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Patrick Page and Paige Davis met in the mid 1990s, during New York rehearsals for the first national tour of the musical “Beauty and the Beast.” But with Mr. Page working on his scenes in one studio (he played Lumière), and Ms. Davis, an ensemble member, singing and dancing in another, they didn’t really get acquainted until performances began in Minneapolis. “We started hanging out as friends, and we’ve been hanging out ever since,” said Mr. The couple’s 2001 alfresco nuptials were chronicled on the TLC series “A Wedding Story.”For several years, the vivacious Ms. Davis, now 54, was the host of TLC’s “Trading Spaces,” a home improvement show (wherein neighbors, backed by a design team, would redo a room in each other’s homes on a $1,000 budget), and later returned to her theater roots, starring in “Chicago” on Broadway. Recently, she completed an indie short film that’s due out this year.
Persons: Patrick Page, Paige Davis, Davis, , we’ve, , alfresco nuptials Organizations: Broadway Locations: New York, Minneapolis, “ Chicago
There's rising hope that monetary policymakers have successfully cooled inflation without tipping the economy into a recession. Yet closely watched survey data from the University of Michigan shows consumer sentiment, while improving, is a far cry from pre-pandemic levels. Inflation vs. the job marketContinued strength in the labor market is something economists expected to sweeten everyday Americans' views of the economy. While the Michigan index compiles questions focused on financial conditions and purchasing power, the Conference Board's more closely gauges one's feelings about the job market. A hot job market can be a double-edged sword for sentiment, Michigan's Hsu noted.
Persons: Scott Olson, Kyle Connolly, Connolly, she's, Joanne Hsu, we're, Hsu, That's, Camelia, Kuhnen, Michigan's Hsu, UNC's Kuhnen, Karen Dynan, Marissa Lyda, Lyda, She's, there's, There's, Harvard's, Dynan, Jerome Powell, Kevin Lamarque Organizations: Toyota, Facebook, Federal Reserve, University of Michigan, Bureau of Labor Statistics, Labor Department, Conference, University of North, U.S . Treasury Department, Walmart, Federal, Committee Locations: Chicago , Illinois, Florida's panhandle, Michigan, University of North Carolina, Harvard, Phoenix, Portland, Kroger, Washington , U.S
As tempers flared on a recent evening in a nightlife district in Auckland, New Zealand’s largest city, Joanne Paikea sensed an altercation — or even an arrest — brewing. “Bro, you know the cops are behind us,” she said, describing her efforts to soothe the surging tension between two groups. “So you’re either going to listen, or get arrested. The role of policing has recently come under the microscope in New Zealand, where lurid crime stories have dominated headlines. Shootings, gang tensions and scores of ram raids — when miscreants smash into stores with cars to loot them — have rattled the peaceful nation and became an important issue in last month’s election.
Persons: Joanne Paikea, “ Bro, , you’re, Paikea Organizations: New Locations: Auckland , New, New Zealand
Mike Rogers is restrained by Richard Hudson after getting into an argument with Matt Gaetz as House Republican Leader Kevin McCarthy walks away. AdvertisementWhat happened: Greene called Boebert a "little bitch" on the House floor, according to The Daily Beast. When asked about it, Boebert told CNN, "I'm not in middle school." After his vote, Burchett told CNN that McCarthy had mocked his faith when he told then-speaker that he was praying over his decision. The aftermath: McCarthy told CNN that he did not purposefully run into Burchett.
Persons: , Rock, Bill, John Boehner, Don Young, Donald Trump's, Joanne Freeman, Matt Gatez, flexes, Win McNamee, Mike Rogers lunges, Matt Gaetz, Kevin McCarthy, Mike Rogers, Richard Hudson, Anna Moneymaker, McCarthy, Rogers, Gatez, Marjorie Taylor Greene, Lauren Boebert, Greene, Boebert, Joe Biden, Semafor, I'm, Georgia Lauren Boebert, Jabin, Tim Burchett, Sen, Markwayne Mullin, Mullin, Sean M, O'Brien, Elon Musk, Sean O’Brien, Bernie Sanders, , Sanders, banged, Burchett, McCarthy elbowed, — Claudia Grisales, NPR's Claudia Grisales, Grisales, Kevin ?, Kevin Organizations: Service, Capitol, Lawmakers, Yale, Politico, Florida Republican, GOP, Republican, House Armed Services, Rep, North Carolina Republican, Georgia Republican, Colorado Republican, Daily, CNN, Washington, Getty, Tennessee Republican, Caucus, Teamsters, Oklahoma Republican, MMA, United, Republicans Locations: Alaska, Florida, Alabama, Georgia, Colorado, Tennessee, Boebert, Oklahoma, United States, Burchett
"These expectations have risen in spite of the fact that consumers have taken note of the continued slowdown in inflation," survey Director Joanne Hsu said in a statement. But progress this year has been inconsistent, and Fed officials remain wary of the potential for a reversal. That said, the University of Michigan survey results are at odds with other measures of inflation expectations that have shown they have in fact been moderating. A New York Fed survey of consumers last week, for instance, showed inflation expectations over both one-year and five-year horizons eased in October even as the Michigan survey showed them accelerating. Market-based measures of inflation expectations are also declining.
Persons: Joanne Hsu, Quincy Krosby, Dan Burns, Chizu Organizations: Federal Reserve, University of Michigan's, Fed, Global, LPL, University of Michigan, New York Fed, . Treasury, Securities, Thomson Locations: Michigan
Nothing Thankful About November’s Consumer Sentiment
  + stars: | 2023-11-22 | by ( Tim Smart | Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
Consumer sentiment edged down in November with expectations for future business conditions taking a sharp tumble. The University of Michigan’s consumer sentiment index ended the month at 61.3, a 3.9% drop from the 63.8 in October. The current conditions index fell 3.3% to 68.3, while the future expectations index declined 4.2% to 56.8. Political Cartoons on the Economy View All 610 Images“Long-run inflation expectations rose from 3.0% last month to 3.2% this month, a reading last seen in 2011,” Hsu noted. Sentiment also has been divided by political affiliation with Republicans far more critical of the economy than Democrats.
Persons: “ Younger, , Joanne Hsu, , ” Hsu Organizations: University of, Republicans, Federal Reserve, Wednesday, Dow Jones
The house, a traditional 1940s white stucco ranch, felt just right to Nina Weinman. It was in central Los Angeles, where she and her husband wanted to live, and it was in their price range. It had a dishwasher and a garbage disposal, central heat and air-conditioning — all things lacking in the couple’s rental apartment. The house was in disrepair, but it had a solid foundation and a roof of recent vintage, making it catnip to flippers. Ms. Weinman and her husband, Will Swift, a talent manager, had several contingencies and needed a loan.
Persons: Nina Weinman, , Weinman, Claus, Will Swift Organizations: Hallmark Channel Locations: Los Angeles
The U.S. Food and Drug Administration is screening imports of cinnamon from multiple countries for toxic lead contamination after growing reports of children who were sickened after eating pouches of applesauce and apple puree. But the agency noted there have not been other reports of illness or elevated blood lead levels tied to the spice that's popular in holiday baking. One pouch of recalled WanaBana apple cinnamon puree collected from a Dollar Tree store was found to have lead levels more than 200 times higher than proposed FDA guidance would allow, officials said. Consumers should be aware that cinnamon may contain lead, she said, but the FDA's release on Friday said there’s no indication that cinnamon products other than the applesauce puree are affected. The recalled fruit products include pouches of WanaBana apple cinnamon fruit puree and Schnucks and Weis brand cinnamon applesauce.
Persons: Joanne Slavin, Organizations: . Food, Drug Administration, FDA, Coral, University of Minnesota, Centers for Disease Control, Prevention, CDC, Schnucks, Weis, American Academy of Pediatrics, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Ecuador, Coral Gables , Florida, Austrofood
Consumers See Worsening Economy, Higher Inflation
  + stars: | 2023-11-10 | by ( Tim Smart | Nov. | At A.M. | ) www.usnews.com   time to read: +4 min
Consumers continued to sour on the economic outlook in November while also growing more pessimistic about future inflation, according to the first estimate from the University of Michigan consumer sentiment survey. The index of consumer sentiment fell 5% to a reading of 60.4, down from 63.8 in October. “Ongoing wars in Gaza and Ukraine weighed on many consumers as well.”“Overall, lower-income consumers and younger consumers exhibited the strongest declines in sentiment,” Hsu added. Various surveys measuring the minds of consumers have found them to be worried about inflation and the economy in general. “Consumer sentiment continues to trend downward at a moderate pace as consumers attempt to juggle inflation and higher interest rates,” said Damian McIntyre, Portfolio manager and head of multi asset solutions at Federated Hermes.
Persons: , Joanne Hsu, ” Hsu, Joe Biden, Damian McIntyre, Gregory Daco, ” Daco, Goldman Sachs Organizations: University of Michigan, , Federated Hermes, Federal Reserve, Index, Louis Federal Reserve Bank Locations: Gaza, Ukraine, Kentucky, Ohio
Washington, DC CNN —Americans are becoming gloomier about the economy with interest rates at a 22-year high and economic growth widely expected to slow. That was the fourth consecutive month that sentiment soured, after improving over the summer. Meanwhile, both short-term and long-term inflation expectations worsened this month. Americans’ expectations for inflation rates in the year ahead rose to 4.4% in November, up from October’s 4.2% reading. In a worrisome sign for the Federal Reserve, long-run inflation expectations rose to 3.2% this month, the highest level since 2011.
Persons: Joanne Hsu, Jerome Powell, it’s, ” Powell, Stocks, , Powell Organizations: DC CNN, University, Federal Reserve, Fed, International Monetary Fund Locations: Washington, Gaza, Ukraine
US stocks climbed Friday, with the Dow jumping by almost 400 points. Stocks rebounded after falling on Thursday to snap an eight-day winning streak. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementUS stocks jumped on Friday, with the Dow Jones Industrial Average gaining almost 400 points and the Nasdaq adding more than 2%. Meanwhile, US consumers' long-term inflation expectations rose to the highest since 2011, according to a preliminary November report from the University of Michigan.
Persons: Stocks, , Jerome Powell, Joanne Hsu Organizations: Dow, Service, Dow Jones Industrial, Nasdaq, Treasury, Federal, University of Michigan, University of Locations: Gaza, Ukraine
Barbra Streisand in 1966. At nearly 1,000 pages, Barbra Streisand’s memoir, “My Name Is Barbra,” is longer than the combined recollections of Prince Harry (“Spare”), Britney Spears (“The Woman in Me”) and Henry Winkler (“Being Henry”). Grab a Copy My Name Is Barbra By Barbra Streisand Viking 992 pages We may earn a commission when you buy products through the links on our site. Granted, Ms. Streisand, now 81, is the enduring pop voice of her generation, not to mention a Broadway and Hollywood star, movie director, producer and composer, and political and social activist. A winner of Emmys, Grammys, Oscars and a Tony, Ms. Streisand is a woman of many talents.
Persons: Barbra Streisand, Bill Eppridge, Barbra Streisand’s, , Prince Harry, , Britney Spears, Henry Winkler, Henry ”, Barnes, Streisand, Hillary Clinton, Tony Organizations: Noble, Hollywood
A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Shares of the Coach parent rose 6% in early trading, as its profit beat market expectations. Sales at Coach, Tapestry's biggest brand, grew 3%, as demand for its Tabby shoulder bags nearly doubled from last year. It expects 2024 revenue of about $6.7 billion, lower than its prior target of nearly $6.9 billion, weighed by a stronger dollar. Net sales were flat at $1.51 billion in the quarter ended Sept. 30 from last year.
Persons: Andrew Kelly, Joanne Crevoiserat, Crevoiserat, Savyata Mishra, Juby Babu, Arun Koyyur Organizations: Tapestry, Inc, REUTERS, Capri, U.S . Federal, Thomson Locations: Manhattan , New York, U.S, North America, China, Bengaluru
Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.
Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun 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Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India
“My wife would have been very happy to be in Arizona full time and I would much prefer to be in California full time — I was adamant that we were going to keep the house in Mill Valley as our base,” Mr. Goldsholle said. “But my wife has been a good sport and I’m willing to split the year with her.”Among couples of a certain age, there are many iterations of the “what will we do in retirement” question, said Gail Saltz, a psychiatrist in private practice in New York, and a clinical associate professor of psychiatry at the NewYork-Presbyterian Hospital, Weill-Cornell Medical College. “One iteration may be that one member of the couple wants to retire, the other doesn’t. “It may hark back to discussions around earlier transitions like ‘will we have children? How many?’ Will we stay in the city or raise them in the suburbs?’ “
Persons: Mr, Goldsholle, Gail Saltz, Saltz Organizations: Presbyterian Hospital, Weill, Cornell Medical College Locations: Arizona, California, Mill Valley, New York
Ready to Retire? Consider Your Family First.
  + stars: | 2023-10-31 | by ( Joanne Kaufman | ) www.nytimes.com   time to read: +1 min
But unable to make a final decision she asked her elder daughter, a college administrator in Richmond, Va., to come north and weigh in. Her daughter did as requested, only to suggest that her parents consider another option altogether: a senior living community in Richmond. “I asked her, ‘Why on earth would I do that?’” recalled Mrs. Genoni, now 79. “And then she told us, ‘Sooner or later one or both of you are going to need an advocate,’” Mrs. Genoni recalled. “‘Why would you make me worry about you from a distance when you could be living near me?’”
Persons: Marta Genoni, Kenneth, , ’ ”, Genoni, , Organizations: New York City Ballet, New York Philharmonic, ‘ Sooner Locations: Westfield, N.J, Richmond , Va, Richmond, New Jersey
The shaky stock market is making Americans feel uneasy
  + stars: | 2023-10-27 | by ( Bryan Mena | ) edition.cnn.com   time to read: +2 min
Washington, DC CNN —Americans’ moods soured this month, largely due to a wobbly stock market. The survey also showed that Americans became more pessimistic about the economy’s outlook for the year ahead. The tech-heavy Nasdaq tilted into correction territory Thursday as shares of some Big Tech companies slipped. Meanwhile, Americans’ inflation expectations for the year ahead worsened in October, jumping to 4.2% from 3.2% in September, the highest reading since May. The Federal Reserve pays close attention to inflation expectations, particularly longer-term expectations.
Persons: Joanne Hsu Organizations: DC CNN, University of Michigan’s, Consumers, Investors, Federal Reserve, Treasury, Meta, Microsoft, Google, Big Tech, Apple, Nvidia, Fed Locations: Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoxing of protesting students is 'really disturbing', says Yale's Joanne LipmanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Yale's Joanne Lipman, Brian Sullivan, Organizations: CNBC
PHILADELPHIA (AP) — An acquaintance has been charged in the death of a Philadelphia journalist who went from sleeping on the street to working for the mayor to writing urgent columns on the city’s most pressing social issues. Robert Edmond Davis, 19, faces murder, weapons counts and related charges in the death of Josh Kruger, 39, who was shot and killed at his Philadelphia home Oct. 2. Kruger was shot seven times at about 1:30 a.m. and collapsed in the street after seeking help, police said. Kruger handled social media for the mayor and communications for the Office of Homeless Services from about 2016 to 2021. He wrote at various times for Philadelphia Weekly, Philadelphia City Paper, The Philadelphia Inquirer and other publications, earning awards for his poignant and often humorous style.
Persons: Robert Edmond Davis, Josh Kruger, Davis, Damica Davis, Kruger, there’s, , , University’s, JoAnne Epps, bicyclist Organizations: PHILADELPHIA, Philadelphia, South Philadelphia, Authorities, Philadelphia Inquirer, City Hall, The Philadelphia Citizen, Council, of Homeless Services, Philadelphia Weekly, Philadelphia City, Elon Twitter Locations: Philadelphia, America, Rittenhouse
"OMD and Publicis are winning all the meaningful pitches," said a former WPP agency executive, referring to competitors Omnicom and Publicis Groupe. Further, GroupM is just one of the many parts of WPP's business that Read needs to fix. Insiders describe a whirlwind of change but confusion about the bigger visionA current WPP agency executive said they were frustrated by what they described as a vacuum of information about the bigger strategy for WPP. Getty Images"It feels like something bigger has to happen now," said a current WPP agency executive. The ongoing pitch for Volkswagen's $4 billion global media business underscores the tremendous amount of resources needed to win the proposal, and the huge prize at stake.
Persons: Christian Juhl, San, GroupM, Publicis, Kirk McDonald, McDonald didn't, Ogilvy, it's, Thomas Singlehurst, Juhl, Mark Read's, It's, Read, Martin Sorrell, AKQA, Sard, Wunderman Thompson, J.Walter Thompson, Joanne Wilson, Andrew Scott, Roberto Quarta, Angela Ahrendts, Craig Barritt, , haven't, Clark, Arthur Sadoun, WPP's Read, Michael Farmer Organizations: WPP, Publicis, L'Oreal, Omnicom Media Group, Pfizer, North, GroupM, Verizon, Discovery, Adobe, Citigroup, Shanghai, reined, AKQA Group, Finsbury Glover, Partners, Young, Rubicam, London Stock Exchange, Brexit, Getty, Burberry, Apple, The New School Industry, VW, Groupe, Epsilon Locations: San Francisco, China, EssenceMediaCom, Kansas, Kansas City, New York, Mayfair , London, New York City
For years after she moved to Connecticut from New York, Roz Chast had recurring dreams about her beloved post-college apartment on West 73rd Street. The storyline and set design of those reveries varied, but she was always on the street where she had lived. “Or the building had been turned into a hotel. Or there was a marble staircase. Or I had an apartment that had this giant hole in the middle where I could look into the apartment below.
Persons: Roz Chast, , Chast, Locations: Connecticut, New York, The
The man, whose name was redacted in the document, said he worked as a “political tracker” for America Rising. The police report links to two websites as potential employers, one at an America Rising corporation and one for an America Rising political action committee. The mansion on Mackinac Island is a summer residence for any Michigan governor in office. The governor's team would not confirm whether she was at the Mackinac Island residence on Aug. 26, citing security concerns. Her chief of staff said the August incident on Mackinac Island was considered “extremely serious,” in light of the previous criminal cases.
Persons: Gretchen Whitmer’s, , It's, Whitmer, , ” Det, Aaron Sitko, Lori Dougovito, James Grady II, ” Whitmer, ” JoAnne Huls, , Elissa Slotkin, Xavier Becerra, Slotkin Organizations: Michigan Gov, The Associated Press, America, America Rising, Michigan, Police, AP . State, Democratic U.S . Rep, Health Locations: LANSING, Mich, Michigan, Mackinac, , Brighton , Michigan
Washington, DC CNN —Persistently high inflation took a toll on Americans’ attitudes this month as many began to pay back student loans following a three-year hiatus. The University of Michigan’s consumer sentiment index fell 7% in October from the prior month, according to a preliminary reading released Friday. October marks the first month of Americans paying back their student loans since the pandemic-related pause. The pause gave relief to more than 43 million Americans who have student loans, with the vast majority owing less than $40,000 and nearly one-third owing less than $10,000. Expectations can worsen, the longer inflation remains elevated, so the upward pressure from higher gas prices on headline inflation can make Americans more pessimistic about inflation.
Persons: DC CNN —, , Joanne Hsu, Organizations: DC CNN, University of, Consumers, Federal Reserve Locations: Washington, Wells Fargo
Kevin Lamarque | ReutersThe messy race to elect the next Republican speaker of the House of Representatives is injecting chaos into the typically genteel world of high-dollar GOP fundraising, threatening to disrupt a vital element of the Republican strategy to maintain its House majority. One faction of wealthy donors is intent on exacting revenge on the eight Republicans who voted with Democrats to oust former speaker Kevin McCarthy, according to people familiar with the matter. They're all saying, 'don't give, don't raise any money,'" a Republican fundraiser said. "If you have scheduled a fundraiser for any Republican House member who refuses to vote for Scalise, cancel it. Losing Kevin McCarthy will be damaging for fundraising," a longtime Wall Street Republican fundraiser said.
Persons: Kevin McCarthy, Kevin Lamarque, Andy Sabin, Sabin, Matt Gaetz, McCarthy, Nancy Mace, Win Mcnamee, Steve Scalise, Scalise, Eric Levine, Saul Loeb, Eiseman Levine, Levine, Joanne Zervos, McCarthy's, Zervos Organizations: Capitol, Republicans, GOP, Republican, CNBC, U.S, Getty, Republican House, AFP, New, Wall Street Republican, U.S . Rep, U.S . House Locations: Washington , U.S, Florida, South Carolina, California, Washington , DC, Louisiana, New York
Consumers fell prey to inflation that remains high, especially for life’s necessities like food and gasoline, according to the latest monthly survey from the University of Michigan. The consumer sentiment survey fell by 7% overall to 63 from 68.1 in September, while the current conditions reading dropped to 66.7 from 71.4 and the future expectations was at 60.7, down from 66 a month ago. Notably, expectations for the annual rate of inflation a year from now rose to 3.8% from 3.2% in September. “Assessments of personal finances declined about 15%, primarily on a substantial increase in concerns over inflation, and one-year expected business conditions plunged about 19%,” said Joanne Hsu, survey director. “Owners remain pessimistic about future business conditions, which has contributed to the low optimism they have regarding the economy,” said Bill Dunkelberg, NFIB chief economist.
Persons: , Joanne Hsu, Sam Bullard, Joe Brusuelas, Tuan Nguyen, NFIB, Bill Dunkelberg, JP Morgan Chase, Jamie Dimon Organizations: University of Michigan, Monetary Fund, Federal Reserve, Federal Reserve Bank of Atlanta, Wells Locations: U.S, Washington
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