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☆ NY Fed report finds Americans increasingly facing borrowing headwinds
▼ + stars: | 2023-07-17 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

REUTERS/Philippe Wojazer/IllustrationJuly 17 (Reuters) - Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed, released Monday, said. The bank said that the overall rejection rate for credit applicants rose to its highest level since June 2018, and stood at 21.8%, from 17.3% in February. Rejection rates for credit cards, credit limit increases also gained ground. The rejection rate for mortgages stood at 13.2% in June from 10% in February, while the rejection rate for mortgage refinancing jumped to 20.8% last month, from 16.3% in the prior survey. The surge in home lending costs has caused Americans to cut back on borrowing there: The New York Fed reported in May that during the first quarter demand for mortgages fell even as overall household debt levels ticked higher.

Persons: Philippe Wojazer, —, Michael S, Aurora Ellis Organizations: American Express, REUTERS, New York Fed, York, Consumer, Thomson Locations: February’s

☆ YOUR MONEY How to get high rates to work for you
▼ + stars: | 2023-07-17 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

July 17 (Reuters) - There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt. But for some, steep interest rates are not actually bad news. In fact, 38% of people say they have benefited from higher interest rates during the past year, according to a new survey from Allianz Life Insurance. “That’s the dichotomy: Higher interest rates are both crushing some people and benefiting others at the same time,” says Kelly LaVigne, vice president of Consumer Insights for Allianz Life. That means if you have some savings set aside, it is time to think about how to flip this negative of higher interest rates into a positive.

Persons: “, ”, Kelly LaVigne, Amy Arnott, Morningstar, Arnott, Rowe, Baird, Jeremy Keil, Keil, George Gagliardi, Lauren Young, Aurora Ellis Organizations: Allianz Life Insurance, Consumer, Allianz Life, U.S . Federal Reserve, Morningstar, FDIC, Bills, CIT Bank, BMO Alto, Citizens, Financial, Thomson Locations: New Berlin , Wisconsin, Toronto, Lexington , Massachusetts

☆ United Airlines pilots reach labor agreement, boost pay
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +2 min

CHICAGO, July 15 (Reuters) - United Airlines (UAL.O) and its pilots on Saturday reached a labor agreement that will give the latter a significant pay increase, after the union rejected an earlier offer last year instead to seek even higher wages with pilots in short supply. The pilots will get cumulative 34.5%-40.2% increase in pay raises in a new four-year contract, the Air Line Pilots Association (ALPA) said. "We're pleased to have reached an agreement with ALPA," United Airlines CEO Scott Kirby said. United, Delta, American Airlines and Southwest Airlines (LUV.N) are estimated to hire about 8,000 pilots this year. United pilots turned down a deal last year that included more than 14.5% in cumulative wage increases and enhanced overtime and training pay.

Persons: We're, Scott Kirby, Rajesh Kumar Singh, Baranjot Kaur, Nick Zieminski, Diane Craft, Aurora Ellis Organizations: United Airlines, Saturday, Air Line Pilots Association, United, ALPA, Delta Air Lines, Industry, Rival American Airlines, American Airlines, Southwest Airlines, Jefferies, Thomson Locations: Chicago, North America, Delta, United States, Bengaluru

☆ Due to climate woes, Georgia has to pivot away from peaches
▼ + stars: | 2023-07-15 | by ( Ellie Stevens | ) edition.cnn.com time to read: +4 min

The Peach State lost more than 90% of this year’s crop after a February heat wave followed by two late-spring frosts. It’s even on the flip side of the Georgia state quarter. Their summertime staples Peaches & Cream and Georgia Peach Sorbet flavors debuted July 1, he said, but eat fast. Liella Foods, LLCYes, Georgia peach prices have zoomed, he said, to about $40 for a box wholesale, from the usual $17-$20. And in the meantime, Georgia peaches are selling like the Seinfeld-ian Macinkaw, a delicacy that Kramer described as “a miracle of nature, like the Aurora Borealis.”

Persons: —, ”, Henryk Kumar, Sean Lennon, Fitzgerald, Lennon, he’s, Kamayan, Mira Orino, they’re, Kramer, Maddie Mitchell, Aunt, Aunt Evelyn’s, David Bruce Organizations: CNN, Peach State, Georgians, Cream, Foods Locations: Georgia, Atlanta, California, York, Los Angeles, Woodbury , Ga, Mexico, Michigan, Wisconsin, Canada, David Bruce . California, South Carolina

It has been a heat wave that has given pause to many Phoenix residents, even to summer-tested veterans like Shields, who says he's been avoiding news reports about it. REUTERS/Liliana Salgado/File PhotoDespite the trend toward more very hot days, Phoenix residents have tended to shrug off the heat, he said. Phoenix is getting some of the worst of it, as the air mass is centered right over the Southwest. "This is not your typical summer heat." Asphalt temperatures can reach 160 degrees F (71 C) in the summer, the Arizona Humane Society wrote on its blog.

Persons: Michael Shields, Shields, he's, David Hondula, Adam Waltz, Waltz, Liliana Salgado, Zack Taylor, Taylor, Phoenix, It's, Emily Luberto, Cooper Burton, Sharon Bernstein, Rachel Nostrant, Rich McKay, Aurora Ellis, Jonathan Oatis Organizations: National Weather Service, Phoenix, Phoenix Parks, REUTERS, Center, Northern Arizona University, Arizona Humane Society, Thomson Locations: Phoenix, Arizona, Maricopa, Piestewa, Phoenix , Arizona, U.S, Oregon, West Coast, Texas, Alabama, College Park , Maryland, Vegas, Mesa, Flagstaff

It has been a heat wave that has given pause to many Phoenix residents, even to summer-tested veterans like Shields, who says he's been avoiding news reports about it. By 2050, they estimated, Phoenix residents are expected to see an average of 44 days per year over that temperature. REUTERS/Liliana SalgadoDespite the trend toward more very hot days, Phoenix residents have tended to shrug off the heat, he said. "This is not your typical summer heat." Asphalt temperatures can reach 160 degrees F (71 C) in the summer, the Arizona Humane Society wrote on its blog.

☆ SK Signet signs electric vehicle charger deal with Francis Energy
▼ + stars: | 2023-07-14 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 14 (Reuters) - SK Signet (260870.KN) told Reuters on Friday that it has signed a deal to supply 1,000 electric vehicle chargers to Francis Energy, in a move to tap federal funding on charging stations nationwide. The two are among several companies which were selected by Ohio state to receive more than $18 million in combined federal funds to build 27 electric vehicle fast charging stations along some of its interstate corridors. SK Signet, which also counts charging station operators Electrify America and EVgo (EVGO.O) as its customers, last month opened its first U.S. manufacturing facility in Texas. Ohio said all 27 stations announced this week will have the required Combined Charging System (CCS) plug, not Tesla connectors. "We’re considering whether to require it (the Tesla connector) or make it an optional enhancement in future rounds," a state official told Reuters.

Persons: Biden, Hyunjoo Jin, Aurora Ellis Organizations: FRANCISCO, SK Signet, Reuters, Francis Energy, EV, America, Ford, GM, Thomson Locations: Ohio, . Ohio, America, Texas

☆ The sun’s activity is peaking sooner than expected
▼ + stars: | 2023-07-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +11 min

Every 11 years or so, the sun experiences periods of low and high solar activity, which is associated with the amount of sunspots on its surface. Over the course of a solar cycle, the sun will transition from a calm to an intense and active period. During the peak of activity, called solar maximum, the sun’s magnetic poles flip. A solar activity spikeThe current solar cycle, known as Solar Cycle 25, has been full of activity, more so than expected. The solar storms generated by the sun can affect electric power grids, GPS and aviation, and satellites in low-Earth orbit.

Persons: ”, Mark Miesch, “, Alex Young, ” Miesch, Scott McIntosh, Robert Leamon, Leamon, Miesch, Young, auroras, Bill Murtagh, ” Murtagh, NASA’s Parker, “ We’ve Organizations: CNN, National Oceanic, Prediction, NASA's Solar Dynamics, NASA, SpaceX, Heliophysics, Goddard Space Flight, GPS, National Center for Atmospheric Research, Goddard Planetary Heliophysics, University of Maryland, College Park, American University, Dynamics, Geological Survey, Probe Locations: Boulder , Colorado, Greenbelt , Maryland, Baltimore County, New Mexico , Missouri, North Carolina, California, United States, England, United Kingdom, Alaska, Canada, Iceland, Norway, Scandinavia, Michigan, Upper Midwest, Pacific, Quebec

BOGOTA, July 14 (Reuters) - A crash in the price of coca, the chief ingredient in cocaine, is contributing to food insecurity in Colombia and causing displacement, as people leave areas that depend on the illicit crop, according to an internal United Nations presentation seen by Reuters. Historically coca crops have provided better incomes than legal alternatives for thousands of rural Colombian families, with drug-trafficking groups often footing the costs of transport, fertilizers and other supplies. "There is no cash to buy food and the inflation of (food prices) is rising," the presentation, dated June, said. Oversupply of coca - including more productive plants and record crops - is contributing to the crash, along with slow growth of trafficking routes and new coca cultivation in Guatemala, Honduras and Mexico, the presentation said. Other reasons for falling coca prices include territorial disputes between trafficking groups and imports of synthetic opioid fentanyl to the United States, a major cocaine consumer, it added.

Persons: Valerin Saurith, It's, Saurith, Elizabeth Dickinson, Dickinson, Oliver Griffin, Aurora Ellis Organizations: Reuters, United Nations, Food Programme, WFP, Norte de Santander, International Crisis, Thomson Locations: BOGOTA, Colombia, Nations, Colombian, Guatemala, Honduras, Mexico, United States, Narino, Putumayo, Norte

☆ After days of anticipation, many folks won't get to see the northern lights. Here's why.
▼ + stars: | 2023-07-13 | by ( Chris Panella | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

This week's forecast for seeing the northern lights across the US was hopeful, but it's now unlikely. Predictions for a stunning display of the northern lights across the continental US this week were promising, but forecasters say it's unlikely now. Usually the northern lights are only visible north of the continental US, in snowy Arctic regions. Scientists rely on observations of space and solar activity in order to forecast the northern lights, but things can change quickly. Even in the days and hours leading to a possible appearance of the northern lights, it's still difficult to predict them.

Persons: it's, Bill Murtagh, Murtagh Organizations: Service, National Oceanic, Prediction, USA, Experts, NASA Solar Dynamics Locations: Maryland, Annapolis , Maryland, Arizona

The best Prime Day deals that are still liveDeal icon An icon in the shape of a lightning bolt. Great Price Casper Nova Hybrid Mattress (Queen) The Casper Nova Hybrid is the best soft mattress and the best mattress for side sleepers that we've tested. On July 11 of Prime Day 2023, this deal matches the lowest price Amazon offers on this kit. Great Price Apple MagSafe Charger This Prime Day sale is one of the best discounts we've seen on the official MagSafe charger. Lightning Deal Vitamix Explorian E310 Blender For Prime Day, the Vitamix Explorian Blender, Professional-Grade, 64 oz.

Persons: AirPods, Price, Price Roku, Max, Price Casper, Casper, it's, wicks, Price Apple, Fryer, fryer, Price Dyson, Dyson, Hoover, It's, Price Dell, Price LG, we've, You'll, Gray Organizations: Amazon Prime, Apple, Amazon, Price Apple, Walmart, OSHA, Prime, Steam, Fire, Price LG, LG, PlayStation, Google, HP, Price Samsung, Samsung, MacBook Air, Asus, Mobile, Lenovo, Gray, Super Nintendo Entertainment, Fujifilm Locations: Siena, Birch, Sol, Cha Kyusu, Japan

☆ US Justice Department launches civil rights probe into 'deeply concerning' Atlanta-area jail
▼ + stars: | 2023-07-13 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +1 min

Companies Us Justice Department FollowWASHINGTON, July 13 (Reuters) - The U.S. Justice Department on Thursday launched a civil rights probe into conditions at the Fulton County jail in Atlanta, Georgia that will examine whether the facility is discriminating against incarcerated people with mental illnesses, a top department official said on Thursday. "The Fulton County Sheriff has acknowledged that the main jail is dilapidated and rapidly eroding," Clarke said. "The level of violence in the jails is deeply concerning, and at one point in 2022, the jails averaged more than one stabbing per day." A medical examiner hired by his family earlier this year determined that Thompson died of complications from severe neglect to both his mental and physical health. Reporting by Sarah N. Lynch; Editing by Chizu Nomiyama and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Kristen Clarke, Clarke, Lashawn Thompson, Thompson’s, Thompson, Sarah N, Lynch, Chizu Nomiyama, Aurora Ellis Organizations: Department Follow WASHINGTON, U.S . Justice, Civil Rights, Fulton County Sheriff, Thomson Locations: Fulton, Atlanta , Georgia, Fulton County

Prime Day 2023 ends tonight and we're still working hard to round up all the best deals of day 2. Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. On select sizes and colors, you can get up to 60% off, the lowest Prime Day price to date. Even with a newer C3 model out this year, this remains a better value, especially at this current Prime Day deal price. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day.

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Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. $10.14 from Amazon Originally $25.00 Save 59%Prime Day deals: StyleWe've got you covered for head-to-toe deals across the fashion world today. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day. $12.99 from Amazon Originally $23.99 Save 46%More Prime Day dealsDeal icon An icon in the shape of a lightning bolt. You'll also get a bonus of $10 with this Prime Day deal when you use the code "HAPPY" and spend $50.

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☆ Lebanon daycare abuse prompts alarm as economic despair deepens
▼ + stars: | 2023-07-12 | by ( Emilie Madi | ) www.reuters.com time to read: +3 min

BEIRUT, July 12 (Reuters) - The alleged abuse of toddlers at a daycare in crisis-stricken Lebanon has sparked alarm over the physical and emotional wellbeing of children in the country, where a nearly four-year economic meltdown is seeping into all aspects of life. The videos - shot on a mobile phone months ago but only recently circulated on social media - prompted an outcry from parents. Lebanon's health ministry meanwhile said in an online statement on Tuesday that it had shut down the daycare after carrying out a "rapid investigation" into the alleged violence. "This closure is not enough, and the punishment must be a lesson," the statement quoted minister Firas al-Abiad as saying. "That was just the tip of the iceberg, what we saw this week at the nursery," Higgins said.

Persons: Tatiana Tannous Hachem, Hachem, Firas, Ettie Higgins, Higgins, Emilie Madi, Rajaa bint Talal, Maya Gebeily, Aurora Ellis Organizations: Reuters, Internal Security Forces, United Nations, UNICEF, Thomson Locations: BEIRUT, Lebanon, Beirut

☆ Sam Altman explains why he's helping to take nuclear microreactor company Oklo public via SPAC
▼ + stars: | 2023-07-11 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

And if we get those, we'll be quite surprised about how different and how much better the future is," Altman told CNBC in a phone conversation on Friday. I think there's urgent demand for tons and tons of cheap, safe, clean energy at scale," Altman told CNBC. I mean, maybe we could get there just with solar and storage," Altman told CNBC. There's no lack of desire or need for this," Altman told CNBC. Some of that is the reactor's smaller size, but some of it is how the Oklo reactors have been designed.

Persons: Gensler, Sam Altman, Oklo, Jake DeWitte, Aurora, Altman, chatbot, Caroline Cochran, Jacob DeWitte, Y, OpenAI, Joel Saget, He's, We've, DeWitte Organizations: AltC Acquistion Corp, CNBC, Microsoft, Oklo, Y Combinator, Afp, Getty, Helion, Southern, Initiative, U.S . Department of Energy, Idaho National Laboratory, Nuclear Regulatory Commission, NRC Locations: ramping, OpenAI, Paris, Georgia, U.S, Southern Ohio, Idaho

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Persons: We're, we've, Amazon’s, eero, AirPods, Price, it's, Price Roku, Dolby, you've, Max, Price Casper, Casper, It's, Coop, Rich, wicks, Price Bowflex, Garmin Venu, Venu, you’ve, Riley C.E.O, Sunday Riley, It’s, it’s, Murad Retinol, Kit Burt's, Kit, you'll, LaCroix, seltzer, Foodi, Fryer, fryer, they're, Price Arlo, Dyson, Collar, You'll, Gray Organizations: Amazon, Alexa, Amazon's, Echo Studio, Music, Prime, Price Apple, Samsung, Apple, LG, Amazon Prime, Walmart, Casper, Health, Fitness, Price Garmin, Garmin, Optimum, Theragun's, Sunbeam, Sunday, Panasonic, Amazon Deal, Energy, AA, Black, Steam, Quart, Deal LG, Fire, Price LG, PlayStation, Google, MacBook Air, Asus, Mobile, Lenovo, ASUS, Monitor, Seagate, Deal Samsung Galaxy, Galaxy, Fujifilm, TSA Locations: Siena, Birch, Sol, it's, sharpener

☆ The Northern Lights are expected to be visible in 17 states on Thursday. Here's how to get the best view.
▼ + stars: | 2023-07-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The Northern Lights are expected to be visible from 17 states on Thursday. It includes places as far south as New York and Maryland, The Associated Press reported. You should get away from city lights between 10 p.m. and 2 a.m. local time to get a good view. Thursday's lights are set to be more visible as the forecasted solar storm will result in increased auroral activity. According to the Geophysical Institute, in one rare event in 1958, the Northern Lights were even visible from Mexico City.

Organizations: Associated Press, Service, AP, Geophysical Institute, University of Alaska, Fairbanks, Atmospheric Administration Locations: New York, Maryland, Wall, Silicon, Canada, Scandinavia, Alaska , Oregon, Washington , Idaho , Montana , Wyoming, North Dakota, South Dakota, Minnesota , Wisconsin , Michigan, New York , New Hampshire , Vermont , Indiana , Maine, Annapolis , Maryland, Boise , Idaho, Riverton , Wyoming, California, Arizona, Mexico City

☆ Far-Right Parties Are Rising to Power Around Europe. Is Spain Next?
▼ + stars: | 2023-07-08 | by ( Jason Horowitz | More About Jason Horowitz | ) www.nytimes.com time to read: +1 min

Last month, after Spain’s conservative and hard-right parties crushed the left in local elections, the winners in Elche, a small southeastern town known for an ancient sculpture and shoe exports, signed an agreement with consequences for the future of Spain — and the rest of Europe. The candidate from the conservative Popular Party had a chance to govern, but he needed the hard-right Vox party, which, in return for its support during council votes, received the deputy mayor position and a new administrative body to defend the traditional family. They inked their deal under the cross of the local church. “This coalition model could be a good model for the whole of Spain,” said Pablo Ruz Villanueva, Elche’s new mayor, referring to upcoming national elections on July 23, which most polls suggest will oust the liberal prime minister, Pedro Sánchez, of the Spanish Socialist Workers’ Party. The new deputy mayor from Vox, Aurora Rodil Martínez, went further: “My party will do everything that’s necessary to make that happen.”If Ms. Rodil’s wish comes true, with Vox joining a coalition with more moderate conservatives, it would become the first right-wing party since the dictatorship of Francisco Franco to enter the national government.

Persons: Spain —, ”, Pablo Ruz Villanueva, Elche’s, Pedro Sánchez, Aurora Rodil Martínez, Rodil’s, Francisco Franco Organizations: Popular Party, Vox, Spanish Socialist Workers ’ Party, Aurora Locations: Elche, Europe, “, Spain

☆ A solar storm is due to hit Earth today, sparking stunning auroras. Here's how to see them.
▼ + stars: | 2023-07-06 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

It should be relatively mild but could spark beautiful auroras visible from around the world. NOAA space weather prediction centerHead to the National Oceanic and Atmospheric Administration's space weather website for the latest forecast to see if auroras are likely to be visible where you are. As the sun becomes more active, it is more likely to send solar storms our way. Flights are more likely to be rerouted or grounded in bad space weather, for instance, experts previously told Insider. In the meantime, our dependence on satellite infrastructure has increased, and our vulnerability to space weather has therefore increased," said Verscharen.

Persons: —, Daniel Verscharen, auroras, Igor Hoogerwerf, SANKA VIDANAGAMA, It's Organizations: Service, University College London, NOAA, National Oceanic, Atmospheric Administration, Mount Cook National, Getty, Royal Photographic Society Locations: Europe, Michigan, Maine, New York, Idaho, Illinois, Oregon, Phoenix , Arizona, Aurora, Mount, Christchurch , New Zealand, AFP

☆ AMD's AI chips could match Nvidia's offerings, software firm says
▼ + stars: | 2023-06-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

June 30 (Reuters) - Artificial intelligence chips from Advanced Micro Devices (AMD.O) are about 80% as fast as those from Nvidia Corp (NVDA.O), with a future path to matching their performance, according a Friday report by an AI software firm. Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI services that have swept through the technology industry in recent months. That prompted MosaicML, an AI startup acquired for $1.3 billion earlier this week, to conduct a test comparing between AI chips from AMD and Nvidia. Tang said that MosaicML used its tools, the PyTorch and AMD software to train a large language model without having to make any changes to its code base. If developers can find AMD's chips at the right price, "you can already switch to these today they're essentially interchangeable" with Nvidia chips, Tang said.

Persons: MosaicML, Hanlin Tang, Tang, OpenAI, Stephen Nellis, Aurora Ellis Organizations: Micro Devices, Nvidia Corp, Nvidia, AMD, MosaicML, Meta, Thomson Locations: San Francisco

[1/2] Hsiao-Wei Lee, Afghanistan country director for World Food Programme (WFP), speaks during an interview with Reuters in Kabul, Afghanistan, March 20, 2023. "It's five million people we are able to serve for another couple of months but then beyond that we don't have the resources," WFP Afghanistan Country Director Hsiao-Wei Lee told Reuters. Around 15 million Afghans in danger from lack of food are in need of assistance, according to WFP. WFP needs $1 billion in funding to provide food aid and carry out planned projects between now until March, Lee said. WFP would stay in Afghanistan and carry out its other work such as nutrition projects, Lee said, even if the projected cuts took place.

Persons: Hsiao, Wei Lee, Sayed, Lee, it's, Charlotte Greenfield, Andrew Mills, Aurora Ellis Organizations: Food Programme, Reuters, REUTERS, United Nations, WFP, Afghanistan, Thomson Locations: Afghanistan, Kabul, Islamabad, Doha

☆ 'Rust' armorer accused of handing off cocaine after shooting
▼ + stars: | 2023-06-30 | by ( Andrew Hay | ) www.reuters.com time to read: +1 min

June 30 (Reuters) - The armorer for the movie "Rust" allegedly transferred cocaine to an unnamed person to dispose of evidence on the day the film's cinematographer was shot dead in 2021, special prosecutors said as they sought protection for a witness. Prosecutors last week charged Gutierrez-Reed, 25, with an additional charge of tampering with evidence over the alleged transfer of narcotics. "Like everything else with the state's case and investigation, it's full of sound and fury, but signifying nothing," Bowles said in a statement. Gutierrez-Reed is the only person still facing charges for Hutchins' death after prosecutors dismissed charges against Baldwin and reached a plea agreement with first assistant director Dave Halls. In the Thursday court filing, prosecutors requested the witness’ identity be protected, saying the person feared being blacklisted from the film industry.

Persons: Hannah Gutierrez, Reed, Halyna Hutchins, Gutierrez, Alec Baldwin, Jason Bowles, Bowles, Friday, Hutchins, Baldwin, Dave Halls, Andrew Hay, Aurora Ellis Organizations: Prosecutors, Thomson

The yield curve's inversions deepened in June after Fed Chair Jerome Powell indicated that the central bank would likely raise rates two more times this year. Stronger-than-expected economic data on Thursday backed expectations that the Fed will keep interest rates higher for longer. Treasury yields- which move inversely to prices - moved up, with 10-year and two-year yields hitting their highest since March 10 and 9, respectively, while some curve inversions intensified. The spread between one- and 30-year Treasury yields was as wide as 153 basis points on Wednesday, its biggest gap since 1981. Key areas of the U.S. economy, including housing and labor, have proven resilient despite higher rates.

Persons: Jerome Powell, Powell, Janet Rilling, Huw Roberts, Davide Barbuscia, Chuck Mikolajczak, Ira Iosebashvili, Sam Holmes, Aurora Ellis, Nick Zieminski Organizations: YORK, U.S, Treasury, Federal, Allspring Global Investments, Quant, Thomson Locations: U.S

☆ Explainer: What is aspartame, the 'possible carcinogen' in diet sodas, sugar-free juices?
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +3 min

WHAT PRODUCTS CONTAIN ASPARTAME? Aspartame's use in food products has been debated for decades and has also prompted some companies to remove the compound from their products. PepsiCo (PEP.O) removed aspartame from some U.S. diet sodas. General Mills' (GIS.N) Yoplait also removed aspartame from its yogurts in 2014. Saccharin, sucralose and neotame are among five other artificial sweeteners alongside aspartame authorized by a WHO expert committee on food additives.

Persons: James Schlatter, Mills, Yoplait, Savyata Mishra, Deborah Sophia, Sriraj Kalluvila, Aurora Ellis Organizations: World Health Organization, Reuters, U.S . Food, Drug Administration, PepsiCo, FDA, National Library of Medicine, Thomson Locations: Diet, Spain, France, Italy, Denmark, Germany, Australia, New Zealand, Bengaluru

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