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☆ Google AI said to put glue in pizza — so I made a pizza with glue and ate it
▼ + stars: | 2024-05-24 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +7 min

I knew my assignment: I had to make the Google glue pizza. But now I'm an adult and can't be shamed for eating glue pizza.) AdvertisementIt appears that the origin of the pizza glue was a joke made on Reddit 11 years ago about adding glue to sauce. Presumably, Google AI search results will improve, and these weird flukes of bad results will become increasingly rare. DO NOT EAT GLUE PIZZA.

Persons: —, it's, It's, minty, Katie Notopoulos, DKdCa6LUap, Scarlett Johansson Organizations: Service, NHL, University of Wisconsin, Business, Google

☆ Here's why you may be saving more in your 401(k) — and not even know it
▼ + stars: | 2024-05-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

It automatically raises workers' savings rate each year, often by 1 percentage point at a time up to a cap. In an ideal world, workers would be saving at least 15% of their annual pay in a 401(k) plan, Lander said. Automated 401(k) savings is more widespreadAuto-escalation has become more widespread alongside automatic enrollment, which is when employers divert a portion of workers' paychecks into a 401(k) if they don't sign up voluntarily. Most, or 84%, of these 401(k) plans raise workers' savings rate by 1 percentage point a year. (This example doesn't account for additional financial factors like taxes or annual pay increases.)

Persons: Ellen Lander, Lander Organizations: Renaissance, of America, Finance, U.S, Labor Locations: Pearl River , New York

The information for the following product(s) has been collected independently by Business Insider: Wyndham Rewards® Earner Plus Card, Wyndham Rewards® Earner Card, Wyndham Rewards® Earner Business Card, Capital One Spark Miles for Business†, Capital One Spark Miles Select for Business†. Introduction to Wyndham RewardsWhile it's often overshadowed by bigger and flashier hotel loyalty programs, Wyndham Rewards deserves some attention, too. How to join Wyndham Rewards and start earning points and elite statusTravelers can enroll in Wyndham Rewards for free, and automatically receive free Wi-Fi during stays. Earning Wyndham pointsThere are myriad ways to accumulate Wyndham points, beginning with the most obvious option: Hotel stays through Wyndham. Wyndham Rewards frequently asked questionsHow can I earn Wyndham Rewards points without staying at a hotel?

Persons: Wyndham, Howard Johnson, gofree Wyndham, Cardholders, cardholders, Wyndham Timeshare, you'll, it's, Wyndham Rewards, redemptions, Maui Oceanfront, Redemptions, Eric Rosen Eric Rosen, Condé Organizations: Business, Wyndham Rewards, Wyndham, Business †, Vacasa, Read, Wyndham Grand, Ramada, Marriott Bonvoy, Hilton, Diamond, Base, Caesars Entertainment, Walmart, Target, Avis, Caesars, Staples, Lowes, Apple, Marathon Gas, Wyndham Hotels, Club Wyndham, Caesars Rewards, Costco, National Parks Conservation Association, National Geographic, Bloomberg Locations: AmericInn, La, Travelodge, North America, Belize, Costa Rica, Wyndham, Paris, Las Vegas, Macy's, Grubhub, Waikiki, Oahu, Kona, Hai Villas, Kauai, Chevron, Los Angeles, Australia, Kenya, Laos

☆ Robinhood CEO explains how he got employees back to the office after initially saying the company was 'remote-first'
▼ + stars: | 2024-05-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

The past few years have seen some companies declare themselves remote-first, only to backtrack and mandate workers return to the office. One such company is Robinhood. Vlad Tenev, a cofounder and the CEO of the financial-services firm, explained in a new interview how he brought employees back to the office after initially telling them they were working at a remote-first company. AdvertisementTenev said "explaining the why of things" was important in getting employees on board with the policy reversal. In 2022 , Robinhood declared itself a remote-first company and said it would be "staying primarily remote."

Persons: Vlad Tenev, Tenev, Logan Bartlett, we've, They've, Robinhood Organizations: Service, Apple, Google, Walmart Locations: Robinhood

☆ Nvidia's stock split makes it a Dow contender — but not a shoo-in
▼ + stars: | 2024-05-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Decisions on additions and deletions to the Dow is made by the S & P Dow Jones Indices Index Committee. The S & P Dow Jones committee also wants to maintain adequate sector representation and it may come to believe there are other companies that better represent that corner of the market. Finally, there is the stock price issue. Unlike the S & P 500, the Dow is price weighted. Bottom line: Nvidia's 10-for-1 stock split makes it a Dow contender, but the committee has a clear preference for stocks that are well-seasoned, and not just sudden superstars.

Persons: Dow, Dow Jones Organizations: Nvidia, Intel, Dow Industrial, Dow, Companies, Cisco, Verizon Communications

☆ DuPont's split into three companies is a win for shareholders: Here's the math
▼ + stars: | 2024-05-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

If we apply a multiple of 21.6 on DuPont's business, it puts the enterprise value at $25 billion. So being conservative and using a 20 times multiple, DuPont's water business could have an enterprise value of $7.2 billion. Add these three up and the total enterprise value is about $52 billion. To get the equity value, we subtract the net debt (which is total debt minus cash) from the total enterprise value. If we subtract this from the $52 billion enterprise value, the total equity value could be worth $46.2 billion.

Persons: Ed Breen, DuPont's, Breen, —, Jim Cramer's, Jim Cramer, Jim, Dow DuPont, Adam Jeffery Organizations: DuPont, Electric, United Technologies, CNBC, Dow

☆ Cramer's Lightning Round: Sigma Lithium is 'too dicey'
▼ + stars: | 2024-05-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Arista Networks' year-to-date stock performance. Stock Chart Icon Stock chart icon Sigma Lithium's year-to-date stock performance. Stock Chart Icon Stock chart icon Trump Media & Technology Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Eli Lilly's year-to-date stock performance. Stock Chart Icon Stock chart icon Sony Group's year-to-date stock performance.

Persons: Jayshree, Eli Lilly's, Eli Lilly, it's, Jim Cramer's Organizations: Arista Networks, Arista, Sigma, Trump Media & Technology, Sony

☆ Jessica Biel shares why she and Justin Timberlake left LA. They are part of a trend of wealthy families moving out of big US cities.
▼ + stars: | 2024-05-23 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewJessica Biel said she and Justin Timberlake left Los Angeles in the hope that their children would have a better quality of life. The couple had their first child, Silas Timberlake in 2015 and their second, Phineas Timberlake, in 2020. Since 2018, there have been numerous reports of Biel and Timberlake moving out of LA to properties in Tennessee and Montana. In 2023, realtor.com reported that Timberlake was trying to sell his property outside Nashville, though this has not been confirmed. Justin Timberlake, and Jessica Biel seen out and about for Halloween with their son on October 31, 2018, in New York City.

Persons: —, Jessica Biel, Justin Timberlake, Silas Timberlake, Phineas Timberlake, Biel, Timberlake, Kelly Ripa, We're, realtor.com, Biel's, Robert Kamau, Getty Biel Organizations: Service, Business, Forbes, Street Locations: Los Angeles, LA, Tennessee, Montana, Florida, Dallas, Nashville, East Coast, West Coast, New York, Big Sky , Montana, New York City

☆ I drove the electric Chevrolet Silverado. It's a beast that could convince truck people to love EVs.
▼ + stars: | 2024-05-23 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Read previewAfter a long wait, the Chevrolet Silverado EV has officially entered the electric truck wars. On this first drive with the truck, two things struck me immediately: its size and handling. Ultimately, I came away with the impression that the Silverado EV is built for people who love trucks — because of course it is. Trucks have always been Detroit's crown jewel, but big trucks and SUVs are going out of style in the EV segment. AdvertisementIn the end, the Silverado EV was fun to drive and handled well, but it's just too beefy for my taste.

Persons: —, let's, you'll, Tesla, it's Organizations: Service, Chevrolet Silverado EV, Business, EPA, Detroit, Silverado

☆ Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
▼ + stars: | 2024-05-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.

Persons: We've, Jim, —, Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ TikTok is becoming a new GoFundMe, with views replacing donations to help people get out of debt
▼ + stars: | 2024-05-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read preview"We are paying off each other debt on TikTok," a creator recently declared. The creator, named Yolanda, was gushing about the "pay off each other's debt" trend that seems to have become popular on the app. More than 4,000 videos have been posted under the #payoffdebttrend hashtag on TikTok, with creators asking for help for various reasons including medical bills, student debt, and unexpected costs. The requirements for earning money on TikTok are to have at least 10,000 followers and to have amassed 100,000 video views in the previous 30 days. AdvertisementAccording to creators who previously spoke with BI in 2022, the amount TikTok pays creators varies widely from a few pennies to $17 per 1,000 views.

Persons: —, Yolanda, TikTok, Katya Varbanova, Jake Heisenburg, Heisenburg, commenter, didn't, he'd, Markia Brown, Mark Tilbury, Varbanova, it's, Brown, isn't Organizations: Service, Business, New York Federal Reserve Bank, TikTok, Facebook Locations: TikTok, Experian

☆ 4 totally unverified theories about Vivek Ramaswamy and BuzzFeed
▼ + stars: | 2024-05-22 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Vivek Ramaswamy ran a failed campaign for the Republican presidential nomination. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhy is Vivek Ramaswamy buying up shares of BuzzFeed? Let's start by stating the obvious: It is very funny to type the sentence "Why is Vivek Ramaswamy buying up shares of BuzzFeed?" Ramaswamy, as you may recall, was a fringe candidate in the most recent Republican presidential primary, where his platform consisted of praising Donald Trump and promising to "Take America First further than Trump."

Persons: Vivek Ramaswamy, What's, —, Ramaswamy, Donald Trump Organizations: Republican, Service, Trump Locations: Iowa

☆ Cramer says recent data shows the economy has cooled since the Fed's last meeting
▼ + stars: | 2024-05-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said inflation may be abating more quickly than some think, suggesting that comments from the Federal Reserve's most recent meeting three weeks ago may not hold much weight. The major averages declined as Wall Street fretted about the Fed minutes, which were released on Wednesday. He said data that's been released since the meeting could make the policymakers change their tune. Cramer admitted that during policymakers' last meeting, the economy was seeing "nascent commodity inflation." Cramer also mentioned that copper prices slumped on Wednesday, and shares from the U.S.'s largest copper producer, Freeport-McMoRan , sank.

Persons: CNBC's Jim Cramer, Cramer, that's Organizations: Federal, Fed, U.S Locations: Freeport, McMoRan

☆ America's Surge of Dumb Neighborhood Names, Real-Estate Rebrands
▼ + stars: | 2024-05-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

Neighborhood names are also shorthand for your rent or mortgage payments. In 2017, real-estate brokers in the historically Black New York neighborhood of Harlem sparked backlash when they tried to rebrand its south end as SoHa. At their best, new neighborhood names bring people together over a shared sense of pride in their little corner of the world. Along the way, these neighborhood names have veered into parody territory. I'm not saying that neighborhood names should be set in stone — in fact, I think it's natural for them to evolve alongside their populations.

Persons: you've, MoRA, Nashville's, they're, Let's, Gill Holland, Holland, Nestor Davidson, David Fagundes, Grant McKenzie, McKenzie, Hakeem Jeffries, Jeffries, Davidson, They're, Bob Dylan's, Marshall, Lily, I'm, Willy, Dirtbag, Little Italy — Organizations: Market, McGill University, University of Maryland, Houston, Financial, Tribeca, McGill, Google, Democratic, New York State Assembly, New York Times, Apple, North Arts District, Congress, Little Locations: Denver, Charlotte , North Carolina, LoSo, Boston, Louisville , Kentucky, NuLu, Austin, America, New York City, Louisville, Holland, North Carolina, Greenwich, Louisville's, Phoenix, Holland's, York, New York, Manhattan, Side, Chelsea, Maryland, Harlem, SoCo, Soho, Dowisetrepla, Charlotte, East Williamsburg

☆ The key levels to watch on Nvidia's stock chart with its big earnings report almost here
▼ + stars: | 2024-05-22 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

That's not a lot of wiggle room if the stock reacts negatively to earnings: if the stock undercuts $915 (and stays below it), the breakout would be nullified. In other words, if an upside gap is filled this time instead, the market could be telling us that something has changed. In other words, NVDA has had many years of success both as a company and as a stock. It would take a lot more than a reaction to a single earnings report to change that. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, we're, That's, NVDA, Frank Cappelleri Organizations: Nvidia

☆ Latest Trump hush-money battle: how to instruct jurors on the coverup of a coverup and crimes within crimes
▼ + stars: | 2024-05-22 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Read previewLawyers in the Donald Trump hush-money trial spent Tuesday afternoon in a spirited battle over this question: what will the judge tell jurors right before they begin their deliberations next week? The jury charge is so important, so sacrosanct, that Merchan will order the doors to his courtroom sealed for its duration, with no one in the well or audience allowed to enter or leave. AdvertisementThe jury charge for this single felony should be easy, right? But it's not the only law jurors must understand and weigh when they begin deliberations as early as Wednesday. Or can some jurors find that Trump conspired to violate tax law, while other jurors see the falsification of National Enquirer business records as the central offense?

Persons: —, Donald Trump, Juan Merchan, Trump, There's, Attorney Alvin Bragg, Bragg, Michael Cohen, Cohen, — Cohen, Stormy Daniels, Getty, Daniels, it's, Prosecutors, he's, It's, reimbursements, Emil Bove, Matthew Colangelo, Colangelo, Merchan, I'm, Yuki Iwamura, Bove, he'll Organizations: Service, York, Business, Trump Organization, Prosecutors, Attorney, Trump, Manhattan, Federal, National Enquirer Locations: New York, York, Manhattan

☆ Sam Altman's self-own with ScarJo reveals a troubling question about OpenAI: What's with these clowns?
▼ + stars: | 2024-05-21 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI's fight with Scarlett Johansson isn't just a PR disaster (and a big one at that). Most of all, it shows there's just really, really bad judgment going on at the highest levels of Sam Altman's company. But everyone immediately noticed that the "Sky" voice that ended up on ChatGPT reminded them of ScarJo. And then Sam Altman, in one of the greatest self-own moves of the generative AI era, tweeted out "her" during the product demo last week. The OpenAI team used a Scarlett Johansson sound-alike voice — also completely avoidable.

Persons: —, Scarlett Johansson isn't, there's, Sam Altman's, ScarJo, Johansson, OpenAI, Scarlett Johansson, Sam Altman, wasn't, Johansson's, Altman, it's, Ilya Sutskever Organizations: Service, Business, Hollywood, SAG, CNN, Reuters, Marvel, tech's, Facebook, Microsoft, eventual Locations: Turkey

☆ Screw helping the NFL, Taylor Swift could save Broadway next
▼ + stars: | 2024-05-21 | by ( Laura Wheatman Hill | ) www.businessinsider.com time to read: +7 min

Read previewTaylor Swift has such a major influence on the American economy she might just be able to revitalize Broadway. When Swift filed to trademark the phrase "Female Rage: The Musical" on May 11, fans began to wonder if she just might shift her talents to musical theater next. AdvertisementSwift is more than ready for Broadway — and the Eras Tour is proofThe Eras Tour is already quite a theatrical experience. Michael Campanella/TAS24/Getty ImagesAttending one of Swift's concerts on the Eras Tour is already pretty close to seeing a Broadway show. Swift has options if she does head to BroadwayTaylor Swift could star in her own Broadway show or just lend her writing chops to one.

Persons: —, Taylor Swift, Swift, Travis Kelce, she's, Dimitrios Kambouris, haven't, Britney Spears, Katharine Quinn, Quinn, Michael Campanella, TAS24, it's, She's, Kevin Mazur, Deborah Rayne, Billy Flynn's, Broadway Taylor Swift, CHRISTINE OLSSON, Rayne, Tony, Oscar, Angelina Jolie, she'd, Sara Bareilles, Beyoncé Organizations: Service, Broadway, Chiefs, Business, Hollywood, Department, Broadway League, Opera Locations: —, Ohio, NYC, Chicago

☆ Ozempic users will soon get their own heat-and-eat meals
▼ + stars: | 2024-05-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewFrozen meals are one of the latest ways that big consumer brands are trying to cater to users of weight loss drugs like Ozempic and Wegovy. The lineup is designed for GLP-1 weight loss medication users and will include items like sandwich melts and grain bowls with chicken. Related storiesThe meals are "portion-aligned to a weight loss medication user's appetite" and contain high amounts of fiber, protein, and essential nutrients, Nestlé said. Vital Pursuit shows how the food industry is adapting to the rise of GLP-1 drugs. That price would undercut other forms of the weight loss drug.

Persons: —, Nestlé, They're, Steve Presley, Sean Connolly Organizations: Service, Business, North, American Pharmacists Association, Vital, Costco Locations: Nestlé

☆ Companies are 'unbossing' the workplace, and millennial managers are getting axed
▼ + stars: | 2024-05-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewCompanies are increasingly ditching middle management positions, and it could be millennials who find their jobs are most at risk. While Galvin said the intent of reducing middle management is to streamline communication between employees and senior executives, the impact could be unfairly balanced. AdvertisementMiddle management positions accounted for almost a third of layoffs in 2023, according to an analysis for Bloomberg — an increase from 20% in 2018. It just so happens that a lot of middle managers are millennials. Many current middle managers are also burned out with their teams being downsized, and an increased workload.

Persons: —, it's, Lara Milward, Joe Galvin, Vistage, Steven Baert, It's, Galvin, Chris Lovell, Chris, millennials, Lovell, Zers, Milward, Joel Wolfe, HiredSupport, Millennials, Wolfe, Shoshanna Davis, unbossing, Davis, Gen Organizations: Service, Business, Novartis, Gallup, Bloomberg —, Technologies, SoFi Technologies

☆ Don't feel bad for Gen Z and millennials — they'll work less and live longer, Jamie Dimon says
▼ + stars: | 2024-05-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

"I don't feel so bad for Gen Z and millennials," Dimon said, adding that his grandparents were Greek immigrants who arrived in the US with nothing but "a shirt on their back." "They're going to be working probably 3.5 days a week. They're going to live to 100. They're going to be in pretty good shape, provided the world doesn't destroy it all with nuclear weapons, which is the biggest risk in the world." Related storiesDimon added that in the decades ahead, younger generations would inherit trillions of dollars and benefit from mammoth investments in healthcare, education, and other areas.

Persons: —, they've, Jamie Dimon, Dimon, They're, Gen, Xers — Organizations: Service, Business, AlphaSense Locations: America

☆ Don't feel bad for Gen Z and millennials — they'll work less and live longer, says Jamie Dimon
▼ + stars: | 2024-05-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

"I don't feel so bad for Gen Z and millennials," Dimon said, noting his grandparents were Greek immigrants who arrived in the US with nothing but "a shirt on their back." "They're going to be working probably 3.5 days a week. They're going to live to 100. They're going to be in pretty good shape, provided the world doesn't destroy it all with nuclear weapons, which is the biggest risk in the world." Related storiesDimon also emphasized that in the decades ahead, younger generations will inherit trillions of dollars and benefit from mammoth investments in healthcare, education, and other areas.

Persons: —, they've, Jamie Dimon, Dimon, They're, Gen Z, X Organizations: Service, Business, AlphaSense Locations: America

☆ Cramer's Lightning Round: Lazard is a buy
▼ + stars: | 2024-05-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Lazard's year-to-date stock performance. Stock Chart Icon Stock chart icon Enbridge's year-to-date stock performance. Stock Chart Icon Stock chart icon Advanced Drainage System's year-to-date stock performance. Stock Chart Icon Stock chart icon AST SpaceMobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance.

Persons: Lazard, We've, I've, I'm, It's, Jacobs Organizations: Technologies, Therapeutics, Sarepta Therapeutics, S.A, Petroleo Brasileiro S.A, Jacobs Solutions Locations: Halleluiah

☆ Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.
▼ + stars: | 2024-05-21 | by ( Allie Kelly | ) www.businessinsider.com time to read: +12 min

Basic income has become a trending strategy to combat poverty in cities nationwide. ARPA funds have been used to partially or fully fund most US basic-income pilots so far, but funds are set to expire. While philanthropy and nonprofit work have been central to basic-income pilots, they are not always a long-term or large-scale funding solution. More GBI programs are electing to focus on specific groups of participants, like low-income parents with children and foster youth. The program is funded through the Temporary Aid to Needy Families Program (TANF), an existing federal cash assistance program for low-income families.

Persons: —, Michael Tubbs, Tubbs, It's, Tubbs —, GBI —, Marcela Díaz, let's, Díaz, Teri Olle, Olle, John Gillette, Ken Paxton, Dustin Palmer, GiveDirectly, Palmer, Shafeka Hashash, Hashash, Hashah, GBI Organizations: Service, Business, SNAP, Medicaid, Somos Un, Somos Un Pueblo Unido, Economic Security, New, New Mexico House, California Senate, Republican, South Dakota Republicans, ARPA, Pew Charitable Locations: Stockton , California, Durham , North Carolina, Birmingham, Chicago, Antonio, San Antonio, Denver, Seattle, California, New Mexico, State, Mexico, Somos, Somos Un Pueblo, Economic Security California, Arizona, Iowa, Harris County , Texas, Flint , Michigan

☆ Dollar calm as traders await clues on U.S. rate path
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling. The Japanese yen was flat at 155.74 per dollar, with traders on alert for any signs of government intervention. That has prompted traders to trim the amount of easing expected this year to about 46 bps, with only a rate cut in November fully priced in. In other currencies, sterling touched a two-month high of $1.2711 ahead of the crucial UK inflation report due on Wednesday.

Persons: Brian Jacobsen, Powell, Jackson, Flash PMIs, Paul Mackel, BoE, Charu Chanana Organizations: Federal Reserve, Annex Wealth Management, ANZ, European Central Bank, Bank of England, HSBC, New Zealand, Reserve Bank of New, Saxo Locations: Tokyo, Germany, U.S, Reserve Bank of New Zealand

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