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☆ Powell and the Fed won't be able to avoid talking about Trump forever
▼ + stars: | 2024-11-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Trump took a dim view of the Powell Fed during his first term in office, calling policymakers "boneheads" and once compared Powell to a golfer who couldn't putt. Powell, who was nominated by Trump in November 2017 and took office the following February, largely shrugged off the criticism then, and he again deflected Thursday. However, dealing with the ramifications of a Trump presidency will be almost unavoidable for the Fed leader. LaVorgna has a unique perspective on the situation, having served as chief economist for the National Economic Council under Trump. Trump historically has favored lower rates, though that too could change if the Fed cuts and inflation rises.

Persons: Jerome Powell, Kent Nishimura, Donald Trump, Trump, Powell, I'm, Joseph LaVorgna, LaVorgna, Lavorgna Organizations: Federal, Getty, firebrand Republican, Powell Fed, Trump, Fed, Nikko Securities, National Economic Council Locations: Washington, Washington , DC, stoke

With evolving workplace priorities, the Workforce Innovation board also predicted which new roles might emerge in the C-suite, including "chief transformation officer" and "chief experience officer." AdvertisementTim Paradis: We've seen new C-suite roles emerge in recent years, like chief AI officer and chief ethics officer. Then, while there is a "chief AI officer" role that's picking up, there is also a lot of focus on automation. Pittman: I think that a lot of these roles — whether it's chief diversity officer, chief risk officer, chief digital officer — are really about building new competencies that are not widely spread. AdvertisementThe number of companies naming chief transformation officers grew about 140% over the last couple of years.

Persons: Maggie Hulce, Julia Hood, Alicia Pittman, Neil Murray, that's, Kenon Chen, Anant Adya, everybody's, Justina Nixon, Saintil, We've, we've, Borgonovo, Tim Paradis, Nixon, It's, Pittman, Chen, isn't Organizations: Business, Workforce Innovation, Boston Consulting, Clear, Infosys, IBM, Saintil, Mastercard

☆ NASA chief and Democratic lawmakers urge investigation into reports of Musk-Putin conversations
▼ + stars: | 2024-10-27 | by ( Erin Snodgrass | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

The Wall Street Journal reported that Elon Musk and Vladimir Putin have shared secret calls since 2022. A former DoD analyst said that a relationship like this could pose national security concerns. Because of his work with the federal government via SpaceX, Musk holds a security clearance that gives him access to some classified information. "The security clearance adjudication process looks at several factors, and undue foreign influence is just one of those factors," Stransky, now a partner at Thompson Hine law firm, said. The existence of an ongoing Musk-Putin relationship would be further complicated by the billionaire tech leader's recent foray into US politics.

Persons: Elon Musk, Vladimir Putin, —, Bill Nelson, Musk, Putin, Nelson, Semafor, Adam Smith, aren't, Sen, Jeanne Shaheen, Smith, Shaheen, Dmitry Peskov, Steven Stransky, Thompson, Stansky, Robert English, Xi, Trump, he's, Tesla Organizations: Street Journal, Washington, Service, Democratic, SpaceX, Business, NASA, Department of Defense, House Armed Services Committee, Politico, Defense Department, New, New Hampshire Democrat, Senate Foreign Relations, Senate Armed Services Committee, DoD, National Reconnaissance Office, astronautics, Pentagon, Department of Homeland Security, National Security Council, Central, University of Southern, Trump Locations: New Hampshire, University of Southern California, Taiwan

☆ Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
▼ + stars: | 2024-10-19 | by ( ) www.cnbc.com time to read: +1 min

Iran's Supreme Leader Ayatollah Ali Khamenei said on Saturday the death of Hamas leader Yahya Sinwar will not halt the "Axis of Resistance" and that Hamas would live on. "His loss is undoubtedly painful for the Axis of Resistance, but this front did not cease advancing with the martyrdom of prominent figures," Khamenei said in a statement. The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria. The groups describe themselves as the resistance to Israel and U.S. influence in the Middle East. "As always, we will remain by the side of the sincere fighters and combatants, by God's grace and help," Khamenei said.

Persons: Ayatollah Ali Khamenei, Yahya Sinwar, Khamenei Organizations: Iran's, Lebanese Hezbollah Locations: Israel, Gaza, Lebanese, Yemen, Iraq, Syria, U.S

☆ Stocks making the biggest moves midday: First Solar, Tesla, CVS, TD Bank and more
▼ + stars: | 2024-10-10 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar's third-quarter report to disappoint. Tesla — The stock was little changed ahead of the electric vehicle maker's robotaxi event Thursday after the bell. Investors expect Tesla to announce a Cybercab robotaxi prototype alongside advancements in driver assistance features and artificial intelligence capabilities. CVS Health — The pharmacy chain's stock rose 1.8% following an upgrade at Barclays to overweight from equal weight. PayPal — The payments platform stock slipped 2.9% following a Bernstein downgrade to a market perform rating from outperform.

Persons: Jefferies, Stifel, Piper Sandler, Tesla, Bernstein, Harshita Rawat, Venmo, — CNBC's Lisa Han, Sean Conlon, Sarah Min, Hakyung Kim, Michelle Fox Organizations: Enphase Energy, Dominion Bank, Street Journal, GXO Logistics —, Bloomberg, Logistics, American, JPMorgan, CVS Health, Barclays, CVS, Genomics, PayPal Locations: Toronto, Canadian

☆ Taiwan's president is doubling down on sticking it to Beijing, saying China can't be the 'motherland' because its government is younger
▼ + stars: | 2024-10-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Lai Ching-te on Sunday said it's "impossible" that China would become Taiwan's "motherland." AdvertisementTaiwanese President Lai Ching-te on Sunday challenged the idea that mainland China is Taiwan's "motherland," saying the island's government is older than Beijing's. Meanwhile, the People's Republic of China, which governs mainland China from Beijing under leader Xi Jinping, celebrated its 75th birthday on October 1. Advertisement"Therefore, in terms of age, it is definitely impossible for the People's Republic of China to become the motherland of the people of the Republic of China," Lai said. "On the contrary, the Republic of China may actually be the motherland of the people over 75 years old in the People's Republic of China," Lai continued as his audience applauded and cheered.

Persons: Lai Ching, —, Lai, Xi Jinping, Mao Zedong's, Mao, Tsai Ing, Lai's, Tsai, it's Organizations: Service, Sunday, Democratic Progressive Party Locations: China, Beijing, Taiwan, Republic of, People's Republic of China, Republic of China, of China, Taipei, There's, —, Hong Kong, India, Southeast Asia, Washington

Iran vows revenge over Nasrallah's deathIsraeli forces killed Hassan Nasrallah, the leader of the militant and political group Hezbollah, in a large-scale attack in Beirut on Friday. Ukrainian President Volodymyr Zelenskyy visited the U.S. last week for meetings with Trump, President Joe Biden and Vice President Kamala Harris. The ride-or-die fans of historically bad White SoxSights, scenes and snacks at the Los Angeles Angels-vs.-Chicago White Sox game at Guaranteed Rate Field in Chicago on Tuesday. Akilah Townsend for NBC NewsWith Friday's loss, the Chicago White Sox broke the record for the most losses in a Major League Baseball season. Leading up to the historic 121st loss, NBC News spoke with loyal White Sox fans whose support has not wavered despite the team's bad season.

Persons: Hassan Nasrallah, Vahid, Benjamin Netanyahu, Nasrallah, Abbas Nilforoushan, Abbas Aragchi, Israel, Yemen’s Ras Issa, Helene, Hurricane Helene, Joe Biden, Roy Cooper, Sheriff Quentin Miller, Kamala Harris, Donald Trump, Harris, Joe Biden’s, Press Sen, Marco Rubio, Biden, Trump, ” Rubio, Kristen Welker, Volodymyr Zelenskyy, Eric Adams, Sarah McBride, Akilah Townsend, I'm, Lance Norton, Mori, Tom Carpenter, ”, Rashee Rice, Ashley Landis Organizations: Hezbollah, Israeli, Islamic Revolutionary Guard Corps, Iranian, U.S ., Israel Defense Forces, NBC, Sheriff, Tennessee Bureau of Investigation, ’, NBC News, Telemundo, CNBC, Democratic, NBC News ’, Party, Press, U.S, Trump, New York, Republicans, Sox, Los Angeles Angels, Chicago White Sox, Major League Baseball, 121st, White Sox, American Pet Products Association Locations: Beirut, Iran, Lebanon, U.S, Hurricane, Florida, North Carolina, Buncombe County, Tennessee, Austria, Russia, Ukraine, Chicago

☆ CEOs who insist workers return to the office are living in an 'echo chamber,' a future of work expert says
▼ + stars: | 2024-09-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

But CEOs are increasingly demanding workers be in the office five days a week. AdvertisementMost workers understood that the days of fully remote work ended with the pandemic and that they should show face in the office some of the time. This month Amazon CEO Andy Jassy announced that all corporate staff must be back in the office five days a week from 2025. Thos Robinson/Getty ImagesWorsening that echo chamber structure is the fact that CEOs are "largely white men," Schulte said. Public policy is another route that will play a role in the future of how we work, Schulte added.

Persons: Brigid Schulte, —, Andy Jassy, Jassy, Dell execs, Schulte, Thos Robinson, it's, COVID, that's, It's Organizations: BI, Service, Dell, KPMG US, KPMG, Getty, aha

☆ A European leader's top aide suggested his country wouldn't have resisted if Russia had invaded it
▼ + stars: | 2024-09-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

An aide to the Hungarian PM was criticized after suggesting Hungary wouldn't have resisted a Russian invasion. He referred back to a 1956 uprising in Budapest, which the Soviet Union brutally repressed. He said it was "irresponsible" to resist, citing the number of dead in the Ukraine war. He said this was because Hungary had tried and failed to resist the Soviet Union in 1956. Viktor Orbán is Russian President Vladimir Putin's closest ally in the European Union, a position that has put him strongly out of favor in the bloc.

Persons: Hungary wouldn't, —, Viktor Orbán, Balázs Orbán, Zelenskyy, Hungary —, Vladimir Putin's, Donald Trump, Putin, Trump Organizations: PM, Soviet Union, Service, Politico, European Union, Fidesz Locations: Hungary, Russian, Budapest, Ukraine, Hungarian, Soviet Union, Russia

☆ Trump says Zelenskyy insulted him; House GOP to probe Ukraine leader's PA trip
▼ + stars: | 2024-09-25 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

House Oversight Chair James Comer is opening an investigation into Ukrainian President Volodymyr Zelenskyy's Sunday visit to an ammunition factory in Scranton, Pennsylvania. The Republican investigation comes as the relationship between Zelenskyy and former president Donald Trump seems to sour. On Wednesday, Trump accused Zelenskyy of insulting him — Trump said the Ukrainian president was "making nasty little dispersions toward" him — and adding that he got along with Russian President Vladimir Putin "very well." Zelenskyy is in the United States to attend the UN General Assembly high-level week in New York, where he is meeting with world leaders. Trump was expected to meet with the Ukrainian President on Thursday at Trump Tower, but a Trump campaign official told NBC News Wednesday that the meeting was not happening.

Persons: James Comer, Volodymyr Zelenskyy's, Comer, Kamala Harris, Donald Trump, Trump, — Trump, Vladimir Putin, They're, Joe Biden, Harris, Zelenskyy, Ohio Sen, JD Vance, Vance, Josh Shapiro, Bob Casey, Matt Cartwright, Casey, Cartwright Organizations: Volodymyr Zelenskyy's Sunday, Republican, UN, Assembly, White, Ukrainian, Trump, NBC News Wednesday, New Yorker, General Dynamics, Defense Department, Pennsylvania Locations: Scranton , Pennsylvania, Zelenskyy, Ukrainian, Mint Hill, North Carolina, United States, New York, Ukraine, Russia, Scranton, Pennsylvania

"The two leaders will highlight a half century trajectory of UAE-U.S. partnership in trade, investment and security," the Emirati ambassador to Washington, Yousef al-Otaiba, posted on X ahead of the visit. Growing investment tiesTrillion-dollar relationshipThe United States and the UAE have a trade and investment partnership that spans more than five decades. In 2023, bilateral trade between the UAE and the U.S. was worth around $31.4 billion, with U.S. exports to the UAE exceeding $24.8 billion, according to the UAE Embassy in Washington, D.C. The UAE, which produces nearly 4% of the world's oil supply, also has investments in the United States that total $1 trillion. The UAE sovereign wealth funds including the Abu Dhabi Investment Authority and Mubadala are major investors in American real estate, infrastructure and technology sectors.

Persons: Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince, Abu, Hannah McKay, Sheikh Mohammed bin Zayed Al Nahyan's, Anwar Gargash, Sheikh Mohammed's, Joe Biden, Kamala Harris, Gargash, Yousef al Organizations: Downing, Getty, United Arab Emirates, Washington , D.C, U.S, UAE, UAE Embassy, Abu, Abu Dhabi Investment Authority Locations: Abu Dhabi, London, England, United States, Washington ,, Dubai, Gaza, UAE, Washington, U.S

☆ 'Glossing' at work is a form of toxic positivity, and it may be holding you back
▼ + stars: | 2024-09-19 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Read previewIf you have a tendency to say "everything's fine" at work and brush things under the rug, you might be "glossing." Glossing is a form of toxic positivity — in which people suppress and deny their negative emotions — and it could be holding you back. AdvertisementIt's not rocket scienceRinne said some signs of a glossing workforce are people not talking about tough issues at all or talking only behind their manager's back. If that's happening, leaders need to do some self-reflection, Rinne said, and ask themselves if they've been glossing. "You get more when people feel safe and feel engaged than if they're punching that clock and glossing for hours," Rinne said.

Persons: —, Leena Rinne, Rinne, don't, they've, it's, There's Organizations: Service, Business, People

☆ The US Navy is planning for possible war by 2027, when China expects it will be ready to invade Taiwan, US admiral says
▼ + stars: | 2024-09-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Related storiesFranchetti referenced that assessment again in her speech, saying that it's "what Chairman Xi told his forces, that they should be ready for war by 2027." Fears of a US-China war have further been stoked by Beijing turning more hostile in its territorial disputes with Japan and US allies in the South China Sea. "By 2027, the Navy will be more ready for sustained combat," she said. The admiral aims to have 80% of US naval forces ready to deploy and fight anytime. "We have learned a great deal about the future of war at sea," Franchetti said.

Persons: —, Lisa Franchetti, Franchetti, Xi Jinping, Xi, Joe Biden, It's, Yemen's Houthi, we've Organizations: Service, US Navy, Business, Naval War College, Democratic Progressive Party, Navy, Star, Pacific Fleet, Russia, Associated Press, 6th, Joint Chiefs, Staff Locations: China, Beijing, Taiwan, Rhode Island, People's Republic of China, Japan, South China, Russia, Iran, Republic of China, Washington, Ukraine

☆ Mark Zuckerberg's starry watch isn't just the price of a Cybertruck, it's another major step up in his style game
▼ + stars: | 2024-09-19 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewHere's the latest sign of Mark Zuckerberg's style evolution — a luxury watch depicting the Milky Way. Mark Zuckerberg spotted yesterday during the @AcquiredFM live wearing a DB25 Starry Varius in rose gold from De Bethune. 👀 pic.twitter.com/raZRTyzmAz — ZwapX (@zwapxofficial) September 11, 2024This is not the first premium watch Zuckerberg has been spotted wearing. "His recent style evolution, shown by a love for premium watches and subtle luxury, suggests a shift." To be sure, Zuckerberg's style evolution might have less to do with aesthetics and more to do with an intentional strategy to cultivate a relatable and attractive personal image.

Persons: —, Mark, De Bethune, Bryan Li, Mark Zuckerberg, De, 👀, ove Organizations: Service, De Bethune DB, Business, Swiss Locations: De Bethune, ife

☆ Putin warns NATO will be 'at war' with Russia if Ukraine gets long-range missile approval
▼ + stars: | 2024-09-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +5 min

President Vladimir Putin has warned Russia would be “at war” with the United States and its allies if they lift restrictions on Ukraine's use of long-range Western weapons. “We are not talking about allowing or not allowing the Ukrainian regime to strike Russia with these weapons,” Putin said Thursday in comments to propagandist Pavel Zarubin. Stefan Rousseau / WPA Pool via Getty Images"This will mean that NATO countries, the U.S. and European countries are at war with Russia," Putin said. Putin added that the Ukrainian army does not have the ability to program long-range missiles or the satellite data necessary for their targeting, relying on NATO military personnel for those tasks. It’s been pleading for that policy to change so it can strike military assets deeper inside Russia that are used to launch attacks on Ukrainian cities.

Persons: Vladimir Putin, ”, Kyiv —, Sir Keir Starmer, Joe Biden, ” Putin, Pavel Zarubin, ” Starmer, David Lammy, Stefan Rousseau, Putin, Vyacheslav Volodin, ” Volodin, “, Dmitry Peskov, ” Peskov, Oleg Palchyk, It’s, Antony Blinken, Biden, Starmer Organizations: NATO, Kyiv, British, U.S, Duma, Kremlin, West, Getty, U.S ., Congressional Ukraine Caucus, America, NBC News Locations: Russia, United States, Washington, Ukraine, “, U.S, Ukrainian, Kursk, Ukraine's, Pokrovsk, Sudzha, Kyiv, Israel, “ Russia, Moscow

☆ U.S. increasing military presence in Middle East after Hamas leader's killing
▼ + stars: | 2024-08-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +3 min

Defense Secretary Lloyd Austin on Friday ordered more destroyers and other military forces to the Middle East following this week’s assassination of Hamas’ political leader in Iran, the military said. The U.S. military statement does not specifically mention Haniyeh's killing. "The Department is also taking steps to increase our readiness to deploy additional land-based ballistic missile defense," the Pentagon statement said. Israel declared war against Hamas and its leaders after the Oct. 7 attacks launched from Gaza, which Hamas controls. Israel’s military has declared the Hamas leader in Gaza, Yahya Sinwar, a "dead man walking."

Persons: Lloyd Austin, Theodore Roosevelt —, Ismail Haniyeh, Sabrina Singh, Haniyeh, ”, Singh, Austin, Israel, Yahya Sinwar, Yoav Gallant, Benjamin Netanyahu Organizations: USS Lincoln, Department of Defense, Pentagon, Hamas, U.S . European Command, U.S . Central Command, USS, Israel, Defense Department Locations: Iran, —, U.S, Israel, Gaza, USS Lincoln, Lebanese

☆ Turkey blocks Instagram throughout country amid complaints of censorship of Hamas posts
▼ + stars: | 2024-08-02 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Turkey blocked access to Instagram for its 85 million people, the country's Information and Communication Technologies Authority announced Friday morning. According to Turkish media, there are more than 50 million users of the photo-sharing app in the country. Reports however suggest the ban was a response to the Meta -owned platform removing posts related to the death of Hamas leader Ismail Haniyeh. Iranian officials and Hamas blame Israel for what they say is an assassination, while Israel has declined to comment. Fahrettin Altun, head of Turkey's presidential communications and an aide to Turkish President Recep Tayip Erdogan, on Wednesday criticized Instagram, accusing it of censorship.

Persons: Instagram.com, Ismail Haniyeh, Haniyeh, Israel, Fahrettin Altun, Recep Tayip Erdogan, Instagram, Altun, Meta, Israel —, Erdogan Organizations: Communication Technologies, Turkey's Daily, CNBC, Turkish Locations: Turkey, Turkish, Turkey's, Turkey's Daily Sabah, Tehran, Israel, Gaza

☆ The US tried to secure Alexey Navalny's release in a historic prisoner swap with Russia before his death
▼ + stars: | 2024-08-01 | by ( Lloyd Lee | Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Several countries, including the US, carried out a major prisoner swap with Russia on Thursday. The US wanted Alexey Navalny, Putin's most vocal political dissident, to be part of the deal. The Wall Street Journal reported that Putin was open to the idea before Navalny's death in a Russian prison. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVladimir Putin was open to releasing Alexey Navalny, the Russian leader's fiercest critic and political rival whose unexpected death in an Arctic penal colony sparked international backlash, as part of Thursday's historic prisoner swap, according to The Wall Street Journal.

Persons: Alexey Navalny, Putin, —, Vladimir Putin, Evan Gershkovich, Paul Whelan, Alsu Kurmasheva, Vladimir Kara, Murza Organizations: Russia, Street Journal, Service, Wall Street Journal, Street, Washington Post, Business Locations: Russian, American

☆ Tesla is having trouble wooing new EV shoppers
▼ + stars: | 2024-07-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

That's bad news for Tesla, especially as a yearlong slowdown in EV demand is beginning to impact the EV leader's sales. That's off from 55% share a year ago and nearly 80% market share back in 2020, according to Experian data. AdvertisementThat leaves a potential opening for traditional automakers at a time when the EV market is getting tougher. That's already helped the brand chip away at Tesla's market share. And at Ford, EV sales were up 61% in the second quarter, trailing only Tesla in sales so far in 2023.

Persons: —, Tesla, Elon, Power, Frank Hanley, That's, Hanley Organizations: Service, JD Power, Business, Cox Automotive, EV, Chevrolet, Silverado, Ford

☆ Jon Stewart says Biden is becoming 'Trumpian' by insisting only God can get him to drop out of the 2024 race
▼ + stars: | 2024-07-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read preview"The Daily Show" host Jon Stewart has criticized President Joe Biden's recent posture toward calls for the leader to step aside, saying the latter's defense is turning "Trumpian." This story is available exclusively to Business Insider subscribers. Only God could tell me to get out of the race,'" Stewart continued. In recent weeks, Biden has come under scrutiny after a dismal showing in his first presidential debate of 2024 against Trump. AdvertisementRepresentatives for Biden's campaign and Stewart did not immediately respond to requests for comments sent outside regular business hours by Business Insider.

Persons: —, Jon Stewart, Joe Biden's, Stewart, Joe Biden, Donald Trump —, that's, Biden, Volodymyr Zelenskyy, Putin, Kamala Harris, Trump, George Stephanopoulos, Biden's, George Clooney, Barack Obama, Nancy Pelosi, Chuck Schumer Organizations: Service, Business, NATO, Biden, Trump, Democratic, Democratic House, Democrats, ABC News, Hollywood, The New York Times

☆ Treasury yields retreat as Fed Chair warns on keeping rates elevated for too long
▼ + stars: | 2024-07-10 | by ( April Roach | ) www.cnbc.com time to read: +1 min

The 10-year Treasury yield was one basis point lower at 4.2880%. The 2-year Treasury note yield was little changed at 4.6284%. U.S. Treasury bond yields were slightly down on Wednesday after Federal Reserve Chair Jerome Powell warned that keeping interest rates elevated for too long could stunt economic growth. Powell said Tuesday that the economy and labor market remain strong, despite some recent cooling. The CPI pint is seen as a key test for the market and the outlook for rate cuts.

Persons: Jerome Powell, Powell Organizations: U.S, Treasury, Capitol, Committee, House Financial

☆ Iran's new president may be a reformist, but change remains distant
▼ + stars: | 2024-07-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic's founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024. Fatemeh Bahrami | Anadolu | Getty ImagesIran on Friday elected its first "reformist" president in 20 years, signaling many voters' rejection of hardline conservative policies amid low turnout of just 49%, according to official figures. Iran's sole reformist candidate Masoud Pezeshkian and ultraconservative Saeed Jalili are set to go to runoffs after securing the highest number of votes in Iran's presidential election, the interior ministry said. "This is why many Iranians have lost hope in bringing about change through the ballot boxes and are boycotting elections." "The core structure of Iran's theocratic regime, where a Supreme Leader's authority eclipses that of any president, will remain steadfastly intact… In essence, Iran's theocracy is designed to resist meaningful change."

Persons: Masoud Pezeshkian, Ruhollah Khomeini, Fatemeh, Masoud, Ibrahim Raisi, Sina, Toossi, Massoud Pezeshkian, Majid Saeedi, Mohammad Khatami, Ayatollah Ali Khamenei, Nader Itayim, Khamenei, Itayim, Mohammad Bagher Ghalibaf, Amirhossein Ghazizadeh, Hashemi Alireza Zakani, Saeed Jalili, Mostafa Pourmohammadi, Iran's, ultraconservative Saeed Jalili, Atta Kenare, Ben Taleblu, Pezeshkhian, Mahsa Amini, Amini, Mahsa, Ozan Kose, Pezeshkian's Organizations: Anadolu, Getty, Center for International, CNBC, Guardian Council, Argus Media, Vehicles, Afp, Foundation for Defense of Democracies, AFP, for Human Rights, Trump Locations: Tehran, Iran, Afrasiabi, Islamic Republic, Mideast, Washington, Pezeshkian, Kurdish Iranian, Iranian, Istanbul

☆ North Koreans have a new fashion accessory — Kim Jong Un lapel pins. Here's what they mean for the supreme leader's legacy.
▼ + stars: | 2024-07-06 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewNorth Korean officials have been spotted wearing lapel pins featuring the image of the country's supreme leader, Kim Jong Un. A pin on a North Korean state cameraman showing Kim Il Sung and Kim Jong Il. While Kim Il Sung and Kim Jong Il have been immortalized by national holidays marking their birthdays, statues, and portraits across North Korea, relatively few images featuring Kim Jong Un have been found in public since he came to power in 2011. North Korea, Kim, and PutinNorth Korea was founded in 1948 under Kim Il Sung as the Democratic People's Republic of Korea. In recent years, the country's current leader, Kim Jong Un, has sought to develop increasingly strong ties with Russian President Vladimir Putin.

Persons: —, Kim Jong Un, Kim Il Sung, Kim Jong Il, Kim Jong Un's, Jorge Silva, Kim Jong, he's, Edward Howell, Howell, Kim, Peter Moody, Vladimir Putin Organizations: Service, Workers, Party, North, Associated Press, Business, REUTERS, Workers ' Party, Sungkyunkwan University, Telegraph, Putin, Democratic People's Locations: Korean, North Korea, Korea, Putin North Korea, Democratic People's Republic of Korea, South Korea, Moscow, Ukraine, Pyongyang

☆ Biden was losing the debate in the moments when he wasn't even talking
▼ + stars: | 2024-06-28 | by ( Matthew Loh | Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Read previewThe first presidential debate of 2024 did not go well for President Joe Biden. Despite a few jabs at Trump, Biden spent much of the debate slurring through sentences and, at times, sounding incoherent. AdvertisementBut the shortcomings of Biden's performance — which Business Insider's politics reporters called a "complete disaster" — went beyond his speaking segments. 'It wasn't the president's finest hour'When it was Trump's turn to speak, Biden sometimes looked toward the ground as though drifting from the conversation. "I don't think Biden's base can put a positive spin on his first debate performance," Falzon said.

Persons: —, Joe Biden, Donald Trump sparred, Biden, Trump, Paul Falzon, Falzon, Adriana Giotta, Giotta, TikTok, Biden Trump, Zers, Biden's, lauding, Donald J, Joe Organizations: Service, Trump, Business, Google, Biden Locations: Singapore

☆ China’s Chang’e-6 lunar probe returns with first-ever samples from far side of the moon
▼ + stars: | 2024-06-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The Chang'e-6 probe being successfully launched from China's Wenchang Spaceport in Wenchang, Hainan Province, China, on May 3, 2024. China's Chang'e-6 lunar probe returned to Earth on Tuesday, bringing back the first-ever samples from the unexplored far side of the moon. Chang'e-6 returned to Earth with soil collected from the South Pole-Aitken Basin — a massive crater in the lunar hemisphere that always faces away from Earth. In total, Chang'e-6 mission took 53 days from its May 3 departure from the Wenchang Space Launch Center in Hainan, an island off China's south coast. The far side of the moon was first captured in images in 1959 by the Soviet Luna 3 spacecraft.

Persons: China's, Xi Jinping, Soviet Union —, Neil Armstrong Organizations: China National Space Administration, Soviet Luna, Washington, NASA Locations: Wenchang, Hainan Province, China, Inner Mongolia, Chang'e, Hainan, Beijing, India, Soviet, U.S, Soviet Union, Cold

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