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☆ The Masters: Tiger Woods records worst-ever score at Augusta as Scottie Scheffler holds lead going into final round
▼ + stars: | 2024-04-14 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Tiger Woods recorded his worst-ever score at the Masters to completely drop out of contention on an attritional third day, while Scottie Scheffler holds a one-shot lead going into the final round as he seeks a second career green jacket. Nonetheless, the 15-time major winner said he would be “ready” for the final round despite his worst performance at the tournament. Scottie Scheffler has a one-stroke lead ahead of the final round. The final round will begin at 9:15 a.m. ET on Sunday with the last pairing of Scottie Scheffler and Collin Morikawa teeing off at 2:35 p.m.

Persons: Tiger Woods, Scottie Scheffler, Collin Morikawa, Woods, “, ”, Warren Little, Rory McIlroy’s, Gary Player’s, Max Homa, Scheffler, didn’t, Bryson DeChambeau, ” Scheffler, Homa, Morikawa, Ludvig Åberg, Fuzzy Zoeller, Collin Morikawa teeing Organizations: CNN Locations: Augusta

☆ Squatters have taken over Gordon Ramsay's restaurant in London and are threatening legal action
▼ + stars: | 2024-04-14 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewSquatters have taken over one of Gordon Ramsay's restaurants in London. Metropolitan Police told Business Insider they "were made aware of squatters at a disused property" on April 10 in Regents Park, where the restaurant is located. This story is available exclusively to Business Insider subscribers. The legal warning said the group will to take legal action against those who "enter by violence" or "threaten to enter by violence." Metropolitan Police in London told Business Insider that this issue "is a civil matter and so police did not attend as an emergency call out.

Persons: —, Gordon Ramsay's, Ramsay, finalizes, Gordon Ramsay, Stu Forster, Cafe's Instagram, Camden, Gary Love Organizations: Service, York &, Sun, BBC, Metropolitan Police, Business, Camden Art, FOX, Getty, Albany, Beverly Hills Locations: London, York, York & Albany, Camden Town, Camden, New York City, Beverly

Seventy-five years ago this past week, Sam Snead won the Masters Tournament and became the first champion to receive one of Augusta National Golf Club’s green jackets. Since the start of the month, Lottie Woad has captured the Augusta National Women’s Amateur. More than 30 past Masters winners gathered for dinner to honor Jon Rahm, last year’s champion, and Jack Nicklaus, Gary Player and Tom Watson hit tee shots to start this year’s tournament. On Sunday, someone — perhaps someone new, perhaps someone already admitted to the locker room reserved for past champions — will win the 88th Masters. But this past week, all of the possibilities seemed to be on greater display than usual.

Persons: Sam Snead, Lottie Woad, Jon Rahm, Jack Nicklaus, Gary Player, Tom Watson, —, peered skyward, Ben Crenshaw, Nick Faldo, Woods Organizations: Augusta, Augusta National Locations: Augusta, men’s

☆ Herb Diamond and John Ring met on a dating site. Despite their 43-year age gap, they fell in love, and now, they're the Diamond-Rings.
▼ + stars: | 2024-04-13 | by ( Gary Nunn | ) www.businessinsider.com time to read: +5 min

Herb and John Diamond-Ring are married, and have a 43-year age difference. AdvertisementGiven their 43-year age gap, Herb and John Diamond-Ring face up to misconceptions about the nature of their relationship with good humor. Herb and John Diamond-Ring both enjoy sports. Courtesy Herb and John Diamond-RingThey met on a dating siteThe pair met on the dating site SilverDaddies.com in 2011 when Herb was living in Fort Lauderdale, Florida, and John was living in Ireland. Herb first met John in person at Florida's Fort Lauderdale airport with flowers.

Persons: Herb, John Diamond, —, John, They'd, John said, who's, He's, He'd, it's, they've Organizations: Service, Manchester United Locations: Fort Lauderdale , Florida, Ireland, America, Fort Lauderdale

☆ Analysts are saying this chipmaker, which just held an AI event, is the most levered to the trend besides Nvidia
▼ + stars: | 2024-04-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors may want to keep an eye on Marvell Technology , as it is poised for artificial intelligence success, according to Wall Street analysts. The commentary comes on the back of the chipmaker's AI event on Thursday, where it announced a new compute customer many speculate could be Microsoft. On the back of the event, Wells Fargo analyst Gary Mobley lifted 2025 revenue and earnings per share estimates to account for a quicker ramp in AI sales. While Morgan Stanley continues to view the stock as an AI winner, analyst Joseph Moore noted he still favors Nvidia. That is in part due to the "sideways" action Marvell has experienced over the past year and its elevated multiple.

Persons: MRVL, Timothy Arcuri, Arcuri, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Wells, Gary Mobley, Morgan Stanley, Joseph Moore, Marvell Organizations: Marvell Technology, Wall Street, UBS, Microsoft, Marvell, Nvidia Locations: CY28, Wells Fargo

☆ The Masters: Bruising winds blow a flurry of big names out of ‘borderline unplayable’ Augusta National
▼ + stars: | 2024-04-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

Believe it or not, these are both sound bites from a golf tournament. A storm-delayed first round meant some players had to finish their first 18 holes Friday morning, exacerbating a grueling day. “Even the golf course was saying, ‘Get the hell out of here,’” Homa, chasing his first major, said. South Africa’s Charl Schwartzel clinched a two-shot victory at Augusta National in 2011, but crashed out after shooting 74 and 81. I have a chance to win the golf tournament,” Woods replied when asked by reporters what the milestone means to him.

Persons: Mike Tyson, whisking, toiled, Dustin Johnson, Sergio Garcia, Jordan Spieth, Bubba Watson –, Hideki Matsuyama, Jon Rahm, ” Rahm, “, Sand, Ashley Landis, Max Homa, Bryson DeChambeau, Scottie Scheffler, Homa, ‘, ”, DeChambeau, LIV, –, I’ve, Scheffler, Jason, Scheffler’s, Brian Harman, Wyndham Clark –, Justin Thomas, Spieth, Viktor Hovland, Charl Schwartzel, ” Schwartzel, ” Spieth, Warren Little, Shane Lowry, Akshay Bhatia, “ It’s, ” Ireland’s Lowry, Akshay, ” Bhatia, It’s, Garcia, Tyson, African Erik van Rooyen, Woods, Gary Player, Fred Couples, ” Woods Organizations: CNN, National, Sky Sports, Augusta National Locations: American, Augusta, “, British, African

☆ The Masters: Tiger Woods conquers marathon 23-hole day to make record-breaking 24th consecutive cut at Augusta
▼ + stars: | 2024-04-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Tiger Woods delivered another solid performance on a marathon Friday at Augusta National to break the record for most consecutive cuts made at the Masters. A second round even-par 72 improved upon an opening one-over 73 and – with the projected cut-line at four-over par as he returned to the clubhouse – guaranteed Woods’ record-breaking 24th straight weekend at Augusta National. I have a chance to win the golf tournament,” Woods replied when asked by reporters what the milestone means to him. Donning his Sun Day Red apparel – released in collaboration with TaylorMade – at Augusta National, Woods rolled back the years at various points, starting with an audacious left-handed chip to escape the trees on Thursday. “I’ve always loved playing here, I’ve been able to play here since I was 19 years old,” Woods said.

Persons: Woods, Gary Player, Fred Couples, “, ” Woods, Warren Little, Bryson DeChambeau, Jack Nicklaus ’, –, Joe LaCava, Lane Bennett, TaylorMade –, Maddie Meyer, Rory McIlroy, “ I’ve, I’ve Organizations: CNN, Augusta National, Nike, Sun, Augusta

☆ Bryson DeChambeau owns infamous ‘par 67’ comments to race ahead in Masters first round
▼ + stars: | 2024-04-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

CNN —It was the comment that landed him in hot water with Masters fans and aged terribly, but – 13 rounds later – Bryson DeChambeau finally shot below his interpretation of par at Augusta National. Now, the golfer once dubbed “the Scientist” for his willingness to test new technologies is owning up to old errors. “Clearly today was a great test of golf, and I was able to conquer a very difficult golf course today. I shot 65 today, and that was one of the best rounds of golf I’ve played in a long time. “That’s the secret to winning major championships and winning big-time golf tournaments: more limiting the mistakes rather than making a ton of birdies.

Persons: – Bryson DeChambeau, ”, LIV, Storms, DeChambeau, Andrew Redington, I’m, ” DeChambeau, Rob Schumacher, pigeonhole, I’ve, Nick Faldo, Jon Rahm’s, LIV Golf, Faldo, “, DeChambeau –, –, Bryson, Scottie Scheffler, Arnold Palmer, Warren Little, Denmark’s Nicolai Højgaard, Tiger Woods, ” Woods, Rahm, McIlroy, Gene Sarazen, Ben Hogan, Gary Player, Jack Nicklaus, Woods, Scheffler, Xander Schauffele, Scottie, ” McIlroy Organizations: CNN, Masters, Augusta National, Augusta, USA, Sports, Reuters, PGA, Sky, Arnold Palmer Invitational, Tiger Locations: Saudi, Augusta, scintillating

☆ The Masters: Bubba Watson’s nine-year-old daughter Dakota steals the show at Par 3 contest
▼ + stars: | 2024-04-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Plenty of young golfers have sent crowds into a frenzy at Augusta National across the 88 years of The Masters, but perhaps none quite as young as Dakota Watson. Bubba Watson’s nine-year-old daughter delivered a putting masterclass during the par three contest on the eve of the major on Wednesday, showcasing the sort of golden touch around the greens that helped her father clinch two green jackets. You’ve never seen Dakota until today,” broadcaster Sean McDonough asked co-commentator Curtis Strange on ESPN’s live coverage of the contest. Now that they’re getting older, they can hit shots, we can have fun with it,” 45-year-old Watson, making his 16th Masters start, told reporters. That’s what this is all about.”After a two-and-a-half hour delay due to bad weather, the first round of The Masters got underway on Thursday.

Persons: Dakota Watson, Bubba Watson’s, –, Rickie Fowler, Allison Stokke, Maya, Watson, Charlie Riedel, Ben Crenshaw, “, you’ve, You’ve, Sean McDonough, Curtis Strange, Ben ”, ’, ” Walter Harman, Brian Harman, Mike Blake, Fowler, Sam Snead, Patrick Reed, ” Fowler, we’ll, Adam Cairns, Sepp Straka, Viktor Hovland, Luke List, Lucas Glover, Gary Woodland, Jax lasered, Jax Woodland, Warren Little, Woodland Organizations: CNN, Augusta National, USA, Sports, Reuters Locations: “

☆ The key to a long life? ‘Undereating’ and ice baths, says 88-year-old Gary Player, still spritely at 88th Masters
▼ + stars: | 2024-04-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

It’s “so far, so good” for Player, who played his last Masters in 2009 after a record 52 appearances at Augusta National. Player was renowned for his endurance across a five-decade career that reaped 165 tournament wins and nine major championships. “You do things in life for other people, and you try to have fun, and like Gary said, you’ve got to laugh.”Watson, Player and Nicklaus (left to right) drew huge crowds. “If you’re here, you are so blessed, and you should kiss the ground every day,” Player told Masters reporters on the range. “He’s a man who believed in freedom, and what he did for this great country, you can’t describe it.

Persons: CNN —, Gary Player, Jack Nicklaus, Tom Watson, “, ”, Player, Jamie Squire, Overtraining, It’s, Walter Iooss Jr, Quizzed, Nicklaus, –, Watson, Gary, you’ve, ” Watson, Mike Blake, Donald Trump, Dwight D, Eisenhower Organizations: CNN, Gary, Augusta National, REDs, Nicklaus, Reuters, America, ” Locations: Augusta, India, Johannesburg, United States

☆ The job market looks rock-solid, but there are 4 signs it's weakening as labor trends mirror past recessions
▼ + stars: | 2024-04-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Read previewToday's job market looks to be on solid footing, but there are subtle signs that hiring is starting to weaken, upping the odds that a recession strikes. The job market is already flashing key signs of weakness, and a hiring slowdown could be around the corner, Wall Street strategists have warned. Here are four signs the stellar US job market may be about to stumble:Advertisement1. But job-cut announcements rose to 257,254 over the first quarter, according to the career transitioning firm Challenger, Gray & Christmas. The risk of a coming recession could rise if the job market continues to slow, some forecasters have warned.

Persons: —, David Rosenberg, Rosenberg, Gary Shilling, it's Organizations: Service, Street, Business, Bureau of Labor Statistics, Challenger, National Federation of Independent Business, CNBC

☆ Kishida US visit: Japan seeks investment in AI, semiconductors from American companies
▼ + stars: | 2024-04-10 | by ( Junko Ogura | Juliana Liu | ) edition.cnn.com time to read: +4 min

Speaking in Washington at a lunch with American CEOs, Prime Minister Fumio Kishida said Japan welcomes American collaboration in “critical and emerging technology” and assured them that any investment would flow both ways. Last year, Japanese foreign direct investment to the US exceeded $750 billion, Kishida said, making Japan the biggest foreign investor in America and creating more than 1 million jobs. It is reportedly the company’s largest ever investment in Asia’s second largest economy. Earlier this month, Japan’s industry ministry approved subsidies worth up to 590 billion yen ($3.9 billion) for Rapidus. It comes as Washington adds increasing restrictions on the types of semiconductors that American companies are able to sell to China.

Persons: Hong Kong CNN —, Fumio Kishida, ”, Kishida, Joe Biden, Brad Smith, Gary Cohn, Sanjay Mehrotra, Ted Colbert, Albert Bourla, Mayumi Maruyama Organizations: Hong Kong CNN, Microsoft, Microsoft Research Asia, IBM, Micron Technology, Boeing, Defense, Space & Security, Pfizer, CNN, US Chamber of Commerce, “, Intel, Samsung, US Locations: Tokyo, Hong Kong, Japan, Washington, American, United States, America, Asia’s, Russia, South, Taiwan, Hokkaido, chipmaking, China, Europe, Asia, Germany

☆ Tiger Woods hurts ‘every day,’ but believes he can win one more Masters
▼ + stars: | 2024-04-10 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —These days, Tiger Woods merely being among the field at The Masters is a story in itself, but the five-time champion insists he’s not returning to Augusta National to make up the numbers – he’s playing to win. “I haven’t got to that point where I don’t think I can’t.”One more Masters win would see Woods (pictured, 2000) tie Nicklaus (right) with six wins at Augusta National. Six months earlier, he had ended an 11-year-wait for his 15th major title at Augusta National. Mike Blake/ReutersEven if he doesn’t win come Sunday, Woods will make history simply by making it to the weekend. Woods has made the cut in 23 consecutive starts at Augusta National, a record he shares with Fred Couples and Gary Player.

Persons: Tiger Woods, he’s, Woods, Jack Nicklaus ’, “, Nicklaus, Dave Martin, Scottie Scheffler, Jon Rahm, Rory McIlroy, Wood, ”, that’s, ” Woods, Mike Blake, Fred Couples, Gary Player Organizations: CNN, Augusta National, AP Locations: Georgia, Augusta

☆ CEOs bet up to $10 million to prove Elon Musk's AI prediction wrong
▼ + stars: | 2024-04-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Gary Marcus, the founder and CEO of Geometric Intelligence, a machine learning AI startup acquired by Uber in 2016, doesn't agree with Musk's AI predictions. AdvertisementDear @elonmusk,$1 million says your latest prediction – that AI will be smarter than any individual human by the end of 2025 – is wrong. "We should want the world to find better, more trustworthy ways to build AI," Marcus said. "I was actually quite supportive of Musk," Marcus said. Marcus told BI he believes AI could help humanity, but he's much less optimistic about AI being trustworthy in the near future.

Persons: —, Elon, Musk, Nicolai Tangen, he's, Gary Marcus, doesn't, Gary P.S, @GaryMarcus, Damion Hankejh, Hankejh, Marcus, Musk hasn't, it's, hasn't, Musk's, AGI, they're, He's, there's, OpenAi Organizations: Service, Norges Bank, Business, Geometric Intelligence, Uber, Investor

PARIS — Issuers of spot bitcoin exchange-traded funds cast doubt over the short-term likelihood of the U.S. Securities and Exchange Commission approving such a product for the cryptocurrency ether . The regulator has a late-May deadline to conclude its review on an ether ETF. That comes after the SEC in March delayed its original deadline for a decision on the ether ETF application. Enthusiasm has been mounting among the crypto community for an ether ETF, ever since the SEC approved the first spot bitcoin ETFs in January. This complicates matters for an ether ETF.

Persons: Cathy Wood, Jan Van Eck, CNBC's Arjun Kharpal, Van Eck, Gary Gensler, Jean, Marie Mognetti, CoinShares Organizations: PARIS, U.S . Securities, Exchange Commission, SEC, Fidelity, Ark, Paris, Invest, CNBC Locations: BlackRock, U.S, Paris, France

☆ The U.S. economy still faces a recession risk: Gary Shilling
▼ + stars: | 2024-04-08 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com time to read: +2 min

The U.S. economy has avoided a recession so far but the risk of a deeper economic downturn still looms, according to financial analyst Gary Shilling. "Small businesses are very sensitive to economic conditions because they don't tend to be very heavily capitalized," Shilling told CNBC. However, the labor market at large is a key reason the U.S. has thus far avoided a recession. "You haven't had that weakness in labor markets that, I think, you normally would have had and would have [caused] a recession [in 2023]," Shilling said. However, Shilling is watching for signs of a slowing labor market.

Persons: Gary Shilling, Shilling, We've, it's Organizations: CNBC, Fed, Federal Locations: U.S

He had planned to lead a team of 15 local journalists reporting on the eclipse. Journalists at The Democrat & Chronicle have worked without a contract since 2019, said Susan DeCarava, president of the NewsGuild of New York, the union that represents them. Workers also seek a policy regarding the ethical use of artificial intelligence in reporting and writing articles, Mr. Craig said. “We had this incredible story that would touch a lot of people in our community,” Mr. Craig said. “Hopefully we’ll be back at the negotiating table tomorrow morning,” Mr. Craig said.

Persons: “ I’m, I’m, ”, Gary Craig, Susan DeCarava, “ Gannett, Ms, DeCarava, Craig, ’ bylines, “, ” Amy Garrard, ” Mr, we’ll Organizations: Democrat, Chronicle, Gannett, Journalists, The Democrat, The New York Times, ” Gannett, USA, Workers Locations: Rochester , N.Y, New York, newsrooms, United States, Rochester

☆ Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024
▼ + stars: | 2024-04-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Mike Blake | ReutersThe CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year. If the market were to double, that would imply a new total crypto market cap of $5.2 trillion. Bitcoin accounts for about 49% of the entire crypto market, with a market capitalization of $1.3 trillion as of April 1. This year being an election year, crypto hopefuls are optimistic that the next administration will be more accommodating to the crypto industry with its policy focus. Garlinghouse isnt the only crypto bull predicting outsized gains for the crypto market this year.

Persons: Brad Garlinghouse, Mike Blake, Ripple's Brad Garlinghouse, I've, Garlinghouse, Gary Gensler, Ripple, Marshall Beard, there's, Beard, Anthony Pompliano Organizations: Milken, Global Conference, CNBC, U.S . Securities, Exchange Commission, SEC Locations: Beverly Hills , California, U.S, United States, London

☆ Kendrick Lamar spells out what he hates about Drake in new diss track, 'Euphoria.' Here's their beef explained.
▼ + stars: | 2024-04-08 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +19 min

Kendrick Lamar responded to Drake with a new diss track, "Euphoria," as their beef rages on. AdvertisementKendrick Lamar has taken aim at Drake for a second time with his new diss track, "Euphoria," amid the hip-hop heavyweights' feud. Advertisement"He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. A 'Drake' diss track appears online – but fans are wary it's AI-generated. Later in the track, Drake references Cole's diss track and apology.

Persons: Kendrick Lamar, Drake, Lamar, Taylor, —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, he's, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “ Organizations: Metro Boomin, Service, Future, Metro, HBO, Wireless, Lamar, Big, Rocky, Rap Locations: Lamar, Canadian, Florida

☆ Jasmin Paris: ‘Being a woman was never a barrier,’ says ultrarunner after historic Barkley Marathons finish
▼ + stars: | 2024-04-06 | by ( George Ramsay | ) edition.cnn.com time to read: +11 min

The Barkley Marathons consists of five loops, 20 miles each, along unmarked trails in rural Tennessee, with about 67,000 feet of elevation. David Allan/CNN If accepted into the race, runners get a "letter of condolence." David Allan/CNN Barkley runners jump into a creek and wade through a tunnel that goes under Brushy Mountain State Penitentiary. Instead, it was weeks of training that laid the foundation for Paris’ Barkley success. We know that travel is a huge component of the carbon footprint of running and racing.”Regardless of whether she returns, the Barkley Marathons is an event that Paris will always hold dear.

Persons: CNN — Jasmin Paris, –, Gary Cantrell, “ I’ve, “ I’m, I’ve, Jacob Zocherman Paris, Barkley, ”, It’s, “, ultrarunners, Cantrell, Cantrell –, David Allan, They're, Laz, CNN Barkley, James Earl Ray, Martin Luther King Jr, Harvey Lewis, Paris ’ Barkley, “ It’s, ” – Organizations: CNN, Barkley, ”, CNN Sport, Walmart, BBC, Everest, Paris, Scotland – Locations: ” Paris, British, Everest, Paris, Tennessee, Brushy Mountain, Scotland, Austria, “

☆ CIA refutes whistleblower claim pushed by Republicans leading Biden impeachment inquiry
▼ + stars: | 2024-04-05 | by ( Annie Grayer | ) edition.cnn.com time to read: +3 min

CNN —House Republicans leading the impeachment inquiry into President Joe Biden were dealt their latest blow this week when the CIA informed them that an allegation they pushed was false, the latest example of House Republicans citing questionable information to make a serious claim. But the CIA has refuted that claim in a letter obtained first by CNN that was sent to Jordan and Comer. House Republicans are pushing back on the refutation. “I’ve made a document production in conjunction with the grand jury investigation,” Morris testified in his closed-door interview with Republicans conducting the inquiry in January. Republicans have raised questions about why Morris lent the president’s son millions of dollars and have sought to connect him to their impeachment inquiry into President Biden.

Persons: Joe Biden, Hunter Biden’s, undercutting, James Comer, Jim Jordan, Hunter Biden, Comer, Congressional Affairs James A, Catella, Russell Dye, Jamie Raskin, ” Raskin, Kevin Morris, Hunter, Morris, “ I’ve, ” Morris, “, ”, Biden, Gary Shapley, CNN’s Paula Reid Organizations: CNN — House Republicans, CIA, Republican, Department of Justice, FBI, IRS, CNN, “, Congressional Affairs, Republicans, Democrat Locations: Jordan, Delaware

☆ Robert Kiyosaki, David Einhorn, and Gary Shilling are all worried about inflation — and so is the Fed
▼ + stars: | 2024-04-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The central bank's current chief, Jerome Powell, is yet to defeat his mythical beast — and Wall Street is getting worried. Powell warned on Wednesday that the Fed's fight against inflation isn't over after annualized price growth accelerated to 3.2% in February. AdvertisementRaising the alarmBank of America analysts have suggested that stubborn inflation could mean the Fed doesn't start cutting rates until March next year. It's no wonder, then, that investors are waiting impatiently for the Fed to cut rates. Fundstrat's famously bullish boss, Tom Lee, proclaimed this week that it's dropping "like a rock" and the first rate cut is still likely to be in June.

Persons: —, Paul Volcker, Jerome Powell, Powell, Greenlight Capital's David Einhorn, Einhorn, Greenlight, Dad, Robert Kiyosaki, Gary Shilling, Julia La Roche, We've, Merrill Lynch's, they've, Shilling, It's, Fundstrat's, Tom Lee Organizations: Service, Federal, Business, of America, CNBC, Trust, Wall Street, Fed

☆ Forget Recession, New York City Is Entering a Wild New Gilded Age
▼ + stars: | 2024-04-04 | by ( Linette Lopez | ) www.businessinsider.com time to read: +16 min

In a country roiled by recession worries, those at the top of New York City — for better or worse — couldn't give a single gilded shit. For New York City, a brush with death called for a time of decadence. "New York City's restaurants and bars are experiencing an uneven pandemic recovery nearly four years after COVID-19 struck our city," Andrew Rigie, the executive director of the New York City Hospitality Alliance, said. AdvertisementIf a pandemic can't defeat New York City, a little inflation certainly isn't going to do it. And what that looks like is the affluent in New York City eating caviar, and poorer Americans eating cereal.

Persons: Steve Jobs, it's, Jennifer Saesue, Saesue, Fish Cheeks, Z, bistros, James Murphy, us Carbone, Casas — Cruz, Cipriani, Jean, Georges Vongerichten, Bongo, Andrew Rigie, Corey Mintz, we're, WK Kellogg, Gary Pilnick, Gary Pilnick's Organizations: Grand Prospect Hall, New, New York City, Apple, Mastercard, Chefs, Casas, Soho House, Bangkok Supper, Village, IBA, Hospitality Alliance, Nationwide, National Restaurant Association, Nasdaq, The University of Michigan Consumer, UBS, New York Locations: New York City, New York, Rome, Xinjiang, New, Manhattan, Coqodaq, Las Vegas, York, Bangkok, Hell, TouchBistro, Brooklyn, The Bronx

☆ North America's largest steel mill has a plan to reduce emissions and it's a perfect example of why carbon capture is so controversial
▼ + stars: | 2024-04-04 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

US Steel's plant in Gary, Indiana, aims to deploy carbon capture to reduce its carbon footprint by 2026. Climate groups and some scientists say carbon capture is unproven and will worsen global warming. If completed, the project would be the first commercial carbon capture at a steel plant. A 3D rendering of where CarbonFree's carbon capture technology will attach to US Steel's mill. "It's not a viable pathway to decarbonize GaryWorks," Inskeep said of carbon capture.

Persons: Erika Chan, It's, CarbonFree, Martin Keighley, Keighley, —, Ben Inskeep, Inskeep, GaryWorks, We've, hasn't, Chan, Joe Biden Organizations: Service, US Steel, Keighley, Citizens Action Coalition of Indiana, Steel, Cleveland Cliffs, Department of Energy, Nippon Steel, The United Steelworkers Locations: Gary , Indiana, Lake Michigan, GaryWorks, Indiana, Gary, East Arkansas, Cleveland, Ohio, Pennsylvania

☆ Tiger Woods is on player list for The Masters, but golfer’s longtime friend says there is concern over him walking 72 holes
▼ + stars: | 2024-04-04 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

And he’s got some constraints,” Woods’ friend Notah Begay III told a conference call on Wednesday, according to USA Today. According to Sports Illustrated, Woods played Augusta National last weekend with friend and PGA Tour peer Justin Thomas and club chairman Fred Ridley. Woods made his first appearance on the PGA Tour this year in February at the Genesis Invitational – an event he hosts. After admitting he had been suffering from back spasms during the first round, Woods withdrew during the second round, saying he was dealing with influenza. According to the PGA Tour, Woods has made the cut in 23 consecutive starts at Augusta, a record he shares with Fred Couples and Gary Player.

Persons: Woods, “ He’s, he’s, ” Woods, Notah Begay, ”, “, Begay, Justin Thomas, Fred Ridley, ” Begay, That’s, Jack Nicklaus, Fred Couples, Gary Player Organizations: CNN, USA, Sports, Augusta National, Stanford University, PGA Locations: Augusta

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