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☆ Japan's yen hits 34-year-low, heating talk of intervention
▼ + stars: | 2024-03-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan's efforts to protect the yen while slowing the pace of rising bond yields are becoming increasingly clear in currency and debt markets. The yen was last at 151.22 against the dollar at 10:19 a.m. London time after paring back some losses. The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency. "There is now a higher chance of Japanese FX intervention.

Persons: Kentaro Takahashi, Shunichi Suzuki, Masato Kanda, Kanda Organizations: Bloomberg, Getty, U.S ., Bank of Japan, Financial Services Agency, Reuters, FX, Commonwealth Bank of Australia, Bank of America Global Research Locations: Kyoto, Japan, London

☆ Some VCs are over the Sam Altman hype
▼ + stars: | 2024-03-26 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

In late 2023, when OpenAI sought $300 million from investors, CEO Sam Altman chose a different approach. In some corners of this clubby world, over $7 coffee and artisanal cocktails, the meteoric rise of OpenAI and Sam Altman is giving way to an inevitable backlash. "He's a kingmaker," a Silicon Valley startup founder and angel investor who knows Altman. Sam Altman and OpenAI did not respond to requests for comment. A certain somethingMany of the VCs who spoke with BI said Altman has a certain something.

Persons: —, OpenAI, Sam Altman, Altman, they'd, I've, Ali Ghodsi, Altman's, Ghodsi, Steve Jobs's, Paul Graham, he's, Sam, Jack Altman, It's, it's, Elon, Alexander the Great, Adam Neumann Organizations: Service, NEA, Business, Altman's, The Washington Post, The, YC, BI, WeWork Locations: Sequoia, Silicon Valley, The, San Francisco

☆ My children and I inherited $741,000 from my aunt. I made one mistake with the money that I wish I could take back.
▼ + stars: | 2024-03-26 | by ( Sarah Adams | ) www.businessinsider.com time to read: +6 min

As I've navigated the process of inheriting money, I've concluded this is spot on, but it comes down to how each of those classes teaches (or fails to teach) their children financial competence. I grew up with a "poor" mentality and knew I wanted to make better financial decisions for my future children. I directed the funds to separate savings accounts for my children at the local bank I had used for years. Even if I didn't traditionally invest, online savings accounts now offer up to 5% interest. AdvertisementWhen I inquired about withdrawing funds to invest or even closing the savings accounts in favor of something more financially smart, I was rejected.

Persons: —, I've, Adams, Sarah Adams, Bobbi, inheritances, wasn't Organizations: Service, Business, Toyota Locations: New York, England

The yield on the 2-year Treasury yield was flat at 4.593%. The 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day's data points and looked ahead to key inflation figures later in the week. Last week, the central bank indicated that rates will fall this year, although Chairman Jerome Powell stressed that the economic outlook remains uncertain. The Dallas Fed manufacturing index for March also fell to -14.4, below expectations, although the Chicago Fed national activity index improved. There are also several auctions on the slate, including of 17-week, 4-week and 8-week Treasury bills.

Persons: Jerome Powell, Raphael Bostic, Jim Reid, Reid Organizations: Treasury, Federal Reserve, Atlanta Fed, Deutsche, Dallas Fed, Chicago Fed, Richmond Locations: U.S

☆ The Fed is going to make inflation worse with rate-cut promises, former central banker says
▼ + stars: | 2024-03-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed could be making inflation even hotter with its promises of rate cuts. That's according to former Fed Governor Kevin Warsh, who says the central bank is "goosing" the economy. AdvertisementThe Federal Reserve could be mucking up the economy with its promises that it will cut interest rates later this year, according to former central banker Kevin Warsh. Related stories"The Treasury Department, the Federal Reserve … are goosing this economy," Warsh said. "A Fed promising to cut rates even as asset prices are melting up."

Persons: Kevin Warsh, —, Warsh Organizations: Service, CNBC, Federal Reserve, Fed, Treasury Department, Federal

☆ My children and I inherited nearly $750,000 from my aunt. I spent some of it wisely, but I made one mistake I can't take back.
▼ + stars: | 2024-03-26 | by ( Sarah Adams | ) www.businessinsider.com time to read: +6 min

She put her children's shares in traditional savings accounts, and she wishes she had invested it. As I've navigated the process of inheriting money, I've concluded this is spot on, but it comes down to how each of those classes teaches (or fails to teach) their children financial competence. I directed the funds to separate savings accounts for my children at the local bank I had used for years. Even if I didn't traditionally invest, online savings accounts now offer up to 5% interest. AdvertisementWhen I inquired about withdrawing funds to invest or even closing the savings accounts in favor of something more financially smart, I was rejected.

Persons: Sarah Adams, —, I've, Adams, Bobbi, inheritances, wasn't Organizations: Service, Toyota Locations: England, New York

☆ Pope Francis skips homily at Palm Sunday Mass in rare move
▼ + stars: | 2024-03-24 | by ( Christopher Lamb | ) edition.cnn.com time to read: +2 min

CNN —Pope Francis unexpectedly skipped delivering his homily during the Palm Sunday Mass service at the Vatican on Sunday, although was able to preside over the service and was later driven around in the popemobile. Crowds gather in St. Peter's Square during the Palm Sunday mass. Gregorio Borgia/APWhile the pope has occasionally skipped homilies on Easter Sunday, it is the first time he has not given a homily on Palm Sunday. Francis told the crowd at St. Peter’s Square that he was praying for the “victims of the vile terrorist attack,” the worst that Russia has suffered in recent decades. He is to travel to a prison outside of Rome on Thursday to celebrate the foot washing ritual with female prisoners, and on Good Friday be present at services in St Peter’s and the Colosseum.

Persons: Pope Francis, Francis, Gregorio Borgia, Angelus Organizations: CNN, Peter's, Sunday, RAI, Holy Locations: St, Ukraine, Moscow, Russia, Rome, St Peter’s

☆ China is reportedly developing military drones that can split into 6 to overwhelm enemy defenses
▼ + stars: | 2024-03-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The multiplying drones could expand into swarms that would confuse air defense systems, experts told Business Insider. But even when separated into single units, these drones' flight efficiency remains 40% higher than most small drones. Advertisement"When drones are detected, defense systems deploy a certain amount of resources proportional to the threat. If that threat suddenly multiplies, it provides an opportunity to overwhelm the air defense resources being deployed," Shumate said. Small, affordable drones are reshaping the modern battlefield in unprecedented ways, and forcing militaries to rapidly modernize their defense systems.

Persons: —, Getty, Will Shumate, Shumate, Huang, Sean Gallup, Admiral John Aquilino, Admiral Aquilino Organizations: Service, China Morning Post, Nanjing University of Aeronautics, Astronautics, Acta Aeronautica, Army, RAND, Getty, US Army, Pacific Command, Armed Locations: China, Russia, Ukraine

5 seed San Diego State held off 12th-seeded UAB 69-65 on Friday in the first round of the NCAA Tournament. Quiet for most of the second half, LeDee scored on three straight possessions for the Aztecs (25-10) after UAB took a 56-53 lead. 13 seed Yale in the second round on Sunday. The Blazers' leading scorer, Yaxel Lendeborg, got into early foul trouble trying to defend LeDee and finished with 11 points. 13 seed Furman in the second round after knocking off 12th-seeded Charlotte.

Persons: Lamont Butler, LeDee, Butler, UAB’s Efrem Johnson, Reese Waters, Johnson, Yaxel Lendeborg, Eric Gaines, Charlotte, ___ Organizations: San Diego State, UAB, NCAA, Aztecs, SDSU, San, Auburn, Yale, Blazers, LeDee, American Athletic Conference, Furman Locations: SPOKANE, San, East Region, San Diego State, Houston

☆ I've made simple changes in my life so that I can retire at 40 and move to the Philippines. There are 3 years left, and I'm on track.
▼ + stars: | 2024-03-19 | by ( Amanda Goh | ) www.businessinsider.com time to read: +6 min

The couple's tiny house and land as seen from above. AdvertisementI don't live in the Philippines full-time yet but the plan is for us to settle into a house that we build there eventually. Leading up to that, I decided to build a tiny house to see what the experience would be like. The exterior of the couple's tiny house. At that point, we'll live in the tiny house as we build our dream bungalow-style home on the main lot.

Persons: —, Brandon Turrell, I'd, it's, Arlene, I've, It's, I'm Organizations: Service, Business, Financial Independence, FIRE Locations: Washington, Philippines, Puyallup , Washington, Tacoma, It's, Southeast Asia, Leyte, Manila, Tanauan

☆ Fed Meets Amid Worries That Inflation Progress Might Stall
▼ + stars: | 2024-03-19 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Slowing America’s rapid inflation has been an unexpectedly painless process so far. That flatline is stoking questions about whether the final phase in fighting inflation could prove more difficult for the Federal Reserve. Fed officials will have a chance to respond to the latest data on Wednesday, when they conclude a two-day policy meeting. The Fed’s most recent economic estimates, released in December, suggested that Fed officials would make three quarter-point rate cuts by the end of 2024. Some economists think it’s possible that officials could dial back their rate cut expectations, projecting just two moves this year.

Organizations: Federal Reserve, Fed

Germany’s DAX added 0.1% to 17,959.35 and the FTSE 100 in London edged 0.1% higher to 7,731.73. Markets are awaiting a decision by the Bank of Japan on Tuesday on whether to raise its benchmark interest rate for the first time in 17 years. The Hang Seng in Hong Kong edged 0.1% higher to 16,737.12, and the Shanghai Composite index gained 1% to 3,084.93. Elsewhere, Australia’s S&P/ASX 200 edged 0.1% higher to 7,675.80, and the Kospi in South Korea advanced 0.7%, to 2,685.84. A report on consumer prices last week showed inflation remains stubborn, ticking up to 3.2% in February from 3.1% in January.

Persons: Germany’s DAX, Australia’s Organizations: Japan’s, Federal Reserve, CAC, Dow Jones, Nikkei, Bank of Japan, Honda Motor, Dongfeng Motor, Nasdaq, Software, Adobe, Microsoft, Broadcom, Google, University of Michigan, Fed, Traders, CME Group, New York Mercantile Exchange, Brent, U.S Locations: HONG KONG, London, Paris, Tokyo, Hong Kong, Shanghai, China, South Korea, India, Bangkok, U.S

HONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. Markets are awaiting a decision by the Bank of Japan on Tuesday on whether to raise its benchmark interest rate for the first time in 17 years. A report on consumer prices last week showed inflation remains stubborn, ticking up to 3.2% in February from 3.1% in January. Another report on prices at the wholesale level also showed inflation remains hotter than Wall Street expected. The Fed's main rate remains at its highest level since 2001.

Persons: Australia’s Organizations: Japan’s, Federal Reserve, Nikkei, Bank of Japan, Dow Jones, Nasdaq, Technology, Software, Adobe, Microsoft, Broadcom, Google, University of Michigan, Fed, Traders, CME Group, New York Mercantile Exchange, Brent, U.S Locations: HONG KONG, Tokyo, Hong Kong, Shanghai, South Korea, India, Bangkok, U.S

☆ Weight loss drug Wegovy is now approved for heart health — but that won't mean broad insurance coverage just yet
▼ + stars: | 2024-03-16 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +12 min

The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in the U.S. for heart health, too. The spokesperson added that state Medicaid programs would be required to cover Wegovy for its new cardiovascular use. But Gremminger said the standard of care for the long-term use of weight loss drugs is "in flux." State employees will no longer have insurance coverage for GLP-1s when used for weight loss at the beginning of next month. Both drugmakers have launched programs to help patients, with or without commercial insurance coverage, afford their weight loss treatments.

Persons: Klesty, John Crable, Wegovy, Jaime Almandoz, Joe Buglewicz, Shawn Gremminger, Hartley, Gremminger, Dale Folwell, We've, Folwell, Phelan M, Eli Lilly, Ceci Connolly, Julie Stich Organizations: Reuters, Novo Nordisk, CNBC, Medicare, Services, FDA, CVS, Aetna, International Foundation of Employee, Drug Administration, University of Texas Southwestern Medical Center, Washington Post, Getty, National Alliance of Healthcare, Taft, Nordisk, Nordisk's Ozempic, GOP, Carolina, Republican Governors Association, AP, Alliance of Community Health, U.S . Health, IFEBP, BMI Locations: U.S, Novo, Dallas, North Carolina, Orlando , Florida

☆ Starship’s monumental third flight ends unexpectedly
▼ + stars: | 2024-03-16 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Instead, the company utilizes flight tests to gather crucial data and make improvements before the next vehicle rolls out for liftoff. Defying gravityThe SpaceX Starship spacecraft lifts off from the Starbase in Boca Chica, Texas, on Thursday. Chandan Khanna/AFP/Getty ImagesStarship’s eventful third test flight achieved multiple milestones before ending prematurely and likely breaking apart. The spacecraft was expected to splash down in the Indian Ocean at the end of its hourlong flight, but SpaceX lost Starship’s signal shortly after the vehicle reentered Earth’s atmosphere. However, the third flight of Starship flew longer and higher than either of the previous tests.

Persons: Chandan Khanna, axolotls, Stephen Dalton, ”, Randal Voss, Jiji Press, James Webb, “, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, SpaceX, Getty, Starship, University of Kentucky College of Medicine, NASA’s, Golden Records, Clipper, Japan Monkey, Jiji, Gorillas, James Webb Space Telescope, CNN Space, Science Locations: South Texas, Texas, Boca Chica , Texas, Turkey, Xochimilco, Inuyama, United States, Columbia , South Carolina, Panama, —, Scarborough , England

☆ Oil dips on profit taking after price crosses $85
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: +2 min

Brent crude oil futures for May fell 41 cents, or 0.5%, to $85.01 a barrel at 1234 GMT, after crossing $85 a barrel for the first time since November on Thursday. The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time since November as Houthi attacks disrupt Red Sea shipping. World oil demand will rise by 1.3 million bpd in 2024, the IEA said in its latest report, up 110,000 bpd from last month. Also supporting oil prices, Ukraine struck Russian oil refineries in a second day of heavy drone attacks on Wednesday, causing a fire at Rosneft's biggest refinery in one of the most serious attacks against Russia's energy sector in recent months. Lower interest rates cut consumer borrowing costs, which can boost economic growth and demand for oil.

Organizations: Brent, . West Texas, International Energy Agency, Rosneft's, Energy Information Administration, Federal Reserve Locations: Ukraine, United States

☆ House GOP Biden inquiry stalls as impeachment becomes less likely
▼ + stars: | 2024-03-15 | by ( Annie Grayer | ) edition.cnn.com time to read: +14 min

Hunter Biden arrives at the Thomas P. O'Neil Jr. House Office Building for a closed door deposition on February 28, in Washington, DC. Abbe Lowell makes a statement to the press following a closed-door deposition before the House Committee on Oversight and Accountability, and House Judiciary Committee in the O'Neill House Office Building on February 28, in Washington, DC. “He was well-prepared for the kind of questions,” Issa recounted of Hunter Biden. GOP focus shifts away from impeachment probeInvestigating the Biden family and going after President Biden was a top priority for House Republicans when they reclaimed the majority and got control of committees. GOP Rep. Ryan Zinke of Montana said the three Republican chairmen leading the impeachment inquiry have the same message: “They say we’re not in a position to go forward on impeachment.”

Persons: Joe Biden, Biden, Hunter Biden, James Comer, Jim Jordan, Comer, Donald Trump, Thomas P, O'Neil Jr, Countess, Merrick, Justice won’t, ” Comer, Mike Johnson, “, Jordan, Johnson, “ I’m, ” Johnson, Ralph Norman of, Troy Nehls, impeaching Biden, We’ve, Let’s, ”, ” Nehls, Alejandro Mayorkas, I’m, Trump, weaponized, ” Jordan, Vernon, Ed Siskel, ” Siskel, Hunter, Mary, ” Hunter, Abbe Lowell, Samuel Corum, Hunter Biden’s, Darrell Issa, ” Issa, Robert Hur, Garret Graves, Chip Roy, Texas, Lisa McClain, Richard Hudson of, it’s, Nick LaLota, ” Norman, Ryan Zinke Organizations: House Republicans, Department of Justice, CNN, Fox News, Merrick Garland’s Department, Justice, Louisiana Republican, ” Staff, GOP, Caucus, Democratic, Homeland, Senate, Trump, White, Getty, Committee, Republican, of, Hunter Biden, Republicans, Internal Revenue Service, Judiciary, House, House Republican, “ Locations: Washington ,, Merrick Garland’s, Louisiana, House, Ralph Norman of South Carolina, Texas, Georgia, Miami, Vernon Hill, Florida, O'Neill, Washington , DC, California, Lisa McClain of Michigan, Richard Hudson of North Carolina, New York, Montana

☆ The burning acid behind ant stings was spotted around two stars
▼ + stars: | 2024-03-15 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Astronomers using the James Webb Space Telescope have detected commonplace chemical ingredients found in vinegar, ant stings and even margaritas around two young stars, according to NASA. The complex organic molecules they observed using the space observatory’s Mid-Infrared Instrument included acetic acid, a component of vinegar, and ethanol — otherwise known as alcohol. The team also found simple molecules of formic acid, which causes the burning sensation associated with ant stings, as well as sulfur dioxide, methane and formaldehyde. Stars form from swirling clouds of gas and dust, and the leftover material from star formation gives rise to planets. Detecting complex organic molecules in space is helping astronomers to determine the molecules’ origins as well as those of other larger cosmic molecules.

Persons: James Webb, Carl Sagan, “, Webb, detections, ”, Will Rocha, Young, Ewine van Dishoeck, Harold Linnartz, Linnartz, “ Harold, ” van Dishoeck Organizations: CNN —, NASA, ESA, Hustak, Leiden University, Astrophysics, Leiden Laboratory Locations: astrochemistry, Netherlands, ices

☆ Retail traders are making some surprising moves in the latest week
▼ + stars: | 2024-03-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Retail traders bought billions of dollars worth of cash equities over the past week on net, according to data compiled by JPMorgan's Peng Cheng. With those gains, he said traders bought into Apple and Alphabet , which have both largely sat out of the broader market rally this year. By comparison, investors bought more than half a billion dollars of Alphabet when accounting for outflows. Neither tech stock made the list of top 25 securities by retail net inflows in the previous week. Outside of big tech, Cheng noted that retail investors snapped up shares of beat-down Boeing , which is facing a crisis surrounding its 737 Max 9s after a door panel blew out midflight.

Persons: JPMorgan's Peng Cheng, Cheng, SPX, Max, LSEG Organizations: Retail, Nvidia, Meta, Apple, Trust, outflows, Boeing, Dow Jones, Broadcom, Costco Locations: Japan

☆ Oil prices underpinned by U.S. inventory data, attacks on Russian refineries
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: +2 min

This picture taken on Jan.12, 2024 shows onshore oil pumps in Tutong district in Brunei. Oil extended gains in Asian trade on Thursday after a surprise drop in U.S. crude stockpiles indicated strengthening demand, while possible supply disruptions following Ukrainian attacks on Russian refineries also underpinned prices. After seriously damaging Lukoil's refinery in Nizhny Novgorod on Tuesday, Ukraine hit refineries in the Rostov and Ryazan regions, Russian officials said. Two sources familiar with the situation told Reuters that the refinery had been forced to shut down two primary oil refining units. Gasoline inventories slid for a sixth straight week, falling by 5.7 million barrels to 234.1 million barrels, the EIA said, triple the expectations for a 1.9 million-barrel draw.

Persons: Vladimir Putin Organizations: Oil, U.S, West Texas, Rosneft's, Reuters, Energy Information Administration, EIA Locations: Tutong district, Brunei, Brent, Ukrainian, Nizhny Novgorod, Ukraine, Rostov, Ryazan, Rosneft's, Russian, Russia, U.S, Gulf

☆ Geert Wilders abandons Dutch PM bid despite election victory
▼ + stars: | 2024-03-14 | by ( Christian Edwards | ) edition.cnn.com time to read: +3 min

CNN —Populist firebrand Geert Wilders has conceded that he will not become the next prime minister of the Netherlands because his potential coalition backers have refused to back him. “I can only become Prime Minister if ALL parties in the coalition support it. Similarly, Swedish Prime Minister Ulif Kristersson relies on the votes of the increasingly Euroskeptic, anti-immigrant Sweden Democrats. Despite admitting defeat this time, Wilders pledged to continue his push to become prime minister in the future. “Don’t forget: I will still become Prime Minister of the Netherlands.

Persons: Geert Wilders, Wilders ’, “, Wilders, ” Wilders, ”, Mark Rutte, Pieter Omtzigt, sanitaire, Jean, Marie Le Pen, Marine, Lionel Jospin, Jacques Chirac, Petteri Orpo, Sanna Marin, Ulif Kristersson, Robert Fico, “ Don’t Organizations: CNN, Democracy Party, Social Contract Party, European Union, National, Socialist, Socialists, Finns Party, Swedish, Sweden Democrats, Georgia Meloni Locations: Netherlands, Europe, Ukraine, Finland, Sweden, Georgia, Italy, Slovakia

☆ Recession-hit Britain swings to economic growth in January, helped by construction bounce
▼ + stars: | 2024-03-13 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

People walk along Waterloo Bridge past the City of London skyline, the capital's financial district, on a sunny and mild day. LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly. It follows a 0.1% contraction in December, while the U.K. economy entered a shallow recession in the second half of last year. Construction output was 1.1% higher in January, the ONS said, but fell 0.9% over a three-month period. Services recorded 0.2% growth in January, providing the biggest contribution to growth, as production output fell 0.2%.

Organizations: LONDON, National Statistics, Reuters, Services Locations: London, U.K

☆ Real-Estate Agents Use 'Steering' to Hide Cheap Houses From Homebuyers
▼ + stars: | 2024-03-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Technically, the seller can promise as little as $0 to the buyer's agent; after all, why pay for someone you didn't hire? But multiple agents told me there are all kinds of ways shady practitioners try to skirt the rules. Critics say the stickiness of the going commission rate is evidence of steering's ubiquity. He said buyers' agents might call and say, "'Why is there no buyer's commission?" There are lots of willing brokers out there; if you suspect steering, agents told me, you've got plenty of options for a second opinion.

Persons: should've, Redfin, Julie —, Julie, Wendy Gilch, Gilch, they're, Doug Miller, Real, Rex, Keller Williams, I'm, Brendon Bowers, we're, Stephen Brobeck, Brobeck, they'll, you've, Rich, they've Organizations: Department of Justice, National Association of Realtors, Business, Facebook, Realtors, NAR, Consumer Federation of America, DOJ Locations: America, Minnesota, Austin, Houston, Kansas City , Missouri, Phoenix

☆ Rising unemployment poses the biggest threat to a soft landing, Nobel economist Paul Krugman says
▼ + stars: | 2024-03-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A US soft landing looks likely, but rising unemployment is cause for worry, Paul Krugman wrote in The New York Times. AdvertisementThe US economy is comfortably in soft landing territory, but Paul Krugman says it isn't altogether clear that it will stay that way. February's jobs report triggered these concerns, as the unemployment rate unexpectedly rose to 3.9% from 3.7%. Krugman notes that on other fronts, however, soft landing advocates have a stronger case. While consumer price index inflation data has outpaced expectations two months in a row now, these recent reports are not completely in line with reality, Krugman wrote.

Persons: Paul Krugman, —, He's, Krugman, David Rosenberg, That's, Biden, we're Organizations: The New York Times, Service, New York Times

☆ A comet larger than Everest will streak through the night sky in the coming weeks. Here's how to see it.
▼ + stars: | 2024-03-12 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

A green comet, nicknamed the "devil comet," is becoming visible in the night sky. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The next few weeks offer a unique opportunity to witness a rare, green comet streaking through the night sky. It should become increasingly visible to the naked eye as it approaches the sun over the next month. This earned the comet nicknames like the Devil Comet or the Millennium Falcon Comet.

Persons: Pons, Brooks, —, Space.com, Brook Organizations: Service, Northern, Southern Hemisphere

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