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☆ America’s economy explains a lot about why Trump got reelected
▼ + stars: | 2024-11-06 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

That explains a lot about why Trump was reelected. Why the US economy stings so muchHousing: America’s home prices have reached new record highs for 15 straight months. No, really, the US economy is greatStill, Trump will be inheriting a strong economy — on paper, anyway. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. Consumer spending, which accounts for more than two-thirds of America’s economy, is surging, rising 3.7% last quarter, the highest rate of growth since the first quarter of 2023, according to the BEA.

Persons: Donald Trump’s, Trump, Joe Biden, Kamala Harris, they’re, Biden, Covid, That’s, Trump’s Organizations: CNN, Republican, US Department of Housing, Urban Development, Bank of America, Brookings Institution, White, Democratic, Democrat, Companies, Bureau of Labor Statistics, Gross, Economic, International Monetary Fund, Labor, BEA Locations: America

Tracking Hurricane Rafael Leer en españolRafael was a Category 2 hurricane in the Gulf of Mexico Wednesday evening Eastern time, the National Hurricane Center said in its latest advisory. The hurricane had sustained wind speeds of 105 miles per hour. By The New York TimesRafael is the 17th named storm to form in the Atlantic in 2024. In late May, the National Oceanic and Atmospheric Administration predicted that there would be 17 to 25 named storms this year, an above-normal amount. Without El Niño this year, clouds are more likely to tower to the tall heights needed to sustain a powerful cyclone.

Persons: Leer, Rafael, The New York Times Rafael Organizations: National Hurricane Center, The New York Times, NOAA, National Oceanic, Atmospheric Administration, Hurricanes Locations: Gulf, Mexico, United States

☆ America won the war on inflation. You still think the economy stinks
▼ + stars: | 2024-10-31 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

Although sentiment is improving (more on that soon), poll after poll suggests that Americans hold largely negative views about the US economy. And the US economy remains a job-creation machine, adding 368,000 jobs per month on average during the Biden administration, a record high. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. A recent study from the Brookings Institution, released last week, found a correlation between economic sentiment and political affiliation with the party in control of the White House. When Trump took office, Republican economic sentiment surged, while Democratic sentiment cratered.

Persons: Kamala Harris, Joe Biden, Biden, Trump, Covid, That’s, Donald Trump, they’re Organizations: CNN, Bureau of Labor Statistics, Gross, Economic, International Monetary Fund, Labor, BEA, US Department of Housing, Urban Development, Bank of America, Brookings Institution, White, Democratic, Republican, Democrat

☆ This Texas city has the lowest cost of living in the U.S.: There is 'investment in the area keeps home prices low,' expert says
▼ + stars: | 2024-10-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

This month, Realtor.com released its ranking of the top 10 cities with the lowest cost of living based on the latest regional price parities data from the U.S. Department of Commerce's Bureau of Economic Analysis (BEA). The regional price parities measure the differences in price levels of goods and services across states and metropolitan areas and are shown as a percentage of the overall national price level, the BEA states. Home prices tend to be lower in the South and the Midwest," Jones says. "Markets in the South and the Midwest can expand as demand picks up, which helps keep housing costs low. The price of housing is relatively affordable because of their ability to adapt to demand."

Persons: Realtor.com, Hannah Jones, Jones Organizations: U.S . Department of Commerce's, Analysis, BEA, CNBC

Tracking Tropical Storm Oscar Leer en españolOscar was a tropical storm in the North Atlantic Ocean Monday evening Eastern time, the National Hurricane Center said in its latest advisory. The tropical storm had sustained wind speeds of 40 miles per hour. By The New York TimesOscar is the 15th named storm to form in the Atlantic in 2024. In late May, the National Oceanic and Atmospheric Administration predicted that there would be 17 to 25 named storms this year, an above-normal amount. Without El Niño this year, clouds are more likely to tower to the tall heights needed to sustain a powerful cyclone.

Persons: Oscar Leer, Oscar, The New York Times Oscar Organizations: National Hurricane Center, The New York Times, NOAA, National Oceanic, Atmospheric Administration, Hurricanes Locations: United States

Tracking Tropical Storm Helene Leer en españolHelene was a tropical storm in the Caribbean Sea early Wednesday Eastern time, the National Hurricane Center said in its latest advisory. The tropical storm had sustained wind speeds of 60 miles per hour. By The New York TimesHelene is the eighth named storm to form in the Atlantic in 2024. In late May, the National Oceanic and Atmospheric Administration predicted that there would be 17 to 25 named storms this year, an above-normal amount. Without El Niño this year, clouds are more likely to tower to the tall heights needed to sustain a powerful cyclone.

Persons: Helene Leer, Helene, The New York Times Helene Organizations: National Hurricane Center, The New York Times, NOAA, National Oceanic, Atmospheric Administration, Hurricanes Locations: Caribbean, Fla, Fort Myers, St . Petersburg, United States

Tracking Hurricane John Leer en españolJohn was a Category 3 hurricane over Mexico Monday evening Mexico Central Time, the National Hurricane Center said in its latest advisory. The hurricane had sustained wind speeds of 120 miles per hour. Storms that form in the Atlantic or the Pacific generally move west, meaning Atlantic storms pose a greater threat to North America. Occasionally, a storm can move farther north, as Hurricane Hilary did last year, bringing damaging winds and intense rain to Southern California. Hurricane season in the Eastern Pacific began on May 15, two weeks before the Atlantic season started.

Persons: Leer, español John, The New York Times John, Hilary, Niña Organizations: Mexico Monday, National Hurricane Center, The New York Times, NOAA, Southern California ., Eastern Pacific Locations: español, Mexico, Eastern, North America, Baja California, Southern California, Southern California . Hurricane

☆ These Americans are trying to make ‘underconsumption core’ trendy
▼ + stars: | 2024-09-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Enter underconsumption core, or a lifestyle that involves using just a small rotation of things for years rather than chasing the latest trend. Users are posting videos on TikTok showing off their underconsumption core lifestyles, with many receiving hundreds of thousands of likes. Experts say the underconsumption core trend isn’t just about maintaining a budget or wanting to get rid of stuff. Still, Americans are spendingDespite the underconsumption core trend’s popularity, spending in the US remains strong overall. Suzanne Lambert, a 32-year old consultant based in Virginia, says she canceled her subscription to a beauty box after watching underconsumption core videos.

Persons: “, ”, Megan Doherty Bea, Bea, Stanley, Diana Wiebe, Wiebe, ’ ”, Nikki Baird, Katrina Leibee, Leibee, ♬, Norah Jones Eleanor, Eleanor, June’s, Suzanne Lambert, Lambert, Scott Rick, Rick Organizations: New, New York CNN, University of Wisconsin - Madison, Savings, Kohl’s, ‘, Denver, CNN, Commerce Department, University of Michigan’s Ross School of Business Locations: New York, United States, Ohio, Utah, West Africa, Arlington , Virginia, Virginia

☆ The Fed’s favorite inflation indicator increased 0.2% in July, as expected
▼ + stars: | 2024-08-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Excluding volatile food and energy prices, core PCE also increased 0.2% for the month but was up 2.6% from a year ago. Core prices less housing, another key metric for the Fed, increased just 0.1% on the month. Elsewhere in the report, the department's Bureau of Economic Analysis said personal income increased 0.3%, slightly higher than the 0.2% estimate, while consumer spending rose 0.5%, in line with the forecast. Markets reacted little to the news, with equity futures pointing to a slightly higher open on Wall Street and Treasury yields higher as well. In recent days, policymakers such as Chair Jerome Powell have expressed confidence that inflation is progressing back to the Fed's 2% goal.

Persons: Dow, Joseph Brusuelas, Jerome Powell Organizations: Federal Reserve, Commerce Department, Dow Jones, Fed, department's, BEA, Treasury, RSM

Instead of giving up, Colonel Sanders embraced the changes sweeping society. Even after he sold his company, he scorned the idea of retirement, staying on as a consultant and board member and embodying his Colonel Sanders persona in commercials and more. For decades, as a middle-class wife, mother and secretary living in Queens, she kept the pilot light on by taking tiny parts in tiny plays with tiny audiences. Wilder's "Little House" books, treasured by millions, became an enduring chronicle of family life on the American frontier. Four years later, she reconnected with her junior high crush and high school boyfriend, Harry Kullijian.

Persons: Estelle Getty, Rue McClanahan, Bea Arthur, Betty White, Mick Jagger, lopes, Roctogenarians, Harland David Sanders, Sanders —, —, Colonel Sanders, Sanders, they'd, Sophia Petrillo, Henri Matisse, Matisse, Norman Lear, Rita Moreno, Lear, Laura Ingalls Wilder, Frank McCourt, hilariously, Carol Channing, Harry Kullijian Organizations: Social, Bluegrass State, KFC Locations: Corbin , Kentucky, Kentucky, American, York's, Queens, East, Hollywood, Limerick, Ireland

Tracking Hurricane Debby Leer en españolDebby was a Category 1 hurricane in the Gulf of Mexico late Sunday Eastern time, the National Hurricane Center said in its latest advisory. The hurricane had sustained wind speeds of 75 miles per hour. Debby is the fourth named storm to form in the Atlantic in 2024. In late May, the National Oceanic and Atmospheric Administration predicted that there would be 17 to 25 named storms this year, an above-normal amount. Without El Niño this year, clouds are more likely to tower to the tall heights needed to sustain a powerful cyclone.

Persons: Leer, Debby Organizations: Sunday, National Hurricane Center, Fort Myers, Fort Myers Cedar Key, United States, National Oceanic, Atmospheric Administration, Hurricanes Locations: Gulf of Mexico, Fort Myers Cedar, Fort Myers Cedar Key Tampa, United States

☆ Melvyn Jaminet: French rugby player, suspended, leaves tour of Argentina after making racist comment in social media post
▼ + stars: | 2024-07-08 | by ( Ben Morse | Bea Adeleke | ) edition.cnn.com time to read: +3 min

CNN —French rugby player Melvyn Jaminet has left the team’s tour of Argentina after he was suspended for using a racist remark in a video posted on his social media accounts. The French Rugby Federation (FFR) said in a statement that it “condemns in the strongest terms” the comments made by Jaminet, while also announcing that the full-back has been suspended from the tour of Argentina. “Melvyn Jaminet had been immediately sidelined and has left the French team currently in Argentina,” said the FFR. Jaminet has been a regular in the French national team since making his debut in 2021. According to a post on the FFR’s Instagram account, the team arrived in Argentina in late June.

Persons: Melvyn Jaminet, “, Jaminet, “ Melvyn Jaminet, ”, ” Jaminet, Les, Castéra Organizations: CNN —, French Rugby Federation, French, Rugby, Argentina, French Rugby, CNN, Toulon, New Zealand, Estadio, Jaminet Locations: CNN — French, Argentina, France’s, Mendoza, France

☆ Paris Olympics: Triathlon events hang in the balance over E. Coli levels in the Seine
▼ + stars: | 2024-06-18 | by ( Billy Stockwell | ) edition.cnn.com time to read: +12 min

Fluidion’s testing has found that, on average, E. Coli levels in the Siene between early April and late May were just under 3400 MPN/100mL. The highest E. Coli levels recorded by Fluidion were 23590 MPN/100mL on May 2 and 13090 MPN/100mL on May 30, according to Angelescu. But if poor water quality persisted, the triathlon would have to be downgraded to a duathlon with no swimming, the organization confirmed. Angelescu said that “significant infrastructure projects” by the city of Paris designed to improve water quality will have a “substantial” impact. Triathlon athletes swim in the Seine river during the men's 2023 World Triathlon Olympic Games test event in Paris on August 18, 2023.

Persons: Pont Alexandre III, –, Jeanne Lehair, Dan Angelescu, Tim Clayton, Corbis, Fluidion, Angelescu, ”, Bertrand Guay, “, Anne Hidalgo, Stephane De Sakutin, Mike Cavendish, ” Cavendish, Probiotic, Cavenish, Phil Dunne, dietitians, Tim Harradine, ” Harradine, Emmanuel Dunand, “ It’s, Cavendish, Harradine, Bea Adeleke Organizations: CNN, Palais, Pont, Eiffel, Triathlon, Games, Getty, Surfrider Foundation, “, ”, Paris, British Triathlon, ’, Olympics Locations: Seine, Paris, France, French, AFP, Pont Alexandre, Austerlitz, Luxembourg, Oxford, Cambridge, Rio de, Guanabara, Lehair, ”

☆ I asked the new ChatGPT to find me a job and was surprised by what it came up with
▼ + stars: | 2024-06-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Armed with a new update, ChatGPT can now act as your free personal recruiter. In an earlier test, ChatGPT sent me one job that I couldn't track down. After some probing, the bot acknowledged that the bot role probably wasn't real. AdvertisementApplyingIt's not news that ChatGPT can help job seekers write a killer cover letter, but the new update allows for some more specific back and forth. Armed with my CV and the job description, I asked ChatGPT to tailor my CV to the role and write a quick cover letter.

Persons: —, Bing, ChatGPT, I'd Organizations: Service, Business, ChatGPT Locations: London

☆ Kylian Mbappé says there were ‘things and people that made me unhappy’ in final season at PSG
▼ + stars: | 2024-06-05 | by ( Ben Morse | Bea Adeleke | ) edition.cnn.com time to read: +4 min

CNN —French soccer superstar Kylian Mbappé said that there were “things and people that made me unhappy” during his final season at Paris Saint-Germain, in his first comments since his blockbuster move to Real Madrid. Mbappé was speaking at a media conference on Tuesday ahead of France’s friendly against Luxembourg and stressed that his long-expected move to Madrid was a “relief,” while also adding that his final season in Paris was filled with mixed emotions. While saying in general that he was happy in his final season, he went to detail one aspect that did make him unhappy. But his final season in Paris was overshadowed by speculation around his future. “I wish him all the best,” told CNN Sport’s Amanda Davies at the Globe Soccer Awards Forum in Sardinia, Italy.

Persons: Kylian Mbappé, ”, Germain, Mbappé, “, ” Mbappé, Alex Caparros, Luis Enrique, Luís Campos, Bertrand Guay, Mbappé’s, Nasser Al, Khelaifi, Amanda Davies, ” Al, Les Bleus Organizations: CNN, Paris Saint, Real, Luxembourg, PSG, Real Sociedad, Champions League, Ligue, AC Milan, Getty, French, Globe Soccer, “, Austria Locations: French, Real Madrid, Madrid, Paris, AFP, Sardinia, Italy, France, Germany

☆ Video shows airport submerged in Southern Brazil
▼ + stars: | 2024-05-08 | by ( Bea Adeleke | ) edition.cnn.com time to read: 1 min

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☆ Bakers in France set record for world’s longest baguette
▼ + stars: | 2024-05-06 | by ( Bea Adeleke | ) edition.cnn.com time to read: 1 min

☆ Aya Nakamura: The most streamed female Francophone artist has become a target in France’s culture wars ahead of Paris 2024
▼ + stars: | 2024-04-26 | by ( Bea Adeleke | ) edition.cnn.com time to read: +11 min

CNN —Aya Nakamura was born in the former French colony of Mali, raised in France and is widely considered the most streamed female Francophone artist in the world. However, ahead of Paris 2024, Nakamura finds herself at the center of France’s culture wars. Aya Nakamura attends the Kenzo Menswear Fall-Winter 2023-2024 show as part of Paris Fashion Week on January 20, 2023 in Paris, France. “I think that the people who criticize her actually don’t accept that she embodies France,” French activist Rokhaya Diallo told CNN. Politicians such as Le Pen hailed the legislation as an “ideological victory” whilst French health Minister, Aurelien Rousseau resigned in protest.

Persons: Aya Nakamura, Nakamura, Edith Piaf, Piaf, “, ”, I’m, Rachida, Kenzo, Pascal Le Segretain, Marion Maréchal, Marine Le, Rokhaya Diallo, ” Nakamura, ’, le, Geoffroy Van Der, Emanuel Macron, Nakamura “, Le Pen, Vincent Martigny, Thomas Samson, Marion Marechal, Emmanuel Dunand, Martigny, Diallo, Zinedine Zidane, ” Diallo, ‘, Oliver Roy, Reynaud Julien, Macron, Aurelien Rousseau Organizations: CNN, France’s, of Culture, Rally, Blacks, Rassemblement National, Getty, Olympic Aquatics, France Inter, Science, University of Nice, National Assembly, soccer team, Paris Olympic, Le, Palais des Sports, EUI, of Transnational Governance, Twitter, APS, France, BMFTV, RMC Locations: Mali, France, French, Paris, Bamako, Europe, ”, Geoffroy Van Der Hasselt, AFP, Rassemblement, Ukraine, North, Carhaix

Map: 4.8-Magnitude Earthquake Strikes New JerseyShake intensity The New York TimesA light, 4.8-magnitude earthquake struck in New Jersey on Friday, according to the United States Geological Survey. The quake was felt across the New York City metropolitan area, and from Philadelphia to Boston. Earthquakes Magnitude 4.5+ Others 1983 5.1 CANADA 1982 4.5 Vt. N.H. N.Y. Mass. Today’s earthquake Magnitude 4.8 Conn. Pa. 1964 4.5 1994 4.6 250-mile radius from New York City Md. Today’s earthquake Magnitude 4.8 Conn. R.I. Pa. 1964 4.5 1994 4.6 N.J. Md.

Persons: Lazaro Gamio Organizations: New York Times, United States Geological Survey, New, Maine CANADA, New York City Del Locations: New Jersey, New York City, Philadelphia, Boston, Whitehouse, N.J, N.H, N.Y, Pa, New York City Md, Del, Va, Maine, R.I, Md

☆ Great Lakes small businesses and ski areas pivot following a record warm winter
▼ + stars: | 2024-03-23 | by ( Whitney Wild | ) edition.cnn.com time to read: +6 min

All told, eight states experienced a record-warm season, including Wisconsin, Michigan, New York and Minnesota, plus North Dakota, Iowa, Vermont and New Hampshire. Instead of a winter wonderland, the past several months have offered tourists less snow, less ice aind less opportunity for some outdoor activities. According to the BEA, snow activities in states clustered around the Great Lakes add hundreds of millions of dollars to the region’s economy. For example, Wisconsin snow activities added $83.6 million in 2022, according to the BEA, and roughly $130 million in Michigan the same year. “The identity of the UP and especially Marquette is very much tied to the winter season and always has been.

Persons: Kelli, ”, –, “, Covid, I’ve, Tim Waltz, Susan Estler, ” Estler, Erin Hooley, Darlene Welch, Estler, Christopher Germain Christopher Germain, Germain, ” Germain Organizations: Chicago CNN, National Center for Environmental Information, US Drought Monitor, Small Business Administration, ”, Travel Marquette, CNN, BEA, Lake Superior Community Partnership Locations: Gwinn , Michigan, Marquette, Wisconsin , Michigan, New York, Minnesota, North Dakota , Iowa, Vermont, New Hampshire, Wisconsin, Michigan, Iowa, Michigan , Minnesota, Marquette , Michigan, Lake Michigan, Montrose Harbor, Chicago, Alaska, “, Estler

☆ Sydney Sweeney says she and 'Anyone But You' costar Glen Powell are actively looking for their next project together
▼ + stars: | 2024-03-15 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +3 min

"Anyone But You" costars Sydney Sweeney and Glen Powell are planning to work together again. Sweeney told Business Insider they're actively fielding different projects. AdvertisementRom-com fans, rejoice: Glen Powell and Sydney Sweeney are already looking for their next project together. Related stories"I love working with Glen," Sweeney told Business Insider. "I actually filmed 'Immaculate' first, and then the next week I started 'Anyone But You,'" Sweeney told BI.

Persons: Sydney Sweeney, Glen Powell, Sweeney, they're, —, Richard Gere, Julia Roberts, Gere, Roberts, Powell, Glen, we're, Jonathan Davino, Jason Guerrasio, Bea, Ben Organizations: Service, SXSW, TV Locations: Sydney

ASHTABULA, Ohio (AP) — Two Ohio women have been accused of driving the body of a deceased 80-year-old man to a bank to withdraw money from his account before dropping his body off at a hospital. Police said they were called Monday evening and told that two women had dropped off a body at the Ashtabula County Medical Center emergency room without identifying the person or themselves. A few hours later, one of them contacted the hospital with information on the deceased, who was then identified as 80-year-old Douglas Layman of Ashtabula. A message was sent to the county public defender's office seeking comment if the office was defending one or both. The coroner's office said an autopsy to determine the cause of Layman's death could take up to eight months.

Persons: Karen Casbohm, Loreen Bea Feralo, Douglas Layman, Layman, ”, “, Robert Stell, Stell, Mike Palinkas, WEWS, Palinkas, ” Palinkas, Casbohm, Feralo Organizations: Ashtabula Municipal, Police, Medical Center, Ashtabula Police Locations: ASHTABULA, Ohio, Ashtabula

☆ 10 reasons the Fed won't cut rates in 2024, according to a chief economist
▼ + stars: | 2024-03-01 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Apollo chief economist Torsten Slok laid out 10 reasons the Fed won't cut rates in 2024. AdvertisementAdd Apollo chief economist Torsten Slok to the growing chorus of people skeptical the US will see a rate cut this year. "As a result, the Fed will not cut rates this year, and rates are going to stay higher for longer." Underlying inflation trends are moving higher, not coolingBLS, Cleveland Fed, Atlanta Fed, Haver Analytics, Apollo Chief Economist3. RB of Atlanta, NFIB, Haver Analytics, Apollo Chief Economist.

Persons: Torsten Slok, Slok, —, Jerome Powell Organizations: Service, Bloomberg, Apollo, Cleveland Fed, Atlanta Fed, BEA, Haver, RB Locations: Atlanta, NFIB

☆ Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago
▼ + stars: | 2024-02-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates. The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month and 2.8% from a year ago, as expected according to the Dow Jones consensus estimate. The moves came amid an unexpected jump in personal income, which rose 1%, well above the forecast for 0.3%. January's price increases reflected an ongoing shift to services over goods as the economy normalizes from the Covid pandemic disruptions. Thursday's BEA report also showed that consumers are continuing to dip into savings as prices stay elevated.

Persons: Dow Jones Organizations: Federal Reserve, PCE, Commerce Department's, Treasury, BEA, Labor Department, Dow

☆ The US economy is crushing it compared to other rich countries
▼ + stars: | 2024-01-31 | by ( Phil Rosen | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

US recession calls are still on the table, but the economy is still outpacing other rich nations. US GDP grew at a surprise 3.3% rate in the fourth quarter, beating estimates for 2.0%. The trend has held steady over the last several years, with the US leading in economic growth since the pandemic. Among countries that use the euro, the combined GDP grew at a 0.1% annualized rate in the third quarter of 2023. US GDP growth reflected increases in consumer spending, state and local government spending, and exports, among other increases, according to the BEA.

Persons: —, Russell Price, That's Organizations: Service, OECD, BEA, International Monetary Fund, Fed Locations: Canada, Italy, Japan, United Kingdom, France, Germany

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