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CNN —Special counsel Jack Smith said Wednesday that he is appealing a judge’s decision to throw out the indictment against Donald Trump concerning his handling of classified documents. This means the shock ruling would be reviewed by judges from the 11th US Circuit Court of Appeals based in Atlanta. Cannon in her ruling on Monday had said that Smith’s appointment as special counsel was unconstitutional, warranting the dismissal of the case against Trump. Her decision was at odds with the rulings of judges across the country that rejected attacks on the legality of special counsel appointments. Absent a move to speed the appeal in the Trump documents case, it will likely take several months for the appeal to play out in the Atlanta-based appeals court.

Persons: Jack Smith, Donald Trump, Aileen Cannon, Cannon, Trump, Mark Meadows, George W, Bush, Smith, Walt Nauta, Carlos De Oliveira —, Merrick Garland, Smith —, Clarence Thomas, Thomas Organizations: CNN, Trump, FBI, Trump White House, Justice Department, Supreme, Circuit Locations: Atlanta, Mar, Lago, Georgia, Fort Pierce , Florida, Washington ,, Florida , Alabama

☆ Lower interest rates could be coming soon. Here's what's at stake if they aren't.
▼ + stars: | 2024-07-17 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

At the end of July, the Federal Open Market Committee will announce its next decision on interest rates. Some economists have recently been pointing to similar concerns with the Fed keeping interest rates high. As Sahm pointed out, it would take time for reduced interest rates to "flow through to the economy." "You want to begin a process of taking the pressure off of the economy," Sahm said. AdvertisementZandi said interest rates on credit cards and Buy Now, Pay Later rates could come down, along with a decline in auto lending rates and mortgage rates.

Persons: —, Mark Zandi, Jerome Powell, Powell, Claudia Sahm, it's, Sahm, Sen, Elizabeth Warren, Brian Rose, Rose, Zandi, Austan Goolsbee, Goolsbee Organizations: Service, Moody's, Business, Federal, CME FedWatch, Fed, Banking, Housing, Urban Affairs, Sahm Consulting, Federal Reserve, Democratic, UBS, Chicago Federal, Wall Street Journal

☆ Rising seas wiped out an entire US species for the first time. Scientists say it’s a sign of things to come
▼ + stars: | 2024-07-14 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +5 min

CNN —A unique plant has become the first species in the United States to be exterminated from the wild by the compounding effects of rising seas, scientists say. The Key Largo tree cactus still exists in parts of the Caribbean, including Cuba, Puerto Rico and the Bahamas, but the chances of it re-establishing naturally in the Florida Keys is basically “zero,” Gann said. The plant’s habitat was being swamped by saltwater from storms and high tides worsened by the rising sea. Sea levels around the Florida Keys have been rising by around an average 0.16 inches a year, or just over 8 inches since 1971, the researchers reported. Possley said more than 1-in-4 native plant species are critically threatened with regional extinction in South Florida.

Persons: ”, George Gann, ” Gann, ” James Lange, Jennifer Possley, Possley, smallfruit varnishleaf, Jennifer Organizations: CNN, Botanical Research Institute of Texas, Institute for Regional Conservation, Botanic, ” Staff, Fairchild, Florida Department of Environmental Locations: United States, Florida, Caribbean, Cuba , Puerto Rico, Bahamas, Reef, South Florida

☆ OpenAI is reportedly nearing AI systems that can reason. Here's why that could be a cause for concern.
▼ + stars: | 2024-07-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The scale ranked AI systems by levels of intelligence, from chatbots at level one, to AI systems that could do the work of entire organizations at level five. Execs reportedly told staffers they believed OpenAI was at level one, defined as AI with conversational language skills, but was nearing level two, identified as "reasoners" with human-level problem-solving. Burden added developing AI systems to this level runs the risk of the machines "reasoning past us," something that could have consequences for the workforce. An OpenAI representative told Bloomberg the scale also included "Agent" and "Innovator" levels, which classified AI systems by their ability to take action and aid in invention. "We've got AI systems that appear to do a tiny bit of reasoning, but it's not clear if it's just a mirage."

Persons: —, ChatGPT, Execs, OpenAI, Sam Altman, Altman, John Burden, Burden, they're, we're, We've, It's, Hannah Kirk Organizations: Service, Bloomberg, Business, University of Cambridge's, of Intelligence, University of Oxford Locations: chatbots

☆ Stock futures are flat Thursday after S&P 500 suffers worst day since April: Live updates
▼ + stars: | 2024-07-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Thursday night after the S&P 500 had its worst session since April, dragged lower by investors' rotation out of mega-cap tech stocks. S&P 500 futures were marginally higher. Futures linked to the Dow Jones Industrial Average were up by around 0.1%, while Nasdaq 100 futures traded near the flatline. Investors sold their Big Tech winners, pushing Nvidia lower by 5.6% and leading to a 4.1% decline for Meta Platforms . The S&P 500 is up 0.3% through Thursday's close, while the Nasdaq is down nearly 0.4%.

Persons: Dow, Russell, Warren, We've, Wells Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Investors, Big Tech, Meta, Traders, Federal, 3Fourteen, JPMorgan Chase, Citigroup, University of Michigan Locations: Thursday's, Wells Fargo

☆ Stock market today: Indexes poised for another record as traders digest Fed commentary
▼ + stars: | 2024-07-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks climbed higher on Wednesday and were poised to notch another fresh record. Traders were feeling upbeat after Fed Chair Powell delivered slightly dovish guidance on rate cuts before Congress on Tuesday. Investors are pricing in around two rate cuts by the end of the year, though bets on three rate cuts by December rose slightly, according to the CME FedWatch tool. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Wednesday:AdvertisementHere's what else happened today:In commodities, bonds, and crypto:Advertisement

Persons: —, Powell, Hogan, Riley Wealth Organizations: Fed, Service, Traders Locations: Here's

☆ CNBC Daily Open: Fed's Powell says high rates could hurt growth
▼ + stars: | 2024-07-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury note rose even as Powell said progress had been made on inflation. Growth in jeopardyPowell warned that keeping interest rates high for too long could harm economic growth. Mainland China's CSI 300 was little changed as consumer price inflation rose less than expected and producer prices fell, raising concerns about deflation in the world's second-biggest economy.

Persons: Inching, Jerome Powell, KeyBanc, Apple, Powell, Joe Biden, NATO's, Putin, Biden, Max Organizations: CNBC, Nasdaq, Nvidia, Dow Jones Industrial, Russia, Patriot, Boeing, China's CSI, Bank of America Locations: intraday, Ukraine, U.S, Germany, Romania, Netherlands, Italy, Asia, China, Pacific, South

☆ CNBC Daily Open: Powell says high rates threaten growth
▼ + stars: | 2024-07-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Inching to recordsThe S&P 500 and the Nasdaq Composite inched their way to intraday and record closes as Federal Reserve Chair Jerome Powell warned of the dangers of keeping interest rates high. The yield on the 10-year Treasury note rose even as Powell said progress had been made on inflation. Growth in jeopardyPowell warned that keeping interest rates high for too long could harm economic growth. "Putin wants nothing less — nothing less — than Ukraine's total subjugation, to end Ukraine's democracy," Biden said.

Persons: Inching, Jerome Powell, KeyBanc, Apple, Powell, Joe Biden, NATO's, Putin, Biden, Max, Emmanuel Macron's, Macron, Genuity Organizations: CNBC, Nasdaq, Nvidia, Dow Jones Industrial, Russia, Patriot, Boeing Locations: intraday, Ukraine, U.S, Germany, Romania, Netherlands, Italy, Europe

☆ How Emmanuel Macron blew his legacy
▼ + stars: | 2024-07-09 | by ( Joseph Ataman | ) edition.cnn.com time to read: +10 min

He’s now staring at what will certainly be his real legacy: Macron opened the door to the far right in France. After a shattering defeat in May’s European Parliament election, his decision to call a snap election has, at least partially, backfired. Emmanuel Macron delivers a speech at the Louvre Museum in Paris after winning the French presidential election in May 2017. Ukrainian President Volodymyr Zelensky, left, and France's Emmanuel Macron shake hands after a press conference on June 16, 2022 in Kyiv, Ukraine. For countless communities in France - French or immigrant - the legacy of one man’s gamble, and the uncertainty that is his legacy, will exact a far higher price.

Persons: Emmanuel Macron, He’s, Macron, Jacques Witt, France –, –, “, ”, Charly Triballeau, Volodymyr Zelensky, France's Emmanuel Macron, Alexey Furman, he’s, Trump, Putin –, outmanoeuvre Putin, Jordan Bardella, ” Macron, Pen Organizations: Paris CNN, May’s, Front, National Assembly, Macron, Louvre Museum, Getty, “, Putin, NATO, Ukraine, CNN, Ensemble, National Locations: France, Paris, Caen, Normandy, AFP, Europe, Ukraine, Kyiv, lockstep, “

☆ Israel is inching toward a wider war and a nasty fight against an enemy poised to bombard it as no other foe has
▼ + stars: | 2024-07-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementFor Israel, a larger war with Hezbollah would look very different from the full-scale conflict it's fighting against Hamas in Gaza. Before the 2006 Lebanon War, a monthlong conflict fought against Israel, Hezbollah maintained some 15,000 projectiles. REUTERS/Avi OhayonBut a larger Hezbollah war could overwhelm some of these systems, a scenario that has caused concern in Washington. During the 2006 war, Hezbollah fired somewhere between 100 and 200 rockets per day at Israel, according to estimates cited by the Foundation for Defense of Democracies think tank. More than two dozen soldiers and civilians have already been killed in Israel, and in Lebanon, that figure has surpassed 450.

Persons: —, Ariel Schalit, Daniel Byman, MAHMOUD ZAYYAT, Avi Ohayon, Stringer, Rami Shlush, Antony Blinken Organizations: Service, Hezbollah, Tehran —, Business, United Nations, Israel, Hamas, AP, Center for Strategic, International Studies, Getty, Institute for National Security Studies, CSIS, REUTERS, Foundation for Defense, Democracies, Israel Communications, Research Center, Congressional Research Service, Institution Locations: Israel, Iran, Lebanon, Tehran, Gaza . The Lebanon, Kiryat Shmona, Gaza, Lebanese, Nabatiyeh, AFP, Israeli, Washington, Khiam, Israel's

☆ Asian shares shaky as investors wary before US inflation data
▼ + stars: | 2024-06-26 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.

Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific

☆ Top private-equity firms, including Apollo and KKR, just kicked off 2026 associate recruiting. Wall Street juniors are shocked and scrambling.
▼ + stars: | 2024-06-25 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

Read previewIn a surprise move that sent shockwaves throughout the junior Wall Street community on Monday, a series of leading private-equity firms kicked off recruiting for lucrative positions that won't start for two more years. The intense rite of passage known as "on-cycle recruiting" left some junior investment bankers scrambling to get in on a flurry of hastily arranged interviews. More than half a dozen industry sources confirmed to Business Insider that associate recruiting started on Monday evening. Last year, some candidates scored offers that surpassed $300,000 in all-in comp (including base salary and bonus), BI previously reported. One person with intimate knowledge of the recruiting process said that other firms that had yet to conduct their own interviews would likely refuse to start recruiting so early.

Persons: —, Clayton, Rice, hadn't, haven't, It's, Reed Alexander Organizations: Service, Wall, Business, Apollo Global Management, KKR, Labor Locations: Dubilier, New York City

☆ The creator of a famed recession indicator says the Fed is 'playing with fire' by not cutting rates now
▼ + stars: | 2024-06-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Read previewThe Federal Reserve's reluctance to lower interest rates in the near term is a risky gamble that could drive the US towards a recession, Claudia Sahm told CNBC. "But it's a real risk, and I do not understand why the Fed is pushing that risk. At current readings, that likely means just one rate cut in 2024, the Fed said. For this reason, Sahm told CNBC that the Fed should start a gradual cutting cycle now, and take the economy off a path that could require more severe action if not addressed. Markets, meanwhile, remain convinced that the Fed will follow with more than just one cut.

Persons: —, Claudia Sahm, I'm, Sahm, Mohamed El Organizations: Service, CNBC, Business

☆ The unemployment rate hit 4% for the first time in 2 years. Here's why economists say you shouldn't worry
▼ + stars: | 2024-06-21 | by ( Genna Contino | ) www.cnbc.com time to read: +1 min

The unemployment rate, which has remained low for two years, has been inching higher in the first half of the year, according to data from the Bureau of Labor Statistics. For the first time since January 2022, the unemployment rate ticked to 4.0% last month, up from 3.9% in April. Even though the employment rate has reached the highest it has been in a couple of years, 4% is still historically low, experts point out. Economists say people shouldn't be too concerned because both the number of jobs and the size of the labor force are growing. May's unemployment rate was impacted heavily by people, particularly those who are between 20 and 24 years old, entering and reentering the workforce, according to Moody's Analytics head labor economist Marisa DiNatale.

Persons: Marisa DiNatale, DiNatale Organizations: Bureau of Labor Statistics, Google

☆ I bought my last Starbucks drink 4 years ago. I pay more for coffee now, but the benefits are worth it.
▼ + stars: | 2024-06-12 | by ( Rachel Chang | ) www.businessinsider.com time to read: +5 min

Constantly searching for new coffee shops has taught me how to better trust my instincts. AdvertisementMany independent coffee shops closed during or shortly after the height of the pandemic. Plus, at local coffee shops, I'm one of few customers instead of one of many in a long line. Sometimes, I still end up at coffee chains — but my self-imposed ban means I'll opt for smaller ones like Blank Street or Gregory's Coffee instead of mega-global franchises. It's just that by quitting, my coffee world has opened up beyond the limitations of one company — and forever hunting for a new coffee shop has become my ultimate pick-me-up.

Persons: —, Rachel Chang, I'd Organizations: Service, Starbucks Locations: Bali, Morocco, Barcelona, Buenos Aires, San Francisco

☆ CNBC Daily Open: Musk threatens Apple ban
▼ + stars: | 2024-06-11 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Technology stocks Nvidia, Meta and Microsoft boosted the indexes. Apple ban threatElon Musk threatened to ban Apple devices from his companies after Apple announced a partnership with OpenAI. Ailman suggested Musk should focus on one of his ventures and let professional managers handle Tesla's daily operations. The Taiwan Weighted index hit a record high, before paring back gains, as technology and utility stocks rose.

Persons: Elon Musk, Tesla, Goldman Sachs, Musk, Elon Musk's, Chris Ailman, CNBC's, Ailman, CalSTRS, Elliott, paring, Seng, Kospi, Morgan Stanley Organizations: New York Times DealBook, CNBC, Nasdaq, Technology, Nvidia, Meta, Microsoft, Dow Jones, Apple, OpenAI, California State Teachers, Elliott, Southwest, Elliott Management, Southwest Airlines, Boeing, CSI, Nikkei Locations: New York City, U.S, Asia, Taiwan, Pacific

Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.

Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's

Generating income with dividend stocks Dividend stocks have long been a staple of income investors' portfolios. Municipal bonds offer income that's free of federal tax, however. These names trade on exchanges like stocks, and they can offer dividend yields upward of 6%. Options strategies to create income Derivative income funds , such as the JPMorgan Equity Premium Income ETF (JEPI), gathered some $22 billion in 2023, according to Morningstar. Further, consider comparison shopping, as all "derivative income" funds have their own quirks and differences in strategies could affect their risk/return profile.

Persons: Janus Henderson, Walt Disney's, Amber Milam, Jefferies, It's, Savita Subramanian, Subramanian, Russell, Louis, Morningstar, Mike Mulach, Rick Rieder, he'd, Kathleen McNamara, there's, –, Bill Gross, JEPI, Cash, Ashton Lawrence Organizations: Federal Reserve, Meta, Mobile, Bank of America, IBM, . Investment, Fitch, Credit, nab, ICE, Federal Reserve Bank of St, Louis Fed, UBS, UBS Wealth Management, York Life Investments, –, JPMorgan, Mariner Wealth Advisors Locations: U.S, Greenville , South Carolina

☆ A Cease-Fire in Gaza Might Be the Easy Part. Fulfilling It Will Be Harder.
▼ + stars: | 2024-06-05 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

Even as Hamas and the Israeli government appear to be inching closer to a cease-fire agreement, analysts are deeply skeptical that the sides will ever implement a deal that goes beyond a temporary truce. But making it to that finish line is impossible if the parties are unwilling to even start the race or to agree on where it should end. Fundamentally, the wrangling is not just about the how long a cease-fire in Gaza should last or at what point it should be implemented, but whether Israel can ever accept a long-term truce as long as Hamas retains significant control. For Israel to agree to Hamas’s demands for a permanent cease-fire from the start, it must acknowledge that Hamas will remain undestroyed and will play a role in the territory’s future, conditions Israel’s government cannot abide. On the flip side, Hamas says it won’t consider a temporary cease-fire without the guarantees of a permanent one that effectively ensures its survival, even at the cost of countless more Palestinian lives, lest Israel restart the war once its hostages are returned.

Persons: won’t Locations: Israel, United States, Gaza

☆ 5 moves investors can make as they navigate extreme speculation with the potential for huge losses, according to elite investor Gary Shilling
▼ + stars: | 2024-06-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The investing environment is loaded with risks, according to top forecaster Gary Shilling. AdvertisementStock market investors are facing the risk of huge losses as the economy slows, and there are five rules they should follow to prepare for future headwinds, according to elite forecaster Gary Shilling. The stock market's setup also looks troubling. Shilling has advised investors in Chinese stocks to switch to Indian assets for months, citing factors like better economic growth prospects and population growth. AdvertisementShilling has maintained a notably bearish view on stocks and the economy, despite more investors warming up to the possibility of soft landing.

Persons: Gary Shilling, —, Shilling, Steer Organizations: Service, Stock, Reserve, Nvidia Locations: China, India

☆ OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
▼ + stars: | 2024-06-02 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

The prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi Arabia's energy minister. The production strategy decisions come at a time when OPEC's own forecasts show a 2.25 million barrel-per-day increase in demand, according to the Monthly Oil Market Report of May. Energy costs spiked worldwide in the wake of Russia's full-fledged invasion of Ukraine, aggravating the economic downturn that followed the Covid-19 pandemic. Global institutions have previously mentioned energy prices as underpinning inflationary concerns. In turn, the piled-on inflation has muzzled oil demand.

Persons: Prince Abdulaziz bin Salman, — Organizations: Organization of, Petroleum, Monthly Locations: OPEC, Saudi, China, Ukraine

☆ Russia opens a new front: Mapping three key battles in the Ukrainian war
▼ + stars: | 2024-05-31 | by ( Lou Robinson | Sophie Tanno | ) edition.cnn.com time to read: +4 min

In the north, Moscow’s troops are aiming to bring its troops within tube artillery range of Kharkiv city. The nearby Russian city of Belgorod, for instance, has increasingly come under Ukrainian attack in recent months. Since then, Russian troops have made steady progress westwards in the direction of Pokrovsk, which serves as a vital military hub in Ukraine’s war effort. Both Russian military bloggers and Ukraine’s DeepStateMap report small Russian advances into a pocket of recaptured Ukrainian territory. It was first captured by Russian forces in early March 2022 and Moscow again claimed control over it earlier this month, something denied by Ukraine.

Persons: Volodymyr Zelensky, ’, ”, Chasiv Yar, Ukraine’s Organizations: CNN, Russian, Ukraine Locations: Russia, Ukraine, Kharkiv, Vovchansk, Ukraine’s, Russian, Belgorod, Avdiivka, Pokrovsk, Bakhmut, Chasiv, Kramatorsk, Zaporizhzhia, Ukrainian, Moscow

☆ PCE indicates economy 'inching towards stagflation,' says Michael Cuggino
▼ + stars: | 2024-05-31 | 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 EmailPCE indicates economy 'inching towards stagflation,' says Michael CugginoJay Bryson, chief economist at Wells Fargo Corporate and Investment Bank; Komal Sri-Kumar, president of Sri-Kumar Global Strategies; and Michael Cuggino, president of the Permanent Portfolio Family of Funds join CNBC's 'The Exchange' to discuss sticky inflation data and expectations for Fed rates.

Persons: Michael Cuggino Jay Bryson, Kumar, Michael Cuggino Organizations: PCE, Wells, Wells Fargo Corporate, Investment Bank, Komal, Sri, Kumar, Funds Locations: stagflation, Wells Fargo

☆ Russia opens a new front: A visual guide to the Ukraine war
▼ + stars: | 2024-05-31 | by ( Lou Robinson | Sophie Tanno | ) edition.cnn.com time to read: +4 min

It serves as an example of how Russia has been exploiting Ukraine’s main vulnerabilities: insufficient manpower, artillery shortages, sparse air defenses and inadequate defensive fortifications. In the north, Moscow’s troops are aiming to bring its troops within tube artillery range of Kharkiv city. The nearby Russian city of Belgorod, for instance, has increasingly come under Ukrainian attack in recent months. Since then, Russian troops have made steady progress westwards in the direction of Pokrovsk, which serves as a vital military hub in Ukraine’s war effort. It was first captured by Russian forces in early March 2022 and Moscow again claimed control over it earlier this month, something denied by Ukraine.

☆ Dollar steady ahead of inflation data, yen wobbles
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +7 min

The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. The pound was 0.13% higher at 200.68 yen, the strongest since August 2008, while the euro touched a one-month high of 170.795 yen earlier in the session. The yen, which is sensitive to Treasury yields, is down 10% for the year against the dollar but may yet scrape a monthly gain in May.

Persons: Sterling, Christopher Wong, Prashant Newnaha Organizations: U.S, Australian, FX, TD Securities Locations: U.S, Tokyo, Asia

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