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The Fed aims to keep inflation at 2% over the longer run. Meanwhile, among the 20 countries that use the euro, annual consumer price inflation has slowed steadily since the start of the year. Fed Governor Michelle Bowman said earlier this month that she would favor a rate hike “should progress on inflation stall or even reverse.”So why does the United States appear to have a bigger inflation problem than Europe? Some economists argue there isn’t actually much daylight between the US and European rates of inflation, pointing to a quirk in the US measures. The measure is designed to track inflation in the real estate market while accounting for the fact that most Americans own their homes.
Persons: Michelle Bowman, Paul Donovan, Simon MacAdam, , MacAdam, ” Carsten Brzeski, Janet Yellen, Jim Watson, Brzeski, , ” Davide Oneglia Organizations: London CNN, Federal Reserve, European Central Bank, PCE, UBS Global Wealth Management, Capital Economics, ING, CNN, Monetary Fund, Washington, Reuters, Getty, , ECB, Lombard Locations: United States, Europe, Centreville , Maryland, AFP, Russia, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft has to show evidence that Copilot is a money maker, says Harvest Portfolio's Paul MeeksPaul Meeks, Harvest Portfolio Management co-CIO, joins 'Squawk Box' to discuss Alphabet and Microsoft's quarterly earnings results, whether tech investors should be wary of the macro environment, impact of AI, and more.
Persons: Paul Meeks Paul Meeks Organizations: Microsoft, Management
This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
Organizations: CNBC
People are surprised to learn that Mari Murdock, 36, is a professional game master, a role in which she organizes and narrates tabletop roleplaying games like Dungeons & Dragons. Dungeons & Dragons is an open-ended tabletop game in which the narrative is shaped by the players' choices, whether that's through combat, puzzles or negotiation. But as Murdock played tabletop games through the 2010s, she grew more confident in the skills it takes to run a good game. The timing was fortuitous, as tabletop gaming became more popular during the pandemic. For Murdock, gaming allows you to immerse yourself in "a pretend situation where you are imagining that you are someone else.
Persons: Mari Murdock, Graham Merwin, Murdock, — it's, Scott, Murdock's, Mari, she'd, Dax Levine, , Levine, Max, we've, it's Organizations: CNBC, Westminster University, Brigham Young University, Hawaii, BYU, Dragons, Guinness World Records, &, PayPal, Hulu, Spotify, Amazon Prime, Max Insurance, Relief Society Locations: Utah, Salt Lake City, Michigan, Hawaii, Japan, Scott, Provo , Utah
Joyce Preston, who's from the UK, turned 100 in March. It was also the year that Joyce Preston, who turned 100 years old last month, was born in the British town of Stockport. There, she starts her day by doing yoga or gentle exercise and loves going for walks. Joyce Preston/ Care UKPreston never married, and her biggest tip for reaching 100 is to "stay single." Joyce Preston/ Care UKBe religiousAs a founding member of an independent evangelical church, religion is important to Preston, and she believes it has contributed to her long life.
Persons: Joyce Preston, , Preston, Bryan Johnson, Paul Dolan, Preston doesn't, Rose Anne Kenny, doesn't, Joseph Maroon, Heidi Tissenbaum Organizations: Service, Care UK's, Court, Abney Court, Abney Court Care, US Bureau of Labor Statistics, Care, London School of Economics, Guardian, gerontology, Trinity College Dublin, LongeviQuest, University of Locations: who's, Ottoman Empire, Soviet Union, Stockport, Preston, Abney, Latin America
Alphabet on Thursday delivered a knockout first-quarter report, with sales, operating margin and profits all topping Wall Street expectations. Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Alphabet's big three watch items for investors — Search, YouTube, and Google Cloud — all delivered better-than-expected revenues in the quarter, leading to companywide sales topping estimates. It exited the quarter with $108 billion in cash, cash equivalents and marketable securities on its balance sheet, compared with $110.9 billion at the end of 2023. At 20 cents a share, Alphabet's dividend yield stands at 0.51% based on Thursday's close.
Persons: we've, It's, Sundar Pichai, Ruth Porat, TikTok, Philipp Schindler, Pichai, Porat, we're, Alphabet's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: YouTube, Microsoft, Management, , Google, Google Services, Capital, buybacks, Meta, Apple, CNBC, O, Bloomberg, Getty Locations: That's, Mountain View , California
Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.
Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S
The provides the backdrop for stagflation, which can't be combated with rate cuts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With additional help from high government spending and the dollar's de-coupling from gold, inflation surged into double digits, while the economy tumbled. The period was so tumultuous that it undid long-standing macroeconomic theories, and required the Fed to step up its role in the economy.
Persons: , David Donabedian, It's, listlessness, stagflation, Paul Volcker, Jamie Dimon, we've, Pooja Sriram, Powell Organizations: Service, CIBC Private Wealth, OPEC, Economic, of New, Barclays Locations: of New York
Last week, employees at a Volkswagen plant in Chattanooga, Tenn., voted by almost three to one to join the United Automobile Workers. By the numbers, this wasn’t a big deal: It involved only a few thousand workers in an economy that employs almost 160 million people. You can quantify this arc using statistical measures like the Gini coefficient or the ratio of top to bottom incomes. The thing is, that relatively equal society didn’t evolve gradually. Wartime wage and price controls were an equalizing force, but the new equality persisted for decades after those controls were removed.
Persons: Claudia Goldin —, Robert Margo Organizations: Volkswagen, United Automobile Workers Locations: Chattanooga , Tenn, Chattanooga, America
I was working as a senior corporate banker right before I applied to be on "The Bachelorette." Throughout my career in corporate banking, I executed over $150 million in lending transactions. AdvertisementFive years after leaving the corporate world, I'm now worth between $4 and $5 millionTartick in 2023. Charles Sykes/Bravo via Getty ImagesWe just came off a massive book launch for "Talk Money to Me," where we went to eight cities. Jason Tartick's new book "Talk Money to Me" is in stores now.
Persons: , Jason Tartick, podcaster, It's, I'd, guardrails, Tartick, Craig Sjodin, You've, I'm, Becca wasn't, Becca Kufrin, Paul Hebert, — it's, Kaitlyn Bristowe, didn't, Jason, I've, that'll, Charles Sykes, Bravo, we've, Jason Tartick's Organizations: Service, Business, Disney, Entertainment, Getty, Rewire Talent Management Locations: KeyBank, America
No matter who you are or what your politics, whatever your ethnic origin, economic circumstance, family history or mental health status, chances are you have ample reason to be ticked off. If you’re on the left, you have been oppressed, denied, marginalized, silenced, erased, pained, underrepresented, underresourced, traumatized, harmed and hurt. If you’re on the right, you’ve been ignored, overlooked, demeaned, underestimated, shouted down, maligned, caricatured and despised; in Trumpspeak: wronged and betrayed. What was Jan. 6 at heart but a gigantic tantrum by those who felt they’d been cheated and would take back their due, by whatever means necessary? Nor has the urge to leverage powerlessness as a form of power felt quite so universal — more pervasive on the left, if considerably more threatening on the right.
Persons: you’ve, they’d, it’s
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSanofi CEO Paul Hudson on Q1 results: Hope to gather even more momentum later this yearSanofi CEO Paul Hudson joins 'Squawk Box' to discuss the company's quarterly earnings results, drug pipeline outlook, and more.
Persons: Paul Hudson, Hope Organizations: Sanofi
On a Monday morning last month, tech executives, engineers and sales representatives from Amazon, Google, TikTok and other companies endured a three-hour traffic jam as their cars crawled toward a mammoth conference at an event space in the desert, 50 miles outside Riyadh. The lure: billions of dollars in Saudi money as the kingdom seeks to build a tech industry to complement its oil dominance. To bypass the congestion, frustrated eventgoers drove onto the highway shoulder, kicking up plumes of desert sand as they sped past those following traffic rules. A lucky few took advantage of a special freeway exit dedicated to “V.V.I.P.s” — very, very important people.
Persons: eventgoers Organizations: Amazon, Google Locations: Riyadh
The pre-owned luxury watch market is thriving
  + stars: | 2024-04-24 | by ( Fawnia Soo Hoo | ) edition.cnn.com   time to read: +11 min
Granted, the pandemic-induced second hand luxury watch boom peaked back in March 2022, but the market is still going strong, and price levels remain higher than pre-Covid times. “(They’re) a crucial demographic for the growth and evolution of the pre-owned and vintage luxury watch industry,” added Paul Altieri, founder & CEO of multi-brand online luxury marketplace Bob’s Watches. Don't be shy," said Dimepiece's Brynn Wallner of new buyers' potential nerves when it comes to luxury watch stores. How can you tell if a luxury pre-owned watch is the real deal? “Luxury watches of this caliber will go from one generation to the next to the next to the next,” he explained.
Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.
Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, , Devin Haney, , I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, , he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State
The S&P 500 is at risk of plunging 44% to around a four-year low, Paul Dietrich said. The top strategist explained that selling stocks well before they crash can yield outsized returns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe stock market may be headed for a 44% crash — and getting out early could pay off, Paul Dietrich said. This story is available exclusively to Business Insider subscribers.
Persons: Paul Dietrich, Dietrich, , Riley Wealth Organizations: Service, Business
The J. Paul Getty Museum in Los Angeles on Wednesday said it was returning an ancient bronze head to Turkey that it had purchased in 1971 from an antiquities dealer who sold other items to museums that were later found to have been looted. The museum said the decision was made “in light of new information” provided by the Manhattan district attorney’s office, which asserts that the object was stolen in the 1960s from a heavily plundered Roman-era settlement in Turkey known as Bubon. Neither the museum nor investigators would describe the new information, but the office’s Antiquities Trafficking Unit has in recent years been investigating the looting of artifacts from Bubon and has pursued the return of a number of bronze objects that were held by American museums or private collectors. In one case, investigators seized a statue of the Roman emperor Septimius Severus from the Metropolitan Museum of Art, and in another, a statue of the emperor Lucius Verus from the home of a philanthropist and Met trustee, Shelby White.
Persons: Septimius Severus, Lucius Verus, Shelby White Organizations: Paul Getty Museum, Metropolitan Museum of Art Locations: Los Angeles, Turkey, Manhattan
So the question is, are we going to have issues if rates remain higher for longer?" But financial markets, despite a recent 5.5% selloff for the S&P 500, have largely held up amid the higher-rate landscape. Higher rates can be a good signHistory tells differing stories about the consequences of a hawkish Fed, both for markets and the economy. Higher rates are generally a good thing so long as they're associated with growth. Futures market pricing implies a fed funds rate of 4.32% by December 2025, indicating a higher rate trajectory.
Persons: Jerome Powell, Mandel Ngan, Quincy Krosby, Krosby, Paul Volcker, David Kelly, Kelly, , Goldman Sachs, Loretta Mester Organizations: Federal Reserve, Financial, Afp, Getty, LPL, Fed, Asset Management, Market, Cleveland Fed, European Union Locations: Washington , DC
This month, President Biden threw one of the most lavish state dinners in Washington’s recent memory. Celebrities and billionaires flocked to the White House to dine in honor of Prime Minister Fumio Kishida of Japan, posing for photos in front of an elaborate display of Japanese fans. The spectacle was part of a carefully orchestrated series of events to showcase the renewed U.S.-Japan relationship — and the notable transformation of the United States’ security alliances in Asia. Over the past several years, Washington has built a series of multilateral security arrangements like these in the Asia-Pacific region. Although U.S. officials claim that the recent mobilization of allies and partners is not aimed at China, don’t believe it.
Persons: Biden, Fumio Kishida, Jeff Bezos, Paul Simon, , Ferdinand Marcos Jr, Kishida Organizations: United Locations: Japan, U.S, United States, Asia, Philippines, China, Washington, Pacific, South China, Taiwan Strait
[laufey, "misty"]archived recording (laufey) (SINGING) Look at me I’m as hopeless as a kittenanna martinShe got her start in the most Gen Z way possible — on TikTok. [laufey, "falling behind"]archived recording (laufey) (SINGING) Everybody’s falling in love And I’m falling behindanna martinToday, Laufey reads an essay called “An Anxious Person Tries to Be Chill,” by Coco Mellors. And so, I think that’s kind of what we’re always itching for, that sense of love, even though it’s not really love. laufeyWell, the first love song I wrote, called “Best Friend.” I’d never been in love before, and I wanted to write a love song. archived recording (laufey) [SCATTING]: You’re my best friend in the world [MUSIC PLAYING]anna martinNext week, I talk with model and writer Emily Ratajkowski.
Persons: anna martin, ” I’m Anna Martin, Laufey, anna martin She, , you’re, Everybody’s, Coco Mellors, won’t, anna martin Laufey, you’ve, Matt Haig, Madeline Miller, It’s, laufey, it’s, Paul Newman, , , didn’t, Henry, ’ Henry didn’t, I’d, I’m, ’ Henry, anna martin Man, , Laufey’s, ghosting, Coco Mellor’s, avoidant, I’ve, Boston, Let’s, hadn’t, Coco, she’s, he’s, anna martin Right, that’s, anna martin I, We’ll, ” I’d, ” anna martin Aw, Emily Ratajkowski, Emily’s, emily ratajkowski Organizations: The New York Times, Gay, Boston Locations: TikTok, West, Central, , Los Angeles, , Boston, It’s, what’s
Not only would that deal another huge blow to China’s tech ambitions, it would further deepen the divide between two digital worlds centered around the rival economic superpowers. Congress on Tuesday approved legislation that could compel ByteDance to sell TikTok or face a national ban. That leaves few options for ByteDance to secure the future of TikTok in the US, its biggest market with 170 million users. “This includes everything from who owns and operates data centers, to space-based internet satellites, to undersea cables and, of course semiconductors.”In that sense, the TikTok ban has its silver lining for Beijing. Growing challenges for Chinese appsThe TikTok legislation was included in a wide-ranging foreign aid package meant to support Israel, Ukraine and Taiwan.
Persons: Hong Kong CNN —, ByteDance, Joe Biden, TikTok, , , Alex Capri, Richard Windsor, Capri, Biden, Paul Triolo, ” Triolo, Wang Wenbin, CNN’s Marc Stewart, Triolo doesn’t, — CNN’s Wayne Chang, Marc Stewart Organizations: Hong Kong CNN, Foundation, National University of Singapore’s Business, YouTube, Google, Radio Free Mobile, TikTok, Technology, Albright, Commerce Department, Commerce, China’s, Foreign Ministry, Facebook, Apple Locations: China, Hong Kong, America, Beijing, Capri, , Asia, Israel, Ukraine, Taiwan, Silicon Valley, American, Bytedance, “ Beijing
It was ’90s basketball at its best.”The Mavericks were led by 32 points from Luka Dončić, who added yet another playoff win against the Clippers to his résumé, along with six rebounds and nine assists. The Clippers closed the gap again, but Dončić hit a clutch, step-back three-pointer over James Harden with 1:26 left in the game to extend Dallas’ lead to 90-81. The heat of the moment caused Dončić to turn to the Clippers crowd and roar in triumph. Keith Birmingham/MediaNews Group/Pasadena Star-News/Getty Images“Just staying poised and understanding that mistakes are going to happen, and it’s a playoff game,” he told the Mavs broadcast. Pacers level series against Bucks, Timberwolves extend lead over the SunsElsewhere, the Indiana Pacers leveled their first-round playoff series against the Milwaukee Bucks with an impressive 125-108 Game 2 road victory.
Persons: Jason Kidd, , ” Kidd, Luka Dončić, , Irving, Dončić, James Harden, ” Dončić, ” Irving, Kyrie Irving, Keith Birmingham, , “ It’s, we’ve, Harden, Paul George, Kawhi Leonard, ” Leonard, Pascal Siakam, Giannis Antetokounmpo, Damian Lillard, Jaden McDaniels, McDaniels –, Anthony Edwards, Devin Booker, Kevin Durant Organizations: CNN, The Dallas Mavericks, Los Angeles Clippers, Dallas, Mavericks, Luka, Clippers, MediaNews, Pasadena Star, Teams, ESPN, , Pacers, Bucks, Timberwolves, Suns, Indiana Pacers, Milwaukee Bucks, Minnesota Timberwolves, Phoenix Suns Locations: Dallas
Read previewAhead of a final Senate vote to send Ukraine aid to President Joe Biden's desk, Sen. Tommy Tuberville made one last stand against it. Paul has long been an opponent of Ukraine aid, while Scott said in a statement on Tuesday that he supports the bill. The more than $61 billion in Ukraine aid was wrapped up in a larger $95 billion package that included more than $14 billion for Israel, $9 billion in humanitarian aid, aid for Taiwan, and a bill to force a sale of TikTok. AdvertisementThe Alabama senator has long been an opponent of Ukraine aid. In May 2022, he was one of just 11 Republican senators to vote against a $40 billion aid package for the country.
Persons: , Joe Biden's, Sen, Tommy Tuberville, Tuberville, It's, Sens, Rand Paul of Kentucky, Tim Scott of, Paul, Scott, Katie Britt, Tuberville's, Vladimir Putin, Donald Trump Organizations: Service, Alabama Republican, Republican, Business, Democratic Locations: Ukraine, Russia, Tim Scott of South Carolina, Tuberville's Alabama, Israel, Taiwan, Alabama, Soviet Union
How to Find a Life Insurance Policy
  + stars: | 2024-04-24 | by ( Liz Knueven | Alani Asis | Paul Kim | ) www.businessinsider.com   time to read: +12 min
To submit a life insurance claim, however, you'll need to know which life insurance company holds the person's policy. NAIC's Life Insurance Policy Locator ServiceIf you don't know the insurance company your deceased loved one has a policy with, the NAIC's Life Insurance Policy Locator Service can help with your search. What to do once you find a life insurance policyFiling a claimOnce you've identified the insurance company and retrieved the deceased's policy information, follow these steps to claim a found life insurance policy:Contact the insurance company: The insurer will provide the claims form and instructions. The closest living relative (e.g., spouse or child)The policy's beneficiaryEstate executors and TrusteesFinding life insurance policy frequently asked questionsHow can I determine what type of life insurance policy I need? Only the beneficiaries named in the policy or their legal representatives have the right to file a claim on a life insurance policy.
Persons: you've, Policygenius Organizations: National Association of Insurance, Social, National Association, Insurance, Financial
Ukrainian President Volodymyr Zelenskyy talked about what it will take to maintain Ukrainian independence, his soldiers’ morale, and the country’s next presidential election in an exclusive video interview with German media house Axel Springer.
Persons: Volodymyr Zelenskyy, Axel Springer
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