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US stocks traded lower as investors waited for Nvidia's first-quarter earnings report after the close. Investors also took in comments from Fed officials, which suggested rate cuts weren't imminent. AdvertisementUS stocks slid lower on Wednesday as traders took looked ahead to Nvidia's highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. All three benchmark indexes traded lower, while bond yields ticked higher. Markets have been dialing back their expectations for Fed rate cuts all year.
Persons: Nvidia's, , Susan Collins, Loretta Mester Organizations: Investors, Service, Federal Reserve, Treasury, Nvidia, Bloomberg, Boston, Cleveland Fed, Fed, Here's
Live Updates: Inflation Expected to Cool Slightly
  + stars: | 2024-05-15 | by ( Ben Casselman | ) www.nytimes.com   time to read: +9 min
Housing Inflation Remains Stubbornly High Economists had expected two measures of rental inflation to fade in 2023 and 2024, but that process is taking time to play out. There are two main measures of inflation in America, the Consumer Price Index and the Personal Consumption Expenditures index. Consumer Price Index Inflation Remains Hotter The Consumer Price Index is climbing faster than the Personal Consumption Expenditures index, in large part because it weights housing more heavily. With housing, Consumer Price Index inflation totaled 3.5 percent in March. But the convergence between new and existing rent inflation is taking a lot longer than expected.
Persons: There’s, “ It’s, , Mark Zandi, Biden, Zandi, grousing, , O.E.R, We’re, would’ve, Mark Franceski, I’ve, Ernie Tedeschi, Tedeschi Organizations: New York Times, Federal Reserve, Index, Housing, Zelman, Associates, White House Council, Economic Advisers Locations: America, bam, Europe
The selloff in Walt Disney shares after the release of its latest earnings on Tuesday was "overdone," according to Barclays, which is bullish on the company's streaming results. Shares tumbled nearly 10% Tuesday after Disney missed revenue estimates for a fourth quarter in a row. DIS 1Y mountain Disney shares over the past 12 months. He said he is optimistic about Disney's streaming segment results. Down the line, Disney's streaming margins could potentially top those of Netflix, he added.
Persons: Kannan Venkateshwar, Venkateshwar, — CNBC's Michael Bloom Organizations: Walt Disney, Barclays, Disney, DIS, Netflix, Comcast, Hulu Locations: India
Oil prices fell as reports on Monday indicated that Israel and Hamas could engage in cease-fire talks this week. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOil prices dropped Monday with energy markets eyeing fading geopolitical risks as Israel and Hamas reportedly move toward cease-fire talks. Cease-fire discussions could begin as soon as Tuesday if both parties agree to meet Cairo, the report said. Analysts say they see as much as a 20% surge for stocks in the sector as conflict and supply disruptions keep prices elevated.
Persons: Antony Blinken, , Brent, Israel, David Rosenberg Organizations: Service, Hamas, West Texas Intermediate, The New York Times, United, Reuters, Bank Locations: Israel, Cairo, United States, Saudi Arabia, Rafah, Russia, Ukraine, OPEC
A bill aimed at banning TikTok in the US could be signed into law as early as this week. AdvertisementThe US House of Representatives passed a so-called TikTok ban bill on Saturday. Combining all three things means the TikTok bill will likely be approved as part of the package deal. AdvertisementSo you're saying ByteDance really has a year to sell TikTok to a different owner? For reference: In May 2023, Montana lawmakers passed their own TikTok ban bill; in November of that year, a federal judge blocked the measure.
Persons: , Will TikTok, Joe Biden, TikTok, Biden, there's, ByteDance, Steve Mnuchin, Trump, Mnuchin, doesn't Organizations: Service, US, Google, Apple Locations: TikTok's China, TikTok, Ukraine, Israel, Montana, China
Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. CNN —King Charles III is opening the doors of Balmoral Castle this summer for the most intimate tours ever permitted around the British royal family’s much-loved private Scottish home. The original property was deemed too small for the royal family so another, more substantial, castle had to be built just 100 yards away. Queen Elizabeth II in the Drawing Room at Balmoral Castle on September 6, 2022 in Aberdeen, Scotland. “It’s a lovely base for granny and grandpa to be for us to come and see them.”A general view of Balmoral Castle, the Scottish residence of the royal family since 1852.
Persons: CNN — King Charles III, Prince Albert, Queen Victoria, King, Queen Elizabeth II, Jane Barlow, Charles, Queen Camilla, There’s, Prince William, Prince Harry, Diana, Princess of Wales, ” Princess Eugenie, , , Andrew Milligan, Jill O’Brien, ” Charles, Camilla Organizations: CNN’s Royal, CNN, Scottish, ITV Locations: Balmoral, Scotland’s, Scottish, Buckingham, Windsor, Sandringham, Holyroodhouse, Edinburgh, Aberdeen, Scotland, Highgrove, Balmoral Castle
Visa and Mastercard settled a dispute with US retailers over credit-card swipe fees. AdvertisementOne of the great American pastimes — using your credit card to accumulate points — could be about to change. On Tuesday, Visa and Mastercard settled with US retailers over a longstanding dispute tied to credit-card swipe fees. But the points game can be one of fine margins, and a change to interchange fees could have ripple effects for rewards programs. Don't be surprised if it starts taking a lot longer to rack up the points required for your next getaway.
Persons: Banks, , they'd, David Morris, Morris, David Silverman Organizations: Visa, Mastercard, Service, JPMorgan Chase, Bank of America, Bloomberg, Chase, National Retail Federation, Retail Industry, Association, Credit, Fitch Locations: bodega, It's, eMarketer
Mario Tama | Getty ImagesAmgen is taking a new approach as it tries to stand out in a crowded field of drugmakers racing to develop the next blockbuster weight loss drug. It's too early to say how competitive Amgen will be in the budding weight loss drug space, which Novo Nordisk and Eli Lilly have so far dominated. Goldman Sachs also projects that between 10 million and 70 million Americans will be taking weight loss drugs by 2028. The sustained weight loss in Amgen's study appears to contrast with results seen in clinical trials on Zepbound and Wegovy. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.
Persons: Mario Tama, Eli Lilly, Goldman Sachs, Zepbound, Eli Lilly's, Amgen's MartiTide, Caroline Apovian, Apovian, Joe Buglewicz, MariTide, Holly Lofton, Eli Lilly’s, Brendan McDermid, Reuters Amgen's, William Blair, Matt Phipps, Phipps Organizations: Getty, Novo Nordisk, Pfizer, Viking Therapeutics, Therapeutics, Zealand Pharma, Boehringer, Center, Weight Management, Wellness, Brigham, Women's, Washington Post, NYU Langone Health, Reuters, William Blair & Company, CNBC Locations: Thousand Oaks , California, Oaks , California, Novo, New York City, U.S
With her partner Maxime Deschamps, the 40-year-old former retiree defeated athletes less than half her age and became the oldest woman to win a World Figure Skating Championship. Deschamps throws Stellato-Dudek into a triple twist during the pairs' free skate portion of the 2024 World Figure Skating Championships. While elite singles skating often rewards youth – requiring immense stamina to pull off quadruple jumps or triple-triple jump combinations – pairs skating comes with its own hazards. Minas Panagiotakis/Getty ImagesBeing the oldest female world champion was “not something that I ever set out to do when I came back to skating,” Stellato-Dudek said after her victory. Stellato-Dudek and Deschamps won their world championship in front of a rapturous home crowd in Montreal on Thursday.
Persons: Deanna Stellato, Dudek, Maxime Deschamps, Deschamps, Stellato, it’s, , , ” ‘, , Minas, who’s, Nathan Bartholomay, Dudek “, I’d, Beverley Smith, Deschamps captivate, ” Stellato, Minerva Fabienne Hase, Hase, “ Deanna, ” Hase, “ I’m, Mert Alper, Smith Organizations: CNN, Minas Panagiotakis, ISU Junior, CBC, NBC Sports, Getty Locations: Stellato, Chicago, Florida, Canada, Quebec, Montreal, German, Canadian, Anadolu
He was tied at 6-under 136 with Kevin Streelman (72), tour rookie Chandler Phillips (68), Brendon Todd (69) and Mackenzie Hughes (68). “There's a reason that so many players rave about this course,” Cink said. Only six shots separated the players sharing the lead to the players making the cut on the number. For Spieth, it was the first time since 2017 that he missed the cut at regular PGA Tour events in consecutive weeks (Players Championship, Byron Nelson). “I get another chance to learn some really great lessons and maybe some hard lessons this week again.”___
Persons: — Stewart Cink, There's, Kevin Streelman, Chandler Phillips, Brendon Todd, Mackenzie Hughes, , ” Cink, Streelman, Phillips, Justin Thomas, Lucas Glover, ” Thomas, , , — Jordan Spieth, Sam Burns, Brian Harman, Tony Finau, Keegan Bradley, Byron Nelson, Todd, ” Todd, I’m Organizations: PGA, Augusta National, Locations: PALM HARBOR, Fla, Innisbrook, British, Arizona, Cologuard, Tucson
AdvertisementIf you told me five years ago I would be planning on moving to Japan, I'd be like, "What? They were really chill towns or were quiet, cute towns and not busy and bustling. Japan is more family-friendly, plus we feel safer thereBrandon: Japan seemed like a slower pace of life. Leika: We ended up paying $30,000 for the house in Japan. The house itself is only worth about $2,500 or $3,000, but the property altogether was $30,000.
Persons: , Leika, Brandon Hansen, I'd, Brandon, of Jesus Christ, It's, it'd Organizations: Service, Business, of Jesus, Leika Locations: Seattle, Okayama, Japan, Osaka, Tokyo, Brandon, Washington, HOA
"There is also a wide swath of experience that happens underneath the surface for people with OCD," Riven said. "It's very common to see individuals with OCD experience a lot of distress that can go entirely undetected by people in their lives because it's all happening privately in the mind." He shared some of the lesser-known OCD symptoms, many of which can be subtle or tricky to spot. He said everyone has intrusive thoughts, such as steering your car into the opposite lane, from time to time. AdvertisementTo distinguish if it's a possible symptom of OCD, Riven asks questions to understand how much a patient analyzes those intrusive thoughts.
Persons: , Levi Riven, Riven, they've Organizations: Service, Business
Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management's Matt Hougan, the cryptocurrency's wild price swings have come down substantially over the past decade. "What's driving the bitcoin market right now is a simple demand-supply imbalance," the firm's chief investment officer told CNBC's "ETF Edge" on Monday. While Bitwise is betting on bitcoin's growth, ProShares has an ETF looking to profit from losses with its Short Bitcoin Strategy ETF . Hyman's ProShares also operates a long-bitcoin ETF: ProShares Bitcoin Strategy ETF.
Persons: Matt Hougan, CNBC's, Bitcoin, Hougan, Mark Twain, Simeon Hyman, Hyman, bitcoin Organizations: CNBC
CNN —Senior Biden administration officials on Tuesday pressed the CEO of health care giant UnitedHealth Group and other health care firms to do more to get vital payments flowing to health care providers three weeks after a cyberattack crippled those payment systems, sources familiar with the meeting told CNN. The meeting featured Health and Human Services Secretary Xavier Becerra, senior White House officials, and Andrew Witty, the CEO of UnitedHealth Group, whose subsidiary Change Healthcare was hit by a cyberattack last month, the sources said. The ransomware attack prevented some insurance payments on prescription drugs from processing, leaving many care providers footing the bill up front and hoping to get reimbursed. Some health care providers have lost more than $100 million per day because of the outage, one industry analyst previously told CNN. But the financial wreckage caused by the cyberattack will take a lot longer to clean up, health providers and analysts say.
Persons: CNN —, Xavier Becerra, Andrew Organizations: CNN, Biden, UnitedHealth, Human Services, White House, Healthcare, White, National Security, Department of Health, Washington Post, Change Healthcare
CNN —For more than two weeks, a cyberattack has disrupted business at health care providers across the United States, forcing small clinics to scramble to stay in business and exposing the fragility of the billing system that underpins American health care. It prevented some insurance payments on prescription drugs from processing, leaving many care providers effectively footing the bill without reimbursement. Health care groups have pleaded with the Department of Health and Human Services (HHS) to offer medical practices a financial lifeline. A week ago, Change Healthcare announced plans for a temporary loan program to get money flowing to health care providers affected by the outage. Tyler Mason, a spokesperson for Change Healthcare, declined to comment when asked if the company had paid off the hackers.
Persons: , Catherine Reinheimer, Mel Davies, ” Jesse Ehrenfeld, Reinheimer, Richard Pollack, Carter Groome, ” Groome, Tyler Mason, ALPHV, ” Ari Redbord, Joshua Corman, Corman, Organizations: CNN, Change Healthcare, Health, Department of Health, Human Services, Oregon Oncology, Healthcare, American Medical Association, US, Medical Group Management Association, Community Oncology Alliance, American Hospital Association, Justice Department, ALPHV, Labs Locations: United States, Philadelphia, UnitedHealth, Oregon
So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.
Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, , we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, , kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, , Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The
Eight "Survivor" competitors spoke with Business Insider about their time on the show and shared behind-the-scenes secrets that might surprise even the series's biggest fans. The production team has a set of 'identical' replacement clothesLauren-Ashley Beck and Karishma Patel on "Survivor: Island of the Idols." Beck added that she sometimes said things out loud before remembering that they could be aired on national television. Contestants aren't allowed to directly address the camera crewKellee Kim and Lauren-Ashley Beck on "Survivor: Island of the Idols." But Beck added that after spending weeks with the crew, it's hard to not notice certain things about them.
Persons: , Lauren, Ashley Beck, Beck, Davie Rickenbacker, Rickenbacker, Elaine Stott, Stott, We're, we're, Patel, Karishma Patel, Janet Carbin, aren't, Carbin, castmates, Malcolm Freberg, Carbin's, Kellee Kim, they're, Tyson Apostol, Dean Kowalski, Tom Laidlaw, Chelsea Walker, Robert Voets, Jeff, doesn't, Andrea Boehlke, Boehlke, David, — Nick Wilson, Nick, Goliath, Dan Rengering, I've, she's Organizations: Service, CBS, Business, Getty, YouTube Locations: Philippines, Guatemala, Nicaragua, Cambodia, Fiji, Tribal, Ponderosa
Kostyantynivka, eastern Ukraine CNN —Artem spends a lot of time thinking about the shots he can’t afford to take. That means they can only strike top priority targets, a limitation which is allowing Russian troops to slip through. Dr. Sviatoslav Mykytiuk serves at a medical point in eastern Ukraine where soldiers are brought from the frontlines. In eastern Ukraine, Mykytiuk said, the evacuation can take up to a day, sometimes even longer. Ukraine soldiers frontline Ivana Kottasová / CNN“If he was thinner, he would have lost it,” he said.
Persons: Ukraine CNN — Artem, it’s, Artem, , ” Ivana Kottasová, Joe Biden’s, Dmytro Kuleba, Avdiivka, Ukraine “, ” Oleh Kalashnikov, Sviatoslav Mykytiuk, Mykytiuk, Ivana Kottasová, , ” Mykytiuk, , Oleh, ” Artem, ” Kalashnikov Organizations: Ukraine CNN, 26th Artillery Brigade, CNN, , United, United States Congress, Kyiv, Ukraine’s, Ukraine, The, 30th Brigade, Cemetery Locations: Ukraine, United States, Ukrainian, Avdiivka, US, Kramatorsk, it’s, Russia, Soviet Union, Bakhmut, Kharkiv, Europe, America
“The Republican Party is not really a conservative party anymore – it’s a populist party,” he says. “What are the incentives for conservatives to take these positions?” asks Joshua Huder, senior fellow at Georgetown University’s McCourt School of Public Policy. “This Republican Party is spiraling out of control. Last week, the RNC reported its lowest fundraising totals in 10 years, entering 2024 with just $8 million in cash on hand. Prosecutors are seeking $370 million – a loss that has the potential to ruin him financially ahead of the November election.
Persons: Donald Trump, , Trump, , David Barker, , Mike Johnson, Alejandro Mayorkas, Johnson couldn’t, Joshua Huder, Georgetown University’s, Johnson, Sen, Chris Murphy, it's Donald Trump –, who’s, Mitch McConnell’s, – Sen, Ted Cruz, Mike Lee of Utah, Ron Johnson of, Mitch ” trended, intraparty, Mitch McConnell, ” Huder, I’m, Ronna McDaniel, isn’t, Joe Biden Organizations: Republican National Committee, Republican, Republican Party, American University, Center, Congressional, Presidential, Republicans, Homeland, Israel, Georgetown, Georgetown University’s McCourt School of Public, Senate, Connecticut Democrat, RNC, South Carolina, U.S ., Trump, Capitol, Prosecutors Locations: Connecticut, Ted Cruz of Texas, Ron Johnson of Wisconsin, underperformed, Washington, Manhattan
Akansha Jain spent 6 years studying to be a Chartered Accountant for six years. AdvertisementThis as-told-to essay is based on a conversation with Akansha Jain , a 38-year-old Chartered Accountant turned soft-skills training freelancer based in the National Capital Region, India. Studying to become a chartered accountant was one of the hardest things I have done. I finally became a chartered accountant in 2009. AdvertisementLooking back at my own career transition, when it comes to hard skills versus soft skills, I don't think one is more important than the other.
Persons: Akansha Jain, Jain, Organizations: Service, National Capital Locations: National Capital Region, India, Delhi
Our breakup happened in the middle of a parking lot full of nosey moms at school pickup. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . She confronted me in the middle of a parking lot full of nosey moms at school pick-up. I stood in that parking lot long after all the cars and stares had left, overwhelmed with sadness. It was more devastating than any romantic breakup I've ever experienced — and I've been dumped via text by a boyfriend.
Persons: , It's, I've Organizations: Service Locations: North America
The Federal Aviation Administration said on Friday that it was expanding its scrutiny of Boeing, increasing oversight of the company with an audit of production of the 737 Max 9, a week after a panel in the body of one of those planes was blown out during flight. Later Friday night, the F.A.A. The agency said it needed more information on the inspection process before it could approve Boeing’s guidance for distribution. The grounded planes, 171 in total in the United States, will be not be cleared to fly again until they are inspected, which could take several days, though possibly a lot longer, once the F.A.A. United Airlines is the biggest U.S. user of the plane, though the jet makes up just 8 percent of the larger company’s fleet.
Persons: Boeing’s, Max Organizations: Federal Aviation Administration, Boeing, Alaska Airlines, Airlines Locations: United States
“Purchase a ‘Do Not Disturb’ eye mask if you plan on sleeping through meal service,” she said. You can look ahead on the airline’s website to see what in-flight entertainment will be available on your flight. Move when you canMany people prefer an aisle seat so they are able to get up frequently without disturbing their seat neighbor. Ahead of booking, research the layout and model of planes on websites like SeatGuru to find the most legroom. “But it makes a huge difference to how quickly you adjust to the new time zone.”
Persons: , Patrick Quade, Nathan Weinrich Locations: New South Wales, Australia, United States, New Jersey
The case involves hedge fund manager George Jarkesy, who the SEC fined and barred from the industry after determining he had committed securities fraud. Critics of the agency have argued that its in-house system gives it the unfair advantage of prosecuting cases before its own judges rather than before a jury in federal court. The case could make it harder for the SEC weed out bad actors in the securities industry, legal experts said. The court in 2018 faulted the way the SEC selected its in-house judges, and in April made it easier for targets of agency actions to mount challenges in federal court. The FINRA case - a constitutional challenge to its structure brought by Utah-based Alpine Securities Corp - is currently before another federal appellate court and eventually could come to the Supreme Court.
Persons: Andrew Kelly, Joe Biden's, George Jarkesy, Jarkesy, infringes, Benjamin Edwards, Edwards, FINRA, James Park, Andrew Chung, Will Dunham Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Exchange, Circuit, 5th Circuit, Financial Industry Regulatory Authority, University of Nevada, Consumer, U.S, Constitution, Patriot28, Securities, Jarkesy, Alpine Securities Corp, Supreme, UCLA School of Law, Thomson Locations: Washington ,, New Orleans, Constitution's, Las Vegas, Houston, disgorge, Utah
London CNN —After more than half a century, the identity of the elderly, stick-carrying man featured on the “Led Zeppelin IV” album cover has finally been revealed. The “Stick Man” who featured on the cover of English rock band Led Zeppelin’s 1971 fourth studio album was a thatcher from the late-Victorian era, the Wiltshire Museum in southwestern England said in a statement Wednesday. Led Zeppelin members (left - right) John Paul Jones, John Bonham, Jimmy Page and Robert Plant pose in front of their private airliner The Starship in 1973. This colored version was the only feature on the “Led Zeppelin IV” album cover, which, unusually, had no words on it, not even the band’s name. “It is fascinating to see how this theme of rural and urban contrasts was developed by Led Zeppelin and became the focus for this iconic album cover 70 years later,” the museum’s director, David Dawson, said in the statement.
Persons: thatcher, Wiltshire thatcher, Longyear –, Brian Edwards, UWE Bristol, Wiltshire Thatcher, Edwards, Ernest, Zeppelin, Robert, Jimmy, John Paul, ” Edwards, John Paul Jones, John Bonham, Jimmy Page, Robert Plant, Ernest Howard Farmer, Jimmy Page’s, David Dawson Organizations: London CNN, Wiltshire Museum, University of the, England, Regional, BBC Radio Wiltshire, Zeppelin, Hulton Locations: England, Wiltshire, Mere , Wiltshire, Shaftesbury, Whitsuntide, , Berkshire
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