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“I never loved him,” Trump said of Valadao, according to a GOP member. Trump did not shy away from acknowledging the bad blood between House Speaker Mike Johnson and GOP Rep. Marjorie Taylor Greene, who unsuccessfully tried to oust Johnson against Trump’s wishes. House Republicans voted to hold Attorney General Merrick Garland in contempt of Congress on Wednesday. In his meeting with GOP lawmakers, Trump called the Department of Justice “dirty no good bastards,” according to another source in the room. In a news conference after the meeting, House Majority Whip Tom Emmer said that the former president’s felony convictions have only energized the party that will propel them to victory in November.

Persons: Donald Trump, Taylor Swift, Nancy Pelosi, Trump, –, David Valadao, “, ” Trump, Valadao, Mike Johnson, Marjorie Taylor Greene, Johnson, Trump’s, Greene, “ He’s, ”, ’, Merrick Garland, Department of Justice “, Kevin Hern, Tom Emmer, it’s, ” Emmer, Roe, Wade, Nancy Mace, Ronald Reagan, Derrick Van Orden, Pelosi, —, popstar Taylor Swift, Joe Biden, Hannibal Lecter Organizations: CNN, House Republicans, Capitol, Republicans, GOP, Department of Justice, Food, Milwaukee, Wisconsin Republican, Milwaukee ”, Republican Locations: California, Oklahoma, New York, Ukraine, Wisconsin, Milwaukee

☆ G7 leaders huddle in Italy, escaping political peril at home
▼ + stars: | 2024-06-13 | by ( Kevin Liptak | ) edition.cnn.com time to read: +7 min

Rarely has the yearly gathering of the world’s leading economies been so overshadowed by the political vulnerabilities of nearly all its members. She emerged as the only European G7 leader bolstered by last week’s European Parliament elections. “I am proud that Italy will present itself to the G7, to Europe with the strongest government of all. The leaders of France and Germany are contending with very different sets of political circumstances. Whether it is Trump at the G7 table next year or Biden is among the great unknowable questions hanging over the gathering.

Persons: Joe Biden’s, Donald Trump, Emmanuel Macron, don’t, Jake Sullivan, Sullivan, Biden, –, ”, Volodymyr Zelensky, Zelensky, “, Josh Lipsky, Giorgia Meloni, Meloni, Trump, Brothers, ” Meloni, Rishi Sunak, Canada’s Justin Trudeau —, Japan’s Fumio Kishida, who’s Organizations: CNN, Parliamentary, National Assembly, “, Ukraine, GeoEconomics, Atlantic Council, Italian, United, Conservative Political, Conference, Reuters, Trump Locations: Italy, Puglia, France, United Kingdom, United States, Paris, Ukraine, Russia, Kyiv, it’s, China, India, Brazil, Turkey, United Arab Emirates, Europe, Germany, Britain, Sicily, haggling, Quebec, Biarritz

☆ Ernest Shackleton’s ‘last ship’ Quest found on ocean floor
▼ + stars: | 2024-06-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

CNN —Shipwreck hunters have found the vessel Quest — once captained by renowned Antarctic explorer Ernest Shackleton — largely intact on the ocean floor, 15 nautical miles off the coast of Canada, the Royal Canadian Geographical Society has announced. Quest carries not only the history of his voyages, but potentially artifacts from expeditions that continued until 1962, when the vessel sank, experts say. Quest sank on May 5, 1962, after being crushed by ice in the Labrador Sea off of Canada, according to the news release. The Quest sank on May 5, 1962, after being crushed by ice in the Labrador Sea off of Canada. “He’s just an excellent example of a leader who made himself and his team capable of making the impossible possible.”It is noteworthy that a handful of men on Shackleton’s Quest expedition were also on Endurance’s expedition turned survival mission, Koehn said.

Persons: —, Ernest Shackleton —, Shackleton, Sir Ernest Shackleton, ”, John Geiger, “ Shackleton, David Mearns, Quest, Ernest Shackleton, ” Geiger, Mearns, “, Ernest Shackleton’s, Nancy Koehn, “ He’s, Koehn, we’re Organizations: CNN, Royal Canadian Geographical Society, Quest, South Atlantic, Central Press, Hulton, Harvard Business School Locations: Canada, Antarctica, Georgia, South, Rowett, Cape Town, South Africa, London, Norwegian, Labrador, Weddell, South Georgia

☆ The Fed Holds Rates Steady and Predicts Just One Reduction This Year
▼ + stars: | 2024-06-12 | by ( Jeanna Smialek | ) www.nytimes.com time to read: 1 min

Federal Reserve officials left interest rates unchanged at their June meeting on Wednesday and predicted that they will cut borrowing costs just once before the end of 2024, taking a cautious approach as they try to avoid declaring a premature victory over inflation. While the Fed had been expected to leave rates unchanged, its projections for how interest rates may evolve surprised many economists. When Fed officials last released quarterly economic estimates in March, they anticipated cutting interest rates three times this year. Investors had expected them to revise that outlook somewhat this time, in light of stubborn inflation early in 2024, but the shift to a single cut was more drastic. Jerome H. Powell, the Fed chair, made clear in a postmeeting news conference that officials were taking a careful and conservative approach after months of bumpy inflation data.

Persons: Jerome H, Powell Organizations: Federal Reserve, Investors

☆ At Stellantis investor day, cost cuts and China come into focus
▼ + stars: | 2024-06-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Massimo Pinca | ReutersDETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. "We are not in the race to transition to EVs, but in a race to cut cost on EVs," Tavares said in late May during a Bernstein investor conference. The cuts are part of Stellantis' strategic plan to increase profits and double revenue to 300 billion euros by 2030. Executives on Thursday will outline developments across Stellantis' regions and businesses, including its capital and operational disciplines, according to Stellantis CFO Natalie Knight. "The share price reaction to the [capital markets day] will likely be driven by how these short-term concerns are addressed.

Persons: Carlos Tavares, Massimo Pinca, Tavares, " Tavares, Stellantis, Ned Curic, EVs, I've, Natalie Knight, David Dee Delgado, Ram, China's, Patrick Hummel Organizations: Reuters DETROIT, Atlantic, PSA Groupe, Fiat Chrysler, Ram, CNBC, Amazon, New York, Auto, Reuters, Cox Automotive, UBS, GM, Ford Locations: Turin, Italy, U.S, Auburn Hills , Michigan, Manhattan , New York, China

☆ Climate and Kathy Hochul’s Pause on New York Congestion Pricing - The New York Times
▼ + stars: | 2024-06-12 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +2 min

Kathy Hochul, a Democrat, who announced her unilateral decision about the suspension last week: perhaps slightly better chances for New York Democrats in a couple of fall congressional races. Tax coffers have rebounded, too, to the extent that the city canceled a raft of planned budget cuts. The one obvious measure by which the city has not mounted a full pandemic comeback is subway ridership — a measure that congestion pricing would have helped and pausing it is likely to hurt. In announcing the pause, she also expressed concern for the financial burden the $15 surcharge would impose on working New Yorkers, though the city’s working class was functionally exempted from the toll by a rebate system for those with an annual income of $60,000 or less. But each of them was within spitting distance of Grand Central, where an overwhelming share of foot traffic — and commercial value — comes from commuters using mass transit.

Persons: Kathy Hochul, Hakeem Jeffries, Hochul, she’d Organizations: New, Metropolitan Transportation Authority, Democrat, New York Democrats, New York Republicans, Grand Central Locations: York, New York State, Manhattan, New York City, Grand

☆ 'Put it to rest': DOJ shoots down House Republican conspiracy that it controlled Trump NY case
▼ + stars: | 2024-06-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

But Uriarte said there is no evidence showing any coordination between the federal government and Manhattan District Attorney Alvin Bragg, who brought the hush money case against Trump. The DOJ conducted a "comprehensive" search for communications between its leaders and the Manhattan District Attorney's office about any investigation or prosecution of Trump from Jan. 20, 2021, through his May 30 conviction in New York, Uriarte said. "The District Attorney's office is a separate entity from the Department. The Department does not supervise the work of the District Attorney's office, does not approve its charging decisions, and does not try its cases," he said. "The Department has no control over the District Attorney, just as the District Attorney has no control over the Department."

Persons: General Merrick Garland, General Carlos Uriarte, Jim Jordan, Donald Trump, Joe Biden, Uriarte, Attorney Alvin Bragg, Trump Organizations: Department of Justice, Department, CNBC, The, of Justice, Republicans, DOJ, Manhattan, Attorney, Trump, Manhattan District, Jan, District Attorney Locations: Washington ,, New York, Ohio, York

☆ Powerball: New Year’s Day $842 million jackpot winner was just announced in Michigan
▼ + stars: | 2024-06-11 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +2 min

CNN —The second-largest lottery prize ever won in Michigan has just been claimed after a New Year’s Day drawing – solving a six-month mystery. The Michigan Lottery announced a group called The Breakfast Club as the winner of an $842 million Powerball jackpot. An attorney representing the lottery club spoke on their behalf but didn’t say how many members are part of the group. “The club members have felt many emotions since realizing their ticket was the one,” the group’s attorney said. The Breakfast Club members are recipients of the sixth-largest Powerball prize ever won.

Persons: “ They’ve, They’ve, “, ” Organizations: CNN, Michigan Lottery, ” Group, Breakfast Locations: Michigan, Grand Blanc

☆ G7 summit: Mafia-style violence is on the rise in the same region of Italy where G7 leaders are meeting
▼ + stars: | 2024-06-11 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +8 min

The town of Fasano and surrounding countryside, near the luxury resort of Borgo Egnazia, the venue of the G7 summit, on June 4, 2024. A view of Borgo Egnazia, in Puglia, where the G7 summit will be held from June 13 to 15, taken on May 26, 2014 in Savelletri, Brindisi, Italy. The security machine that will protect the world’s leaders of the world’s most advanced economies is well established, and headed by DIGOS. Workers at the attendee accreditation point for the G7 summit in Fasano, Italy, on Wednesday June 5, 2024. Donato Fasano/Getty ImagesSpecialized military police working with the anti-mafia law enforcement unit are keeping a close watch on known criminal groups.

Persons: Rome, Giorgia Meloni, Francesca Volpi, That’s, Vittorio Pisani, DIGOS, Luigi Carnevale, ”, Borgo, Donato Fasano, Victoria Beckham, Madonna, Ivanka Trump, Aldo Melpignano, Pope Francis, Recep Tayyip Erdogan, Saudi Arabia’s King Salman bin Abdulaziz Al, Saud, Pisani, ” Pisani Organizations: Rome CNN —, Sacra Corona, Cosa Nostra, Camorra, DIGOS, Brindisi –, Bloomberg, CNN, Interior Ministry, Michelin, Workers, Getty, Saudi, US, ” Locations: Italian, Puglia, Foggia, Cosa, Sicily, Naples, Calabria, Italy, Balkans, Bari, Brindisi, Fasano, Borgo Egnazia, Savelletri, David, Turkish, United States, Germany, Britain, France, Canada, Japan, Schengen, Borgo Egnazi

☆ Dan Hurley declines Lakers head-coaching job, will return to UConn: Sources
▼ + stars: | 2024-06-10 | by ( The Athletic Staff | ) www.nytimes.com time to read: +5 min

The UConn coach declined a six-year, $70 million contract offer from the Los Angeles Lakers to become the team’s next head coach, team and league sources confirmed Monday. Los Angeles would have made Hurley one of the NBA’s six highest-paid coaches. Lakers vice president of basketball operations Rob Pelinka and team governor Jeanie Buss made an aggressive pitch to Hurley in Los Angeles on Friday. The Lakers are open to any contract structure that will keep James in Los Angeles, league sources told The Athletic. History repeats itself for the Los Angeles Lakers.

Persons: Jovan Buha, Brendan Quinn, Dana O’Neil Dan Hurley, Hurley, John Wooden, Rob Pelinka, Jeanie Buss, Dan Hurley didn’t, Ham, —, podcaster JJ Redick, James Borrego, Anthony Davis, Redick, LeBron James, James, Mike Krzyzewski, Laker Kobe Bryant, K, Dan Hurley, Mike Vorkunov, Tom Izzo, Billy Donovan, Donovan, he’ll, Donovan Clingan, Tristen Newton, Alex Karaban, Hassan Diarra, Jaylin Stewart, Chris Coduto Organizations: NBA, UConn, Los Angeles Lakers, NCAA, UCLA, Lakers, ESPN, New Orleans Pelicans, of Fame, Duke, Laker, Michigan State, Cleveland Cavaliers, Orlando Magic, Big Locations: Angeles, Los Angeles, Storrs, Conn, Florida, Connecticut

☆ In Germany, Far-Right Party Rises to 2nd Place in E.U. Election
▼ + stars: | 2024-06-10 | by ( Sarah Maslin Nir | Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

The right-wing Alternative for Germany party won a record number of votes in European Union elections on Sunday, in a sharp rebuke to Chancellor Olaf Scholz’s governing three-party coalition in Germany and a sign of the rightward political shift across the continent. The party, known as AfD, captured 16 percent of the vote, placing second behind Germany’s conservative Christian Democrats, which won 30 percent. It was AfD’s strongest showing in a nationwide election, and it came as Mr. Scholz’s coalition has reached record-low levels of popularity in the country, according to polls. A spokesman for Mr. Scholz has ruled out early elections. Describing her party’s showing a “major success,” Ms. Weidel said at a news conference in Berlin that the government was working against, not for, Germany.

Persons: Chancellor Olaf Scholz’s, Scholz’s, Alice Weidel, Mr, Scholz, Emmanuel Macron, ” Ms, Weidel, ” Organizations: Germany, Christian Democrats, “ Locations: Germany, France, Berlin

☆ M.T.A. Will Push to Run Subway Safely With Toll Plan Halted, Chief Says
▼ + stars: | 2024-06-10 | by ( Ana Ley | Ed Shanahan | ) www.nytimes.com time to read: +1 min

The chief executive, Janno Lieber, said the agency, the Metropolitan Transportation Authority, would emphasize “basic stuff to make sure the system doesn’t fall apart” after Gov. Kathy Hochul’s abrupt move last week to halt a congestion-pricing plan that was to finance capital projects. Mr. Lieber, speaking at a news conference where he was joined by a group of grim-faced authority executives, said Ms. Hochul’s decision would force the M.T.A. to shrink its current capital budget, and could potentially affect its next budget and even ripple into day-to-day operations. Among the future projects at risk was the next phase of the Second Avenue Subway line, he said.

Persons: Janno Lieber, Kathy Hochul’s, Lieber, Hochul’s Organizations: Metropolitan Transportation Authority Locations: New York

☆ Is a recession coming? Economists say look at women’s lips
▼ + stars: | 2024-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Estee Lauder chairman Leonard Lauder created the lipstick index during the economic downturn following September 11, 2001. In fall 2001, US lipstick sales increased by 11%. “The lipstick index has been substituted with the moisturizing index,” said Freda. But data shows that more expensive prestige beauty sales are outpacing mass, lower-priced beauty sales. What do you see dominating the beauty market in the second half of the year?

Persons: Estee Lauder, Leonard Lauder, Fabrizio Freda, ”, Freda, “, Sephora, Bell, Neela Montgomery, Laura Mercier, We’ve, it’s, Skincare, It’s, we’re, Inflection’s, OpenAI, Sarah Myers West, ” West, Brian Fung, Jerome Powell, Price Organizations: CNN Business, Bell, New York CNN, CNN, Federal Trade Commission, Microsoft, FTC, Justice Department, Google, Nvidia, DOJ, US Department of Treasury, OPEC Monthly, Federal Reserve, US Bureau of Labor Statistics, Signet Jewelers, Federal Locations: New York, Asia

☆ Modi, Striking a Modest Tone, to Be Sworn In for a Third Term
▼ + stars: | 2024-06-09 | by ( Mujib Mashal | Hari Kumar | ) www.nytimes.com time to read: 1 min

As a humbled Narendra Modi prepared to take the oath for a third term as India’s prime minister on Sunday, the political air in New Delhi appeared transformed. The election that ended last week stripped Mr. Modi of his parliamentary majority and forced him to turn to a diverse set of coalition partners to stay in power. Their leaders have been swarmed by TV crews while on their way to present demands and policy opinions to Mr. Modi. Above all, the change can be seen in Mr. Modi himself. He pitches himself as the modest administrator that voters showed they wanted.

Persons: Narendra Modi, Modi Locations: New Delhi

☆ What Made New York Great? Leadership. Where Is It Now?
▼ + stars: | 2024-06-09 | by ( Michael Kimmelman | ) www.nytimes.com time to read: +1 min

Have we lost the ability to do big things? It’s a question after Gov. Kathy Hochul suddenly put an “indefinite pause” on a plan to institute congestion pricing for driving in a large swath of Manhattan, an idea dating back some six decades to the Lindsay era. But back in December, at a rally promoting congestion pricing, she had said: “From time to time, leaders are called upon to envision a better future, be bold in the implementation and execution, and be undaunted by the opposition.”“This is when we demonstrate leadership,” she declared at the time. New York has been suffering a leadership crisis for a while now.

Persons: Kathy Hochul, Lindsay, ” Organizations: Democratic Locations: Manhattan, Nassau , Suffolk, Westchester, New York

☆ Back-to-back shark attacks in Florida, 2 critically injured. Why the Sunshine Sate tops the rankings of shark bites globally.
▼ + stars: | 2024-06-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Two shark bite incidents in Florida on Friday occurred within 90 minutes of each other. The attacks left two people in a severe condition and a third in a stable condition. Florida has consistently topped global rankings for the number of shark bites. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo shark bite incidents just 90 minutes apart at two separate beaches on Florida's Gulf coast, left three people injured on Friday.

Persons: —, Ryan Crawford, Crawford Organizations: Service, Walton Fire, Business Locations: Florida, Walton

☆ Israel’s Euphoria Over Hostage Rescue May Be Fleeting
▼ + stars: | 2024-06-09 | by ( Isabel Kershner | ) www.nytimes.com time to read: +5 min

Other video footage showed people running for cover as a powerful airstrike exploded near them. Many of those killed were women and children, the hospital officials said. Israel’s military spokesman, Rear Adm. Daniel Hagari, estimated the number of casualties to be under 100, without specifying whether these were dead or wounded or both. Hours later some of the dead had already been buried by their families while others had yet to be claimed, according to Dr. Daqran. “The Apache started to bomb and fire directly at people,” he said, according to Reuters, adding that there were many dead and injured.

Persons: Israel, Khalil Daqran, Marwan Abu Nasser, Daniel Hagari, Daqran, “, ”, Khaled al, Khitam Awad, Ms, Awad, Al Awda, “ Al, Abu Nasser, Bilal Shbair Organizations: Al, Aqsa Martyrs Hospital, New York Times, Hamas, Reuters, “, Gaza Health Ministry Locations: Nuseirat, Gaza, Aqsa, Deir al, Rafah, Israel, Al Aqsa, “ Al Awda

Palestinians mourn their relatives who were killed by an Israeli bombardment at Al-Aqsa Martyrs Hospital in Deir al-Balah, Gaza, on June 8. Ismael Abu Dayyah/APThe Israeli military rescued four hostages held in central Gaza on Saturday in a major daytime operation. The strip’s government media office said at least 210 Palestinians were killed and more than 400 injured by the Israeli bombardment as it carried out the hostage rescue operation. Over 200 Palestinians dead:At least 210 people have been killed and more than 400 injured as a result of the Israeli operation, the enclave’s government media office said. IDF spokesperson Rear Adm. Daniel Hagari said the hostages had been locked in rooms of apartments in multistory civilian buildings.

Persons: Ismael Abu Dayyah, Noa Argamani, Almog Meir Jan, Andrey Kozlov, Shlomi Ziv, Balah, Israel, Daniel Hagari, Hagari, Benjamin Netanyahu, Argamani, that’s, Joe Biden, ”, Gantz postpones, Benny Gantz, Netanyahu, Gantz Organizations: Aqsa Martyrs Hospital, Israeli, Israel Defense Forces, Nova, CNN, Al, Families, Sheba Hospital, Ichilov, White Locations: Al, Aqsa, Deir al, Gaza, Nuseirat, Ramat Gan, Tel Aviv, American, Israel

☆ Israel rescues four hostages in operation Gazan officials say killed more than 200
▼ + stars: | 2024-06-08 | by ( Niamh Kennedy | Benjamin Brown | ) edition.cnn.com time to read: +10 min

CNN —The Israeli military rescued four hostages in a special operation in the Nuseirat refugee camp, central Gaza, that Gazan authorities said killed 236 people and injured more than 400 others. An Israeli policeman from a special counter-terrorism unit was killed in Saturday’s rescue operation, according to Israeli police. At least 236 people have been killed as a result of the rescue operation and more than 400 injured, hospital officials in Gaza said Saturday. The killed and wounded were taken to two hospitals in Gaza, Al-Awda Hospital in Nuseirat and Al-Aqsa Martyrs Hospital in Deir Al-Balah. An Israeli military spokesperson put the number of casualties from the operation at “under 100,” and had no information on how many of those were civilians.

Persons: Noa Argamani, Almog Meir Jan, Andrey Kozlov, Shlomi Ziv, ’, Dr Marwan Abu Nasser, Balah, Daniel Hagari, Argamani, Hagari, ” Hagari, Nidal Abdo, ”, Abu Abdallah, “, Ismail Haniyeh, ” Abu Obaida, Al, Ori Megidish, Fernando Marman, Louis Har, Isaac Herzog, Avinatan, Liora Argamani, Noa, Joe Biden, Argamani’s, Benjamin Netanyahu, – Almog Meir Jan, Yehuda, – Shlomi Ziv, Ziv, Miren, – Andrey Kozlov, ” Orit Meir, ” Meir, Jennifer Master, ” Yaakov Argamani, ” Rozi Ziv Organizations: CNN, Israel Defense Forces, Nova, HaShomer Medical Center, Awda, Aqsa Martyrs Hospital, Aqsa, Palestinian, Hamas, IDF, Brigades, Presidential Press, Reuters, Ichilov, Israeli Locations: Gaza, Nuseirat, ’ Tel, Al, Aqsa, Deir Al, Deir al, Israeli, “, Israel, Rafah, Chinese, Tel Aviv, Russian

☆ Fed rate cut guessing game dominates ahead of 5 major events for investors
▼ + stars: | 2024-06-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Market wrap : Stocks were mixed and drifting in Friday afternoon trading. Wall Street's earlier gains Friday came despite a surge in bond yields and another pushout of Federal Reserve interest rate cut odds. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Morgan Stanley, Friday's, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Abbott Laboratories, Nvidia, Apple, Developers, FDA, Broadcom, Jim Cramer's Charitable Locations: Wells

☆ Hiking family discovers rare T. rex fossil
▼ + stars: | 2024-06-07 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

Now, the museum has unveiled what it calls “Teen Rex,” a rare juvenile T. rex skeleton, one of only a handful in existence. We had cameras rolling while it was happening.”The dinosaur-discovering family returns to the site in July 2023 for the excavation, including (clockwise from upper left) Sam Fisher, Emalynn Fisher, Danielle Fisher, Liam Fisher, Kaiden Madsen and Jessin Fisher. A lower jaw of the T. rex skeleton is uncovered during the 11-day excavation. Courtesy Denver Museum of Nature and Science“That’s been a fiercely fought out debate, the Nanotyrannus versus Tyrannosaurus Rex,” Lyson said. “Tyrannosaurus isn’t common and juvenile dinosaurs are incredibly rare, so young T. rex are the rarest of the rare,” he said.

Persons: Liam Fisher, Sam Fisher, Jessin, Liam, Kaiden Madsen, hollered, Kaiden, ” Liam, “ Dad, ‘, Fisher, Tyler Lyson, “ Teen Rex, ”, Lyson, “, Emalynn Fisher, Danielle Fisher, Jessin Fisher, Hawk, Rex, That’s, Tyrannosaurus Rex, ” Lyson, It’s, Nick Longrich, Nanotyrannus, Longrich, I’ll Organizations: CNN, Denver Museum of Nature, Denver Museum of Nature &, Denver Museum of Nature & Science, University of Bath Locations: North Dakota, Denver, United Kingdom

☆ The Fed's rate decision and May inflation data will be key tests for the stock market next week
▼ + stars: | 2024-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The next rate decision from the Federal Reserve coupled with May inflation data, both on Wednesday, will play key roles in how stocks perform next week — quite probably lending added volatility to an already jittery market. The Fed's rate decision All eyes are on the Fed next week and its rate decision that's set to come down at 2 p.m. Wednesday. But investors have tempered expectations since then amid a spate of stubborn inflation data. That makes May's consumer price index report due out before the bell Wednesday another key focal point for investors. Economists polled by Dow Jones are bracing for the consumer price index to rise 3.4% year over year and 0.1% on a monthly basis.

Persons: nonfarm, Kathryn Kaminski, Scott Wren, they've, it's, Tony Roth, Envestnet's Dana D'Auria, D'Auria, Dow Jones, Wells, Wren, John Belton, Apple, Jerome Powell, John Wiley Friday Organizations: Federal, Nvidia, Apple, Microsoft, GameStop, Dow, AlphaSimplex Group, Fed, Federal Open Market, European Central Bank, European Union, Wells Fargo Investment, Wilmington Trust's, CPI, Apple's Worldwide, Broadcom, Dave, Treasury, Signet Jewelers, University of Michigan Locations: Wells Fargo, Cupertino , California

☆ The Hubble Space Telescope makes a big change to keep observing the universe
▼ + stars: | 2024-06-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —The Hubble Space Telescope will transition to a new way of operating that aims to prevent the space observatory from experiencing lapses in its ability to observe the universe, according to NASA officials. The storied telescope, which has captured breathtaking images of the cosmos for 34 years, has traditionally operated using six gyroscopes. NASA's Hubble Space Telescope eyes the universe in May 2009 after one of the space shuttle missions to service the space observatory. Hubble is expected to operate into the mid-2030s, with its cosmic observations providing a complement to the work of the James Webb Space Telescope and future observatories that haven’t launched yet, Clampin said. “We do not see Hubble as being on its last legs,” Crouse said, “and we think it’s a very capable observatory.”

Persons: Mark Clampin, Hubble, Clampin, Patrick Crouse, Crouse, ” Clampin, James Webb, “, ” Crouse Organizations: CNN, Hubble, NASA, Astrophysics, NASA's Hubble, Goddard Space Flight, James Webb Space Telescope Locations: Greenbelt , Maryland

☆ European Central Bank heads for first rate cut since 2019: Live updates
▼ + stars: | 2024-06-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, April 11, 2024. The European Central Bank is widely expected to announce a reduction in interest rates at its meeting in Frankfurt on Thursday, despite lingering inflationary pressures in the 20-nation euro zone. The central bank's key rate has been at a record 4% since September 2023. A cut would be the ECB's first since September 2019, when the deposit facility was in negative territory. Canada on Wednesday became the first G7 nation to cut interest rates in the current cycle, while Sweden and Switzerland's central banks already announced their own rate reductions this year.

Persons: Christine Lagarde, Lagarde Organizations: European Central Bank, ECB, Reuters, U.S . Federal Reserve, Wednesday Locations: Frankfurt, Germany, Canada, Sweden

☆ South Africa’s President Announces Plan to Form National Unity Government
▼ + stars: | 2024-06-06 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

Days after his African National Congress party faced historic losses at the polls, President Cyril Ramaphosa of South Africa said on Thursday that he will seek to form a government that includes a wide range of parties, some with starkly opposing views. since the fall of apartheid, South Africa has been in limbo since the watershed election on May 29 when voters punished the ruling party for failing to address issues like skyrocketing unemployment, regular power outages and high rates of crime. Over the next few days, a weakened A.N.C. “We invite political parties to form a government of national unity as the best option to move our country forward,” Mr. Ramaphosa said in a news conference late on Thursday night. “This moment calls for the broadest unity of the people of South Africa.”

Persons: Cyril Ramaphosa of, “, Mr, Ramaphosa, ” Organizations: African National Congress Locations: Cyril Ramaphosa of South Africa, South Africa, Africa’s

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