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The search for Robert Card, 40, of Bowdoin, involved both old-fashioned footwork and advanced technology, but for almost two days after the shooting there was still no sign of Card by air, water or land. Maine's wildlife game wardens were among the officers taking part in the water search. “That AI technology can be used to search the video faster," Carter said. SEARCHING BY AIRColder temperatures expected this weekend would have made it easier to use thermal search equipment, Sauschuck said during the afternoon press conference. “Helicopters and drones, given how wooded it is there, using infrared technology can help you look through the canopy,” Carter said.

Persons: outdoorsman, Robert Card, Bowdoin, Mike Sauschuck, Sauschuck, Ryan Smith, David Carter, ‘ I’ve, ’, ’ ”, Carter, “ It’s, ” Carter, “ It's, “, ”, Michael Balsamo Organizations: Maine Public, U.S . Coast Guard, Maine's Department of Public, Michigan State University, FBI, “ Helicopters, Maine Department of Inland Fisheries, Wildlife, Canada Border Services Agency, Lewiston Police Department, Analysis, Associated Press Locations: Maine, Androscoggin, Lisbon Falls , Maine, Kennebec, U.S, State, New York

☆ Why Biden’s strong economy feels so bad to most Americans
▼ + stars: | 2023-09-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

By almost any objective measure, Americans are doing much better economically than they were nearly three years ago, when President Joe Biden took office. Inflation hangoverSharply higher prices in 2021 and 2022 marked a painful economic moment for households around the world. The partisan gapCNN’s latest poll shows that Republicans and Democrats are both souring on President Biden’s handling of the economy. “People are no longer telling us how they feel about the economy — really, they’re telling us how they feel about the president,” Wolfers said. Either way, that poses a political problem for President Biden, whose re-election campaign has sought to highlight the economy’s strengths.

Persons: New York CNN —, Joe Biden, SSRS, “, There’s, ”, Justin Wolfers, Wolfers, That’s, ” Wolfers, you’d, ” Morgan Stanley, Jamie Kelter Davis, Carola Binder, —, Biden, It’s, Biden’s, David Axelrod, — CNN’s Matt Egan Organizations: New, New York CNN, CNN, University of Michigan, P Global Market Intelligence, Atlanta, Bloomberg, Getty, United, Index, Bureau of Labor Statistics, Haverford College, Biden, “, White House Locations: New York, Wolfers, United States, Ukraine

☆ 'Shark Tank' investor Kevin O'Leary says it's weird there's no recession yet — and predicts mortgage rates will exceed 8%
▼ + stars: | 2023-08-31 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Kevin O'Leary finds it surprising the US economy has avoided a recession so far. The "Shark Tank" investor expects interest and mortgage rates to rise further. The US economy has managed to escape a recession so far — but mortgage rates are headed higher in the months ahead, he said. "We have this weird situation in America, we're at full employment," the "Shark Tank" investor told Fox News. Wonderful" — said interest rates were on track to hit 6% at least, pushing mortgage rates from about 7% today to above 8%.

Persons: Kevin O'Leary, Jerome Powell, Jim Chanos, O'Leary, — Organizations: Service, we're, Fox News, Federal Reserve Locations: Wall, Silicon, America, Texas, Florida

☆ Soft Landing Optimism Is Everywhere. That’s Happened Before.
▼ + stars: | 2023-07-27 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Inflation has begun to cool meaningfully, but unemployment remains historically low at 3.6 percent and hiring has been robust. Consumers continue to spend at a solid pace and are helping to boost overall growth, based on strong gross domestic product data released on Thursday. Mr. Powell said that while he was not yet ready to use the term “optimism,” he saw a possible pathway to a relatively painless slowdown. Those rate moves are trickling through the economy, making it more expensive to buy cars and houses on borrowed money and making it pricier for businesses to take out loans. “The prevailing consensus right before things went downhill in 2007, 2000 and 1990 was for a soft landing,” said Gennadiy Goldberg, a rates strategist at TD Securities.

Persons: Jerome H, Powell, ”, Gennadiy Goldberg Organizations: TD Securities, “ Locations: Washington

☆ Americans are feeling far more confident about the economy
▼ + stars: | 2023-06-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

Minneapolis CNN —Americans are feeling fairly bullish about the United States’ economic prospects: A key measurement of consumer confidence just jumped to its highest level since January 2022. The Conference Board’s Consumer Confidence Index was 109.7 in June, rising from 102.5 the month before, according to a report released Tuesday. The latest survey from the business research and membership organization continued to show that consumers retained a far sunnier outlook about the present than what could come in the months ahead. Both the present situations index and the expectations index rose from May; however, the latter remains at a level that flashes a recession warning signal, the Conference Board noted. Still, consumers indicated their plans to purchase homes and cars have slowed, and they’re pulling back more on vacation plans, including travel domestically.

Persons: ” Dana Peterson, ” Peterson Organizations: Minneapolis CNN, Conference Board Locations: Minneapolis, United States

☆ IATA: Airline industry expects to make profits of nearly $10 billion this year
▼ + stars: | 2023-06-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

IATA on Monday more than doubled its 2023 profit forecast for the global airline industry despite a looming economic downturn. Airlines are expected to make $9.8 billion in net profit in 2023, up from a December forecast of $4.7 billion. The industry’s main lobby group expects 4.35 billion people to travel by air this year, not far off the 4.54 billion passengers who flew in 2019. The figures mark a significant turnaround for the airline industry, which carried just 1.8 billion passengers in 2020 because of the coronavirus pandemic, at a loss of $76 per traveler. From that nadir, air travel has rebounded even as high inflation and rising interest rates weigh on spending by businesses and consumers in other areas.

Persons: Willie Walsh, ” Walsh, Walsh, “, CNN’s Richard Quest, we’re, ” — Gayle Harrington Organizations: London CNN — Global, International Air Transport Association Locations: Istanbul, “

☆ Lowe's cuts full-year sales forecast, even as it tops earnings and revenue estimates
▼ + stars: | 2023-05-23 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Net sales fell nearly 6% to $22.35 billion from $23.66 billion in the year-ago period, but exceeded Wall Street's expectations. Lowe's is the latest retailer to warn of slower sales ahead, as consumers become thriftier and reluctant to spend on discretionary items. Like Lowe's, Home Depot also chalked up lower sales to colder and wetter weather in the western U.S. and falling lumber prices. About 75% of Lowe's sales come from DIY customers, while Home Depot typically gets about half of its sales from home professionals. Sink said Lowe's expects sales from pros to outpace those from DIY shoppers for the rest of the year.

☆ Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
▼ + stars: | 2023-05-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

So far, at least five retailers – Target, Walmart, Tapestry , Bath and Body Works and Foot Locker – have spoken about sales trends across the country getting worse. The retailer's comparable sales in the U.S. declined 4.6% in the quarter versus the year-ago period. Target, Home Depot and Walmart all saw a noticeable pattern: Fewer pricey and fun items in shopping carts. At Home Depot, customers bought fewer big-ticket items like appliances and grills in the fiscal first-quarter. Customers at Walmart have become more selective when shopping for electronics, TVs, home items and apparel, Rainey told CNBC.

☆ Recession Fears Abound, but the Fed Chair Bets This Time Is Different
▼ + stars: | 2023-05-04 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

The Federal Reserve’s push to slow the economy and bring inflation under control is often compared to an airplane descent, one that could end in a soft landing, a bumpy one or an outright crash. Jerome H. Powell, the Fed chair, is betting on something more akin to the Miracle on the Hudson: a touchdown that is gentle, all things considered, and unlike anything the nation has seen before. The Fed has raised rates sharply over the past year, pushing them just above 5 percent on Wednesday, in a bid to cool the economy to bring inflation under control. But Mr. Powell made it clear during a news conference on Wednesday that he does not agree. “That’s not my own most likely case,” he said, explaining that he expects modest growth this year.

☆ AI Technology Like ChatGPT Will Reshape Software Coding Jobs Forever
▼ + stars: | 2023-04-26 | by ( Aki Ito | ) www.businessinsider.com time to read: +14 min

Their conclusion: 19% of workers hold jobs in which at least half their tasks could be completed by AI. Researchers at Microsoft and its subsidiary GitHub recently divided software developers into two groups — one with access to an AI coding assistant, and another without. Amazon has built its own AI coding assistant, CodeWhisperer, and is encouraging its engineers to use it. Another argument from the optimists: Even as AI takes over the bulk of coding, human coders will find new ways to make themselves useful by focusing on what AI can't do. So maybe, long term, human coders will survive in some new, as-yet-to-be-determined role.

☆ Picasso: Love Him or Hate Him?
▼ + stars: | 2023-04-05 | by ( Deborah Solomon | April | ) www.nytimes.com time to read: +14 min

It is not hugely cool to profess a love for Picasso these days. This is what Picasso’s detractors — like Hannah Gadsby, the Australian comedian and Picasso basher, who will help curate a Picasso show at the Brooklyn Museum opening on June 2 — often miss. Picasso, by contrast, brought the weight of lived experience into his work, even when he was tethered to archetypal subjects. “The Mother” (1901), an early painting by Picasso, shows a view of motherhood purged of Renaissance idealization. The conventional view of the painting holds that the women are “dolled-up cocottes,” as John Richardson glibly put it in his biography of Picasso.

☆ Asia Pacific stocks rise as banking concerns ease, recession fears continue ahead of Fed meeting
▼ + stars: | 2023-03-20 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Stocks in the Asia Pacific region rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players. The S&P/ASX 200 in Australia jumped 1.3%, boosted by its AXFJ index, a measure of banking stocks, which surged 1.7%. In Hong Kong, the Hang Seng Index (HSI) opened up 0.8%. US stock futures were flat in Asian trade Tuesday, with Dow futures, S&P 500 futures and Nasdaq futures little changed. Still, recession fears continue to dog investors ahead of the US Federal Reserve’s meeting, which is set to conclude Wednesday.

☆ It's official: Apple is still the only tech giant to have avoided recent major layoffs or cost cuts
▼ + stars: | 2023-02-02 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +4 min

Apple took a beating in the holiday quarter, posting its first yearly sales drop since 2019. Every tech company is suffering right now, with almost every one doing layoffs and cost cuts. But Apple hasn't, and CEO Tim Cook says it still plans to invest "in innovation, in people." On Apple's quarterly earnings call on Thursday afternoon, CEO Tim Cook acknowledged the hurdles facing the company. Just because Tim Cook didn't announce layoffs today doesn't mean it'll automatically be able to avoid that fate forever.

New York CNN —Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. Alphabet’s revenue will likely remain flat from last year and Amazon’s sales are expected to grow just shy of 6% year-over-year. All three companies’ profits are expected to fall from the year-ago quarter, with Amazon set to suffer the steepest drop with a decline of 40.6%. Then came the press conference, which led to a steep divergence between what the Fed thinks and what the Wall Street thinks. A cautionary tale: In mid-November, Ticketmaster’s site overloaded when fans tried to purchase pre-sale tickets for Taylor Swift’s upcoming tour.

☆ Take Five: Staring at the ceiling
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +5 min

All told, companies worth more than half the S&P 500's market value are reporting results over the next two weeks. Stock markets can predict the global PMI levels, tending to bounce ahead of a sustainable rise of the index. On Wednesday, watch out for Australian and New Zealand inflation data as well, with the RBNZ pondering how much more to tighten, and the RBA wondering whether it's time to pause. Reuters Graphics5/LONDON CALLINGLondon's bluechip FTSE 100 index (.FTSE) is poised to launch a new attempt to scale an all-time high in days to come. British public sector borrowing numbers, producer price inflation and PMI data are all due as well ahead of a Bank of England meeting the following week.

[1/3] People with their dogs enjoy the sun in front of the sea during unseasonably warm temperatures in Malaga, southern Spain, January 4, 2023. Property purchases by foreigners increased by 62% from a year earlier in the region of Andalusia, which includes Malaga, in the first half of 2022, according to the Centre for Statistical Information of Notaries. The local government last year eliminated a wealth tax that obliges residents and non-residents to pay income tax on money held abroad. Citigroup (C.N) announced in March 2022 plans to open a hub for junior investment bankers in the city, offering what it said was "a better equilibrium between work and private life to attract young talent". Additional reporting by Jesus Aguado; Writing by Charlie Devereux; Editing by Andrei Khalip and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

"Our industry is still climbing out of - call it a 100-year event, call it a macro shock of epic proportions. "We are bullish and these are the reasons why I suspect there's a disconnect between the Davos in Switzerland and the Davos in Dublin," Cronin told Reuters. "It's a good time to be a lessor," said Tony Diaz, chairman of the smaller Zephyrus Aviation Capital. It's probably easy to take that second one too," Robert Korn, president and co-founder of fast growing Carlyle Aviation Partners, added. Additional reporting by Tim Hepher and Joanna Plucinska Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Homebuilders may finally be turning a corner as inflation stabilizes and lower mortgage rates bring buyers back into the market
▼ + stars: | 2023-01-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

This led to a downturn in the US housing market as housing activity dramatically faded. But, as inflation slows and interest rates fall, an economist says that the US housing market may get back on track in 2023. Sam Khater, the chief economist at Freddie Mac, also expects lower inflation to entice more Americans to return to the housing market — especially millennials. "While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023," Khater said in a January mortgage report. Indeed, lower mortgage rates are already reviving interest from potential home buyers.

Currently trading around $9,130, the copper price is up by 9.6% since the start of January. Investors played copper from the short side for much of last year, if they were prepared to engage at all. The funds' sudden return is a sign that many are betting on a much sunnier outlook. "To the degree these short positions have not already covered, this may support copper in the short term", the bank said. It's clear, though, that copper long positioning is primarily a bet on Chinese recovery, underpinned by measures to revitalise a foundering property sector and more metals-intensive green infrastructure.

☆ Explainer: What happens to Peru's former president Castillo now?
▼ + stars: | 2022-12-08 | by ( Marco Aquino | ) www.reuters.com time to read: +3 min

LIMA, Dec 8 (Reuters) - Peru's former president Pedro Castillo was ousted from power on Wednesday in an impeachment vote after failing in his bid to stay in power by dissolving Congress. Vice President Dina Boluarte was swiftly sworn in to replace him and Castillo was arrested. Mexican President Andres Manuel Lopez Obrador, a fellow leftist who has expressed sympathy with Castillo in the past, made clear on Thursday that he is open to offering the former leader asylum. Mexico's Foreign Minister Marcelo Ebrard posted on Twitter that the Mexican ambassador in Lima met with Castillo on Thursday afternoon. He said Mexican officials have begun consultations over the asylum request with Peruvian officials, pledging to offer updates later.

My mom worked at K-Mart, earning $1.68 an hour. My parents worked for the Army Security Agency, encrypting top-secret communications between officers — the same level of classified intelligence making headlines today. Enlisting in the Army helped my parents build generational wealthAfter college, my mom worked for the State of Michigan for 27 years. My dad worked for the State of Michigan for 28 years. The military money helps cover bills for my 70-year-old mom, but she believes the direction and support they received in the military had a much greater impact.

☆ Wall Street surges to sharply higher close ahead of Fed week
▼ + stars: | 2022-10-28 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Analysts now see third-quarter S&P 500 earnings growth of 4.1%, up from 2.5% on Thursday, according to Refinitiv data. Of the 11 major sectors of the S&P 500, all but consumer discretionary stocks (.SPLRCD), weighed down by Amazon shares, ended the session green. Third-quarter reporting season has passed the halfway point, with 263 of the companies in the S&P 500 having reported. The S&P 500 posted 32 new 52-week highs and eight new lows; the Nasdaq Composite recorded 117 new highs and 115 new lows. Volume on U.S. exchanges was 11.26 billion shares, compared with the 11.53 billion average over the last 20 trading days.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $95 *Waived for existing Honors Advantage Members Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enlisting in the Army helped my parents build generational wealthAfter college, my mom worked for the State of Michigan for 27 years.

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