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The last full day of spring will feel more like deep summer across much of the eastern half of the country. Humidity will make the air feel even hotter, and nighttime temperatures are expected to remain uncommonly high. The springtime heat, which will linger through at least the weekend in part of the region, has already caught some cities off guard. Inland New England and upstate New York began to swelter this week even before cities closer to the coast. In Rochester, N.Y., the heat index — an indication of how the air feels, accounting for humidity — soared higher on Tuesday than in San Antonio or St. Petersburg, Fla.
Locations: Chicago, New York City, Inland New England, New York, Rochester, N.Y, San Antonio, St, Petersburg, Fla
In the late innings of a minor league game on Tuesday night at Rickwood Field in Birmingham, Ala., fans throughout the grandstand, suddenly and almost in unison, began staring at the news on their phones: The great Willie Mays had died, at 93, in California. An inning later, a tribute video played on the scoreboard overlooking the outfield where Mays played his first professional game as a teenage phenom for the Birmingham Black Barons, and the loudspeaker blared “Say Hey (the Willie Mays Song),” recorded in 1954 by the R&B group the Treniers. “I was shocked,” said Randy Ferguson, 70, a member of the Friends of Rickwood, the nonprofit organization that oversees the ancient ballpark. I can’t think of any place to be than here.”At 114 years old, Rickwood Field is the nation’s oldest professional ballpark, the first place Mays played pro ball and the last ballpark still standing that he called home. To honor the legacy of the Negro Leagues, Major League Baseball scheduled a game in Mays’s hometown between the San Francisco Giants, Mays’s old team, and the St. Louis Cardinals, that will be played on Thursday.
Persons: Willie Mays, Mays, , , Randy Ferguson Organizations: Birmingham Black Barons, Rickwood, Fame, Negro Leagues, Major League Baseball, San Francisco Giants, Louis Cardinals Locations: Birmingham, Ala, California, Cooperstown, Mays’s
Kandinsky Cut Ties With Russia. So Did This Museum.
  + stars: | 2024-06-19 | by ( Nina Siegal | ) www.nytimes.com   time to read: 1 min
When the Hermitage Amsterdam cut ties with the State Hermitage Museum in St. Petersburg in 2022, after Russia’s invasion of Ukraine, it could have seemed like the Dutch museum was turning away from Russian culture, or even Russian artists. After all, the Dutch museum had spent 15 years showcasing masterpieces from the Russian institution, with exhibitions devoted to the Hermitage’s founder, Catherine the Great, and the House of Romanov, as well as the blockbuster “Jewels! The Glitter of the Russian Court.”But Annabelle Birnie, who runs the Amsterdam museum, doesn’t want anyone to be confused about the reasons for the split from its former exhibition partner. “Russian art was never part of the decision,” she said. “It was an economic boycott,” that “had nothing to do with the quality of Russian art and Russian artists,” she added.
Persons: Catherine the Great, of Romanov, Annabelle Birnie, , Organizations: Hermitage Amsterdam, State Hermitage Museum, Russian Court Locations: St . Petersburg, Ukraine, Russian, Amsterdam
Read previewWillie Mays, the Hall of Famer with a career that spanned 22 seasons, has died at age 93, the San Francisco Giants announced in a post on X on Tuesday. At the time of his death, May had been the oldest living member of the Baseball Hall of Fame. In 1951, he joined the New York Giants. AdvertisementHe retired in 1973 with 24 All-Star awards and was inducted into the Baseball Hall of Fame in 1979. Advertisement"My father has passed away peacefully and among loved ones," Michael Mays told the Chronicle on Tuesday.
Persons: , Willie Mays, Greg Johnson, Mays, Margherite Wendell Chapman, Michael, Mae Louise Allen, Michael Mays Organizations: Service, of Famer, San Francisco Giants, Giants, Business, Baseball Hall of Fame, Birmingham Black Barons, Negro American League, MLB, New York Giants, of Fame, CBS, National League, New York Mets, The Giants, Mets, San Francisco, Negro Leagues, St, Louis Cardinals Locations: America, New York City, Birmingham , Alabama
CNN —The USA lost to South Africa in their opening game of the second round of the men’s T20 Cricket World Cup on Wednesday as its historic run at the tournament continued. Having elected to bowl first, the USA were pegged back by some aggressive batting from South Africa, with the Proteas finishing their 20 overs on 194 runs. New stepsThe USA have been one of the talking points of the T20 World Cup so far, thanks to its shock victory over Pakistan and close defeat by India. Steven Taylor bats against South Africa. And they were never able to recover with South Africa eventually able to round out an 18-run victory.
Persons: St, Quinton de Kock, de, Kock, Harmeet Singh, David Miller, Aiden Markram, Saurabh Netravalkar, Heinrich Klaasen, Tristan Stubbs, Steven Taylor, Taylor, Rabada, Nitish Kumar, Stubbs, Jan Kruger, Aaron Jones, Keshav Maharaj, Corey Anderson, Anrich Nortje, Andries Gous Organizations: CNN, USA, West, Africa’s, South Africa, South, ICC, New Zealand Locations: South Africa, USA, West Indies, England, Antigua, Barbados, St, Lucia, Vincent ., Pakistan, India, de Kock, South Africa’s
Meet the hobbyists who collect barf bags
  + stars: | 2024-06-19 | by ( Aj Willingham | ) edition.cnn.com   time to read: +12 min
CNN —“I collect barf bags” is not a complete sentence. “I collect barf bags because they’re pretty neat.”“I collect barf bags, and I’m not the only one.”Of the eight billion people on the planet, the number of serious barf bag collectors is just north of 100, according to notable members of their ranks. The ineffable whyWhen Steve Silberburg started collecting barf bags around 1981, he thought he would be the only one. People were indeed amused, but it had an unintended side effect: Classmates started bringing Silberburg other barf bags to add to his collection. “We don’t want anybody to get ahead of us, you know.”“It makes a good litmus test, telling people you collect barf bags,” Silberburg says.
Persons: CNN —, I’m, Dramamine —, Steve Silberburg, , ” Silberburg, Silberburg, Eli Cox, “ It’s, that’s, Cox, , Bob Grove, Bruce Kelly, Grove, Bob Grove's tastefully, Dramamine Bruce Kelly, Grove’s, “ I’ve, ” Kelly, Kelly, somebody’s, it’s, Bruce Kelly's, Gilmore Schjeldahl, Louis, ” Bruce Kelly, Organizations: CNN, Maine, Finn Aviation, TWA Locations: , New York City, Boston, San Francisco, Austin , Texas, San Diego, Tijuana, Burma, Myanmar, American, North Dakotan, Finnish, Omaha, St, England, Japan, Europe
"Real" earnings measure the net growth in workers' wages after inflation. The trend of growth in annual real earnings has persisted since May 2023, according to BLS data. That marks a reversal from April 2021 to April 2023, when inflation spiked and eclipsed growth in the average worker's paycheck. That month, the average worker saw their pay growth spike to about 6% annually. "This is good news for consumers," since it generally equates to an increase in their well-being over time, he added.
Persons: It's, Chris Tilly, Maximiliano Dvorkin, Louis, Dvorkin Organizations: Getty, U.S . Bureau of Labor Statistics, Finance, University of California, Federal Reserve Bank of St, BLS Locations: U.S, Los Angeles
Mayor Eric Adams said in a statement that he would activate the city’s heat emergency plan starting on Tuesday. “The first heat wave of the season is here, and New York City has a plan to beat the heat — but we want all New Yorkers to have a plan as well,” Mr. Adams said. The city’s Heat Vulnerability Index — an effort spearheaded by the health department in conjunction with Columbia University — analyzes the neighborhoods that face the most danger during a heat wave. If everybody’s doing it, you’re multiplying it by millions.”Are heat waves in New York City becoming more common? The only heat wave to hit New York City last year happened in September, said David Stark, a meteorologist with the National Weather Service of New York.
Persons: Eric Adams, , Mr, Adams, Ashwin Vasan, Anna Watts, Sandee, Columbia University —, Brian Ourien, ” Mr, Ourien, Zach Iscol, Vasan, , Con Ed, Brittainy Newman, Patrick McHugh, Con Ed ., McHugh, David Stark, Elijah Hutchinson, Hutchinson Organizations: Fire Department, National Weather Service, The New York Times, , New York Public Library, Columbia University, Department of Health, Human Services, Bowery, Emergency Management, Workers, Con, New, New York City, Environmental Locations: New York City, New York, New, York, Bronx , Brooklyn, Queens, Mott Haven, Fordham, Jamaica, Hollis, St, Albans, In Brooklyn, Brownsville , East Flatbush, East New York
Hoft appeared to view the distinction between his personal finances and TGP Communications, the now-bankrupt corporate entity that owns The Gateway Pundit, as little more than a formality. Both he and his brother, Joe Hoft — a Gateway Pundit cofounder — took loans from the company, he said. AdvertisementSome of the creditors suing The Gateway Pundit claim the bankruptcy is a legal maneuver to try to escape from accountability in other courts. Coomer has also sued Hoft after The Gateway Pundit falsely accused him of being on "a conference call filled with Antifa-sympathizing callers" to rig the election. He used the company to give himself an $800,000 loan to purchase a condo in 2021 in Jensen Beach, Florida, he said.
Persons: , Jim Hoft, Hoft, Joe Hoft, We've, Ruby Freeman, Wandrea Moss, Eric Coomer, Freeman, Moss, Donald Trump, Rudy Giuliani, Coomer, Louis Organizations: Service, TGP Communications, Business, Voting Systems, New, New York City, Porsche, Trump, White House, US Trustee's, Pundit Locations: Florida, Georgia, New York, Jensen Beach , Florida, St
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNFL faces 'Sunday Ticket' lawsuit: Here's what's at stake for the leaguePatrick Rishe, Washington University in St. Louis director of sports business program and Sportsimpacts founder and president, joins 'Squawk Box' to discuss the class-action lawsuit against NFL over its 'Sunday Ticket' package plan, whether the league violated antitrust laws by offering the package to consumers, what's at stake for the NFL, and more.
Persons: Patrick Rishe, Louis, what's Organizations: Washington University, NFL Locations: St
Anton Vaganov | ReutersVladimir Putin promised to build trade and security systems with North Korea that are not controlled by the West and pledged his unwavering support in a letter published by North Korean state media on Tuesday ahead of his planned visit to the country. The article was published a day after the two countries announced that Putin would visit North Korea for the first time in 24 years for two days starting on Tuesday. Putin's foreign policy adviser Yuri Ushakov said Russia and North Korea may sign a partnership agreement during the visit that would include security issues. Ahead of the visit North Korea appears to have been making preparations for a possible military parade in downtown Pyongyang, commercial satellite imagery showed. He said the United States had seen Putin "get incredibly desperate over the past few months" and look to Iran and North Korea to make up for equipment lost on the battlefield.
Persons: Vladimir Putin, Anton Vaganov, Reuters Vladimir Putin, Sinmun, Putin, Yuri Ushakov, Andrei Belousov, Sergei Lavrov, Alexander Novak, Matthew Miller, Victor Cha Organizations: St ., Economic, Reuters, West, North, Workers, Party, Russia, Russian, Interfax, U.S . State Department, Center for Strategic, International Studies Locations: St, St . Petersburg, Saint Petersburg, Russia, North Korea, North Korean, North Korea's, Eurasia, Ukraine, Pyongyang, Korea, United States, Iran, Moscow, U.S
Read previewSupreme Court Justice Clarence Thomas is once again facing renewed scrutiny amid details about undisclosed trips he took with GOP mega-donor Harlan Crow. Advertisement"The Judicial Conference changed this provision last year, and Justice Thomas has fully complied with the new disclosure requirement," Berke said. GOP megadonor Harlan Crow has defended his relationship with Justice Clarence Thomas after a series of bombshell ProPublica reports. July 2019: Bali, IndonesiaThomas and Crow's 2019 Bali vacation was the centerpiece of ProPublica's original 2023 report. ProPublica previously reported on Thomas' trips to the gentleman's retreat.
Persons: , Clarence Thomas, Harlan Crow, Thomas, Sen, Dick Durbin, Crow, ProPublica, Michael Zona, Committee's, Elliot S, Berke, Louis, New York ProPublica, Camp Topridge, Leonard Leo, Chris Goodney, Indonesia Thomas, Ginni Thomas, Michaela Rose, Bohemian Grove , California Thomas, Topridge, Topridge —, buddy's hideaway, Crow's, Justice Organizations: Service, GOP, Business, BI, Verizon, PricewaterhouseCoopers, Bloomberg, Getty, Washington Post, DC, Supreme Locations: Indonesia, Grove, Monte Rio , California, Montana, St, Kalispell , Montana, Dallas, New York, Crow's, Thomas, Savannah , Georgia, Georgia, Bali, Bohemian Grove , California, Bohemian Grove, Northern California, Washington, San Jose , California, New Zealand
AP From left: Monte Irvin, Willie Mays, and Hank Thompson hold bats on their shoulders in Yankee Stadium in 1951. Bettmann Archive/Getty Images Mays, then a physical training instructor at Fort Eustis, Virginia, leads soldiers through a calisthenics session on February 19, 1953. Bettmann Archive/Getty Images Mays plays stick ball with kids in New York's Harlem neighborhood in 1954. Bettmann Archive/Getty Images Mays makes a leaping, one-handed catch off the Los Angeles Dodgers' Duke Snider on August 15, 1954. JR/AP Mays, then of the San Francisco Giants, plays catch with 14-month-old Herbert Henderson, at the home of Henderson's parents, in San Francisco, California on November 14, 1957.
Persons: Willie Mays, Mays, , Michael Mays, ” Michael Mays, , , Babe Ruth, Hall, Hall of Famer Willie Mays, Robert D, Manfred, ” Manfred, ” Mays, couldn’t, wouldn’t, Negro League ballplayers, Monte Irvin, Hank Thompson, William F, Donegan, Duke Snider, Charles Hoff, Jackie Robinson, Bettmann, Frank Hurley, Joe DiMiaggio, Sid Mercer, Margherite Wendell, AP Mays, Herbert Henderson, Ernest Bennett, Pepe, San Francisco, Willie McCovey, Jon Brenneis, Ed Sullivan, Mel Ott, Hank Aaron, Joan Whitney Payson, Dan Farrell, douse Mays, Paul Sakuma, Monica M, Davey, John G, Mabanglo, San Francisco Giants Barry Bonds, of Famer Willie McCovey, Bonds, Willie, Laura Bush, George W, Bush, Chip Somodevilla, Jeff Gross, Barack Obama, Louis, Pete Souza, Jon Miller, Ezra Shaw, Nicholas Kamm, Gabrielle Lurie, ’ Mays, Vic Wertz, ” San Francisco Mayor London Breed, Breed, , Peter Ueberroth, Leo Durocher, ” Obama, “ Willie, Gavin Newsom, ” Newsom, Emma Tucker, Elizabeth Joseph, Taylor Romine Organizations: CNN, of Famer, San Francisco Giants, Giants, Major League Baseball, New York Giants, National League, Hall of Famer, MLB, Negro League statistics, Negro American, Birmingham Black Barons, San Francisco Chronicle, Juneteenth, Negro Leagues, Black Barons, Louis Cardinals, Negro League, Gloves, Bettmann, American, Minneapolis Millers, Minnesota Historical Society, AP, Yankee, The New York Giants, Army, Major League, Los Angeles Dodgers, NY, Mays ' New York Giants, Robinson's Brooklyn Dodgers, Cleveland Indians, Baseball Writers, JR, San, Candlestick Park, CBS, Getty, Astrodome, Mays, Atlanta Braves, New York Mets, Mets, Wrigley Field, Chicago Cubs, National League East, AP Mays, Candlestick, San Fransisco Giants, Park, Willie Mays Plaza, Bell Park, White, Little League's Challenger Division, T, Air Force, London Breed, Hall, Polo, New York, Brooklyn Dodgers, New York Yankees, Franciscan, ” San Francisco Mayor London, of Fame, Baseball Hall of Fame, Baseball Locations: Birmingham , Alabama, Birmingham, American, New York, Omaha , Nebraska, Camp Kilmer , New Jersey, Fort Eustis , Virginia, Phoenix , Arizona, New, Harlem, Mays ', NY, East Elmhurst , New York, San Francisco , California, San Francisco, Candlestick, Houston , Texas, New York City, Chicago , Illinois, AFP, Washington , DC, St, Washington ,, California
Some areas could endure the longest heat wave they’ve seen in decades, the National Weather Service’s Weather Prediction Center said. Tens of millions of people who aren’t used to heat this intense will be sweating in temperatures well into the 90s this week. Through the rest of the week, the most extreme heat risk is in place from the Great Lakes into the Northeast, according to the National Weather Service. Humidity will also join forces with extreme heat to create triple-digit heat indices – measurements of how hot the human body feels – in some areas. Chicago residents could feel heat indices between 95 and 105 degrees through next week, the NWS in Chicago warned.
Persons: CNN’s Robert Shackelford Organizations: CNN, National Weather Service, Prediction, NWS Locations: South, Midwest, Great, Chicago, St, Louis, Detroit, Cleveland, Pittsburgh , New York City, Boston, Pittsburgh, New York, New England
White Castle is just one in a long line of restaurant chains toying with drive-thrus powered by voice-recognition AI. Chains such as Taco Bell, McDonald's, and Checkers & Rally's have all tested or introduced voice AI drive-thrus. AdvertisementBut voice AI drive-thrus are far from achieving widespread adoption. Last year, restaurant-tech company Presto Automations revealed in an SEC filing that over 70% of its voice AI orders required assistance from off-site human workers. AdvertisementIf customers don't want to order using the voice AI system, they can ask to speak to a human, he said.
Persons: , Julia, Julia isn't, Taco Bell, McDonald's, Jamie Richardson, White, Richardson, Ben Bellettini, SoundHound's, SoundHound, SoundHound doesn't, fryer Organizations: Service, Business, SEC, IBM Locations: White, St Louis, Cincinnati, Indiana, Merrillville
Almost 72 million people across the country were under warnings of extreme heat Monday morning, the National Weather Service said. With Thursday's seasonal solstice taking place amid a weeklong heat wave expected for the East Coast and the Midwest, the summer of 2024 is coming in hot. Extreme heat warnings were in place for Chicago, St. Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston, New York City and Albany, New York. The weather service office for Pittsburgh said it "could be the most impactful heat wave of the 21st century." The weather service is also on the lookout for any possible tropical storms developing in the Gulf, it said.
Organizations: National Weather Service, East, Prediction, Midwest, The Nevada Division, Emergency Management, Pittsburgh, Buffalo Public Schools, Dakotas Locations: Phoenix , Arizona, U.S, East Coast, Chicago, St, Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston , New York City, Albany , New York, Ohio, East, Phoenix, Buffalo, Minnesota, Gulf, Mexico, Texas, Louisiana
New York CNN —Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. But ham prices were lower, falling 5.4% overall and dropping 6.3% when you exclude canned varieties. It’s all relativeGlynn Tonsor, a professor in the department of agriculture economics at Kansas State University suggests that if you zoom out, pork prices are indeed going up across the board. But prices for ham actually went up higher than the prices of bacon and pork chops. Scott Olson/Getty Images/FilePeople love baconAnother reason for high bacon prices: Strong demand, even when it’s expensive.
Persons: Bacon, Glynn Tonsor, ” Tonsor, Scott Olson, , Christine McCracken, They’re, you’ll, It’s, McCracken, “ You’ll Organizations: New, New York CNN, Shoppers, Bureau of Labor Statistics, Kansas State University, Federal Reserve, St, RaboBank, Retailers, KFC, Starbucks Locations: New York, Louis, Mexico, , Chicago , Illinois, Burger King
But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.
Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, , Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia
CNN —An oil spill affecting Singapore has spread beyond a luxury beach resort to a marine reserve and other parts of the island as the authorities intensify cleanup efforts. The oil spilled into the city-state’s waters after a Netherlands-flagged dredger, Vox Maxima, hit Singapore-flagged bunker vessel, Marine Honor, on Friday afternoon, according to the Maritime and Port Authority of Singapore. The oil spill has spread from the busy Pasir Panjang Terminal cargo port, less than 10 kilometers (six miles) from Sentosa, the country’s popular resort island home to luxury hotels, golf courses and Universal Studios Singapore. Oil covers Sentosa's Tanjong Beach in Singapore on June 16, 2024. Measuring about 13 kilometers long (8 miles) long, 19 kilometers (11.8 miles) wide and dotted with several small islands, it is one of the world’s busiest commercial waterways where around 1,000 ships pass through every day.
Persons: Vox Maxima, Hari Raya Haji, John’s, Lazarus, Kusu, Roslan Rahman Organizations: CNN, Maritime, Port Authority of, Universal Studios Singapore, National Parks Board, Friends, Marine, Getty Images Authorities, Marine Stewards Locations: Singapore, Netherlands, Port Authority of Singapore, Pasir Panjang, Sentosa, Hari, Tanjong, Palawan, Siloso, St, Beach, AFP, China
CNN —German police on Sunday shot a man who threatened officers with a pickaxe and an incendiary device in Hamburg, authorities said, hours before the city was set to host its first game for the Euro 2024 soccer tournament. The suspect had threatened officers in Hamburg’s famous St. Pauli district and was shot in the leg, according to Hamburg police. Germany is hosting hundreds of thousands of foreign fans at the the month-tournament, which began on Friday. Interior Minister Minister Nancy Faeser said on Thursday that authorities were on alert for Islamist-inspired attacks and violence associated with hooliganism, Reuters reported. She said authorities had the “Islamist scene firmly in their sights” but not specific threats had been identified.
Persons: Pauli, Nancy Faeser Organizations: CNN, Sunday, Hamburg police, Police, Interior, Reuters Locations: Hamburg, Hamburg’s, St, Poland, Netherlands, Germany
Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?
Persons: , Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —
New college graduates are having a harder time finding work, and as a result, some of them could see their careers and earnings take a hit for years. Meaning that recent college graduates have been more likely to be unemployed than the broader population. This new normal has worked out OK for some Americans, but it's been particularly tough on new college graduates. While the tough job market could temporarily hurt some young graduates' earnings, there's reason to be optimistic that their finances could eventually recover. But if the job market continues to prove frustrating, some of them may begin to wonder.
Persons: Lohanny Santos couldn't, Zer, Santos isn't, overqualified, millennials, Gen Zers aren't, Julia Pollak, ZipRecruiter, it's, — aren't, they'd, , grads —, Goldman Sachs, Elise Peng, Louis, who's Organizations: Service, Business, New York Fed, NY Fed, Meta, Rice University's, Bloomberg, LinkedIn, National Association of Colleges, Glass Institute, Strada Education Foundation, Federal, Louis Fed
Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.
Persons: , David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep
At the turn of the year, the market was banking on six rate cuts beginning in March. Advertisement"The valuation ratio from small caps to large caps right now is at a 24-year low. This is probably one of the best entry points into small and mid-cap stocks," Ewing said. He added that when the Fed starts cutting rates, small caps have historically outperformed. Morningstar holds steady to its expectation of two rate cuts of 25 basis points each for 2024.
Persons: Jerome Powell, James St . Aubin, Brett Ewing, you've, we're, Ewing, haven't, David Sekera, Russell, Sekera Organizations: Service, Federal, Market Committee, Sierra Funds, Fed, Morningstar
CNN —The USA achieved a historic milestone after advancing to the next stage of the men’s T20 Cricket World Cup after its game against Ireland on Friday was abandoned due to a wet outfield, according to the International Cricket Council. It was a momentous point for USA, which saw its qualification for the Super 8 stage of the tournament confirmed, a remarkable achievement given the team is appearing in its first ever T20 World Cup. One of the co-hosts for the T20 World Cup, the USA opened up its campaign with a convincing victory over Canada and finishes its Group A stage on five points. The four teams in those two groups will play one another in a round-robin format, with the top two advancing to the semifinal stage. The Super 8 stage begins on June 19, with all 12 games in the second round of the T20 World Cup being played across four Caribbean islands in Antigua, Barbados, St. Lucia and St. Vincent.
Persons: St, Vincent Organizations: CNN, USA, Ireland, International Cricket Council, Pakistan, Canada Locations: Lauderhill , Florida, India, USA, Pakistan, Antigua, Barbados, St, Lucia
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