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If voters in the heavily-Democratic district cast their ballots for former congressional staffer Lindsay Powell, Democrats will keep the slight majority they previously had. The party has defended its majority in a series of special elections since November. With either outcome, Pennsylvania's government will remain divided with Democrat Josh Shapiro in the governor's office and Republicans holding a Senate majority. With control over the calendar, Democrats have advanced a number of their priorities on a one-vote margin. If Republicans gain control of the House, they can take some of these questions to voters through proposed constitutional amendments without Shapiro's approval.

Persons: Lindsay Powell, Erin Connolly Autenreith, Josh Shapiro, Powell, “, that’s Organizations: —, Pennsylvania’s, Pittsburgh, Democratic, Republicans, Republican, Senate Republicans Locations: HARRISBURG, Pa

☆ Here's the inflation breakdown for August 2023, in one chart
▼ + stars: | 2023-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Anadolu Agency | Anadolu Agency | Getty ImagesInflation rose in August on the back of higher gasoline prices, according to the consumer price index. Gasoline was the largest contributor to inflation in August, accounting for more than half of the increase, according to the BLS. This pared-down measure — known as "core" CPI — fell to an annual rate of 4.3% in August from 4.7% in July. On a monthly basis, core inflation rose slightly, to 0.3% in August from 0.2% in July. The increase in monthly core CPI "is a little bump in the road," said Kayla Bruun, senior economist at Morning Consult.

Persons: Andrew Hunter, Hunter, Kayla Bruun, " Bruun, Greg McBride, Ben Bernanke, Olivier Blanchard, Scott Olson Organizations: Anadolu Agency, Getty, Capital Economics, U.S . Bureau of Labor Statistics, CPI, AAA, BLS, Transportation, U.S . Department, Morning, Bankrate, U.S . Federal Reserve, Peterson Institute for International Economics Locations: Virginia, U.S

☆ Mike Lindell's belligerent Dominion depositions: Hawking MyPillow dog blankets on Steve Bannon's podcast and scaring away court reporters
▼ + stars: | 2023-09-08 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Lindell insulted him, his lawyers, the judge, and took a break to go on Steve Bannon's podcast. When he stood up to take a call in the middle of questioning, Coomer's lawyers called it a day. In an interview with Insider on Friday, Lindell called Coomer's lawyers "creepy" and "evil." He said he had to take a personal "emergency call" before the deposition ended, and that Coomer's lawyers were aware it was coming. During the depositions, Lindell fiercely guarded his pillow company's brand and bristled at any suggestion that one of its latest products, the MyPillow 2.0, could be subpar.

Persons: Eric Coomer, Mike Lindell, Lindell, Steve Bannon's, Coomer, I'm, Bannon, Coomer's, —, Nina Wang, Wang Organizations: Dominion, Service, Dominion Voting Systems, Lindell, America Locations: Wall, Silicon, Texas, Wisconsin

☆ ‘Immaculate disinflation’ is the new economic buzzword. But what does it mean?
▼ + stars: | 2023-09-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Economists added yet another term to their lexicon in recent months: immaculate disinflation. That pain tends to come in the form of a higher unemployment rate, which hampers economic growth. Yet the nation’s unemployment rate actually fell from 3.6% in June 2022 to 3.5% in July 2023. That’s leading some economists to believe that immaculate disinflation may be possible. “I wouldn’t call this disinflation immaculate,” he said in a CNBC interview at last month’s Jackson Hole Fed conference.

Persons: there’s, that’s, aren’t, Jerome Powell, Powell, Alex Wong, Joe Biden’s, Jared Bernstein, ”, Jackson, “, Bernstein, Loretta Mester, ” Mester, it’s, Mester Organizations: New, New York CNN, CNBC, Fed, White, Cleveland Fed Locations: New York, United States

☆ Little Richard embraced fluidity in rock ‘n’ roll. These are some of the artists he influenced
▼ + stars: | 2023-09-04 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

Editor’s Note: The CNN Film “Little Richard: I Am Everything” tells the story of rock ‘n’ roll’s Black, queer origins. Kevin Winter/Getty ImagesPerhaps the closest thing to a successor Little Richard had was Prince, the late legend who, like Little Richard, resisted easy classification and reinvented music upon his arrival. Tina TurnerTina Turner and Little Richard reunited for a performance at the 1989 Rock & Roll Hall of Fame Induction Ceremony. “I couldn’t believe the power of Little Richard on stage,” he said in Little Richard’s biography. Ian Gavan/Getty ImagesLike Little Richard, the British pop maven always felt at home in front of a piano, often tinkling the keys dressed in an ostentatious garment involving feathers (Little Richard, meanwhile, mostly stuck to suits).

Persons: “, Richard, Lil Nas, Little Richard, didn’t, Prince, David Bowie, Janelle Monáe, Dick Clark, Little Richard’s, Prince Prince, Kevin Winter, ” Richard, Rosetta Tharpe, you’ll, Frutti ”, NPR’s Ann Powers, Frutti, …, ” Prince, Richard’s, Nikki ”, MTV “, ” David Bowie David Bowie, Ziggy Stardust, Bowie, ”, Ziggy, wouldn’t, ” Bowie, Tina Turner Tina Turner, Sonia Moskowitz, Ike, Turner, —, Elvis, Mick Jagger Richard, Jagger, Little, Elton John Elton John, Ian Gavan, maven, John, he’s, ” John, Beverly Hilton, Freddie Mercury, might’ve, Queen —, Elvis Baz Luhrman’s, ” dramatizes, Alton Mason, Richard careens, Elvis ”, King —, Janelle Monáe Janelle Monáe, Ethan Miller, Monáe, ” Monae, Richard . Lady Gaga, Gaga, Jo Calderone, Princess Lavonne, Lavonne, he’d, Jo, Princess Lavonne’s, ” Ashon Crawley Organizations: CNN, MTV, Roll Hall, Beverly, Warner Bros, Warner Bros ., USA, NPR Music Locations: London, New Orleans, British, Monáe

☆ CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near Jackson Hole, Wyoming. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. But there are other market themes that investors should know about, according to Goldman Sachs.

Persons: Jerome Powell, paring, CNBC's Lucy Handley, Singh Puri, CNBC's Tanvir Gill, Puri, Goldman Sachs Organizations: Federal Reserve, Jackson, Grand Teton, CNBC, Nvidia, Nikkei, AMD, Intel, Petroleum, Natural Gas Locations: Jackson Hole , Wyoming, Asia, Pacific, China, Europe, India, Moscow

☆ Why some are calling the German economy 'the sick man of Europe'
▼ + stars: | 2023-08-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —It’s been nearly two decades since Germany shrugged off its “sick man of Europe” label with a series of labor market reforms that ushered in years of economic outperformance. Sticky inflation and three straight quarters of falling or stagnating output have put Europe’s biggest economy in the doldrums. “Sticky” inflation is eroding Germans’ purchasing power, fueling “pessimism among households,” according to Thomas Obst, senior economist at the Cologne Institute for Economic Research. “[German] industrial order books have emptied over the last 12 months,” Carsten Brzeski, global head of macroeconomic research at ING, told CNN. “Germany is in a very singular position.”Bright spotsHolger Schmieding, the economist who first called Germany the “sick man of Europe” in 1998, thinks the “current wave of pessimism” over its economy is overdone.

Persons: London CNN — It’s, Stefan Kooths, Europe ”, Kooths, Thomas Obst, Obst, ”, Klaus Wohlrabe, Frank Soellner, ” Carsten Brzeski, Sam Reeves, Brzeski, David Hecker, Holger Schmieding, Schmieding, “ Organizations: London CNN, International Monetary Fund, Kiehl Institute, Cologne Institute, Economic Research, CNN, European Central Bank, ifo, Volkswagen, Siemens, Global, ING, Getty, China Locations: Germany, Europe, Berlin, ifo, Bad, China, Duisburg, AFP, Ukraine, Australia, France

REUTERS/John Sommers II/File Photo Acquire Licensing RightsAug 18 (Reuters) - Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Passenger jets grounded during the health crisis are flying again and bringing their lower-deck cargo space, which competes with dedicated air freighters, back into play. The Florida-based carrier cited "the unyielding and rapidly mounting macro-economic headwinds that plagued the entire air cargo transportation sector starting in late 2022". In June, air cargo experienced the slowest contraction since February 2022, the International Air Transport Association said.

Persons: John Sommers, Xeneta, they're, Peter Sand, we're, Sand, planemakers, Eddy Pieniazek, expective, Pieniazek, Robert, Tim Hepher, Lisa Bartlein, Allison Lampert, Valerie Insinna, Barbara Lewis Organizations: Parcel Service, UPS, REUTERS, Air, Reuters, Western Global Airlines, Japan Airlines, Xeneta, International Air Transport Association, Ishka, Cathay, HK, Boeing, Airbus, Aeronautical Engineers, Thomson Locations: Louisville , Kentucky, Delaware, Florida, China, Asia, United States, Miami

☆ Why Maui’s rebuilding effort will be so expensive
▼ + stars: | 2023-08-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

All told, doing business in Hawaii is about 30% more expensive than the cost of doing business in the rest of the United States, according to Moody Analytics. “Based on similar historical events, this is likely conservative, as building delays and supply and demand cause additional pressures on reconstruction costs,” said Verisk. Construction permitting generally takes longer in Hawaii than most mainland locations, said Jessica Leorna, CEO of the state’s Building Industry Association. That’s especially true for construction workers, who were in short supply even before the fires, according to the state’s Building Industry Association. And workers from elsewhere in the state or the Southeast could drive home on weekends,” he said.

Persons: ”, Beau Nobmann, Jae C, ” Jason Thies, Nobmann, Jessica Leorna, Jones, it’s, Adam Kamins, there’s, Ian, “ That’s Organizations: New, New York CNN, Moody Analytics, HPM, Homes, Industry Association, Labor, Labor Department, state’s, Moody’s Analytics, Moody’s Locations: New York, Maui, United States, Hawaii, Lahaina , Hawaii, Canada, Asia, West Coast, California, Washington, Hawaii’s, Florida

New York CNN Business —Taylor Swift’s era-defining “Eras” tour is flying like a jet stream, high above the music scene — by billions of dollars. The tour could gross $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively. ‘An economic phenomenon’“Taylor Swift’s ‘Eras’ tour is rewriting the playbook of entertainment economics,” said Chris Leyden, director of growth marketing at SeatGeek. “She’s not just a performer — she’s an economic phenomenon.”The average resale price of an “Eras” ticket was $1,607, SeatGeek told CNN. Swift kicked off the highly-anticipated “Eras” — her first tour since her “Reputation” stadium tour in 2018 — in March.

Persons: New York CNN Business — Taylor, QuestionPro, Swift, Elton John’s, Larry Miller, New York University Steinhardt, “, ”, Miller, concertgoers, Taylor, Chris Leyden, “ She’s, —, SeatGeek, “ Taylor, Terri Shoemaker, Taylor Swift, Hell, Swifties, “ We’ve, Ethan Chernofsky, That’s, it’s, I’ve Organizations: New York CNN Business, North, CNN, New York University, Swift, Arizona Food Bank Network, Retailers, Ticketmaster, Entertainment, Nissan Locations: Los Angeles, American, North America, Arizona, Philadelphia, Nashville , Tennessee, Arlington , Texas

☆ Morning Bid: A sticky inflation situation
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +5 min

With a relentless set of rate hikes, the Federal Reserve has managed to drive consumer price increases down to 3%, from last June's 9.1%. The Atlanta Fed compiles an index of core sticky consumer prices - goods or services for which the cost changes far more slowly. Reuters GraphicsLine 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%. Chart shows economists polled by Reuters expecting the U.S. consumer price index to have increased 0.2% in July 2023 from the previous month, the same pace as June 2023. * Federal Reserve Bank of Atlanta President Raphael Bostic gives welcome remarks at a webinar, 1500 EDT/1900 GMT.

Persons: Brendan McDermid, Amanda Cooper, they're, Mary Daly, Raphael Bostic, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, American Automobile Association, Federal Reserve Bank, Cleveland, Atlanta Fed, Reuters Graphics, Reuters, Federal Reserve Bank of San Francisco, Yahoo Finance, Federal Reserve Bank of Atlanta, Thomson Locations: New York City, U.S, Manheim

NEW YORK/LONDON, Aug 10 (Reuters) - Lean times faced by many U.S. and European companies may last longer than expected as they try to sell off their bulging inventories in an economic climate where demand is stalling. Full-to-bursting warehouses means fewer orders for manufacturers, which translates into lower levels of business activity and, ultimately, weaker growth. Now, global demand is falling as borrowing costs have risen, so companies have started running down stocks. Maersk controls about one-sixth of global container trade, transporting goods for a host of major retailers and consumer goods companies. Refinitiv I/B/E/S data shows U.S. and European companies are expected to report their worst quarterly results in years.

Persons: Vincent Clerc, Hugo Boss, Moller, Stanley Black, Decker, destocking, Levi Strauss, Rajiv Sharma, Arun Sundaram, Guillermo Novo, Cyrus de la Rubia, Siddharth Cavale, David Gaffen, Josephine Mason, Mark John, Jonathan Cable, Helen Reid, Jane Merriman Organizations: U.S, Maersk, Heineken, 3M, . Bureau of Labor Statistics, CFRA Research, Retailers, BASF, London, Rutgers University, Hamburg Commercial Bank, doesn't, Thomson Locations: Ukraine, U.S, United States, Ashland, Hamburg, New York, London

☆ Germany risks falling back into recession as car industry sputters
▼ + stars: | 2023-08-07 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany’s vast automotive sector. The decline in German industrial output, much steeper than forecast by economists, raises the risk that the manufacturing heavyweight will contract again later this year, potentially falling back into recession. The construction sector, where output shrank by 2.8%, also had a negative impact on overall industrial production, the country’s statistics office said Monday. “German industry remains in rough waters,” Salomon Fiedler, economist at Berenberg, said in a note Monday, noting last year’s energy price shock and weakness in US and Chinese demand, among other factors. Berenberg expects Germany to fall back into “a mild recession” in the second half of this year, Fiedler added.

Persons: “, ” Franziska Palmas, Jörg Krämer, Hildegard Müller, ” Salomon Fiedler, Fiedler, — Mark Thompson, Anna Cooban Organizations: London CNN —, Capital Economics, Auto, German Automotive Industry Association, Volkswagen Locations: Germany, Europe, China, Russia, Ukraine, “

☆ The economy's dream scenario just got even closer
▼ + stars: | 2023-07-27 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The unemployment rate dropped to 3.6% in the most recent month. In many states, unemployment is at or near record lows, with the unemployment rate in South Dakota at just 1.8%. Construction spending on manufacturing is soaring, while manufacturing employment recently hit its highest level in 15 years. And the dream scenario for the economy, to get inflation down without a sharp spike in unemployment or a recession, is looking more likely by the day.

Persons: It's Organizations: Service Locations: Wall, Silicon, South Dakota

☆ Top of New York City crane crashes into street, injuring six
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, July 26 (Reuters) - Six people were injured in New York on Wednesday when the top portion of a construction crane caught fire and crashed into a Manhattan street during the morning rush hour, authorities said. [1/7]Members of the Fire Department of the City of New York (FDNY) and others gather after a construction crane caught fire on a high-rise building in Manhattan, New York City, U.S., July 26, 2023. "As you see from the debris on the street, this could have been much worse," New York City Mayor Eric Adams said during a press conference at the scene. In recent years, New York City has adopted more stringent safety measures for the towering cranes used to erect the massive buildings that define the skyline of the country's most populous city. More recently, a crane collapsed in lower Manhattan's Tribeca neighborhood in 2016, killing a pedestrian, injuring three others and crushing cars parked on the street.

Persons: Amr Alfiky, Eric Adams, Frank McGurty, Brendan O'Brien, Nick Zieminski, Jonathan Oatis Organizations: YORK, Firefighters, New York City Police Department, Twitter, Reuters, Fire Department, City of New York, REUTERS, York City, Thomson Locations: New York, Manhattan, Lincoln, New Jersey, City of New, Manhattan , New York City, U.S, York, New York City, Manhattan's, Tribeca, Chicago

☆ Gas prices just saw their biggest one-day increase in a year
▼ + stars: | 2023-07-25 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —The monthslong calm in gas prices is over. However, gas prices are much lower today than they were last summer, when they spiked above $5 a gallon. David Paul Morris/Bloomberg/Getty ImagesAs recently as July 4, gas prices had experienced a nearly unprecedented year-over-year decline. The unwelcome shift higher in pump prices follows a jump in oil prices, which have climbed to three-month highs as part of a broader rally in commodities. Cooling inflation, driven in part by easing gas prices, has raised hopes that the United States can avoid a recession.

Persons: ”, Andy Lipow, David Paul Morris, Lipow, ” Lipow Organizations: New, New York CNN, AAA, CNN, Lipow Oil Associates, Bloomberg, Getty, Federal Reserve, OPEC Locations: New York, Ukraine, United States, Russia, Saudi Arabia, OPEC, Europe

☆ Here's the inflation breakdown for June, in one chart
▼ + stars: | 2023-07-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

The CPI is a key barometer of inflation, measuring prices of anything from fruits and vegetables to haircuts and concert tickets. Hourly earnings increased 0.2%, on average, from May to June after accounting for inflation, according to BLS data. 'Encouraging' inflation signals moving forwardThe inflation slowdown has been broad-based, Zandi said. watch nowGrocery price inflation is also down significantly from its peak around 14% last summer, which had been the highest rate since 1979. Economists say it's a near certainty that housing prices will continue to fall through the second half of the year.

Persons: Michael M, Mark Zandi, Zandi, we're, Mark Hamrick, Andrew Hunter, Ben Bernanke, Olivier Blanchard, Stephanie Roth, Roth Organizations: Lincoln Market, Santiago, Getty, U.S . Bureau of Labor Statistics, Moody's, BLS, Capital Economics, Finance, U.S . Federal Reserve, Peterson Institute for International Economics, Morgan Private Bank Locations: Brooklyn , New York, U.S, Ukraine

☆ Column: Europe's surging solar sector set for cannibalization risk
▼ + stars: | 2023-07-10 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

However, the rapid growth in solar supply capacity throughout Europe's electricity grids is already starting to erode producer profitability, as surplus power from solar sites depresses wholesale electricity prices and results in utilities earning shrinking revenues from renewables. However, since Russia's invasion of Ukraine snarled Europe's gas markets in 2022, Europe's power generators have accelerated the build-out of renewable energy capacity while cutting back on electricity generation from fossil fuels. However, those strong earnings may start to become harder to generate as additional volumes of solar capacity are brought online and compete with all other forms of generation to set wholesale electricity prices. California’s ‘Duck Curve’ electricity marketsEuropean solar power producers are not yet faced with anything like the problems seen in California, where solar can account for 40% of total electricity generation. But as more solar supply capacity gets added to Europe's generation system, solar producers must expect the extra competition from other solar sources to drive electricity prices lower for all electricity generators.

Persons: Gavin Maguire, Lisa Shumaker Organizations: Reuters, Thomson Locations: Europe, Ukraine, California, Germany

CNN —The White House is closely monitoring the upcoming labor talks in the US auto industry, negotiations that could put it at odds with the traditional support of a major union. “As a White House point person on key issues related to the UAW and Big Three, Sperling will help ensure Administration-wide coordination across interested parties and among White House policymakers,” a White House official confirmed to CNN. Sperling, the official added, “will work hand-in-glove with Acting [Labor] Secretary Julie Su on all labor-related issues.” He will need to coordinate across multiple White House offices and other stakeholders across government for this new task. So the shift to EVs, supported by the Biden administration, is a major concern of the UAW heading into these talks. The current UPS contract expires July 31, and the union rank and file has already authorized an August 1 strike without a new deal.

Persons: Joe Biden, Gene Sperling, Sperling, Carter, Obama, Biden, ”, “, Julie Su, Liz Shuler, ” Sperling, Bill Clinton, Barack Obama Organizations: CNN, United Auto Workers, UAW, Big, White House, Labor, White, General Motors, Ford, Dodge, Chrysler, GM, Anderson Economic Group, AFL, UPS, Teamsters, Treasury Department, National Economic Locations: Michigan, Detroit

☆ U.S. faces a wild weekend of weather, including extreme heat and severe storms
▼ + stars: | 2023-06-30 | by ( Denise Chow | ) www.cnbc.com time to read: +4 min

In an update Friday, the National Weather Service said heat is building along the West Coast and is expected to bring hot and dry conditions to much of California this weekend. Across the central Plains and into the South, which have been baked by high temperatures for days, the heat is expected to persist. Texas, which has been sweltering under an intense, early-season heat wave for the past three weeks, is expected to cool slightly from triple-digit temperatures. As the ongoing heat dome expands deeper into the South, high heat and humidity are expected to blanket parts of Missouri, Arkansas, Louisiana, Tennessee, Mississippi and Alabama through the weekend. Thousands of flights have been disrupted or canceled since Wednesday, adding strain to what is anticipated to be a busy travel weekend.

Persons: Charles Newell, Newell Organizations: National Weather Service, Mexican Health Ministry, Reuters, Emergency Management, Homeland Security Agency, Prediction Center Locations: United States, West, Midwest, Northeast, California, Northern California, Missouri, Gulf, . Texas, Texas, Mexico, Missouri , Arkansas , Louisiana , Tennessee , Mississippi, Alabama, Memphis, Shelby, Mississippi, Tennessee, Canada

☆ Storms, air traffic control facility delay thousands of flights
▼ + stars: | 2023-06-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

ET, the FAA issued ground stops for Baltimore/Washington International Thurgood Marshall Airport, Ronald Reagan Washington National Airport and Dulles International Airport, preventing aircraft from taking off for those destinations. "Departures to D.C.-area airports have resumed and repairs to the communications power panel are complete," the FAA said in a statement. More than 440 flights to and from Newark Liberty International Airport were delayed. The airport is a major hub of United Airlines , which had more than 840 delayed flights Sunday, according to FlightAware. American Airlines posted 938 delayed flights, 27% of its mainline schedule, Delta Air Lines had 716, or 20% of its schedule, and New York-based JetBlue Airways had 472 delays, or 45% of its planned schedule.

Persons: Ronald Reagan Organizations: Boeing, Ronald Reagan Washington National Airport, Federal Aviation Administration, Washington D.C, FAA, Baltimore, Washington International Thurgood Marshall Airport, Dulles International, Washington Dulles, Newark Liberty International Airport, United Airlines, American Airlines, Delta Air Lines, JetBlue Airways Locations: Ronald Reagan Washington, Arlington , Virginia, Canada, U.S, Washington, Miami, Boston, Detroit, United, New York

☆ Everyone wants to know when consumer demand is going to come back for real. Here's what FedEx execs are watching.
▼ + stars: | 2023-06-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

FedEx's massive overhaul is showing early signs of success but package volumes are still down. For the year ahead, FedEx expects moderate revenue growth of between 1% and 3% year over year. FedEx is expecting package volumes to finally bounce back after five straight quarters of declines. FedEx's guidance for the next 12 months includes moderate revenue growth, somewhere between 1% and 3% year over year. "Green shoots," or signs of potential revenue growth, are beginning to show in Europe however, she said.

Persons: We're, Raj Subramanian, Morgan Stanley, Brie Carere, Carere, hasn't, Jason Furman, Mike Lenz, Subramanian Organizations: FedEx, Tuesday, Target, Harvard Locations: Europe, North America, Trans

☆ Auto insurers are raising rates, even as car prices ease. 'The pandemic has been really disruptive to the auto repair business,' economist says
▼ + stars: | 2023-06-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

About a third (31%) of U.S. auto insurance customers say they experienced a rate increase during the past year, according to a recent study by J.D. Many factors have conspired to push up the cost of car repairs, which ultimately feeds through to insurance prices, economists said. "The pandemic has been really disruptive to the auto repair business," he said. Auto insurers lost 12 cents on each dollar of customer premiums paid in 2022, on average, according to J.D. Vehicle prices moderate after pandemic-era surgeFurther, vehicle prices began rising at a rapid clip in the first half of 2021.

Persons: Mark Zandi, Power, Zandi, Charlie Chesbrough, Chesbrough Organizations: Moody's, U.S . Department of Transportation, Auto, Cox Automotive, U.S . Federal Reserve Locations: ., U.S

☆ Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault
▼ + stars: | 2023-06-14 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels - the Louis Vuitton and Dior brands - as well as champagne. However, the behind-the-scenes role of the oldest of Arnault’s four sons, Antoine, hasn't been widely known. Although Antoine Arnault's work shepherding LVMH's sponsorship of the Olympic Games is taking place behind closed doors, the outcome would be highly public. Steve Martin, global CEO of M&C Saatchi Sport & Entertainment, said that while LVMH is already associated with France, a formal sponsorship of the Olympics would help to further differentiate LVMH from luxury rivals. “If we get involved it would be to help out,” LVMH fashion group CEO Sidney Toledano told Reuters.

Persons: Antoine Arnault's, Antoine Arnault, Bernard Arnault's, Bernard Arnault’s, Delphine Arnault, Dior, Antoine, Louis Vuitton, Bernard Arnault, hasn't, Tony Estanguet, Cristiano Ronaldo, Lionel Messi, ”, Steve Martin, LVMH, Martin, Sidney Toledano, –, we’re, Toledano, Mimosa Spencer, Sharon Singleton Organizations: Deal, Dior, FIFA, Olympic, Saatchi Sport & Entertainment, Olympic Games, Reuters, Thomson Locations: PARIS, LVMH, Paris, France, Qatar, Atlanta, London

☆ Here's the inflation breakdown for May 2023, in one chart
▼ + stars: | 2023-06-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

The CPI is a key barometer of inflation, measuring prices of anything from fruits and vegetables to haircuts and concert tickets. Where consumers saw inflation, deflation in MayConsumers saw gasoline prices decline 5.6% between April and May, according to the CPI report. "Energy prices at this time last year were just absurd," Leer said. watch nowBut food and energy prices can be volatile. "The progress on core inflation has stalled out in recent months," said Greg McBride, chief financial analyst at Bankrate.

Persons: Michael M, Leer, Greg McBride, They're, Ben Bernanke, Olivier Blanchard Organizations: Lincoln Market, Santiago, Getty, U.S . Bureau of Labor Statistics, Consumers, CPI, Bureau of Labor Statistics, BLS, U.S . Federal Reserve, Peterson Institute for International Economics, Bankrate Locations: Prospect, Brooklyn, New York City, U.S, Ukraine

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