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ET, the 10-year Treasury yield was up by over two basis points to 4.4374%. The 2-year Treasury yield was last at 4.8626% after rising by nearly three basis points. U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve speakers about the outlook for inflation and interest rates. A series of Fed officials on Tuesday urged patience when it comes to rate cuts as inflation remains above the Fed's 2% target. On Wednesday, further Fed officials are set to give remarks and minutes from the central bank's latest meeting are due to be released.
Persons: Christopher Waller, Susan Collins, Raphael Bostic Organizations: U.S, Treasury, Federal Reserve, Boston Fed, Atlanta Fed
One person died aboard a Singapore Airlines flight which encountered severe turbulence and diverted to Bangkok, the airline said Tuesday. The flight had left London for Singapore. "Singapore Airlines flight #SQ321, operating from London (Heathrow) to Singapore on 20 May 2024, encountered severe turbulence en-route. The aircraft diverted to Bangkok and landed at 1545hrs local time on 21 May 2024," it added. The Aviation Safety Network has recorded seven incidents for Singapore Airlines, last logging fatalities for one of the company's flights in October 2000, when 83 people were said to have died.
Organizations: Singapore Airlines, Suvarnabhumi, Boeing, Facebook, Aviation Safety Network Locations: Bangkok, London, Singapore
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ET, the yield on the 10-year Treasury was down by less than one basis point to 4.4335%. The 2-year Treasury yield was last at 4.8371% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors considered the path ahead for inflation and interest rates following a series of remarks from Federal Reserve speakers. Investors assessed the state of the economy, especially regarding inflation, and how this may affect interest rates. On the data front, existing as well as new home sales figures and durable goods orders data are due this week.
Persons: Philip Jefferson, Michael Barr, Barr Organizations: Treasury, Federal Reserve, Investors, Fed
Costfoto | Future Publishing | Getty ImagesLONDON — Pharmaceutical company AstraZeneca on Tuesday said it planned to increase its total revenue to $80 billion by 2030 — up 75% from $45.8 billion in 2023. AstraZeneca will focus on its oncology, biopharmaceuticals and rare diseases businesses and expects to release an additional 20 medicines in the next six years. "Many of them have the potential to be $5 billion drugs," Sarin noted. A company statement detailed that this revenue figure could be hit annually for many of the new medicines in peak years. "For the entire market to get replaced it will take time, but we think we have the technology today to start replacing them," Sarin told CNBC.
Persons: CNBC's Arabile Gumede Organizations: Astrazeneca, Artificial Intelligence, — Pharmaceutical, AstraZeneca, CNBC, U.S . FDA, Pharmaceuticals, Investments Locations: Shanghai, China, Europe, London, Singapore
LONDON, ENGLAND - MAY 19: Julian Assange gestures as he speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. Photo by Jack Taylor/Getty Images) Jack Taylor | Getty Images News | Getty ImagesLONDON — WikiLeaks founder Julian Assange has the right to appeal against his extradition to the U.S., a high court in London found Monday. The U.K. court also requested assurances that Assange would not face the death penalty. Assange supporters celebrateStella Assange, wife of WikiLeaks founder Julian Assange, speaks outside court after the ruling to grant permission for appeal, on May 20, 2024 in London, England. Peter Nicholls | Getty Images News | Getty Images
Persons: Julian Assange, Jack Taylor, Edward Fitzgerald, Assange, Benjamin Cremel, Fitzgerald, James Lewis, Stella Assange, Peter Nicholls Organizations: Getty, WikiLeaks, Reuters, of Justice, Britain's, Afp, Royal, Monday, U.S Locations: ENGLAND, Ecuador, London, England, U.S, Afghanistan, Iraq, Ecuadorian
ET, the yield on the 10-year Treasury yield was at 4.4179% after falling by less than one basis point. The 2-year Treasury yield was last up by less than one basis point to 4.8180%. U.S. Treasury yields were little changed on Monday as investors looked ahead to fresh economic data and comments from Federal Reserve officials slated for the week. Investors awaited the latest economic data and comments from Federal Reserve officials as they weighed the state of the economy and the outlook for interest rates. The Fed left interest rates unchanged at its last meeting, and indicated that interest rates would not be cut until policymakers were more confident about inflation easing to its 2% target.
Organizations: U.S, Treasury, Federal Reserve, Investors, CPI
Read previewWarning: Spoilers ahead for "Bridgerton" season three, part one. Fans are lauding season 3 for its representation of people with disabilitiesZak Ford-Williams as Lord Remington on season three of "Bridgerton." — Michelle Birkby (@michelleeb) May 16, 2024Today is Global Accessibility Awareness day and @bridgerton season 3 premier day. Francesca Bridgerton is autistic. Francesca isn't explicitly stated as being on the autism spectrum in Julia Quinn's 'Bridgerton' novels or on the TV seriesHannah Dodd as Francesca Bridgerton on season three, episode two of "Bridgerton."
Persons: , Penelope Featherington, Nicola Coughlan, Colin Bridgerton's, Luke Newton, Francesa Bridgerton, Hannah Dodd, Francesca, Dodd, Jess Brownell, Zak Ford, Williams, Lord Remington, Dolores Stowell, Kitty Devlin, Queen Charlotte, Golda Rosheuvel, Dolores, Lady Stowell, Sophie Woolley, Penelope, Colin ., Whistledown —, Michelle Birkby, — Chanel 🏒, emington,, ady, ord, J, ady V, eason, ord J ohn, ong, ohn, tirling, ove, ike Organizations: Service, Business, Netflix, ust Locations: isible
Benedict Bridgerton has a new love interest on season three of "Bridgerton" — a widow named Lady Tilley Arnold who's in no rush to remarry but is enjoying the company of the titular family's second-born sibling. AdvertisementLady Tilley Arnold doesn't appear in Julia Quinn's Bridgerton book seriesHannah New as Lady Tilley Arnold on season three, episode three of "Bridgerton." Hannah New as Lady Tilley Arnold and Luke Thompson as Benedict Bridgerton on season three, episode three of "Bridgerton." Does Benedict Bridgerton end up marrying Lady Tilley Arnold? Hannah New as Lady Tilley Arnold and Luke Thompson as Benedict Bridgerton on season three, episode three of "Bridgerton."
Persons: , Benedict Bridgerton, Lady Tilley Arnold who's, Hannah New, Benedict, Luke Thompson, Tilley, Julia Quinn's, Lady Tilley Arnold doesn't, Julia Quinn's Bridgerton, Lady Tilley Arnold, Liam Daniel, Netflix Lady Tilley Arnold isn't, Lord Hawkins, she's, Hawkins, Lady Hawkins, Tilley's, Charlotte's, Golda Rosheuvel, Eloise Bridgerton's, Theo Sharpe, Sophie Beckett, Jess Brownell Organizations: Service, Business, Netflix, TV Locations: Mayfair
CNN —The Israeli military announced Friday that it has recovered the bodies of three hostages from a tunnel in the Gaza Strip. The hostages were identified as Shani Louk, Amit Bouskila, and Itshak Gelernter, IDF spokesperson Rear Admiral Daniel Hagari said in a press conference in Tel Aviv. All three were killed while escaping the Nova music festival and their bodies taken into Gaza, he said. “They were celebrating life in the Nova music festival and they were murdered by Hamas,” he said. The IDF believed that of those 132 hostages, 40 are believed to be dead, including two who were taken in 2014.
Persons: Shani Louk, Amit Bouskila, Itshak Gelernter, Daniel Hagari, , , Hagari, Benjamin Netanyahu, Sara, Louk, Netanyahu Organizations: CNN, Nova, Israeli Ministry of Foreign Affairs, IDF, Hamas Locations: Gaza, Tel Aviv, Israel, Cairo, Rafah
ET, the yield on the 10-year Treasury was up by less than one basis point 4.3788%. The 2-year Treasury yield was last at 4.7799% after dipping by just over one basis point. U.S. Treasury yields held steady on Friday as investors considered the state of the economy as they digested the week's economic data. Investors weighed the state of the U.S. economy and the path ahead for monetary policy after the latest economic data and comments from Federal Reserve officials. Fed officials in recent weeks have indicated caution when it comes to monetary policy plans, especially regarding interest rate cuts.
Persons: Dow Jones, Raphael Bostic Organizations: Treasury, Investors, Federal Reserve, Atlanta Fed Locations: U.S
Mostafa Alkharouf/Anadolu/Getty ImagesThe Israel Defense Forces (IDF) says that the operation in Rafah remains limited in scope, while it continues operating in two other parts of Gaza. The operation was aimed at locating tunnel shafts operated by Hamas and had recovered “ammunition of many types,” including anti-tank missiles. While a broader offensive has been long expected in Rafah, Israel is battling elsewhere in Gaza to prevent Hamas regrouping. Shoshani said operations were continuing in Jabalya, in northern Gaza, and in Zeitoun, in central Gaza. He said the deaths of five Israeli soldiers on Wednesday night in Jabalya – in Israeli tank fire - came amid fighting in a “dense, very complicated area.”
Persons: Mostafa Alkharouf, Nadav Shoshani, ” Shoshani, , Shoshani Organizations: Getty, Israel Defense Forces, IDF International, CNN, Hamas Locations: Gaza, Anadolu, Rafah, Israel, Jabalya, Zeitoun, Jabalya –
Karl-Josef Hildenbrand | Picture Alliance | Getty ImagesGerman technology giant Siemens on Thursday reported a drop in profit at its industrial business in the fiscal second quarter and said its automation division had slowed. The company's industrial profit came in at 2.51 billion euro ($2.73 billion) in the three months ending in March, down 2% from the same quarter last year. The figure was also below the company-compiled analyst forecast of 2.68 billion euro which was reported by Reuters. Net income fell to 2.2 billion euro in the three months to the end of March, down 38% year-on-year, while sales shed 1% to 19.16 billion euro. watch nowSiemens focuses on automation and digitalization and produces technology for a range of sectors such as transport and healthcare.
Persons: Karl, Josef Hildenbrand, Roland Busch, CNBC's Annette Weisbach, Busch Organizations: Getty, Siemens, Reuters Locations: Bavaria, Munich, London
The annual Space-out competition, held on Sunday, finds who’s best at zoning out for 90 minutes without falling asleep, checking their phone or talking. Speed skater Kwak Yoon-gy takes part in the annual Space-out competition held on Sunday in Seoul. 26-year-old YouTuber Kim Seok-hwan zones out as he participates in the annual Space-out competition held on Sunday in Seoul. CNNThis year marks the tenth anniversary of the Space-out competition, founded by a visual artist, who goes by the pseudonym Woopsyang, after she suffered severe burnout. Charlie Miller/CNNSince the first Space-out competition was held in Seoul in 2014, it has expanded internationally, with contests taking place in various cities such as Beijing, Rotterdam, Taipei, Hong Kong and Tokyo.
Persons: who’s, Kwak Yoon, Charlie Miller, CNN “, , , Kim Seok, ” Woopsyang, Kwon, Auguste Rodin, Auguste Rodin's, ” Kwon Organizations: CNN, Olympics Locations: Seoul, Beijing, Rotterdam, Taipei, Hong Kong, Tokyo, Korea
Taylor Swift performs during The Eras Tour at the National Stadium in Singapore on March 2, 2024. Taylor Swift's Eras Tour is set to provide a £997 million ($1.2 billion) boost to the U.K. economy, according to Barclays, which predicts fans will spend an average £848 to see the singer. Barclays' "Swiftonomics" report said the average amount spent on an Eras Tour ticket is £206. The bank also expects ticket-holders to splash out an average of £79 on official merchandise on the U.K. leg of the Eras Tour, which kicks off in June. Based on that total spend of £848 by nearly 1.2 million ticket-holders, across 15 nights at four stadiums, Barclays predicted that the tour will rake in £997 million.
Persons: Taylor Swift, Taylor, Elvis, Beatlemania, Peter Brooks, Swift, Beyoncé, Bruce Springsteen, Filip Andersson, — CNBC's Sophie Kiderlin Organizations: Barclays, Danske Bank, CNBC Locations: Singapore, That's, Stockholm, Sweden
Here’s what we know so far about the escaped inmate, as a search involving hundreds of police officers enters its second day. ‘Well known’ to authoritiesMohamed Amra, nicknamed “La Mouche” or “The Fly,” is “very well known” to the French justice system having sustained a total of 13 convictions, according to Paris state prosecutor Laure Beccuau. It is understood that Amra had attempted to escape from Évreux prison two days prior to the ambush. So colleagues moved him to a disciplinary unit.”In an interview on French radio, Amra’s mother said she broke down crying when she heard about the deadly ambush. French Justice Minister Eric Dupond-Moretti told reporters that the incident was the first time a French prison employee has died while working since 1992.
Persons: Mohamed Amra, , Laure Beccuau, Amra, Amra’s, Hugues Vivier, Beccuau, BFMTV, Emmanuel Baudin, , France’s, Christophe Petit Tesson, Gerald Darmanin, Eric Dupond, Moretti, Emmanuel Macron Organizations: CNN, Reuters, France’s RTL, Interpol Locations: Normandy, France, Rouen, Évreux, Paris, Marseilles, Marseille
The 2-year Treasury yield was last at 4.8061% after falling by over one basis point. U.S. Treasury yields were lower on Wednesday is investors considered the outlook for inflationary pressures and awaited the latest consumer price index data. The producer price index for April, which tracks wholesale prices, came in higher than expected on Tuesday. This comes ahead of the consumer price index for April which is expected to be released Wednesday. On an annual basis, inflation is anticipated to slow slightly to 3.4% from 3.5% in March.
Persons: Dow Jones, Jerome Powell Organizations: Treasury, Investors, Labor Department's Bureau of Labor Statistics, PPI, Core CPI
Read previewSophie Turner has confirmed the hunches of Swifties everywhere, praising Taylor Swift as a "hero" with a "heart of gold." In an interview with British Vogue published Wednesday, Turner discussed her nascent friendship with Swift. Gotham/GC ImagesSwift and Turner have known each other for years, though according to British Vogue, Turner "hadn't felt she was able to cultivate the friendship" — presumably because Swift dated Jonas as a teenager. "It was really surreal, like a fever dream," Turner told British Vogue. You are a good mum and you've never been a partier,'" Turner told British Vogue.
Persons: , Sophie Turner, Taylor Swift, Turner, Swift, Joe Jonas, Taylor, I've, hadn't, Jonas, bander, Willa, Delphine, you've, it's, I'm Organizations: Service, Vogue, Business, British Vogue, TMZ Locations: New York City, British
May 2024: Turner opens up about her divorce for the first time in an interview with British Vogue. While Jonas was photographed out and about with their kids, Turner was mom-shamed and accused of being a partier. "It hurt because I really do completely torture myself over every move I make as a mother — mum guilt is so real! The "Game of Thrones" actor praised Taylor Swift for letting Turner stay at her New York home for free. "Joe is a great father to our children and that's all that I can ask for."
Persons: Turner, Sophie Turner, Pascal Le Segretain, Louis Vuitton Turner couldn't, Joan, Jonas, you've, Taylor Swift, I've, she's, Joe Organizations: British Vogue Locations: Paris, New York
CNN —Sophie Turner is now the happiest she’s been in “a really long time,” but she went through struggle to get there. In an interview with British Vogue, the “Game of Thrones” actress talked bout her split last year with singer Joe Jonas after four years of marriage. Turner was the subject of some negative headlines after their breakup, which painted her as a party girl and Jonas a the more responsible parent. “I mean, those were the worst few days of my life,” she told British Vogue. “Now that I’m back home, I’m actually the happiest I’ve been in a really long time.
Persons: Sophie Turner, Joe Jonas, Turner, Jonas, , , Joan, you’ve, ’ ”, Joan ”, it’s, ” Turner, hadn’t, I’m, she’s, I’ve Organizations: CNN, British Vogue, I’m Locations:
CNN —There’s a new arrival on the list of the most popular baby names in the US. Officials also pointed out that pop culture is having an impact on the list of baby names that are rising in popularity the fastest. In a news release Friday, the Social Security Administration credited a social media influencer for inspiring the trend. Influencer Kaeli Mae, shown here attending New York Fashion Week in February, says she was surprised to learn of her name's rising popularity. Curtis Bonds/NetflixKihm traces the name’s rising popularity back even earlier, to 2015, when NFL player Cam Newton named his son Chosen.
Persons: CNN —, Mateo, Benjamin, “ Mateo, , Sophie Kihm, Kihm, Liam, Olivia, , it’s, Kaeli, Kaeli McEwen, Kaeli Mae, Influencer Kaeli Mae, Manny Carabel, McEwen, Nameberry, Alitzel, Chozen, Cobra Kai, Yuji Okumoto, Kai, Curtis Bonds, Cam Newton, Barbie, Ken Organizations: CNN, Social Security Administration, Social Security, New York, US Social Security Administration, Netflix, NFL Locations: United States
Michael M. Santiago | Getty ImagesEuropean stocks are now more attractive than their U.S. counterparts, according to Swiss Bank UBS , with factors such as economic data, interest rates and earnings playing a key role. In a note entitled: "A U-Turn: Favouring Europe over US equities," the bank's strategists said European stocks excluding the U.K. now outrank the U.S. on its "regional scorecard." UBS outlined a number of reasons for its "U-turn," especially given U.S. markets tend to outperform European ones. Indicators tracked by the bank — such as purchasing managers' index (PMI) data — suggest an upside risk to European GDP, and a downside risk to U.S. GDP, the bank said. Some of Europe's central banks have already begun easing, and the European Central Bank is expected to do so as soon as June.
Persons: Michael M Organizations: New York Stock Exchange, Santiago, Getty, Swiss Bank UBS, UBS, U.S, European Central Bank Locations: New York City, U.S, Europe, Japan, Swiss
Treasury yields dip as investors await key inflation data
  + stars: | 2024-05-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
ET, the yield on the 10-year Treasury was down by less than one basis point to 4.4747%. The 2-year Treasury yield was last at 4.8400% after falling by over one basis point. U.S. Treasury yields fell slightly on Tuesday as investors awaited fresh inflation data and looked to remarks from Federal Reserve policymakers. Investors looked to fresh key economic data and comments from Federal Reserve officials, scanning them for hints about the path ahead for monetary policy. This is the first of two key inflation reports slated for the week, with the consumer price index for April being expected Wednesday.
Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Investors, PPI, Dow, CPI
Ukraine's security services on Monday said they had prevented "terrorist attacks" by alleged Russian agents in Kyiv that were meant to take place on May 9. Explosive devices were meant to be detonate in several locations in Ukraine's capital Kyiv, including shops, the country's security services said in a Google-translated Telegram post. Explosives were allegedly also meant to be installed in a car that was to be parked near a popular cafe, the security services said. Ukrainian security services used counter-intelligence to identify the man behind the planned attack, they said in another Telegram post. The alleged Russian agent had also planned an attack that was meant to take place in February, which was also thwarted by Ukrainian security services, they said.
Persons: — Sophie Kiderlin Organizations: Explosives, Ukraine's, Monday Locations: Russian, Kyiv, Ukrainian, Moscow
Displaying art in your home? Here are some do's and don'ts
  + stars: | 2024-05-13 | by ( Lucy Handley | In | ) www.cnbc.com   time to read: +6 min
Andreas Von Einsiedel | Corbis Documentary | Getty ImagesThere are two common mistakes people make when hanging art in their homes, according to art consultant Louisa Warfield. People sometimes make the mistake of hanging artwork too high, according to art consultant Louisa Warfield. Louisa Warfield Art ConsultancyA guideline is to hang the work so that its center is about 150cm above the floor, Warfield said. Louisa Warfield Art ConsultancyIn a large home, a gallery wall might be about 160cm in height and about the width of the couch the art will hang above, Warfield said. Art collector Helen Sunderland Cohen said she aims for a "harmonious and balanced" environment when it comes to playing art.
Persons: Louisa Warfield, Andreas Von Einsiedel, Warfield, it's, David Price, Rachael Harding, , Louisa Warfield's, Sophie Carter, Yoko Kloeden, Helen Sunderland Cohen, Yinka Shonibare, Aimee Parrott, Prunella Clough, Simon Bejer, Sunderland Cohen Organizations: CNBC, Sunderland, City & Guilds School of Art Locations: British, Nigerian, London
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