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Fed Powell lack of progress correction
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Powell's comments follow inflation data through the first three months of 2024 that has been higher than expected. An earlier version misstated the year.
Treasury Department plans to impose Iran sanctions correction
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
This article has been updated to correct that Yellen's comments were from remarks ahead of the International Monetary Fund and World Bank's Spring Meetings this week.
Organizations: International Monetary Fund
The Supreme Court's conservative majority appeared skeptical of a charge federal prosecutors have lodged against hundreds of people who attacked the US Capitol on January 6, 2021. While the court’s three-justice liberal wing signaled support for the charge, the conservative majority raised a series of skeptical questions about its potential scope and whether it would criminalize other conduct, such as protests. The charge can tack up to 20 years onto a prison sentence. Joseph Fischer, a former Pennsylvania police officer and January 6 defendant who brought the case to the Supreme Court, argued that the law at issue, created in response to the Enron scandal in 2001, was intended to stop witness tampering, not riots. During more than an hour and a half of arguments, Chief Justice John Roberts and Justices Brett Kavanaugh, Neil Gorsuch and Samuel Alito were among those who appeared to take issue with the government’s reading of the law.
Persons: , Joseph Fischer, John Roberts, Brett Kavanaugh, Neil Gorsuch, Samuel Alito Organizations: Capitol, Enron Locations: Pennsylvania
Mussolini’s Rome bunker opens to the public
  + stars: | 2024-04-16 | by ( Julia Buckley | ) edition.cnn.com   time to read: +3 min
The first, in 1940, was an adaptation of an old wine cellar in the grounds of Villa Torlonia. A multimedia exhibition in the air raid shelter focuses on the effects of bombing raids on civilians. Sovrintendenza Capitolina ai Beni CulturaliAfter its last closure in 2021, it has now reopened for guided tours of the air raid shelter and the bunker. Guided, 50-minute tours take visitors underground and through the exhibition, before they experience a recreated air raid in Mussolini’s unfinished bunker. Tours last 50 minutes and go through the air raid shelter and the bunker.
Persons: we’ll, Stanley Tucci, Benito Mussolini, Villa Torlonia, Mussolini, Villa, Culturali, Sovrintendenza, Beni Organizations: CNN, intel, Casino, Nobile, Villa Torlonia, San Locations: Italy, Rome, Villa Torlonia, Casino Nobile, San Lorenzo
CNN —Ditching the US and relocating close to the French Pyrenees wasn’t part of Taylor Barnes’ life plan. ‘Visually inspiring’US artist Taylor Barnes, from Los Angeles, relocated to the medieval village of Saissac close to the French Pyrenees in 2021. Taylor Barnes“I considered, among many things, where I would like to live out the last quarter of my life,” Barnes tells CNN. Cozy hideawayIn 2019, Barnes bought an abandoned crawfish restaurant and converted it into a residency for artists. Since moving to Saissac, Barnes says she has happily embraced a slower-paced lifestyle.
Persons: Taylor Barnes, Barnes, Taylor Barnes “, ” Barnes, , , she’d, Cozy hideaway, Dennis Miranda Zamorano, Sonya, Berger Blanc, apéros, She’s, it’s, Carte, Barnes isn’t Organizations: CNN, Berger Blanc Suisse, Barnes Locations: Los Angeles, Saissac, Aude, France, Montagne, French, California, Spain, Saissac ., England, Ireland, Netherlands, America
US Defense Secretary Lloyd Austin speaks during a meeting with Iraqi Prime Minister Mohammed Shia al-Sudani at the Pentagon on Monday. Austin and Israeli Minister of Defense Yoav Gallant discussed the aftermath of Iran’s unprecedented attack on Israel over the weekend, the readout said. The secretary also reiterated “steadfast” US support for Israel’s defense. Austin previously asked Gallant to notify the US ahead of any potential response to the Iranian attack, according to a US official. The two had spoken hours after Iran had launched a barrage of drones and missiles at Israel.
Persons: Lloyd Austin, Mohammed Shia, Chris Kleponis, Defense Lloyd Austin, , Yoav Gallant, Austin, Gallant Organizations: US, Iraqi, Pentagon, Getty, Defense, Austin Locations: AFP, Israel, Iran
Better known to the rest of the world as mango sticky rice, it’s a deceptively simple dish. And few have perfected that balance as well as 63-year-old Varee Jeensuwan, the undeniable queen of mango sticky rice in Bangkok. In 2022, she performed at the Coachella music festival in California and ended her show by digging into a bowl of mango sticky rice. K Panich has been dishing out mango sticky rice since 1932. According to R-Haan co-owner/chef Chumpol Jangprai, there’s evidence suggesting mango sticky rice has been around since Thailand’s late Ayutthaya period (1351-1767), with references to the dish found in the centuries to follow.
Persons: Mae Varee, , Bangkok's Mae Varee, Lauren DeCicca, Rong, , Nam Dok Mai, Chiang Rai, Milli, Panich, Pongpat, – it’s, Bib, Khun Nan, Mai, it’s, It’s, Haan, Chumpol Jangprai, Rama V’s Organizations: CNN, Bangkok CNN, Coachella, Haan Locations: Bangkok, Thailand, Bangkok’s, Thonglor, Mae, Bangkok's, province’s Bangkhla, Damnoen Saduak, Ratchaburi province, , nieow, Thailand’s, Suratthani, China , Hong Kong, Singapore, Thai, California
China refused to condemn Iran's missile attack on Israel. AdvertisementChina refused to condemn Iran's missile and drone attack on Israel as it seeks to position itself as a key player in the Middle East. The statement was notable because it contained no condemnation of Iran's attack on Israel on Saturday. The US has sought to enlist China is helping to prevent a bigger regional war, the State Department said. In the readout, China praised Iran for acting with restraint in its response to Israel's embassy attack.
Persons: , Wang Yi's, Hossein Amir, Amir, Abdollahian, Wang, Israel's, Xi Jinping, Ebrahim Raisi, Benjamin Netanyahu Organizations: Service, Foreign, Saturday, Iran, Iranian, Lebanese, Hezbollah, Israel's, US, State Department Locations: China, Israel, Iran, Damascus, Syria, Iranian, Saudi Arabia, Gaza, Beijing
And yes, we know Cuban's tax bill won't go directly to paying for these programs, but for the sake of context, here's what his taxes could have funded. Cuban's $275.9 million contribution to the US government could fully back the department with nearly half still left over. Cuban's million could easily cover congressional paychecks and even account for President Joe Biden's $400,000 salary and Vice President Kamala Harris' $235,100 salary. So, Cuban's $275.9 million wouldn't quite be able to cover the potential three-hour DOD cost at $291,095,890.41. While $275.9 million might not seem like it would make a dent in that astronomical number, every little bit helps!
Persons: Mark Cuban, Donald Trump, , Joe Biden, Jill Biden, Joe Biden's, Kamala Harris, It's Organizations: Service, Trump, Business, Government, Fund, NTSB, Transportation Safety Board, Transportation, DOD, Department of Defense, CNBC
US Navy warships fired SM-3s to intercept Iranian ballistic missiles last weekend. AdvertisementUS Navy warships used a missile interceptor for the first time in combat over the weekend as they defended Israel from an unprecedented Iranian attack. AdvertisementA developmental Standard Missile-3, designed to intercept short to medium-ranged ballistic missile threats, is launched from the Pearl Harbor-based Aegis cruiser USS Lake Erie. There are multiple SM-3 variants, which can be fired from a Navy warship's vertical launching system, and the Block I interceptors were first fielded nearly 20 years ago. US Central Command said American forces, specifically, destroyed more than 80 drones and at least six ballistic missiles.
Persons: Navy Carlos Del Toro, , Del Toro, Arleigh Burke, Carney, Del Toro's, Thomas Hudner, Kerri Kline, CENTCOM, Iran's Organizations: Navy, Service, Aegis, Getty, Combat, for Strategic, International Studies, Missile Defense, US Navy, Mass Communications, Central Command, American Locations: Israel, American, Tehran, Iran, Lake Erie, East
Taylor Swift's new album "The Tortured Poets Department" will arrive on Friday, April 19. The quiet rollout strategy says a lot about Swift's stature in the pop-music landscape. Die-hard fans say it's a masterpiece, destined to win Swift her fifth Grammy Award for album of the year. The aforementioned fans who insist "Poets" will dominate charts and break records have no idea what the album sounds like. The particulars of each rollout strategy are rendered irrelevant, dwarfed by the all-consuming enormity of her own personal news cycle.
Persons: Taylor, , Taylor Swift, Swift, — Maja, Carole King, Fleetwood Mac, Swiftmania, wouldn't Swift, Swifties, Beyoncé, Cowboy Carter Organizations: Department, Service, Spotify Locations: Chicago, Los Angeles, Texas
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Theodore BerganThe Pentagon's planned future use of the F-35, as well as the stealth aircraft's overall availability over the past few years, have both decreased. The GAO said it has consistently found that the F-35 fleet is not meeting availability and performance goals, even as projected costs for the program go up. The Pentagon "has pursued cost savings efforts and continues to look for new ways to reduce costs," the GAO explained in its report. However, it cautioned, "officials generally agree that these efforts are not likely to fundamentally change the estimated costs to operate the aircraft."
Persons: , Theodore Bergan, Duncan Bevan, Lockheed Martin Organizations: Service, Pentagon, Office, Business, Department of Defense, Navy, Air Force, Marine Corps, Marine Corps Air, US Marine Corps, Staff, GAO, Force, US Central Command, US Air Force, Lockheed Locations: Point , North Carolina, Israel, Iranian
In today's big story, we're looking at a critical tech review that caused a bit of a stir on social media . AdvertisementIn a 25-minute video , Brownlee details all the issues he encountered using the AI device. Earlier this year, a negative video of Fisker's Ocean SUV by Brownlee also made waves on social media . Mario Tama/Getty Images; Chelsea Jia Feng/BICritical reviews in the age of innovation raise some interesting questions. Last week's drop among tech stocks shouldn't scare away investors , according to Wedbush.
Persons: , Michael Pollan, Roy Rochlin, Marques Brownlee, Brownlee, X, Mario Tama, Chelsea Jia Feng, It's, Insider's Peter Kafka, Peter, Katie Notopolous, Goldman, David Solomon, Kevin Winter, Eric Newcomer, Rebecca Zisser, Caitlin Clark, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, YouTube, Apple, Apple Vision, Humane, America, JPMorgan, National Bureau, Statistics, Amazon Prime, Street Journal, Justice Department, Ticketmaster, United Airlines, Bank of America, The Locations: San Francisco, New York, Tokyo, London, Dublin
Space garbage hits Florida home, NASA confirms
  + stars: | 2024-04-16 | by ( Jackie Wattles | ) edition.cnn.com   time to read: +5 min
CNN —A piece of garbage jettisoned from the International Space Station unexpectedly survived a fiery reentry from orbit last month and pierced the roof of a home in Florida, according to NASA. Garbage disposal in spaceNASA routinely brings home batches of science experiments, cargo and garbage from the space station using capsules such as the Dragon spacecraft built by SpaceX. But after the installation of new batteries on the space station in 2021, authorities disposed of a pallet of aging nickel-hydrogen batteries in a different way. But the debris that struck Otero’s house was the result of miscalculations about how space garbage would behave. The space agency should be more conservative in its analysis if it attempts a similar trash disposal method in the future, he added.
Persons: ” Alejandro Otero, Otero, ” Otero, “ I’m, Otero’s, John Crassidis, ” Crassidis Organizations: CNN, International, NASA, WINK News, Kennedy Space Center, SpaceX, European Space Agency, ESA, China National Space Administration, University, Buffalo’s School of Engineering, Applied Locations: Florida, Naples , Florida, China
"There's a lot going on in the space," said Judy Kimball, a senior director of investor marketing at Yipit. Initial Data Offering launched last December, and its user base has grown rapidly, according to Ober. The site is simple — it's a place where data vendors can share new products, and data buyers can get in touch with sellers on items that interest them. Now, his side hustle is growing faster than he could have imagined, and he hopes to expand beyond the typical hedge fund crowd. Because this isn't Ober's day job, the build-out can be less about revenue and more about growing the community.
Persons: Carlyle, aren't, Judy Kimball, It's, Lowenstein Sandler, Matt Ober, Ober, Kimball, Yipit Organizations: Business, IDO Locations: San Diego, Ober
Caitlin Clark showed up to the WNBA Draft dressed in Prada from head to toe. According to Business Insider's calculations, Clark's outfit costs $16,875 — or about 22% of her first-year WNBA salary. AdvertisementA close-up of the satin Prada outfit Clark wore to the WNBA Draft. A composite image of the Prada sunglasses and the patent leather Galleria bag that Clark wore to the WNBA draft. AdvertisementAccording to BI's calculations, Clark's Prada outfit totals up to $16,875 — or about 22% of her first-year salary in the WNBA.
Persons: Caitlin Clark, Prada, , Clark, Sarah Stier, Prada's, Adri Zgirdea Toth, Marie Claire, Caitlin, Toth, Clark's Prada, Spotrac, Julia Marino, LVMH, Moët Hennessy Organizations: WNBA, Service, Prada, Indiana Fever ., GQ Sports, NBA, Iowa Hawkeyes, Nike, Gatorade, Olympics, Team USA, Linea, women's national football team Locations: Paris
Australia's superannuation system mandates employer-funded retirement contributions. Meanwhile, the US retirement system has become anxiety-inducing for many, as older adults struggle to make ends meet. AdvertisementAustralian retirement system puts saving responsibility on employers, not employeesAmerica's current retirement infrastructure includes two major categories: defined contribution plans and Social Security. This differs from the American system, where retirees' money is often held between a 401(k), other accounts, and outside investments. Still, Reilly cautioned that applying Australia's retirement system to the US could negatively affect employee wages.
Persons: , Sen, Bernie Sanders, Catherine Reilly, Reilly, Larry Fink, Fink Organizations: Service, Challenger Limited, Money, TIAA Institute, Georgetown University's Center for Retirement, Social Security, BlackRock, Employers, Pew Charitable Trust Locations: Australia, America, California, Colorado
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices won't be permanently higher unless there's more global economic growth, says JPM's KellyDavid Kelly, JPMorgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss if oil prices could rise further from today's levels, the stock market's next growth catalyst, and more.
Persons: JPM's Kelly David Kelly Organizations: JPMorgan Asset Management
Sen. John Fetterman says "uncommitted" voters are "wearing a MAGA hat." But he's also become a critic of Biden on Israel himself — just from the other direction. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn February, Sen. John Fetterman had a strong message for President Joe Biden's critics on the left. This story is available exclusively to Business Insider subscribers.
Persons: Sen, John Fetterman, he's, Biden, Israel, , It's, Joe Biden's, Joe Organizations: Service, Trump, Pennsylvania Democrat, Business, Capitol Locations: Gaza
Netflix's "What Jennifer Did" focuses on the 2010 murder of Bich Ha Pan and attempted murder of Hann Pan. AdvertisementA new Netflix documentary, "What Jennifer Did," follows the story of Canadian woman Jennifer Pan, who was found guilty of conspiring to have her parents murdered. They killed Pan's mother, Bich Ha Pan, and shot her father, Huei Hann Pan, in the head and shoulder. Hann Pan testified during the trial about what he recalled from the night of his wife's murder, and other circumstances of Pan's life. "I hope my daughter Jennifer thinks about what happened to her family and can become a good, honest person someday."
Persons: Bich, Hann Pan, Jennifer, , Jennifer Did, Jennifer Pan, Pan's, Huei Hann, Pan, banister, Daniel Wong, Karen K, Ho, Wong, Bich Ha, Felix, Hann, hadn't, Lenford Crawford, Crawford, Danny Wong, Eric Carty, he's Organizations: Service, Netflix, Canada, Toronto, Police, CBC, Ontario Appeal, of, Markham Economist, Sun Locations: Markham , Ontario, Canada, Vietnam, Toronto, Ontario, of Canada, Markham
New York CNN —Investors in Trump Media & Technology Group’s stock are throwing in the towel. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business in which media behemoths like Disney have struggled to turn a profit. Although the company is still worth billions of dollars, it is struggling to make money and desperate for cash. A home for ‘suppressed’ contentThe streaming initiative didn’t give investors any reason to get enthused about the company. Truth Social said it spent the past six months testing its web, iPhone and iPad apps for live TV streaming, and it hopes to launch a content delivery network to stand up streaming apps for phones and tablets — and eventually smart TVs.
Persons: Donald Trump, , , Devin Nunes, they’ll, Elon Musk’s, Musk, Trump Organizations: New, New York CNN — Investors, Trump Media & Technology, Disney, Trump Media, Truth, Republican Locations: New York, California
Israel’s War Cabinet weighs response to Iran’s attack
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael’s War Cabinet weighs response to Iran’s attackNBC's Richard Engel from Jerusalem joins CNBC's 'Squawk Box' to report on the ongoing conflict between Iran and Israel.
Persons: NBC's Richard Engel, Jerusalem Locations: Iran, Israel
Read previewHenry Cavill and his girlfriend Natalie Viscuso are gearing up for a major milestone in their relationship: parenthood. October 27, 2022: Cavill and Viscuso make their red carpet debut at the world premiere of 'Enola Holmes 2'Henry Cavill and Natalie Viscuso at the world premiere of "Enola Holmes 2" at The Paris Theater on October 27, 2022, in New York. Advertisement"Partnering with Natalie Viscuso at Vertigo has been a blessing beyond words, without her we might not have found the perfect home at Amazon," he added. June 28, 2023: Viscuso supports Cavill at the season 3 premiere of 'The Witcher'Henry Cavill and Natalie Viscuso at the world premiere of season three of "The Witcher" on June 28, 2023, in London. January 24, 2024: Viscuso supports Cavill during the press tour for 'Argylle'Henry Cavill and Natalie Viscuso at the world premiere of the film "Argylle" on January 24, 2024, in London.
Persons: , Henry Cavill, Natalie Viscuso, Clark Kent, Viscuso, Natalie, Henry, he's, Cavill, Enola Holmes, Evan Agostini, Sherlock Holmes, Millie Bobby Brown, James Cameron's, Jordan Strauss, James Cameron, Scott Garfitt, Viscuco, Viscuso's, Scott A, Matthew Vaughn's, Argylle, Matthew Vaughn, Guy Ritchie's, Gus, Phillips Organizations: Service, Vertigo Entertainment, Legendary Entertainment, Business, Daily Mail, Hollywood, Paris Theater, The Paris Theatre, Dolby Theatre, Netflix, NYC, Ungentlemanly Locations: London, New York, New York City, Los Angeles, Rivia, South Korea
Until inflation slows further and the Federal Reserve is able to start lowering the federal funds rate, mortgage rates are likely to remain elevated. If the latest PCE numbers support the narrative that inflation is remaining stubbornly high, mortgage rates could inch up further. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Essentially Flat (+0.01%)The average 15-year mortgage rate is 6.12%, just a single basis point higher than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.
Persons: you'll, It's, refinance Organizations: Federal Reserve, US, of, Fed, Zillow, FHA Locations: Chevron
CNN —Few things in professional sports have ever been as certain as Caitlin Clark being selected as the No. That’s what I’m going to do. I’m going to be in there and be like, ‘Go make a layup.’ She’s going to make my life easy. “If you’re a women’s basketball fan or you’re not a women’s basketball fan, I encourage you to watch the show when it comes out,” Clark says. I think I’m just excited.
Persons: Caitlin Clark, , Clark, , ” Clark, ’ She’s, Cameron Brink, Angel Reese, Adam Hunger, , Clark Clark, they’re, It’s, Peyton Manning’s, Kamilla Cardoso, Kiki Rice, Brian Babineau, I’ve, it’s, hasn’t, Steph Chambers Organizations: CNN, Iowa Hawkeyes, NCAA Division, Indiana Fever, Boston, South, NCAA, ESPN, Peyton, Chicago Sky, UCLA Bruins, Clark, Getty, Fever, WNBA, Iowa, Phoenix Mercury, Pacers Locations: men’s, Boston, South Carolina, Los Angeles, New York, Peyton Manning’s Omaha, Phoenix Mercury . Iowa, Indianapolis
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