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Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week's half percentage point interest rate cut as she worries that inflation could reignite. In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed's twin goals of achieving low inflation and full employment. Though Bowman favored a reduction, she preferred the Fed lower by a quarter percentage point, more in line with the traditional moves at the central bank. In recent statements, Fed officials have cited easing inflation and a softening labor market as justification for the cut. At last week's meeting, individual policymakers indicated they expect another half percentage point in cuts this year and another full point in 2025.
Persons: Michelle Bowman, Bowman Organizations: Federal Locations: Kentucky
Asked if Israel will launch a full-scale ground operation in Lebanon, Herzog insisted that his country did not want war. watch nowHezbollah has continued firing rockets into northern Israel since the attack, most of which have landed in open areas or been intercepted by air defenses. On Saturday, the group launched a salvo of more than 100 missiles into northern Israel, wounding at least five people, Israeli authorities said. Lebanon's health ministry said Israel's strikes on Monday killed at least 558 people, including 50 children, and injured more than 1,800. Israel's leaders have vowed that evacuated residents of northern Israel will be able to return to their homes.
Persons: Isaac Herzog, stoking, Herzog, CNBC's Dan Murphy, Rabih Daher, Antonio Guterres, Guterres, Joe Biden Organizations: Hezbollah, Afp, Getty, 79th United Nations General Assembly, Pentagon, Ibrahim Amro Locations: Israel, Lebanon, Iranian, Lebanese, Gaza, Marjayoun, Beirut, New York, U.N, U.S, The U.S, Damour, Ibrahim
Iranian President Masoud Pezeshkian said on Monday that Iran does not seek a wider war in the Middle East and that such a conflict would have no winners. Pezeshkian’s remarks come as U.S. officials fear the prospect of an all-out war between Israel and Hezbollah, the Lebanese militant group backed by Iran. The Iranian president also slammed the United States and other Western countries for what he called double standards as they criticized Iran over human rights but ignored Israel’s “atrocities” in Gaza. President Barack Obama, standing with Vice President Joe Biden, in the East Room of the White House in response to the Iran Nuclear Deal, on July 14, 2015. The full extent of Iran’s nuclear capabilities remain unclear, though the country has maintained that its nuclear program is for civilian, not military, purposes.
Persons: Masoud Pezeshkian, ” Pezeshkian, Pezeshkian, Israel, , Pezeshkian’s, Israel’s, “ Let’s, , Abbas Araghchi, Donald Trump, Barack Obama, Joe Biden, Andrew Harnik, Washington, Iran’s, Araghchi Organizations: Hezbollah, Lebanon’s Health Ministry, Iranian, White, Iran Nuclear, Department, AP, IAEA, International Atomic Energy Agency Locations: Iran, New York, Tehran, Israel, Lebanese, United States, Gaza, Red, U.S, Russia, Ukraine
It’s been a typical fire season in California so far based on overall statistics. Josh Edelson/AFP/Getty ImagesTo have a fire like the Bridge Fire grow so rapidly without Santa Ana winds is “fairly significant and unusual,” Chavez remarked. In early June, abnormally dry conditions only existed in about 1% of California, according to the US Drought Monitor. Where peak fire danger could still be to comeFall marks a critical inflection point for fire season in California given typical weather conditions. Chavez is “always” concerned about what Santa Ana winds could unleash on the fire season in Southern California.
Persons: It’s, Tim Chavez, Chavez, Josh Edelson, ” Chavez, it’s what’s, Daniel Swain, Swain, ” Swain, Joshua Tree, , David Swanson, Organizations: CNN, CAL FIRE, Getty, Santa Ana, University of California, US Drought Monitor, National Interagency Fire Center Locations: California, Northern California, San Diego, Santa Ana, Tehama County , California, AFP, Santa, Los Angeles, Southern California, Southern, Running Springs , California
But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday. The jumbo half-point cut the Fed ultimately rolled out was not at all what traders expected a week ago. Powell: Fed officials ‘left the size of the rate cut open’ ahead of September meetingIn a closely watched speech at the Fed’s annual economic symposium in Jackson Hole, Wyoming, last month, Powell declared “the time has come” to cut interest rates. That data was apparently enough to spur some Fed officials to reconsider their position. “But we do not expect Fed officials to be intentionally opaque,” said Husby.
Persons: Jerome Powell, Powell, , , Price, Christopher Waller, , Powell’s, Thomas Simons, ” Simons, Michelle Bowman, “ We’re, Andrew Husby, Waller, there’s Organizations: New, New York CNN — Federal, Fed, PPI, CNBC, Jefferies, BNP Locations: New York, Jackson Hole , Wyoming
In a historic dissent, Michelle Bowman, a Fed governor, advocated instead for a smaller 25 basis point cut. AdvertisementLeading up to the rate cut, Fed Chair Jerome Powell repeatedly emphasized the Fed's goals of maximum employment and a 2% inflation rate. Bowman said she believes inflation could come closer to the Fed's target with more gradual easing, which would avoid a spike in demand from lower borrowing costs. AdvertisementBowman has long advocated for tighter monetary policy to rein in inflation, skewing hawkish among the Fed's members. "We should keep in mind the historical lessons and risks associated with prematurely declaring victory in the fight against inflation," Bowman said in a speech last year.
Persons: , Michelle Bowman, Bowman, Jerome Powell, Powell Organizations: Service, Fed, Business, New York Fed
Gold holds ground after Fed's oversized rate cut
  + stars: | 2024-09-19 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices held steady on Thursday after hitting a record high in the previous session, after the U.S. Federal Reserve delivered a super-sized interest rate cut. Spot gold was little changed at $2,562.85 per ounce, as of 0319 GMT after scaling a record high of $2,599.92 on Wednesday. Powell, however, said the economy remained strong, with many job market indicators like unemployment claims and even the current 4.2% unemployment rate not at worrying levels. Zero-yield bullion tends to be a preferred investment in a lower interest rate environment and during geopolitical turmoil.
Persons: Jerome Powell, Powell, Kelvin Wong, OANDA's Organizations: Aurum, U.S . Federal Reserve, Fed, Asia, Traders Locations: ., Lebanon
CNN —Microsoft said Tuesday that Russian operatives have in recent weeks intensified their online attacks on Vice President Kamala Harris’ campaign by producing and disseminating videos promoting “outlandish conspiracy theories” aimed at stoking US racial and political divisions. One of the inauthentic videos, which Microsoft said had been viewed millions of times, claimed to show Harris supporters attacking an attendee of a Donald Trump rally. Russian operatives promoted the latter story through a website pretending to be a local San Francisco media outlet, Microsoft researchers said. CNN has requested comment on the Microsoft report from the Harris-Walz campaign and from the Russian Embassy in Washington, DC. Tehran has conducted a covert social media activity in an effort to undercut Trump’s candidacy, US officials have said.
Persons: Kamala Harris ’, Harris, Donald Trump, denigrate, , haven’t, Joe Biden, Hillary Clinton, Walz, , Biden, , ” Clint Watts Organizations: CNN, Microsoft, Russian, Ukraine, National Intelligence, Russian Embassy, Democratic, The, Department, Justice Department, Tenet Media, Monday, Trump, FBI Locations: San Francisco, Russia, Moscow, Russian, Washington , DC, Iran, Tehran
How a fringe claim about immigrants eating pets made it to the mainstream. Boeing workers are set to strike. How a fringe claim about immigrants ‘eating the pets’ made its way to the debate stageIt started as a fringe obsession. “In Springfield they’re eating dogs,” Trump said, referring to an Ohio city dealing with an influx of Haitian immigrants. More 2024 election coverage:Boeing workers set to strike after rejecting contractMore than 30,000 Boeing workers are set to strike today, halting production on most of the company’s aircraft, after staff overwhelmingly rejected a new labor contract.
Persons: , Donald Trump, Kamala Harris, ” Trump, Read, Trump’s, Sen, JD Vance, Ohio, , , It’s, Justin Wayne Halstenberg, San Bernardino County Sheriff Shannon Dicus, Halstenberg, Jason Anderson, Trump, Newsmax, Tua Tagovailoa, Edward Caban, Søren Rysgaard, — Evan Bush, there’s, Elizabeth Robinson Organizations: Boeing, , Facebook, Trump, International Association of Machinists, Aerospace Workers, San Bernardino County Sheriff, Cal Fire, Miami Dolphins, Buffalo Bills, New York, New York City Police, Idaho Supreme, University of Idaho, Ivy League, Danish Army, seismologists, NBC Locations: Springfield , Ohio, Springfield, Ohio, Nazi, Seattle, Oregon, California, San Bernardino County, Southern California, Georgia, New York City, Idaho, Greenland
Pohlhaus, a Marine-turned-tattoo artist known as “Hammer” to his hundreds of followers, wrote Blood Tribe had “pushed Springfield into the public consciousness.”Members of his hate group agreed. “This is what real power looks like.”A sign hangs from a streetlight at the intersection of Main Street and Fountain Avenue in Springfield, Ohio, on Wednesday. As with most rumors, the beginning of the baseless claims about Haitians eating pets in Springfield is hard to pinpoint, but Blood Tribe undoubtedly helped spread it. “Hello, Springfield Ohio! Blood Tribe and other hate groups have used the real-world actions for recruitment, attention and intimidation.
Persons: Donald Trump, Christopher Pohlhaus, , Paul Vernon, , Blood Tribe’s, didn’t, Sen, JD Vance, Ohio, ” Vance, Rob Rue, Drake Berentz, Pohlhaus, Berentz, it’s, Jeff Tischauser, “ Heil Hitler, ” Tischauser, Tischauser, Springfield Organizations: Nazi, Haitian, Nielsen, Facebook, Springfield Police Division, NBC News, Blood, Metrics, 4chan, Trump, Commission, Springfield, Southern Poverty Law Center, Disney, GOP Locations: Springfield , Ohio, Springfield, Fountain, Columbus , Ohio, MAGA, downtown Springfield, , Springfield Ohio, Haitian, , Columbus, Wadsworth , Ohio, Watertown , Wisconsin, Madison, Harrisburg , Pennsylvania, Nashville , Tennessee, Pierre, South Dakota
Future Coalition PAC has spent nearly $60,000 running several YouTube ads targeting Michigan, according to Google’s Ads Transparency Center. Each of the ads emphatically states Harris’ support for Israel, and many pointedly highlight her husband, Doug Emhoff, who is Jewish. “Kamala Harris is a strong leader for these difficult times. Kamala Harris and Doug Emhoff: making history, standing up for what’s right, supporting Israel.”Another one of the ads opens, “Vice President Harris has chosen a side, the right side. And joining Kamala will be her husband and top advisor, Doug Emhoff, who would be the first Jewish presidential spouse ever.
Persons: Kamala Harris’s, Harris, Doug Emhoff, Emhoff, Harris ’, , Biden administration’s, Joe Biden, Donald Trump ., “ Kamala Harris, Kamala, Kamala Harris, Benjamin, Netanyahu, she’ll, let’s, Cabell Hobbs, Ron DeSantis ’ Organizations: CNN, Republican, Israel, Future Coalition PAC, Democratic, Muslim, Future Coalition, DC, White, , Federal, Commission, Florida Gov Locations: Michigan, Gaza, Israel, Emhoff, Palestine, America
This story is available exclusively to Business Insider subscribers. "It really conjured up my fears around AI, and the dangers of spreading misinformation. AdvertisementThe images also included an Uncle Sam-inspired depiction of Swift with the words, "Taylor wants you to vote for Donald Trump." However, two of the images Trump shared appeared to be real, showing actual Trump supporter Jenna Piwowarczyk . Representatives for Trump did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Taylor Swift, Kamala Harris, Donald Trump, Harris, Swift, Donald Trump's, Trump, Sam, Taylor, Jenna Piwowarczyk, Kamala, Walz Organizations: Service, Business, Trump, Fox Business, Swift, Biden, Democratic
Read previewIt's officially a "Love Story" between Taylor Swift and Vice President Kamala Harris. The superstar singer endorsed Harris for president on Tuesday night, minutes after the end of the debate between the vice president and former President Donald Trump. She signed off her post with the phrase: "Taylor Swift, Childless Cat Lady." When questioned on Swift's Harris endorsement, Trump said he had "no idea" about it. AdvertisementMany Democrats have been frothing at the mouth for a Swift endorsement given her unique cultural sway and loyal fandom.
Persons: , Taylor Swift, Kamala Harris, Harris, Donald Trump, Swift, Cat Lady, Sen, JD Vance's, Tim Walz, " Walz, Trump, Swift's Harris, Swift's, Kamala —, X —, Joe Biden, Marsha Blackburn, Scott, Brittany Mahomes, Patrick Mahomes, Travis Kelce, Stevie Wonder, John Legend, Charlie XCX Organizations: Service, Business, MSNBC, Democratic, Truth, Kansas City Chiefs, Fox Business, Democratic National Convention, Minnesota Gov Locations: America
Stand With Crypto's bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto AllianceStand With Crypto's bus tour through five battleground states is all about getting people registered to vote. Logan Dobson/Stand With Crypto Alliance"Bipartisan crypto legislation has already passed the House of Representatives, and more and more elected officials are coming out in support of crypto," the letter says. Stand With Crypto's tour through battleground states is more about turning out the vote than raising cash. Logan Dobson/Stand With Crypto Alliance
Persons: Logan Dobson, ABC didn't, Ohio Sen, JD Vance, Harris, Tim Walz, Joe Biden, Crypto, Sen, Kyrsten Sinema, Kyrsten, who's, Sinema, Paul Grewal Organizations: Crypto Alliance, Representatives, ABC, Trump, Public Citizen, CNN, Democratic, Crypto, Washington , D.C Locations: Phoenix, Las Vegas, Minnesota, Phoenix , Arizona, Arizona, Nevada, Michigan , Wisconsin, Pennsylvania, Washington ,
Read previewWe're getting closer to a cure for range anxiety, so why don't more people want an EV? This dip in demand is reflected in a stagnation in EV sales growth over the past year as companies adjust to a new crop of more practical green-car shoppers. Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022. Affordability is also a key issue for today's electric car shoppers, an issue the industry has tried to address with lower sticker prices. But EV shoppers have found a new cost to angst over.
Persons: , EY, Marc Coltelli, Kelley, EVs, it's, Power, Raman Ram Organizations: Service, Business, Power, Utilities, Industry, EV, Pew Research, Department of Energy, Americas Aerospace, Defense Locations: Americas
Jim Cramer names chip stocks to buy on the dip
  + stars: | 2024-09-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer on Monday recommended three chip stocks to buy at a discount: Micron , AMD and Arm . "I think the chip stocks have sold off way too hard," he said. The chip sector has retreated in recent weeks, with SMH , a prominent semiconductor exchange-traded fund, down more than 18% from its 52-week high in July, according to FactSet. Micron : Cramer called Micron "the market leader in memory chips," and said the hyperscalers building out data centers need memory. He added that he thinks the stock is currently cheap based on its earnings estimates for the next fiscal year.
Persons: CNBC's Jim Cramer, FactSet, Cramer, , stoking, AMD's Organizations: Micron, AMD, Nvidia, Apple
Although Swift has been photographed with this group quite a lot during her WAG era, the timing of this particular link-up was notable, thanks to the controversy surrounding Brittany Mahomes' political ties. "I want to thank beautiful Brittany Mahomes for so strongly defending me," he wrote. Related storiesTaylor Swift and Brittany Mahomes celebrate a touchdown at Arrowhead Stadium last year. Indeed, Swift has repeatedly used public appearances, paparazzi walks, and collaborations to signal her support for other women. AdvertisementTaylor Swift, Brittany Mahomes, Travis Kelce, and Patrick Mahomes at the US Open.
Persons: , Taylor Swift, Travis Kelce, Patrick Mahomes, Brittany Mahomes, Swift, Donald Trump, Mahomes, Trump, David Eulitt, Swifties, WAG, Sophie Turner, Joe Jonas, Matty Healy, Healy, Spice, Swift's, Al Bello, Jackson Mahomes, Kamala Harris, Mahomes —, Trump's, that's, who've, Harris, Hillary Clinton, Joe Biden, We'll Organizations: Service, Kansas City Chiefs, Business, Arrowhead, Trump, Chiefs, Spice, Time, Democratic, NFL, New York Post, The Daily, Social Locations: Queens , New York, Brittany, New York City
Now, the Justice Department is alleging that some of the biggest stars in right-wing social media were, unwittingly, part of a sinister Russian operation to influence the 2024 US election. What is Tenet Media? “Overt shilling”The Russians also pushed Tenet to promote videos that were going viral on social media, according to the indictment. Tenet Media has not responded to requests for comment and stopped posting content on Wednesday. After the 2016 US presidential election, congressional and federal investigations showed Moscow had successfully co-opted unwitting Americans to stage protests, run social media accounts and host events at its behest.
Persons: CNN — They’re, weren’t, Tim Pool, Benny Johnson, Lauren Southern, Tayler Hansen, Matt Christiansen, Dave Rubin, Johnson, MAGA influencers, Rubin, Glenn Beck’s, Enrique Tarrio, Jack Posobiec, Pool, Donald Trump, Donald Trump Jr, Christiansen, Lauren Chen, Liam Donovan, Chen, Donovan, , Donald Trump’s, Vladimir Putin, Viktor Orban, Evgenia Novozhenina, , Trump, Q, Justin Trudeau, Putin, Trudeau, Israel, ” Rubin, Eduard Grigoriann, “ Grigoriann, Tenet, Tucker Carlson, Carlson fawned, I’ll, Nina Jankowicz, , unvarnished ’, Renee DiResta, Donie O’Sullivan Organizations: CNN, Justice, Justice Department, Tenet Media, Kremlin, Vice Media, Independent, Young Turks, YouTube, Tenet, Google, Proud Boys, Blaze Media, Ukraine, The Justice Department, Republican Party, Trump, Democrats, , United, ISIS, Hungary's, Reuters “, Canadian, Hamas, FBI, Fox News, American Sunlight, Media, DOJ, Soviet, Stanford Internet Observatory Locations: Tennessee, Russia, Ukraine, , “ Ukraine, United States, Moscow, Russian, Colorado, American
PHOENIX — Robert F. Kennedy Jr.'s campaign told a Pennsylvania court that he will be endorsing former President Donald Trump, ahead of his own Friday afternoon announcement putting to rest a tumultuous independent presidential campaign. The filing came shortly before Kennedy took the stage at an Arizona press conference where he announced the end his presidential campaign. The Kennedy campaign spent more than $8 million on campaign consulting from Accelevate 2020 LLC, a group that also does ballot-access work. Overall, the campaign effectively raised what it spent — it amassed $57.6 million and spent almost $54 million through July. Federal campaign finance records show Kennedy’s campaign spent more than $3 million on security services provided by Gavin de Becker, a prominent security consultant protecting celebrities who is also a Kennedy supporter and friend.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Trump, Kamala Harris, Biden's, Harris, Vladimir Putin, , they’d, , , Nicole Shanahan, Walz, ” Shanahan, Shanahan, I’m, Gavin de Becker, Katherine Koretski, Ben Kamisar Organizations: PHOENIX, Democratic Party, Trump, Democratic, Democrat, NBC News, Accelevate, Trump Republican Locations: Pennsylvania, United States, Arizona, Glendale, Trump, New, New York, Kamala, Phoenix, Washington ,
Bank of America strategist Michael Hartnett advises buying gold amid record-high prices. Gold's year-to-date rally of about 20% is outperforming US tech stocks. AdvertisementInvestors should buy gold even as the metal hovers around record-high prices, according to Bank of America investment strategist Michael Hartnett. AdvertisementHartnett noted that gold is the only asset that's outperforming US tech shares. AdvertisementThe juxtaposition of record-high gold prices and negative outflows is "explained only by unprecedented central bank buying," Hartnett said, adding China's central bank was the largest buyer of gold in 2023.
Persons: Michael Hartnett, Hartnett, , haven't Organizations: of America, stoke, Service, Bank of America, Federal Reserve, 2nd
PHOENIX — Robert F. Kennedy Jr.'s campaign told a Pennsylvania court that he will be endorsing former President Donald Trump, ahead of his own Friday afternoon announcement putting to rest a tumultuous independent presidential campaign. The filing came shortly before Kennedy was set to take the stage at an Arizona press conference where he's expected to formally end his presidential campaign. Initially, Kennedy sought the Democratic presidential nomination, but he decided in October 2023 to run as an independent bid instead. The Kennedy campaign spent more than $8 million on campaign consulting from Accelevate 2020 LLC, a group that also does ballot-access work. Overall, the campaign effectively raised what it spent — it amassed $57.6 million and spent almost $54 million through July.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Trump, they'd, Nicole Shanahan, Kamala Harris, Walz, Shanahan, I'm, Gavin de Becker, Katherine Koretski, Ben Kamisar Organizations: PHOENIX, Democratic, Trump, Democrat, NBC News, Accelevate, Trump Republican Locations: Pennsylvania, United States, Arizona, New, New York, Kamala, Phoenix , Arizona, Washington ,
Meet the Rural Voters Who Could Swing North Carolina’s ElectionThe most rural of the battleground states this year is North Carolina. Scroll to play video Muted Gracie Torres Gracie Torres Nick Ellison Nick Ellison Sonja Stone Sonja Stone Sharon High-Jones Sharon High-Jones Gracie Torres Gracie Torres Julius Syfrett Julius Syfrett Paige Chesson Paige Chesson Connor Webb Connor Webb Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Greg Mason Greg Mason Sharon High-Jones Sharon High-Jones Paige Chesson Paige Chesson Carl Smith Carl Smith Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Nick Ellison Nick Ellison Julius Syfrett Julius Syfrett Nick Ellison Nick Ellison Connor Webb Connor Webb Nick Ellison Nick Ellison Amanda Cameron Amanda Cameron I think Trump is a good candidate. I try to make prayerful decisions whenever I’m going in to vote. Scroll to play video Muted Julius Syfrett Julius Syfrett Politicians don’t know crap about a working man out here. When I go to vote, I’m going to be thinking When I go to vote, I’m going to be thinking a whole lot about taxes and inflation.
Persons: Connor Webb Connor Webb Nick Ellison Nick Ellison Sharon High, Jones Sharon, Jones Paige Chesson Paige Chesson Sonja Stone Sonja Stone Alberto Herrera Alberto Herrera Julius Syfrett Julius Syfrett Nick Ellison Nick Ellison Amanda Cameron Amanda Cameron Sharon High, Jones Julius Syfrett Julius Syfrett Connor Webb Connor Webb Greg Mason Greg Mason Amanda Cameron Amanda Cameron Carl Smith Carl Smith Alberto Herrera Alberto Herrera Gracie Torres Gracie Torres Sonja Stone Sonja Stone Sharon, Jones Nick Ellison Nick Ellison Connor Webb Connor Webb Gracie Torres Gracie Torres Nick Ellison Nick Ellison Connor Webb Connor Webb, I’m, I’ve, Wilson, Kamala Harris, Biden, Anderson Clayton, David Sherrod, Donald J, Mr, Sherrod, ” David Sherrod Jamar Jones, Jamar Jones, Jones, Trump, Gracie Torres Gracie Torres Nick Ellison Nick Ellison Sonja Stone Sonja Stone Sharon, Jones Gracie Torres Gracie Torres Julius Syfrett Julius Syfrett Paige Chesson Paige Chesson Connor Webb Connor Webb Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Greg Mason Greg Mason Sharon High, Jones Paige Chesson Paige Chesson Carl Smith Carl Smith Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Nick Ellison Nick Ellison Julius Syfrett Julius Syfrett Nick Ellison Nick Ellison Connor Webb Connor Webb Nick Ellison Nick Ellison Amanda Cameron Amanda Cameron, There’s, you’re, Harris “, Harris, , Kamala, , Joker, He’s, stoking resentments, Julius Syfrett Julius Syfrett, That’s, Carl Smith Carl Smith, Race, Flor Herrera, Picasso, Sonja Stone Sonja Stone Gracie Torres Gracie Torres Nick Ellison Nick Ellison Connor Webb Connor Webb Amanda Cameron Amanda Cameron Sharon High, Jones Sonja Stone Sonja Stone Julius Syfrett Julius Syfrett Connor Webb Connor Webb Gracie Torres Gracie Torres Sharon High, Jones Gracie Torres Gracie Torres Sonja Stone Sonja Stone Julius Syfrett Julius Syfrett Sharon, Jones Connor Webb Connor Webb I’m, Donald Trump, we’ve, It’s, John Reed, John Reed “, Reed, Robert F, Kennedy Jr Organizations: Rural, Raleigh People, Democratic, Democratic Party, Trump, North Carolina Democrats, Carolina, Minor League Baseball, Residents Locations: North Carolina, Texas, Wilson County, Raleigh, It’s, Wilson, United States, America, Nash County
And so does the broader US economy: Economic growth this year has been solid and the Atlanta Fed is projecting that growth hasn’t slipped. “The labor market is cooling, but it’s not getting soft. A slowing job market is also playing a role in nudging the Fed to ease borrowing costs. Translation: The recent weakness in the job market could result in American shoppers curbing their spending more than expected. A big question mark is the future of America’s job market, which is a key driver of the US economy.
Persons: Washington CNN —, , Jerome Powell, , “ Powell, Seema Shah, hasn’t, ” Tom Porcelli, it’s, Powell, cooldown, ” Powell, aren’t, they’re, , “ There’s, Elizabeth Renter Organizations: Washington CNN, Federal, Fed, Markets, Asset Management, Atlanta Fed, Treasury, CNN, Walmart, America’s Locations: Jackson Hole , Wyoming, nudging
Some of the violence pitted student activists against pro-government student and youth groups and police, and many of those who died were among the student activists. However, Hasina’s statement underlined that police officers, members of her Awami League political party, bystanders and others also were victims of what she described as “terrorist aggression.” She previously has blamed opposition parties for stoking the unrest. Hasina’s statement came as the country’s interim government on Tuesday canceled a public holiday that she had declared for Thursday to mark the death of her father, Bangladesh’s independence leader Sheikh Mujibur Rahman. The cancellation came at the request of at least seven political parties, including the main previous opposition group, the Bangladesh Nationalist Party. An interim government is now running the country, with Muhammad Yunus, a Nobel peace laureate, sworn in as interim leader.
Persons: Bangladesh —, Sheikh Hasina, Hasina, Sajeeb Wazed Joy, Hasina’s, Sheikh Mujibur Rahman, S.M, Amir Hamza, Abu Sayeed, Rajesh Chowdhury, Hamza, Sayeed, Asaduzzaman Khan, Obaidul Quader, Rajib, Anisul Huq, Salman F, Rahman, Mainul Hasan, Muhammad Yunus Organizations: Awami League, Bangladesh Nationalist Party, Home, Awami League party’s, Mohammadpur, Police Locations: DHAKA, Bangladesh, India, Dhaka, Rajib Dhar, U.S
CNN —Renewed fears of ethnic cleansing against the stateless Rohingya Muslim community are mounting after reports that hundreds of people, including women and children, were killed by drone strikes while fleeing violence in Myanmar’s western Rakhine state last week. Witnesses and Rohingya activists told CNN that a series of drone strikes on August 5 hit civilians fleeing fighting and violence in their villages in Maungdaw, northern Rakhine. The displaced families had been waiting to cross the river to Bangladesh at the time of the attack, they said. Forced recruitment of Rohingya men and boys is stoking religious tensions between the Rohingya Muslim and Rakhine Buddhist communities, the report said. “Ethnic Rohingya and Rakhine civilians are bearing the brunt of the atrocities that the Myanmar military and opposition Arakan Army are committing,” said Elaine Pearson, Asia director at Human Rights Watch.
Persons: Rohingya, , , , , Orla Murphy, Hasan, Rehman Asad, Mohammad Elias, Elias, ” Elias, Elaine Pearson Organizations: CNN, Arakan Army, AA, Myanmar, United Nations, International Court of Justice, Free Rohingya Coalition, Resource Management, Sans, MSF, , ” CNN, Bangladesh’s Border Guard Force, Human Rights, Human Rights Watch Locations: Rakhine, Myanmar, Bangladesh, Ma, Maungdaw, Myanmar’s, Muangdaw, Lwin, Rohingya, Cox’s Bazar, Ukhia, Cox's Bazar, , Buthidaung, Arakan, Asia
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