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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCBO Director Phillip Swagel: U.S. deficit projected to climb to $2.6 trillion in 2034CBO Director Phillip Swagel joins 'Squawk Box' to discuss the state of U.S. debt, the agency's deficit forecast, the impact of IRS tax enforcement on revenue collection, and more.
Persons: Phillip Swagel Locations: U.S
The US economy will grow by an extra $7 trillion over the next decade, according to estimates from the CBO. "The labor force in 2033 is larger by 5.2 million people, mostly because of higher net immigration. AdvertisementThe CBO also found that net immigration has risen since 2022, and it expects it to remain elevated through 2026. The US labor force is expected to surge over the next decade thanks to strong net immigration trends. Another knock-on effect of America's net immigration trends is its impact on the housing market, since it should result in continued demand for new homes.
Persons: Phillip Swagel, Swagel, Jerome Powell, Powell Organizations: CBO, Congressional, Office, Immigrants Locations: Japan, America
Montana Man Is Found Guilty in Jan. 6 Insurrection
  + stars: | 2024-02-07 | by ( Associated Press | Feb. | At P.M. | ) www.usnews.com   time to read: +2 min
(AP) — A Montana appliance store owner and supporter of former President Donald Trump was convicted Wednesday for his role in the Jan. 6, 2021, breach of the U.S. Capitol that interrupted certifying the 2020 Electoral College vote. Henry Phillip Muntzer of Dillon was arrested based on social media posts and videos taken inside the Capitol, according to court records. Muntzer, 55, was found guilty of obstructing an official proceeding and civil disorder, both felonies, following a bench trial before U.S. District Court Judge Jia M. Cobb. Muntzer was also found guilty of four misdemeanor charges. In Dillon, Muntzer is known for a pro-QAnon mural on the building that houses his appliance store, according to the Dillon Tribune.
Persons: HELENA, Donald Trump, Henry Phillip Muntzer, Dillon, Jia M, Cobb, Muntzer Organizations: U.S . Capitol, Attorney's, U.S, Prosecutors, Capitol, Electoral, House, Dillon Tribune Locations: Mont, Montana, U.S, Washington
CNN —Militant rebels in Indonesia’s restive West Papua are urging their most feared comrade to release a New Zealand pilot held hostage for a year. Mehrtens’ captors initially threatened to kill him unless New Zealand agreed to pressure Indonesia into allowing West Papua to secede from Indonesia, a seemingly impossible demand. West Papua separatist fighters release images of their hostage soon after his capture in February 2023. West Papua National Liberation ArmyFailed rescue effortsGrainy proof of life videos sent by the rebels between February and November 2023 show Mehrtens growing thinner and more unkempt. “The Indonesian response is dictated by the Indonesian military and their view is that they will hunt down this group, kill the leaders and release Mehrtens,” Kingsbury said.
Persons: Eganius Koyega, Phillip Mehrtens, Mehrtens ’, Mehrtens, Koyega, ” Koyega, ” TPNPB, Terryanus Satto, aren’t, hasn’t, Damien Kingsbury, , Winston Peters, Christmas Phillip, ” Peters, ” Kingsbury, , Cammi Webb, Gannon, ’ ”, Webb, ” Webb, TPNB, Andreas Harsono, Prabowo Subianto, “ Prabowo, ” Harsono Organizations: CNN — Militant, New, Koyega, West Papuan National Liberation Army, Free Papua Movement, West Papua National Liberation Army, Indonesian Army, New Zealand, New Zealand Foreign Affairs, New Zealand Government, CNN, Australia’s University of Wollongong, Indonesian, Human Rights Watch, Rights, West Locations: Indonesia’s restive West Papua, Zealand, Nduga, New Zealand, Indonesia, West Papua, Indonesian, Papuan, West, New, Australia, Jakarta, , ” West Papua, Papua
JAKARTA (Reuters) - New Zealand has called for the immediate release of Kiwi pilot Phillip Mehrtens, a year after he was taken hostage by rebels in Indonesia's Papua region, its foreign minister said on Monday. His continued detention serves the interests of no one," New Zealand Foreign Minister Winston Peters said in a statement. The New Zealand foreign minister said a range of government agencies continued to work extensively with their Indonesian counterparts to secure Mehrtens' release. The separatist group has released video of Mehrtens several times, asking the United Nations to mediate talks towards Papua's independence. In one of the videos, he was seen holding the banned Morning Star flag and surrounded by Papuan fighters.
Persons: Phillip Mehrtens, Egianus Kogoya, Mehrtens, Phillip, Winston Peters, Sebby Sambom, Ananda Teresia, Kate Lamb, Jamie Freed Organizations: Kiwi, West Papua National Liberation Army, New Zealand Foreign, United Nations, New Zealand, United, Star Locations: JAKARTA, New Zealand, Indonesia's Papua, Nduga, Papua, Papua New Guinea, United Nations
The world's second-largest economy has "very good potential" for Costco expansion, CFO Rich Galanti told CNBC. In an interview with Galanti, the warehouse club's numbers cruncher gave CNBC a glimpse at Costco's longer-term expansion plans. Costco plans to open one more China location this calendar year after the debut earlier this month of the store in the southern Chinese city of Shenzhen. Costco's international segment "continues to grow as a percent of the store base," he told CNBC. Shoppers queue in the parking lot to enter the Costco Wholesale Corp. store in Shenzhen, China, on Sunday, Jan. 14, 2024.
Persons: Rich Galanti, Galanti, Craig Jelinek, Jim Cramer, We've, Jelinek didn't, Ron Vachris, signups, Phillip Blee, William Blair, Blee, cardholders, Corey Tarlowe, Tarlowe, Michael Baker, Davidson, Kirkland, bode, Jim Cramer's, Jim, Qilal Shen Organizations: Costco, CNBC, cruncher, Disney, Jefferies, D.A, Kirkland, Tarlowe, Shoppers, Costco Wholesale Corp, Bloomberg, Getty Locations: Shenzhen, China, Canada, North America, United States, Mexico, South America, Shanghai, U.S,
AdvertisementLast summer, a drone captured footage of a ghostly white shark near the coast of Santa Barbara, California. It turned out to be an extremely rare sighting of a baby white shark, and its appearance could help scientists solve some big mysteries. A strange white colorDespite their name, white sharks are usually gray and white. AdvertisementPregnant white sharks produce the yellowish fluid, uterine milk, to provide nutrition for the developing embryo. "Observations of free-swimming newborn white sharks are extremely rare," Tobey Curtis, a National Oceanic and Atmospheric Administration shark scientist who didn't participate in the research, told Science.
Persons: , Carlos Gauna, Phillip Sternes, Sternes, Tobey Curtis, Curtis Organizations: Service, University of California, Administration, Science Locations: California, Santa Barbara , California, Riverside
“All he’s done since he’s been here is play at an elite level and everything starts with him. Facing skepticism after that first season, it wasn’t clear to Lions fans heading into the 2022 season if Goff was going to be around long. It started a wave of momentum that built into the greatest Lions season that most fans have ever experienced. Goff throwing the ball during the third quarter against the San Francisco 49ers in the NFC Championship. Goff, meanwhile, made a few spectacular throws, a few dangerous ones and many safe ones to his playmakers.
Persons: Santa Clara , California CNN — Brock Purdy, Joe Montana, Steve Young, Colin Kaepernick, Jimmy Garoppolo, Brock Purdy, Purdy, Jared Goff, Goff –, Santa Clara –, Goff, Iowa State University –, he’s, I’ve, ” Purdy, God’s, David J, Phillip, Kurt Warner, Warren Moon, Moon, Trey Lance, “ They’ve, they’ve, Garoppolo, Lance, “ He’s, I’m, Kyle Juszczyk, , Brock, , Christian McCaffrey, Alex Anzalone, Mark J, Terrill, Goff wasn’t, Matthew Stafford, Motown –, Dan Campbell’s, Stafford, Campbell, Ezra Shaw, you’re, didn’t, you’ve, ’ ” Purdy, Brandon Aiyuk, , Juszczyk, ” Juszczyk, couldn’t, Dan Campbell Organizations: Santa Clara , California CNN, San Francisco 49ers, Super, Detroit Lions, NFC, Area, Levi’s, Lions, Motor City, Bay, Iowa State University, 49ers, Kansas City Chiefs, ” San Francisco 49ers, Warner, Iowa State, Las Vegas Raiders, Dallas Cowboys, Chiefs, ” 49ers, Games, Los Angeles Rams, Rams, New England Patriots, Bowls, Motown, Detroit, ” Lions Locations: Santa Clara , California, Santa Clara, Motor, Ames , Iowa, alma mater, Vegas, , Detroit, Michigan, Purdy
First ever sighting of newborn great white reported
  + stars: | 2024-01-29 | by ( Katie Hunt | ) edition.cnn.com   time to read: +5 min
CNN —Drone footage shot off the coast of Southern California may have revealed the first ever glimpse of a newborn great white shark in the wild. Adult great white sharks are gray on top and white underneath. “I believe it was a newborn white shark shedding its embryonic layer.”The case for the baby great white sightingWhile in utero, embryonic sharks feed on unfertilized eggs for protein. If their assessment is correct, it’s the first time that a newborn great white shark has been observed in the wild. In addition, other researchers have suggested this location off the coast of central California is a birthing ground for great white sharks.
Persons: Carlos Gauna, Phillip Sternes, Sternes, ” Sternes, , , ” Gauna, Gavin Naylor, ” Naylor, wasn’t, Nicholas Ray, Ray, Greg Skomal Organizations: CNN, University of California, Florida Program, Shark Research, University of Florida, Florida Museum, Nottingham Trent University, Massachusetts Division of Marine Fisheries Locations: Southern California, Carpinteria , California, University of California Riverside, California, South Africa
Read previewSince moving to Melbourne, Australia , in November, Tara has spent her time off from her job as a restaurant host going to beaches or seeing the Penguin Parade at Phillip Island. AdvertisementTara, 29, is loving life in Australia after moving from London and changing lanes from a corporate job to working in hospitality. She talked to BI about her career switch into hospitality and the pros and cons of living in Australia. AdvertisementA personal con about living in Australia is being far away from friends and family and the time difference to reach them. Tara said she's happier living in Melbourne and that "living here feels like I really am on holiday everyday."
Persons: , Tara, Tara Pros, that's, I've, She's Organizations: Service, Business Locations: Melbourne, Australia, Phillip, Yarra, London, Sydney, Southeast Asia, Malaysia, Manchester, London —, Merseyside
Sydney CNN —“Australia Day is Dead!” Indigenous activist Gwenda Stanley chants into the loudspeaker, as a crowd of thousands breaks into applause. This is not a day to celebrate.”Nearby, Kevin Shaw-Taylor agrees January 26 is “absolutely not” an appropriate day for national celebrations. On the other side of the city, the Australia Day party was in full swing. A yacht sails in Sydney Harbor to mark Australia Day on January 16, 2024. Instead of guilt on Australia Day, a vast number of Australians “associate it with summer fun,” says Bongiorno, from the ANU.
Persons: Gwenda Stanley, It’s, Lynda, June Coe, Jenny Evans, , Grace, Elise, Kevin Shaw, Taylor, Arthur Phillip, Dan Himbrechts, EFE, Frank Bongiorno, , Asanka Ratnayake, Chelsea Watego, , Peter Dutton, ” Dutton, Dutton, Brad Banducci, Banducci, ” Banducci, Captain Cook, Queen Victoria, Queen, Diego Fedele, “ I’m, UQ’s, we’ve, we’re Organizations: Sydney CNN —, Indigenous, , CNN, Australia, First Nations, Sydney, British Royal Navy, Australian National University, ANU, Aboriginal, Torres Strait Islanders, Voters, Nations, Curumba, Sea, Indigenous Voice, Coalition, Woolworths, Sovereign Movement, Blak Locations: Sydney, “ Australia, Belmore, Sydney’s, Australia, Sydney Harbor, Melbourne, Queensland, Queen Victoria
Oil rises on U.S. crude stock draw, China stimulus hopes
  + stars: | 2024-01-25 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus measures and economic recovery. "A significant drop in the U.S. oil inventories and expectations of China's economic recovery and more stimulus measures supported oil prices," said Toshitaka Tazawa, an analyst at Fujitomi Securities. U.S. crude stockpiles tumbled by 9.2 million barrels last week, the Energy Information Administration said, more than quadruple the 2.2 million-barrel draw analysts forecast in a Reuters poll. Oil prices also drew support from hopes for China's economic recovery. "Oil investors do need a concrete catalyst to propel prices any further which honestly seem (to be) missing for now, Sachdeva said.
Persons: Toshitaka Tazawa, Priyanka Sachdeva, Phillip Nova, Sachdeva Organizations: Brent, U.S, West Texas, Fujitomi Securities, Energy Information Administration Locations: U.S, China, Yemen
Democratic primary in New Hampshire was called for Biden on Tuesday. AdvertisementPresident Joe Biden won the Democratic primary in New Hampshire on Tuesday night despite not even appearing on the ballot. Biden did not appear on the ballot after the Democratic National Committee clashed with New Hampshire state leaders after the party decided to rearrange the primary schedule to make South Carolina's the first Democratic primary during the electoral season. Biden won without being on the ballot due to the help of local volunteers who mounted a campaign to pressure Democratic voters to write in the president's name on their primary ballots. The push to write in Biden on the ballot didn't go completely smoothly.
Persons: Biden, , Joe Biden, — wasn't, Dean Phillip, Marianne Williamson Organizations: Democratic, Service, Democratic National, New Locations: New Hampshire
CNN —Megalodons, the huge prehistoric sharks depicted in movies such as “The Meg,” had more slender bodies than was previously thought, according to a new study. Many mysteries remain about the biology of megalodons, but until now, great white sharks had been used to model their appearance. The dark grey silhouette depicts the previously reconstructed body form, based on the great white shark. Kenshu Shimada/DePaul UniversityThis new research is based on the reappraisal of an incomplete set of fossil vertebrae found in Belgium. The research suggests that “the modern great white shark may not necessarily serve as a good modern analog for assessing at least certain aspects” of megalodon biology, said Shimada.
Persons: CNN — Megalodons, Meg, , Kenshu Shimada, Phillip Sternes, megalodons, megalodon, Shimada, ” Shimada, Organizations: CNN, DePaul University in, University of California, DePaul University Locations: DePaul University in Chicago, Riverside, Belgium
Richard Mille RM011 Felipe Massa Chronograph Rose GoldJay Z expanded his collection of Richard Mille watches with this RM011 Felipe Massa Chronograph in rose gold. The rapper's Audemars Piguet Royal Oak 26585CE has an openwork sapphire dial and rose gold dial markers. Patek Philippe Nautilus 5711 in Tiffany BlueThe Patek Philippe 5711 was released in limited quantities in early 2021. The watch is based on the AP Royal Oak design that debuted in 1972 from watch designer Gérald Genta. Patek Philippe 2499Patek Philippe produced this watch from 1950 to 1985 in extremely limited quantities — only 349 were made.
Persons: , Jay Z, Shawn Carter, Audemars Piguet, Hublot, Otis, Beyoncé, de Genève, Jay Z's Shawn Carter Hublot, Shawn Carter Hublot, Richard Mille, Richard Mille Jay Z's, freestyled, Rich Schultz, Richard Mille RM011 Felipe Massa Chronograph Rose, Felipe Massa Chronograph, Felipe Massa, Mille, Richard Mille RM027 Rafael Nadal Richard Mille, Matthew Stockman, Richard Mille RM027 Rafael Nadal, Rafael Nadal, Novak Djokovic, Nadal, Richard Mille Rafael Nadal, Roger Kisby, Audemars that's, 26585CE, Philippe, Phillip, Tiffany, Tiffanys Jay Z, Patek Philippe collab, Tiffany Blue, Audemars, Yves Klein, Klein, Gérald, Paul Newman Dial, Paul Newman, Newman, Jay, Z, Patek Philippe, Phillip Patek Jay Z, DJ Khaled, Patek, Patek Philippe Grandmaster, Getty, Jay Z's Patek Philippe, Tony Kavak, Kavak Organizations: Service, Business, GQ, Getty, Radio City Music Hall, Philippe Nautilus, AP, IFL Locations: Swiss, Brooklyn, Mille, Paris, French, Christie's, Geneva
Why Lamar Jackson is in a league of his own
  + stars: | 2024-01-19 | by ( Ben Morse | ) edition.cnn.com   time to read: +10 min
He’s had some up-and-down years through injury and offensive woes, but this season Jackson has been back to his best, leading a No. 1 playoff seed and, while the year ended in playoff disappointment, Jackson had delivered one of the best regular seasons ever by an NFL quarterback. Jackson speaks after winning the NFL MVP award at the end of the 2019 season. “To be honest with you, I really didn’t care for other teams, really,” Jackson told reporters during his signing press conference. That’s the accolade that I really want so bad.”And now, with a second NFL MVP almost certainly sewn up, don’t bet again Jackson lifting the Vince Lombardi Trophy on February 11.
Persons: CNN —, LeBron James, Lamar Jackson, Michael Vick, He’s, Jackson, Jackson scrambles, Michael Owens, Jim Rassol, Lance Zierlein, quarterbac Vick, Julie Jacobson, , , “ It’s, LeBron James ’, Reassuringly, Ozzie Newsome, Joe Flacco, Flacco, hadn’t, Tom Brady, David J, Phillip, There’s, ” Jackson, Thearon, Henderson, ’ Jackson, wasn’t, ’ …, Nick Shook, Rob Carr, Jim Gray, don’t, Vince Lombardi Organizations: CNN, NBA, NFL, Baltimore Ravens, Miami Dolphins, Boynton Beach High School, Sun Sentinel, Tribune, Service, Louisville Cardinals, Atlantic Coast Conference, Louisville, Ravens, Cincinnati Bengals, Baltimore, Bowl, San Francisco 49ers, Levi's, Getty, AFC, Los Angeles Rams Locations: Florida, Jackson, Baltimore, Maryland
She was kidnapped by Matthew Muller in Vallejo, California, in the middle of the night. When Huskins reappeared after her ordeal, Vallejo police accused her of staging the abduction as a hoax. Muller was ultimately ID'd as Huskins' kidnapper, and the Vallejo police eventually apologized publicly to Huskins for the labeling her ordeal a hoax. AdvertisementMuller was indicted in a Sacramento federal court on kidnapping charges in October 2015, nearly seven months after Huskins' abduction. AdvertisementBut state charges for the rape of Huskins were filed in Solano County Superior Court against Muller in 2018.
Persons: Denise Huskins, Matthew Muller, Muller, , Felicity Morris, Bernadette Higgins, Huskins, Aaron Quinn, Quinn, fiancée, Andrea Roberts, Vallejo, Gillian Flynn's, David Fincher, Amy Dunne, Rosamund Pike, Nick Dunne, Ben Affleck, Quinn weren't, Misty Carausu, " Muller, Phillip A, Talbert, Huskins hadn't, he'd, Muller wasn't, He's Organizations: Service, San Francisco, Authorities, Netflix, Dublin, FBI, San Francisco Chronicle, US, Court, Napa State Hospital, CBS, FCI Tucson, Federal Bureau of Prisons, Vallejo Locations: Vallejo , California, partner's California, South Lake Tahoe, Huntington Beach, Vallejo, Dublin , California, Netflix's, Dublin, Huntington, South Lake, South, Tahoe, Sacramento, Alameda, Solano County, Napa, Arizona
This story is available exclusively to Business Insider subscribers. TRAC , a San Francisco-based early-stage venture firm cofounded by Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, and Dick Fredericks in 2020, has set about to take a more systematic approach to venture capital. Advertisement"A SuperForecaster is in the top 1/10th of 1% of all early-stage investors," Aaron told Business Insider. But now TRAC has agreed to name names, revealing a random sampling of 30 of the 287 SuperForecasters in its model. They rarely make follow-on investments.
Persons: , Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks, Phillip Tetlock, Dan Gardner's, Aaron, SuperForecasters Organizations: Service, Business Locations: San Francisco
CNN —Bill Belichick has interviewed for the vacant head coach role with the Atlanta Falcons, the team announced on Monday. Elsewhere, reigning NCAA national champion head coach Jim Harbaugh interviewed for the open head coaching job with the Los Angeles Chargers, the team announced on Monday. David J. Phillip/APHarbaugh has coached in the NFL before, spending four seasons as the head coach of the San Francisco 49ers. In the 2012 season, he lost in Super Bowl XLVII – against his older brother and Baltimore Ravens head coach John Harbaugh. In his four NFL seasons as a head coach, Harbaugh led the 49ers to the NFC championship game three times and had an overall record of 49-22-1, including 5-3 in the postseason.
Persons: Bill Belichick, Belichick –, , Tom Pelissero, Belichick, Mike Macdonald, Brian Callahan, Steve Wilks, Ejiro Evero, Anthony Weaver, Harbaugh, Jim Harbaugh, David J, Phillip, John Harbaugh, Kellen Moore, Todd Monken, Patrick Graham Organizations: CNN, Atlanta Falcons, New England Patriots, Falcons, Patriots, NFL, Belichick’s Patriots, Baltimore Ravens, Cincinnati Bengals, San Francisco 49ers, Carolina Panthers, Ravens, NCAA, Los Angeles Chargers, Michigan Wolverines, Washington Huskies, Chargers, Harbaugh, Michigan's College Football Playoff, 49ers, NFC, Las Vegas Raiders Locations: Massachusetts, Foxborough, New England, Los Angeles, Baltimore
John Krasinski and Emily Blunt wore glamorous outfits with coordinating jewelry. Phillip Faraone/Getty Images for FIJI WaterBlunt wore a bright-red gown by Armani Privé which stood out for the rose details that adorned the shoulder. Meanwhile, Krasinski opted for a cream tuxedo jacket, brown pants, and a bow tie. While the outfits appeared completely different, the couple subtly coordinated with their jewelry from Tiffany & Co. Blunt wore a sapphire, opal, and diamond bracelet and diamond earrings and Krasinski wore a star-shaped brooch.
Persons: John Krasinski, Emily Blunt, Phillip Faraone, FIJI Water Blunt, Armani, Krasinski, Blunt Organizations: FIJI, Tiffany
Under his leadership, Belichick took an organization that never sniffed a Super Bowl title and made it a regular occurrence. Jeff Haynes/AFP/Getty Images Belichick, right, coaches alongside New York Giants head coach Bill Parcells during a playoff game in 1984. Jim Rogash/Getty Images Belichick watches from the sideline as his team plays the Seattle Seahawks in the 2015 Super Bowl. Tom Pennington/Getty Images Belichick presents President Donald Trump with an official Super Bowl helmet at the White House in 2017. Kevin C. Cox/Getty Images Belichick leaves the field after losing to the Kansas City Chiefs in December 2023.
Persons: Jeff Pearlman, Jim Fregosi, Paul Olkowski, Fregosi, “ Skip, “ John, , , ” Fregosi, Bill Belichick, Nick Saban, Alabama’s, Belichick, Saban, Tom, Randy Moss, Bear Bryant, Vince Lombardi, Jeff Haynes, Bill Parcells, Parcells, Arthur Anderson, Ralph Waclawicz, George Gojkovich, Anthony Pleasant, Wayne Scarberry, Al Pereira, Robert Kraft, Kraft, Al Messerschmidt, Kevin Terrell, Tom Brady, Damian Strohmeyer, Karen Warren, Steve, David J, Phillip, Jay Leno, Paul Drinkwater, videotaping, Roger Goodell, Matthew West, Peyton Manning, Reed, Jim Rogash, Christian Petersen, Brady, Tom Pennington, Donald Trump, Samuel Corum, Kevin C, Cox, Maddie Meyer, Steven Senne, , Deion Sanders, Dan Campbell, he’s, Mike Ditka, George Allen, Steve Rushin, Doug Rader, Lou Piniella, it’s Organizations: CNN, Sports, Toronto Blue Jays, Sports Illustrated, Super, New England Patriots, Tide, Bama, Super Bowl, Getty, New York Giants, Parcells, ESPN, Cleveland Browns, Denver Broncos, Buffalo Bills, New York Jets, Jets, NFL Hall of Fame, Patriots, St, Louis Rams, Jacksonville Jaguars, Houston Chronicle, Philadelphia Eagles, NBCU, Bank, NFL, MediaNews, Boston Herald, Indianapolis Colts, Reed Saxon, Giants, Belichick, AFC, Seattle Seahawks, White House, Atlanta Falcons, Anadolu Agency, Los Angeles Rams, Kansas City Chiefs, The Patriots, Twitter, University of Colorado, Detroit Lions, Schlitz, Chicago Bears, Washington Redskins, California Angels, Seattle Mariners Locations: Tuscaloosa , Alabama, AFP, Baltimore, Hawaii, Boulder, California, Swiss,
On an annual basis, inflation ticked up to 3.4% from 3.1% previously. The core CPI, stripping out energy and food costs, was unchanged but dipped down to 3.9% annually from 4% in November. Government measures of housing costs tend to lag market rates, which have been trending down for apartment rental rates lately. The central bank decided at its meeting last month to leave interest rates unchanged while also penciling in at least three cuts in 2024. The Fed did warn that, should the economy perform stronger than expected, it retains the option to increase interest rates, though the probability of that is seen as low.
Persons: , , Phillip Neuhart Organizations: Federal Reserve, Labor, Fed, Markets, First, Bank Wealth Management, Dow Jones Industrial
Gold slides on brewing concerns of U.S. rate cuts still far off
  + stars: | 2024-01-11 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Spot gold was down 0.1% at $2,024.99 per ounce, after rising as much as 0.8% before the data. The dollar index extended gains after data showed U.S. consumer prices rose more than expected in December, which could delay a much anticipated U.S. rate cut in March. Traders see a 67% probability of a rate cut in March, according to the CME FedWatch tool, compared with about a 71% chance seen before the report. Higher rates dim the appeal of gold, which pays no interest.
Persons: Gold, hawkish, Loretta Mester, Tom Barkin, Phillip Streible, Streible, Tai Wong, Silver Organizations: Aurum, Federal Reserve, Cleveland Fed, Richmond Fed, Blue, Traders Locations: Chicago, New York
In 2020, Ralph Lauren launched initiatives to expand its “collegiate sensibility,” which first resulted in a 2022 collaboration with Morehouse and Spelman Colleges incorporating the traditions and styles of historically Black colleges and universities. “Ralph Lauren has always been inspired by the people, art and cultures that make up America,” wrote David Lauren, son of founder Ralph and the company’s chief branding and innovation officer, in an email to CNN. Courtesy Ralph LaurenThe designer, activist and TikTok-famous skateboarder enthusiastically “reimagined” signature Ralph Lauren silhouettes, like the Great Ranch Coat, an outerwear piece she’d admired for years. “So it was just me, weaving exactly how they would, just true to their own style.”"Heritage and tradition are at the center of everything I love," said Ralph Lauren in a statement. Ryan RedCorn/Courtesy Ralph LaurenGlasses' collection features 32 pieces total, in colors "inspired by her homeland on Navajo Nation," the brand said.
Persons: Ralph Lauren’s, “ It’s, Ralph Lauren polos, nava, , , Ralph Lauren, ’ ”, Ryan RedCorn, Ralph Lauren “, Tyler Sr, , Gabriella Hearst, Jai Al, “ Ralph Lauren, David Lauren, Ralph, America —, Glasses, I’m, Ralph Lauren Glasses, Piki Wadsworth, Ralph Lauren flagships, Osage multihyphenate, , Daryn, “ Ryan, Ralph Lauren's, Ralph Lauren That’s, Phillip Bread, Mato Mayuhi, Tyler Organizations: CNN, New, Futures, Morehouse, Spelman Colleges Locations: Rock Point , Arizona, Navajo, New York City, Oxford, America, concho, Saltillo, White, Phoenix, lensed
COLUMBUS, Ohio (AP) — Drew Doughty scored 33 seconds into overtime and the Los Angeles Kings rallied from a three-goal deficit in the third period, beating the Columbus Blue Jackets 4-3 on Tuesday night for their NHL record-tying 10th straight road win. Phoenix Copley stopped 26 for the Kings, who have won seven of their last eight games and matched the road win record of the 2006-07 Buffalo Sabres. Kirill Marchenko, Johnny Gaudreau and Mathieu Olivier scored, and Elvis Merzlikins stopped 35 for Columbus, which has lost eight games this season after holding a lead in the final 20 minutes. The first two periods were all Columbus, as the Blue Jackets built a three-goal lead heading into the final 20 minutes, helped by a first period, power-play goal from Marchenko, and second-period scores from Gaudreau and Olivier. Blue Jackets: Visit New York Islanders on Thursday.
Persons: — Drew Doughty, Phoenix Copley, Phillip Danault, Arthur Kaliyev, Vladislav Gavrikov, Kirill Marchenko, Johnny Gaudreau, Mathieu Olivier, Elvis Merzlikins, Gaudreau, Olivier, ___ Organizations: Los Angeles Kings, Columbus Blue Jackets, NHL, Buffalo Sabres, Columbus, Blue Jackets, Visit Montreal Canadiens, . Blue Jackets, New York Islanders Locations: COLUMBUS , Ohio, Columbus, Los Angeles, Marchenko, Kaliyev
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