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☆ US economy remains resilient in second quarter; labor market tight
▼ + stars: | 2023-09-28 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

Tight labor market conditions continue to prevail, with the number of Americans filing new claims for unemployment benefits rising slightly last week, other data showed on Thursday. Some economists believe that the economy's resilience and tight labor market could give the Federal Reserve ammunition to raise interest rates again in November. Reuters GraphicsSTRONG LABOR MARKETThe economy is being underpinned by a resilient labor market, which is driving strong wage gains. The labor market has continued to hold its own so far. The unemployment rate increased to 3.8% in August from 3.5% in July.

Persons: Mike Blake, Christopher Rupkey, Lucia Mutikani, Paul Simao Organizations: Port, REUTERS, Federal Reserve, Gross, Reuters Graphics, U.S . House, United Auto Workers, General Motors, Ford, Labor Department, Reuters, Thomson Locations: Port of Los Angeles, San Pedro , California, U.S, WASHINGTON, New York

The Energy Department has announced a $325 million investment in new battery types that can help turn solar and wind energy into 24-hour power. Batteries are increasingly being used to store surplus renewable energy so that it can be used later, during times when there is no sunlight or wind. The department says the projects will protect more communities from blackouts and make energy more reliable and affordable. “Long-duration battery storage is like a rainy-day savings account for energy storage,” said Jodie Lutkenhaus, professor of chemical engineering at Texas A&M University. This one is led by the California Energy Commission in collaboration with Faraday Microgrids.

Persons: ”, Christopher Rahn, “, Jodie Lutkenhaus, ” Lutkenhaus, Amanda Smith, Faraday, Rejoule, Infrastructure David Crane, Elisabeth Moyer, ” Rahn Organizations: Energy Department, Pennsylvania State University, Texas, M University, “, Law, Xcel Energy, Energy, Children's, California Energy Commission, Smart Systems, EV, Canada . Energy, Infrastructure, University of Chicago, AP Locations: Lake, American, Minnesota, U.S, California , New York, Hawaii, Becker , Minnesota, Pueblo , Colorado, California's, Madera, Georgia , California, South Carolina, Louisiana, Petaluma , California, Santa Fe , New Mexico, Canada

☆ Elite Parents Pay Millions for Chance at Ivy League Acceptance
▼ + stars: | 2023-09-19 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Parents are willing to pay upward of $1 million to try to ensure an acceptance letter to Harvard or Princeton. It's not a request Command Education honors, as the company often sticks with clients for years — starting in seventh or eighth grade for some. Command EducationHis fee is more than the average starter home, but Rim says Command Education isn't the priciest firm in the industry. And, some parents offer even more in the hopes of securing their child's admission to an Ivy League school. AdvertisementAdvertisementRim says Command Education often sells out of its fewer than 200 slots for clients.

Persons: they'll, Christopher Rim, Rim, Chris, Princeton — Organizations: Command, Service, Ivy League, Harvard, Princeton, Christopher, Bloomberg, New York's Trinity School, Yale, Ivy, New York Post, Columbia, Stanford, MIT Locations: Wall, Silicon, New, Rim

☆ Elite Parents Pay Millions for a Chance at Ivy League Acceptance
▼ + stars: | 2023-09-19 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Some parents are willing to pay nearly $1 million to try to ensure an acceptance letter to Harvard or Princeton. Christopher Rim, the 28-year-old founder and CEO of Command Education, charges parents $750,000 for six years of his company's college counseling services, Bloomberg reported. It's not a request Command Education honors as the company often sticks with clients for years — starting in seventh or eighth grade for some. Command EducationHis fee is more than the average starter home, but Rim says Command Education isn't the priciest firm in the industry. AdvertisementAdvertisementRim said Command Education often sells out of its less than 200 slots for clients.

Persons: they'll, Christopher Rim, Rim, Chris, It's, Princeton — Organizations: Command, Service, Ivy League, Harvard, Princeton, Christopher, Bloomberg, New York's Trinity School, Yale, Ivy, New York Post, Columbia, Stanford, MIT, Command Education Locations: Wall, Silicon, New, Rim, New York

☆ Higher gasoline prices lift US retail sales, trend slowing
▼ + stars: | 2023-09-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Retail sales rose 0.6% last month. Higher gasoline prices boosted producer prices in August, other data from the Labor Department showed on Thursday. Excluding gasoline stations, retail sales rose 0.2% last month. Sales at food services and drinking places, the only services category in the retail sales report, rose 0.3% after increasing 0.8% in July. Excluding automobiles, gasoline, building materials and food services, retail sales edged up 0.1% in August.

Persons: Mike Blake, Christopher Rupkey, Goldman Sachs, Nancy Vanden Houten, Lucia Mutikani, Chizu Organizations: REUTERS, Commerce Department, Federal Reserve, Reuters, U.S . Energy Information Administration, Labor Department, Treasury, delinquencies, New York Federal Reserve, Gross, Oxford Economics, Thomson Locations: Carlsbad , California, U.S, WASHINGTON, New York

☆ US consumer spending accelerates; monthly inflation rates cooling
▼ + stars: | 2023-08-31 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Consumer spending is being supported by a tight labor market, with other data showing first-time applications for unemployment benefits unexpectedly falling last week. "How long inflation can continue to come down with consumer spending this strong is an open question." When adjusted for inflation, consumer spending increased 0.6%, also the largest gain since January. The so-called real consumer spending rose 0.4% in June. The annual PCE inflation rates were lifted by a lower base of comparison last year.

Persons: Andrew Kelly, Christopher Rupkey, nonfarm payrolls, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Federal Reserve, Commerce Department, Services, Treasury, Reuters Graphics Reuters, Fed, Employers, Labor Department, Reuters, Thomson Locations: Manhattan , New York City, U.S, WASHINGTON, New York, outlays

☆ US labor market loses steam as job openings, resignations decline
▼ + stars: | 2023-08-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

That was reinforced by a survey from the Conference Board showing consumers' perceptions of the labor market cooled in August. Nevertheless, labor market conditions remain tight, with 1.51 job openings for every unemployed person in July, compared to 1.54 in June. Economists polled by Reuters had forecast 9.465 million job openings. State and local government education job openings declined by 62,000 and there were 27,000 fewer federal government vacancies. Reuters GraphicsDeclining job openings are likely to be mirrored by slower job growth in August.

Persons: Elizabeth Frantz, Conrad DeQuadros, payrolls, Jerome Powell, Jackson, Jeffrey Roach, Christopher Rupkey, Scott Anderson, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: REUTERS, Federal Reserve, Labor, Survey, Labor Department, Board, Brean, Reuters, Midwest, Reuters Graphics, LPL Financial, Treasury, Fed, Companies, Bank of, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Northeast, West, Wyoming, Charlotte , North Carolina, Stocks, San Francisco

☆ US weekly jobless claims fall; tight labor market underpinning economy
▼ + stars: | 2023-08-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The labor market is only slowing at the margin, with job gains in July being the second-smallest since December 2020. Labor market strength, excess savings accumulated during the COVID-19 pandemic and greater credit card usage to fund purchases have kept a recession at bay. Some economists saw the slight elevation as indicating a small margin of slack in the job market. The Philadelphia Fed’s business conditions index increased to a reading of 12.0 this month from -13.5 in July. A survey this week from the New York Fed showed business conditions in the “Empire State” remained depressed in August.

Persons: Shannon Stapleton, ”, Christopher Rupkey, Jerome Powell’s, Jeffrey Roach, Bill Adams, Daniel Silver Organizations: WASHINGTON, REUTERS, Federal, Labor Department, Reuters, Treasury, Conference, Labor, LPL Financial, Conference Board, Comerica Bank, Philadelphia Fed, New York Fed, JPMorgan Locations: New York City, U.S, New York, Ohio, California, Texas , Michigan , New Jersey, Pennsylvania, Virginia, Charlotte , North Carolina, Dallas, New Jersey, Delaware, Philadelphia, “

☆ I was told I'd never get into Yale because of Asian American prejudice, but I beat the odds and got in. Now I teach other students how to get into their dream schools.
▼ + stars: | 2023-08-17 | by ( Christopher Rim | ) www.businessinsider.com time to read: +6 min

My counselor told me it would be difficult to get into Yale because of Asian American prejudice. As an Asian American student with a 3.7 unweighted GPA, he said, I had no chance of getting into such a prestigious university. But for myself and fellow Asian American applicants, it was an ever-present obstacle to overcome. At every turn, I was reminded that I was competing against other, more-qualified Asian American students and that I was fighting to defy rampant stereotypes. Everyone around me told me that this was a nearly impossible accomplishment as an Asian American student, especially one with my grades.

Persons: —, I've Organizations: Yale, Service, Yale University, Asian, Ivy League, Stanford, Dartmouth Locations: Wall, Silicon, American

☆ US housing starts surge in boost to economy
▼ + stars: | 2023-08-16 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

The sharp rebound in groundbreaking on single-family housing units reported by the Commerce Department on Wednesday was another sign of the economy continuing to defy dire forecasts of a recession. Single-family housing starts, which account for the bulk of homebuilding, jumped 6.7% to a seasonally adjusted annual rate of 983,000 units last month. The increase in groundbreaking was led by the West, where single-family starts soared 28.5%. Overall housing starts increased 3.9% to a rate of 1.452 million units in July. TIGHT SUPPLYDespite the rise in starts, housing supply is likely to remain tight.

Persons: Mike Blake, homebuilding, Christopher Rupkey, Freddie Mac, Nancy Vanden, Daniel Silver, Goldman Sachs, Lucia Mutikani, Chizu Organizations: REUTERS, WASHINGTON, Commerce Department, Federal, National Association of Home Builders, Reuters, Oxford Economics, Treasury, Realtors, U.S, Fed, JPMorgan, Thomson Locations: San Marcos , California, U.S, New York, homebuilding, Nancy Vanden Houten, Midwest

☆ Hell Hath No Fury Like a Writer Who Gets a Speeding Ticket
▼ + stars: | 2023-08-11 | by ( James Barron | More About James Barron | ) www.nytimes.com time to read: +2 min

“They’ve made school zone limits now 24-7,” he wrote. That’s about cash.”After @cjones47 posted saying “the citywide default speed limit in NYC has been 25 MPH since 2014,” Simon countered: “Then send me a ticket for speeding and I have no comment. They now effectively blanket the five boroughs; the Legislature stipulated that cameras had to be placed within a quarter-mile of a school. In 2021, more than half of the vehicles that received one speed-camera ticket did not receive a second — another sign, officials say, that the cameras have made a difference. Not all the responses to Simon were posted on the X platform.

Persons: Simon, They’ve, ”, “, ” Simon, Christopher Robbins, you’re Organizations: State Legislature Locations: Bronx, Staten Island, Queens, New York

☆ Is an Ivy League degree worth it? Report finds advantages beyond future earnings
▼ + stars: | 2023-08-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

In the end, the group of Harvard and Brown University-based economists found that attending an Ivy League college has a "statistically insignificant impact" on earnings. Leadership positions are disproportionately held by graduates of a few highly selective private colleges, the Opportunity Insights report found. Meanwhile, at the nation's top schools, including many in the Ivy League, acceptance rates hover near all-time lows. The pathway to CEO is not necessarily an elite university. However, "the pathway to CEO is not necessarily an elite university," added Alvin Tillery, a political science professor and director of Northwestern's Center for the Study of Diversity and Democracy.

Persons: Christopher Rim, Alvin Tillery, Hafeez Lakhani Organizations: Princeton University, Office, Communications, Harvard University, University of North, Ivy League, Harvard, Brown University, Stanford University, Duke University, University of Chicago, Technology, Command, ACT, Northwestern's Center, Diversity, Diversity and Democracy, Princeton, MIT, Glowimages, Getty Locations: New Jersey, University of North Carolina, Massachusetts, New York, Michigan , Illinois, Wisconsin

☆ Small businesses boost US private payrolls in July
▼ + stars: | 2023-08-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

REUTERS/Amira Karaoud/File photoSummary Private payrolls increase by 324,000 in JulyWage growth gradually slowingWASHINGTON, Aug 2 (Reuters) - U.S. private payrolls rose more than expected in July as small businesses boosted hiring, pointing to continued labor market resilience that could shield the economy from a recession. Private payrolls increased by 324,000 jobs last month after surging by 455,000 in June, according to ADP. MANUFACTURING DRAGHiring at small business, establishments with one to 49 employees increased 237,000, accounting for more than two-thirds of the gain in private payrolls last month. It has not been a reliable gauge in forecasting private payrolls in the BLS employment report. According to a Reuters survey of economists, the BLS is likely to report that private payrolls increased by 179,000 jobs in July.

Persons: Amira Karaoud, Christopher Rupkey, Nela Richardson, It's, Daniel Silver, Lucia Mutikani, Paul Simao Organizations: REUTERS, Federal Reserve, ADP, Reuters, Treasury, Fed, Stanford Digital Economy, U.S . Bureau of Labor Statistics, BLS, JPMorgan, Thomson Locations: Louisville , Kentucky, U.S, WASHINGTON, New York

☆ US annual inflation posts smallest rise in more than two years
▼ + stars: | 2023-07-28 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

The personal consumption expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said. Excluding the volatile food and energy components, the PCE price index gained 0.2% after rising 0.3% in the prior month. That lowered the year-on-year increase in the so-called core PCE price index to 4.1%, the smallest advance since September 2021. The annual core PCE price index climbed 4.6% in May. Line chart with data from the Bureau of Economic Analysis and Federal Reserve shows PCE inflation slowed to 3% year-on-year in June, while core PCE inflation also eased to 4.2%.

Persons: Christopher Rupkey, Cory Stahle, Ellen Zentner, Morgan Stanley, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Labor, Federal Reserve, Fed, Commerce Department, Reuters, Treasury, Labor Department, Employers, Thomson Locations: WASHINGTON, New York, U.S, Ukraine, Salt Lake City , Utah

☆ US economic growth accelerates in second quarter; inflation retreats
▼ + stars: | 2023-07-27 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Gross domestic product increased at a 2.4% annualized rate last quarter. Excluding food and energy, prices rose at a 2.6% pace following a 4.2% rate of increase in the first quarter. Though the pace of growth slowed from the first quarter's robust 4.2% rate, it was enough to add more than a full percentage point to GDP growth. Government spending also contributed to GDP growth. A measure of domestic demand increased at a solid 2.3% rate after surging at a 3.2% pace in the first quarter.

Persons: Amira Karaoud, Christopher Rupkey, Joe Biden's, Lucia Mutikani, Nick Zieminski, Andrea Ricci Organizations: REUTERS, Commerce, Federal Reserve, Gross, Reuters, Fed, Consumer, Labor Department, Conference, Treasury, Investment, Thomson Locations: Louisville, U.S, WASHINGTON, New York, United States

☆ Christopher Rufo: University DEI Programs Work Against Liberal Education - The New York Times
▼ + stars: | 2023-07-27 | by ( Christopher F. Rufo | ) www.nytimes.com time to read: +3 min

Today, many universities have consciously or unconsciously abandoned that mission and replaced it with the pursuit of diversity, equity and inclusion. The criticism of such programs might begin with a simple question: Even on its own terms, does D.E.I. Researchers at Harvard and Tel Aviv University studied 30 years of diversity training data from more than 800 U.S. companies and concluded that mandatory diversity training programs had practically no effect on employee attitudes — and sometimes activated bias and feelings of racial hostility. There is no reason to believe that similar programs on university campuses have better outcomes. These programs have become commonplace not only in official “diversity and inclusion” programs, but also throughout administrative and academic departments.

Persons: Anonymous, — Organizations: Harvard, Tel Aviv University, City Journal, Manhattan Institute, The University of Florida, The University of Central, University’s, Social Justice Locations: U.S, United States, The University of Central Florida, Florida

☆ US inflation outlook brightening; consumer sentiment near two-year high
▼ + stars: | 2023-07-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Data for May was revised to show import prices declining 0.4% instead of the previously reported 0.6%. Though consumer inflation remains above the Fed's 2% target, the pace of increase has slowed sharply since peaking in June 2022, giving consumers some relief. INFLATION EXPECTATIONS ANCHOREDThough the survey's inflation expectations increased this month, that was probably because most consumers were interviewed before the release of June's consumer price index report. "Import prices are subtracting from the pernicious trend of the goods inflation Americans have been paying." There were decreases in the cost of nonagricultural industrial supplies and materials as well as food, which canceled out rises in prices for capital goods, consumer goods and motor vehicles.

Persons: Jeffrey Roach, Joanne Hsu, Shannon Seery, Christopher Rupkey, Lucia Mutikani, Christina Fincher, Paul Simao Organizations: Federal Reserve, LPL Financial, Reuters, University of Michigan, University of Michigan's, Consumers, Treasury, Labor, Thomson Locations: WASHINGTON, U.S, Charlotte , North Carolina, Wells, New York, United States, China

☆ US producer inflation muted; labor market still tight
▼ + stars: | 2023-07-13 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

That was the smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. CORE INFLATION SLOWINGExcluding the volatile food and energy components, the so-called core goods prices fell 0.2% last month after climbing 0.1% in May. In the 12 months through June, the core PPI advanced 2.6%. That was the smallest year-on-year gain since February 2021 and followed a 2.8% increase in May. While inflation is slowing, the labor market remains tight.

Persons: Bill Adams, Jeffrey Roach, Christopher Rupkey, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: PPI, Labor Department, Federal Reserve, Comerica Bank, Reuters, Financial, Services, Wholesale, Fed, Energy, LPL Financial, Treasury, CPI, Thomson Locations: WASHINGTON, U.S, Dallas, Charlotte , North Carolina, Stocks, New York

☆ US economy shifts into disinflation mode; consumer prices rise modestly
▼ + stars: | 2023-07-12 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

That was the smallest year-on-year increase since March 2021 and followed a 4.0% rise in May. The year-on-year CPI is slowing in part as last year's large rises drop out of the calculation. It was the first time in six months that the so-called core CPI did not post monthly gains of at least 0.4%. Services prices rose 0.3%, matching May's gain. Economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures (PCE) inflation.

Persons: Christopher Rupkey, Joe Biden, Chris Zaccarelli, Sarah Silbiger, Michael Gregory, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Fed, Reuters Graphics, CPI, Reuters, Independent, Treasury, El Progreso Market, Washington , D.C, REUTERS, Institute, Supply, BMO Capital Markets, Thomson Locations: WASHINGTON, U.S, New York, Charlotte , North Carolina, Mount Pleasant, Washington ,, Toronto

☆ US consumer prices post modest gains; economy shifts into disinflation mode
▼ + stars: | 2023-07-12 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

U.S. Treasury prices rose. It was the first time in six months that the so-called core CPI did not post monthly gains of at least 0.4%. In the 12 months through June, the core CPI rose 4.8%. Core inflation is expected to continue receding in the months ahead, with the labor market cooling and independent measures showing rents on a downward trend. Economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures (PCE) inflation.

Persons: Christopher Rupkey, Sarah Silbiger, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Reserve, Labor Department, Fed, Reuters Graphics, CPI, Reuters, Treasury, El Progreso Market, Washington , D.C, REUTERS, Institute, Supply, Thomson Locations: WASHINGTON, U.S, New York, Mount Pleasant, Washington ,

☆ Two suspects arrested in Texas shooting at Fourth of July festival
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +2 min

He provided few details about the suspects, what led to the gunfire, or the circumstances of their arrest. Police identified the two suspects as Christopher Redic, 20, and Brandon Williams, 19, both of Fort Worth. The shooting broke out Monday just before midnight at Como Fest, a tradition in Fort Worth celebrating the Como neighborhood's African American history. The Como neighborhood had been on edge since the shooting, although defiant neighbors and community leaders went ahead with their July Fourth parade hours after the shooting. "But we also heard about the resilience of the Como community.

Persons: Neil Noakes, Noakes, Christopher Redic, Brandon Williams, Cynthia Santos, Gabriella Navarrete, Paul Willis, Witnesses, Daniel Trotta, Leslie Adler Organizations: Police, Fort Worth Police, Fort Worth Star, Como Fest, Como, Dallas Morning News, Thomson Locations: Texas, Fort Worth, Como, United States, Philadelphia, Baltimore

☆ Demand for Biogen's new Alzheimer's drug will surprise to the upside, says Piper Sandler analyst
▼ + stars: | 2023-07-07 | 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 EmailDemand for Biogen's new Alzheimer's drug will surprise to the upside, says Piper Sandler analystChristopher Raymond, Piper Sandler, joins 'Squawk on the Street' to discuss the market's reaction to Biogen's FDA approval, what demand will look like for Biogen's new drug and the serious side effects of the Alzheimer's drug.

Persons: Piper Sandler, Christopher Raymond Organizations: FDA

☆ F-22 stealth fighter jets are back in the Middle East as a US commander warns of 'buffoonery' by Russian pilots
▼ + stars: | 2023-07-05 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

US Air Force F-22 stealth fighter jets were redeployed to the Middle East in mid-JuneTheir redeployment comes amid repeated cases of aggressive flying by Russian air force pilots. Grynkewich spoke shortly after the US Air Force redeployed F-22s to the Middle East. The US planned to compensate by deploying A-10 attack planes, which are designed to strike ground targets, to the Middle East. A US Air Force A-10C refuels from a KC-135 over the Middle East in April. Paul Iddon is a freelance journalist and columnist who writes about Middle East developments, military affairs, politics, and history.

Persons: —, Alexus Grynkewich, Äzzeddin Kasim, Grynkewich, you've, Devin Boyer, Ryan Bohl, RANE, Al, DELIL SOULEIMAN, There's, Bohl, Nicholas Heras, Christopher Ruano, Heras, Su, Paul Iddon Organizations: US Air Force, Russian, Service, Air Force's, US Air Forces Central Command, Wagner Group, Anadolu Agency, Getty Images, Pacific, KC, Tech, East, Getty, New Lines Institute, UAE, Russia, Kremlin Locations: Russia, Syria, Russian, Ukraine, Idlib, East, Europe, North Africa, Al Tanf, AFP, United States, Moscow

☆ What the Supreme Court’s decision on affirmative action at colleges means for future applicants
▼ + stars: | 2023-06-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Harvard Yard, on the campus of Harvard University in Cambridge, Massachusetts. The ruling is considered a massive blow to decades-old efforts to boost enrollment of minorities at American universities through policies that took into account applicants' race. "Without considering race, there would be a reduction in the number of underrepresented students of color." "This idea, essentially striking down affirmative action, on its surface will result in less diverse classes," said Robert Franek, editor-in-chief of The Princeton Review. "The ruling does allow for students to express, through their essay or otherwise, things about themselves that could include race," Franek also noted.

Persons: Maddie Meyer, Christopher Rim, Cara McClellan, Robert Franek, Kelly Slay, John Roberts, Franek, — Organizations: Harvard, Harvard University in, Getty, Command, University of North, Racial, Civil Justice Clinic, University of Pennsylvania Carey Law School, University of California, Michigan, Urban Institute, The Princeton, Vanderbilt University, Colleges, Finance, SUNY Locations: Harvard University in Cambridge , Massachusetts, University of North Carolina

☆ US producer inflation subsides as energy, food prices drop
▼ + stars: | 2023-06-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Reuters GraphicsGoods prices, which rose 0.2% in April, were last month depressed by a 6.8% tumble in energy prices. Gasoline prices plummeted 13.8%, accounting for 60% of the decrease in goods prices. The cost of services rose 0.2% after advancing 0.3% in April, driven by margins for automobiles and parts retailing. Excluding the volatile food and energy components, the so-called core goods prices edged up 0.1% last month, matching April's gain. The narrower measure of core PPI, which strips out food, energy and trade services components, was unchanged after inching up 0.1% in April.

Persons: Andrew Kelly, Christopher Rupkey, Veronica Clark, Jerome Powell, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, PPI, Labor Department, Federal Reserve, Reuters Graphics, Fed, Reuters, Treasury, Citigroup, CPI, Thomson Locations: Manhattan , New York City, U.S, WASHINGTON, New York, Ukraine

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