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Space barons Elon Musk and Jeff Bezos have long had competing ambitions to take over the skies. Bezos' Blue Origin recently proposed a cap on SpaceX's launches due to environmental concerns. Musk slammed the move and gave the company a new moniker: "Sue Origin." AdvertisementJeff Bezos' rocket company, Blue Origin, thinks the FAA should cap SpaceX's launches — and Elon Musk isn't too pleased about it. Blue Origin recently expressed concerns over the environmental impacts of SpaceX's rocket launches on nearby facilities in a filing to the FAA, which the agency published on Friday.
Persons: Elon Musk, Jeff Bezos, Musk, Sue, , Elon Musk isn't Organizations: Service, FAA, Elon, Business
Seoul CNN —North Korean balloons “presumed” to be carrying waste were spotted in South Korea on Monday, reigniting a tit-for-tat exchange as tensions on the Korean Peninsula continue to heighten. On Thursday, a South Korean advocacy group flew 20 large balloons carrying thousands of anti-North Korean propaganda leaflets and USB sticks with South Korean entertainment toward North Korea. The balloons also carried damaged clothes from a South Korean brand, signaling “hostility towards South Korean goods,” as well as clothes with imitations of Disney characters, according to the ministry. In the meantime, a US Navy aircraft carrier arrived in South Korea over the weekend ahead of trilateral exercises with South Korea and Japan in the waters near the peninsula. US and South Korean officials signed a new memorandum of understanding on diplomatic intelligence sharing and analysis on Monday, according to South Korea’s foreign ministry.
Persons: Kim Jong Un, Kim Yo Jong, North, , Vladimir Putin, Kim Jong, Kristina Kormilitsyna, Kim Organizations: Seoul CNN —, Korea’s, Chiefs, Staff, South, North, US Navy, Korean, ROK, DPRK, United Nations, Northeast Locations: Seoul, South Korea, Gyeonggi Province, Seoul’s, Korean, North Korea, , Pyongyang, Japan, Russia, United States, DPRK, Northeast Asia, Europe
Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. Chili's rolled out an ad campaign that calls out the Big Mac and other fast-food burgers for their prices. Dine Brands CEO John Peyton told CNBC in May that Applebee's has been leaning into deals to win over fast-food diners. The overall consumer price index rose 3.3% in that period. In particular, McDonald's has faced backlash from customers, social media users and even House Republicans for its higher prices.
Persons: Rick Cardenas, Darden, hasn't, Brinker, Chili's, John Peyton, Applebee's, Cardenas, McDonald's, Joe Erlinger Organizations: Darden, Brinker International, Dine Brands, CNBC, of Labor, Republicans Locations: U.S
Jeff Landry signed legislation on Wednesday requiring the display of the Ten Commandments in every public classroom in Louisiana, making the state the only one with such a mandate and reigniting the debate over how porous the boundary between church and state should be. Critics, including the American Civil Liberties Union and the Freedom From Religion Foundation, vowed a legal fight against the law they deemed “blatantly unconstitutional.” But it is a battle that proponents are prepared, and in many ways, eager, to take on. “I can’t wait to be sued,” Mr. Landry said on Saturday at a Republican fund-raiser in Nashville, according to The Tennessean. And on Wednesday, as he signed the measure, he argued that the Ten Commandments contained valuable lessons for students. “If you want to respect the rule of law,” he said, “you’ve got to start from the original law giver, which was Moses.”
Persons: Jeff Landry, , ” Mr, Landry, , “ you’ve, Moses Organizations: American Civil Liberties Union, Religion Foundation, Republican Locations: Louisiana, Nashville
CNBC Daily Open: Boeing's 'moment of reckoning'
  + stars: | 2024-06-18 | 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. Immigrants, jobs and inflationImmigration has helped the U.S. job market sustain a strong run in recent months without reigniting inflation, economists and analysts say. This dynamic — a hot job market and cooling inflation — is in part the result of increased inflows of immigrants. The conglomerate sold 1.3 million shares for $39.8 million, reducing its holding to 6.9%. [PRO] S&P 500 to hit 6,000Evercore ISI predicts the stock market will soar to unprecedented heights, setting a new year-end target for the S&P 500 at a record 6,000.
Persons: Neel Kashkari, CNBC's Rebecca Picciotto, Ryan Cohen, Keith Gill, Matthew Bartolini, Berkshire Hathaway, Charlie Munger, Tesla Organizations: CNBC, Microsoft, Apple, Nasdaq, Dow Jones, Minneapolis Federal, GameStop, Fund, Nvidia, SPDR Locations: U.S, SPDR Americas, Berkshire, BYD
Kevin Lamarque | ReutersImmigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. This dynamic — a heating job market and cooling inflation — is in part the result of increased inflows of immigrants. Typically, a hot labor market walks a tightrope that could easily collapse into reheated inflation. But the Brookings researchers recalculated the government's estimates — this time, factoring the impact of immigrants on the labor pool. They found that with immigration, the 2024 U.S. job market could safely absorb between 160,000 and 200,000 monthly job gains.
Persons: Joe Biden, Kevin Lamarque, Reuters Immigration —, , Dow Jones, Goldman Sachs, Michael M, Mark Zandi, Jerome Powell, Zandi, Mandel Ngan, Biden, Donald Trump, Brendan McDermid Organizations: U.S . Border Patrol, Reuters Immigration, of Labor Statistics, FedEx, Broadway, Santiago, Getty, CNBC, Brookings Institution, Brookings, U.S, International Brotherhood of Electrical Workers, Afp, White, Republican Locations: U.S, Mexico, Brownsville , Texas, New York City, United, Lanham , Maryland, United States, Las Vegas , Nevada
But there is a possibility that residual underground lava tubes may still exist. HUM Images/Getty ImagesIf these lava tubes are anything like Earth's, they could be the perfect place for astronauts to hunker down during their stay on Mars. It's unclear if lava tubes on Mars would also be this warm — it's not a stretch to imagine, just a challenge to confirm. But to be clear, just because there could be life in these pits, doesn't mean Mars definitely hosts extraterrestrials. "This is a good place to look, but we don't know if there's life on Mars at all," Johnson said.
Persons: , Brandon Johnson, Johnson, George Rose, Ross Beyer, Beyer, there's, it's Organizations: Service, University of Arizona, Business, NASA, JPL, Scientists, Purdue University, Olympus, SETI Institute, Goddard, Arizona State University, Reconnaissance Locations: Arizona, Tharsis, Hawaii
For the last two years, we've sent our 10-year-old son to sleepaway camp in California — 3,000 miles and a six-hour flight from our home in New York. The East Coast isn't lacking for overnight camps: camp culture here is stronger than in any other part of the country. Our children are lucky to have first cousins the same ages as them — and unlucky to live a continent apart. An entire summer apart? But it's no less true for modern parents fortunate enough to ship their kids off to summer camp or for their kids.
Persons: we've, sleepaway, we're, Alexandra Moss Organizations: Service Locations: California, New York, sweltering, Sierra Nevada, Massachusetts , New Hampshire, Maine, San Diego, Roblox, Vancouver, British Columbia, alimoss.com
About 330 balloons carrying bags of trash had been sent by North Korea since Saturday night, of which about 80 have landed in South Korea, Seoul’s Joint Chiefs of Staff (JCS) said on Sunday. South Korea’s National Security Council held an emergency meeting Sunday to discuss responses to the latest wave of balloons. Trash from a balloon presumably sent by North Korea lies on scattered the ground in Seoul, South Korea on June 9, 2024. South Korea Joint Chiefs of Staff/APIn May, North Korea responded by sending its own giant balloons south – containing trash, soil, pieces of paper and plastic, and what South Korean authorities described as “filth.”Kim said the balloons were “strictly a responsive act” to South Korea’s years-long practice of sending balloons with anti-North Korea leaflets the other way. South Korea’s JCS said Saturday night that North Korea was “boosting its presumed trash balloons,” and warned that the wind direction may lead to balloons moving south.
Persons: Kim Kang Il, ” Kim, , Kim Jong Un Organizations: Seoul CNN —, South, Seoul’s, Chiefs of Staff, CNN, South Korea’s National Security Council, North Korea’s, Fighters, South Korea Joint Chiefs, Staff, Thursday South Korean Locations: Seoul, Korea, North Korea, South Korea, South, Pyongyang
Former President Donald Trump was convicted on 34 felony counts in New York. Now a convicted felon, he is also the presumptive Republican nominee for president in 2024. A presidential candidate can still run for office despite being convicted of a crime. AdvertisementDonald Trump is now officially a convicted felon. A presidential candidate can, indeed, still run for office despite being convicted of a crime, according to the US Constitution.
Persons: Donald Trump, Organizations: Republican, Service, New Locations: New York
New York CNN —If voters return former President Donald Trump to the White House, he’s promised to launch an unprecedented crackdown on immigration and even conduct mass deportations. Trump recently told Time that he would aim to deport 15 million to 20 million people, perhaps by using the National Guard. Even though consumer prices are no longer skyrocketing, the cumulative impact of three years of high inflation is painful. “Most Americans view high inflation and high prices as unfair. But immigration remains a major concern for voters in the 2024 election and Trump has made it a centerpiece of his campaign.
Persons: Donald Trump, he’s, Trump, , Mark Zandi, “ It’s, Joe Brusuelas, ” Brusuelas, You’d, , Karoline Leavitt, Joe Biden “, ” Leavitt, , Joe Biden, Zandi, Trump’s, criminologists, Biden, Jerome Powell, Brusuelas, Goldman Sachs, ” Goldman Sachs, Wendy Edelberg, Edelberg, that’s Organizations: New, New York CNN, White, National Guard, Federal Reserve, CNN, RSM, Trump, Social Security, University of Michigan, Labor Department ., The Hamilton, , Hamilton, Security, Congressional, Office, The Hamilton Project, Brookings Institution Locations: New York, China, Covid, Mexico, United States
Washington CNN —The Biden administration is set to unveil a sweeping restructuring of former President Donald Trump’s trademark tariffs on Chinese imports, according to sources familiar with the matter. “The Biden administration has neutralized China as a campaign issue,” said Hodge, now a managing director at Bully Pulpit International. Tariffs are essentially a tax on US businesses and consumers, adding to the cost of imported goods. More than half of the duties have been collected during the Biden administration. The Biden administration had planned to release the results of the review in advance of the Pittsburgh speech, the sources familiar with the matter said, but ended up delaying the release.
Persons: Washington CNN —, Biden, Donald Trump’s, Joe Biden refines, Trump, Adam Hodge, , , Hodge, , ” Biden, Janet Yellen, Antony Blinken, Clete Willems, Akin Gump, Willems Organizations: Washington CNN, US Trade Representative, Biden’s National Security Council, US Trade, Treasury, Commerce, Trump, US Customs, “ Steel, Seven, European Union, National Economic Council, EU, European Commission, Treasury Department Locations: China, Pittsburgh, Italy, Puglia
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's re-election chances, billionaire investor Stanley Druckenmiller said Tuesday. Everybody seems to get it but Yellen, who just keeps spending and spending," Druckenmiller said. Druckenmiller's comments come with the Fed still trying to bring inflation down, as policymakers have dashed investors' hopes for aggressive interest rate cuts this year. Getting markets enthused about rate reductions was a mistake because it set financial conditions "on fire," he said. Inflation was coming down, financial conditions were tightening," he said.
Persons: Joe Biden's, Stanley Druckenmiller, Janet Yellen, Jerome Powell, Druckenmiller Organizations: Federal Reserve, Duquesne Family Office, Fed
Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
  + stars: | 2024-05-06 | by ( ) www.cnbc.com   time to read: +2 min
A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024. Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region. Brent crude futures were up 77 cents, or 0.9%, to $83.73 a barrel at 1055 GMT, while U.S. West Texas Intermediate crude futures were at $78.98 a barrel, up 87 cents, or 1.1%. The geopolitical risk premium in oil prices also eased as talks for a Gaza ceasefire were underway. Also supporting oil was Saudi Arabia's move to raise the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean in June, signaling expectations of strong demand this summer.
Persons: Brent, Tony Sycamore Organizations: Brent, U.S, West Texas, IG Locations: Elk, California, United States, Saudi Arabia, Gaza, Israel, Rafah, Saudi, Asia, Northwest Europe, China
The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.
Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan
S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve's rate policy decision. Futures linked to the broad market index slipped 0.22%, while Nasdaq 100 futures dropped 0.42%. During Tuesday's main trading session, the Dow and S&P 500 both shed more than 1%. Bond yields jumped after the first quarter's employment cost index came in higher than anticipated, reigniting worries that the Fed will keep interest rates high. "The concern is that the Fed will definitely be slower to lower interest rates," said CFRA chief investment strategist Sam Stovall.
Persons: reigniting, Dow, Jerome Powell, Sam Stovall, Kraft Heinz, DoorDash Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Amazon, Dow, Traders, Fed, Pfizer, Kraft, CVS Health, Qualcomm Locations: New York City
Making new friends can feel more daunting when you're past the stages of playgrounds, school sports teams, and dorm rooms. And the average person loses two social ties, including friends, when they get into a romantic relationship. As a psychologist and expert on human connection, I know that the people who are most successful in building and rebuilding their social circles are the ones who don't wait for new friends to come to them. I'd love to stay in touch, if you're open to it. People tend to be particularly open to building a connection when some sort of foundation is already in place.
Persons: I've, Let's, Rebecca G, Adams, you've, _____, reigniting Organizations: Social
TIME released its list of the 100 Most Influential People for 2024 on Wednesday. The annual list, which asks cultural and political icons to highlight the changemakers of the past year, features dozens of athletes, entertainers, artists and politicians. Beninese music legend Angélique Kidjo wrote about Nigerian artist Burna Boy, who in turn wrote about rapper 21 Savage. Shawn Fain, UAW PresidentPresident Joe Biden wrote about Shawn Fain, president of the United Auto Workers, for TIME. Mohammed Abed/AFP/Getty ImagesAt just 25 years of age, Motaz Azaiza is the youngest person on this year’s TIME list.
Persons: Alex Rodriguez, Patrick Mahomes, Amy Poehler, Maya Rudolph, Raquel Willis, Elliot Page, Angélique Kidjo, Burna Boy, Taraji P, Henson, Coleman Domingo, Shawn Fain, Joe Biden, Tom Williams, ” Fain, Biden, , , Fain, ” Biden, Motaz Azaiza, Yasmeen Serhan, Mohammed Abed, Azaiza, Instagram, ” Serhan, CNN —, ” Azaiza, ” Jenni Hermoso, Jenni Hermoso, Mana Shim, Fran Santiago, Luis Rubiales, Hermoso’s, Rubiales, Hermoso, “ Hermoso, ” Shim, Sakshi Malik, Nisha Pahuja, Brij Bhushan Sharan Singh, Manish Rajput, Malik, Singh, ” Malik, Bhushan Sharan Singh’s, , Yulia Navalnaya, Russia’s, Alexei Navalny, Kamala Harris, Monika Skolimowska, Alexey Navalny, Putin, “ Putin, Navalnaya, “ Navalnaya, ” Harris Organizations: CNN, TIME, United Auto Workers, UAW, Toyota, Honda, Hyundai, Getty, , UEFA Women's Nations League, UEFA, Spanish Women’s National Team, FIFA, Wrestling Federation of India, India Today, Delhi Locations: Dua Lipa, Gaza, AFP, Palestinian, Spanish, American, Indian, Rio ., Europe, Berlin, Paris, Hague, , Russian, Russia
A Team USA bodysuit is reigniting a conversation about the design of women's athletic outfits. Following the reveal of the showy unitard, athletes quipped that they would definitely need a thorough wax to wear the women's piece. Jordana Katcher, Nike's vice president for global sports apparel, also told the Post that several women athletes had requested the unitard specifically. Black women athletes are often hyper-sexualized or painted as angry or evil. Women athletes in sports like gymnastics, volleyball, and track and field are sometimes expected to wear bikini bottoms or short leotards.
Persons: Lauren Fleshman, , Tara Davis, Woodhall, Anna Cockrell, Stephanie Lecocq, Jordana, Queen Harrison, Claye —, Harrison, Claye, Marc Atkins, Fleshman, Naomi Osaka, Sha'Carri Richardson, Angel Reese, Caitlin Clark, Reese, Emmanuel Acho, Katie Moon, Voss, FABRICE COFFRINI, Organizations: Service, USA, Olympic, Washington Post, Reuters Nike, Nike, Business, Team USA, British, Getty, New York Times, BBC, International Handball Federation, Tokyo Locations: Washington, AFP, Norwegian
Any disruption in its capacity to supply global markets could send oil prices higher, analysts told CNBC. Insufficient investment makes supply more fragile and increases the chance of a super spike well above $100 if supply is disrupted. Stock Chart Icon Stock chart icon Oil prices since the start of the year. "I think oil prices will go to all time highs this cycle, due to a decade of under-investment in exploration and development," Young added. Oil prices have climbed in recent months on trade disruptions and delays caused by Red Sea maritime attacks from the Houthis, who claim solidarity with the Palestinian people.
Persons: Saeid Arabzadeh, Israel reigniting, Andy Lipow, Daniel Hagari, Josh Young, Brent, Young, Morgan Stanley's Organizations: Afp, Getty, OPEC, CNBC, Brent, Lipow Oil Associates, Israel Defense Forces, Bison, Iran's United Nations, underinvestment, U.S, West Texas Locations: Persian, Iran, Hormuz, Oman, Israel, Damascus, Syria, Asia
CNN —Angelina Jolie and Brad Pitt’s fight over the French winery they once owned together is coming to a head and reigniting older conflicts, as new legal documents allege a “history of physical abuse of Jolie” on the part of Pitt prior to their fateful plane ride in 2016. Pitt refused to purchase Ms. Jolie’s interest when she would not be silenced by his NDA. The ongoing legal proceedings and “Pitt’s unyielding attempts to control and punish Jolie continue to take a huge emotional and financial toll on her and their family,” the filing reads. Legal proceedings as they pertain to the Miraval dispute also remain ongoing. The former couple purchased the country estate and winery in the south of France in 2008.
Persons: Angelina Jolie, Brad Pitt’s, Jolie ”, Pitt, Jolie, ” Jolie, , , Mr, ” Paul Murphy, Brad, del, Yuri Shefler, “ Jolie Organizations: CNN, Los Angeles Superior Court, ” CNN, FBI, Pitt, Stoli Locations: France, Los Angeles, Russian
The plot revolves around a high school student – played by Michael O’Keefe – and his journey to obtain a college scholarship. ‘Happy Gilmore’Arguably one of the most famous sports films of all time, ‘Happy Gilmore’ is an all-time classic. The movie tells the story of the journey of Happy Gilmore – played by Adam Sandler – from failing ice hockey player to golf phenom after discovering his natural gifts on the course. Sandler's character in 'Happy Gilmore' battles to save his grandmother's house as well as adjusting to a new sport in golf. “With ‘Happy Gilmore,’ the funny thing is that there are so many non-golfers who would know what the ‘Happy Gilmore swing’ is or they’ve watched the film,” Boulden told CNN’s Living Golf in 2021.
Persons: , Michael O’Keefe –, Elihu Smails, Ted Knight, Al Czervik, Rodney Dangerfield, greenskeeper –, Bill Murray –, Chevy Chase, ‘ Caddyshack, , Kenny Loggins –, Woods, ‘ Happy Gilmore, Happy Gilmore –, Adam Sandler –, Gilmore, acclimatize, Happy Gilmore, Shooter McGavin, Sandler, Christopher McDonald, Amy Boulden, ” Boulden, it’s, they’ve, Boulden, Happy Gilmore ’, Kevin Costner, Rene Russo, , Costner’s Roy ‘, McAvoy –, Molly Griswold –, Russo –, Griswold, David Simms, Costner, Don Johnson, McAvoy, Eddie Pepperell, caddie, Romeo Posar, Cheech Marin, Posar, Maurice Flitcroft –, Mark Rylance –, Maurice Flitcroft, Mark Rylance, Catana Starks, Starks, Taraji P, Henson, Jason Kempin Organizations: CNN, Bushwood Country, Smails, ESPN, CNN Sport, European, Hollywood, BBC Films, British Film Institute, Tennessee State University, National Black College, Hall of Fame Locations: Texas, British
Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC. His comments come as investors await the release of further U.S. economic data and closely monitor clues from Fed officials about the expected number of interest rate cuts in 2024. Asked on Thursday about the likelihood of one or no Fed interest rate cuts this year, Blitz said that it's "getting pretty good. Blitz said markets will likely continue to march higher, even if the Fed decides not to impose any interest rate cuts this year — a prospect that U.S. asset manager Vanguard named as their base-case scenario. Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024.
Persons: Jerome Powell, William McChesney Martin, Chip Somodevilla, Steven Blitz, Blitz, They're, CNBC's, it's, Christopher Waller, Waller, Raphael Bostic, Jerome, Powell Organizations: Bank, Getty, Federal Reserve, TS Lombard, Traders, Fed, Vanguard, Economic, of New, Atlanta Federal Reserve, US Federal Reserve, Bloomberg Locations: Washington ,, U.S, of New York, Atlanta, Washington , DC
The Fed could be making inflation even hotter with its promises of rate cuts. That's according to former Fed Governor Kevin Warsh, who says the central bank is "goosing" the economy. AdvertisementThe Federal Reserve could be mucking up the economy with its promises that it will cut interest rates later this year, according to former central banker Kevin Warsh. Related stories"The Treasury Department, the Federal Reserve … are goosing this economy," Warsh said. "A Fed promising to cut rates even as asset prices are melting up."
Persons: Kevin Warsh, , Warsh Organizations: Service, CNBC, Federal Reserve, Fed, Treasury Department, Federal
Palestinians told CNN the war has crushed hopes of observing a peaceful month of fasting, festivities and worship this year. “Many of our friends and loved ones were buried alive under the rubble,” Mohammed Hamouda, a displaced health worker in Rafah, told CNN. “There are many people who (already) fast like it’s Ramadan,” he told CNN in late February, as the celebrations approached. Palestinians told CNN they resort to eating water-based soup mixed with herbs, custard or finger-sized biscuits because they have no access to nutrient-rich foods. I don’t remember.”Muslims in Gaza told CNN they are determined to perform daily rituals to try and find moments of relief among colossal devastation.
Persons: it’s, ” Aseel, Israel, ” Mohammed Hamouda, ” Rasmi Abu, , Mohammed Talatene, Ahmad Hijazi, Al Barakat, reigniting, Hamouda, Belal Khaled, Jihad Abu Watfa, Ali Jadallah, Al Shati, Khader, AbdulQader, ” Ahmed Zaida, hafiz, Said Khatib, Akbar ’ Organizations: CNN, Hamas, Ministry of Health, AFP, Getty, , Israel Defense Forces, UN, Wafa, Endowments, Religious Affairs, Residents Locations: Deir al, Gaza, Rafah, Gaza City, Territories, Farouq, Junaina, Israeli, Hamad, Israel, Hamouda, Beit Lahia, , Anadolu, Sheikh Radwan, , AFP
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