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☆ January 6 rioters and judges digest the impact of Trump’s victory
▼ + stars: | 2024-11-10 | by ( Devan Cole | ) edition.cnn.com time to read: +5 min

Attorneys for some defendants also suggested Trump’s victory was unfair in light of the fact that rioters are still being prosecuted and sentenced. Talk of potential presidential pardons permeated at least one violent rioter’s sentencing Thursday, when Zachary Alam told a judge he had no remorse for his actions. I want a full pardon.”“Instead of pardons of innocence, some January 6ers should receive pardons of patriotism,” Alam added. US District Judge Dabney Friedrich, a Trump appointee, later said Alam was “delusional” to think that his actions on January 6 were patriotic. Alam was convicted on multiple felony and misdemeanor counts stemming from his participation in the Capitol attack.

Persons: Donald Trump, Trump, Jack Smith, Elizabeth Mullin, Jaimee Avery, Zachary Alam, ” Alam, Alam, ”, Dabney Friedrich, Ashli Babbitt, Friedrich, Nicholas Fuller, ” Michelle Peterson, Fuller, Peterson, “, ” Peterson, Colleen Kollar, Bill Clinton, “ Mr, Joe Biden, Christopher Cooper, Cooper, Obama Organizations: CNN, Capitol, Trump, Prosecutors, US, US Justice Department, DC Locations: Washington ,, Minnesota

☆ Americans’ economic mood is perking up ahead of the election, survey finds
▼ + stars: | 2024-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both the labor market and the broader US economy. The monthly survey’s Consumer Confidence Index jumped in October by the fastest clip since March 2021. In September, jitters over the job market’s health weighed on consumer confidence, but economic data after that showed that the job market remains solid. “Views on the current availability of jobs rebounded after several months of weakness, potentially reflecting better labor market data,” Peterson said. Data for September pointed to a robust job market, which translated into better consumer confidence.

Persons: “, ” Dana Peterson, jitters, ” Peterson, Kamala Harris, ”, Lael Brainard, Robert Frick, August’s Organizations: Washington CNN, Conference Board’s, White House, Navy Federal Credit Union

☆ As Mets show fatigue in NLCS, time could be ticking on their magical season
▼ + stars: | 2024-10-18 | by ( Will Sammon | ) www.nytimes.com time to read: +6 min

AdvertisementTime’s almost up on the New York Mets’ season. Worse than those numbers, because teams have mounted comebacks facing such deficits, the Mets look like they have run out of gas. “Sean (Manaea) said it the other day,” Mets manager Carlos Mendoza said when asked if his rotation had hit a proverbial wall. “We’ve gone through a lot this year,” Peterson said, “and it’s made us who we are at this point.”The Mets are hoping to keep alive an improbable season that’s included Grimace and OMG. And it hasn’t been just the Mets’ rotation that has seemingly run out of gas in this series.

Persons: Francisco Lindor, Sean, Manaea, Carlos Mendoza, “, Mendoza, ”, You’ve, That’s, there’d, Jose Quintana, Luke Hales, hasn’t, ” Mendoza, Luis Severino, Jack Flaherty, José Buttó, Buttó, It’s, David Peterson, Peterson, “ We’ve, ” Peterson, it’s, Grimace, Dustin Satloff, Lindor, Jose Iglesias, Francisco Alvarez haven’t, Brandon Nimmo, Frank Franklin II Organizations: Citi, what’s, New York Mets, Mets, National League, Los Angeles Dodgers, Dodgers, ” Mets, Athletic, Associated Press Locations: . New York, Quintana, Manaea, Los Angeles, Milwaukee

☆ Consumer confidence fell more than expected this month
▼ + stars: | 2024-09-24 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

The board’s Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021. By contrast, the index had a reading of 132.6 in February 2020, a month before the Covid pandemic hit. Each of the five components the organization samples fared worse on the month, with the biggest fall coming among those aged 35-54 and earning less than $50,000. “Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further. Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income,” said Dana Peterson, chief economist at The Conference Board.

Persons: Dow, ”, Dana Peterson, Stocks, ” Peterson Organizations: Conference Board, Treasury, Federal Reserve

☆ ‘Happy Gilmore’ is getting a sequel, Netflix announces
▼ + stars: | 2024-05-16 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —Almost 30 years since booming his last slapshot drive, golf’s angriest champion is stomping back to the tee box. A sequel to “Happy Gilmore” is in the works, Netflix announced in a post on X Wednesday, with Adam Sandler reprising his role as the comedy classic’s neurotic titular star. Standing in Gilmore’s way is arch-nemesis Shooter McGavin, played by Christopher McDonald, who in March teased that Sandler was working on a sequel script. “The funny thing is that there are so many non-golfers who would know what the ‘Happy Gilmore swing’ is or they’ve watched the film,” Ladies European Tour winner Amy Boulden told CNN’s Living Golf in 2021. They’ve watched the movie and then they’ll go to the driving range and just try to replicate that iconic golf swing.”

Persons: golf’s, Happy Gilmore ”, Adam Sandler, Sandler, Shooter McGavin, Christopher McDonald, “, ” McDonald, ”, Julie Bowen, Frances Bay, Kevin Nealon, Carl Weathers, McDonald, Bowen, Weathers, Chubbs ” Peterson, ” Sandler, … Carl, Amy Boulden, it’s, They’ve Organizations: CNN, Netflix, Universal, Everett, ”

California poultry farms are implementing strict biosecurity measures to curb the spread of the disease. So we’ve got to be as vigilant as possible to protect our birds,” said Bill Mattos, president of the California Poultry Federation. Climate change is increasing the risk of outbreaks as changing weather patterns disrupt the migratory patterns of wild birds, Pitesky said. For example, exceptional rainfall last year created new waterfowl habitat throughout California, including areas close to poultry farms. “I’m very concerned because this avian flu is transmitted by wild birds, and there’s no way I can stop the wild birds from coming through and leaving the disease behind,” Peterson said.

Persons: Mike Weber, “, ”, Weber, Annette Jones, we’ve, Bill Mattos, Maurice Pitesky, Pitesky, Rodrigo Gallardo, Gallardo, Ettamarie Peterson, I’m, ” Peterson, Weber’s, ” Weber, they’ve, “ We’re Organizations: —, Sunrise, California Poultry Federation, San Francisco Bay Area, U.S . Department of Agriculture, University of California, USDA . Industry, UC Davis Locations: PETALUMA, Calif, Sonoma County, San Francisco, Petaluma, California, Midwest, Merced County, Central California, San Francisco Bay, U.S, Turkey, Australia, Davis, North Coast, Central Valley

☆ The biggest risks US businesses face in 2024
▼ + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.

Persons: there’s, “, John Maynard Keynes, ”, ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan

Consumers grew somewhat more optimistic about the future of the economy in November as expectations about inflation improved, but their sense of the current state of affairs worsened a bit. Still, two-thirds of consumers surveyed still expect a recession to be “somewhat” or “very likely” within the next 12 months. However, that is well above current inflation of 3.2% and forecasts from the Federal Reserve and mainstream economists. In the peak hour from 10 p.m. to 11 p.m. EST, consumers spent $15.7 million a minute, according to online analytics firm Adobe. One thing that might make some consumers happy is that home prices continued to increase in September.

Persons: ”, Dana Peterson, ” Peterson, Jeffrey Roach, Craig J, Lazzara, Lisa Sturtevant Organizations: Conference, Federal Reserve, LPL, “, Adobe, MLS Locations: Detroit, San Diego

☆ US consumer confidence dropped for third consecutive month despite the booming economy
▼ + stars: | 2023-10-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

For the third month in a row, the Conference Board’s Consumer Confidence Index fell — dropping to 102.6 in October from an upwardly revised 104.3 in September. The decline in consumer confidence was not evident across all age groups and household income levels. People above the age of 55 exhibited the biggest monthly decline in consumer confidence. Meanwhile, consumers with a household income between $25,000 to $35,000 saw the biggest decline in confidence about the economy over the past month. In contrast, consumers with a household income between $100,000 to $125,000 saw the biggest jump in confidence over the past month.

Persons: ” Dana Peterson, “ Consumers, ”, Bill Adams, ” Peterson, Jeffrey Roach Organizations: New, New York CNN, Conference, Board, Conference Board, “, Big Three, United Auto Workers, Comerica Bank, LPL Financial, Federal Locations: New York, Israel

Consumers are growing more pessimistic about future prospects for the economy, according to the latest survey from the Conference Board released on Tuesday. “Consumer confidence fell again in September 2023, marking two consecutive months of decline,” said Dana Peterson, chief economist at the business organization. “September’s disappointing headline number reflected another decline in the expectations index, as the present situation index was little changed. “Write-in responses showed that consumers continued to be preoccupied with rising prices in general, and for groceries and gasoline in particular,” Peterson added. “Consumers also expressed concerns about the political situation and higher interest rates.

Persons: ”, Dana Peterson, “, ” Peterson, “ Consumers, Kelly Mangold, Lisa Sturtevant Organizations: Conference, “, Federal Reserve, Census Bureau, U.S . Department of Housing, Urban Development, Real Estate Consulting, MLS, American Financial Corporation

It’s usually an inexpensive, efficient way to transport crops, as a typical group of 15 barges lashed together carries as much cargo as about 1,000 trucks. A narrowed shipping lane also means barges from different companies must squeeze into limited space, forcing backups and delays. Months of dry and warm weather have hit the Midwest hard, damaging crops in much of the region west of the Mississippi River. In Kansas, 40% of the soybean crop was reported in poor or very poor condition, with the same conditions for 40% of the corn crop in Missouri. From his work site beside the Mississippi River in Red Wing, Minnesota, Jim Larson watches as the river rises and falls through the seasons.

Persons: Farmer Bruce Peterson, chuckled, ” Peterson, “, Louis, Paul, that’s, Nature, ”, Merritt Lane, Lane, Tom Heinold, ” Heinold, Heinold, Mike Steenhoek, Steenhoek, Jim Larson, Larson Organizations: DES, Canal Barge, New, Engineers, “, Soy Transportation Coalition, Red Locations: DES MOINES, Iowa, Mississippi, Gulf of Mexico, Minnesota, New Orleans, St, Minneapolis, Illinois, Ohio, Wisconsin, Davenport , Iowa, Savanna , Illinois, Rock, Missouri, In Kansas, U.S, United States, Red Wing , Minnesota

☆ They planned to get married outside their beloved home. And then the floods came
▼ + stars: | 2023-07-22 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +8 min

CNN —Spenser Peterson and his fiancée, Mallory Walling, loved their little blue home near Vermont’s Winooski River. “But the foreground in front of those, is just this disgusting water,” Peterson recalled. Mallory Walling and Spenser Peterson at their home in Waterbury, Vermont. “You could see big trees and things were being washed down from people’s homes were going down the river,” Peterson said. “Everything – yard, driveway, in the house and the garage – was all just covered in nasty river, river sludge and whatever else came down river,” he said.

Persons: CNN — Spenser Peterson, Mallory Walling, ” Peterson, “, Danny, It’s, we’re, ”, Spenser Peterson, Hurricane Irene, Peterson, Walling’s, Irene, Irene the, hasn’t, “ It’s, they’ve, it’s, “ I’ve Organizations: CNN, First Street Foundation, National Oceanic, Atmospheric Administration, Sunday Locations: Vermont’s, Waterbury, Vermont, Waterbury , Vermont, Coast, ”

CNN —A jury has acquitted on all counts the former school resource officer who stayed outside during the February 2018 massacre at Marjory Stoneman Douglas High School in Parkland, Florida – absolving him of wrongdoing in the rare trial of a law enforcement officer for his response to a mass shooting. His attorney argued the then-Broward Sheriff’s Office deputy didn’t enter the building under attack because he couldn’t tell where the shots were coming from. And even if Peterson had known where the shooter was, speculation he could have made a difference is false, Eiglarsh argued. Eiglarsh emphasized Peterson was at the scene for the last 4 minutes and 15 seconds of the shooting, which lasted about 6 1/2 minutes. Peterson also arrived at the scene without a bulletproof vest or rifle and called for measures to lock down the school, the attorney told jurors.

Persons: Marjory Stoneman, Scot Peterson, “ I’ve, ” Peterson, Peterson, didn’t, Scott Beigel, Meadow Pollack, Jaime Guttenberg, Cara Loughran, Joaquin Oliver, Peter Wang, Stacey Lippel, Anthony Borges, Kyle Laman, Marian Kabachenko, Peterson “, Kristen Gomes, Mark Eiglarsh, Amy Beth Bennett, AP Peterson, ” Eiglarsh, Eiglarsh, “, ” Organizations: CNN, Marjory Stoneman Douglas High School, Broward, Broward County Sheriff’s, Broward Sheriff’s, BSO, Parkland Locations: Parkland , Florida, Broward County, Coral Springs, Florida

☆ Americans are feeling far more confident about the economy
▼ + stars: | 2023-06-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

Minneapolis CNN —Americans are feeling fairly bullish about the United States’ economic prospects: A key measurement of consumer confidence just jumped to its highest level since January 2022. The Conference Board’s Consumer Confidence Index was 109.7 in June, rising from 102.5 the month before, according to a report released Tuesday. The latest survey from the business research and membership organization continued to show that consumers retained a far sunnier outlook about the present than what could come in the months ahead. Both the present situations index and the expectations index rose from May; however, the latter remains at a level that flashes a recession warning signal, the Conference Board noted. Still, consumers indicated their plans to purchase homes and cars have slowed, and they’re pulling back more on vacation plans, including travel domestically.

Persons: ” Dana Peterson, ” Peterson Organizations: Minneapolis CNN, Conference Board Locations: Minneapolis, United States

☆ Women are seeing historic labor market gains. AI could disrupt that
▼ + stars: | 2023-06-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

Minneapolis CNN —More prime working age women are employed in the United States now than ever before. The labor force participation rate for women between 25 and 54 years old set a record high in April and then again in May, rebounding from the pandemic “she-cession” and returning to its pre-pandemic form of making progressively historic labor market gains. Estimates that nearly eight out of 10 women workers could be affected “are just staggering,” said Julia Pollak, chief economist with online job marketplace ZipRecruiter. “Some of these things are becoming more prevalent, and that’s supportive of more women in the labor market,” she said. On the other hand, AI could prove harmful and threatening for any role that is highly “automatable,” Peterson said.

Persons: Goldman Sachs, University of North Carolina’s, ”, Julia Pollak, it’s, Mark McNeilly, Flagler, “ It’s, ‘ I’m, ’ ” McNeilly, “, Pollak, didn’t, Dana Peterson, that’s, ” Peterson, Ben Zweig, Jobs, Peterson, we’ve, Sara Mannheimer, Kathrin Ziegler, ” Meredith Nudo, you’re, Nudo Organizations: Minneapolis CNN —, University of North, University of North Carolina’s Kenan, Flagler Business School, Kenan, Flagler, UNC Kenan, CNN, of Labor Statistics, Conference Board, Baby Boomers, Labs, Montana State University, Institute of Museum and Library Services, Librarians, Digital, National Association of Voice Locations: Minneapolis, United States, Houston

☆ Companies are worried about a recession, but they’re hanging on to employees anyway
▼ + stars: | 2023-06-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —US companies wary about their economic prospects are battening down the hatches. Recent job market data shows more and more businesses have taken to “labor hoarding” and maintaining headcounts even as demand softens. Employees work at CannaCraft's March and Ash retail cannabis store in San Diego's Mission Valley neighborhood. Grey Duck’s sales picture will become clearer in the next three months, Bossen said. “We’re going to do whatever it takes to keep that staff employed and productive, even if things slow down,” he said.

Persons: ”, Dana Peterson, ” Peterson, it’s, Ash, Tiffany Devitt, CannaCraft, Ash CannaCraft, “, Devitt, Stephen Juneau, they’re, Matt Bigelow, Gusset Jean, Bigelow, ‘ Waddle, Rob Bossen, Grey, Eli Nord, Bossen, “ We’re, waddle Organizations: Minneapolis CNN, Conference Board, Conference, Business, CNN, Golden State, of Labor Statistics, Bank of America, Labor, Bureau of Labor Statistics, USA Brands, Gusset Jean Co, Vermont, Company Locations: Minneapolis, ”, headcount, California, Golden, Diego's, CannaCraft, Sonoma County, Juneau, Vermont, Johnson , Vermont, Roseville , Minnesota, China, Roseville

☆ Davos: No recession after all? Business leaders more hopeful as China reopens
▼ + stars: | 2023-01-17 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

Davos, Switzerland CNN —Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. Near term, China is in the grip of its worst coronavirus outbreak, keeping many people indoors and emptying shops and restaurants in recent weeks. “I’m expecting a solid growth number for China in 2023,” said Kevin Rudd, president of the Asia Society and a former prime minister of Australia. “Maybe we will be surprised also in the first half of the year.”Averting a global recession is not a done deal, however.

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