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☆ The Federal Reserve leaves rates unchanged. Here's what that means for your wallet
▼ + stars: | 2023-11-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

watch nowThe Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. What the federal funds rate means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. To a certain extent, many households have been shielded from the brunt of the Fed's rate hikes so far, House said. As the federal funds rate rose, the prime rate did as well, and credit card rates followed suit. If the 10-year yield stays near 5%, federal student loan interest rates could increase again when they reset in the spring, costing student borrowers even more in interest.

Persons: Brett House, that's, Sung Won Sohn, Sohn, bode, Greg McBride, Sam Khater, Freddie Mac's, Tiffany Hagler, Bankrate, Jacob Channel Organizations: Federal Reserve, Fed, Columbia Business School, Loyola Marymount University, SS Economics, Treasury, Geard, Bloomberg, Getty, Auto Locations: Larchmont , New York

☆ Brazil finds Pan Am gold at the beach and in the ring
▼ + stars: | 2023-10-28 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

The silver was Canada's first medal in women's beach volleyball at a Pan Am Games. A silver medal came with a bonus prize with every fighter in the finals having secured a quota spot for the Paris Olympics. In the women's 75-kilogram Canada's Tammara Thibeault added Pan Am gold to her world and Commonwealth Games titles with a unanimous 5-0 decision over Panama's Atheyna Bylon. "Out of all the tournaments I've been to, I've been able to capture gold and I was missing Pan Ams," said Thibeault. That contribution helped power Mexico into second place on the medal table with 35 gold and 80 total medals.

Persons: Brazil's Ana Patricia Ramos, Eduarda, Silver, Canada's Melissa Humana, Patricia Ramos, Duda Lisboa, Andre Stein, George Souto, Beatriz Ferreira, Ramos, Melissa Humana, Brandie Wilkerson, Canada's, Andre Loyola, Cuba's Jorge Alayo, Noslen Diaz, Marco, Esteban Grimalt, Logan Webber, Hagen Smith, Ferreira, Angie Paola Valdes Pana, Caroline Barbosa, Jucielen, Barbara Maria Dos Santos, Julio Cesar La Cruz, Arlen Lopez Cardona, Joshua Edwards, Jahmal Harvey, Thibeault, Bylon, Wyatt Sanford, I've, Emiliano Hernandez, Duilio Carrillo, Steve Keating, Shri Navaratnam Organizations: Eduarda Santos Lisboa, Pan American, United, Lisboa, Pan Am, Paris, Boxing, Cuba, Olympic, Commonwealth Games, Canada, Pan Ams, Thomson Locations: playa, Santiago, Chile, Brandie, SANTIAGO, United States, Brazil, Chilean, Canadian, Lima, Canada, Mexico

NEW YORK (AP) — Donald Trump isn’t used to constraints. Trump is not only a former president, but also the leading candidate for the 2024 Republican presidential nomination. Just days ago, he was fined $5,000 for violating the same gag order, which Engoron imposed after Trump targeted his principal law clerk on social media. Indeed, things are likely to get much more complicated for Trump in the coming months as his four criminal trials get underway. New York court officials have beefed up security for judges and court personnel involved in Trump matters in the wake of the threats.

Persons: — Donald Trump isn’t, Trump, “, ” Judge Arthur Engoron, ”, Jimmy Gurule, Engoron, Radical Left Democrat ”, Letitia James “, ” Gurule, jailing, Gurule, overshadowing, Laurie Levenson, he’s, —, Jack Smith, ” Levenson, Martin Shkreli, Hillary Clinton’s, Sam Bankman, Smith, “ weaklings, Aileen Cannon, Juan Manuel Merchan, ” Engoron, fining Trump, ___ Tucker, Durkin Richer, Michael R, Michelle L, Price, Jake Offenhartz, Jennifer Peltz Organizations: White, Republican, Notre Dame, Radical Left Democrat, New York, Trump, Loyola Law School, ” Prosecutors, Associated Press Locations: New York, York, Brooklyn, Manhattan, Washington, Trump, Boston, Sisak

☆ Only 19% of Americans increased their emergency savings in 2023. That ‘puts households in a bind,’ expert says
▼ + stars: | 2023-10-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

It's becoming increasingly difficult for Americans to set money aside. "Rising prices and high household expenses have been the predominant impediments to boosting emergency savings," said Greg McBride, Bankrate's chief financial analyst. "When expenses increase faster than income, that puts households in a bind." But that cash reserve is now largely gone after consumers gradually spent their excess savings from the Covid-19 pandemic years. At the same time, the Federal Reserve's most aggressive interest rate-hiking cycle in four decades made it costlier to borrow.

Persons: It's, Greg McBride, Sung Won Sohn Organizations: Finance, Social Security, Loyola Marymount University, SS Economics

SPRINGFIELD, Ill. (AP) — Illinois Gov. The state’s 25-year-old Gift Ban Act prohibits public employees such as Pritzker from accepting presents, with broad exceptions. Therefore, the high-priced hooch delivered compliments of the Japanese embassy and three bottles of tequila valued at $450 have remained untapped. Together, they comprise 4 1/2 years of gratuities totaling 561 gifts valued at $16,890.14, according to a log provided to The Associated Press in response to a public records request. Jim Edgar, the Gift Ban Act was the first major ethics reform in Illinois since post-Watergate campaign-finance disclosure laws.

Persons: J.B . Pritzker, Pritzker, hooch, ” Pritzker, “, Jordan Abudayyeh, John Bel Edwards, Sen, Paul Simon, Barack Obama, Jim Edgar, “ It’s, ”, David Melton, Tiffany Kuhl, Shimon Peres, Sidney Blumenthal, Bill Clinton, Abraham Lincoln, Ralph Nader, Mark Green, Donald Trump’s, Jody Coss, ” Coss, Mike’s, Jennifer Farrar Organizations: Ill, —, Democratic, Associated Press, Louisiana Gov, Hotel, Forbes, Republican Gov, Illinois, National Bobblehead Hall of Fame, Museum, Loyola University, Stephenson County Democratic Party, Associated Locations: SPRINGFIELD, — Illinois, Springfield, Chicago, Louisiana, Mardi Gras, U.S, Illinois, Swiss, Milwaukee, Victoria ”, Freeport, Stephenson County, Rockford, New York

☆ US economy added 336,000 jobs last month, almost twice what was expected
▼ + stars: | 2023-10-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

The US economy added an estimated 336,000 jobs last month, blowing expectations out of the water, according to Bureau of Labor Statistics data released Friday. In September, leisure and hospitality helped drive job growth higher, with 96,000 jobs added. Today’s headline jobs number — that surprising 336,000 net job gain — is an initial estimate that will be revised twice more. The surprising September jobs report, however, didn’t continue that streak. August’s second look has job growth now at 227,000 for the month, an increase of 40,000.

Persons: ”, Sung, Soh, Joe Biden, “, it’s, ” Biden, Andrew Patterson, ” Patterson, they’ve, Jim McCoy, we’re, ” Daniel Zhao, Glassdoor’s, ” Julia Pollak, didn’t, ” Diane Swonk, — CNN’s Tami Luhby Organizations: Minneapolis CNN, of Labor Statistics, Loyola Marymount University, SS Economics, BLS, Federal Reserve, Dow, Nasdaq, Bureau of Labor Statistics, Vanguard, Fed, Administration, Children, Families, Nationwide, Century, CNN Locations: Minneapolis, United States

A scientist who studies the airborne transmission of diseases, a master hula dancer and cultural preservationist, and the sitting U.S. poet laureate were among the 20 new recipients of the prestigious fellowships from the John D. and Catherine T. MacArthur Foundation, known as “genius grants,” announced on Wednesday. MacArthur fellows receive a grant of $800,000 over five years to spend however they want. Fellows are nominated and endorsed by their peers and communities through an often yearslong process that the foundation oversees. Many past fellows like Octavia Butler, Paul Farmer and Twyla Tharp are luminaries in their fields and Marlies Carruth, who directs the MacArthur Fellows program, emphasized that they hope fellows will support and inspire each other. "To think that I’ve actually been selected as one is really mind-blowing,” she said, of the MacArthur fellows.

Persons: John D, Catherine T, ”, MacArthur, it’s, Ada Limón, Allamay Barker, “, Limón, ” Limón, Octavia Butler, Paul Farmer, Twyla Tharp, Carruth, Andrea Armstrong, Patrick Makuakāne, Imani Perry, Linsey Marr, Marr, Ian Bassin, Bassin, Tendayi, Rina Foygel Barber, Courtney Bryan, Jason D, María Magdalena Campos, Pons, Raven Chacon, Diana Greene Foster, Lucy Hutyra, Carolyn Lazard, Lester Mackey, Manuel Muñoz, Williams, Amber Wutich Organizations: MacArthur Foundation, University of Montevallo, NASA, Marlies Carruth, MacArthur Fellows, Loyola University New Orleans, College of Law, Black, Virginia Tech, Protect Democracy, MacArthur, Mexican American, Associated, Lilly Endowment Inc, AP Locations: Lexington , Kentucky, Alabama, Louisiana, Caribbean, Americas, Mexican, Central

☆ Ethan Hawke taps Flannery O’Connor's fiction to tell her story in 'Wildcat'
▼ + stars: | 2023-09-12 | by ( Jenna Zucker | ) www.reuters.com time to read: +2 min

[1/3] Director Ethan Hawke poses during the international premiere of "Wildcat" at the Toronto International Film Festival (TIFF) in Toronto, Ontario, Canada September 11, 2023. Born in 1925, O’Connor was a highly regarded fiction writer in the Southern Gothic style. In “Wildcat,” which had its international premiere at the Toronto International Film Festival (TIFF), Hawke pulls from the author’s fiction to tell her story. He and his daughter Maya Hawke, the film's star, wanted to showcase O’Connor’s ability to capture the human condition in prose. “I used her own writing to tell the story.”O’Connor’s writing won several literary awards, and she was featured on a postage stamp in 2015.

Persons: Ethan Hawke, Carlos Osorio, Flannery O’Connor, O’Connor, Hawke, Maya Hawke, ” Hawke, ”, Maye Hawke, “, ” Maya Hawke, Laura Linney, Regina, O'Connor, “ She’s, ” Linney, Jenna Zucker, David Gregorio Our Organizations: Toronto, Film, REUTERS, Rights, Loyola University of Maryland, ‘ Loyola University of Maryland, The University of Maryland, Thomson Locations: Toronto , Ontario, Canada, American

Michelle Lujan Grisham's emergency order suspending the right to carry firearms in public in and around Albuquerque drew an immediate court challenge from a gun-rights group Saturday, as legal scholars and advocates said they expected. The governor, a Democrat, said the 30-day suspension, enacted as an emergency public health measure, would apply in most public places, from city sidewalks to parks. The top Republican in the New Mexico Senate, Greg Baca of Belen, also denounced Lujan Grisham’s order as an infringement on the gun rights of law-abiding citizens. Levinson said she was not aware of any other governor taking a step as restrictive as Lujan Grisham. “I don’t think it will be a political loss for (Lujan Grisham) to be overturned,” Levinson said.

Persons: Michelle Lujan, Foster Haines, Lujan Grisham, ”, Jessica Levinson, Sam Bregman, Albuquerque Mayor Tim Keller, Harold Medina, Bregman, Bernalillo County Sheriff John Allen, “, ” Allen, ” Medina, Gilbert Gallegos, Levinson, ” Levinson, Dudley Brown, Greg Baca, Lujan Grisham’s, Dan Lewis, Gavin Newsom, Jacob Charles, ” Charles, ” ___ Ritter, Stern, Sonner, Rio, Morgan Lee, Terry Tang, Felicia Fonseca Organizations: New, New Mexico Gov, National Association for Gun Rights, Loyola Marymount’s Loyola Law School, Democratic, Saturday, Albuquerque Mayor, Police, Bernalillo County Sheriff, U.S . Department of Justice, Press, Republican, New Mexico Senate, Council, of Health, California Gov, Democrat, Pepperdine Caruso School of Law, Las Vegas, Associated Press, America Statehouse News Initiative, America Locations: New Mexico, Albuquerque, U.S, Los Angeles, Bernalillo County, Bernalillo, Taos County, “, Colorado, Belen, Las, Reno , Nevada, Las Vegas, Santa Fe, , New Mexico, Phoenix, Flagstaff , Arizona

☆ Kody Brown's 18 children have grown up on 'Sister Wives.' Here's a look at their lives today.
▼ + stars: | 2023-08-27 | by ( Esme Mazzeo | Palmer Haasch | ) www.businessinsider.com time to read: +13 min

TLCKody Brown's 18 children have grown up on "Sister Wives." Here's everything we know about the lives of Kody Brown's kids today, from their careers to their marital statuses and beyond. She expressed a love for fashion on "Sister Wives," and enrolled in UNLV in 2015, but dropped out in 2016. In a 2022 episode of "Sister Wives," Ysabel revealed just how close she and her mom were after her parents split up. Truely Brown, 13Truely Brown is Christine and Kody's youngest daughter and the first Brown child born after "Sister Wives" began filming.

Persons: Janelle, Christine, Robyn, Meri Brown, Garrison Brown, —, Kody Brown, Kody, Logan Brown, Janelle Brown, He's, Brown, Logan, Michelle Petty, Aspyn Thompson, neé Brown, Christine Brown, Mitch Thompson, Aspyn, Thompson, Kendra Scott, Leon Brown, Instagram, Leon, Audrey Kriss, Madison Brush, Madison, Kody's, Caleb Brush, Maddie, Axel, Evangalynn, Evie, Josephine, Mykelti, Antonio, Tony, Padron, Avalon, Archer, Hunter Brown, Hunter, Audrey Hubert, She's, Paedon Brown, John Yates, Robert Garrison Brown, Garrison, Gabe, David Preston, Dayton, Robyn Brown, David Jessop, Meri, Paedon, Yates, Gabriel Brown, Gwendlyn Queiroz, Gwendlyn, Beatriz Queiroz, Aurora Brown, Ysabel Brown, Per, Ysabel, Breanna Brown, Breanna, Savanah Brown, Truely Brown, Truely, Solomon Brown, Ariella Brown Organizations: Service, American, University of Nevada, Las Vegas, UNLV, Loyola University, Entertainment, Air Force, Air Force Academy, Johns Hopkins University, Utah National Guard, National Guard, NBC, Police, LinkedIn, Northern Arizona University, YouTube, University of Utah, Madison Locations: Arizona, StartUpNV, Nevada, Utah, Salt Lake City , Utah, Las, Salt Lake City, Chicago, Avalon, Las Vegas, Flagstaff , Arizona, Rome, Italy, Dayton, Europe, North Carolina, Christine

☆ July CPI report shows inflation gauge rose 3.2%, less than expected
▼ + stars: | 2023-08-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

watch nowThe consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy. Prices accelerated a seasonally adjusted 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics reported Thursday. The annual rate for the core also was slightly below a Dow Jones consensus estimate for 4.8%. Markets reacted positively to the report, with futures tied to the Dow Jones Industrial Average up more than 200 points and Treasury yields mostly lower. Almost all of the monthly inflation increase came from shelter costs, which rose 0.4% and were up 7.7% from a year ago.

Persons: Dow Jones, Sung Won Sohn, Rick Rieder Organizations: of Labor Statistics, Dow Jones, Markets, Treasury, SS Economics, Loyola Marymount University, Federal, BLS, Federal Reserve, BlackRock Locations: U.S

☆ Slower, but still strong US employment growth expected in July
▼ + stars: | 2023-08-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is still expected to show a tight labor market, with the unemployment rate steady near multi-decade lows, though wage growth probably moderated. Nonfarm payrolls likely increased by 200,000 jobs last month, after rising 209,000 in June, according to a Reuters survey of 80 economists. Still, employment growth would be double the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Striking Hollywood writers and actors also likely had no impact on employment growth. Though annual wage growth remains too high to be consistent with the Fed's 2% inflation target, it would be the latest indication of wage pressures continuing to subside into the third quarter.

Persons: Elizabeth Frantz, Sam Bullard, Nonfarm, Carl Riccadonna, Sung Won Sohn, Veronica Clark, Lucia Mutikani, Diane Craft Organizations: REUTERS, Federal Reserve, Labor, Fed, BNP, Labor Department's Bureau of Labor Statistics, Institute for Supply, Labor Department, Conference, Finance, Loyola Marymount University, Citigroup, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles

☆ The FBI surveilled J. Robert Oppenheimer for months on one man's suggestion. During the surveillance, interviewees alleged he was feeding nuclear secrets to the Soviet Union.
▼ + stars: | 2023-07-29 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +4 min

The FBI watched J. Robert Oppenheimer for months after he helped make the WWII-ending atomic bomb. Reports from the FBI show Oppenheimer was accused of Communism and spreading information to Russia. During the investigation, though, Pitzer said he had new doubts about Oppenheimer's loyalty to the country, due to his initial reservations about the development of the H-bomb. The Atomic Heritage Foundation does consider Oppenheimer likely to have held communist sympathies, but maintains that information in the report was exaggerated. At the end of the inquest, Oppenheimer's top-level security clearances were revoked, a devastating blow to the scientist.

Persons: Robert Oppenheimer, Oppenheimer, J, Christopher Nolan's, Edgar Hoover, Lewis Strauss, Hoover, Strauss, Kenneth Pitzer, Pitzer, Ward Evans, Jean Tatlock, Bernard Peters, Oppenheimer's, Jennifer Granholm, Granholm, AHF Organizations: FBI, Congress, Service, US Atomic Energy, Los Alamos National Laboratory, UC, Loyola University , Chicago, Atomic Energy, German Communist Party, Atomic Heritage Foundation, USA, US, Department of Energy, DOE Locations: Russia, Wall, Silicon, Soviet Union, UC Berkeley's

CNN —Donald Trump’s legal troubles deepened earlier this week when he was informed by special counsel Jack Smith that he’s the target of the criminal investigation into the aftermath of the 2020 election – the clearest sign yet that the former president could soon face more criminal charges. But without more detail, it’s hard to know exactly what shape the charges will take or what Trump 2020 election-related conduct they are aimed at. Among the potential charges Trump has been warned about is one pertaining to witness tampering, according to the Wall Street Journal and other outlets. Trump’s alleged involvement in a criminal conspiracy has been invoked in the litigation around the House select committee that investigated January 6’s pursuit of Trump lawyer John Eastman’s emails. That ruling pointed both to the obstruction of an official proceeding statute and the general conspiracy statute.

Persons: Donald Trump’s, Jack Smith, Smith, Trump, Todd Blanche, ”, Norm Eisen, “ Trump, Shan Wu, CNN’s Manu Raju, Mike, Joe Biden, ” Eisen, “, Justin Levitt, Levitt, Douglass Mackey, ” Mackey, Joe Biden’s, Enrique Tarrio, Trump’s, John Eastman’s, David O, Carter, Eastman, Elie Honig, ” Honig Organizations: CNN, Sunday, White, Trump, ABC, The New York Times, Loyola Law School, Obama Justice Department, Biden White House, Klux Klan, Wall Street, Justice Department, Boys, Eastman, Capitol Locations: United States, New York, Georgia, Arizona

☆ The Philippines women's soccer team is making history at this year's Women's World Cup.
▼ + stars: | 2023-07-20 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +4 min

Led by coach Alen Stajcic, who formerly coached the Australian Women’s National Team, the squad will make history no matter the result of Friday’s game. ‘The word is spreading’Before joining the national team, California born Sarina Bolden – whose penalty kick clinched the island nation’s spot at the tournament – had never been to the Philippines. The 27-year-old is hopeful her country’s presence in the World Cup will promote soccer both in the Philippines – where other sports such as basketball and boxing remain more popular – and among the Filipino diaspora. In 2022, she was a key part of the Philippine National team that progressed to the knockout stages of the AFC Women’s Asian Cup for the first time. Bolden said she’s already seen awareness and interest grow in the Philippines following the team’s on field successes and historic qualification for the World Cup.

Persons: they’ll, Alen Stajcic, Stajcic, “, ”, ” Stajcic, Sarina Bolden –, –, “ Everyone’s, Bolden, ” Bolden, she’s Organizations: New Zealand CNN, Philippines ’, Women’s National Team, CNN, Filipina, Western Sydney Wanderers, Loyola Marymount University, LMU Lions, Philippines, Philippine National, AFC, women’s Locations: Auckland, New Zealand, Philippines, Switzerland, United States, California, Los Angeles, Europe, US, Asia, Taiwan, Japan

☆ It’s official: Silicon Valley’s entire business model is a scam
▼ + stars: | 2023-07-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."

Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, —, Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon

☆ Americans' wages are finally outpacing inflation. But could it last?
▼ + stars: | 2023-07-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks. Annual real weekly wages were up 0.6% last month, a rate that’s a tick below the 0.7% gain seen in February 2020. June also marked the second consecutive month of year-over-year real hourly wage growth — the first back-to-back months of gains since early 2021. Fears of a dreaded “wage-price spiral” — when rising wages and prices feed into each other — have made a bogeyman out of wage growth. And finally, supply-side inflation has drastically cooled to the point where annual inflation is practically flat — which, ideally, gives firms more wiggle room to pay workers, she said.

Persons: hasn’t, ’, That’s, ”, William Ferguson, Gertrude B, Austin, it’s, Alex Pelle, “, Sung Won Sohn, Ben Bernanke, ” Pelle, Julia Pollak, they’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, Grinnell College, stoke, Mizuho Securities, Loyola Marymount University, SS, San Francisco Fed, BLS Locations: Minneapolis, Iowa

☆ US inflation cooled in June for the 12th straight month
▼ + stars: | 2023-07-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics. The June annual rate is down from 4% in May and landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs. So the Fed and economists have been keyed in on what’s happening with core inflation, particularly core services.

Persons: Olivia Newton, ” William Ferguson, “, Joe Biden, ” Sung Won Sohn, Lael Brainard, ” Brainard, Brainard, ” Julia Pollak, ZipRecruiter, Sohn, ”, —, Nicole Goodkind Organizations: Minneapolis CNN, Bureau of Labor Statistics, CPI, Grinnell College, CNN, Federal Reserve, Loyola Marymount University, SS Economics, Core PCE, National Economic Council, Economic, of New, BLS, Kansas City Fed Locations: Minneapolis, Iowa, of New York

☆ Slower, still strong US job growth expected in June
▼ + stars: | 2023-07-07 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The economy needs to create 70,000-100,000 jobs per month to keep up with growth in the working-age population. A Conference Board survey last month showed consumers' perceptions of the labor market more upbeat in June relative to May. But first-time applications for unemployment benefits jumped to a 20-month high during the week that the government surveyed businesses for the nonfarm payrolls count. "They are going to opt to cut hours worked, that is something we need to pay very close attention to, rather than the net gain in nonfarm payrolls." The slowdown in wage growth is being driven by the loss of high-paying technology and finance jobs among others.

Persons: Jerome Powell, Sung Won Sohn, Payrolls, Ryan Sweet, Milton Ezrati, Yelena Shulyatyeva, Lucia Mutikani, Daniel Wallis Organizations: Labor, Federal Reserve, U.S, Loyola Marymount University, Institute for Supply, Board, Oxford Economics, West Chester Pennsylvania, BNP, Thomson Locations: y WASHINGTON, Los Angeles, payrolls, West Chester, nonfarm, New York

☆ ‘Love the Philippines:’ Ad agency apologizes for using footage of other countries in tourism video
▼ + stars: | 2023-07-03 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +3 min

CNN —A Filipino ad agency has come under fire for using footage of other countries in a promotional video for the country’s new tourism campaign, “Love the Philippines.”Days after the campaign launched on June 27, the Department of Tourism (DOT) said it was investigating allegations that the video contained several shots of countries other than the Philippines. On Sunday, DDB Philippines issued a statement “profusely” apologizing for the “highly inappropriate” use of foreign stock footage in the video, which has since been taken down. The use of foreign stock footage in a campaign promoting the Philippines is highly inappropriate, and contradictory to the DOT’s objectives,” DDB Philippines said, according to the CNN Philippines report. Last year, tourism represented 17% of the country’s GDP, the World Travel and Tourism Council reported in June, according to CNN Philippines. Otherwise, I have a duty to ask questions,” Salceda said, according to CNN Philippines.

Persons: “, ”, Ina Zara, Loyola, ” Zara, Christina Frasco, Frasco, it’s, Joey Salceda, ” Salceda Organizations: CNN, Department of Tourism, Philippines, DDB Philippines, CNN Philippines, Tourism Council Locations: Filipino, Philippines, CNN Philippines, Philippine

☆ The mourning dress codes of ‘Succession’
▼ + stars: | 2023-05-22 | by ( Jacquelyn Palumbo | Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

“Succession” has treated us to both a wedding and a funeral as fate of the Roy siblings spin out towards its finale (which is produced by Warner Bros. Discovery, parent company of CNN), and its penultimate episode gave us mourning dress codes in a grand Catholic setting. “I can do anything — my dad just died,” Shiv responds when asked for a favor at the mass. By episode nine, with the company in a shaky post-Logan transition, the optics of how the Roy siblings perform at the funeral hold a lot of weight. Emotions must be stamped down, they maintain a fragile façade, and getting too close to the truth of Logan Roy is met with a wall of cognitive dissonance.

In 2017, with Mr. Connors’ help, Mr. Maichle started his own company, Precision Compliance Consulting. ‘Boss Man’Mr. Connors, Mr. Lewis and Mr. Maichle were all active in college conservative politics in Wisconsin about 15 years ago, when Mr. Connors was the leader of campus Republicans at Marquette University. Of that, about $102,000 went to Campaign Now, the firm started by Mr. Connors, and another $112,000 to companies where Mr. Connors, Mr. Maichle or Mr. Lewis was either the owner or a partner, tax records show. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments.

☆ 'I got a check the other day for $8': TV and film writers share why they're on strike
▼ + stars: | 2023-05-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +7 min

TV and film writers at the picket line in New York on the first day of the WGA strike, May 2, 2023. Every three years, the Writers Guild of America, the TV and film writers' union, negotiates a contract with the Alliance of Motion Picture and Television Producers. "You go from job to job," and each contract can look different from writer to writer depending on their experience, for instance. TV writer Sheri Holman on strike in New York. TV and film writer Chisa Hutchinson.

☆ Man who threatened to bomb Merriam-Webster offices over gender identity definitions sentenced to year in prison
▼ + stars: | 2023-04-14 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

A California man got a year in prison over threats to Merriam-Webster and other businesses. Jeremy Hanson made threats related to gender, including some related to the definition of "female". Hanson used an anonymous account to post threatening responses to new definitions added to words like "female" on Merriam-Webster's website. "It is absolutely sickening that Merriam-Webster now tells blatant lies and promotes anti-science propaganda," Hanson wrote. "You [sic] headquarters should be shot up and bombed," Hanson wrote in a message on the site's Contact Us page.

☆ Slower, but still solid US job growth expected in February
▼ + stars: | 2023-03-10 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains maintaining their upward trend, underscoring a persistently tight jobs market. Estimates for February payrolls growth ranged from as low as 78,000 to as high as 325,000. "This would indicate the anticipated normalization in the labor market is taking longer than expected," said Jan Groen, chief U.S. macro strategist at TD Securities in New York. There's locational and skills mismatches, which basically means the labor market is not functioning efficiently," said Brian Bethune, an economics professor at Boston College. The Fed has to be careful about how they interpret what's going on in the labor market."

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