DIRS.INFO The most relevant business & tech news

☆ A bigger pool of American workers could continue to slow inflation even further
▼ + stars: | 2024-03-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Now, as the Federal Reserve faces the final stretch of its historic inflation battle, a bigger pool of workers could slow inflation even further. That then begs the question: How much more can better labor supply slow inflation? The US Labor Department releases January figures on job openings, quits, hires and layoffs. The US Labor Department reports the number of new applications for jobless benefits in the week ended March 2. China’s National Bureau of Statistics releases February inflation data.

Persons: Mary Daly, “, ” Sarah House, Michael Gapen, That’s, Jack Bantock, ’, ”, Richard Felton, Thomas, ’ ”, Patrick Harker, Ross, Nordstrom, Michael Barr, Campbell Soup, Foot, Jerome Powell, Loretta Mester Organizations: DC CNN, Federal Reserve, San Francisco Fed, National Association for Business Economics, Labor, CNN, Bank of America, White House’s Council, Economic Advisers, English Premier League, Chelsea, Burnley, Philadelphia Fed, Target, P Global, Institute for Supply Management, US Commerce Department, Abercrombie, Fitch, Financial Services, The Bank of Canada, US Labor Department, Broadcom, Costco, Eagle Outfitters, Potbelly, Banking, Housing, Urban Affairs, European Central Bank, Cleveland Fed, National Bureau of Statistics Locations: Washington, San, Wells, United States, London, JD.com, Kroger, Burlington, DocuSign

(AP) — The Chiefs' Travis Kelce and the 49ers' George Kittle are best of friends when they are off the field. The king of Tight End U,” Kelce said of Kittle, when asked about their relationship. “He's the best tight end in the league and deservingly so this year. Kittle had two more catches in the NFC title game against Detroit to set up his rematch with Kelce and the Chiefs. “I couldn't be more proud of him,” Kelce said, “couldn't be more honored, really, to go up against George in another Super Bowl.

Persons: Travis Kelce, George Kittle, Greg Olsen, that's, ” Kelce, Kittle, “, He's, Taylor Swift, Kelce, Jerry Rice, Patrick Mahomes, ”, Fred Warner, “ Pat, it's, John Lynch, marveled, Jerry Rice’s, ” Lynch, Jerry, he’s, Andy, Reid, ‘ You’ve, You’ve, San, hasn't, George, It's Organizations: KANSAS CITY, —, Chiefs, 49ers, University, San Francisco, Kansas City, Super, Miami, AFC, Ravens, longtime 49ers, NFL, Packers, NFC, Detroit Locations: KANSAS, Mo, San Francisco, Las Vegas, Buffalo, Baltimore, Kansas, ” San Francisco, Miami

LOS ANGELES (AP) — California braced Sunday for the worst of a potentially dangerous storm that threatened to hammer parts of the state with hurricane-force winds and cause flooding and mudslides as it moves down the coast over the next few days. Evacuation warnings and orders were in effect for Santa Barbara, Los Angeles, Ventura and Monterey counties. Classes were canceled Monday for schools across Santa Barbara County. Heavy to moderate rain was expected to stay in Southern California until Tuesday. It is the second time in days that California has been hit by an atmospheric river, a long band of moisture that forms over the Pacific.

Persons: ”, Bill Brown Organizations: ANGELES, National Weather Service, Central, Pacific, San Francisco Bay Area Locations: California, ” Santa Barbara, Santa Barbara, Los Angeles, Ventura, Monterey counties, Santa Barbara County, Hawaii, Northern California, Monterey, San Luis Obispo County, Orange, San Diego, Southern California, Southern, San Francisco Bay

The state’s illegal market had flourished for decades, anchored in the storied “Emerald Triangle” region in the northern end of the state. Dicus said in 2023 his department served 411 search warrants for illegal marijuana grow sites countywide and recovered $370 million. “The reality is that Proposition 64, in the fine print, took illicit marijuana and moved it from a felony to a misdemeanor. In 2020, seven people were fatally shot at an illegal marijuana growing operation in a rural town in neighboring Riverside County. “We've invited organized crime to come back into California and compete for an illicit market.”

Persons: ”, Jerred Kiloh, “, Kiloh, San Bernardino County Sheriff Shannon Dicus, Gavin Newsom, Dicus, we’ve, ” Dicus, Griffen Thorne, ” Kiloh, “ We've Organizations: ANGELES, United Cannabis Business Association, Authorities, El Mirage, San Bernardino County Sheriff, ” Democratic, Cannabis Locations: California, Los Angeles, San Bernardino County, Riverside County

☆ Fed meeting walkup: Chair Powell expected to announce rates will hold steady
▼ + stars: | 2024-01-31 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington, DC CNN —The Federal Reserve is widely expected to hold interest rates steady Wednesday for the fourth consecutive meeting, leaving them at a 23-year high as policymakers likely discuss the timing of rate cuts. That’s because, if inflation drifts lower but interest rates remain elevated, it causes “real” interest rates to rise, unnecessarily squeezing the economy and risking job losses. A rapidly weakening economy threatening mass job losses is an obvious reason to cut rates, which most economists aren’t currently forecasting. But another concern that has gained some traction is the rise of inflation-adjusted interest rates, which is an argument for rate cuts. The Fed is set to announce its latest policy decision at 2 pm ET on Wednesday, followed by a press conference from Chair Powell at 2:30 pm ET.

Persons: Jerome Powell’s, —, ” Sarah House, “, ”, Christopher Waller, it’s, Mary Daly, they’re, aren’t, Austan Goolsbee, Subadra Rajappa, Générale, Powell Organizations: DC CNN, Federal Reserve, Fed, CNN, ” San Francisco Fed, Fox Business, Chicago Fed, CNBC, PCE, Labor Department Locations: Washington, Wells, ” San

The San Francisco 49ers finally climbed back up the playoff mountain to return to the Super Bowl only to find a familiar foe waiting for them. When the Niners get a second shot at a Super Bowl against the Kansas City Chiefs it will be a rare title game rematch in this short of a span. Here's a look at the other times there was a Super Bowl rematch within five seasons of the first meeting. COWBOYS vs. BILLSDallas and Buffalo had the only Super Bowl rematch in consecutive seasons, meeting at the end of the 1992 and 1993 campaigns. Pittsburgh won again three years later in the first Super Bowl rematch ever to deny Dallas back-to-back championships.

Persons: Nick Bosa, Patrick Mahomes, They’re, Mahomes, Andy Reid, “, ”, Kyle Shanahan, “ They’ve, Bosa, Deebo Samuel, George Kittle, Fred Warner, Dre Greenlaw, Arik Armstead, Kyle Juszczyk, Mitch Wishnowsky, Travis Kelce, Chris Jones, Harrison Butker, Mecole Hardman, James Winchester, Nick Allegretti, Blake Bell, San Francisco, Charvarius Ward, Ross Dwelley, Richie Hames, Derrick Nnadi, Austin Reiter, Mike Pennel, PATRIOTS Eli Manning, Tom Brady, Randy Moss, Manning, David Tyree's, Plaxico, Troy Aikman, James Washington, Emmitt Smith, Lynn Swann, Dallas, Terry Bradshaw, Jackie Smith, Roger Staubach's, ___ Organizations: San Francisco 49ers, Super, Niners, Kansas City Chiefs, 49ers, Chiefs, Kansas City, GIANTS, PATRIOTS, Giants, The Patriots, Dolphins, COWBOYS, The Cowboys, STEELERS, COWBOYS The Cowboys, Steelers, Dallas, Minnesota, Rams, Steel, Pittsburgh, Super Bowl Locations: Miami, ” San Francisco, San, New York, New England, Dallas, Buffalo

LOS ANGELES (AP) — Health officials in Southern California are warning people to avoid eating raw oysters from parts of Mexico after more than 200 people recently fell ill with suspected cases of norovirus. The Los Angeles County Department of Public Health has reported more than 150 suspected cases of gastrointestinal illness linked to raw oysters, while in San Diego County, health officials said Thursday that they had 69 confirmed and probable cases. That was based, at least in part, on the findings of an investigation conducted by San Diego County health officials. The California Department of Public Health warned consumers that raw oysters harvested from those locations may be contaminated with the norovirus, which can cause diarrhea, vomiting, nausea and stomach pain. The norovirus cases included both restaurant patrons and consumers who bought oysters at shops and ate them at home.

Persons: Laguna Manuela Organizations: ANGELES, — Health, Los Angeles County Department of Public Health, The U.S . Food, Drug Administration, Wednesday, FDA, Laguna De Guerrero Negro, California Department of Public Health Locations: Southern California, Mexico, Los, San Diego County, Orange , Riverside, San Bernardino, Ventura counties, The U.S, Mexican, Sonora, of California, Laguna, Baja California, Estero Morua, San Diego

TAMPA, Fla. (AP) — A 65-year-old California fugitive who eluded authorities for nearly four decades before his arrest in June has been sentenced to 50 years in prison for killing a Florida woman. “Good luck,” the judge told Santini, who has been in jail without bond since his arrest in June at his home near San Diego. Before his arrest, Santini had lived in California under the name of Wellman Simmonds. Harmon said a woman who was in a relationship with Santini told investigators that he borrowed a van to go on the date. Santini told the woman the next morning that he’d killed Wood and dumped her body, Harmon said.

Persons: Donald Santini, Samantha Ward, “, Santini, ” Santini, Wellman Simmonds, Charles Michael Stevens, Cynthia “ Cindy ” Ruth Wood, Scott Harmon, Wood, Harmon, ” Harmon, he’d, Jamie Kane Organizations: Tampa Bay Times, Force, Prosecutors, Hillsborough Locations: TAMPA, Fla, California, Florida, Tampa, San Diego, Campo, U.S, Texas, Hillsborough County

SAN ANTONIO (AP) — The Victor Wembanyama era is underway in San Antonio. Wembanyama made his NBA debut with the Spurs against the Dallas Mavericks on Wednesday night and made an immediate splash. “How can I deny that,” San Antonio coach Gregg Popovich said prior to Wednesday's game. San Antonio received more than 200 media credential requests from eight countries, rivaling the interest shown during the NBA Finals. Wembanyama’s presence forced the Spurs to sell standing-room only tickets for the opener, a move that comes just months after the team struggled to sell tickets during its 22-60 finish last season.

Persons: Victor Wembanyama, Wembanyama, ”, Gregg Popovich, Victor’s, that’s, he’s, San Antonio, Manu Ginobili, Tim Duncan, Tony Parker, —, “, Melvin Voight Organizations: ANTONIO, NBA, Spurs, Dallas Mavericks, Frost Bank Center, Nike, ” Spurs Locations: San Antonio, France, ” San Antonio

Governors of California, which has an economy larger than most countries, have a long history of climate collaboration with China. “It’s going to be very difficult to tackle the climate crisis just here in California,” Sanchez said. California Republicans said Newsom shouldn’t be visiting China at a time of tensions over international conflicts and the suppression of free speech. But climate experts said California has a significant role to play in advancing global climate policy. “There’s a natural role for California and the California governor.”___Megerian reported from Washington.

Persons: Gavin Newsom, Jennifer Siebel Newsom, Jerry Brown, Arnold Schwarzenegger, Brown, Chuck Schumer, Nancy Pelosi, Xi Jinping, Joe Biden, John Kerry, Xie Zhenhua, Xie, David Victor, ” Victor, ”, Newsom, Kerry, Lauren Sanchez, ” Brown, Sanchez, “ It’s, ” Sanchez, Biden, Ron DeSantis, Newsom shouldn’t, James Gallagher, “ Newsom shouldn’t, It’s, Nathaniel Keohane, ” ___ Megerian, Ken Moritsugu Organizations: —, Governors, China Climate Institute, University of California, U.S, ., U.S ., White, Democrats, Republican, Florida Gov, California Republicans, Center, Climate, Energy Solutions, Associated Press Locations: SACRAMENTO, Calif, — California, China, Hong Kong, Beijing, Shanghai, Guangdong, Jiangsu, He'll, Israel, California, Berkeley, United States, Taiwan, Dubai, Indonesia, U.S, San Diego, ” California, U.S . West Coast, Washington

☆ Driver who crashed into Chinese consulate in San Francisco tried to stab a responding officer before being fatally shot, police say
▼ + stars: | 2023-10-20 | by ( Veronica Miracle Aya Elamroussi | Veronica Miracle | Aya Elamroussi | ) edition.cnn.com time to read: +4 min

On Thursday, the San Francisco Police Department held a town hall where it addressed details about how the attack on the consulate unfolded. Before officers arrived on the scene, consulate security guards used pepper spray on Yang, police said. Released evidence photos show the crossbow and arrows in the back seat of the crashed car, though a motive remains unclear. According to released 911 calls, witnesses said there were roughly 30 people in the lobby when a car crashed into the consulate building. Last week, the Consulate General of China in San Francisco said in a statement the crash caused “serious damage” and put people in a life-threatening situation.

Persons: Zhanyuan Yang, Mr, Yang, ”, Mark Im, “ Mr, Sergii Molchanov, Sergii, Molchanov, ” Molchanov, Bill Scott Organizations: CNN, Honda, San Francisco Police, San Francisco Police Department, ” San Francisco Police, Police, Chinese Communist Party Locations: San Francisco, People’s Republic of China, China, Yang’s

☆ Fed Chair Powell to deliver remarks during uncertain moment for the US economy
▼ + stars: | 2023-10-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Federal Reserve Chair Jerome Powell is set to deliver remarks during a moderated discussion hosted by the Economic Club of New York at 12 pm ET on Thursday. The yield on the benchmark 10-year US Treasury note reached its highest level since 2007 on Wednesday, while 30-year Treasury yields breached the 5% mark. That’s a welcome development for the Fed, but officials aren’t quite yet ready to declare victory. Inflation is still above the Fed’s 2% target, and officials have said they need to see further evidence of the economy cooling. Employers added a robust 336,000 jobs in September, while the unemployment rate held at a low 3.8% that month.

Persons: Jerome Powell, Philip Jefferson, That’s, ”, Mary Daly Organizations: DC CNN — Federal, Economic, of New, Treasury, ” San Francisco Fed, Traders, Commerce Department Locations: Washington, of New York, June’s, ” San, Israel

☆ Why more women are choosing to be child-free
▼ + stars: | 2023-09-25 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

Demographers point to a number of factors driving this phenomenon: economic insecurity, political uncertainty, shifting gender norms and a lessening stigma around the choice to remain child-free. In the past, women who could have been inclined to remain child-free might have given birth anyway because that is what society expected from them. Even so, women who choose to remain child-free say they still feel like they constantly have to explain their choices to others. Women who opt to remain child-free say they still experience judgment for their choices. The assumption that child-free women don’t care about children simply isn’t true either, some say.

Persons: CNN — Dyanna Volek, “ I’m, ”, Volek, “, doesn’t, don’t, Cecilia Sanders, Sanders, ’ ”, Amy Blackstone, ” Blackstone, “ We’ve, we’ve, Yana Grant, Yana Grant “, ” Grant, Grant, They’re, Graves, Jordan Levey, Levey, they’d, wasn't, Jordan Levey “, —, ” Sanders, Blackstone, They’ve, they’ll, couldn’t, ’ Organizations: CNN, Centers for Disease Control, University of Maine, US, Getty Locations: San Francisco, Chicago, Tulsa , Oklahoma, Oklahoma, Washington

☆ Marijuana users have more heavy metals in their bodies
▼ + stars: | 2023-08-30 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

CNN —Users of marijuana had statistically higher levels of lead and cadmium in their blood and urine than people who do not use weed, a new study found. Marijuana users also had 22% higher cadmium levels in their blood than non-users, and 18% higher levels in their urine, Sanchez said. “Our study wasn’t able to tease apart whether or not self-reported cannabis users were using medical or recreational cannabis, so we can’t say definitively if medical cannabis users specifically had higher metal levels,” she said. Heavy metals aren’t just in marijuana — tobacco smokers are exposed to even more types of toxins. While that’s good news for the environment, it’s worrisome for marijuana users.

Persons: ”, Tiffany Sanchez, Sanchez, Beth Cohen, ” Sanchez, can’t, Dr, Leonardo Trasande, NYU Langone, I’m Organizations: CNN, Columbia University Mailman School of Public Health, US Environmental Protection Agency . Marijuana, University of California, Environmental, National Health, Cleveland Clinic, NYU, US Department of Agriculture, District of Columbia Locations: New York City, San Francisco, Italy

☆ Photo Essay: A Historic Dallas Neighborhood Grapples With Gentrification
▼ + stars: | 2023-08-24 | by ( Azul Sordo | ) www.usnews.com time to read: +19 min

Raul Gutiérrez Alvarado (left) and his nephew, William Domínguez Gutierrez, pose for a portrait outside of their Oak Cliff home. At the time, the local media narrative was one of positive change for the neighborhood, Valderas says. (Azul Sordo for USN&WR)Before the BarrioOak Cliff was once a majority-white, working class neighborhood, annexed by Dallas in 1903. South Oak Cliff, which is largely Black and Hispanic, has a long record of neglect, well documented by Texas Monthly . This is the only photo she has of herself, which adorns the living room of her South Oak Cliff home.

Persons: Cliff, Seattle –, Ferguson, Raul Gutiérrez Alvarado, William Domínguez Gutierrez, Oak Cliff, Gutierrez, Manuel Sordo, Giovanni Valderas, Valderas, “, Ezekiel Garcia, Brianna Hinguanzo, Jose Melendez, Diana Melendez, ”, . Sandoval, Sandoval, Strausz, ” Sandoval, Tereso Ortiz, they’ve, They’ve, ” Ortiz, Claudia Rangel, Damien Olguin, Rangel, Pearlina Bates, she’s, Bates, ” Bates, ‘ Let's, Todd Williams, Sam Moss, Moss, Cliff Valderas, –, ” Valderas, Chad West, Gloria McCoy, Joann, McCoy, SaCarol Ford, Shaun Montgomery, She’s, Charles Strain, Noah Penn, ” Montgomery, Robert L, Thornton, ” Kathryn Holliday, that's, Tomorrow Bates, it’s, ‘, ” Pearlina Bates Organizations: DALLAS, U.S ., U.S . As Texas, USN, Dallas Morning News, National Community Reinvestment Coalition, Dallas, San, Texas Woman’s University, Oak Cliff, cleats, Bishop Arts, Institute, Ku Klux Klan, D Magazine, “, Penn State University, Bishop Arts District, Casa, Blacks, New York City, Texas Woman's University, Dallas County, City Council, Chad, Greater El Bethel Missionary Baptist Church, Tenth, Historic, Tenth Street Residential Association, Greater El Bethel Church, Ninth Ward School, Ku Klux, Dallas Observer, American Institute of Architects, University of Illinois, Tenth Street, Greater El Bethel Baptist Missionary Church, Sunday, Texas Monthly, Cliff Locations: Dallas, U.S, U.S . As, Seattle, Lawndale, Chicago, Missouri, Dover , New Jersey, Michocán, Mexico, Oak, San Francisco, Denver, Boston, North Oak, Jefferson, “ Texas, Black, “ Barrio America, American City, South Dallas, Oak Cliff, ”, Casa Guanajuato, Dallas from Louisiana, –, Kiest Park, Texas, Melba, Greater El Bethel, Van Buren

☆ Live updates: Storm Hilary drenches California after battering Mexico as a hurricane
▼ + stars: | 2023-08-21 | by ( Aditi Sangal | ) edition.cnn.com time to read: +2 min

“Lives and property are in great danger through Monday.”Flood watches are in effect for more than 25 million people from Southern California to northern Idaho. Flooding, mudslides and downed trees and wires already are widely reported across Southern California. Once a hurricane, Hilary weakened as it made landfall in Mexico Sunday, where at least one person died, then it crossed over into the Golden State. While the storm has weakened significantly, it’s still battering California with extreme weather as it moves farther inland, bringing continued fears that floods and mudslides could potentially turn deadly. Read more about Hilary as it brings life-threatening flooding and gusty winds to southern western US.

Persons: Mario Tama, Hilary, Monday, ” Flood, Todd Gloria, ”, it’s Organizations: Southwest, Southern California, National Hurricane Center, Intermountain, National Weather Service, ” San Diego, CNN, Golden State Locations: Rancho Mirage , California, Nevada, San Diego, arroyo, Southern California, Idaho, ”, Palm Springs, Mexico, Los Angeles, California

☆ Tropical Storm Hilary has weakened to a post-tropical cyclone but is still bringing life-threatening flooding and strong winds
▼ + stars: | 2023-08-21 | by ( Nouran Salahieh Joe Sutton Rob Shackelford | Nouran Salahieh | Joe Sutton | ) edition.cnn.com time to read: +7 min

CNN —Hilary has weakened to a post-tropical cyclone that’s still bringing life-threatening flooding and gusty winds to much of the Southwest US, leaving streets like raging rivers and residents ordered to leave their homes. “Areas that normally do not experience flash flooding will flood,” the National Weather Service said. Strong and gusty winds are expected to persist across portions of the western US Monday, particularly in and near areas of higher terrain. Cars were stuck in floodwaters in the Spanish Hills area, the National Weather Service reported. The Los Angeles Unified School District – the nation’s second largest school district – will be closed Monday because of the storm.

Persons: Hilary, Monday, ” Flood, Todd Gloria, ”, –, San Bernardino County’s Yucaipa, “ Crews, Gustavo Araiza, David Swanson, Mike McClintock, ” McClintock, “ We’re Organizations: CNN, Southwest, Southern California, National Hurricane Center, Intermountain, National Weather Service, ” San Diego, United States Geological Survey, Golden State, Residents, Sunday, San Diego Fire, Los Angeles Unified School District, Pasadena Unified School District, San Diego Unified School District, Palm Springs, Palm, Getty, Caltrans, San Bernardino Fire Battalion Locations: Nevada, San Diego, California, arroyo, Southern California, Idaho, ”, Palm Springs, Los Angeles, Ventura, Spanish, Mexico –, Imperial County, San Bernardino County, Barstow, Serrano, San Bernardino, Forest Falls, Oak Glen, Santa Clara, Pasadena, Long Beach, Palmdale, Death, AFP, Santa Clarita, Sand, Baker, Inyo County

☆ Stores are leaving San Francisco. Ikea is opening this week
▼ + stars: | 2023-08-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Ikea is opening a new store in downtown San Francisco Wednesday, bucking the trend of retailers closing in the city. Ikea is opening a new store this week in downtown San Francisco at 945 Market Street. While violent crime statistics in San Francisco have remained relatively low in recent years, property crimes have risen since 2020, according to San Francisco Police Department data. Activity this spring in downtown San Francisco, as measured by mobile phone use, was 68% below its pre-pandemic levels, the largest decline of any US city. In June, shopping mall operator Westfield announced it would give up control of its San Francisco mall, citing “challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic.”A month earlier, Nordstrom, one of the biggest retailers in Westfield, said it would shutter both of its San Francisco stores.

Persons: San Francisco Mayor London Breed, Nordstrom, San Organizations: New, New York CNN, Ikea, Shoppers, IKEA, San Francisco Mayor London, San Francisco Police Department, Westfield Locations: New York, San Francisco, San, San Francisco’s Union, Westfield, Francisco

☆ San Mateo fatal stabbing video posted on Facebook, police say
▼ + stars: | 2023-07-29 | by ( Rebekah Riess | ) edition.cnn.com time to read: +1 min

CNN —A Bay Area man faces a murder charge after allegedly stabbing a woman to death and posting video of her “last moments” on Facebook, San Mateo Police say. The Nye County Sheriff’s Office in Nevada notified San Mateo Police Wednesday afternoon that a caller reported having witnessed a stabbing on Facebook, police said in a statement. The caller provided the name and phone number of the man who posted the video, according to San Mateo police. The phone number was traced to an apartment complex in San Mateo. Anyone with information or security footage related to this homicide is asked to contact the San Mateo Police Department.

Persons: Mark Mechikoff, “, Mechikoff Organizations: CNN, Facebook, San Mateo Police, San, San Mateo police, Meta, San Mateo Police Department Locations: Nye, Nevada, San Mateo, San Jose

☆ From inflation to mortgages: What last week’s data says about the economy
▼ + stars: | 2023-07-15 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

The Fed’s preferred gauge of inflation, the Personal Consumption Expenditures index, showed that inflation was double the target in May (more on inflation shortly). Wednesday’s Consumer Price Index showed that annual inflation slowed from 4% to 3% in June, the lowest level since March 2021. Then on Thursday came Producer Price Index data, which measures the average change in prices that businesses pay to suppliers. That data showed annual wholesale inflation cooled last month to the lowest level in nearly three years. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs,” she wrote.

Persons: Michael Scott, Price, ”, Mary Daly, “ It’s, Alicia Wallace, Freddie Mac, Jamie Dimon, JPMorgan Chase, can’t, Dimon, “, — CNN’s Bryan Mena, Matt Egan Organizations: New, New York CNN, Reserve, ” San Francisco Federal Reserve Bank, University of Michigan, JPMorgan, CNN Locations: New York, ” San Francisco

☆ The number of small firms raising prices fell to the lowest level since March 2021
▼ + stars: | 2023-07-11 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —The number of small businesses saying they raised their prices fell in June to its lowest level since March 2021, according to a survey released Tuesday by the National Federation of Independent Business. The share of respondents who reported higher prices dropped by three points last month to 29%, “still a very inflationary level but trending down,” the report showed. “Inflation and labor shortages continue to be great challenges for small businesses,” said the NFIB’s chief economist Bill Dunkelberg in a release. The current tight labor market has been keeping pressure on employers to raise prices to protect their margins — a dynamic that Fed Chair Jerome Powell discussed in recent remarks. The impact of improving supply chainsThe economy has slowed from its red-hot pace after rebounding from the pandemic, but some dynamics that prompted businesses to raise prices have been slowly unwinding.

Persons: “, Kieran Clancy, ”, Bill Dunkelberg, Jerome Powell, Mary Daly Organizations: DC CNN, National Federation of Independent Business, Pantheon, Federal Reserve, Fed, Research, San Francisco Fed Locations: Washington, San

☆ Seven people remain hospitalized after fatal crash outside Texas migrant shelter
▼ + stars: | 2023-05-09 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +4 min

CNN —Seven people remain hospitalized in Brownsville, Texas, as a candlelight vigil is planned Tuesday in another Texas border town for the eight others who were killed when a vehicle plowed into a group of people at a bus stop over the weekend. The fatal crash comes as Brownsville and other border towns brace for a migrant surge when the public health emergency measure known as Title 42 lapses on Thursday. A memorial site set up after a deadly crash at a bus stop in Brownsville, Texas, seen on Monday. Romero said that after the crash, the driver got out of his vehicle and appeared to be impaired. The driver was uncooperative after the crash and gave authorities different names, Brownsville Police spokesman Martin Sandoval said.

CNN —Nima Momeni, the man accused of killing Cash App founder Bob Lee in San Francisco, intends to plead not guilty next week, his attorney said. “We believe that we have sufficient evidence to prove beyond a reasonable doubt that Mr. Momeni murdered Bob Lee,” Jenkins said. Alleged conversations between Lee and MomeniBob Lee cofounded the mobile payment service provider Cash App. Lee had told Momeni nothing inappropriate happened, according to the document. “Momeni forcefully grabbed her right upper arm and her right side waist area,” Officer Johnson wrote in the report, according to the Chronicle.

☆ 1 dead in Spanish church machete attacks, terror link probed
▼ + stars: | 2023-01-26 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

The assailant then went to a second church, Nuestra Señora de La Palma, a five-minute walk away, where he attacked the sexton. Police gather outside the Church of San Isidro, in Algeciras, Spain on Jan. 25, 2023. Nono Rico / Europa Press via APThe Algeciras town hall said the sexton was named Diego Valencia and identified the wounded priest as Antonio Rodríguez. The town hall said he was hospitalized and in stable condition. The town hall declared a day of mourning when flags will fly at half-staff.

Young Latino voters were a crucial voting bloc in slowing down the so-called Republican red wave in the 2022 midterm elections, according to early exit polls. Thirty percent of young Latino voters favored the Republican House candidate. Additionally, 41% of young Latino voters identify as liberal, while 34% identify as moderate and 25% as conservative. Young Latino voters under 30, alongside young Black voters, showed stronger support for Democrats on Election Day compared to young white voters, according to the analysis by CIRCLE. "The ranking for those two states is really heavily influenced by the big presence of young Latino voters," Medina said.

Search resuls for: "” San"

25 mentions found