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Turkey's inflation accelerates to nearly 70% in April
  + stars: | 2024-05-03 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. On a monthly basis, Turkey's inflation increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants. April's inflation rate marks the highest annual increase since November 2022, when inflation was around 85%. But any hopes of interest rate cuts are a long way off, economists said. Turkey's central bank has hiked its key interest rate to 50%, citing the continuing need to counter climbing inflation in the country.
Persons: Kemal Ataturk, April's, Liam Peach Organizations: Turkish, Turkish Statistical Institute, Economics Locations: Turkish, Sisli, Istanbul, Turkey, London
An officer whose gun went off inside a Columbia University building this week fired it accidentally as the police were removing pro-Palestinian protesters from the campus, the New York Police Department said on Thursday. The officer, who was not identified, was approaching a barricade on the first floor of Hamilton Hall when he fired his gun, which had a flashlight on it, the police said. The shooting was captured on the officer’s body camera, which was handed over to the Manhattan district attorney’s office. The episode did not come to light until Thursday, when The City, a local news organization, published a story that said a shot had been fired inside Hamilton Hall on Tuesday as police cleared the Columbia campus of protesters. It was the second time in two weeks that Columbia officials asked the police to enter the Manhattan campus to remove demonstrators.
Organizations: Columbia University, New York Police, Hamilton Hall, Hamilton, Columbia Locations: Manhattan, The City
Peggy Mellon Hitchcock, the energetic scion of a storied wealthy family who funded Timothy Leary’s psychedelic adventures — and famously helped him find the spot to do so, at her brothers’ estate in Millbrook, N.Y. — died on April 9 at her home in Tucson, Ariz. She was 90. Ms. Hitchcock had been suffering from endometrial cancer. Timothy Leary hadn’t yet been thrown out of Harvard for his experiments with psychedelic drugs when he met Ms. Hitchcock one weekend at the apartment of Maynard Ferguson, the jazz trumpeter and bandleader, in the Riverdale section of the Bronx. “Pretty Peggy Hitchcock was an international jet-setter,” Mr. Leary wrote in his 1983 autobiography, “Flashbacks,” “renowned as the colorful patroness of the livelier arts and confidante of jazz musicians, racecar drivers, writers, movie stars. Stylish, and with a wry sense of humor, Peggy was considered the most innovative and artistic of the Andrew Mellon family” — that is, the family of the Pittsburgh industrialist who was secretary of the Treasury under three presidents.
Persons: Peggy Mellon Hitchcock, Timothy, , Sophia Bowart, Hitchcock, Timothy Leary hadn’t, Harvard, Maynard Ferguson, Peggy Hitchcock, Mr, Leary, , Peggy, Andrew Mellon Organizations: Pittsburgh Locations: Millbrook, N.Y, Tucson, Ariz, Riverdale
A woman in New York who was using TikTok to sell unauthorized weight-loss drugs, including products labeled Ozempic, is facing charges of smuggling and receiving and distributing misbranded drugs, federal prosecutors said. The arrest on Wednesday of Isis Navarro Reyes, 36, who also went by Beraly Navarro and, according to prosecutors, was not licensed to administer medication, followed an investigation that involved an undercover officer. Late last year, the officer sent a message to a cellphone number listed by her at the end of a TikTok video. In the video, Ms. Reyes, of Shirley, N.Y., on Long Island, showed her viewers how to inject what she claimed was Ozempic and shared her experience using the drug. In January, after exchanging messages with Ms. Reyes, the officer asked to buy some Ozempic, a drug for diabetes that has become popular for weight loss.
Persons: Isis Navarro Reyes, Beraly Navarro, Reyes Organizations: Southern, of Locations: New York, Shirley, N.Y, Long, of New York
Robert B. Oxnam, an eminent China scholar who learned through psychotherapy that his years of erratic behavior could be explained by the torment of having multiple personalities, died on April 18 at his home in Greenport, N.Y., on the North Fork of Long Island. In the 1ate 1980s, Dr. Oxnam was president of the Asia Society, a television commentator and an accomplished sailor. In his 2005 book, “A Fractured Mind: My Life With Multiple Personality Disorder,” Dr. Oxnam recalled the session when Tommy first spoke to Dr. Smith. All that Dr. Oxnam could remember from the 50-minute session, he wrote, was telling the psychiatrist that he didn’t think the therapy was working for him. But Dr. Smith told him that he had been speaking to Tommy all that time.
Persons: Robert B, Vishakha Desai, Oxnam, Jeffery Smith, Bobby, Tommy, Smith Organizations: Asia Society Locations: China, Greenport, Long
A woman in upstate New York was arrested on Wednesday and charged with fraudulently claiming to be a Purple Heart recipient, federal prosecutors said. The woman, Sharon Toney-Finch, 43, of Newburgh, N.Y., defrauded military charities and the Department of Veterans Affairs by lying about having received the Purple Heart, a military award given to those wounded or killed in action, Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement. Ms. Toney-Finch claimed that she had survived a terrorist attack on her convoy in Iraq while serving a tour in March 2010, the statement said. She also claimed to have been wounded in a mortar attack the preceding February. In March 2016, Ms. Toney-Finch began collecting disability benefits from the department after lying about getting injured during her military service, federal prosecutors said.
Persons: Sharon Toney, Finch, Damian Williams, Ms, Toney Organizations: Department of Veterans Affairs, Southern, of Locations: New York, Newburgh, N.Y, U.S, of New York, Iraq
Employees of the Tesla Gigafactory Berlin Brandenburg work on a production line of a Model Y electric vehicle. Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car's underbody. One of the two sources familiar with the automaker's gigacasting operations said the suppliers involved are now adapting Tesla's three-piece process for the next-generation vehicle. Both sources said the automaker decided last autumn to halt work on the more innovative and difficult one-piece casting process.
Persons: Tesla, Elon Musk Organizations: Tesla, Brandenburg, Reuters Locations: gigacasting
Investors are focused on Apple's iPhone sales in China as competition ramps up. Here's what Wall Street expects from Apple's upcoming earnings report. Here are the quarterly figures Wall Street expects, according to data from Bloomberg. Here's what Wall Street analysts are saying about Apple's upcoming earnings report. The firm said Wall Street estimates on Apple are too high, with analysts underestimating the ongoing weakness in China.
Persons: , Wells, Wells Fargo, shouldn't, Goldman Sachs, underwhelming Organizations: Apple, Investors, Service, Bloomberg, Revenue, Huawei, Barclays, Better, JPMorgan Locations: China, Wells Fargo, Wells, C1Q, Apple's
There are several reasons to consider leasing an EV over buying. To be sure, the vast majority of EV owners don't have to worry about the maker of their vehicles imminently going out of business. AdvertisementUsed EV prices are a huge question markThere's limited data on EV resale prices. Pre-owned EV prices have fallen in line with new EV prices. EV leasing is growing in popularityLeasing an EV is no longer a niche concept.
Persons: , Fisker, Cox, Polestar, Paul Jacobson Organizations: Service, EV, Leasing, International Energy Agency, American, Tesla, Cox Automotive, Electrek, Lease
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Torres on 'antisemitism monitor' bill: The status quo is fundamentally failing Jewish studentsRep. Ritchie Torres (D-N.Y.) and Rep. Mike Lawler (D-N.Y.) join 'Squawk Box' to discuss details of a bipartisan legislation to create federally sanctioned 'third party antisemitism monitor' to select college campuses that are federally funded, the rise of antisemitism on college campuses, and more.
Persons: Torres, Ritchie Torres, Mike Lawler Organizations: Rep
Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO's email to senior managers. Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, will leave on Tuesday morning, the report said. Musk also plans to dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group, The Information said. Tesla, which had 140,473 employees globally as of end-2023, did not immediately respond to a Reuters' request for comment.
Persons: Tesla, Elon Musk, Rishi Sunak, Rebecca Tinucci, Daniel Ho, Musk, Ho, Rohan Patel, Tinucci, — Patel, Drew Baglino — Organizations: British Locations: London, China, Beijing, India
Video transcript Back bars 0:00 / 0:44 - 0:00 transcript Columbia Protesters Occupy Building on Campus People inside barricaded the doors of Hamilton Hall with furniture. “Palestine will live forever.” “Go away, yo.” “Free, free Palestine.” “Free, free, free Palestine.” “Shut it down.” “Palestine will be free.” “Disclose, divest, we will not stop, we will not rest.” People inside barricaded the doors of Hamilton Hall with furniture. Credit Credit... Bing Guan for The New York TimesOutside the neoclassical building, protesters, many wearing helmets, safety glasses, gloves and masks, barricaded the entrance. Image Student protesters marching around the encampment on campus at Columbia University on Tuesday. So far, at least, a core of student protesters has vowed to stay put.
Persons: Columbia wasn’t, , , Bing Guan, Alexander Hamilton, Bob Day, Columbia’s, ” Ben Chang, Sueda, ” “ We’ve, Leanne Abraham, Bing Guan Elga Castro, Castro, Chris Eisgruber, Nemat, Anna Betts, Eryn Davis, Tracey Tully, Karla Marie Sanford, John Yoon, Mike Baker Organizations: Police, California State Polytechnic University, Humboldt, Portland State University, Hamilton Hall, Columbia, Columbia Protesters, People, Hall, , New York Times, Treasury, Boeing, Portland Police Bureau, Columbia University, ., New York Times Columbia, Police Department, Columbia University Faculty, Broadway Low Library Columbia University, West, St . Columbia University New York, Butler Library Amsterdam, 114th, 114th St . Columbia University New York, Barnard College, New York University, Princeton University, Clio Hall, Princeton, Rutgers University’s Locations: Hamilton, Columbia, California, Oregon, Manhattan, Palestine, , Portland, Gaza . Columbia, St, St . Columbia University New York City, Butler, 114th St, Spanish, Gaza, New Jersey, Brunswick
AdvertisementFacebook, WhatsApp, and Instagram have integrated Meta AI into the search fields of their mobile apps. The search bar in the Facebook and Instagram apps is one place you probably know very well. You come to the Facebook search bar to type in the name of your local Buy Nothing group, but instead, you see an animated blue circle with "Ask Meta AI anything." The search bar on the Facebook app now has AI prompts. Instagram search suggestions are slightly more Instagram-y.
Persons: Instagram, , Meta, Pew, ike, .. F, els Organizations: Service, Facebook, Fast Company, rit, up id, Meta Locations: uri
Tesla finally has to deal with the EV slowdown. The EV company can't rely on hybrids and gas cars like competitors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Both Ford and GM exceeded analyst expectations for the first quarter thanks to cost cutting and stronger demand for gas-powered cars. But the tables have turned now as traditional automakers are able to tap into a newly popular segment unoccupied by Tesla: hybrids.
Persons: Tesla, Musk, , Elon, Mary Barra, Barra, ruffle Musk Organizations: EV, Service, Ford, GM Locations: North America
US House Minority Leader Hakeem Jeffries(L) hands newly elected House Speaker Mike Johnson the gavel at the US Capitol in Washington, DC, on October 25, 2023. WASHINGTON — House Democratic leadership said in a joint statement Tuesday that they would vote to help save Speaker Mike Johnson if Rep. Marjorie Taylor Greene, R-Ga., moves to oust him. "From the very beginning of this Congress, House Democrats have put people over politics and found bipartisan common ground with traditional Republicans in order to deliver real results," House Minority Leader Hakeem Jeffries, D-N.Y., Minority Whip Katherine Clark, D-Mass., and Caucus Chair Pete Aguilar, D-Calif., said. "At the same time, House Democrats have aggressively pushed back against MAGA extremism. The statement from Jeffries and his leadership team Tuesday is the strongest signal on how House Democrats would react to a move to oust the speaker.
Persons: Hakeem Jeffries, Mike Johnson, Marjorie Taylor Greene, Katherine Clark, Pete Aguilar, Johnson, Greene, President Biden, Jeffries, MAGA Organizations: WASHINGTON — House Democratic, House Democrats, Democrats, MAGA, Democratic, Israel, Republicans Locations: Washington ,, D, Ukraine, U.S, MAGA
BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company's China-made vehicles passed the country's data security requirements, the automaker said Sunday. Although Tesla's electric cars are some of the most popular vehicles in China, they have reportedly been banned from some government-related properties due to concerns about what data the U.S.-based automaker can collect. Tesla's press release did not specify which local authorities had removed restrictions on the cars. The Biden administration earlier this year announced a probe into whether imported cars from China pose national security risks due to their ability to potentially collect data about the U.S. and send it back to China. Tesla's vehicles were not the only ones that passed the data security rules.
Persons: Elon Musk, Tesla, Porte, Premier Li Qiang, Biden, Li Auto, Nio Organizations: Twitter, Viva Technology, Porte de, BEIJING — Local, Premier, Tesla's, China Association of Automobile Manufacturers, National Computer Network, Coordination Center of China Locations: Paris, France, BEIJING, China, Beijing
Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.
Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, , Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, , ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo
New York University officials will move to discipline student demonstrators who remain in a pro-Palestinian encampment on campus, the university announced in a statement on Monday. The encampment was erected on Friday, as similar sites spread on college campuses across the country, following Columbia University’s lead. Students removed their tents on Friday as N.Y.U. demanded but continued to stay overnight at the encampment. By Monday afternoon, students had not responded and had remained at the site, John Beckman, a university spokesman, said in the statement.
Persons: Columbia University’s, John Beckman, Organizations: New York University Locations: Columbia
Products are seen at an Amazon fulfillment center where they are being sorted and shipped out as same-day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center in Tampa, Florida, on Nov. 27, 2023. The company has said it wants to make same- and next-day delivery the standard, and it plans to double the number of same-day delivery facilities in the U.S. within the next few years. Amazon has already stood up more than 55 same-day delivery sites in the U.S., primarily clustered around major metro areas. Same-day sites also condense the fulfillment process, typically spread across multiple Amazon facilities under one roof. Amazon has bolstered investment in fast shipping as traditional retail rivals Walmart and Target have stepped up their delivery game.
Persons: Andy Jassy Organizations: U.S, Amazon, Amazon's, RBC Capital, Walmart, Target Locations: Tampa , Florida, U.S
being driven 20 miles per hour over the speed limit on Phillips Road. Officer Crisafulli put on his lights and sirens, signaling to the driver to pull over. I was going 55 coming home from work,” Ms. Doorley said angrily, getting out of the car as Officer Crisafulli approached her garage. He reminded her that the speed limit on Phillips Road was 35 m.p.h. In the footage, Ms. Doorley can be heard using expletives, calling the officer vulgar names and repeatedly escalating the situation.
Persons: Cameron Crisafulli, Crisafulli, Sandra Doorley, , ” Ms, Doorley, Organizations: Police, Webster Police Department Locations: Webster, N.Y, Rochester, Monroe County
On any given evening, Ewing receives emails informing him that some fan in a far-flung location – say, Los Angeles – has just invested in his tiny Scottish soccer club, the Caledonian Braves. “A community club, most people would think, is a local community bound by a certain geography,” says Ewing. National Basketball Association/Courtesy Caledonian BravesAgainst this backdrop, fan ownership has emerged as somewhat of a utopian panacea for some fans. As time went by, the academy’s first team started playing in the Scottish soccer leagues and separated to form the Caledonian Braves in 2019. “You can be anyone really from anywhere and you can also own a football club for as little as £10 ($13).”
Persons: Ted Lasso ”, Ryan Reynolds, Rob McElhenney’s, , Chris Ewing, Ewing, Los Angeles –, ’ ” Ewing, , , Mujtaba Elgoodah, Elgoodah, braving, ” Elgoodah, Alastair Ross, Nassir Criss, Elizabeth Ball, Kristen Hamilton, Hailie Mace, Isaiah Covington, ” Covington, ” Hamilton, that’s, , , ” Criss, Mutjaba Elgoodah, Kiera Burns, ” Ball, Tom Brady, Matthew McConaughey Organizations: CNN — Soccer, Welsh soccer, Scottish soccer, Caledonian Braves, CNN Sport, Scottish, Scottish Premier League, NBA, US, Super League, Golden State Warriors, National, Players ’ Association, Braves, Twitter, Kansas City, Boston Celtics, NFL, National Basketball, English Premier League, St Mirren, Motherwell, Rangers, Celtic, , Edusport Academy Locations: Wrexham, , Los Angeles, Scottish, Australia, Motherwell, Glasgow, – Wyoming, Kansas, Scotland, Heart of Midlothian, France
Monday's analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lululemon and electric car marker Tesla. The firm downgraded Ulta stock to equal weight from overweight, and lowered its price target to $434 per share from $612. — Brian Evans 6:30 a.m. Evercore slashes Tesla price target Evercore ISI says its forecast for Tesla stock is due for an update as headwinds from the start of the year converge and pressure the electric vehicle company. Apple stock has pulled back 12.1% in 2024 but was up 1.7% in premarket trading Monday. Lululemon stock has slipped nearly 29% in 2024 and was off 1.9% premarket Monday.
Persons: Bernstein, Toni Sacconaghi, Barclays downgrades Ulta, Adrienne Yih, Yih, — Brian Evans, Chris McNally, McNally, Bernstein's Toni Sacconaghi, Sacconaghi, Barclays downgrades Lululemon, headwinds, LULU Organizations: CNBC, Apple, Tesla, Barclays, ISI Locations: China, Friday's, Mexico
George Santos will be making Cameo videos as his drag persona, Kitara Ravache, he said. After being expelled from Congress, Santos has used Cameo to earn money. AdvertisementDisgraced former Congressman George Santos announced on Monday that he is bringing his drag persona Kitara Ravache "out of the closet" for a limited time. AdvertisementRochard said that she had known Santos as a drag queen and that he'd competed in drag in a beauty pageant as Kitara Ravache in 2008. AdvertisementFollowing his expulsion from Congress, Santos turned to Cameo as a source of income.
Persons: George Santos, Kitara Ravache, Santos, , Y'all, I've, Roch, "Ru Organizations: Congress, Service, New, Acc, e, eni Locations: y
CNN —Three-time Super Bowl champion and four-time All-Pro Travis Kelce has signed a record contract for NFL tight ends, according to his representatives. “Back at it again, baby!” Kelce, an 11-year veteran, exclaimed in a video posted by the team on X, formerly Twitter. The $17.125 million yearly average outpaces New York Giants tight end Darren Waller, who had been the league’s highest-paid player in the position, with a salary of $17 million per year, per Spotrac. After winning his third Super Bowl, he and Swift took a vacation in the Bahamas. In an exclusive interview with People magazine, the tight end shared his joy about his current life.
Persons: Travis Kelce, , ” Kelce, , Darren Waller, Patrick Mahomes, y’all I’ll, Taylor Swift, Swift Organizations: CNN, NFL, KC, Sports, New York Giants, Chiefs, Kelce, Bowl Locations: Bahamas
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My husband and I are raising a blended family with three boys — 8, 13, and 15 — who each go to a different school with slightly different start times. Once the boys are off, my husband leaves for work, and I get started on my to-dos from the home office. The couple being cringe-y, as their youngest says, on a trip to New York City last fall without the kids. Sara LyleWe weren't together, pre-kidsMy husband and I were never a couple before having kids; we were with other partners.
Persons: , we've, Sara Lyle, It's Organizations: Service, Business, American Psychological Association, APA, New York City Locations: Colorado Springs, Caribbean, Denver, New York, Florida, New Orleans, New York City, France, Singapore, Southeast Asia
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