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☆ The author of 'Silicon Valley's bible' is back with a new report predicting how life will change for students and teachers
▼ + stars: | 2024-07-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Read previewMary Meeker is back with a new report about AI and education — and it predicts how life will change for both students and teachers. And after a four-year break since publishing a report, Meeker has returned to give her industry insights. For teachers, she writes that using AI to accelerate learning, even for students who miss out on in-person lectures, will be "a new art form." Related stories"As technology evolves and becomes more widely available, teachers should be able to save time and increase productivity," Meeker writes. "On the research side, technical resource availability, such as GPU access, will likely be key to differentiation/leadership," Meeker writes.

Persons: —, Mary Meeker, Morgan Stanley, Meeker Organizations: Service, Business, Bond, Universities

☆ US employers want more part-time workers. Here’s what that means
▼ + stars: | 2024-06-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

“So far, the labor market has adjusted slowly, and the unemployment rate has only edged up. The industries that were most likely to advertise part-time work as of May were beauty and wellness; personal care and home health; retail; food preparation and service; and sports, Indeed said. During the Great Recession from 2007 to 2009, part-time work rose sharply, according to research from the San Francisco Fed. “There was this rise in part-time work when the economy and the labor market were doing well coming out of the pandemic,” Culbertson told CNN. The US Labor Department releases June figures gauging the state of the labor market, including monthly job growth, wage gains and the unemployment rate.

Persons: Mary Daly, ” Daly, Daniel Culbertson, ” Culbertson, Alicia Wallace, Friday’s, Jerome Powell, John Williams Organizations: CNN Business, Bell, Washington CNN — Companies, Labor Department, Federal Reserve, San Francisco Fed, Commonwealth Club World Affairs of, CNN, Commerce Department, Commerce, P Global, Institute for Supply Management, European Central Bank, US Labor Department, Constellation Brands, Constellation Brands . New York Fed, US Commerce Department, New York Fed Locations: Washington, Commonwealth Club World Affairs of California, Constellation Brands .

☆ Heat waves in Europe are getting more dangerous. Here’s what that means for travelers
▼ + stars: | 2024-06-29 | by ( Billy Stockwell | ) edition.cnn.com time to read: +10 min

CNN —Growing up in Texas, Mary Beth Walsh thought she was accustomed to high temperatures. Her hometown of Dallas, which is currently being blasted by unrelenting heat, frequently experiences heat waves. “I always joke around that I have such a high heat tolerance; I bring my sweatshirt with me to class in August (in the US),” she said. Hiking in high temperatures has been a common thread linking recent deaths in the country. Amer Ghazzal/ShutterstockExtreme heat is one consequence of climate change impacting tourist hot spots across Europe.

Persons: Mary Beth Walsh, “, ”, Michael Mosley, we’ve, ” Roo Clark, Stefanos Sidiropoulos, Sidiropoulos, acclimatize, Guglielmo Mangiapane, ” Eduardo Santander, ‘, Amer Ghazzal, Clark, ” Clark, Andrea Ammon, ECDC, Hilary Swift, ” Rebecca Carter, Carter Organizations: CNN, Dallas, “, ” Authorities, Tourism Council, Reuters, European Travel Commission, ETC, Santander, European Centre for Disease Prevention, Authorities, Bloomberg, Getty, World Resources Institute Locations: Texas, Athens, Europe, Greece, British, Suffolk, England, Skyros, Canada, Hellas, Italy, Rome, Perugia, Palermo, Rhodes, Czech Republic, Bulgaria, Denmark, Portugal, Spain, Spain’s Seville

☆ His wife died. Then he unexpectedly found a second chance at love on vacation
▼ + stars: | 2024-06-28 | by ( Francesca Street | ) edition.cnn.com time to read: +14 min

“This was no normal train,” John recalls. Back home in the UK, John thought about Judy fondly from time to time. In the UK, John’s friends loved it when this glamorous American woman visited town. John Nears and Judy CurtisAs John and Judy haven’t been able to meet this year, they’ve both been spending time reflecting on past adventures. Thinking back on his life, John says he feels inordinately lucky to have enjoyed two great love stories.

Persons: John’s, Pam, “, ” John, John, Chris, marveling, Judy Curtis, Judy Malody, Judy, they’d, John –, ”, –, “ I’d, Coast –, Judy Curtis Judy, John she’d, she’d, ‘, ’ ”, Jack, She’d, “ Judy, Judy Curtis John, Madeira’s, who’d, Peru –, “ John, It’s, Judy doesn’t, he’s, “ We’ve, ’ John, Judy Curtis It’s, Cunard Queen Mary, she’s, “ It’s, Judy haven’t, they’ve, ” John’s, you’ve, who’ve, Pam’s Organizations: CNN, CNN Travel, Orient Express, Coast, San Diego International, San Diego, ”, “, Health Locations: South America, England, Bolivia, Peru –, Cusco, Puno, “, Peru, San Diego , California, New York, California, West Coast, United States, East Coast, San Diego, Madeira, Funchal, Istanbul, Turkey, British, ”, Antarctica, Yosmite , California, Iceland, Kenya, Tanzania

Birds fly outside the U.S. Supreme Court on the day justices issue orders in pending appeals in Washington, U.S., June 24, 2024. Republican lawmakers and the U.S. Chamber of Commerce praised the Supreme Court decision Friday overturning the so-called Chevron Doctrine, which for four decades led judges to defer to how federal agencies interpreted a law when its language was not clear. GOP lawmakers said the 6-3 decision by the Supreme Court undid a precedent that they argued had unjustly strengthened the power of unelected government officials. "After forty years of Chevron deference, the Supreme Court made it clear today that our system of government leaves no room for an unelected bureaucracy to co-opt this authority for itself," McConnell said. "It's a huge blow to the administrative state in Washington, D.C. No one elects bureaucrats to make these decisions," Cotton said of the decision, which overturned the Supreme Court's ruling in 1984 in a case known as Chevron v. Natural Resources Defense Council.

Persons: Mitch McConnell, McConnell, Suzanne Clark, Clark, Jeff Holmstead, Bracewell, Holmstead, Chevron, Sen, Tom Cotton, Raimondo, Cotton Organizations: U.S, Supreme, Republican, U.S . Chamber, Commerce, GOP, Air, Environmental Protection Agency, Fox News, Loper Bright Enterprises, Constitutional, Chevron, Natural Resources Defense Locations: Washington , U.S, Ky, Washington ,

☆ Martin Mull, Comic Actor Who Starred in ‘Mary Hartman,’ Dies at 80
▼ + stars: | 2024-06-28 | by ( Orlando Mayorquín | More About Orlando Mayorquín | ) www.nytimes.com time to read: +1 min

“With an undistinguished blond mustache, which may or may not be intended as a joke, Barth copes manic‐depressively with a shaky job situation and some hazy allegations about charges pending against him in Florida,” The New York Times wrote in a review in 1977 of the show’s opening week. “Barth will say only that his lawyer thinks he has ‘a pretty darn good case for entrapment.’”He was also known for his roles in “Clue” (1985) and the television shows “Roseanne” and “Arrested Development.” He also played the character Bob Bradley, an aide to the main character in the political sitcom “Veep.”More recently, Mr. Mull appeared in the Fox television series “The Cool Kids,” about a group of rule-breaking friends living in a retirement community. Martin E. Mull was born on Aug. 18, 1943, in Chicago to Harold and Betty Mull. He earned degrees from the Rhode Island School of Design. His work appeared in gallery shows and in the Whitney and Metropolitan museums.

Persons: Barth, “ Barth, Roseanne ”, Bob Bradley, ”, Mull, Martin E, Harold, Betty Mull Organizations: The New York Times, Fox, Rhode Island School of Design, Whitney, Metropolitan Locations: Florida, Chicago

☆ How the hyper-colorful queer world of ‘But I’m a Cheerleader’ was made
▼ + stars: | 2024-06-28 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

“It was my weird femme fantasy of what my grown-up life was going to be.”“I wanted True Directions to look like the Barbie Dreamhouse,” she continued. True Direction's founder, Mary, insulates herself from reality in the artificial setting that she's built for traditional gender roles. “I just love the cult following that it’s had,” Friedberg said in the call with Babbit and Kamerman. Despite the film’s barriers, Babbit, Friedberg and Kamerman are all pleased with its longevity, particularly as they’ve seen it gain cachet with an entirely new generation this past decade. “We were just making our weirdo indie film of queer joy and female power in a vacuum.”

Persons: ”, Natasha Lyonne, Clea DuVall, it’s, Megan, Lyonne, Jamie Babbit’s, Cathy Moriarty, ’, Eddie Cibrian, Mike, “ Barbie ”, Babbit, “, Dreamhouse, Mary, insulates, Jamie Babbit, Mark Lipson, Kushner, Locke, couldn't, —, Brian Wayne Peterson, Alix Friedberg, Tim Burton’s, Edward Scissorhands ”, John Waters, Rachel Kamerman, It’s, Phoebe Bridgers, MUNA, ” Friedberg, ” Babbit, Rogert Ebert, butch, Gia ”, Kamerman, Graham, DuVall, Eden bodysuits, Adam, David LaChapelle, reining, Jamie — you’ve, she’s Organizations: CNN, ”, Tattle Locations: New York City, New York, London, Palmdale , California, soundstages, Friedberg, Kamerman

☆ San Francisco Fed President Mary Daly: PCE data shows us that monetary policy is working
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco Fed President Mary Daly: PCE data shows us that monetary policy is workingSan Francisco Fed President Mary Daly joins 'Squawk Box' at the Aspen Ideas Festival to discuss the new PCE data and what this data suggests about the overall economy. NBCUniversal News Group is the media partner of the Aspen Ideas Festival.

Persons: Mary Daly Organizations: San, Fed, San Francisco Fed, Aspen Ideas, NBCUniversal

☆ Biden’s Debate Rattles Even the Most Faithful Democrats
▼ + stars: | 2024-06-28 | by ( Julie Bosman | ) www.nytimes.com time to read: +1 min

Mary Riche, 76, is a devoted member of the Democratic Party faithful. She isn’t an elected politician or a highly paid party operative, but a loyal part of the rank and file who has supported state and national Democrats since the 1970s, hosted fund-raisers in her Iowa home and enthusiastically knocked on doors for candidates. On Thursday night during the first presidential debate of the campaign, she was watching television and texting with her “posse,” a close circle of Democratic friends. “Finally, I just posted the crying emoji,” she said in a coffee shop in Des Moines on Friday. “I was embarrassed that my candidate was appearing as if he was incoherent.

Persons: Mary Riche, isn’t, ”, “, Biden, Donald J, Trump, Mr Organizations: Democratic Party, Democrats Locations: Iowa, Des Moines

☆ A Migrant Family Survives Shelter Evictions With the Help of a School - The New York Times
▼ + stars: | 2024-06-28 | by ( Bliss Broyard | Mateo Arciniegas Huertas | ) www.nytimes.com time to read: +1 min

Mary Lauri and Roberto Rodríguez, asylum seekers from Venezuela, heard about Public School 46, in Fort Greene in Brooklyn, from a mother at Hall Street, the emergency shelter where their family had been placed. It was five blocks away and had a Spanish dual-language program. When Ms. Rodríguez went to register her two younger children the second week in January, the school’s parent coordinator, Amanda Ocasio, a 30-year-old Puerto Rican woman with platinum hair, big brown eyes and funky red glasses, was standing inside the entrance with the security guards to welcome them. There was breakfast, and there were piles of warm clothes, school supplies and toiletries in the teachers’ lounge for parents and children to choose from. Allison Blechman, the English as a new language teacher, took the family on a tour of the school: a beautiful library with books in English and Spanish and comfortable chairs, a science lab with 3-D printers, an auditorium with a stage and curtains like a real theater, whiteboards in every classroom.

Persons: Mary Lauri, Roberto Rodríguez, Rodríguez, Amanda Ocasio, Allison Blechman Organizations: Street Locations: Venezuela, Fort Greene, Brooklyn, Spanish, Puerto Rican

☆ Latin America Has a Rich Tradition of Religious Pendants
▼ + stars: | 2024-06-28 | by ( Janelle Conaway | ) www.nytimes.com time to read: +1 min

Martha J. Egan has spent decades rummaging around markets and antique stores across Latin America in search of the rare, carefully crafted devotional pendants called relicarios. Her hunt has led her to amass more than 400 of the objects — pronounced reh-lee-CAR-yos; in English, reliquaries — and to write two books about what she has come to view as an overlooked genre within the body of religious art created during the Spanish colonization of the New World. Of course, “there was not much art in the colonial era that was not religious,” said Ms. Egan, 78, who has a bachelor’s degree in Latin American history. Typically, the pieces (sometimes called medallones or miniaturas) were pendants with painted, carved or printed depictions of favorite saints or the Virgin Mary on both sides, set in metal bezels under glass. Made for people in a range of social and economic classes, some relicarios were plain while others were elaborately decorated; their creators were usually anonymous.

Persons: Martha J, Egan, reliquaries, ”, Virgin Mary Locations: America

☆ Being nice may be the reason you're not getting promoted at work
▼ + stars: | 2024-06-27 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewIf you're good at your job and have a nice personality, you'll never get promoted. Mary McConner, the founder and CEO of Inclusive Excellence Consulting, told BI this is when high performers get overloaded with work because they are reliable. Advertisement"Unfortunately, performance punishment often leads to burnout and resentment because their good work isn't rewarded with advancement, but with more work," McConner said. Being nice but ballsy can pay offLuke Blaney, the managing director of the recruitment agency ARx, told BI there is "a lot of truth in the whole 'nice guys finish last' saying." She told BI that she thinks the notion of being a tough leader is "completely outdated."

Persons: —, you'll, Jacqueline Morris, Morris, jacqueline, Paul Bramson, Bramson, Cameron Anderson, Mary McConner, isn't, McConner, Mary Barnes, Barnes, Lawrence J, Peter, Luke Blaney, aren't, Blaney, it's, Carolina Caro, " Caro, Caro Organizations: Service, Business, Paul Bramson Companies, Universities of, University of Notre Dame, Cornell University, University of Western, National Academy of Sciences, University of California, Consulting, Partners Locations: Universities of Bristol , Minnesota, Heidelberg, University of Western Ontario, Berkeley, Canadian

Following Thursday's trade, Jim Cramer's Charitable Trust will no longer own a position in FL. This Foot Locker turnaround is going to take time and won't be linear. FL YTD mountain Foot Locker YTD Thursday's exit of Foot Locker is resulting in a loss of nearly 37%. The opportunity cost of sitting in Foot Locker is too high at the moment, and it's time for us to move on. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: We're, Jim Cramer's, HomeGoods —, Locker, Mary Dillion, Jim Cramer, Jim Organizations: Club, CNBC Locations: FL, Maxx

☆ Fact checking the CNN presidential debate
▼ + stars: | 2024-06-27 | by ( Cnn Staff | ) edition.cnn.com time to read: +69 min

CNN —President Joe Biden and former President Donald Trump faced off during CNN’s presidential debate in Atlanta Thursday night. From CNN’s Daniel DaleFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. From CNN’s Daniel Dale and Ella NilsenFormer President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. From CNN’s Alicia WallaceFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Kpler found that China imported about 511,000 barrels per day of Iranian crude in December 2020, Trump’s last full month in office.

Persons: Joe Biden, Donald Trump, Biden, Trump “, “, ” Trump, ”, Trump, ” John Kelly, servicemembers, Kelly, Jim Sciutto, Daniel Dale, Kaanita Iyer, Roe, Wade, That’s, Wade ”, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Trump’s, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, ’, Will Lanzoni, ” Biden, corpsman —, Hamid Karzai, CNN’s Haley Britzky, didn’t, Priscilla Alvarez, George Floyd, Tim Walz, Walz, Paul –, CNN’s Holmes Lybrand, Daniel Dale FACT, European Union won’t, Ella Nilsen, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, Austin Steele, CNN Biden, Tristen Rouse, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Iran “, Mike Pompeo, ” Pompeo, Tami Luhby Trump, CNN’s KFILE, weren’t, Hillary Clinton, affirmatively, it’s, what’s, –, Alicia Wallace, Obama, CNN’s Ella Nilsen, you’re, Biden’s, Hunter Biden, Joe Biden’s, Viktor Shokin, Shokin, CNN’s Marshall Cohen, “ It’s, Rick Muskat, CNN.So, Morgan, Katie Lobosco, Alvin Bragg’s, Bragg, Jack Smith, Smith, General Merrick Garland, Garland, Matthew Colangelo, Colangelo, I’ve, there’s, Iran haven’t, ” Matt Smith, Ali Vaez, Kpler, Gary Engelhardt, Jason Richwine, ” Richwine, Tami Luhby, Confederate, Robert E, Lee, marchthat, “ I’m, Elle Reeve, Ralph Northam, Jen Christensen, ” Trump’s, Ronald Reagan’s, Barack Obama, George W, ‘, ’ ” Trump, CNN’s Jen Christensen, Pelosi, Nancy Pelosi, “ Nancy Pelosi, …, Alexandra Pelosi, Aaron Bennett, Cherry, Christopher Miller, Miller, Charis Kubrin, CNN’s Catherine Shoichet, ” Kubrin’s, Graham Ousey, College of William & Mary, Erwan, George Washington, Marshall Cohen, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, Howard Gleckman, ” Gleckman Organizations: CNN, Trump, Homeland Security, SSRS, Marquette Law School, NBC, Gallup, ” Rutgers Law, American University, university’s Health, University of California, Atlanta, US Navy, Border Patrol, Border Patrol Council, National Guard, Minneapolis Former, Minnesota Democratic Gov, Minnesota National Guard, Guard, EU, European Union, US, European Automobile Manufacturers ’ Association, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, State, Medicare, Black, of Labor Statistics, Republican, Burisma Holdings, International Monetary Fund, Republicans, House Republicans, US International Trade Commission, US Customs, Deer Stags, Peterson Institute for International Economics, Justice Department, DOJ, DC, federal, Department, Democrat, Americas, Crisis, Social Security, Social, General Internal Medicine, “, Syracuse University, Center for Immigration Studies, Electoral, White, Nazi, US Centers for Disease Control, Former Virginia Gov, United, China Former, China, Hamas, ISIS, Trump’s, Democratic, Congressional, Capitol, Colorado Supreme Court, US Food, Guttmacher Institute, California Democrat, Capitol Police Board, Senate, District of Columbia National Guard, College of William &, NATO, Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, Urban, Brookings Tax, Urban Institute, ”, Tax, Center Locations: Atlanta, France, Afghanistan, Kabul, Jordan, Iran, Somalia, Yemen, Yakushima Island, Japan, Minneapolis, Portland, Minnesota , Minneapolis, St, EU, Georgia, CNN's, Washington ,, AFP, Lebanon, Israel, what’s, Paris, China, India, Russia, United States, Ukrainian, Ukraine, lockstep, American, Manhattan, New York , Georgia, Florida, Washington, New York, York’s, Mexico, Kpler, Malaysia, Charlottesville, Charlottesville , Virginia, White, Virginia, Northam, East, “, New York City, Saudi, al Qaeda, Texas, Colorado, California, Trump, Irvine, Germany, Berkeley

☆ Markets are adjusting to stubborn inflation. Election noise could spoil the calm
▼ + stars: | 2024-06-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Add to that the noise surrounding the US election, and it could be a rougher second half. Central Banks in Canada and the eurozone have both cut interest rates, but inflation rose in both of those regions last month. Australia, meanwhile, saw its inflation rate rise to 4% this week, stoking fears that the Reserve Bank of Australia could soon move to raise rates again. It was already well known that no documentation was found to show who worked on the door plug. Without the bolts, the door plug incident was pretty much inevitable.

Persons: London CNN —, they’ve, Michelle Bowman, she’s, Mary Daly, Austan Goolsbee, stoking, Joe Biden, Donald Trump, ”, José Torres, Torres, wouldn’t, Joseph Stiglitz, Trump, Trump’s, Max, “, Al Michaels, Michaels, Peacock, ” Michaels, ‘, CNN Michaels, Read Organizations: CNN Business, Bell, London CNN, Federal Reserve, foibles, San Francisco Fed, Chicago Fed, Central Banks, Reserve Bank of Australia, Interactive Brokers, Treasury, Trump, Peterson Institute, Oxford Economics, Allianz, CNN, Boeing, Alaska, Alaska Airlines, National Transportation Safety Board, Alaska Air, NBC, Summer Games, Olympics Locations: London, Canada, Australia, Renton , Washington, Paris, ’

☆ Testing brands, counting railcars, and watching 'Mary Poppins': how a young Warren Buffett found winning stocks
▼ + stars: | 2024-06-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett didn't just rely on financials and listings to pick winning stocks in the early days. He spent weeks counting railcars, went to see "Mary Poppins," and tested the American Express brand. "Buffett's Early Investments" outlines how the investor vetted bosses and hunted down shares to buy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere's a common perception that Warren Buffett struck gold as a young investor by poring over long lists of stocks and scooping up the cheapest ones.

Persons: Warren Buffett, Mary Poppins, —, Brett Gardner Organizations: American Express, Service, Oracle, Business

☆ Sanctuary Wealth's Mary Ann Bartels on Nvidia: I have never seen a company like this before
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSanctuary Wealth's Mary Ann Bartels on Nvidia: I have never seen a company like this beforeMary Ann Bartels, Sanctuary Wealth chief investment strategist, joins CNBC's 'Squawk Box' to discuss market outlooks, Nvidia, and more.

Persons: Mary Ann Bartels Organizations: Nvidia, Sanctuary Wealth

Quiet in the C-suiteThree years ago, corporate leaders openly spoke out against Donald Trump over his role in the Jan. 6, 2021, Capitol attack. But as the former president leads in many polls this time around, most in the C-suite are staying quiet. In 2021, C.E.O.s including Mary Barra of General Motors and Doug McMillon of Walmart publicly urged a peaceful transition of power. Only a handful of executives have publicly supported Trump, who was willing to go after perceived enemies in corporate American when he was in office. It’s highly unlikely that tally will reach 902, the number of times the topics were mentioned in 2020 during the same period.

Persons: Donald Trump, Mary Barra, Doug McMillon, Trump, Biden, It’s Organizations: Capitol, General Motors, Walmart

☆ Gold drifts lower as traders await U.S. inflation data
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: +2 min

Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Spot gold was down 0.2% at $2,327.52 per ounce as of 0339 GMT. "Technical factors in the short-term are not so positive for gold. Other Fed officials speaking this week include Fed Governors Lisa Cook and Michelle Bowman along with Richmond Fed President Tom Barkin.

Persons: Kelvin Wong, Bullion, Wong, Mary Daly, Lisa Cook, Michelle Bowman, Tom Barkin Organizations: Asia Pacific, U.S, San Francisco Fed Bank, Richmond Fed Locations: OANDA, U.S

☆ Fed Governor Bowman says she's still open to raising rates if inflation doesn't improve
▼ + stars: | 2024-06-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024. Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn't pull back. "However, we are still not yet at the point where it is appropriate to lower the policy rate." The Commerce Department on Friday will release its reading on the May personal consumption expenditures price index, the Fed's preferred inflation gauge. Economists surveyed by Dow Jones expect a 12-month inflation rate of 2.6% on both the all-items and core, which excludes food and energy prices.

Persons: Michelle Bowman, Bowman, Dow Jones, Mary Daly, Daly, CNBC's Deirdre Bosa, it's, Austan Goolsbee, CNBC's Steve Liesman Organizations: US Federal Reserve, Federal, Market, Commerce Department, European Central Bank, San Francisco Fed, Chicago Fed Locations: Washington , DC, London, U.S, San Francisco

☆ Fed officials are talking down the chance of rate cut this year
▼ + stars: | 2024-06-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

London CNN —At the beginning of the year, Federal Reserve officials projected they would cut interest rates three times this year. The labor-force participation rate has leveled off after a post-Covid boom, and the US immigration policy rate may soon become more restrictive, limiting potential new labor market participants. “Reducing our policy rate too soon or too quickly could result in a rebound in inflation, requiring further future policy rate increases to return inflation to 2% over the longer run.”Investors weren’t happy to hear it. That’s why not taking preemptive action when it’s not necessary is so important.”Chicago Fed President Austan Goolsbee has also been particularly hawkish in his views. He also said rate hikes are “certainly not off the table.”Like Bowman and Kashkari, New York Fed President John Williams said rate hikes aren’t part of his baseline outlook.

Persons: Michelle Bowman, she’s, ” Bowman, Bowman, ”, Dow, Mary Daly, Daly, ” Daly, “ We’re, it’s, Austan Goolsbee, Goolsbee, Neel Kashkari, John Williams, he’s Organizations: London CNN —, Federal Reserve, Exchange, London ., Federal, Market, Nvidia, San Francisco Fed, Commonwealth Club World Affairs of California, Chicago Fed, Minneapolis, Kashkari , New York Fed, Commerce Department Locations: London, San Francisco, Kashkari , New

Nvidia’s fall to earthIt looks like another volatile day for Nvidia shareholders. And given the company’s enormous influence on the entire S&P 500, they may not be the only investors facing big swings. It closed Monday down roughly 16 percent from its intraday high on Thursday, shedding more than $550 billion in value — roughly the size of Tesla’s market capitalization — offering the markets a tough reminder that the A.I. Mary Daly, the president of the San Francisco Fed, warned Monday of a slowdown in the labor market hitting the U.S. economy. Another big piece of data comes out on Tuesday: The Conference Board is set to release its monthly consumer confidence index.

Persons: Mary Daly, San Francisco Fed, ” Organizations: Nvidia, San Francisco

☆ GM's Cruise names former Amazon, Microsoft Xbox executive as new CEO
▼ + stars: | 2024-06-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT – General Motors' Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. His appointment comes at a crucial time for Cruise, which is testing and relaunching its autonomous vehicles on public roadways. Following the incident, several key leaders, including Cruise CEO and co-founder Kyle Vogt, departed the company. The probe also investigated allegations of a cover-up by Cruise leadership, but investigators did not find evidence to support those claims. Cruise was a crucial part of GM's plan to double revenue to $280 billion by the end of this decade.

Persons: Marc Whitten, Whitten, Kyle Vogt, Marc, Mary Barra, Cruise, Rowe Price, Nick Mulholland, Craig Glidden, Glidden, Grant Dixton, Dixton, Mary Organizations: DETROIT, Motors, Amazon, Microsoft, Cruise, GM, Honda Motor, Walmart, Rivian, Activision Blizzard, Boeing Locations: San Francisco, Phoenix , Houston, Dallas, Dubai

☆ TV shows you won't believe turn 20 this year
▼ + stars: | 2024-06-25 | by ( Skylar Celeste Boone | ) www.businessinsider.com time to read: +1 min

"Desperate Housewives"The stars of "Desperate Housewives." ABCBeing a mom is not for the weak, as shown by "Desperate Housewives," which aired on ABC from 2004 to 2012 for eight seasons. She said she understood the struggle and desperation of a housewife, and he realized how hard it can get for mothers. That experience played a pivotal role in forming "Desperate Housewives." "Desperate Housewives" is now available on Hulu.

Persons: Susan, Lynette, Bree, Gabrielle, Carlos, Mary Alice, Marc Cherry, Andrea Yates, Cherry Organizations: ABC, The New York Times, The Hollywood, Hulu

☆ 2-year Treasury yield inches higher as investors await key data
▼ + stars: | 2024-06-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was down by less than one basis point to 4.2457%. The yield on the 2-year Treasury was last at 4.7466% after rising by more than one basis point. U.S. Treasury yields were little changed on Tuesday as investors looked ahead to key economic data slated for the week, including fresh inflation insights. Investors looked ahead to several economic data points due this week as well as comments from Federal Reserve officials. While chances of a summer rate cut appear low, investors are looking for hints about whether the Fed may move to cut rates in September.

Persons: Mary Daly, Daly Organizations: Treasury, Federal Reserve, Traders, San Francisco Federal Locations: U.S

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