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James L. Greenfield, an urbane journalist who covered postwar world affairs for Time magazine, served as a State Department official in the Kennedy and Johnson administrations, and for nearly 25 years was a senior editor of The New York Times, died on Sunday at home in the rural town of Washington, Conn. The cause was kidney failure, his wife, Ene Riisna, said. As a foreign and diplomatic correspondent with an insider’s savvy about the workings of Washington, Mr. Greenfield was well placed for a career that took him from the globe-trotting reporter’s life in Europe and Asia into the company of world leaders as a government spokesman and then to the top echelons of the Times newsroom. A protégé of A.M. Rosenthal, a rising star who later became executive editor, Mr. Greenfield was hired by The Times in 1967 and soon became a focus of controversy through no fault of his own. Seeking to rein in the relative independence of The Times’s Washington bureau, Mr. Rosenthal in 1968 urged the publisher, Arthur O. Sulzberger, to name Mr. Greenfield bureau chief, replacing the popular Tom Wicker, who also wrote a political column.
Persons: James L, Kennedy, Johnson, Ene Riisna, Greenfield, A.M . Rosenthal, Rosenthal, Arthur O, Sulzberger, Tom Wicker Organizations: Time, State Department, The New York Times, Times, The Times Locations: Greenfield, Washington, Conn, Europe, Asia, Times’s Washington
The information for the following product(s) has been collected independently by Business Insider: Capital One Spark 1% Classic†, Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card, FNBO Business Edition® Secured Mastercard® Credit Card, Capital One Spark Cash Select for Excellent Credit†. Introduction to the Capital One Spark 1% ClassicThe Capital One Spark 1% Classic† credit card is designed for small business owners with fair credit who need a business credit card for company purchases, bookkeeping and tax preparation management. Capital One Spark 1% Classic OverviewThe Capital One Spark 1% Classic† could be considered the entry level card in Capital One's line of small business cards, which are all branded with Spark name. Spark vs. QuicksilverMany people online compared the Capital One Spark business cards to the consumer-targeted Capital One Quicksilver cards. Capital One Spark 1% Classic Frequently Asked QuestionsWhat are the main features of the Capital One Spark Classic card?
Persons: Cardholders, it's, cardholders, Redditors, Jason Steele Jason Steele, Jason, Miles, Guy, Read, Angela Fung Organizations: Business, Bank of America Business, Credit, Mastercard, Capital, Accounting, Business Management, Abacus, Travel Insurance, Quicksilver, Chevron, Conference, Credit Card Media, Finance Locations: One's, Xero, Chevron, Denver , Colorado
So some companies are using biotechnology to create viable coffee alternatives. Some use beanless coffee made from other ingredients, while others are developing lab-grown coffee. AdvertisementYour morning cup of joe might be missing a key ingredient in the future: coffee beans. Coffee is so popular around the world that the vast crop requirements are devastating the environment. A handful of them are already using biotechnology and food science to create viable coffee replacements, The Wall Street Journal reported.
Organizations: Street Journal, Business
Mr. Trump’s top lawyer said in response that Mr. Trump was simply defending himself from political attacks. The tabloid discovered that the story was apparently false, but paid $30,000 anyway, “because of the potential embarrassment” it could have caused Mr. Trump, Mr. Pecker said. When he proposed the magazine, Mr. Pecker said, Mr. Trump’s biggest question was, “Who’s going to pay for it?”Trump’s short leash could get shorter. For their part, prosecutors said they were not seeking to jail Mr. Trump, but wanted him to be fined. When Mr. Blanche finished his argument, Mr. Trump immediately beckoned him over before he snatched a piece of paper off the defense table.
Persons: Donald J, Trump, Juan M, Merchan, Trump’s, , Justice Merchan, Todd Blanche, “ you’re, David Pecker, Mr, Stormy Daniels, Daniels, , Pecker, Michael D, Cohen, Marion Curtis, Pecker’s, Trump “ Donald, “ Who’s, Christopher Conroy, Michael Cohen, , ” Mr, Conroy, Blanche, Mark Peterson Organizations: National Enquirer, ” Prosecutors, Republican, Trump, Credit, Associated, Trump Mr Locations: Manhattan, York, Washington, New York
Tuesday’s session of Donald J. Trump’s criminal trial began with a heated clash between Justice Juan M. Merchan and Mr. Trump’s lead lawyer over a gag order. It ended with an insider’s look into a tabloid newspaper practice known as “catch and kill.”Prosecutors said that Mr. Trump had “willfully and blatantly” violated a gag order barring him from attacking jurors and witnesses, among others. They said he had done so in comments outside the courtroom and online and should be found in contempt of court. Mr. Trump’s top lawyer said in response that Mr. Trump was simply defending himself from political attacks. Justice Merchan did not rule, but he scolded the lawyer, Todd Blanche, saying, “you’re losing all credibility with the court.”A former ally of Mr. Trump, David Pecker, the ex-publisher of The National Enquirer, later testified to buying and burying unflattering stories about Mr. Trump during his 2016 run for president, an arrangement he called “highly, highly confidential.”
Persons: Donald J, Juan M, Merchan, Trump’s, , Trump, Justice Merchan, Todd Blanche, “ you’re, David Pecker Organizations: ” Prosecutors, National Enquirer
Introduction to Business Credit Cards for Bad CreditA business credit card can be incredibly convenient for managing your business's financial transactions. Best Business Credit Cards for Bad CreditCapital One Spark 1% Classic† : Best overallBest overall Ramp Visa Corporate Card: Best for business toolsBest for business tools Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card : Best for building business creditBest for building business credit FNBO Business Edition® Secured Mastercard® Credit Card : Best for earning deposit interestBest for earning deposit interest Brex Card: Best for no personal guaranteeBad Credit Business Credit Card ReviewsIf you're considering a business credit card for bad credit, here's what you should know about the business cards that made our list. Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit CardBuilding your business credit is just as important as building your personal credit. Business Credit Cards for Bad Credit Frequently Asked QuestionsSearching for a small business credit card that addresses the needs of your business operations can be daunting. Why You Should Trust Us: How We Chose the Best Business Credit Cards for Bad CreditBusiness Insider's credit card team evaluated several factors to determine our list of best small business credit cards for bad credit.
Persons: we've, Slack, Chase, isn't, you'll, Bradstreet, cardholders Organizations: Business, Bank of America Business, Credit, Mastercard, Capital, American Express, Singapore Airlines, Emirates, Best, Bad Credit, Card, Bank of America, National Bank of Locations: Amex, National Bank of Omaha, Dun
Hong Kong CNN —Chinese runner He Jie’s victory Sunday in the Beijing Half Marathon is facing a probe after his win was called into question by Chinese internet users because a trio of African runners appeared to deliberately slow down to let him win. The Chinese runner crossed the finish line in 1:03:44 to claim the $5,500 first prize, with the African trio just one second behind in joint-second place. The video clip shows the African runners applauding He’s win and patting him on the back, though the Asian Games marathon champion appears less enthused despite winning his first ever competitive half marathon. Some Chinese internet users called for an investigation into the race, while others demanded action from organizers. He is ranked 77th in the world in men’s marathon by World Athletics and is expected to lead the way for Asian runners in the upcoming Paris 2024 Summer Olympics.
Persons: Kenya’s Willy Mnangat, Robert Keter, Ethiopia’s, He’s, patting, , , ” Xstep, It’s, Mark Dreyer, That’s, “ It’s, Jie, ” Dreyer Organizations: Hong Kong CNN, Asian Games, Beijing Municipal Sports Bureau, Chinese Athletics Association, CNN, Sporting, World Athletics Locations: Hong Kong, Beijing, Kenya, Weibo, China’s Ningxia
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Persons: you'll, APRs, Cash, you've, You've, Cardholders, cardholders, They'll Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Bank of America, Cards, Bank Business, American Express, Bank, of America, Rewards, EV, Ink, FDIC, Express, U.S . Bank, Business, U.S, Chase, . Bank, Chevron Locations: Chevron
The information for the following product(s) has been collected independently by Business Insider: Navy Federal Credit Union® Platinum Credit Card, Navy Federal Credit Union® More Rewards American Express® Credit Card, Navy Federal Credit Union® nRewards® Secured Credit Card, Citi® Diamond Preferred® Card, Citi® Diamond Preferred® Card. Navy Federal Credit Union® Platinum Credit Card QualificationsYou'll need to be a Navy Federal Credit Union member to be eligible for the Navy Federal Credit Union® Platinum Credit Card. Navy Federal Credit Union® Platinum Credit Card RewardsThe Navy Federal Credit Union® Platinum Credit Card doesn't earn rewards from spending. Navy Federal Credit Union® More Rewards American Express® Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® More Rewards American Express® Credit Card is designed for consumers with good to excellent credit. Navy Federal Credit Union® nRewards® Secured Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® nRewards® Secured Credit Card is designed for people who want to build or repair their credit, and may be a good option if you can't qualify for a Navy Federal Credit Union® Platinum Credit Card due to low credit.
Persons: Federal nRewards, cardholders, Read, Cardholders, Organizations: Business Insider, Navy Federal Credit, Card, Navy Federal Credit Union, Citi, Federal Credit, Credit, National Guard, Department of Defense, DOD, The Navy Federal Credit, Federal Credit Union, Emergency Assistance Navy Federal Credit, Federal, American, Walmart, Wells, Citi Diamond Preferred, Navy, Navy Federal, of Defense, Business Locations: Wells
NOW PLAYINGHow Street Art Is Gentrifying Neighborhoods1:56An Insider’s History of Guantánamo Prison Camp2:16How a Third-Party Candidate Could Affect the 2024 Vote2:34Our Reporter on the History, and Return, of Private Clubs2:26How Trump Paid $100 Million in Legal Fees3:21‘Hey, Meta, What Am I Looking At?’2:33How a Settlement Could Change the Housing Industry2:27Key Takeaways From Supreme Court Arguments on Abortion Pill Access2:16Behind Our Investigation Into India’s Sugar Industry2:22Our Reporter on the April 8 Total Solar Eclipse2:12Our Reporter on the Actual Costs of Luring Studios2:15
Organizations: Trump, Sugar
New York CNN —Cesar Conde has a decision to make — and it’s not an especially difficult one. The NBCUniversal News Group chair is facing a torrent of backlash from his own staff after greenlighting the hire of former Republican National Committee chair Ronna McDaniel as a paid network contributor. It does not take a brilliant political mind with prescient foresight to understand that hiring McDaniel would ignite a firestorm of outrage — from both within 30 Rock and outside it. After all, which NBC or MSNBC program is going to invite her on after all of this? I asked his spokesperson, Stephen Labaton, on Monday whether the NBCU News Group boss had any comment on the situation.
Persons: Cesar Conde, it’s, Ronna McDaniel, McDaniel, they’re, Chuck Todd, Rachel Maddow, Conde, It’s, Rebecca Blumenstein, Carrie Budoff Brown, Rashida Jones, Donald Trump, Republican Party ”, Tucker Carlson, Candace Owens, Conde —, , Stephen Labaton, Maddow, ” Maddow Organizations: New, New York CNN, NBCUniversal, Republican National Committee, NBC, MSNBC, NBCU, NBCU News, Peacock, Republican, NBC News, RNC, Republican Party, GOP, , Press, Trump, Locations: New York
Connect all your bank accounts, investments accounts, and credit cardsCheck mark icon A check mark. HoneydueHoneydue App Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.75 /5 Fees Free Pros Check mark icon A check mark. Budgeting app for couplesCheck mark icon A check mark. Rocket MoneyRocket Money Get started On Rocket Money's website Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.25 /5 Fees Free to create a budget. Pros Check mark icon A check mark.
Persons: Credit Karma, you've, It's, Couples, There's, YNAB, Zeta Zeta, Zeta, you'll Organizations: Intuit, Credit, Quicken, Apple, Google, PocketGuard, Quicken Simplifi, Zeta Locations: Zeta
Late last month, computing giant Dell cut part of its marketing team that focused on sustainability and other ESG-related marketing roles, Business Insider has learned. This story is available exclusively to Business Insider subscribers. AdvertisementThis is feeding into a growing trend of "green hushing," where companies stop publicizing their sustainability efforts due to concerns around regulatory scrutiny or a consumer backlash, experts say. Other sustainability agencies have been absorbed into wider offerings, R3 EVP of delivery Sarah Tan told Business Insider. Leo Rayman, head of the sustainability consultancy and venture studio Eden Lab, said that the green hushing phenomenon could suggest a sign of maturity in the space.
Persons: we're, Hein Schumacher, hushing, Pimco, , Harriet Kingaby, Sarah Tan, Kingaby, Bud, Bud Light, influencer Dylan Mulvaney, Guy Parker, — that'll, Parker, Leo Rayman, Rayman, Townsend Organizations: Dell, Business, Unilever, JPMorgan, State, ACT Climate Labs, Media, Advertising Network, Brands, Green Guides, Standards Authority, ASA, BMW, Shell, Etihad Airways, Competition, Markets Authority, Eden, Sustainability
At the end of 2022, Tulsa Remote had brought in almost $307 million in direct labor income to the economy, according to Tulsa Remote. For every two Tulsa Remote members who move to the city, three more come with them. But what happens to the rest of the economy when remote workers come to town? Remote workers coming to town benefited high-skilled local service workers — workers who have at least some college education — more, per the research, since they had more variety in local goods to choose from and consume and are making more money. “There are people who definitely get more benefit out of it, like homeowners or the local service sector workers,” Yoo said.
Persons: that's, Hoyoung Yoo, Justin Harlan, Yoo, ” Yoo, That’s, , , Parker Vincent, ” Vincent, There’s, “ I've, Noah Sheidlower, Laura Landers, Harlan, Tulsa Remoters, , didn't, ” Harlan, Vincent, Organizations: Tulsa Remote, Tulsa, Brookings, of Economics, University of Wisconsin Locations: Tulsa , Oklahoma, Tulsa, Madison, , Los Angeles,
In today’s big story, we’re looking at the chances of there being no rate cuts this year, and how the markets would react. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyCuts are canceledAaron Schwartz/Xinhua via Getty ImagesDon't count your chickens before they hatch and don't price in your rate cuts before they materialize. Last December, Fed Chair Jerome Powell signaled that three cuts were on the table for 2024, which he reiterated earlier this month. AdvertisementBonds could struggle, though, with further delays on rate cuts raising the risk that debt markets suffer another meltdown like they did last fall.
Persons: , Mark Zuckerberg, Aaron Schwartz, , won’t, Jerome Powell, Phil Rosen, There's, BI’s Yuheng Zhan, NYCB’s, Ark's Cathie Wood, Paul Judge, Tessa Flippin, Claude Grunitzky, Gayle Jennings O'Byrne, Black VCs, Masayoshi Son, OpenAI’s, Jenny Chang, Rodriguez, Vladimir Putin, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, UFC, Business, Xinhua, Getty, Federal, Paramount, Fed, Big Tech, JPMorgan Private Bank, Discover, Discover Financial, Nvidia, Opportunity, Equity Alliance, Wocstar Fund, Opportunity Fund, Equity Alliance Wocstar, Google, Walmart, Pandora, Home Locations: Japan, Ukraine, Moscow, Russia, Fox, New York, London, Chicago
Target fired me after I allowed one of my baristas to buy a Stanley x Starbucks cupI never even bought a Stanley cup for myself — I hate the cups if we're being honest. Getting fired emotionally destroyed me because I'd spent the past eight months putting all of my time and energy basically rebuilding the store’s entire Starbucks team. I would go on Indeed.com and apply for every single job that I qualify for — and jobs I was overqualified for. Now I'm going to look at every single job as a means to an end. I'm going to make sure I read every single page of that employee handbook, and if there's something I don't understand, I'm going to get clarification on it.
Persons: Nikcole Smith, I'd, I’ve, Burger King, I’d, I've, I'm, they've Organizations: Starbucks, Target, Stanley, Business, Medicaid, Walgreens Locations: Baltimore , Maryland, Indeed.com, Burger
Though Ozzy Osbourne left Black Sabbath in 1979, his wife, Sharon Osbourne, told Billboard any songs the band wrote — Osbourne, Tony Iommi, Geezer Butler, and Bill Ward — require the approval of all four members to license. Regardless of the social media feud, legal experts say if true, the unauthorized use of the samples would be a “clear-cut” case of copyright infringement. He didn't dispute it,” entertainment attorney Donald M. Woodard of Carter and Woodard told Business Insider. AdvertisementOsbourne's recent objection to West's sample would be considered a new copyright claim, as the license for use does not permit West to sample the song in perpetuity. In 2022, Chicago artist Marshall Jefferson accused the rapper of using his song “Move Your Body” in the West song “Flowers” without permission.
Persons: , Ty Dolla, West —, Ye —, Ozzy Osbourne, Donna Summer, West …, Donna Summer's, , Osbourne, West swiped, Ye, Kanye, Hitler West, he'd, Instagram, Alex Jones, Hitler, Sharon Osbourne, — Osbourne, Tony Iommi, Geezer Butler, Bill Ward —, Rolling Stone, FUGA, Tyrone William Griffin Jr, — hasn't, Sharon, Bianca Censori —, Ozzy, who's, I've, Donald M, Woodard of Carter, Woodard, West, ” Woodard, , Robert Freund, Freund, Marshall Jefferson, Griffin Organizations: Service, ign, Business, Billboard, West, iTunes, Apple Music, FUGA, Spotify, Amazon Music, Daily Mail, Kanye Locations: Chicago
Read previewThe Xbox Series S is on sale for cheaper than it was on Black Friday after reports Microsoft would share Xbox exclusives with other gaming platforms. The Xbox Series S, which normally retails at $299, is on sale at Target for $219, or about $80 off. The Series S is already the budget version of the current console, selling at a retail price of $200 cheaper than the Xbox Series X, which boasts higher-level graphics performance and more storage. The deal clocks in even lower than the lowest Black Friday deal for the console, which saw them going for $229.99 on sale at Dell, according to IGN. Sony has sold more than 50 million PlayStation 5 consoles since its release in November 2020, while the Xbox Series S and Series X have sold about 21 million units, IGN reported .
Persons: , Peter Kafka Organizations: Service, Microsoft, Target, Business, Dell, IGN, Xbox, Sony, Financial Times, PlayStation, Nintendo, Activision Blizzard, Netflix
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.
Persons: , I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London
Read previewFormer Fox News personality Tucker Carlson is posting videos of himself experiencing various aspects of daily life in Moscow — and a moment involving Russian shopping carts has led to him being roasted on social media. AdvertisementTucker is excited that the Russians have figured out a way to keep homeless people from taking shopping carts. Although the shopping cart locks in Carlson’s video are far more widespread in Europe, they’re also a common sight at German-owned Aldi’s US stores. AdvertisementAn Aldi shopping cart in New York City. The shopping cart at the grocery store I go to allows me to scan items as I put them in the cart while shopping," X user EgilsRobs wrote.
Persons: , Tucker Carlson, Vladimir Putin, Carlson, , ” Carlson, Tucker, R5pJSDEDsf, Ron Filipkowski, “ He’s, @Brandon_Newton1, they’re, Talia Lakritz, George Herbert Walker Bush, EgilsRobs Organizations: Service, Fox News, Business, Critics, Aldi, Walmart, Costco Locations: Moscow —, Europe, New York City, Russian, American, Canada, Australia, Russia, America, Moscow
To earn interest on Cash App Savings, you must be at least age 18, have a Cash App personal account, and own a Cash App Card. How Cash App Savings worksYou'll need at least $1 to open Cash App Savings. Cash App Savings FAQsDoes Cash App Savings have interest? Yes, Cash App Savings now pays up to 4.50% APY if you're at least 18 and have a Cash App Card. Money in Cash App Savings is safe if you have a Cash App Card.
Persons: you'll, Cash, There's Organizations: Savings, Cash, FDIC, Wells Fargo Bank, Wells, Milli Bank, First National Bank of, Western Alliance Bank, Western Alliance, Yield, . Western Alliance, BrioDirect, Webster Bank, BrioDirect Savings, Banking, Flagstar Bank Locations: Wells Fargo, First National Bank of Omaha
Amazon Business Prime Card OverviewThe Amazon Business Prime Card is ideal for business owners who frequently make Amazon or Whole Foods purchases and already have a Business Prime membership. Amazon Business Prime Card RewardsWelcome OfferNew Amazon Business Prime Card cardholders receive a $125 Amazon Gift Card upon approval, equivalent to the 5% rewards you'd earn from spending $2,500 in eligible Amazon purchases. Amazon Business Prime Card Benefits and FeaturesThe Amazon Business Prime Card includes a number of tools designed to simplify small business management. Amazon Business Prime Card Annual Fee and Other CostsThe Amazon Business Prime Card card doesn't have an annual fee, but you need a personal or business Amazon Prime membership to be approved. When looking at the Amazon Business Prime Card, we considered several criteria including:Rewards — The Amazon Business Prime Card earns 5% back on eligible Amazon Purchases.
Persons: cardholders, Amex, You'll, Finance Insider's, it's Organizations: Business, Amazon, Prime, Amazon Business, Foods, Business Prime American Express, Amazon Business Prime Card, Amazon Business American, Business Prime Card, Web Services, Amazon Business Prime, American, QuickBooks, Business Prime, Finance, Chase, Amazon Prime
Read previewThe operator of dating platforms Tinder, Hinge, and OkCupid is being sued over claims it makes its apps addictive and puts profit over love. Match Group did not immediately reply to Business Insider’s request for comments. Speaking to the outlet, a spokesperson for Match Group denied the allegations, saying the case was "ridiculous and has zero merit." Match Group owns the largest global portfolio of popular online dating services, including Tinder, Match.com, OkCupid, Hinge, Plenty of Fish, OurTime, and other dating brands, per its website . The group has hundreds of millions of reported users across its platforms, per its latest business overview, published in August 2023.
Persons: Organizations: Service, Court, Northern, Northern District of, Business, NPR, Match Group Locations: Northern District, Northern District of California
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today’s big story, we’re looking at Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.
Persons: , Denny's, customizations, Hugh Langley, Tom Cruise’s copilot, Alistair Barr, Tyler Lee, , Bryan R, Smith, Wall, Gary Gensler, We’re, Société, Elad Gil, Gil, ChatGPT, it’s, Uber, Nomura, Young homebuyers, Meredith Whitney, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, CBS, Getty, Microsoft, OpenAI, Tech, Google, Big Tech, Fed, UBS, SEC, Silicon Valley’s, BI, Xbox, Dragon, Workers, Wall Locations: China, New York, London
In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.
Persons: , Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London
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