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US President Donald Trump arrives for the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky speak during a meeting in New York on September 25, 2019. Hanno Pevkur, Estonia's defense minister, emphasized that NATO allies did not interfere in each other's domestic politics and democratic processes. So when, when the choice of American people is Donald Trump, then it's Donald Trump. Then all the countries in the world, including Estonia, including the NATO allies, have to talk with this administration who will be put in place."
Persons: Donald Trump, Christian Hartmann, Trump, Recep Tayyip Erdogan, Peter Nicholls, Jens Stoltenberg, Stoltenberg, Joe Biden's, , Volodymyr Zelensky, Saul Loeb, Donald Trump's, Keir Starmer, Starmer, we've, that's, Radosław Sikorski, CNBC's Steve Sedgwick, Hanno Pevkur, It's, France —, Balázs Orbán, Viktor Orbán Organizations: NATO, AFP, Getty, Republican, Ukraine, Eurasia Group, Trump, Ukrainian, Independent, CNBC, Hungary's Locations: Grove, Watford, London, Washington, Ukraine, China, North Korea, Iran, Britain, New York, Europe, Russia, Estonia, United States, Germany, Canada, France, Poland
Last month, I traveled to Timor-Leste, a country located in the South Pacific. It's also the 14th least-visited country in the world and the least-visited in Asia, according to a January report from CEOWorld magazine. Some 81,000 tourists visited Timor-Leste in 2023 — putting it just ahead of Chad and Sierra Leone, per the report. Marielle DescalsotaOnly a handful of airlines fly to Dili, the capital, where the only international airport in Timor-Leste is located. As I grew up in Singapore and can speak some Indonesian, when locals didn't speak English, that was my fallback language.
Persons: , I've, France —, It's, Fernando, Hilton, nasi goreng —, 9Milhas, Gloria, Jesus Christ —, Marielle Organizations: Service, Leste, South Pacific, Business, National Statistics Directorate Timor, YouTube, Google, Timor Plaza, Apartments, East Timor Centavo, US Department of State, Burger, Coffee, Cristo Locations: Maldives, France, Timor, South, Bahamas, Asia, Chad, Sierra Leone, Dili, Bali, Indonesia, Darwin, Australia, Dili's, sightsee, East Timor, Indonesian, Singapore, Marielle, Cristo Rei, It's, Angola
With Macron and Biden Vulnerable, So Is Europe
  + stars: | 2024-06-29 | by ( Roger Cohen | ) www.nytimes.com   time to read: +1 min
This month, President Biden, flanked by President Emmanuel Macron of France, stood on the Normandy bluffs to commemorate the young men who clambered ashore 80 years ago into a hail of Nazi gunfire because “they knew beyond any doubt there are things worth fighting and dying for.”Among those things, Mr. Biden said, were freedom, democracy, America and the world, “then, now and always.” It was a moving moment as Mr. Macron spoke of the “bond of blood” between France and America, but just a few weeks later, the ability of either leader to hold the line in defense of their values appears more fragile. The United States and France — pillars of the NATO alliance, of the defense of Ukraine’s freedom against Russia and of the postwar construction of a united Europe — face nationalist forces that could undo those international commitments and pitch the world into uncharted territory. A wobbly, wavering debate performance by Mr. Biden, in which he struggled to counter the dishonest bluster of former President Donald J. Trump, has spread panic among Democrats and raised doubts about whether he should even be on the ticket for the Nov. 5 election.
Persons: Biden, Emmanuel Macron, , Macron, Mr, Donald J, Trump Organizations: NATO, Russia Locations: France, Normandy, America, United States, Europe
How Gen-Z buyers are changing the bridal fashion business
  + stars: | 2024-06-21 | by ( Yola Mzizi | ) edition.cnn.com   time to read: +9 min
A bridal look from Collina Strada, presented at New York Fashion Week in September 2022. Aurora Rose/ShutterstockA bridal look from Sandy Liang, presented at New York Fashion Week in February 2023. Avalon/dpa/picture alliance/Sipa USAMillennial and Gen-Z brides-to-be like de Quesada are no longer shopping for just a wedding dress, but an entire wardrobe for pre- and post-wedding events. That breadth is propelling the global bridal wear market, which is projected to grow at a rate of 3.5 percent annually and is expected to reach $83.5 billion by 2030, according to the Global Bridal Wear Market Industry report. Efren Landaos/Sipa USAFor an emerging designer like Wiederhoeft, bridal is something of a safety net, serving as “a floating line of credit” for the rest of their business.
Persons: , Christyne de Quesada, ” de Quesada, , ShuShu Tong, Vera Wang, Gabriella Arango, Gucci, Collina Strada, Aurora Rose, Sandy Liang, de Quesada, it’s, , Caroline Crawford Patterson, Dua Lipa, Simon Porte Jacquemus, Marco Maestri, Arnold Jerocki, Crawford Patterson, Anthropologie, It’s, Jackson Wiederhoeft, Wiederhoeft, “ It’s, Efren, Millennials, Hillary Taymour, Taymour, JP Yim, Andrew Kwon's, Rodin, Andrew Kwon, Kwon, Brigitte Chartrand Organizations: The, Fashion, CNN, New York, Avalon, Cion Investment Corp, Abercrombie, Fitch, Census Bureau, Pew Research Center, Designers, ” Retailers, Ssense Locations: Venice, Italy, Mexico City, Miami, Shanghai, Florida, Dua, Charleval, France, New York, New, New York City, , Ssense
Representatives from the warring nations held peace talks in the early weeks of the Russian invasion. It was the only time that Ukrainian and Russian officials are known to have engaged in direct peace talks. This includes the Crimean Peninsula, which Mr. Putin annexed in 2014 in a swift operation that he considers central to his legacy. At another point, Russia’s lead negotiator, Mr. Medinsky, interrupted a video conference by claiming that Mr. Putin was phoning him directly. There were signs that Mr. Putin was micromanaging not only the Russian invasion but also the peace talks.
Persons: Vladimir V, Putin, , Putin’s, … ”, , Oleksandr Chalyi, Mr, Vladimir Medinsky, Oleksii Reznikov, Vladimir Putin, Leonid Slutsky, Medinsky, , Aleksandr Fomin, Reznikov, Ukraine’s, … “, Sergey Ponomarev, Ukraine —, Andrzej Duda, Duda, Putin “, Recep Tayyip Erdogan, Murat Cetin Muhurdar, Russia’s, Zelensky, , , , Daniel Berehulak, Davyd Arakhamia, ” “, Roman Abramovich, ” Mr, Arakhamia, Abramovich, micromanaging, Nanna Heitmann, France —, Laetitia Vancon, Kamala Harris, Volodymyr Zelensky, “ Putin, Marc Weller, Russia “, Weller Organizations: The New York Times, Ukraine, Kremlin, NATO, , Russian Federation, , European Union, West, Ministry, Times, Europe’s, Russian, Moscow, Donetsk People's, Nazi, U.S, Ukrainian, Turkish Presidential Press Service, Agence France, The Times, Russia, New York Times, stoke, Cambridge Locations: Ukraine, Russia, Moscow, Kyiv, Crimean, Switzerland, Ukrainian, Crimea, “ Ukraine, Republic of Crimea, Sevastopol, , … ” Russia, Russian, ” Russia, Istanbul, Geneva, Belarus, Western, Russia’s, Donetsk, Donetsk People's Republic, Luhansk People's Republic, Simferopol, Poland, Germany, France, European, Brussels, Turkish, Zelensky, , Great Britain, China, United States, Turkey, Canada, Italy, Israel, Bucha, Washington, Swiss, Russians
Mr. Biden and Mr. Zelensky will meet on Thursday and sign a security agreement, said Jake Sullivan, Mr. Biden’s national security adviser. Mr. Biden faces the hurdle of convincing his allies, starting with Mr. Zelensky, that the United States plans to stay in the fight with Ukraine, no matter what happens in November. Mr. Biden told Mr. Zelensky last week, in France, that “I apologize for the weeks of not knowing what was going to pass,” and put the onus on Republicans in Congress. During a trip to Normandy last week, Mr. Biden appeared to have persuaded France, one of the last holdouts, to support the deal. “The administration has been quick to get aid to Ukraine once Congress moved, and that’s to its credit,” he said.
Persons: Biden, Volodymyr Zelensky, Mr, Zelensky, Jake Sullivan, , ” Mr, Sullivan, we’ll, , Vladimir Putin, Pope Francis, Donald J, Trump, Rishi Sunak, Emmanuel Macron, Biden’s, Vladimir V, Putin, Claudia Greco, John E . Herbst, Evelyn Farkas, Barack Obama, Ms, Farkas, ” Alan Rappeport Organizations: Ukraine, U.S, Kremlin, Group, Air Force, , hobble, NATO, Mr, Reuters, European, World Bank, Eurasia Center, Atlantic Council, United, McCain Institute, Arizona State University Locations: Ukraine, United States, Italy, Israel, Russia, hobble Russia, Europe, France, Congress, Savelletri, Normandy, Belgium’s, U.S, Eurasia
The 93rd Mechanized Brigade has seen some of the heaviest fighting in the war, including the battles for Bakhmut, Kharkiv, and Adviivka. One newly arrived soldier, identified by call sign Val of the 93rd Mechanized Brigade, told the outlet he was assigned to the front line with a day's notice. AdvertisementAnother soldier from the 42nd Mechanized Brigade in Kharkiv told the outlet that "everything is learned on the spot." As for new recruits, Ukraine's training centers are barely equipped to provide soldiers with basic training, per the Post. AdvertisementThe UK hosts trainings for Ukrainian troops under its Operation Interflex program.
Persons: , Schmidt, Mechanized Brigade Kholodny Yar, ANATOLII STEPANOV, Val, France —, HENRY NICHOLLS Organizations: Service, Washington Post, Business, Kyiv, 93rd Mechanized Brigade, Bakhmut, Mechanized Brigade, Getty, 42nd Mechanized Brigade, Ukraine's Ministry of Defense, Ukraine, Atlantic Treaty Organization, Kremlin, NATO, for Locations: Ukraine, Kharkiv, Ukrainian, Bakhmut, Donetsk, AFP, Chasiv Yar, Kyiv, Baltic States, France, Russia, Washington
L'Oreal says it is working with start-ups and research institutions to bioprint skin that can actually "feel." PARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to "feel" like we do. At the Viva Technology conference in Paris last week, L'Oreal showed off demonstrations of "bioprinting," technology that can 3D print humanlike skin, in action. L'Oreal says it ceased testing its products on animals back in 1989, long before it was required by regulation. We're doing it internally but also working with external partners as well," Balooch told CNBC at the firm's booth at VivaTech.
Persons: Balooch Organizations: L'Oreal, Viva Technology, CNBC Locations: PARIS, France, Paris, VivaTech
PARIS, France — There will be no magical run, no age- and injury-defying push into the deep end of the competition. AdvertisementThe end officially arrived at 6:28, with a final miss off the Spaniard’s racket, forced by Alexander Zverev, who prevailed 6-3, 7-6, 6-3. A clump of two dozen that is used to getting choice seats clogged the entryway to the president’s box. Ultimately, that is what doomed him on a chilly and dreary afternoon and evening under the roof on Chatrier. He hit serves that became easy chances for Zverev to go on the defensive, and groundstrokes into the middle of the court that Zverev pounded for winners.
Persons: Rafael Nadal, Roland Garros, Alexander Zverev, Nadal, Philippe, Chatrier, , Emmanuel Dunand, He’d, hadn’t, Zverev, Brenda Patea, he’d, Mateo Villalba Organizations: Nadal, Getty Locations: PARIS, France, AFP, Paris, German, Berlin, Germany
Read previewWestern countries are lining up to call out China for its barrage of cheap exports that are flooding the world's markets. "We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field, in line with World Trade Organization (WTO) principles." China pushes back on criticism, industrial profits rose in AprilBeijing has consistently resisted the West's criticism that it is dumping cheap goods on the world market. Chinese authorities say the West's accusations are protectionist and aimed at containing China's economic growth. In April, profits at China's industrial companies rose 4% from a year ago, reversing a drop in March, according to official statistics released on Monday.
Persons: , Janet Yellen, Olaf Scholz, Bruno Le Maire, Yu Weining, Joe Biden, Biden, Josh Lipsky, Lipsky Organizations: Service, Business, EU, Bloomberg, World Trade Organization, China's Commerce Ministry, European Commission, International Monetary Fund Locations: China, France, Stresa, Italy, Beijing, United States
Fans streamed through the gates, packing Roland Garros, lining up for crepes and champagne and Aperol spritzes. If that latter court is his living room, then the grounds at Roland Garros are his estate. Ever since then, Zverev has wanted another shot at playing Nadal at Roland Garros — though not in the first round, more like a semifinal or a final. The idea of playing Nadal on this clay sends chills through the spines of so many players. In 2022, I remember he came into Roland Garros not winning Monte Carlo, not winning Madrid, not winning Rome.
Persons: France —, Roland Garros, spritzes, , Ostapenko —, squandering, Lucia Bronzetti, Novak Djokovic, Serena Williams ’, Rafael Nadal, Suzanne Lenglen, Nadal, Court Philippe, Chatrier, Uber, Alexander Zverev, Tim Clayton, Corbis, ” Nadal, He’d, Zverev, hadn’t, ” Zverev, Andrey Rublev, Misha, punking, , , , Rafa, Tsitsipas, Philippe, Roger Federer, it’s, “ I’m, Iga Swiatek, Rafa Nadal, he’s, “ There’s, Monte, Casper Ruud, Gao Jing, Felix Auger, Aliassime, Hubert Hurkacz, I’m, Clive Brunskill Organizations: France — Officially, — Alcaraz, Ostapenko, Roland, Getty, NBA, Nadal, Rafa, Monte Carlo, Madrid, TennisViz Locations: PARIS, France, Osaka, Court, Australia, Barcelona, Monte Carlo, Rome, Xinhua, tennis
PARIS, France — X CEO Linda Yaccarino on Friday hit out at Australia after a face off with online safety regulators. It comes after the Elon Musk-owned social media platform X last week won a reprieve in Australia as a court refused to extend a temporary order blocking videos of a Sydney church stabbing. In a talk onstage at the VivaTech conference in Paris, Yaccarino accused Australia of overreach over the dispute. "The good news is that the people prevailed," Yaccarino, the former global advertising chief at CNBC parent company NBCUniversal, said. "We're happy to be that beacon of light and that place for truth."
Persons: Linda Yaccarino, Elon, Yaccarino Organizations: Elon Musk, eSafety, CNBC Locations: PARIS, France, Australia, Sydney, Paris, overreach
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. PARIS, France — Tesla CEO Elon Musk said on Thursday that he doesn't support President Biden's recent announcement of a tariff on Chinese electric vehicles. "Neither Tesla nor I asked for these tariffs," Musk said during a question and answer session at the VivaTech conference Wednesday in Paris. "Tesla competes quite well in the market in China with no tariffs and no deferential support," Musk said Thursday. It's a change of tune for Musk, who suggested earlier this year that Chinese EV companies will crush competitors elsewhere in the absence of trade restrictions.
Persons: Elon Musk, Tesla, Biden's, Musk, Biden Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Revenue Locations: Beverly Hills , California, PARIS, France, Paris, China, Europe
It's worth noting that their comments come as the world's first major law governing AI, the EU's AI Act, was given the final greenlight. Meanwhile, European Commissioner Thierry Breton, a major architect of rules around Big Tech, is set to speak later in the week. Vogels, who is tasked with driving technology innovation within Amazon , said that AI can be used to "solve some of the world's hardest problems." Manyika said Google open-sourced its watermarking tech so that any developer can "build on it, improve on it." "I am concerned that there is potential for monopolies to emerge around Big Tech and AI," he said.
Persons: Rafael Henrique, Lightrocket, Werner Vogels, Society James Manyika, Thierry Breton, Vogels, Manyika, it's, Google's, Gemma AI, Emmanuel Macron, Eric Schmidt, Yann LeCun, Macron, Matt Calkins, Appian, Calkins Organizations: Getty, France —, Viva Tech, Amazon Chief, Google, Technology, Society, Regulators, Big Tech, European Union, Microsoft, Amazon, Meta, Elysee, CNBC Locations: PARIS, France, Paris, Jakarta, Indonesia, View , California, U.S
"We need much more European big players, and I think Mistral AI can be one of them," Macron said of France's leading AI company. Macron also praised H, the newly launched French AI startup that announced this week it had raised a massive $220 million from its initial round of financing. He compared allowing American tech giants to operate under U.S. regulations while in Europe, to allowing a French bank in the United States to ignore American banking regulations. When it comes to China, however, Macron implied that he thought some U.S. tech regulations had gone too far. "Look, I think China is a competitor when you speak about trade, innovation and economy.
Persons: Emmanuel Macron, Macron, CNBC's Andrew Ross Sorkin Organizations: France —, Microsoft, CNBC, European, EU Artificial Intelligence, European Union, Google, TikTok Locations: PARIS, France, France — Europe, China, United States, U.S, Paris, Mistral, Europe, Washington, Brussels
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. PARIS, France — French car giant Peugeot told CNBC this week that it's partnering with Vay, a German mobility startup, to integrate so-called "teledriving" tech — an alternative to autonomous cars — into its vehicles. The deal will see the two companies assess the use of Vay's teledriving tech on "last-mile delivery" vans and smaller logistics vehicles, with a focus on business-to-business (B2B) customers. The first pilot test drives of Vay's technology with Peugeot vehicles are expected to take place this year. Peugeot is looking to include the tech in its E-3008 electric SUVs and some electric vans.
Persons: Vay, Justin Spratt, Spratt Organizations: Peugeot, CNBC, Amazon Locations: Sochaux, France, PARIS
The French Don’t Snack. They Apéro.
  + stars: | 2024-05-17 | by ( Rebekah Peppler | ) www.nytimes.com   time to read: 1 min
Barring the afternoon snack of school children, it’s true: Snacking between meals isn’t really a thing in France. Unless, of course, you swap in the word snack for “apéro.” Pausing for a drink and small bite during apéritif hour is sacred across France — and easily translates to your own backyard. The word apéritif, derived from the Latin “aperire” or “to open,” refers both to a set of low alcohol-by-volume bottles (such as vermouth, sherry or Suze) as well as drinks. Meant to whet the appetite and always paired with a small, savory bite, l’apéro often takes place during the transition from day to evening, though a lunchtime apéro isn’t unheard-of.
Organizations: France — Locations: France
Microsoft said in a statement Monday that it's committing 4 billion euros ($4.3 billion) toward expanding its cloud and AI infrastructure in France, in addition to funding AI skilling and support for France's technology industry. The announcement was made during the "Choose France" summit, a gathering dedicated to encouraging foreign investment in France. Amazon, meanwhile, made a commitment of its own to invest 1.2 billion euros in France. Collectively, the commitments from Microsoft and Amazon to France amount to $5.6 billion of funding. In total, France reportedly bagged a record 15 billion euros of investment commitments from foreign companies at an annual "Choose France" summit on Monday.
Persons: it's, , Brad Smith, , , Frederic Duval, Duval, Emmanuel Macron, Macron, Redmond Organizations: Microsoft, Amazon, Facebook, FAIR, Mistral Locations: Athens, Greece, France, French, Mulhouse, Amazon's, Paris, Washington, Mistral
All-inclusive hotels are making a big play for luxury travelers. In the wake of the pandemic, demand for all-inclusive resorts skyrocketed, according to a report by JLL Research Hotels & Hospitality. It was then that travelers discovered that the all-inclusive resorts of the past — known for bottom-shelf booze and quantity-over-quality dining — had changed. The numbers are even higher in Mexico, where upper upscale and luxury all-inclusive resorts accounted for more than half (55%) of its all-inclusive resorts in 2022. "In addition to elements that you receive by booking an all-inclusive resort, private and additional amenities help to elevate that experience."
Persons: Travelers —, Karina Arguello, Kelly Connor, they're, Saint Vincent, Cooper Organizations: JLL Research, Hospitality, Travelers, Marriott, Hilton, Westin, Casino, Med, AAA Club Alliance, Royal Locations: Dominican Republic, Mexico, JLL, DoubleTree, Maldives, Mauritius, Italy, France, Tignes, Caribbean, New Jersey, Grenadines, Royal Curacao, They're
So I started bringing him with us to France as often as possible, which amounts to about half the calendar year. For example, so far this year we spent all of January in France, and will return in early May for the entire summer. AdvertisementOur daily routine is differentOur days in France always begin and end entirely differently than they do in the US. In France, we tend to stay somewhere close to the city center. Last summer, my son tried more types of pasta than I knew existed, a feat he was enormously proud of, especially as a vegetarian.
Persons: It's, we're, France —, it's, he's Locations: United States, France, Iceland, Panama, Cannes, Grasse, Paris, Nice, Europe, States
For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.
Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain
Read preview"I can't wait for my trip to France — I'm planning to visit all the tourist traps! Despite all the negative connotations around "tourist traps," most travelers to a new place can't help but visit the sites that attract a lot of tourists. AdvertisementThere's room for debate over what exactly counts as a tourist trap — can the historic and gorgeous Venice canals really be considered a tourist trap, even with the souvenir vendors and flocks of selfie-taking visitors? Although nearly all respondents acknowledged recently visiting a tourist trap, almost 70% said their visit to a tourist trap diminished their overall enjoyment of their trip. Avoiding so-called tourist traps, or at least spending less time at them, could also help curb the impacts of overtourism.
Persons: , Notre Dame —, they've, hadn't Organizations: Service, France —, Louvre, Notre Dame, Business, Winchester Mystery House, UFO Museum, Research Center Locations: France, Paris, Venice, Niagara Falls, Moulin Rouge, Iceland, San Francisco, San Jose , California, Roswell , New Mexico
If Wassily Kandinsky bent the visible world to the whims of his canvas, reducing concert hall scenes to puddles of color and line, Sonia Delaunay seems to have worked the other way around. A fashion and textile designer by trade, the Ukrainian-born Delaunay (1885-1979) filled the world with bold and delightful patterns — with the chevrons and dot grids and floral wiggles of the many scarves and dresses she created in France — then let her paintings reflect the results. Or at least that’s the impression given by the Bard Graduate Center’s “Sonia Delaunay: Living Art,” a playful but rigorous unearthing of 184 garments, artifacts and paintings — most on loan from France — spanning 60 years of Delaunay’s career.
Persons: Wassily Kandinsky, Sonia Delaunay, Delaunay, France —, Center’s “ Sonia Delaunay Organizations: Bard, France Locations: Ukrainian, France
Sage VanAlstine, 25, moved from a small US city to Paris after graduating from college in 2022. I studied abroad in France, then knew I wanted to move permanentlyI'm from Okemos, Michigan — it's a small town right outside the capitol, which is Lansing. Then I went to Michigan State University, which is in East Lansing, the town right next to Okemos. For me to be living in an apartment in a small town in Michigan and then pay a similar amount living in Paris — my dream city? AdvertisementBut Paris is a pretty international city, so things that I thought I might miss, I've actually found here.
Persons: Sage VanAlstine, She's, , I've, France —, VanAlstine, it'll, I'm Organizations: Service, Michigan State University, Paris, Eiffel Locations: Paris, America, Okemos , Michigan, Lansing, France, French, Okemos, East Lansing, Tours, Loire, , New York, Michigan, American
The Fed's first rate cut is still on track to come in June, Fundstrat's Tom Lee said. Yet investors are only pricing in a 57% chance of a rate cut by June, per the CME FedWatch tool. AdvertisementThe Fed is still poised to issue its first rate cut in June as the pace of inflation continues to slow, according to Fundstrat's head of research Tom Lee. All that points to a Fed that could be poised to cut rates sooner than markets are expecting, which is good news for stocks. Meanwhile, just 57% of investors are expecting the Fed to issue the first rate cut in June.
Persons: Fundstrat's Tom Lee, , Tom Lee, Lee, That's, Mohamed El Organizations: Service, Fed, University of Michigan's, France —, Traders Locations: France
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