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☆ Iconic photos show the biggest moments from O.J. Simpson's 'trial of the century'
▼ + stars: | 2024-04-12 | by ( Talia Lakritz | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Simpson trial lives on infamy more than 30 years later. Here are some of the biggest moments from "the trial of the century." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The trial still remains a cultural touchstone, with the Emmy-winning 2016 FX series "The People v. O.J. Here's a look back at some of the most iconic photos from the trial.

Persons: Simpson, —, Rodney King, Rupert Murdoch, O.J, Cuba Gooding, Sarah Paulson, John Travolta, David Schwimmer, Sterling K, Brown Organizations: Bronco, Service, NFL, Los Angeles Police Department, Fox, CNN

☆ Dollar firms, yen skids as Fed cut wagers crumble
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: +4 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Japan intervened in the currency market three times in 2022 as the yen slid toward what was then a 32-year low of 152 to the dollar. The Japanese central bank last month ended eight years of negative interest rates but yen has remained rooted near 151 per dollar levels since then. The euro was last at $1.0744, having dropped 1% on Wednesday ahead of the European Central Bank, or ECB, meeting later in the day. The Australian dollar was little changed at $0.651, while the New Zealand dollar eased 0.17% to $0.598.

Persons: Masato Kanda, Kyle Rodda, Rodda, Kazuo Ueda, Kevin Cummins, Sterling Organizations: Fed, Reuters, Bank of, Bank of Japan, Federal Reserve, U.S, NatWest, Treasury, European Central Bank, ECB, New Zealand Locations: Buenos Aires, Argentina, Tokyo, Japan, Bank of Japan, U.S

☆ Dollar firm, yen under watch ahead of key US CPI release
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +3 min

The Japanese yen and U.S. dollar on display in Yichang, Hubei province, Nov 13, 2023. The inflation data follows a strong jobs report last Friday that blew past forecasts, raising questions on how soon and how much the central bank will cut rates this year. On the yen, Wednesday's CPI data will be "a big test for Japanese authorities," Kong added. The U.S. dollar index , which measures the greenback against six rivals, held firm at 104.12. The kiwi climbed as high as $0.6077 versus the U.S. dollar, its strongest since March 21, before flattening at $0.60595.

Persons: Carol Kong, Kong, Kazuo Ueda, Sterling, bitcoin Organizations: U.S, Reserve Bank of New, Commonwealth Bank of Australia, Bank of Japan, Reserve Bank of New Zealand, U.S ., Treasury, Traders, European Central Bank, ECB Locations: Yichang, Hubei province, Reserve Bank of New Zealand, U.S, China

☆ Boeing somehow managed to get itself into even bigger trouble
▼ + stars: | 2024-04-10 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

New York CNN —Boeing has achieved the unthinkable this week: It managed to fall even deeper into crisis. It ultimately approved the planes for shipments to airlines in March 2023 after becoming satisfied that Boeing had fixed the problem. Then, during the first weekend of 2024, part of an Alaska Airlines 737 Max blew off the side of the plane just after take-off, and Boeing has been in crisis mode ever since. In February, pilots on a United Airlines 737 Max reported that the flight controls jammed as the plane landed in Newark, New Jersey. The FAA is allowing the planes to continue flying and Boeing said the problem does not pose an immediate safety risk.

Persons: Sam Salehpour, Salehpour, McDonnell Douglas, Max, Boeing hasn’t, Dave Calhoun, Mike Whitaker, Whitaker, What’s, Boeing’s, Airlines, hasn’t Organizations: New, New York CNN, Boeing, US Federal Aviation Administration, FAA, New York Times, Alaska Airlines, National Transportation Safety Board, United Airlines, Airbus, Airlines Locations: New York, Newark , New Jersey

☆ Republican megadonor Jeff Yass, inner circle give millions to shape schools, courts
▼ + stars: | 2024-04-09 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The firm and the foundation are twin enterprises of Republican megadonor Jeff Yass, and a small group of allies. The foundation is run by Yass and other veteran Susquehanna executives, according to the documents that are current through 2022. The Susquehanna Foundation is one of two foundations that Yass and his closest friends have funded and led. The other foundation is even less well known: the Claws Foundation. Similar to Susquehanna, Claws is the charitable arm of one person: Arthur Dantchik, a co-founder of Susquehanna International Group with Yass, is the sole listed donor to Claws Foundation.

Persons: Jeff Yass, Arthur Dantchik, Dantchik, Brendan Fischer, Summer Lee, Donald Trump, Jeffrey Yass Organizations: Republican, Susquehanna Foundation, Susquehanna International Group, Susquehanna, Claws Foundation, Susquehanna International, Sterling Foundation Management, CNBC, Cato Institute, Institute for Justice, Supreme, Atlas Network, Competitive Enterprise, Competitive Enterprise Institute, Susquehanna Growth Equity Fund III, Moderate PAC, Democratic Rep, Politico, Democratic Locations: Yass, Bala Cynwyd, Pennsylvania, Susquehanna, Virginia, Dantchik, Washington, Pitchbook

☆ Yen feels the heat as U.S. Treasury yields climb
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +3 min

The greenback added 0.03% to 151.87 yen , holding near a 34-year high of 151.975 yen hit last month as Japanese officials continued to ramp up their jawboning efforts in a bid to defend the currency. The threat of intervention from Tokyo has kept the dollar from breaching the closely-watched 152 yen level, even as U.S. Treasury yields — which the dollar/yen pair tends to closely track — climb. Sterling tacked on 0.04% to $1.2658, while the euro steadied at $1.0860, holding near a two-week high. Despite a rise in U.S. Treasury yields the dollar has failed to draw meaningful support as traders reassess their expectations of the pace and scale of Federal Reserve rate cuts priced in by markets for later this year. That's come even as the two-year Treasury yield rose to an over four-month high of 4.8010% on Tuesday, while the benchmark 10-year yield likewise held near an over four-month peak and last stood at 4.4278%.

Persons: Shunichi Suzuki, Ryota Abe, Sterling, That's, It's, Ray Attrill Organizations: Treasury, Finance, SMBC, New Zealand, National Australia Bank Locations: U.S, Tokyo, United States

☆ Dollar steady ahead of jobs data; yen hits two-week high
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +3 min

The yen, while still close to the 152 range, hit a two-week high against the greenback as safe-haven bids and fresh warnings from Japanese authorities buoyed the currency. The dollar has had a turbulent week, falling from a five-month high to a two-week low after an unexpected slowdown in U.S. services growth supported expectations of bringing interest rates down. The dollar index , which measures the greenback against a basket of major currencies, was last largely unchanged at 104.18. Japanese Finance Minister Shunichi Suzuki on Friday reiterated the government's resolve to take appropriate action against sharp yen falls. The yen strengthened 0.29% versus the greenback to a two-week high of 150.92.

Persons: payrolls, Neel Kashkari, Jerome Powell, Charu Chanana, Joe Biden, Matt Simpson, Shunichi Suzuki, Kazuo Ueda, bitcoin Organizations: U.S, The U.S, greenback, Minneapolis Federal, Saxo, Biden, Finance, Bank of Japan, Asahi Locations: The, Minneapolis, Gaza, Iran

☆ Dollar takes a breather ahead of U.S. jobs data
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +3 min

European inflation came in softer-than-expected on Wednesday, reinforcing expectations for a European rate cut in June. "The speech broadly affirmed the Fed is on track to cut rates this year, with data determining the timing. The Australian dollar broke above its 200-day moving average as the U.S. dollar dipped overnight and was steady at $0.6568 on Thursday. The Aussie is at a five-month high on the New Zealand dollar with traders expecting New Zealand rate cuts beginning in August but Australian rates on hold until November. The New Zealand dollar rose 0.7% on the greenback overnight to regain a foothold above $0.60.

Persons: Jerome Powell, Sterling Organizations: Federal, Traders, ANZ, Australian, U.S, New Zealand, . U.S, Treasury, PMI, Central Bank Locations: Zealand, ., Europe

☆ Dollar steadies, yen pinned near 152
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: +4 min

The dollar was steady on Friday after data showed U.S. inflation remained sticky but easing gradually, keeping alive the chance of the Federal Reserve cutting rates in June, while the yen slid back to the key 150 per dollar level. The dollar was on the front foot on Wednesday, pinning the yen near its lowest in decades though the heightened threat of currency intervention by Tokyo capped further declines in the Japanese currency. The yen was last at 151.585 per dollar, languishing near last month's slump to 34-year lows of 151.975 in the wake of the Bank of Japan's historic policy shift. The dollar , which on Tuesday touched a nearly five-month high of 105.10 against a basket of currencies, was last steady at 104.76. "I think the dollar will hold up pretty well in the near term, and that will be a headwind for the other major currencies."

Persons: Morgan Stanley, Koichi Sugisaki, Sterling, Carol Kong, CBA's Organizations: Federal Reserve, Bank of, Ministry of Finance, U.S ., U.S, Commonwealth Bank of Australia, Traders, Fed, New Locations: Tokyo, Japan, U.S, CBA's Kong, New Zealand

☆ Dollar ascendant as Fed cut bets pared, jawboning props up yen
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest rate cut this year. The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest rate cut this year. The U.S. rate futures market now factors in 61.3% odds of a Fed rate cut in June, down from about 70.1% probability a week ago, according to the CME's FedWatch tool. The Japanese yen firmed slightly on Tuesday to 151.565 per dollar, after dipping to 151.77 the previous day. Japanese authorities intervened in 2022 when the yen slid toward a 32-year low of 152 to the dollar.

Persons: –, Richard Franulovich, Sterling, Shunichi Suzuki, Westpac's, skidding, cryptocurrency bitcoin Organizations: U.S, Federal, Treasury, Bank of Japan's Locations: U.S, Japan

☆ Dollar steady as PCE data sets up June rate cut bets; yen in focus
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: +3 min

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The report also showed consumer spending rising by the most in just over a year last month, underscoring the economy's resilience. The yen touched a 34-year low against the dollar of 151.975 on Wednesday and was last at 151.315 per dollar, a shade stronger, on Monday. In other currencies, the Australian dollar rose 0.21% to $0.654, while the New Zealand dollar was 0.20% higher at $0.599.

Persons: Jerome Powell, Sterling, Shunichi Suzuki, bitcoin Organizations: Federal, Commerce Department's, Reuters, Traders, Citi, Japan, Bank of Japan, Ministry of Finance, Financial Services Agency, New Zealand Locations: Japan

Tottenham moved to fourth place, level on points with Aston Villa, which hosted Wolves later. Palmer's brace at Stamford Bridge could help Chelsea only draw 2-2 with 10-man Burnley. Chelsea was wasteful in the first half and had a goal ruled out after 20 minutes. The Blues took the lead from the spot when Palmer scored with a Panenka kick, chipping the ball down the middle. In a spectacular game that was goalless at the break, Sheffield United and Fulham drew 3-3 after the host blew a 3-1 lead.

Persons: Son Heung, Tahith Chong, Issa Kabore, Timo Werner, Kabore, PALMER’S PANENKA, Cole Palmer, Palmer, Mykhailo Mudryk, Vincent Kompany fuming, Kompany, Lorenz Assignon, Josh Cullen volleyed, Raheem Sterling’s backheel, Dara O’Shea, Djordje Petrovic, James ’, Harvey Barnes, Lukasz Fabianski, “, ” Barnes, “ It’s, I’ve, Alexander Isak, Mohammed Kudus, Michail Antonio, Jarrod Bowen, Crystal Organizations: Tottenham, Luton, English Premier League, Aston Villa, Spurs, South, Wolves, Manchester City, Arsenal, Liverpool, Brighton, LETHARGIC SPURS Tottenham, PALMER’S PANENKA Chelsea, Premier League, Stamford, Chelsea, Burnley, Blues, Newcastle, West, Sheffield United, Fulham, Nottingham Forest Locations: South Korea, West Ham, St, London, Newcastle

☆ Dollar firm after Fed comments; yen under close watch
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +3 min

"There is no rush to cut the policy rate" right now, Waller said in a speech prepared for delivery before an Economic Club of New York gathering. The dollar index , a measure of the greenback against major peer currencies, ticked up in the wake of Waller's comments and last held mostly unchanged at 104.41. Traders await key U.S. core inflation figures due on Friday, following a bigger-than-expected jump in U.S. durable goods orders on Tuesday that has already boosted the dollar against the yen. The greenback reached 151.975 yen on Wednesday, its strongest against the yen since mid-1990. Japan intervened in the currency market three times in 2022, selling the dollar to buy yen, first in September and again in October as the yen slid towards a 32-year low of 152 to the dollar.

Persons: Christopher Waller, Waller, It's, Kyle Rodda, Rodda, Masato Kanda, Shunichi Suzuki, That's, Ray Attrill, Sterling, bitcoin Organizations: U.S, Federal Reserve, Federal, Economic, of New, Traders, Finance, National Australia Bank, Bank of Japan's Locations: of New York, Japan

☆ Investing legend Jeremy Grantham sounds the alarm on a stocks bubble, blasts bitcoin, and says the dollar's still king
▼ + stars: | 2024-03-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The stock market "shows every sign of being just as crazy" as it's ever been, the GMO cofounder and long-term investment strategist told the Insightful Investor podcast in a recent conversation. AdvertisementThe veteran investor underscored that prolonged bull markets typically begin when unemployment is high, profit margins are depressed, and stock valuations are beaten down. Current conditions are the polar opposite of that, putting stocks in "double jeopardy" as both profits and valuations may plunge, Grantham said. Related storiesThe stock market has staged big rallies during boom times a couple of times before, including in 1929 and 1999, but those "ended incredibly badly," he said. Grantham also tackled the topic of de-dollarization and whether the dollar might lose its status as the world's reserve currency.

Persons: —, Jeremy Grantham, Grantham Organizations: Service, Business, Kodak, Polaroid, greenback

☆ Dollar dips, yen draws support from Tokyo's jawboning
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +3 min

The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with their jawboning to defend the currency. The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with their jawboning to defend the currency. "But it's even tougher for the (dollar) to weaken when other central banks were sounding more dovish than a dovish Fed." The dollar index was last 0.02% lower at 104.20, while the euro rose 0.03% to $1.0840. "While they say that the fundamentals don't justify the price, the market's telling them something else," said IG's Sycamore.

Persons: he's, Tony Sycamore, Thierry Wizman, Shunichi Suzuki Organizations: New Zealand, Federal, IG, FX, Macquarie, Fed, Japanese Finance, Bank of Japan's Locations: U.S, Japan, United States, Sycamore

☆ Stuart Webber: Former soccer club official criticized for ‘lazy stereotyping’ of Black players
▼ + stars: | 2024-03-25 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

Webber’s comments came during an interview about his upcoming four-week expedition to climb Mount Everest for charity. Julian Finney/Getty ImagesCNN has attempted to contact Webber for comment. Webber and his wife Zoe are co-founders of the Summit Foundation, which works with other charitable organizations to create programs to help young people. According to the foundation’s website, one of its aims is to help break the poverty cycle through education. CNN has contacted Norwich City, which plays in the second tier of English soccer, for comment.

Persons: CNN —, ” Stuart Webber, – Jonny Rowe, Abu Kamara, Max Aarons, Jamal Lewis, Raheem Sterling –, Webber’s, ”, “, ” Raheem Sterling, Julian Finney, Webber, Zoe, we’ll, Kamara –, Norwich City –, Aarons, Amber, Lewis ’, Catrina, – Webber Organizations: CNN, Norwich City, England, Getty, Summit Foundation, League One, Portsmouth, Norwich City –, Huddersfield Town, Wolverhampton Wanderers, Queens Park Rangers, Liverpool, Wrexham Locations: England, Wales, Norwich, Iran, “

☆ Intervention threat curbs dollar's ascent towards new high on the yen
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +3 min

The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the threat of currency intervention from Japanese authorities prevented the greenback from heading further north. "Japanese officials' verbal intervention is making 152 a very strong near-term resistance for dollar/yen," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "Markets are fully aware of a potential actual FX intervention from authorities, so I think that's keeping dollar/yen from moving substantially higher. "I think there is still a high risk that they will come in to prop up the yen if dollar/yen were to surge materially perhaps to 155. The yuan has been pressured by growing market expectations of further monetary easing to prop up the world's second-largest economy.

Persons: Carol Kong, That's, BoE, Andrew Bailey, Chris Weston Organizations: Bank of Japan's, Commonwealth Bank of Australia, Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Sterling, Financial Times, ECB, New Zealand Locations: Japan, United States

☆ Kim Mulkey: LSU coach rips Washington Post over unpublished ‘hit piece’ and threatens legal action
▼ + stars: | 2024-03-24 | by ( Wayne Sterling | ) edition.cnn.com time to read: +2 min

CNN —Louisiana State University women’s basketball head coach Kim Mulkey ripped the Washington Post on Saturday over what she describes as a “hit piece” in which she has threatened legal action if published. “I’ve hired the best defamation law firm in the country, and I will sue the Washington Post if they publish a false story about me. A Washington Post spokesperson declined to comment on Mulkey’s remarks. “Former players have told me that the Washington Post has contacted them and offered to let them be anonymous in a story if they’ll say negative things about me. The Washington Post has called former disgruntled players to get negative quotes to include in their story.

Persons: Kim Mulkey, I’m, ” Mulkey, “ I’ve, ”, Mulkey, Brian Kelly, “ Organizations: CNN, Louisiana State University women’s, Washington Post, Division, LSU, Tigers, NCAA, Iowa Hawkeyes, of Fame, Baylor University, Tennessee State Blue Raiders Locations: Baton Rouge , Louisiana

☆ A Biden Judicial Nominee Is Facing an Islamophobic Smear Campaign. Why Is It Working? - The New York Times
▼ + stars: | 2024-03-19 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +1 min

On paper, President Biden’s nominee to fill a vacancy on the Third Circuit Court of Appeals is an archetypical candidate for a federal judgeship. Adeel Abdullah Mangi has a sterling legal education, which he followed with a distinguished career at a high-profile private firm mixing corporate litigation with important pro bono work. The candidate has another quality that was especially appealing to Biden, who has made diversifying the federal bench a key priority: Mangi would be the first Muslim American federal appellate judge in the United States. When Mangi appeared before the Senate Judiciary Committee in December for a hearing about this lifetime appointment, Republican senators did not ask him about his legal background or judicial philosophy. Such bad faith ambushes are Cruz’s stock in trade, especially since the Oct. 7 attack on Israel by Hamas.

Persons: Biden’s, Adeel Abdullah Mangi, Biden, Mangi, Ted Cruz of Organizations: Third, Appeals, Muslim, Republican Locations: United States, Ted Cruz of Texas, Mangi, Pakistani American, Palestine, Israel

☆ Yen holds nerve as BOJ decision looms; dollar resurgent
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +4 min

The yen was last little changed at 149.14 per dollar, while the Australian dollar fell 0.06% $0.6556. Against the euro, the yen steadied at 162.18, with the Japanese currency likewise little changed against the Aussie at 97.78. So BOJ's decisions generally are, as far as the yen is concerned, a matter of secondary importance," said Berry. "Holding policy rates steady and policy guidance broadly unchanged seems like a reasonably straightforward decision in the presence of high uncertainty," said Carl Ang, fixed income research analyst at MFS Investment Management. The New Zealand dollar was similarly pinned near Monday's two-week low and last bought $0.6079.

Persons: Gareth Berry, It's, they're, it's, Berry, Carl Ang, Sterling, —, Goldman Sachs, David Mericle Organizations: Bank of Japan, U.S, Reserve Bank of Australia, Aussie, Nikkei, Macquarie, Federal Reserve, MFS Investment Management, U.S ., New Zealand Locations: Bath, England, Asia, Japan, United States, Down, Australia, Monday's

☆ Dollar steady, yen soft as BOJ policy shift beckons
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person is seen holding 100, 50, and 5 U.S. dollar bills in his hand. Tom Kenny, senior international economist at ANZ, said an end to negative interest rate policy is likely to reflect a 10-basis-point hike taking the current policy rate from -0.1% to 0.0%. "We expect this to be a dovish hike with the BOJ unlikely to signal its intention to hike again soon." The focus has shifted to whether the policymakers will make any changes to their projections of rate cuts, or dot plots for this year. The Fed in December projected 75 basis points, or three rate cuts, of easing in 2024.

Persons: Kazuo Ueda, Tom Kenny, Powell, bitcoin Organizations: U.S, Bank of Japan, Federal Reserve, ANZ, Beyond, Reuters, New Zealand, Bank of England, Fed, NatWest Locations: Japan, United States, England, Australia, Norway, Switzerland, Mexico, Brazil, Indonesia, Asia, Beyond Japan, Australia's, U.S, cryptocurrencies

☆ I quit my corporate job after it felt like nobody was talking about police shootings of Black men. Now I run a nonprofit working to end police violence.
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

This as-told-to essay is based on a conversation with Tansy McNulty, the founder of 1 Million Madly Motivated Moms, or 1M4. McNulty left the corporate world to start 1M4 to end police violence by 2038. As I was bringing this Black child — a Black boy — into the world, I wanted to create a safer future for him. So I took those skills I learned in corporate America, and I applied them to what I do now with 1 Million Madly Motivated Moms, or 1M4. We don't tell the families what accountability looks like.

Persons: Tansy McNulty, McNulty, Ronnie Shumpert, Alton Sterling, —, it's, Jamarion Robinson, Terrence Richardson, Ferrone Claiborne, Atatiana Jefferson, Isaiah Williams, James Williams, Marlon Howell, we're Organizations: Service, Business Locations: Philando Castile, America, Atlanta, Waverly , Virginia, Fort Worth , Texas, Las Vegas, Ohio, Mississippi, Hill, Virginia

☆ Dollar advances as U.S. inflation data weighs on rates outlook
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: +3 min

The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. Data on Thursday showed the U.S. producer price index for final demand rose 0.6% in February above the 0.3% rise economists had forecast. The dollar index , which measures the U.S. currency against six rivals, was 0.058% higher at 103.44, after rising 0.55% on Thursday. In other currencies, the Australian dollar fell 0.18% to $0.657, while the New Zealand dollar fell 0.39% to $0.611.

Persons: Jerome Powell, Ryan Brandham, Carol Kong, bitcoin Organizations: Federal Reserve, Risk, Traders, Bank of, Commonwealth Bank of Australia, New Zealand Locations: U.S, North America

☆ Currency market subdued ahead of fresh U.S. economic data
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: +3 min

The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. With the Fed widely expected to hold rates steady at its meeting next week, attention will be on the bank's updated economic projections. The dollar index , which measures the greenback against a basket of six currencies, was mostly flat at 102.77. Sources told Reuters that Japan's central bank will debate ending negative rates next week if big firms' wage talks yield strong results. Elsewhere, the euro was holding steady against the dollar at $1.0949, ahead of remarks by several European Central Bank officials on Thursday.

Persons: Kyle Rodda, Jerome Powell, Sterling, bitcoin Organizations: U.S, Federal Reserve, Fed, U.S ., PPI, Bank, Reuters, European Central Bank Locations: Buenos Aires, Argentina, U.S

Another threat to election officialsAt least four swatting incidents have been aimed at the homes of senior officials who oversee or work to secure elections since December. Separately, a Department of Justice taskforce launched in 2021 has reviewed more than 2,000 allegations of hostility, harassment, abuse, or threats to election officials and staffers, a department spokesperson said. Swatting was featured in a tabletop exercise for election officials in New Jersey last month, a spokesperson for the secretary of state told CNN. Such incidents have prompted The Elections Group, a consulting group led by former election officials, to begin sharing resources on swatting with election workers and incorporating the topic into trainings. A wave of election officials have departed their roles since November 2020, when false claims of a stolen election proliferated.

Persons: Jay Ashcroft, ” Ashcroft, State Jay Ashcroft, Kacen Bayless, ”, Ashcroft, Gabriel Sterling, “, we’ll, Sterling, Justin Bieber, Ashton Kutcher, swatting, ” Jennifer Doebler, Alan Winston Filion, Filion “, Filion, Jennifer Doebler, Lauren R, Shapiro, Republican Sen, Rick Scott of, Scott’s, Sen, Rick Scott swatting, “ Sir, there’s, “ It’s, Swatting, State Shenna Bellows, Bellows, Donald Trump, Trump, Ashcroft’s, Joe Biden, Tina Barton, ” Barton Organizations: CNN, Missouri’s, Republican, State, Kansas City Star, TNS, Getty, FBI, of Justice, Local, Sandy, John Jay College of Criminal, swatting, ”, Naples Police, “, Trump, Elections, Commission Locations: Jefferson City , Missouri, Missouri, Maine , Georgia, Virginia, Sterling, Britain, Sandy Springs, Kansas, Tennessee, California, Rick Scott of Florida, Naples , Florida, Naples, New Jersey, Georgia, Maine

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