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Bowman, Lee, Omar and Tlaib also were among the 17 sponsors of Bush’s resolution asking the Biden administration to call for a ceasefire. Challenges to Bush and the others were possible even before the Hamas attack on Oct. 7 or Israel’s subsequent attack on Hamas in the Gaza Strip. It is unfortunate, Andrabi said, that the House Democratic leadership has not taken a stronger stance against AIPAC’s efforts to knock off rank-and-file Democrats. It remains unclear whether House Democrats will help incumbents fend off primary challengers through campaign fundraising arms. Before Oct. 7, House Democratic Leader Hakeem Jeffries, D-N.Y., issued statements of support for Omar and others, saying he will support the reelection of every House Democratic incumbent, regardless of ideology.

Persons: Cori Bush, Israel, Wesley Bell, Bush, Bush isn’t, Israel —, Bell, Summer Lee, Jamaal Bowman, Ilhan Omar, Rashida, Israel's staunchest, Omar, Bowman, Thanedar, Lee, Tlaib, Gaza . Bowman, Biden, Omar —, “, Democrats ’, Usamah Andrabi, Andrabi, Hakeem Jeffries, ” Tlaib, Israel Democrats ” —, Thanedar —, Detroit —, Sen, Adam Hollier —, Reconstructionists, ”, Daniel Fellman, Lee isn’t, ” Lee, Bhavini Patel, Lee doesn’t, Don Samuels, George Floyd, George Latimer, Latimer, Bush —, —, Darryl Gray, Louis, ” ___ Levy, Steve Karnowski, Joey Cappelletti, Anthony Izaguirre Organizations: LOUIS, Hamas, The Missouri Democrat, U.S, Senate, Democratic, Democrats, Israel, Democratic Party, Justice Democrats, American Israel Public Affairs Committee, “ Democratic, ”, House Democratic, Democratic Congressional, Palestinian American, Israel Democrats, Tlaib, Detroit, Conservative, Somali American, Westchester Locations: Israel, The Missouri, St, Louis, Pennsylvania, New York, Minnesota, Michigan, Detroit, Gaza ., Gaza, D, Detroit House, Dearborn, Southfield, Hollier, In Pittsburgh, Pittsburgh’s Temple, Minneapolis, Somali, Westchester County, Missouri, Iran, Harrisburg , Pennsylvania, Lansing , Michigan, Albany , New York

☆ Fed buzz: words to watch for as the Fed sets rates
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +5 min

Here are a few words and phrases to watch for in the Fed's post-meeting statement on Wednesday and in Fed Chair Jerome Powell's news conference, and what they might suggest for the future path of interest rates. Any change to that phrase could signal Fed policymakers feel they are closer than before to reaching a sufficiently restrictive stance of monetary policy. Reuters GraphicsPROCEED CAREFULLYIn his news conference following the Fed's September decision to hold the policy rate steady, Powell said the Fed would proceed or move "carefully" 11 separate times. The adverb is meant to convey a central bank no longer barreling ahead with ever-tighter policy, as it did last year when it drove the policy rate up in chunks of as much as 75-basis-points at a time. A few of Powell's colleagues have said those risks have recently become roughly balanced; Powell has not.

Persons: Jerome Powell, Brendan McDermid, Jerome, Powell, Ann Saphir, Andrea Ricci Organizations: Economic, of New, REUTERS, Federal Reserve, Reuters Graphics, Powell, Reuters, Thomson Locations: of New York, New York City, U.S

☆ 'Steve Jobs' biographer Walter Isaacson says Apple will be the company 'most hurt' if economic tensions between US and China escalate
▼ + stars: | 2023-10-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

As some US companies cut back on their dependence on China, Apple could be hardest hit, says Steve Jobs' biographer. Walter Isaacson told "Squawk Box" that "it'll be hardest" for Apple to decrease reliance on China. AdvertisementAdvertisementAs more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate. "Most companies are trying to decrease their dependence on China, but it'll be the hardest for Apple to do that." More than 95% of iPhones, Macs, AirPods, and iPads are made in China, according to the Financial Times.

Persons: Steve Jobs, Walter Isaacson, Tim Cook, —, Elon Musk, CNBC's, Apple, Isaacson, it'll, we've, Wang Wentao, Terry Gou Organizations: Apple, Service, Tesla, Bloomberg, Counterpoint Research, YouTube, Wall Street, Financial Times Locations: China, Beijing, Chengdu, Taiwan

☆ Two key indicators with with spooky significance
▼ + stars: | 2023-10-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

As in 5% yield on the 10-year T-bill, and 8% interest on the 30-year fixed rate mortgage. The 10-year Treasury yield, which goes up as prices fall, is flirting with 5% for the first time since 2007 (that’s ominous comparison No. The 30-year fixed rate mortgage is barreling toward 8% — a level not seen since the dot-com bubble popped in 2000. Because:In addition to painfully high interest rates, prices on the homes themselves have soared. “Unfortunately, the upward shift in Treasury yields this week will likely make returning to ‘normal’ an even more challenging target to hit,” Walden said.

Persons: CNN Business ’, Nicole Goodkind, Sellers don’t, Anna Bahney, Andy Walden, ” Walden, ”, Jerome Powell, you’ll Organizations: CNN Business, New York CNN, econ, Treasury, US Treasury, ICE Mortgage Technology, ICE Locations: New York, Econ

☆ The real science behind the mysterious 'Devil Comet' that's larger than Mount Everest and erupting for reasons scientists don't fully understand
▼ + stars: | 2023-10-21 | by ( Jessica Orwig | Charles R. Davis | ) www.businessinsider.com time to read: +4 min

It is larger than typical comets and has been dubbed the "Devil Comet" for appearing to have horns. We know it's rare," a researcher told Insider. We know it's rare," Kareta told Insider. When this happens, "the comet brightens really rapidly and then sort of fades back to the brightness it had before," he said. "And in Pons-Brooks, these are really, really bright — really, really large outbursts.

Persons: Pons, Brooks, —, Teddy Kareta, Kareta, it's Organizations: Service, Everest, Lowell Locations: —, Flagstaff , Arizona, Pons

Political Cartoons View All 1211 ImagesThe futures for the S&P 500 and Dow industrials were up less than 0.1%. On Monday on Wall Street, the S&P 500 climbed 1.1% for its best day since the Oct. 7 surprise attack on Israel by Hamas. Financial markets have a history of weakening initially after a geopolitical shock, such as a war, only to revert to longer-term fundamentals. FactSet estimates that earnings per share at S&P 500 companies likely rose 0.4% in the last quarter from a year earlier. Shares of Lululemon jumped 10.3% in their first trading session after S&P Dow Jones Indices said the apparel company will join its widely tracked S&P 500 index.

Persons: Germany's DAX, Dow industrials, Antony, Blinken, ” Robert Carnell, Nicholas Mapa, Brent, ”, Mark Hackett, Johnson, Tesla, Charles Schwab, Dow Organizations: CAC, Nikkei, Hamas, Dow, Nasdaq, ING Economics, New York Mercantile Exchange, Treasury, Financial, Nationwide, Bank of America, Federal Reserve, Dow Jones, Activision Blizzard, Microsoft, U.S Locations: BANGKOK, East, Paris, Asia, Hong Kong, Shanghai, Australia, Thailand, Israel, Gaza, Lebanon, Iran

☆ Analysis: The affirmative action battle shifts to a new front
▼ + stars: | 2023-10-12 | by ( John Blake | ) edition.cnn.com time to read: +7 min

The lawsuits against the US Navy and West Point suggest that opponents of affirmative action are serious about eliminating any policy of diversity based on race. It’s not surprising that the US Armed Forces have drawn criticism from affirmative action foes. As the country heads into the presidential election year, more lawsuits invoking the Voting Rights Act are expected to follow. Many Black workers historically used auto jobs to build careers, but advancement opportunities have diminished since the early aughts. “But the decline in US auto jobs and the erosion of unions have hit Black workers hardest,” he wrote.

Persons: CNN —, “, ” SFFA, It’s, Henry C, Harris , Jr, Rogers H, Beardon, Frank Frederick Doughton, Elmer B, Edward Blum, Blum, Alabama’s, —, Blum —, Holder, Shelby, you’ve, CNN’s Nathaniel Meyersohn, Evelyn Hockstein, Reuters Meyersohn, ”, John Blake Organizations: CNN, US Naval Academy, Harvard, University of North, Fair, US Military Academy, West, US Navy, US Armed Forces, Defense Department, Black US Army, Military, Fort, US Supreme, Republican, Alabama’s GOP, UAW, United Auto Workers, Detroit’s Big, Reuters Locations: University of North Carolina, America, Fort Benning, Georgia, Alabama, Florida , Louisiana, County, Detroit, Belleville , Michigan

☆ Black UAW workers won progress in America's auto industry. They are on strike for its future
▼ + stars: | 2023-10-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.

Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, ”, Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, “, ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, —, James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers

☆ Investors are having a 'panic attack' about the bond market
▼ + stars: | 2023-10-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

But interest rates are unlikely to stay this high for long, according to Fundstrat's Tom Lee. AdvertisementAdvertisementThe Federal Reserve has sowed panic among investors and that's led to the latest bout of dysfunction in the bond market, Wall Street experts say. But according to some market experts, the selloff is largely fueled by feelings of panic in the market rather than fundamentals. "Coming out of the last FOMC meeting two weeks ago, I think that's really when the bond market broke down," Michele added. AdvertisementAdvertisement"This is clearly a panic attack," market veteran Komal Sri-Kumar said to CNBC on the selloff in bonds.

Persons: Treasurys, Tom Lee, —, that's, Jerome Powell, It's, Powell, Bob Michele, Michele, Komal, Kumar, it's, there's, Lee Organizations: Service, Wall, Treasury, Asset, CNBC Locations: Silicon, Spain, Germany

☆ Sen. Bob Menendez's wife Nadine Arslanian's fatal crash in Bogota, New Jersey, seen in newly-released video
▼ + stars: | 2023-10-04 | by ( Erin Snodgrass | Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Footage obtained by News 12 New Jersey shows the fatal crash involving Nadine Arslanian and a pedestrian. Arslanian, who is now married to Sen. Bob Menendez of New Jersey, was not charged in the incident. AdvertisementAdvertisementNewly released footage shows the moment Sen. Bob Menendez's now-wife Nadine Arslanian fatally hit a pedestrian in her Mercedes-Benz on a New Jersey street in December 2018. JUST IN: News 12 New Jersey has obtained security video from a 2018 incident where Sen. Menendez's wife Nadine Arslanian struck and killed a pedestrian. The security footage shows a car barreling into a person who appears to be standing in the street.

Persons: Nadine Arslanian, Sen, Bob Menendez, —, Bob Menendez's, Menendez's, VoyQH7weel, Arslanian, Menendez, Richard Koop Organizations: Bob Menendez of New, Service, Mercedes, Benz, New, Bogota Police Department, Prosecutors Locations: Jersey, Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Bogota, Bergen County , New Jersey

☆ What happens if the government shuts down: An illustrated guide
▼ + stars: | 2023-09-29 | by ( Amy O'Kruk | Tami Luhby | ) edition.cnn.com time to read: +4 min

A government shutdown happens when Congress doesn’t approve funding for the federal government by the time the new fiscal year starts on October 1. What it means for youBecause many federal workers are off the job during a government shutdown, many services are stopped or slowed, disturbing the day-to-day life for many Americans. What it means for government workersWhen a shutdown occurs, millions of federal employees and military service members do not get paid until it ends. During the last government shutdown in 2018-19, an estimated 420,000 federal employees worked without pay and another 380,000 were furloughed. Unlike federal workers, contractors have no guarantee of getting back pay once the government reopens.

Persons: wasn’t Organizations: CNN —, Social, Postal Service, Employees, NASA, Department of Homeland Security, Federal Aviation Administration, EY, of Labor Statistics, Federal Reserve, Small Business Administration, Securities and Exchange Commission, SEC

☆ A government shutdown isn’t good for Republicans like me
▼ + stars: | 2023-09-29 | by ( Anna Lee | Opinion Mike Lawler | ) edition.cnn.com time to read: +6 min

Reckless spending and radical policies created near-record inflation, soaring grocery bills, rising energy costs and skyrocketing interest and mortgage rates. That’s why we are barreling toward a shutdown rather than agreeing on a spending package to keep the federal government working. Worse, they seemingly live in an alternate reality where Republicans control the White House and the US Senate as well as the House of Representatives. My constituents sent me here to represent their interests, and let me tell you, no one wins in a government shutdown. Bipartisanship isn’t a sign of weakness, and it isn’t something to be derided; it’s a sign of a functional democracy.

Persons: Mike Lawler, Michael V, Bidenomics ”, Biden, Newsflash, Matt Gaetz, –, Kevin McCarthy, Let’s Organizations: New, Congressional, Financial Services, House Foreign Affairs, SALT Caucus, Caucus, Scenic Trails Caucus, Moldova Caucus, CNN, Lawler, Republican Conference, Republican, GOP, White, Senate, Representatives, Biden, New York Locations: United States, Washington, New York, Florida, New, New York’s

CNN —With only three days to go before government funding expires, Congress is barreling toward a shutdown with the House and Senate at an impasse over a path forward. The White House is sounding alarms about massive disruptions to air travel as tens of thousands of air traffic controllers and Transportation Security Administration personnel work without pay. The White House has warned that a shutdown could risk “significant delays for travelers” across the country. The White House has also warned of impacts to national security, including the 1.3 million active-duty troops who would not get paid during a shutdown. The House is expected to vote on a GOP stopgap bill on Friday, though nothing has been scheduled as of yet.

Persons: Kevin McCarthy, it’s, Mitch McConnell, GOP Sen, Rand Paul of Organizations: CNN, House, Senate, GOP, Democratic, Republicans, US Border Patrol, Transportation Security Administration, TSA Locations: Ukraine, Rand Paul of Kentucky

☆ Bitcoin miners beef up Texas operations ahead of extinction-level event, exclusive data shows
▼ + stars: | 2023-09-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Bitcoin miners are barreling toward the "halving" — a major market-making event that some fear will be a death knell to many in the industry. "We're taking a long-term bet on bitcoin and on the fact that bitcoin mining will survive and will bounce back even stronger." Texas has grown to dominate bitcoin mining partly because of support from local authorities and the operator of the Texas energy grid, ERCOT. Even during the bear market, Texas miners are building out, buying new sites and fresh fleets of hardware. The mining company was spun off from Chinese bitcoin mining giant Bitmain and went public via SPAC earlier this year.

Persons: Kevin Zhang, Jihan Wu, Bitmain, Kevin Zhang Crypto, He's, China — he's, Zhang, bitcoin, Barry Silbert's, Foundry's, —, Chad Harris, ERCOT, Nic Carter, Shaun Connell, Brad Jones, Brandon Arvanaghi, Jason Les, Navarro, Les, hashrate, Morgan, Bitdeer Organizations: Foundry, Mining, CNBC, U.S, Riot, Cipher Mining, Georgia, Securities Exchange Commission, JPMorgan Chase Locations: Sweden, Republic of Georgia, China, America, Beijing, Shenzhen, Montana, North America, Texas, Wyoming, New York, United States, U.S, . Texas, Castle, Rockdale, Austin, Milam, Odessa , Texas, Minden , Nebraska, , Texas, New Hampshire, Pennsylvania, Nebraska, North Carolina , Kentucky , Oklahoma, Washington

☆ US shutdown looms: Top House Republican Kevin McCarthy faces crucial test
▼ + stars: | 2023-09-18 | by ( David Morgan | ) www.reuters.com time to read: +6 min

U.S. House Speaker Kevin McCarthy (R-CA) addresses the 5th annual Congressional Hackathon on Capitol Hill in Washington, U.S., September 14, 2023. But hardline activism on spending, policy and impeachment have split Republicans in the House and slowed the Senate's path forward on approving bipartisan spending legislation. House Democratic leader Hakeem Jeffries warned on Sunday that the situation amounts to a Republican "civil war." Unless the House can move forward on spending, Republican leaders say privately that they could be forced to move directly into negotiations with Senate Democrats on appropriations bills, circumventing hardliners. Other House Republicans fear that McCarthy's decision to open an impeachment inquiry of Biden could make it harder to gain cooperation on spending from Democrats.

Persons: Kevin McCarthy, Evelyn Hockstein, Joe Biden, brinkmanship, Fitch, Hakeem Jeffries, Tommy Tuberville, McCarthy, Biden, who's, Chip Roy, Patrick McHenry, Ralph Norman, Ken Buck, David Morgan, Richard Cowan, Scott Malone, Sandra Maler Organizations: REUTERS, Rights, ., Republican, U.S . Congress, Democratic, Senate, AAA, California Republican, Fox News, Department of Defense, House Republicans, White, Defense Department, Department of Veterans Affairs, Caucus, Moderate, Biden, Republicans, Washington Post, Thomson Locations: Washington , U.S, California

The White House is confronted by an autoworkers’ strike that Biden himself had predicted two weeks ago wouldn’t happen. White House tries to compartmentalizeAll presidents find themselves weathering tough stretches. Biden’s White House has sought to compartmentalize its response to McCarthy’s impeachment inquiry, walling it off from the ongoing work of the administration. On one side: President Biden, who is focused on delivering for the American people. “Being the son or daughter or granddaughter of a senator, a vice president, a president … everybody thinks it’s a great thing.

Persons: Joe Biden, Biden, –, Julie Su, Gene Sperling –, ”, Su, Sperling, Debbie Dingell, Gene Sperling, they’ve, We’ve, Shawn Fain, Kevin McCarthy, Hunter Biden, headwinds, he’s, David Weiss, Weiss, Volodymyr Zelensky, Jake Sullivan, “, Sullivan, “ That’s, ” Biden, I’ve, Donald Trump, Biden’s, walling, …, it’s Organizations: CNN, Labor, White House, Detroit “, United Auto Workers, Big Three, – Ford, General Motors, Democratic, CBS, United Nations General Assembly, UN, Republicans, Metropolitan Museum of Art, Broadway, Republican, New, White Locations: New York City, Detroit, Michigan, New York, California, Washington , DC, Washington, Northern Virginia

☆ Hurricane Lee path: Vast stretches of coastal New England face hurricane and tropical storm watches ahead of storm's arrival
▼ + stars: | 2023-09-14 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +3 min

“Hurricane conditions, heavy rainfall, and coastal flooding are possible in portions of eastern Maine on Saturday,” the National Hurricane Center said. The area is under a hurricane watch, as is parts of New Brunswick and Nova Scotia. A tropical storm watch has also been issued for large swaths of coastal New England, including Nantucket and Martha’s Vineyard, Massachusetts. ET Thursday and was churning with maximum sustained winds of up to 100 mph, according to a hurricane center advisory. The storm is on track to sweep past Bermuda to its west Thursday, prompting an island-wide tropical storm warning.

Persons: Lee, Lee doesn’t, Josh Rannenberg, ” Rannenberg, CNN’s “ Erin Burnett Organizations: CNN, National Hurricane Center, National Oceanic, Atmospheric Administration Locations: New England, barreling, Maine, Atlantic Canada, Atlantic, New Brunswick, Nova Scotia, Massachusetts, Cape Cod, Nantucket, Vineyard , Massachusetts, Bermuda, New Hampshire, Rhode

☆ US economy will 'hit a wall' by the spring – and inflation could spike again, warns 'bond king' Jeffrey Gundlach
▼ + stars: | 2023-09-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The US economy is likely to "hit a wall" by next spring, Jeffrey Gundlach warned. The government may try to spend its way out of trouble, reigniting inflation, Gundlach said. They now face a "dangerous cocktail" of inflated living costs, steeper rents, larger interest payments on their credit cards, the resumption of student-loan repayments, and taxes coming due, he continued. Gundlach — whose nickname is the "bond king" — predicted the plethora of financial pressures would tank the economy. He emphasized that the government's interest payments are already exploding, and warned they could grow substantially in the coming years.

Persons: Jeffrey Gundlach, Gundlach, — Organizations: DoubleLine, Service, Fox Business, DoubleLine Capital, Federal Reserve Locations: Wall, Silicon

☆ Economist David Rosenberg says a recession will hit in 6 months. Here are his 7 best quotes from a new interview.
▼ + stars: | 2023-09-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Top economist David Rosenberg expects a US recession to hit within 6 months. The Fed's 11 interest rate hikes amount to one of the most aggressive tightening campaigns ever, and to the economist, that doesn't bode well for the coming months. "We've had the biggest interest rate shock since 1981, if I'm not mistaken. "Most of these recessions [since World War II] were not caused by a fiscal shock, but interest rate shocks. "We've had a massive interest rate shock, we haven't seen the full impact yet.

Persons: David Rosenberg, Blockworks, Blockwork's Jack Farley, doesn't bode, We've, I'm, impact's, we're, it's Organizations: Morning, Rosenberg Research, Associates, Fed Locations: China, Federal, happenstance

☆ US Atlantic hurricane activity picks up with five systems on watch
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

Aug 20 (Reuters) - Tropical Storm Franklin over the eastern Caribbean and a disturbance in the Gulf of Mexico are expected to strengthen over the next two days as U.S. forecasters monitor three other weather systems in the Atlantic. In its latest advisory, the NHC said Tropical Depression Six, near the Leeward Islands was expected to become a remnant low on Sunday night. Next in line is Tropical Storm Emily in the central Atlantic, which could become a post-tropical cyclone in about 36 hours, the Miami-based forecaster said. Meanwhile, a tropical disturbance near the Cape Verde Islands has a 30% chance of becoming a cyclone over the next two days and a tropical depression is likely to form later this week. While the Atlantic has seen relatively mild activity this year, on the U.S. West Coast, the Tropical Storm Hilary unleashed furious flash floods east and west of Los Angeles on Sunday after barreling through Mexico's Baja California peninsula with deadly force.

Persons: Storm Franklin, Emily, Storm Hilary, Swati Verma, Robert Birsel Organizations: Storm, Atlantic . Franklin, U.S, National Hurricane Center, U.S ., Thomson Locations: Caribbean, Gulf, Mexico, Atlantic, Hispaniola, Puerto Rico, Leeward, Miami, Cape Verde, U.S . West Coast, Los Angeles, Mexico's Baja California, Bengaluru

Mexico warned the western state of Baja California on Saturday to brace for what could be life-threatening rain and floods from Hurricane Hilary, the Pacific storm barreling toward the peninsula and neighboring Southern California. State and federal authorities urged citizens to take precautions ahead of the storm, which was expected to make landfall early Sunday. Although Hilary weakened somewhat on Saturday, officials warned it remained lethally destructive. More than 6,500 soldiers were deployed Friday to the states of Baja California and Baja California Sur to help erect shelters, organize food banks and prepare for possible emergency rescues. Libia González, a meteorologist with Mexico’s national forecasting service, said that the storm would gradually decrease in strength and was expected to become a Category 1 by Sunday morning.

Persons: Hurricane Hilary, Hilary, Libia Organizations: Southern California ., Sunday Locations: Mexico, Baja California, Hurricane, Southern California, Southern California . State, Baja California Sur

☆ Hurricane Hilary to trigger floods in Baja California peninsula, southwestern US - NHC
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +3 min

[1/5] Caution tapes prevent the passage at El Medano beach, as Hurricane Hilary hits Mexico's Baja California peninsula, in Cabo San Lucas, Mexico August 19, 2023. REUTERS/Monserrat Zavala Acquire Licensing RightsMEXICO CITY, Aug 19 (Reuters) - Hurricane Hilary was barreling towards Mexico's Baja California peninsula on Saturday, a U.S. government agency said, warning that catastrophic and life-threatening flooding was likely on the peninsula and U.S. Southwest. The National Hurricane Center (NHC) said the hurricane was weakening on its path to the west-central coast of the peninsula this evening. It predicted it would lose more strength and turn into a tropical storm as it heads towards southern California during the day and evening on Sunday. In Mexico's Baja California peninsula, some school and other non-essential activities were canceled through Monday, and authorities in Mexico's second-largest city, Tijuana, urged people in high-risk zones to move to temporary shelters.

Persons: Hilary, Monserrat Zavala, Joe Biden, Drazen Jorgic, Steve Holland, Michael Martina, Cynthia Osterman, Deepa Babington Organizations: REUTERS, MEXICO CITY, Mexico's, Southwest, National Hurricane Center, NHC, San Diego International, Major League Baseball's, Dodgers, Angels, Los Angeles FC, LA Galaxy, Thomson Locations: El, Baja California, Cabo San Lucas, Mexico, MEXICO, Mexico's Baja California, U.S, United States, California, Miami, Nevada, Mexico's, Tijuana, Southwest . U.S, Major League Baseball's Los Angeles

☆ Virgin Galactic to launch first tourism mission after decades of promises
▼ + stars: | 2023-08-10 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Virgin Galactic — the space tourism company founded by British billionaire Richard Branson — is finally prepared to launch its first space tourists to the edge of the cosmos, a major step toward delivering on decades of promises. Meet the crewThis mission comes on the heels of the success of Virgin Galactic’s first commercial mission, which launched in June. Goodwin was one of the earliest ticket holders on Virgin Galactic, which opened its first sales more than a decade ago. Virgin Galactic has sold about 800 tickets, including 600 at prices up to $250,000 and another couple hundred at $450,000 per ticket. In the lead-up to 2023, Virgin Galactic had been undergoing a lengthy “enhancement” process to upgrade its flight hardware.

Persons: Richard Branson —, Keisha Schahaff, Anastatia Mayers, Jon Goodwin, Goodwin, Virgin Galactic’s, Jeff Bezos, Galactic Schahaff, Mayers, “, ” Schahaff, Oliver Daemen, Bezos, don’t, ”, John McFall, What’s, Michael Colglazier, Virgin Galactic, Colglazier Organizations: CNN, Virgin Galactic, VSS Unity, Virgin, VSS, Galactic, Space, Humanity, University of Aberdeen, Blue, European Space Agency Locations: British, New Mexico, Antigua, American, Caribbean, Scotland

☆ Watch out: September's poor market track record is getting worse — especially for certain stocks
▼ + stars: | 2023-08-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street is barreling toward what's historically been the worst month for stocks, according to CNBC PRO data. September is the weakest month for Apple, which dropped 2.82% on average, and Google-parent Alphabet, which fell an average 2.20%. For Amazon, September is the 11th weakest month, dropping 2.59%. And for Meta, it's the 10th worst month, as shares fall 1.96% on average. Meanwhile, September is historically the 9th worst month for this year's biggest AI beneficiary Nvidia, which is higher this year by nearly 200%.

Persons: Jeff Hirsch, it's, Almanac's Hirsch, Hirsch, Chris Hayes Organizations: CNBC, Nasdaq, that's, Apple, Google, Amazon, Meta, Nvidia Locations: That's

☆ A severe recession is on the horizon - and the Fed will axe interest rates to limit the fallout, DoubleLine's chief investor says
▼ + stars: | 2023-07-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

The US economy is barreling toward a serious recession, DoubleLine Capital's Jeffrey Sherman says. Sherman predicts an embattled Fed will cut interest rates by a whole percentage point in response. "A multitude of economic indicators we look at are flashing either warning or recessionary signals," Jeffrey Sherman told Bloomberg. "The bond market is telling the Fed that they've overtightened and they will have to cut rates," Sherman said. "I think one signal to watch now is the rising default rate within the loan market," Sherman noted.

Persons: DoubleLine Capital's Jeffrey Sherman, Sherman, Jeffrey Gundlach, DoubleLine, Jeffrey Sherman, He's Organizations: Service, Federal Reserve, Bloomberg, Fed Locations: Wall, Silicon

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