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Whooping cough cases climbing for decadesAs with many infectious diseases, cases of whooping cough dropped to unusually low levels during the pandemic as people limited social interactions and took other precautions to defend against Covid-19. In 2020, the US had about 6,000 cases of pertussis, and that number dropped even further in 2021 to roughly 2,000 cases. Whooping cough starts with symptoms that look a lot like a regular cold: a runny nose, sneezing, a low-grade fever and a tickly cough. That’s led to a hunt for better, more durable immunizations against whooping cough that also don’t cause as many side effects. In some ways, whooping cough is an ideal infection to test in human challenge models.
Persons: , Susan Hariri, Archana Chatterjee, Chatterjee, they’re, it’s, pertussis –, Hariri, Tod Merkel, Merkel, It’s, That’s, Dr, Sanjay Gupta, Melinda Wharton Organizations: CNN, US Centers for Disease Control, CDC’s National Center, Food and Drug Administration, Chicago Medical School, Products Advisory, Covid, FDA’s, Vaccines Research, Regulators, CNN Health, FDA, National Center Locations: United States, Canada
Florist Kaiva Kaimins may have been born in Australia, but Dalston is home. Kaimins lives and works in the East London enclave, where she set up her floral studio, My Lady Garden, in 2020. Oeno Maris, a fishmonger with a wine bar in the back that hosts regular sashimi nights. Dan's wine shop, a laid-back bar that specializes in natural wines. Watch the video above for an insider's look at how to enjoy your downtime in Dalston.
Persons: Kaimins, Papo's, Oeno Maris Organizations: CNBC Travel, Broadway Locations: Australia, Dalston, East London, York
The news comes after a major report earlier this year revealed the Navy's biggest projects, including new Virginia-class submarines, were facing severe delays of up to three years. Absent today's intervention, I have zero confidence that Navy shipbuilding will get back on track." The Navy attributed shipbuilding delays across its top programs to COVID-19's impact on the workforce and supply chain. "Somehow, the Navy continues to assert that commitments to INDOPACOM and our AUKUS partners remain on track" despite Virginia-class delays, he said. Virginia-class submarines are considered vital to the US' role in deterring and, if necessary, fighting China.
Persons: , Ken Calvert, Calvert, Carlos Del Toro, Christopher Kastner, Politico, Del Toro Organizations: Service, Business, Navy, California Republican, General Dynamics Corp, Huntington Ingalls Industries, U.S . Navy, Shipyard, White, DOD, Pentagon, US Navy Public Affairs, Columbia, US Navy, US, Royal Australian Navy Locations: Virginia, California, Columbia, China, Australia
AdvertisementFor most of my time at Amazon, I've been going into the office five days a week. When Amazon RTO rules started requiring people to come into the office three days a week, I noticed that in-person work helped me and my team collaborate better. Roughly a month after I started, I decided to work in the office five days a week. I heard rumors about Amazon employees "coffee badging" on the news, but I don't personally know of anyone who's done it. In-person work has helped my team collaborate and improved my focusI heard about Amazon's new RTO policy, requiring employees to come in five days a week, on Monday.
Persons: , Luka Emrashvili, I've, It's, I'd, they'd, We've Organizations: Service, Business, Amazon, Big Tech Locations: Amazon, New York, I'm, Georgia, Eastern Europe, weren't, Bryant
CNN —On Wednesday, the Federal Reserve cut interest rates for the first time since the early days of the COVID-19 pandemic, slashing its benchmark rate by half a percentage point and signaling more rate cuts by the end of the year. The supply of homes for sale hasn’t kept up with demand as homeowners who locked in ultra-low pandemic-era mortgage rates were less willing to sell their homes in a higher mortgage rate environment. Some experts believe falling rates could entice more homeowners to put their homes up for sale. In the past few months, rates have steadily fallen in anticipation of interest rate cuts. Does the Fed’s recent interest rate cut and the potential for more rate cuts in the future change your outlook as a homeowner or a potential homebuyer?
Persons: hasn’t, Freddie Mac Organizations: CNN, Federal Reserve
On Wednesday, the Federal Open Market Committee announced an interest-rate cut of 50 basis points, the first cut Americans have received in over four years. AdvertisementHe's argued in the past that the Fed would only cut rates close to the election to aid Democrats, which he reiterated leading up to the central bank's announcement. Trump sought to use his presidential power to appoint members to the Fed board who supported his unorthodox views of the central bank. Trump has flip-flopped his views on his most important appointment to the Fed: Powell. Trump's tepid support of Powell underlines just how mercurial he can be when it comes to the central bank.
Persons: , Donald Trump isn't, Jerome Powell, Trump, they're, He's, Powell, Judy Shelton, Shelton, Sen, Susan Collins, Herman Cain, Stephen Moore, Michelle Bowman, Christopher Waller, he's, reappoint Powell, Trump hasn't Organizations: Service, Federal, Market Committee, Democratic, Business, Federal Reserve, Street, Trump, Bloomberg, Fox, Fed, Governors, Maine Republican, Fed Board, Bloomberg News Locations: New York, Michigan, Maine
Corporate leaders can't "bulls---" their employees about the impact of artificial intelligence on the workforce and the ways in which the technology will affect jobs more broadly, according to one tech billionaire. "If I could give any advice, it's that everybody should be a student of AI and tech and not be afraid of it." Even though it's a given AI will impact the workforce, "none of us have it all completely figured out," he said. "If anybody comes in and tells you, 'I can tell you exactly how this is going to impact jobs and how it's going to impact everything we're doing,' they're lying. Kavanaugh co-founded WWT in 1990 with fellow St. Louis, Missouri-based entrepreneur David Steward as a reseller of technology equipment.
Persons: Jim Kavanaugh, Kavanaugh, David Steward Organizations: CNBC, Forbes, U.S, team Locations: Louis , Missouri, Los Angeles
Tom Lee is not sold on the stock market's rally after the Federal Reserve cut interest rates. The S & P 500 and Dow Jones Industrial Average popped to fresh records Thursday, a day after the Fed lowered rates by a half percentage point. Many investors expected the central bank to lower rates by just a quarter percentage point. Lee was correctly bullish heading into 2024 and has nailed several bold short-term calls on the market. Despite the mixed backdrop, Lee said small-cap and cyclical stocks, such as industrials and financials, stand to benefit from lower rates.
Persons: Tom Lee, Lee, CNBC's Organizations: Federal Reserve, Dow Jones, Fundstrat Global Advisors, U.S
Washington CNN —Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month. Lower borrowing costs will likely entice buyersMortgage rates could very well come down even more, but that would depend on economic data making it clear that the Fed would cut rates further. The Fed doesn’t control mortgage rates, but its action do influence them through movements in bond yields. Mortgage rates track the 10-year US Treasury yield, which moves in anticipation of the Fed’s decision on rates. Yun told reporters it could take three or four months for lower mortgage rates to boost demand for housing.
Persons: ” Yun, , Daniele Hale, , we’re, Freddie Mac, Yun, ‘ I’m Organizations: Washington CNN —, Federal Reserve, National Association of Realtors, Fed, Treasury Locations: United States
USPS will work “around the clock” and implement “extraordinary measures” to ensure the timely delivery of mail-in voting, DeJoy said. A record 43% of voters cast mail ballots in 2020, during the Covid-19 pandemic. The level isn’t expected to be as high this year, but many states across the country have expanded the availability of mail-in voting. The USPS says during the 2020 election, which was conducted amid the Covid-19 pandemic, it delivered nearly 99% of ballots from voters to election officials within seven days. Specifically, the election officials said they’ve experienced “exceptionally long delivery times” for election mail, including ballots, which could lead to those ballots getting rejected because they didn’t arrive before the deadline.
Persons: Louis DeJoy, ” DeJoy, Donald Trump, , DeJoy, we’re, , “ …, Trump, Trump’s, they’ve Organizations: CNN, US Postal Service, Postal Service, USPS, GOP, Governors, Trump, National Association of, State Locations: American
He founded an AI startup in 2023 and told BI the majority of his 14 employees come in five days a week. "Remote work benefits people who are more stable in their career at the expense of people who are junior," he said. BI has reported on multiple Gen Z employees who feel isolated and restricted by their remote working environment. Advertisement"If you're a new grad and you're starting a job and you just work a remote job, you're just shooting yourself in the foot," he said. He told BI, "Four or five years ago, this was the norm," adding, "Why are we even thinking remote work is normal?"
Persons: , Jeffrey Wang, Wang, Everyone's Organizations: Service, Plaid, Harvard, Business, Tech, Networking, BI Locations: San Francisco, Hawaii
But there may be more of a science to eldest daughters than meets the eye. When a mother needed help, biology caused her eldest daughter to step up and mature faster to provide that help. Most striking of all, maternal distress was not found to speed up adrenal puberty in sons or younger daughters. "I have a closer relationship with her, to this day, than I do with many of my other older siblings," he said. His wife grew up as part of a similarly large brood — and her eldest sister had a similar experience.
Persons: Lisa Doucet, Albert didn't, Doucet, Albert, I'm, " Doucet, babysitters, they'd, Molly Fox, Fox, Pamela Jakiela, aren't, isn't, Jonathan Westover, Mary Poppins —, Westover, We're, , Lenette Azzi, Lessing, Jakiela Organizations: University of California, Fox, Center for Global Development, Williams College, University of Essex, Child, Utah Valley University, Boston University, Child Welfare League of America Locations: Rhode Island, Providence, TikTok, Los Angeles, Kenya, Utah
The new findings add to strong, but circumstantial evidence that the SARS-CoV2 virus jumped from infected animals to humans and that the market was a central site of early spread. Of the animals present at the market, rabbits, dogs and raccoon dogs are known to be susceptible to Covid-19 infections. Their analysis shows that SARS-CoV2 virus present at the market emerged at the same time as the virus from the larger pandemic, suggesting they are one and the same. The pandemic virus would have an earlier birthdate. “A lab origin is a possibility.
Persons: , , Kristian Andersen, Andersen, ” Andersen, Florence Debarre, ” Debarre, Debarre, there’s, Dr, Sanjay Gupta Organizations: CNN, Wholesale, Scripps, Research, French National Centre for Scientific Research, National Institutes of Health, CNN Health Locations: Wuhan, China, Covid, La Jolla , California, United States
But the latest provisional data shows that overdose deaths made a sharp turn at the end of last year and have been trending down for months. There were about 101,000 overdose deaths in the year ending in April, CDC estimates. Overdose deaths involving fentanyl and other synthetic opioids are down 20% year-over-year, CDC data shows. These drugs are now involved in about two-thirds of all fatal overdoses, down from more than three-quarters of all overdose deaths a year ago. “We’ve been riding a better than 20-year peak in terms of the continuous increases of drug overdoses,” Pamplin said.
Persons: , Sarah Wakeman, Brigham, , Nabarun Dasgupta, Dasgupta, it’s, ” Wakeman, ” John Pamplin, “ We’ve, ” Pamplin, ” Dasgupta, Dr, Sanjay Gupta, Nora Volkow Organizations: CNN, Federal, US Centers for Disease Control, Mass, University of North, CDC, United States, Columbia University, CNN Health, Black, National Institute on Drug, National Institutes of Health Locations: United States, University of North Carolina, United
“They have early voting, late voting, everything is so ridiculous,” Trump said onstage in Palm Beach, Florida, in July. It is great if you want to vote early,” Whatley said during a tour stop in Tampa, Florida, this summer. He voted early this month in his home state of Florida and posted a TikTok video encouraging people to vote early. He also occasionally straightly delivers a prepared remark that encourages early voting without caveating his skepticism of the practice. Still, the inconsistency of Trump’s early voting messaging has led many of his supporters toward cynicism and confusion around the topic.
Persons: Donald Trump, Trump, , ” Trump, Michael Whatley, Lara Trump, ” Whatley, , straightly, Karoline Leavitt, Bob Breneman, Susan Anderson, Anderson, leader’s, Troy Mattson, We’ve, Biden Organizations: Republican National Committee, GOP, , Trump, RNC, Fox, Republican, NBC, D.C, Pew Research, Democratic, hasn’t, Pew Locations: Palm Beach , Florida, Tampa , Florida, Florida, Pennsylvania, Nevada, Michigan, North Carolina, Georgia, United States, Washington, Covid
His new home is a notorious federal jail in New York City known for extreme violence and abominable medical care. Still, the conditions are horrid across the facility, according to interviews with more than a half-dozen defense lawyers and a review of court documents. “The agency as a whole has failed to assist MDC Brooklyn with the staffing crisis, hence allowing MDC Brooklyn to fail,” the union head, Rhonda Barnwell, wrote in a memo to Bureau of Prisons officials in June 2023. "That is why, earlier this year, the director appointed an Urgent Action Team to take a holistic look at the challenges at MDC Brooklyn," the spokesman added. A statute in the federal court system requires defendants who are out on bail to be remanded to jail after they are convicted.
Persons: Sean, Diddy, Combs, Gary Brown, Sam Bankman, Kelly, Ghislaine Maxwell, , Xavier Donaldson, , Jeffrey Epstein’s, Rhonda Barnwell, Luis Rivas, Uriel Whyte, Edwin Cordero, Mr, Cordero, Andrew Dalack, Terrence Wise, wasn’t, LaShann DeArcy, Jonathan Goulbourne, Jesse Furman, Furman, Judge Brown, Brown, Daniel Collucci, Richard Kestenbaum Organizations: Metropolitan Detention, MDC, District, Justice Department, Metropolitan Correctional Center, Brooklyn, MDC Brooklyn, of Prisons, NBC News, . Justice, Urgent, New York Daily News Locations: New York City, Brooklyn, U.S, New York, Queens , New York,
Mortgage rates came down again last week, and with the expectation that they could fall further, mortgage demand suddenly jumped, especially for refinancing. The Federal Reserve is expected to make its first interest rate cut in four years on Wednesday, and while mortgage rates don’t follow the Fed exactly, they are influenced by policy. “The most important takeaway is that lower mortgage rates are not only not remotely guaranteed by [the] Fed rate cut. “Application activity was up significantly last week, as market expectations of a rate cut from the Fed pulled mortgage rates lower,” said Joel Kan, an economist with the Mortgage Bankers Association. “Homebuyers are seeing improving affordability conditions, sparked by lower rates and slower home-price growth.”
Persons: Jerome Powell’s, They’re, , Matthew Graham, Joel Kan, ” Kan, Organizations: Federal, Mortgage News, Mortgage, Labor, Fed, Association
Haiti clearly holds a place in the heart of Ohio’s Republican Gov. He’s been to the country at least 25 times with his wife, he said at a news conference Monday in Springfield. He respects the Haitians who have come to the US legally and found work in Springfield. Further, DeWine said the Haitians found Springfield because business owners there were having trouble finding workers after the Covid-19 pandemic. Like DeWine, Springfield Mayor Rob Rue has also tried very hard to correct the record on the role Haitians are playing in Springfield.
Persons: Mike DeWine, He’s, , , DeWine, ” DeWine, Donald Trump, Ohio Sen, JD Vance, Vance, Springfield Mayor Rob Rue, ” Rue Organizations: Republican Gov, PBS, Republican, Ohio, Springfield Mayor Locations: Haiti, Springfield, Ohio, DeWine, Springfield , Ohio
What a Fed rate cut could mean for the world
  + stars: | 2024-09-18 | by ( Jenni Reid | ) www.cnbc.com   time to read: +4 min
watch nowThe U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. Global impactA key concern is the pressure interest rate differentials put on currencies. Oil and other commodities, usually priced in dollars, often receive a boost with a rate cut as a lower cost of borrowing can stimulate an economy and increase demand. "Interest rate cuts reduce the cost of borrowing in U.S. dollars, thereby creating easier liquidity conditions for companies around the world," Quilter Cheviot's Richard Carter continued via email. That includes whether the initial cut will reduce the Fed funds rate by 25 basis points or 50 basis points below its current 525 to 550 range.
Persons: , Richard Carter, Cheviot, Cheviot's Richard Carter Organizations: U.S . Federal, Turkish, U.S ., Fed, Federal, Equity Locations: U.S, Canada, Mexico, Switzerland, Sweden
Covid-19 is still with us: Swiss Re
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: 1 min
Swiss Re Life and Health CEO Paul Murray says Covid-19 is still having an impact, as the reinsurer says excess mortality rates could remain as high as 3% in the U.S. and 2.5% in the U.K. by 2033.
Persons: Paul Murray, Covid Locations: U.S
Phoebe Gates discussed conspiracy theories about Bill Gates in a new Netflix documentary series. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementConspiracy theories about billionaire Bill Gates have run rampant online for years, sometimes spilling from the sphere of the internet into his daily life. Many of the most pervasive of these conspiracy theories have linked him to COVID-19.
Persons: Phoebe Gates, Bill Gates, Phoebe, Organizations: Netflix, Stanford, Service, Business Locations: COVID
In those ancient times, tech companies embraced remote work as an unstoppable innovation revolution. Remote work benefitsRemote work supports a more diverse employee base by helping companies hire more easily in different locations. In December, she described a study that found collaborating in person produced more breakthroughs than remote work. The truth is that in-office work is a shibboleth. But Benioff is at least admitting the reality of how employees work in the modern world.
Persons: , Marc Benioff, they're, Andy Jassy, Insider's Aki Ito, Jassy, Goldman Sachs, David Solomon, Solomon, James Hamilton, he'd, I've, it's Organizations: Service, Amazon, Business, Google, Jassy's AWS, BI, Employees, Hamptons, Bloomberg, Fortune, Starbucks, Staff Locations: Seattle, Hawaii
Read previewOn Monday, Amazon mandated corporate workers return to the office five days a week beginning January 2nd. AdvertisementHere's a list, in alphabetical order, of major companies requiring employees to return to offices. BlackRockLast year, BlackRock mandated employees return to the office four days a week. MetaMeta updated its remote work policies in September 2023, requiring employees to head into the office three days a week. AdvertisementWalmartAlong with slashing hundreds of jobs, Walmart also asked previously remote employees in the US to move to offices.
Persons: , Goldman Sachs, Andy Jassy, We've, Jassy, Insider's Ashley Stewart, It's, Apple's, Tim Cook, Rob Goldstein, Caroline Heller, Chipotle, Bob Iger, Iger, signees, David Solomon, Fortune, Fiona Cicconi, Arvind Krishna, Jamie Dimon, Redfin, Glenn Kelman, Salesforce Salesforce, Marc Benioff, Howard Schultz, Schultz, Tesla, Elon Musk, nodded, Musk, X, Yao Yue, Yue, Dara Khosrowshahi Organizations: Service, JPMorgan, Business, Amazon, Apple, BlackRock, Hudson, Bloomberg, Citigroup Citigroup, HSBC Holding Plc, Barclays, Citigroup, Reuters, Disney, The Washington Post, CNBC, Google, San Francisco Bay Area, IBM IBM, IBM, Meta Meta, Frisco, San Francisco Standard, Engineers, Starbucks, Elon, Twitter, National Labor Relations, Walmart, Street Journal Locations: Seattle, New York City, San Francisco Bay, San Francisco, Dallas , Atlanta, Toronto, Arkansas, New Jersey
Read previewOver the past few years, US mortgage rates have fluctuated wildly, leaving both homebuyers and sellers scrambling. AdvertisementThis can lead to significantly lower interest rates, making monthly mortgage payments more affordable and saving thousands over the life of the loan. The Federal Open Market Committee, which oversees US monetary policy, is expected to cut interest rates at its meeting this week. This could lead to further declines in mortgage rates in the coming months. Here are the stories of three homebuying couples who secured mortgage rates below 3% since March 2023 using assumable mortgages.
Persons: , Louis, Freddie Mac, aren't, Grace Lucchese, Mickey Ricard, Boston —, Lucchese, Ricard, Riccard, Brian Sankey, Fort Knox, Sankey, Brian Sankey Sankey, wouldn't, Amy Yzaguirre, Yzaguirre, I've Organizations: Service, Federal, Fed, Federal Reserve Bank of St, Business, Federal Housing Administration, Department of Veterans Affairs, Market Committee, Boston, Lucchese, assumable Veterans Affairs, Veterans Affairs, Army, Toyota Tacoma Locations: Lucchese's, Sudbury , Massachusetts, Boston, couple's Massachusetts, Elizabethtown , Kentucky, Fort, Elizabethtown, Oregon, Idaho, Tigard, Portland, Sherwood
Further, DeWine said the Haitians found Springfield because business owners there were having trouble finding workers after the Covid-19 pandemic. When he was asked if the comments from Trump and Vance were fueling the bomb threats, DeWine deflected. I didn’t create 20,000 illegal migrants coming into Springfield.”A man walks past city hall in Springfield, Ohio, after bomb threats were made against buildings earlier in the day on September 12. Like DeWine, Springfield Mayor Rob Rue has also tried very hard to correct the record on the role Haitians are playing in Springfield. At a press conference Tuesday, Rue and DeWine discouraged Trump from making a trip to the city.
Persons: Mike DeWine, He’s, Becky, , , DeWine, ” DeWine, Donald Trump, Sen, JD Vance, Vance, Trump, ” Vance, CNN’s Dana Bash, Roberto Schmidt, Springfield Mayor Rob Rue, Springfield . Rue, CNN’s Boris Sanchez, It’s, ” Rue Organizations: CNN, Republican Gov, PBS, Trump, AFP, Getty, Republican, Springfield Mayor Locations: Haiti, Springfield, Haitian, Ohio, , Springfield , Ohio, DeWine, Springfield .
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