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☆ Is Maddow in Milwaukee? No, That’s an LED Screen on MSNBC.
▼ + stars: | 2024-07-17 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: 1 min

MSNBC’s prime-time coverage of the Republican National Convention has featured a typical TV tableau: anchors at a desk perched high above the convention floor, pontificating as the starred-and-striped political pomp unfolds below. But Rachel Maddow, Nicolle Wallace, Jen Psaki, Joy Reid and the rest of MSNBC’s A-list anchor team have not been inside the convention hall. They were not even in Milwaukee. Instead, they were broadcasting from a studio in Midtown Manhattan, as a live feed of the convention floor was projected onto an LED screen behind them.

Persons: Rachel Maddow, Nicolle Wallace, Jen Psaki, Joy Reid Organizations: Republican National Convention Locations: MSNBC’s, Milwaukee, Midtown Manhattan

Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks closed lower Wednesday, continuing negative sentiment seen in the previous two trading sessions as technology stocks plummeted. The regional Stoxx 600 index provisionally closed 0.43% lower, with most major bourses in the region falling and sectors trading mixed. European tech stocks plunged 4.4%, mirroring a sell-off seen across the Atlantic, where the Nasdaq Composite retreated 2% in early deals. U.S. stocks were broadly lower as investors continued to rotate out of megacap tech stocks into the broader market.

Organizations: LONDON, Nasdaq Locations: Paris, France, U.S

☆ Biden tests positive for Covid, cancels speech in Las Vegas
▼ + stars: | 2024-07-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

watch nowPresident Joe Biden tested positive for Covid-19 on Wednesday, the White House said. The president, who was delivering speeches in Las Vegas, "is experiencing mild symptoms," White House press secretary Karine Jean-Pierre said in a statement. U.S. President Joe Biden walks toward Air Force One, at Harry Reid international airport in Las Vegas, Nevada, U.S., July 17, 2024. Biden boarded Air Force One in Las Vegas around 6:30 p.m. U.S. President Joe Biden shakes hands with a person, at Lindo Michoacan Mexican Restaurant, in Las Vegas, Nevada, U.S., July 17, 2024.

Persons: Joe Biden, Karine Jean, Pierre, Biden, Jean, Pierre said, Harry Reid, Tom Brenner, Lindo Organizations: Air Force, Reuters, White, CNBC, Univision, Lindo Locations: Las Vegas, Delaware, Las Vegas , Nevada, U.S, Rehoboth, Lindo Michoacan Mexican

☆ Steve Bannon filmed Jeffrey Epstein for 15 hours. His 'documentary' has never surfaced.
▼ + stars: | 2024-07-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +16 min

Read previewBefore his 2019 death in jail, Jeffrey Epstein spent hours being interviewed on camera by Steve Bannon. AdvertisementAlexandra Preate, a spokesperson for Bannon, told BI in December 2021 that the documentary about Epstein would be screened "probably around Labor Day." In the 2000s, Trump and Jeffrey Epstein fought over Trump's purchase of a Palm Beach mansion that Epstein coveted. Mark Epstein said Jeffrey Epstein told him he wasn't subpoenaed for any depositions at that time. "You were the only person I was afraid of during the campaign," Bannon told Epstein, according to Wolff's book.

Persons: —, Jeffrey Epstein, Steve Bannon, Bannon, Epstein, Ghislaine Maxwell, Epstein —, Donald Trump's, He's, Kevin McCarthy, Alexandra Preate, Preate, Trump Bannon, Mark Epstein, Jeffrey Epstein's, Donald Trump, Melania Knauss, Jeffrey, Trump, Bannon's, Steve Bannon's, Jacob Shamsian, wasn't, would've, Brett Kavanaugh, Kavanaugh, he's, Mike Lindell, I've, It's, Guo Wengui, Guo —, Ho Wan Kwok, Miles Guo —, Guo, Leon Black, Black, Epstein's, David Bossie, Bobbi Sternheim, Gloria Allred, Arick Fudali, didn't, David Schoen, Brad Edwards, Emma, Jo Morris, Hunter, Morris, Michael Wolff, Wolff, Julie K, Brown, Alexander Acosta, Acosta, Ehud Barak, Reid Weingarten, Rachel Maddow, Gayle King, King, Patrick Semansky, he'd, Diana, Jean Carroll, Bergdorf Goodman, Carroll Organizations: Service, New York, Business, Global, Victory Films, Trump, Capitol, Labor, Daily, Miami Herald, Davidoff, BI, Voting Systems, Apollo Global Management, White, Citizens United, Office, Southern, of, New, Trump White Locations: Manhattan, Paris, Palm Beach , Florida, Mexico, Danbury , Connecticut, Palm Beach, New York, jshamsian@businessinsider.com, JacobShamsian, York, Miami, Florida, Trump

☆ Biden says he might quit presidential race if 'medical condition' emerged
▼ + stars: | 2024-07-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden boards Air Force One, at Harry Reid international airport in Las Vegas, Nevada, U.S., July 17, 2024. President Joe Biden said in an interview airing Wednesday that he might reconsider his decision to stay in the race against Donald Trump if a medical condition emerged. BET host Ed Gordon asked Biden in an interview conducted Tuesday. "If I had some medical condition that emerged, if somebody, if doctors came to me and said, 'You got this problem, that problem,'" Biden replied, according to a video clip shared Wednesday ahead of the broadcast. Biden, 81, has come under increasing pressure from members of his own party to withdraw from the race following his disastrous debate with Trump, 78, in late June.

Persons: Joe Biden, Harry Reid, Donald Trump, Ed Gordon, Biden, Adam Schiff of California Organizations: Air Force, BET, Biden, Trump Locations: Las Vegas , Nevada, U.S

Thiel went on to cofound Founders Fund, a venture capital firm that has helped launch companies like SpaceX and Airbnb. Thiel's also a partner of Founders Fund, a venture capital fund based in San Francisco. After facilitating talks between Trump and now Sen. JD Vance, Thiel gave a record-breaking $15 million to Vance's campaign, the largest donation ever given to a single senate candidate. Thiel later told The Atlantic he was taking a break from politics. While his and Trump's relationship has reportedly soured, Trump's recent announcement of Vance as his vice president pick has put Thiel back to playing kingmaker.

Persons: Thiel, Chip Somodevilla, Thiel's, Donald Trump, Hulk, Sen, JD Vance, Vance, kingmaker Organizations: cofound, Fund, SpaceX, Airbnb, Getty, Thiel, Bloomberg, Facebook, LinkedIn, Founders Fund, Gawker Media, Gawker, Trump, Business Locations: San Francisco

☆ UK's Labour vows planning reform and clean energy transition as King's Speech reveals key policies
▼ + stars: | 2024-07-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

King Charles III, wearing the Imperial State Crown and the Robe of State reads the King's Speech from the The Sovereign's Throne next to Queen Camilla, wearing the George IV State Diadem in the House of Lords chamber, in the Houses of Parliament on July 17, 2024 in London, England. LONDON — The U.K.'s new Labour government on Wednesday outlined a raft of proposed legislation, including the nationalization of rail operators and the creation of a publicly-owned clean power company. In a speech delivered by King Charles III on behalf of the administration, the government said it is "committed to a clean energy transition that will lower bills for consumers over time," adding that it would establish Great British Energy, headquartered in Scotland, to help accelerate investment in renewable energy such as offshore wind. The speech listed a broad range of proposals, many of which have already been announced. A pledge of economic growth was yet again front and center in the speech, described in the opening lines as a "fundamental mission" which would help the country move on from the cost of living crisis.

Persons: King Charles III, Queen Camilla, George IV, Charles Organizations: Imperial State Crown, George, Labour, British Energy, Microsoft Locations: State, London, England, Scotland

Democrats’ rebellion against President Biden intensified on Wednesday with the party’s congressional leaders lobbying successfully to delay his nomination by a week, prolonging the debate over the viability of his candidacy. The maneuver came as Representative Adam B. Schiff of California became the highest-profile Democratic lawmaker to call on Mr. Biden to end his run. More details have emerged of heated conversations the president has held with lawmakers in which he has angrily pushed back on their entreaties for him to drop out of the race. Mr. Biden’s disastrous debate performance last month, his uneven public appearances and his struggles in the polls have fueled deep worries within his party. Congressional Democrats have also warned that Mr. Biden’s sagging political standing will make it far harder for them to win critical House and Senate races in November.

Persons: Biden, Adam B, Schiff, Donald J, Trump, Biden’s Organizations: California, Capitol, Associated Press, University of Chicago, Congressional

☆ Britain sees low-alcohol beer sales boom during Euros soccer championship
▼ + stars: | 2024-07-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — While the European men's soccer championship ended in gloom yet again for England, the tournament boosted the nation's grocery store and hospitality spending — with no and low-alcohol sales seeing a particular boom. Take-home grocery sales increased 2.2% across the four weeks to July 7, with beer sales up by an average 13% on England match days, market research firm Kantar said in research released Tuesday. No and low-alcohol beer sales meanwhile spiked 38%, Kantar said, attributing this to the fact that many England matches were held on weeknights. It is the latest sign of strength in the no and low-alcohol beer market, which has grown rapidly in recent years with offerings from both the brewing juggernauts and incumbents such as Lucky Saint, which is served in cans and on tap in thousands of U.K. pubs and bars. Research firm IWSR forecasts the U.K.'s total beverage alcohol market will see a 1% decline across volume and value over the next five years, as no and low-alcohol grows 19%.

Persons: Kantar, Saint, IWSR Organizations: Euro Locations: England, Spain, London, United Kingdom

Leaders of the Democratic National Committee are moving swiftly to confirm President Biden as his party’s presidential nominee by the end of July, according to four people briefed on the matter who insisted on anonymity to discuss the sensitive deliberations. The move would formalize Mr. Biden as the nominee at a moment when Democrats are torn over whether he should run again after his poor debate performance. Since May, he has been set to be confirmed through a virtual roll call, weeks before the Democratic National Convention in August. But as Mr. Biden faces persistent doubts from within his party, some delegates involved with the behind-the-scene bureaucratic process are eager to end the public conversations about his future that are unfolding during a fiercely contested campaign.

Persons: Biden Organizations: Democratic National Committee, Democratic National Convention

☆ IMF upgrades UK growth forecast in another boost to new Labour government
▼ + stars: | 2024-07-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%, providing a further boost to the country's new government. Looking ahead, the Washington, D.C.-based IMF reiterated its forecast for 1.5% U.K. growth in 2025 in the July update of its World Economic Outlook. Investment bank Goldman Sachs earlier this month nudged its 2025 forecast for the U.K. economy 0.1 percentage point higher, to 1.6%. Other economies given a 2024 growth upgrade by the IMF on Tuesday included the euro zone, which it lifted by 0.1 percentage point to 0.9%, Spain, up 0.5 percentage point to 2.4%, and China, up 0.4 percentage point to 5%. It lowered its forecast for the U.S. economy by 0.1 percentage point to 2.6%.

Persons: Taylor, Goldman Sachs, Keir Starmer, Goldman, — CNBC's Sophie Kiderlin, Vicky McKeever Organizations: Nine, Monetary Fund, D.C, Investment, Labour, European Union . Deutsche Bank, Friday, Deutsche Bank, Jefferies, Bank of England, Reuters, IMF Locations: Ruskin Park, London, England, Washington, brightening, Spain, China, U.S, Asia

☆ Bitcoin jumps as markets see increased odds of election victory for pro-crypto Trump
▼ + stars: | 2024-07-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. The value of the world's biggest cryptocurrency, bitcoin, was up around 5% at 1:40 p.m. London time, to $62,781.48, according to CoinGecko. The rally follows the dramatic failed assassination attempt on former President Trump on Saturday. Investors said over the weekend they expected so-called "Trump victory trades" to receive a boost. The Trump campaign began accepting donations from the crypto industry in May and his messaging has become increasingly positive on the future of such digital assets.

Persons: Bitcoin, Donald Trump, Trump, Reagan, Ben Emons, Trump's favorability, Zach Pandl, Sen, Elizabeth Warren Organizations: U.S, FedWatch Advisors, Investors, Trump, CNBC, Republican Locations: London

As the Republican convention opens on Monday, Democrats find themselves in a state of suspended animation and dread that the election could be tilting further away from President Biden. While there have been no new public calls from congressional Democrats for Mr. Biden to drop out since the assassination attempt on former President Donald J. Trump on Saturday, many in the party maintain grave concerns about the president’s ability to win. The last three weeks have been a cascade of fast-moving and damaging events for Mr. Biden. The shooting on Saturday complicated what Mr. Biden’s campaign believes is one of its most potent campaign messages: that Mr. Trump poses an immediate and active threat to American democracy. Mr. Trump’s in-the-moment response — the raised fist and bloodied face that instantly became a defining image — sent Democrats into yet another tailspin.

Persons: Biden, Donald J, Trump, Biden’s, Trump’s, — Organizations: Republican, Mr, Sunday, Democratic

☆ Live Updates: Authorities Find Explosives in Car of Gunman Killed in Assassination Attempt on Trump
▼ + stars: | 2024-07-14 | by ( Michael D. Shear | Mike Ives | ) www.nytimes.com time to read: +11 min

“I will Never Surrender!” Mr. Trump wrote in a text message to supporters. And Mr. Trump is preparing to name his running mate and formally claim his party’s nomination for the third consecutive election. Vance of Ohio, who is on the shortlist of candidates that Mr. Trump is considering as a running mate, wrote on X. “An assassination attempt is contrary to everything we stand for as a nation,” Mr. Biden said. Mr. Trump had assured Malphine Fogel, who lives in Butler County, that he would help get her son home.

Persons: Donald J, Trump’s, Trump, Biden’s, Biden, ”, Mr, “, Susie Wiles, Chris LaCivita, LaCivita, Doug Mills, Ronald Reagan, Melania Trump, Douglas Brinkley, Butler, ” Mr, Brinkley, “ Trump, Dan Crenshaw, Lara Trump, Kenny Holston, Donald Trump, J.D, Vance of Ohio, Lester Holt, Pramila Jayapal, Eric Lee, Nancy Pelosi, Gabby Giffords, Steve Scalise, “ It’s, Scalise, Mike Johnson, ” “ We’ve, Johnson, Christine Toretti, committeewoman, gee, Ms, Toretti, Malphine Fogel, Mike Kelly, ” Reid J, Epstein, Lisa Lerer Organizations: White, Republican National Convention, Trump, Washington, Republicans, New York Times, Rice University, ”, Republican, Republican National Committee, Trump . Federal, NBC, Congressional Progressive Caucus, Mr, Capitol, Arizona Democrat, Fox News, Louisiana Republican, Homeland Security, Pennsylvania Republican Locations: Pennsylvania, Delaware, New Jersey, Milwaukee, West Palm Beach, “ America, Butler , Pennsylvania, Texas, Trump ., America, Washington, San Francisco, Arizona, Louisiana, Butler County

☆ Here are ways to play the real estate sector in the second half if the Fed cuts rates
▼ + stars: | 2024-07-13 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

If Thursday's move into real estate stocks is reflective of a bigger trend, there's still time to make winning investments in the housing sector. As big technology stocks tumbled, traders jumped into real estate-connected holdings on a hunch that the sector would benefit from a lower-rate environment. Exactly 55% of analysts rate the stock a buy, with an average price target showing shares can rise close to 15%. About 2 out of every 3 analysts rate the stock a buy, and the average price target implies shares can climb almost 20%. The average price target reflects further upside of more than 16% over the next year.

Persons: Wells, Sam Reid, Reid, Azek, Reuben Garner, Seth Sigman, Sigman Organizations: Home, CNBC Pro, CNBC, Toll, Barclays Locations: U.S, Wells Fargo

☆ Europe markets head for higher open as more U.S. inflation data rolls in
▼ + stars: | 2024-07-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Skyscrapers in the La Defense business and financial district in Paris, France, on Monday, June 3, 2024. LONDON — European stocks are set to nudge higher at Friday's open, defying a broader global selloff, with fresh inflation data set to land. Reaction to the historic French and U.K. elections dominated the start of the week, but attention has moved to a flurry of inflation data. On Thursday, the U.S. consumer price index declined more than expected to 3% annually, down from 3.3% in May. The data will be followed up by the U.S. producer price index Friday, while German, French and Italian inflation readings will also be released.

Persons: Germany's DAX, Jerome Powell Organizations: La Defense, LONDON, MIB, CAC, Federal Locations: Paris, France, U.S

☆ A Fiery Biden, Ignoring Critics, Attacks Trump to Chants of ‘Lock Him Up’
▼ + stars: | 2024-07-12 | by ( Nicholas Nehamas | Reid J. Epstein | ) www.nytimes.com time to read: +1 min

President Biden on Friday strove to turn the nation’s attention back to former President Donald J. Trump, delivering a fiery and energetic speech in battleground Michigan that painted his Republican rival as a convict, a rapist and a cheater while simultaneously attacking the news media for an insufficient focus on such misdeeds. Even as Mr. Biden faces mounting pressure from congressional Democrats and major donors, he largely ignored the brewing Democratic revolt over his refusal to drop out of the race, beyond an emphatic statement that “I am running, and we’re going to win.”The president’s defiance, and the crowd’s enthusiastic response, helped give the Biden event at a Detroit high school gym the flavor of a Trump rally at times. When Mr. Biden referred to his political opponent, there were chants of “Lock him up” — which the president did not discourage. When he criticized news media coverage, big cheers followed, with his supporters turning to boo and point fingers at reporters. Mr. Biden thundered that his rival was a “convicted criminal” and a “business fraud,” and said that he had “raped” the writer E. Jean Carroll, whom Mr. Trump was found liable of sexually abusing by a civil court.

Persons: Biden, Donald J, “, Mr, Biden thundered, ”, Jean Carroll, Trump Organizations: Trump Locations: Michigan, Detroit

Reid J. Epstein covers campaigns and elections from Washington. Before joining The Times in 2019, he worked at The Wall Street Journal, Politico, Newsday and The Milwaukee Journal Sentinel. See more on: U.S.

Persons: Reid J, Epstein Organizations: The Times, Wall Street, Politico, Newsday, Milwaukee Journal Sentinel Locations: Washington

☆ Stop & Shop is closing 32 locations. Here’s where
▼ + stars: | 2024-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest inflation report. Ahold Delhaize, the chain’s Dutch parent company, revealed the locations Friday adding that they will close in early November. Stop & Shop said it “remains committed to serving its communities through other store locations, online shopping and home delivery services.” Employees impacted by the closures will be offered other opportunities in the company. In addition to operating Stop & Shop, Ahold Delhaize owns Food Lion and Giant grocery stores in the US.

Persons: ”, Gordon Reid, Ahold Delhaize, Albertson’s, “, Delhaize, Newton, Jackson, Johnston, Pittman Organizations: New, New York CNN, Aldi, Kroger, Federal Trade Commission, ” Employees, Food, Here’s, St, Stamford, Plymouth St, Needham St, Highway, Boston Turnpike, Cooley St, Paterson, Edison, Howell, Phillipsburg, Fulton, Sanford, West Haverstraw Rhode, Pittman St Locations: New York, Dutch, New Jersey, Massachusetts, Connecticut, Rhode Island, Ansonia, Danbury, Bridgeport, Milford, High, Torrington Massachusetts, North Montello St, Brockton, Plymouth, Halifax, Needham, St, Pembroke, Raynham, Shrewsbury, Cooley, Springfield, Lincoln St . Worcester New Jersey, Franklin Township, County, Piscataway, Richmond, Pleasant Beach, Ringwood New York, Brooklyn, Hempstead Turnpike, East, ., Hempstead, Mt, Vernon, West Haverstraw, Providence, Eastside

☆ 'Why would you tinker with it if it's not broken?': Economist on why the Fed may not cut rates in September
▼ + stars: | 2024-07-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason to hold off, according to economist Carl Weinberg. Money market pricing for a rate cut at the Fed's fall meeting rose from around 70% to more than 90% on Thursday, according to LSEG data, after a softer-than-expected consumer price index print. Fed Chair Jerome Powell had already bolstered expectations of such a move when he said earlier this week that there were risks in keeping interest rates too high for too long — comments interpreted as "modestly dovish" by analysts. However, there are also risks to easing monetary policy that cast a cloud over the rate cut outlook, Weinberg, chief economist at High Frequency Economics, told CNBC's "Squawk Box Europe" on Friday.

Persons: Jerome Powell, Carl Weinberg, Weinberg, CNBC's Organizations: US Federal Reserve, Banking, Housing, Urban Affairs Committee, Federal Reserve Locations: Washington , DC, U.S

When aides to President Biden heard in recent days that George Clooney, as close a figure as there is in Hollywood to royalty, planned to publicly break with Mr. Biden in an essay that cast doubt on his re-election chances, panic set in from Wilmington to Beverly Hills. Could Mr. Clooney be persuaded not to publish it? Mr. Katzenberg, who moonlights as a top Biden official and has worked with Mr. Clooney on philanthropy for decades, reached out to him to see if there was an off-ramp, according to three people familiar with the matter. There was not — Mr. Clooney published his essay in The New York Times, and the president’s relationship with Hollywood was torn asunder. The fallout from the Clooney essay has ricocheted across the worlds of politics and entertainment — and onto Mr. Katzenberg himself.

Persons: Biden, George Clooney, Clooney, Jeffrey Katzenberg, Katzenberg, ”, Billy Ray, “ Organizations: Biden, New York Times, Hollywood, Democratic Locations: Hollywood, Wilmington, Beverly Hills

☆ Britain's largest water utility placed under special measures as it grapples with $19.7 billion debt pile
▼ + stars: | 2024-07-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2, 2023. The chief executive of Britain's biggest water supplier stepped down with immediate effect on Tuesday. Regulator Ofwat said Thames Water would come under heightened scrutiny and must re-evaluate its plans to improve operational performance, delivery and financial resilience. Ofwat approved £16.9 billion ($21.8 billion) in spending for the company to invest in improving services for customers and the environment — a sum below the £19.8 billion that Thames Water had requested. In spring this year, shareholders rejected its bid for a £500 million equity injection, while its parent company Kemble defaulted.

Persons: Ofwat, Kemble Organizations: Engineers, LONDON, Thames Water, Home Counties Locations: London, England, Thames, Home

But leaning into the microphone and whispering to dramatize his defiance, Mr. Biden made clear that he did not foresee this happening. “No poll says that.”He seemed to open the door to an alternative, then swiftly shut it. Sure, “other people can beat Trump,” he said, but it would be too hard to “start from scratch.”The president’s first news conference since the debate amounted to a competent presentation, if not a compelling performance. But it remained in doubt whether it was enough to stop the bleeding of Democratic support that has threatened to hemorrhage. Minutes after he left the stage, the drip-drip-drip of Democratic members of Congress calling for him to step aside continued unabated.

Persons: Biden, ”, “ Organizations: Trump

☆ UK economy returns to growth in May, beating expectations as British pound hits four-month high
▼ + stars: | 2024-07-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. LONDON — The U.K. economy grew by 0.4% in May, flash figures published by the Office for National Statistics showed on Thursday, with the British pound jumping to a four-month high against the U.S. dollar after the announcement. The British economy exited a shallow recession in the first quarter of the year, then flatlined in April. Goldman Sachs last week upgraded its growth forecast for the U.K. following left-of-center Labour's thumping victory in the country's general election.

Persons: Sterling, Keir Starmer, Goldman Sachs, Ashley Webb, Price, BOE Organizations: Office, National Statistics, U.S, Gross, Labour Party, Capital, Bank of England's, Bank of England, European Central Bank Locations: London, United Kingdom, The City, British, U.K

☆ George Clooney, a Major Biden Fund-Raiser, Urges Him to Drop Out
▼ + stars: | 2024-07-10 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

George Clooney, the Hollywood actor and Democratic financial powerhouse who co-hosted a major fund-raiser for President Biden last month, wrote in a New York Times guest essay on Wednesday that Mr. Biden was too old to seek re-election and should end his campaign. “The one battle he cannot win is the fight against time,” Mr. Clooney wrote. “It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe ‘big F-ing deal’ Biden of 2010. He wasn’t even the Joe Biden of 2020. Mr. Biden later blamed jet lag from that trip for his lethargy in the days leading up to the first debate and his weak performance during it.

Persons: George Clooney, Biden, ” Mr, Clooney, “, Joe Biden, Joe ‘, ’ Biden, wasn’t Organizations: Hollywood, Democratic, New York Times, Mr Locations: Hollywood, Italy, California, Washington

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