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A few years ago, the English artist Jesse Darling was standing in the vegetable aisle of a grocery store when he had a kind of epiphany. Staring at plastic-wrapped produce, he suddenly felt an acute awareness of the path the items had taken to get there: from cultivation to processing, to packaging and shipment, and then to their place on the shelves. “I just stood there transfixed on the spot,” he recalled in a video posted last year. “I had this overwhelming sense of how fragile and precarious and preposterous it was: utterly in excess of requirement and in excess of possibility.”Darling hopes to provoke such revelations among viewers of his works, which include sculptures and installations of manipulated found objects. He wants to expose the “fairy tale” of “the nation-state, the apparatus of capitalism, the structure of modernity, and race and gender,” he said in a recent interview — like “when someone is wearing an invisibility cloak and someone throws paint or talcum powder on it and it suddenly comes into view.”
Persons: Jesse Darling, , , ” Darling
Read previewNate Anderson, the chief mind behind activist short-seller Hindenburg Research, has had an eventful past 18 months. AdvertisementDetailed below is the considerable back-and-forth that's taken place since Hindenburg's initial shot across the bow of Adani Group. It cited "numerous examples"of those companies funneling money through private companies owned by Adani, before cash was set to Adani's listed public companies. AdvertisementThe short-seller's investigation also found Adani's private and public companies to have "numerous" undisclosed transactions with other parties, the researchers found, which violates regulatory laws in India. Conflict over Hindenburg's short-selling arrangementIndian regulators have raised specific questions about the structure of Hindenburg's short bet on Adani Group.
Persons: , Nate Anderson, Gautam Adani, Hindenburg, it's, Anderson, Gautam, Hindenburg's, Adani, SEC —, Kingdon, who's, he's, Nikola, Carl Icahn Organizations: Service, Hindenburg, Business, Group, Adani, Adani Group, Hindenburg Research, The Securities, Exchange Board, SEC, Kingdon Capital Management, Regulators, Lordstown Motors, Icahn Enterprises, New York Times, Times, charlatans Locations: India, Manhattan, Adani, New York
“I was like, ‘Okay, let’s see what the guys look like in Vienna,’” Carter recalls. “If I’m going to meet up with this guy, I should FaceTime him to make sure he’s real,” she thought. “I was thinking, ‘This is either going to go really good or really bad,’” Carter recalls. “It went from zero to 100, really, really quick, in terms of comfort. And either I’m going to have to move here, or he’s going to have to move to America.
Persons: CNN — Carter Leathers, Italy –, Carter, Max Ratzenböck, ” Carter, Max, she’d, , , ‘ I’m, ’ ”, whiling, , ’ ” Carter, I’d, it’s, I’m, Bumble, Max swiped, Max couldn’t, ” Max, Carter Ratzenböck Carter, Florence –, he’d, “ I’m, We’d, you’re, Carter’s, , Pretty, Max's, Carter Ratzenböck, Florence’s, ” Here's Carter, marveling, He’s, they’d, ‘ We’re, They’d, Alex Katz, Austria who’d, “ It’s, “ I’ve, Max’s, ” Carter didn’t, Europe – she’d, Carter –, serendipitously, Max it’s, Max – Organizations: CNN, CNN Travel, Austrian, Opera House, Schönbrunn, Ferris, Viennese Opera, Vienna, Intelligence, , America Locations: Florence, Italy, Sacramento , California, Europe, California, Rome, Vienna, Austria, Austrian, Tuscany, Italian, Ponte Vecchio, osterias, , , America, Sacramento, San Francisco, Napa Valley, Monterey, Paris, accilimatize, Ponte
The first vaccine for malaria received major regulatory approval in 2015. That means that the next desperately needed vaccine stands every chance of running into those same problems. The people who desperately needed a malaria vaccine were in villages in sub-Saharan Africa. The Bill & Melinda Gates Foundation put up more than $200 million to test it. “If you go from very enthusiastic to very unenthusiastic and you’re the Gates Foundation, people pay attention.”— Dr. Robert Newman, former director, Global Malaria Program, W.H.O.
Persons: it’s, It’s, We’ll, , Joe Cohen, Melinda Gates, Dr, Robert Newman, Organizations: U.S . Army, GlaxoSmithKline, GSK, PATH, Melinda Gates Foundation, Gates Foundation, Global Malaria Locations: Africa, Sierra Leone, Cameroon, Saharan Africa
The June jobs report showed 206,000 jobs added to the economy, slightly above estimates. "To us, the message is the labor market is slowing," Fundstrat's Tom Lee said of the June jobs report. AdvertisementUS stocks closed at fresh record highs on Friday after a dovish June jobs report. Both indexes finished the week at record highs, while the Dow Jones Industrial Average has yet to hit its record high reached in May. AdvertisementThe April jobs report was also revised lower to 108,000 jobs added that month, down from the initial reading of 165,000.
Persons: Tom Lee, , Steven Blitz, Lombard, JPMorgan's David Kelly Organizations: Service, Nasdaq, Dow Jones, Federal Reserve, Fed, GlobalData
People are hiding AirTags in campaign posters to stop thieves, The Wall Street Journal reports. The tracking devices are helping recover signs and charge those who took them. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's a political tale as old as time: put up a campaign poster in your yard, and thieves come to snatch it. But according to The Wall Street Journal, those fed up with front lawn looting are embracing a modern solution.
Persons: , John Dittmore Organizations: Street, Service, Wall Street Journal, Business Locations: Florida
Robert Smith, founder, chair and CEO of Vista Equity Partners, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. With this debt, Vista could generate strong returns if Pluralsight's business performed well, according to the sources. They also show that Vista propped up Pluralsight by allowing it to borrow $162.5 million from its private equity fund. "The company experienced rapid deterioration of its business in the first quarter," Vista wrote in a fund document dated May 28. In a May 28 update to fund investors, Vista said Pluralsight's equity value went from $1.5 billion to zero in the first quarter of 2024.
Persons: Robert Smith, Lucy Nicholson, Vista, Pluralsight, Goldman Sachs, Golub, Gustavo Schwed, NYU Stern, It's, Steven Kaplan, Kaplan, Chris Walters, Aaron Skonnard, Walters, Skonnard, KBRA, Milana Vinn, Greg Roumeliotis, Dave Gregorio Organizations: Vista Equity Partners, Milken Institute Global Conference, REUTERS, Vista Equity, Reuters, Cloud, U.S . Securities, Exchange Commission, Vista, NYU, Chicago Booth School, Business, Thomson Locations: Beverly Hills , California, U.S, Vista, BlackRock, Oaktree, Pluralsight, New York
In the first, “The Death of R.M.F.,” Jesse Plemons plays Robert, the hapless puppet of his boss Raymond (Willem Dafoe). Eats a Sandwich,” Stone and a now-shaven headed Plemons are the disciples of a purity cult led by Dafoe, tasked with locating someone able to revive the dead. Emma Stone plays three characters across three stories in Yorgos Lanthimos's "Kinds of Kindness," and her wardrobe journey reflects that. “Willem is such a great example: you are a CEO, and then you’re (Stone’s) father, and now you’re a leader of a sex cult. Yorgos Lanthimos/Searchlight PicturesIn the third chapter Dafoe plays a cult leader, freed from Raymond’s designer suits and instead sporting little else besides eyeliner and orange Speedos.
Persons: darlings, He’s, , ” Jesse Plemons, Robert, Raymond, Willem Dafoe, , Emma Stone, Plemons, , Dafoe, Yorgos Stefanakos, Yorgos, ” Jennifer Johnson, ” Johnson, Gianni Agnelli, Italy’s, Agnelli, ” Dafoe, Emma Stone’s, Johnson, Atsushi Nishijima, “ Anna Karenina ”, — Plemons, Tom Ford turtleneck Robert’s, “ Willem, Jesse Plemmons, Margaret Qualley, Rebecca, Ruth, she’s, lambasting Robert, “ There’s, it’s, ‘ yup, Ken, Barbie, “ They’re, groans Organizations: CNN, Searchlight, Fiat Locations: Hong, Venice, New Orleans
Of the latter, social media is littered with posts about the idea of "dark psychology" and how it's potentially used to manipulate partners. She said she sees dark psychology tricks used a lot in dating. They gradually belittle youWright said devaluation is another common dark psychology trick — and it usually happens after the idealization or love bombing phase. In the early stages of dating, one of Wright's clients "noticed their date was frequently contradicting things they had previously said or done." No amount of dark psychology tricks will ever bring them close.
Persons: , Annie Wright, Wright, It's, Wright's Organizations: Service, Business Locations: Berkeley , California
Of the latter, social media is littered with posts about the idea of "dark psychology" and how it's used to manipulate partners. "They're hacks or cheats to get what you want faster," Annie Wright, a relational-trauma therapist in Berkeley, California, told Business Insider. She said she'd seen dark psychology tricks being used a lot in dating. They gradually belittle youWright said devaluation is another common dark psychology trick — and it usually happens after the idealization or love bombing phase. No amount of dark psychology tricks will ever bring them close.
Persons: , Annie Wright, Wright, Wright's Organizations: Service, Business Locations: Berkeley , California
Welcome to the Little Britain Inn, a corner of Germany that shall remain forever England. Because that’s the thing about the Little Britain Inn. In fact, the reason the Little Britain Inn exists is because of a cross-cultural argument. The Little Britain Inn also rates 4.8 out of 5 on Google. Some of our best guests have been here eight or 10 times – it’s like they’re our friends.”Today, the Little Britain Inn is going from strength to strength.
Persons: , Jack, that’s, there’s, Queen Elizabeth, Prince William, , Blinders, Julia Buckley, Robin Hood, James Bond, Queen Elizabeth II, . Bean, Jack Sparrow, Alice, Wonderland, the, William, Meghan, Harry, Charles, Camilla, Princess Diana, Brexit Gary Blackburn, Gary Blackburn, Blackburn, Monika, who’s, it’s, who’d, he's, Unkel –, Who, they’d, Union Jack –, England, , Bean, Agatha Christie, Harry Potter, – Blackburn, traipse, King Charles, Emma Bridgewater, King Charlie's, John Deere, Emily, Alyson, wouldn’t, They’re, Diana, Gary’s Organizations: Germany CNN, England, lifesize Paddington Bears, Paddington Bears, CNN, Paddington Bear, Brit, European Union, EU, Blackburn, Little, Linz –, Royce, Union, Google, YouTube, Regulars Locations: Vettelschloss, Germany, Rheinland, Pfalz, Rhineland, Palatinate, Bonn, West Germany, Cologne, Little Britain, Trafalgar, Little, England, British, German, Poland, Unkel, Linz, London, Blackburn, Guildford, Charles, Cornwall, Birkenstock, Argentina
Each year, close to two million people watch Nathan’s hot dog eating contest on ESPN, according to the frankfurter brand. Boys participating in a pie eating contest at the 4-H Club fair in Cimarron, Kansas. At the time, PR mavens Max Rosey and Mortimer Matz thought a hot dog eating competition would drum up some publicity for Nathan’s. (They also seem to have made up the legend that the first Nathan’s contest was held in 1916). “We love the Nathan’s hot dog eating competition because we love how it brings the city together,” Fellman said, standing with a group of her friends, all wearing Nathan’s hot dog eating contest T-shirts.
Persons: Jacqueline Lewis, ” Lewis, franks, frankfurter, Joey Chestnut, Apuleius ’, , Jason Fagone, Fagone, , ” Fagone, Corbis, Adrienne Bitar, Max Rosey, Mortimer Matz, Melody Andorfer, George, Richard Shea, George Shea, , Shea, Rosey, ” George Shea, Henry S, Dziekan, it’s, ” Shea, ’ ” Shea, Takeru Kobayashi, Kobayashi, Kazutoyo Arai, Spencer Platt, ” Bitar, ” Kobayashi, Bitar, you’re, , Kena Betancur, ” Beatrice Fellman, ” Fellman, Bass Organizations: New, New York CNN, CNN, ESPN, Boys, Cornell University, , Nathan’s, League, LA Times, Netflix Locations: New York, Coney Island, Coney, United States, Pennsylvania, Cimarron , Kansas, , Long, New York City, Japan, Brooklyn , NY, America, Brooklyn, Kena
“It was my weird femme fantasy of what my grown-up life was going to be.”“I wanted True Directions to look like the Barbie Dreamhouse,” she continued. True Direction's founder, Mary, insulates herself from reality in the artificial setting that she's built for traditional gender roles. “I just love the cult following that it’s had,” Friedberg said in the call with Babbit and Kamerman. Despite the film’s barriers, Babbit, Friedberg and Kamerman are all pleased with its longevity, particularly as they’ve seen it gain cachet with an entirely new generation this past decade. “We were just making our weirdo indie film of queer joy and female power in a vacuum.”
Persons: , Natasha Lyonne, Clea DuVall, it’s, Megan, Lyonne, Jamie Babbit’s, Cathy Moriarty, , Eddie Cibrian, Mike, “ Barbie ”, Babbit, , Dreamhouse, Mary, insulates, Jamie Babbit, Mark Lipson, Kushner, Locke, couldn't, , Brian Wayne Peterson, Alix Friedberg, Tim Burton’s, Edward Scissorhands ”, John Waters, Rachel Kamerman, It’s, Phoebe Bridgers, MUNA, ” Friedberg, ” Babbit, Rogert Ebert, butch, Gia ”, Kamerman, Graham, DuVall, Eden bodysuits, Adam, David LaChapelle, reining, Jamie — you’ve, she’s Organizations: CNN, , Tattle Locations: New York City, New York, London, Palmdale , California, soundstages, Friedberg, Kamerman
Read previewI live a couple of minutes from Disney World and visit the parks about four times a week. I've dined at about 60% of the restaurants at Disney World (both table service and quick service), and there are hits and misses. I usually enjoy a plate of chicken Parmesan or spaghetti, but not from here. I'd recommend visiting Tutto Gusto or Tutto Italia at Epcot if you're wanting some high-quality Italian cuisine at Disney World. I can't express how delicious the food is at Boma — it's some of the best food I've had at Disney World.
Persons: , I've, Pecos Bill, Jenna Clark, Jenna Clark Tony's, Melrose's, I'd, I'm, Jenna Clark Coral, haven't, Mouse, Mickey Mouse, Dale, Boma Organizations: Service, Disney, Business, Pecos, Pecos Bill, Magic, Disney's, Columbia, Columbia Harbour House, House, Hollywood Studios, Epcot, Fish, Rose & Locations: Magic, Pecos, Tony's, Columbia Harbour, Epcot, it's, Southern, Yorkshire, Jenna Clark Yorkshire
Read previewThe sheer scale of drone use in Ukraine has given rise to an increasing battle for the skies, and the rise of drone-on-drone dogfights. He described how a small commercial drone out on reconnaissance might notice an enemy drone in the sky, fly above it, and drop down to clip its rotors. Armed Forces of UkraineOne of the simplest attacks is using an FPV drone to crash into an enemy drone, with or without an explosive attached. Ukrainian drone footage shows a Russian drone with an explosive payload hanging from it. Drones can be sent to look for antenna peeking out of windows — "a tell-tale sign of an enemy drone pilot covertly operating," he said.
Persons: , James Patton Rogers, Mike Monnik, DroneSec, Monnik, DroneHunter, Skip, Patton Rogers, John Moore, we'll Organizations: Service, Business, Cornell Brooks Tech Policy Institute, Armed Forces of, Royal United Services Institute, Ukraine's Center, Strategic Communications, Information Security, Scientific, BI, Ukrainian Army's 93rd Brigade, Aircraft Locations: Ukraine, Russia, Russian, Ukrainian, Armed Forces of Ukraine, Bakhmut
CNN —Playing safe is not an option for wildlife photographer Greg du Toit. Unlike many in his field, du Toit says he doesn’t use bait, camera traps, digital manipulation, captive bred animals or drones. Du Toit says that his photographs may look beautiful, "but the reality of getting those photographs is very different." Du Toit famously once spent 16 months photographing lions at a waterhole in Kenya’s South Rift Valley. Du Toit: I want to photograph animals in their wild habitats, doing what they naturally do.
Persons: Greg du Toit, Toit, Du Toit, it’s, Simon YM Pang, … Du Toit, I’d, I’ve, , I’m Organizations: CNN, Nikon, Wildlife, Fine, Simon YM Pang CNN, Greg du Toit CNN Locations: , Zambia, Zimbabwe, Tanzania, Africa, India
The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street's expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra-low-rise baggy pants. It's not clear how sales at Docker's were affected by the timing of Levi's wholesale orders. The changes are necessary because nearly half of Levi's sales these days are coming from its own website and stores. During the quarter, wholesale revenue grew 7%, but excluding the shift in timing of wholesale orders, sales in the channel decreased 4%. Singh noted that wholesale revenue improved on a sequential basis, but the company has a "conservative" view of the channel's growth moving forward.
Persons: hasn't, Levi Strauss, Levi's, Harmit Singh, Singh, Michelle Gass Organizations: LSEG, Finance, CNBC, Levi's, Nike Locations: U.S, Europe, Macy's
But the latest workplace trends — "silent layoffs" and "quiet firing" — could be the most harmful to date. Silent layoffs occur when a company provides staff with severance packages but asks them to keep quiet about the details of their exit. Amit Rawal, a management lecturer at City University of London's Bayes Business School, told BI that silent layoffs have become "increasingly popular across larger corporations." Related storiesThe goal of silent layoffs is likely to minimize the amount of negative traction the company receives. Advertisement'A PR disaster waiting to happen'Experts told BI that quietly getting rid of employees could easily backfire when employees opt to fight back and speak out.
Persons: , PwC, Mohamed Kande, Amit Rawal, Eloise Skinner, it's, Skinner, Lucas Botzen, Suzanne Horne, Paul Hasting, Evan Nierman, Banyan, Dan Buckley, Buckley, Nierman, Horne Organizations: Service, Business, Financial Times, PwC Global Network, Europa Press, City University, London's Bayes Business, National Labor Relations, CNN, National Labor Relations Board, Dell, Workers, Amazon, BBC
Read previewWarning: Spoilers ahead for the first episode of "Orphan Black: Echoes." Nearly seven years after the series finale of "Orphan Black," the clone-centered sci-fi show is returning with a new spinoff, "Orphan Black: Echoes." Lucy's creator is Kira Manning (Keeley Hawes), the daughter of "Orphan Black" lead character Sarah Manning (Maslany). "Orphan Black: Echoes" showrunner Anna Fishko and "Orphan Black" co-creator John Fawcett. AdvertisementNew episodes of "Orphan Black: Echoes" air on Sundays on AMC and BBC America and stream on AMC+.
Persons: , Anna Fishko, Lucy, Krysten Ritter, Tatiana Maslany, Fishko, Tatiana, Tatiana Maslany doesn't, JC Olivera, Kira Manning, Keeley Hawes, Sarah Manning, Kira, Aunt Cosima, Cosima Niehaus, Felix, Jordan Gavaris, Siobhan, Maria Doyle Kennedy, John Fawcett, Rick Kern, who'd, Ritter, Amanda Fix, Sophie Giraud, Kristen Organizations: Service, Business, Street Productions, BBC, Bell Media, BI, Getty, AMC Networks, Clone, AMC Locations: BBC America
The Man Softening the Ground for an Extremist Germany
  + stars: | 2024-06-23 | by ( Erika Solomon | ) www.nytimes.com   time to read: 1 min
From the small stage of a pub in a wooded town of eastern Germany, the right-wing ideologue Björn Höcke regaled a crowd of followers late last year with the tale of his imminent trial. He faced charges for saying “Everything for Germany” at a political rally — breaking German laws against uttering Nazi slogans. Despite that approaching court date, he looked down at the crowd, and gestured to them with an impish grin. After a decade of testing the boundaries of political speech in Germany, Mr. Höcke, a leader of the Alternative for Germany party, or AfD, no longer needed to push the limits himself. That moment crystallizes why, to his critics, Mr. Höcke is not simply a challenge to the political order, but a threat to German democracy itself.
Persons: Björn Höcke, gestured, , , Höcke Organizations: Germany ”, Germany Locations: Germany, “ Germany
In the words of Florida Panthers captain Aleksander Barkov, the Stanley Cup Final has become “everyone’s dream.”The Edmonton Oilers have come back from the brink, igniting imaginations and creating a unique chapter in NHL history. “Game 7, so everyone’s dream, and that’s why we need to be ready for Game 7,” Barkov told reporters. The home team in Game 7 has a 12-5 record in the Stanley Cup Final. Home advantage has helped historically, with the host team enjoying a 12-5 record in Game 7 of the Final. Hyman, who with 16 goals has scored the most in a single postseason since Joe Sakic had 18 in the 1996 Stanley Cup playoffs, summed up the Oilers’ position nicely.
Persons: Aleksander Barkov, ” Barkov, , Zach Hyman, Leon Draisaitl, , Sergei Belski, Reuters “ You’ve, Paul Maurice, reporterrs, Dmitry Kulikov, Barkov, Sam Reinhard, , Hyman, Carter Verhaeghe, Oilers “, ” “, Codie McLachlan, Joe Sakic, we’ve Organizations: CNN, Florida Panthers, Edmonton Oilers, Panthers, ” Oilers, Oilers, Edmonton, Toronto Maple Leafs, USA, Sports, Reuters, ” Panthers, Rogers, , Getty Images, NHL Locations: Florida, Edmonton, Getty Images Edmonton
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. With 90%+ gross margins and 35% operating margins, Autodesk is a leader in AEC software. Further, its operating margins are not much worse than those of its peers at first blush. However, Starboard correctly does not judge the company's operating margins on the mean of its peer set, but by the potential embodied in its gross margins and market position. He no longer serves on the board of Autodesk, but he could certainly be an informal advisor to Starboard – or a cautionary tale for Autodesk.
Persons: Max, Russell, Deborah Clifford, Clifford, bode, Sachem, Andrew Anagnost, designees, Rick Hill, Hill, designee, Ken Squire Organizations: Autodesk, Engineering, Manufacturing, Media, Entertainment, Manufacturing Solutions, Wonder, Delaware Chancery, , U.S . Securities, Exchange Commission, Delaware Court, Marvell Technology, Symantec, 13D Locations: Delaware, Autodesk's
Read preview"Perfect Wife: The Mysterious Disappearance of Sherri Papini" tells the story of a woman who went missing on November 2, 2016, after she staged her own kidnapping. The Hulu true crime docuseries details how Sherri Papini was found 22 days later in Yolo County, California, near Interstate 5, some 150 miles away from her home in Redding, California. AdvertisementShe signed a plea deal admitting that she had lied to the authorities and that the kidnapping never happened. Papini was released from prison in 2023Sherri Papini leaves the federal courthouse after being sentenced to 18 months in prison in September 2022. Rich Pedroncelli/APAccording to the Federal Bureau of Prisons, Papini was officially released from prison on September 29, 2023.
Persons: , Sherri Papini, James Reyes, Denise Huskins, Matthew Muller, Papini, Reyes, Keith Papini, Rich Pedroncelli, Papini's, I've, Violet, Tyler Organizations: Service, Business, Netflix, FBI, Federal Bureau of Prisons, CBS News, Redding, USA Locations: Yolo County , California, Redding , California, Costa Mesa, Sacramento , California, California
CNN —Hundreds of monumental stone heads dot the coastline of the remote Pacific island of Rapa Nui, or Easter Island. Terry HuntThe rock gardens had covered up to 21.1 square kilometers (8.1 square miles) and could have sustained up to 17,000 people, previous research suggested. Archaeologists have identified the remains of rock gardens on which islanders would have grown sweet potatoes and other crops. “This finding was the result of integrating new remotely sensed data, data not available when we did our original study.” He wasn’t involved in the new research. In fact, when Europeans first make contact with Rapa Nui people, they only report seeing maybe 3,000 or 4,000 people and report that people were in good spirits,” Davis said.
Persons: Jared Diamond, , Dylan Davis, Davis, School’s Lamont, Terry Hunt, ” Davis, Rapa, ” Ladefoged, wasn’t, Christopher Stevenson, ” Stevenson, Carl Lipo, What’s Organizations: CNN, Columbia, Observatory, New Zealand’s University of Auckland, School of, Studies, Virginia Commonwealth University Locations: Rapa Nui, Rapa, Chile, Pitcairn, Washington
The Federal Reserve may cut interest rates in July to prevent a recession. Markets are only pricing in a 10% chance of an interest rate cut in July, according to the CME FedWatch Tool. AdvertisementMarkets may think it's a long-shot, but the Federal Reserve could make its first interest rate cut in July as recessionary cracks start to form in the economy. According to the CME FedWatch Tool, markets are only pricing in a 10% chance of an interest rate cut at the July policy meeting, with most market participants expecting the first interest rate cut to happen in either September of November. And with recent data showing cracks forming in the housing and labor markets, that means a rate cut will happen sooner than most expect.
Persons: , Steven Blitz, Jerome Powell, Powell, Neel Kashkari Organizations: Service, Federal Reserve, GlobalData, Fed
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