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I talked to Brendan Doherty, a professor of political science at the United States Naval Academy and author of the books, “The Rise of the President’s Permanent Campaign” and “Fundraiser in Chief: Presidents and the Politics of Campaign Cash,” about why early presidents stayed off the trail and how this became the permanent campaign. Our conversation, conducted by email, is below:WOLF: Why didn’t early presidents personally campaign? DOHERTY: In the early decades of the republic, presidential candidates adhered to the norm that they should not actively campaign for office. DOHERTY: While early presidential candidates didn’t actively campaign, their supporters got the word out on their behalf. DOHERTY: Modern presidents campaign for themselves and for their fellow party members throughout their term in office.
Persons: Donald Trump, he’d, , Trump, , Joe Biden, , Brendan Doherty, DOHERTY, WOLF, didn’t, Andrew Johnson, Johnson, William Jennings Bryan, Republican William McKinley, Franklin Roosevelt, Harry Truman, Harry S, George Skadding, John F, Kennedy, Ronald Reagan, Herbert Hoover, Reagan, hadn’t, it’s Organizations: CNN, , United States Naval Academy, Newspapers, Democratic, Republican, Truman, Catholic, White, Wisconsin and, Ronald, Electoral, Technological Locations: York, Pennsylvania , Michigan, Wisconsin, Florida, New Jersey, Wisconsin and West Virginia, Fairfield , Connecticut
Donald Trump is searching for a running mate, and his list of potential candidates is getting smaller and smaller. This week, the hosts discuss whether Trump is considering other qualities beyond loyalty, and they debate what his eventual choice could mean for the future of Trumpism in the Republican Party. Plus, Michelle wants to worm her way into candidate medical records. (A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)
Persons: Donald Trump, Michelle Organizations: Trump, Republican Party
"There's real skepticism in the administration that Rafah will bring about a deal for the hostages, like the Israelis have been saying." Pentagon confirms weapons shipment pause to IsraelThe Pentagon confirmed on Wednesday that the administration paused the delivery to Israel of a shipment of 1,800 two-thousand-pound bombs and 1,700 five-hundred-pound bombs. Netanyahu remains undeterred, saying that Israel will "stand alone" and fight "with our fingernails" if U.S. weapons shipments stopped. Israeli Defense Minister Yoav Gallant (L) visits army units on the border between Israel and Gaza Strip near Rafah, Gaza on May 07, 2024. Israeli Ministry of Defense | Anadolu | Getty ImagesItamar Ben Gvir, Israel's far-right wing national security minister, posted on X simply writing: "Hamas [heart emoji] Biden."
Persons: Ahmad Gharabli, Richard Haass, Joe Biden, Haass, George W, Bush, Benjamin Netanyahu, Khan Yunis, Ashraf Amr, Biden, Defense Lloyd Austin, Washington's, Austin, Netanyahu, Yoav Gallant, Itamar Ben Gvir, emoji, It's, Will, Avi Melamed, Melamed, Clayton Allen, Independent Sen, Bernie Sanders, Vermont, Sanders, Ali Jadallah Organizations: Hamas, AFP, Getty, U.S, Foreign Relations, Haaretz, Qatari, United Nations, WHO, Anadolu, CNN, Pentagon, Biden, Defense, Israel, Israeli, Ministry of Defense, Congress, Eurasia Group, Independent, CNBC Locations: Israel, Gaza, Rafah, Palestinian, Israeli, Khan, I'm, al, Hamas, Iran, U.S, United States
Last October it removed curbs in most districts, and in March loosened restrictions on purchases of second homes. Other cities have also taken major steps to make the process of buying property easier. Changsha, the capital city of Hunan province, has also lifted home purchase curbs since last month. “The April Politburo meeting set a more supportive tone for the property sector, prioritizing the reduction of existing home inventory,” they said. “This may suggest that more local governments may be allowed to purchase homes directly from the market for social housing purposes.”
Organizations: Hong Kong CNN, Geely, Hangzhou Housing Security, Real, Administration, Getty Images, homebuyers, Communist Party, UBS Locations: China, Hong Kong, Hangzhou, Chengdu, China's, Sichuan, Getty Images Chengdu, Changsha, Hunan province, Evergrande, Beijing
But the real story from a technical perspective is that this week's move appears to complete a "big base breakout" pattern — a sign of potentially much greater gains in the coming months. This resistance level continued to hold, with subsequent peaks through the end of 2022 and into 2023 all hitting this same price point before rebounding lower. In March of this year, SQSP finally broke above this resistance level around $33.70, which then became a support level in late April. 'Big base breakout' The daily chart shows how often this $33-34 range was tested all through 2023 and into early 2024. One of the key features of a "big base breakout" is a frequent test of the upper end of the trading range.
Persons: Squarespace, SQSP, Alan Shaw, David Keller Organizations: Squarespace Inc, CMT
The officials said that the changes were made by Arab mediators in consultation with William J. Burns, the C.I.A. Qatari and Egyptian mediators spoke with him on Monday about the changes that Hamas was ready to accept, the two officials said. Hamas said that Arab mediators had put forward the changes, but one official said that Hamas had suggested them. Mr. Netanyahu said last week that he would carry out an offensive in Rafah “with or without” an agreement. More than one million Palestinians have sought shelter in Rafah as they fled other parts of Gaza under attack by Israel.
Persons: William J, Burns, Israel, Benjamin Netanyahu, Netanyahu, Adam Rasgon Organizations: Hamas, U.S, Qatar’s, Ministry, Qatari Locations: Israel, United States, Gaza, Cairo, Rafah, Jerusalem
Nauta testified to a grand jury two months before the August 2022 search about boxes he took from Mar-a-Lago’s storage room in January 2022. Nauta grand jury testimony could be used at trial against TrumpThe newly unredacted Mar-a-Lago search warrant affidavit and Nauta’s grand jury testimony were included in court filings as part of several challenges Trump and Nauta are making against Smith’s case. 03:33 - Source: CNNNauta’s grand jury testimony could become a notable part of an eventual trial against Trump. Even if Nauta refuses to testify, prosecutors could seek to use his grand jury statements about Trump in their presentation to a jury. According to the affidavit, the Justice Department sought from the Trump Organization Mar-a-Lago’s surveillance footage in the immediate days after Nauta’s grand jury testimony.
Persons: Donald Trump’s, Trump, Walt Nauta, Nauta, ” Nauta, Jack Smith, Carlos De Oliveira, vindictively, Lago, FPOTUS, , Stanley Woodward, Aileen Cannon, pushback, CNN’s Hannah Rabinowitz Organizations: CNN, National Archives, Mar, FBI, Trump, Archives, Justice Department, Trump White House, NARA, Trump Organization, US Locations: Lago, Florida, Mar, Nauta, United States
CNN —Capping off a weekend of photo finishes, Kyle Larson won NASCAR’s AdventHealth 400 by a staggering 0.001 seconds in Kansas on Sunday. The RFK team could be seen on the broadcast jubilantly celebrating before the official result was finalized. Eventually, Hendrick Motorsports’ Larson was declared winner in the closest finish in NASCAR Cup Series history, per NASCAR. “I didn’t know if I won or not, I was pumped for the finish,” Larson added as he explained his spotter said it was a second-place finish before celebrating wildly down the radio when he found out Larson had won. I haven’t seen a replay other than just a picture and I sure can’t see it in that picture,” a dejected Buescher told FS1.
Persons: Kyle Larson, NASCAR’s, Mystik Dan, Larson, Chris Buescher, Buescher, ’ Larson, ” Larson, Logan Riely, , , FS1, ” Buescher Organizations: CNN, Kentucky Derby, Roush Fenway, Racing, RFK Racing, RFK, Hendrick, NASCAR Locations: Kansas
China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.
Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America
How a Tiny Chicago News Organization Won 2 Pulitzers
  + stars: | 2024-05-06 | by ( Benjamin Mullin | ) www.nytimes.com   time to read: +1 min
When Jamie Kalven met Yohance Lacour in 2017, the two men quickly realized they had something important in common. Mr. Kalven, the founder of the Invisible Institute, a nonprofit Chicago newsroom, was working in Chicago’s Stateway Gardens housing development in 1997 when a vicious hate crime wounded the community there deeply. And Mr. Lacour helped a local newspaper cover that story at the time. Mr. Lacour’s podcast won one of two Pulitzers this year for the Invisible Institute, a small, crusading newsroom on Chicago’s South Side known for holding city authorities to account. The other prize, for local reporting, went to the organization’s data director, Trina Reynolds-Tyler, who reported an investigative series on missing Black girls and women in Chicago.
Persons: Jamie Kalven, Yohance Lacour, Kalven, Lacour, Kalven’s, , Trina Reynolds, Tyler Organizations: Invisible Institute, Monday Locations: Chicago
The dollar was broadly steady on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates twice this year, while the yen was a tad weaker to start the week. The dollar was broadly steady on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates twice this year, while the yen was a tad weaker to start the week. On Monday, the yen weakened 0.43% to 153.62 per dollar in early trading, having touched a three-week high of 151.86 on Friday, as the dollar lost additional ground after the jobs data. But with Japanese authorities choosing last week's quiet periods to intervene in the yen market, traders will be on high alert through the day. Markets are now pricing in 45 basis points of cuts this year, with a rate cut in November fully priced in.
Persons: Jerome Powell, Goldman Sachs Organizations: Federal Reserve, Bank of, Fed, Citi Locations: Japan, Britain, Bank of Japan, U.S
The officials said that the changes were made by Arab mediators in consultation with William J. Burns, the C.I.A. director, and that the new version keeps a key phrase, the eventual enactment of a “sustainable calm,” wording that all sides had said earlier they could accept. The two officials said the response from Hamas was a serious one, and that it was now up to Israel to decide whether to enter into an agreement. In the second phase, the two sides would work toward reaching a “sustainable calm,” which would involve the release of more hostages, the officials said. The officials said that Israel’s prime minister, Benjamin Netanyahu, was expected to push back against that definition.
Persons: William J, Burns, Israel, Benjamin Netanyahu Organizations: Hamas Locations: Israel, United States, Gaza
CNN —When Hamas declared on Monday evening that it has “agreed” to a ceasefire deal, it caught many off guard. But US officials have pushed back on Hamas’ claim that it had “agreed” to a ceasefire deal, instead characterizing the response as a counterproposal with changes. The Hamas proposal calls for an end to the war, which is a red line for Israeli Prime Minister Benjamin Netanyahu, a senior American official told CNN. “Both sides only want a ceasefire deal that ensures their political survival,” Lowenstein said. It is not a list of individuals who can be killed or infrastructure and equipment that can be destroyed,” Ibish told CNN.
Persons: CNN —, , Israel, Bill Burns, Benny Gantz, Benjamin Netanyahu, Matan Golan, Frank Lowenstein, Barack Obama, ” Lowenstein, Netanyahu — “, Netanyahu, Barak Ravid, CNN’s Anderson Cooper, Hamas’s, Biden, doesn’t, Lowenstein, “ Bibi, he’s, Khan Younis, , that’s, Bibi, it’s, ” Hussein Ibish, Ibish, ” Ibish, “ Netanyahu Organizations: CNN, Hamas, CIA, Qatari, Israeli, Palestinian, Israel, AFP, Getty, Gulf States Institute Locations: Gaza, Rafah, Egypt, Cairo, Israel, , American, Tel Aviv, Washington ,, Qatar
She got a PhD in psychology and worked as a therapist helping other sociopaths. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAll her life, Dr. Patric Gagne had the symptoms of sociopathic personality disorder, but few answers. "Despite the numerous advancements in mental health awareness and treatment options, sociopathy still seemed to be getting ignored," Gagne said in her book. AdvertisementOnce she was licensed, she said she "earned a low-key reputation as 'the sociopath therapist,'" and took on similar patients that her cohorts felt unable to help.
Persons: Patric Gagne, , sociopathy, Gagne, malevolence, acclimated Organizations: Service
We’re paying for close to 100% of NATO.”Facts First: Trump’s claim is false. They don’t pay their bills.”Facts First: Trump’s claim is false. (It rose to about $314 billion in 2020, Trump’s last full year in office.) Facts First: Trump’s claim is false. Facts First: Trump’s claim that “nobody died other than Ashli” is false.
Persons: Donald Trump, Trump, , William Barr, Bill Barr, Barr, Bill, I’m, , it’s, Biden, Joe Biden, Tamar Hermann, Hermann, Bill Clinton, “ Trump, ” Trump, , National Guard Trump, I’ve, George Floyd, Tim Walz, Walz, Paul —, , Erwan, George Washington, “ don’t, they’re, Stoltenberg, Trump’s, Lagadec, Marc Lipsitch, Barack Obama, European Union won’t, Cortellessa, “ Moody’s, Moody’s, Mark Zandi, Zandi, ’ ” Zandi, Joe Biden’s, rioter Ashli Babbitt, Brian Sicknick, Sicknick, Trump’s ‘, patriotically, , patriotically ’, ” Nancy Pelosi, Nancy Pelosi, “ Nancy Pelosi, Pelosi, Christopher Miller, Miller, Eric Cortellessa, Alvin Bragg’s, Bragg, Matthew Colangelo, Colangelo, Alvin Bragg, ” Cortellessa, Hillary Clinton, , Roe, Wade, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, , Crime Biden, don’t, “ Biden, he’s, James Biden, Jeff Asher, Asher, It’s, ” “, ” Asher Organizations: Washington CNN, Time, Trump, NATO, Capitol, Trump’s, Trade Center, didn’t, World Trade Center, Department, ISIS, CNN, Democratic, White House, White, South Korea Trump, Pentagon’s Defense Manpower Data, Biden Administration, Congressional Research Service, Israel, Israeli Democracy Institute, National Guard, Minnesota Democratic Gov, Minnesota National Guard, Guard, North Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, for Disease Control, World Bank, Washington Post, Harvard, Harvard’s, National, Trump -, of Health, Human Services, Strategic, Biden, U.S . International Trade Commission, European, Benz, Volkswagen, BMW, European Union, US, European Automobile Manufacturers ’ Association, Bloomberg Economics, US Capitol Police, Capitol Police, , Republican, Democratic Rep, National Guardsmen, District of Columbia National Guard, Army, Capitol Police Board, Senate, Justice Department, Pulitzer Foundation, Pulitzer, New York Times, Electoral, Democrat, ” Rutgers Law, American University, university’s Health, University of California, , Customs, Border Protection, Crime, Manchurian, Republicans, FBI Locations: , New York City, Saudi, Florida, al Qaeda, New York, Texas, Mexico, South Korea, Trump , South Korea, South, Korea, Israel, Washington, Trump , Minneapolis, Minneapolis, Trump, Minnesota, St, United States, Germany, Brussels, Belgium, Harvard University, China, EU, DC, Trump’s, , York, Manhattan, York’s, Russia, That’s
OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm. Berkshire investing managers, Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of the stock portfolio (about 10%) for about the last decade. There was speculation that they may take over that portion of the Berkshire CEO role when he is no longer able. But it seems, based on Buffett's latest comments, that Abel will have final decisions on all capital allocation — including stock picks. Berkshire acquired MidAmerican Energy in 1999 and Abel became CEO of the company in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.
Persons: OMAHA , Nebraska — Warren Buffett, Greg Abel, Greg, Buffett, Abel, Charlie Munger, you've, Todd Combs, Ted Weschler Organizations: Berkshire, Oracle, Apple, MidAmerican Energy, Berkshire Hathaway Energy Locations: OMAHA , Nebraska, Omaha, Berkshire
The company talked up its experimental GLP-1 weight-loss drug, MariTide. The new weight loss drug could be injected monthly instead of weekly. AdvertisementThe competition is fierce in the GLP-1 weight loss market, with Novo Nordisk's Ozempic and Wegovy and Eli Lilly's Mounjary and Zepbound dominating sales. AdvertisementWhile a monthly weight-loss injected drug may sound appealing to patients, it is likely still far from hitting the market, assuming it passes all of its clinical trials. And even more convenient than a monthly injection of GLP-1 would be a weight loss pill, though Amgen said it ditched development of its oral weight loss drug candidate to instead focus on the development of MariTide.
Persons: , Amgen, Robert Bradway, Eli Lilly's Mounjary, Bradway, MariTide, James Bradner, Goldman Sachs, it's, hasn't Organizations: Service, Nordisk's Ozempic, Wall Street Locations: America
Gold set for second weekly fall; U.S. payrolls on investors' radar
  + stars: | 2024-05-03 | by ( ) www.cnbc.com   time to read: +2 min
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices were poised for a second straight weekly decline, although bullion held steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve's rate cut timeline. Spot gold held its ground at $2,306.84 per ounce by 0457 GMT but lost more than 1% this week. Softer U.S. payrolls print could provide support for gold but a better report may weigh on prices, Wong added. The non-farm payrolls report is due at 1230 GMT.
Persons: Christopher Wong, Wong, Wang Tao, Fawad Organizations: Co, U.S ., Fed, City Index Locations: Bangkok, Thailand, Egypt, Israel
Elsewhere, the dollar lost ground against most of its peers and was headed for its worst week in nearly two months, in part due to the sharp rise in the yen this week. The euro ticked up 0.05% to last trade at $1.0730, and was eyeing a weekly gain of 0.35%. "Recent Fed speech has acknowledged the lack of progress on inflation and the desire to maintain the current level of policy rates for longer. Down Under, the Australian dollar edged 0.07% higher to $0.6570, and was on track to gain nearly 0.6% for the week. The New Zealand dollar tacked on a marginal 0.03% to $0.5963, and was eyeing a 0.4% weekly gain.
Persons: Tokyo's, Vishnu Varathan, Jerome Powell, Sterling steadied, Tai Hui Organizations: Traders, Bank of Japan, Ministry of Finance, Mizuho Bank, Federal, Fed, Morgan Asset Management, New Zealand Locations: Asia, tenterhooks, Tokyo, Japan
Achieving Goals presidential candidate José Raúl Mulino speaks with reporters after meeting with members of the Electoral Observation Mission, in Panama City, Wednesday, May 1, 2024. The case of former President Ricardo Martinelli, who was disqualified from running by the courts because of a past corruption conviction, stands out. Once the favorite to win this year’s presidential race, Martinelli was disqualified from running by Panama’s electoral court in March because of the conviction and sentence. There are seven other presidential candidates, including current Vice-President José Gabriel Carrizo, former President Martín Torrijos, and Rómulo Roux, another former minister under Martinelli. Martinelli has thrown his support behind Mulino, even releasing campaign videos from inside the Nicaraguan embassy.
Persons: Daniel Zovatto, El Nino, Fitch, , José Raúl, José Raúl Mulino, Matias Delacroix, Mulino, Panama that’s, Ricardo Martinelli, Martinelli, José Gabriel Carrizo, Martín Torrijos, Rómulo Roux, Organizations: CNN, Central, Latin America, Wilson, Americas Society, Panamanian, Gallup, Nicaraguan Locations: Panama, Central American, Panama City, United States, Venezuela, Panamanian, Colombia, Mulino, Americas, Nicaragua’s, Nicaraguan
Back in the 19th century, however, this county was at the center of an illegal trade in poitín – or Irish moonshine. Inishowen in particular was such a hive of illegal activity that the area was jokingly referred to as the Urris Poitín Republic. Fed up with the heavy fines, the people of Urris declared themselves the independent nation of the “Urris Republic of Poitín” and sealed themselves in by collapsing the pass in 1812, McLaughlin-Doherty explains. The townspeople were able to be self-sufficient because of their farmlands and fishing, thus allowing the Urris Republic of Poitín to last for three years before the coup was ended in 1815. The Catholic Church, a stronghold in Ireland, was instrumental in the eventual curbing of illegal poitín production.
Persons: there’s, Malin, , uisce, Innis Murray, Martin Hegarty, Jennifer McLaughlin, Doherty, , Urris, McLaughlin, Poitín, , Pat Doherty, poitín, Clara Molden, Aengus King, Pádraic Ó Griallais, Poitin, Ó Griallais Organizations: CNN, Donegal, distillers, Irish Ancestral Tours, Research, , Catholic, Camera, Drinks, Micil Distillery, Revenue, Department, Agriculture Locations: Inishowen, Ireland’s, There’s, Clonmany, Lenan, poitín, Republic, Ireland, Sligo, Urris, Poitín Republic, Poitín, Urris Republic, Republic of Urris, Ireland’s Shannon, Dublin, Drinks Ireland, Galway, , Britain
“Anti-Israel protests on college campuses threaten Jewish students,” says the ad, which was shared first with CNN. While supporters of the legislation say it will help combat antisemitism on college campuses, opponents argue it overreaches and threatens to chill free speech. Some Democrats see the new investigative effort into college campuses and Johnson’s recent visit to Columbia University as a divisive political ploy. “Clearly it’s a very high priority for him,” GOP Rep. Frank Lucas of Oklahoma, the chairman of the House Science Committee, told CNN. House GOP Conference Chairwoman Elise Stefanik, who sits on the Education panel, is also expected to play a prominent role in the effort.
Persons: Mike Johnson, Johnson, speakership, ” Johnson, , , Marjorie Taylor Greene, Donald Trump, Nick Fuentes, Pramila Jayapal, Joe Biden, James Comer, Lisa McClain, Biden, “ I’ve, Frank Lucas of Oklahoma, Virginia Foxx, Elise Stefanik, Jim Jordan, Comer, ” Comer, ” CNN’s Haley Talbot Organizations: CNN, Republican, House Democratic, GOP, Louisiana Republican, Columbia University, Democrats, White, Department, Education, International Holocaust, Alliance, Columbia, Michigan, House Education, Workforce Committee, House Science, North Carolina, Yale University, University of California, University of Michigan, House GOP, New York Republican, Science, Republicans, George Washington University, Kentucky Republican Locations: Louisiana, Israel, Marjorie Taylor Greene of Georgia, Lago, Washington, Columbia, University of California Los Angeles, , Ohio
An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate cuts and swelling oil inventories. U.S. West Texas Intermediate (WTI) crude for June climbed 22 cents, or 0.3%, to $79.22 a barrel. The U.S. aims to replenish its Strategic Petroleum Reserve, or SPR, after a historic sale from the emergency stockpile in 2022 and wants to buy back oil at $79 a barrel or less. Any delay in rate cuts could slow economic growth and dampen demand for oil.
Persons: WTI, Hiroyuki Kikukawa, Kikukawa, Benjamin Netanyahu Organizations: Brent, . West Texas, NS, Nissan Securities, Strategic Petroleum Reserve, U.S, U.S . Energy Information Administration, U.S . Federal Reserve Locations: Loco Hills, New Mexico, U.S, Israel, Gaza, Egypt, Israeli, Rafah
Gold prices flutter higher as Fed holds rates steady
  + stars: | 2024-05-02 | by ( ) www.cnbc.com   time to read: +2 min
The Fed left interest rates unchanged on Wednesday as expected. Its latest policy statement kept key elements of its economic assessment and policy guidance intact, framing its discussion of interest rates around the conditions under which borrowing costs can be lowered. Traders were relieved that Powell slammed the door shut for further hikes, helping gold prices climb back above $2,300, City Index senior analyst Matt Simpson said. Lower interest rates increase the appeal of holding non-yielding bullion. The U.S. non-farm payrolls report is due on Friday.
Persons: Jerome Powell, Powell, Matt Simpson, Simpson Organizations: Federal Reserve, U.S ., Traders, City Index, U.S, Palladium, MKS PAMP
CNN —Francis Ngannou’s 15-month-old son Kobe has died, the MMA fighter and boxer posted on Monday. “Too soon to leave but yet he’s gone,” Ngannou wrote on Instagram. “My little boy, my mate, my partner Kobe was full of life and joy. I shouted his name over and over but he’s not responding.”Ngannou didn’t disclose the cause of his son’s death. I’m f*cking tired.”Many of Ngannou’s contemporaries offered their condolences to the 37-year-old fighter, including former UFC champion Conor McGregor.
Persons: CNN — Francis Ngannou’s, , ” Ngannou, Kobe, he’s, ” Ngannou didn’t, , Ngannou, Conor McGregor, Francis, Marquel Martin, ” Martin, We’ve, Eric Nicksick, “ You’ve, ” Nicksick, “ Lean, we’ll, You’re, Tyson Fury, Anthony Joshua Organizations: CNN, MMA, UFC Locations: Kobe
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