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☆ 10-year Treasury rises as investors weigh state of economy
▼ + stars: | 2024-05-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over two basis points to 4.5639%, holding above the 4.5% mark it initially crossed Tuesday. The 2-year Treasury yield was last less than one basis points higher to 4.9580%. U.S. Treasury yields were higher on Wednesday as investors considered the state of the economy and digested a weak auction on the five-year note. Yields climbed higher Tuesday after a Treasury Department auction of 5-year notes worth $70 billion saw weak demand. Investors also considered how the economy is faring and awaited fresh economic data due throughout the week which could inform Federal Reserve policymaking.

Persons: Neel Kashkari Organizations: Treasury, U.S, Treasury Department, Federal, Minneapolis, Tuesday, CNBC, Fed

☆ Weekly mortgage demand drops to three-month low, as rates begin climbing again
▼ + stars: | 2024-05-29 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what had been several weeks of strengthening mortgage demand. As a result, total mortgage application volume fell 5.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Borrowers remain sensitive to small increases in rates, impacting the refinance market and keeping purchase applications below last year's levels. Mortgage rates jumped sharply to start this week, rising 12 basis points just on Tuesday, according to a separate survey from Mortgage News Daily.

Persons: Joel Kan, Kan, Neel Kashkari Organizations: Mortgage, Mortgage News, Minneapolis Federal, CNBC Locations: Austin , Texas

☆ Nasdaq closes at record high, Fed's Kashkari seeks more inflation data for rate cuts, GameStop soars
▼ + stars: | 2024-05-29 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average fell more than 200 points after hawkish comments from Minneapolis Federal Reserve President Neel Kashkari. Fed's Kashkari seeks more inflation dataThe Federal Reserve should wait for significant progress on inflation before cutting interest rates, Kashkari told CNBC on Tuesday. GameStop soarsShares of GameStop jumped more than 20% after the video game retailer announced it raised $933 million from a share offering. [PRO] Riding the AI boomCNBC's Todd Gordon analyzes a cybersecurity company that could benefit from investor enthusiasm for artificial intelligence-related stocks.

Persons: Neel Kashkari, Fed's Kashkari, Kashkari, Vasu Raja, Raja, Korea's, Hang Seng, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, Federal, American Airlines, GameStop, Japan's Nikkei, China's CSI, International Monetary Fund Locations: Minneapolis, Asia, Pacific

☆ Fed's Kashkari wants to see 'many more months' of positive inflation data before a rate cut
▼ + stars: | 2024-05-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC Tuesday. Asked what conditions were needed for the Fed to cut rates once or twice this year, Kashkari said: "Many more months of positive inflation data, I think, to give me confidence that it's appropriate to dial back." He said the central bank could potentially even hike rates if inflation fails to come down further. He noted that the central bank may consider raising its target rate in the future, but said it was not appropriate to "move the goal posts" at this stage. The Bank of England is also broadly expected to cut rates this summer.

Persons: Neel Kashkari, Kashkari Organizations: Minneapolis Federal, CNBC, Fed, European Central Bank, ECB, Bank of England Locations: U.S

☆ The Fed will have to raise rates if inflation strays from the target, says Stifel’s Lindsey Piegza
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will have to raise rates if inflation strays from the target, says Stifel’s Lindsey PiegzaLindsey Piegza, Stifel chief economist, joins 'Squawk Box' to discuss Minneapolis Federal Reserve President Neel Kashkari's recent comment on rate hikes, her expectations from the Fed, and more.

Persons: Stifel’s Lindsey Piegza Lindsey Piegza, Neel Kashkari's Organizations: Minneapolis Federal

☆ Watch CNBC's full interview with Fed President Neel Kashkari
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fed President Neel KashkariWatch CNBC's full interview with Federal Reserve Bank of Minneapolis President Neel Kashkari where he discusses the conditions needed for a interest rate cut, why he thinks the Fed should take its time, and why he's not ruling out a potential rate hike.

Persons: Neel Kashkari, he's Organizations: Federal Reserve Bank of Minneapolis

☆ Stock market today: Nasdaq hits record, Dow tumbles as bond yields spike
▼ + stars: | 2024-05-28 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +2 min

The Nasdaq finished at a record while the Dow tumbled. Nvidia soared but the broader market weakened amid a fresh spike in Treasury yields. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks finished mixed on Tuesday, with the Nasdaq at a record but the Dow Jones Industrial Average sliding more than 200 points. Weighing on shares during the session was a jump in Treasury yields as the latest auction was met with lukewarm demand.

Persons: Dow, —, Neel Kashkari, Elon Musk Organizations: Nasdaq, Nvidia, Service, Dow Jones, Federal Reserve, Minneapolis

☆ More interest-rate hikes aren't off the table yet, Fed president says
▼ + stars: | 2024-05-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Interest-rate hikes aren't out of the question, Minneapolis Fed President Neel Kashkari said. "If we get surprised by the data, then we would do what we need to do," he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs markets debate the timing of when interest rates could finally ease, investors shouldn't be so sure rate hikes won't resume. According to Minneapolis Federal Reserve Bank president, Neel Kashkari, monetary policy is likely restrictive enough for now, but no central banker can say with certainty that more rate hikes are completely out of the question.

Persons: Neel Kashkari, —, shouldn't Organizations: Service, Minneapolis Federal Reserve Bank, Business Locations: Minneapolis

☆ Its Future in Doubt, the Freewheeling ‘Inside the NBA’ Is on Edge Instead
▼ + stars: | 2024-05-28 | by ( Tania Ganguli | ) www.nytimes.com time to read: +1 min

The future of “Inside the NBA” was already a sensitive topic when Charles Barkley stepped into an elevator in Minneapolis after Game 3 of the Western Conference finals late Friday night. Without those, the long-term future of “Inside the N.B.A.” is uncertain. Kenny Smith, Barkley’s on-screen foil, voiced his irritation. But Barkley, as he has done throughout his decades in the public eye, made clear that he wouldn’t be muzzled. “Hey man, I can talk to who I want to,” Barkley said to Smith, using an expletive.

Persons: ”, Charles Barkley, Barkley’s, Barkley, Kenny Smith, ” Barkley, Smith Organizations: “, Western Conference, Warner Bros, TNT Locations: Minneapolis

☆ No need to hurry into rate cuts, Fed's Kashkari says: 'We should take our time and get it right'
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo need to hurry into rate cuts, Fed's Kashkari says: 'We should take our time and get it right'Minneapolis Federal Reserve President Neel Kashkari says he wants to see "many more months" of positive inflation numbers before interest rates start to come down — and refused to rule out a rate hike if needed.

Persons: Fed's Kashkari, Neel Kashkari Organizations: Minneapolis Federal Locations: Minneapolis

☆ Stock market today: Nasdaq hits record ahead of new inflation data
▼ + stars: | 2024-05-28 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

The Nasdaq hit a record in early trading on Tuesday while other indexes were mixed. Traders are awaiting PCE inflation data on Friday. Markets will also digest housing data and revised GDP numbers for the first quarter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlso this week, another round of Fed speakers will deliver commentary on the path of the economy, inflation, and interest rates.

Persons: —, Neel Kashkari, Kashkari Organizations: Nasdaq, Traders, Service, PCE, Minneapolis, CNBC, Wedbush, Apple

☆ R.F.K. Jr. Denounces the Removal of Confederate Statues
▼ + stars: | 2024-05-28 | by ( Chris Cameron | More About Chris Cameron | ) www.nytimes.com time to read: +1 min

Robert F. Kennedy Jr. denounced the removal of hundreds of Confederate statues and other monuments across the United States after the murder of George Floyd by a Minneapolis police officer in 2020. While defending the statues, Mr. Kennedy also said that there were “heroes in the Confederacy who didn’t have slaves,” though when he later picked an example of a Confederate whom he idolized, he singled out Robert E. Lee, a prominent general in the rebel army who owned slaves. “I have a visceral reaction against the attacks on those statues,” Mr. Kennedy said on the podcast, which was hosted by Tim Pool, a right-wing commentator. Mr. Kennedy had been asked specifically about the removal of a statue of Lee in Charlottesville, Va., in 2021. He added that “if we want to find people who are completely virtuous on every issue throughout history, we would erase all of history.”

Persons: Robert F, Kennedy Jr, George Floyd, Kennedy, Donald J, Robert E, Lee, ” Mr, Tim Pool, Mr, ” Organizations: Libertarian National Convention, Trump Locations: United States, Minneapolis, Washington, Lee, Charlottesville, Va

☆ Here’s why we eat popcorn at the movies
▼ + stars: | 2024-05-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

But the perfect (and very profitable) pairing of today wasn’t always the case: For many years, movie theaters wanted nothing to do with the snack. People watch movies in a newly reopened AMC River East theater on Aug. 20, 2020, in Chicago. Popular movies often bring collectible cups and popcorn buckets, or, in industry-speak, Collectible Concession Vehicles (CCVs). The cinema business will continue to evolve, but one thing will remain constant, said Gil of Queen’s University. “Theaters will stop playing movies before they will actually stop selling popcorn.”

Persons: “, Fred Astaire, Ginger Rogers, ” Paul Dergarabedian, Andrew F, ” Smith, Cracker Jack, ”, Smith, ’ ” Smith, hawkers, Peter Stackpole, John Aitkin, John Sr, Aitkin, Alicia Wallace, CNN It’s, Loren Williams, Alicia Reese, Ricard Gil, Jason Wambsgans, Gil, Wedbush’s Reese, Red Robin, ” Nels Storm, Garfield ”, Cory Ryan, Heather Morgan, Alamo’s, ” Andrew Sherburne, Christian Meoli, Camilla Meoli, ” Gil Organizations: Minneapolis CNN, CNN, AMC, Exposition, Bettmann, Riverview, “, Riverview Theater, Wedbush, Queen’s University, Chicago Tribune, Tribune, Service, Waffle, AMC Theatres ’, Walmart, Kroger, Alamo, University of Iowa’s, Cinemas Locations: Minneapolis, America, New England, South America, Philadelphia, Texas, South Minneapolis, Riverview, “ Kingdom, Canada, Chicago, Brooklyn , New York, Iowa City , Iowa, Seattle, Emerald, California

In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift's Eras tour. He often wears Swift's merchandise or friendship bracelets from her ongoing Eras tour on team calls. He's seen updates on Swift's music and personal life as something employees from across generations jump in to discuss on a team messaging forum. Meta CEO Mark Zuckerberg posted photos of his face bejeweled and wrists covered in friendship bracelets, which have become a hallmark accessory of Swift's tour. Despite that, she said, Swift's music has been a "universal language" that's helped her connect with everyone from the fathers of fans to women who see themselves in the singer.

Persons: Megh McLaughlin, Rob Breakiron, Isabelle, Taylor, Isabelle Breakiron, Taylor Swift, Swift, he's, Angela Hall, Andrew Boyagi, Boyagi, He's, Johan Cruyff, Jeff Bezos, Ray Dalio, Mark Zuckerberg, Susan St, Ledger, that's, McLaughlin, Amani Albertsen, Wise, Albertsen, Sharif Karmally, Karmally, Beyoncé, Raeah Smith, Smith, hasn't, Matt Lindner, Lindner, — Organizations: KPMG, Angela Hall of Michigan State University's School of Human Resources, Labor Relations, Society for Human Resource Management, Getty, Amazon, Disney, Michigan State's Hall, CNBC, Poets Department, Data Department Locations: Virginia, Australia, Cincinnati , Ohio, Amsterdam, Netherlands, St, HashiCorp, Florida, U.S, Atlanta, Texas, Minneapolis, Chicago

☆ Opinion | Minnesota Republicans Just Endorsed an Alex Jones Acolyte for Senate
▼ + stars: | 2024-05-24 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

Royce White, a Black former pro basketball player who led protests in Minneapolis after the murder of George Floyd, made his first appearance on “The Alex Jones Show” about two years ago. Jones, a purveyor of conspiracy theories about everything from 9/11 to the murder of children at Sandy Hook Elementary School, was thrilled by their conversation. “You’re awesome, you’re dead-on, and we’re going to learn a lot from you,” he enthused. to accommodate his generalized anxiety disorder, a public stand that won him journalistic admiration even as his athletic career faltered. “Royce White Towers Above the Minneapolis Protests, and Thousands Are Looking Up to Him,” said a Washington Post headline.

Persons: Royce White, George Floyd, Alex Jones, ”, Jones, White, Dave Zirin, Billie Jean King, Muhammad Ali, “ Royce, Donald Trump, ” White, Louis Farrakhan, Robert Malone ” —, Steve Bannon, Bannon, Trump’s, delighting, it’s, Tulsi Gabbard Organizations: Sandy Hook Elementary, Minneapolis Protests, Washington Post, CNN, Democratic, Trump Locations: Minneapolis, Israel

☆ Golf champ Scottie Scheffler arrest video released, officer broke body camera rules
▼ + stars: | 2024-05-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

Scottie Scheffler arrives to the course during the second round of the PGA Championship at Valhalla Golf Club in Louisville, Kentucky, on May 17, 2024. Detective Bryan Gillis "should have turned on his body-worn camera but did not," Louisville Metro Police Department Chief Jacquelyn Gwinn-Villaroel said at a press conference. The footage came from a pole camera and a police car dashboard camera. Some legal analysts expected the press conference to announce the reduction of felony charges against Scheffler. Scheffler's lawyer, Steven Romines, after the press conference said, "Scottie Scheffler didn't do anything wrong."

Persons: Scottie Scheffler, Ben Jared, Bryan Gillis, Jacquelyn Gwinn, Villaroel, Craig Greenberg, Gillis, Greenberg, Timothy D, Steven Romines, Romines, it'll, Scottie, Breonna Taylor, Taylor's, George Floyd, LMPD, Scheffler, —, abrasions, Ted Scott Organizations: PGA, Valhalla Golf Club, Louisville Metro Police Department, Louisville, Louisville Police, Easley, AP Louisville, Scheffler, Police, of Justice, Louisville police, DOJ, Valhalla Golf Locations: Louisville , Kentucky, Louisville, Ky, Minneapolis

☆ How AI and bionics are helping Ukrainian soldiers return to action
▼ + stars: | 2024-05-22 | by ( Ryan Bergeron | ) edition.cnn.com time to read: +4 min

The Esper Hand is the first product from Esper Bionics, a Ukrainian-US based company focused on next-generation prosthetics. “I think AI will be the next step in bionics,” says Dima Gazda, CEO of Esper Bionics. According to Esper Bionics, 70 Ukrainian soldiers are currently serving with Esper Hands, but the need greatly outnumbers the supply. Every morning, a group of Ukrainian veterans gather inside the clinic and go over the schedule for the day. Esper Bionics sells the Esper Hand (which normally sell for around $20,000) to Protez at manufacturing costs, and then Protez fits them to users for free.

Persons: CNN — Valera Kucherenko, I’m, ” Kucherenko, Kucherenko, who’ve, “, ”, Dima Gazda, Esper, It’s, Esper Bionics, Yakov Gradinar, ” Gradinar, Gradinar, Valera Kucherenko –, ” Gazda Organizations: CNN, Intelligence, Protez, Protez Foundation Locations: Ukrainian, Russia, Ukraine, Minneapolis, Minnesota

☆ Target shares slide as consumers buy fewer groceries and home goods
▼ + stars: | 2024-05-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Target on Wednesday posted a year-over-year sales decline and missed Wall Street's earnings estimates, as consumers fatigued from high prices bought both fewer discretionary items and groceries. On a call with reporters, CEO Brian Cornell said the company's results reflect "continued soft trends in discretionary categories." Target also announced Monday it was cutting prices on thousands of everyday items, including milk, bread, paper towels and diapers. Like other retailers, Target has tried to win over consumers who are not spending as freely on clothing, home goods or other discretionary items. Walmart, for example, has gained market share from higher-income shoppers and recently introduced a premium food brand with most items under $5.

Persons: Brian Cornell, John David Rainey Organizations: Target, LSEG, Walmart, Aldi Locations: Miami , Florida, Minneapolis

We've got you covered if you're looking for how to score tickets to Tate McRae's 2024 Think Later World Tour. Tate McRae 2024 tour scheduleWith over 20 concerts already down, Tate McRae still has more than 40 shows left in her 2024 world tour. How to buy tickets for Tate McRae's 2024 concert tourYou can buy original tickets to Tate McRae's Think Later World Tour on Ticketmaster and Live Nation. Tate McRae tickets are also available to purchase through verified resale ticket vendors such as StubHub and Vivid Seats. The opening act for Tate McRae's 2024 tour dates in Asia has not been announced yet.

Persons: Tate McRae, McRae, She'll, We've, Irving, Rogers, Tate, Presley, she'll Organizations: Business, Tate, Boston, New, Ticketmaster, North Locations: Dublin, Ireland, Europe, North America, Asia, Oceania, Wellington , New Zealand, U.S, Madrid, Spain, Lisbon, Portugal, Calgary, AB, Canada, Woodinville, WA, San Francisco, Los Angeles, CA, Phoenix, AZ, Austin, Houston, Cincinnati, Toronto, ON, Sterling Heights, MI, Maryland, Minneapolis, Chicago, Nashville, TN, Indianapolis, Boston, Uncasville, Washington, Philadelphia, Raleigh, NC, Atlanta, Holmdel, NJ, New York City, NY, Tokyo, Japan, Singapore, Bangkok, Thailand, Quezon City, Philippines, Perth, Australia, Brisbane, Sydney, Adelaide, Melbourne, Auckland , New Zealand

☆ Many drivers for Uber, Lyft, and DoorDash are earning well below minimum wage, even with tips, a new paper finds
▼ + stars: | 2024-05-21 | by ( Noah Sheidlower | Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Advertisement"Pay for gig drivers rarely exceeds the employee-equivalent local minimum wage," the authors wrote. While two-thirds of DoorDash drivers and just under half of Uber Eats drivers had their incomes adjusted, just 5% of Uber drivers did. The average Lyft, Uber Eats, and DoorDash driver had hourly earnings of $24, $18, and $14, respectively. Over the past year, several gig drivers have told BI that their gigs are less profitable than they used to be. For example, Uber and Lyft drivers have said the ride-hailing giants are taking a larger cut of rider fares.

Persons: —, Lyft, Uber, aren't, Gridwise Organizations: Service, Seattle metros, UC Berkeley Labor Center, Center for Wage, Dynamics, Business, metros —, UC Berkeley, Big Lake Data, Bank of America, Bank of America Institute Locations: Boston, Chicago, Los Angeles, San Francisco Bay, California, San Francisco, Seattle, New York City, Minnesota, Twin Cities, Massachusetts

☆ Horrible nightmares and ‘daymares’ linked to autoimmune disease
▼ + stars: | 2024-05-21 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

Vivid, disturbing nightmares may be a sign of a newly developing autoimmune disorder or an upcoming flare of existing disease, experts say. Researchers found 3 in 5 lupus patients, and 1 in 3 patients with other rheumatology-related diseases, had increasingly vivid and distressing nightmares just before their hallucinations. Systemic autoimmune diseases often have a range of symptoms, called prodromes, that appear as signs of a sudden and possibly dangerous worsening of the condition. Connect the dots to autoimmune diseaseOn first glance, it would make sense that such neurological manifestations as nightmares would occur if the autoimmune disease impacts the brain, which lupus often does, Sloan said. “In some cases, reporting these symptoms earlier, even if they seem strange and unconnected, may lead to the doctor being able to ‘join the dot’s’ to diagnose an autoimmune disease.”

Persons: “, “ He’s, I’m, ”, Melanie Sloan, ” Sloan, Lupus, ” Jennifer Mundt, ” Mundt, “ I’m, Sloan, David D’Cruz, rheumatologist, that’s, Carlos Schenck, ” Schenck, shouldn’t Organizations: CNN, University of Cambridge, Northwestern University’s Feinberg School of Medicine, Guy’s Hospital, Kings College London, Hennepin County Medical, University of Minnesota Locations: Canadian, United Kingdom, Chicago, Hennepin, Minneapolis

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

☆ NBA playoffs: Minnesota Timberwolves rally from 20-point deficit in Game 7 to eliminate Denver Nuggets
▼ + stars: | 2024-05-20 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —The Minnesota Timberwolves produced a historic 20-point comeback to eliminate the defending champion Denver Nuggets 98-90 in Game 7 of the Western Conference semifinals. Minnesota now advances to the Western Conference Finals for the first time in 20 years, while the Nuggets become the fifth straight defending champion to fall before the conference finals. Karl-Anthony Towns had 23 points and 12 rebounds for the Timberwolves, while Jaden McDaniels also added 23 points to go with six rebounds. Jamal Murray had a game-high 35 points for the Nuggets, while Nikola Jokić had 34 points, 19 rebounds and seven assists. Pacers stun Knicks in Game 7 at MSGThe Indiana Pacers enjoyed a historic shooting night to eliminate the New York Knicks 130-109 in Game 7 at Madison Square Garden.

Persons: Anthony Edwards, ”, Anthony Towns, Jaden McDaniels, Edwards, Jamal Murray, Nikola Jokić, Murray, Jokić, AAron Ontiveroz, Michael Malone, Rick Carlisle, you’ve, Tyrese Haliburton, Andrew Nembhard, Pascal Siakam, Jalen Brunson, Donte DiVincenzo, Josh Hart, Hart Organizations: CNN, The Minnesota Timberwolves, Denver Nuggets, Western Conference, Western, Nuggets, ESPN, ” Timberwolves, Timberwolves, Ball Arena, Karl, Denver Post, Dallas Mavericks, Wednesday, Pacers, The Indiana Pacers, New York Knicks, Madison, Knicks, Boston Celtics, Eastern Locations: Minnesota, Minneapolis, Madison Square

☆ Minnesota lawmakers strike minimum pay deal for Uber, Lyft drivers
▼ + stars: | 2024-05-19 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Minnesota government officials have struck a deal with rideshare companies Uber and Lyft to set minimum wage standards for drivers, lawmakers announced Saturday night. The rule was delayed after Lyft and Uber warned they would leave Minneapolis. State lawmakers have been focused on compromising with the companies before a July 1 deadline. Under the new agreement, the statewide minimum wage rate for rideshare drivers will be $1.28 per mile and $0.31 per minute. “We applaud the tens of thousands of riders & drivers who sent close to 100,000 emails to legislators — your voices were heard.

Persons: Uber, Lyft, Jamie Long, ” Long, ”, Erin Murphy, Josh Gold Organizations: New, New York CNN, Minnesota, Democratic, Minneapolis City Council, Governor Locations: New York, Minnesota, Minneapolis, State

☆ Some consumers are punting big purchases like pools and mattresses
▼ + stars: | 2024-05-18 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

Rachel Wisniewski | ReutersAmericans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. "As a result, consumers continue to scrutinize their spending and make near-term decisions based primarily on need, price and perceived value. But those options have fallen out of favor as interest rates rose. He also cited increased interest rates as another weight on their shoulders. Lofty interest rates have also hampered housing improvement efforts for those staying put, according to Home Depot .

Persons: Rachel Wisniewski, Joe, Shelly Ibach, Ibach, FactSet, Mark Mathews, Platt, J, Mitchell Dolloff, Dow Jones, it's, Mathews, Enphase, Badri Kothandaraman, Marc Bitzer, Patrick T, bode, Robert Ohmes, Richard McPhail, It's, McPhail Organizations: Reuters, Reserve, Prosper, National Retail Federation, San Francisco Fed, New York Fed, Management, Commerce Department, Consumers, Whirlpool, Fallon, Bloomberg, Getty, Bank of America, CNBC Locations: Gilbertsville , Pennsylvania, Minneapolis, U.S, California, Torrance , Calif, Minnesota

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