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At its much-anticipated meeting Wednesday, the Fed approved a half percentage point, or 50 basis point, cut to its benchmark funds rate that ran counter to the 25 basis point move that many Wall Street economists and strategists had been expecting. The benchmark fed funds rate now stands at 4.75% to 5.00% after Wednesday's move. Futures market pricing Thursday suggested a 25 basis point move in November followed by a 50 basis point cut in December, according to the CME Group's FedWatch. A basis point equals 0.01%. "Ultimately what we found most important in what Powell said was also among the least surprising things he said: future decisions are going to depend on the data," Feroli wrote.
Persons: Michael Feroli, Feroli, Jerome Powell, Powell Organizations: Federal Reserve, JPMorgan, Fed, Street Locations: U.S
His new home is a notorious federal jail in New York City known for extreme violence and abominable medical care. Still, the conditions are horrid across the facility, according to interviews with more than a half-dozen defense lawyers and a review of court documents. “The agency as a whole has failed to assist MDC Brooklyn with the staffing crisis, hence allowing MDC Brooklyn to fail,” the union head, Rhonda Barnwell, wrote in a memo to Bureau of Prisons officials in June 2023. "That is why, earlier this year, the director appointed an Urgent Action Team to take a holistic look at the challenges at MDC Brooklyn," the spokesman added. A statute in the federal court system requires defendants who are out on bail to be remanded to jail after they are convicted.
Persons: Sean, Diddy, Combs, Gary Brown, Sam Bankman, Kelly, Ghislaine Maxwell, , Xavier Donaldson, , Jeffrey Epstein’s, Rhonda Barnwell, Luis Rivas, Uriel Whyte, Edwin Cordero, Mr, Cordero, Andrew Dalack, Terrence Wise, wasn’t, LaShann DeArcy, Jonathan Goulbourne, Jesse Furman, Furman, Judge Brown, Brown, Daniel Collucci, Richard Kestenbaum Organizations: Metropolitan Detention, MDC, District, Justice Department, Metropolitan Correctional Center, Brooklyn, MDC Brooklyn, of Prisons, NBC News, . Justice, Urgent, New York Daily News Locations: New York City, Brooklyn, U.S, New York, Queens , New York,
The program had marked a shift in Denver’s strategy of housing migrants in massive temporary shelters to providing individual resources. About 860 people are currently part of the program, which offers six months of housing, job training, language instruction and legal support in filing asylum claims, according to city officials. In addition to ending the program, the city is closing its remaining migrant shelter at the end of the month, Jon Ewing, a city spokesperson who manages communications for Denver’s newcomer response, said Tuesday. Denver, Chicago and New York have had to adapt over the past two years as their migrant populations have grown since Texas Gov. Ewing said Denver is “enormously proud” of its asylum-seeker resource program and its broader migrant response.
Persons: Jon Ewing, Greg Abbott, Ewing, “ It’s, That’s, ” Ewing, , , they’re, Joe Biden, Biden Organizations: Denver, Biden, Denver Asylum Seekers, Texas Gov, Democratic, Customs, Protection, Border Patrol, Patrol Locations: Denver, Chicago, New York, Texas, United States
ESPN’s star NBA insider Adrian Wojnarowski is retiring from the company, according to a post from his X account Wednesday morning. The longtime sports reporter will take a job at St. Bonaventure, his alma mater, and become the general manager of its men’s basketball program, the university said. Wojnarowski often broke big news in the NBA world, so frequently that his breaking news reports on player transactions became colloquially known as “Woj bombs.” He and The Athletic’s Shams Charania often competed for scoops on the latest news. “I’ve known and admired Woj since we first worked together at Yahoo! His work ethic is second to none,” ESPN Chairman Jimmy Pitaro said in a statement.
Persons: Adrian Wojnarowski, Bonaventure, Wojnarowski, Shams Charania, , Woj, , Jimmy Pitaro Organizations: NBA, Yahoo, ” ESPN, ESPN Locations: St
CNN —Buying a historic cruise ship he found on Craigslist back in 2008 was undoubtedly a life-altering decision for Chris Willson. Ship of dreamsWillson and Li moved on board the ship and focused their energies on painstakingly restoring it. Christopher WillsonHis ultimate goal was to transform the neglected ship into a museum, but things didn’t quite go to plan. “We absolutely loved our time with that ship,” Willson tells CNN Travel. It subsequently remained at Alameda for several years, before being purchased by a businessman, who went on to list the ship on Craigslist.
Persons: Chris Willson, Jin Li, Willson, Li, Christopher Willson, ” Willson, I’m, , Wappen von Hamburg, , Aurora ’, Helen’s Marina, ” Herman, “ I’d, Christopher Willson “, Aurora, he’d, Kristina Werner, Connie Cochran, ” Cochran, Cochran, he’s, Christopher Wilson Willson, I’ve, “ There’s, Mary, that’s, haven’t, “ I’ve, hasn’t, It’s, Chris, … Wappen von, … Wappen von Hamburg doesn’t Organizations: CNN, Craigslist, CNN Travel, Blohm, California Delta, Herman, Aurora, Unified Command, US Coast Guard, California Department of Fish, Wildlife, Coast Guard, San, San Joaquin County Sheriff’s, Delta, Global, Wildlife’s, Spill Prevention, City, ” CNN, Love, YouTube, … Wappen von Hamburg Locations: Utah, Germany, Voss, California, Rio Vista, San Francisco’s, Little Potato, Stockton, California’s Central Valley, Chaleur, San Joaquin County, City, Russia, Vancouver, Alameda , California, Alameda, Craigslist, United States, Philadelphia’s Delaware, Long, Aurora
That cleared the way for counties to start preparing, printing and distributing mail ballots to those who request them. Most rejected ballots are tossed out for arriving after Election Day, but thousands have been rejected for missing signatures and similar paperwork errors. Pennsylvania's mail ballots have once again been the subject of a major election-year legal battle. The state Supreme Court ruled last week that mail ballots with improper dates can't be counted. Looking ahead to November, clerks in Pennsylvania still won’t be able to process any mail ballots before Election Day, meaning it could again take days to count them.
Persons: Commonwealth Al Schmidt, Cornel, Joe Biden, Donald Trump, , Trump baselessly, won’t Organizations: Commonwealth, Pennsylvania, Officials Locations: Pennsylvania, In Pennsylvania, Dauphin County, Harrisburg
I had recently watched "A Beautiful Mind," the story of mathematician John Nash, who was a brilliant man with schizophrenia. I watched the college students, wanting to be them so badly. AdvertisementI had terrifying hallucinations and refused to use technologyFor four years, I tried to keep my hallucinations secret. Connecting with other college students who had hallucinations made me realize that my experience wasn't isolated. I took art and psychology classes, and then I applied to become an official student in the general studies program.
Persons: , Jules, Amy, John Nash, Evan, couldn't, I'd, I'm Organizations: Service, Business, Columbia University, Columbia Locations: Manhattan, Connecticut
Google wins challenge against $1.7 billion EU antitrust fine
  + stars: | 2024-09-18 | by ( ) edition.cnn.com   time to read: +2 min
Google won a legal challenge Wednesday against a €1.49 billion ($1.66 billion) antitrust fine from the European Union, while chipmaker Qualcomm failed to repeal a penalty. She scored two major wins last week: against Google in a separate case and against Apple’s tax deal with Irish authorities. The AdSense fine, one of a trio of fines that have cost Google a total of €8.25 billion ($9.18 billion), was triggered by a complaint from Microsoft in 2010. In Qualcomm’s case, the US chipmaker only managed to convince the General Court to trim its EU antitrust fine to €238.7 million from €242 million. Qualcomm, which can appeal to the European Court of Justice on points of law, did not immediately respond to a request for comment.
Persons: Margrethe Vestager Organizations: Google, European Union, Qualcomm, Big Tech, Irish, European Commission, European Court of Justice, EU, European Court, Microsoft, Nvidia, The
CNN —Following the MIND diet for 10 years produced a small but significant decrease in the risk of developing thinking, concentration and memory problems, a new study found. The MIND diet was specifically designed to combat cognitive decline, said lead study author Dr. Russell Sawyer, an assistant professor of clinical neurology and rehabilitation medicine at the University of Cincinnati Gardner Neuroscience Institute. People who followed the MIND diet more closely were 4% less likely to develop memory and thinking problems than those who did not adhere to the diet, the study found. “The benefits of the MIND diet may have a differential impact in women and Blacks and this is an area for future research.”Leafy green vegetables, berries, whole grains, seeds, and a bit of fish and poultry are staples of the MIND diet. jenifoto/iStockphoto/Getty ImagesMore research neededA 2023 randomized controlled clinical trial found the MIND diet no better than the control diet in reducing signs of cognitive decline in the brain.
Persons: Russell Sawyer, ” Sawyer, Sawyer, , David Katz, ” Katz Organizations: CNN, University of Cincinnati Gardner Neuroscience Institute, , True Health Initiative, American Academy of Neurology, National Institutes of Health, Southern, Blacks
But on a three-day trip to Lazarus Island, a small island five miles from Singapore, I was forced to slow down. During the pandemic, they chanced upon a government initiative to promote sustainable tourism on Lazarus Island. Lee and Wong ended up winning a three-year tender to open Into the Woods on Lazarus Island in March 2023. With nowhere to eat on the island, guests can cook their own meals or pack food. Erin Liam/ Business InsiderWhen I returned from my trip, the cofounders told me they could not build en-suite toilets due to cost and time constraints.
Persons: , Ray Lee, Sam Wong, Lee, Wong, they've, Erin Liam, Mike Harlow, Scott Dunn, we're, Glamping, Hilton, Lazarus Organizations: Service, Business, AutoCamp, Hyatt Locations: Lazarus, Singapore, Australia
A former warden at the facility told Business Insider that Combs can expect to be treated like any of the other 1,200 inmates at the Brooklyn jail. Advertisement"Any time one is being detained at the Metropolitan Detention Center, it's never going to be a picnic," Cameron Lindsay, the retired warden, told BI. Sean "Diddy" Combs is currently being housed at an infamous Brooklyn jail. "Given his status as a celebrity and a rap star, I would believe, of course, that he would be single-celled and isolated under very austere conditions," Cameron Lindsay told BI. Numerous Courts in this district have raised concerns with the horrific conditions of detention there," Combs' lawyers wrote.
Persons: , Sean, Diddy, Combs, Kelly, Sam Bankman, Ghislaine Maxwell —, it's, Cameron Lindsay, Mark Bederow, Lucas Jackson, Bederow, Robyn Tarnofsky, Lindsay Organizations: Service, Federal Bureau of Prisons, Metropolitan Detention, Business, MDC Locations: Los Angeles, Miami, Brooklyn, Manhattan, Beverly Hills
Hillwood Estate was the home of breakfast-cereal heiress Marjorie Merriweather Post. Hillwood was Post's fall and spring home — she built Mar-a-Lago and lived there during the winter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMarjorie Merriweather Post was once known as America's richest woman, with an estimated net worth of $250 million — around $1.8 billion today when adjusted for inflation. This story is available exclusively to Business Insider subscribers.
Persons: Marjorie Merriweather Post, Hillwood, Organizations: Service, Post, General Foods Corporation, Maxwell, Business Locations: Hillwood, France, Russia
Adrian Wojnarowski looks on before a game at Kaseya Center in Miami on June 7, 2023. ESPN 's star NBA insider Adrian Wojnarowski is retiring from the company, according to a post from his X account Wednesday morning. The longtime sports reporter will take a job at St. Bonaventure, his alma mater, and become the general manager of its men's basketball program, the university said. Wojnarowski often broke big news in the NBA world, so frequently that his breaking news reports on player transactions became colloquially known as "Woj bombs." He has led the industry at ESPN, and his dedication to the craft and to fans is legendary."
Persons: Adrian Wojnarowski, Bonaventure, Wojnarowski, Shams Charania, Woj, Jimmy Pitaro Organizations: Kaseya Center, ESPN, NBA, Yahoo Locations: Miami, St
The super PAC, Future Coalition PAC, also ran other ads that highlight the Jewish faith of Harris’ husband, Doug Emhoff, including ads that have leaned on antisemitic “dual loyalty” tropes about Jewish Americans. The first two clips used in the new Harris ad come from Harris’ remarks after meeting with Israeli Prime Minister Benjamin Netanyahu in July, four days after President Joe Biden announced he wouldn’t seek another term in office. The majority of the nine ZIP codes in the Harris ad campaign are represented by Democratic Rep. Rashida Tlaib in Congress. The Harris campaign did not comment on its ad strategy. Harris addressed the issue during remarks Tuesday at a discussion with the National Association of Black Journalists.
Persons: Kamala Harris ’, Harris, Harris sympathizing, Harris ’, Doug Emhoff, Benjamin Netanyahu, Joe Biden, wouldn’t, , ” Harris, , Biden, Rashida Tlaib, Tlaib, hasn’t Organizations: Google, Biden, GOP, Israel, Future Coalition PAC, Israeli, Democratic Rep, Palestinian, Democratic National Convention, NBC News, White, National Security, National Association of Black Journalists Locations: Detroit, Gaza, Snapchat, Dearborn, Eastern, American, Israel, Congress, Palestinian American, Chicago
For over a month, the former president and his family have been pumping up a project called World Liberty Financial, promising that it will do many things at once. He’s also part of the small group of World Liberty Financial founders, according to an internal report on the project obtained by CoinDesk. Witkoff was seated to Trump’s right during Monday night’s spaces, and described how he brought the Trump family together two crypto entrepreneurs. Alongside Trump and Witkoff, founders include Donald Trump Jr., Eric Trump and Barron Trump, as well as Witkoff’s son, Zach Witkoff, according to a person briefed by a member of the group’s founding team. CNBC reached out to Eric Trump and Witkoff to ask about their leadership roles within World Liberty, and didn’t immediately receive a reply.
Persons: Donald Trump’s “, Zak Folkman, Folkman, Trump, Gary Gensler, Steve Witkoff, Witkoff, Trump’s, He’s, , Chase Herro, I’ve, , , Eric, Don Jr, Let’s, We’ve, Donald Trump Jr, Eric Trump, Barron Trump, Zach Witkoff, CoinDesk, Barron, ” Eric, Donald Jr, didn’t, Donald Trump Organizations: Republican, Trump, Liberty Financial, Securities, Exchange, Securities and Exchange Commission, SEC, Trump International Golf Club, FBI, World Liberty Financial, CoinDesk, Witkoff, Trump Media Technology Group, NBC, , Bloomberg, Trump Organization, Liberty, CNBC, GOP Locations: West Palm Beach , Florida, Nashville
The Federal Reserve is widely expected to start cutting interest rates Wednesday afternoon. Those yields are expected to start coming down sharply as the Fed begins to ease back on generationally high rates. Adding some duration Duration refers to a bond's price sensitivity to changes in interest rates. A bond yield moves inversely to its price, so that when bond prices rise, yields decline. Though investors in the space may be concerned about prepayment risk, especially as interest rates come down and homeowners look to refinance, Cetera says that worry may already be priced in.
Persons: Kathy Jones, Tony Miano, Jones, Schwab's Jones, Gene Goldman, Goldman, James Shagawat, Shagawat Organizations: Federal Reserve, Treasury, Schwab Center, Financial Research, Wells, Wells Fargo Investment Institute, York Life Investments, Investment Management, Investors Locations: Wells Fargo, AdvicePeriod, Paramus , New Jersey
Read previewRussia's threat to the subsea cables the West relies on for the internet is growing more acute amid surveillance from a specialist undersea sabotage unit, a NATO official said. "Allies have long warned of the risk that Russian spy ships and sabotage vessels patrolling subsea cable routes could pose to critical underwater infrastructure." Known by its Russian acronym, GUGI, the unit's goal is to surveil and possibly destroy the undersea cables the West relies on for the internet. But as the world has become more dependent on internet data, the potential for disruption caused by sabotage has become greater. Sybille Reuter via Getty imagesThere is already evidence that Russian units may have tampered with undersea cables, with experts saying that Russian units likely played a role in the disappearance of miles of the cables near Lofoten off the coast of Norway in 2021.
Persons: , Dmitry Medvedev, Sidharth, GUGI, Kaushal, Sybille Reuter, Mark Cancian Organizations: Service, NATO, Business, Russia's General Staff, Directorate, Allies, CNN, General Staff, Research, Pentagon, Russia, Russian Ministry of Defense, Getty, CSIS, Atlantic Council Locations: Ukraine, Russia, Europe, North America, Lofoten, Norway, NATO, Washington ,
Read previewThe Ukrainian army is extending the period of training for its new recruits after months of reports have shown that their soldiers are ill-trained for combat and risk dying out too quickly. The current training period for new recruits is three months, which includes one month of basic military training and two months of vocational training, according to Ukrainian news outlet Ukrainska Pravda. The news of the extended training period comes after months of reports have shown that Ukraine's soldiers do not have the adequate training required to be on the front lines. And according to a June Washington Post report, Ukrainian commanders often had to dedicate time to training recruits basic skills like how to shoot. Ukrainian soldiers, according to the Kyiv Independent, are worried that the army will run out of trained people to continue fighting.
Persons: , Oleksandr Syrskyi, Schmidt, Chasiv Yar, didn't Organizations: Service, Facebook, Business, General Staff of, Armed Forces, Ukraine's Facebook, Ukrainska, Associated Press, AP, 47th Brigade, Washington Post, 93rd Mechanized Brigade, Post, Kyiv Independent, Kyiv, Mechanized Brigade Locations: Ukrainian, Chasiv
The increase would take the overall number of Russian military personnel to nearly 2.4 million, including 1.5 million troops, according to the decree published by the Kremlin Monday. Last week, Russia stepped up its efforts to expel Ukrainian troops from Kursk and is inching forward toward the crucial Ukrainian town of Pokrovsk in the eastern Donbas region. In August 2022, Putin ordered an increase of 137,000 troops by the start of the new year, which put the military’s staffing at just over 2 million personnel, including 1.15 million troops. Then in December, Putin ordered another official expansion of 170,000 troops, bringing the total to 1.32 million. In an update published this month, the General Staff of Ukraine’s military said Russia has lost 616,300 troops.
Persons: Vladimir Putin, Putin’s, Putin, Sergei Shoigu Organizations: CNN, Kremlin, Russian, Staff, United Kingdom’s Ministry of Defense Locations: Ukraine, Russia’s, Kursk, Russia, Pokrovsk, Kharkiv, Georgia, Robotyne,
“The Secret Service needs more help,” Biden told reporters while leaving the White House on Monday. Chip Somodevilla/Getty ImagesActing US Secret Service Director Ronald Rowe met with Trump and local law enforcement on Monday in Florida. Secret Service Director Kimberly Cheatle resigned in the fallout from the assassination attempt, leading to Rowe’s appointment as acting director. Those concerns were underscored by details revealed Monday about the suspected shooter’s whereabouts before he was ultimately spotted by Secret Service agents. Moskowitz said Sunday that the Secret Service needed to consider taking more drastic measures, such as shutting down a significantly wider perimeter.
Persons: Donald Trump, he’s, He’s, Jared Moskowitz, CNN’s Anderson Cooper, Joe Biden, ” Biden, Chip Somodevilla, Ronald Rowe, Rowe, ” Rowe, “ there’s, Trump, , there’s, , Trump’s Butler, Kimberly Cheatle, Ryan Wesley Routh, Jonathan Wackrow, Ric Bradshaw, ” Bradshaw, Joe Raedle, Obama, Bush, Clinton, ” Wackrow, Butler, Cheryl Tyler, CNN’s Wolf Blitzer, ” Tyler, protectee, Robyn Beck, Moskowitz, ” Moskowitz, Biden, Ro Khanna, CNN’s Holmes Lybrand, Kristen Holmes, Whitney Wild Organizations: CNN, Republican, Secret, Trump, Florida Democrat, Service, White, House, Trump’s, Trump International Golf, Nissan, Secret Service, Martin County Sheriff’s, Martin County Sheriff's, Facebook, United Nations General Assembly, White House Communications Agency, Department of Defense, Trump National Golf Club Los, Getty, ” Agency, , California Democrat, Congress Locations: Palm, Butler , Pennsylvania, Florida, Congress, Washington ,, Lago, Trump, Martin County, Iran, New York City, Mar, Palm Beach, Beach, West Palm Beach , Florida, Butler, Rancho Palos Verdes , California, AFP, California
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: AAPL, Headwind, — Katie Stockton Organizations: Apple, AAPL, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: AAPL
Read previewAn internal Amazon document details the company's new policy requiring corporate employees to work out of the office five days a week. AdvertisementThe internal "Frequently Asked Questions" document shared with employees describes how the new RTO policy will work. It has ended a policy that gave employees the option to work up to four weeks per year fully remote. Amazon provides a variety of commuter benefits and services to give employees flexibility for their commute to the office. AdvertisementWe will continue to work with employees with disabilities to identify the workplace accommodations/adjustments they need.
Persons: , Andy Jassy, We've, Amazonians, you've, that's, I'm Organizations: Service, Monday, Business, Amazon, Puget Sound, Global Real, Design, Employees, IT Services Locations: U.S, Arlington, Europe, Americas
Where to watch Tulsa King in the USNew episodes of Tulsa King are available on Paramount+ in the US. It costs $12 a month or $120 a year Check price at ParamountWhere to watch Tulsa King in the UKNew episodes of Tulsa King will also stream on Paramount+ in the UK. Where to watch Tulsa King in AustraliaIt's a similar story in Australia, where Tulsa King will also stream on Paramount+. Where to watch Tulsa King in New ZealandTulsa King Season 2 should air on TVNZ+ in New Zealand. Tulsa King Season 2 trailerParamount+ released a trailer for the new season in mid-August, showcasing just what The General has been up to since the Season 1 finale.
Persons: Tulsa King, Sylvester Stallone, Dwight, Manfredi, Andrea Savage, Martin Star, Jay Will, Taylor Sheridan, you'll, ExpressVPN Organizations: Business, Tulsa, Tulsa King, Yellowstone, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, New Zealand Tulsa King, TVNZ Locations: Tulsa , Oklahoma, Kingstown, Yellowstone, Tulsa, Australia, New Zealand
These activities provide her satisfaction and purpose in ways more fulfilling than work. She infused her love for arts and crafts into the rest of my family. Now, a new study by Keyes and fellow researchershas found that engaging in creative activities can significantly boost well-being by providing meaningful spaces for expression and achievement. Additional study is needed to examine the social aspects of creative activities, researchers said. Arts and crafts for public healthThe researchers suggested that arts and crafts could improve public health.
Persons: Pennsylvania CNN —, , Helen Keyes, Keyes, researchershas, , ” Keyes, Frank Clark, Clark, ” Clark Organizations: Pennsylvania CNN, Anglia Ruskin University, Public Health, UK’s Department for Culture , Media, Prisma Health Locations: Southampton, Pennsylvania, England
New York CNN —Federal Reserve officials won’t say how former President Donald Trump winning a second term could impact the economy. But transcripts of closed-door Fed meetings from Trump’s first term give some clues about top economists’ true feelings about Trump’s economic agenda. “We don’t want to be involved … in politics in any way,” Powell said after July’s monetary policy meeting. The transcripts of past meetings that are publicly available, the most recent being from the December 2018 monetary policy meeting, suggest that some Fed officials had legitimate concerns about Trump’s trade policy and its impact on the economy. ‘Ill-conceived US government policies’At later meetings, as the Trump administration began to set the stage for a potential trade war with China, Fed officials started to sound more concerned.
Persons: Donald Trump, Trump, Jerome Powell, Powell, ” Powell, Sen, Jack Reed, , it’s, Loretta Mester, ” Mester, , James Bullard, Bob Dylan, ” Bullard, Bullard, Mitch Daniels, , , , ” William Dudley, ” Dudley Organizations: New, New York CNN — Federal, Democrat, Trump, CNN, Cleveland Fed, Fed, Federal, Market, Louis Federal Reserve, Chicago Cubs, Mitch Daniels School of Business, Washington, Lee University Locations: New York, Rhode Island, , China, United States, Dudley
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