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Cohen’s testimony ties together the prosecution’s allegations that Trump broke the law by falsifying business records to reimburse Cohen and conceal the hush money payment that Cohen said he made at Trump’s direction. Cohen described his conversations with Trump during the Daniels hush money negotiations, which prosecutors backed up using Cohen’s phone records to show when the two had spoken. Trump,” Cohen said. “Reimbursement of my money,” Cohen said. They joined Trump for the high-profile Cohen testimony, sitting in the gallery behind the former president at the defendant’s table.
Persons: CNN — Michael Cohen, Donald Trump, Stormy Daniels, Trump, Cohen, Daniels, Susan Hoffinger, Todd Blanche, perjurer, David Pecker, Keith Davidson, Karen McDougal, Pecker, Davidson, Dylan Howard, Hope Hicks, , ” Cohen, , Hoffinger, ” Hoffinger, “ Mr, Michael Cohen's, Melania, CNN “, Trump’s, reimbursements Cohen, Allen Weisselberg, Weisselberg, “ David Dennison ”, Peggy Peterson ”, would’ve, ” –, McDougal, glanced, Hicks, Madeleine Westerhout, Cohen’s, wasn’t, Juan Merchan’s, Eric Trump, Susie Wiles, Sen, Rick Scott, J.D, Vance of Ohio, Tommy Tuberville, Nicole Malliotakis, Alina Habba Organizations: CNN, Trump, National Enquirer, Melania Trump, New York, Republican Locations: Yom Kippur, , Trump, Cohen’s, Republic, Manhattan, Florida, Alabama, Staten, Iowa
New York CNN —Target is limiting the number of stores that will sell LGBTQ-themed merchandise for Pride Month in June following a boycott from right-wing activists last year that took a toll on the brand’s bottom line. About half of its 2,000 stores will sell the Pride collection, according to Bloomberg, which first reported the news. The changes are a “sensible approach,” Neil Saunders, managing director of retail for GlobalData, told CNN. Pride problemsLast year, Target pulled Pride merchandise from some stores after the company and its employees became the focus of a “volatile” anti-LGBTQ campaign, which included threats against its store workers. A Target executive said on the earnings call that there was a “strong reaction” to Pride merchandise and the reaction was a “signal for us to pause, adapt and learn.”–CNN’s Nathaniel Meyersohn contributed to this report.
Persons: Target, it’s “, ” Neil Saunders, , , ” –, Nathaniel Meyersohn Organizations: New, New York CNN, Pride Month, Bloomberg, CNN, Pride, Target, GlobalData, Wall Street Journal, Republican Locations: New York, Minneapolis
John Paul Brammer writes the “¡Hola Papi!” advice column for The Cut at New York magazine, answering questions like, “Why am I dreaming about sex with a man when I’m a lesbian?” Or, “What if my partner judges me for writing smut?” This candor has given John Paul an intimate connection with his readers. However, as today’s episode reveals, he doesn’t think we necessarily need that level of openness with all of our loved ones. Ahead of Mother’s Day, Brammer reads an essay about a recent college graduate who sets out to spend the summer exploring his sexuality, but whose plans are derailed by his duty to his grandmother. It’s called “Young, Gay and Single Among the Nuns and Widows” by Kevin Hershey. Brammer says it’s “bizarre” how much this essay resonates with his own life.
Persons: John Paul Brammer, John Paul, Brammer, It’s, Young, Gay, Kevin Hershey Organizations: New York, Nuns
The Ukrainian government says there are thousands of people like Dima, civilians arrested by Russia who have been held in arbitrary detention for years. In the early weeks of the war, Russian troops took over their home, parking their tank in the garden and stealing anything of value. Following the full-scale invasion of Ukraine, Russia opened a second pre-trial detention facility in Simferopol, SIZO No. Detained civilians, however, are stuck in limbo. Mariana Checheliuk's photos were among those displayed by relatives of detained civilians at a recent protest in Kyiv.
Persons: Ukraine CNN — “, , Vasyl Khyliuk, Dmytro Khyliuk, Dima, , Ivana Kottasova, Dmytro Lubinets, Lubinets, ” Achille Després, Cross, it’s, Vasyl, ” Vasyl, Halyna, , Dmytro Khyliuk’s, Russia —, Khyliuk, Anastasiia, MIHR, Pantielieieva, CNN “ We’ve, ” Pantielieieva, Yulia Khrypun, Serhii, , Serhii Khrypun, Yulia, ” Yulia, Mariana Checheliuk, Mariana, Natalia Checheliuk, ” Natalia, ’ ” Natalia, Alexander Ermochenko, Mariana –, Mila, Natalia, Volodymyr, Zelensky, Mariana Checheliuk's Organizations: Ukraine CNN, Ukrainian Independent, Agency, Kyiv, CNN, Russian Federation, International Committee, Ukrainian, Organization for Security, Getty, Media Initiative, Human Rights, Penal, Russian Investigative Committee, Russian Prison Service, ICRC, Russian Ministry of Defense, Ukrainian Defense Intelligence, Russian Federal Security Service, Russian National Guard, Directorate, General Staff, Serhii, Crimean Human Rights, Maxar Technologies, Volunteers, Russia, United Nations Children’s Fund, UNICEF, Security Service of Ukraine, Ukraine’s, Ministry of Internal Affairs, Ministry of Foreign Affairs, National Information Bureau, Ministry, , Headquarters Locations: Kyiv, Ukraine, Dima, Ukrainian, Kozarovychi, Russia, Geneva, Europe, Novozybkov, Russia’s Bryansk, Russia’s Vladimir, Mordovia, Russian, Moscow, Bryansk, Nove, Tokmak, Melitopol, Olenivka, Kursk, Crimea, Kamensk, Russia’s Rostov, Yulia Khrypun Russia, Chonhar, Kherson, Crimean, Crimean Tatars, Simferopol, SIZO, Irkutsk, Krasnoyarsk, Siberia, , Mariupol, Zaporizhzhia, Bezimenne, Donetsk People’s Republic, Azovstal, Donetsk, Taganrog, Kamyshin, Russia’s Volgograd, Qatar
Sell in May and go away? Think again
  + stars: | 2024-05-02 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
New York CNN —It’s “sell in May and go away” season. All three major indexes broke five-month winning streaks as hotter-than-expected inflation data stoked fears that interest rate cuts will come later than forecast. The central bank kept interest rates on hold at a 23-year high at its policy meeting. Persistent inflation has kept long-anticipated rate cuts on the backburner. Tesla “has let our entire charging org go,” William Navarro Jameson, strategic charging programs lead at Tesla, wrote on X.
Persons: Stocks, Jerome Powell, , Alex McGrath, Larry Tentarelli, Bryan Mena, it’s, Read, Tesla, Tesla “, ” William Navarro Jameson, Lane Chaplin, Hanna Ziady, Peter Valdes Organizations: CNN Business, Bell, New York CNN, The, Dow Jones, Nasdaq, Wednesday, Traders, Blue, Carson Group, Research, Federal Reserve, Fed, Motors, Ford, Tesla Locations: New York
Brisbane and Sydney, Australia CNN —The grassy expanse of the University of Queensland’s Great Court has long been the center of student life at the Australian state’s biggest university. “We will not be intimidated by these people,” said Students for Palestine Monash representative Madeline Curkovic. In response, the Sydney branch of Students for Palestine issued a call-out on Facebook to “defend” the camp. Students say they will stay at the University of Sydney for as long as it takes for their demands to be met. The Australia Palestine Advocacy Network (APAN) has called on Australian universities to protect the right of students to peaceful protest, saying their action is justified.
Persons: Israel “, Shalom ”, Liam Parry, , we’re, , there’d, “ We’ve, Hilary Whiteman, Madeline Curkovic, Angus Watson, It’s, Shovan Bhattarai, Jasmine Al, they’ve, Rawi, Friday’s, Israel ”, Randa Abdel, Fattah, Mark Scott, Joel Carrett, Shutterstock, ” Scott, it’s “, Nasser Mashni, Danny Channan, they’re, there’s, , Israel ’, Organizations: Brisbane, Australia CNN, University of Queensland’s, Australian state’s, Students for Palestine, Australia –, Israel, Students, Palestine, CNN, Monash University, Palestine Monash, University of Sydney, Facebook, University of Melbourne, University of Queensland, Boeing, Research Center, Israel Defense Forces, Australia Palestine Advocacy, Queensland Jewish, Locations: Sydney, Australia, Melbourne, Adelaide, Perth, Gaza, United States, UQ, Brisbane, Palestine, Israel, America, , Queensland
CNN —Joe Biden landed a major union endorsement Wednesday from North America’s Building Trades Unions, whose leaders say the president has his infrastructure bill largely to thank for it. The backing from NABTU, which has 3 million members nationwide, is more enthusiastic than its 2020 backing of Biden. That’s raised questions about the political future of the next generation of union members. It’s “almost like the perfect leader was sent at the perfect time for working people,” NABTU President Sean McGarvey told CNN about Biden in an interview announcing the endorsement. Biden appeared at the union’s conference in Washington on Wednesday to officially get the nod – which union leaders also want to be seen as a stark rebuff of Trump, who eagerly solicited support from union members and leaders during his time in office, but, their leaders say, didn’t deliver.
Persons: CNN — Joe Biden, Biden, Donald Trump, That’s, It’s, , Sean McGarvey, Trump, NABTU, ” Biden, , ” “, Joe Biden, Elizabeth Frantz, Biden’s, McGarvey, ” McGarvey, it’s, Trump’s, Sean, “ Donald Trump, ” Brent Booker, Booker, ” Booker, didn’t, Julie Chavez Rodriguez, “ Biden, he’s, Mitch Landrieu, ” Landrieu, CNN’s Michael Williams Organizations: CNN, Unions, Teamsters, Republican, Democratic, Biden, Trump, Covid, North, Washington Hilton, ’ International Union of Locations: America’s, Pennsylvania, Michigan, Wisconsin, NABTU, Washington, Washington ,, Chicago, ’ International Union of North America
Olympic luxury packages are already on sale, offering exclusive access to the sporting spectacle, alongside very upscale travel and accommodation experiences. And this year, there’s no bigger sporting event than the Paris 2024 Olympic Games. Tour operator Kensington Tours says it has two clients coming into Paris for the first seven nights of the Games. “Paris presents a wealth of opportunities for luxury travelers to indulge in during the Olympics,” Adto Teppa says. Pierre MonettaTo ensure their clients have access to Paris’ most prestigious hotels, many luxury travel advisers have made blanket bookings at properties across the city.
Persons: cher, Barnabas Carrega, , ” Carrega, ’ Carrega, Ducasse, Alain Ducasse, won’t, They’ll, they’ll, AZA, Angela Adto Teppa, ” Adto Teppa, Palais, Paris, Andrea Galvez, , Galvez, Pierre Monetta, We’ve, Dave Guenter, Crillon, Nicolas De Gols, De Gols, Fraser Yachts, Askari, Patrick Locqueneux, Clément Bru, Charles de Brosses, Cookoon, “ We’ve, ” Bru, Henri Jayer Vosne, Domaine, Conti, de Mars, Simone Biles Organizations: CNN, Paris, CNN Travel, Michelin, Olympic, Kensington, Eiffel, Palais Garnier, Travel, Opera Ballet, Travel Group, Le Bristol Paris, Paris ’, Royal, Raffles, , Royal Monceau’s, Nice, Tahiti, Fraser Locations: Paris, American, Alma, Kensington, Oahu, Hawaii, New York, Rosewood, Le Bristol, Raffles Paris, Marseille, Polynesia, Teahupo’o, Tahiti, Monaco, France, Burgundy
CNN —Few things in professional sports have ever been as certain as Caitlin Clark being selected as the No. That’s what I’m going to do. I’m going to be in there and be like, ‘Go make a layup.’ She’s going to make my life easy. “If you’re a women’s basketball fan or you’re not a women’s basketball fan, I encourage you to watch the show when it comes out,” Clark says. I think I’m just excited.
Persons: Caitlin Clark, , Clark, , ” Clark, ’ She’s, Cameron Brink, Angel Reese, Adam Hunger, , Clark Clark, they’re, It’s, Peyton Manning’s, Kamilla Cardoso, Kiki Rice, Brian Babineau, I’ve, it’s, hasn’t, Steph Chambers Organizations: CNN, Iowa Hawkeyes, NCAA Division, Indiana Fever, Boston, South, NCAA, ESPN, Peyton, Chicago Sky, UCLA Bruins, Clark, Getty, Fever, WNBA, Iowa, Phoenix Mercury, Pacers Locations: men’s, Boston, South Carolina, Los Angeles, New York, Peyton Manning’s Omaha, Phoenix Mercury . Iowa, Indianapolis
“I am not resigning,” Johnson told reporters. Massie told Republican colleagues behind closed doors Tuesday morning that he will cosponsor the motion to vacate Johnson from his position. And then I said, ‘Well, you’re the one who’s going to put us into this,’ because the motion is going to get called up. In making his announcement Monday, the Louisiana Republican predicted the House will vote Friday evening on the separate bills. The Senate passed its bill in February – a $95.3 billion foreign aid bill with assistance for Ukraine, Israel and other priorities.
Persons: Mike Johnson, Johnson, Thomas Massie, , ” Johnson, Massie, Marjorie Taylor Greene, Trent Kelly, Mississippi, it’s, ” Massie, Kevin McCarthy, , Republicans “, Republican – Greene –, , CNN’s Morgan Rimmer Organizations: Republican, Republican Rep, Louisiana Republican, CNN, Democratic, GOP, Republicans, Democrats, Senate, Internal Revenue Service Locations: Ukraine, Israel, Louisiana, Taiwan, Georgia
As a dietary supplement, melatonin is not approved by the US Food and Drug Administration for safety, effectiveness or labeling before it is sold to the public. The council’s action follows recent reports of a massive rise in accidental ingestions of melatonin by children and an April 2023 study that found 25 products labeled as melatonin gummies contained dangerous levels of the hormone. Melatonin gummies were involved in nearly 5,000 of those cases. While the vast majority of unsupervised melatonin ingestions did not result in hospitalization, the number of accidental ingestions by children 5 and under may be underestimated, the report said. New and improved labelsThe council guidelines call for new labels that warn consumers about the danger of drowsiness after taking a melatonin supplement.
Persons: , , Pieter Cohen, ” Cohen, it’s “, Cohen, Catherine McQueen, ” Dr, Cora Collette Breuner, “ It’s, Breuner, Amanda Musa Organizations: CNN, Council for Responsible Nutrition, US Food and Drug Administration, Cambridge Health Alliance, US Centers for Disease Control, Prevention, CDC, Food and Drug Administration, Getty, Seattle Children’s Hospital, University of Washington Locations: Somerville , Massachusetts, Seattle
New York CNN —Shares of Trump Media & Technology Group are in free fall. Trump Media is now trading below $31. Trump owns a dominant stake of 78.8 million shares in the company, which generates little revenue and is losing users. At the closing high for Trump Media’s stock price, the former president’s stake was valued at $5.2 billion. Trump Media disclosed losing $58 million in 2023 on very light revenue of just $4.1 million.
Persons: Donald Trump’s, Trump, , Shannon Devine, Capital’s Matthew Kennedy, Billionaire Barry Diller, ” Shannon Devine, it’s Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, Nasdaq, Trump, Big Tech, ” Trump Media, CNN, Expedia, People Magazine, IAC, CNBC Locations: New York
It’s “so far, so good” for Player, who played his last Masters in 2009 after a record 52 appearances at Augusta National. Player was renowned for his endurance across a five-decade career that reaped 165 tournament wins and nine major championships. “You do things in life for other people, and you try to have fun, and like Gary said, you’ve got to laugh.”Watson, Player and Nicklaus (left to right) drew huge crowds. “If you’re here, you are so blessed, and you should kiss the ground every day,” Player told Masters reporters on the range. “He’s a man who believed in freedom, and what he did for this great country, you can’t describe it.
Persons: CNN —, Gary Player, Jack Nicklaus, Tom Watson, , , Player, Jamie Squire, Overtraining, It’s, Walter Iooss Jr, Quizzed, Nicklaus, , Watson, Gary, you’ve, ” Watson, Mike Blake, Donald Trump, Dwight D, Eisenhower Organizations: CNN, Gary, Augusta National, REDs, Nicklaus, Reuters, America, Locations: Augusta, India, Johannesburg, United States
Pam Raphael pulled up to the Arizona State Capitol on Tuesday afternoon bearing ice-cold treats and red-hot anger. “I am disgusted,” Ms. Raphael, 50, said as she walked toward a rally by Democrats railing against the decision. The decision upending abortion care in a critically important battleground state inspired passionate reactions from Arizonans across the political divide, ranging from elation to disgust. Many Democrats, moderate independents and some Republicans said the Arizona Supreme Court had gone too far. But it was far from clear Tuesday that the decision would tip the balance in the November presidential election.
Persons: Pam Raphael, , ” Ms, Raphael Organizations: Arizona State Capitol, Arizona Supreme Locations: Arizona
CNN —It generated little attention: another Russian assault in eastern Ukraine, across barren, pock-marked fields, met by determined, nimble resistance. But these frequent mechanized ground attacks by the Russians are like sand-blasting – eroding Ukrainian defenses in multiple spots along the frontlines. Yusov told CNN that recruitment in Russia continues, for contract soldiers, prisoners and international mercenaries. The Ukrainians won’t acknowledge such attacks but Yusov told CNN cryptically that refineries are military targets and “damage there is quite natural. Matthew Schmidt told CNN: “Whatever NATO can get to Ukraine is enough to stabilize its position, not to change it meaningfully.
Persons: Kateryna Stepanenko, Russia’s, , Narciso Contreras, Andriy Yusov, Kurt Campbell, Yusov, Matthew Schmidt, Oleksandr Syrsky, Ukraine “, , Nazar Volosyn, , Roman Pilipey, Putin, Jens Stoltenberg, Trump, what’s, Dmytro Kuleba, ” Kuleba, Andriі Kovalenko, Petr Pavel, Stepanenko, ” Stepanenko Organizations: CNN, Institute for, Russian, Anadolu, Getty, , Ukrainian Defense Intelligence, UK’s Defense Ministry, National Security Department, New Haven University, NATO, Ukrainian, Congress, National Security and Defense Council, European Union Locations: Ukraine, Russian, Tonenke, Donetsk, Washington, Karlivka, Russia, North Korea, Ukrainian, Chasiv Yar, Kyiv, AFP, Rostov, Czech, Europe
What to expect from the March jobs report
  + stars: | 2024-04-04 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +8 min
ET, when the Bureau of Labor Statistics releases its March jobs report. February brought the unemployment rate within spitting distance of 4%, rising to 3.9% from 3.7% in January. What could come from Friday’s jobs reportFebruary’s jobs report came as yet another surprise to economists. For instance, last month January’s job gains were revised down to 229,000 from the blowout 353,000 that kicked off 2024. The unemployment rate went up by half a percentage point from the post-pandemic low of 3.4% last April.
Persons: lockdowns, it’s, Michael Strain, , February’s, Andy Challenger, , Allison Joyce, Aaron Sojourner, they’ve, Sojourner, Luke Sharrett Organizations: New, New York CNN, Bureau of Labor Statistics, American Enterprise Institute, BLS, Federal, US, Challenger, , Department of Labor, Bloomberg, . Upjohn Institute, Employment Research, CNN, Federal Reserve, Getty Locations: New York, outplacement
But now, Amazon is walking back its “Just Walk Out” technology at its grocery stores, reining in grand promises of an automated, friction-less checkout. Customers just haven’t bought into cashier-less technology, especially in grocery stores where they purchase larger quantities and face extra tasks such as weighing produce. Customers entered Fresh stores using Amazon One palm recognition, the app or a credit or debit card. Amazon Fresh strugglesThe tech giant opened its first Amazon Fresh store in 2020, and has more than 40 locations across the US. But Amazon Fresh has faced setbacks since it debuted, including challenges getting shoppers to buy groceries in its Amazon Fresh grocery stores, and it laid off workers.
Persons: Amazon, haven’t, , they’ve, Andy Jassy, “ We’ve, Nathaniel Meyersohn, Moira Ritter Organizations: New, New York CNN, Amazon, Fresh, CNN, Dollar, Walmart, Costco, Foods Locations: New York, India, Washington, Chicago, Southern California
CNN —Botswana’s President Mokgweetsi Masisi has threatened to send 20,000 elephants to Germany amid a dispute over the import of hunting trophies. ”Twenty thousand elephants for Germany, this is not a joke,” Masisi told German tabloid Bild. Lenin Nolly/Sipa USA/AP/FileMasisi told Bild that Germany’s Green party could learn to cohabitate with elephants without hunting them. According to the ministry, Germany is one of the largest importers of hunting trophies in the European Union, and African hunting trophies already require import authorization under current rules. Trophy hunting does not come close to diminishing the elephant population, Masisi told broadcaster Sky News.
Persons: CNN —, Mokgweetsi Masisi, ” Masisi, , Steffi Lemke, Lenin, Masisi, , Murat Ozgur Guvendik, , ” Botswana’s, Botswana’s, Iris Throm, Mary Rice, Rice, Bild, you’d Organizations: CNN, Green, Getty, Botswana’s Ministry of Environment, Tourism, European Union, Germany’s Federal Agency for Nature, Environmental Investigation Agency, Sky News, Convention, International Trade, Fauna Locations: Germany, Berlin, Botswana, Masisi, Anadolu, Angola, Mozambique
CNN —Leah Remini is living the life she always wanted, and wants her followers to know that it’s “never too late” to pursue a dream. The “King of Queens” star shared on Thursday that she has earned an associate’s degree from New York University, and is currently working on achieving her bachelor’s degree. “Three years ago, I embarked on a terrifying journey: becoming a college student at the age of 50,” Remini wrote on X, formerly known as Twitter. “I desperately wanted a higher education for many years but didn’t move forward because I feared I was not smart enough,” Remini wrote on Thursday. I have read many of your comments and drawn inspiration from them,” the star wrote.
Persons: Leah Remini, , , Queens, ” Remini, Remini –, , Remini, I’ve, “ It’s Organizations: CNN, New York University, Twitter, of Scientology, NYU
CNN —A federal court said Thursday that it will allow a US House election in South Carolina for Republican Rep. Nancy Mace’s seat to proceed under a map it had previously declared unconstitutional. In a brief order, the judges in the case said they had little choice, given a fast-approaching deadline to prepare for the primary election for the state’s down-ballot contests. South Carolina officials appealed to the US Supreme Court, and the justices heard arguments in the case in October. They said they recognized that it’s unusual to allow an election to proceed under a map they had deemed invalid. Mace won reelection in 2022 by 14 points, after winning the seat under the previous map by a single point two years earlier.
Persons: Nancy Mace’s, , it’s, ” Mace, Catherine Templeton, Daniel Hanlon, Mace, Donald Trump, Trump, CNN’s Kate Sullivan, Andrew Menezes Organizations: CNN, Republican Rep, GOP, Congressional, Trump Locations: South Carolina, Charleston County, Carolina
The settlement, which is still subject to a judge’s approval, will eliminate the long-standing standard 6% commission paid by the seller. The NAR, which represents more than 1 million agents, declined to comment on whether home prices will fall as a result of the settlement. For instance, listing agents will likely continue to tell sellers that their homes will be sold faster if they pay for the buyer’s agent’s fee. That would increase how much they’re compensated since the total fee ends up getting split between listing agents and the buyer’s agents. NAR settlement or not, factors such as housing inventory, mortgage rates and consumer savings rates will “play much larger roles,” said Brobeck.
Persons: won’t, Kevin Sears, , Stephen Brobeck, ” Brobeck, , ” Tomasz Piskorski, Piskorski Organizations: New, New York CNN, National Association of Realtors, NAR, Consumer Federation of America, CNN, Columbia University Locations: New York, Missouri
WASHINGTON (AP) — Vice President Kamala Harris and rapper Fat Joe led a White House discussion Friday on easing marijuana penalties, with Harris saying it’s “absurd” that the federal government classifies marijuana as more dangerous than fentanyl, the synthetic opioid blamed for tens of thousands of deaths annually the United States. Fat Joe, a Grammy-nominated artist and philanthropist whose real name is Joseph Cartagena, moderated a subsequent closed-door discussion that included Kentucky Gov. President Joe Biden has issued pardons to thousands of people for federal marijuana possession and commuted long sentences handed down for nonviolent drug offenses. “Marijuana is considered as dangerous as heroin and more dangerous than fentanyl, which is absurd. Cartagena opened the roundtable by saying he's hot on the issue of price transparency in health care “but, today, when the vice president calls me, I stop everything."
Persons: Kamala Harris, Joe, Harris, it’s, Joseph Cartagena, Andy Beshear, Joe Biden, Beshear, Biden, , , ” Biden Organizations: WASHINGTON, , Kentucky Gov, Gallup, of Health, Human Services, Justice, Drug Locations: United States, California, Kentucky, U.S, America . U.S, Milwaukee, Cartagena
New York CNN —Lyft and Uber will stop offering services in Minneapolis on May 1 after the city council overrode the mayor’s veto of a minimum wage for rideshare drivers. The city council on Thursday voted 10-3 in favor of the override, allowing rideshare drivers to be paid the local minimum wage of $15.57 an hour. “Everyone wants to see Uber and Lyft drivers get paid more. However, the analysis Frey referred to showed lower numbers — $0.89 per mile and $0.49 per minute — to make minimum wage. Minneapolis is debating the minimum wage as gig workers across the country are advocating for fair wages and job benefits.
Persons: New York CNN — Lyft, Uber, Lyft, , it’s “, Jacob Frey, ” Frey, Frey, Tim Walz, ” Lyft, – CNN’s Jennifer Henderson, Ramishah Maruf Organizations: New, New York CNN, CNN, Twin, WCCO, Minnesota Gov, Democrat, Uber, New York City Locations: New York, Minneapolis, Twin Cities, Minnesota, California
CNN —President Joe Biden on Thursday said he believes it’s “vital” that US Steel remain American owned and operated, dealing a blow to the iconic company’s planned sale to Japan’s Nippon Steel. “It is important that we maintain strong American steel companies powered by American steel workers. I told our steel workers I have their backs, and I meant it,” Biden said in a statement. “US Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.”The Biden administration is concerned about some of Nippon’s assets in China, a person familiar with the administration’s thinking told CNN. After the Biden statement, the US Chamber of Commerce warned against politicizing the US Steel deal and said the transaction should proceed if the CFIUS review reveals no national security concerns.
Persons: Joe Biden, it’s, ” Biden, , Biden, Lael Brainard, Fumio, ” John Murphy, ” Michael Leiter, Skadden, Arps, ” Leiter, isn’t Organizations: CNN, US Steel, Japan’s Nippon Steel, Steel, Nippon, National Economic Council, Washington Post, Foreign Investment, Treasury, US Chamber of Commerce Locations: American, China, Pittsburgh, Washington, United States
New York CNN —Even as unemployment remains historically low and recession fears fade, consumer credit scores are starting to buckle. Although FICO scores remain near record highs — and well above pre-pandemic levels — this marks the first drop in a decade. FICO said the one-point drop in credit scores in late 2023 was driven by an increase in Americans missing payments and also by rising debt levels. However, he said this one-point drop in credit scores is not necessarily a red flag. “The overall outlook for consumer credit quality, and consumer spending growth,” Faucher said, “is still very solid.”
Persons: FICO, FICO’s, Arkali, , , ” Arkali, Banks, , Gus Faucher, Faucher, it’s “, ” Faucher Organizations: New, New York CNN, CNN, New York Fed, Federal Deposit Insurance Corporation, ’ Consumers, NY Fed, PNC Locations: New York
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