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☆ After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season?
▼ + stars: | 2023-10-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new Eras. However, it also could mean that holiday spending just might look a little different and skewed more toward experiences than it has done in past years. Respondents to KPMG’s 2023 holiday survey said they plan to spend 5% more this season, said Matt Kramer, KPMG’s consumer and retail national sector leader. “What stands out the most is this ‘leaning in’ to holiday travel and wanting to have those experiences with friends and family,” he said. A more comprehensive look at consumer spending will come at the tail end of the month when the Personal Consumption Expenditures data is released.

Persons: Barbenheimer, Everybody, ”, Keith Gentili, ” Taylor Swift, Allen J, “, Ted Rossman, that’s, ’ ”, aren’t, Matt Kramer, Tamara Charm, Elijah Nouvelage, Patrick T, Fallon, Gus Faucher, Nathan Howard, Nancy Vanden Houten, ’, ” Rossman, Matt Schulz Organizations: Minneapolis CNN —, New Hampshire, Los Angeles Times, Getty, Bankrate, McKinsey, Travelers, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Commerce, Apple, PNC Financial Services, Shoppers, canaries, LendingTree Locations: Minneapolis, New, Inglewood , California, splurge, ’, Los Angeles, AFP, Georgetown, Washington, what’s, Oxford

☆ Powerball jackpot hits $1.73 billion, second largest in history
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Powerball tickets are seen at a liquor store, in Washington, U.S., July 19, 2023. REUTERS/Nathan Howard/File Photo Acquire Licensing RightsOct 11 (Reuters) - An estimated $1.73 billion is up for grabs in the multistate Powerball drawing on Wednesday night, the second-largest lottery jackpot in history. The drawing, set for 11 p.m. (0300 GMT on Thursday), is the 36th since a Powerball player hit the jackpot three months ago. Wednesday's purse falls just short of the $2.04 billion Powerball jackpot won by a single-ticket holder in California in November 2022. Powerball tickets, which cost $2 each, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Persons: Nathan Howard, Brendan O'Brien, Jonathan Oatis Organizations: REUTERS, U.S . National Weather Service, of Columbia, U.S ., Florida Lottery, Thomson Locations: Washington , U.S, California, of Columbia , Puerto Rico, U.S, U.S . Virgin Islands, Tallahassee, Chicago

☆ California player wins $1.77 billion Powerball jackpot, second largest in history
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - A single-ticket holder from California was the sole winner of an estimated $1.77 billion Powerball drawing on Wednesday night, in the second-largest lottery jackpot in history, the lottery game's website said early Thursday. Final ticket sales pushed the jackpot beyond its advertised estimate of $1.73 billion to $1.77 billion at the time of drawing. Powerball tickets are seen at a liquor store, in Washington, U.S., July 19, 2023. Wednesday's purse falls just short of the $2.04 billion Powerball jackpot won by a single-ticket holder in California in November 2022. Powerball tickets, which cost $2 each, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Persons: Nathan Howard, Brendan O'Brien, Chandni Shah, Abinaya, Jonathan Oatis, Gerry Doyle Organizations: REUTERS, U.S . National Weather Service, of Columbia, U.S ., Florida Lottery, Thomson Locations: California, Washington , U.S, of Columbia , Puerto Rico, U.S, U.S . Virgin Islands, Tallahassee, Chicago, Bengaluru

☆ Arab League chief heads to Moscow for talks after Hamas attack on Israel
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

Arab League Secretary-General Ahmed Aboul Gheit speaks alongside U.S. Secretary of State Antony Blinken during a press appearance at the State Department in Washington, U.S., July 19, 2023. REUTERS/Nathan Howard/File Photo Acquire Licensing RightsMOSCOW, Oct 8 (Reuters) - Arab League Chief Ahmed Aboul Gheit headed to Moscow on Sunday for talks with Russian Foreign Minister Sergei Lavrov on the situation in Gaza after Palestinian Islamist group Hamas launched the biggest attack on Israel in years. After Hamas's attack on Saturday, Russia expressed grave concern, calling on both Palestinian and Israeli sides to cease violence and blamed the West for blocking the Middle East Quartet. Moscow said that a proper negotiation was necessary to provide for the creation of an independent Palestinian state within the borders of 1967 with a capital in East Jerusalem. Reporting by Guy Faulconbridge; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: General Ahmed Aboul Gheit, Antony Blinken, Nathan Howard, Ahmed Aboul Gheit, Sergei Lavrov, Aboul Gheit, Hosni Mubarak’s, Moscow, Maria Zakharova, Guy Faulconbridge, Toby Chopra Organizations: Arab, U.S, State Department, REUTERS, Rights, Arab League, Russian, Hamas, Quartet, UN, Security Council, Middle, EU, Foreign, Thomson Locations: Washington , U.S, Moscow, Gaza, Israel, Cairo, Russia, East Jerusalem, United States

☆ Key Republican backs Biden nominee to head FAA
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Senator Ted Cruz (R-TX) departs the U.S. Capitol building on Capitol Hill in Washington, U.S., April 26, 2023. REUTERS/Nathan Howard/ File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - A key Senate Republican said Thursday he plans to support the White House nominee to head the Federal Aviation Administration (FAA) as the agency addresses a series of near-miss incidents and air traffic controller staffing shortages. "The FAA is in desperate need of independent leadership willing to challenge the status quo," said Senator Ted Cruz, the top Republican on the Senate Commerce Committee in a statement to Reuters. He said Whitaker "has expressly committed to focus on the FAA's primary responsibility, which is ensuring the safety of our national aerospace." Reporting by David Shepardson Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Ted Cruz, Nathan Howard, Joe Biden, Michael Whitaker, Barack Obama, Whitaker, David Shepardson, Bernadette Baum Organizations: U.S . Capitol, REUTERS, Rights, Republican, White House, Federal Aviation Administration, Hyundai, FAA, Senate, Reuters, Thomson Locations: Washington , U.S, KS

☆ At Rosemead High, generations of students were harassed or groomed for sex as they tried to get an education
▼ + stars: | 2023-10-03 | by ( Matt Drange | ) www.businessinsider.com time to read: +87 min

Students were regularly subjected to sexual harassment by Hall, two former students told me. “I feel like so many of us were victims to the culture,” one former Rosemead student told Insider. Manipulation by a trusted adult has been passed like a virus to generations of Rosemead students. AdvertisementThe Shops at Santa Anita in Arcadia have long been a local haunt for Rosemead High students. We wondered aloud whether Masiello had harassed our mother the same way he'd done to generations of Rosemead students.

Persons: Clara didn't, She'd, Alex Rai, Eric Burgess, Burgess, Rai, Clara, they'd, Rai texted, she'd, who'd, Mark Abramson, Rai didn't, Leonard Levine, — I'm, Alex Rai wasn't, wouldn't, Rosemead, RubyAnna Sare, Sare, Harlan Mayne, Mayne, Dwain Crum, he'd, colluded, Crum, Robin Torres, Torres, Edward Zuniga, Zuniga, Paul Arevalo, Kristy, Jim Hall, Hall, groped, Angela, Diane Bladen, Bladen, Michael Sullivan, Sullivan, Denton Todd, Todd, Barbara, Arevalo, Barbara said, Matt Drange, Andrew Dalton, Dalton, ” Mark Abramson, I've, Will, Suzy, Carly Sanchez, Sanchez, aren't, —, David Pitts —, Pitts, Cindy, Scriabin, David Pitts, couldn't, That's, G, You'd, It's, Wing Chan, Chan, Louis Vuitton, Justin Rosien, Rosien, Rosien texted, cringed, Jim Hall's, Don Masiello, Paul Arevalo's, Sergio Caveyo, Caveyo, Brian Day, Alex, messaged, Brian Aliff, Aliff, Nichole, I'd, scoot, Michelle, Michelle's, Michelle didn't, Sarah, Brian Bristol, didn't, Nichole's, Weeks, Herbert Ortiz, Jaime, Ortiz, Richard Daniels, Daniels, Fidel Dominguez, Rosemead High's, Larry Callaham, Masiello, Jan Herzog, Herzog, Justin Fregoso, James Eder, Fregoso, me Eder, Eder, they've, Anne Bazile, Bazile, Unbeknownst, Arevalo —, Jonathan Howard, Credentialing, Howard, Elaine Rose, Rose, El Monte Union High School District Arevalo, he's, José Gallegos, Gallegos, Billie, Jo Grant, Grant, Michael Cohen, Cohen, Santa Claus, Oz, California's, haven't, Lupe Nieves, Nieves, reenacted, faxed, Harold Greenberg, Dan Morris, Morris, Alex Valdez, J, Valdez, alums, Heidi, Guillermo, she's, Clara wasn't, Mark Matthews, Matthews, Rai groped, Janine Salanitro, Zuniga hasn't, Felipe Salazar, Salazar, Andrew Dalton's, Matt Drange’s Organizations: Business, Rosemead High School, Rosemead High, Rosemead, El Monte Union High School District, Sheriff's Department, TA, El Monte Union High School, X's, Ford, Business Insider, Casa del Rey, Nissan, Nike, Bristol, Arroyo High School, High School, Los, Los Angeles County Sheriff's Department, Perris High School, of Education, Angeles County Sheriff's Department, California, California Department of Education, Monte Union High School, Valdez, Gabrielino, Rai, Los Angeles County Sheriff's, Temple City Locations: Southern California, Rosemead, San Gabriel Valley, San Gabriel, Los Angeles, Huntington Beach, Pasadena, Bladen, California, Arevalo, Utah, Santa, Arcadia, Beverly Hills, Burgess, Bristol, Arroyo, Perris, California's, Angeles, Cindy's, Los Angeles County, Temple

☆ Who leads the House now? The top Republicans who could be the next House speaker.
▼ + stars: | 2023-10-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementFor the first time in American history, House lawmakers have ejected the Speaker of the House from power. 3 House Republican and formerly led the House GOP's campaign arm. Donalds, who is not in House leadership, did not speak on the floor before the historic vote. She was catapulted into House leadership after Republicans booted then-Rep. Liz Cheney from her post as the N0. Once a more liberal Republican, Stefanik has become one of the biggest Trump supporters in the entire House Republican conference.

Persons: Kevin McCarthy, —, Matt Gaetz's, McCarthy, Tom Emmer, Steve Scalise, Elise Stefanik, Here's, Minnesota Republican Nathan Howard, Andy Biggs, Anna Moneymaker, Scalise, Byron Donalds Rep, Byron Donalds of, Michael M, Donalds, Ron DeSantis, Jim Jordan Rep, Jim Jordan, Drew Angerer, Jordan can't, Jordan, Joe Biden, Andrew Harnik, Donald Trump's, Liz Cheney, Donald Trump, Stefanik, Kevin McCarthy Kevin McCarthy Drew Angerer, he's, Gaetz, Trump, There's, Aaron Sorkin's Organizations: Service, Minnesota Republican, Getty, Republican, Politico, Caucus, Washington Post, GOP, Louisiana Republican, Congressional, Florida Republican, Florida, Gov, Ohio Republican, The Ohio Republican, New York Republican, Republicans, Trump, Capitol Locations: Minnesota, Louisiana, Byron Donalds of Florida, Ohio, Washington

☆ Loan approval: Why has it gotten so much harder?
▼ + stars: | 2023-09-22 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Magnusson said that while she used USAA for a personal loan in the past, this time, the process felt very different. Lately, it may take more than just a good credit score for many people to get approved for a loan. Deutsche Bank recently told investors that bank lending conditions look “consistent with recession levels,” even though the US is not currently in a recession. Magnusson said she was “in tears” after spending hours on the phone with USAA to secure the loan over multiple days. McBride said that although loan application rejections are up and standards are tougher, getting a loan is still possible for those with good credit.

Persons: Cheryl Magnusson, Magnusson, “, USAA, ”, Greg McBride, —, ” McBride, Nathan Howard, McBride, William Brown, Brown, we’ve, ” Brown, “ I’ve, I’ve, Darlene Johnson, ” Johnson, Scott Olson Organizations: CNN, Federal Reserve Bank of New, Consumer, Deutsche Bank, Eccles Federal Reserve, Bloomberg, Getty, Silicon Valley Bank, Signature Bank, Navy, Suncoast Credit Union, Suncoast, Mortgage Bankers Association, Federal Reserve Locations: Arizona, Washington , DC, Silicon, Florida, Hawthorn Woods , Illinois

☆ US lawmaker to urge chip industry group to reduce China investments -source
▼ + stars: | 2023-09-19 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Nathan Howard/File Photo Acquire Licensing RightsSept 19 (Reuters) - The chair of the U.S. House of Representatives' committee on China is planning to meet with a semiconductor industry group to express concerns over U.S. investments in China's chip industry, according to a source familiar with the matter. The group represents major chip firms such as Nvidia (NVDA.O) and Intel (INTC.O), whose sales to China have been affected by recent changes in U.S. export rules. The source added that Gallagher also aims to talk with the group about reducing the number of semiconductor manufacturing machines that could be sent to China. Also among the planned discussion topics is U.S. investment in Chinese chip firms, according to the source. A representative for the Semiconductor Industry Association declined to comment.

Persons: Mike Gallagher, Nathan Howard, Biden, Gallagher, Stephen Nellis, Nick Zieminski, Rosalba O'Brien Organizations: Republican U.S . Rep, U.S, Capitol, REUTERS, U.S . House, Representatives, Republican, Semiconductor Industry Association, Nvidia, Intel, Qualcomm, San, Thomson Locations: Washington , U.S, China, San Francisco

☆ How the airline boarding process became such a mess
▼ + stars: | 2023-09-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

And airlines have made it chaotic by design — so people will pay to get an easier boarding process. Decades ago, airlines used to board first class and use an open boarding process for the main cabin. A better boarding processAirlines have been experimenting with different boarding schemes to try to speed up the process. Jason Steffen, a University of Nevada, Las Vegas physics professor developed a boarding method that boards passengers in rows of two. Southwest Airlines has the fastest boarding process of any major airline by simply allowing people to claim the first available seat.

Persons: New York CNN —, Don’t, Nathan Howard, it’s, you’ve, ”, Henry Harteveldt, Robert Mann, Nicolas Economou, Harteveldt, Massoud Bazargan, Jeffrey Greenberg, ” Bazargan, Aircrafts, —, Wilma, Jason Steffen, Charlie Riedel, Steffen, “ Organizations: New, New York CNN, Atmosphere Research, Carriers, Airlines, Embry, Riddle Aeronautical University, Universal, Transportation Department, Companies, University of Nevada, Southwest Airlines Locations: New York, Daytona Beach , Florida, Las Vegas

☆ Israel president urges leaders to seize moment to end judicial crisis
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

[1/3] Israeli President Isaac Herzog meets with U.S. Vice President Kamala Harris in her ceremonial offices at the Eisenhower Executive Office Building in Washington, U.S., July 19, 2023. REUTERS/Nathan Howard/File Photo Acquire Licensing RightsJERUSALEM, Sept 5 (Reuters) - Israel's President Isaac Herzog on Tuesday urged Prime Minister Benjamin Netanyahu and his political rivals to reach a compromise that would end the judicial crisis just a week ahead of a crunch court hearing. "There are moments in such a crisis when leadership must seize the rare opportunity in order to reach out and come to an agreement. Justice Minister Yariv Levin, the driving force behind the judicial overhaul, dismissed the reports as "trial balloons", in an interview to Army Radio and said it would be wrong for the Supreme Court to intervene in the judicial legislation. The Supreme Court is set to hear a series of appeals this month by lawmakers and watchdogs that challenge some of the government's judicial measures.

Persons: Isaac Herzog, Kamala Harris, Nathan Howard, Benjamin Netanyahu, Herzog, Netanyahu, Yariv Levin, Maayan Lubell, Alison Williams Organizations: U.S, Eisenhower, REUTERS, Rights, Tuesday, Netanyahu's, Likud, Army Radio, Thomson Locations: Washington , U.S

☆ CNBC Daily Open: With such high yields, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That's called the equity risk premium, a return that's supposed to compensate stock investors for the chance that they might lose money. Another potential issue that could crop up with high Treasury yields is that it could make the Federal Reserve's job tougher. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, Tesla, Anwar Ibrahim, CNBC's Martin Soong, That's, yield's, Rupert Thompson, Cash, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Nasdaq, Japan's Nikkei, Malaysia, country's, Vehicle Global, Analysts, International Atomic Energy Agency, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC, Asia, Pacific, Shanghai, Malaysia, California, China, Tokyo

☆ CNBC Daily Open: When yields are this high, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Typically, stocks — if they do well — tend to return more than a risk-free asset, precisely because it isn't certain stocks will rise. While "the Fed can control short rates," long rates going up can introduce "significant risk" to the economy, such as the recent Fitch downgrade and quantitative tightening. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, yield's, Rupert Thompson, Cash, That's, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC

☆ Travelers say these are the best — and worst — airports in North America based on wait times for check-in, customs and more
▼ + stars: | 2023-08-12 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

Every one of the best airports in North America for wait times according to passengers is located in the U.S. The best airport in North America based on wait times: Southwest Florida International AirportThe Southwest Florida International Airport ranked No. The Portland International Airport ranked as the second best airport in North America, according to a Casago report. Nathan Howard | Getty Images News | Getty ImagesThe worst airport in North America based on wait times: Sangster International Airport in JamaicaThe Sangster International Airport is three miles east of Montego Bay, Jamaica. Daniel Slim | Afp | Getty ImagesThe 10 worst airports in North America based on wait times

Persons: Casago, Ronald Reagan Washington, Orlando Sanford, Nathan Howard, Shane Munroe, Daniel Slim Organizations: Southwest Florida International, Florida International Airport, Travel Lens, Google, Fort, Lens, Southwest Florida International Airport, Florida, Portland International, Detroit Metro, Tampa International, Northern Kentucky International, Durham International, Ronald Reagan Washington National, Nashville International, BNA, Orlando, Orlando Sanford International, Chicago Midway International, Centre for Aviation, Power, Associates, Portland International Airport, Getty, Sangster, Jamaica The Sangster, Sangster International, Jamaica Civil Aviation Authority, Jamaica Sun, Cana International, Afp Locations: U.S, North America, Delta, JetBlue, Southwest, Fort Myers, Florida, America, Cincinnati, Raleigh, Oregon, Portland, Jamaica, Montego Bay, Cana

☆ US VP Harris embraces new attack role, draws fresh Republican fire
▼ + stars: | 2023-07-29 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +4 min

FILE PHOTO: U.S. Vice President Kamala Harris meets with Israeli President Isaac Herzog (not pictured) in her ceremonial offices at the Eisenhower Executive Office Building in Washington, U.S., July 19, 2023. Biden credits Black voters for his 2020 victory, with exit polls showing he carried 87% of the vote. His campaign accused another Black Republican who criticized the changes, which include teaching that slavery had possible benefits to the enslaved, of being a Harris supporter. Voters wary of the president’s advanced age of 80 are expected to take a much harder look at the vice president. “We are running against Kamala Harris.

Persons: Kamala Harris, Florida Governor Ron DeSantis, Isaac Herzog, Nathan Howard, Harris, Joe Biden’s, reacquaint Harris, burnish, ’, Biden, Al Sharpton, it’s, DeSantis, Tim Scott, Kamala Harris that’s, Joe Biden, ”, Nikki Hailey, Roe, Wade, Bruce Thompson Organizations: BOSTON, Florida Governor, ”, Eisenhower, REUTERS, Black, National Action Network, Reuters, NBC, Republican, Black Republican, Biden, Fox News, mojo, Democratic National Committee Locations: Iowa, Chicago, Washington , U.S, Boston, United States, –, North Carolina

☆ Recession Odds Just Got Longer
▼ + stars: | 2023-07-27 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Federal Reserve Chair Jerome Powell said on Wednesday that the central bank will raise its benchmark interest rate by a quarter-percentage-point, bringing rates to the highest point in 22 years. Photo: Nathan Howard/Associated PressThe U.S. could still enter the recession that economists have been forecasting for over a year now. But as of the second quarter it hadn’t started, and it probably won’t start in the third, either.

Persons: Jerome Powell, Nathan Howard, hadn’t Organizations: Associated Press

☆ US consumer confidence jumps to highest level since July 2021
▼ + stars: | 2023-07-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —High interest rates aren’t souring Americans’ moods: A key measurement of consumer confidence just shot up to a level not seen since July 2021. The Conference Board’s monthly Consumer Confidence Index hit 117 in July, rising from 110.1 the month before, according to new data released Tuesday. The Conference Board’s confidence index and the University of Michigan’s twice-a-month consumer sentiment index are two leading gauges of consumers’ attitudes toward the current and future strength of the economy. Consumer spending, which is a key driver of US economic activity, has eased somewhat in recent months but remains resilient. The Commerce Department on Friday will release the latest data on consumer spending alongside a critical inflation gauge for the Fed.

Persons: ”, Dana Peterson, “, Nathan Howard, ” Ryan Sweet, Chris Rupkey, FwdBonds, Barbie Organizations: Minneapolis CNN —, Conference Board, Washington , D.C, Bloomberg, Getty, University of Michigan’s, Oxford Economics, ‘ Times, Commerce Department, Fed Locations: Minneapolis, Georgetown, Washington ,, Michigan, America

☆ The Supreme Court makes almost all of its decisions on the 'shadow docket.' An author argues it should worry Americans more than luxury trips.
▼ + stars: | 2023-07-07 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court 'shadow docket?' Capitol Police watch an abortion-rights rally from behind the security fence surrounding the Supreme Court on June 23, 2022. Public trust in the Supreme Court is at a historic lowNadine Seiler attends a rally for voting rights while the U.S. Supreme Court hears oral arguments in the Moore v. Harper case December 7, 2022. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.

Persons: Steve Vladeck, —, Vladeck, Sonia Sotomayor, Clarence Thomas, John Roberts, Amy Coney Barrett, Neil Gorsuch, Brett Kavanaugh, Scott Applewhite, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Anthony Kennedy, Stephen Breyer, Elena Kagan, Ketanji Brown Jackson, Joe Biden's, Chip Somodevilla, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, AP, University of Chicago, Capitol Police, Getty, Former, — Locations: United, Joe Biden's State, Texas, U.S, Moore

☆ Savers should be cheering higher interest rates. So why are they unhappy?
▼ + stars: | 2023-07-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. In Asia, the picture is less uniform: China cut its benchmark lending rate last month, adding to recent reductions in other interest rates, and Japan has kept its main interest rate negative in a bid to stimulate demand. However, rates on savings accounts there are closer to the central bank’s main rate than in other major economies. “While interest rates were ultra-low, the mortgage market was incredibly competitive, so [banks] were operating on unusually small margins between savings rates and mortgage deals… so they’re busy filling their boots,” she said. The top 100 US money market funds tracked by Crane Data are offering an average annual interest rate of 4.94%.

Persons: Nathan Howard, Jeremy Hunt, Sarah Coles, Hargreaves Lansdown, ”, Christopher Furlong, Crane, Peter Crane, they’ve Organizations: London CNN, Federal Deposit Insurance Corporation, US Federal Reserve, Bloomberg, Getty, European Central Bank, of, CNN, Getty Images Bank, Finance, Bank of England’s, HSBC, Barclays, Crane Data, Bank of England, “ Locations: Europe, United States, United Kingdom, Asia, China, Japan, South Korea

☆ Nearly all of the Supreme Court's decisions are made on the 'shadow docket.' It poses an even bigger ethical concern than luxury trips and disclosure forms.
▼ + stars: | 2023-07-06 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court "shadow docket?" The court's emergency docket is where justices make quick decisions to address emergency relief requests and other procedural matters. But the vast majority of orders that reach the emergency docket are of little interest to the general public. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.

Persons: Steve Vladeck, —, Vladeck, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, University of Chicago, Capitol Police, Getty, — Locations: Texas, U.S, Moore

☆ Baltimore mass shooting: Investigators searching for suspects in block party shooting that killed 2 and injured 28 others
▼ + stars: | 2023-07-03 | by ( Elizabeth Wolfe Melissa Alonso | Elizabeth Wolfe | Melissa Alonso | ) edition.cnn.com time to read: +5 min

CNN —Investigators in Baltimore are searching for multiple suspects in a mass shooting that launched a beloved annual neighborhood block party into chaos early Sunday, killing two people and injuring 28 others, most of whom were teens, officials said. Baltimore Mayor Brandon Scott said Sunday his office is mobilizing every available resource to assist with the investigation. Residents watch as Baltimore police investigate the site of a mass shooting in the Brooklyn Homes neighborhood on July 2, 2023. The archive, like CNN, defines a mass shooting as one in which four or more people are shot, not including the shooter. Gunfire shatters community festivityMembers of the Kingdom Life Church pray at the site of a mass shooting in the Brooklyn Homes neighborhood on July 2, 2023.

Persons: Mayor Brandon Scott, Aaliyah Gonzales, Kylis Fagbemi, Richard Worley ., Worley, –, Gonzales –, Baltimore Mayor Brandon Scott, Scott, ” “, Nathan Howard, ” Scott, Nick Mosby, ” Mosby, Yvonne Booker, she’s, I’m, I’ve, ” Booker Organizations: CNN — Investigators, Mayor, CNN, Baltimore Police Department, Police, Baltimore Mayor, Baltimore, Brooklyn Homes, Getty, Baltimore City Locations: Baltimore, Brooklyn, Worley, Maryland

☆ Inflation, the Fed and a Major Recession Indicator: 3 Things to Watch
▼ + stars: | 2023-06-12 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

E70Debt Ceiling Deadline, Housing and Business Surveys: What to Watch Lawmakers are reaching a critical point in the debt ceiling debate with the June 1 deadline approaching. Investors also get the latest reports on new and pending home sales as well as multiple reports on the health of U.S. businesses. WSJ's Dion Rabouin explains. Photo: Nathan Howard/Reuters

Persons: WSJ's Dion Rabouin, Nathan Howard Organizations: Business, Lawmakers, Investors

The Texas Legislature impeached Republican state Attorney General Ken Paxton on Saturday. Texas state Sen. Angela Paxton sits in the Senate Chamber at the Texas Capitol in Austin, Texas, on May 29, 2023. But the threshold for conviction in the Senate trial is higher, requiring a two-thirds majority of its 31 members. If that happens, Ken Paxton would be permanently barred from holding office in Texas. He had suggested before the House impeachment vote that all 31 senators would vote in the trial.

Persons: Ken Paxton, —, Paxton, Donald Trump, Sen, Angela Paxton, Eric Gay, Speaker Dade, Gov, Dan Patrick, Trump, Patrick, Nathan Howard The, Patrick wouldn't, Austin, Nate Paul, Bryan Hughes, Hughes, Paul, Republican Ken Paxton, NICHOLAS KAMM, Trump's, Republicans didn't, Matt Rinaldi, Paul . Four, US Justice Department's, Paxton's Austin, Phelan, James " Pa, Ferguson, O.P, Carrillo, ___ Bleiberg Organizations: Texas Legislature, Republican, Service, The Texas Legislature, GOP, Chamber, Texas Capitol, Senate, Speaker, AP, Getty, Republicans, Texas Senate, Texas, Washington Post, US Justice, Democratic, FBI, Legislature, Trump, Gov Locations: , Texas, Texas, Austin , Texas, Washington, Dallas

Hours later, the Democratic president said he was confident the legislation would pass both chambers of Congress to avoid a U.S. government default. Biden and McCarthy were due to speak later on Sunday to finalize the agreement, which has drawn fire from hardline Republicans and progressive Democrats. House Republicans expected on Sunday to unveil legislation to pass the deal. But McCarthy dismissed threats of opposition within his own party, saying "over 95%" of House Republicans were "overwhelmingly excited" about the deal. The deal would also impose a 1% across-the-board spending cut should Congress fail to enact 12 appropriations bills by Oct. 1.

WASHINGTON, May 27 (Reuters) - U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate. Biden and McCarthy held a 90-minute phone call earlier on Saturday evening to discuss the deal, McCarthy briefed his members later in the evening, and the White House and the House leader spoke afterward. [1/6] General view of the U.S. Capitol after U.S. House Speaker Kevin McCarthy (R-CA) reached a tentative deal with President Joe Biden to raise the United States' debt ceiling and avoid a catastrophic default, in Washington, U.S. May 27, 2023. The long standoff on raising the debt ceiling spooked financial markets, weighing on stocks and forcing the United States to pay record-high interest rates in some bond sales. The work to raise the debt ceiling is far from done.

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