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"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.

Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City

☆ Ivan Boesky, convict in 1980s insider trading scandal, dies at 87, NYT reports
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

Ivan Boesky, the financier who was a central figure of the 1980s insider trading scandals, has died at the age of 87, the New York Times reported on Monday. Boesky, who partly inspired the Gordon Gekko character in the 1987 movie "Wall Street," was at his peak considered a genius at risk arbitrage, the business of speculating in takeover stocks, and his wealth was estimated at $280 million. But the U.S. Securities and Exchange Commission proved he obtained tips from investment bankers about deals in the works and used them illegally before the information was released to the public. He won leniency by cooperating in the government's investigation of insider trading rings and reportedly taped conversations with his business contacts. The death was confirmed to the New York Times by Boesky's daughter, Marianne Boesky.

Persons: Ivan Boesky, Boesky, Gordon Gekko, Boesky's, Marianne Boesky Organizations: New York Times, U.S . Securities, Exchange Commission

☆ Ivan F. Boesky, Rogue Trader in 1980s Wall Street Scandal, Dies at 87
▼ + stars: | 2024-05-20 | by ( Leslie Wayne | ) www.nytimes.com time to read: +1 min

Ivan F. Boesky, the brash financier who came to symbolize Wall Street greed as a central figure of the 1980s insider trading scandals, and who went to prison for his misdeeds, died on Monday at his home in the La Jolla neighborhood of San Diego. His daughter Marianne Boesky said he died in his sleep. An inspiration for the character Gordon Gekko in Oliver Stone’s movie “Wall Street” and its sequel, Mr. Boesky made a fortune betting on stock tips, often passed to him illegally in exchange for suitcases of cash. As federal investigators closed in on Mr. Boesky, he agreed to cooperate, providing information that led to the downfall of the investment bank Drexel Burnham Lambert and its junk bond king, Michael Milken. Mr. Boesky brought an aggressive style to the once-sleepy world of arbitrage, the buying and selling of stocks in companies that appear to be takeover targets.

Persons: Ivan F, Marianne Boesky, Gordon Gekko, Oliver Stone’s, Boesky, Drexel Burnham Lambert, Michael Milken Organizations: Drexel Locations: La Jolla, San Diego

☆ An Ohio power company wants data centers to pay their fair share of electricity use as demand surges amid the AI boom
▼ + stars: | 2024-05-20 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

In a filing on Monday, AEP Ohio asked the state's public utilities commission to approve its proposals to create a new customer class and a set of tariffs specifically for data centers. On the other hand, data centers have created roughly "less than one" full time job per megawatt of energy consumed, the filing said. AEP Ohio's new service queue has been paused since March while the company assesses its response to the 30,000 megawatts of requests from data centers. "We believe some of that queue is speculative, but we want the real customers and counterparties to commit to Ohio," Reitter said. AdvertisementSome states, including Ohio, have a statute that allows power companies and data centers to seek approval for agreements that give the data centers heavily discounted electricity.

Persons: —, Marc Reitter, Reitter, counterparties Organizations: Service, AEP Ohio, Business, American Electric, AEP, —, AEP Ohio's, ratepayers Locations: Ohio, Columbus , Ohio, New York

☆ Dollar calm as traders await clues on U.S. rate path
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling. The Japanese yen was flat at 155.74 per dollar, with traders on alert for any signs of government intervention. That has prompted traders to trim the amount of easing expected this year to about 46 bps, with only a rate cut in November fully priced in. In other currencies, sterling touched a two-month high of $1.2711 ahead of the crucial UK inflation report due on Wednesday.

Persons: Brian Jacobsen, Powell, Jackson, Flash PMIs, Paul Mackel, BoE, Charu Chanana Organizations: Federal Reserve, Annex Wealth Management, ANZ, European Central Bank, Bank of England, HSBC, New Zealand, Reserve Bank of New, Saxo Locations: Tokyo, Germany, U.S, Reserve Bank of New Zealand

☆ European Central Bank appears to be closer to rate cuts than U.S. Federal Reserve
▼ + stars: | 2024-05-20 | 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 EmailEuropean Central Bank appears to be closer to rate cuts than U.S. Federal ReserveCNBC's Steve Liesman reports on the latest from the Federal Reserve.

Persons: Steve Liesman Organizations: Central Bank, . Federal, Federal Reserve

☆ Treasury yields hold steady as investors look to data, Fed speaker comments in week ahead
▼ + stars: | 2024-05-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury yield was at 4.4179% after falling by less than one basis point. The 2-year Treasury yield was last up by less than one basis point to 4.8180%. U.S. Treasury yields were little changed on Monday as investors looked ahead to fresh economic data and comments from Federal Reserve officials slated for the week. Investors awaited the latest economic data and comments from Federal Reserve officials as they weighed the state of the economy and the outlook for interest rates. The Fed left interest rates unchanged at its last meeting, and indicated that interest rates would not be cut until policymakers were more confident about inflation easing to its 2% target.

Organizations: U.S, Treasury, Federal Reserve, Investors, CPI

☆ DR Congo: Americans involved in foiled deadly coup, military says
▼ + stars: | 2024-05-20 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

CNN —American citizens were involved in an attempted coup d’état that left at least three people dead on Sunday in the Democratic Republic of Congo, a military spokesperson told CNN Monday. Malanga was killed in a gun battle between the armed putschists and the presidential guards, Ekenge said. Videos widely shared on social media, but not verified by CNN, showed a man with a bloody face being surrounded by Congolese military personnel. Sunday’s incident was the second coup attempt by the now deceased Malanga, a former Congolese military veteran, Ekenge told CNN. The African Union condemned Sunday’s coup attempt in the DRC and welcomed the “control of the situation” by the country’s security forces.

Persons: d’état, Vital Kamerhe, Christian Malanga, General Sylvain Ekenge, Malanga, Ekenge, “, ” Ekenge, Marcel, Benjamin Reuben Zalman, Polun, Patrick Ducey, Taylor Thomson, “ Patrick Ducey, Lucy Tamlyn, ”, Felix Tshisekedi, Kamerhe’s, Sunday’s Organizations: CNN, Democratic, Palais, Nation, Congolese, United Congolese Party, Reuters, World Bank, Central, African Union Locations: Democratic Republic of Congo, DRC, Congolese, Kinshasa, Africa, Gabon

☆ Ukraine says it struck an air base used to launch Russia's much-feared glide bombs
▼ + stars: | 2024-05-20 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Ukraine launched a drone strike on a key Russian air base on Saturday, sources say. Ukraine says many of Russia's devastating glide bombs are launched from planes at Kushchyovskaya air base. AdvertisementUkraine says it launched strikes on a key air base with a view to thwarting Russia's devastating glide bombs, according to Sky News. An unnamed military source told the outlet that the operation overnight on Saturday had "significantly reduced" Russia's ability to target the front line with the bombs. The attack took place at the Kushchyovskaya air base in Krasnodar Krai, southwest Russia, the source claimed.

Persons: Chasiv Yar, — Organizations: Service, Sky News Locations: Ukraine, Krasnodar Krai, Russia

☆ Stakes are high for prosecutors to rescue Cohen testimony as Trump trial enters endgame
▼ + stars: | 2024-05-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Defense lawyers say they expect to complete their bruising cross-examination of Cohen, Trump’s former lawyer and enforcer, on Monday morning. In dramatic testimony, Cohen last week directly implicated Trump in the alleged scheme, saying the former president directed him to hand over $130,000 to Daniels and promised him reimbursement. With the end of Cohen’s testimony looming, there is uncertainty over the extent of Trump’s defense case. Blanche referred to the possibility of Trump’s testimony on Thursday, the last day the court was in session. After the defense case wraps up, the prosecution has a chance to put on its own rebuttal.

Persons: Donald Trump’s, Michael Cohen —, Cohen, Trump’s, Trump, Stormy Daniels, Daniels, ” Cohen, Todd Blanche, Keith Schiller, Blanche, President Trump, Schiller, ’, Randy Zelin, Republican nominee’s, Joe Biden, Mike Johnson, — Bradley Smith, Judge Juan Merchan, Merchan, Smith, —, backtrack, “, ” Blanche, Arthur Engoron, president’s, Engoron Organizations: CNN, Prosecutors, Trump, Cornell Law School, Central ”, Republican, Louisiana Republican, Republicans, Commission Locations: New York, Lago, Manhattan, Louisiana, Lake Tahoe

☆ US Navy warships in the Red Sea are fighting off missiles new to combat that are 'way faster' than anything else, destroyer captain says
▼ + stars: | 2024-05-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Since then, the Iran-backed rebels have fired dozens of anti-ship ballistic missiles into the Red Sea and Gulf of Aden. An anti-ship ballistic missile "is just way faster than anything else, Cmdr. Jeremy Robertson, captain of the guided-missile destroyer USS Carney, told reporters during a media event on Monday. The Houthis maintain a sizable arsenal of anti-ship ballistic missiles, according to an analysis by the the International Institute for Strategic Studies think tank. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Jeremy Robertson, Carney, MCS2 Aaron Lau, Robertson, we've, Dwight D, Eisenhower, Petty, Bill Dodge, The Carney, Lisa Franchetti, Franchetti Organizations: Service, Navy, Business, US Navy, International Institute for Strategic Studies, Central Command, AP, Israel, Naval, Fleet Locations: American, Iran, Gulf of Aden, Suez, Yemen, Tehran, Washington, Pacific, China, Souda Bay, Greece, Mayport , Florida

☆ Gold prices are at yet another record high. That means rate cuts are coming soon
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold reached a new record of $2,454.20 per ounce on Monday as markets price in Fed rate cuts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGold set another record high on Monday as Wall Street readies for monetary policy to ease this year. Given that gold is a safe haven asset, rising international face-offs have prompted more investors to buy the bullion. Meanwhile, US sanctions on Russian reserves sparked central banks to snap up the metal at record pace.

Persons: Gold, —, Grzegorz Drozdz, David Miarrions Organizations: Service, P, Trade

☆ What Donald Trump might do if he wins a second term in 2024
▼ + stars: | 2024-05-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

Read previewIn January 2025, Donald Trump may be sworn into office as the 47th President of the United States. Another Trump term, on the other hand, would likely entail a radical reversal from not just the previous four years, but even from Trump's first term in office. While not exhaustive, here's just some of what to expect in a second Trump administration. Miller told The New York Times that a second Trump administration would build "vast holding facilities that would function as staging centers" on "open land in Texas near the border." According to Bloomberg, Trump wants to extend those cuts in a second term.

Persons: —, Donald Trump, Joe Biden, Biden, Trump, Trump's, That's, mifepristone, Stephen Miller, Miller, Alex Wong, Nixon, shouldn't, he's, Israel, there's Organizations: Service, Business, Trump, The New York Times, Heritage Foundation's, Senate, Federal Communications Commission, Federal Trade Commission, Federal Reserve, Congress, TIME, Republican, National Guard, United, Department of Justice, Capitol Police, Atlantic Treaty Organization, State Department, Pentagon, Bloomberg, American, Security, Social Security, CNBC Locations: United States, Texas, CPAC, China, Ukraine, Gaza, Israel, Europe, Washington ,

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

☆ WikiLeaks founder Julian Assange can appeal extradition to U.S., UK court rules
▼ + stars: | 2024-05-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

LONDON, ENGLAND - MAY 19: Julian Assange gestures as he speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. Photo by Jack Taylor/Getty Images) Jack Taylor | Getty Images News | Getty ImagesLONDON — WikiLeaks founder Julian Assange has the right to appeal against his extradition to the U.S., a high court in London found Monday. The U.K. court also requested assurances that Assange would not face the death penalty. Assange supporters celebrateStella Assange, wife of WikiLeaks founder Julian Assange, speaks outside court after the ruling to grant permission for appeal, on May 20, 2024 in London, England. Peter Nicholls | Getty Images News | Getty Images

Persons: Julian Assange, Jack Taylor, Edward Fitzgerald, Assange, Benjamin Cremel, Fitzgerald, James Lewis, Stella Assange, Peter Nicholls Organizations: Getty, WikiLeaks, Reuters, of Justice, Britain's, Afp, Royal, Monday, U.S Locations: ENGLAND, Ecuador, London, England, U.S, Afghanistan, Iraq, Ecuadorian

☆ The West can't completely isolate Russian banks because it would be disastrous beyond Russia
▼ + stars: | 2024-05-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.

Persons: —, hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's

☆ Soaring debt and deficits causing worry about threats to the economy and markets
▼ + stars: | 2024-05-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in March 2020. Concern over such eye-popping numbers had been largely confined to partisan rancor on Capitol Hill as well as from watchdogs like the Committee for a Responsible Federal Budget. Uncharted territory for debt and deficitsIndeed, the CBO numbers are ominous, as they outline the likely path of debt and deficits. Surging budget deficits have been driving the debt, and the CBO only expects that to get worse. "The huge obvious problem is that the U.S. federal debt is now on a completely unsustainable long-term trajectory," analysts at Wolfe Research said in a recent note.

Persons: Greenlee Beal, Jerome Powell, Powell, Jamie Dimon, Ray Dalio, hasn't, Wolfe Organizations: U.S, Capitol, Wall, CBO, Union, JPMorgan Chase, Sky News, Bridgewater Associates, Financial Times, Treasury Department, Wolfe Research, U.S ., Federal Reserve Locations: Washington , U.S, Washington, Amsterdam, London, America, U.S

☆ Toxic Political Culture Has Even Some Slovaks Calling Country ‘a Black Hole.’
▼ + stars: | 2024-05-19 | by ( Andrew Higgins | ) www.nytimes.com time to read: +1 min

More than a quarter century has passed since the United States called Slovakia a “black hole in the center of Europe” — an island of autocratic malaise surrounded by spry new democracies. The insult, leveled in 1997 by Secretary of State Madeline Albright against a country that has since joined NATO and the European Union, still stings. “We are back in a black hole; I’m not sure we ever got out of it,” said Roman Kvasnica, a prominent Slovak lawyer who denounces a political culture in which threats and personal insults are routine. In his own legal work he has faced numerous threats, including a warning that he would get a “bullet in the head” from a tycoon charged with ordering the 2018 murder of an investigative journalist digging into government corruption. Mr. Havel served as the first president of post-communist Czechoslovakia, the state that in 1993 split amicably into the Czech Republic and the Republic of Slovakia.

Persons: spry, Madeline Albright, Robert Fico, Albright, ”, Roman Kvasnica, Vaclav Havel, Havel Organizations: NATO, European Union, Central, Mr Locations: United States, Slovakia, Europe, Central European, Slovak, Czechoslovakia, Czech Republic, Republic of Slovakia

☆ Eric Molitor was acquitted on charges related to the Gretchen Whitmer kidnapping plot. Now he’s running for sheriff
▼ + stars: | 2024-05-19 | by ( Alison Main | ) edition.cnn.com time to read: +6 min

CNN —A man acquitted last year on charges linked to a 2020 plot to kidnap Michigan Gov. Gretchen Whitmer is now looking to unseat an incumbent county sheriff. Eric Molitor has filed to run in the Republican primary this August against Trent Taylor, the sheriff of deep-red Wexford County in Northern Michigan. Taylor told CNN he believes he’s constitutionally obligated to enforce the state’s laws and that it would be “reckless” not to do so, as Molitor has said he would. Molitor told CNN his experience opened his eyes to flaws in the justice system.

Persons: Gretchen Whitmer, Eric Molitor, Trent Taylor, ”, Taylor, “, Molitor, Whitmer, he’s, ” Taylor, ” Molitor, we’ve, Dan Pfannes, Pfannes, MAGA, Donald Trump’s “, Trump, Michele Lundgren, Dana Nessel, ’ ”, CNN’s Lauren del Valle, Veronica Stracqualursi, Josh Campbell, Michelle Watson Organizations: CNN, Michigan, Republican, Democrat, Michigan State University, Northern, Capitol, Michigan House, Democrats, The Michigan Sheriffs ’ Association, Michigan Democratic Party, MAGA Republican, Michigan Republicans won’t, Republican Party Locations: Wexford County, Northern Michigan, Cadillac , Michigan, Michigan, Wexford

☆ U.S. and Europe Move Closer to Using Russian Assets to Help Ukraine
▼ + stars: | 2024-05-19 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The United States and Europe are coalescing around a plan to use interest earned on frozen Russian central bank assets to provide Ukraine with a loan to be used for military and economic assistance, potentially providing the country with a multibillion-dollar lifeline as Russia’s war effort intensifies. Treasury Secretary Janet L. Yellen said in an interview on Sunday that several options for using $300 billion in immobilized Russian assets remained on the table. But she said the most promising idea was for Group of 7 nations to issue a loan to Ukraine that would be backed by profits and interest income that is being earned on Russian assets held in Europe. The urgency to find a way to deliver more financial support to Ukraine has been mounting as the country’s efforts to fend off Russia have shown signs of faltering. “It would generate a significant up-front amount that would help meet needs we anticipate Ukraine is going to have both militarily and through reconstruction.”

Persons: Janet L, Yellen, “, Ms, ” Organizations: Finance Locations: States, Europe, Ukraine, Italy, Russia, Germany

☆ I spent a night in Panama's richest neighborhood, often called a 'little Dubai' or the 'Miami of Latin America'
▼ + stars: | 2024-05-19 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Panama's Punta Pacifica skyline. From the coast, I could look out onto Punta Pacifica, where a grouping of tall buildings reached out to the clouds. McGowan said people always compare Punta Pacifica to dense cities like Miami, New York City, and Dubai. Central America Living refers to the neighborhood as a "mini-Dubai," and The New York Times said in 2014 that Punta Pacifica is "often called the Miami of Latin America." "I think Panama City and Punta Pacifica have matured enough now that it doesn't have to be compared.

Persons: Monica Humphries, McGowan Organizations: Pacifica, Punta Pacifica, Dubai ., Dubai . Central America, New York Times, Miami of Locations: Panama City, Miami, Casco Viejo, Panama, Punta, Miami , New York City, Dubai, Dubai . Central, Miami of Latin America

☆ Israeli political tensions boil over, revealing new danger for Netanyahu
▼ + stars: | 2024-05-19 | by ( Analysis Tim Lister | ) edition.cnn.com time to read: +7 min

CNN —Divisions and disagreements within the Israeli cabinet on the conduct and priorities of the war against Hamas have simmered since the onset of the crisis. That has been a red line for the religious right in the Israeli cabinet. Cabinet Minister Benny Gantz, pictured in October, is widely seen to be a leading contender to be the next Israeli leader. Over the next three weeks, compromise may yet keep the war cabinet intact. It would, however, leave the prime minister more exposed to the demands of far-right- members of his cabinet.

Persons: –, Benny Gantz, Mahmoud, Abbas, Gantz, Amir Levy, Benjamin Netanyahu, ” Gantz, Itamar Ben Gvir, Yair Lapid, Netanyahu, Ben Gvir, ”, Jack Guez, Yoav Gallant, “, “ Gantz, Anshel Pfeffer, ” Pfeffer, “ Bibi, …, Pfeffer, Gallant, Leo Correa, Bezalel Smotrich Organizations: CNN, Hamas, National Unity Party, Palestinian Authority, Israel, National, Getty, Sunday, Jerusalem Post, AP, Finance Locations: Gaza, “, Iran, Lebanon, Palestinian, Tel Aviv, AFP, Israel, Jerusalem

☆ Slovak PM Fico no longer in immediate danger but condition serious, deputy says
▼ + stars: | 2024-05-19 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Slovak Prime Minister Robert Fico is no longer in immediate danger but still in a serious condition, his deputy said on Sunday, four days after an assassination attempt that sent shockwaves through Europe. “We are all a little calmer,” Deputy Prime Minister Robert Kalinak told a news conference outside the hospital where Fico is being treated in the central Slovak town of Banska Bystrica. The prime minister, 59, was hit by four bullets on Wednesday in an attack that raised alarm over the polarized state of politics in the central European country of 5.4 million people. Kalinak told journalists that Fico’s condition was still too serious to consider transferring him to hospital in the capital. Local news media say the suspect is a 71-year-old former security guard at a shopping mall and the author of three collections of poetry.

Persons: Robert Fico, Robert Kalinak, Kalinak, Juraj C Organizations: Reuters, Slovak Locations: Europe, Slovak, Banska Bystrica, Slovakia

☆ How Trump’s first term may have laid the groundwork to make his radical immigration agenda a reality
▼ + stars: | 2024-05-19 | by ( Phil Mattingly | ) edition.cnn.com time to read: +17 min

Trump’s advisers don’t see their agenda as aspirational political messaging. “Think about the first term, but on steroids,” a former senior Trump administration official who is working outside the campaign to draft immigration policy options for a second term. In closed-door fundraisers, Biden has also called attention to the radical nature of Trump’s immigration proposals – something his 2020 campaign used to its advantage. It shouldn’t.”The dramatic scale of Trump’s immigration agenda would have a sweeping effect across the US, Schulte said – one that shouldn’t get lost in debates over his rhetoric. Once viewed as radical and relegated to the fringes of the GOP, Trump’s immigration agenda is now an animating force for most, if not all, Republicans on Capitol Hill.

Persons: Donald Trump, Trump, don’t, ”, “, Todd Schulte, Joe Biden, Stephen Miller, ” Miller, Sebastian Gorka, Trump’s, Miller, ” Trump, Eisenhower, Clinton, Karoline Leavitt, Leavitt, Biden Biden, Biden, Biden’s, would’ve, ” There’s, SSRS, ” Biden, that’s, ” Schulte, Schulte, –, shouldn’t, “ He’s, Steve Vladeck, “ That’s, Neil Gorsuch, – Brett Kavanaugh, Amy Coney Barrett –, Vladeck Organizations: CNN, Republican, Supreme, National Guard, Trump, Democratic, Trump White House, Refugee, US Navy, Pentagon, White, Border Patrol, Department, Office, Senate Democratic, Democrats, Gallup, Biden, ” Trump, GOP, Republicans, Capitol, CNN Supreme, University of Texas Locations: United States, Panama, Mexico, torpedoing, California, America, Michigan, Ohio

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