DIRS.INFO The most relevant business & tech news

☆ An icon of Detroit’s ruin is now a symbol of Motor City’s economic resurgence
▼ + stars: | 2024-06-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

CNN —For more than 35 years, Michigan Central Station has lain dormant, towering above Detroit’s Corktown neighborhood as a harsh and stoic reminder of the city’s economic pain. Now, Michigan Central Station, the neighboring old Book Depository and Butler himself are all symbols of hope for Detroit’s future and its ongoing economic resurgence. An aerial view of Michigan Central Station and the surrounding property, including the former Book Depository (left), under construction in 2020. Stephen McGee/Michigan Central Michigan Central Station's Grand Hall before and after the six-year renovation project funded by the Ford Motor Company. And with Michigan Central Station coming online, that’s only expected to grow.

Persons: Ronald Butler, “ We’ve, ” Butler, Timothy Fadek, ”, Henry Ford’s, Butler, James Haefner, Mary Culler, Ford, ‘, Kevin Johnson, Stephen McGee, ” Johnson, “, Johnson, Charles Dougherty, I’m, Geoff Robins, ’ ” Dan Austin, Eminen’s, Rebecca Cook, Bill Ford, CNN’s Poppy Harlow, Michigan Central Stephen McGee, tradespeople, Carlos Osorio, ” Austin, Josh Sirefman Organizations: CNN, Michigan Central, Detroit Fire Department, ”, Train Station, Motor, Detroit, Michigan Central Station, Storage Safety, Michigan, Ford Motor Company, Depository, Ford, Detroit Economic Growth Corporation, of Labor Statistics, Getty, Honda Accord, Reuters, Denver’s, Michigan Central Michigan Central Station's Locations: ” Michigan, Motor City, Michigan, Detroit, “, Wells Fargo, AFP, ”, ’ ” Dan Austin , Michigan, America, Indiana

☆ Dartmouth basketball’s union vote is just a small part of the campus organizing wave
▼ + stars: | 2024-03-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

The Dartmouth College men’s basketball team achieved a significant milestone last week when they became the first college athletes to vote to join a union. And similar to the 13-2 margin vote in favor of the union at the Dartmouth basketball team last week, the unions are winning these votes overwhelmingly. Organizing athletes still uphill battleThe vote last week by the Dartmouth basketball team rightly got a lot of attention as the first group of college athletes to vote to join a union. Dartmouth basketball players don’t get a scholarship, and the college has announced it will seek to overturn the union vote, arguing that they are not employees. Haskins and Myrthil said they hope the victory of the union vote at Dartmouth will spark union votes on many other teams, including the big dollar programs.

Persons: don’t, Christian Sweeney, “, ”, we’ve, Romeo Myrthil, Cade Haskins, Laura Oliverio, Nadine Formiga, Sian Beilock, CNN’s Poppy Harlow, Dartmouth “, ” Romeo Myrthil, CNN Haskins, Myrthil, they’re, ” Haskins, Haskins, who’s, ‘, ’ ”, Douglas Murphy, CNN “, Murphy, Ed Burns, Dartmouth, he’s, “ You’re, “ Will, ‘ We’ll, ” Burns, “ They’re, Jim Harbaugh, Harbaugh, you’ve, It’s, Robert F, Logan Mann, Mann Organizations: New, New York CNN, Dartmouth College men’s, AFL, Dartmouth men's, Dartmouth, Columbia University, CNN, National Labor Relations Board, California State University, CSU Employees Union, Student Workers, “, NLRB, Dartmouth men’s, Ivy League, Michigan, Alabama, NCAA, University of Michigan, Department, NFL, United Electrical, Machine Workers of America, Dartmouth College Locations: New York, New York City, Dartmouth, Sweden, America, Minneapolis, Columbia, . Michigan, Hanover, N.H

☆ Dartmouth basketball team votes to join the first college athletics union
▼ + stars: | 2024-03-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports. The team members voted 13-2 in favor of the union, according to the National Labor Relations Board, which oversees union representation votes for private employers. The affirmative vote does not automatically mean that there will be a union for members of the the team. Dartmouth has already indicated it will appeal the decision by the NLRB to recognize the players as employees who are eligible to join a union. They are among the best paid union members in the country.

Persons: Sian Beilock, CNN’s Poppy Harlow, Dartmouth “ Organizations: New, New York CNN, Dartmouth College men’s, National Labor Relations Board, Dartmouth, NLRB, Dartmouth men’s, Department of Education, National Collegiate Athletic Association, NCAA, National Basketball Association Locations: New York, America, American

☆ Another accident like Boeing’s door plug blowout could happen again, NTSB chair says
▼ + stars: | 2024-02-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Jennifer Homendy, chair of the National Transportation Safety Board, says that the problem that resulted in a door plug blowing out of a Boeing 737 Max 9 jet minutes into a January 5 flight could happen again. “There is no way that this plane should have been delivered with four safety critical bolts missing,” she said. “There’s a problem in the process.”Despite her harsh assessment of this incident, Homendy said she wouldn’t hesitate flying on a 737 Max 9 herself. “I think there is a quality control problem,” she said. “That’s exactly what we’re digging in on right now… to see where there are deficiencies to make sure this doesn’t reoccur.”

Persons: Jennifer Homendy, ”, CNN’s Poppy Harlow, “, Homendy, Max, Michael Whitaker, it’s, ” Homendy Organizations: New, New York CNN, National Transportation Safety, Boeing, Max, CNN, Alaska Airlines, Federal Aviation, FAA Locations: New York, Alaska

☆ E. Jean Carroll says courtroom was a ‘campaign stop’ for Trump
▼ + stars: | 2024-01-29 | by ( Karl De Vries | Kristina Sgueglia | ) edition.cnn.com time to read: +2 min

CNN —E. Jean Carroll, the former magazine columnist to whom a jury awarded $83.3 million in damages last week as part of a defamation trial against Donald Trump, said on CNN Monday that the court proceedings were little more than a “campaign stop” for the former president. “The courtroom was not a courtroom to him, it was a campaign stop. That was clear,” Carroll said on “CNN This Morning.”“He’s using me to win voters. Sexual assault. In a post on Truth Social Friday afternoon, Trump called the verdict “absolutely ridiculous” and vowed to appeal.

Persons: Jean Carroll, Donald Trump, ”, “, ” Carroll, Trump, CNN’s Poppy Harlow, Phil Mattingly, “ He’s, Carroll, “ We’re Organizations: CNN, Trump, Republican Locations: Manhattan, United States

☆ Kevin O’Connell: Meet the NFL head coach who preaches the importance of love
▼ + stars: | 2024-01-26 | by ( Poppy Harlow | Callum Sutherland | ) edition.cnn.com time to read: +5 min

CNN —While the NFL playoffs near their finale with this weekend’s conference championship games, one person who won’t be involved is Minnesota Vikings head coach Kevin O’Connell. KO: When you build things the right way and people trust you, they know you’re going to be the same guy every day. They know you’re going to hold them accountable… and it might be one of our captains pulling a younger player aside. KO: I think that’s the best way to empower this whole organization, to build leaders upon leaders and empower them. PH: Is it right to say that this is a team you’re trying to lead with love and empathy?

Persons: Kevin O’Connell, NFL –, Poppy Harlow, O’Connell, Tom Brady, What’s, …, Bill Belichick, Sean McVay, –, you’re, that’s, O'Connell, Jim Rogash, you’ve, ’, You’ve, Stacy Bengs, he’d, there’s Organizations: CNN, NFL, Minnesota Vikings, O’Connell’s Vikings, National Football League, Patriots, New England, Los Angeles Rams, FBI Locations: England, New

Washington CNN —The United Auto Workers union on Wednesday endorsed President Joe Biden, a long-awaited announcement that is an important pickup for the president. Biden won the endorsement of the UAW in the 2020 campaign, even though many rank-and-file members supported Trump. Ahead of endorsing Biden, UAW President Shawn Fain said the choice union workers face in 2024 “isn’t about who you like. … Donald Trump stands against everything we stand for as a union – as a society.”The choice between Trump and Biden, Fain said, was clear. Trump has found support among the rank-and-file of the UAW despite Fain’s strong criticisms and union leadership’s consistent support of Democratic candidates.

Persons: Joe Biden, “, ” Biden, Biden, Donald Trump’s, Shawn Fain, isn’t, It’s, “ Donald Trump, ” Fain, that’s, … Donald Trump, Fain, “ Joe Biden, Donald Trump, ”, ” Trump, I’ve, Trump, –, Biden –, ” Shawn Fain, Ting Shen, Dan Kildee, ” Kildee, CNN’s Poppy Harlow, Joe Biden’s, Kildee Organizations: Washington CNN, United Auto Workers, Republican, GOP, UAW, Trump, Democratic Party, Great, Bloomberg, Michigan Democrat, Democratic, CNN, GM Locations: Washington ,, New Hampshire, Michigan, America, Israel, Gaza, Great Lakes State, Detroit

☆ FAA keeps Boeing’s 737 Max 9 grounded as it reviews inspections and data
▼ + stars: | 2024-01-12 | by ( Pete Muntean | ) edition.cnn.com time to read: +6 min

CNN —The Federal Aviation Administration said on Friday that after reviewing Boeing’s instructions for inspecting grounded 737 Max 9 planes, it has decided to seek more information before allowing the plan to proceed. One hundred and seventy-one of the planes remain grounded in the United States as airlines Alaska and United await updated emergency inspection guidance from the FAA. The FAA said it plans to collect data from the inspection of 40 of the planes using Boeing’s procedures before deciding whether the process will work for the rest of the grounded planes. It’s unclear whether the 40 planes will come from the Alaska Airlines fleet or the United Airlines fleet – the two airlines that fly this model of aircraft – or both. The agency’s latest move comes as the FAA also plans to audit the Boeing 737 Max 9 production line and its suppliers, with a focus on ensuring quality control.

Persons: “, Mike Whitaker, ”, Whitaker, ” Whitaker, David Calhoun, “ We’re, ” Calhoun, Dave Calhoun, Calhoun, ” Jennifer Homendy, CNN’s Poppy Harlow Organizations: CNN, Federal Aviation Administration, FAA, Boeing, Max, Alaska Airlines, United, United Airlines, Wednesday, CNBC Locations: United States, Alaska, ”, Indonesia, Ethiopia

☆ 5 things to know about Boeing’s latest 737 Max crisis
▼ + stars: | 2024-01-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +10 min

Here is the latest on what to know as Boeing faces yet another 737 Max crisis. “We’ll make sure that we take steps to ensure that it never, never can happen.”The 737 Max 9 remains groundedOn Saturday, the Federal Aviation Administration ordered most Boeing 737 Max 9 aircraft to be temporarily grounded as regulators and Boeing investigate the cause of the incident. That has led to hundreds of cancelations, particularly from Alaska Airlines and United Airlines, which have dozens of the 737 Max 9 planes. United Airlines said it is canceling 167 Boeing 737 Max 9 flights today and expects significant cancellations on Thursday, too. Alaska Airlines also said Monday it found loose hardware on some of its 737 Max 9 planes during inspections.

Persons: Dave Calhoun, company’s ‘, “, Calhoun, ” Calhoun, Patrick Shanahan, “ We’re, ”, “ We’ll, Max, Jennifer Homendy, CNN’s Poppy Harlow, AeroSystems, Republican Sen, J.D, Vance, Joe Biden, John Lovell, David Calhoun, ” Homendy, “ I’ve, I’ve, What’s, Eric Weiss, it’s, —, Catherine Thorbecke, Chris Isidore, Greg Wallace, Pete Muntean Organizations: New, New York CNN, Alaska Airlines, Max, Boeing, CNBC, Alaska Airlines midflight, Spirit, Federal Aviation Administration, United Airlines, . United Airlines, National Transportation Safety, CNN, FAA, NTSB, Republican, Senate, National Transportation Safety Board, Alaska Airlines Flight, Reuters, Airbus, Transportation Safety Locations: New York, Portland , Oregon, ”, Ohio, Alaska, U.S, Indonesia, Ethiopia, Calhoun, Portland

☆ 1 of 3 Palestinian students shot in Vermont may never walk again after bullet hit his spine, his mother says
▼ + stars: | 2023-11-27 | by ( Elizabeth Wolfe | Melissa Alonso | ) edition.cnn.com time to read: +12 min

Awartani has an “incomplete spinal injury,” meaning he can feel his legs but can’t move them, Price told CNN’s Poppy Harlow from Amman, Jordan, Tuesday morning. Two of the men were also wearing traditional Palestinian scarves known as keffiyehs at the time of the attack, he said. One of the victims was released from the hospital Monday, a source close to the victims’ families told CNN. Federal prosecutors in Vermont are also investigating whether the shooting may have been a hate crime, officials said. After Eaton’s arraignment on Monday, his attorney, Margaret Jansch, said it was “premature to speculate” about a possible hate crime motivation.

Persons: Hisham Awartani, Elizabeth Price, Awartani, Price, CNN’s Poppy Harlow, ” Price, King Abdullah II, Jordan, Hisham, ”, He’s, he’s, Jason J, Eaton, Jon Murad, “, ” Awartani, Israel, ” Doumani, ” Murad, Miro Weinberger, Kinnan, Tahseen Ali Ahmad, Kinnan Abdalhamid, ” “ Kinnan, Awartani’s, Rich Price, ” Rich Price, ” Hisham Awartani, Ali Awartani, ” Elizabeth Price, Murad, Jason Eaton, Erin Burnett, Margaret Jansch, ” Robert Sand, Sand, CNN’s Ray Sanchez, Kaitlan Collins, Laura Coates, Rob Frehse, Polo Sandoval, Celina Tebor, Khalil Abdallah, Laura Dolan, Mark Morales Organizations: CNN, Brown University, West Bank, Authorities, Burlington Police, Palestinian Studies, Hamas, ”, Haverford College, Trinity College in, for Middle East, Institute for Middle, Jason Eaton Burlington Police Department, Federal, Vermont Law School Locations: Vermont, Burlington, Amman, Jordan, Palestine, United States, Israel, Pennsylvania, Trinity College in Connecticut, Ramallah, Eaton, Jason Eaton Burlington

☆ This CEO is changing the rules of American farming. Here’s why
▼ + stars: | 2023-11-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

At a time when social and environmental investments have been politicized, Ford and Land O’Lakes are staying the course. Courtesy Land O’Lakes, Inc.“We’re focusing on the things that are most important to our members, their families and to their businesses,” she told CNN. The EPA and the Hershey Company gave $2 million to Land O’Lakes member farms in Pennsylvania. Land O'Lakes CEO Beth Ford at the company's headquarters in Arden Hills, Minnesota, on July 29, 2021. In 2020, Land O’Lakes convened the American Connection Project coalition to advocate for public and private investment in high-speed internet infrastructure in rural communities.

Persons: “, Beth Ford, Ford, Evan Hillan, don’t, Truterra, ” Ford, ”, Ford’s, Carol, —, CNN’s Poppy Harlow, ‘ I’ve, ’ ” Ford, Harlow, Richard Tsong, I’ve, “ I’ve, O’Lakes, isn’t, Lucas Fuess, Kim Reynolds, Fuess, there’s, Kelly Garrett, ” Garrett, Garrett Organizations: Arden Hills , Minnesota CNN —, Fortune, Arden, Ford, CNN, Inc, US Environmental Protection Agency, EPA, Hershey Company, Pepsi, Mobil, Scholastic —, Star Tribune, Getty, American Connection, Biden, Republican, ”, Nature Locations: Arden Hills , Minnesota, Wisconsin, Truterra, Mill Hill , Pennsylvania, Pennsylvania, America, Ford, Sioux City , Iowa, Iowa, Iowa , Idaho , Kansas, Modale , Iowa, Inc, West, Arion , Iowa, American

As Israel’s assault on Gaza unfolds, global pressure is mounting for a pause in the fighting, including Monday at the United Nations. Instead, they describe occasionally difficult behind-the-scenes conversations about the importance of humanitarian aid and protecting civilian lives. “We have conversations, like friends do, on the hard questions … on issues associated with humanitarian aid,” US national security adviser Jake Sullivan said Sunday on CBS. Saudi Arabia has cautioned against a broad-scale Israeli invasion of Gaza, in part due to the potential of a spiraling regional war. The blackout – which left civilians, aid groups and journalists without any means of communicating with the outside world – came amid heavy Israeli bombardment of the enclave.

Persons: Washington CNN —, Joe Biden’s, Benjamin Netanyahu, “, Jake Sullivan, Sullivan, Khalid bin Salman, Israel, United States Michael Herzog, ” Herzog, CNN’s Wolf Blitzer, Herzog, John Kirby, CNN’s Poppy Harlow, Harlow, Kirby, ”, Ibraheem Abu Mustafa, –, ” Sullivan, Biden, ” Kirby, Vladimir Putin Organizations: Washington CNN, CNN, United Nations, Israel, CBS, Saudi Arabia’s Defense, White, National Security, Reuters CNN, US, Service, MSNBC, Hamas Locations: Israel, Gaza, ”, United States, Iran, Washington, Saudi Arabia, Egypt, Rafah, Ukraine

☆ Kim Kardashian is making Skims for men
▼ + stars: | 2023-10-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Skims, the underwear and apparel brand founded by Kim Kardashian, is hoping to attract new customers: men. The four-year-old shapewear brand is expanding beyond female clothing and into men’s products, with a new lineup launching Thursday that includes briefs, undershirts, boxers and leggings. Skims also said that men already account for more than 10% of its existing customer base. Skims’ successSkims has been a major success story for Kardashian with the privately held company recently valued at a whopping $4 billion. Jens Grede, Skims’ CEO, recently told Dealbook that stock investors have shown an increased interest in consumer-oriented businesses like Skims, and that an IPO is something the company wants.

Persons: New York CNN — Skims, Kim Kardashian, undershirts, San Francisco 49ers Nick Bosa, SKIMS, Skims, ”, Kardashian, Nick Bosa, Neymar Jr, Shai Gilgeous, Alexander, Andy Muir, Jens Grede, Grede, “ Skims, ” Kardashian, CNN’s Poppy Harlow, Harlow, “ Organizations: New, New York CNN, San Francisco 49ers, CNN, NBA, Wellington Management, Nike, Wall, SKYY Partners Locations: New York, shapewear

☆ Biden speaks with families of Americans unaccounted for in Israel
▼ + stars: | 2023-10-13 | by ( Betsy Klein | ) edition.cnn.com time to read: +7 min

Washington CNN —President Joe Biden on Friday spoke with the families of the Americans who remain unaccounted for in Israel after promising to speak with family members of those who are held hostage by Hamas. The family members joined Biden from both Israel and the US for the video call, a source familiar with the conversation told CNN. It made for a large gathering, as multiple family members joined from different locations in some cases. We are confident that we are in good hands,” she said on “The Situation Room.”Cohen noted that she has many other family members unaccounted for. The US is in “direct communication” with Israeli counterparts and the families, Kirby told CNN’s Poppy Harlow on Friday morning.

Persons: Joe Biden, Biden, “, ”, John Kirby, Biden “, Roger Carstens, Kirby, ” Kirby, Saray Cohen, CNN’s Wolf Blitzer, ” Cohen, CBS ’ Scott Pelley, ” Biden, White, CNN’s Poppy Harlow, Antony Blinken Organizations: Washington CNN, National Security, Biden, CNN, CBS, FBI, Pentagon Locations: Israel, Philadelphia, United States, America, Gaza, Qatar, Afghanistan, Iraq

☆ As China’s economy hits turbulence, a top Treasury official heads to Hong Kong to deepen ties with Beijing
▼ + stars: | 2023-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —A top US Treasury official is heading to Hong Kong as the White House continues its quest to ease tensions with Beijing and avoid a destabilizing crisis. During the trip, Neiman — the highest-ranking Treasury official to visit Hong Kong since 2019 — plans to meet with government officials, private sector economists and executives from the financial and legal sectors. He is also set to meet with US companies that are members of the American Chamber of Commerce in Hong Kong as well as with students. “Neiman will stress the United States’ focus on securing and advancing our economic and national security interests, along with those of our allies, and protecting human rights,” the Treasury official told CNN. Hong Kong is a semi-autonomous Chinese territory that is also the country’s international financial center.

Persons: Brent Neiman, Neiman, ”, “ Neiman, Ilaria Mazzocco, Joe Biden, Antony Blinken, John Kerry, Janet Yellen, Gina Raimondo, Yellen’s, Biden, Raimondo’s, can’t, Mazzocco, Yellen, Raimondo, “, ’, ” Clayton Allen, ” Allen, ” Nikki Haley, Nikki Haley, CNN’s Jake Tapper, Wally Adeyemo, it’s, ” Adeyemo, CNN’s Poppy Harlow, Andrew King Organizations: New, New York CNN, US Treasury, US, Treasury, CNN, American Chamber of Commerce, Center for Strategic & International Studies, Washington, Apple, Huawei, Eurasia Group, Republican, Future Union Locations: New York, Hong Kong, Beijing, China, States, Washington, West, United States, “ China

☆ Michael Luttig: 'There is no Republican Party'
▼ + stars: | 2023-08-09 | by ( Shawna Mizelle | ) edition.cnn.com time to read: +3 min

Washington CNN —J. Michael Luttig, a conservative retired federal judge and key adviser to former Vice President Mike Pence, declared on Wednesday that “there is no Republican Party” and said former President Donald Trump is even more dangerous than he was in the aftermath of the 2020 election. Today, there is no such shared set of beliefs and values and principles or even policy views as within the Republican Party for America,” he said on Wednesday. Luttig also sought to shoot down possible legal defenses that Trump could mount to address the federal charges to which he has pleaded not guilty. Trump ally and attorney John Eastman, who drafted the point-by-point memo claiming Pence could stop the certification on January 6, was also a clerk for Luttig. Pence relied on Luttig’s guidance when he decided to defy Trump and certify the results of the election on January 6.

Persons: Washington CNN — J, Michael Luttig, Mike Pence, Republican Party ”, Donald Trump, ” Luttig, Pence, CNN’s Poppy Harlow, ”, Luttig, Trump, Jack Smith, Harlow, he’d, John Eastman Organizations: Washington CNN, Republican Party, Democratic Party, CNN, GOP, Trump, Republican Party for America Locations: United States of America

☆ Melinda Gates wants more women in the AI race
▼ + stars: | 2023-06-29 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

New York CNN —As Silicon Valley and beyond is gripped by the fervor of artificial intelligence, Melinda French Gates is raising the alarm that more women must be involved in developing these tech tools. AI models have long taken heat for their ability to perpetuate biases, especially around women and people of color. The new crop of generative AI tools like OpenAI’s ChatGPT and Dall-E are trained on vast troves of online data – data that often carries the same biases as humans. In her interview with Harlow, Gates also revealed that she never endorses specific candidates because she votes for both sides of the aisle. “Too often we have decisions being made for women, not by women,” Gates said.

Persons: Melinda French Gates, “, ” Gates, CNN’s Poppy Harlow, Poppy Harlow, Melinda Gates, ”, Ed, Roe, Wade, Gates, Ruth Bader Ginsburg, we’re Organizations: New, New York CNN, CNN, Republican, Democratic Locations: New York, “, United States, Harlow

☆ American companies are draining their cash at the dumbest possible time
▼ + stars: | 2023-06-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Companies are sitting on a lot less cash than they were last year, largely because they’re spending it on share buybacks and corporate dividends. What’s happening: A new report from Moody’s Investors Service finds that nonfinancial companies’ corporate cash declined 12% last year to $2 trillion. But debt was flat year over year, meaning that companies didn’t use much of their cash reserves to pay down outstanding loans. Now that it’s more expensive to borrow, companies in the US should reconsider the amount of money they’re spending on buybacks, he added. Preventing companies from repurchasing their own shares, they argue, would free corporate cash to invest in growth and raise wages instead.

Persons: Emile El Nems, ”, Ben Lofthouse, Janus Henderson, ” El Nems, Joe Biden, buybacks, “, Brian Moynihan, Moynihan, CNN’s Poppy Harlow, Nathaniel Meyersohn, That’s Organizations: CNN Business, Bell, New York CNN — Companies, Moody’s Investors Service, Moody’s, Federal Reserve, Bank of America, Corporations, ”, CNN, Commerce Department, UBS Locations: New York, buybacks

☆ Inflation hurts. But White House economists find that it’s even worse in every other G7 nation
▼ + stars: | 2023-06-27 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN Business —The United States is recovering faster than its peers from the historic bout of inflation squeezing families and souring the mood of the nation, according to a new analysis from White House economists. To address that, the White House economists built an apples-to-apples inflation metric that makes certain adjustments to how shelter costs factor into overall inflation. But we are very heartened and happy to see the trend going where it is,” a CEA official told CNN in a phone interview. And here’s the thing about inflation: It is undeniably down in the United States.”Two independent economists that CNN shared the CEA report with support the logic powering the analysis. That is absolutely a painful thing,” the CEA official said.

Persons: Joe Biden’s, “, “ I’m, Mark Zandi, Republican John McCain, Zandi, Joe Brusuelas, ” Brusuelas, Joe Biden, Ronald Reagan, Biden, Brian Moynihan, CNN’s Poppy Harlow, George W, Bush, Piper Sandler, Trump, ” Piper Sandler Organizations: New York CNN Business —, White House, of Economic Advisers, CNN, CEA, White, Republican, RSM, Federal Reserve, Bank of America, Federal, Gallup Locations: United States, Ukraine, Canada, France, Germany, Italy, Japan, United Kingdom, America, Europe, Wall, Middle America

☆ Bank of America CEO: Inflation could hit Fed’s 2% target by 2025
▼ + stars: | 2023-06-27 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday. Already, consumers are cutting back on spending to a level that is consistent with 2% inflation, Moynihan said, citing Bank of America customer data. The mild recession, Moynihan said, would likely come “the first part of next year” and not the latter part of this year, which he previously predicted. He also said he believes the unemployment rate likely won’t exceed 5%. Last month’s jobs report showed the unemployment rate rose to 3.7%, despite impressive job gains.

Persons: Brian Moynihan, “, ” Moynihan, CNN’s Poppy Harlow, Moynihan Organizations: New, New York CNN, Bank of America, CNN Locations: New York, that’s

☆ Opinion: What Oppenheimer’s reading list can teach us
▼ + stars: | 2023-06-04 | by ( Jane Carr | Opinion Jane Greenway Carr | ) edition.cnn.com time to read: +15 min

Oppenheimer’s list of books included works by Plato, mathematician Bernhard Riemann and scientist Michael Faraday, and the “Bhagavad-Gita,” with which he has famously long been associated. What happens when the inner workings and potential reach of scientific inventions are unknown, even to the human beings who create them? Still, Pride is also a time to revel in culture’s power to transform, sustain and bring joy to LGBTQ communities. But Medvedev knows that above all else he needs Putin to think of him as unequivocally loyal and useful. What it will do is help 40 million borrowers who, like me, were drowning in debt and need immediate relief.

Persons: Robert Oppenheimer, ” Oppenheimer, Plato, Bernhard Riemann, Michael Faraday, William Shakespeare’s “, ” Charles Baudelaire’s “, Fleurs, Mal ”, Eliot’s, Oppenheimer, ” Matthew Zapruder, ”, William Carlos Williams, Nick Anderson, ChatGPT, Stuart Russell, Jessica Chia, Bethany Cianciolo, Russell, isn’t, ” Russell, “, Clay Jones, Joe Biden, John Avlon, Kevin McCarthy, McCarthy, Joel Pett, Poppy Harlow, James Comey, Donald Trump, Republicans ’, MAGA, Julian Zelizer, Zelizer, Trump, Kayleigh McEnany, Rob Finnerty, Matt Wolking, Cupp, McEnany, that’s, Kayleigh, Pride Luciano, Sereno, Luciano Vecchio, It’s, ” Vecchio, “ Sereno, Dmitry Medvedev, Vladimir Putin, Russia’s, Frida Ghitis, Medvedev, Putin, ” Medvedev “, Michael Bociurkiw, Biden, Sophia A, Nelson ., Nelson, it’s, …, Brandon Bell, Jill Filipovic —, —, Filipovic, we’ve, ” Don’t, Keith Magee, Kara Alaimo, James Moore, Texas GOP Tess Taylor, Lala Tanmoy Das, Alex Soros, Scottie Pippen can’t, Jordan, Scottie Pippen, Nathaniel S, Butler, NBAE, Michael Jordan, ” Pippen, Charles Barkley, Phil Jackson —, Will Leitch, ” Leitch, Pippen, Leitch, There’s Organizations: CNN, Manhattan, American, Committee, Tribune, Agency, Biden, Republicans, Trump, GOP, Luciano Vecchio Pride, United, AFP, Russia’s Security, Republican, Texas GOP, Philadelphia 76ers, Getty, NBA Locations: Berkeley, Iowa, revel, it’s, Argentina, United Russia, United Kingdom, Russia, Houston City, America, European, Texas

☆ Jamie Dimon denies knowledge of JPMorgan concerns over Epstein in lawsuit deposition
▼ + stars: | 2023-06-01 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +6 min

Dimon made the remarks in a deposition for lawsuits against the bank related to its alleged role in Epstein’s sex trafficking crimes. Dimon testified that he had never personally met or spoken over the phone with Epstein. Dimon testified that the bank’s general counsel would have had the final say to cut ties with a client like Epstein. According to Dimon, Staley and Erdoes could not have overridden the general counsel. “What has become clear is that Epstein could not have run his sex trafficking operation without the valuable assistance of JPMorgan, Chase.

Persons: Jamie Dimon, Jeffrey Epstein’s, Dimon, Epstein, James “ Jes ” Staley, wasn’t, JPMorgan Chase, Staley, who’s, ”, Jeffrey Epstein, JPMorgan’s, Steve Cutler, ” Dimon, Cutler, Jes Staley, Mary Erdoes, Erdoes, “ Mr, Brad Edwards, ” Edwards, I’m, “, CNN’s Poppy Harlow Organizations: New, New York CNN, JPMorgan, CNN, Virgin Islands, Chase, Firm Locations: New York, Virgin, Florida

☆ JPMorgan Chase CEO Jamie Dimon hints at future in politics
▼ + stars: | 2023-05-31 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Dimon has built a banking empire at JPMorgan Chase and his advice is sought by presidents, prime ministers and central bankers. Now that he’s conquered the business world, Dimon is signaling an openness to at least explore an eventual second act in politics. “I love what I do,” Dimon told Bloomberg, adding he’s “quite happy” in his current job. Since becoming CEO in 2005, Dimon has vaulted to the top of the business world. Dimon steered JPMorgan through the 2008 financial crisis, the Covid-19 pandemic and now the banking crisis.

Persons: Jamie Dimon, Dimon, he’s, “, ” Dimon, Sen, Elizabeth Warren, he’d, ”, Donald Trump, CNN’s Poppy Harlow, that’s, “ I’m, we’re Organizations: New, New York CNN, JPMorgan Chase, Bloomberg Television, JPMorgan, Bloomberg, Wall, Trump, Democrat, Republican, CNBC, Democratic, CNN’s, Republicans, Global China Summit Locations: New York, America, Shanghai, China

☆ Debt ceiling crisis: How a US default would ricochet around the world
▼ + stars: | 2023-05-26 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

But if it does, it could make the 2008 global financial crisis feel like a walk in the park. The consequences are frightful.”The belief that America’s government will pay its creditors on time underpins the smooth functioning of the global financial system. During the 2011 standoff over raising the US debt ceiling, the S&P 500 index of leading US shares plunged more than 15%. “It’s unclear in a Treasury default crisis whether the Fed could do enough even with the types of efforts it deployed in March 2020,” Obstfeld said. “A default would be a message to investors all around the world of eroding confidence in America,” he added.

☆ E. Jean Carroll says verdict in Trump abuse case is a victory for all victims of sexual assault
▼ + stars: | 2023-05-10 | by ( Shawna Mizelle | ) edition.cnn.com time to read: +2 min

Washington CNN —E. Jean Carroll said Wednesday that a Manhattan federal jury’s finding that Donald Trump sexually abused her in the spring of 1996 – awarding her $5 million for battery and defamation – is a victory for all women who are victims of sexual assault. “The old view of the perfect victim was a woman who always screamed. Now this verdict is for all women.”Asked by Harlow what she was thinking when the jury did not find that Carroll proved Trump raped her, Carroll said, “Well, I just immediately (said) in my own head, ‘Oh, yes, he did. Oh yes, he did.’” When she shook hands with Trump lawyer Joe Tacopina, she said to him, “he did it. Trump has denied all wrongdoing and does not face any jail time as a result of the civil verdict.

Search resuls for: "CNN’s Poppy Harlow"

25 mentions found