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CNN —A second former Memphis police officer facing federal civil rights charges in the violent arrest and beating death of Tyre Nichols changed his plea to guilty on Friday in federal court. Mills and Martin are among five former officers charged in the death of Nichols, a 29-year-old Black man. He admitted he “willfully used unreasonable force against Tyre Nichols,” “aided and abetted” other officers in assaulting Nichols and “failed to intervene” in other officers’ use of force. Police said the unit was permanently deactivated shortly after Nichols’ death. The beating and Nichols’ death led to protests and vigils in Memphis and other major US cities, reigniting the contentious debate over policing and the ways that law enforcement treat Black people.

Persons: Tyre Nichols, Emmitt Martin III, Desmond Mills, Nichols, Martin, Mills, Tadarrius Bean, Demetrius Haley, Justin Smith, ”, “, ” “, abetted, ” RowVaughn Wells, “ Tyre, Martin’s, ” Wells, ” Ben Crump, Rodney Wells, we’ll, Derek Chauvin’s, George Floyd, ” Crump, Crump Organizations: CNN, Memphis, Force, Memphis Police Department, Police Locations: Memphis, Minneapolis, America, Shelby County

☆ Olympics 100-meter final: Welcome to the the most intimidating start line in sports
▼ + stars: | 2024-08-03 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

“I think it was the worst pressure you could ever be put under,” British former sprinter Allan Wells, who won 100m gold at the 1980 Moscow Olympics, told CNN Sport. “You run through it in your head thousands of times – the start, the gun going off,” Wells added. “It was the worst feeling you could ever have but still be in control of what you were hoping to achieve,” said Wells, one of only three British sprinters to win 100m gold at the Olympics. The legendary Bolt, winner of three consecutive 100m gold medal between 2008 and 2016, said that he would try not to overthink things. Bolt was famously relaxed on the start line, fist-bumping race officials and playing up to the crowd with gestures and poses.

Persons: crouch, Allan Wells, ” Wells, – you’ve, you’ve, Zharnel Hughes, cramping, Hughes, ”, Wells, Bolt, ” Donovan Bailey, Canada’s, ’ That’s, ” Bailey, Bailey, Michael Johnson, ’ ” Donovan Bailey, John Giles, Noah Lyles, “ Noah, ” Jo Brown, Lyles, “, Brown, she’s, “ They’ll, ‘, ” Noah Lyles, Yu, Christian Petersen, Kishane Thompson, Ferdinand Omanyala –, Sha’Carri Richardson, Shelly, Ann Fraser, Pryce, “ It’s Organizations: CNN, Paris ’ Stade de France, CNN Sport, Olympics, NBC, Olympic, Olympic Games Locations: British, Tokyo, Atlanta, Seville

☆ Trump will meet FBI for victim interview in shooting investigation, agency says
▼ + stars: | 2024-07-29 | by ( Hannah Rabinowitz | Holmes Lybrand | ) edition.cnn.com time to read: +3 min

CNN —Donald Trump has agreed to sit for a victim interview with the FBI, which is investigating this month’s attempted assassination, an agency official said Monday. “The interview of the former president will be consistent with any other victim interview that we do,” Kevin Rojek, the special agent in charge of the FBI’s Pittsburgh Field Office, told reporters on a conference call Monday. The FBI wants to “get his perspective on what he observed, just like any other witness to the crime.”“It is a standard victim interview, like we would do for any other victim of crime under any other circumstances,” Rojek said. Crooks was “highly intelligent” and had a growing interest in shooting, Rojek said. But since they accessed the accounts, investigators found that the shooter was using the emails primarily to make online purchases.

Persons: Donald Trump, Kevin Rojek, “, ” Rojek, Thomas Matthew Crooks, Crooks, Rojek, Oswald, Kennedy ”, ”, Bobby Wells, ” Wells Organizations: CNN, FBI, Pittsburgh Field Office, Slovakian, Counterterrorism Division Locations: Washington ,

☆ Hurricane Beryl: Houston area residents frustrated as they enter 6th day without power and air conditioning in punishing heat
▼ + stars: | 2024-07-13 | by ( Dalia Faheid | Taylor Galgano | ) edition.cnn.com time to read: +11 min

We should not have had nine fire stations without power,” Patrick said. Combined with power outages, alarmingly dangerous consequences have ensued. CenterPoint foreign assistance crews work to restore power lines on Thursday in Houston, Texas. Danielle Villasana/Getty ImagesFrustration mounts with Houston utility providerThe crisis comes more than three years after massive power outages hit the state. Greg Abbott has requested an investigation into CenterPoint Energy and other electric companies in the wake of the outages, Patrick said in a news conference Thursday.

Persons: Hurricane Beryl, Energy –, Jordyn Rush, “ It’s, ” Rush, “ I’m, Gov, Dan Patrick, ”, ” Patrick, Beryl, KP George, Dawn O’Connell, Nim Kidd, Patrick, Kidd, Rush, it’s, Hurricane, Brian Maxwell, Danielle Villasana, Greg Abbott, CenterPoint, Jason Wells, “, ” Wells, Larry, Brandon Bell, Destinee Rideaux, she’s, she’s “, “, Rideaux, Laura, she’ll Organizations: CNN, Energy, Houston, Jordyn, CenterPoint Energy, Sunday, “, US Department of Health, Human Services, Preparedness, Texas Emergency Management, Gov, Federal Emergency Management Agency, Texas Gov, CenterPoint, Houston Chronicle, Ward Locations: Texas, Vermont, Louisiana, Houston, Fort Bend County, Harris County, Crystal Beach, City, Galveston, Houston , Texas, Iowa , Louisiana, Hurricane

☆ Here’s the ‘bad news’ in the ‘good’ jobs report
▼ + stars: | 2024-06-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

CNN —At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state of the economy, Friday’s jobs report was much more opaque than everyone had hoped. Unemployment roseThe unemployment rate rose to 4% from 3.9%. The rise in unemployment can be traced to the findings of the household survey (one of two surveys that feed into the monthly jobs report). Compared to the establishment survey that showed the robust 272,000 net gain in jobs, the household survey faltered. That’s in the service sector, everything from personal care services, dry cleaning, cleaning and home maintenance and vehicle maintenance, she said.

Persons: Dean Baker, ” Diane Swonk, Gus Faucher, “ Jobs, ”, ” Julia Pollak, ZipRecruiter, ” Pollak, ” Swonk, That’s, ” Andrew Challenger, hirings, Wells, Sarah House, Mike Pugliese, it’s Organizations: CNN, Federal Reserve, KPMG, PNC, “ Employers, Challenger

☆ Eton vs. Harrow: Time is running out for one of England’s oldest and most exclusive rivalries
▼ + stars: | 2024-05-13 | by ( Issy Ronald | ) edition.cnn.com time to read: +8 min

Lord's Cricket Ground, London CNN —At Lord’s Cricket Ground in the quiet, well-heeled streets of northwest London, different architectural eras collide together in a mishmash of mismatching styles representing the old and the new. And never is that collision between the old and new more evident than when Lord’s, the self-styled “home” of cricket and one of its most prestigious grounds, hosts the annual schoolboys fixture Eton vs. Harrow. CNN has contacted Eton and Harrow for comment but had not received a response at the time of publication. Spectators at Lord's Cricket Ground during the lunch interval in 1895 at the annual Eton vs. Harrow match. “We have to learn from the past, and the successes of the past too.”‘A turgid image of snobbery’The question of the Eton vs. Harrow match has become entangled in the wider conversations around cricket presently.

Persons: Lord’s, ”, Lord Byron, “, Let’s, Jack Sparrow, Andrew Boyers, I’ve, ” Mark McCullen, Harry Wells, we’ve, ” Wells, Symons, we’re, Stephen Fry, ” Harrow, Tom Jenkins, ” Fry, ” Mark Nicholas Organizations: London CNN, Eton, Harrow, Marylebone Cricket Club, MCC, Oxford, Cambridge, CNN, England Women, Independent Commission, Equity, Cricket, Haymarket Theatre, Etonians, “ Pirates, CNN Sport, Wimbledon, Ascot, Thiele, Times, Harrow coasted Locations: London, Lord’s, Caribbean, Harrow

☆ US tourist on safari in Zambia killed by charging elephant
▼ + stars: | 2024-04-04 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —An elderly American woman was killed in Zambia after an elephant charged at a vehicle carrying tourists in Kafue National Park. “This is a tragic event and we extend our deepest condolences to the family of the guest who died,” he said. The deceased woman has since been named as 79-year-old Gail Mattson by her family, correcting the age initially cited by Wilderness. “We would like to share some amazing pictures of our wonderful Mom’s trip to South Africa with her friends and family. Zambia is popular with safari travelers thanks to a number of national parks and the quality of its guides.

Persons: Keith Vincent, “, ” Vincent, ”, Gail Mattson, Blake Vetter, Vetter, Mattson, ” Vetter, Rona Wells, ” Wells, Bianca Rudolph, Lawrence Rudolph Organizations: CNN, Wilderness, Facebook Locations: American, Zambia, South Africa, Africa

☆ Americans with low credit scores use ‘Buy Now, Pay Later’ more often
▼ + stars: | 2024-02-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

New York CNN —Americans who are already facing some financial difficulties are more intensive users of “Buy Now, Pay Later” offerings, with the majority of them tapping the short-term installment payment programs five or more times a year, according to new research released Wednesday by the Federal Reserve Bank of New York. Researchers found that almost 60% of financially fragile consumers have used Buy Now, Pay Later five or more times a year, with nearly 30% of them conducting 10 or more of the BNPL transactions annually. “More-fragile households tend to use the service to make frequent, relatively small, purchases that they might have trouble affording otherwise,” researchers wrote in the post. Buy Now, Pay Later offerings have exploded in use and availability in recent years, allowing people to make (often short-term) installment payments on furniture, travel, concert tickets, food delivery and even the grocery store. )”Some of the greatest downside risks for consumers are when they stack multiple BNPL loans and then pay for those programs with a credit card, economists and researchers have previously told CNN.

Persons: ”, Wells Organizations: New, New York CNN, Federal Reserve Bank of New, New York Fed, Liberty Street Economics, , New York Fed, Federal Reserve, CNN Locations: New York, Federal Reserve Bank of New York, , New

Credit expanded by just 0.4% in the month, according to the Federal Reserve’s monthly credit report released Wednesday. And it still leaves consumers with record levels of credit card debt. Of that, credit card balances grew by $212 billion to $1.13 trillion, while mortgage balances rose by $112 billion to $12.25 trillion. “Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” said Wilbert van der Klaauw, economic research advisor at the New York Fed. Average card balances rose by 10% from a year ago to $6,360, a record.

Persons: ”, Wilbert van der, TransUnion, Michele Raneri, Scott Haymore, “ Deleveraging, Wells Fargo Organizations: Federal, Federal Reserve Bank of New, Auto, New York Fed, millennials, TransUnion, TD Bank Locations: Federal Reserve Bank of New York, Wells Fargo

☆ Here’s why it may be harder to find a job online
▼ + stars: | 2024-01-20 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

But new online job posting data suggests a possible slowdown: Total job postings on online job site Indeed have fallen more than 15% compared to the start of 2023, according to data as of January 5 shared with CNN by Nick Bunker, Indeed’s economic research director for North America. Bunker said that new job postings, or those that have been on Indeed for 7 days or less, are down 13.5% year-over-year. A surplus of open roles for the past few years has made it easy for Americans to jump from job to job, gaining higher pay and perks like remote work in the process. “Software development job postings are down 44.6% from a year ago, while postings for banking and finance jobs are down 31.3%,” Bunker said. The percentage of US remote job postings on LinkedIn dropped over 9% from January 2022 to December 2023, even as interest in these jobs remains high.

Persons: Nick Bunker, Bunker, ” Bunker, LinkedIn’s, Karin Kimbrough, Kimbrough, ”, Wells, ” Wells, “ Organizations: Los Angeles CNN, CNN, North America, LinkedIn, Software, Labor, Google, Citigroup

Last Friday provided a split-screen view of the markets and the Federal Reserve. “Indeed, we look for the return of striking workers to add nearly 45K jobs to November’s payrolls. Wednesday brings the first measure of the November job market when private payroll firm ADP releases its monthly survey of employers. October came in at 150,000, a drop from the recent trend of around 200,000 jobs added per month. Consequently, we expect the post-meeting statement will keep the door open to the possibility of additional tightening this cycle.

Persons: Jerome Powell, Powell, ” William Blair, Richard de Chazal, that’s, de Chazal, –, payrolls, “, Sam Bullard, November’s, Bullard, Wells Fargo Organizations: Federal Reserve, Spelman College, “, Futures, United Auto Workers, UAW, Hollywood, Wells, Labor

The monthly decline in the producer price index was the largest since April 2020, when the country was facing the shock of the COVID-19 pandemic. Excluding energy and food costs, the core index is now at 2.9% annualized, slightly above where it stood in September. Analysts had predicted a monthly drop of 0.1% and an annual rate of 1.9% for the overall index. It was the second reading in as many days that showed inflation receding closer to the Federal Reserve’s 2% annual target. The core index, leaving out energy and food costs, came in at 4%.

Persons: ” Kathy Jones, John Sedunov, ”, Jerome Powell, “, Wells, Dan North Organizations: of Labor Statistics, “, Analysts, Schwab Center, Financial Research, Dow Jones, Research, Villanova University, International Monetary Fund, Treasury, Census, North America, Allianz Trade, Consumers Locations: Washington, U.S

☆ Banking industry direct deposit delays: Customers of Bank of America, Chase, and more have reported payment issues
▼ + stars: | 2023-11-06 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system. The deposit delays are linked to a problem that emerged on Friday with the Automated Clearing House (ACH) payments system, causing headaches for consumers and employers. An industry source confirmed to CNN on Monday that it’s likely some customers haven’t received their deposits yet. Clearing house says it was a ‘manual error’Asked for comment, multiple banks referred inquiries to The Clearing House, which is owned by the largest commercial banks including Bank of America, JPMorgan Chase, CitiBank and Wells Fargo. The Clearing House did not provide an updated comment on Monday or any timetable for when the problem will be fully resolved.

Persons: haven’t, Banks, Chase, ”, Downdetector, Wells, “ Wells, Wells Fargo, Jim Seitz, ” Chase, Greg MacSweeney, MacSweeney, Dennis Kelleher, ” Kelleher Organizations: New, New York CNN, CNN, Consumer Financial, Bureau, Bank of America, US Bank, Twitter, “, ” Bank of America, JPMorgan Chase, CitiBank, House, Federal Reserve, Fed, ACH Network, Better Locations: New York, Wells Fargo, ACH, United States

Storm clouds are growing over the U.S. economy as the third quarter winds down this week. There is the ongoing strike by United Auto Workers members against the major car manufacturers. There is the rising price of oil with the international benchmark Brent crude now sitting above $93 a barrel. Aiding the economy’s escape from a downturn has been an unusual set of circumstances that include falling inflation, rising wages and some leftover stimulus from the COVID pandemic. “Such a shutdown could leave a visible mark on the economy,” Gregory Daco, chief economist at EY Parthenon, said last week.

Persons: Bob Doll, ” Gregory Daco, ” Daco, ” Wells Organizations: United Auto Workers, Brent, Crossmark Advisors, Federal Reserve, ”, Fed Locations: U.S

A holiday-shortened week often provides markets and economists a moment to reflect. That’s especially the case after Labor Day, a date that signifies the end of the summer. Data last week reinforced the narrative of a slowing labor market and inflation that has cooled off but not quite as much as the Federal Reserve would like. A handful of Fed governors will speak this week ahead of the central bank’s next meeting in two weeks. Meanwhile, Goldman Sachs on Tuesday lowered the odds of a recession within the next 12 months to 15% from 20% previously, citing the favorable inflation data, the softening labor market and continued growth in incomes.

Persons: “, Wells, Goldman Sachs, Peter G, Peterson Organizations: Labor, Federal, BCA Research, White

☆ US retail spending picked up sharply in July
▼ + stars: | 2023-08-15 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

It was also the fourth straight month that retail sales increased. Retail sales, which are adjusted for seasonality but not inflation, rose 0.7% in July from the prior month, the Commerce Department reported Tuesday. Spending rose on nondurable items, such as clothing and sporting goods. Excluding spending at gasoline stations, retail sales rose 0.8% in July from the prior month. “Goods consumption is holding up even as services spending has taken up an increasing share of household’s wallets.

Persons: —, TJ Maxx, ”, Nikki Baird, Barbie, Taylor, Beyoncé, Taylor Swift, Gregory Daco, haven’t, Wells Organizations: DC CNN, Retail, Commerce Department, Commerce, Walmart, Target, Federal Reserve, Wall Street, Fed, “ Retailers Locations: Washington, EY

☆ Wells Fargo says missing deposits glitch is resolved
▼ + stars: | 2023-08-05 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

New York CNN —The Wells Fargo glitch that made some customers’ direct deposits disappear from their bank accounts is over, the bank said on Saturday. “All accounts have been resolved and are showing accurate balances and transactions,” Wells Fargo spokesperson Amy Bonitatibus said in a statement to CNN. Wells Fargo said only a “limited number” of customers were unable to see recent check deposit transactions. Back in March, Wells Fargo reported the same problem of some customers’ direct deposits not showing up, according to an NBC News report. If customers notice missing funds from a Wells Fargo account or any bank account, they should contact the bank directly, according to the US Office of the Comptroller of the Currency.

Persons: ” Wells, Amy Bonitatibus, “, Wells Fargo Organizations: New, New York CNN, ”, CNN, NBC Locations: New York, Wells Fargo, Wells

☆ Some Wells Fargo Customer Deposits Disappear Because of a ‘Technical Issue’
▼ + stars: | 2023-08-05 | by ( Orlando Mayorquin | ) www.nytimes.com time to read: 1 min

Some Wells Fargo customers checked their bank accounts this week to discover that their recent deposits had disappeared, causing them to express concern over where the money had gone and, in some cases, to report being late on their bills. The missing funds were caused by “a technical issue,” leaving some customers’ deposits in limbo, Wells Fargo said on social media in response to customer complaints. However, the bank did not say on Saturday how many accounts had been affected or what had caused the problem. “A limited number of customers were unable to see recent check deposit transactions on their accounts,” Wells Fargo said in a statement on Saturday. “All accounts have been resolved and are showing accurate balances and transactions.

Persons: “, ”, Wells Fargo Organizations: Wells

☆ Fourth of July gas prices take almost unprecedented plunge
▼ + stars: | 2023-06-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

During the week ending June 26, the average gas price was $3.57 a gallon, according to the US Energy Information Administration. Although pump prices have retreated from last year’s record highs, gas prices were cheaper in the summer of 2021 and certainly in 2020 when Covid-19 shut down large swaths of the economy. Pump prices plunge in Ohio, CaliforniaStill, over the past 12 months, gas prices are down in all 50 states, according to AAA. Washington recently replaced California with the unwanted distinction of having America’s most expensive gas prices. Why gas prices are downThe tumble in gas prices is an undeniable positive for consumers.

Persons: John LaForge, ”, Patrick De Haan, De Haan, “, ” Wells Fargo’s LaForge, LaForge, Wagner, Vladimir Putin’s, GasBuddy’s De Haan Organizations: New, New York CNN, AAA, That’s, US Energy Information Administration, Wells, Investment Institute, Drivers Locations: New York, Covid, Ohio , California, Indiana, Ohio, California, Illinois, Washington, Ukraine, Russia

CNN —Tyre Nichols, the 29-year-old Black man who was violently beaten by Memphis police officers in January, died from blunt force trauma to the head and his death has been ruled a homicide, his autopsy results revealed Thursday. Nichols was repeatedly punched and kicked by five Memphis Police Department officers on January 7 following a traffic stop and brief foot chase. A toxicology report performed on Nichols detected the presence of chemicals associated with marijuana and alcohol use, the report says. CNN has contacted the Shelby County medical examiner to obtain a direct copy of Nichols’ autopsy report. The Shelby County District Attorney’s Office told CNN on Tuesday that it will not pursue criminal charges against Hemphill.

☆ Three major risks that have the banking industry on edge
▼ + stars: | 2023-04-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

The toll of the WFH eraCommercial real estate — offices, apartment complexes, warehouses and malls — has come under substantial pressure, my colleague Julia Horowitz reports. Commercial property valuations could fall by roughly 20% to 25% this year, according to Rich Hill, head of real estate strategy at Cohen & Steers. About $270 billion in commercial real estate loans held by banks will come due in 2023. The proportion of commercial office mortgages where borrowers are behind with payments is rising, according to Trepp, which provides data on commercial real estate, and high-profile defaults are making headlines. That might seem simplistic, but it’s especially relevant for an industry as uniquely reliant on trust as banking is.

☆ Consumers keep spending. That might not be good news for them or the Fed
▼ + stars: | 2023-03-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

And by November and December, those predictions appeared to be materializing, when data showed consumers had pulled back during the holiday shopping season. During a month chock full of suprisingly strong economic data, the Commerce Department’s retail sales and consumer spending reports far surpassed expectations. “It’s not sustainable to keep spending above their means.”Eyes on the FedHearty consumer spending at a time like this is a double-edged sword, said Ted Rossman, senior industry analyst for Bankrate and CreditCards.com. “The resilience of consumer spending is probably the biggest thing that’s pushed this recession timetable out,” Rossman said. The Home Depot (HD) warned of flat sales for 2023 as consumers continue shift spending from goods to services.

☆ Tyre Nichols loved his family, photographing sunsets and skateboarding
▼ + stars: | 2023-01-28 | by ( Deon J. Hampton | Deon J. Hampton Is A National Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

MEMPHIS, Tenn. — He was an amateur photographer who loved skateboarding and watching sunsets darken the woods and ponds of his adopted hometown. RowVaughn Wells, mother of Tyre Nichols, cries at a news conference in Memphis on Monday. Photographing sunsets at Shelby Farms Park, an expansive green space in Memphis, was another passion, she said. She said at a news conference Friday that Nichols was driving home from Shelby Farms when he was pulled over. Nichols died Jan. 10, three days after the encounter with police that landed him in the hospital.

Wells warned of the contents of the video, called it "horrific," and asked people to protest in peace after its release. Crump has said it reminded him of “the Rodney King video,” referring to the 1991 bystander video of Los Angeles police officers beating a Black man. Two of the officers, Mills and Smith, posted $250,000 bond and were released late Thursday. Haley, Martin and Bean had remained in custody Thursday night, jail records showed. “I expect you to feel what the Nichols family feels,” she said.

The Department of Justice and FBI on Wednesday announced a civil rights inquiry into a traffic stop in Memphis, Tennessee, that preceded the death of a Black man. Tyre Nichols, 29, died three days after being taken to a hospital in critical condition following the Jan. 7 stop. Nichols' family has retained civil rights attorney Ben Crump and have demanded the public release of body camera and any other surveillance footage from the stop. Crump did not immediately respond to an NBC News request for comment regarding the civil rights investigation Wednesday. Sierra Rogers, holding her daughter Khloe Rogers, wipes away tears as she speaks during a memorial service for her friend Tyre Nichols on Tuesday.

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