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☆ Live Updates: Cross-Examination of Michael Cohen to Continue in Trump Trial
▼ + stars: | 2024-05-16 | by ( Michael Wilson | ) www.nytimes.com time to read: +5 min

Mr. Trump faces 34 felony counts of falsifying business records to hide the reimbursement of Mr. Cohen. Mr. Trump, 77, has denied the charges and says he did not have sex with Ms. Daniels. Mr. Blanche grilled Mr. Cohen about social media posts. Their defense of Mr. Trump follows a gag order that bars him from attacking jurors and witnesses like Mr. Cohen. Mr. Trump has already been cited for 10 violations so far and threatened with jail if he continues.

Persons: Michael D, Cohen, Michael Cohen, Donald Trump, Todd Blanche, Trump, Stormy Daniels, Daniels, Trump’s, Juan M, Merchan, “, Mr, Blanche, ” Mr, Donald J, Mark Peterson, Cohen’s, Mike Johnson of, Johnson, ”, Doug Burgum, Vivek Ramaswamy Organizations: Mr, Prosecutors, Republican Party Locations: Manhattan, Lake, Mike Johnson of Louisiana, North

☆ Seeking Access to Congo’s Metals, White House Aims to Ease Sanctions
▼ + stars: | 2024-05-16 | by ( Eric Lipton | ) www.nytimes.com time to read: +1 min

Three years after Biden administration officials tightened sanctions on a billionaire Israeli mining executive for corrupt business practices in the Democratic Republic of Congo, they have reversed themselves and are offering the executive a deal they hope will bolster the supply of a metal vital to electric vehicles. The plan would allow the executive, Dan Gertler, to sell off his remaining stakes in three giant copper and cobalt mining operations in Congo. Once Mr. Gertler sells his positions, the Biden administration hopes Western-leaning companies will be more willing to invest in Congo, perhaps delivering a greater supply of cobalt to the United States as automakers race to increase domestic production of batteries. But certain State and Treasury Department officials strongly opposed the effort, saying that Mr. Gertler should not be allowed to profit from his deal-making, which the Biden administration earlier argued had cheated the citizens of Congo out of more than $1 billion in mining revenues.

Persons: Dan Gertler, Gertler, Biden Organizations: Biden, Democratic, Treasury Department Locations: Democratic Republic of Congo, Congo, United States

☆ Gina Rinehart: Australia’s richest woman seeks removal of her portrait from exhibition
▼ + stars: | 2024-05-16 | by ( Catherine Nicholls | Hilary Whiteman | ) edition.cnn.com time to read: +3 min

That certainly seems to be the case with a painting by indigenous artist Vincent Namatjira, which includes a portrait of Australia’s richest person, mining magnate Gina Rinehart. Rinehart has reportedly called for the National Gallery of Australia (NGA) to remove her portrait, one of 21 individual works that make up a single piece in Namatjira’s exhibition “Australia in Colour,” from display. The painting of Rinehart is one of 21 portraits by artist Vincent Namatjira that feature in his exhibition "Australia in Colour." Vincent NamatjiraAustralian media has reported that Rinehart approached the NGA’s director and chair to request the painting’s removal. She “remained unshakable” at the top of Forbes’ Australia’s 50 Richest list for 2024, the outlet reported in February.

Persons: Vincent Namatjira, Gina Rinehart, Rinehart, Queen Elizabeth II, Jimi Hendrix, Vincent Lingiari, Scott Morrison, “, Jackson, ” Namatjira, ”, Namatjira, Lang Hancock, She “, Forbes ’, 9News, Penelope Benton, NAVA Organizations: CNN, National Gallery of Australia, NGA, National Gallery, Hancock, Forbes, Australia’s National Association for, Visual Arts, NAVA, Gallery of Australia Locations: Australia, Canberra, American

Here are the takeaways from Day 18 of the Trump hush money trial:A heated confrontation over a key phone callIt took several hours of cross-examination before Blanche finally turned to the evidence directly related to the case. Blanche says the texts show that at 8:04 p.m. Cohen texted Schiller the phone number of the teenager prank calling him. “Was it true for just that phone calls, or was it true for other phone calls too?”“You just said you don’t recall a phone call back in 2016. “Because these phone calls are things that I have been talking about for the last six years. There’s also the possibility, as CNN has reported, that former Cohen attorney Bob Costello could appear.

Persons: Donald Trump, Todd Blanche, Michael Cohen, Trump, Stormy Daniels, Blanche, Cohen, Keith Schiller –, Daniels, Barron, Blanche finally, Schiller, “, ”, ” Blanche, Cohen texted Schiller, Keith Schiller, ” Cohen, Keith, ” “, it’s, he’s, Darrell Scott, –, Trump’s, Jean Carroll, Blanche quizzed, Maggie Haberman –, Susan Necheles, Susan Hoffinger, Merchan, There’s, Bob Costello, Costello Organizations: CNN, Trump, Mr, White, Congress, New, New York Times, Prosecutors Locations: Trump, White, New York, summations

☆ 4 powerful mindset shifts that actually save you money, according to a financial therapist
▼ + stars: | 2024-05-16 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

While everyone's financial situation is different, there are mindset shifts that can help anyone save more, whether they're a cushy DINK or an ALICE living paycheck to paycheck. She said some people can try to "white-knuckle" their financial goals, believing that once they reach them, they won't have to worry about money again. AdvertisementClayman shared a few simple mindset shifts that have helped her clients when faced with different financial issues. Process your disappointmentsIf you feel overwhelmed by the idea of budgeting, Clayman said you should get to the root of why you're overwhelmed. You need a deeper reason to stick to your goals if saving money will require both working a lot and turning down some fun experiences.

Persons: —, DINK, ALICE, Amanda Clayman, isn't, Clayman, it's Organizations: Service, Business

☆ Opinion | The Authoritarians Have the Momentum
▼ + stars: | 2024-05-16 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

The central struggle in the world right now is between liberalism and authoritarianism. In this contest, we liberals should be wiping the floor with those guys! Modi seems to be on the verge of re-election. Over the last two centuries liberalism has evolved into a system that respects human dignity and celebrates individual choice. As other moral systems, like religion, have withered in many people’s lives, liberalism itself has expanded to fill the hole in people’s souls.

Persons: Donald Trump, Viktor Orban, Narendra Modi, Tayyip Erdogan, Vladimir Putin, Xi Jinping, Trump, Modi, ” Alexandre Lefebvre, isn’t Locations: Iran, Russia

AdvertisementWarning: Spoilers for the first four episodes of "Bridgerton" season 3 and the book "Romancing Mr. Bridgerton" ahead. AdvertisementHannah Dodd as Francesca Bridgerton on season three, episode two of "Bridgerton." Season 3 should've built on 'Queen Charlotte' moreQueen Charlotte and Lady Danbury are underutilized so far in season three. Cressida's story is one of the best parts of the season so farCressida Cowper is given more depth in "Bridgerton" this season. "Bridgerton" season three, part two premieres June 16 on Netflix.

Persons: —, Caralynn Matassa, Palmer Haasch, Adekaiyero —, Bridgerton, Penelope, Colin, schtick, Luke Newton doesn't, Luke, Caralynn, Jonathan Bailey, Palmer, that's, I'm, Eloise, Cressida, Debling, Lord Debling doesn't, Polin, they've, he's, Liam Daniel, Netflix Palmer, — they're, Kanthony, Anthony, Kate, Anthony didn't, Daphne, Simon, Benedict whoring, Benedict, Lady Tilley Arnold, Lady Tilley, Francesca, John, Kilmartin, Hannah Dodd, Francesca Bridgerton, Fran, Hannah, Violet, Claudia Jessie, I've, Charlotte, Lady, Laurence Cendrowicz, Lady Danbury, Queen Charlotte, Golda Rosheuvel, they'd, Danbury, Lord Marcus, Lady Danbury haven't, Lady Featherington, Lord Debling, Featherington, Polly Walker, it's, Will Mondrich, Mondrich, Jean Page's, Alice, Will, doesn't, Cressida Cowper, Lady Whistledown, we've Organizations: Service, Business, —, Netflix Locations: Polin's, Lady Danbury, Queen, Lady, India

☆ Cramer: I still have hope for Under Armour despite its weak quarterly earnings
▼ + stars: | 2024-05-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer hasn't lost hope in Under Armour 's turnaround, despite Thursday's poor quarterly results and a grim outlook. Quarterly revenue for Baltimore-based Under Armour declined 5% year over year to $1.3 billion, in line with Wall Street expectations. On those sales, the company delivered $7 million in net income or earnings per share of 2 cents. UA YTD mountain Under Armour stock performance year-to-date. The Under Armour brand does resonate overseas.

Persons: CNBC's Jim Cramer hasn't, Armour, Jim, Kevin Plank, Plank, Stephanie Linnartz, hasn't Organizations: UA, North America Locations: Baltimore, North

☆ A millennial who's been applying to jobs for a year says he's encountered ghost jobs and scammers in his struggle to find a remote role
▼ + stars: | 2024-05-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Martins said that in the 12 months since his layoff, he'd been actively looking and applying for jobs but hadn't had much luck. In recent years, the rise of remote work and historically high job openings have helped more people with health issues find employment. But remote jobs aren't as common as they used to be — and there's competition to land one. AdvertisementThe share of US remote job postings on LinkedIn fell from more than 20% in April 2022 to about 10% in December 2023. AdvertisementIn part because of his upcoming move, Martins said, he'd focused his job search on remote roles.

Persons: —, Felipe Martins, Martins, He'd, didn't, he'd, hadn't, he's, scammers Organizations: Service, Business, Bureau of Labor Statistics, Federal Reserve Bank of San, Social, BLS, LinkedIn, scammers, Federal Trade Commission Locations: Utah, Federal Reserve Bank of San Francisco, Washington

☆ A millennial who got laid off says he's encountered ghost jobs and scammers in his struggle to find a remote role
▼ + stars: | 2024-05-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

In the 12 months since his layoff, Martins said he's been actively looking and applying for jobs but hasn't had much luck. In recent years, the rise of remote work and historically high job openings have helped more people with health issues find employment. But remote jobs aren't as common as they used to be — and there's competition to land one. AdvertisementThe share of US remote job postings on LinkedIn fell from over 20% in April 2022 to about 10% in December 2023. But without a job, he's had to deal with some financial stresses.

Persons: —, Felipe Martins, Martins, He'd, didn't, he's, hasn't, he'd, He's, doesn't, scammers Organizations: Service, Business, Bureau of Labor Statistics, San Francisco Fed, Social, BLS, LinkedIn, scammers, Federal Trade Commission Locations: Utah, Washington

☆ Wife of Sen. Robert Menendez has breast cancer, he reveals during corruption trial
▼ + stars: | 2024-05-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

US Senator Bob Menendez, Democrat of New Jersey, and his wife Nadine Arslanian, arrive at the US District Court, Southern District of New York, in New York City on September 27, 2023. Nadine Menendez, the wife and co-defendant of Sen. Robert Menendez, has been diagnosed with breast cancer, the Democratic lawmaker revealed Thursday during his trial on federal corruption charges. Nadine Menendez "had financial concerns that she kept from Bob," he said. The attorney advised the jurors that every time they hear evidence about Nadine Menendez, they should ask themselves, "What did Bob know?" "Every action Senator Menendez took was to help his constituents," he said.

Persons: Bob Menendez, Nadine Arslanian, Nadine Menendez, Sen, Robert Menendez, Menendez, Nadine, ” Menendez, Nadine Menendez's, Wael Hana, Fred Daibes, Avi Weitzman, Weitzman, Bob, Waldo, Laura Pomerantz, Pomerantz Organizations: Democrat, Court, Southern District of, Democratic, NBC Locations: New Jersey, Southern District, Southern District of New York, New York City, Manhattan, Jersey, U.S

For the Ukrainian border town of Vovchansk, they’re getting worse. Locals in the town lived through occupation and liberation for seven grueling months in 2022. The Russian military claims the action has left close to a dozen villages under its control. Maria, 85, evacuates the Ukrainian town of Vovchansk. The Russians held our boys there.” There has been widespread reporting of mistreatment of Ukrainian civilians under Russian occupation, allegations the Kremlin has typically dismissed as fake.

Persons: they’re, Vladimir Putin’s, Mykola, –, “, ”, Maksim, Maria, haltingly, Inna, they’ve, Vovchansk Organizations: Ukraine CNN —, Locals, CNN, Russian Locations: Vovchansk, Ukraine, Ukrainian, Moscow, Kyiv, Russia, Kharkiv

☆ Cressida Cowper is getting a redemption arc in 'Bridgerton' season 3. Here's how it differs from the books.
▼ + stars: | 2024-05-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

"Bridgerton" season three is making a big change to the former villain Cressida Cowper. AdvertisementIn the books, Cressida marries before Penelope and Colin's love storyJessica Madsen as Cressida Cowper and Claudia Jessie as Eloise Bridgerton in "Bridgerton" season three. Liam Daniel / NetflixCressida appears in two "Bridgerton" books: "The Viscount Who Loved Me," which was source material for season two, and in "Romancing Mr. Bridgerton," which underpins season three. In "Romancing Mr. Bridgerton," Cressida is a vain, mean bully of London society. Cressida pretends to be Lady Whistledown and later blackmails PenelopeJoanna Bobin as Lady Cowper and Jessica Madsen as Cressida Cowper in "Bridgerton" season 3.

Persons: —, Bridgerton, Cressida Cowper, Jessica Madsen, Daphne Bridgerton, Phoebe Dynevor, Penelope Featherington, Nicola Coughlan, Cressida, Eloise Bridgerton, Claudia Jessie, Julia Quinn, Eloise, Penelope, Liam Daniel, Netflix Cressida, Twombley, Whistledown, Penelope Joanna Bobin, Lady Cowper, Lady, Lady Whistledown's, Queen Charlotte, Danbury, Colin Bridgerton, Lady Whistledown, Colin, Luke Newton, Netflix Madsen, Jess Brownell, Jess, they're, " Madsen, Madsen Organizations: Service, Netflix, Business, Lady Danbury

☆ Heat Stress Is Hitting Caribbean Reefs Earlier Than Ever This Year
▼ + stars: | 2024-05-16 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

As the world’s coral reefs suffer a fourth global bleaching event, heat stress in the Caribbean is accumulating even earlier than it did in 2023, the previous record year for the region, according to data made public on Thursday by the National Oceanic and Atmospheric Administration. “I hate that I have to keep using that word ‘unprecedented,’” said Derek Manzello, coordinator of the agency’s Coral Reef Watch Program. Officials said conditions were quickly changing to a neutral state, with a cooler La Niña forecast for this summer or fall. But right now, temperatures in the Caribbean off Panama, Costa Rica, Nicaragua and Colombia are hitting levels that previously haven’t been seen until weeks later, an ominous signal after the heat that ravaged reefs across the region last year. A study of the reefs off Huatulco in Oaxaca, Mexico, found coral mortality ranging from 50 percent to 93 percent, depending on the reef area.

Persons: “, ’ ”, Derek Manzello, El Organizations: National Oceanic, Atmospheric Administration, Reef Watch Locations: Caribbean, Panama, Costa Rica, Nicaragua, Colombia, Oaxaca, Mexico

☆ Harrison Butker speech: The biggest mistake he made in his controversial commencement comments
▼ + stars: | 2024-05-16 | by ( Aj Willingham | ) edition.cnn.com time to read: +10 min

CNN —The NFL is distancing itself from controversial comments by Kansas City Chiefs kicker Harrison Butker during a recent commencement address. However, plenty of women (and Taylor Swift fans) have made their feelings plainly known. Harrison Butker of the Kansas City Chiefs speaks to the media ahead of Super Bowl LVIII on February 5, 2024, in Las Vegas. Conservative voices have praised Butker’s speech for being “100% correct” and for reflecting his self-professed deep Catholic faith. Feminists and Taylor Swift fans have fired backButker, 28, has been with the Chiefs for seven seasons.

Persons: Harrison Butker, Butker, –, Taylor Swift, “ Harrison Butker, ”, Jonathan Beane, “, —, ” Butker, Isabelle, Robin Alam, Sam McDowell, Swift, Travis Kelce, Taylor, ’ ” Butker, Travis, ” Taylor Swift, Ezra Shaw, Harrison, I’ll, influencers, Elizabeth Keller Butker, Emory University’s, Vicki Chan, Kelce, Roger Goodell, Lisa Guerrero, • Butker, Joe Biden, Andrea Williams, Patrick Mahomes, “ Harrison Butker doesn’t, doesn’t, Yvette Walker, CNN’s Kevin Dotson Organizations: CNN, Kansas City Chiefs, Pride, Benedictine College, NFL, Chiefs, Super Bowl, Kansas City Star, Conservative, San Francisco 49ers, Getty, Emory, Emory University’s Winship Cancer Institute, Smith College, Football, Catholic, America Locations: Atchison , Kansas, Las Vegas, Atlanta, Massachusetts

☆ Opinion: In Trump Trial, Stormy Daniels testimony was revealing — about America
▼ + stars: | 2024-05-16 | by ( Opinion Danielle Campoamor | ) edition.cnn.com time to read: +6 min

For two days in Manhattan, Stephanie Gregory Clifford — better known as Stormy Daniels — detailed her connection to former President Donald Trump and alleged sexual encounter with him in 2006. But it matters that the media decided to erroneously describe a grown woman openly discussing an alleged sexual encounter with a grown man as obscene. The words used to characterize Daniels’ testimony evoke a feeling of inherent wrongness or dirtiness — and not on the part of the accused but of the woman who dared to speak up. While the Manhattan criminal case is not directly tied to Trump’s alleged encounter with Daniels, the details of their brief alleged tryst are crucial to the prosecution’s case. In a 2018 interview with CNN’s Anderson Cooper, she described her alleged sexual encounter with Trump as consensual.

Persons: Danielle Campoamor, Stephanie Gregory Clifford —, Stormy Daniels, Donald Trump, Danielle Campoamor Ashley Batz, Daniels, “, tawdry, Trump’s, Trump, Jean Carroll, —, Eric, ”, CNN’s Anderson Cooper, I’ve Organizations: NBC, CNN, Republican, Trump, Twitter, Facebook Locations: Manhattan, Nevada, ”

☆ Forget the Magnificent Seven. These AI plays are red hot
▼ + stars: | 2024-05-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

The S&P 500’s utility sector has gained 14% this year, making it the third-best-performing category behind information technology and communication services. Utility stocks tumbled more than 10% in 2023, underperforming the S&P 500’s 24% gain, as investors betting on the artificial intelligence boom crowded into the Magnificent Seven big tech stocks. To be sure, not everyone is jumping into utility stocks. Rising gasoline and shelter costs accounted for more than 70% of the monthly increase in overall inflation, according to the report. Including the ticket price, UK concertgoers will spend, on average, £848 ($1,068) each, which is more than 12 times the average cost of a night out in the UK, according to Barclays’ research.

Persons: ”, Adam Turnquist, Alicia Wallace, Wednesday’s, Read, Taylor Swift’s, Anna Cooban, Swift Organizations: CNN Business, Bell, New York CNN, Constellation Energy, NRG Energy, International Energy Agency, Federal Reserve, LPL, Nvidia, Micro, Bureau of Labor Statistics, CPI, Barclays, Barclays ’ Locations: New York, United Kingdom, United States, England, Wales, Scotland

Sergey Dolzhenko/EPA-EFE/ShutterstockUkrainian President Volodymyr Zelensky, NATO’s Jens Stoltenberg and other European leaders are condemning the attack on Slovak Prime Minister Robert Fico on Wednesday. NATO Secretary General Jens Stoltenberg: "Shocked and appalled by the shooting of Prime Minister Robert Fico. My thoughts are with PM Fico, his family,” she said on X.Ukrainian President Volodymyr Zelensky: "The attack on Slovakia’s Prime Minister Robert Fico is appalling. Italian Prime Minister Giorgia Meloni: "I learned with deep shock the news of the cowardly attack on Slovak Prime Minister Robert Fico. Spanish Prime Minister Pedro Sanchez: “Horrified and outraged at the attack on the Slovak Prime Minister.

Persons: Volodymyr Zelensky, Zuzana Caputova, Sergey Dolzhenko, NATO’s Jens Stoltenberg, Robert Fico, Jens Stoltenberg, Ursula von der, “, Fico, ”, state's, Zelensky, Viktor Orban, ” Orban, Giorgia, Pedro Sanchez, ” Sanchez Organizations: Slovak, NATO, European, Slovakia’s, Spanish, Slovak Prime Locations: Kyiv, Ukraine, Slovakia, Hungarian, Spain

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCreator-economy startup Jellysmack has sold its catalog-licensing business, JellyFi, a company spokesperson told Business Insider. "Jellysmack's team has been extremely professional, and we hope to continue collaborating with them on many other opportunities," Copyright Capital's CEO Jack Ojalvo told BI in a statement. AdvertisementThe company entered the catalog-licensing business in early 2022, saying it would set aside $500 million for the effort. The company chose to deprioritize JellyFi in favor of more profitable core initiatives.

Persons: —, Frederic Porcherot, Jack Ojalvo, Jellysmack, Sean Atkins, deprioritize, X, it's Organizations: Service, Copyright, BI, Business, Keli Network, YouTube, Facebook, Creative, Jellysmack, Productions, Network Media LLC, Crime Network Locations: SoftBank

☆ ‘We have to do what we have to do’: Israel’s Netanyahu stands firm on Rafah offensive despite U.S. tensions
▼ + stars: | 2024-05-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military offensive in Rafah in the Gaza Strip, but stood firm that the operation is required to protect Israeli security. But we have to do what we have to do," Netanyahu said Wednesday, in an interview with CNBC's Sara Eisen. Over 1,200 people have been killed in Israel since October, according to Israel's prime minister's office. Meanwhile, more than 35,000 people have been killed in the Gaza Strip, according to the Palestinian health ministry's latest official count. Earlier this week, U.S. Secretary of State Antony Blinken stressed that Washington could not endorse a Rafah military incursion in the absence of a "credible" plan to safeguard civilians.

Persons: Benjamin Netanyahu, Netanyahu, CNBC's Sara Eisen, Israel, Antony Blinken, Josep Borrell Organizations: Palestinian, Hamas, NBC's, U.S . State Department Locations: U.S, Rafah, Gaza, Israel, United States, Washington, Hamas, Kerem Shalom

☆ Peloton's demise is another in a long line of failed fitness fads
▼ + stars: | 2024-05-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.

Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America

☆ Israeli PM Benjamin Netanyahu to CNBC: I hope we can see eye to eye with the United States
▼ + stars: | 2024-05-15 | 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 EmailIsraeli PM Benjamin Netanyahu to CNBC: I hope we can see eye to eye with the United StatesCNBC’s Sara Eisen sits down with Israeli Prime Minister Benjamin Netanyahu to discuss Israel’s war in Gaza, the impending invasion of Rafah, the strategy against Hamas, and how he’s addressing internal and international divisions over the Israeli military’s response to the Oct. 7 attacks.

Persons: Benjamin Netanyahu, United States CNBC’s Sara Eisen Organizations: CNBC, United, Israeli, Hamas Locations: United States, Gaza, Rafah

☆ Dollar droops to one-month low vs euro before key CPI test
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, the new £10 note is seen alongside euro notes and U.S. dollar bills on Oct. 13, 2017 in Bath, England. The euro edged up 0.03% to $1.0823 in Asian trading hours, and earlier rose to $1.0828 for the first time since April 10. The dollar edged back 0.12% to 156.245 yen on Wednesday, but had pushed as high as 156.80 overnight. The dollar dropped 0.24% to 7.2232 yuan in offshore trading, after reaching the highest since May 1 at 7.2460 overnight. The New Zealand dollar climbed 0.37% to $0.6062, and earlier touched $0.6064 for the first time since April 10.

Persons: Alan Ruskin, Jerome Powell, Tony Sycamore, Joe Biden's Organizations: Reserve, U.S, Treasury, Deutsche Bank, Bank of Japan, CPI, IG, Australian, New Zealand Locations: Bath, England, U.S, China

☆ Stock market today: Stocks jump on cooler April inflation report
▼ + stars: | 2024-05-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose as traders took in slightly cooler inflation figures. Consumer prices rose 3.4% year-per-year in April, down from the prior month's 3.5% increase. Still, investors have muted expectations for Fed rate cuts by the end of the year. AdvertisementUS stocks jumped on Wednesday as traders took in the latest inflation report, which showed prices cooled slightly in April. Falling inflation has fueled some hope the Fed is set to issue several interest rate cuts this year, which is bullish for stocks.

Persons: —, Seema Shah, Sonu Varghese Organizations: Service, Treasury, Asset Management, Traders, Carson Group

☆ US inflation slowed in April, providing a glimmer of hope for weary Americans
▼ + stars: | 2024-05-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —After a hot start to 2024, inflation cooled back down in April, providing a bit of hope for Americans worn down by elevated prices. On a monthly basis, prices rose 0.3%, a slower pace of growth than the 0.4% seen in the two months prior. Rising gasoline and shelter costs accounted for more than 70% of the monthly increase in overall inflation, according to the report. Wednesday’s report landed mostly in line with economists’ expectations, which is a welcome turnabout from January, February and March, when CPI (and other inflation gauges) came in hot, hot, hot. The Federal Reserve has been wanting to see meaningful process on inflation before it starts trimming back interest rates.

Persons: Wednesday’s Organizations: CNN, Bureau of Labor Statistics, CPI, Federal Reserve

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