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☆ Justice Department to defend DEI policy that threatens to derail Boeing deal
▼ + stars: | 2024-10-24 | by ( Evan Perez | Hannah Rabinowitz | ) edition.cnn.com time to read: +4 min

O’Connor set a deadline of Friday for the administration to explain its use of so-called DEI policies in that program. The diversity language used in the Boeing criminal plea deal has been around since at least 2018 – during the Trump administration, according to a person familiar with the policy. Still, it has become a key holdup as O’Connor mulls whether to approve the plea deal. Now, the court battle playing out in Texas will decide whether to allow Boeing to plead guilty as part of a deal with the Justice Department to resolve a criminal investigation stemming from plane crashes that killed 346 people. The issue first arose at an October 11 hearing in Fort Worth, where O’Connor worked through the routine details of the plea deal before taking a sharp detour to ask why the Justice Department included DEI considerations in choosing a monitor.

Persons: Reed O’Connor, Trump, Biden, O’Connor, Sean Tonolli, interjecting, Tonolli, ” O’Connor, George W, Bush Organizations: CNN, The Justice, Boeing Co, Justice Department, Boeing, Department, DOJ, Democratic, Supreme Locations: Texas, Whites, Fort Worth

The UAE has shown it can “guarantee the safety and the security” of chips “if and when they are being deployed and used here,” Peng Xiao, CEO of UAE AI firm G42, told CNBC at a conference in Dubai on Tuesday. “I cannot read the mind of the U.S. policymakers, but in many ways, I understand their position,” Xiao told CNBC. “At the same time from our side, we've shown from the UAE side how transparent we are and how we can guarantee the safety and the security of this technology,” he added. The United States has previously warned over G42's ties to China and its work with companies in Beijing, which Washington considers a possible security threat. In February, the group sold its stake in Chinese companies including Bytedance in a bid to reassure American partners.

Persons: ” Peng Xiao, Joe Biden, “, ” Xiao, Kiril Evtimov, Evtimov Organizations: United, United Arab Emirates ’, CNBC, Nvidia, AMD, Bloomberg, “, Washington, Bytedance Locations: United Arab, U.S, Washington, UAE, Dubai, China, United States, Beijing

☆ What might come next as Hezbollah reels from Nasrallah’s killing and Israel mulls the possibility of a Lebanon ground incursion?
▼ + stars: | 2024-09-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Israel has warned that a “new era” of war was beginning with its “center of gravity” moving north, in a reference to the Lebanon border. Israel has raised the possibility of a ground incursion into Lebanon, which, if undertaken, would be the fourth Israeli invasion of the country in the past 50 years. Men rest on mattresses near the sea in Beirut, Lebanon, after being displaced by Israeli airstrikes on September 28, 2024. The US sees the possibility of a limited ground incursion into Lebanon as Israel moves forces to its northern border, CNN reported earlier, citing a senior administration official and a US official. But the officials stressed that Israel does not appear to have made a decision on whether to carry out a ground incursion.

Persons: Israel, Hassan Nasrallah, Nasrallah, Carl Court, Benjamin Netanyahu, Joe Biden, Peter Lerner, Hezbollah –, –, ”, Hanin Ghaddar, “, Baz Ratner, Jonathan Panikoff, Aaron David Miller, CNN’s Abbas Al Lawati, Mostafa Salem, Irene Nasser, Alex Stambaugh, Dana Karni Organizations: CNN, US, Israel Defense Forces, Hezbollah, Washington Institute, Israeli, United Nations, Saturday, Security Council, US State Department Middle Locations: Iran, Lebanon, Beirut, Israel, Gaza, ”, Beirut’s, United States, France, Safed

☆ Hezbollah mulls response after leader’s killing – but Israel’s next steps matter most
▼ + stars: | 2024-09-28 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +2 min

CNN —After Hezbollah confirmed the death of its leader Hassan Nasrallah in an Israeli strike, what – if anything – can it do next? So far, we have yet to see a barrage of rockets from Hezbollah that has caused significant (and known) damage to Israeli targets. But if it tries to project strength and fails, owing to Israeli interceptions, that will just compound its loss of face. It has shown an extraordinarily high threshold for pain over the past months and may have a longer view in hand. Yet most profoundly, it is Israel’s next steps that matter most.

Persons: CNN —, Hassan Nasrallah, Benjamin Netanyahu Organizations: CNN Locations: Israel, Iran

Adams allegedly committed 23 different “overt acts,” which include accepting free flights and hotel rooms and coordinating straw donations. In 2017, Adams allegedly accepted free business class tickets for three roundtrip international flights and a heavily discounted stay at a suite in the St. Regis Istanbul. Adams allegedly accepted over $123,000 worth of luxury travel benefits between 2016 and 2021, without disclosing any of it. “No one is above the law, including the Mayor of New York City,” Schumer said in a written statement Thursday. The indictment does not total the amount of matching public funds Adams allegedly received directly from the eight illegal straw donations.

Persons: Adams, ” Adams, ”, “, mulls, Kathy Hochul’s, Hochul, ” Hochul, Hakeem Jeffries, Chuck Schumer, ” Schumer, Jeffries, ” Jeffries, Adams ’, Bribery, Adams “ Organizations: CNN, Democrat, Prosecutors, ”, New York Gov, Lawyers, New York Democrats, New York, New, US, Office, Turkish Locations: York, St, Regis Istanbul, New York City, New, New York, ”

WASHINGTON — Congress is considering boosting funding for the Secret Service after what the FBI called an apparent second attempt on former President Donald Trump’s life in 10 weeks. "Nobody's going to want to deny the Secret Service the funding that it needs as long as it justifies it." And Sen. Tim Kaine of Virginia, the 2016 Democratic vice presidential nominee, agreed that both parties would be "very amenable" to any Secret Service funding request. Trump's Secret Service detail on Sunday thwarted what the FBI characterized as a second apparent assassination attempt on him while he was golfing at his club in West Palm Beach, Florida. “One thing I want to make clear, the Secret Service needs more help.

Persons: Donald Trump’s, they’re, protectees, Chuck Schumer, ” Sen, Susan Collins, Ron Rowe, Trump, Collins, Sen, Tommy Tuberville, Mike Johnson, Johnson, Ron Johnson, “ That’s, ”, Jack Reed, Tim Kaine, Ryan Wesley Routh, Routh, Joe Biden, God ”, Biden, Lindsey Graham, Graham, Richard Blumenthal, Conn, he’s, “ We’re Organizations: WASHINGTON, Service, FBI, Republican, Committee, Fox News, Trump, Homeland Security Committee, Secret, Homeland Security, Senate Armed Services, NBC News, Democratic, AK Locations: WASHINGTON —, Maine, Virginia, West Palm Beach , Florida

☆ Simone Biles says she ‘definitely’ sees herself as a mom someday
▼ + stars: | 2024-08-06 | by ( Scott Stump | ) www.nbcnews.com time to read: +2 min

Simone Biles is still plotting out her future after adding four Olympic medals in Paris to her unmatched legacy, but she definitely sees children on the horizon at some point. “Obviously, we both have goals that we want to achieve before we start a family.”Kotb asked Biles if she sees herself as a mom one day. Biles said that Owens still gets her flowers “weekly” — and in Paris, "TODAY" gifted her a “bouquet” of her favorite food: french fries. Simone Biles and Jonathan Owens in Houston, Texas, on Jan. 29. “He was so excited,” Biles said.

Persons: Simone Biles, Hoda, Jonathan Owens, what’s, “, Jonathan, ” Biles, ” Kotb, Biles, Owens, Carmen Mandato, Kotb, I’m, ” Owens, ”, he’s Organizations: Chicago Bears Locations: Paris, Houston , Texas, California, Los Angeles

Mr. Shapiro has said his views have evolved in the years since writing an opinion essay critical of Palestinians when he was a college student. Mr. Shapiro, 51, has embraced his Jewish identity and been one of the Democratic Party’s staunchest defenders of Israel at a moment when the party is splintered over the war in Gaza. “Something I wrote when I was 20, is that what you’re talking about?” Mr. Shapiro told a reporter who asked him about it. He has also not shied away from criticizing college administrators over their response to campus antisemitism, including at the University of Pennsylvania. If Ms. Harris chooses Mr. Shapiro to be her running mate, he will become only the second Jewish vice-presidential nominee on a major-party ticket.

Persons: Josh Shapiro, Shapiro, Kamala Harris, ”, “, ” Mr, Mr, ” Ahmet Tekelioglu, Shapiro’s, Manuel Bonder, Harris, Joseph I, Lieberman, Al Gore, Jon Hurdle, Katie Glueck Organizations: Democratic Party’s, University of Rochester, Campus Times, Israel, Israeli Army, Cheyney University of Pennsylvania, Philadelphia Inquirer, Islamic, University of Pennsylvania, Jewish Locations: Horsham, Pa, Pennsylvania, Israel, Gaza, New York, United States, “, Philadelphia, Connecticut

☆ Opinion | Why Are Democrats Speaking to America in Ancient Greek?
▼ + stars: | 2024-07-18 | by ( John Mcwhorter | ) www.nytimes.com time to read: +1 min

As the Democratic Party mulls how to respond to the rhetoric emerging from the Republican National Convention this week, I dearly hope it does not continue to describe Donald Trump as a threat to democracy. That’s not because I disagree with that assessment or even because Trump just survived a horrifying attempt on his life. It has a noble ring to it, but outside of a classroom or seminar, what does it mean, exactly? “Democracy” is built from Greek roots: The “demo” part means “people,” while the “cracy” part means “power.” That’s a vivid combination — if you know Ancient Greek. If Democrats want voters to understand how Trump threatens this ideal, instead of saying it in Greek, it would be more effective to speak English.

Persons: Donald Trump, Trump, “ Donald Trump, ”, “ Organizations: Democratic Party, Republican National Convention

☆ Fed Chair Powell talks up progress on inflation but says rate cuts not imminent yet
▼ + stars: | 2024-07-09 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

However, central bank officials still want to see more progress before cutting interest rates, he noted. “The most recent inflation readings, however, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%,” he added. Fed officials expect to cut interest rates just once this year, according to their latest economic projections in June, compared to the three cuts they forecast in March. The annual PCE inflation rate registered at 2.6% in June, down slightly from 2.7% in May. Fed officials and most economists don’t see a recession this year.

Persons: Jerome Powell, ” Powell, Powell, Inflation, John Williams, ” Seema Shah Organizations: Washington CNN, Inflation, Committee, Financial, ” New York Fed, Congress, Fed, Asset Management Locations: India, United States

☆ Late Night Mulls Biden’s Decision to Stay in the Race
▼ + stars: | 2024-07-09 | by ( Trish Bendix | ) www.nytimes.com time to read: 1 min

Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to watch comedy. Here are the 50 best movies on Netflix right now. Staying the CoursePresident Biden has doubled down on his decision to seek re-election, defying critics who want him to step aside after his poor showing in the first debate with Donald Trump. On Monday, Jimmy Fallon joked that if Biden refused to drop out, Democrats planned “to tie a bunch of balloons to the White House and hope he flies away like the old guy from ‘Up.’”

Persons: Biden, Donald Trump, Jimmy Fallon, ’ Organizations: Netflix, White

☆ US employers want more part-time workers. Here’s what that means
▼ + stars: | 2024-06-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

“So far, the labor market has adjusted slowly, and the unemployment rate has only edged up. The industries that were most likely to advertise part-time work as of May were beauty and wellness; personal care and home health; retail; food preparation and service; and sports, Indeed said. During the Great Recession from 2007 to 2009, part-time work rose sharply, according to research from the San Francisco Fed. “There was this rise in part-time work when the economy and the labor market were doing well coming out of the pandemic,” Culbertson told CNN. The US Labor Department releases June figures gauging the state of the labor market, including monthly job growth, wage gains and the unemployment rate.

Persons: Mary Daly, ” Daly, Daniel Culbertson, ” Culbertson, Alicia Wallace, Friday’s, Jerome Powell, John Williams Organizations: CNN Business, Bell, Washington CNN — Companies, Labor Department, Federal Reserve, San Francisco Fed, Commonwealth Club World Affairs of, CNN, Commerce Department, Commerce, P Global, Institute for Supply Management, European Central Bank, US Labor Department, Constellation Brands, Constellation Brands . New York Fed, US Commerce Department, New York Fed Locations: Washington, Commonwealth Club World Affairs of California, Constellation Brands .

☆ Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says
▼ + stars: | 2024-05-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday. "But this is not bringing us to a theory of decoupling of global trade, which would be a disaster for both parts of the decoupling," he said. "The characteristic of the EU economy is to be more open, more influenced by trade, and less by only internal consumption. This is the reason, the economic reason, why it is in the interest of the European Union to keep the doors of trade open." Meanwhile, several EU nations are nervous about potential Chinese retaliatory trade measures hitting important domestic industries, from German automotives to French cognac.

Persons: Paolo Gentiloni, CNBC's Silvia Amaro, Gentiloni Organizations: European, European Union, CNBC Locations: European Union, Europe, China, EVs, U.S, Russia, Ukraine

☆ Prosecution seeks to land Trump hush money case as Cohen cross-examination looms
▼ + stars: | 2024-05-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“This case is going to turn in large part on the cross-examination of Mr. Cohen. Cohen said that Trump told him: “Women are going to hate me. “This was all about the campaign.” Cohen also testified that Trump said he would not be on the market for long, implying he could get another wife quickly. Throughout his testimony, Cohen said he always kept Trump up to speed with his activities. “Everything required Mr. Trump’s sign-off,” he said, noting the Daniels payment was no exception.

Persons: CNN — “, Michael Cohen, Donald Trump’s, Cohen, Trump, ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Bernarda Villalona, “, Donald Trump, ”, “ Michael Cohen, David Schoen, ” Schoen, CNN’s Wolf, quagmire, Joe Biden, Judge Juan Merchan, Cohen –, –, Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, mulls, “ What’s, Stormy Daniels, Susan Hoffinger, Hoffinger, Daniels, Daniels ’, —, ” Cohen, smirked, Trump’s, ’, ‘, reimbursements Cohen, Allen Weisselberg Organizations: CNN, Prosecutors, Republican, NYU Law, Trump, New, New York Times, Judge, Alabama, GOP, Ohio Republican, Trump Organization, White House Locations: New York, Siena, York, Ohio

Here's what will likely be topics of discussion during Upfronts week, whether it's on stage, in the audience or in private. That dependsMedia companies just finished reporting quarterly earnings, which showed traditional TV is still lagging behind streaming and digital when it comes to ad revenue. Streaming advertising was up 22% across media companies, and now makes up 18% of total advertising. Tech companies including Snap , Roku , Google and Microsoft each saw digital advertising revenue make a comeback this past quarter. Streaming advertising revenue jumped 70%, but the overall number is much lower — just $175 million.

Persons: Kevin Mazur, David Zaslav, Tim Nollen, Mike Kemp, Bob Iger, YouTube's, Tom Hiddleston, Loki, Peacock, Hugh Johnston, Hulu —, NBCUniversal, LeBron James, Jevone Moore Organizations: Getty, Getty Images Media, Hollywood, Warner Bros, Discovery, Media, Upfronts, Macquarie, Tech, Google, Microsoft, Netflix, Disney, Amazon Prime, Amazon, National Football, YouTube, Nielsen, Comcast, Radio City Music Hall, ESPN, Madison, Warner Bros . Discovery, Max, Fox, Sports, NBA, Los Angeles Lakers, Los Angeles Clippers, Crypto.com Arena Locations: Waterloo, London, United Kingdom, U.S, New York City, Hulu, Los Angeles

☆ A wargame simulated a 2nd Trump presidency. It concluded NATO would collapse.
▼ + stars: | 2024-05-12 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

If Donald Trump wins a second term in the White House in November, NATO may fall apart, a recent wargame found. "What Donald Trump can do is just really hollow out what NATO does," Grimble told Business Insider. The UK has traditionally backed a transatlantic, America-Europe alliance rather than a purely European defense bloc. Yet in the game, it could neither persuade Trump to ease his demands, nor the European NATO members to spend more on defense. "Many NATO members — except for France mainly — thought post-Trump it could be salvageable," Grimble said.

Persons: Donald Trump, Trump, Finley Grimble, Grimble, John Bolton, —, SACEUR, Jens Stoltenberg, NICHOLAS KAMM, hadn't, I'm, Florian Gaertner, Russia doesn't, God's, Michael Peck Organizations: Service, House, NATO, EU, US, Business, US National Security, Allied, Europe, Washington, Nato, Getty, European Union, Joint Expeditionary Force, Northern, —, European NATO, Trump, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Russia, NATO, Ukraine, China, American, United States, Finland, Romania, Poland, Baltic, France, Germany, French, America, Italy, Estonia, British, Turkey, Baltic States, Ukraine stalemated, Moscow, Russian, Kyiv . Europe, Beijing, Taiwan, Japan, Australia, South Korea, Iran, Saudi Arabia, European, Forbes

In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTWarren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. The death of Munger last year brought the question of succession to the forefront of many investors' minds at this year's shareholders meeting. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. At the 2015 meeting, for example, he observed, "Warren, if people weren't so often wrong we wouldn't be so rich." Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.

Persons: Warren Buffett, David A, CNBC Warren Buffett, Charlie Munger, Munger, Buffett, Greg Abel, Ajit Jain, Berkshire Hathaway, he'd, Abel, Greg, CNBC Abel, that's, Munger's, Warren Organizations: Berkshire, Grogen, CNBC, Berkshire Hathaway, Berkshire Hathaway Energy, Oracle Locations: Omaha , Nebraska, mull, Berkshire, Omaha

Spokespeople for Paramount, Redstone's National Amusements, the special committee and Skydance declined to comment. Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. Paramount Global shares jumped more than 12% on the news that Sony and Apollo submitted a letter formalizing its interest, earlier reported by The New York Times and Wall Street Journal. A $26 billion offer for Paramount Global values the company higher than the company's current $22 billion enterprise value. Redstone could also argue she's more comfortable with pushing forward at Paramount Global without a sale.

Persons: Skydance, hasn't, David Ellison's Skydance, Shari Redstone, It's, Redstone's, Bob Bakish Organizations: Paramount, Sony, Apollo, Skydance, RedBird Capital, KKR, Sony Pictures, Apollo Global Management, Paramount Global, The New York Times, Wall Street Journal, Hollywood, Matrix Asset Advisors, Aspen Sky Trust, Redstone Locations: Apollo

☆ Far-right Israeli ministers urge Netanyahu not to accept ceasefire proposal
▼ + stars: | 2024-05-01 | by ( Benjamin Brown | Christian Edwards | ) edition.cnn.com time to read: +5 min

CNN —Israeli Prime Minister Benjamin Netanyahu is coming under fierce pressure from far-right members of his government not to agree to the ceasefire proposal currently on the table, which could prevent an Israeli military offensive in Rafah from moving forward. Relatives and supporters of Israeli hostages protest in Tel Aviv, Israel, April 27, 2024. Jack Guez/AFP/Getty ImagesFormer Israeli Prime Minister and opposition leader Yair Lapid hit back at Strook’s remarks. In the first phase, between 22 and 33 hostages are to be released over several weeks in exchange for the pause and the release of Palestinian prisoners. A woman looks at a wall of photos of hostages captured by Hamas on October 7, displayed in Tel Aviv.

Persons: Benjamin Netanyahu, Antony Blinken, Biden, Benjamin Netanyahu’s, Orit Strook, Strook’s, Netanyahu mulls, Bezalel Smotrich, ”, Netanyahu, Jack Guez, Yair Lapid, “, Benny Gantz, Gantz, ” Strook, Amir Levy, Blinken, Jordan, “ We’re, ” Blinken, Isaac Herzog, wouldn’t, Herzog, Joe Biden Organizations: CNN, Israeli, Israel’s Army, Hamas, Getty Locations: Rafah, Egypt, Gaza, Israel, Tel Aviv, AFP, “, Saudi Arabia

☆ New York Stock Exchange mulls 24-hour trading — a move Steve Cohen may welcome
▼ + stars: | 2024-04-22 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The New York Stock Exchange is considering going 24/7, the FT reported. The exchange polled market participants about the merits of round-the-clock trading, per the outlet. Meanwhile, a Steve Cohen-backed startup is seeking SEC approval for a 24-hour exchange. AdvertisementIn a move that may be appropriate for the city that doesn't sleep, as the song goes, the New York Stock Exchange is mulling whether trading should take place around the clock. The Financial Times reported on Monday that the NYSE's data analytics team had polled market participants about the merits of being open 24 hours a day.

Persons: Steve Cohen, — Organizations: New York Stock Exchange, SEC, Service, Financial Times, Treasury, Business

☆ Red Lobster, home of the endless shrimp, mulls bankruptcy after spoiling its customers with all-you-can-eat lobster: report
▼ + stars: | 2024-04-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

It may be the end of the line for the seafood chain Red Lobster, per Bloomberg. AdvertisementSeafood chain Red Lobster is considering filing for bankruptcy, Bloomberg reported Wednesday. According to the outlet, Red Lobster is being advised by the law firm King & Spalding. Red Lobster and King & Spalding did not respond to Bloomberg's requests for comment. Representatives for Red Lobster and King & Spalding did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Spalding, Red Lobster's, Ludovic Garnier, servings, Ian Borden, Borden Organizations: Bloomberg, Service, King, Spalding, Thai Union Group —, Golden Corral, Business Insider Locations: Maine

☆ Iran's unprecedented attack on Israel has pushed the region to the edge — but not past the point of no return yet, analyst says
▼ + stars: | 2024-04-14 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Read previewIsraeli Prime Minister Benjamin Netanyahu must weigh up the implications of escalating the conflict in the Middle East as he mulls Israel's response to Iran's attack, experts say. And depending on how Israel and Iran move forward, the countries may risk taking their yearslong shadow war into an open, regional conflict. AdvertisementAn anti-missile system operates after Iran launched drones and missiles toward Israel, as seen from Ashkelon, Israel April 14, 2024. "At no point previously had Iran directly struck Israel in a way that violated its sovereignty, meaning directly on Israeli soil. Iran has since warned Israel and its allies against a counterstrike, saying it would launch an even larger attack if they retaliated.

Persons: —, Benjamin Netanyahu, Ali Khamenei, Michael Horowitz, Zonszein, Israel, Amir Cohen, Reuters Shashank Joshi, Netanyahu, Yoav Gallant, Benny Gantz, Gantz, Joe Biden, Arbit, Jordan Organizations: Service, Business, Islamic Revolutionary Guard Corps, Iran's, International Crisis, Reuters, LBC, Atlantic Council, CNN Locations: Jordanian, Iran, Iranian, Damascus, Israel, Ashkelon, Republic

☆ Israel mulls response to unprecedented Iranian attack as West urges Netanyahu to avert all-out war
▼ + stars: | 2024-04-14 | by ( Rob Picheta | ) edition.cnn.com time to read: +6 min

Together we shall win.”Israel will respond to Iran’s attack, but the scope of that attack has yet to be decided, an Israeli official told CNN on Sunday. The official said Israel is yet to determine whether to try and “break all the dishes” or do something more measured. Israel and Iran have long been rivals, but tensions escalated in the wake of Hamas’ attacks on Israel, which left about 1,200 people dead. Iranian ballistic missiles that reached Israel fell on the airbase located in southern Israel, and caused only light structural damage, Israel Defense Forces (IDF) spokesperson Daniel Hagari said. Iran had vowed to retaliate after accusing Israel of bombing its diplomatic complex in Syria earlier this month.

Persons: CNN —, Yoav Gallant –, ” Gallant, Benjamin Netanyahu, “, ”, Netanyahu, Hossein, Bagheri, Daniel Hagari, Israel “, Joe Biden, Biden, Yoav Gallant, Getty Images Biden, Israel, Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Donald Trump, IRGC, Qassem Soleimani Organizations: CNN, –, Sunday, Hamas, Islamic, Islamic Revolutionary Guard Corps, TV, of Iran’s Armed Forces, Israel Defense Forces, Israel, White, Israeli, Ministry of Defense, Getty Images, United, Emirates, Revolutionary Guards Locations: Iran, ” Israel, Israel, Gaza, Syria, France, Islamic Republic, Damascus, Iranian, Western, Anadolu, East, Saudi Arabia, Qatar, Baghdad

The quarterly decline followed a 0.1% fall in the previous three-month period and highlights how the economy has been hobbled by high interest rates that have been raised to reduce inflation. A recession is officially defined as two straight quarters of economic decline. Being in recession is hardly the ideal backdrop for Prime Minister Rishi Sunak as he mulls when to call the election. Higher interest rates help cool the economy by making it more expensive to borrow, thereby bearing down on spending. Though interest rates appear to have peaked, the central bank has expressed caution about cutting interest rates too soon as lower borrowing rates may bolster spending and put renewed upward pressure on prices.

Persons: Rishi Sunak, Jeremy Hunt, ”, Hunt, Rachel Reeves, James Smith Organizations: Conservative Party, National Statistics, Labour Party . Treasury, Treasury, Labour, Conservatives, Bank of England Locations: Britain

☆ Americans are feeling the most optimistic about the mortgage market since the Fed started hiking rates
▼ + stars: | 2024-02-07 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

A Fannie Mae survey released Wednesday found that optimism around mortgage rates has hit a two-year high. "Mortgage rate optimism increased markedly again in January, with a survey-high percentage of consumers anticipating mortgage rate declines over the next year," Doug Duncan, Fannie Mae's chief economist, said. The slide arrives as the Fed mulls cutting interest rates in 2024 as inflation continues to decline. A previous report showed that Fannie Mae now expects mortgage rates to dip below 6% this year, a revision of their earlier forecast. According to Fannie Mae, 82% of consumers indicated in January that they are not concerned about losing their job in the next year, up from 75% last month.

Persons: —, Fannie Mae, Doug Duncan, Fannie Mae's, Freddie Mac, it's, Duncan, Fannie Organizations: Service, Federal Reserve, Business Locations: Fannie Mae's

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