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☆ Supreme Court Justice Alito rejects calls to recuse from Trump, Jan. 6 cases
▼ + stars: | 2024-05-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021. Supreme Court Justice Samuel Alito on Wednesday rejected Democratic lawmakers' requests that he recuse himself from key cases related to former President Donald Trump and the Jan. 6, 2021, Capitol riot following reports that flags linked to Trump's supporters were flown at his properties. "I was not aware of any connection between that historic flag and the 'Stop the Steal Movement,' and neither was my wife," Alito wrote. Trump, who is awaiting a verdict in his criminal hush money trial in Manhattan Supreme Court, applauded Alito for declining to remove himself from the case. "Congratulations to United States Supreme Court Justice Samuel Alito for showing the INTELLIGENCE, COURAGE, and 'GUTS' to refuse stepping aside from making a decision on anything January 6th related," Trump wrote in a post on Truth Social .

Persons: Samuel Alito, Donald Trump, Alito, Joe Biden, Rather, Jack Smith, Trump, —, Martha, Ann Alito, Dick Durbin, Durbin, Sen, Sheldon Whitehouse Organizations: Supreme, Wednesday, Democratic, Capitol, New York Times, Times, Alito, United States Supreme Locations: Washington, Virginia, Alexandria , Virginia, Long Beach, , New Jersey, Manhattan

☆ Supreme Court Justice Alito sold Bud Light stock, then bought Coors during boycott
▼ + stars: | 2024-05-20 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

United States Supreme Court Associate Justice Samuel Alito poses for an official portrait at the East Conference Room of the Supreme Court building on October 7, 2022 in Washington, DC. Supreme Court Justice Samuel Alito sold shares of beer giant Anheuser-Busch InBev as conservatives were ditching the Bud Light brewer over its partnership with a transgender social media influencer . The Supreme Court did not immediately respond to CNBC's request for comment on Alito's transaction report or the timing of his stock activity. In May 2023, Modelo replaced Bud Light as the top-selling beer in the U.S. Data from around that time showed sales of Bud Light had dropped nearly 25% year over year. Roth noted that the beer companies in question have no pending business before the Supreme Court that he can think of.

Persons: Samuel Alito, Alito, Bud Light, Busch, influencer Dylan Mulvaney, Mulvaney, —, Martha, Ann Alito, Gabe Roth, " Roth, Roth Organizations: East, Anheuser, Busch, Molson Coors, Supreme, Busch InBev, Bud, Modelo, InBev, Coors, Blacks, New York Times, Trump, U.S . Capitol, Times, CNBC, Bud Light Locations: Washington , DC, U.S

☆ Supreme Court Justice Alito urged to step off Trump election case over U.S. flag controversy
▼ + stars: | 2024-05-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021. The chair of the Senate Judiciary Committee on Friday urged Supreme Court Justice Samuel Alito to recuse himself from considering cases related to the 2020 election, including the question of former President Donald Trump's immunity from criminal prosecution, because of controversy over an upside-down U.S. flag that flew outside Alito's home after the election. "Flying an upside-down American flag — a symbol of the so-called 'Stop the Steal' movement — clearly creates the appearance of bias," said Durbin, the Illinois Democrat who heads the Judiciary Committee. "Justice Alito should recuse himself immediately from cases related to the 2020 election and the January 6th insurrection, including the question of the former President's immunity in U.S. v. Donald Trump, which the Supreme Court is currently considering," Durbin said in a statement. "The Court is in an ethical crisis of its own making, and Justice Alito and the rest of the Court should be doing everything in their power to regain public trust."

Persons: Samuel Alito, Donald Trump's, Sen, Dick Durbin, Alito, Durbin, Donald Trump, Justice Alito Organizations: New York Times, Illinois Democrat, Committee Locations: Washington, Virginia

Two of three speakers at the engineering school’s ceremony disappeared abruptly from the school’s graduation website. A self-described “fourth-generation Trojan” from Pasadena, Ms. Blain, who has spent much of her life imagining her own U.S.C. Pro-Palestinian students tried to set up an encampment on campus days later, and university officials summoned the Los Angeles police. At the engineering school, where Ms. Tabassum, the valedictorian, will be graduating, professors were trying to resurrect her chance to speak. A university committee had picked Ms. Tabassum, who is Muslim and of South Asian ancestry, from about 100 undergraduates with near 4.0 grade point averages.

Persons: Kevin Feige, Liza Colón, Zayas, Tina, “, ”, Jaren Lewison, they’re, Ella Blain, Blain, Linda Thomas, Greenfield, Biden, U.S.C, Asna Tabassum, Jon M, Chu, Marcia McNutt, Blain’s, Annette Ricchiazzi, Carol Folt, Missives, Sean Penn, —, Goodwin Liu, Merrill Balassone, Phil Chan, Pam Zhang, Safiya Umoja Noble, Lewison, Jane Coaston, Tabassum, Yannis C, Folt, Kevin Crawford Knight, Didi Global, Zohreh, Khademi, Knight, ” Hossein Hashemi, Hashemi, Dustin Jeffords Organizations: University of Southern, Angeles, Marvel Studios, Hollywood, Netflix, Dornsife, of Letters, Arts and Sciences, Los Angeles Memorial, School of Dramatic Arts, University of Michigan, Ann Arbor , Indiana University, Bloomington, Northeastern University, United Nations, University, Vermont’s, Columbia University, National Academy of Sciences, Los Angeles police, Community, Dodger, California Supreme, MacArthur, Rossier School, Education, Jewish, commencements, New York Times, Microsoft, Media, “ Locations: University of Southern California, Los Angeles, Coast, Aude, Pasadena, Gaza, Ann Arbor ,, Boston, U.S, Israel, U.S.C, California, San Bernardino County

☆ Dollar stands tall as U.S. rate-cut bets recede
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +2 min

The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. There was little initial reaction to a weekend attack on Israel by Iran. Canadian and New Zealand inflation figures are due on Tuesday, along with Chinese growth numbers. British inflation data is out on Wednesday and Aussie jobs data on Thursday.

Persons: Jason Wong, Sterling Organizations: New Locations: Asia, Israel, Iran, New Zealand, Israeli, Damascus, Wellington, Zealand

☆ Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle
▼ + stars: | 2024-04-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Jakub Porzycki | Nurphoto | Getty ImagesCrypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The move would pit Ripple against stablecoin giants like Tether, which is behind the largest stablecoin UDST, and USDC issuer Circle. Payments giant PayPal , meanwhile, launched its own U.S. dollar stablecoin called PayPal USD, a stablecoin backed by U.S. dollars and dollar equivalents that is issued by crypto firm Paxos. watch nowTether is the market leader for stablecoins with a market capitalization of $106.3 billion, according to CoinGecko data. "In fact, the number one request we get from the XRP community is to launch a USD-backed stablecoin on the XRP Ledger."

Persons: Jakub Porzycki, Brad Garlinghouse, he's, Garlinghouse, Tether's, USDT, USDC, MoneyGram Organizations: U.S, SEC, Nurphoto, Getty, U.S ., PayPal, CNBC, Bank, FinCEN, Santander, U.S . Securities, Exchange Commission, Southern, of Locations: U.S, Europe, Asia, New York, Ireland, Singapore, of New York

☆ Market strategist Adam Parker gives his investment predictions for the next decade, including selling crypto
▼ + stars: | 2024-02-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

That's one of 10 investing predictions for the next 10 years by the Trivariate Research market strategist. "We have always said 'we prefer a basket of high-quality US growth equities'" when asked about crypto, Parker said in a note over the weekend. "Missing the appreciation of the asset class is not good, but participating in US growth equities has been more than adequate." "Because it is just a proxy for risk taking, investors can mirror the exposure of a basket of crypto through low quality hyper growth stocks," he added. "This sector checks all the boxes … We think there will be continued consolidation, so owning oil-sensitive energy stocks that are mid-cap likely will prove prudent," he said.

Persons: Adam Parker, That's, Bitcoin, Parker Organizations: Trivariate Research, Metrics, Own U.S, Mining, BHP Group, Microsoft, BHP, Vale, Southern Copper, Marathon Petroleum, Treasury, U.S . Treasury Locations: CRE, New York, San Francisco, Chicago, decarbonization, Freeport, McMoRan, Australia, Rio Tinto, Greece, France, Italy, Spain, Portugal

☆ CNBC Daily Open: U.S. CEOs feeling better about the economy
▼ + stars: | 2024-02-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Milestone crossedThe benchmark S&P 500 hit the 5,000 level for the first time on Thursday, but closed just under the milestone. Japan's zombie problemsDespite strong performance since the beginning of 2023, Japan's stock market faces several issues over zombie firms. [Pro] Bypassing the Magnificent 7Morningstar's chief markets strategist David Sekera highlighted that the Magnificent Seven stocks "are starting to run out of steam."

Persons: Dow, Sissie Hsiao, Bard, David Sekera Organizations: CNBC, Nasdaq, Google, Bard, Gemini, Bank of Japan

☆ CNBC Daily Open: U.S. CEOs turn positive on the economy
▼ + stars: | 2024-02-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nikkei fresh highsJapan's Nikkei hit new highs on Friday, while most markets in the region were either fully or partially closed for Lunar New Year holidays. Biden pushes backU.S. President Joe Biden in a White House address said his "memory is fine," and disputed a special counsel's claims that he willfully retained classified material at his Delaware home.

Persons: Joe Biden, Dow, Sissie Hsiao, Bard, Biden, Donald Trump, David Sekera Organizations: United Auto Workers, UAW, Union, CNBC, Nikkei, Nasdaq, Google, Bard, Gemini, Bank of Japan, Nevada Republican, NBC Locations: Belvidere , Illinois, Delaware

☆ Beyond the 'Magnificent 7': Morningstar's top strategist names other stocks to own
▼ + stars: | 2024-02-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"The Magnificent Seven stocks generally are starting to run out of steam at this point because their valuations are getting pretty full at this point of time," Morningstar's Chief Markets Strategist David Sekera told CNBC Pro on Feb. 2. However, Sekera thinks things are looking up for small-caps and value stocks — the latter of which he says are trading at an 11% discount relative to Morningstar's fair value and look like a "good area for investors to overweight in U.S. stocks right now." Tech stocks The chief strategist remains bullish on tech, albeit outside of the Magnificent Seven, and named Cognizant Technology Solutions and Snowflake as picks to play the theme. Value in energy The energy sector — one of the laggards of the stock market last year — is also on Sekera's radar. Morningstar gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued.

Persons: David Sekera, Morningstar, Sekera, Russell, —, We're, doesn't, NiSource, Entergy Organizations: Big Tech, Apple, Meta, Microsoft, Nvidia, Tesla, CNBC Pro, Dow, Nasdaq, Tech, Technology Solutions, APA Corp, Morningstar, Exxon, APA, Entergy, WEC Energy Locations: Suriname, United States

Broadly, the poll shows support for Israel and the Biden administration's handling of the situation ebbing slightly further across the board. The poll shows 33% of Republicans now say Israel’s military response has gone too far, up from 18% in November. The poll shows 35% of U.S. adults now describe Israel as an ally that shares U.S. interests and values. Thirty-six percent of U.S. adults say the U.S. is not supportive enough of the Palestinians, up slightly from 31% December. A similar share of U.S. adults say that about negotiating the establishment of an independent Palestinian state.

Persons: Melissa Morales, “, ”, Morales, Biden, Israel, they're, ” Morales, John Milor, Milor, ‘ ’, what's, Joe Biden, Sarah Jackson, ” Jackson, Yemen’s, they’ve, ” Milor, ___ Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, Biden, That's, Republican, Israel, Jan, Democratic Locations: U.S, Gaza, Israel, Runnemede , New Jersey, Clovis , California, Jordan, Hamas, Chicago, United States, New Jersey

☆ Widening Mideast Crisis U.S. Blames Iran-Backed Militia for Deaths of 3 Soldiers in Jordan
▼ + stars: | 2024-01-29 | by ( Eric Schmitt | ) www.nytimes.com time to read: +8 min

The attack happened at a remote logistics outpost in northeast Jordan called Tower 22 where the borders of Syria, Iraq and Jordan converge. The Pentagon declined to identify the service members who died or their units pending notification of family members. Central Command said it expected the number of injured to “fluctuate” as additional service members sought treatment. It was the latest in at least 164 strikes by Iran-backed militias against U.S. troops in Syria, Iraq and Jordan since the Oct. 7 attacks. It turned out to be a dud, but several service members would most likely have been injured or killed had it exploded, a senior military official said.

Persons: Biden, —, Mr, “, ”, Lloyd J, Austin III, ” Mr, Austin, Yemen —, Gen, Charles Q, Brown Jr, General Brown, Al, Charles Lister, Jordan, Al Tanf, Syria’s, Roger Wicker of Organizations: U.S, Hamas, ”, Pentagon, Command, Central Command, Resistance, Hezbollah, Joint Chiefs of Staff, ABC, Navy, Sunday, Army, Air Force, United, Operations, Middle East Institute, American, Troops, The Defense Department, Al Asad, Al Asad Air Base, Congressional Republicans, Republican, Armed Services Committee Locations: Jordan, Iran, Syria, Iraq, U.S, Israel, Columbia, United States, Lebanese, Yemen, Aden, Gaza, Erbil, Red, Al Tanf, Islamic State, Azraq, Washington, Jordanian, Baghdad, Damascus, Tehran, Lebanon, Al, Al Asad Air, Roger Wicker of Mississippi

☆ Drone Strike Kills 3 U.S. Soldiers in Jordan, White House Says
▼ + stars: | 2024-01-28 | by ( Vivek Shankar | ) www.nytimes.com time to read: +4 min

The attack happened at a small outpost in northeast Jordan called Tower 22 near the Syria border where the troops were based. Other details were not immediately available from the Pentagon’s Central Command, which issued an initial bare-bones statement on Sunday. In 2016, the American military turned Al Tanf into a small base. The Rukban refugee camp, with some 8,000 residents, is near both Al Tanf and Tower 22. Troops at Al Tanf have come under fire before from Iran-backed militias.

Persons: Biden, —, Mr, Al, Al Tanf, Syria’s, Alissa J, Rubin Organizations: U.S, Pentagon’s, Command, Resistance, Hezbollah, United, Operations, Pentagon, Navy, Sunday, American, Troops, The Defense Department, Al Asad, Al Asad Air Base Locations: Jordan, Iran, Gaza, Syria, Israel, Iraq, ”, Iranian, Lebanese, Yemen, Aden, United States, Azraq, Al Tanf, Islamic State, Red, U.S, Baghdad, Damascus, Tehran, Lebanon, Al, Al Asad Air

☆ Lightning Round: You can't own U.S. Silica Holdings in this state, says Jim Cramer
▼ + stars: | 2024-01-24 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: You can't own U.S. Silica Holdings in this state, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: U.S. Silica Holdings, Tetra Tech, Rxsight and more.

Persons: Jim Cramer Organizations: Holdings, Tetra Tech

☆ 2 Navy SEALs Declared Dead After Mission to Stop Iranian Weapons
▼ + stars: | 2024-01-22 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +2 min

The U.S. military said on Sunday that it had declared two Navy SEALs dead after they went missing 10 days ago during an operation at sea to intercept weapons from Iran headed to Houthi fighters. They are among the first known U.S. fatalities in Washington’s campaign against the Houthis, who have launched dozens of attacks on ships in the Red Sea since November, roiling the global shipping industry. The episode involving the SEALs occurred in the Arabian Sea, off the coast of Somalia on Jan. 11. During that nighttime commando mission, according to the U.S. military, American troops boarded a small boat, called a dhow, and seized weapons including Iranian made ballistic-missile and cruise-missile components bound for Yemen. The mission led to the first seizure by U.S. forces of Iran-supplied weapons since the Houthis started attacking ships in the Red Sea, the U.S. military said in a statement last week.

Organizations: U.S, Navy, ., Pentagon, U.S . Central Command Locations: Iran, Red, United States, Yemen, Somalia, U.S, Gazans, Israel

☆ TuSimple Winds Down U.S. Operations as It Looks for Buyer
▼ + stars: | 2023-12-05 | by ( Heather Somerville | ) www.wsj.com time to read: 1 min

TuSimple has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup. Photo: Cassidy Araiza for The Wall Street JournalSelf-driving trucking company TuSimple Holdings said Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country. The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup.

Persons: TuSimple, Cassidy Araiza Organizations: Wall Street, TuSimple Holdings, TuSimple’s Locations: TuSimple’s U.S, San Diego

☆ NATO Leaders Try to Pin Down U.S. on Ukraine Aid as Republicans Waver
▼ + stars: | 2023-11-28 | by ( Lara Jakes | More About Lara Jakes | ) www.nytimes.com time to read: +1 min

A White House proposal to send Ukraine about $61.4 billion in additional emergency aid — out of an overall $105 billion plan — has stalled in the Republican-led House. That has left the United States with less than $5 billion available to contribute to the war; American military aid to Ukraine has so far totaled about $45 billion in weapons and equipment. The American secretary of state, Antony J. Blinken, tried to assuage concerns among NATO leaders. “We will be strongly reaffirming our support for Ukraine as it continues to face Russia’s war of aggression,” Mr. Blinken said a few hours later, as he headed into Tuesday’s meetings. The pointed remarks underscored NATO’s attempts to deter Russia as its war in Ukraine approaches the two-year mark — and as all indications suggest the conflict will likely drag out for far longer.

Persons: —, Antony J, Blinken, “, Mr, NATO’s Organizations: Republican, NATO Locations: Ukraine, United States, Russia, Sweden

☆ Here's why investors don't necessarily need to own international stocks to be diversified
▼ + stars: | 2023-11-19 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

This week's question: Hello, do you believe an international fund or international stocks are required for diversification or can diversification be accomplished domestically Thanks! So, we don't view owning international stocks as a requirement to gain the benefits of geographic diversification. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. This week's question: Hello, do you believe an international fund or international stocks are required for diversification or can diversification be accomplished domestically Thanks!

Persons: Jim Cramer, That's, Jack Ma, Michael Evans, Jack, it's, Tim Cook, Jim Cramer's, Jim, Steve Organizations: Apple, Wynn Resorts, WYNN, U.S ., Industrial, Linde, Jim Cramer's Charitable, CNBC Locations: China, Asia, Pacific, Macau, U.S, United States, Germany, Ireland, United Kingdom

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - The White House said on Monday President Joe Biden and Chinese President Xi Jinping will discuss strengthening communication and managing competition when they meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit this week. Biden and Xi have known each other for more than a decade and have shared hours of conversation over six interactions since Biden's 2021 inauguration. However, they have met only once in person since then and Xi has not visited the United States since 2017. Sullivan said that at APEC Biden would put forward his economic vision for the region and speak about "how the United States is the preeminent driver of inclusive, sustainable economic growth in the Asia Pacific."

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, President Joe Biden, Xi, Jake Sullivan, Biden, Sullivan, Nancy Pelosi, we've, Matt Murray, Steve Holland, Nandita Bose, David Brunnstrom, Alistair Bell Organizations: REUTERS, Rights, President, Economic Cooperation, San Francisco Bay Area, Biden, House, U.S ., United, U.S, APEC, Wednesday, APEC Biden, Thomson Locations: Bali , Indonesia, Asia, San Francisco Bay, U.S, People's Republic of China, United States, Washington, China, Taiwan, San Francisco, Israel, Ukraine, North, Russia, Beijing, Iran, East

"The actions of Hamas and its allies will serve as an inspiration the likes of which we haven't seen since ISIS launched its so-called caliphate several years ago," Wray said. The remarks came during a hearing before the U.S. Senate Homeland Security and Governmental Affairs Committee focused on threats to the United States. The number of attacks on U.S. military bases overseas by Iran-backed militia groups have risen this month, Wray said. Cyber attacks against the U.S. by Iran and non-state actors will likely worsen if the conflict expands, he said. During the hearing, Homeland Security Secretary Alejandro Mayorkas said that hate directed at Jewish students in the U.S. following the start of the Israeli-Palestinian conflict in Gaza has added to an increase in antisemitism.

Persons: Alejandro Mayorkas, Christopher Wray, Christine Abizaid, Wray, General Merrick Garland, Ted Hesson, Doina Chiacu, Andrew Goudsward, Chizu Nomiyama, Jonathan Oatis Organizations: Homeland, FBI, National Counterterrorism, Senate Homeland Security, Governmental Affairs, Capitol, ISIS, U.S . Senate Homeland Security, U.S, United Nations, Jewish, White, U.S . Justice Department, Thomson Locations: United States, Washington , U.S, WASHINGTON, Israel, Gaza, U.S, Arab, Iran, Washington

Iran's Supreme Leader Ayatollah Ali Khamenei attends a graduation ceremony for armed forces officers at the Imam Ali academy in Tehran, Iran October 10, 2023. "There was a direct message relayed," White House spokesman John Kirby said at a news briefing, declining to elaborate. U.S. troops have been attacked at least 12 times in Iraq and four times in Syria in the past week, it added. On Wednesday, Biden said he had warned the ayatollah the United States would respond if U.S. forces continued to be targeted but did not say how the message was communicated. "My warning to the ayatollah was that if they continue to move against those troops, we will respond, and he should be prepared.

Persons: Ayatollah Ali Khamenei, Ali, Joe Biden, John Kirby, Biden, Israel, Hossein Amirabdollahian, Steve Holland, Susan Heavey, Arshad Mohammed, Doina Chiacu, Jonathan Oatis Organizations: Iran's, Iranian, West Asia News Agency, REUTERS, Rights, U.S, Hamas, Pentagon, Wednesday, United Nations, Palestinian, Thomson Locations: Tehran, Iran, Israel, U.S, Iraq, Syria, United States, Gaza, Iran's, Palestine, Lebanon, Hamas, Yemen

After Hamas attacked Israel on Oct. 7 and killed some 1,400 people, the United States stood by its ally and stressed that Israel has the right to defend itself. The priority is on working to get the hostages out step-by-step," said a source briefed on the hostage negotiations. The first U.S. official said that along with the hostage negotiations, advising Israel to hold off on its invasion could also give more time for humanitarian aid to be delivered to Gaza. U.S. officials have urged Israel to follow the laws of war in any invasion of Gaza, which is home to 2.3 million people. Israel would have a difficult time fighting a war on two fronts simultaneously if Hezbollah launches a full-scale fight in the north, U.S. officials say.

Persons: Israel, Joe Biden, John Kirby, Lloyd Austin, Washington Eliav Benjamin, Lebanon's, Antony Blinken, Yoav Gallant, Washington, Matt Spetalnick Steve Holland, Humeyra Pamuk, Dan Williams, Andrew Mills, Phil Stewart, Idrees Ali, Trevor Hunnicutt, Simon Lewis, Michelle Nichols, Grant McCool Organizations: United, Palestinian, Washington, House, Pentagon, State Department, Friday, U.S, United Nations, White House, Israel's Army, Hamas, NBC, Sunday, Sunday . Washington, Hezbollah, Thomson Locations: United States, Gaza, Qatar, Israel, U.S, Canada, France, Germany, Italy, Britain, Egypt, White, Washington, Iran, Sunday ., Jerusalem, Doha

☆ US Advises Israel Hold off on Gaza Invasion, Keeps Hamas Mediator Qatar in Loop -Sources
▼ + stars: | 2023-10-23 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +5 min

After Hamas attacked Israel on Oct. 7 and killed some 1,400 people, the United States stood by its ally and stressed that Israel has the right to defend itself. The priority is on working to get the hostages out step-by-step," said a source briefed on the hostage negotiations. The first U.S. official said that along with the hostage negotiations, advising Israel to hold off on its invasion could also give more time for humanitarian aid to be delivered to Gaza. U.S. officials have urged Israel to follow the laws of war in any invasion of Gaza, which is home to 2.3 million people. US DEFENSEIsraeli officials have increasingly signaled in public that a Gaza invasion could be imminent.

Persons: Matt Spetalnick, Steve Holland, Humeyra Pamuk, Israel, Joe Biden, John Kirby, Lloyd Austin, Washington Eliav Benjamin, Lebanon's, Antony Blinken, Yoav Gallant, Washington, Matt Spetalnick Steve Holland, Dan Williams, Andrew Mills, Phil Stewart, Idrees Ali, Trevor Hunnicutt, Simon Lewis, Michelle Nichols, Grant McCool Organizations: United, Palestinian, Washington, House, Pentagon, State Department, Friday, U.S, United Nations, White House, Israel's Army, Hamas, NBC, Sunday, Sunday . Washington, Hezbollah Locations: Humeyra Pamuk WASHINGTON, United States, Gaza, Qatar, Israel, U.S, Canada, France, Germany, Italy, Britain, Egypt, White, Washington, Iran, Sunday ., Jerusalem, Doha

For inflation to durably return to the Fed's 2% target, it "is likely to require a period of below-trend growth and some further softening in labor market conditions," Powell said. There is evidence the labor market is cooling, Powell said, with some important measures approaching levels seen even before the pandemic. Those include new geopolitical risks to the economy from the "horrifying" attack on Israel by the Palestinian militant Hamas group, Powell said. "Persistent changes in financial conditions can have implications for the path of monetary policy," Powell said, with higher market-based interest rates, if sustained, doing the same job as Fed rate increases. "We cannot yet know how long these lower readings will persist, or where inflation will settle over coming quarters," Powell said.

Persons: Jerome Powell, Evelyn Hockstein, Powell, Dan Burns, Ann Saphir, Chizu Nomiyama, Andrea Ricci Organizations: . Federal, Federal Reserve, REUTERS, Economic, of New, Fed, Hamas, Federal, U.S, Thomson Locations: Washington , U.S, U.S, of New York, Israel

☆ Fed's Powell to take the stage amid a suddenly choppy landscape
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +4 min

U.S. Federal Reserve Chairman Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Powell's appearance comes less than 48 hours before the beginning of the traditional quiet period ahead of the rate-setting Federal Open Market Committee's meeting on Oct. 31-Nov. 1. Many in the poll offered the caveat that if progress on inflation stalls out or reverses, the Fed would not hesitate to resume raising rates. Waller said as much on Wednesday: "If the real economy continues showing underlying strength and inflation appears to stabilize or reaccelerate, more policy tightening is likely needed despite the recent run-up in longer-term rates." Reporting by Dan Burns and Ann Saphir; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Evelyn Hockstein, Powell, Philip, Jefferson, Krishna Guha, Christopher Waller, Waller, Dan Burns, Ann Saphir, Andrea Ricci Organizations: Federal, Federal Reserve, REUTERS, U.S, Economic, of New, Fed, Thomson Locations: Washington , U.S, New York, of New York, U.S

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