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☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ Opinion: What I noticed immediately about King Charles’ portrait
▼ + stars: | 2024-05-18 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

CNN —King Charles III’s first official portrait was unveiled this week, and I’m sure his majesty would agree it’s a stirring sight. Unfortunately for Yeo, Charles and the butterfly, nothing about the portrait has garnered nearly so much comment as its dominant color. Besides these ceremonial outings, Charles has recently been less prominent in British public life than ever, particularly following the announcement in February of his cancer diagnosis. Charles’ private wealth dwarfs that of any other member of his family. Join us on Twitter and FacebookIn the last 10 years alone, that system has reportedly made King Charles more than £60 million ($76 million) richer.

Persons: Holly Thomas, Katie Couric, CNN — King Charles III’s, I’m, Jonathan Yeo, Charles, Holly Thomas Holly Thomas Yeo, Charles ’, Yeo, ” Yeo, King, “, He’s, I’ve, ”, Queen Elizabeth II’s, Rishi Sunak’s, Tina Brown, Prince of Wales, Buckingham, Lancaster, King Charles, Queen Camilla, you’ve Organizations: Katie Couric Media, CNN, Royal, Guardian, Twitter, Facebook Locations: London, Iraq, Rwanda, Duchy, Cornwall, Lancaster

☆ Simone Biles begins road to Paris 2024 Olympics at Core Hydration Classic
▼ + stars: | 2024-05-18 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —The 2024 Paris Olympics are creeping ever closer and for female US gymnasts, including global superstar Simone Biles, the Core Hydration Classic on Saturday represents the first step towards qualifying for the Summer Games. Gabby Douglas is attempting to qualify for the Paris Olympics after eight years away from competition. Alex Livesey/Getty ImagesNow, Biles begins the qualifying road to Paris at the Core Hydration Classic. ET on Saturday May 18, alongside other gymnasts who have competed at the Olympics or World Championships. Fans can watch the first senior session live on the USA Gymnastics YouTube channel, before the second session – featuring Biles, Douglas and Lee – begins on CNBC and Peacock.

Persons: Simone Biles, Gabby Douglas, Sunisa Lee –, –, Biles, Douglas, Lee, Vitaly Scherbo’s, Alex Livesey, Sunisa Lee, Andy Lyons, Jade Carey, Shilese Jones, Lee –, Peacock Organizations: CNN, Summer, Paris, Tokyo, Games, Olympics, Paris Olympics, Olympic, US, NBC News, Getty, Reuters, Pan American, Tokyo Olympic, USA, YouTube, CNBC, NBC Locations: Paris, Hartford , Connecticut, Tokyo, Biles, Douglas

☆ US assesses Israel has amassed enough troops to launch full-scale incursion into Rafah, officials say
▼ + stars: | 2024-05-13 | by ( Mj Lee | Kylie Atwood | ) edition.cnn.com time to read: +5 min

If Israel were to proceed with a major ground operation into Rafah, it would be going against months of warnings from the US to forego a full-scale offensive into the densely populated city. Going “headlong into Rafah” could have dire consequences, Secretary of State Antony Blinken warned on Sunday. “They couldn’t launch an attack of that scale today.”“Their weapons production factories underground have been eliminated. However, the Biden administration has been ramping up the pressure on Israel to start focusing much more in earnest on post-war Gaza plans – so far, to little effect. Blinken publicly called on Israel to engage more seriously on developing a plan for post-war Gaza over the weekend.

Persons: CNN —, Biden, Joe Biden, CNN’s Erin Burnett, Jake Sullivan, Kurt Campbell, ” Campbell, Benjamin Netanyahu’s, ”, Antony Blinken, “ Israel’s, ” Blinken, Israel, Matt Miller, “, Yahya Sinwar, Blinken, “ We’ve Organizations: CNN, Israel, White, State, NATO Youth Summit, Aspen Institute, Press, Hamas, CBS Locations: Rafah, Gaza, Israel

☆ Networks Covering Trump’s Trial: No Courtroom Scenes, but Look at the Text on Our Screen
▼ + stars: | 2024-04-22 | by ( John Koblin | ) www.nytimes.com time to read: +1 min

A little after 10:30 a.m., just as a prosecutor began delivering his opening statement in Donald J. Trump’s Manhattan criminal trial, CNN’s chief legal correspondent, Paula Reid, had a live on-air update. “We’re learning that Trump is sitting back in his chair,” Ms. Reid said, “and not even looking at the prosecutor as he speaks.”This could make for a compelling visual, if only viewers could see Mr. Trump. Instead, CNN viewers saw Ms. Reid sitting on a blustery balcony somewhere outside the courthouse alongside the prime-time anchors Anderson Cooper and Kaitlan Collins. Together they tried to navigate a challenging assignment: how to cover a historic trial when network cameras aren’t allowed inside? Mr. Trump’s trial began in earnest on Monday, a remarkable event when a former president was being tried in a criminal case — and where television cameras are banned, forcing members of the TV and news media to figure out creative approaches to in-the-moment coverage.

Persons: Donald J, Paula Reid, Trump, ” Ms, Reid, Anderson Cooper, Kaitlan Collins, Trump’s Organizations: CNN

☆ Tracing the Trail of Hush-Money Deals That Led to Trump’s Prosecution
▼ + stars: | 2024-04-21 | by ( Michael Rothfeld | ) www.nytimes.com time to read: +1 min

Donald J. Trump and two confidants hatched a plan in August 2015 to boost his upstart presidential campaign, prosecutors say. They carried it out, and Mr. Trump won the election. Nearly nine years later, Mr. Trump will face the same men, Michael Cohen and David Pecker. Mr. Trump is charged in a 34-count indictment with falsifying business records to cover up a $130,000 hush-money payment to a former porn star in order to influence the 2016 election. Mr. Cohen paid the woman, Stormy Daniels, less than two weeks before the election to keep silent about her claim that she had sex with Mr. Trump a decade before.

Persons: Donald J, Trump, Michael Cohen, David Pecker, won’t, Trump’s, Cohen, Stormy Daniels Organizations: Trump Locations: Lower Manhattan

☆ Hot inflation and high estimates could ruin the Q1 earnings season. Why investment chiefs are increasingly worried — and the bull case that profits are still underestimated.
▼ + stars: | 2024-04-12 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Without strong profit progress in the Q1 earnings season starting in mid-April, US stocks may surrender their 8.2% year-to-date gain. Loftier estimates, top-heavy earnings are reasons for worryFirms have a rather low bar to clear in the upcoming earnings season, as is often the case. The market's largest companies are disproportionately driving earnings growth in addition to stock returns, Goldman Sachs found. The Q1 earnings season begins in earnest on Friday as big banks share results. Early reporters have beaten earnings estimates by 13.5%, Golub wrote, which he added is more than double the typical rate.

Persons: Richard Saperstein, James Ragan, David Kostin, Goldman Sachs, Kostin, Anthony Saglimbene, Ameriprise, we're, Saglimbene, Arun Bharath, Bharath, Jonathan Golub, Golub, they're Organizations: Federal Reserve, Business, Treasury Partners, DA Davidson, Nvidia, Big Tech, Bel Air Investment Advisors, UBS, Institute for Supply Management Locations: America

☆ Visits from Japanese and Filipino leaders highlight Biden’s efforts to blunt China’s aggression
▼ + stars: | 2024-04-09 | by ( Arlette Saenz | Kayla Tausche | ) edition.cnn.com time to read: +12 min

Biden’s week also includes an official visit for Japanese Prime Minister Kishida Fumio, reinforcing his commitment to cultivating partnerships in the Indo-Pacific in the face of China’s rising economic and military power. The historic leaders summit on Thursday between Biden, Kishida and Filipino President Ferdinand Marcos is expected to produce announcements relating to infrastructure, energy security, digital connectivity and maritime security. Meanwhile, Japan has recently loosened restrictions on the export of military technology – paving the way for deeper collaboration with like-minded allies. The first virtual meeting with the four leaders took place in March 2021 with subsequent in-person summits in the years that followed. Biden and his team also have sought to draw in smaller regional neighbors concerned about China’s military and economic aggression.

Persons: Joe Biden, Kishida, Biden, Jake Sullivan, “, Jill Biden, Kishida Yuko, They’re, Ferdinand Marcos, Marcos, ” Sullivan, ”, John Neuffer, ” Biden, ” Rahm Emanuel, Sullivan, zeroed, Japan’s, Yoshihide Suga, Korea’s, Moon Jae, Yoon Suk Yeol, Rodrigo Duterte, Donald Trump, ” Kishida Organizations: Washington CNN, Japanese, CNN, Biden White House, Australia, US Steel, APEC, Washington, Semiconductor Industry Association, Clark Air Base, Subic Naval Base, American, White, Kishida, White House, Pacific, PBS Locations: Japan, Philippines, North Korea, Ukraine, Gaza, India, South Korea, China, Manila, ’, lockstep, Netherlands, Taiwan, Beijing, Thursday’s, US, Australia, South China, South, Russia, Kishida, United States, Tokyo, Seoul, David, United Kingdom, Washington, Vietnam, U.S

☆ Supreme Court lets West Point continue considering race as part of admissions
▼ + stars: | 2024-02-02 | by ( Devan Cole | ) edition.cnn.com time to read: +6 min

Washington CNN —The Supreme Court said Friday that the United States Military Academy at West Point can continue considering race as a factor in its admissions process while a legal challenge to the practice plays out. Last week, SFFA asked the high court to step in on an emergency basis to block West Point from considering race in its admissions process as the litigation unfolds. “For now, the only question is what should happen as this case proceeds – who should bear the burden of the status quo,” attorneys for SFFA told the Supreme Court. “Every year this case languishes in discovery, trial, or appeals, West Point will label and sort thousands more applicants based on their skin color – including the class of 2028, which West Point will start choosing in earnest once the application deadline closes on January 31. Or should West Point bear the burden of temporarily complying with the Constitution’s command of racial equality?” they added in part.

Persons: SFFA, Biden, “, midstream, Elizabeth Prelogar, Prelogar, ”, Philip M, Halpern, it’s, ’, Court’s, John Roberts, Richard Bennett, CNN’s Jamiel Lynch Organizations: Washington CNN, United States Military Academy, Fair, Harvard, University of North, US Naval Academy, Supreme, “, Army, West, Naval Academy Locations: University of North Carolina, “, New York, West, Maryland

☆ Why Princess Poppy was dressed as a green troll at the Emmy Awards
▼ + stars: | 2024-01-16 | by ( Aj Willingham | ) edition.cnn.com time to read: +3 min

There are looks, there are looks, and then there’s whatever Princess Poppy was serving at the 2024 Emmy Awards. RuPaul took the moment to advocate for LGBTQ rights in a speech so earnest one hardly noticed the green troll standing in the background. As for Princess Poppy, she’s had a mixed relationship with fame since being voted off Season 15 of the show last year. “I’m obsessed with Princess Poppy,” one X user said alongside a video of the drag queen dancing in full troll look during the event. “Princess Poppy you will always be famous,” one fan wrote.

Persons: Poppy, Don’t, Li Shen Ooi, Bryn, “, ”, Sasha Colby, Malaysia Babydoll Foxx, Irene Dubois, Robin Fierce, Jax, Marcia Marcia Marcia, Aura Mayari, Salina EsTitties, Neilson Barnard, RuPaul, Princess Poppy, she’s, wasn’t, didn’t, “ I’m Organizations: Entertainment, Los Angeles Times, Times, Getty, CNN Locations: Spice, Sugar, Malaysia, Salina

☆ Big media rallies as tentative actors' deal paves way for restarting productions
▼ + stars: | 2023-11-09 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) gained 3% each, Netflix (NFLX.O) rose marginally, while Walt Disney (DIS.N) jumped 4%, as it also benefited from strong earnings and a plan to cut more costs. The writers, who had gone on strike before the actors in spring, returned to work in late September, but most productions remained halted as the actors were on picket lines. "Its certainly a very encouraging sign the chasm that opened up between actors, writers and studios can finally be closed and work begin in earnest on re-starting productions," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Streeter warned that "it's going to take considerable time before new movies, in particular, will appear on screens given the lengthy post-production process." Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Streeter, Samrhitha, Shinjini Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Paramount Global, Netflix, SAG, Hargreaves, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Hollywood, Bengaluru

☆ Tesla's Cybertruck is still MIA
▼ + stars: | 2023-10-02 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Details on Tesla's futuristic-looking Cybertruck are still sparse. AdvertisementAdvertisementThe Tesla Cybertruck still hasn't officially launched yet, missing CEO Elon Musk's third-quarter target. Details on the Cybertruck are still sparseSome Cybertruck order-holders have told Insider that they are concerned about how few details Tesla has shared with them on the Cybertruck. And this isn't just any Tesla vehicle launch: it's Tesla's entrance into the highly-competitive pickup truck market, where specs and prices are closely followed by shoppers. Tesla hasn't set a date for the Cybertruck launch partyIn late August, Tesla said customers could buy invitations to a Cybertruck delivery event using 30,000 referral credits, which owners accrue through Tesla purchases.

Persons: Elon Musk, —, hasn't, Elon Musk's, Tesla, Musk, Sam Fiorani, Fiorani, Ford Organizations: Service, Industry, AutoForecast Solutions, General Motors, Toyota

☆ 11 Things You Forgot About the 2023 N.F.L. Season
▼ + stars: | 2023-09-10 | by ( Jenny Vrentas | More About Jenny Vrentas | ) www.nytimes.com time to read: +1 min

off-season has gotten shorter since the regular season was extended to 17 games, and it certainly feels shorter, too, given that once-mundane calendar entries, such as the start of off-season workouts, are now treated like red-carpet events. Yet the down time between last season and this one is still long enough that impactful free-agent signings, un-retirements and rules changes made months ago have receded to the background. happenings to keep in mind as the regular season begins in earnest on Sunday. Eight months after Hamlin, a Buffalo Bills safety, went into cardiac arrest during a “Monday Night Football” game, he made the team’s 53-man roster and will backup starters Micah Hyde and Jordan Poyer. Buffalo’s Week 1 game is a return to “Monday Night Football,” against the Jets in East Rutherford, N.J.

Persons: Damar Hamlin, Hamlin, Micah Hyde, Jordan Poyer, “, ” Hamlin, he’s Organizations: Buffalo Bills, Bengals, Jets Locations: Cincinnati, Buffalo, East Rutherford, N.J

☆ 3 signs the Tesla Cybertruck could be delayed yet again
▼ + stars: | 2023-09-06 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

But some signs are bubbling up that yet another delay could be in store for the trapezoidal truck. Here are three signs the Cybertruck could be delayed yet again:Musk is making new demands about the truck's appearanceIn a leaked internal email last month, Musk told Tesla employees that the Cybertruck needs to be "designed and built to sub 10 micron accuracy." AdvertisementAdvertisementDetails on the Cybertruck are still sparseSome Cybertruck order-holders have told Insider that they are concerned about how few details Tesla has shared with them on the Cybertruck. And this isn't just any Tesla vehicle launch: it's Tesla's entrance into the highly-competitive pickup truck market, where specs and prices are closely followed by shoppers. AdvertisementAdvertisementTesla hasn't set a date for the Cybertruck launch partyLate last month, Tesla said customers could buy invitations to a Cybertruck delivery event using 30,000 referral credits, which owners accrue through Tesla purchases.

Persons: Elon Musk, Musk, Tesla, Sam Fiorani, Fiorani, Ford Organizations: Service, Industry, AutoForecast Solutions, General Motors, Toyota Locations: Wall, Silicon

☆ The science you should understand before seeing 'Oppenheimer'
▼ + stars: | 2023-07-22 | by ( Katie Hawkinson | Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Fission vs. fusionWhile fission and fusion are both key components of nuclear technology, the two processes are very different — and central to the plot of "Oppenheimer." The hydrogen bomb — promoted by Lewis Strauss, a member of the US Atomic Energy Commission — relies on fusion, making it far more powerful than the atomic bomb. Oppenheimer led a group of physicists who advocated for the United States to export radioactive isotopes to researchers abroad. However, Strauss pushed back while serving as chair of the US Atomic Energy Commission, advocating for a US monopoly on the materials. He argued that exporting them would be the equivalent of sharing nuclear information, an act forbidden by the 1946 Atomic Energy Act.

Persons: Christopher Nolan's, Oppenheimer, —, Earnest O, Lawrence, Radiochemists Otto Hahn, Fritz Strassman, Lise Meitner, Lewis Strauss, Strauss Organizations: Manhattan, Service, US Atomic Energy, US Atomic Energy Commission, 1946, Energy Locations: Wall, Silicon, Berlin, United States

☆ Prosecutors and Trump Lawyers Meet in Court in Classified Documents Case
▼ + stars: | 2023-07-18 | by ( Alan Feuer | More About Alan Feuer | ) www.nytimes.com time to read: +2 min

The timing of the trial could be hugely consequential, especially if it is pushed after the 2024 election. If Mr. Trump, the current front-runner for the Republican nomination, were to win, he could try to pardon himself after taking office or could have his attorney general simply dismiss the matter entirely. In an order issued on Monday, Judge Cannon told both sides that they should be prepared to discuss the trial schedule in court on Tuesday. While Judge Cannon was randomly assigned to the case, she has attracted much attention with rulings that were favorable to Mr. Trump in the opening stage of the investigation. Shortly after the indictment was returned, Judge Cannon scheduled the trial to begin in August — though that appeared to be a pro forma date guided by a desire to meet requirements for a speedy trial.

Persons: Trump, Judge Cannon, Nauta Organizations: Republican, Mr, Prosecutors

☆ Morning Bid: Banks lob earnings into giddy markets
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +4 min

But there's likely to be a scattering of the herd in terms of performance during that three months. For universal banks such as JPMorgan and Wells Fargo that serve retail consumers and firms, earnings per share are expected to have jumped more than 40% over the previous year. Overall, the U.S. earnings season is expected to show S&P500 profits down 6.4% from the same period a year earlier - with revenue down a more modest 0.8%, according to Refinitiv research. Stock markets around the world and S&P500 futures held most of their outsize weekly gains, however, and were mostly flat into the open. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Wells, behemoths Goldman Sachs, Morgan Stanley, Christopher Waller, that's, Toby Chopra Organizations: Federal Reserve, JPMorgan, Citigroup, Bank, Export, Stock, Nasdaq, Bank of Japan, University of Michigan, European Union, Brussels Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Wells Fargo, BlackRock, China, Brussels

☆ Stream These 8 Movies Before They Leave Netflix in July
▼ + stars: | 2023-06-30 | by ( Jason Bailey | ) www.nytimes.com time to read: +4 min

‘Julie & Julia’ (July 31)Julia Child was an easy figure to impersonate but perhaps not so simple to inhabit. The film focuses on Gardner’s period of homelessness and the sacrifices he made while completing an unpaid internship at a prestigious firm. It’s a formulaic piece of work but a nevertheless affecting one. ‘Stepmom’ (July 31)The “Home Alone” director Chris Columbus continued the softening of his touch that began with “Mrs. Julia Roberts plays the title character, a fashion photographer who is dating, and then marries, a much older, divorced father (Ed Harris).

Persons: ‘ Julie, Julia ’, Julia Child, Meryl Streep, Julie Powell, Amy Adams, Nora Ephron, Stanley Tucci, Chris Messina, Happyness ’, Gabriele Muccino, Chris Gardner, Oscar, Will Smith, Gardner, Jaden, Skyfall ’, Daniel Craig, James Bond, “ Bourne, Sam Mendes, Roger Deakins, Thomas Newman, Javier Bardem, Stepmom ’, Chris Columbus, “ Mrs, Doubtfire ”, Julia Roberts, Ed Harris, Susan Sarandon, —, It’s, ’, Kate Beckinsale Organizations: “

WASHINGTON, May 27 (Reuters) - U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate. Biden and McCarthy held a 90-minute phone call earlier on Saturday evening to discuss the deal, McCarthy briefed his members later in the evening, and the White House and the House leader spoke afterward. [1/6] General view of the U.S. Capitol after U.S. House Speaker Kevin McCarthy (R-CA) reached a tentative deal with President Joe Biden to raise the United States' debt ceiling and avoid a catastrophic default, in Washington, U.S. May 27, 2023. The long standoff on raising the debt ceiling spooked financial markets, weighing on stocks and forcing the United States to pay record-high interest rates in some bond sales. The work to raise the debt ceiling is far from done.

☆ Biden and McCarthy reportedly have agreed to debt ceiling deal
▼ + stars: | 2023-05-27 | by ( ) www.cnbc.com time to read: +4 min

Speaker of the House Kevin McCarthy, R-Calif., talks with reporters about the debt ceiling negotiations in the U.S. Capitol's Statuary Hall on Wednesday, May 24, 2023. U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, Punchbowl News reported on Saturday. "House Republicans have an agreement in principle with the White House on a debt-limit deal. Exact details of the final deal were not immediately available, but negotiators have agreed to cap non-defense discretionary spending at 2023 levels for two years, in exchange for a debt ceiling increase over a similar period, sources told Reuters earlier. McCarthy has vowed to give House members 72 hours to read the legislation before bringing it to the floor for a vote.

Persons: Kevin McCarthy, Joe Biden, Biden, McCarthy Organizations: Punchbowl News, Republicans, White, Twitter, Treasury Department, Internal Revenue Service, Reuters, Democratic, Republican, Congress, Democrat Locations: U.S, United States, Washington

☆ Special forces swiftly evacuate US embassy staff from Sudan
▼ + stars: | 2023-04-23 | by ( ) www.cnbc.com time to read: +5 min

Smoke rises during clashes between the Sudanese Armed Forces and the paramilitary Rapid Support Forces (RSF) in Khartoum, Sudan on April 19, 2023. U.S. special operations forces carried out a precarious evacuation of the American embassy in warring Sudan on Sunday, sweeping in and out of the capital, Khartoum, with helicopters on the ground for less than an hour. However, John Bass, a U.S. undersecretary of state, denied claims by one faction, Sudan's paramilitary Rapid Support Forces, that it assisted in the U.S. evacuation. Biden had ordered American troops to evacuate embassy personnel after receiving a recommendation from his national security team, with no end in sight to the fighting. The U.S. evacuation planning for American employees of the embassy got underway in earnest on Monday after the embassy convoy was attacked in Khartoum.

☆ Dollar, stocks slip after Fed minutes spur recession fears
▼ + stars: | 2023-04-12 | by ( Herbert Lash | ) www.reuters.com time to read: +6 min

Fed staff assessing the potential fallout of banking stress projected a "mild recession" later this year. But the minutes showed policymakers ultimately agreed to higher interest rates as data at the time showed few signs of inflation pressures abating. Money markets initially trimmed expectations for a Fed rate hike in May, pricing in a 65.2% chance of a 25-basis-point move, CME Group's FedWatch Tool showed. MSCI's gauge of stocks across the globe (.MIWD00000PUS) closed down 0.08%, while the pan-European STOXX 600 index (.STOXX) rose 0.13%. The dollar fell with an index measuring the U.S. currency against six peers down 0.558%.

However, the major benchmarks shed gains quickly, briefly turning lower, as investors focused on underlying inflation pressures which rose in line with economists' estimates. US inflation, Fed rates and MarketsRichmond Fed President Thomas Barkin also poured cold water on market optimism after flagging that there was still time before inflation falls back to the Fed's 2% goal. San Francisco Fed President Mary Daly said there was "more work to do" on Fed rate hikes. Among the 11 major S&P sectors, consumer discretionary (.SPLRCD) was the worst hit, while materials (.SPLRC) and healthcare (.SPXHC) were the top gainers. Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis. "We are finally starting to see the cumulative effects of the relentless rate hikes," said Peter Andersen, founder at Andersen Capital Management. US inflation, Fed rates and marketsMinutes from the U.S. central bank's policy meeting in March will also be watched closely by investors later in the day for further clues on the trajectory of interest rates. The Fed raised rates by 25 bps last month and signaled it was on the verge of pausing further rate hikes. ET, Dow e-minis were up 220 points, or 0.65%, S&P 500 e-minis were up 33 points, or 0.80%, and Nasdaq 100 e-minis were up 130 points, or 0.99%.

☆ Futures edge higher ahead of inflation data
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Futures up: Dow 0.19%, S&P 0.13%, Nasdaq 0.06%April 12 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors awaited key inflation data and minutes from the Federal Reserve's policy meeting for clues on whether U.S. interest rates are near their peak. The Labor Department data, which will be published at 8:30 a.m. US inflation, Fed rates and marketsMinutes from the U.S. central bank's policy meeting in March will be watched closely by investors later in the day for fresh clues on the trajectory of interest rates. The Fed in March raised rates by 25 bps and signaled it was on the verge of pausing further rate hikes. ET, Dow e-minis were up 64 points, or 0.19%, S&P 500 e-minis were up 5.25 points, or 0.13%, and Nasdaq 100 e-minis were up 8 points, or 0.06%.

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