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The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.
Persons: we've, Lisa Su, , Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S
Trump’s allies are also publicly making their pitch for him to refocus his attention on the race. “You’ve always got to be assessing the state of the race, and I would like to see more offense from the Trump campaign. On a swing of battleground states last week, Harris and her new running mate were greeted by a groundswell of supporters at each stop. "This was a TRUMP idea — She has no ideas, she can only steal from me," Trump wrote on Truth Social. In an appearance on Real America’s Voice last week, Trump’s political director, James Blair, made the case that it is a state-by-state race.
Persons: Donald Trump, Kamala Harris, Trump, , ” Trump's, , Harris, Joe Biden's, Brian Kemp, Kevin McCarthy, “ You’ve, ” McCarthy, Tim Sheehy, Dan Eberhart, , Biden, ” Trump, outpacing Harris, ” Karoline Leavitt, Trump’s, Walz, David Lee, Chris Grant, James Blair Organizations: Republican, Trump, NBC News, Fox News, Montana, Democrat, , Mar, Biden, ABC, Harris, Privately, CNBC, Democratic, , Labor, MAGA Inc, Politico, Real America’s Voice Locations: Georgia, Bozeman, Asheville , North Carolina, Pennsylvania, Florida, Las Vegas, Arizona, Michigan , Wisconsin , Nevada, North Carolina
Eli Lilly on Thursday reported a home-run quarter fueled by sales of its blockbuster obesity and diabetes drugs, quieting any lingering investor concerns in the stock. Eli Lilly Why we own it: Eli Lilly's best-in-class drugs should enable growth above the industry average for many years to come. The report left little doubt that Eli Lilly's best days are ahead, driven by the growth of GLP-1s. It's really early" for Zepbound, Eli Lilly CEO David Ricks said in a CNBC interview Thursday. But the good news is Eli Lilly's multibillion dollar investments to expand manufacturing capacity are paying off.
Persons: Eli Lilly, Eli Lilly's, Zepbound, Jim Cramer, Lilly, David Ricks, It's, We're, Eli Lilly hasn't, Novo, spooked Lilly, Gordon Brooks, it's, Ricks, Brooks, Verzenio, , didn't, Jim Cramer's, Jim, George Frey Organizations: Revenue, LSEG, Novo Nordisk, Biogen, Merck, Pfizer, CNBC, Food and Drug Administration, Viking Therapeutics, Novo Nordisk —, FDA, RTP, Bloomberg, Getty Locations: Eisai, U.S, GLP, Roche, it's, Indianapolis, North Carolina, Europe, Germany, Provo , Utah
Why Jay Powell refuses to be bullied by Wall Street
  + stars: | 2024-08-08 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
The whole episode underscored a fundamental tension between the Fed, which is focused on economic stability, and Wall Street, which is focused on profit. The message from Powell and other policymakers is clear: We won’t be strong-armed by Wall Street. The BOJ’s deputy governor, Shinichi Uchida, citing volatility in financial markets, said the bank would not raise its policy interest rate as long as markets remain unstable. Powell (formerly in finance, hazel eyes, great ties) appears to have a real opportunity to Volcker it up even more in the coming weeks. That gives Wall Street plenty of time to sit in the corner and deal with its feelings.
Persons: CNN Business ’, Summer, Tim Walz’s, Jerome Hayden Powell, Here’s, Powell, , Powell’s, It’s, Paul Volcker fanboy, Shinichi Uchida, Mohamed El, , Volcker, quieting, Powell isn’t Organizations: CNN Business, New York CNN, Finance, Federal, Stock, CNBC, Wall, Bank of Japan, Bloomberg Locations: New York, FiDi, Powell, Japan
Highlights From the 2024 Paris Olympics
  + stars: | 2024-08-02 | by ( ) www.nytimes.com   time to read: +2 min
Highlights From the 2024 Paris Olympics Daniel Berehulak/The New York TimesSwimming, July 31 James Hill for The New York TimesBeach Volleyball, July 29 Gabriela Bhaskar for The New York TimesThe Paris Olympics promised to be memorable from the start: an opening ceremony and competitions on the River Seine; extensive security measures quieting a bustling city; the potential for equal gender representation among athletes for the first time. Through the disruptions and controversies, dreams realized and denied, photographers from The New York Times were there to capture the moments. Chang W. Lee/The New York TimesJames Hill for The New York TimesJames Hill for The New York TimesGabriela Bhaskar for The New York TimesTuesday, July 30A gold medal and merely making it to Paris are both worth celebrating. Chang W. Lee/The New York TimesGabriela Bhaskar for The New York TimesGabriela Bhaskar for The New York TimesDmitry Kostyukov for The New York TimesSaturday, July 27The opening ceremony flotilla docked, the athletes — and Celine Dion — dried off from the rain and the Games began. Gabriela Bhaskar for The New York TimesDaniel Berehulak/The New York Times
Persons: Daniel Berehulak, James Hill, Gabriela Bhaskar, The New York Times Daniel Berehulak, New York Times Gabriela Bhaskar, Chang W, Lee, New York Times James Hill, The New York Times James Hill, The New York Times Gabriela Bhaskar, The New York Times Dmitry Kostyukov, you’ve, The New York Times Chang W, Simone Biles’s, Celine Dion — Organizations: New York Times, The New York Times, Volleyball, Paris Olympics, Tokyo Games, Games, Rugby, New York Locations: Paris
Many hotels provide complimentary pajamas, slippers, and toiletriesAt some hotels in Japan I had access to as many toiletries as I needed. Anna HainesIn Japan, I'd usually also find a set of pajamas and slippers in the closet for guests to use. Even in big cities like Tokyo, garbage bins are almost completely absent from public spaces. Public spaces are incredibly quiet, creating a calm atmosphereEven shopping malls in Japan felt pretty quiet. As a result, public spaces in Japan maintain an air of tranquility that feels like a novelty compared to many public spaces in the United States.
Persons: , I'm, I've, Anna Haines, moisturizer, I'd, Derek Rose Organizations: Service, Business, Ritz, Carlton, I'm Locations: Tokyo, United States, Japan, New York City, Fukuoka, York City
A Debate Cheat Sheet for Business
  + stars: | 2024-06-27 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +3 min
Talking pointsAll eyes will be on CNN at 9 p.m. Eastern, when President Biden and Donald Trump face off in their first debate since 2020. Among the keenest watchers will be executives and investors looking for signs about how the candidates might handle the economy and business in a second term. There will be plenty to scrutinize in the 90-minute, audience-free debate, including what the candidates say and how they say it. What will Biden and Trump say about some of the key issues? In Thursday night’s debate, “markets probably care more about presentation than policy pledges,” Paul Donovan, an economist at UBS, wrote in a client note.
Persons: Biden, Donald Trump, Trump, ” David Bahnsen, DealBook, ” Paul Donovan, Elon Musk, There’s, J.D, Vance of, Doug Burgum, Marco Rubio Organizations: CNN, Bahnsen, UBS, Biden, Trump, Times, Gov Locations: Atlanta, Vance of Ohio, North Dakota, Marco Rubio of Florida
After a minute-long pause, she wrote, "Would you four girls want to walk me down the aisle and give me away to Bryan?" My mom made the announcement as my sisters and I were preparing our holiday meal. My sisters and I stood shell-shocked because although we knew this day would likely come, we still weren't prepared for the news. AdvertisementOver the years, Bryan made more effort to build a relationship with my sisters and me. My concerns about him began to waver, and I started to accept Bryan as my mom's "other half."
Persons: Bryan, I've, she'd Organizations: Service
AdvertisementIn 2021 — the year that the family was featured in the 16th season of "RHOC" — Max's then 14-year-old younger sister, Katerina (known as Kat), came out as a lesbian. The star told BI she asked the teen if she was OK with the exchange being aired on TV. He's in middle school, and he's got enough to deal with," she told BI. "You just have to create a safe and comfortable environment for them and just let them know that you care," she told BI. As for her own parents, Dubrow told BI that she "came from a very 1950s family," and matters like sex were pushed under the rug.
Persons: , Heather Dubrow, Maximilla, Max, I'd, Max's, Katerina, Kat, she'd, Dubrow, Lauren Miller, Nicholas, misgendering, Terry Dubrow, he's Organizations: Service, Housewives, Business, Instagram Locations: Orange County
The Navy's Virginia-Class: The best submarine of all timeThe Virginia-class attack submarine USS Virginia returns to Naval Submarine Base New London after her maiden six-month deployment. Given these and other variables, Virginia-class submarines are becoming increasingly critical to clandestine "intel" missions in high-risk areas. Virginia-class vs. Kilo-class submarinesFuture Virginia-class attack submarine PCU Idaho during a christening ceremony at General Dynamics Electric Boat shipyard facility in Groton, Connecticut. Attack submarines as "intel spy" submarinesThe Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp. This can increase the speed of maneuverability and an attack submarine's ability to quickly shift course, change speed, or alter depth positioning when faced with an attack.
Persons: , Steven Myers, John Narewski Block, Foster, Alexander Yachanin Organizations: Service, Pentagon, US Navy, Business, Naval Submarine Base, intel, General Dynamics Electric, Intelligence, Camp, Stanford University, Nuclear, Electronics, Brandon Holland, United States Submarine Force, Special Operations Forces, Tomahawk, Forces Locations: Navy's Virginia, Virginia, London, South Dakota, Idaho, Groton , Connecticut, Indiana, Beaufort, Los Angeles, The Virginia, Mississippi, Yokosuka
Ambassador to the United Nations Nikki Haley (L) and Former U.S. President and Republican presidential candidate Donald Trump, campaigning in New Hampshire on Jan. 23rd, 2024. Donald Trump on Saturday made it clear that former Republican presidential candidate Nikki Haley is not on his running mate shortlist, quieting rumors that his campaign had been considering her as an option. The comment came several hours after Axios reported that Haley was in the Trump campaign's vice president conversation, citing two anonymous sources. Haley's wealthy donor base could help Trump make up his fundraising problems, which are compounded by legal fees related to several ongoing lawsuits. "Now when I say that, that probably means that she's not going to be chosen as the vice president."
Persons: Nikki Haley, Donald Trump, Axios, Haley, Trump, Joe Biden's, Elise Stefanik, Sen, Tim Scott, Marco Rubio, Doug Burgum, Kristi Noem, Kim Jong, Trump's Organizations: U.S, United, Former U.S, Republican, Jan, Trump campaign's, Trump, GOP, North Dakota Gov, Doug Burgum . South Dakota Gov, North, Wisconsin Locations: New Hampshire, Doug Burgum ., North Korean
Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.
Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville
Eli Lilly 's raised guidance stole the show Tuesday, offsetting mixed first-quarter results and propelling shares higher by nearly 6%. Eli Lilly Why we own it: Eli Lilly's best-in-class drugs should enable growth above the industry average for many years to come. At their highs of the morning, shares of Eli Lilly traded above their all-time closing high of $792.28 set on March 4. In general, the more-bullish financial outlook helps make Eli Lilly's high price-to-earnings ratio coming into earnings more tolerable for investors. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.
Persons: Eli Lilly, Eli Lilly's, Lilly, Jim Cramer, Lilly's, Jim, Anat Ashkenazi, Zepbound, It's, Ashkenazi, Dave Ricks, donanemab, Jim Cramer's, Eli Lilly’s, Brendan McDermid Organizations: Revenue, LSEG, Novo Nordisk, Biogen, Merck, Pfizer, U.S, Drug Administration, Nexus Pharmaceuticals, CNBC, FDA Locations: Eisai, Zepbound, Trulicity, Wisconsin, New York City, U.S
What weight tells us about our health
  + stars: | 2024-01-17 | by ( Dr. Sanjay Gupta | ) edition.cnn.com   time to read: +12 min
(CNN) — If you’ve been paying attention to health news recently, you may have noticed a subtle but real shift in the way society discusses body weight. Beyond health care dollarsDespite changing attitudes about larger bodies, excess weight does carry a price. From a health care standpoint, it costs the country a lot of money. According to a study published in the journal The Lancet in 2020, 27% of total health care expenditures in 2016 — about $730.4 billion — could be attributed to “modifiable risk factors” for preventable health conditions like cardiovascular disease. That was eight years ago, when our total health care expenditure was $2.7 trillion, according to the study.
Persons: you’ve, We’re, Dr, Fatima Cody Stanford, , They’re, Adolphe Quetelet, Ancel Keys, , ” Stanford, Morgan, That’s, we’ll, Daniel Lieberman, who’ll, Oprah Organizations: CNN, American Medical Association, Massachusetts General Hospital, Harvard Medical School, National, bloodwork, Harvard Locations: Belgian
PHOENIX (AP) — Zack Wheeler delivered another postseason gem with seven shutdown innings, Bryce Harper, Kyle Schwarber and J.T. Realmulto homered and the Philadelphia Phillies beat the Arizona Diamondbacks 6-1 on Saturday night to take a 3-2 NL Championship Series lead. Political Cartoons View All 1211 ImagesRealmuto added a two-run homer in the eighth against Luis Frías for 6-1 lead. Umpires ruled Harper couldn’t have avoided the collision because Marte’s throw drew Moreno down the third-base line. RARE THEFTHarper’s steal of home was the first in Phillies’ postseason history and just the 22nd in MLB postseason history.
Persons: — Zack Wheeler, Bryce Harper, Kyle Schwarber, Realmulto, ” Schwarber, ” Bryson Stott, Harper, Gabriel Moreno, Zac Gallen, Schwarber’s, roughed, Gallen, Luis Frías, Wheeler, , Rob Thomson, Alek Thomas, Thomas, Schwarber, Moreno, Ketel Marte, Harper couldn’t, Houston's Jose Altuve, It’s, Randy Arozarena, Torey Lovullo, Pavin Smith, Tommy Pham, Smith, Chase, Michael Phelps, Aaron Nola, Merrill Kelly, ___ Organizations: PHOENIX, Philadelphia Phillies, Arizona Diamondbacks, Philadelphia, Chase, Phillies, ” Phillies, Diamondbacks, Umpires, MLB, Tampa, NEXT Locations: Philadelphia, Arizona, Phoenix
But the Type 094s, which carry China's most advanced submarine-launched JL-3 missile, are considered relatively noisy - a major handicap for military submarines. The paper notes that the Type 096 submarine will compare to state-of-the-art Russian submarines in terms of stealth, sensors and weapons. That puts construction on schedule to have the boats operational by 2030, the timeline stated in the Pentagon's annual reports on China's military. Even if China's submarine force reaches technological parity, it will need to train aggressively and intensively over the next decade to match AUKUS capabilities, he added. Vasily Kashin, a Moscow-based Chinese military scholar at HSE University, said it was possible Chinese engineers had made the breakthroughs described in the report.
Persons: Jason Lee, Christopher Carlson, Carlson, Collin Koh, Koh, Alexander Neill, Neill, Vasily Kashin, Kashin, Greg Torode, Guy Faulconbridge, Gerry Doyle Organizations: Liberation Army Navy, REUTERS, Research, U.S . Naval War College, China Maritime Studies, U.S . Navy, Pentagon, U.S, People's Liberation Army, PLA, Reuters, Rajaratnam, of International Studies, New Zealand, Hawaii's, HSE University, Thomson Locations: Qingdao, China, HONG KONG, Russian, Asia, Hainan, South China, United States, Britain, Russia, France, Singapore, Soviet, Australia, Southeast Asia, Japan, India, South Korea, New, U.S, British, Western Australia, Moscow, Soviet Union, Beijing
Australia is working with the US and UK to build nuclear-powered subs and other military technology. It can be intentional — for example, a foreign intelligence service spreading election conspiracies on social media — or unintentional, as when someone unwittingly shares the foreign intelligence service's social-media posts. Australian officials look at the Collins-class submarine HMAS Collins in September 2021. Those Australian intelligence officials echoed worries that US officials have about foreign efforts to compromise AUKUS. US intelligence officials estimate that Chinese espionage steals US economic secrets worth between $200 billion and $600 billion a year.
Persons: , Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Andrew Shearer, Mike Burgess, Burgess, CPOIS Damian Pawlenko, Azorian, PETER, Stavros Atlamazoglou Organizations: US, Service, Australia, British, Australian, Anadolu Agency, Getty, Australian National Intelligence, of National Intelligence, US Navy, Australian Security Intelligence, ASIO, FBI, Collins, Royal Australian Navy, intel, China Aviation, of State Security, Western, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Australia, France, China, Canberra, San Diego, Virginia, North Dakota, Canada , New Zealand, AUKUS, Soviet, Beijing
The partnership could be big for North Korea, and experts told Insider both sides would benefit while standing against the West. Both sides stand to gain, but a partnership could be a big win for North Korea. North Korea could also receive petroleum products and food, which, according to a United Nations Security Council meeting this past August, North Korea desperately needs as its people starve. A 2010 North Korean artillery strike on Yeonpyeong Island, for instance, saw an estimated 20 of 80 rounds fail to detonate. Although North Korean production efforts would likely need additional resources of raw materials and/or energy to be increase output in substantial quantities," Town told Insider.
Persons: Kim Jong, Vladimir Putin, Kim Jong Un, that's, Chun, Putin, he'd, Elizabeth Salmón, Kim prioritizes, Jenny Town, Henry L, Kim, Sergei Shoigu, John Kirby, it's, Joseph S, Bermudez Jr, Bermudez, Kim Il, KIM, It's Organizations: Service, North, Putin, BBC, South Korean Army, United Nations Security Council, UN, Stimson Center, Russian, White, DPRK, Ukraine, National Security, Democratic People's, Center for Strategic, International Studies, Korean, Getty, New York Times, North Korea Locations: Russia, North Korea, Ukraine, Korea, Wall, Silicon, Russian, Moscow, DPRK, Democratic People's Republic of Korea, Korean, Pyongyang, AFP, South Korea, Japan, North
Y Combinator's Demo Day used to be the hottest in-person early-stage event in Silicon Valley. For early-stage venture capitalists, few days on the calendar used to compare to Y Combinator's biannual Demo Day. "All of the funds try to go meet the best YC companies before Demo Day," the same investor told Insider. When asked about startups raising before Demo Day, Y Combinator president and CEO Garry Tan told Insider in an emailed statement that "lots of the best companies raise at Demo Day and after." "Coinbase, Instacart, Whatnot, Rappi, Airbyte, Retool — you could have gotten into their rounds at Demo Day.
Persons: It's, Erik Bruckner, Y, Garry Tan, it's, Bruckner, They're, Y Combinator, Jeff Weinstein, Combinator, Tan, haven't Organizations: YC, Bruckner Ventures, FJ Labs Locations: Silicon Valley, Columbus , Ohio
One of the underlying issues in the free speech debate is the unequal distribution of power. Frymer suggested that ultimatelyWe can’t consider free speech without at least some understanding of power. We can’t assume in all contexts that the truth will ever come out; unregulated speech does not mean free speech. The framing in the current debate over free speech and the First Amendment, Post contends, is dangerously off-kilter. Post makes the case that there is “a widespread tendency to conceptualize the problem as one of free speech.
Persons: Steven Pinker, Biden, , , Paul Frymer, Frymer, I’m, Robert C, Post Organizations: Harvard, Freedom, University, Republicans, Washington Post, Trump, Yale Locations: , Princeton
Gauff storms back, setting up Wozniacki clash at U.S. Open
  + stars: | 2023-09-02 | by ( ) www.reuters.com   time to read: +2 min
After some exchanges of breaks early in the second set Gauff seized the momentum for good when she broke for a 4-3 lead, pumping her arms and pointing to her ear when her backhand winner leveled the contest at a set apiece. The third set was all one-way traffic as Gauff's speedy defense, pinpoint serving and terrific play at the net overwhelmed former two-time quarterfinalist Mertens. "It's a matchup I never thought I'd have to play," Gauff said of former world number one Wozniacki, who retired in 2020 to start a family and returned to the game last month. "When she retired I remember saying that I wish I could have played her. "I don't know if it's a battle of generations," she said of the matchup between Gauff, 19, and the 33-year-old Dane.
Persons: Coco Gauff, Belgium's Elise Mertens, Shannon Stapleton, Elise Mertens, Caroline Wozniacki, Mertens, Arthur Ashe, Gauff, quarterfinalist Mertens, Wozniacki, Jennifer Brady, I'd, Dane, Rory Carroll, Gerry Doyle, Miral Organizations: U.S, Thomson Locations: Flushing Meadows , New York, United States, Belgian, Gauff's, Gauff, Los Angeles
Russia's Yasen-class submarines have long been seen as a tough challenge for the US Navy. A Russian shipbuilding official said that work is underway to arm them with Zircon hypersonic missiles. Russia's Yasen-class nuclear-powered cruise-missile submarines are quiet, difficult to track, heavily armed, and able to conduct attacks against land- and sea-based targets. The Russian Yasen-class submarines "are designed to deploy undetected within cruise-missile range of our coastlines to threaten critical infrastructure during an escalating crisis," the commander said a year later in congressional testimony. It may still be some time before Russia's Yasen-class submarines deploy with hypersonic weapons, but the Admiral Gorshkov set sail earlier this year on a deployment that took it into the Atlantic Ocean armed with Zircon hypersonic missiles.
Persons: Russia's, Alexei Rakhmanov, Dave Johnson, Lev Fedoseyev, Glen VanHerck, Gorshkov, Vladimir Putin, Gorshkov —, Putin, Zumwalt Organizations: US Navy, Service, United Shipbuilding Corporation, US, Naval, Systems, Getty, US Air Force, US Northern Command, North American Aerospace Defense Command, NATO, Russian Navy, Russian Defense Ministry Press Service, AP, Army, Navy, Ingalls Shipbuilding Locations: Wall, Silicon, Russian, Severomorsk, Russia, Barents, China, Virginia, San Diego, Pascagoula , Mississippi, Ingalls
The British Royal Navy is building a new class of nuclear-powered ballistic-missile submarines. The British subs will have the same missile compartment as the US Navy's new missile subs. At-sea deterrentThe Royal Navy submarine HMS Dreadnought in April 1963. The Royal Navy plans to commission HMS Dreadnought sometime in the early 2030s. In addition to being the largest British subs ever, the Dreadnought class will be one of the most expensive defense projects in British history.
Persons: SSPL, Royce, Christopher Furlong, King George VI ., Valiant, Warspite Organizations: British Royal Navy, British, Service, HMS, Dreadnought, Royal, Royal Navy, Ministry of Defense, Submarine, Agency, BAE Systems, Royce, Vanguard, UK, US, Trident, Columbia, CMC, US Navy's Trident, BAE, MoD Locations: Wall, Silicon, Britain, Faslane, US Navy Ohio, British, Barrow, Furness
Several free-standing Indian figures turn the show’s final gallery, teasingly titled “The Buddha Revealed,” into a kind of chapel. And it is visually clear that a page has turned, both in the exhibition’s narrative, and in the history of Buddhism itself. By the time the latest of these single-figure icons was made in the late fifth to sixth century C.E., the map of Buddhism was changing. If you didn’t know of this fate it would be hard to guess it from the glowingly vital, all but palpitating early Indian Buddhist art in the Met show. Tree & Serpent: Early Buddhist Art in India, 200 B.C.E.
Organizations: Metropolitan Museum of Art Locations: Southeast Asia, China, Japan, India, ., Islam, New, Art
The Fed's battle against inflation could have economic consequences well beyond US borders, according to a new World Bank report. Markets believe it is likely the Fed will pause interest rate hikes at its policy meeting next week. The central bank has raised interest rates 10 times in a little over a year, though inflation still remains above the 2% target. Hawkish tightening by the Fed can spillover to EMDEs, which could lead to higher domestic interest rates and currency depreciation exacerbating inflation. These findings come amid the World Bank's projection that the global economy is in a "precarious state" as rising interest rates decelerate consumer spending and business investment.
Persons: Organizations: Bank, Service, Committee, World Bank
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