DIRS.INFO The most relevant business & tech news

☆ Opinion: We all lose if the Olympic surveillance state becomes the norm
▼ + stars: | 2024-04-17 | by ( Opinion Jules Boykoff | ) edition.cnn.com time to read: +9 min

He is the author of six books on the politics of the Olympic Games, most recently “What Are the Olympics For?” The views expressed here are his own. France enacted an Olympic Games Law in May 2023 that legalized the use of AI-driven video surveillance this summer and allowed experimentation with intelligent video surveillance until March 31, 2025. The law made France the first nation in the European Union to greenlight biometric surveillance systems. She told me that the Olympic Law “infringes the right to privacy, the right to be anonymous in the streets.”“Everything in this is political,” Levain said. The French Ministry of the Armed Forces unveiled plans to use HELMA-P, an anti-drone laser weapon system prototype, at the Paris Games.

Persons: Jules Boykoff, Emmanuel Macron, Jules Boykoff Jessi, –, ” Noémie, “, ” Levain, ”, Gérald Darmanin, we’ve, Amelie Oudea, Macron, Natsuko Sasaki, Laurent Nuñez, Le, Danielle Simonnet, Thomas Bach Organizations: Pacific University, Olympic Games, CNN, Olympic, Games, ISIS, Stade de France –, Law, European Union, Amnesty International, European Civic Forum, Human Rights, Ministry of, France’s, French Ministry of, Armed Forces, Paris Games, Stade de France, Paris Police, Le Parisien, Paris, Patriotes, Palais Royal, National Assembly, France Insoumise Party Locations: Paris, Palestinian, Atlanta, France, Le, Europe, Moscow

☆ Fed Chair Powell hints at no interest rate cut in May, keeping rates higher for longer
▼ + stars: | 2024-04-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Interest rates are currently nestled at a 23-year high after the Fed launched an aggressive rate-hiking campaign two years ago. Inflation is down considerably from a four-decade peak reached in the summer of 2022, but recent inflation reports have shown persistent price pressures in services and housing. First rate cut in the summer? Wall Street already wasn’t betting on a rate cut in May, but some analysts are estimating the first cut could come some time in the summer. Analysts at Goldman Sachs, JPMorgan and Nomura are estimating a first rate cut in July.

Persons: Jerome Powell, “, Powell, ”, ” Quincy Krosby, don’t, hasn’t, Goldman Sachs, Philip Jefferson Organizations: Washington CNN, Federal, Wilson, Fed, Congress, LPL, Atlanta Fed, Goldman, JPMorgan, Nomura, Bank of America, Barclays, Deutsche Bank, ” Locations: Wells Fargo, rebalance

☆ Why Georgia continues to be a jump ball for Biden and Trump ahead of November
▼ + stars: | 2024-04-14 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Both Biden and Trump view Georgia as a highly-coveted electoral prize in the 2024 election. AdvertisementSo Georgia remains a highly-competitive swing state, with both Biden and former President Donald Trump hoping to win its 16 electoral votes. A view of the gold-domed Georgia State Capitol and downtown Atlanta. In last month's Georgia GOP presidential primary, Trump easily defeated his onetime opponent, former UN ambassador Nikki Haley. A bulk of Haley's voters came from the Atlanta metropolitan area, primarily in suburbs where Trump was tripped up by Biden in 2020.

Persons: Biden, —, Joe Biden's, Raphael Warnock, Jon Ossoff, Brian Kemp's, Stacey Abrams, Donald Trump, Brynn Anderson, Trump, Biden eked, Steve Helber, Henry, Barack Obama, Jason Allen Will, Nikki Haley, Haley, weren't, Kemp, Brad Raffensperger, Raffensperger Organizations: Biden, Trump, Service, Black, Democratic, Georgia, Republicans, GOP, CBS News, Marist, Marist Georgia Poll, Georgia State Capitol, AP, The, Cobb, Fulton County Locations: Georgia, Atlanta, Arizona , Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, The Atlanta, Fulton County, Gwinnett, Clayton , DeKalb

☆ Surging inflation fears sent markets tumbling and Fed officials scrambling
▼ + stars: | 2024-04-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Energy prices, which have been a major factor in the past two months' inflation readings, pushed higher on signs of further geopolitical turmoil. Minutes released Wednesday from the March Fed meeting showed officials were concerned about higher inflation and looking for more convincing evidence it is on a steady path lower. Sticky price CPI entails items such as housing, motor vehicle insurance and medical care services, while flexible price is concentrated in food, energy and vehicle prices. "If that's the case, you would require a decent amount of unemployment to get inflation all the way to 2.0%." That's why Furman and others have pushed for the Fed to rethink it's determined commitment to 2% inflation.

Persons: Spencer Platt, —, Stocks, Jason Furman, We've, Israel, Jim Paulsen, Wells, Substack, Paulsen, Furman, Barack Obama, Jamie Dimon, John Williams, Susan Collins, it's, Larry Fink Organizations: Getty, Investors, Dow Jones, CNBC, of Economic Advisers, New York Fed, National Federation of Independent Business, Labor Department, JPMorgan, University of Michigan's, Boston, Commerce, CPI, Citigroup, Fed, Atlanta Fed, Dallas Fed, Harvard, BlackRock Locations: Manhattan, New York City, Iran, Israel

☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

☆ The stunning strength of the US economy means the soft landing may already be here, Evercore founder says
▼ + stars: | 2024-04-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US economy may have already stuck the soft landing, according to Evercore founder Roger Altman. AdvertisementThe US economy may have successfully avoided a recession and is already gliding toward a soft landing, according to Evercore founder Roger Altman. AdvertisementThose are big reasons stocks remain buoyant despite a sell-off this week as markets repriced expectations for Fed rate cuts. "Everything by and large is going right in the US economy," Altman said, noting that inflation is usually sticky as it falls from a peak. Arguably, the soft landing already has happened."

Persons: Roger Altman, Altman, —, David Rosenberg Organizations: Service, CNBC, Atlanta Fed, Labor, Bureau of Labor Statistics, The New, Fed, National Association for Business Economics Locations: —

☆ Hot inflation data pushes market’s rate cut expectations to September
▼ + stars: | 2024-04-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Three months of inflation data have brought those expectations back down to earth. "Not that you've put a pin in inflation getting to the Fed's target, but it's not happening imminently." The 2-year Treasury note , which is especially sensitive to Fed rate moves, jumped to 4.93%, an increase of nearly 0.2 percentage point. The pricing in of seven rate cuts earlier this year was completely at odds with indications from Fed officials. However, when policymakers in December raised their "dot plot" indicator to three rate cuts from two projected in September, it set off a Wall Street frenzy.

Persons: Michael M, Liz Ann Sonders, Charles Schwab, you've, There's, Today's, Phillip Neuhart, Joseph LaVorgna, Schwab's Sonders, Sonders Organizations: New York Stock Exchange, Santiago, Getty, Federal, Labor, CPI, Fed, Traders, First, Bank Wealth, Dow Jones, Treasury, Nikko Securities, Atlanta Fed Locations: New York City

☆ Delta posts strong earnings in tough quarter for US airlines
▼ + stars: | 2024-04-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Delta Air Lines reported vastly improved earnings in the first quarter, and the company said results should remain strong the rest of the year. Delta predicted it would report record revenue in the second quarter, it said it expects thinner profit margins. So it now expects earnings per share of between $2.20 to $2.50, which would be down from the record adjusted earnings per share of $2.64 a year ago. Delta has no 737 Max jets in its fleet currently, although it has placed orders for some of the jets. In July 2022 it placed an order for 100 of the Boeing 737 Max 10 jets, the largest version of the Max.

Persons: Ed Bastian, Max, ”, Scott Kirby, Bastian didn’t, “ Organizations: New, New York CNN — Delta Air Lines, Wall, Delta, Boeing, United Airlines ’, Southwest, Airbus, Alaska Airlines, Max, Federal Aviation Administration, Alaska Air, United Airlines Locations: New York, Atlanta, Alaska

☆ A Delta flight declared an emergency after officials said it may have been struck by lightning mid-air
▼ + stars: | 2024-04-10 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

A Delta flight declared a mid-air emergency after a suspected lightning strike. Commercial planes are hit by lightning once or twice a year on average. AdvertisementA Delta flight landed safely in Atlanta on Tuesday morning after declaring a mid-air emergency following a suspected lightning strike. Delta flight 1192 was traveling from New York City to Atlanta early Tuesday when it encountered two unrelated emergencies, according to local media reports. A Delta spokesperson told Fox News that officials believe lightning struck the plane during its journey.

Persons: — Organizations: Service, Delta, Atlanta, Fox News, Business Locations: Atlanta, New York City

☆ I went to the elite personal training gym for traders that works your mind and your body at the same time. This may be the future of fitness.
▼ + stars: | 2024-04-06 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +6 min

AdvertisementHer exercise space is a funhouse for grown-ups, located in the middle of downtown Singapore's financial district, the Asian banking capital. It's the NeuroTracker, a brain game developed more than 14 years ago by a Canadian visual perception scientistRelated storiesIt's still a somewhat controversial device. This is ostensibly training my brain to focus, and improving my working memory. Pro athletes in the NFL, NBA, NHL, and MLB have incorporated Neurotracker into their training to level up. Brain training for longevity is still squishy science, for nowBut this training could soon be rolled out wider, buoyed by some research that suggests benefits.

Persons: I'm, Anna Milani, Milani, Lee Sidebottom, Sidebottom, aren't Organizations: Service, NFL, Premier League . Fighter, Business, US Air Force, Manchester United, Atlanta Falcons, Pro, NBA, NHL, MLB Locations: Singapore, Singapore's, Mexico City

☆ A growing chorus of experts don't think a rate cut is coming in 2024
▼ + stars: | 2024-04-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Investors are starting to take seriously the idea that the Fed might not cut interest rates in 2024. At this point, investors are viewing economic strength as ultimately good news for the stock market, if that means a recession is delayed. AdvertisementFrom seven, to three, to now potentially zero, projected interest rate cuts in 2024 are quickly going out of style on Wall Street. So a delay in interest rate cuts, on paper, would suggest lower stock prices. And better-than-expected first quarter profits have helped put a floor on a stock market that is trading near record highs, even as talks of interest rate cuts fade.

Persons: Neel Kashkari, Kashkari, Michelle Bowman, Bowman, Ed Yardeni, Yardeni, Mohamed El, Torsten Slok, Slok, Ken Fisher Organizations: Federal Reserve, Atlanta Fed, Minneapolis Fed, Fed, Bank of America

CNN —Former President Donald Trump was dealt two major setbacks Thursday in his efforts to derail the criminal cases against him, with judges in the Georgia election interference case and in the federal classified documents case both rejecting bids by the presumptive 2024 GOP presidential nominee to have those cases thrown out. Trump has made similar presidential immunity arguments in the Georgia case and in the classified documents case. She wrote that prosecutors “make no reference to the Presidential Records Act” in the indictment against Trump and did not “rely” on the statute to bring charges. McAfee’s ruling is the latest step inching the state racketeering case against Trump forward. McAfee’s refusal to scrap the indictment comes as the free speech defense has repeatedly fallen short in pretrial wrangling in election meddling cases.

Persons: Donald Trump, Fani Willis, Jack Smith, –, Trump, Aileen Cannon, “, Cannon, ”, Scott McAfee, Willis, ” McAfee, McAfee, Tanya Chutkan, Steve Sadow, Smith, Trump’s Organizations: CNN, Trump, White, Records, Presidential, Circuit, Peach State, McAfee, National Archives, Prosecutors Locations: Georgia, Fulton County, New York, York, Washington ,, Florida, Atlanta, Peach

☆ The US economy is flashing a recession warning that has only been wrong once in the last century, top economist says
▼ + stars: | 2024-04-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The economy is flashing a recession warning that has only been wrong once in the last 120 years. The ECRI's Leading Economic Index has started to decline in the past year, top economist Lakshman Achuthan said. AdvertisementThe US economy is flashing a classic recession warning that has only shown a false positive once in the last century, according to top economist Lakshman Achuthan. AdvertisementHiring strength seems to lie in non-discretionary areas of the market — which typically occurs before a recession, Achuthan said, as consumers prioritize needs over wants. Job growth in education and health rose around 4% last year, though job growth in every other sector trended near 0%, ECRI data shows.

Persons: Lakshman Achuthan, —, Achuthan, David Rosenberg Organizations: Service, Cycle Research, Rosenberg Research, Atlanta Fed

☆ Buy the Atlanta Braves tracking stock since it will likely be bought by a billionaire, analyst says
▼ + stars: | 2024-04-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Analyst Barton Crockett hiked his price target on Atlanta Braves Holdings by more than 10% to $53 per share, saying in a note to clients Tuesday that the team could soon become a buyout target. "We assume that the Braves are likely to be taken private by a billionaire once properly tax-seasoned. Shares of Atlanta Braves Holdings closed at $38.79 per share on Monday, more than 36% below the Rosenblatt price target. BATRK YTD mountain The tracking stock for the Atlanta Braves has struggled in 2024. Atlanta Braves Holdings includes not only the baseball franchise but also some real estate development around the team's baseball stadium in suburban Atlanta.

Persons: Barton Crockett, John Malone, Crockett, Rosenblatt, Carlyle, David Rubenstein, Matt Ishbia Organizations: Rosenblatt Securities, Atlanta Braves Holdings, Liberty Media, Sirius XM, Braves, Sports, National League East, Baseball, Atlanta Braves, Carlyle Group, Baltimore Orioles, Phoenix Suns Locations: U.S, Atlanta

☆ Beyoncé is opening the door for these Black country artists
▼ + stars: | 2024-04-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +8 min

CNN —Beyoncé has some people excited about country music. But they aren’t the only ones whose careers could benefit from Queen Bey’s entrance into country music. Andrew Nelles /The Tennessean/USA Today NetworkRVSHVD (pronounced Ra-shad) is another Georgia native who is making his way in the country music industry. Apple TV+Ashlie Amber may not have won a TV competition meant to open doors for underrepresented country artists, but she’s definitely winning fans. Jason Kempin/Getty ImagesTwins Derek Campbell and Brandon Campbell are fighting for inclusivity in country music in more ways than one.

Persons: CNN — Beyoncé, Cowboy Carter, Beyoncé, can’t, Dolly Parton’s, Jolene, ”, Tanner Adell, Willie Jones, Tiera Kennedy, Linda Martell, Reyna Roberts, Brittney Spencer, Derek White, Kelly Clarkson, Shania Twain, Twain, “, ” Twain, ” Kylan Boykin, we’re, Nytere Boykin, Carter ”, ” Nytere Boykin, RVSHVD RVSHVD, Andrew Nelles, Clint Rashad Johnson, Keith Urban’s, — Marvin Gaye, Luther Vandross, Luke Bryan, Darius Rucker, Angel Rewis, Johnson, She’s, Amber Ashlie Amber, Amber, she’s, Reese Witherspoon, Kacey Musgraves, Jimmie Allen, Mickey Guyton, Orville Peck, ” Micaela Kleinsmith, ” Amber, “ Beyoncé, Derek Campbell, Brandon Campbell, Jason Kempin, we’ve, ” Derek Campbell, WSMV4, Hart, Trea Swindle, Danica Hart, Devynn Hart, Chapel Hart, Evan Agostini, “ Jolene, –, Danica, Trea, America’s, ” Parton, “ We’re Organizations: CNN, The Recording, CMT, USA, Billboard, Florida Georgia Line, Apple, The Kentucky Gentlemen, Winery, Getty, inclusivity, ”, Rolling Stone, Chapel, Channel, Nashville Locations: Atlanta, Nashville, Georgia, Florida, Nashville , Tennessee, Kentucky, Winery Nashville, Versailles , Kentucky, America, Austin , Texas, Mississippi, Louisiana

UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

☆ Georgia elections: GOP lawmakers back broad changes, including one that could benefit third-party presidential contenders
▼ + stars: | 2024-04-01 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +3 min

That could benefit third-party or independent presidential candidates in a state that Joe Biden narrowly carried over Donald Trump in 2020. A super PAC backing independent candidate Robert F. Kennedy Jr. said in February that it had gathered enough signatures in Georgia for Kennedy to make the ballot. Currently, independent or third-party candidates must collect at least 7,500 signatures from registered Georgia voters to qualify for the ballot in the state. A separate provision of the election legislation would broaden what constitutes “probable cause” needed to uphold challenges to voter registrations. Voting rights groups have objected to several provisions in the legislation, including the rules regarding voter challenges.

Persons: Brian Kemp’s, Joe Biden, Donald Trump, Robert F, Kennedy Jr, Kennedy, Nicole Shanahan, Cornel West, Trump, Kemp, Garrison Douglas, John LaHood, CNN’s Aaron Pellish Organizations: CNN — Republican, Georgia Gov, Biden, Georgia, Republicans, Republican, Rep, The Atlanta, Constitution Locations: Georgia, California

☆ Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
▼ + stars: | 2024-04-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.

Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, —, Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta

☆ Sisters sue a luxury townhome community’s HOA in effort to save a historic Black cemetery
▼ + stars: | 2024-03-30 | by ( Rafael Romo | Jaide Timm-Garcia | ) edition.cnn.com time to read: +8 min

But at least we found it.”Headstones at the Piney Grove Cemetery are seen amid trees and overgrowth. Melissa BuggA hub for Black communitiesAt the beginning of the 20th century, Piney Grove Cemetery was part of a thriving African American community. Fallen trees and overgrowth at the Piney Grove Cemetery in Atlanta. The lawsuit seeks a declaration from the court that Piney Grove is a public cemetery and an injunction mandating the HOA maintain and provide access to the cemetery. No.”A broken headstone is seen at the Piney Grove Cemetery in Atlanta.

Persons: Audrey Collins, Collins, that’s, HOA, ” Collins, Rhonda Jackson, “, ” Jackson, Melissa Bugg, Jackson, CNN Collins, ” Kathryn Whitlock, Whitlock, ” John Wesley Wright, it’s, ”, Wright Mitchell, “ That’s, ” Mitchell, Bagley, ‘, ’ Organizations: Atlanta CNN, Georgia Trust, Historic Preservation, Piney Grove Baptist, Lenox Homeowners Association, Piney Grove Baptist Church, Atlanta City Council, CNN, HOA, Atlanta . Georgia Trust, Historic Locations: Piney Grove, Buckhead, Atlanta, Piney Grove Baptist Church, Georgia, HOA, ”, Piney, Atlanta ., Lynwood, Johnsontown

☆ Atlanta Hawks beat NBA-leading Boston Celtics for the second time in four days after last-second OT game-winner
▼ + stars: | 2024-03-29 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —It appears that the Atlanta Hawks have the Boston Celtics’ number. On Monday night, Atlanta completed the biggest comeback in Hawks history when it came back from 30 points down to stun Boston, which has already locked up the No. Kevin C. Cox/Getty ImagesCeltics head coach Joe Mazzulla put his team’s loss down to the Hawks’ ability to grab offensive rebounds. “That’s the game right there,” he said postgame. The Celtics drop to 57-16 on the season and will next visit the New Orleans Pelicans on Saturday.

Persons: Dejounte Murray, Brown, Murray, Jrue, ” Murray, Kevin C, Cox, “, ”, Bryant, ” Bogdan Bogdanović, De’Andre Hunter, Trae Young, Jalen Johnson, Onyeka, Saddiq Bey, squandering, Joe Mazzulla, Jayson Tatum Organizations: CNN, Atlanta Hawks, Boston Celtics, Atlanta, Hawks, Celtics, NBA, Boston, Eastern Conference, Kobe, Getty, New Orleans Pelicans, Milwaukee Bucks Locations: Atlanta, Boston

☆ MLB Opening Day: 2024 regular season kicks off in full with Shohei Ohtani cloud looming
▼ + stars: | 2024-03-28 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —Although fans have been treated to a glimpse of MLB action, the 2024 season kicks off in full on Thursday with Opening Day. How to watchThe Opening Day slate of games takes place on Thursday, March 28, with 26 teams taking to the field. The Baltimore Orioles and the Los Angeles Angels kick off the day’s action at 3:05 PM ET at Camden Yards in Maryland. Ohtani cloud overshadows Dodgers startThe majority of the Los Angeles Dodgers offseason was dominated with optimism and talk of a World Series challenge after the acquisition of two-time MVP Shohei Ohtani and pitching phenom Yoshinobu Yamamoto. Ohtani prepares for a pitch during the Dodgers' preseason game against the Los Angeles Angels.

Persons: Tuesday’s Francis Scott Key, Shohei Ohtani, phenom Yoshinobu Yamamoto, Ohtani, Ippei, Mizuhara, Yamamoto, Mookie Betts, Freddie Freeman, Will Smith, Tyler Glasnow, Walker Buehler, Harry, Juan Soto, Soto, Aaron Judge, Giancarlo Stanton, Gerrit Cole, Stanton, Nathan Ray Seebeck, Ronald Acuña Jr, Acuña, Tim Nwachukwu, Wyatt Longford Organizations: CNN, Seoul, Los Angeles Dodgers, San Deigo Padres, MLB, Baltimore Orioles, Los Angeles Angels, Camden, Orioles, Dodgers, ESPN, Los Angeles Times, baseball’s, League, St, Louis Cardinals, Bronx Bombers, New York Yankees, Yankees, San Diego Padres, San, American League, Houston Astros, Judge, Atlanta Braves, Philadelphia Phillies, National League, Braves, NL, Phillies, National, Texas Rangers, Chicago Cubs, Washington Nationals, Cincinnati Reds, San Francisco Giants, Toronto Blue Jays, Tampa Bay Rays, Minnesota Twins, Kansas City Royals, Detroit Tigers, Chicago White Sox, Pittsburgh Pirates, Miami Marlins –, Cleveland Guardians, Oakland Athletics –, Colorado Rockies, Arizona Diamondbacks, Boston Red Sox, Seattle Mariners, Milwaukee Brewers, New York Mets, @ @ @ @ @ @ @ @ @ Locations: South Korea, Camden Yards, Maryland, Seoul, Ohtani, San Diego, Atlanta, Texas

☆ Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales
▼ + stars: | 2024-03-28 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement retailer expects the acquisition to close this fiscal year, which ends in late January. Home Depot already draws half of its business from pros, while the other half comes from do-it-yourself customers. It recently announced it will open four distribution centers that help support sales to pros. The acquisition comes after the home improvement retailer said last month that it expects slower sales trends to continue.

Persons: It's, Ted Decker, Leonard Green, Decker, he's, That's Organizations: Atlanta -, CNBC, Leonard Green & Partners, Berkshire Partners, HD Supply, Resources, Depot Locations: Atlanta, McKinney , Texas, U.S, Mexico, Canada

The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes. Not only was the system incapable of stopping the second train before it smashed into the back of a stopped train, but it also couldn't stop the third train. Congress required railroads to develop the positive train control system after a deadly 2008 collision between a Metrolink commuter train and a Union Pacific freight train in Chatsworth, California. Norfolk Southern's safety practices have been in the spotlight since one of its trains derailed in East Palestine, Ohio, in February 2023. The report also didn't say whether there were any curves or hills that made it hard for the crew to see the stopped train.

Persons: Chris Barkan, Keith Holloway Organizations: Norfolk Southern, National Transportation Safety, “ PTC, Union Pacific, Metrolink, NTSB, Rail Transportation, Engineering Center, University of Illinois Locations: Pennsylvania, Chatsworth , California, Lower Saucon Township, Lehigh, Atlanta, Norfolk, East Palestine , Ohio, Urbana, Champaign

☆ Here’s why the Fed doesn’t see a US recession in coming years
▼ + stars: | 2024-03-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

“The economy is strong, the labor market is strong and inflation has come way down,” Fed Chair Jerome Powell said Wednesday. Fed officials continue to expect three rate cuts this year but the days of ultra-low interest rates are long gone. Up NextMonday: The Chicago Fed releases its National Activity Index for February. The US Commerce Department releases February data on sales of new single-family homes. The US Commerce Department releases February data on household spending, income and the Fed’s preferred inflation gauge.

Persons: Goldman Sachs, Jerome Powell, Mike Skordeles, Skordeles, ” Stephanie Lang, Homrich Berg, ”, Clare Duffy, Reddit, Read, Lisa Cook, Christopher Waller Organizations: Washington CNN, Fed, Truist Advisory Services, CNN, Atlanta Fed, Employers, New York Stock Exchange, Trading, IPOs, Chicago Fed, US Commerce Department, McCormick, GameStop, Global, Board, Wednesday, Walgreens Boots Alliance, US Labor Department, University of Michigan, National Association of Realtors

☆ Former Fed Vice Chair Clarida sees possibility of fewer rate cuts than expected this year
▼ + stars: | 2024-03-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank's former vice chair said Friday. "If the Fed were targeting CPI right now, we wouldn't even be discussing rate cuts," Clarida said. A Chicago Fed measure of financial conditions is at its loosest since January 2022. "What I think is going on here is a delicate balance that [Powell is] trying to navigate," Clarida said. "Financial conditions will very naturally start to ease when they get the sense the Fed is done and [will start] cutting.

Persons: Richard Clarida, Jerome Powell, Clarida, Powell Organizations: Federal Reserve, Market, Fed, Commerce Locations: Atlanta

Search resuls for: "The Atlanta"

25 mentions found