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Following Saturday’s last-gasp victory against South Sudan, the USA were forced to once again fight deep into the game – this time against a determined Germany team. But some things never change, and yet again it was LeBron James who put on a late show to lead Team USA to a fifth win out of five during the USA Basketball Showcase. Germany tried to rally back in the second, but Team USA ended the quarter strongly. “We was tested by a great Germany team, they was world champion last year, so it was a good test for us. “I’m glad we was able to, once again, keep our composure, persevere like we did the other day versus South Sudan.
Persons: Saturday’s, LeBron James, ‘ King James ’, James, Jrue, Dennis, Steph Curry, Mansoor Ahmed, Joel Embiid, Anthony Edwards, , , Gordon Herbert, “ I’m, Organizations: UK CNN, Olympic Games, South, USA, Showtime, O2, Los Angeles Lakers, Boston Celtics, US, Olympic, Germany, Lakers Locations: London, UK, Germany, South Sudan, USA, Paris, Serbia, Puerto Rico
But a senior recruiter said they may be making mistakes early on that set them back. The other half is that Gen Zers have a bad reputation among hiring managers. Red flagsWhen companies started filling roles again as global COVID-19 lockdowns started to lift, employers were "throwing money at candidates," Levine said. "And there's a lot of people who are just more old-school and maybe turned off by the rumors of Gen Z." They should tailor their resumes and applications to specific roles rather than sending the same version to multiple job postings.
Persons: , Emily Levine, Levine, Zers, lockdowns, Gen, she's, they're, She's, I've, Zoomers, Levins Organizations: Service, Group, Business, Companies, Jobs
CNN —President Joe Biden tested positive for Covid-19 on Wednesday, disrupting a key campaign event meant to shore up support with Latino voters at a critical juncture in the election. President Joe Biden gives a thumbs-up as he prepares to board Air Force One in Las Vegas on July 17, 2024, after testing positive for Covid-19. A campaign source separately told CNN that the Biden campaign will readjust and do as much as possible remotely. Harris’ husband, second gentleman Doug Emhoff, tested positive for Covid-19 earlier this month – though the vice president tested negative for the virus at the time. The president first tested positive for Covid-19 in July 2022 and suffered a second, so-called rebound case in the days after.
Persons: Joe Biden, Biden, , ” Biden, , Janet Murguía, Covid, Donald Trump, Biden’s Covid, Adam Schiff, Trump, ” “ He’s, ‘ Kamala can’t, , Kamala, “ It’s, Kamala Harris, Harris ’, Doug Emhoff, mailaise, Karine Jean, Pierre said, CNN’s Dana Bash, MJ Lee, Eva McKend, Sam Fossum, Katia Hetter, Megan Trimble Organizations: CNN, Air Force, US Centers for Disease Control, Democratic, Las Vegas –, CDC, White, Biden, White House, House Intelligence, Republican National Convention, Democratic Party, Covid Locations: Las Vegas, Delaware, Rehoboth Beach , Delaware, California, Milwaukee, Atlanta, Fayetteville , North Carolina
Covid-19’s back. Should you be worried?
  + stars: | 2024-07-16 | by ( Katia Hetter | ) edition.cnn.com   time to read: +8 min
CNN: How much should people worry about Covid-19 infection now that there is a resurgence of cases? Whether people should worry about Covid-19 infection depends on their specific medical circumstances. CNN: A lot of people are eager to get another Covid-19 vaccine to best protect them during the summer wave. Wen: There is a new formulation of the Covid-19 vaccine coming out soon. For the next five days, they should still try to take additional precautions such as masking and limiting close contact with others.
Persons: CNN —, Doug Emhoff, Leana Wen, Wen, it’s, wanes Organizations: CNN, US Centers for Disease Control, Covid, CDC, de France, George Washington University Locations: United States
The Athletic profiles the finalists’ strengths and weaknesses, the key battles, and the many sub-plots in your definitive tactical guide to the Euro 2024 final. The dynamic duo are responsible for 46 per cent of Spain’s total attempted take-ons this tournament. What a talent 👏🇪🇸 pic.twitter.com/IRJignOqCA — UEFA U17 EURO (@UEFAUnder21) July 9, 2024Beyond his shooting, Yamal’s creative threat has stood out the most. This forced the Spain goalkeeper Unai Simon to frequently launch the ball long, often conceding possession in the process. Spain might be the standout favourites but England will arrive in Berlin as the more experienced nation in recent major tournaments.
Persons: Lamine Yamal, Nico Williams, Luis de la, Williams, Arjen Robben, ged, Fabia, ong, anne, e, d the pl, ure, anne l, Walker, ince, heth, rove, abbe, the he, inger, mani, ted Saka,, oden, atkin, In th, below, Kane, hite, nin, Kane, Ivan T o, riva, Gareth Southg, ross, ove, e to, Getty, Eamon n Dalton Organizations: European, Germany, France, UEFA Locations: Spain, England, Berlin, France, goa, nis, beh, lida
Read previewMirna Valerio is well aware that she doesn't look like a stereotypical runner. That hasn't stopped the founder of the "Fat Girl Running" blog from running 11 marathons and 16 ultramarathons. Valerio, 48, started running in high school as part of field hockey training. Valerio running a six-day ultramarathon with lululemon's "Further" campaign. Sven BrunsoForget what you think running should look likeValerio said it doesn't matter what you look like, "athletics is for everyone."
Persons: , hasn't, Valerio, Sven Brunso, she'd, Valeria Organizations: Service, Business, Nielsen, World Athletics Locations: Tiktok
A summer wave of Covid-19 has arrived in the US
  + stars: | 2024-06-28 | by ( Deidre Mcphillips | ) edition.cnn.com   time to read: +6 min
CNN —Covid-19 levels have been rising in the United States for weeks as new variants drive what’s become an annual summer surge. That’s enough time to offer protection during the winter respiratory virus season but probably after this summer’s wave has ebbed. On Thursday, the CDC recommended that everyone ages 6 months and older receive an updated Covid-19 vaccine for the 2024-25 season. Unlike flu and RSV, Covid-19 is constantly circulating; it doesn’t offer a reprieve. The changes are meant to “simplify RSV vaccine decision-making for clinicians and the public,” the agency said.
Persons: CNN —, , Robert Hopkins, ” Hopkins, Marlene Wolfe, , Dr, Jerry Weir, Marcus Plescia, Plescia, Sanjay Gupta, ” CNN’s Jen Christensen Organizations: CNN, US Centers for Disease Control, CDC, National Foundation for Infectious Diseases, Stanford University, Emory University, Emory, WastewaterSCAN, FDA, Viral Products, Vaccines Research, FDA’s, Biologics, Association of State, Territorial Health, CNN Health Locations: United States, , Covid
Afghanistan fans celebrate the team's win against Bangladesh at the T20 World Cup. Gurbaz is the leading run scorer at the T20 World Cup. “That Afghanistan team got into the semis for the first time,” the 25-year-old told the International Cricket Council (ICC) website. It’s an unbelievable feeling.”Khan (middle) celebrates the dismissal of India's Rishabh Pant at the T20 World Cup. And in a statement posted online, the Afghanistan Cricket Board expressed its “disappointment” towards Australia’s decision and “reiterates its stance on neutral and politics-free cricket across the globe.”
Persons: – couldn’t, Ashraf Ghani, Mullah Amir Muttaqi, Mullah Khairullah Khairkhah, Rashid Khan, ” Khan, cramp, Jonathan Trott, Ricardo Mazalan, Raees Ahmadzai, Khan –, Mohammad Nabi, Hashmatullah, Rahmanullah Gurbaz, Ibrahim Zadran, Fazalhaq Farooqi, Ramon Espinosa, Trott, Khan, Nabi, Noor Ahmad –, bamboozled, Gurbaz, , , India's Rishabh Pant, Randy Brooks, Barney Ronay, Suhail Shaheen, ” Shaheen Organizations: CNN, Pakistan, Afghanistan Cricket Board, Bangladesh, AFP, Getty, Australia, Afghan national cricket team, International Cricket Council, ICC, Afghanistan, United, Guardian, ACB, FIFA, International Olympic Committee Locations: Australia, Afghanistan, Africa, Trinidad and Tobago, Bangladesh, , AFP, Taliban, United States, Doha
Advertisement'Bridgerton' provided escapist entertainment during a period of isolationPhoebe Dynevor as Daphne Bridgerton and Regé-Jean Page as Simon Basset in season one of "Bridgerton." Will Tilston, Florence Hunt, Luke Thompson, Ruth Gemmell, Luke Newton, and Nicola Coughlan in "Bridgerton" season three. Not only did "Bridgerton" fans read the novels, but they showed off the books themselves — original editions, newer covers, and limited edition variant box sets — on BookTok. Bath & Body Works teamed up with "Bridgerton" to create a 36-piece collection of candles, body care, and more. Not only did Bath & Body Works' "Bridgerton" products sell well, Cooper said, but they helped attract younger customers to stores thanks to promotional efforts on social media, where the "Bridgerton" campaign was the company's "most engaged" effort of the year.
Persons: Jonathan Bailey, he'd, Anthony Bridgerton, Bailey, Julia Quinn's, It's, That's, Charlotte, Phoebe Dynevor, Daphne Bridgerton, Jean Page, Simon Basset, Liam Daniel, Bridgerton, Chris Van Dusen, Rhimes, Cat Quinn, Quinn, Will Tilston, Florence Hunt, Luke Thompson, Ruth Gemmell, Luke Newton, Nicola Coughlan, Netflix Julia Quinn's, Penelope Featherington, Shondaland, Cassandra Morales Thurswell, Daphne Bridgerton's, Tea, Colin Bridgerton, Eloise Bridgerton, Francesca Bridgerton, Earl Grey, Kristina Tucker, Maurice Cooper, , Cooper, Kendall Coleman, Williams, Mary McNamara, Melody Morton, Lush, Penelope Featherington cleanser, Hannah Dodd, Jessica Madsen, Bryan Bedder, Ladurée, Kiko Milano, influencers, Miley Cyrus, Billie Eilish's, Lady Whistledown's, Madsen, Dodd Organizations: Business, Netflix's, Netflix, Quinn's New York Times, New York Times, Republic of Tea, Body Works, Body, Williams, Los Angeles Times, Bath Locations: Morocco, England, COVID, BookTok, Republic, New York, Bath, New York City
That's when Virginia joins the small but growing ranks of states protecting disconnects during extreme heat. "We have to account for extreme heat outside the normal months of the year that are increasingly hotter now," Aird said. I predict we will see more places experiencing heat crises and heat emergencies. Nearly three million people have their electricity shut off annually because they cannot afford to pay monthly bills, according to the Energy Justice Lab. A majority of states (40) have statutory-based utility disconnection protections that cover specific times of year and vulnerable populations, according to the Energy Justice Lab.
Persons: Virginia sweltering, Lashrecse Aird, Aird, David Konisky, Konisky Organizations: Indiana University, Energy Justice Lab, Energy Justice, Energy, Washington D.C Locations: Virginia, That's, Petersburg
Menendez hoped that if I became US attorney, that I would look at (the Daibes case) carefully,” Sellinger said. That testimony came up again Tuesday when Menendez attorney Avi Weitzman pressed Sellinger on the nature of that interaction. This time, Sellinger told Solimon that he would not, after all, need to recuse himself from the Daibes case if he was nominated and confirmed. “If you call Sellinger,” Solimon said he told Menendez after the meeting, “you’ll be comfortable with what he says.”With Suarez’s chances sunk, Menendez recommended Sellinger for the job he had wanted all along. Solimon told Menendez he would contact Sellinger, he testified, but never did.
Persons: Sen, Bob Menendez, Menendez, Philip Sellinger, Sellinger, Fred Daibes, , “ Sen, ” Sellinger, Avi Weitzman, , Weitzman, Nadine, Wael Hana, Nadine Menendez, Jose Uribe, Michael Soliman, Soliman, Esther Suarez, Phil Murphy’s, Murphy, Al Alvarez, Suarez, Alvarez, General Gurbir Grewal, Grewal, Biden, Solimon, ” Solimon, “ I’m, ” Menendez, Organizations: CNN, District of, Daibes, Democratic Gov, New, White, Justice Department, United, ” Prosecutors Locations: Jersey, District of New Jersey, New Jersey, Qatar, American, Hudson County, Solimon, United States
In its latest medium-term market report, titled Oil 2024, the global energy watchdog said oil demand growth was on track to slow down before ultimately reaching its peak of near 106 million barrels per day by 2030. That's up from just over 102 million barrels per day in 2023. At the same time, the IEA expects total oil production capacity to surge to nearly 114 million barrels per day by 2030 — a whopping 8 million barrels per day above projected global demand. The burning of fossil fuels such as coal, oil and gas is the chief driver of the climate crisis. The share of fossil fuels in the global energy supply has stayed at around 80% for decades, according to the IEA, although it expects this to fall to around 73% by 2030.
Persons: Fatih Birol, Birol Organizations: The International Energy Agency, Big Oil, IEA Locations: Monahans , Texas, U.S, OPEC
The five-day, in-office workweek is antiquated for a large share of workers, a relic of the pre-pandemic job market. "Remote work is not going away," said Nick Bloom, an economics professor at Stanford University who studies workplace management practices. Remote work is not going away. Nick Bloom economics professor at Stanford UniversityHis research suggests workers value hybrid work about the same as an 8% raise. 'Firms care about profits, not productivity'In addition, hybrid work doesn't appear to have any negative impact on workers' productivity, Bloom said.
Persons: Justin Paget, Digitalvision, Nick Bloom, workdays, lockdowns, Nick Bunker, Martin, Bloom, Bunker, it's, flexibly Organizations: Stanford University, Research, Finance, Employers, U.S, McKinsey, University of Pittsburgh
CNN —Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. Musk has discussed advising Trump should he win the 2024 election, the Journal reported, citing unnamed sources. Musk called Trump directly via cellphone to explore a role that could potentially give Musk significant influence over US policies. Reporting that Musk and Trump’s relationship has improved comes after Musk’s politics have become more aligned with Trump’s. For Musk to have a direct, private line to a future President Trump “would seem to be a blatant conflict of interest,” said Darrell West, a senior fellow in the governance studies program at the Brookings Institution.
Persons: CNN — Elon Musk, Musk, Donald Trump, Trump, Brian Hughes, , Andrew Harnik, , Darrell West, ” West, Herika Martinez, , Donald Trump’s, Biden, Ron DeSantis, Robert Kennedy , Jr, Paul Pelosi, Hillary Clinton, White supremacists, Imran Ahmed, X, CCDH, Donie O’Sullivan Organizations: CNN, Republican, Wall Street, Trump, SpaceX, Tesla, Brookings Institution, Securities and Exchange Commission, Federal Trade Commission, Traffic Safety Administration, Justice Department, Migrants, US Border Patrol, AFP, Getty, Twitter, US, Republican Florida, Politico Locations: Paris, El Paso , Texas, Ciudad Juarez, Chihuahua State, Mexico
FLiRT variants are offshoots of the JN.1 variant — all part of the broader Omicron family — that caused this winter’s wave. The mutations of the FLiRT variants make increased transmissibility — and a possible summer wave — a real threat. “We learned from the laboratories that FLiRT variants appeared, so far, to be as transmissible as the other Omicron subvariants, which means they’re really quite contagious. As of May 1, the requirement for all hospitals to report Covid-19 data to the federal government has expired. While the FLiRT variants pose some risk this summer, experts remain focused on what might happen in the fall.
Persons: CNN —, , Andy Pekosz, “ We’ve, William Schaffner, ” Schaffner, it’s, ” Pekosz, , Dr, Sanjay Gupta, we’ve Organizations: CNN, US Centers for Disease Control, Data, Johns Hopkins Bloomberg School of Public Health, Vanderbilt University, Schaffner’s Vanderbilt University Medical Center, CDC, JAMA, CNN Health, JN, US Food Locations: United States, Covid
In 1918, an influenza virus jumped from birds to humans and killed an estimated 50 million to 100 million people in a world with less than a quarter of today’s population. For years it has been devastating bird populations worldwide and more recently has begun infecting mammals, including cattle, a transmission never seen before. In another first, the virus almost certainly jumped recently from a cow to at least one human — fortunately, a mild case. As they do, they must be cautious about the lessons they might think Covid-19 left behind. Two assumptions based on our Covid experience would be especially dangerous and could cause tremendous damage, even if policymakers realized their mistake and adjusted quickly.
Spencer Platt | Getty ImagesShares of AMC Entertainment and GameStop have surged once again in a new "meme stock" rally triggered by social media. A social media account named "Roaring Kitty" posted an image for the first time in three years, prompting the trading frenzy. The man purportedly behind the Roaring Kitty account helped lead a meme stock frenzy between 2020 and 2021. watch nowIn some ways, this time differs from when the stocks surged during the Covid-19 lockdown. Roaring Kitty gives the impression that a guy is in his basement trading stocks instead of big investors like hedge funds and investment banks, he said.
Persons: Spencer Platt, Kitty, Dan Egan, Egan, aren't, Roaring Kitty Organizations: New York Stock Exchange, Getty, AMC Entertainment, GameStop Locations: New York City, Las Vegas
CNN —When Lauren Price was eight years old, she wrote down three goals for herself – to become a kickboxing world champion, play international soccer for Wales and compete at an Olympic Games. At 12, she was a world kickboxing champion, a title she won another three times. “This is just the start,” Price, now the WBA, IBO and Ring Magazine welterweight champion, told broadcaster Sky Sports afterwards. Lauren Price won a gold medal at the Tokyo Olympic Games in 2021. My nan used to say ‘reach for the moon, if you fall short you’ll land on the stars,’” Price told Sky Sports.
Persons: Lauren Price, , Price, Matt Lewis, Jessica McCaskill, McCaskill’s, ” Price, , Katie Taylor, Derek, Linda, Buda Mendes, ’ ” Price, it’s, , Ben Shalom Organizations: CNN, Wales, Olympic, Soccer, London, Tokyo, WBA, IBO, Sky Sports, National Lottery, Tokyo Olympic Games Locations: Cardiff, Wales, Ireland
CNN —For South Dakota Gov. A bipartisan group of members of Congress set up a Congressional Dog Lovers Caucus in a not so subtle dig to the South Dakota governor. Some Republicans came to her defense, like South Dakota Rep. As many questioned why she volunteered this story in her book, Noem said it demonstrates how she doesn’t run from the truth. As governor of South Dakota during the height of the Covid-19 pandemic, she resisted lockdowns.
Persons: Kristi Noem, , Donald Trump’s, , Noem, Dusty Johnson, Dakota Sen, Mike Rounds, , ” Noem, ” Trump, Stephen Colbert, Kim Jong, Emmanuel Macron, Kim, Nikki Haley, Haley, Ian Fury, ” Fury, ” Jesse Hunt, Trump, She’s, Corey Lewandowski, That’s, ” Nancy Pallozzi, Matt Gorman, Gorman, it’d Organizations: CNN, South Dakota Gov, Cricket, The Guardian, Caucus, South Dakota Rep, Fox News, Dakota Scout, US House Armed Services Committee, North Korean, Scout, Politico, South Carolina Gov, Republicans, Republican, Republican Governors Association, National Rifle Association, Trump, Trump loyalists, Mar, California GOP, Jefferson County Republicans, Jefferson County Republican Party Locations: Dakota, America, Texas, South Dakota, California, Denver, Jefferson
I spoke with Latina chefs about their culinary crafts at a Latin food festival in New Jersey. On a warm, sunny April day in Paramus, New Jersey, the Westfield Garden State Plaza parking lot transformed into a Latin food festival. Children enjoy the warm weather and live music during a Latin food festival in Paramus, New Jersey. Cynthia Soto, owner of Empanada Lady stands for a portrait near her food stand during the Latin food festival. Honestly, I wasn't expecting much when I heard about a Latin food festival in Paramus.
Persons: , Hurricane Maria, Alvarado Jr, Cynthia Soto, Soto, I've, Franny Reyes, Kathy Quiroga —, Reyes, Sweets, they've, they're, Quiroga, Kathy Quiroga, Karla, Bianca, Margarita, Amores, Fernandez, Sofía Viera Organizations: Puerto Rican, Service, Westfield Garden, Hurricane, BI, BI Entrepreneurship, Latina, Puerto Locations: New Jersey, Puerto, Paramus , New Jersey, Puerto Rico, Jersey, José, Puerto Rican, Piñones , Puerto Rico, Dominican, Long, Kathy Quiroga — Dominican, Reyes, Puerto Rican Cuban, East Coast, mayo, Paramus, Brooklyn
Nvidia has been a cash cow for retail investors lucky enough to buy before the huge AI-fueled rally. Early retail investors told Business Insider their gains have paid for cars, vacations, and dream homes. The stock's steep climb — up over 1,500% since 2019 — has transformed the lives of some of Nvidia's long-term retail investors, resulting in comfier retirements, new cars, and gains worth millions for some. Nvidia shares tumbled by more than 30% in 2018. That sense of security that such a windfall provides was the top theme among the Nvidia investors Business Insider connected with.
Persons: , I'm, ChatGPT, Tom, he'll, Danial hadn't, Danial, Roth, Jeff Roberts, Rick, He's, Chris Downs, Downs, he's Organizations: Nvidia, Business, Service, Vanda Research, Apple, Invest, Mexico City Locations: New Jersey, Texas, Costa Rica, Missouri, Bolivia, Paris, Mexico, Spain
The United Arab Emirates, of which Dubai is part, saw the heaviest rainfall in at least 75 years, with more than a year’s worth of precipitation in 24 hours. Abandoned vehicles on a flooded highway after a rainstorm in Dubai, United Arab Emirates on Wednesday. People stand as flood water caused by heavy rains covers the stairs of a residential building, in Dubai, United Arab Emirates on Wednesday. A man walks in flood water caused by heavy rains, with the Burj Khalifa tower visible in the background, in Dubai, United Arab Emirates, April 17, 2024. Residents move their belongings on a kayak at a flooded residential complex following heavy rainfall, in Dubai, United Arab Emirates on Thursday.
Persons: hadn’t, Christopher Pike, , Sofie, Sheikh, Avinash Babur, Amr Alfiky, Babur, Amr Alfiky Amr Alfiky, Ali Salem, , wasn’t Organizations: UAE CNN, United, United Arab Emirates, Bloomberg, Getty, Dubai Marina, CNN, , Dubai “, REUTERS, Reuters, . Schools Locations: Dubai, UAE, United Arab Emirates, Ras Al, Khaimah, Persian, United Arab, Western, lockdowns, freezers, United States, China, Burj Khalifa, Jumeirah
NPR editor who criticized outlet for liberal bias out
  + stars: | 2024-04-17 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +2 min
CNN —Uri Berliner, a National Public Radio senior editor who wrote a scathing online essay accusing the public radio network of harboring a liberal bias, said Wednesday he had resigned from the outlet. “I am resigning from NPR, a great American institution where I have worked for 25 years,” Berliner wrote in a resignation letter to NPR chief executive Katherine Maher, which he posted to his X account. Berliner’s resignation came after he was suspended for five days without pay over his 3,500-word piece in the anti-establishment publication The Free Press. In his resignation letter, Berliner said he did not support calls to defund NPR and that he wants to see the audio-focused outlet thrive. Berliner’s allegations of network bias were billed as a top story, with right-wing outlets and personalities portraying Berliner as a “whistleblower.”
Persons: CNN — Uri Berliner, ” Berliner, Katherine Maher, Berliner’s, Berliner, Donald Trump colluded, Hunter, Edith Chapin, Maher, Trump, Isabel Lara, Maher “, Donald Trump, Organizations: CNN, Public Radio, NPR, Free Press, Fox News Locations: American, Russia, York,
It described the notice as a “final warning,” saying Berliner would be fired if he violated NPR’s policy again, Folkenflik reported. An NPR spokeswoman told CNN the outlet “does not comment on individual personnel matters, including discipline.” Berliner did not immediately respond to a CNN request for comment. Other NPR staffers publicly rejected Berliner’s assessment in social media posts. “Many things wrong w/terrible Berliner column on NPR, including not observing basic fairness,” NPR TV critic and media analyst Eric Deggans wrote. On his Truth Social media platform, Trump called NPR a “LIBERAL DISINFORMATION MACHINE,” that “NOT ONE DOLLAR” of government funds should be sent to in the future.
Persons: NPR’s David Folkenflik, Uri Berliner’s, Berliner, Folkenflik, ” Berliner, Donald Trump colluded, York Post’s Hunter Biden, Edith Chapin, Eric Deggans, “ Didn’t, Trump, , , Jesse Watters, Katherine Maher, Isabel Lara, Christopher Rufo, Maher “ Organizations: New, New York CNN, NPR, CNN, Free Press, York, Corporation for Public Broadcasting, Social, Trump, Fox News, Berliner Locations: New York, Russia, LIBERAL
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street's head of investment strategy in EMEA said Tuesday. "The traditional transmission policy mechanism has broken, or doesn't work as well," Kassam told "Squawk Box Europe." As such, the impact of, for example, sustained higher interest rates may not be felt until further down the line when they come to refinance. "For now, consumers and corporates aren't feeling the pinch of higher interest rates," he added.
Persons: Jerome Powell, Altaf Kassam, Kassam Organizations: Federal, Committee, Federal Reserve, CNBC, Fed Locations: Washington , U.S, U.S
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