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☆ Gabby Petito letter to Brian Laundrie signals tensions prior to road trip
▼ + stars: | 2024-06-11 | by ( Dakin Andone | Jean Casarez | ) edition.cnn.com time to read: +5 min

CNN —Gabby Petito once asked Brian Laundrie to stop calling her names, according to a letter she wrote released in a collection of FBI documents, signaling tensions between the couple prior to the 2021 road trip that would end with Laundrie killing his 22-year-old fiancée. Also included are scores of photographs of items recovered by authorities after the execution of a search warrant on September 20, 2021, including Petito’s letter to Laundrie. CNN has reached out to an attorney for Petito’s parents for comment on the letter. There is no context for Petito’s letter, and it’s unclear why the couple was at odds when she wrote it. The footage shows Moab police officers talking to Petito and Laundrie, who admitted having a fight in which Petito said she struck her fiancé first.

Persons: Gabby Petito, Brian Laundrie, “ Brian, we’re, ” Petito, “ I’m, there’s, Wyoming’s, Laundrie –, Petito –, Petito, Laundrie, Steven Bertolino, Laundrie “, I’ve, ”, ” Bertolino, “, Brian, Gabby, ” James W Organizations: CNN, FBI, Moab Police Locations: Wyoming’s Bridger, Teton, Forest, North Port , Florida, North Port, Moab , Utah, Moab, Petito

☆ Video: Stunning drone footage shows extent of Teton Pass landslide
▼ + stars: | 2024-06-10 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

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☆ Mountain Landslide Destroys Section of Highway to Jackson, Wyo.
▼ + stars: | 2024-06-09 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

A landslide in the Teton mountains destroyed part of a highway that links Idaho to Jackson, Wyo., forcing the authorities to close the road indefinitely on Saturday just as the area was entering its summer tourism season. No one was injured when a section of the Teton Pass “catastrophically failed,” the Wyoming Department of Transportation said in a statement on Saturday. The highway west of Jackson had been closed to traffic before the road gave way, and crews were working to build a detour around a section where a crack had appeared in the surface days earlier. The department said it expected a long-term closure. Travel and tourism is Wyoming’s second-largest industry, according to the Jackson Hole Travel and Tourism Board, and the county took in about $1.7 billion in travel-related spending in 2022.

Persons: Jackson, Mark Gordon of Wyoming Organizations: Wyoming Department of Transportation, Gov, Teton County ., Jackson, Travel, Tourism Board Locations: Idaho, Jackson, Teton County

☆ Teton Pass: ‘Catastrophic landslide’ closes critical mountain highway between Wyoming and Idaho
▼ + stars: | 2024-06-08 | by ( Raja Razek | Susannah Cullinane | ) edition.cnn.com time to read: +2 min

CNN —A critical highway linking Idaho and Wyoming has closed indefinitely after a portion of the road cracked and then collapsed in a “catastrophic landslide” Saturday, officials said. Mark Gordon said in a post on Facebook there is no estimated timeline for reopening Teton Pass, which links Victor, Idaho, and Jackson, Wyoming. The initial crack appeared Thursday morning across both lanes of travel, the Wyoming Department of Transportation (WYDOT) said in a post on Facebook at the time. “No crews were hurt in the process, and no equipment was damaged.”Cracks in the roadway on Teton Pass are seen on Friday, June 7, 2024, the day before its "catastrophic failure." The Teton Pass corridor “serves as a critical commuter route and facilitates the transport of goods and services that are lifelines to the growing regional economies in Wyoming and Idaho,” according to the US Department of Transportation.

Persons: Mark Gordon, WYDOT, catastrophically, “, Wyoming Department of Transportation Gordon, ”, mudslide, Darin Westby, Westby Organizations: CNN, Wyoming Gov, Facebook, Wyoming Department of Transportation, Evans, of Homeland Security, Department of Transportation, US Department of Transportation Locations: Idaho, Wyoming, Teton, Victor, Jackson , Wyoming, WYDOT, ”

☆ Veteran shares his harrowing bear attack survival story
▼ + stars: | 2024-05-28 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

I never let go of the bear spray can,” Burke wrote in the post. He interlaced his fingers behind his neck with the bear spray canister caught in one of his fingers,” NPS said via email. “I recorded a short video telling my people that I loved them.”A photo provided by the National Park Service shows the airlift operation. “The number one thing that kept me alive during the attack was reading and understanding what to do in the event of a bear attack and being prepared with the bear spray,” he said in his post. • Carry bear spray, know how to use it, and keep it readily accessible.

Persons: CNN — Shayne Patrick Burke, Burke, “, ”, ” Burke, “ I’ve, Chloe Organizations: CNN, grizzlies, National Park Service, Army, NPS, Teton Interagency Dispatch Center, John’s Locations: Wyoming, Grand Teton, South Hadley , Massachusetts, Massachusetts, Teton, St

☆ Veteran Survives Grizzly’s Attack After It Bites Into Can of Bear Spray
▼ + stars: | 2024-05-26 | by ( Amanda Holpuch | ) www.nytimes.com time to read: 1 min

Shayne Patrick Burke was on a short hike this month to photograph owls in the backcountry of Grand Teton National Park in Wyoming when he spotted a grizzly bear cub about 50 to 70 yards in front of him. Instantly, Mr. Burke knew that the cub’s presence signaled trouble, he wrote on Instagram. Moments later, Mr. Burke, 35, was attacked by the cub’s mother. He turned his back, got on his stomach and locked his hands behind his neck, following advice he had read about grizzly bear attacks, he said. During the attack, on May 19, the bear repeatedly bit Mr. Burke and picked him up and slammed him to the ground, before, he wrote, one of his screams “unfortunately, but fortunately, turned her attention to my head.”

Persons: Shayne Patrick Burke, Burke, ” Locations: Grand, Wyoming

☆ Here are 3 dividend stocks that could offer passive income, fund managers say
▼ + stars: | 2024-04-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In a market where finding reliable passive income streams can be challenging, two fund managers have shared their insights on dividend stocks that could offer attractive yields and growth potential. Broadcom One such stock Burdett highlighted is Broadcom , a semiconductor and software company. Orange Another stock Burdett finds compelling is Orange SA , a French telecommunications company with a current dividend yield of 6.8%. ORA-FR 1Y line While the stock price has remained relatively unchanged this year, Wall Street expects it to rise by 25% to 13.25 euros. The spun-off cereal business of Kellogg Company, now known as Kellanova .

Persons: Matt Burdett, Burdett, Thornburg, MASMOVIL, ORA, WK Kellogg Brian Leonard, Keeley Teton, Leonard, Leonard citied WK Kellogg, Mills, WK Kellogg Organizations: Thornburg Investment, Broadcom, CA Technologies, VMware, Wall, Orange, Burdett, Orange SA, CNBC Pro, Leonard citied WK Kellogg Co, Kellogg Company Locations: Burdett, United States, French, U.S, Orange, France

☆ 7 of the most beautiful US national parks, according to someone who's been to 59 of them
▼ + stars: | 2024-03-24 | by ( Emily Hart | ) www.businessinsider.com time to read: +1 min

After traveling to 59 US national parks, a few stand out more than others. Grand Teton National Park in Wyoming tops my list of the most beautiful landscapes in the country. I also love visiting places like Acadia National Park and Olympic National Park. Although I've found all 59 of the national parks I've visited to be beautiful, some simply took my breath away, regardless of my personal preferences. This story is available exclusively to Business Insider subscribers.

Persons: —, It's, who's, I've Organizations: Teton, Park, Service, Business Locations: Wyoming, Acadia

☆ The largest employer of a Montana mountain town is shutting down, blaming housing shortages and rising cost of living
▼ + stars: | 2024-03-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The largest employer in Seeley Lake, Montana, is closing in part due to costs and housing issues. An influx of people to smaller towns has driven up costs and fueled housing shortages in Montana. "Among other problems, labor shortages, lack of housing, unprecedented rising costs, plummeting lumber prices, and the cost of living in Western Montana have crippled Pyramid's ability to operate." "This is devastating news for the Seeley Lake community and all of Montana," Daines said. Communities across the West are feeling the pinch of rising costs in different ways.

Persons: —, Seeley, Greg Gianforte, Steve Daines, Jon Tester, Daines, Cindy Riegel Organizations: Service, Company, Montana Gov, NBC, Wall Street Locations: Seeley Lake , Montana, Montana ., Seeley Lake, Western Montana, Montana, . Montana, Idaho, Montana hasn't, Sens, Steamboat Springs, Colorado, , Idaho, Teton County

☆ I went on an 8-month solo road trip after a breakup. I'm engaged now, but I still travel alone.
▼ + stars: | 2024-02-26 | by ( Alka Bhatt | ) www.businessinsider.com time to read: +5 min

Alka Bhatt says her solo trip gave her a love of traveling alone. Courtesy Alka BhattI'm now engaged, but solo trips are still integral to my lifeIt's been nearly three years since my solo trip, and when I got home, I felt ready to date authentically. Rather than mold myself to be more desirable, I listened to my wants and needs and looked for compatibility. Within a few months, I met someone special, and a year into our relationship, I felt he was the one. On a weekend trip to DC last month, I took myself out to a fancy Sichuan restaurant after thrifting at a trendy shop.

Persons: —, I'd, Alka Bhatt, Alka Bhatt I'm, It's Organizations: Service, Business, Toyota, Teton, DC Locations: Philadelphia, Texas, Houston, Pennsylvania, Lake Huron, Upstate New York, Sichuan

☆ The most visited National Park Service sites 2023
▼ + stars: | 2024-02-23 | by ( Forrest Brown | ) edition.cnn.com time to read: +5 min

“From Kaloko Honokōhau National Historic Park in Hawai’i to Congaree National Park in South Carolina, parks are attracting more visitors each year to learn about our shared history,” National Park Service Director Chuck Sams said in a news release. 1 spot as the most visited site in the US National Park system and accounts for 5.15% of all visits in the system. Beyond the summer seasonCongaree National Park in South Carolina is starting to grow in popularity, getting more recognition beyond its home state. National Park ServiceVisitation habits to NPS sites are changing with people finding ways to bypass the traditional warm-weather peak. Among the more famous ones were Joshua Tree National Park (3.27 million) and the Lincoln Memorial in Washington, D.C. (8.09 million).

Persons: Chuck Sams, Lincoln, George Washington, Joshua, Joshua Tree, ”, —, ” Sams, “ Organizations: CNN, National, Service, NPS, Historic, Park Service, Recreation Area, Gulf, Lincoln, George Washington Memorial, Natchez, Glen, Vietnam Veterans Memorial, Washington , D.C, Zion, Yellowstone, Rocky, Yosemite National, Acadia, Teton, Lincoln Memorial Locations: Hawai’i, South Carolina, f11photo, Smoky, Mead, Arizona and Utah, Washington ,, Southern California, California, Olympic, Washington, Cuyahoga Valley, Ohio, Montana, Idaho, United States

☆ Parents of Gabby Petito and Brian Laundrie set for mediation in emotional distress lawsuit
▼ + stars: | 2024-02-21 | by ( Dakin Andone | ) edition.cnn.com time to read: +4 min

Christopher and Roberta Laundrie denied being told by their son that he killed Petito, though Roberta Laundrie said the thought “probably went through my mind.”Petito’s family reported the 22-year-old missing on September 11, 2021, 10 days after Brian Laundrie returned to his parents’ home in North Port, Florida. He vanished soon after, igniting a weekslong manhunt that ended with the discovery of his remains in a Florida nature reserve. The latest lawsuit names Christopher and Roberta Laundrie and their attorney, Steven Bertolino, as defendants, claiming the trio’s actions during the search for Petito caused her parents severe emotional distress. Nichole Schmidt, mother of Gabby Petito, speaks alongside, from left, Tara Petito, Petito's stepmother; Joseph Petito, her father; Richard Stafford, the family's attorney; and Jim Schmidt, her stepfather; during a news conference in September 2021 in Bohemia, New York. Their statements were not intended to cause emotional distress but to “express” their “sincere wishes,” they argue.

Persons: Gabby Petito, Brian Laundrie, Petito, Petito’s, Wyoming’s, Roberta Laundrie, “, ”, ’, Brian Laundrie’s, Christopher, Steven Bertolino, Joseph Petito, Nichole Schmidt, Tara Petito, Petito's, Richard Stafford, Jim Schmidt, John Minchillo, Miss Petito, Bertolino “, CNN’s Jean Casarez, Elizabeth Wolfe Organizations: CNN, Wednesday’s, Bertolino, Miss, ” Locations: Wyoming’s Bridger, Teton, Forest, North Port , Florida, Florida, Bohemia , New York

☆ California man stole a Yosemite National Park ranger's vehicle and sparked a high-speed chase before plummeting 200 feet off a cliff, prosecutors say
▼ + stars: | 2024-02-18 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewA federal grand jury indicted a California man accused of stealing a Yosemite National Park ranger's vehicle and leading a "high-speed chase" before driving off a cliff. AdvertisementThis isn't the first time tourists have been accused of misbehaving in US national parks. In May 2023, a bison calf had to be euthanized after a man lifted it out of a river in Yellowstone National Park, prompting its herd to reject it. An unidentified man disturbed a bison calf in Lamar Valley near the confluence of the Lamar River and Soda Butte Creek in Yellowstone National Park. "Park rangers tried repeatedly to reunite the calf with the herd, but their efforts were unsuccessful."

Persons: —, Phillip A, Talbert, Claustro, David Calvert, Hellen Jack Organizations: Service, Yosemite National, Business, Getty, National Parks Service, Visitors, Grand Teton National Parks Locations: California, Yosemite, Yellowstone, Lamar Valley, Lamar, Grand

☆ ECB hawk Schnabel scraps more rate hikes after 'remarkable' inflation drop
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +4 min

Euro zone inflation tumbled to 2.4% last month from above 10% a year earlier after a record string of rate hikes. Schnabel, who had insisted just a month ago that rate hikes must remain an option because the "last mile" of the inflation fight may be the toughest, said she had shifted stance after three unexpectedly benign inflation readings in a row. "The most recent inflation number has made a further rate increase rather unlikely." "The recent inflation print has given me more confidence that we will be able to come back to 2% no later than 2025." Schnabel said weak growth as a result of the ECB's rate hikes is helping the inflation fight but that a deep or prolonged recession is unlikely, with recent survey data supporting expectations for a recovery.

Persons: Isabel Schnabel, Jim Urquhart, Schnabel, John Maynard Keynes, Christine Lagarde, Francois Villeroy de, Yannis Stournaras, Joachim Nagel, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, Teton, Jackson, REUTERS, Rights, ECB, Reuters, Bank of Greece, Thomson Locations: Jackson , Wyoming, U.S, French, Francois Villeroy de Galhau

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

☆ The Fed decision and jobs report are in the week ahead as Wall Street wraps up a brutal month
▼ + stars: | 2023-10-27 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The Federal Reserve meeting and October jobs report are on the docket next week as investors wrap up a brutal month for markets. Both the S & P 500 and Nasdaq Composite slid into correction territory this week following some disappointing megacap tech reports. "I suspect that the Fed is not going to comfort the market," said James Camp, managing director at Eagle Asset Management. Many investors expect stocks could remain choppy until the markets gain clarity on when the Fed will start to cut rates. Jobs report Investors will get another look into the labor market next week soon after the Fed decision.

Persons: Jerome Powell, James Camp, Dave Sekera, Sekera, Dow Jones, Nick Galluccio, you'll, Powell, Charlie Ripley, Ripley, Galluccio, we've, Eli Lilly Organizations: Reserve, Nasdaq, Eagle Asset Management, Fed, Teton Advisors, Treasury, Asset, Apple, Investors, Allianz Investment Management, Advisors, Dallas Fed, Simon Property, Semiconductor, Western, ECI Civilian Workers, Chicago PMI, Devices, Caesars Entertainment, Pfizer, GE Healthcare Technologies, Caterpillar, ADP, PMI, Manufacturing, Costco Wholesale, Qualcomm, Cruise Line Holdings, Brands, Labor, Factory, News Corp, Booking Holdings, Paramount Global, Moderna, Jobs, Services PMI, Health Locations: U.S, FactSet, Chicago

☆ Fed's Mester: Strong jobs data do not change underlying view on hiring
▼ + stars: | 2023-10-06 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

"With this one report, [the data] continues to say it's a strong labor market, but it is getting a little bit less tight than we saw before," Mester said in an interview on CNN International. Mester spoke to the television channel following the release of the September jobs report, which showed the U.S. added a bigger-than-expected 336,000 jobs last month and upwardly revised the prior month's job gain, with a steady 3.8% unemployment rate. The strength of the jobs data renewed bond market worries about additional Fed rate hikes which had receded among many investors. Several economists noted the softening earnings data in the report, evidence that inflation pressures continued to ebb, reducing pressure on the Fed to hike rates further. "What we've seen in the economy so far is that it's been a very resilient economy," Mester said, adding "economic growth has been strikingly strong and yet we're still making progress on inflation."

Persons: Loretta J, Mester, Jim Urquhart, Loretta Mester, it's, Michael S, Diane Craft, David Gregorio Our Organizations: Federal Reserve Bank of Cleveland, Jackson, REUTERS, Federal Reserve Bank, Cleveland, CNN International, Fed, Derby, Thomson Locations: Jackson , Wyoming, U.S

☆ Ski towns in the American West are getting swankier — and pricing out frustrated locals
▼ + stars: | 2023-10-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Driggs, Idaho, is the latest western mountain town to grapple with an surge of outsider money. AdvertisementAdvertisementChristina Assante bought a half-acre lot in Driggs, a ski town on the border of Wyoming, for $500,000 in 2021. Assante, and her son, Asher, are a part of a growing population setting course for the burgeoning ski town that was once overshadowed by its trendy neighbor Jackson, Wyoming. AdvertisementAdvertisementAn uncharted ski town in Idaho is ready to explodeIn Driggs, the town's expansion trajectory hangs in the balance as a, more literal, expansion is being organized. Locals are being pushed further outside of this Colorado ski townVail, Colorado, an expensive ski town a little less than 100 miles outside of Denver, could be viewed as a cautionary tale for Driggs and other budding ski towns.

Persons: —, Rich, Dutton, Luke Smith, Engel, Völkers Jackson, Cindy Riegel, Christina Assante, Assante, Michael, Asher, Driggs, Riegel, Allison Weibel, Steve Estvanik, Weibel, Vail, Michelle Badger, Redfin, it's, Mack, Keller Williams, Everdawn Charles, Tamara Williams, Kevin Costner's, Todd O'Hair, Montana's, Jackson, Paul Diegel Organizations: Service, Wall Street Journal, Journal, Census Bureau, New York Times, Times, Vail Resorts, Denver, Getty Images, Montana Chamber of Commerce Locations: Driggs , Idaho, Teton County , Idaho, Wyoming, Alta , Wyoming, Driggs, Jackson , Wyoming, Colorado and Montana, Idaho, Alta, Colorado, Vail , Colorado, Denver, Vail, Gypsum , Colorado, Vail —, Breckenridge, Dillon, Frisco, Bozeman , Montana, DianeBentleyRaymond, Getty Images Bozeman, Yellowstone, . Bozeman, Bozeman, Montana, Park City, Aspen

☆ Affordable Housing Crisis in US West: Why It's Hard to Build New Homes
▼ + stars: | 2023-09-13 | by ( Kyle Paoletta | ) www.businessinsider.com time to read: +15 min

The solution to keep prices under control seems fairly simple: Just build more housing. For a time, sprawl boosted housing supply and accommodated newcomers to the West: Nearly 60 million more people live in the region now compared with the 1950s. Running out of landWhen the economy crashed in 2008, housing construction screeched to a halt. All this red tape has caused a serious slowdown in much-needed housing construction. Build, build, buildDespite the unique challenges of building in the paradoxically wide-open West, some cities have been able to break through.

Persons: Mike Segrest, Megan Lawson, Kyle Stevens, Carrier Johnson, “, Lawson, Land Management . Nevada Sen, Catherine Cortez Masto, Kyle Roerink, Hillary Schieve, Schieve, Howard Blackson, Kyle Paoletta's Organizations: Forest Service, Southern Ute, Marin Headlands, Bureau, Land Management ., Water Network, Biggest, Biggest Little City, Housing Administration, Harper's Magazine, New York Magazine, Oasis Locations: Colorado, Durango ., it's, Animas, San Juan Mountains, Durango, Las Vegas, Montana, Houston, Minneapolis, Rocky, Phoenix, Denver, Mississippi, San Diego, San Jose , California, Marin County, San Francisco, Santa Fe , New Mexico, Jackson , Wyoming, California, Land Management . Nevada, Vegas, Reno , Nevada, Reno, Cumulatively, Biggest Little, Summit, Washington

☆ My miserable, euphoric, muddy escape from Burning Man
▼ + stars: | 2023-09-07 | by ( Rob Price | ) www.businessinsider.com time to read: +14 min

Social media was having a field day turning Burning Man into the epicenter of schadenfreude and misinformation, the few people who managed to connect to the internet reported. AdvertisementAdvertisementThe reality of Burning Man was not quite so dire. 2023 was my first year at Burning Man. I'd wanted to go to Burning Man for years. Even before the floods, there was an uncomfortable tension to Burning Man.

Persons: Joy, I'd, JULIE JAMMOT, Betty, preemptively, There's, they'd, Twitter, Zeynep Tufekci, Tufekci, I've, Ansel, we'd, Rob Price Organizations: FEMA, National Guard, Social, Getty, New York Times, Rock City, YouTube Locations: Nevada, San Francisco, Silicon, playa, AFP, Somme, Northern Nevada, Rock, American, Ansel Adams, Trail

☆ Forget snowbirds: 'Sweat birds' flee the heat of Texas and Arizona to spend summer in cooler northern climates
▼ + stars: | 2023-08-30 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

It allows them to partake in outdoor activities in the summer and provides a change of scenery. "I have never been happy with the heat," Woudenberg told Insider. "Sweat birds" — or "fire birds," which Woudenberg prefers — ditch the heat and opt for a cooler experience in the summer by relocating north. Northern California provides some relief from the Dallas heat for one sweat birdChuck Anderson is originally from Nebraska but has lived in Dallas since 1980. He naturally gravitates toward warmer climates, he said, but Dallas' summer weather has become a bit too much.

Persons: Cindy Woudenberg, Woudenberg, it's, Mike Pennekamp, Galia, Mike, Chuck Anderson, Kim Anderson, Chuck Anderson Anderson, Anderson, Kim, Dallas, Realty Anderson Organizations: Service, Midwest, Dallas, Anderson, Realty Locations: Wall, Silicon, Phoenix, Woudenberg, Baldwin , Michigan, Grand Rapids, Arizona, Arizona and Michigan, Michigan, In Michigan, Lake Michigan, Florida, Idaho, Miami, snowbirds , Florida, South Florida, Driggs , Idaho, Jackson , Wyoming, North Carolina, Teton, California, Nebraska, Dallas, Colorado , Idaho, Montana, Truckee , California, Nevada, Reno, Lake Tahoe, Truckee

☆ Powell signals no retreat, no surrender
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +4 min

Federal Reserve Chair Jerome Powell walks in Teton National Park where financial leaders from around the world gathered for the Jackson Hole economic symposium outside Jackson, Wyoming, U.S., August 26, 2022. There's no doubt that the U.S. central bank is nearing the end of its mission to wrestle down inflation. Headline consumer price pressures are rapidly abating, thanks to a wholesale retreat in food and energy prices. "It is the Fed's job to bring inflation down to our 2% goal, and we will do so," he said. This week, investors get a dose of top-tier data to help shape their view on the Fed's next move.

Persons: Jerome Powell, Jackson, Jim Urquhart, Amanda Cooper, it's, Mohammed El, Erian, payrolls, Kirsten Donovan Organizations: REUTERS, Federal Reserve, Futures Trading, Reuters Graphics Reuters, Reuters, Dallas Fed, Thomson Locations: Teton, Jackson , Wyoming, U.S

The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. "I think Powell’s main effort is going to be explaining to what degree you want to hold (interest rates) higher for longer in the current outlook." Investors in contracts tied to the Fed's benchmark interest rate currently expect the Fed to begin reducing the policy rate next year from the current level set between 5.25% and 5.5%. Fed officials in fact have begun discussing the possibility of rate cuts down the road, at least in the context of steadily falling inflation. If inflation does decline as expected, Fed officials including Powell have suggested rate reductions might be appropriate to maintain a roughly constant inflation-adjusted "real rate."

Persons: Jerome Powell, Jackson, Jim Urquhart, JACKSON, Antulio Bomfim, Powell, who've, isn't, Adam Posen, William English, Donald Kohn, Howard Schneider, Andrea Ricci Organizations: REUTERS, Federal, Kansas, Fed, Northern Trust, Bank of England's, Committee, Peterson Institute for International Economics, Yale School of Management, Brookings Institution, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Washington

☆ CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near Jackson Hole, Wyoming. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. But there are other market themes that investors should know about, according to Goldman Sachs.

Persons: Jerome Powell, paring, CNBC's Lucy Handley, Singh Puri, CNBC's Tanvir Gill, Puri, Goldman Sachs Organizations: Federal Reserve, Jackson, Grand Teton, CNBC, Nvidia, Nikkei, AMD, Intel, Petroleum, Natural Gas Locations: Jackson Hole , Wyoming, Asia, Pacific, China, Europe, India, Moscow

☆ Jackson Hole: Fed policy collides with reality in the most unequal county in America
▼ + stars: | 2023-08-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Central bank officials from across the world have descended upon Jackson Hole, Wyoming this week to discuss policy decisions that will shape the economy for years to come. That’s because Jackson Hole is the most economically unequal place in the United States, according to the Economic Policy Institute. What’s happening: The snow kissed peaks and verdant valleys of Jackson Hole, Wyoming — where Federal Reserve Chair Jerome Powell is due to give a highly anticipated speech on Friday — aren’t just awe-inspiring. Among the top 1% in Teton County (where Jackson Hole is located), the average annual income is a jaw-dropping $22.5 million. The extreme wealth disparity in Jackson Hole is a perfect example of that dichotomy.

Persons: Jackson, Jerome Powell, aren’t, They’re, ”, Kenan Fikri, “, they’re, Powell, ” Jackson, That’s, Allison Morrow, Krystal Hur, it’s, Anna Bahney, Black Knight, Knight, Andy Walden Organizations: CNN Business, Bell, New York CNN, Economic, Institute, Census Bureau, Economic Innovation, Nvidia, Revenue, Wall, Federal Reserve, Black Locations: New York, Jackson Hole , Wyoming, United States, Teton County, Wyoming, Jackson, Teton, Santa Clara , California

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