawa, Xander Schauffele, Schauffele, Morikawa, Sahith, Shane Lowry, Bryson DeChambeau, Viktor Hovland, Justin Rose, Robert MacIntyre, Dean Burmester, Scheffler, bogeys, Ted Scott, Scott, Lowry, Hovland, Joe Mayo, MacIntyre, Hodges, Andrew Redington Organizations: PGA, Valhalla Golf Club, Ryder, Scheffler, Valhalla Locations: LOUISVILLE, Ky

☆ Many high schools are curbing the use of AI. These schools are leaning in
▼ + stars: | 2024-05-17 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +8 min

CNN —At Princeton High School, students are trying to combat the rapid decline of indigenous languages with some unlikely help: a furry, wide-eyed stuffed animal named Che’w. He’s a wildly intelligent generative AI robot that speaks Mam, a Mayan language spoken in the western highlands of Guatemala and Mexico and by a small population of the school’s students. At a time when some high schools are restricting the use of AI in the classroom, others, like Princeton High School, are leaning into it. Courtesy SamsungBeyond generative AISome high schools around the country are trying to teach students how to use other forms of artificial intelligence for a greater good. “It doesn’t lose patience or get sick of talking to them,” said Mark Eastburn, Princeton High School’s science, research and engineering teacher.

Persons: Che’w, Joy Barnes, Johnson, ”, ChatGPT, Ed ”, Noel Candelaria, ” Candelaria, Tylo Chacon, Chacon, “ We’ve, It’s, —, Mark Eastburn, “ It’s, ’, Eastburn, they’re Organizations: CNN —, Princeton High School, UNESCO, PHS, ”, STEM School Highlands, Samsung, Los Angeles Unified School District, Seattle Public Schools, National Education Association, CNN, NEA, Stuyvesant High School, University of Colorado, Princeton Locations: Guatemala, Mexico, Colorado, New York City, Washington ,, Boulder, Mam

☆ Vegas ‘Lovers & Friends’ festival featuring Janet Jackson, Mary J. Blige canceled less than 24 hours before opening
▼ + stars: | 2024-05-04 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —An epic festival in Las Vegas featuring a lineup that included Alica Keys, Mary J. Blige, Janet Jackson and Gwen Stefani was canceled on the eve of its opening due to high winds. According to the “Lovers & Friends” festival’s official website, “organizers have been monitoring the weather for several days and proactively preparing for a windy Saturday. However, the National Weather Service has now issued a High Wind Warning, including dangerous 30-35 mph sustained winds with gusts potentially more than 60 mph.”“Following advice from the National Weather Service and in consultation with local public officials, we must make the safest decision for our fans, artists, and staff, and cancel tomorrow’s Lovers & Friends Festival,” the statement posted on Friday continued. “This was an incredibly heartbreaking decision to make as we are aware that fans have traveled from all over the world to enjoy this incredible lineup of superstars and have been looking forward to this event for several months,” the statement added. The one-day fest, which was to have taken place at the Las Vegas Festival Grounds, started in 2022.

Persons: Alica Keys, Mary J, Blige, Janet Jackson, Gwen Stefani, ”, “ We’ve, Keys, Jackson, Stefani, Usher, Snoop Dogg, Ludacris, Nelly Furtado Organizations: CNN, National Weather Service, Friends, Las Locations: Las Vegas

☆ Opinion | To Fight Climate Change, We Need New ‘Political Technologies’
▼ + stars: | 2024-04-15 | by ( Peter Coy | ) www.nytimes.com time to read: 1 min

Science alone won’t stop the planet from overheating. But science coupled with political science just might. That’s the theme of a new book, “Long Problems: Climate Change and the Challenge of Governing Across Time.” It’s by Thomas Hale, an American political scientist who teaches at the University of Oxford’s Blavatnik School of Government. Hale argues that people are too quick to throw up their hands because the political will to stop climate change is lacking. He calls them, at one point, “political technologies,” a phrase I like.

Persons: “, It’s, Thomas Hale, Hale, ” Hale Organizations: University of Oxford’s Blavatnik, of Government Locations: American

☆ Challenging Abortion, Again
▼ + stars: | 2024-03-25 | by ( Emily Bazelon | ) www.nytimes.com time to read: +1 min

How safe is it to take abortion pills? The case could curtail Americans’ access to mifepristone, the first pill taken in a two-drug regimen for a medication abortion. A decision in the plaintiff’s favor would change the landscape of abortion not state by state, like the effects of the 2022 ruling that overturned Roe v. Wade, but across the country. Post-Roe AmericaThe abortion opponents who sued the government in tomorrow’s case, F.D.A. v. Alliance for Hippocratic Medicine, are frustrated by how common abortion has remained.

Persons: Roe, Wade, Margot Sanger, Katz, Claire Cain Miller Organizations: Alliance, Hippocratic Locations: United States

☆ 'Dollars up, donors down': More charity money is coming from the ultra-wealthy
▼ + stars: | 2024-03-14 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

While donations to charity have been rising, the pool of donors is shrinking, as philanthropy becomes hyper-concentrated among a small group of ultra-wealthy mega-donors, according to a new study. While women make up11% of the ultra-high-net-worth population, they account for 22% of the larger givers, according to the study. Today’s ultra-wealthy donors also prefer to give through private foundations and donor-advised funds — which give them more control — rather than simply writing checks to the Red Cross or United Way. The top charitable cause for ultra-wealthy donors was education (at 54%), according to Altrata. "There is some evidence that the ultra-high-net-worth population has different skews from the broader population," Pasic said.

Persons: Melinda Gates, Robert Frank, Mark Suzman, Amir Pasic, Indiana University Lilly, ”, “, Altrata, Pasic Organizations: Gates Foundation, Indiana University, Indiana University Lilly Family School of Philanthropy, Cross, Federal Reserve Locations: Khayelitsha, Cape Town , South Africa, Altrata, North

PEBBLE BEACH, Calif. (AP) — Pebble Beach became a signature event for the elite on the PGA Tour and delivered what was expected. Scottie Scheffler and a host of big names are contending going into the weekend and the amateurs are headed home. Rory McIlroy is having a rough time and shot 74 at Pebble Beach, leaving him at 145 and 12 shots behind. Now the amateurs — already reduced in number from 156 to 80 because Pebble Beach is now a signature event — leave the course and turn it over to the PGA Tour players. The leading nine players going into the weekend all played Friday at Pebble Beach, an advantage when the wind was down and the conditions were soft.

Persons: Scottie Scheffler, Ludvig Aberg, Thomas Detry, Scheffler, ” Aberg, “, Detry, Patrick Cantlay, Justin Thomas, “ I’ve, ” Detry, Dustin Johnson, Payne Stewart, ” Cantlay, Rory McIlroy, McIlroy, Jeff Rhodes, —, Collin Morikawa, Nick Dunlap, ___ Organizations: PGA Tour, TGL Capital, U.S, Amateur, American Express Locations: Calif, Monterey, Pebble, Europe, Japan, Spyglass

☆ Nikki Haley Mounts a Last Stand in New Hampshire
▼ + stars: | 2024-01-22 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Nikki Haley finally got what she has desired since the very beginning of her campaign for the Republican presidential nomination: a one-on-one showdown with Donald Trump. Ron DeSantis of Florida ended his bid, leaving Haley, the former governor of South Carolina, as the only real threat to a third consecutive Trump nomination. Polls show Trump with a strong lead, but Haley rejected the notion that the race was over, saying “America doesn’t do coronations. A Suffolk University poll from today suggested that Trump would receive a slight increase in support in New Hampshire after the departure of DeSantis, who endorsed the former president. Trump also garnered the endorsement of two South Carolina politicians: Senator Tim Scott, a former Haley ally, as well as Representative Nancy Mace, whom Haley endorsed for Congress and whom Trump attempted to unseat in 2022.

Persons: Nikki Haley, Donald Trump, Ron DeSantis, Haley, Trump, DeSantis, Tim Scott, Nancy Mace Organizations: Republican, Trump, Suffolk University, Congress Locations: Florida, South Carolina, America, New Hampshire, Carolina

CANCUN, Mexico (AP) — Iga Swiatek gave herself a shot at her first WTA Finals title and the year-end top ranking by eliminating No. The second semifinal, Swiatek vs. Sabalenka, was stopped in the fourth game. And on this court, she was definitely way, way better than me,” Sabalenka said. Sabalenka, who won the Australian Open in January for her first major title, could have guaranteed herself remaining at No. “Overall, I feel like me and Jessie, we played really in a smart way, and we’ve really kept calm.

Persons: Iga Swiatek, Jessica Pegula, they've, ” Swiatek, Pegula, Coco Gauff, Swiatek, “, ” Sabalenka, Sabalenka, Justine Henin, Jessie, we’ve, ” Organizations: WTA, Pegula Locations: CANCUN, Mexico, Poland, United States, Cancun, “

☆ 3 Ways Tomorrow’s AI Will Differ From Today’s Chatbots
▼ + stars: | 2023-10-20 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

What is AGI and when will it become the new norm? OpenAI’s Sam Altman and Mira Murati discuss the capabilities of their future GPT models, how human relationships with AI will change in the future and how to address fears about safety, liability and work as the technology advances. After interviewing the makers of ChatGPT earlier this week, I’m left pondering: How exactly would I explain my job to an ancient hunter-gatherer? I’m thinking: “I put words and pictures into a machine that makes a clickety-clack sound and then those words and pictures can be seen by others with clickety-clack machines.”

Persons: Sam Altman, Mira Murati, I’m, “

☆ David Solomon’s Goldman remix is audibly off-key
▼ + stars: | 2023-10-17 | by ( John Foley | ) www.reuters.com time to read: +4 min

NEW YORK, Oct 17 (Reuters Breakingviews) - Having given up a side-gig in DJ-ing, Goldman Sachs (GS.N) boss David Solomon has one less distraction. Goldman reported a one-third year-on-year drop in earnings on Tuesday, in a quarter riddled with one-off charges. Those included a hit related to buy-now-pay-later lender GreenSky, which Goldman bought only two years ago, and is selling. Absent all that, Goldman would have made a return on equity of just over 10%. Goldman made a 7.1% return on equity in the quarter, on an annualized basis, which would have been 10.2% without one-off charges.

Persons: Goldman Sachs, David Solomon, Goldman, GreenSky, Morgan Stanley, Solomon, Marc Nachmann, Nachmann, Jonathan Guilford, Sharon Lam Organizations: Reuters, JPMorgan, Thomson Locations: tomorrow’s, Basel, GreenSky

☆ Belt and Road Forum: Beijing to host global gathering as Xi Jinping lays out China's vision
▼ + stars: | 2023-10-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Russia’s Vladimir Putin, whose on-going assault on Ukraine is another major point of global instability and division, is expected to attend. The last time he was in Beijing was for the Winter Olympics opening ceremony in early 2022. Winning backing for China’s global leadership from a broad swath of developing and emerging economies is key to Xi’s strategy to push back against perceived international threats, analysts say. Overseas development finance from China’s two major development banks has also decreased significantly since a peak in 2016, the report’s data show. Ten years on, Chinese decision makers are becoming “more selective and more calculating” about the benefits of their financing, she said.

Persons: Xi Jinping, laud China’s, –, weren’t, Russia’s Vladimir Putin, ”, Craig Singleton, “, Kenya . Han Xu, Li Mingjiang, ” Jonathan Fulton, Luiz Inacio Lula da Silva, Cyril Ramaphosa, Narendra Modi, Sergei Lavrov, Alet Pretorius, ” It’s, Liang, Yun Sun Organizations: CNN, Global, Initiative, Foundation for Defense, Democracies, Getty, Communist Party, Hamas, Singapore’s Nanyang Technological University, Officials, Atlantic Council, Indian, Russia's, Boston University Global Development, Center, World Bank, Overseas, China’s National, Reform, China Program, Stimson Locations: China, Beijing, United States, Israel, Gaza, Ukraine, Ukraine’s, Washington, Kenya ., Xinhua, Russia, Moscow, China’s, Abu Dhabi, Fulton, Johannesburg, New Delhi, saddling

[1/9] Spain's opposition People's Party leader Alberto Nunez Feijoo reacts after giving a speech during an investiture debate at parliament in Madrid, Spain, September 26, 2023. REUTERS/Juan Medina Acquire Licensing RightsMADRID, Sept 26 (Reuters) - Spain's rightwing opposition leader Alberto Nunez Feijoo on Tuesday launched a likely fruitless bid to form a government following an election in which no party won a majority. Feijoo will get a second vote on Friday, which only requires a simple majority. If, as expected, Feijoo fails, acting Prime Minister Pedro Sanchez, who leads the Spanish Socialist Workers Party (PSOE), will have two months from Wednesday to make his bid before parliament is dissolved and fresh elections are called. In his speech, Feijoo outlined the policy proposals he would carry out as prime minister, including lowering taxes for entrepreneurs and low- and middle-income earners and devising a plan to capture foreign investment.

Persons: Alberto Nunez Feijoo, Juan Medina, Feijoo's, Feijoo, Pedro Sanchez, Sanchez, Eurointelligence, Esquerra, Belen Carreno, Emma Pinedo, Charlie Devereux, Bernadette Baum Organizations: People's, REUTERS, Rights, Feijoo's People's Party, Debating, Spanish Socialist Workers Party, PSOE, Vox, Union, Canarian Coalition, Basque Nationalist Party, Galician Nationalist Bloc, Thomson Locations: Madrid, Spain, Rights MADRID, Catalonia, Catalan, Basque

☆ UAW president says union is still seeking big pay hikes
▼ + stars: | 2023-09-13 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Sept 13 (Reuters) - United Auto Workers (UAW) President Shawn Fain said on Wednesday the union is still seeking significant pay hikes as talks continue with the Detroit Three automakers, a day before four-year labor deals are set to expire. Reuters reported late on Tuesday that the union may opt to strike at targeted auto plants if they fail to reach new contracts covering 146,000 U.S. auto workers. The UAW initially sought a 20% wage hike upon ratification and four annual 5% hikes, but had offered trim those hikes to around 36% in total, three sources told Reuters. Fain said the union was still seeking 40% hikes in total. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years.

Persons: Shawn Fain, Fain, We've, Stellantis, We’re, Joe Biden, Jared Bernstein, Biden, Bernstein, Liz Shuler, Shuler, Bernie Sanders, David Shepardson, Christina Fincher, Nick Zieminski Organizations: United Auto Workers, UAW, Detroit Three, ABC News, General Motors, Ford Motor, Chrysler, Reuters, GM, Detroit, Anderson Economic Group, AFL, CNBC, Ford, Thomson Locations: Michigan, United States, DETROIT

☆ Tough Day at Work? Make This Speedy Frittata for Tonight’s Dinner (and Tomorrow’s Desk-Lunch)
▼ + stars: | 2023-09-13 | by ( Kitty Greenwald | ) www.wsj.com time to read: 1 min

ANYWAY YOU SLICE IT A frittata is a busy professional’s workhorse—simple but satisfying, and equally delicious served hot or cold. Photo: Emma Fishman for The Wall Street Journal, Food Styling by Pearl Jones, Prop Styling by Sophie Strangio

Persons: Emma Fishman, Pearl Jones, Sophie Strangio Organizations: Wall Street

DETROIT (AP) — aWith just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain says offers from the companies aren't enough and the union is getting ready to strike. We are preparing to strike these companies in a way they've never seen before.”The union is threatening to strike after contracts with companies that haven't reached an agreement by 11:59 p.m. on Thursday. On Wednesday, Fain said the companies upped their wage offers, but he still called them inadequate. In a 2019 agreement the union got 6% pay raises over four years with lump sums in some years as well as profit sharing checks. All three companies’ offers on cost-of-living adjustments were deficient, he said, providing little or no protection against inflation, or annual lump sums that may workers won’t get.

Persons: — aWith, Shawn Fain, Fain, ”, “, haven't, they’ll, It's, ” Fain, Ford, Stellantis, won’t, ” Tobin Williams, Thomas Kochan, “ It’ll, ____ Koenig Organizations: DETROIT, United Auto Workers, Motors, Ford, UAW, GM, Massachusetts Institute of Technology Locations: North America, Dallas

☆ James Hetfield: Metallica postpones Phoenix concert after frontman catches Covid
▼ + stars: | 2023-09-02 | by ( Heather Chen | ) edition.cnn.com time to read: +1 min

CNN —US heavy metal legends Metallica have been forced to postpone their September 3 concert in Phoenix after announcing that frontman James Hetfield has tested positive for Covid-19. We look forward to returning to complete the M72 No Repeat Weekend in Glendale next Saturday,” the band added. The show, originally scheduled for Sunday, would have been the last of two in Glendale, Arizona. The band is currently on its M72 tour in the US and plays two concerts in every city. Tickets for the September 3 show “would be honored on September 9,” the band said.

Persons: James Hetfield, “, Covid, James, ”, “ We’re Organizations: CNN, EG, US Centers for Disease Control Locations: Phoenix, Glendale, Glendale , Arizona

☆ Dollar holds near 7-month high vs yen on policy split; Swedish crown record low
▼ + stars: | 2023-06-29 | by ( Samuel Indyk | Kevin Buckland | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen in this illustration picture taken June 15, 2022. The ministry of finance and BOJ intervened in the currency market last autumn when the dollar strengthened beyond 145 yen. “They’re expressing confidence that a faster rate of QT is going to deliver a stronger crown and I think that’s a bit unproven,” ING’s Turner said. The dollar added 0.1% to 7.2492 yuan in the offshore market, taking it close to the previous day’s 7-1/2-month low of 7.2694. The Russian rouble weakened past 87 against the dollar to a 15-month low, hampered by domestic political risk concerns after an aborted mutiny over the weekend.

Persons: Florence Lo, Jerome Powell, Kazuo Ueda, Ueda, “, BOJ, ”, Chris Turner, ING’s Turner, hasn’t, Russian rouble Organizations: U.S, REUTERS, Bank of Japan, ING, Reuters, People’s Bank of, Citi Locations: U.S, there’s, Spain, tomorrow’s, North Rhine Westphalia, Germany’s, People’s Bank of China, Russian

☆ Opinion | The Wannabe Putin in Saudi Arabia
▼ + stars: | 2023-06-28 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +1 min

foolishness” for strains in Russia-American relations — because they wanted a steady relationship, and Putin was unmistakably in control of an important country. My candidate for tomorrow’s Putin is Crown Prince Mohammed bin Salman of Saudi Arabia, better known as M.B.S. and trying to reset relations with him — even as he seeks a “civilian” nuclear program. is a wannabe Putin,” said Dr. Khalid Aljabri, a Saudi cardiologist who previously worked as a clinician for the Saudi counterterrorism agency. Aljabri, who has a brother and sister imprisoned in Saudi Arabia for political reasons, lives in the United States and is frustrated that the crown prince has, as he puts it, played Biden “like a fiddle.”

Persons: Vladimir Putin’s, ”, Putin, they’re, Crown Prince Mohammed bin Salman, Biden, M.B.S, —, “, Khalid Aljabri Organizations: “, Crown, Biden “ Locations: Georgia, Crimea, Russia, Saudi Arabia, Saudi, United States

☆ Peak oil is another reason to shun OPEC club
▼ + stars: | 2023-06-26 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

The group known as OPEC+, which includes the organization’s 13 oil-producing members as well as allied nations like Russia, produces over 40% of the world’s oil. Guyana’s recoverable reserves of around 11 billion barrels in that field alone make it an obvious candidate to join OPEC. Non-OPEC oil nations, such as the United States, Brazil and Canada, are growing production. Even OPEC+ members aren’t united in their desire to prioritize price over production. OPEC+, which comprises the cartel’s 13 oil-producing states and ten other allied nations such as Russia, represents over 40% of the world’s oil production.

Persons: Groucho Marx, It’s, aren’t, Abdulaziz bin Salman, Haitham, Bharrat Jagdeo, Hess, Peter Thal Larsen, Oliver Taslic Organizations: YORK, Reuters, Organization of, Petroleum, Wall Street, Exxon Mobil, International Energy Agency, OPEC, United Arab Emirates, Cooperation, Saudi Energy, Wall Street Journal, Exxon, Thomson Locations: Guyana, OPEC, Russia, United States, Brazil, Canada, Nigeria, Saudi Arabia

☆ Today’s Rate Hikes Threaten to Push Up Tomorrow’s Housing Costs
▼ + stars: | 2023-06-20 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/todays-rate-hikes-threaten-to-push-up-tomorrows-housing-costs-166ccdaa

Persons: Dow Jones

☆ Watch CNBC’s full interview with iCapital's Anastasia Amoroso and Ed Yardeni
▼ + stars: | 2023-06-13 | 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 EmailWatch CNBC’s full interview with iCapital's Anastasia Amoroso and Ed YardeniAnastasia Amoroso, iCapital chief investment strategist, and Ed Yardeni, Yardeni Research president, join 'Closing Bell' to discuss whether investors can trust the bullish breakout in the market and tomorrow’s Federal Reserve meeting.

Persons: iCapital's Anastasia Amoroso, Ed Yardeni Anastasia Amoroso, Ed Yardeni Organizations: Yardeni Research

☆ NBA Finals: Can the Denver Nuggets seal a first ever Championship?
▼ + stars: | 2023-06-12 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +5 min

CNN —The Denver Nuggets are on the verge of making history and winning their first ever NBA Championship but with the defiant Miami Heat standing in their way, anything is possible. Game 5 gets underway Monday at Ball Arena, Denver, and the Nuggets will be looking to seal the series in front of a home crowd. ‘We are ready’With the Nuggets just one win away from a first NBA Championship, it would be easy to start the celebrations too early, but this Denver team aren’t getting ahead of themselves just yet. The brilliant one-two punch of Jamal Murray and Jokić has been key for the Nuggets throughout the NBA postseason. The Heat have had to battle their way through the NBA Play-In tournament and then the playoffs as a No.

Persons: Nikola Jokić, Jamal Murray, ” Jokić, “, It’s, Jokić, AAron Ontiveroz, Michael Malone, what’s, ” Malone, we’ll, ”, Murray, Aaron Gordon, Bruce Brown Jr, Christian Braun, Matthew Stockman, won’t, Jimmy Butler’s, it’s, Butler, we’ve, ” Jimmy Butler, Wilfredo Lee, Erik Spoelstra, We’re Organizations: CNN, Denver Nuggets, Miami Heat, Ball Arena, Nuggets, NBA, ABC, Denver, aren’t, Denver Post, Los Angeles Lakers, Western, Getty, USA, Reuters Locations: Denver, Miami

☆ Treasury buyers live for the moment, unfortunately
▼ + stars: | 2023-06-01 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

The bill to suspend the so-called debt ceiling, approved by the House of Representatives on Wednesday, solves the most immediate threat to the government’s creditors. The Federal Reserve’s fight against inflation also stands to knock Treasury prices, while pushing up yields. Spending caps and other measures in the debt ceiling deal are projected to save $1.5 trillion over the next decade, the Congressional Budget Office said Tuesday. Treasury Secretary Janet Yellen warned on May 26 that the federal government would be unable to pay its bills on June 5. The U.S. House of Representatives voted 314-117 on May 31 to suspend the debt ceiling, a legislative cap on how much the Treasury can borrow that had been set at $31.4 trillion.

Persons: Goldman Sachs, That’s, Sam, Janet Yellen, Joe Biden’s, John Foley, Sharon Lam, Streisand Neto Organizations: Reuters, Treasury, Reuters Graphics Reuters, Refinitiv, Congressional, U.S . Congress, U.S . House, Senate, U.S, Treasury Department, Thomson Locations: Treasuries, U.S, Washington

☆ Champions League semi-final: Manchester City vs Real Madrid set for 'thrilling game' with final spot on the line
▼ + stars: | 2023-05-17 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —In perhaps the most eagerly anticipated club game of the season, Manchester City and Real Madrid go head-to-head for a place in the Champions League final on Wednesday. While Man City is the form team in Europe at the moment, Madrid has serious pedigree when it comes to the Champions League with five titles in the past nine years – and a record 14 overall. Erling Haaland (center) trains ahead of the Champions League semifinal against Real Madrid. The Champions League is the one trophy that has so far eluded Pep Guardiola’s side, which fell short against Madrid in the semifinals last year and against Chelsea in the final the year before that. “We are not stupid to [not] know how important tomorrow’s game is, maybe one of the most important games since we have been here, we cannot deny that.

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