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☆ The US economy is so strong that there might not be any rate cuts in 2024
▼ + stars: | 2024-03-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Now, some economists think the Fed won’t cut interest rates at all this year. “The Fed will not cut rates this year and rates are going to stay higher for longer,” he added. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. In some ways, the expectations of interest rate cuts by the Fed undermined their efforts to actually cut the rates. Still, about half of investors are expecting an interest rate cut at the Fed’s June meeting, according to the CME FedWatch tool.

Persons: —, that’s, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, ” Robert Frick, ”, Powell Organizations: New, New York CNN, Federal, Apollo Global Management, Richmond Federal, CNBC, Navy Federal Credit Union, CNN, Fed, National Federation of Independent, Investors, Financial Services, Senate Locations: New York, Richmond

☆ Inflation is cooling, but small businesses in the U.S. say customers just aren’t spending like they used to
▼ + stars: | 2024-02-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

While cooling inflation and a robust GDP reading that smashed economists’ expectations are reasons to be optimistic about the US economy, one key economic engine seems to still be sputtering: small businesses. Small business owners say they’re still grappling with the hangover effects of inflation and a labor shortage, according to the National Federation of Independent Business’s most recent monthly survey, which was conducted in January. Dougherty said small businesses may be delayed in feeling the effect of easing inflation, but once businesses experience more prolonged stable prices, that may help their sentiment turn around. A recent survey of American Express small business customers indicated that some small business owners see strength in 2024. Half of the 557 US small businesses surveyed said they plan to grow or expand their businesses in the upcoming year.

Persons: Kevin Meehan, , he’s, ” Meehan, “, hasn’t, Kevin Meehan RJacobsonPhoto, we’d, that’s, Everything’s, ”, Charles Dougherty, Sarah Cash, Cash, Sarah Cash Elise Kutt, “ I’ve, ” Cash, it’s, they’re, doesn’t, Sunny, Dougherty, Meehan, I’m Organizations: CNN, Kali, National Federation of Independent, “, US Chamber of Commerce, American Express, Valentine’s Locations: Los Angeles, Wells Fargo, United States, Grand Rapids , Michigan

LONDON (AP) — The Associated Press won the best documentary prize at the British Academy Film Awards for Ukraine war documentary “20 Days in Mariupol,” produced with PBS’ “Frontline.”Filmmaker Mstyslav Chernov admitted the accolade made him feel conflicted. It’s a huge responsibility,” the Ukrainian journalist said after winning the trophy Sunday at London’s Royal Festival Hall. Chernov arrived in Mariupol one hour before Russia began its bombardment, along with photographer Evgeniy Maloletka and field producer Vasilisa Stepanenko. It is nominated in the best documentary category at the March 10 Academy Awards, the first-ever Oscar nomination for the 178-year-old AP. “Cities get occupied and destroyed and our work represents what is happening to Ukraine now,” Chernov said.

Persons: ”, Mstyslav Chernov, “, It’s, ” Chernov, Chernov, Evgeniy Maloletka, Vasilisa Stepanenko, — unflinchingly, Stepanenko, Lori Hinnant, let’s, Derl McCrudden Organizations: Associated Press, British Academy, Ukraine, PBS, London’s Royal, Hall, AP, Russia, Hamas, International Federation of Journalists Locations: Mariupol, Ukrainian, Ukraine, Russia, Avdiivka, Israel

The housing market began 2024 in the doldrums as housing starts and permits for new construction both fell, the Census Bureau reported on Friday. Starts fell 14.8%, way more than the flat reading expected by economists. “High mortgage rates, with maybe a dash of cold weather, caused starts and permits to fall from December. The optimism is a turnaround from August 2023, when 80% of small businesses surveyed said their long-term financial confidence was being negatively affected by the economy. Some 50% of small business owners said they were planning to expand in 2024.

Persons: didn’t, ”, Robert Frick, Lisa Sturtevant, Ksenia Potapov, “, they’re, Bill Dunkelberg Organizations: Census, Navy Federal Credit Union, MLS, “, National Federation of Independent Business, American Express Locations: American

☆ Small business sentiment dropped by most in 13 months in January as inflation, labor costs bite
▼ + stars: | 2024-02-13 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Small business owners' confidence level dropped in January, the National Federation of Independent Business said. AdvertisementSmall business sentiment logged the biggest drop in 13 months in January as business owners say inflation and high labor costs are creating headwinds. On top of that, small business owners anticipating increased sales in the next three months declined to -16% from -4% the prior month. "In January, optimism among small business owners dropped as inflation remains a key obstacle on Main Street." "The weaker small business optimism print seems at odds with a notable increase in consumer confidence during January," Wells Fargo said in a note.

Persons: —, NFIB, they're, Bill Dunkelberg, Wells Fargo Organizations: National Federation of Independent Business, Service, Federal Reserve, Fed

☆ Small business optimism dips in January
▼ + stars: | 2024-02-13 | by ( Kate Rogers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall business optimism dips in JanuaryCNBC’s Kate Rogers on small business sentiment falling in January as owners continue to struggle with inflation and labor quality, per the National Federation of Independent Business.

Persons: Kate Rogers Organizations: National Federation of Independent Business

☆ Here are 3 ways the labor market is showing concerning deterioration underneath strong headline numbers — meaning a recession and stock-market sell-off could sneak up on investors
▼ + stars: | 2024-02-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Read previewThe labor market smashed expectations in January, adding 353,000 new jobs, far above economist forecasts of 187,000. Despite the strong headline number, however, there are signs that the job market is deteriorating beneath the surface. For one, the Bureau of Labor Statistics' household survey is showing some divergence from its payroll survey. "High labor and credit costs are beginning to materially impact corporate profits, which impacts both the labor market and (eventually) the default rate." Still, while there are signs of weakening, there are also signs of improvement in the labor market.

Persons: —, Jeff Schulze, today's, Shulze, Louis Fed, Lance Roberts, Ian Shepherdson, Lauren Goodwin Organizations: Service, Federal Reserve, Business, of Labor Statistics, BLS, of Labor, ClearBridge Investments, RIA Advisors, National Federation of Independent Business, Pantheon, Bank of America's Global, New York Life Investments, ClearBridge

At the center of that growth are newer genres of Afrobeats — the renowned blend of distinct West African music styles — and amapiano, which fuses South African kwaito with African jazz, house music and soulful vocals. The 2022 track became the first led by an African artist to hit 1 billion Spotify streams and has the record for the most weeks — 64 — spent on Billboard’s Pop Airplay chart. And some tracks meld the genres under the African music umbrella. That reach is particularly interesting considering that African music is produced for its people, embodying all aspects of their lives from their culture and experiences to their struggles, LeriQ says. The continent leads mobile device web traffic in the world, according to the U.S. International Trade Administration, translating to more market opportunities for artists.

Persons: ”, Burna Boy’s, Rema’s, Selena Gomez, —, Joey Akan, ‘, Burna, ’, Musa Keys, Boy, Istanbul's, Rema, Davido, Tina Davis, Olamide's, Angélique Kidjo, LeriQ, Nay, Mitego, Chika Anene, gatekeepers, Eric Wainaina, G’bemi Ereku, Nigeria —, Jhello, ” ___ Mureithi, Maria Sherman Organizations: FIFA, International Federation of, Phonographic Industry's, Spotify, Afrobeats Intelligence, UEFA Champions League, Pew Research, U.S . International Trade Administration, United, Afro Nation, AP Locations: ABUJA, Nigeria, Nigerian, Saharan Africa, African, South Africa, Africa, Tanzania, Abuja, Kenyan, Lagos, United States, Statista, Nairobi, Kenya, Johannesburg, Los Angeles

☆ French Farmers’ Unions Urge End to Roadblocks Amid Government Proposals
▼ + stars: | 2024-02-01 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

France’s main farmer’s unions called on Thursday for an end to roadblocks across the country after expressing cautious satisfaction with a flurry of new government announcements to appease them, in the first sign of a possible reprieve after more than a week of protests disrupted traffic nationwide. It was not immediately clear whether the approximately 10,000 farmers at the 100 or so barricades would heed the union leaders’ call and go home after days of blocking key roads with tractors and bales of hay, including in Paris, to express a wide range of deeply rooted grievances. The unions said that they would monitor closely the government’s promises of new financial aid and a loosening of regulations in the run-up to a major farming trade fair scheduled for this month in Paris. “The action is not ending,” Arnaud Rousseau, president of the National Federation of Farmers’ Unions (the FNSEA), France’s largest and most powerful farmers’ union, said at a news conference in Paris. “It is transforming.”

Persons: ’, “, ” Arnaud Rousseau, ” Organizations: National Federation of Farmers ’ Unions Locations: Paris, “

☆ Main Street is more optimistic this year even as inflation persists, survey says
▼ + stars: | 2024-02-01 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

Seventy-five percent of small business owners are optimistic about their financial trajectory in 2024, up from 68% a year earlier, according to a survey by Goldman Sachs 10,000 Small Business Voices, a policy advocate for small business owners. More than half of small business owners surveyed said they expect to create jobs this year, and 62% reported they anticipate profits will increase. The survey was conducted nationally in mid-January among more than 1,400 small business owners. Interestingly, small business owners found 2023 nearly as hard as 2020 — the peak of the pandemic and a time when many companies could not operate. Inflation is still a major concern for business owners, even as the rate of price increases falls.

Persons: Joe Biden, Alex Wong, Goldman Sachs, Joe Wall, Jill Bommarito, they've, Wall Organizations: White, National, Getty, CNBC, Baking Company, Foods, Target, Costco, headwinds, Small, National Federation of Independent Business, Federal Reserve Locations: Washington , DC, Detroit

☆ American consumers won't save the economy in 2024 and their wild holiday spending spree was a 'last hurrah', Wells Fargo says
▼ + stars: | 2024-01-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmerican consumers won't be able to prop up the US economy forever, and their wild spending spree over the holiday season was likely a "last hurrah," according to Wells Fargo. The job market also looks poised to keep softening, especially if the Fed chooses to keep interest rates higher-for-longer. "We do not believe that good holiday sales mean the spending strength will continue into and through the middle of this year." Strong consumer spending is believed to have propped up growth for much of 2023 as the Fed aggressively raised interest rates to control inflation.

Persons: —, Wells, Scott Wren, Macquarie Organizations: Service, Business, Retail, National Federation of Independent Business, Philadelphia Fed, Wells Fargo, Wall, Fed Locations: Wells Fargo

NEW YORK (AP) — “20 Days in Mariupol,” Mstyslav Chernov’s harrowing chronicle of the besieged Ukrainian city and the international journalists who remained there after Russia's invasion, has been nominated for best documentary at the Academy Awards, handing The Associated Press its first Oscar nomination in the 178-year-old news organization’s history. The film, a co-production between the AP and PBS’ “Frontline,” was shot during the first three weeks of the war in Ukraine, in early 2022. Chernov, a Ukrainian journalist and filmmaker, arrived in Mariupol one hour before Russia began bombarding the port city. In “20 Days in Mariupol,” Chernov, Maloletka and Stepanenko are challenged not just by the artillery shells falling around them but by the Russian blockade of the city. Water, food supplies and, critically, the internet were cut from Mariupol days into the invasion.

Persons: —, ”, Evgeniy Maloletka, Vasilisa Stepanenko, — unflinchingly, Oscar, Alexei Navalny Organizations: Academy, Associated Press, AP, PBS, Russia, Hamas, International Federation of Journalists, CNN Films, New York Times, Yorker Locations: Mariupol, Ukrainian, Ukraine, Israel, Russian, Water, ”

☆ The biggest risks US businesses face in 2024
▼ + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.

Persons: there’s, “, John Maynard Keynes, ”, ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan

☆ A famed economist who called the 2008 recession warns stocks look 'eerily similar' to how they did before their 25% drop in 2022 — and says the US economy is still heading for a downturn
▼ + stars: | 2024-01-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He is the founder of Rosenberg Research and the former chief economist at Merrill Lynch — and he called the 2008 recession. Rosenberg ResearchRosenberg's model takes into account stock valuations, investor sentiment, market technicals, investor positioning, and macro fundamentals. Here's The Conference Board's Leading Economic Index, which bundles together manufacturing data, bond and stock market performance, housing market activity, and consumer sentiment data. The economy doesn't jump from a tight labor market to layoffs," Rosenberg said in a note on Friday. Labor market and inflation data in the months ahead will tell the story for the US economy.

Persons: David Rosenberg, Merrill Lynch —, Rosenberg, It's, —, Louis, GMO's Jeremy Grantham, Societe Generale's Albert Edwards Organizations: Rosenberg Research, Business, Research, Federal Reserve Bank of St, CNN, National Federation of Independent Businesses, Rosenberg, Societe Generale's, Federal, Labor, CPI

☆ French police arrest yoga guru in connection with alleged rape, human trafficking and kidnapping scheme
▼ + stars: | 2023-12-03 | by ( Sophie Tanno | Maya Szaniecki | ) edition.cnn.com time to read: +5 min

Paris CNN —French police this week arrested yoga guru Gregorian Bivolaru and 41 others on accusations of kidnap, rape and human trafficking. Alleged victims were drawn in with promises of a spiritual awakening, only to be indoctrinated and mentally manipulated into sexual relations with 71-year-old Bivolaru, a judicial source said. Then, the alleged victims said they would be mentally manipulated into accepting “sexual relations designed to suppress any notion of consent regarding sexual relations,” the judicial source said. The judicial source said the alleged victims were told that consent was a reflection of the ego preventing them from reaching a state of spiritual awakening. Twenty-six alleged victims were found living in cramped and unhygienic conditions, the judicial source said.

Persons: Gregorian, Bivolaru –, Bivolaru, MISA, ”, –, “, ’, ” MISA, Interpol’s ‘, Maya Szaniecki, Sophie Tanno Organizations: Paris CNN —, Interpol, for, International Federation of Yoga, CNN, Atman Federation, MISA Yoga, AFP, Rights League –, Central Office, OCRVP, Bivolaru Locations: Paris, France, Romania, French, Europe, North America, South America, Asia, Finland, London

[1/2] Members of the International Federation of Medical Students Associations hold placards during a protest demanding an end to fossil fuels at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 3, 2023. Climate-related impacts "have become one of the greatest threats to human health in the 21st century", COP28 President Sultan Ahmed Al-Jaber said in a statement. The World Bank on Sunday launched a new Climate and Health program to explore possible interventions and public health solutions for developing countries. "We have new tools at the lab level that decimate mosquito populations," said Gates, whose foundation supports public health research and projects for the developing world. Former U.S. Secretary of State Hillary Clinton also spoke on Sunday at COP28, urging reform to the world's insurance system as another key requirement to keep people safe.

Persons: Amr Alfiky, Sultan Ahmed Al, Jaber, COP28, Joseph Vipond, Storm Daniel, Bill Gates, Gates, Hillary Clinton, Clinton, Gloria Dickie, Elizabeth Piper, Alexander Cornwell, Simon Jessop, Kate Abnett, William James, Katy Daigle, Jan Harvey Organizations: International Federation of Medical, United Arab Emirates, REUTERS, Rights, Physicians, World Health Organization, Bank, Sunday, Health, World Bank, Microsoft, Former U.S, Reuters, Thomson Locations: Dubai, United Arab, Alberta, Canada, Western, Libya, Pakistan, COP28

Maybe I won’t set up that factory. These companies — the small, private enterprises that are responsible for roughly half the private-sector employment in the country — are already having to pay much more for debt. They fund their operations using cash from sales, business credit cards and private loans — all of which are generally more expensive options for financing payrolls and operations. Now, they’re paying 10 percent interest on short-term loans. Hiring within these firms has slowed, and their credit card balances are higher than they were before the pandemic, even as spending has slowed.

Persons: Ms, Sheth Organizations: National Federation of Independent Business, Bank of America Locations: ”

Back in June 2022, big banks approved 15.4% of small business loan applications. All those factors have added up to a grim environment if you’re a small business seeking a loan. Without two years of tax returns, however, she didn’t qualify for many small business loans. Online lenders were quick to offer their services, but the terms were too strict, requiring weekly repayments or interest rates up to 40%. “For a small business that is not only intimidating, it’s almost impossible," she said.

Persons: Banks, Cheyenne Smith, Smith, ”, Shantell Chambliss, Chambliss, “, she’s, Nate Hodge, He’s, Hodge, “ It’s, ” Jen Rose, Rose Organizations: Federal Reserve, National Federation of Independent Business, Bee, Comerica Bank, Comerica Locations: Salt Lake City , Utah, Dakota, Richmond , Va, Capital, Dallas , Texas

GENEVA (AP) — International aid groups say they are ready to deliver thousands of truckloads of food, water and other supplies to besieged Gaza if a temporary cease-fire in the Israel-Hamas war takes hold as hoped on Thursday. Della Longa lamented bottlenecks he said have confounded the delivery of already insuffient aid into Gaza. The only route for international humanitarian aid into Gaza since the start of the war has been through the Rafah crossing between Egypt and Gaza. Some aid groups say they wouldn’t be able to get enough fuel into Gaza over the four days to distribute aid to the hard-to-reach north. “And very ineffective Band-Aids.”Uncertainty is also looming over possible arrangements for contacting Israeli hostages in Gaza.

Persons: ”, Tommaso Della Longa, Israel, Della Longa, Joel Weiler, “, doesn’t, Jan Egeland, Shani Sasson of COGAT, “ It’s, Jason Lee, Mirjana Spoljaric, ’, Ismail Haniyeh, ___ DeBre, Melanie Lidman, Jon Gambrell Organizations: GENEVA, —, Aid, International Federation of Red, Red Crescent Societies, Norwegian Refugee Council, Red Crescent, International Committee, Red Cross, ICRC, Monday, Associated Press Locations: Gaza, Israel, Egypt, Egyptian, El, Arish, Paris, Rafah, Nitzana, Della, Red, “, Palestinian, Geneva, Qatar's, Qatar, United States, Jerusalem, Tel Aviv, Dubai, United Arab Emirates

HARARE, Zimbabwe (AP) — These days, Catherine Mangosho locks her 3-year-old grandson in the house for hours on end in an attempt to shield him from a deadly cholera outbreak in Zimbabwe. The virulent bacterial disease is killing the young and the old in the southern African country, with health authorities reporting more than 150 suspected deaths and over 8,000 suspected cases since February. Since the start of the latest outbreak, Zimbabwe's Health Ministry has recorded 8,087 suspected cholera cases and 1,241 laboratory confirmed cases. It said there have been 152 suspected cholera deaths and 51 laboratory confirmed deaths. The World Health Organization has said that cholera cases in Africa are rising exponentially amid a global surge.

Persons: Catherine Mangosho, Cholera, ”, “, Douglas Mombeshora, Nyachuru Organizations: Health, International Federation of Red, Red Crescent Societies, World Health, WHO, Red Cross Federation, Community Water Alliance, AP Locations: HARARE, Zimbabwe, Harare, Africa, Kuwadzana, Glen View, Zimbabwe's, africa

☆ The Fed is terrified Americans could get used to high inflation. It may already be happening.
▼ + stars: | 2023-11-12 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials don’t expect inflation to reach 2% until 2026, according to their latest economic projections released in September. If there’s one thing that would make the Fed quake in its boots, it would be worsening inflation expectations. The keyword there is “timely.”Sticky inflation could possibly “un-anchor” inflation expectations or elicit a consistent deterioration in Americans’ perception on inflation. “The Fed really just wants people to not expect inflation will run at 4% forever.”So what’s kept inflation expectations in check this long? For individuals and married people filing separately, the new federal standard deduction will increase to $14,600, up from $13,850 this year.

Persons: we’ve, Raphael Bostic, “, ” Luke Tilley, ”, Jerome Powell, presser, Powell, Michelle Bowman, Tilley, ” Drew Matus, what’s, Matus, “ They’re, Jeanne Sahadi, Lisa Cook, Phillip Jefferson, Michael Barr, Loretta Mester, Austan Goolsbee, John Williams, Christopher Waller, Mary Daly Organizations: DC CNN, Federal Reserve, Fed, University of Michigan’s, Atlanta Fed, Bloomberg, Investment Advisors, CNN, ”, New York Bankers Association, New York Fed, MetLife Investment Management, IRS, Tyson Foods, Depot, US Labor Department, National Federation of Independent Business, China’s National Bureau of Statistics, Target, National Statistics, US Commerce Department, Walmart, National Association of Home Builders, San Francisco Fed Locations: Washington, Wilmington, Palm Beach , Florida

[1/6] A satellite image shows Al-Shifa hospital, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza November 7, 2023. Israel says it is homing in on Palestinian Hamas militants who launched deadly attacks in southern Israel on Oct. 7, and says the group has command centers under and near the hospitals. "Tragically, the number of patient fatalities has increased significantly," he said in a post on X, formerly known as Twitter, adding that Shifa was "not functioning as a hospital anymore." The Israeli military response has also prompted anger, with hundreds of thousands protesting in capitals around the world demanding a ceasefire. "Al Quds hospital has been cut off from the world in the last six to seven days.

Persons: Tedros Adhanom Ghebreyesus, Tedros, Israel, Josep Borrell, Jake Sullivan, we've, Sullivan, Biden, Joe Biden, Emir Sheikh Tamim bin Hamad Al, Ashraf Al, Shifa, Ahmed El Mokhallalati, Crescent, Tommaso Della Longa, Nidal al, Dan Williams, Adam Makary, Ahmed Tolba, Sabine Siebold, Andrea Shalal, Simon Lewis, Diane Craft Organizations: Hamas, Maxar Technologies, REUTERS Acquire, World Health Organization, WHO, United Nations, European Union, Union, White, National, Israeli Defense Forces, CBS News, United, Reuters, Gaza's Health Ministry, Health Ministry, Palestinian, International Federation of Red, Red Crescent Societies, Thomson Locations: Israel, Palestinian, Gaza, GAZA, JERUSALEM, Shifa, United States, Washington, U.S, Emir Sheikh Tamim bin Hamad Al Thani, Lebanon, Iran, Iraq, Syria, Al, Quds, Al Quds, Jerusalem

☆ Largest Gaza Hospital 'Not Functioning' Amid Israeli Assault
▼ + stars: | 2023-11-12 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +6 min

By Nidal al-Mughrabi and Dan WilliamsGAZA/JERUSALEM (Reuters) - The largest hospital in Gaza has ceased to function and fatalities among patients are rising, the head of the World Health Organization (WHO) said on Sunday, as a blistering Israeli assault continues in the Hamas-controlled strip. "Tragically, the number of patient fatalities has increased significantly," he said in a post on X, formerly known as Twitter, adding that Shifa was "not functioning as a hospital anymore." The European Union condemned Hamas for using "hospitals and civilians as human shields" in Gaza, while also urging Israel to show "maximum restraint" to protect civilians. The Israeli military response has also prompted anger, with hundreds of thousands protesting in capitals around the world demanding a ceasefire. "Al Quds hospital has been cut off from the world in the last six to seven days.

Persons: Nidal, Dan Williams, Tedros Adhanom Ghebreyesus, Tedros, Israel, Josep Borrell, Jake Sullivan, we've, Sullivan, Biden, Joe Biden, Emir Sheikh Tamim bin Hamad Al, Ashraf Al, Shifa, Ahmed El Mokhallalati, Crescent, Tommaso Della Longa, Nidal al, Adam Makary, Ahmed Tolba, Sabine Siebold, Andrea Shalal, Simon Lewis, Diane Craft Organizations: World Health Organization, WHO, United Nations, European Union, Union, White, National, Israeli Defense Forces, CBS News, United, Reuters, Gaza's Health Ministry, Health Ministry, Palestinian, International Federation of Red, Red Crescent Societies Locations: Dan Williams GAZA, JERUSALEM, Gaza, Shifa, Israel, United States, Washington, U.S, Emir Sheikh Tamim bin Hamad Al Thani, Lebanon, Iran, Iraq, Syria, Al, Quds, Al Quds, Jerusalem

☆ 'The damage has already been done': A 31-year market vet shares 3 pieces of evidence that the labor market is about to collapse, sending the economy into recession and the stock market spiraling
▼ + stars: | 2023-11-11 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

The US economy added just 150,000 jobs, under the expected 180,000, and the unemployment rate rose to 3.9%, now 0.5% higher than its low earlier this year. Federal Reserve Bank of St. Louis/Bullandbearprofits.comSecond, the inverted yield curve is starting to steepen. An inverted yield curve has been an extremely reliable recession indicator over the last several decades. Bullandbearprofits.com"Proven leading indicators show that the unemployment rate is likely to start rising materially soon. Piper SandlerIn addition to the yield curve and employment indicators above, other recession indicators continue to point to a downturn ahead.

Persons: Jon Wolfenbarger, Merril Lynch, Wolfenbarger, Louis, bode, Piper Sandler's Michael Kantrowitz, Piper Sandler, Societe Generale's Albert Edwards, Edwards Organizations: JPMorgan, Federal Reserve Bank of St, National Federation of Independent, Fed, Bank of America, Societe Generale's, Generale, Edwards . Societe Generale Locations: lockstep, Edwards .

☆ Chiefs QB Mahomes says he 'definitely' wants to play flag football at 2028 Games
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +1 min

LOS ANGELES, Nov 3 (Reuters) - Kansas City quarterback Patrick Mahomes said he is eager to suit up for Team USA when flag football makes its Olympic debut at the 2028 Games in Los Angeles. "I definitely want to but I've seen some of those guys play the flag football and they are a little faster than I am," Mahomes told reporters on Friday in Munich, where the Chiefs are set to play the Miami Dolphins on Sunday. Flag football looks similar to tackle football, with passing and receiving, but requires little protective equipment, with play stopping when a defender pulls a cloth flag from the waist of an opponent. With the backing of the NFL it was among five sports added to the program for the 2028 Games alongside cricket, lacrosse, squash and baseball-softball. Flag football's governing body, the International Federation of American Football, has the final say over who makes the cut to play for their country.

Persons: Patrick Mahomes, Mahomes, Andy, Reid, Brett, Veach, Rory Carroll, Jamie Freed Organizations: ANGELES, Kansas City, Team USA, Chiefs, Miami Dolphins, NFL, NFL Players Association, Games, International Federation of American Football, Thomson Locations: Los Angeles, Munich, LA

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