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☆ Carlin Dunne: Four-time Pikes Peak winner’s mom remembers her son on fifth anniversary of his death
▼ + stars: | 2024-06-28 | by ( Don Riddell | ) edition.cnn.com time to read: +11 min

CNN —Romie Gallardo always knew the risks her son Carlin Dunne faced when he raced motorbikes. Carlin Dunne loved anything on two wheels -- BMX, mountain bikes, dirt bikes and street bikes. He was designed to ride that place.”According to his mother, Dunne was born with speed in his blood. I’m not in charge of your happiness and if you’re doing something that makes you happy then that’s all I can really ask for.’”The Pikes Peak International Hill Climb took place over a 12.42 mile course with 156 corners finishing at 14,110 feet at the summit of Pikes Peak. CNN's Don Riddell first interviewed Carlin Dunne just days before his death in 2019.

Persons: CNN — Romie Gallardo, Carlin Dunne, he’d, Dunne, ‘, Rennie Scaysbrook, Dunne hadn’t, Carlin, ” Scaysbrook, “, ”, Suzuki RM50, I’m, ’, Jon Wallace, Jason Chinnock, ” Chinnock, ” Dunne, Anneke Beerten, Beerten, Marcus Boyle, Boyle, Chinnock, Romie Gallardo, Scaysbrook, ’ ”, “ I’ve, it’s, ” Carlin Dunne, Rainier Ehrhardt, Gallardo, Dunne’s, “ That’s, CNN's Don Riddell, me Organizations: CNN, Ducati, Suzuki, Honda, Ascot, North Locations: Colorado, Willow Springs, Los Angeles, Santa Barbara, Montecito, Colorado Springs , Colorado, North America

☆ The British Aren’t Coming. They’re Here.
▼ + stars: | 2024-06-08 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

Facing financial challenges and political division, several of America’s largest news organizations have turned over the reins to editors who prize relentless reporting on a budget. Will Lewis, a veteran of London’s Daily Telegraph and News UK, is now the chief executive of The Washington Post, where reporters have raised questions about his Fleet Street ethics. He recently ousted the paper’s American editor and replaced her with a former colleague from The Telegraph, dumbfounding American reporters who had never heard of him. Michael Bloomberg, a noted Anglophile, hired John Micklethwait (former editor of the London-based Economist) in 2015 to run Bloomberg News. Rupert Murdoch tapped Keith Poole (The Sun and The Daily Mail) to edit The New York Post in 2021, the same year that The Associated Press named an Englishwoman, Daisy Veerasingham, as its chief executive.

Persons: Will Lewis, Emma Tucker, Mark Thompson, ”, Michael Bloomberg, John Micklethwait, Rupert Murdoch, Keith Poole, Daisy Veerasingham Organizations: London’s Daily Telegraph, News, The Washington Post, The Telegraph, Sunday Times, Wall, CNN, Bloomberg, Sun, The Daily, York, Associated Press Locations: American, London

☆ David Zervos: Blame traders living in rate cut la-la land — not the Fed — for recent market turbulence
▼ + stars: | 2024-05-08 | by ( David Zervos | Jefferies Chief Market Strategist | ) www.cnbc.com time to read: +3 min

This year the rate markets have come back to a more sensible reality after flirting with the la-la land of 7 cuts. And all the while, the more sensible equity markets have paid only fleeting attention to their rate brother's whining. As a guy who was brought up in the fixed income and currency markets, I'm increasingly finding more sensibility in the equity markets as I head into later stages of my career. Having five-year inflation expectations (as measured by the 5-year breakeven inflation rate) never ramp higher while cumulative inflation surged around 20% since January 2021 is a testament to his stalwart success. There have been no fumbles at the Fed so far during a protracted fight to ensure anchored inflation expectations and long term price stability.

Persons: Consensonomics, Jerome Powell's, Jay, Janet Yellen's, Janet, Stanley Druckenmiller, I'm, David Zervos Organizations: Equity

☆ Eli Lilly's top-selling drug last year is softening. But it may not matter for the stock
▼ + stars: | 2024-04-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Sales of some Eli Lilly drugs — including its best-selling product last year — appear to be softening, according to Wall Street analysts. JPMorgan flagged similar trends for Trulicity, which led all Lilly drugs with $7.13 billion in sales for all of 2023. The thesis is predicated on Eli Lilly growing faster than the broader pharmaceutical industry for years to come. Over the past three years, shares of Eli Lilly have soared nearly 300%, compared with a 24% gain for the S & P 500 . A box of the drug trulicity, made by Eli Lilly Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020.

Persons: Eli Lilly, Wells, Lilly, Mounjaro, Jim Cramer, tirzepatide, Zepbound, Eli Lilly's, Novo, Wegovy, drugmaker, Jim Cramer's, Jim, Eli Lilly Pharmaceutical, George Frey Organizations: Wall Street, JPMorgan, Club, Novo Nordisk, Novo, BMO Capital Markets, Drug Administration, FDA, The Club, CNBC Locations: Wells Fargo, Trulicity, Tirzepatide, Danish, Lilly, Provo , Utah

☆ Pacific castaways’ ‘HELP’ sign sparks US rescue mission – and an unexpected family reunion
▼ + stars: | 2024-04-11 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

So the castaways gathered palm fronds from the 31-acre island, arranged them to spell out “HELP” on the beach, and waited, according to a Coast Guard statement. The names of the stranded men have not been released by the Coast Guard, and CNN attempts to contact their relatives have not gotten replies. When the Coast Guard cutter Oliver Henry reached Pikelot on April 9, the story took another twist. “He couldn’t believe I’m with the Coast Guard trying to rescue them.”The man was a third cousin, the others fourth cousins, he said. “It could be coincidence,” said Chief Warrant Officer Sara Muir, public affairs officer for US Coast Guard Forces Micronesia.

Persons: Sgt, Richard Ebensberger, Chelsea Garcia, ” Garcia, Oliver Henry, Eugene Halishlius, Halishlius, ” Halishlius, ”, Sara Muir Organizations: CNN, US Navy, Coast Guard, US Coast Guard, Guard, Hawaii Air National Guard, Federated, Kadena Air Base, Navy, Coast Guard HC, Air, Coast, US Coast Guard Forces Micronesia, US Air Force, Andersen Air Force Base, Australian Locations: Micronesia, Pikelot, Guam, Polowat, Federated States, Pacific, Philippines, Hawaii, Okinawa, Japan

Navigating an abortion care desertFlynn says A Woman’s Choice will not close the doors to its Jacksonville clinic. Flynn said their clinics, particularly in North Carolina, are seeing patients who cannot access abortion care in states like Texas, Louisiana and Tennessee. “The stark reality is that the fabric of abortion care in our nation cannot absorb 84,000 patients.”“The entire South now, in a month, will be a desert for abortion care,” she added. In the meantime, Florida abortion providers are working to see as many patients as possible before the six-week ban goes into effect. Patients in dangerWith extreme restrictions on abortion care, providers are concerned that patients will take matters into their own hands.

Persons: Kelly Flynn, ”, Flynn, she’s, ” Flynn, what’s, “, ’ ” Flynn, That’s, Alexandra Mandado, Mandado, we’ve, ” Mandado, “ I’ve, ’ ”, “ We’re, they’re, Cherise Felix, Felix, ” Felix, Jamie R, Grosshans, Caroline Mala Corbin, “ It’s Organizations: CNN, ”, Guttmacher Institute, Florida Supreme, ” University of Miami Locations: North Carolina, Virginia, Florida, Jacksonville, Texas , Louisiana, Tennessee, East, North Florida

☆ Jon Stewart rips into Apple, his old boss, on The Daily Show
▼ + stars: | 2024-04-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Jon Stewart on “The Daily Show” Monday revealed what led to his abrupt exit from Apple and the cancellation of his short-lived show on its streaming TV platform. Stewart said that the tech giant prohibited from discussing artificial intelligence or interviewing Federal Trade Commission chair Lina Khan. Stewart and Khan discussed Big Tech monopolies, after the US Justice Department and more than a dozen states sued Apple last week in a blockbuster antitrust lawsuit that accused Apple of illegally monopolizing the smartphone market. Stewart said he had his own issues with Apple, telling Khan that he wanted to have her on the TV show’s companion podcast and “Apple asked us not do it.”“They literally said ‘please don’t talk to her,’” Stewart said. “The Problem with Jon Stewart” ran for two seasons from 2021 to 2023 on Apple TV+.

Persons: Jon Stewart, Stewart, Lina Khan, Khan, Apple, “ Apple, ”, ’ ” Stewart, “, Jon Stewart ”, Trevor Noah Organizations: New, New York CNN, Apple, Federal Trade Commission, Comedy, Big Tech, US Justice Department, FTC, Amazon, Justice Department, Caesars Entertainment, CNN Locations: New York, China, Israel

For more on the effort to oust House Speaker Mike Johnson from his job and the fight over Ukraine aid, watch “Inside Politics Sunday with Manu Raju” at 8 a.m. “”The speaker wants to put wins on the board for House Republicans, and we better start doing that. But whether or not Johnson keeps his speaker’s gavel may hinge on how he handles the next divisive policy issue coming down the pike: funding for Ukraine in its war against Russia. Over the two-week Easter recess, Johnson has been quietly working with key lieutenants to chart a course on his Ukraine strategy. “It was a terrible deal.”Democrats are signaling that they will save Johnson if he moves a Ukraine bill they can support.

Persons: Mike Johnson, Manu Raju ”, Mike Johnson strategized, Matt Gaetz, Gaetz, “, we’ve, ” Gaetz, … I’m, Johnson, Marjorie Taylor Greene, Johnson don’t, Greene, Kevin McCarthy, —, Mike, ”, Chip Roy, Texas, Roy, Anna Moneymaker, Thomas Massie of, ” Massie, Bob Good, McCarthy, She’s grandstanding, ” Good, Good, Ralph Norman of, Andrew Clyde of Georgia, Drew Angerer, Hakeem Jeffries, there’s, Haley Talbot, Sheden Tesfaldet Organizations: CNN, House Republicans, Ukraine, Russia, GOP, won’t, Republican, Republicans, U.S, Capitol, Caucus, ” Locations: Ukraine, Florida, Johnson’s, Georgia, Washington , DC, Thomas Massie of Kentucky, Virginia, America, Ralph Norman of South Carolina, Washington ,

☆ She’s the boss: The ‘she-conomy’ boom continues with new business growth
▼ + stars: | 2024-03-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

In 2019, that picture looked quite different: 29% of new business owners were women, according to Gusto. The US Census does not break out new business formation by gender, and the most recent available data on women-owned businesses is from 2021. The business growth and the community impact garnered her a Young Entrepreneur Award from the US Small Business Administration. Filling the (skilled trades) gapYelp also found that in 2023, women opened more new home services businesses than beauty businesses. “There has absolutely been an uptick in interest over the last few years in this [skilled trades] work” by women, Perez said.

Persons: Bernadette Corbeil, “, ”, Corbeil, she’s, ” Tara Lewis, Bernadette Corbeil Yelp, Yelp, Abby Vandenberg, Ventureneer, Geri Stengel, Wells, Marie, Cyr, Marie Saint, leapfrogged, Saint, ” Lewis, workforces, Allie Perez, Perez, didn’t, Blythe Zemel, Ginny Stogner McDavid, Bernadette Corbeil’s, I’ve, ’ ” Organizations: CNN, Artemis Construction, Wells, Marie Saint, Cyr, New York City Public Schools, US Small Business Administration, NYC, of Labor Statistics, National Association of Women, Construction, Alamo City, George Plumbing Company, Texas Women, AFL Locations: Wildwood , Missouri, hyperdrive, ”, New York, SIBSPlace, Rockville Centre , New York, New, Saint, San Antonio, Alamo, happenstance, Harris, In Missouri

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Dell, Netflix, Micron, Broadcom, Eli Lilly, New York Community Bancorp & more
▼ + stars: | 2024-03-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage of Evolent Health with an Outperform rating and $45 price target." Goldman Sachs downgrades Estee Lauder to neutral from buy Goldman downgraded the stock and said it's under "sizeable pressure." "We are upgrading Annexon (ANNX shares) to Overweight from Neutral and establishing a December 2024 price target of $11." Bank of America reiterates Eli Lilly as buy Bank of America raised its price target on the stock to $1000 per share from $800. "Following 4Q23 earnings we are upgrading GoodRx from Neutral to Overweight and increasing our December 2024 price target from $7 to $10."

Persons: Davidson, Campbell, Morgan Stanley, JD, TD Cowen, Parker, Dell, Goldman Sachs, Goldman, Louise Singlehurst, Tom Ford, Jefferies, Root, AVGO's, Stephens, Vita Coco, COCO, Piper downgrades, Piper, Redburn, Oppenheimer, Daiwa, Morgan Stanley downgrades Flywire, Goldman Sachs downgrades Estee Lauder, Estee Lauder, Dwight, Wells, Eli Lilly, Lilly, D.A Organizations: Apple, Vulcan, Merck, Vertex Pharmaceuticals, Bank of America, Broadcom, York Community Bancorp, Netflix, Micron, Mizuho, MU, Citi, EV, Health, Nvidia, Dwight, Hewlett Packard Enterprises, JPMorgan, biosciences, " Bank of America Locations: York, Davidson, Oshkosh, Minneapolis , MN

DOHA, Qatar (AP) — China's Pan Zhanle backed up his world record in the swimming relays by winning the men's 100-meter freestyle at the World Aquatics Championships on Thursday. The 19-year-old Pan swam the fastest 100 in history with a time of 46.80 seconds in the lead-off leg of China’s gold medal-winning 4x100 relay team. HIGH DIVINGWith a huge final dive, Britain's Aidan Heslop claimed the men's title off the 27-meter tower at Doha Old Port. WATER POLOCroatia advanced to the Saturday championship in men's water polo with a 17-16 semifinal victory over France on penalties. Italy claimed the other spot in the final with an 8-6 victory over Spain.

Persons: Zhanle, Pan, didn't, ” Pan, let's, ”, Caeleb Dressel, Kyle Chalmers, Alessandro Miressi, Hungary's Nandor Nemeth, Britain's Laura Stephens, Helena Rosendahl Bach, Lana Pudar, Rachel Klinker, ” Stephens, “, Sarah Sjöström, Swede, Aidan Heslop, France's Gary Hunt, Catalin, Petru Preda, James Lichtenstein, Heslop, you’ve, ” Heslop, ___ Organizations: Paris, Olympic, Doha, Doha Old Port, Croatia Locations: DOHA, Qatar, Paris, Australia, Italy, Denmark, Bosnia, Herzegovina, Doha, United States, France, Croatia, Spain

☆ I worked at Starbucks for a year. Here are 10 of the best things to order from the coffee chain.
▼ + stars: | 2024-02-06 | by ( Inga Parkel | ) www.businessinsider.com time to read: +5 min

I prefer things to be sweet and cold, but you can use these recommendations as a baseline and adjust your order to your own preferences. Read on for my favorite things to order at Starbucks. ShutterstockAn iced caramel macchiato is currently my favorite order when I'm looking for a fancier drink — as long as the barista doesn't skimp out on the caramel drizzle (the most important part). A classic soy-milk latte is the perfect pick-me-upI'll order a soy latte hot or iced. The glazed doughnuts are the perfect companion to a cup of coffeePastries are one of my favorite things to pair with coffee.

Persons: —, I've, Abigail Abesamis, James Andrews1, I'm, Mary Meisenzahl Organizations: Service, Starbucks, Business, creamer Locations: Chicago, scone, Gouda

☆ PepsiCo's Parth Raval on 2024: We have to get better and more sophisticated at planning
▼ + stars: | 2023-12-30 | by ( Josée Rose | ) www.businessinsider.com time to read: +6 min

AdvertisementParth Raval is a big fan of planning, especially at a company like PepsiCo. As chief growth officer for PepsiCo Foods North America, Raval has to balance the short term with the long term. Continuing to build out and accelerate agendas around longer-range planning across supply and demand, and using technology to help us be more granular. I think this was manifested in longer-range planning across supply and demand, as macroeconomic factors created an imbalance at times. It's actually something we're going to turn to in 2024 to do better, longer-range planning.

Persons: Raval, —, he'd, there's, — we'd Organizations: PepsiCo Foods North America, Service, PepsiCo, PepsiCo Foods North, Quaker, Business Locations: Business, PepsiCo Foods North America, America

☆ 25 healthcare startups that are set to take off in 2024, according to top VCs
▼ + stars: | 2023-12-18 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com time to read: +1 min

AetionAetion's website. AetionPicked by: Lynne Chou O'Keefe, the founder and managing partner of Define VenturesWhat the company does: Aetion provides pharmaceutical companies, payers, and regulators with real-world evidence they can use to inform decisions. Aetion provides the real-world evidence that insurers, pharmaceutical companies, and regulatory agencies need to evaluate the value of drugs and inform those conversations, she said. "The cost of specialty drugs, what's happening in the Inflation Reduction Act — all are bellwethers that we need a more value-based-oriented system around therapeutics going forward," she said. — Shelby Livingston

Persons: Aetion, Lynne Chou O'Keefe, O'Keefe, — Shelby Livingston

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 8 (Reuters) - If the notorious 'term premium' is evaporating again, then last month's bond rout may just have been a nightmare. "If that's coming from term premium and it's tightening, then we have got to take that into account." As Summers estimated this week, a term premium just back at 60-year averages would put it at 150bps - 130bps above current levels. Morgan Stanley estimates an additional near $1 trillion in gross debt sales from G7 governments are coming down the pike next year. Morgan Stanley chart on G7 debt sales in 2024Reuters GraphicsThe opinions expressed here are those of the author, a columnist for Reuters.

Persons: Dado Ruvic, Christopher Waller, Larry Summers, selloff, York Fed's, Jerome Powell, Austan Goolsbee, Lisa Cook, Summers, Morgan Stanley, Mike Dolan, Josie Kao Organizations: REUTERS, Federal Reserve, Treasury, Fed, ., The, NY, Reuters Graphics Reuters, Reuters, Chicago Fed, Congress, Thomson Locations: York, midyear, 150bps

☆ Morning Bid: Market bounce sets up Fed-dominated week ahead
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +5 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. A worrying late-year stock market unwind is starkest in small-cap indexes (.RUT) now tracking year-to-date losses of some 7% - even as the benchmark S&P500 (.SPX) remains up 7% and Big Tech leaders of the Nasdaq 100 are still 30% (.NDX) higher. Annual earnings growth for S&P500 companies is now expected to have picked up to a 4.3% annual growth rate, according to LSEG estimates, from as low as 1.6% before the reporting season began. But beyond Fed policy rates, it's the restive bond market and near 16-year-high long-term borrowing costs that are starting to hurt most. U.S. 10-year Treasury yields held steady at 4.85% - well below the 5% threshold they breached last week.

Persons: Brendan McDermid, Mike Dolan, keener, Russell, China Evergrande, Simon Property, Louis, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Big Tech, Nasdaq, Tech, Federal Reserve, Detroit's Big, Apple, HSBC HSBA.L, Swiss, Swiss National Bank, Bank of Japan, China, HK, Dallas Fed, Western Digital, FMC, Arista Networks, Arch, Semiconductor, Treasury, Reuters, Louis Fed, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Gaza, London, Europe, Hong Kong, Loews, St

☆ 50 new EVs are hitting the US soon. It's not clear if there are buyers for them.
▼ + stars: | 2023-10-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

More and more electric vehicles are coming even as demand slows. Some of the new models in the pipeline might appeal more to the new demographic of EV shopper. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Reckoning with the new reality for EV shoppersThis year is stacking up to be huge for electric vehicle growth.

Persons: —, We've, Stephanie Valdez, Streaty, Valdez Organizations: Dealers, Service, Industry, Streaty, Cox Automotive, Ford, GM Locations: wean

Speaking at this week's global finance meeting in Riyadh, HSBC boss Noel Quinn warned of a potential "tipping point on fiscal deficits" for a number of countries across the world. And some analysts fear the uncertainty of next year's funding crush is filtering out the steepening yield curve via the term premium. Term premium at highest in 8 yearsReuters GraphicsCBO long-term US debt and deficit projections'DOOM LOOP'? That's spooky enough, until you start to factor in the recent yield spike and or a return of the term premium to 60-year averages of 150 bp. Tipping point or not, there's a danger the market is starting crystallise the problem it fears most.

Persons: Sukree, Noel Quinn, it's, that's, Stephen Jen, Jen, Goldman Sachs, Jeremy Hunt, Mike Dolan Organizations: HSBC, New York Fed, Federal Reserve, Fed, JPMorgan, Treasury, CBO, Moody's, Reuters Graphics Reuters, Reuters, Thomson Locations: Kasikornbank, Bangkok, Riyadh, U.S, Washington, Europe, Italy

Mike Rizzo spent his first five years with the Washington Nationals painstakingly assembling a roster designed to make the club competitive enough to win a World Series. Washington signed Rizzo to a multiyear extension on Wednesday that will give the 62-year-old a chance to see if history can repeat itself. Jackson Rutledge, a first-round pick by Washington in 2018, will make his major league debut on the mound Wednesday. “Nobody aims to win 70 games in a season, they want to win 90 games in a season. “They’re looking forward to coming out the other end and start being a contender in this league,” Rizzo said.

Persons: Mike Rizzo, Washington, Rizzo, ”, Max Scherzer, Trea Turner, Juan Soto, C.J . Abrams, Soto, MacKenzie Gore, Jake Irvin, Jackson Rutledge, “, ” Rizzo, That's, Davey Martinez, Davey, Stephen Strasburg, Scherzer, Lerner, Patrick Corbin, — Organizations: Washington Nationals, Nationals, D.C, ”, Houston, NL East, Pittsburgh, Washington, Atlanta, Strasburg Locations: Washington, “, San Diego, Philadelphia, Strasburg

☆ The US economy grew more slowly in the second quarter than previously estimated
▼ + stars: | 2023-08-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —The US economy grew more slowly in the second quarter than previously estimated — a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 2.1% in the second quarter, according to the Commerce Department’s second estimate, released Wednesday morning. The second estimate factored in greater consumer spending, government outlays and exports, compared with the initial estimate. Economic growth in the second quarter was mostly broad based, but there were some signs of weakened demand for goods purchases and imports. Consumer spending, which accounts for about 70% of economic output, was revised slightly higher in the second estimate.

Persons: ”, Bill Adams, Barbie, Taylor Swift, Jerome Powell, ” Powell, Biden, Lydia Boussour, “ Organizations: DC CNN, Federal Reserve, Gross, Commerce, Consumer, Comerica Bank, The Commerce Department, Kansas City, Atlanta Fed, Fed Locations: Washington, United States, Wells Fargo, EY

☆ Federal Reserve Chair Jerome Powell hints at more bad news for consumers
▼ + stars: | 2023-08-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday. “Additional evidence of persistently above-trend growth could put further progress on inflation at risk and could warrant further tightening of monetary policy,” Powell said. “So what does that mean for monetary policy? The Fed chair said higher interest rates are likely pulling on the economy’s reins, implying that r* might not be structurally higher, though he said it’s an unobservable concept. But we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level of monetary policy restraint,” Powell said.

Persons: Jerome Powell, Powell, ” Powell, ” William English, Jason Furman, ” Organizations: DC CNN, Kansas City, Fed, Financial, Atlanta Fed, National Federation of Independent, Yale University, Fed’s, Governors, CNN, Commerce Department, Index, Harvard Locations: Washington, Jackson Hole , Wyoming

☆ A $49,000 monthly student-loan bill and incomplete debt relief: Borrowers are facing confusion as repayment looms
▼ + stars: | 2023-08-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Some student-loan borrowers are running into hurdles leading up to the payment resumption. Insider spoke to borrowers with inaccurate monthly statements and incomplete debt relief. Jess's incorrect monthly payment statement is just one of the challenges borrowers are facing as President Joe Biden's Education Department and federal student-loan companies work to transition millions of borrowers back into repayment. This announcement was part of the department's one-time account adjustment to get relief to borrowers who have reached the repayment threshold. "Right now, House Republicans are pursuing an appropriations bill that cuts $22.5 BILLION from education," Education Secretary Miguel Cardona wrote on X last month.

Persons: Jess, couldn't, Jess —, —, she's, there's, Joe Biden's, Scott Buchanan, servicers —, Buchanan, we've, Karin Smith, Smith, I'm, It's, haven't, Miguel Cardona Organizations: Service, Joe Biden's Education Department, Student Loan, —, Education Department, The Education Department, House Republicans, Republican Locations: Wall, Silicon

☆ Gov. Ron DeSantis angers Trump supporters suggesting they are 'listless vessels' – echoes Clinton's 'deplorables' jab, they say
▼ + stars: | 2023-08-20 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Ron DeSantis criticized those who have blind allegiance to Donald Trump, calling them "listless vessels." Ron DeSantis has angered Trump supporters by appearing to call them "listless vessels." To Ron DeSantis, they are 'listless vessels.' Trump spokesperson Steven Cheung also weighed in: "DeSantis goes full-blown Hillary and calls MAGA supporters 'Listless Vessels." "The dishonest media refuses to report the facts—Donald Trump and some congressional endorsers are "listless vessels."

Persons: Ron DeSantis, Donald Trump, Trump, Trump spokespeople, Hillary Clinton's, DeSantis, that's, Hillary, Chip Somodevilla, Karoline Leavitt, Hillary Clinton, Steven Cheung, MAGA, Bryan Griffin, Griffin, Vivek Ramaswamy, Tucker Carlson Organizations: GOP, Service, Gov, Trump, Republican, Florida, Republican US, Make, DC, New York Times, Fox News Locations: Wall, Silicon

☆ Yellen upbeat on US economy, says Bidenomics is driving investment, job growth
▼ + stars: | 2023-08-14 | by ( Andrea Shalal | ) www.reuters.com time to read: +5 min

U.S. Treasury Secretary Janet Yellen speaks during a press conference at the U.S. embassy in Beijing, China, July 9, 2023. Yellen said China's slowing growth, Russia's war in Ukraine and climate change could still pose risks to the U.S. economy and did not rule out a recession, but she felt upbeat. "I feel very good about U.S. prospects overall," Yellen told reporters, noting that inflation and the unemployment rate had both dropped below 4%, and that the U.S. economy was continuing to expand. "These are real Americans back at work – able to put food on the table, support their families, and save for retirement." Reporting by Andrea Shalal in Las Vegas; Editing by Diane Craft, Matthew Lewis and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Thomas Peter, Joe Biden's, Yellen, Biden, Andrea Shalal, Diane Craft, Matthew Lewis, Sonali Paul Organizations: Treasury, U.S, REUTERS, Thomas, Thomas Peter Companies Ipsos, LAS, International Brotherhood of Electrical Workers, National Conference of State Legislators, Workers, International Energy Agency, Thomson Locations: Beijing, China, Nevada, Vegas, United States, Ukraine, U.S, Las Vegas

☆ I got an early look at Volvo's $34,950 electric SUV and saw why it's one of the best Tesla rivals yet
▼ + stars: | 2023-07-26 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

I got an early look at Volvo's $35,000 electric SUV coming in 2024. The little EX30 packs an estimated 275 miles of range and a stylish, minimalist interior. It's one of the most exciting Tesla rivals yet. The little SUV serves up stylish looks, enough range for most people, and a minimalist interior that improves upon the sort of uncluttered, tech-forward design that Tesla pioneered. All that, plus the electric SUV's bargain-bin starting price, makes the EX30 one of the most exciting Tesla rivals coming down the pike.

Persons: Elon Musk's Tesla, Tesla Organizations: Volvo

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