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The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.
Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia
Donald Trump's gun license is set to be revoked by the NYPD following his conviction. Firearm possession is a federal crime for felons. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Donald Trump's Organizations: NYPD, Business
Narendra Modi won his third term as India's prime minister, but his narrow win sent stocks plummeting, and his foreign partnerships could be at stake. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Narendra Modi Organizations: Business
CNN —Israel’s Supreme Court on Wednesday will for the first time discuss the closure of the desert detention camp of Sde Teiman where Palestinian detainees from Gaza have allegedly been held under conditions of extreme abuse. The committee tasked with examining the conditions of Palestinian detainees from Gaza is set to submit its recommendations to Halevi this month. Three Israeli whistleblowers told CNN that Palestinian detainees at the facility were constantly blindfolded and held under extreme physical restraint. The account tallied with details of a letter authored by a doctor working at Sde Teiman published by Ha’aretz in April. Instead, the Israeli military said that the detainees are given back their clothing once the IDF has determined that they pose no security risk.
Persons: CNN —, , Alice Jill Edwards, Herzi Halevi, Sde, Ofer, Teiman, Ha’aretz, CNN’s Ami Kaufman Organizations: CNN, CNN — Israel’s, Association for Civil Rights, Germany’s, International Committee, United Nations, Israel Defense Forces, Military, IDF Locations: Teiman, Gaza, Israel
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Organizations: Business
A Manhattan jury found Donald Trump guilty of falsifying business records to cover up a hush money payment to Stormy Daniels, making him the first US president to be convicted of a felony. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Donald Trump, Stormy Daniels Organizations: Business Locations: Manhattan
A landslide struck Papua New Guinea in the middle of the night May 24, burying thousands and destroying six villages. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Organizations: Business Locations: Papua New Guinea
CNN —Coco Gauff raced into the second round of the French Open on Monday, taking just 52 minutes to defeat Russian qualifier Julia Avdeeva 6-1 6-1. Next up for the American is Czech qualifier Tamara Zidanšek, who reached the semifinals of the French Open three years ago – by far her best-ever run at a grand slam. Speaking to the Tennis Channel after her fifth first-round win at Roland Garros, Gauff reflected on some of the long-term goals for her career. Świątek celebrates her 15th consecutive win at the French Open. 1 is also unbeaten since April having won in Rome and Madrid ahead of this year’s French Open.
Persons: Coco Gauff, Julia Avdeeva, Gauff, Roland Garros, , , Tamara Zidanšek, Serena Williams –, Iga Świątek, Leolia, Naomi Osaka, Clive Mason, Justine Henin, “ She’s, ” Świątek, haven’t, Naomi, I’m Organizations: CNN, Tennis Channel, Świątek, Getty, Osaka Locations: Russian, Czech, Rome, Madrid
“To still impart that knowledge on young people, and particularly young black women, that they can do this.”Becoming a pilot was something Claiborne, originally from Virginia, could never have imagined for herself as a young girl. When asked about the transition to flying commercial planes, Claiborne stresses that “a pilot is a pilot.”“You’re in different type organizations, but you’re still a pilot,” she adds. So this is an opportunity for her to really enjoy herself.”Increasing diversityClaiborne is committed to increasing pilot diversity and will continue to mentor young women. It’s estimated that there are less than 150 Black women pilots in the US, and Claiborne feels a huge responsibility as one of them. While this may be the end of her commercial flying career, Claiborne isn’t necessarily saying “goodbye” to piloting forever, and would love to fly a World War II aircraft one day.
Persons: CNN — She’s, Theresa Claiborne, “ I’ve, ” Claiborne, Claiborne, , , I’d, ” “, Caliborne, Ruth Bader Ginsburg, you’re, I’ve, Bessie Coleman, she’s, “ I’m, it’ll, they’d, Claiborne isn’t, , ’ ” Organizations: CNN, Newark Liberty International, Air Force Reserve, Corps, US Air Force, California State University, KC, United Airlines, United, , US Bureau of Labor Statistics, It’s, Tuskegee Airmen Locations: New Jersey, Lisbon, Portugal, Virginia, Turkey, Sacramento, Claiborne, United States, Newark , New Jersey, Paris, Newark
Unlike previous Iranian presidents, Raisi seemed content to serve as an empty vessel that carried out the reactionary policies of Supreme Leader Ali Khamenei, the final arbiter on policymaking. So, when foreign dignitaries from a whopping 68 countries gathered for Raisi’s funeral on Thursday, they may not have been preoccupied with thoughts of the late president. Iranians follow a truck carrying the coffins of the late President Ebrahim Raisi and his companions during a funeral ceremony in Tehran, Iran. “This (funeral) is a way for countries to show the progress they have made in repairing relations with Iran,” said Parsi. He could also decide to change tack, opening it up so that Iran’s next president enjoys broad popular support.
Persons: Ebrahim Raisi’s, Raisi, Ali Khamenei, Hassan Rouhani, Mahmoud Ahmadinejad –, Qassem Soleimani, Quincy Institute Trita Parsi, , Ismail Haniyeh, Ebrahim Raisi, Majid Saeedi, Donald Trump, , Khamenei, , ” Mohammad Ali Shabani, Amwaj.media, CNN’s Becky Anderson, that’s Organizations: CNN, Quincy Institute Trita, United Arab, Getty, Obama, country’s Guardian Council, Supreme Locations: East, Iran, ” Washington, Gaza, Tehran, Israel, Damascus, Turkey, India, China, Saudi Arabia, United Arab Emirates, UAE, Kuwait, Europe, Islamic Republic, country’s
On May 23, Pope Francis cleared the way for Carlo Acutis, also known as "God's influencer," to become the first millennial to become a saint. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Pope Francis, Carlo Acutis Organizations: Business
Here’s how air turbulence can create problems for air travelers. In cases of light and moderate turbulence, passengers might feel a strain against their seatbelt, and unsecure items in the cabin may move around. In 2022, Williams, who co-authored the study, told CNN that he believed that severe turbulence “could double or triple in the coming decades.”He went on to attribute this to “clear air turbulence,” a type of turbulence that strikes suddenly is very difficult to avoid. Since it’s sometimes impossible to anticipate when an aircraft will encounter clear air turbulence, the only way to be 100% safe is to keep strapped in for the whole ride. The Singapore Airlines flight from London to Singapore, appears to encountered severe turbulence over Myanmar after crossing Southeast Asia’s Andaman Sea.
Persons: ” Paul Williams, Williams, , , Mark Prosser, Turbli Organizations: CNN, Air, Singapore Airlines, University of Reading, Federal Aviation Administration, FAA, Airline, United Airlines, University, Reading, , National Transportation Safety Board, NTSB, National Weather Service Locations: Tokyo, Honolulu, USA, London, Singapore, Myanmar, Santiago, Chile, Viru Viru, Bolivia, Almaty, Kazakhstan, Kyrgyzstan, Bishkek, Nashville , Tennessee, Raleigh, Durham, North Carolina
A passenger died and 30 other people were injured on a Singapore Airlines flight when the plane hit severe turbulence, prompting an emergency landing in Bangkok. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Organizations: Singapore Airlines, Business Locations: Bangkok
Coming from Tamara Rojo, three words go a long way: “That, I believe.”Rojo, the artistic director of San Francisco Ballet since 2022, wants dancers to have autonomy — more than just input, a real choice in how to interpret a role. There’s a difference between watching dancers ripple through steps, however beautifully, and watching their ideas about a role unfold in real time. When Rojo sees a moment she believes, it means they’re performing steps with meaning and intention. “What I really want is for them to go through the exercise of asking themselves questions,” Rojo said in her office after back-to-back “Swan Lake” rehearsals last month. That’s right.’”Her rehearsals are entertaining.
Persons: Tamara Rojo, ” Rojo, Rojo, , Misa Kuranaga, Odette, Organizations: San Francisco Ballet Locations: “ Swan
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Organizations: Business
Once she graduated, Regan was offered an internship at a company based in Paris in 2022, providing her with the opportunity to live in the French capital. She says that she initially anticipated living and working in the European city for a year or two. However, when Regan fell for a Frenchman named Julien, who she married in 2007, her fate was seemingly sealed. She credits this, at least partly, to the French healthcare system, which provides universal coverage for all legal residents. Courtesy Melissa Regan“I was really shocked by the price increase in inflation of groceries, for example,” she says.
Persons: Melissa Regan, , ” Regan, she’d, ” “, , Regan, Frenchman, Julien, Theodore, Jefferson, she’s, Melissa Regan “, we’ve, Sejour, I’ve, Emily ’, they're, Melissa Regan Netflix, Emily, ’ ”, “ It’s, Regan can’t, they’re, It’s Organizations: CNN, CNN Travel, Paris Locations: California, New York, Vienna, Austria, France, Paris, , United States, , sweats, America
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Organizations: Business
CNN —A tiny, no frills taco stand in Mexico with just four items on its menu has been awarded a star by the coveted Michelin Guide. Taquería El Califa de León, located in the San Rafael neighborhood of Mexico City, was among the establishments to garner either one or two stars in the first ever Michelin Guide Mexico, published earlier this week, making it the first Mexican taco stand to receive the honor. Taquería El Califa de León is the first ever Mexican taco stand to receive a Michelin star. Fernando Llano/AP“The secret is the simplicity of our taco,” Rivera Martínez told the Associated Press. “With meat and tortillas of this caliber, the duo of house-made salsas is hardly even necessary,” says the Michelin Guide.
Persons: Taquería El, Chef Arturo Rivera Martínez, León, Fernando Llano, ” Rivera Martínez, Rodolfo Gaona, Silvana Flores, tacos, Rivera Martínez, , , Jorge Vallejo, Alejandra Flores, Elena Reygadas’s Rosetta, Gwendal, Chan Hon Meng’s Organizations: CNN, Michelin, AP, Associated Press, Getty, Nuevo León, Michelin Guides Locations: Mexico, San Rafael, Mexico City, Mexican, AFP, Oaxaca, Baja California, Cabos, Nuevo, Chan Hon Meng’s Singapore
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Organizations: Business
CNN spoke to three Israeli whistleblowers who worked at the Sde Teiman desert camp, which holds Palestinians detained during Israel’s invasion of Gaza. Reports of abuse at Sde Teiman have already surfaced in Israeli and Arab media after an outcry from Israeli and Palestinian rights groups over conditions there. CNN has requested permission from the Israeli military to access the Sde Teiman base. The account tallied with details of a letter authored by a doctor working at Sde Teiman published by Ha’aretz in April. The structure, which resembles an animal pen, is located in the central area of the Sde Teiman compound.
Persons: Sde Teiman, , , , Ofer, Patrick Gallagher, Adnan al, Bursh –, Mohammed al, Ran, ” Dr, Mohammed Al, Shawish, abasement, “ You’d, Teiman, Ha’aretz, Israel, Ray, Tal Steiner, ” Steiner, – Ofer, West Bank –, Ibrahim Yassine, Abu Salah, Al, Barbara Arvanitidis, Tamara Qiblawi, Matthew Chance OSINT, Allegra Goodwin, Alex Platt, Abeer Salman, Ami Kaufman, Kareem Khadder, Mohammad Al Sawalhi, Carlotta Dotto, Lou Robinson, Mark Oliver, Tom James, Sarah Tilotta, Mark Baron, Julie Zink, Augusta Anthony Motion, Yukari Schrickel, Laura Smith, Eliza Mackintosh, Dan Wright, Matt Wells Editor’s, Matthew Chance, Al Hilou Organizations: Israel CNN —, CNN, Israel Defense Forces, Military, IDF, West Bank, Bosnian, Ahli Baptist Hospital, Social Media, CNN Al, , Ha’aretz, for Human Rights, Nasser Hospital, Planet Labs PBC Planet, Planet Labs, Palestinian Red Crescent Society Locations: Israel, Gaza, Palestinian, Al, Ahli, Israel’s, , London, Sde, Jerusalem
‘Aha’ momentCynthia Wilson and her husband Craig Bjork relocated from the US to Marinha Grande, situated in the Leiria District of Portugal, just over two years ago. Community spiritThe couple celebrate Wilson's first birthday in Portugal with friends. “My Portuguese friends taught me that you have to first recognize their humanity,” says Wilson. There’s no place for that.”Wilson has warmly embraced the Portuguese way of life, particularly the focus on food, which has long been a big part of her life. Doing something odd.”Wilson and Bjork say that they’ve had “zero problems” since relocating to Portugal and couldn’t be happier.
Persons: CNN — They’d, Cynthia Wilson, Craig Bjork, Wilson, , I’ve, ” Wilson, , Bjork, , it’s, Wilson's, , Cynthia Wilson “ Retirement’s, that’s, I’m, hasn’t, ” “, , they’ve, Dulce Silva, Sérgio Carvalho, grandly, Rainha Joia, Maria da Silva, Cynthia Wilson Wilson, “ There’s, couldn’t Organizations: CNN, CNN Travel, Facebook Locations: Portugal, Europe, Seattle, Estonia, Marinha, Leiria District, Lisbon, Kansas, Wichita , Kansas, Marinha Grande, Porto, Algarve, San Francisco, Manhattan, Florabela, America,
CNN —What do you need to pack for a cruise? When it comes to this upcoming cruise from tour and travel company Bare Necessities, the answer appears to be very little. The nudist cruise specialist is teaming up with Norwegian Cruise Line to launch an 11-day voyage from Miami to the Caribbean, scheduled to set sail onboard the 295-meter Norwegian Pearl in February 2025. The “11-Day adventure back to Bare-adise” is scheduled to depart from Miami on February 3 and return on February 14. “Our mission is to provide relaxing, entertaining and health-conscious vacation opportunities that offer non-threatening, natural environments where the appreciation, wonder and compatibility of nature and the unadorned human form can occur,” say Bare Necessities.
Persons: Norwegian Pearl, Organizations: CNN, Cruise Line, St Locations: Miami, Caribbean, Bahamas, Puerto Rico, Maarten, Norwegian
“Lempicka,” a new musical about an artistically and sexually adventurous painter, announced Thursday evening that it would close on May 19, just a month after opening. This is the first show to fall after this year’s Tony nominations were announced on Tuesday. “Lempicka” scored three nods — for the actresses Eden Espinosa and Amber Iman, as well as for scenic design — but was shut out of the best musical category. It really needed a boost, because its grosses have been anemic — last week it grossed $288,102, which is unsustainably low for a Broadway musical. The show, which explores the life of the 20th-century painter Tamara de Lempicka, was written by Carson Kreitzer and Matt Gould and directed by Rachel Chavkin.
Persons: , Tony, “ Lempicka ”, , Eden Espinosa, Amber Iman, Tamara de Lempicka, Carson Kreitzer, Matt Gould, Rachel Chavkin Organizations: Williamstown Theater, La Jolla Playhouse, Broadway Locations: San Diego
Marketing health foods is a multibillion-dollar business. But they may not be as wholesome as you think. Here's how to spot ultra-processed foods, as well as some healthier alternatives. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Organizations: Business
Marketing health foods is a multibillion-dollar business. But they may not be as wholesome as you think. Here's how to spot ultra-processed foods, as well as some healthier alternatives.
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