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☆ The Supreme Court’s approach on ‘history and tradition’ is irking Amy Coney Barrett
▼ + stars: | 2024-06-19 | by ( Devan Cole | John Fritze | ) edition.cnn.com time to read: +10 min

Though Justice Clarence Thomas’ decision in a major trademark case last week was unanimous, it prompted a sharp debate led by Justice Amy Coney Barrett over the use of history to decide the case. “There definitely is the potential formation here of an alternative or several alternative approaches to history that ultimately draw a majority,” Wolf said. “What we could be seeing is a more nuanced approach to using that history,” said Elizabeth Wydra, president of the progressive Constitutional Accountability Center. But in a striking concurrence that captured support from both liberal and conservative justices, Justice Elena Kagan asserted that the court’s historic analysis need not end with the late-18th century. Barrett’s concurrence said the dispute could have been dealt with based on the court’s past precedent with trademark law and stressed that just leaning on the nation’s trademark history wasn’t good enough.

Persons: Clarence Thomas ’, Amy Coney Barrett, Barrett, Thomas, “, ”, Tom Wolf, Brennan, ” Wolf, Trump, Thomas ’, Antonin Scalia, Elizabeth Wydra, ” Wydra, Ilya Somin, there’s, Bruen, Sonia Sotomayor, … Bruen, –, Elena Kagan, Kagan, Brett Kavanaugh, Sotomayor –, Wolf, Roe, Wade, Vidal, . Elster, Sotomayor, ” Thomas, Kavanaugh, John Roberts, Samuel Alito, Neil Gorsuch, Ketanji Brown Jackson, Barrett’s Organizations: Washington CNN, Brennan Center for Justice, New York, Trump, George Mason University, “, Inc, CNN, Consumer Financial Protection Bureau Locations: New, Bruen, United States

☆ The influencer-marketing strategies that made brands like Adobe and Google Pixel favorites for creators from underrepresented backgrounds to work with
▼ + stars: | 2024-06-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

"Influencer marketing is so personal, it's about the creator," Jenkins said. Several industry experts, including creators, have said this is because brands routinely pay creators of color less than their white counterparts on collaborations. AdvertisementSome companies like Pandora, however, have earned reputations among creators of color for fair compensation, prompting them to develop long-term partnerships spanning years. We also give the creator creative latitude whenever we can and let them co-create the concept based on what is authentic to their experience." "We usually know going into a negotiation where it's going to start and where it's going to end up."

Persons: Inclusivity isn't, Nikki Jenkins, She's, it's, Jenkins, Brandon Shi, They've, Google's, Ava Donaldson, Nneya Richards, she's, Donaldson, We're, we're, Pandora, lowballs, Leah Walker, Walker Organizations: Service, Business, Pandora, Adobe, Google, Heritage

☆ Abortion: Trump walks fine line but allies and activists have big plans for a second term
▼ + stars: | 2024-06-14 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +16 min

“I believe he’ll be a pro-life president in the future also.”Many senior Trump administration alumni and allies are now mapping out and drafting policy options for a second Trump term. A second Trump term would also put back in place and expand restrictions on Title X grants – federal funds for public and nonprofit groups that provide family planning. Resurrecting these actions in a second Trump would almost entirely be up to the discretion of whomever he appoints to lead the relevant federal agencies. With Roe v. Wade’s protections erased, anti-abortion activists would like a second Trump administration to push harder than it did before – especially in restricting access to mifepristone. Abortion rights advocates worry he could play an outsize role shaping abortion restrictions in a potential second Trump administration.

Persons: Donald Trump’s, Ronald Reagan, ”, Roe, Wade, Dobbs, Trump, ” Trump, “, Trump –, Joe Biden’s, Kellyanne Conway, ’ ”, Mary Ziegler, Davis, Roger Severino, Trump’s, Reagan, Biden, ” Julie Lewis, Ziegler, David S, Cohen, Comstock, Skye Perryman, ” Mark Lee Dickson, Donald J, ” Dickson, “ He’s, Jonathan Mitchell, Mitchell Organizations: CNN, Trump, New, Capitol, “ Republicans, Democratic, Republican, Fox, Heritage Foundation, Biden’s, Department, University of California, Trump Health, Human Services, HHS, Food and Drug Administration, DOJ, UC Davis, Food, FDA, ” Drexel University, White, Justice Department, Democracy, Department of Justice, Cities, mifepristone, Time Locations: New York, Florida, Arizona, Mexico, Texas, America, United States, Colorado

☆ US designates Nordic neo-Nazi group as terrorists
▼ + stars: | 2024-06-14 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +4 min

CNN —The US State Department on Friday designated a Nordic neo-Nazi group and three of its top officials as terrorists. It’s the second time in history that the US has designated a foreign White supremacist organization and its leaders as terrorists. The department designated the Nordic Resistance Movement (NRM) and three of its top officials – Tor Fredrik Vejdeland, Pär Öberg, and Leif Robert Eklund – as Specially Designated Global Terrorists on Friday, according to a statement from spokesperson Matthew Miller. The Trump administration in 2020 designated the Russian Imperial Movement (RIM) and its leaders as Specially Designated Global Terrorists. NRM is a transnational neo-Nazi organization founded in Sweden in 1997, with branches in Norway, Denmark, Iceland, and Finland, according to the State Department.

Persons: – Tor Fredrik Vejdeland, Pär Öberg, Leif Robert Eklund –, Matthew Miller, Biden, Trump, ” Miller, “, ”, Harris Administration’s, —, Ian Moss, Donald Trump Organizations: CNN, US State Department, Nazi, White, Nordic Resistance Movement, Terrorists, Russian Imperial Movement, State Department, United, US Intelligence Community, Biden, Department, Bureau, Counterterrorism Locations: Sweden, Norway, Denmark, Iceland, Finland, United States, Europe, South America, Australia, Canada, New Zealand, U.S

☆ OpenAI ex-employees worry about company's control over their millions of dollars in shares
▼ + stars: | 2024-06-11 | by ( Hayden Field | ) www.cnbc.com time to read: +12 min

However, current and former OpenAI employees have been increasingly concerned about access to liquidity, according to interviews and documents shared internally. "We're incredibly sorry that we're only changing this language now," an OpenAI spokesperson told CNBC after the company changed course. In at least two tender offers, the sales limit for former employees was $2 million, compared to $10 million for current employees. In addition to current and former employees, OpenAI has a third tier for share sales that consists of ex-employees who now work at competitors. OpenAI said it's never canceled a current or former employee's vested equity or required a repurchase at $0.

Persons: Sam Altman, Jason Redmond, OpenAI, Slack, Siri, Ilya Sutskever, Jan Leike, Altman's, Sarah Friar, Larry Albukerk, Albukerk, CNBC they've, it's, Doug Brayley Organizations: Microsoft, AFP, Getty, CNBC, Apple, Federal Trade Commission, Justice Department, Nvidia, OpenAI, EB Exchange, Ropes & Gray Locations: Redmond , Washington, OpenAI, California

☆ With EVs, Honda may be North America's most committed automaker, for the moment
▼ + stars: | 2024-06-09 | by ( Kevin Williams | ) www.cnbc.com time to read: +6 min

While missing a host of brands, this year's edition of the Los Angeles Auto Show debuted a range of new models. But at least one automaker says it is ramping up its North American EV strategy in 2024: Honda Motor Company. Honda's EV moves come against the backdrop of EV pullbacks from other major auto manufacturers; and in some cases, shelved EV plans altogether. GM itself is playing a key role in the first mass-market EV Honda is introducing, the Prologue. The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California.

Persons: Josh Lefkowitz, Ford, Bob Nelson, Nelson, BEV, It's, Honda, Cliff Banks, Banks, Mary Barra, Jenni Newman, Kelley Blue, Tesla, Newman Organizations: Angeles Auto, Los Angeles Convention Center, Los Angeles Auto, Getty, Honda Motor Company, Canadian EV, pullbacks, GM, American Honda Motor Co, Honda, EVs, Banks, Auto, NBC News, EV Honda, Acura, Subaru Locations: Los Angeles , California, Canadian, Ohio, American, Canada

☆ Fast-food franchise owners and squeezed customers test the limits of the value meal economy
▼ + stars: | 2024-06-02 | by ( Kevin Williams | ) www.cnbc.com time to read: +4 min

There is a reason the value meals are only returning on a limited basis, says Shubhranshu Singh, associate professor of marketing at the Johns Hopkins Carey Business School, who has studied the economics of fast-food value meals. "They want customers to get the value meal and then buy more, the idea isn't that the consumer will buy a value meal and walk away," Singh said. "If consumers do that, selling that value meal will be such a bad idea." "How can they serve $5 value meals with that minimum wage and still make a profit? But he added, "We are not upset about the value menu, but I don't speak for those that have higher cost pressures than I do."

Persons: Shubhranshu Singh, Johns, it's, Singh, Burger, Scott Rodrick, CNBC it's, Nick Snowberger, Snowberger, McDonald's franchisee's Organizations: Johns Hopkins Carey Business School, CNBC Locations: Burger, McDonald's, California, Northern California, Montana and Wyoming

☆ Warren Buffett is worried about potential for 'huge losses' in booming, but still tiny insurance market
▼ + stars: | 2024-05-31 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

Cyber insurance has become "a very fashionable product," Jain said at the annual meeting. Shokrai says categorizing how to attribute an event is the topic of much debate between insurance companies. "That is a big debate between insurance companies; it is an important distinction that needs clarity," Shokrai said. "I will tell you that most people want to be in anything that's fashionable when they write insurance. "Probably Warren Buffet would have called cybersecurity insurance an opportunity when he was younger," he said.

Persons: Buffett, Glombicki, Gerald Glombicki, Fitch, Berkshire Hathaway, Chubb, Jain, it's, Warren Buffett, Ajit Jain, Michael Chertoff —, Mark Friedlander, Friedlander, " Friedlander, Monica Shokrai, Warren Buffet, Shokrai, isn't, Josephine Wolff, Steve Griffin, they'll, They're, Charlie, Munger, Griffin, Warren Organizations: Industry, AIG, Berkshire Hathaway's, Berkshire, Homeland Security, Insurance, Google, The Fletcher School, Tufts University, L3 Networks Locations: Fitch Rating's, Berkshire, Omaha, California, . Berkshire

☆ Blinken Hints U.S. May Allow Ukraine Greater Latitude to Strike in Russia
▼ + stars: | 2024-05-31 | by ( Edward Wong | ) www.nytimes.com time to read: +1 min

Secretary of State Antony J. Blinken left open the possibility on Friday that President Biden could allow Ukraine to use U.S.-made weapons to strike at a broader array of targets inside Russia, going beyond attacks he has approved on launch sites the Russians are using for their current assault on the Kharkiv area. “Going forward, we’ll continue to do what we’ve been doing, which is: As necessary, adapt and adjust,” Mr. Blinken said at a news conference in Prague at the end of a two-day meeting of top diplomats from member nations of the North Atlantic Treaty Organization. Mr. Blinken was responding to a reporter’s question on whether the United States might give permission for Ukraine to use U.S.-made weapons to strike deeper into Russia. American officials then said on Thursday that Mr. Biden had made that decision in recent days and told the Ukrainians, but that the permission to strike in Russia was limited to sites the Russians were using for the assault on Kharkiv. U.S. officials said the ban on Ukraine using weapons for “long range” attacks in Russia had not changed.

Persons: Antony J, Blinken, Biden, we’ll, Mr Organizations: Atlantic Treaty Organization Locations: Ukraine, Russia, Kharkiv, Prague, United States, Chisinau, Moldova, Kharkiv .

☆ Opinion: On Ukraine, Biden is taking Putin’s threats too seriously
▼ + stars: | 2024-05-30 | by ( Opinion Adam Kinzinger | Ben Hodges | ) edition.cnn.com time to read: +8 min

CNN —There seems to be a doctrine within the National Security Council in the Biden administration: escalation aversion. Ukraine requested Javelins and Stingers before the full-scale war began when Russia invaded Ukraine in February of 2022. After the battle of Kyiv was won, Ukraine requested MiG-29s, which Poland agreed to provide in exchange for Western fighters. Ukraine requested Abrams tanks and Bradley infantry fighting vehicles for trench warfare in the east. During the Cold War, nuclear threats were not uncommon, but the US didn’t keep them from advancing its foreign policy interests.

Persons: Adam Kinzinger, Kinzinger, Ben Hodges, Biden, Vladmir Putin, Putin, Let’s, Abrams, Olaf Scholz, Emmanuel Macron, Annegret Hilse, Donald Trump’s Organizations: CNN, Republican, House Foreign Affairs, Air National Guard, US Army Europe, US Army, National Security Council, Ukraine, MiG, Western, Patriot, HIMARS, Bradley, ATACMS, NATO, Kyiv, Twitter, Facebook Ukraine Locations: Illinois, Ukraine, France, Germany, Russian, Russia, Kyiv, Poland, West, Vietnam, Afghanistan

☆ Biden’s EPA is trying to take a huge bite out of the climate crisis. But can it survive Trump’s Supreme Court?
▼ + stars: | 2024-05-22 | by ( Ella Nilsen | ) edition.cnn.com time to read: +10 min

Bottom row, from left, Associate Justice Sonia Sotomayor, Associate Justice Clarence Thomas, Chief Justice of the United States John Roberts, Associate Justice Samuel Alito, and Associate Justice Elena Kagan. Top row, from left, Associate Justice Amy Coney Barrett, Associate Justice Neil Gorsuch, Associate Justice Brett Kavanaugh, and Associate Justice Ketanji Brown Jackson. And environmental attorneys are intrigued by Barrett, who has had some tough questions for EPA’s challengers during recent Supreme Court arguments. The Supreme Court ruled in 2007 that the EPA can use its authority to regulate greenhouse gases. That gives the agency the recent Congressional direction the Supreme Court has said it so badly needs, some experts said.

Persons: Joe Biden’s, Richard Lazarus, “, Michael Regan, ” “, ” Regan, Regan’s, ” Lazarus, Samuel Alito, Clarence Thomas, Neil Gorsuch, Gorsuch, Alito, ” David Doniger, “ Alito –, ”, Reagan, Anne Gorsuch, Sonia Sotomayor, John Roberts, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh, Ketanji Brown Jackson, J, Scott Applewhite, Amy Coney Barrett –, Roberts, Barrett, Kavanaugh, Sackett, “ He’s, he’s, doesn’t, Ann Carlson, ” Carlson, ” Doniger Organizations: CNN, Joe Biden’s Environmental Protection Agency, Harvard Law, EPA, Republican, Natural Resources Defense Council, Chevron, DC, Appeals, DC Circuit, University of California, Biden, Congress Locations: China, United, Virginia, University of California Los Angeles, West Virginia, Congress

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

☆ ‘Bridgerton’ review: The Netflix show whistles down a new road to romance with Penelope and Colin
▼ + stars: | 2024-05-16 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Fortunately, the third round (after a “Queen Charlotte” detour) has the highly sympathetic Penelope Featherington (Nicola Coughlan) at its core, adding some additional sweetness to the formula. For the uninitiated, poor Penelope has spent two seasons secretly moonlighting as the acid-tongued gossip Lady Whistledown (still voiced by Julie Andrews, because, well, Julie Andrews! (There’s a praying mantis quality to Bridgertons, since while mating doesn’t lead to death, they do tend to lose their heads and then mostly disappear.) Give some credit to the casting and, more pragmatically, the strength of Netflix as a platform relative to the more rarefied homes for such fare. “Bridgerton” begins its third season May 16 on Netflix, with the second half to premiere on June 13.

Persons: you’ve, Charlotte ”, Penelope Featherington, Nicola Coughlan, Penelope, moonlighting, Whistledown, Julie Andrews, Colin, Luke Newton, Jane Austen, Francesca, Hannah Dodd, Violet, Ruth Gemmell, “ Bridgerton, Shonda Rhimes, Bridgerton ” Organizations: CNN, Netflix

☆ Did dinosaur blood run hot or cold? Both, according to a new study
▼ + stars: | 2024-05-15 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —Were dinosaurs warm-blooded like birds and mammals or cold-blooded like reptiles? Clues from dinosaur eggshells and bones have suggested that some dinosaurs were warm-blooded and others were not. These dinosaurs may have evolved endothermy, or the ability to internally generate body heat, according to the study. “Warm-blooded animals are generally more active, for example, cold-blooded animals usually don’t build nests,” said lead study author Dr. Alfio Alessandro Chiarenza, Royal Society Newton International Fellow at University College London’s department of Earth sciences. Her 2022 study suggested that ornithischians were more likely cold-blooded and sauropods were warm-blooded.

Persons: Big John, Sarah Meyssonnier, ornithischians, ”, Alfio Alessandro Chiarenza, Brontosaurus, ” Chiarenza, “, Jasmina, ” Wiemann, Chiarenza, Anthony Fiorillo, ” Fiorillo, wasn’t Organizations: CNN, Royal Society Newton International, University College London’s, Field, UCL, Universidade de, New, New Mexico Museum, Southern Methodist University Locations: Paris, Chicago, Spain, New Mexico, Dallas

☆ I traveled beyond the Arctic Circle to see the Northern Lights. Here are 4 things to know before you go.
▼ + stars: | 2024-05-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Read previewIn February, I finally checked off one of my top bucket list items — seeing the aurora borealis, better known as the northern lights. I journeyed all the way to Finland's northernmost municipality, Utsjoki, about 280 miles north of the Arctic Circle. Location, location, locationWhile recent environmental phenomena have made the northern lights visible in places as far south as England and Denmark, the aurora borealis are best viewed within the Article Circle. AdvertisementThe vibrant colors that appear in photos are not what humans seeNot every color of the northern auroras is visible to the naked eye. "The lights are there, but if it is super cloudy — we can't, of course, see them," Tiina told me.

Persons: —, Tiina, Taylor Rains, Tiina Salonen, Utsjoki, it's, Nature Organizations: Service, Business, Finnair, Disney Locations: Utsjoki, New York, Ivalo, Finland, Helsinki, Lapland, Aurora, Norway, —, England, Denmark, Fairbanks , Alaska, Tromsø, Territories, Sweden, Ilulissat, Greenland, Antarctica, Kathmandu

☆ I saw the northern lights during the historic solar storm. I was surprised by how misleading the photos are.
▼ + stars: | 2024-05-13 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Read previewI saw the northern lights glowing in the California skies last weekend — but just barely. Over the weekend, this solar activity brought the northern lights south, as far as Arkansas, and gave us a rare chance to see it in California. That's when we knew we were seeing the northern lights. My first solid glimpse of the northern lights came through my iPhone camera. AdvertisementWhy photos make the northern lights look more colorful than they areThe skies looked fully pink in my photos.

Persons: —, Morgan McFall, Johnsen, San Francisco —, Dan Bartlett, Maria Walach, auroras, Bartlett, I'm Organizations: Service, Business, Mount, State Park, Lancaster University Locations: California, Arkansas, San Francisco, Lake , California, Yosemite

☆ Critical days of Trump trial will test whether he can exercise discipline and restraint
▼ + stars: | 2024-05-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +7 min

Her evidence on Tuesday was deeply embarrassing for Trump and drew an aggressive cross-examination from his attorney trying to shatter Daniels’ credibility. Merchan also instructed Trump’s attorney, Todd Blanche, to rein in his client after complaining that the defendant had cursed audibly and shaken his head during Daniels’ testimony. So far, Trump — who has launched searing attacks on the judge — has managed to refrain from openly attacking Daniels since she took the stand. And her appearance is only an appetizer for expected explosive evidence in the coming days of the biggest star witness, Trump’s former lawyer and fixer Michael Cohen. The coming days will therefore require qualities that Trump has always struggled to demonstrate in a riotous life in business and politics: restraint and self-discipline.

Persons: Donald Trump, Stormy Daniels, Trump, Daniels, Judge Juan Merchan, Merchan, Todd Blanche, —, Michael Cohen, Cohen, he’d, ” Daniels, Sarah Matthews, CNN’s Jim Acosta, “, He’s, ” Matthews, Matthews, ” Trump, he’s, Arthur Engoron, Engoron, Trump’s, Jean Carroll Organizations: CNN, Trump, Trump —, White, Trump White House, Prosecutors, Trump Organization Locations: Florida, Lake Tahoe, misbehave

☆ Judge’s warning provides dilemma for Trump over whether he will risk jail for a political point
▼ + stars: | 2024-05-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

His warning also presented the former president – who has weaponized his four criminal indictments into a narrative of political martyrdom – with his own dilemma. Elie Honig, a CNN senior legal expert, said that he still believed it was unlikely Trump would end up jailed for contempt of court. He told Trump: “You are the former president of the United States and possibly the next president, as well. There are many possible reasons why voters may not be moved by this first trial of a former president. On Monday for example, prosecutors took former Trump employees through complicated financial transactions to lay a paper trail for future testimony from higher-profile witnesses.

Persons: Donald Trump, Juan Merchan, Merchan, Trump, wasn’t, ”, ” Merchan, –, “, Elie Honig, Michael Cohen, Stormy Daniels, Jack O’Donnell, CNN’s Erin Burnett, O’Donnell, Merchan’s, you’ll, ” Trump, it’s, Daniels, Joe Biden, he’s Organizations: CNN, Trump, GOP, Trump Plaza Hotel, White Locations: United States, Casino, Atlanta, Georgia, Manhattan

☆ Fund manager says there is no economic rationale for Fed interest rate cuts
▼ + stars: | 2024-05-01 | 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 EmailFund manager says there is no economic rationale for Fed interest rate cutsLatitude Investment Management’s Freddie Lait said he believes there is no economic rationale for the Federal Reserve to cut interest rates.

Persons: Freddie Lait Organizations: Email, Federal Reserve

☆ The Fed would only cut rates to help the U.S. service its soaring debt, fund manager says
▼ + stars: | 2024-05-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The only reason the Federal Reserve might be tempted to cut rates would be to help the U.S. cover interest payments for the national debt, according to fund manager Freddie Lait. The Fed is widely expected to keep its benchmark overnight borrowing rate in a range between 5.25%-5.5%. Traders are currently only pricing in about a 50% chance of a Fed rate cut taking place as early as September and expect just one quarter-percentage-point reduction by the end of the year, according to the CME FedWatch Tool. The reason they might cut is because the U.S. government can't afford [them not doing] it — and that's a much scarier reason to have to cut," he added. A spokesperson for the Federal Reserve declined to comment.

Persons: Freddie Lait, Lait Organizations: Federal Reserve, Federal, U.S, Traders Locations: U.S

☆ Yen clings to sharp gains after suspected intervention, Fed in focus
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: +3 min

The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that traders said were sparked by suspected intervention by Japanese authorities. "There is clearly a possibility that the sharp and sudden lifts in the JPY were sparked by intervention. Official figures that would reveal whether intervention did in fact occur won't be available until late May. The Japanese currency still sits lower than it was before the Bank of Japan's policy announcement last week. The Fed is expected to strike a hawkish message, meaning more yen selling is likely, CBA's Kong said.

Persons: haven't, Masato Kanda, Carol Kong, bode, CBA's Kong, pare, Sterling, bitcoin Organizations: Federal, Commonwealth Bank of Australia, Trading, Markets, Bank of, Fed, Traders, European Central Bank Locations: Buenos Aires, Argentina, Tokyo, Asia, Japan, U.S, Bank of England

☆ Net neutrality is back as FCC votes to regulate internet providers
▼ + stars: | 2024-04-25 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

The net neutrality regulations adopted Thursday by the Federal Communications Commission prohibit providers such as AT&T, Comcast and Verizon from selectively speeding up, slowing down or blocking users’ internet traffic. And for the first time, the FCC said it would step in to override state or local policies that conflict with the federal net neutrality rule. “The Title II authority will ensure that broadband providers are properly overseen by the FCC like all telecommunications services should be. “These 400-plus pages of relentless regulation are proof positive that old orthodoxies die hard,” said Jonathan Spalter, CEO of USTelecom, a trade association representing internet providers. As a result, the outcome of a legal challenge to the FCC’s net neutrality rules could have potentially broad ramifications for other US regulatory bodies, not just the FCC.

Persons: Trump, Jessica Rosenworcel, Rosenworcel, ” Rosenworcel, ”, Justin Brookman, Biden, Jonathan Spalter, Brendan Carr Organizations: Washington CNN, Federal Communications Commission, Comcast, Verizon, Democratic, FCC, “, Consumer, Trump, Republican, Communications Locations: unwound, Washington, America

☆ Trump can’t be in two places at once in double courtroom drama
▼ + stars: | 2024-04-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

But Donald Trump’s return to his hush money trial Thursday does not even represent the most critical courtroom drama of his day. The ex-president’s attention is certain to stray from what he has repeatedly complained is a “freezing” court in New York to the neoclassical splendor of the US Supreme Court. Trump blames Judge Juan Merchan for dashing his hopes of being at the Supreme Court Thursday. Trump’s Supreme Court gambit is also part of his wider campaign strategy. CNN reporters in the courtroom said Trump was deeply engaged at times during Pecker’s earlier testimony.

Persons: Donald Trump’s, Trump, —, David Pecker, Juan Merchan, ”, Joe Biden, he’s, Boris Epshteyn, Mark Meadows, Rudy Giuliani, Giuliani, Merchan, quagmire, Michael Cohen, Cohen, “ Michael Cohen, ” Trump, WPVI, David Pecker –, Pecker, Karen McDougal – Organizations: CNN, US, Republican, Law, The New, Fox News Digital, Trump, Trump voters, Trump’s, White House, Prosecutors, American Media, National Enquirer, Pecker’s AMI Locations: New York, Washington, Manhattan, The New York, Arizona, Michigan, WPVI Philadelphia

☆ 3 reasons companies are investing in AI-powered PCs
▼ + stars: | 2024-04-18 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Organizations and individuals who delay investing in the latest AI PCs risk falling behind in an increasingly competitive landscape where technological advancements are essential for staying innovative, collaborative, and secure. These AI PCs possess the ability to anticipate and comprehend user requirements, resulting in a highly personalized and responsive interaction. The new Latitude AI PCs can deliver up to 38% less power when running AI-enhanced collaboration features like Zoom.22. Content creators can save time by generating images 1.7 times faster with StabilityAI on their Dell AI PCs or Dell AI workstations with new Intel processors.33. Knowledge workers can optimize their Dell AI PCs by utilizing just 1% of CPU usage, effectively detecting malware with Crowdstrike4.

Persons: cyberattacks, Dell, Read, Forrester Organizations: Forrester, Processing, Dell, Intel, Dell Optimizer, Dell Technologies, Insider Studios, Forrester Consulting, Services Locations: NPU, Argentina, Chile, China, Colombia, Costa Rica, Guatemala, Hong Kong, Korea, Malaysia, Russia, South Africa, Taiwan, Ukraine, Venezuela, Vietnam, Thailand, Philippines

☆ Netflix’s New Film Strategy: More About the Audience, Less About Auteurs
▼ + stars: | 2024-04-14 | by ( Nicole Sperling | ) www.nytimes.com time to read: +1 min

Back in, say, 2019, if a filmmaker signed a deal with Netflix, it meant that he or she would be well paid and receive complete creative freedom. Dan Lin arrived as Netflix’s new film chief on April 1, and he has already started making changes. He laid off around 15 people in the creative film executive group, including one vice president and two directors. (Netflix’s entire film department is around 150 people.) He will also be changing the formulas for how talent is paid, meaning no more enormous upfront deals.

Persons: Dan Lin, Ryan Gosling, Chris Evans, Ryan Reynolds, Gal Gadot, Dwayne Johnson, Rather Organizations: Netflix

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