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☆ Menendez brothers: Los Angeles County district attorney election result adds pall of uncertainty over possible release of Lyle and Erik Menendez
▼ + stars: | 2024-11-07 | by ( Ramon Sanchez | Matthew J. Friedman | Ray Sanchez | ) edition.cnn.com time to read: +7 min

“Before I can make any decision about the Menendez brothers’ case, I will need to become thoroughly familiar with the relevant facts, the evidence and the law,” Hochman said in a statement. “I think that you’re not going to see Hochman having a press conference about the Menendez case. Gavin Newson supporting the brothers in a bid for clemency, which could free the brothers immediately – possibly before Hochman’s term as district attorney begins. Gruber said Hochman could ask for the December 11 hearing to be moved to a later date and divert attention to his new term away from the Menendez case. Netflix also released a documentary on the Menendez case, featuring both men discussing what led to the killings.

Persons: George Gascón, Erik, Lyle Menendez resentenced, Nathan Hochman, Gascón, Hochman, Menendez, ’, ” Hochman, “, Aya Gruber, ‘, ”, “ It’s, ” Laurie Levenson, ” Levenson, you’re, Gavin Newson, Gruber, resentence Erik, Lyle Menendez, Kitty Menendez, ” Gascón, Jose, Lyle, Erik Menendez, Ryan Murphy, Ian Brennan, Joey Jackson Organizations: CNN, Los Angeles, USC Gould School of, DA, Loyola Marymount University, California Gov, Netflix Locations: Los, Los Angeles County, America’s, Los Angeles, California, Beverly

Ashley Brundage is one of two out transgender candidates running for a seat in the Florida House of Representatives. NBC News spoke with seven transgender candidates who are running for seats in state legislatures nationwide about what they hope to accomplish if they are elected. Courtesy Lisa Middleton CampaignA steady riseAt least 18 out trans candidates are running for seats in state legislatures this election cycle, according to the LGBTQ Victory Fund, a super PAC focused on electing LGBTQ candidates. They are running against a national political backdrop in which trans people have come to play an outsized role. Trans candidates’ presence on ballots has only continued to rise since 2017, when Virginia’s Danica Roem became the first out trans person elected to a state legislature.

Persons: Ashley Brundage, Ron DeSantis, Brundage, DeSantis, she’d, DeSantis —, —, ” Brundage, ”, Lisa Middleton, Donald Trump, Gabriele Magni, ” Trump, Magni, there’s, Virginia’s Danica Roem, hasn’t, Sarah McBride, Sean Meloy, McBride, Nathan Bruemmer, Middleton, it’s, “, Kim Coco Iwamoto, Lorna Woo, Veronica Pejril, Pejril, Wick Thomas, ” Thomas, Transphobia, ‘, ” Iwamoto, Thomas, they’ve, Babe Pejril, It’s, ” Pejril Organizations: Republican, NBC, Democratic, City Council, Victory Fund, Pew Research, Loyola Marymount University, LGBTQ Victory Institute, Delaware Senate, Democrat, Florida Legislature, Florida Department of Agriculture, Consumer Services, Indiana Senate, Missouri, NBC News, Gun Safety Locations: Florida, California, Palm Springs, Calif, Los Angeles, Delaware, Tampa, Hawaii, Indiana, Greencastle, Council

For the first time, the Democratic National Committee will invest in an advertising campaign dedicated entirely to LGBTQ publications in large metropolitan areas and several key battleground states. The DNC will roll out the ad campaign, worth at least $100,000, on Friday morning in 16 publications across eight states, and it is estimated to reach more than 1 million voters in the first week. The DNC is rolling out an ad campaign on Friday in 16 LGBTQ publications across eight states. The DNC worked on the ads with Rivendell, the oldest LGBTQ marketing and media company in the country. Magni said LGBTQ voters have historically been taken for granted by the Democratic Party because the majority of them vote Democratic, often because Republicans have supported anti-LGBTQ policies and voters feel like they don’t have another option.

Persons: ” Jaime Harrison, ” Harrison, Harris, Walz, Trump, Pattie Gonia, —, Kamala Harris ’, “ Kamala, Bob Witeck, Howard Dean, Witeck, “, Dean, ”, ” Witeck, Gabriele Magni, Magni, ” Magni, they’re Organizations: Democratic National, Washington Blade, Metro, D.C, Las Vegas, Georgia, Dallas Voice, Philadelphia Gay, Magazine, SWERV, Atlanta’s, Philadelphia Gay News, DNC, Iwillvote.com, Human Rights, Trump, NFL, “, Witeck Communications, Vermont Gov, Democrat, Republican, Loyola Marymount University, Research Initiative, Gallup, Democratic Party, Democratic, Republican Party Locations: Washington, South Florida, Qnotes, Charlotte , North Carolina, Iowa, New Orleans, ION Arizona, Pennsylvania, Vermont, U.S, Los Angeles

☆ Kamala Harris wants voters to know she owns a Glock. Talking about guns on the campaign trail is no accident, experts say.
▼ + stars: | 2024-10-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Kamala Harris just told voters what kind of gun she owns. AdvertisementVice President Kamala Harris wants voters to know she's a responsible Glock owner. Although she owns a gun, Harris has been a proponent of safer firearms usage and stricter gun ownership laws. AdvertisementBut gun talk could help move the needle for Harris, especially with undecided voters, Doidge said. Other experts said that leaning into being a gun owner may be a savvy move from Harris' campaign, especially for swing-state voters.

Persons: Kamala Harris, Harris, —, Bill Whitaker, I've, Whitaker, Glock, Oprah Winfrey, Joe Biden, Tim Walz, Trump, Kristin Doidge, Doidge, Georgia Kernell, Jonathan Aronson, Aronson, Guns, Elon Musk, Harris didn't Organizations: Service, Glock, CBS, Pew Research Center, White, NYPD, Loyola Marymount University, UCLA, USC, Trump, Republican National Committee, Business Locations: Austrian, United States, Minnesota, South Carolina, New York, California, Georgia, Trump

☆ Good news: The ‘hard landing’ forecasters got it wrong
▼ + stars: | 2024-10-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But as we wind down 2024, one thing appears clear: The naysayers on Team Hard Landing got it wrong. The “soft landing” versus “hard landing” metaphor — perhaps overused but visually handy — refers to the economy as an airplane and the Fed as the pilot. Pull the right levers at the right time, and you get a nice comfortable soft landing, with inflation cooling and the labor market thriving. He was far from alone in thinking that a soft landing was little more than a fantasy. “We should just drop the soft landing versus hard landing discourse and start talking about a robust expansion at mid-cycle,” Joe Brusuelas, chief economist at RSM, told Schwab Network in an interview.

Persons: CNN Business ’, everyone’s, ”, Sung Won Sohn, we’d, ” Aaron, “, there’s, Justin Wolfers, Bill Dudley, “ I’ve, Dudley, Larry Summers, they’re, Joe Brusuelas Organizations: CNN Business, New York CNN, Loyola Marymount University, Fed, . Upjohn Institute, Employment Research, ICYMI, Bureau of Labor Statistics —, Federal Reserve Bank of New, Bloomberg, RSM, Schwab Network Locations: New York, Federal Reserve Bank of New York

☆ 64% of Chinese Americans think tense U.S.-China relations affects how others treat them
▼ + stars: | 2024-09-25 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

For the study, released jointly by Chinese American civic engagement nonprofit Committee of 100 and NORC at the University of Chicago, researchers sampled 504 Chinese Americans in March. But the Biden-Harris administration published a memorandum in 2021 condemning the use of racist rhetoric toward Asian Americans. About two-thirds of respondents said they felt that the rhetoric used by U.S. media when reporting on the issue negatively affects how strangers treat them. Land restrictions, like in Florida, that limit Chinese citizens from buying property, could be affecting the Chinese community as well. “Regardless of the intention of these tough-on-China policies, there are unintended consequences on the treatment of Chinese Americans.”

Persons: ”, Nathan Chan, Steven Cheung, Donald Trump’s, Kamala Harris, Harris, ” Chan, Trump, ” Trump, Chan, Ann Yoo, Yoo, ” Yoo Organizations: U.S, University of Chicago, Loyola Marymount University, Chinese Communist Party, Democratic, Biden, Federal Government, Pacific Islanders, Trump, China Initiative, Republicans, FBI, Justice Department, Republican, Asian American Federation Locations: China, New York City, Florida

☆ Why the LA Rams are worth $2 billion more than the LA Chargers
▼ + stars: | 2024-09-05 | by ( Michael Ozanian | ) www.cnbc.com time to read: +2 min

The National Football League's Los Angeles Rams, No. 2 on CNBC's Official 2024 NFL Team Valuations list, are worth $8 billion, while the Los Angeles Chargers rank 26th at a value of $5.83 billion. Both teams play in SoFi Stadium, which Rams owner Stanley Kroenke financed to the tune of more than $5 billion. Los Angeles Rams owner Stanley Kroenke speaks during the "Football Meets Football" Youth Clinic at the Rams NFL training camp on the Loyola Marymount University campus in Los Angeles on July 26, 2024. Patrick T. Fallon | Afp | Getty ImagesThe mega tour was a boon for several NFL teams last year.

Persons: Stanley Kroenke, Kroenke, Taylor Swift, Patrick T, Fallon, SoFi, Beyoncé, Ed Sheeran Organizations: The, Football, Los Angeles Rams, CNBC's, Los Angeles Chargers, Rams, Chargers, Angeles Rams, Rams NFL, Loyola Marymount University, Afp, Getty, NFL, CNBC, — Locations: Los Angeles, SoFi

The Republican Party platform, updated last month for the first time since 2016, appeared to shift away from the party’s long-held opposition to same-sex marriage. We will end policies that punish families.”Many took this to mean the party was softening its stance on gay nuptials in a nod to growing public support for same-sex marriage, even among Republicans. The Republican National Committee did not return multiple requests for comment regarding whether the language in the new platform is inclusive of same-sex couples. We must do what is legally necessary to defend the sanctity of marriage.”Weeks later, Bush announced his support for a constitutional amendment banning same-sex marriage. The phrase “sanctity of marriage,” Maril said, is “inherently exclusionary” of same-sex couples.

Persons: ”, Charles Moran, “, ” Moran, Donald Trump, Joe Raedle, Robin Maril, ” Maril, George W, Bush, ” Bush, ” Weeks, Gabriele Magni, Magni, ” Magni, Mladen Antonov, Moran, I’m, “ They’re Organizations: Republican Party, Republican National Committee, Republican, GOP, Republican National Convention, Willamette University, U.S . Conference of Catholic, Los Angeles Times, Loyola Marymount University, Research Initiative, “, U.S, Supreme, Getty, Federal, Republicans, NBC Locations: Milwaukee, Massachusetts, Alabama

☆ What’s really happening in America’s economy (Trump and Biden spin aside)
▼ + stars: | 2024-05-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

You’d think that would mean the economy is coasting, since periods of low unemployment are generally associated with higher rates of economic prosperity. That seems to be the case with a lot of recent economic data: No piece of good news comes without other evidence that give economists pause. “I wouldn’t give the economy a clean bill of health,” said Gregory Daco, chief economist at EY. But given consumer spending is one of the biggest drivers of the economy, a pullback can have adverse effects, too. The uglyThe biggest flashing red light in the economy right now is the level of debt people are racking up.

Persons: Zers, ”, Gregory Daco, Joe Biden, there’s, Donald Trump’s, Here’s what’s, Christopher Waller, ” Waller, ” David Alcaly, Daco, ” Sung Won Sohn Organizations: New, New York CNN, EY, of Labor Statistics, Federal, Gov, Lazard, CNN, New York Fed, Loyola Marymount University, SS Locations: New York, Wisconsin

☆ Now comes the hard part for the Fed to achieve its goal of getting inflation to 2%
▼ + stars: | 2024-03-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Core services costs excluding housing services — "supercore" inflation, as it has become known — remain elevated but at least the pace of increase, at 0.5%, has eased. "The 'last mile' problem for the central bank is the inflation in service prices, which is partly attributed to the tight labor market in sectors such as healthcare, leisure, hospitality, and construction. "This type of inflation, often termed 'cost-push inflation,' may not react straightforwardly to changes in interest rates." "Wage growth was significantly slower, the labor market wasn't as tight," PNC's Faucher said. "It wasn't that long ago, but it was a different economy than it is now, with some of those [current] post-pandemic effects of the tight housing market and the tight labor market."

Persons: Gus Faucher, Dow Jones, Sung Won Sohn, PNC's Faucher, Faucher, JPMorgan Chase, Jamie Dimon, That's Organizations: Federal, PNC Financial Services, CPI, Bureau of Labor Statistics, Loyola Marymount University, SS Economics, Fed, JPMorgan, Monday

☆ Stubborn inflation means the Fed will be cutting rates less than the market thought
▼ + stars: | 2024-02-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

If nothing else, the January inflation report released Tuesday finally appears to have convinced markets that Federal Reserve officials weren't kidding around when they said they will take a deliberate approach to cutting interest rates this year. Following the consumer price index report showing the year-over-year reading well ahead of the Fed's desired inflation goal, markets recalibrated their monetary policy expectations. The Fed "faces a challenging task in balancing economic growth and employment while trying to control inflation," he added. Indeed, the narrative of the Fed being able to start cutting early, and moving rapidly through the year, was all but dead Tuesday. The January CPI report is a "setback for the Fed and makes a May rate cut unlikely.

Persons: Ditto, —, it's, Sung Won Sohn, Dow, Jerome Powell, Jason Pride, there's, Powell, Matthew Ryan, Krishna Guha, Guha Organizations: Federal Reserve, CME, Labor, CPI, Loyola Marymount University, SS Economics, Dow Jones, US2Y, CBS, Bank of America, Citigroup, Fed, Evercore ISI

But all Wright's family wants is for the 38-year-old businessman to be returned home. That position was reaffirmed Friday by the U.S. State Department in response to questions about Wright’s arrest. Some former Trump administration officials say Wright’s arrest is just the latest example of Maduro acting in bad faith. “He loved the nomadic lifestyle,” said Stewart, who didn't know her son was in Venezuela until she learned of his arrest. Wright’s family is speaking out because they feel the U.S. government hasn’t done enough to free him.

Persons: Biden, Savoi Wright’s, Nicolás, hasn’t, “, ”, Erin Stewart, Wright, Joe Biden, Maduro, Maria Corina Machado, Machado, Matthew Miller, Donald Trump's, Juan Guaidó, Kimberly Breier, Trump’s, Elliott Abrams, Maduro’s, Stewart, ” Stewart, Venezuela’s, Tarek William Saab didn’t, Luke Denman, Airan Berry —, — Eyvin Hernandez, Jerrel Kenemore, Joseph Cristella —, Moizeé Stewart, Wright’s, ” ___ Goodman, Tucker Organizations: U.S, Venezuelan, Associated Press, Oakland, U.S . State Department, Trump, Maduro, State Department, Loyola Marymount University, Green, FBI, U.S . Embassy, The State Department Locations: California, Venezuela, OPEC, Barbados, United States, Latin America, Washington, Colombia, Houston, Berkeley , California, Oakland, Miami, South America, U.S, Investigative@ap.org

☆ The US economy added 150,000 jobs last month. Here’s what that means
▼ + stars: | 2023-11-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —For several months now, the US labor market has been on a cooling trajectory, and Friday’s jobs report made that even more apparent. The US economy added 150,000 jobs last month, falling below expectations but still notching a solid month of employment growth, according to Bureau of Labor Statistics data released Friday. October’s job growth came in below September’s stronger-than expected but downwardly revised total of 297,000 jobs. Including the estimated 150,000 jobs added last month and the downward revisions to August and September that totaled 101,000 jobs, the United States is averaging 239,000 jobs gained per month so far this year. Where the jobs were — and weren’tBecause of the timing of the striking actions and how the BLS tracks such activity, October is the first jobs report that reflects the massive strike.

Persons: ”, Sung Won Sohn, Nancy Vanden Houten, Jerome Powell, Gus Faucher, Dante DeAntonio, ” DeAntonio, “ It’s, ” Ger Doyle, ManpowerGroup, Amy Glaser, we’ve, “ We’re Organizations: Minneapolis CNN —, of Labor Statistics, SS Economics, Loyola Marymount University, United Auto Workers, Ford, General Motors, UAW, Big, Federal Reserve, Fed, Oxford Economics, BLS, PNC Financial Services, Government, Moody’s, ”, CNN, “ Locations: Minneapolis, United States, Southern California

☆ US job growth probably slowed in October due to UAW strike
▼ + stars: | 2023-11-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The anticipated moderation in employment growth last month would also be pay back after September's enormous gains, the largest in eight months. The Labor Department's closely watched employment report on Friday is expected to show labor market conditions steadily easing, with annual wage growth the smallest in nearly 2-1/2 years and significant growth in the supply of workers. Manufacturing payrolls are forecast falling 10,000 after advancing 17,000 in September. Last week, the BLS reported at least 30,000 UAW members were on strike during the period it surveyed businesses for October's employment report. Wages gains would still be above the 3.5% that economists say is consistent with the Fed's 2% target.

Persons: Brian Snyder, Detroit's, Sam Bullard, payrolls, Veronica Clark, we've, Sung Won Sohn, we're, Brian Bethune, that's, Lucia Mutikani, David Gregorio Our Organizations: Taylor Party, Equipment Rentals, REUTERS, UAW, United Auto Workers, Labor, Federal Reserve, Labor Department's Bureau of Labor Statistics, Manufacturing, BLS, Citigroup, UPS, Finance, Loyola Marymount University, Boston College, Thomson Locations: Somerville , Massachusetts, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles

☆ The Federal Reserve leaves rates unchanged. Here's what that means for your wallet
▼ + stars: | 2023-11-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

watch nowThe Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. What the federal funds rate means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. To a certain extent, many households have been shielded from the brunt of the Fed's rate hikes so far, House said. As the federal funds rate rose, the prime rate did as well, and credit card rates followed suit. If the 10-year yield stays near 5%, federal student loan interest rates could increase again when they reset in the spring, costing student borrowers even more in interest.

Persons: Brett House, that's, Sung Won Sohn, Sohn, bode, Greg McBride, Sam Khater, Freddie Mac's, Tiffany Hagler, Bankrate, Jacob Channel Organizations: Federal Reserve, Fed, Columbia Business School, Loyola Marymount University, SS Economics, Treasury, Geard, Bloomberg, Getty, Auto Locations: Larchmont , New York

☆ Only 19% of Americans increased their emergency savings in 2023. That ‘puts households in a bind,’ expert says
▼ + stars: | 2023-10-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

It's becoming increasingly difficult for Americans to set money aside. "Rising prices and high household expenses have been the predominant impediments to boosting emergency savings," said Greg McBride, Bankrate's chief financial analyst. "When expenses increase faster than income, that puts households in a bind." But that cash reserve is now largely gone after consumers gradually spent their excess savings from the Covid-19 pandemic years. At the same time, the Federal Reserve's most aggressive interest rate-hiking cycle in four decades made it costlier to borrow.

Persons: It's, Greg McBride, Sung Won Sohn Organizations: Finance, Social Security, Loyola Marymount University, SS Economics

☆ US economy added 336,000 jobs last month, almost twice what was expected
▼ + stars: | 2023-10-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

The US economy added an estimated 336,000 jobs last month, blowing expectations out of the water, according to Bureau of Labor Statistics data released Friday. In September, leisure and hospitality helped drive job growth higher, with 96,000 jobs added. Today’s headline jobs number — that surprising 336,000 net job gain — is an initial estimate that will be revised twice more. The surprising September jobs report, however, didn’t continue that streak. August’s second look has job growth now at 227,000 for the month, an increase of 40,000.

Persons: ”, Sung, Soh, Joe Biden, “, it’s, ” Biden, Andrew Patterson, ” Patterson, they’ve, Jim McCoy, we’re, ” Daniel Zhao, Glassdoor’s, ” Julia Pollak, didn’t, ” Diane Swonk, — CNN’s Tami Luhby Organizations: Minneapolis CNN, of Labor Statistics, Loyola Marymount University, SS Economics, BLS, Federal Reserve, Dow, Nasdaq, Bureau of Labor Statistics, Vanguard, Fed, Administration, Children, Families, Nationwide, Century, CNN Locations: Minneapolis, United States

☆ Gen Z is giving up on college
▼ + stars: | 2023-09-05 | by ( Charlotte Lytton | ) www.businessinsider.com time to read: +11 min

"The world is rapidly evolving — and so is the college experience." Srivastava is one of a soaring number of Gen Zers who has decided to skip college altogether. The widening gap between the value and the cost of college has started to shift Gen Z's attitude toward higher education. They're not as interested in the typical "college experience" — whiling away four years rooming with friends and drinking at frat parties. But other members of Gen Z are taking a hard look at the "essence" of college.

Persons: Rushil Srivastava, you'll, Srivastava, he's, Gen Zers, haven't, millennials, Gen Xers, Nora Taets, James Connor, Connor, they're, —, Richard Saller, Saller, COVID, Meghan Reinhold, Reinhold, hasn't, María Gorgojo, Gen Z, Gen, Charlotte Lytton Organizations: UC Berkeley, Pew Research Center, Higher Education Authority, Pew, Iowa State University, of Computing, Data Science, Society ., School of Business, Information Technology, San Francisco Bay University, Harvard, Marymount University, Stanford University, Miami University of Ohio, Arizona State Locations: San, San Francisco, Silicon, COVID, Berkeley, Arizona, London

☆ July CPI report shows inflation gauge rose 3.2%, less than expected
▼ + stars: | 2023-08-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

watch nowThe consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy. Prices accelerated a seasonally adjusted 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics reported Thursday. The annual rate for the core also was slightly below a Dow Jones consensus estimate for 4.8%. Markets reacted positively to the report, with futures tied to the Dow Jones Industrial Average up more than 200 points and Treasury yields mostly lower. Almost all of the monthly inflation increase came from shelter costs, which rose 0.4% and were up 7.7% from a year ago.

Persons: Dow Jones, Sung Won Sohn, Rick Rieder Organizations: of Labor Statistics, Dow Jones, Markets, Treasury, SS Economics, Loyola Marymount University, Federal, BLS, Federal Reserve, BlackRock Locations: U.S

☆ Slower, but still strong US employment growth expected in July
▼ + stars: | 2023-08-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is still expected to show a tight labor market, with the unemployment rate steady near multi-decade lows, though wage growth probably moderated. Nonfarm payrolls likely increased by 200,000 jobs last month, after rising 209,000 in June, according to a Reuters survey of 80 economists. Still, employment growth would be double the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Striking Hollywood writers and actors also likely had no impact on employment growth. Though annual wage growth remains too high to be consistent with the Fed's 2% inflation target, it would be the latest indication of wage pressures continuing to subside into the third quarter.

Persons: Elizabeth Frantz, Sam Bullard, Nonfarm, Carl Riccadonna, Sung Won Sohn, Veronica Clark, Lucia Mutikani, Diane Craft Organizations: REUTERS, Federal Reserve, Labor, Fed, BNP, Labor Department's Bureau of Labor Statistics, Institute for Supply, Labor Department, Conference, Finance, Loyola Marymount University, Citigroup, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles

☆ The Philippines women's soccer team is making history at this year's Women's World Cup.
▼ + stars: | 2023-07-20 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +4 min

Led by coach Alen Stajcic, who formerly coached the Australian Women’s National Team, the squad will make history no matter the result of Friday’s game. ‘The word is spreading’Before joining the national team, California born Sarina Bolden – whose penalty kick clinched the island nation’s spot at the tournament – had never been to the Philippines. The 27-year-old is hopeful her country’s presence in the World Cup will promote soccer both in the Philippines – where other sports such as basketball and boxing remain more popular – and among the Filipino diaspora. In 2022, she was a key part of the Philippine National team that progressed to the knockout stages of the AFC Women’s Asian Cup for the first time. Bolden said she’s already seen awareness and interest grow in the Philippines following the team’s on field successes and historic qualification for the World Cup.

Persons: they’ll, Alen Stajcic, Stajcic, “, ”, ” Stajcic, Sarina Bolden –, –, “ Everyone’s, Bolden, ” Bolden, she’s Organizations: New Zealand CNN, Philippines ’, Women’s National Team, CNN, Filipina, Western Sydney Wanderers, Loyola Marymount University, LMU Lions, Philippines, Philippine National, AFC, women’s Locations: Auckland, New Zealand, Philippines, Switzerland, United States, California, Los Angeles, Europe, US, Asia, Taiwan, Japan

☆ Americans' wages are finally outpacing inflation. But could it last?
▼ + stars: | 2023-07-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks. Annual real weekly wages were up 0.6% last month, a rate that’s a tick below the 0.7% gain seen in February 2020. June also marked the second consecutive month of year-over-year real hourly wage growth — the first back-to-back months of gains since early 2021. Fears of a dreaded “wage-price spiral” — when rising wages and prices feed into each other — have made a bogeyman out of wage growth. And finally, supply-side inflation has drastically cooled to the point where annual inflation is practically flat — which, ideally, gives firms more wiggle room to pay workers, she said.

Persons: hasn’t, ’, That’s, ”, William Ferguson, Gertrude B, Austin, it’s, Alex Pelle, “, Sung Won Sohn, Ben Bernanke, ” Pelle, Julia Pollak, they’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, Grinnell College, stoke, Mizuho Securities, Loyola Marymount University, SS, San Francisco Fed, BLS Locations: Minneapolis, Iowa

☆ US inflation cooled in June for the 12th straight month
▼ + stars: | 2023-07-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics. The June annual rate is down from 4% in May and landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs. So the Fed and economists have been keyed in on what’s happening with core inflation, particularly core services.

Persons: Olivia Newton, ” William Ferguson, “, Joe Biden, ” Sung Won Sohn, Lael Brainard, ” Brainard, Brainard, ” Julia Pollak, ZipRecruiter, Sohn, ”, —, Nicole Goodkind Organizations: Minneapolis CNN, Bureau of Labor Statistics, CPI, Grinnell College, CNN, Federal Reserve, Loyola Marymount University, SS Economics, Core PCE, National Economic Council, Economic, of New, BLS, Kansas City Fed Locations: Minneapolis, Iowa, of New York

☆ Slower, still strong US job growth expected in June
▼ + stars: | 2023-07-07 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The economy needs to create 70,000-100,000 jobs per month to keep up with growth in the working-age population. A Conference Board survey last month showed consumers' perceptions of the labor market more upbeat in June relative to May. But first-time applications for unemployment benefits jumped to a 20-month high during the week that the government surveyed businesses for the nonfarm payrolls count. "They are going to opt to cut hours worked, that is something we need to pay very close attention to, rather than the net gain in nonfarm payrolls." The slowdown in wage growth is being driven by the loss of high-paying technology and finance jobs among others.

Persons: Jerome Powell, Sung Won Sohn, Payrolls, Ryan Sweet, Milton Ezrati, Yelena Shulyatyeva, Lucia Mutikani, Daniel Wallis Organizations: Labor, Federal Reserve, U.S, Loyola Marymount University, Institute for Supply, Board, Oxford Economics, West Chester Pennsylvania, BNP, Thomson Locations: y WASHINGTON, Los Angeles, payrolls, West Chester, nonfarm, New York

In 2017, with Mr. Connors’ help, Mr. Maichle started his own company, Precision Compliance Consulting. ‘Boss Man’Mr. Connors, Mr. Lewis and Mr. Maichle were all active in college conservative politics in Wisconsin about 15 years ago, when Mr. Connors was the leader of campus Republicans at Marquette University. Of that, about $102,000 went to Campaign Now, the firm started by Mr. Connors, and another $112,000 to companies where Mr. Connors, Mr. Maichle or Mr. Lewis was either the owner or a partner, tax records show. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments.

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