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March 8 (Reuters) - A federal judge in Florida on Wednesday agreed with the state's Republican attorney general that the policy of President Joe Biden's administration to release many people who illegally cross the U.S.-Mexican border rather than detaining them violates U.S. immigration law. Republican critics have called the policy "catch and release." The judge agreed with the argument made by Florida Attorney General Ashley Moody, who challenged the policy. Moody sued DHS in 2021, claiming its policy, officially known as Parole Plus Alternative to Detention, violates a U.S. law called the Immigration and Nationality Act. Federal immigration law allows DHS to "parole" migrants rather than detaining them "on a case-by-case basis for urgent humanitarian reasons or significant public benefit."

☆ We tried a 4-day workweek for 6 months. Here's what we had to do to make it work and why we landed on something different.
▼ + stars: | 2023-03-07 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

During the pilot, it went from 40 hours a week over five days to 32 over four days. The staff would work eight hours a day but only four days a week. On the senior-leadership team, we were used to handing over work, but for the creative team, it was harder to work across several briefs. Apart from that, working hours are fully flexible — and our office is still hybrid. Our working pattern might not work for larger organizations, and we might have to be more prescriptive about people's working hours if we grow.

Analysts have gradually raised their forecasts for where the key rate will end this year, to 7.5% from 7.13% in the previous poll. "High budget spending is the key issue," said Anton Tabakh, Chief Economist at RA Expert, who expected the upsurge in inflation at the beginning of the year due to higher budget spending to be contained. "But at the same time, there will be a preventative rate increase and, accordingly, we see the key rate at 7.5% in December, from 8%-8.25% in the middle of the year." Tabakh also said that all risks were higher and the level of uncertainty elevated. Inflation expectations, an indicator to which the central bank pays close attention ahead of meetings, rose to 12.2% in February.

☆ Take Five: Strap in for no landing
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +5 min

1/ FED VS STOCKSReports on U.S. durable goods orders, home prices as well as manufacturing and consumer confidence threaten to cement expectations of more Fed rate hikes and to deal a knockout punch to the early-year stocks rally. Evidence of a stronger-than-expected economy has forced investors to recalibrate projections for Fed hawkishness, lifting bond yields and weighing on stock gains. Tuesday's consumer confidence data may be of particular interest, offering a glimpse into households' views on economic prospects and inflation expectations. The idea of "no landing," which upends a host of popular trades based on a the scenario of the global economy entering recession is gaining traction thanks to surprisingly upbeat data. A soft landing could still happen.

☆ Inflation takes a back seat to earnings next week as stocks look to bounce back
▼ + stars: | 2023-02-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +7 min

The latest Fed projection for the so-called terminal rate — the level where the rate hikes stop — was just over 5%. Before this past week, those intraday levels hadn't been seen since November 2022. ET: ISM Services Looking back January's hot reading on core PCE on Friday was the most influential economic number of the past week. In Club earnings this past week, Nvidia (NVDA) was certainly the highlight. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Arsenal edge ahead again in title race as Man United join the party
▼ + stars: | 2023-02-20 | by ( Peter Hall | ) www.reuters.com time to read: +3 min

And to make City's title defence all the more difficult, rivals Manchester United are not going away either. In 2018-19 and 2020-21, 15 game winning streaks in each season, which began mid-campaign, helped steer City onto league title glory. It was a big effort to play less than 72 hours ago after the (City) game that we had, and after the result that we had which obviously morally was touching." However, as Liverpool have disappointed and sit eighth in the standings, United have joined Arsenal in enjoying a turnaround in fortunes much quicker than anyone expected. United finished with their lowest-ever Premier League points tally last term, with a disjointed squad looking a long way from title contenders.

☆ Twitter suffers 'massive outage' under Elon Musk leaving users unable to tweet, message and more
▼ + stars: | 2023-02-09 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Twitter users on Wednesday were suddenly unable to tweet, direct message, or use other features. The ability to tweet, retweet, quote tweet and direct message on Twitter, each core functions of the platform, stopped for many users on Wednesday. By Wednesday afternoon Pacific Time, tweeting and likes were functioning again for many users, while the ability to direct message and retweet was still out. Fortune reported that Musk message earlier on Wednesday. A former Twitter executive previously told Insider how Twitter was likely to degrade over time, not simply implode all at once.

☆ North Korea's Kim lauds army ahead of expected military parade
▼ + stars: | 2023-02-08 | by ( Josh Smith | ) www.reuters.com time to read: +3 min

[1/5] North Korean leader Kim Jong Un, his wife Ri Sol Ju and their daughter Kim Ju Ae attend a banquet to celebrate the 75th anniversary of the Korean People's Army the following day, in Pyongyang, North Korea February 7, 2023 in this photo released February 8, 2023 by North Korea's Korean Central News Agency (KCNA). KCNA via REUTERSSEOUL, Feb 8 (Reuters) - North Korean leader Kim Jong Un called for strengthening the country's military, state media reported on Wednesday, as he paid tribute to soldiers and met with troops amid expectations for a major military parade showcasing the latest weapons. According to international analysts, commercial satellite imagery has for months shown North Korean troops practicing for a major military parade that is expected this week. Despite United Nations Security Council resolutions and sanctions, North Korea has forged ahead with banned nuclear weapons and ballistic missile development. South Korea and the United States have stepped up their own military drills to counter the North, drawing condemnation from Pyongyang.

☆ Earnings playbook: Your best moves ahead of Chipotle, Disney and the second half of reporting season
▼ + stars: | 2023-02-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Roughly 50% of S & P 500 companies have posted earnings thus far, and the results have been mixed. Tuesday Chipotle Mexican Grill is set to report earnings after the bell, followed by a conference call at 4:30 p.m. What history shows: Data from Bespoke Investment Group shows Chipotle beats earnings expectations 76% of the time and averages a 1.7% gain on earnings day. What history shows: Bespoke data shows Disney beats earnings per share estimates nearly 80% of the time. What history shows: PayPal earnings have beaten analyst earnings expectations nine of the last 10 quarter, according to FactSet.

☆ Biden moves to slash U.S. credit card fees, app charges
▼ + stars: | 2023-02-01 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year. However, regulations are frequently subject to challenge and litigation by industry groups that can block or delay them. The White House said the Transportation Department on Wednesday will propose regulations to bar airlines from charging family members to be seated next to children age 13 or younger. The department will disclose on a government dashboard which airlines do not charge such fees. Reporting by Douglas Gillison and David Shepardson; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Britain hit by biggest strike in more than a decade with schools shut and rail networks disrupted
▼ + stars: | 2023-02-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Such widespread strike action has not taken place since a dispute over public sector pay in 2011, when more than a million workers are estimated to have taken industrial action. watch nowDemands vary by union but include inflation-beating pay rises, including to redress historic real-terms pay falls; pensions reform; and no cuts in redundancy terms. Postal workers have also been on strike, and firefighters have voted for future strike action. Average pay excluding bonuses rose by 2.7% in the public sector between August and October, as inflation rose above 10%. That compared with a 6.9% pay increase in the private sector, according to national statistics.

☆ Breakingviews: Bottling U.S. inflation could cost workers dearly
▼ + stars: | 2023-02-01 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, Feb 1 (Reuters Breakingviews) - The Federal Reserve is being relentless in its quest to bring inflation down to 2%, from its latest reading of 5%. Given the vagaries of inflation psychology, it’s not clear the Fed is justified in being so single-minded. By the officials’ own forecasts, the inflation fight will hurt hundreds of thousands of workers. And Americans routinely overestimate how high inflation will run in the next year, according to the New York Fed, typically expecting around 3%. Projections published by the central bank at the December meeting showed inflation returning to 2% in 2025.

☆ Bottling U.S. inflation could cost workers dearly
▼ + stars: | 2023-02-01 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

Given the vagaries of inflation psychology, it’s not clear the Fed is justified in being so single-minded. By the officials’ own forecasts, the inflation fight will hurt hundreds of thousands of workers. Projections published after the Fed’s December meeting suggest the view that by the time inflation returns to 2% in 2025, unemployment will have risen to 4%, from 3.5% in December. And Americans routinely overestimate how high inflation will run in the next year, according to the New York Fed, typically expecting around 3%. Projections published by the central bank at the December meeting showed inflation returning to 2% in 2025.

☆ Earnings playbook: Apple and Google-parent Alphabet lead the busiest week of reports
▼ + stars: | 2023-01-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +14 min

Tuesday General Motors is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 85% of the time. McDonald's is set to report earnings before the bell, with company leadership set to hold a call 8:30 a.m. What history shows: Qualcomm has either beaten or matched analysts' earnings expectations in the last 32 quarters, according to FactSet. Alphabet is set to report earnings after the close, followed by a conference call at 4:30 p.m.

☆ 18 children injured in blaze at NYC basement daycare
▼ + stars: | 2023-01-26 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Eighteen children were injured after a fire erupted Wednesday afternoon at a daycare center located in the basement of a home in the Queens borough of New York City, fire officials said. The New York City Fire Department received a call after 2 p.m. Wednesday and found a “heavy fire" at a residence around 72nd and 147th Street. The fire department said a total of 18 pediatric patients were removed from the building, one was in critical condition and hospitalized. @FDNY / InstagramThe fire was under control about 40 minutes after firefighters arrived and was confined to the basement. The NYC Department of Buildings said that inspectors observed two commercial businesses, a daycare and a dental lab, operating in the basement of the two-story, single-family home.

☆ Ukraine Pushes Back Russian Forces in East
▼ + stars: | 2023-01-25 | by ( Jared Malsin | ) www.wsj.com time to read: 1 min

Ukrainian forces repelled Russian attempts to advance in the country’s east, the country’s military said, while air-raid sirens across the country raised fears of possible Russian missile attacks. Sirens wailed across Ukraine just after 9 a.m. Wednesday, including in the capital, Kyiv. In some regions, officials issued air raid alerts again in the afternoon. The Ukrainian military warned of a “high threat” of Russian air and missile attacks.

☆ Earnings playbook: What investors can expect out of Tesla, Microsoft and Boeing
▼ + stars: | 2023-01-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +11 min

Tuesday Johnson & Johnson is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Johnson & Johnson has beaten earnings expectations 95% of the time, according to Bespoke Investment Group. Wednesday Boeing is set to report earnings before the bell, followed by a call with analysts at 10:30 a.m. What history shows: FactSet data shows Boeing has posted a greater-than-expected loss in the last five quarters. Tesla is set to report earnings after the close, with management set to hold a call at 5:30 p.m.

☆ January Monthly Meeting: Cramer shares his outlook for 2023 and why he's more optimistic than most
▼ + stars: | 2023-01-19 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

The stock market rally that kicked off 2023 has run into a brick wall over the past two days. We never thought the turn of the calendar from last year's train wreck would leave all our problems behind. However, Jim Cramer said during the Club's January "Monthly Meeting" on Thursday, that he's more optimistic about the year ahead than many strategists. The past two days aside, tech started 2023 as a bright spot as many investors thought that the sector's suffering made it a good place to get back in. Wednesday's decline ended the Nasdaq's seven-session winning streak, a run we never thought was real.

☆ Utility company executives acquitted of negligence in Fukushima nuclear disaster
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: +4 min

The Fukushima Dai-ichi Nuclear Power plant after a massive earthquake and subsequent tsunami on March 14, 2011 in Futaba, Japan. DigitalGlobe | Getty ImagesA Japanese court on Wednesday found three former utility company executives not guilty of negligence over the 2011 Fukushima nuclear power plant disaster and the subsequent deaths of more than 40 elderly residents during their forced evacuation. watch nowThe acquittal disappointed and angered dozens of Fukushima residents and their supporters who attended the ruling or rallied outside the court. It's so irresponsible," said Yuichi Kaido, a lawyer representing the Fukushima residents. The Supreme Court in June, however, said the disaster was unforeseeable and dismissed compensation demands by thousands of residents.

☆ Jim Cramer's top 10 things to watch in the market Thursday: Sell-off Day 2, P&G outlook raise
▼ + stars: | 2023-01-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Procter & Gamble (PG): earnings-per-share in fiscal second quarter of 2023 of $1.59 matches estimates; revenue of $20.77 billion slightly beats. Club holding Apple (AAPL) has been holding in at roughly 22x forward earnings estimates compared to the S & P 500's 17.5x multiple. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Amazon is breaking the law by putting warehouse workers at risk for back and joint injuries, federal regulators say in new citations
▼ + stars: | 2023-01-18 | by ( Katherine Long | ) www.businessinsider.com time to read: +7 min

Federal safety regulators fined Amazon $60,269 for putting workers at risk for back, joint injuries. Injuries linked to the "high frequency" of "repetitive tasks" at Amazon warehouses, regulators said. The citations are the latest in a series of regulatory actions targeting Amazon's warehouse injuries. Workers at Amazon warehouses are four times as likely to suffer such injuries as workers in non-Amazon warehouses, a review of Washington state workers' compensation data showed. Federal safety inspectors with the Occupational Safety and Health Administration cited three Amazon warehouses, in Florida, Illinois and New York.

A Texas man allegedly admitted to authorities that he murdered and mutilated his wife, according to a news release published by the Waller County Sheriff's Office. The Waller County Sheriff's Office responded to a call about a possible death at a southeast Texas home about an hour away from Houston around 4:35 p.m. Wednesday. "During my short time with them, they were a very nice young couple," he wrote. The Waller County Sheriff's Office and District Attorney's Office are investigating the murder. The district attorney's office did not immediately respond to requests for comment.

☆ One woman describes the chaos aboard the Amtrak Auto Train that was delayed for 20 hours: 'I will not be going on another train, that's for sure'
▼ + stars: | 2023-01-14 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +6 min

An Amtrak Auto Train was severely delayed due to a freight derailment that occurred Monday night. The Auto Train is a 900-mile train service that goes from Lorton, Virginia, to Sanford, Florida. "I will not be going on another train, that's for sure," she told Insider on Wednesday, exhausted from her long journey. Amtrak told Insider that the incident forced the Auto Train to take a detour. One of the therapy dogs that were aboard the Amtrak Auto Train.

"At this time, we do not believe the cause is related to the FAA outage experienced earlier today." Share this -Link copiedNearly half of Southwest flights delayed just weeks after mass cancellations Nearly half of Southwest Airlines flights were delayed as of about 11:15 a.m. Share this -Link copiedMore than 540 Delta flights delayed, 14 canceled More than 540 Delta flights were delayed as of 9:13 a.m. ET, the airline had three flights canceled and 208 flights delayed, amounting to 21% of its overall flights, according to FlightAware. Alaska Airlines had 11 flights canceled and 149 flights delayed, also amounting to 21% of its overall flights, FlightAware noted as of 8:53 a.m.

☆ Boy, 2, killed after tree falls onto home during powerful California storm
▼ + stars: | 2023-01-05 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A 2-year-old boy was among at least two people killed after a storm swept through California, knocking down trees, flooding streets and leaving thousands in the dark. Fire personnel performed CPR but the boy was pronounced dead from his injuries just before 6 p.m. Parts of California were hit by heavy rain, strong winds and flooding that left thousands of people in the dark. The National Weather Service said Thursday that continued thunderstorms and heavy rain should be expected throughout the day. There are still flash flood watches and flood watches out in effect for many portions of California today."

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