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☆ Situation on eastern front has 'significantly worsened' in recent days, Ukraine's army chief warns
▼ + stars: | 2024-04-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukraine's top military general warned Saturday that the battlefield situation in the east of the country, which continues to be the epicenter of the fiercest fighting in Ukraine, has deteriorated sharply. "The situation on the eastern front has significantly worsened in recent days," Oleksandr Syrskyi, commander-in-chief of Ukraine's armed forces, said on Telegram. Syrskyi said warm, dry weather had facilitated Russian forces' attacks on Ukrainian positions in the Lyman and Bakhmut areas of the Donetsk region in eastern Ukraine, with Russian "assault groups supported by armored vehicles," including dozens of tanks and infantry fighting vehicles. "Despite significant losses, the enemy is increasing efforts by deploying new units with armored vehicles, occasionally achieving tactical success," Syrsyki said. Nonetheless, Russian forces have made some notable advances in Luhansk and Donetsk in recent months, aided by their advantage in terms of manpower and supplies of artillery shells.

Persons: Oleksandr Syrskyi, Syrskyi, Syrsyki Organizations: Russian Federation, NBC News, Lyman Locations: Ukraine, Russian, Donetsk, Luhansk, Russia

☆ There's another 'tricky' tax deadline on April 15. Here's how to avoid a penalty, experts say
▼ + stars: | 2024-04-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you are racing to file taxes, you could miss another key deadline: the April 15 due date for first-quarter estimated tax payments. Estimated tax payments typically apply to earnings from gig economy work, freelancing, small business, retirement or investing, which may have no tax withholdings. If you expect to owe at least $1,000 in taxes, you must make your first-quarter estimated payment for 2024 by April 15. That can be "tricky" for certain tax filers with federal taxes due on the same day, according to certified public accountant Tom Wheelwright, CEO of WealthAbility. The 2024 payment due dates are April 15, June 17, Sept. 16 and Jan. 15, 2025.

Persons: Tom Wheelwright, — Organizations: WealthAbility, Finance, Federal, IRS

☆ Nvidia and Georgia Tech announce first AI supercomputer for students
▼ + stars: | 2024-04-10 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Nvidia and the Georgia Institute of Technology announced Wednesday the first artificial intelligence supercomputer designed for student use. At first, only Georgia Tech's undergraduate students will be able to use the computing cluster, which is fueled by Nvidia's enterprise AI software and a "virtual gateway" developed by Penguin Solutions. So far, students have used the supercomputer in just one class — foundations of machine learning — since the beginning of the semester, but Georgia Tech plans to continue scaling usage. Georgia Tech's supercomputer runs on 20 Nvidia HGX H100 systems, which house 160 of Nvidia's H100 GPUs, which are high in demand across the tech industry. For reference, it would take one of these 160 GPUs a single second to come up with a multiplication function that would take 50,000 students 22 years, according to a Georgia Tech release.

Persons: Jensen Huang, Raychowdhury Organizations: Nvidia, Georgia Institute of Technology, Penguin Solutions, Georgia Tech, Georgia Tech's School of Electrical, Computer Engineering, CNBC, Arizona State University, ChatGPT Enterprise, Georgia Tech's Locations: Georgia

☆ The US Navy's grappling with another Ford-class supercarrier delay that could run into the next decade
▼ + stars: | 2024-04-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewThe US Navy's third Ford-class aircraft carrier is facing delays that might push its delivery to 2030. The aircraft carrier USS Gerald R. Ford transits the Strait of Gibraltar, Jan. 5, 2024. Nick Guertin, the Navy's acquisition executive, attributed the shipbuilding delays to "common issues from lingering COVID impacts across the national workforce and supply chain landscape with industry reticent to invest." Related storiesThe following Ford-class carrier, USS Doris Miller (CVN-81), is currently on schedule thanks to the Navy buying both the Enterprise and Miller at the same time. AdvertisementA T-45C Goshawk training aircraft attached to Training Air Wing (TAW) 1, lands aboard the aircraft carrier USS Gerald R. Ford (CVN 78) during flight operations, Sept. 12, 2020.

Persons: —, Carlos Del Toro, Gerald R, Navy Petty, Jacob Mattingly, Nick Guertin, Doris Miller, Miller, Adm, Downey, Seaman Anton Wendler, Ford, Michael Gilday, Brian Glunt Organizations: Service, Ford, USS Enterprise, Business, Enterprise, Navy, BI, Newport News, Training Air, US Navy, Communication, Department of Defense, Army's, Force Locations: Virginia, Gibraltar, Jan, Oslo, China, Washington ,, Pacific

☆ Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
▼ + stars: | 2024-04-08 | by ( Niraj Chokshi | More About Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Spirit Airlines said on Monday that it would delay delivery of new Airbus planes and furlough pilots to save money as it seeks to overcome several setbacks, including a blocked merger, engine problems and a lackluster recovery from the pandemic. Spirit and JetBlue gave up an effort to appeal that decision last month. Spirit plans to delay most of the Airbus planes it had expected to receive in 2025 and 2026 by about five years. It also said it expected to furlough about 260 pilots starting on Sept. 1. Those changes will help Spirit, which has lost money in each of the last four years, return to profitability, the company’s chief executive, Ted Christie, said.

Persons: Ted Christie Organizations: Spirit Airlines, Airbus, JetBlue Airways, Spirit, JetBlue

☆ NATO helicopters are shooting down and eliminating enemy drones in a rarer kind of Red Sea battle
▼ + stars: | 2024-04-08 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Houthi attack drones have mostly been intercepted by US and allied warships in the Red Sea. Air-to-air combat has been much less common, but last month, a French helicopter shot down a drone. One recent interception, however, was credited to a French helicopter crew, which blasted a Houthi attack drone out of the sky in air-to-air combat. AdvertisementPilots are 'well-trained'And the US hasn't been the only naval force to destroy Houthi threats in the Red Sea with embarked helicopters. A Germany Navy Sea Lynx helicopter flies over the corvette Oldenburg in the Baltic Sea on June 05, 2023 near Rostock, Germany.

Persons: —, FRANCOIS NASCIMBENI, Brynn Tannehill, Hawk, Tannehill, Damon Coulter, Dwight D, Eisenhower, Sean Gallup, You've, you've Organizations: US, Red Sea, Service, Helicopters, Getty Images, US Navy, Navy, UH, US Army Black, US Navy Sikorsky, Helicopter Maritime, Naval Air Facility, Getty, aircraft, Command, Germany Navy Sea Lynx, German Bundeswehr Joint Forces Operations Command, BI, Lynx Locations: Red, French, France, Sissonne, AFP, Getty Images France, Iran, Yemen, Kanagawa, American, Hessen, Baltic, Rostock, Germany

☆ Spirit Airlines furloughs 260 pilots to save money
▼ + stars: | 2024-04-08 | by ( ) edition.cnn.com time to read: +2 min

CNN —Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the company looks to save cash. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1. “[The] aircraft deferrals and pilot furloughs look positive, in terms of helping the carrier to reduce [or] defer some costs. Spirit, which has been losing money for several quarters despite strong travel demand, operates an all-Airbus fleet. Spirit now expects to end 2025 with a total of 219 jets in its fleet, with no additions of the A320neo aircraft.

Persons: Stephen Trent, ”, Ryan Muller, Muller Organizations: CNN — Spirit Airlines, Airbus, Pratt, Whitney, Pratt & Whitney, Citi Research, Air Line Pilots Association

☆ U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security
▼ + stars: | 2024-04-08 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

TSMC 's Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Biden administration on Monday. The funding, under the U.S. CHIPS and Science Act, will support Taiwan Semiconductor Manufacturing Co.'s more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, according to the nonbinding agreement. The Taiwanese multinational semiconductor company is also eligible for around $5 billion in proposed loans under the CHIPS Act. According to Raimondo, the funds will include $50 million to train and develop local talent in Arizona, with TSMC Arizona having already created more than 25,000 jobs and attracted 14 semiconductor suppliers for the state. The CHIPS Act, passed in August 2022, is an almost $53 billion package aimed at building the U.S. domestic semiconductor industry to boost the country's economy and better compete with rivals such as China for national security purposes.

Persons: Gina Raimondo, TSMC, Biden, Raimondo Organizations: Science, Technology, Washington , D.C, Taiwan Semiconductor Manufacturing, U.S, Arizona Locations: Rayburn, Washington ,, Arizona, U.S, Phoenix, China

☆ Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead
▼ + stars: | 2024-04-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021. Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year. The company, which trades as Hon Hai Precision Industry in Taiwan, recorded a first-quarter revenue of 1.32 trillion New Taiwan dollars ($41.2 billion), which was also 28.58% lower compared to the fourth quarter of last year. It was also below economists' expectations in an LSEG poll. However, the company expects revenue to grow in the second quarter, despite noting that it "remains a traditional off-peak season."

Organizations: Apple, Hai Precision Industry Locations: Zhengzhou, Taiwan

☆ Apple lays off over 600 California employees after shuttering car project
▼ + stars: | 2024-04-04 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. Apple is laying off 614 workers in California, according to a new state filing, the company's first significant round of job cuts since the pandemic. The affected Apple employees worked at eight different facilities in Santa Clara, according to the WARN notice posted by California. The filing comes weeks after Apple canceled a long-running project to build an electric, self-driving car in a team called the Special Projects Group. Positions that were cut include machine shop managers, hardware engineers and product design engineers, according to the San Francisco Chronicle.

Persons: Tim Cook, Apple hasn't Organizations: Apple, San Francisco Chronicle Locations: Cupertino , California, California, Santa Clara, Cupertino

☆ Meta shares hit intraday record after analyst says company 'has too many advantages to count'
▼ + stars: | 2024-04-04 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta shares jumped to an intraday record on Thursday after analysts at two firms raised their price targets on the stock, citing optimism over the company's growing market share in digital advertising. Analysts at Jefferies lifted their price target on Meta to $585 from $550 and said the company's gain in the ad market will increase this year. Among the roughly 50 price targets tracked by FactSet, RBC's estimate is tied for the highest along with that of both Wells Fargo and First Shanghai. The decision to invest $27 billion in capital expenditures last year "has helped the company develop several strategic advantages over its peers."

Persons: Mark Zuckerberg, Wells, Zuckerberg, Meta, they've Organizations: Meta, Nasdaq, Federal Reserve, Jefferies, RBC Capital Markets, Amazon, Google, RBC Locations: Menlo Park , California, First Shanghai, TikTok, U.S

☆ UK regulator refers Vodafone's merger with Three for in-depth competition probe
▼ + stars: | 2024-04-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The U.K. competition regulator on Thursday referred the proposed merger between Vodafone and CK Hutchison's Three mobile network to an in-depth investigation. The CMA has given itself a deadline of Sept. 18 to complete the in-depth probe, also known as a phase 2 investigation. The CMA has previously said the deal could lead to customers facing higher prices and reduced quality, a lessening of competition in the U.K. mobile market. Announced last year, Vodafone and CK Hutchison's transaction would merge the two brands' U.K. businesses, giving Vodafone a 51% controlling stake and leaving CK Hutchison with the minority interest. Vodafone and Three reiterated that "there will be no change to each operator's pricing strategy as a result of the merger."

Persons: Margherita Della Valle, CK Hutchison Organizations: Vodafone, CK, Markets Authority, CMA, Regulators, CK Hutchison Locations: London, British, United Kingdom

☆ The rally in oil cannot be ignored — here's what it means for stock market investors
▼ + stars: | 2024-04-04 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

U.S. oil prices have climbed to their highest level since late October, as the rally in the key commodity becomes something equity investors cannot afford to look past. In other words, the latest ISM Manufacturing report serves to support the view that the U.S. economy is doing much better than many believed it would just a few months ago. Oil trading at its highest levels since late October has implications for stock market investors. The Fed's preferred measure of inflation may be the core personal consumption expenditures price index, which removes the impact of food and energy prices, but consumers still pay for energy. The rise in energy prices — particularly at the gas pump — can result in a decrease of discretionary dollars left for other purchases.

Persons: Brent, —, Jim Cramer, Jim Cramer's, Jim, Frederic J, Brown Organizations: West Texas, Coterra Energy, Energy, Organization of Petroleum, PMI, Manufacturing, Reuters, Federal Reserve, Fed, Bank of, CNBC, Afp, Getty Locations: U.S, Russia, OPEC, China, Ukraine, Ukrainian, Russian, Iranian, Syria, Iran, Taft, Kern County , California

☆ Gunfire From Deputies Killed Teen Who Had Been Reported Kidnapped, Video Shows
▼ + stars: | 2024-04-02 | by ( Jesus Jiménez | More About Jesus Jiménez | ) www.nytimes.com time to read: +1 min

Mr. Graziano’s truck was spotted on Sept. 27, which led to a vehicle pursuit that ended with “an extensive exchange of gunfire,” the Sheriff’s Department said in the released footage. At some point in the pursuit, Mr. Graziano’s truck came to a stop in an embankment off I-15, the video shows. “Stop.”Savannah was wearing tactical gear and a helmet as she walked toward a deputy, the Sheriff’s Department said. Deputies immediately began treating Savannah, and she was taken to a hospital, where she died of her injuries, the Sheriff’s Department said. Mr. Graziano, who was shot by gunfire from deputies, died at the scene.

Persons: “, ”, Savannah, Graziano Organizations: Sheriff’s Department Locations: Savannah

☆ Australia central bank to shift to ample reserve system to set rates
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: +1 min

The Reserve Bank of Australia building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia's central bank intends to change the way it provides liquidity to the banking system, moving to one that provides ample liquidity through regular money market operations. Australia's central bank intends to change the way it provides liquidity to the banking system, moving to one that provides ample liquidity through regular money market operations. In a speech on the plumbing of monetary policy, Reserve Bank of Australia, or RBA, Assistant Governor Christopher Kent said the central bank would end its current system of setting a floor for rates with excess reserves and an exchange settlement, or ES, rate. "Under the ample reserves system, the supply of reserves can rise and fall in line with changes in demand, with minimal effects on the cash rate and other money market rates," Kent said.

Persons: Christopher Kent, Kent Organizations: Bank of Australia, Reserve Bank of Australia Locations: Sydney, Australia, Australia's

☆ UPS to replace FedEx as U.S. Postal Service's primary air cargo provider
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: +2 min

United Parcel Service will become the United States Postal Service's (USPS) primary air cargo provider, the company said on Monday, as rival FedEx announced an end to its more than 20-year partnership with the postal service provider. USPS was the largest customer for FedEx's air-based Express segment, even as payments declined after the postal service shifted letters and packages from planes to more economical trucks. 1 USPS domestic air contractor, FedEx had supported the agency's Priority Mail and other quick services. "The parties were unable to reach agreement on mutually beneficial terms to extend the contract," FedEx said in a securities filing on Monday. USPS' payments to FedEx shrank to about $1.7 billion in fiscal 2023, from $2.4 billion during the fiscal year ended September 2020.

Persons: Thomas Martin, FreightWaves Organizations: Parcel Service, United States Postal, FedEx, UPS, USPS, GLOBALT Investments, Air Line Pilots Association Locations: Atlanta

UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

☆ Russian veto points to 'grim future' for North Korea sanctions enforcement
▼ + stars: | 2024-03-29 | by ( ) www.cnbc.com time to read: +2 min

Russian President Vladimir Putin and North Korean leader Kim Jong Un during their meeting at the Vostochny Cosmodrome in the Amur region on Sept. 13, 2023. Russia's move to effectively disband the panel of experts monitoring longstanding United Nations sanctions against North Korea points to a "grim future" for the sanctions enforcement, three former members of the panel told Reuters. Russia vetoed the annual renewal of the multinational panel of experts on Thursday, which has spent the last 15 years monitoring U.N. sanctions against North Korea over its nuclear weapons and ballistic missile programs. Beijing and Moscow have denied breaking sanctions but have blocked new measures at the UN Security Council and advocated lifting some existing sanctions on North Korea, blaming the West and its allies for exacerbating tensions. "Russia's vote, along with its blatant violation of sanctions by buying conventional arms from North Korea, years long history of ignoring their obligations, and at least tacit support from China suggest that the future is grim for the DPRK sanctions regime," he said, using the initials of North Korea's official name, the Democratic People's Republic of Korea.

Persons: Vladimir Putin, Kim Jong Un, Russia's, Aaron Arnold Organizations: North, Vostochny, United Nations, Reuters, UN Security Council, West, Diplomats, Korean, Britain's Royal United Services Institute, Democratic People's Locations: Amur, North Korea, Russia, China, North, Beijing, Moscow, Pyongyang, Ukraine, DPRK, Democratic People's Republic of Korea

☆ Social Security Administration to remove food assistance as barrier to accessing certain benefits
▼ + stars: | 2024-03-28 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

The Social Security Administration has issued a final rule that will prevent food assistance from reducing payments to certain beneficiaries. The change applies to Supplemental Security Income, or SSI, which provides monthly checks to adults and children who are disabled, blind or age 65 and older, and have little or no income or resources. Approximately 7.4 million Americans receive support either exclusively from SSI or in combination with Social Security. The Social Security Administration, in turn, will no longer have to use its limited resources to document every time a beneficiary received free food and then cut their monthly benefit by as much as a third, she said. "It represents a really meaningful step to address one of the most complex, burdensome and inhumane policies impacting people with disabilities that receive SSI," Milburn said.

Persons: Darcy Milburn, Milburn Organizations: Social Security Administration, Social Security, Finance, Social, Security, SSI

“There’s no strong infrastructure for safety in maritime," said Jim Hall, who led the National Transportation Safety Board from 1994 to 2001. The Dali was flagged in Singapore, which has one of the best safety records of any country where ships are based. It's not listed as one of the 42 countries identified as “flags of convenience” by the International Transport Workers Federation. He said that with maritime shipping being the oldest transportation industry, with its international regulations that rely on many different countries for enforcement, it may have the most problems. “When I talk about those other transportation industries, the maritime industry is the worst offender of safety violations, of labor violations than any other industry,” Rexha said.

Persons: “, Jim Hall, Peter DeFazio of, ”, ” DeFazio, it's, Dali —, Peter Gautier, Dali, It's, Grace Ocean, Douglas Hales, ” Hales, Roland Rexha, midflight, ” Rexha, Michael Kunzelman, Seung Min Kim Organizations: International Maritime Organization, National Transportation, Guard, Former U.S . Rep, Transportation, U.S . Coast Guard, International Chamber of Shipping coalition, Allianz Global, International Transport Workers Federation . Authorities, Synergy Marine, University of Rhode, Port, Marine Engineers, Boeing, Max, Associated Press Locations: Baltimore, London, Former, Peter DeFazio of Oregon, West, New York, United States, U.S, Singapore, Chile, Belgium, Antwerp, Callao, Western Callao, Port of Baltimore, Ohio

☆ Costco and Sam's Club's smaller rival BJ's Wholesale will open more clubs in Southeast
▼ + stars: | 2024-03-27 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Similarly, club stores resonate with budget shoppers because they emphasize getting more for less. The smaller rival of Costco and Walmart -owned Sam's Club is just the latest warehouse club to share its goals for expansion. The company plans to open a dozen new clubs this fiscal year, including an already announced club in Louisville, Kentucky. Most of the Marlborough, Massachusetts-based retailer's clubs have been concentrated on the East Coast. BJ's Werner said the company's typical customer has an average household income of between $75,000 and $100,000.

Persons: Costco, BJ's, Bill Werner, Werner, Greg Melich, Melich, That's, BJ's Werner, it's Organizations: U.S, Research, Costco, Walmart, Sam's, BJ's Wholesale, Washington D.C, Evercore ISI, Kroger Locations: Burlington, Aldi, U.S, Maryville , Tennessee, Myrtle Beach , South Carolina, Palm Coast, West Palm Beach , Florida, Carmel , Indiana, Louisville , Kentucky, Midwest, Marlborough , Massachusetts, East Coast, Washington, Puerto Rico, Tennessee , Alabama, Indiana, Michigan

LOS ANGELES (AP) — He's gone to Carolina in his mind and on tour for much of 2024. Photos You Should See View All 60 ImagesAP: Before the continental U.S. tour, you're headed to Japan, the Philippines, Australia, New Zealand and Hawaii. But he put it in reverse, stomped the accelerator and tore a great trough, a great furrow in the Tanglewood lawn. It's turned out to be a great thing for me, to play Tanglewood every year. TAYLOR: I feel like I’ve got another one in me — sounds like an egg — but I'm writing a little bit.

Persons: — He's, James Taylor, Taylor, It's, I've, TAYLOR, I’ve, it’s, Kim, It’s, “, we’ve, David Bowie ’, Bob, Dylan, Bruce, Springsteen Organizations: ANGELES, Associated Press, Hollywood Bowl, Filene, Darien Center, Tanglewood Locations: Carolina, United States, Massachusetts, Los Angeles, Vienna , Virginia, Salt Lake City, Morrison , Colorado ; Kansas City , Missouri, St, Louis, Highland Park , Illinois, Noblesville , Indiana, Nashville , Tennessee, North, Rock , Arkansas, Thackerville , Oklahoma, Clarkston , Michigan, Darien, Darien Center , New York, Syracuse , New York, Bethel Woods , New York, Bangor , Maine, Gilford , New Hampshire, Lenox , Massachusetts, Philadelphia, Wantagh , New York, Saratoga Springs , New York, Bridgeport , Connecticut, Burgettstown , Pennsylvania, Boston, Japan, Philippines, Australia, New Zealand, Hawaii, London

(AP) — A report detailing the audit of a $19,000 lectern purchased for Arkansas Gov. Norman said the governor's office requested an extension for its “management response," which is included in reports issued by the Division of Legislative Audit, and that response is due Friday. Legislative Audit conducts more than 1,000 reviews of state agencies, school districts and local governments every year. Sanders’ office said it received the lectern in August. Sanders' office did not immediately respond to a request for comment Wednesday.

Persons: Sarah Huckabee Sanders, Roger Norman, Norman, Sanders, Sanders ’, Donald Trump, It's Organizations: Arkansas Gov, Wednesday, Division, Legislative Audit, Republican Party of Arkansas, Republican Locations: Virginia

☆ India's inflation, growth at risk from Red Sea crisis-driven oil price rise, government says
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +1 min

India's national flag flaps next to the 'National Emblem' at the newly constructed Indian parliament building after the flag hoisting ceremony in New Delhi on Sept.17, 2023. India's inflation and economic growth are at risk from the rise in oil prices caused by disruptions in the Red Sea, the government said on Friday, highlighting the need to diversify trade routes. A combination of high freight costs, insurance premiums and long transit times can make imported goods "significantly more expensive", India's finance ministry said in its monthly economic review. India's shipments of agricultural commodities, textiles, chemicals, capital goods, marine and petroleum products may be impacted due to the disruptions, and affect the price competitiveness of exports. "To effectively address these challenges, there may be a need to diversify trade routes and transportation options," the finance ministry said.

Persons: Yemen's Locations: New Delhi, Red, Europe, Suez, Africa

☆ Asia markets poised for mixed open as investors await inflation data from the region this week
▼ + stars: | 2024-03-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Roslan Rahman | AFP | Getty ImagesAsia-Pacific markets were set to open mixed as investors await a slew of inflation reports from the region. Singapore and Malaysia will release their February inflation reports on Monday, while Australia's inflation numbers will be out on Wednesday. Tokyo's inflation numbers are due Friday. The capital's inflation numbers are widely seen as a leading indicator of nationwide trends. Futures for Hong Kong's Hang Seng index stood at 16,515, pointing to a slightly stronger open compared with the HSI's last close of 16,499.47.

Persons: Roslan Rahman Organizations: AFP, Getty, Nikkei Locations: Sands, Singapore, Asia, Pacific, Malaysia, Australia, Chicago, Osaka

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