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☆ High global food prices may finally see a bottom in 2024, says Oxford Economics
▼ + stars: | 2024-04-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Rising food prices around the world may finally be seeing a bottom this year. According to Oxford Economics, global food prices are expected to decline in 2024, offering some relief for shoppers. "Our baseline forecast is for world food commodity prices to register an annual decline this year, reducing pressure on food retail prices further downstream," the economic advisory firm wrote in a recent note. The key driving force behind the decline in food commodity prices is the "abundant supply" for many important crops, especially wheat and maize. Wheat harvests are also forecast to come in high, although slightly lower than the record level in marketing year 2022 to 2023, the Oxford report said.

Organizations: Hannaford, Oxford Economics, Farmers, Russia Locations: South Burlington , Vermont, Ukraine

In South Burlington, the school district leases the electric buses from Highland, which also supplies equipment to recharge them and pays the electricity bills. Those bills are lower than normal because of a deal that lets Green Mountain Power, the utility serving most of Vermont, draw power from the bus batteries when demand surges. They are part of a network that also includes batteries that homeowners install to provide backup power during blackouts. In total, Green Mountain Power has access to 50 megawatts of battery storage from school buses, home batteries and other sources, said Mari McClure, the utility’s chief executive. Over time, Ms. McClure said, enough electric school buses and home batteries may be connected to the grid to stop her utility from needing to buy electricity from out-of-state power plants.

Persons: Mari McClure, McClure Organizations: Power, Electric Power Research Institute Locations: South Burlington, Highland, Vermont

Their bodies, found several days later, had been dragged into the woods and covered with leaves, sticks and debris, police said. Clegg also is charged with several counts of falsifying physical evidence and being a convicted felon in possession of a gun. “They have no idea what gun killed the Reids,” Dominguez told the jury, adding that police “only had eyes” for Clegg’s gun. She later heard gunshots, then came across a man on the trail before continuing her hike. Defense attorneys argued that the man she saw on the trail was not Clegg because the clothing he had on did not match the prosecution’s description.

Persons: —, Logan Clegg, “, Stephen, Djeswende, Wendy ” Reid, Clegg, Wendy, Joshua Speicher, Speicher, ”, Mariana Dominguez, “ Logan Clegg, ” Dominguez Organizations: CONCORD, New Hampshire, Prosecutors, Defense, “ Police Locations: N.H, New, Concord, South Burlington , Vermont, Berlin, Germany, New Hampshire, Utah, Portugal, United States

☆ Nashua, New Hampshire is the safest city in America, new study says—here's the full top 10 list
▼ + stars: | 2023-10-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

In October, WalletHub released its annual ranking of the safest cities in the United States. Nashua, New Hampshire is the safest city in AmericaNashua ranked as the No. Nashua, New Hampshire ranked as the safesty city in the U.S., according to WalletHub. Columbia, Maryland, is in Howard County, which has seen a decline in violent and property crimes since 2018. Columbia, Maryland ranked as the second safest city in the U.S., according to WalletHub.

Persons: WalletHub, Ariz Organizations: U.S . Census Bureau, of Labor Statistics, FBI, America Nashua, Nashua , New Hampshire, Gilbert, U.S, The, Maryland ., Columbia, Istock, Getty Locations: U.S, United States, Nashua , New Hampshire, America, Hillsborough County , New Hampshire, Nashua, America . Nashua, Massachusetts, Boston, Concord , New Hampshire, Nashua , New, America Nashua, N.H . Columbia, Md, South Burlington , Vt, Warwick, R.I . Portland , Maine Casper, Wyo, Yonkers, N.Y, Burlington , Vt, Scottsdale, Ariz, Columbia , Maryland, The Maryland, Baltimore, Columbia, Maryland, Maryland . Columbia , Maryland, Howard County

“They got the wrong man,” Caroline Smith said during opening statements in the trial of Logan Clegg in Concord. The newly retired couple were killed shortly after going for a walk on the trail near their Concord apartment on April 18, 2022. Shell casings also were found at a location later discovered to be Clegg's tent site. She said a state police forensic laboratory analysis showed the casings were fired from Clegg's gun. She said a criminologist could not say that Clegg's gun was the one used to fire the shots.

Persons: “, ” Caroline Smith, Logan Clegg, Clegg, Stephen, Djeswende Reid, Smith, Meghan Hagaman, ” Hagaman, hadn't, Hagaman, Logan Organizations: CONCORD, Court Locations: N.H, New Hampshire, Utah, Concord, South Burlington , Vermont, Portugal, United States, South Burlington, Berlin, Germany, Merrimack County

☆ The war against inflation is a long way away from being won
▼ + stars: | 2023-07-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

But those data points reflected relative rates of change, not capturing the overall surge that led to the highest inflation level in more than 40 years. The 12-month PPI reading had peaked at an annual rate of 11.6% in March 2022, its highest ever in data going back to November 2010. "Near-term price inflation may do little to contradict rising Fed official and market hope that a benign outcome is being achieved." For their part, Fed officials have indicated they see their benchmark rate rising by at least half a percentage point by the end of the year. So-called core inflation rose 0.2% in June and was tracking at a 4.8% annual rate, much higher than the Fed would like.

Persons: Robert Nickelsberg, Jared Bernstein, Sharp, Andrew Hollenhorst, Hollenhorst, Jerome Powell, That's Organizations: Hannaford, Financial, White House's Council, Economic Advisers, CNBC, Labor Department, Citigroup, Energy, of Labor Statistics Locations: South Burlington , Vermont

☆ Stocks making the biggest premarket moves: Tesla, Moderna, Alphabet, PacWest and more
▼ + stars: | 2023-06-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Tesla — Shares dropped 1.9% after Goldman Sachs became the latest Wall Street bank to downgrade the electric vehicle maker to neutral from buy. Goldman cited the difficult pricing environment for electric vehicles, as well as the stock's recent run up, for the call. Moderna — The drugmaker gained 2.5% following an upgrade by UBS to buy from neutral. Alphabet — The Google parent slid 1.4% after being downgraded by UBS to neutral from buy. PacWest — The regional bank jumped nearly 6% following the announcement that Ares Management acquired $3.5 billion specialty finance portfolio from PacWest.

Persons: Goldman Sachs, Goldman, Aston Martin Organizations: Moderna, UBS, Google, Pfizer, Ares Management Locations: South Burlington , Vermont

☆ A United flight was grounded after a passenger found a bomb threat note in the bathroom: reports
▼ + stars: | 2023-03-14 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

A United Airlines flight was grounded for several hours in Vermont on Sunday. A local NBC affiliate obtained audio of the plane's pilot discussing an apparent bomb threat. The Burlington airport was closed during the search and reopened around 7:30 p.m. local time. "A flight attendant just came up and said that a passenger found a note in the aft lav that said there was a bomb on board," the pilot can be heard saying. A spokesperson for United referred Insider to Republic Airways, which was operating the regional flight.

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