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☆ Climate Change’s Hidden Costs Are the Most Damaging - The New York Times
▼ + stars: | 2024-04-16 | by ( R. Jisung Park | ) www.nytimes.com time to read: +2 min

Many of us realize climate change is a threat to our well being. Recognizing these hidden costs will be essential as we prepare ourselves for the warming that we have ahead of us. Responsibility for mitigating climate change on the local level lies in part with public institutions — not only in encouraging emissions reductions, but also in facilitating adaptation. Research shows that record-breaking heat waves are only part of the story. In California, our research shows that heat may have routinely caused 20,000 workplace injuries per year, only a tiny fraction of which were officially recorded as heat-related.

Organizations: Research Locations: United States, California

☆ If you're stranded on an island, a 'HELP' sign can actually save you — but there's an even better way to get rescued
▼ + stars: | 2024-04-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Read previewThree mariners stranded on an island in the Pacific Ocean were rescued earlier this month after they made a large "HELP" signal by laying out palm leaves on the beach — a scene right out of a movie. Beyond fires, Bigney said it's ideal to create signals with contrast. So in the case of the men stranded on Pikelot Atoll, palm leaves against bright white sand may've created enough contrast to be seen easily from afar. The Coast Guard said the men had access to food and water while stranded with their damaged boat. They thought to signal for help," she said, adding, "Oftentimes it is just a psychological game, in any situation."

Persons: —, Chelsea Garcia, Oliver Henry, Bigney, It's Organizations: Service, Federated, Business, Coast Guard, Navy, Coast, Survival Locations: Polowat, Federated States, Micronesia, Pikelot, Papa New Guinea

☆ The Masters: Scottie Scheffler is flying, but will leave tournament ‘at a moment’s notice’ if wife goes into labor
▼ + stars: | 2024-04-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —In his current form, it almost feels like nothing can stop Scottie Scheffler from clinching his second Masters crown – yet the world No. Speaking after his historic win, Scheffler dished out special praise to his support system at home in Dallas. Scheffler kisses his wife Meredith after clinching his first major title at Augusta National in 2021. David J. Phillip/APBurns joins Scheffler on baby watchScheffler isn’t the only player on baby alert – so too is friend and this week’s roommate Sam Burns. Phil Mickelson’s caddie Jim Mackay carried a beeper around all 72 holes of the 1999 US Open in case the golfer’s wife Amy went into labor.

Persons: CNN —, Scottie Scheffler, Bryson DeChambeau, Scheffler, ”, Meredith, ” Scheffler, Sara caddied, “, Arnold Palmer, Mike Ehrmann, Xander Schauffele, Rory McIlroy, David J, Phillip, AP Burns, Sam Burns, Burns, Caroline, “ It’s, ” Burns, Jamie Squire, Phil Mickelson’s caddie Jim Mackay, Amy, Mickelson agonizingly, Payne Stewart, Mickelson –, – Organizations: CNN, Augusta National, Arnold Palmer Invitational Locations: Augusta, Dallas

☆ One of the world’s highest cities starts rationing water as reservoirs fall to critical levels
▼ + stars: | 2024-04-11 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

But this marks the first time in recent history that Bogotá has been forced to implement water rationing measures. Mayor Carlos Galán announced that water rationing measures for Bogotá would begin on April 11. El Niño is a natural climate pattern originating in the Pacific Ocean along the equator, which influences weather around the globe. In a country as politically divided as Colombia, the urgency of addressing El Niño is a rare point of consensus. Bogotá’s water rationing plans have been supported by the country’s president, who has historically had a testy relationship with the city’s mayor.

Persons: Colombia CNN —, Montgomery Burns, “, El Niño, Ivan Valencia, Carlos Fernando Galán, ” Galán, It’s, El, Bogotá, Magdalena, ”, Armando Sarmiento, Sarmiento, Mayor Carlos Galán, Fernando Vergara, Niño, Susana Muhamad, ” CNN’s Heather Law, Ana Melgar Organizations: Colombia CNN, ”, Bogotá’s Javeriana University, CNN, Bogotá, El Niño Locations: Bogotà, Colombia, Bogotá, San Rafael, El, Colombian, Latin America, Mexico City, Magdalena, Colombia’s, Bogota, Mayor, Sarmiento

☆ Becca Speak: A surfing injury left her speechless. Now, this pro surfer is raising awareness of head injury.
▼ + stars: | 2024-04-10 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

“I didn’t really know what was happening. Romero has her own experience with head injuries, after sustaining a TBI snowboarding while she was in high school. It was a pretty serious brain injury,” she told CNN Sport. Romero and co-director Anna Wilder Burns wanted to use Speak’s story to raise awareness of the impact of brain injuries. Throughout her treatment, Speak realized she had been living with the effects of her untreated head injuries for most of her adult life.

Persons: Becca Speak, ’ …, ”, she’s, Jordyn Romero, Romero, “, –, Anna Wilder Burns, Burns, ’ ” Burns, I’ve, ” “ Organizations: CNN, Billabong, CNN Sport, US Centers for Disease Control, CDC, Nature

☆ Ismail Haniyeh: Israeli airstrike kills three sons of Hamas political leader in Gaza as ceasefire talks stutter
▼ + stars: | 2024-04-10 | by ( Jeremy Diamond | Zeena Saifi | ) edition.cnn.com time to read: +4 min

CNN —Three sons of Hamas political leader Ismail Haniyeh were killed in an Israeli airstrike in Gaza Wednesday, an assassination that threatens to complicate ongoing negotiations aiming to secure a ceasefire and hostage deal. The three were killed when the vehicle they were driving in was bombed in the Al Shati refugee camp, northwest of Gaza City, Hamas political leader Haniyeh told Al Jazeera. The Israeli military statement did not mention anyone else being killed in the strike. Palestinian group Hamas' top political leader Ismail Haniyeh speaks during a press conference in Tehran, Iran, on March 26, 2024. More than 33,000 people have been killed in Gaza since the start of the war, according to the Gaza Ministry of Health.

Persons: Ismail Haniyeh, Amir Haniyeh, Mohammad Haniyeh, Haniyeh, Al Jazeera, Eid, ”, Majid Asgaripour, Reuters Haniyeh, “, Haniyeh’s, Benjamin Netanyahu, Yoav Gallant, Bill Burns Organizations: CNN, Israel Defense Forces, Israel Security Agency, Hamas, Reuters, Israeli, Gaza Ministry, Health, CIA, Israel Locations: Gaza, Al Shati, Gaza City, Palestinian, Tehran, Iran, Qatar, Rafah, “ Israel, Israel’s, Cairo

☆ Live updates: Israel-Hamas war, Rafah invasion, ceasefire talks
▼ + stars: | 2024-04-09 | by ( Chris Lau | ) edition.cnn.com time to read: 1 min

In a statement published early Tuesday, Hamas said the latest deal proposed by Israel does not meet their demands. Hamas said it received the proposal through Egyptian, Qatari and American mediators. While Hamas said it appreciated the effort, the group said Israel “remains stubborn and has not responded to any of the demands of our people and our resistance.”But Hamas maintained it is “keen to reach an agreement that puts an end to the aggression against our people.”The group said its leaders would review the proposal and would eventually inform the mediators of their response. Over the weekend in Cairo, CIA Director Bill Burns presented the new proposal which includes pushing Israel to release a higher number of Palestinian prisoners in exchange for the expected 40 Israeli hostages who would be freed during the first phase of a three-stage ceasefire deal.

Persons: Israel “, Bill Burns Organizations: Qatari, CIA, Israel Locations: Israel, Cairo

☆ Hamas says Israeli proposal fails to meet Palestinian demands, but is under review
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +2 min

Hamas said on Tuesday that an Israeli proposal on a ceasefire in their war in Gaza did not meet the demands of Palestinian militant factions, but it would study the offer further and deliver its response to mediators. Other airstrikes were reported in Deir al-Balah in central Gaza and Rafah in the far south. "The movement (Hamas) is interested in reaching an agreement that puts an end to the aggression on our people. Despite that, the Israeli position remains intransigent and it didn't meet any of the demands of our people and our resistance," Hamas said in a statement following the latest ceasefire proposal. It said it would review the proposal further and go back to the mediators with its response.

Persons: Nusseirat, Al, Benjamin Netanyahu, U.S . Central Intelligence Agency William Burns Organizations: Hamas, Residents, U.S . Central Intelligence Agency Locations: Rafah, Gaza, Israel, Palestinian, Cairo, Al, Al Aqsa, Deir al

☆ CIA director presented new proposal for Gaza ceasefire and hostage deal
▼ + stars: | 2024-04-08 | by ( Alex Marquardt | ) edition.cnn.com time to read: +4 min

Qatari, Egyptian and Israeli officials, along with Burns, were in Cairo over the weekend for the negotiations. So far, Israel has rejected the Hamas demands an unrestricted return of Gazans to the north and the redeployment of IDF troops away from central Gaza. Israel has insisted on inspections of Palestinians moving north, a diplomat familiar with the talks told CNN. Mediators have been trying for months to seal an agreement between Hamas and Israel for a ceasefire and the release of hostages. Ansari said mediators are waiting for replies from Hamas and Israel over proposals from different parties, including the United States.

Persons: Bill Burns, Burns, Cairo “, Benjamin Netanyahu, he’d, ” Netanyahu, “, Majed Al, Ansari, hasn’t, ” Ansari Organizations: CNN, CIA, Israel, Egypt’s Intelligence Service, US, “, Hamas, BBC Locations: Israel, Gaza, Cairo, Egypt, Rafah, United States

☆ Tesla settles lawsuit over Autopilot crash that killed Apple engineer
▼ + stars: | 2024-04-08 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

A Tesla Model X burns after crashing on U.S. Highway 101 in Mountain View, California, U.S. on March 23, 2018. Tesla has settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two who died after his Model X SUV, with Autopilot features switched on, crashed into a highway barrier near Mountain View, California, in 2018. The settlement comes as jury selection and a trial were just beginning on Monday in a California Superior court. The case was Sz Huang et al v. Tesla Inc. et al in a California Superior Court in Santa Clara County. In internal Tesla e-mails referenced in court filings, Tesla execs and engineers discussed how they had become complacent while driving their Tesla vehicles with Autopilot or related premium features switched on.

Persons: Tesla, Walter Huang, Huang, Huang's, Elon Musk Organizations: Tesla, Apple, National Transportation Safety, NTSB, California Superior Court Locations: U.S, Mountain View , California, View , California, California, Santa Clara County

☆ Everything you want to know about Janet Yellen’s China visit; Russia, chopsticks, oversupply
▼ + stars: | 2024-04-08 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

“China is now simply too large for the rest of the world to absorb this enormous capacity,” Yellen told reporters Monday. US intelligence has warned that China is providing technology and equipment to Russia that is important to Moscow’s war in Ukraine. During her last visit to Beijing, Yellen dramatically boosted business for a Yunnan restaurant chain and its mushroom dish after her delegation was spotted dining there. “As a US official, Yellen needs to know more about China than just its food. Only by understanding China better, can she correct the US worldview and its views of China and China-US relations.”

Persons: Janet Yellen, Yellen, Joe Biden, Xi Jinping, ”, China Nicholas Burns, Pedro Pardo, Li Qiang, ” Yellen, Li, Biden, “, Mao Ning, Xi, CNN’s Marc Stewart, we’ve, Andy Wong, “ Yellen, Tao Tao Organizations: Hong Kong CNN, Russia, China's, Getty, Vice, Foreign Ministry, Treasury Department ., Ukraine, China’s, Ministry, “ Locations: China, Hong Kong, Guangzhou, Beijing, United States, AFP, Washington, Xinhua, Russia, Ukraine, Treasury Department . China, San Fransisco, “, Yunnan, Weibo

☆ How one real-estate unicorn is getting past gutting layoffs and slowing deals
▼ + stars: | 2024-04-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Rising interest rates have slammed the brakes on deals, and many real-estate companies have cut staff as revenues slowed. Founded in 2020 by real-estate executives Ryan Stroker and William Martiner, Avenue One was profitable by early 2021, company officials told Business Insider. AdvertisementAvenue One cofounder and CEO Ryan Stroker told BI in an interview how the company is navigating the difficult business environment. "I was told that I wasn't spending enough money six months before the layoffs," Stroker said. Layoffs and Big SpendingBoth Stroker and Avenue One's followup statement said the company is financially secure and described the layoffs as prudent rather than necessary.

Persons: It's, Ryan Stroker, William Martiner, Wall, Stroker, Martiner, John Burns, Ryan, Axel Springer Organizations: Service, KKR, Global, Business, MetLife, Wall, Amherst, John Burns Real Estate Consulting, BI Locations: Manhattan, Axel

☆ Hamas says Gaza truce talks still deadlocked despite reports of progress
▼ + stars: | 2024-04-08 | by ( ) www.cnbc.com time to read: +2 min

Smoke billows after Israeli bombardment in central Gaza City on March 18, 2024, amid the ongoing battles between Israel and the militant group Hamas. "There is no change in the position of the occupation and therefore, there is nothing new in the Cairo talks," the Hamas official, who asked not to be named, told Reuters. In Jerusalem at the weekend, Israeli Foreign Minister Israel Katz described the Cairo talks as the closest the sides have come to a deal since a November truce under which Hamas freed dozens of hostages. Of those, 129 hostages remain, and negotiators have spoken of around 40 going free in the first stage of a prospective deal with Hamas. Two Egyptian security sources and Al-Qahera News said progress had been made in the Cairo talks.

Persons: William Burns, Israel Katz Organizations: Hamas, CIA, Reuters, Palestinian Locations: Gaza City, Israel, Gaza, Cairo, Qatar, U.S, Egypt, Jerusalem

☆ If your eyes hurt after watching the solar eclipse, here's what you need to know
▼ + stars: | 2024-04-08 | by ( Kevin Loria | Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Read previewIt's not safe to look at a solar eclipse without wearing certified protective glasses. Some people might start to notice vision changes within a few hours, though it's most likely they would become apparent by the next day, according to the American Academy of Ophthalmology. Unlike sunglasses, eclipse glasses are so dark that you shouldn't be able to see through them, he said in a statement. If you are experiencing vision changes or eye pain, even if you wore proper eye protection, call an eye doctor to schedule an appointment. A 4-year-old uses special glasses to look into the sky during a partial solar eclipse in Berlin.

Persons: —, it's, It's, Andres Kudacki, David Hinkle, They're, Sean Gallup, Santa Croce Organizations: Service, Business, American Academy of Ophthalmology, National Eye Institute, AP, Tulane University's, European, Ophthalmology, Eye Institute Locations: Berlin, Philadelphia

☆ I tried to snap a photo of the 'Devil comet' during the solar eclipse. Here's what happened.
▼ + stars: | 2024-04-08 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +3 min

Read previewThe weeks leading up to Monday's total solar eclipse became even more exciting when astronomers announced that comet 12P/Pons-Brooks, also known as the "Devil comet," might be visible during totality. Where it all went wrongEven in the darkness of totality, I wasn't able to spot the "Devil comet" with my naked eye or my camera. But instead, I shot vaguely in the direction of where I thought the comet might be, and only captured darkness. All in all, I learned that photographing a comet with a standard DSLR is tricky. And in general, I wouldn't recommend trying to snap a picture of a comet during a total solar eclipse.

Persons: —, Pons, Brooks, Dan Bartlett, Bartlett, I'm, I'd Organizations: Service, Business

☆ These plane crash survivors and victims’ loved ones are becoming scared to fly again after years of travel. They’re not alone
▼ + stars: | 2024-04-06 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +13 min

Others, however, said they are still confident in flight safety, pointing out that commercial air travel remains one of the safest modes of transportation. Cara and Erin Ashcraft survived the crash of American Airlines Flight 1420, operated on a McDonnell Douglas MD-82, during a landing at Little Rock National Airport on June 1, 1999. “I’ve never had concerns (about air travel safety) before. This is the hole left behind when the plug door of an Alaska Airlines flight blew off midflight on January 5, 2024. Pierson is wary of attitudes around the apparent safety of American air travel, he said.

Persons: Barb Handley, –, ” Handley, Handley, ”, ‘, Mary Handley, Alice, Barb Handley Miller, Pat Gabrielse, Dan Handley, Beth Handley McMall, Kathleen Handley Salemi, Cara, Erin Ashcraft, “, I’m, ” Cara, ” Cara Ashcraft, ’, McDonnell Douglas, Andy Scott, “ I’m, ” Erin Ashcraft, ” ‘ I’ve, Trey Smith, “ I’ve, ” Smith, Smith, Scott Kirby, United, Boeing Aubrey, Max, Aubrey, they’re, ” Anthony Brickhouse, Florida’s Embry, Brickhouse, Ed Pierson, Pierson, That’s, ” CNN’s Chris Isidore, Jacopo Prisco Organizations: CNN, Alaska Airlines, United Airlines Boeing, Boeing, –, National Transportation, NTSB, Federal Aviation Administration, United Airlines, American Airlines, McDonnell, Little Rock National Airport, Dallas Morning News, International Air Transport, United, Reuters United, Airbus, “ Airlines, Delta Air Lines, Hawaiian Airlines, Florida’s, Riddle Aeronautical University, Alaska Airlines Max, US Federal Aviation Administration, National Transportation Safety Board, Foundation for Aviation Safety, Air Canada, San Francisco International Airport Locations: Alaska, Little Rock , Arkansas, United States, Virginia, Los Angeles, East, Southwest

☆ In Threatening Israel, Biden Hopes to Avoid a Rupture
▼ + stars: | 2024-04-05 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

By the time President Biden hung up the phone, he had finally delivered the threat he had refused to make for months: Israel had to change course, he told Prime Minister Benjamin Netanyahu, or the United States would take action. But as the conversation ended on Thursday, aides to Mr. Biden said, the president had reason to hope that the message had gotten through and that he would not have to carry out his threat after all. During the call, Mr. Biden outlined several specific commitments he wanted Israel to make to avoid losing his support for the war against Hamas. Rather than pushing back, according to people informed about the call, Mr. Netanyahu promised that he would announce more humanitarian aid for Gaza within hours and signaled that he would respond to Mr. Biden’s other demands in days to come. director, and Egyptian and Qatari intermediaries in Cairo to try again to broker a temporary cease-fire.

Persons: Biden, Israel, Benjamin Netanyahu, Mr, Netanyahu, Netanyahu’s, William J, Burns Organizations: White Locations: United States, Gaza, Israel, Cairo

☆ Yellen kicks off China meetings with overcapacity concerns, encouraging market-oriented reforms
▼ + stars: | 2024-04-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Ambassador to China Nicholas Burns (R) receive U.S. Treasury Secretary Janet Yellen (R) upon her arrival in Guangzhou on April 4, 2024. Pedro Pardo | Afp | Getty ImagesBEIJING — U.S. Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms. It is her second trip to China as Treasury secretary. China's growth potentialGuangdong is one of the largest contributors to China's economic growth and home to the city of Shenzhen, a major hub for tech companies and startups. "In recent decades, [Guangzhou] was at the forefront of market-oriented reforms that advanced China's economic development and openness," Yellen said in prepared remarks for her meeting with Wang.

Persons: Liao Min, China Nicholas Burns, Janet Yellen, Pedro Pardo, Yellen, Wang Weizhong, Wang, I've, Nicholas R, Lardy Organizations: Finance, U.S, Treasury, Afp, Getty, Peterson Institute for International Economics, Foreign Affairs Locations: China, Guangzhou, BEIJING, U.S, Beijing, Guangdong province, United States, Guangdong, Shenzhen, Asia

☆ DJ Burns Jr.: March Madness star is leading a surprising Final Four run and earns praise from Nikola Jokić
▼ + stars: | 2024-04-04 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

11 NC State to the Final Four of the 2024 NCAA men’s tournament, beating a host of highly-seeded teams on the way to a semifinal spot. The NC State star grew up around people from different backgrounds, with his grandmother running a foster home and his parents taking in other children from unstable homes. But, with Burns at center and the team’s underdog mentality, they have shocked the college basketball scene. “I was raised in a happy environment,” the NC State told reporters. While becoming an internet sensation throughout March Madness, Burns' competitve nature has helped NC State to some impressive victories.

Persons: DJ Burns Jr, it’s, – Burns, Duke, Burns, Nikola Jokić –, Burns –, ” Jokić, “, That’d, ” It’s, Jim Nagy, Peter Schrager, Robert Jennings, Tim Nwachukwu, Burns wasn’t, Takela, ”, Dwight Sr, ” Burns, ” Takela, Andy Hancock, Marquette, Duke –, Carmen Mandato, “ He’s, Joe Sargent Organizations: CNN, State, NCAA, NFL, Senior Bowl, Fox Sports, Texas Tech Red Raiders, North, York Preparatory Academy, WRAL, NC State, Rock, Rock Hill Herald, University of Tennessee, Winthrop University, Big South, NC, Wolfpack, Texas Tech, Oakland, Duke, CBS Sports, Getty, Devils, Purdue Locations: North America, Hill , South Carolina, South Carolina, York County, Rock Hill, Oakland

☆ Two million Black+Decker steamers have been recalled after more than 80 reports of burn injuries
▼ + stars: | 2024-04-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Two million Black+Decker steamers have been recalled after more than 80 reports of burn injuries, the US Consumer Product Safety Commission announced Thursday. More than 500,000 of these steamers were already recalled in November 2022, but the recall expanded Thursday to include 1.6 million more. The recall noted that 94 of the 317 reports happened with repaired steamers from the 2022 recall or from models with an updated design. Some customers received a replacement upper assembly as part of the 2022 recall — those customers should receive a refund as well. The steamers were sold in store and online at Walmart, Target, Amazon, Bed Bath & Beyond, as well as other retailers.

Organizations: New, New York CNN, US Consumer Product Safety, Garment Steamers, Walmart, Target Locations: New York

☆ C.I.A. Director Is Heading to Cairo for New Truce Talks
▼ + stars: | 2024-04-04 | by ( Julian E. Barnes | ) www.nytimes.com time to read: +14 min

During a 30-minute call with Prime Minister Benjamin Netanyahu of Israel, President Biden went further than ever in pressing for change in the military operation. Credit... Fatima Shbair/Associated PressBy the middle of the night in Jerusalem, Israel made its first gestures to Mr. Biden. The reported agreement came as American officials held out the prospect of consequences if Mr. Netanyahu resisted. But Mr. Kirby would not outline specific metrics for judging Israel’s response or what Mr. Biden would do if not satisfied. Mr. Biden called himself “outraged and heartbroken” over the incident and made a point of calling Mr. Andrés to express his condolences.

Persons: Benjamin Netanyahu, Israel, President Biden, Biden, Biden’s, “, Netanyahu, ”, Fatima Shbair, Mr, Antony J, Blinken, ” Mr, Chris Coons, Coons, Kamala Harris, Jake Sullivan, Biden “, William J, Burns, Mohammed Saber, John F, Kirby, emboldening, John Hannah, José Andrés, Andrés, Zomi Frankcom, Damian Soból, Barack Obama, Bibi, ” Ben Rhodes, Obama, ” Jon Favreau, doesn’t, ‘, ’, aggravation, Jill Biden, Joe, ” Julian E, Barnes, Katie Rogers, David E, Sanger, Lara Jakes Organizations: Israel, Hamas, Credit, Associated, U.S . National Security Council, NATO, Democratic, CNN, Republican, American Israel Public Affairs Committee, Iran, Central Kitchen, Shutterstock, Jewish Institute for National Security of America, Biden, Mr, Israel Defense Forces, White Locations: Gaza, Israel, Rafah, Jerusalem, Ashdod, Jordan, Brussels, Michigan, Washington, Delaware, Iran, Syria, United States, Cairo, “ Hamas, Haiti, Cyprus, U.S, “

☆ 3 things rattling markets this week
▼ + stars: | 2024-04-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The S&P 500 tumbled the first two trading days of the new quarter and is down 0.8% for the week after paring back some of its losses on Wednesday. Some Fed officials revealed at the central bank’s policy meeting last month that they see fewer rate cuts than the three they forecast last December for 2024. Traders see a 63% expectation that the Fed cuts rates in June, a drop from more than 70% a week earlier, according to the CME FedWatch Tool. “With Middle East tensions on the rise, OPEC+ supply side measures have pushed crude oil volatility down,” BofA strategists wrote in a Wednesday report. “Adding to a complex backdrop, we now estimate that improving economic growth expectations have helped push global oil markets into a deficit.”The price of gold has also climbed this week.

Persons: New York CNN — Stocks, “, ”, Brent Schutte, Jerome Powell, •, Loretta Mester, Raphael Bostic, Brent, Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, Matt Egan, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ” Read, Joe Biden, Sean Lyngaas, China Nicholas Burns, Antony Blinken, Read Organizations: CNN Business, Bell, New York CNN —, Treasury, FactSet, Northwestern Mutual Wealth Management, Hawkish, San Francisco Fed, Stanford University, Wednesday, • Cleveland Fed, Atlanta Fed, CNBC, Traders, Organization of, Petroleum, West Texas, Brent, Bank of America, Trump Media, Trump Media & Technology Group, DWAC, Southern, of, Acquisition Corporation, “, Microsoft, US, Department of Homeland Security, CNN Locations: New York, OPEC, Florida, of New York, Washington, China

☆ U.S. crude oil hovers around $85 as traders take stock of rally
▼ + stars: | 2024-04-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on March 5, 2019. Crude oil futures were flat Thursday, taking a breather as traders took stock of the market after prices advanced more than 2% this week to hit the highest level since October. The West Texas Intermediate contract for May delivery gained 2 cents to $85.45 a barrel, while the Brent contract for June delivery was unchanged at $89.35. Oil prices have rallied this year, booking three consecutive months of gains with U.S. crude adding 19% while Brent is up about 16%. The rally comes as the wars in Eastern Europe and the Middle East raise renewed fears about supply disruptions.

Persons: Tatneft PJSC, Brent Organizations: Oil Refining, Petrochemical, The West Texas Intermediate Locations: Nizhnekamsk, Tatarstan, Russia, Eastern Europe, Ukraine

☆ Exclusive: An investor in once-hot mental health startup Cerebral is suing the company
▼ + stars: | 2024-04-03 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Read previewAccess Industries, the investment firm founded by billionaire Len Blavatnik that invested in mental health company Cerebral, is suing the company and another of its backers as tensions mount inside the mental health company, according to documents obtained by Business Insider. It's the latest challenge to the once-hot mental health startup, which launched in 2020 to provide mental healthcare online. The lawsuit, filed by Access Industries on April 2 in Delaware, alleges an undercover power grab by WestCap, another Cerebral investor. A sinking shipOnce the hottest and fastest-growing mental health startup, Cerebral's fall from grace has been stunning. Since then, Cerebral hasn't raised any more venture funding, and the mental health company has conducted at least three rounds of layoffs.

Persons: —, Len Blavatnik, WestCap, David Mou, SoftBank Organizations: Service, Business, US Department of Justice, Access Industries, DOJ, Industries, Wall Street Journal, Bloomberg, US Drug Enforcement Administration, New York Locations: Delaware, WestCap

☆ Microsoft really blew it, says government report on Chinese hacks
▼ + stars: | 2024-04-03 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Microsoft's security systems are inadequate and need an "overhaul," a government report found. Security flaws in Microsoft's systems let Chinese hackers breach the company's networks last summer, DHS found. Microsoft needs to seriously improve its systems for the sake of national security, the report says. AdvertisementMicrosoft's security culture needs work, a government-backed cybersecurity board says in a new report. In it, the board details a "cascade" of "avoidable errors" in Microsoft's security systems.

Persons: —, Gina Raimondo, Nicholas Burns, Don Bacon Organizations: DHS, Microsoft, Service, US Department of Homeland Security, Storm, United, Business Locations: China, United States, People's Republic of China

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