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Jerome H. Powell, the Federal Reserve chair, reiterated that policymakers were poised to hold interest rates steady at a high level as they waited for evidence that inflation is slowing further. Fed officials entered 2024 expecting to make interest rate cuts, having lifted borrowing costs sharply to a more than two-decade high of 5.3 percent between 2022 and the middle of last year. Speaking during a panel discussion in Amsterdam, Mr. Powell said that officials had been surprised by recent inflation readings. The Consumer Price Index inflation measure, which is set for release on Wednesday, came down rapidly in 2023 but has gotten stuck above 3 percent this year. The Fed’s preferred measure, the Personal Consumption Expenditures index, is slightly cooler, but it, too, remains well above the Fed’s 2 percent inflation goal.
Persons: Jerome H, Powell Organizations: Federal Reserve, Fed, Mr Locations: Amsterdam
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. But these [inflation readings] were higher than I think anybody expected," Powell said. While he expects inflation to come down through the year, he noted that hasn't happened so far. "I do think it's really a question of keeping policy at the current rate for longer than had been thought," he said. "I think it's more likely that we'll be at a place where we hold the policy rate where it is."
Persons: Jerome Powell, Janet Yellen, Powell Organizations: Treasury Department, Federal, Foreign Bankers ' Association in Locations: Washington , DC, Foreign Bankers ' Association in Amsterdam
Tuesday’s wholesale inflation data, which jumped to its highest rate in a year, certainly wasn’t a source of comfort. “I wouldn’t call it hot, I would call it sort of mixed,” Powell said Tuesday, referring to the new wholesale inflation data. Federal Reserve Chair Jerome Powell (center) spoke Tuesday at an event hosted by the Foreign Bankers' Association alongside European Central Bank Governing Council member Klaas Knot. Another troubling sign for US central bankers is consumers’ belief that inflation will move higher in the year ahead, according to two surveys Fed officials monitor closely. That can lead to higher prices.
Persons: Jerome Powell, Powell, Price, ” Powell, , Klaas, Michelle Bowman Organizations: New, New York CNN, Foreign Bankers ’ Association, European Central Bank Governing, Federal, Foreign Bankers, Association alongside European Central Bank Governing, Foreign Bankers Amsterdam, Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed chair Powell: Confidence in inflation moving back down not as high as it wasFederal Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.
Persons: Powell, Jerome Powell Organizations: Foreign Bankers ' Association in Locations: Foreign Bankers ' Association in Amsterdam
Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam. Policymakers remain concerned that inflation is not showing enough evidence that it is moving toward the Fed's 2% annual target. Recent data points have shown prices both at the consumer and wholesale levels running hotter than expected while consumer sentiment also has shown elevated expectations over the short term. Markets still expect the Fed to lower rates later this year, and Powell said following the FOMC meeting that he thinks it unlikely that rates will increase from here.
Persons: Jerome Powell, Powell, Read Organizations: Foreign Bankers ' Association in, Market, CNBC, YouTube Locations: Foreign Bankers ' Association in Amsterdam
Plus, the pandemic and the shift to working from home have made millennials and Gen Z lonelier than ever, thanks in part to doomscrolling. "I believe the conventional 'make friends' apps too closely mimic the dating model, which can feel awkward and high-pressure for making friends," he said. The group hosts "reading parties" at bars and event spaces with the goal of helping people connect through reading. Dinner With Friends, a group that throws dinner parties, has worked on sponsored events with brands like Bumble and Geneva. Dinner With Friends founder Anita Michaud said brands typically either sponsor entire dinners or provide products — like canned cocktails — for the dinner parties.
Persons: , they've, Danial Hashemi, Sydney, Z, millennials, Cliff Lerner, Lisa Oreshkina, Saneblidze, Tom Worchester, Andreessen Horowitz, Victor Pontis, Luma, Liz Chick, Gen, Mira Hobbs, ReCreate's Chick, Anita Michaud, Peter Boyce II, Boyce, Maitree Mervana Parekh, Marlon Nichols, they're, it's, Ben Bradbury Organizations: Service, Business, Sydney Bradley, Big Tech, Tech, Timeleft, Reading, Facebook, VC, Wine, Bumble, New, Acrew, MaC Venture, Reading Rhythms Locations: New York City, Los Angeles, New York, Brooklyn, Squarespace, Lisbon, Amsterdam, London, San Francisco, Geneva
India’s half-hour zone dates back to colonial rule of India and the era when ever-faster steamships and trains were shrinking the world. The start of the 20th century saw some push from scientific associations to calibrate India’s time to GMT. That recommendation was rejected by the colonial government, which opted for a unified time that sat squarely in the middle: five and a half hours ahead of GMT. In 2015, North Korea moved out of sync with South Korea by creating “Pyongyang Time,” putting the country eight and a half hours ahead of GMT instead of nine. India’s colonial-era time zone decision making, however, reflected a chorus of political, scientific and commercial voices both from within the government and outside of it, Gordon says.
Persons: Hulton, , Geoff Gordon, Gordon, , it’s, Wong Maye, Hugo Chávez, Nicolas Maduro, Terry Gilliam, Rube Goldberg, Maulik Jagnani, Jagnani Organizations: CNN, East India Company, Hulton Deutsch, University of Amsterdam, Madras, Washington D.C, Greenwich Meridian, Greenwich Observatory, Meridian, Royal Society, Prime Meridian, Physical Laboratory, Tufts University, NPL Locations: New York, London, Tokyo, Iran, Myanmar, Australia, India, British, Madras, Chennai, , Bombay, Kolkata, Washington, London ., Greenwich, North Korea, South Korea, Korea, Pyongyang, Brazil, , Greenwich , London, China, Assam, Arunachal Pradesh, Gujarat
9 Home Designs That Evoke the Flow of Water
  + stars: | 2024-05-09 | by ( Yelena Moroz Alpert | ) www.nytimes.com   time to read: 1 min
This article is part of our Design special section about water as a source of creativity. Water is a popular motif with product designers because it symbolizes tranquillity and clarity. But this force of nature also “adds movement, freedom and flow in a space,” said Golnar Roshan, who with her partner, Ruben de la Rive Box, recently introduced a rug collection called Fluid that evokes the moody skies reflected in the canals of Amsterdam, where they live. “I like to mix worlds that seem far apart, create unexpected connections and imaginative short circuits between things,” Paola Navone, a designer in Milan, said of her collection of new pendant lights with diffusers of milky white or limpid blue glass that visually create an oceanic sway. (The lamps are called Oblò, which is Italian for “porthole.”)These and other fresh, splashy products are presented here.
Persons: , Golnar Roshan, Ruben de, ” Paola Navone Locations: Amsterdam, Milan
Related storiesThis is the résumé he used to land a software development graduate program role at Booking.com in Amsterdam right after college. Later, he used an updated version of that résumé — with the same template — for a software engineering role at Google, where he's worked for more than four years. AdvertisementThe résumé template Dua used to apply to Booking.com in 2016. Make yourself searchable online: Dua adds links to his online profiles on his résumé and takes steps to build more online visibility. On LinkedIn, he uses his current job section to add more about his role and achievements than his one-page résumé allows.
Persons: , Dua, he's, PyCon, Nick Shah, Shah Organizations: Service, Business, Booking.com, Google, LinkedIn, Peterson Technology Partners Locations: Delhi, India, Amsterdam, Google's Zurich, Sahil, Park Ridge , Illinois
Got an Idea for a Toy? Toymakers Want to Hear From You.
  + stars: | 2024-05-04 | by ( Isaac Aronow | ) www.nytimes.com   time to read: +1 min
“I spent two very intense weeks working on it, every night, every weekend, all the time that I had,” he said. Mr. Bolt was hoping to create the design for Lego Ideas, a program the toymaker started in 2008 to solicit ideas online directly from fans. Typically, designers post their concept on the platform, and if a design gets 10,000 votes, the company considers it for production. This case was different, though: It was the first time the company had given fans a concept to work with. A panel of judges selected his set and four others for a shortlist, and in a vote fans chose his set as their favorite.
Persons: Lucas Bolt, , , Bolt Organizations: & Locations: Amsterdam
Their updates come in harried bursts. Real-time narrations of the scene at Columbia University’s protest encampment in Manhattan, interspersed with the calmer voice of a host in the studio, directing live on air the dozen or so student journalists covering the moment police officers in riot gear moved in to clear an occupied university building Tuesday night. “Do we have a field reporter over on Amsterdam? We have word that arrests are happening on Amsterdam, if we could get a field reporter over there.”“Sorry, Sarah, do you need to go?”“It’s getting really hard for us to report from this vantage.”The stream from the Columbia University student-run radio station, WKCR, was so popular that night that its website crashed. As pro-Palestinian demonstrators seized Hamilton Hall, theirs was one of the most extensive broadcasts from the scene because the school had limited access for professional journalists.
Persons: Sarah, It’s Organizations: Columbia University, Palestinian, Hamilton Hall Locations: Columbia, Manhattan, Amsterdam
The automaker is the joint venture partner of Honda and Toyota in China, and has an electric car brand called Aion. Expanding outside ChinaLike other automakers in China, GAC is also turning overseas. China's overseas car sales surged last year, putting the country on par with Japan as the world's largest exporter of cars. Dyer expects that to drive overseas demand for Chinese electric cars. Chinese consumers placed almost twice as much importance on tech features compared with U.S. consumers, Dyer said, citing AlixPartners' survey.
Persons: Evelyn Cheng, Tesla, Feng Xingya, Feng, Wei Haigang, Wei, Stephen Dyer AlixPartners, There's, Stephen Dyer, AlixPartners, Dyer, BYD, Nio, CATL, Zhong Shi Organizations: CNBC, GAC, Labor, Huawei, Honda, Toyota, China Passenger Car Association, EU, U.S, Factories, Greater China Business U.S, Ministry of Commerce, Tech, Volkswagen, SAIC Motor, Battery, China Automobile Dealers Association, Automotive, Robotics, Lotus Technology, Geely Locations: Beijing, Evelyn Cheng BEIJING, China, East, Mexico, Japan, Malaysia, Thailand, Egypt, Brazil, Turkey, Amsterdam, Greater China, Asia, U.S, Europe
The Dutch princess faced a kidnapping threat while studying at the University of Amsterdam in 2022. AdvertisementThe heir to the throne of the Netherlands, Princess Amalia, said that her fear of being kidnapped forced her to move countries. AdvertisementShe moved to a regular accommodation block in 2020, even though the Dutch royals have a palace in Amsterdam. As a result, she moved back to the main Dutch royal residence in The Hague. Princess Amalia of The Netherlands at the University of Amsterdam on September 5.
Persons: Princess Catharina, Amalia of, Catharina, , Princess Amalia, Amalia, Princess Amalia of The, van Katwijk, King Willem, Alexander, Per, Britain's Princess Anne, Michael Fagan, Fagan Organizations: University of Amsterdam, Service, BBC, Bild, Guardian, NOS, People, Royals, Royal Locations: Netherlands, Spain, Amsterdam, The Hague, Rotterdam, Princess Amalia of The Netherlands, Corona, Madrid, Dutch, Buckingham
I stayed in a houseboat in Amsterdam for four nights. The houseboat cost $2,802.55 after taxes and fees, or roughly $700 per night on Airbnb. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Our first was inside an apartment on land, and our second was a houseboat, which cost around $700 a night after taxes, cleaning, and service fees. It was nice but not too different from the many other Airbnbs I've stayed in.
Persons: , Jon Kok, I've Organizations: Service, Washington Post, New York Times, Times Locations: Amsterdam, Airbnb, Netherlands, houseboats
Video transcript Back bars 0:00 / 0:44 - 0:00 transcript Columbia Protesters Occupy Building on Campus People inside barricaded the doors of Hamilton Hall with furniture. “Palestine will live forever.” “Go away, yo.” “Free, free Palestine.” “Free, free, free Palestine.” “Shut it down.” “Palestine will be free.” “Disclose, divest, we will not stop, we will not rest.” People inside barricaded the doors of Hamilton Hall with furniture. Credit Credit... Bing Guan for The New York TimesOutside the neoclassical building, protesters, many wearing helmets, safety glasses, gloves and masks, barricaded the entrance. Image Student protesters marching around the encampment on campus at Columbia University on Tuesday. So far, at least, a core of student protesters has vowed to stay put.
Persons: Columbia wasn’t, , , Bing Guan, Alexander Hamilton, Bob Day, Columbia’s, ” Ben Chang, Sueda, ” “ We’ve, Leanne Abraham, Bing Guan Elga Castro, Castro, Chris Eisgruber, Nemat, Anna Betts, Eryn Davis, Tracey Tully, Karla Marie Sanford, John Yoon, Mike Baker Organizations: Police, California State Polytechnic University, Humboldt, Portland State University, Hamilton Hall, Columbia, Columbia Protesters, People, Hall, , New York Times, Treasury, Boeing, Portland Police Bureau, Columbia University, ., New York Times Columbia, Police Department, Columbia University Faculty, Broadway Low Library Columbia University, West, St . Columbia University New York, Butler Library Amsterdam, 114th, 114th St . Columbia University New York, Barnard College, New York University, Princeton University, Clio Hall, Princeton, Rutgers University’s Locations: Hamilton, Columbia, California, Oregon, Manhattan, Palestine, , Portland, Gaza . Columbia, St, St . Columbia University New York City, Butler, 114th St, Spanish, Gaza, New Jersey, Brunswick
The move sparked protests, highlighting the problems city officials face when tackling overtourism. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When cities are overrun with tourists, officials are often tasked with finding ways to make them more liveable for residents. On peak days, tourists visiting Venice for the day need to buy a ticket online or at booths to enter the city. Other tourist hot spots have implemented caps on the number of daily visitors.
Persons: , aren't, Simone Venturini, Venturini, Luca Bruno, Manuel Silvestri, it's Organizations: Service, Guardian, Business, AP, Reuters, Mount Fuji, BBC, US National Parks Locations: Venice, Italian, Veniceland, Amsterdam, Japan, Fujikawaguchiko, Austria, Athens
In the 1970s, there were about 175,000 residents in Centro Storico, the main island and historic center of Venice. In fact, there are now more tourist beds in Venice than there are residents. Last week, Venice took action on overtourism, introducing a 5€ fee to day trippers who want to access the city. "You can't impose an entrance fee to a city; all they're doing is transforming it into a theme park. Marco Bertorello | Afp | Getty ImagesDespite its many detractors, the day fee is a significant move on the part of Venice's government to confront the challenge of overtourism, which has become a significant global problem since the pandemic.
Persons: Stefano Mazzola, Luigi Brugnaro, Mark —, There's, Matteo Secchi, Marco Bertorello, Antonio Paolo Russo, Russo Organizations: Piazzale Roma, Getty, Venice, Centro Storico, Guardian, Tourists, Afp, Virgili University Locations: Piazzale, Venice, Italy, Centro, Piazzale Roma, Santa Lucia, Tarragona, Spain, Bali, Barcelona, Amsterdam, Europe
Read previewAs a travel writer, one of my greatest loves is experiencing a new country, region, or city with my son. But if you ask me, London is also the best spot to bring your kids, especially if they range in age. Here's why I'll always believe London is a terrific destination for children of any age. Children under 11 travel for free when accompanied by an adult, and discounts are available for older kids. The city is full of parks for children to play inLondon has incredible green space for such a large city.
Persons: , I've, Erika Ebsworth, Big Ben, we've, Gordon Ramsay's, Martin Organizations: Service, London, Business, Transportation, Heathrow Express, Airport, Paddington Station, Hyde Park, Royal Observatory, Prime Meridian, Food, British Museum, Magna Carta, Tate, Eurostar Locations: London, Hyde, Greenwich, London . London, Ethiopian, Harrods, St, Trafalgar, Oxford, Cambridge, Bath, Birmingham, Brighton, Paris, Brussels, Amsterdam
The highly anticipated trading debut of private equity group CVC Capital Partners shows that Europe's initial public offering market is back on track, Euronext CEO Stéphane Boujnah told CNBC on Friday. Shares of Amsterdam-listed CVC, one of Europe's largest buyout companies, jumped around 23% on Friday morning. The IPO is widely expected to be one of Europe's largest this year. Boujnah said the Euronext platform, the largest stock exchange in Europe and one of the largest in the world, had welcomed 11 stock listings since the beginning of the year. "That's a signal of both the success of the Euronext platform and the competitiveness of the Euronext platform — and a signal of the IPO market being back," he added.
Persons: Stéphane Boujnah, Euronext's Boujnah, CNBC's, Boujnah Organizations: Capital Partners, CNBC, CVC, Reuters, Euronext Locations: Amsterdam, Europe
To meet her sales targets, the betel nut “must be delicious.” she told CNN in an email. A betel nut stall in Taipei. “I loved driving there because there were the betel nut girls,” she recalled in a phone interview. One of Han's subjects, Ju Ju, is pictured at a booth in the city of Taoyuan. But Ju Ju has since grown to value the stability of the job.
Persons: Mong Shuan, Mong, Constanze Han, , , we’d, Han, Han “, ’ ”, Susan Meiselas, Xiao Hong, Ju, Ju Ju, , Constanze Organizations: CNN, Mong, , island’s Ministry of Health, Welfare Locations: Taiwan, Asia, Taipei, Kaohsiung, Amsterdam, Hong Kong and New York, America, New England, New Taipei City, Taoyuan, Constanze
JetBlue Airways shares tumbled more than 10% in premarket trading Tuesday after the airline lowered its 2024 revenue forecast, a setback as it tries to return to profitability. The carrier said second-quarter revenue would likely drop as much as 10.5% on the year, more than double the decline analysts polled by LSEG expected. JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. JetBlue earlier this year said it would defer $2.5 billion in aircraft spending until the end of the year. Revenue dropped 5.1% from last year to $2.21 billion, matching LSEG revenue expectations.
Persons: LSEG, Joanna Geraghty, Pratt Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, JetBlue, Spirit Airlines, Pratt & Whitney, Revenue Locations: Amsterdam, Netherlands, New York, Delta, America
This spring is the 400th anniversary of the founding of New York — or, to be precise, of the Dutch colony that became New York once the English took it over. That settlement gave rise to a city unencumbered by old ways and powered by pluralism and capitalism: the first modern city, you might say. Yes, New Netherland, the Dutch colony, and New Amsterdam, the city that became New York, created the conditions for New York’s ascent, and helped shape America as a place of tolerance, multiethnicity and free trade. But the Dutch also established slavery in the region and contributed to the removal of Native peoples from their lands. Efforts to commemorate the occasion have been slowed, in part, by controversy and confusion because we can’t agree on what our past means.
Organizations: New, York Historical Society Locations: New York, New Netherland, New Amsterdam, Independence
Some reportedly shouted at Jewish students and made antisemitic statements. Still, some Jewish students who are supporting the pro-Palestinian demonstrations on campus said they felt solidarity, not a sense of danger, even as they denounced the acts of antisemitism. Image Grant Miner, a Jewish graduate student at Columbia University, says he doesn’t feel unsafe on campus. Jewish students get harassed trying to leave @Columbia’s campus tonight. Image At the “Gaza Solidarity Encampment” on the Columbia campus, tents were crowded together Sunday night.
Persons: Eric Adams, ” Andrew Bates, Nemat Shafik, Minouche, “ Al, Adams, Grant Miner, Bing Guan, New York Times “, , U2Ii5GTuLm — David lederer, @Davidlederer6, , Eliana Goldin, Aryeh, . Goldin, Samantha Slater, Shafik, Mr, Miner, ” Makayla, Gubbay, , “ There’s, ” Ms, Elie Buechler, Rabbi Buechler, Hillel, ” Brian Cohen, Noah Levine, “ I’m, Xavier Westergaard, Sharon Otterman Organizations: Columbia, Jewish, White, New, , Columbia University, Credit, New York Times, Palestinian, Israel, University, New York Police Department, Barnard College, Gaza Solidarity, New York Times Students, Ivy League, Campus, , Hillel, Broadway, Jewish Voice, Peace Locations: Upper Manhattan, New York City, American, Israel, Columbia, Poland, @Columbia’s, Europe, Chabad, Gaza, Palestine, Amsterdam
CNN —A rabbi associated with Columbia University’s Orthodox Union Jewish Learning Initiative on Campus recommended that Jewish students “return home as soon as possible and remain home” amid ongoing protests denouncing the war in Gaza and demanding the university divest from Israel. Recent events at the university “have made it clear that Columbia University’s Public Safety and the NYPD cannot guarantee Jewish students’ safety,” Buechler wrote in the message. By contrast, the campus Hillel said in a Sunday post on X that they “do not believe that Jewish students should leave” the campus. “Columbia students organizing in solidarity with Palestine – including Jewish students – have faced harassment, doxxing, and now arrest by the NYPD. These are the main threats to the safety of Jewish Columbia students,” Jonathan Ben-Menachem, a PhD student, told CNN.
Persons: CNN —, , Rabbi Elie Buechler, Barnard Hillel, Jake Tapper, ” Buechler, Hillel, , ” Jonathan Ben, Menachem, , , Yonah Hain, John Chell, Israel Organizations: CNN, Columbia, Orthodox Union Jewish Learning, Jewish, Public, “ Columbia University, University Administration, Broadway, NYPD, Jewish Columbia, , Gaza Solidarity, Center, Columbia University, Columbia University Apartheid, , Justice, Peace, Yale, Harvard, University of North, Boston University, International Court, United Nations ’ Locations: Gaza, Israel, of New York, Amsterdam, , Palestine, university’s, University of North Carolina, South Africa
CNN —In travel news this week: the world’s best and busiest airports, the European capital banning new hotels, the Hawaiian attraction being removed because of bad tourist behavior, plus the real-life animal crossing being built over a California freeway. Snakes will, however, be very welcome on “the world’s largest wildlife crossing,” under construction over the major 101 Freeway in Los Angeles. The Wallis Annenberg overpass will span 10 lanes and provide safe passage for mountain lions, coyotes, bobcats, toads and even ants. World’s best and busiest airportsThe world’s busiest airports were revealed in an annual ranking released Monday, with Atlanta’s Hartsfield-Jackson International holding strong in the No. US National Park Week starts April 20, kicking off with a free entry day on Saturday to all NPS sites.
Persons: Wallis, It’s, Alyssa Kopp, Mary Gomes Kopp, Doha’s, Florence’s, it’s, America’s Organizations: CNN, Aegean Airlines, Atlanta’s Hartsfield, Jackson International, UAE, Qatar, Doha’s Hamad international Airport Locations: California, Tokyo, Osaka, Los Angeles, Crete, Europe, Dubai, Amsterdam, Netherlands, Canary, Spanish, Africa, Italy, Ponte, Lake Mead, Hawaii
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