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Economists polled by Reuters expect headline consumer price inflation to ease to 0.1% from 0.3% last month, and core price inflation to remain steady on the month at 0.3%. Powell is likely to strike a relatively dovish tone at the press conference, however, given disappointing growth indicators since the last Fed meeting, Williams said. Japanese wholesale prices rose 2.4% in the year to May, Bank of Japan data showed on Wednesday, beating market forecasts for a 2% increase. The yen held steady at 157.16 per greenback after slipping to its lowest since June 3 at 157.40 the previous day. While Japan's central bank will likely discuss bond buying cuts to pre-empt yen selling pressure, dollar/volatility this week largely depend on Wednesday's U.S. CPI and Fed meeting, he added.
Persons: Jerome Powell's, Kieran Williams, Powell, Williams, Emmanuel Macron's, Sterling, Wei Liang Chang, bitcoin Organizations: U.S, Consumer, Fed, Reuters, Asia FX, InTouch, Bank of Japan, Bank of, DBS, CPI Locations: Czech, U.S, Asia, Bank of Japan
Thomas, 25, had in January filed legal paperwork against World Aquatics, swimming’s governing body based in Switzerland, for its policy that restricts transgender athletes from competing in most elite women’s aquatics competitions. It also said national federations don’t have the authority to modify the application of a world governing body’s rules. Rich von Biberstein/Icon Sportswire/AP/FileA few months later World Aquatics ratified its updated gender policy, which went into effect in March 2023, according to the 24-page arbitral award. USA Swimming is the national governing body for swimmers and a member of World Aquatics. In May 2022, Thomas told ABC’s Juju Chang, “It’s been a goal of mine to just swim at an Olympic trials for a very long time and I would love to see that through.”
Persons: Lia Thomas, Thomas ’, Thomas, Rich von Biberstein, ABC’s Juju Chang, “ It’s, Organizations: CNN, Sport, Aquatics, don’t, University of Pennsylvania, NCAA Locations: Switzerland, Berlin
Euro slips to one-month low as Macron calls French election
  + stars: | 2024-06-10 | by ( ) www.cnbc.com   time to read: +4 min
It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year. "But the exchange rate is still more likely to be influenced by this week's U.S. inflation data and FOMC meeting." The jobs data led traders to once again shift their expectations of when the Fed will cut rates and by how much. Markets are now pricing in 36 basis points of cuts this year compared to nearly 50 bps — or at least two cuts — before the jobs data. U.S. inflation data is also due on Wednesday.
Persons: Emmanuel Macron, Macron, Mansoor Mohi, Uddin, Ryan Brandham, Jerome Powell, Marc Chandler, Sterling Organizations: European Union, Federal Reserve, Bank Of Singapore, European Central Bank, Reuters, North America, Validus Risk, Bannockburn Global, The Bank of Japan Locations: European, Asia, France's, U.S, ., Bannockburn, New York
Members of the high school graduating class of 1974 in Moore, Okla., had taken their seats in the football stadium under darkening skies. The class president welcomed the crowd. Then the principal, looking out at the clouds, declared all the students graduates and told those in attendance to find shelter immediately. “The sky turned pea green, horrible clouds rolled in, and sirens started going off,” said Nuala Murray South, one of the graduates. Sterling Crim, another graduate, grabbed the hand of his girlfriend, LeAnn Boyd, and dragged her under the bleachers next to the brick wall of a concession stand.
Persons: Okla, , Nuala Murray, Sterling Crim, LeAnn Boyd Organizations: Sterling Locations: Moore
Check out new shows like "Becoming Karl Lagerfeld," "Fantasmas," and "The Acolyte" this week. Movies like "Hit Man" and "Am I OK?" download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere are a ton of new shows and a few new movies to check out this weekend. On the feature side, Netflix has the Glen Powell black comedy "Hit Man," while "Am I OK?"
Persons: Karl Lagerfeld, , Glen Powell, Dakota Johnson, Donald Sterling Organizations: Service, Netflix, Los Angeles Clippers, Business
Dollar finds footing as traders turn to U.S. services data
  + stars: | 2024-06-05 | by ( ) www.cnbc.com   time to read: +3 min
US Dollar notes and euro coins are arranged for a photograph on Sept. 11, 2017. The dollar steadied on Wednesday as traders pared back on riskier bets in emerging markets while waiting on an interest rate decision in Canada and on U.S. services data. Japanese real wages fell for a 25th straight month in April, data on Wednesday showed, as inflation outpaces nominal pay rises. The Swiss franc rose for a fourth straight session on the dollar overnight and at 0.8902 per dollar is close to breaking through its 200-day moving average. The New Zealand dollar was steady at $0.6173, while the Canadian dollar held the middle of a months-long range at C$1.3678 per dollar.
Persons: Jane Foley, Ryozo Himino, Narendra Modi, Chris Weston Organizations: Swiss, Bloomberg News, Bank of, Rabobank, BOJ, Westpac, New Zealand, African National Congress, Morena Locations: Canada, U.S, Bank of Japan, Asia, Japan, Morena
U.S. dollar drifts higher from multi-month lows, yen gains
  + stars: | 2024-06-04 | by ( ) www.cnbc.com   time to read: +2 min
Job openings, a measure of labor demand, were down 296,000 to 8.059 million on the last day of April, the lowest since February 2021. Market participants had their focus on the JOLTS data ahead of Friday's U.S. job report, which is expected to show 185,000 new jobs created in May, up from 175,000 in April. "Certainly we had the JOLTS data which was pretty weak. The JOLTS report followed data on Monday showing a second straight month of slowdown in manufacturing activity and an unexpected decline in construction spending. In afternoon trading, the dollar index was up 0.1% at 104.12, having fallen to its lowest since mid-April overnight at 103.99.
Persons: Eugene Epstein, Epstein Organizations: U.S, Swiss, Labor, Survey, Federal Reserve, North America, European Central Bank, Bank of Canada, BoC, BOC, ECB Locations: Friday's, Moneycorp, New Jersey
Learn moreThe complicated history behind the LA Clippers is finally getting the miniseries treatment with a new FX on Hulu series. Keep reading to learn everything you need to know about where to watch Clipped. Clipped tells the scandalous story of former Clippers owner Donald Sterling's (Ed O'Neill) reign. Keep reading to learn all of the details on Clipped, including what time new installments drop and how many episodes are expected this season. How to watch Clipped in the USNew episodes of Clipped are available to stream on Tuesdays at 12 a.m.
Persons: Donald Sterling's, Ed O'Neill, Doc Rivers, Laurence Fishburne, Donald, Shelly, Jacki Weaver, Stiviano, Cleopatra Coleman, Gina Welch, ExpressVPN Organizations: Business, LA Clippers, Hulu, Clippers, NBA, The Sterling Affairs, ESPN Locations: United States
The dollar posted its first monthly decline of the year in May, weighed down by shifting expectations on when the U.S. central bank will cut rates and by how much. Traders are now pricing in about a 53% chance of a rate cut in September, versus about 49% before the report. The dollar index , which measures the U.S. currency against six rivals, was 0.067% lower at 104.51 on Monday. Sterling was 0.04% higher at $1.27475, while the euro last fetched $1.085325 ahead of the European Central Bank policy meeting on Thursday when the central bank is seen as almost certain to cut rates. The comments from ECB officials will be in focus for traders along with economic projections as they assess whether the central bank will provide further cuts after Thursday in the wake of data showing a rise in euro zone inflation in May.
Persons: Brian Jacobsen, Sterling, Chris Weston, Tony Sycamore, Sycamore Organizations: Federal Reserve, Traders, Annex Wealth Management, European Central Bank, ECB, Japan's Ministry of Finance, U.S, IG Locations: Buenos Aires, Argentina, U.S, Tokyo
In ‘Clipped,’ Cleopatra Coleman Spreads Her Wings
  + stars: | 2024-06-03 | by ( Alexis Soloski | ) www.nytimes.com   time to read: +2 min
Cleopatra Coleman began with red, swirling it toward pink with a fine-tipped brush. An oval appeared on the paper, and then smaller marks joined it — ears, eyebrows, a line for a nose. “I always draw this woman,” Coleman said. “I don’t know why.”This was on a bright May morning and Coleman, a star of the FX limited series “Clipped,” premiering Tuesday on Hulu, was at Happy Medium, an art cafe around the corner from her temporary apartment in Greenpoint, Brooklyn. So this morning, on a day off from filming a new series, “Black Rabbit,” she had taken herself on a date.
Persons: Cleopatra Coleman, ” Coleman, , Coleman, George, , “ It’s, Donald Sterling Organizations: New York State Summer School, Arts, Los Angeles Clippers Locations: Hulu, Greenpoint , Brooklyn, Manhattan
Dollar steadies before inflation test; yen brushes off Tokyo CPI
  + stars: | 2024-05-31 | by ( ) www.cnbc.com   time to read: +4 min
The dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation data. The dollar index , which measures the currency against six major peers, consolidated around 104.82 after dipping as low as 104.63 overnight. Softer U.S. consumer price inflation data earlier in May rekindled rate cut expectations for this year, weakening the dollar across the board and setting it on track to post its first monthly losses in 2024. "All told, the Tokyo CPI leaves us confident that nationwide underlying inflation will fall below 2% as soon as July." Price data for the euro zone is due on Friday, following a stronger-than-expected April inflation reading for Germany on Wednesday.
Persons: John Williams, Matt Simpson, Index's Simpson, Marcel Thieliant, Sterling, bitcoin Organizations: Treasury, greenback, New York Fed, Index, PCE, Capital Economics, Japan's Ministry of Finance, Germany Locations: U.S, Tokyo, Asia
CNN —A Michigan State Police detective has been charged with murder after investigators say he fatally struck a fleeing suspect with an SUV last month near Grand Rapids, state prosecutors announced. Sterling fell to the ground and began yelling and groaning about pain in his back, body-worn police camera footage shows. Keely, 50, has been charged with one count of second-degree murder, which carries a life sentence, as well as an alternative charge of involuntary manslaughter, Michigan Attorney General Dana Nessel announced Tuesday. Brian Keely Michigan State Police)“Detective Sergeant Keely’s actions that day were legally, grossly negligent and created a very high risk of death or great bodily harm, which could have otherwise been prevented,” Nessel said. Keely was suspended from his position following the incident, Michigan State Police Director Col. James Grady II said last month.
Persons: Sgt, Brian Keely, Samuel Sterling, Sterling, Keely, Dana Nessel, ” Nessel, James Grady II, Grady, it’s, ” Grady, Ven Johnson, , , Marc Curtis, ” Johnson, Sterling “, ” Curtis Organizations: CNN, Michigan State Police, Michigan Department, Sterling, Brian Keely Michigan State Police, WWMT, Authorities, Marshall’s, Force Locations: Grand Rapids, Kentwood, Michigan, Burger
U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. The dollar soared to a two-week high against its major peers on Thursday, as a rout in Treasuries improved the currency's allure due to both higher U.S. yields and demand for safe haven assets. The bond market rout has spooked investors, with equities globally sliding sharply this week, spurring a rush to the safest assets. The yen , however, climbed off a four-week low of 157.715 per dollar from overnight to last trade at 157.505. "The bond market bogey is well-positioned to wrest deeper control of the broader market, particularly if upcoming growth and inflation data are on the firmer side of the ledger."
Persons: Tony Sycamore Organizations: Ministry of Finance, Bank of Japan, Reserve, IG Locations: Buenos Aires, Argentina, Treasuries, U.S
Dollar steady ahead of inflation data, yen wobbles
  + stars: | 2024-05-29 | by ( ) www.cnbc.com   time to read: +7 min
The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. The pound was 0.13% higher at 200.68 yen, the strongest since August 2008, while the euro touched a one-month high of 170.795 yen earlier in the session. The yen, which is sensitive to Treasury yields, is down 10% for the year against the dollar but may yet scrape a monthly gain in May.
Persons: Sterling, Christopher Wong, Prashant Newnaha Organizations: U.S, Australian, FX, TD Securities Locations: U.S, Tokyo, Asia
Dollar ebbs as markets await key global inflation reports
  + stars: | 2024-05-28 | by ( ) www.cnbc.com   time to read: +3 min
In this photo illustration, a person is seen holding 100, 50, and 5 U.S. dollar bills in his hand. The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. The euro was a touch firmer at $1.0860 despite some dovish comments from European Central Bank policymakers on Monday and data showing German business morale stagnated in May. Down Under, the Aussie edged 0.03% higher to $0.6657, with the country's monthly consumer price index data also due on Wednesday. BOJ Governor Kazuo Ueda said on Monday the central bank will proceed cautiously with inflation-targeting frameworks, noting that some challenges are "uniquely difficult" for Japan after years of ultra-easy monetary policy.
Persons: Rodrigo Catril, Sterling, NAB's, Kazuo Ueda, bitcoin Organizations: U.S, European Central Bank, ECB, National Australia Bank, New Zealand, Down, Bank of Japan Locations: Asia, Britain, United States, U.S, Tokyo, Japan
Two-time NBA champion Bill Walton dead at 71
  + stars: | 2024-05-27 | by ( Corky Siemaszko | ) www.cnbc.com   time to read: +1 min
LOS ANGELES, CALIFORNIA - APRIL 20: Bill Walton attends a basketball game between the Los Angeles Clippers and the Phoenix Suns at Crypto.com Arena on April 20, 2023 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images)Two-time NBA champion Bill Walton died after a "prolonged battle with cancer," the league announced Monday. Walton, who was 71, was with his family when he passed, NBA spokesperson Mark Broussard said in a statement. "Bill Walton was truly one of a kind," NBA Commissioner Adam Silver said in a statement. Walton is survived by his wife, Lori, and his sons Adam, Luke, Nate and Chris, according to the NBA.
Persons: Bill Walton, Allen Berezovsky, Walton, Mark Broussard, Adam Silver, Silver, Lori, Adam, Luke, Nate, Chris Organizations: Los Angeles Clippers, Phoenix Suns, Crypto.com Arena, NBA, Fame, Portland Trail Blazers, Boston Celtics Locations: ANGELES , CALIFORNIA, Los Angeles , California
Labour leader Tony Blair arriving in Downing Street after his election victory with crowds waving flags in the background, 2nd May 1997. The more domestically-oriented FTSE 250 has tended to outperform the FTSE 100 following elections, with stronger outperformance following Labour victories, it said. Leon Neal | Getty Images News | Getty ImagesAccording to Capital Economics, the U.K. stock market has faltered on five occasions under past Labour governments. Higgins also observed that the relative performance of U.K. stocks has "generally been underwhelming since 2010," when the Conservatives took office. Three could be attributed to the "unsustainability of fixed exchange rate regimes" between the 1930s and 1970s, one to the Great Financial Crisis, and the fifth to the 1976 Debt Crisis, he said.
Persons: Tony Blair, Jeff, Rishi Sunak, Rachel Reeves, Sir Keir Starmer, Angela Rayner, Leon Neal, John Higgins, Higgins, Labour's, Keir Starmer, Reeves, Venkatakrishnan, Liz Truss, Sunak Organizations: BBC News, Current Affairs, Labour Party, Labour, Conservative Party, Citi, Conservative, Centre, Getty, Capital Economics, Conservatives, Shadow, Economic, Barclays, C.S, CNBC Locations: Downing, Purfleet, United Kingdom, Davos
Dollar firm ahead of global inflation data
  + stars: | 2024-05-27 | by ( ) www.cnbc.com   time to read: +4 min
The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. The euro , which gained 0.9% on the dollar last week, was in the middle of a range it has held for more than a year at $1.0846. German inflation on Wednesday and euro zone readings on Friday will be watched for confirmation of a European rate cut that traders have priced for next week. The dollar had fallen back after data showed a slowdown in consumer price rises in April and disappointing retail sales, before strengthening last week thanks to better-than-expected PMI survey data. China's yuan finished last week weaker than 7.24 per dollar, its lowest level since early May.
Persons: Sterling, Bob Savage, BNY, China's, Scott Gold, would've, Justin D'Anethan Organizations: New, U.S, Federal, Swiss, Tokyo CPI Locations: Britain, United States, U.S, Asia, New York
CNN —Say what you want about Jennifer Lopez, but streaming algorithms surely love her, which accounts for her parade of recent movies – “The Mother” (Netflix), “Shotgun Wedding” (Amazon) and “Marry Me” (Peacock), all in the last two years. Add to that “Atlas,” a nonstop sci-fi action movie that basically gets the job done with a plot that recalls Disney’s “Big Hero 6,” just with a lot more cursing. Atlas must then team up with another AI robot (voiced by Gregory James Cohan) in order to survive. Netflix continues to lay down expensive bets on genre movies, with Zack Snyder’s two-part “Rebel Moon” among the more prominent recent examples. For her part, Lopez steps into a slightly different role – and wisely away from another rom-com – in her dual capacity as producer and star.
Persons: Jennifer Lopez, , Disney’s, Atlas Shepherd, Harlan, Simu Liu, Gregory James Cohan, Mark Strong, Sterling K, Brown, Lopez, Brad Peyton –, Dwayne Johnson, Andreas ” –, Zack Snyder’s, it’s Organizations: CNN, Netflix, Sterling,
Dollar holds firm as traders trim U.S. rate cut bets
  + stars: | 2024-05-24 | by ( ) www.cnbc.com   time to read: +3 min
"The carry of holding dollars is far juicier," he said, while policymakers' rhetoric has also made traders nervous about inflation and the risk rate cuts would be distant or small. Traders have pushed out the timing of the first Fed rate cut to December. Thursday's business surveys from S&P Global supported the conviction among many traders that the Fed may keep rates higher for longer. But not for traders who are positioned for Fed cuts. Rates markets still price a near 90% chance the ECB cuts rates next month.
Persons: Martin Whetton, Matt Simpson, Sterling, Christopher Waller Organizations: U.S, Westpac, Federal, Traders, P Global, European Central Bank, Federal Reserve Locations: Sydney
Dollar hovers near highest in a week after hawkish Fed minutes
  + stars: | 2024-05-23 | by ( ) www.cnbc.com   time to read: +3 min
The yen l anguished just above a three-week low despite the continued threat of intervention by Japanese officials. The dollar index, which tracks the currency against six major rivals including the euro , sterling and yen, was little changed at 104.89 after gaining 0.28% overnight. The dollar was little changed at 156.77 yen after rising to 156.85 overnight, the highest since May 1. Traders and analysts suspect Japan's Ministry of Finance intervened several times to support the yen following its plunge to a 34-year low of 160.245 per dollar on April 29. Bigger rival bitcoin was little changed at $69,491 after reaching $71,957 on Tuesday for the first time since April 9.
Persons: Sterling, Ether, James Kniveton, Japan's, Rishi Sunak, bitcoin Organizations: Bank of Japan, Reserve, Federal, Traders, of Finance, Bank of England, Conservatives, Labour Party, Labour, Securities
Louisville police released two videos Thursday showing some of the arrest of star golfer Scottie Scheffler last week and announced the detective who arrested him was disciplined for not turning on his body-worn camera at the time. The Louisville Metro Police Department released video from a police dashcam showing two officers escorting a handcuffed Scottie Scheffler last Friday. Our position is the same as it was last Friday: Scottie Scheffler didn’t do anything wrong. What we know about the arrestDespite the arrest, Scottie Scheffler finished the PGA Championship tied for 8th place. The officer, identified as Gillis, stopped Scheffler and “attempted to give instructions,” the report states.
Persons: Scottie Scheffler, dashcam, Scheffler, Steve Romines, We’re, it’ll, Scottie, Prosecutors, , Josh Abner, ” Scheffler, teed, Charles Schwab, Louisville’s, Bryan Gillis, Gillis, Jacquelyn Gwinn, Villaroel, , Craig Greenberg, Michael Reaves, Romines, Scheffler “, ESPN’s Jeff Darlington, ” Darlington Organizations: Louisville, Police, PGA, Valhalla Golf Club, Louisville Metro Police Department, Louisville Metro Police Department Scheffler, Scheffler, CNN, ” Police, Louisville Metro Police, ESPN, Darlington Locations: Louisville, Jefferson County, Jefferson, Fort Worth , Texas, Valhalla
“I’ve known him for seven years,” the two-time NFL MVP said after the team’s organized team activities (OTA’s). Mahomes, 28, reiterated that he didn’t “necessarily agree” with what was said when asked what part of Butker’s speech he disagreed with. Mahomes said Butker is a “good person” despite “not necessarily agreeing” with his comments. “Everybody is from different areas, different religions, different races and we all get along. “Harrison Butker gave a speech in his personal capacity.
Persons: Patrick Mahomes, Harrison Butker, Mahomes, , ” Mahomes, “ We’re, , , Taylor Swift, “ I’m, I’m, Andy Reid, Butker, Ryan Kang, ” Reid, Reid, Roger Goodell, ” Goodell, “ Harrison Butker, Jonathan Beane Organizations: CNN, Kansas City Chiefs, Benedictine College, ” Chiefs, National Football League’s, NFL Locations: Atchison , Kansas, Nashville, America
CNN —Manchester United striker Marcus Rashford is one of the most prominent players left out of England’s provisional squad for the upcoming European Championships. On Tuesday, England manager Gareth Southgate announced a 33-man squad which will be whittled down to 26 players for the continental tournament beginning on June 14 in Germany. Rashford, 26, has featured in 60 England games, scoring 17 goals. However, he has struggled for form at club level this season, scoring just eight goals in 42 appearances for United. With Marcus I just feel other players in that area of the pitch have had better seasons,” Southgate told reporters.
Persons: Marcus Rashford, Gareth Southgate, Marcus, ” Southgate, Rashford, Gareth, Jordan Henderson, Reece James, Raheem Sterling, Southgate, Alex Grimm, Henderson, Al Ettifaq, “ Henderson’s, , Kobbie Mainoo, Harry Maguire, Luke Shaw, Harry Kane, Madrid’s Jude Bellingham, Phil Foden, Curtis Jones, Jarell, Crystal Palace’s Adam Wharton, Everton’s Jarrad Branthwaite, James Trafford Organizations: CNN, Manchester United, United, England, , Liverpool, Ajax, Chelsea, Saudi, Arsenal, Bukayo Saka, Burnley Locations: England, Germany, Saudi Arabian, Madrid’s, Manchester, Southgate, Italy
We've got you covered if you're looking for how to score tickets to Tate McRae's 2024 Think Later World Tour. Tate McRae 2024 tour scheduleWith over 20 concerts already down, Tate McRae still has more than 40 shows left in her 2024 world tour. How to buy tickets for Tate McRae's 2024 concert tourYou can buy original tickets to Tate McRae's Think Later World Tour on Ticketmaster and Live Nation. Tate McRae tickets are also available to purchase through verified resale ticket vendors such as StubHub and Vivid Seats. The opening act for Tate McRae's 2024 tour dates in Asia has not been announced yet.
Persons: Tate McRae, McRae, She'll, We've, Irving, Rogers, Tate, Presley, she'll Organizations: Business, Tate, Boston, New, Ticketmaster, North Locations: Dublin, Ireland, Europe, North America, Asia, Oceania, Wellington , New Zealand, U.S, Madrid, Spain, Lisbon, Portugal, Calgary, AB, Canada, Woodinville, WA, San Francisco, Los Angeles, CA, Phoenix, AZ, Austin, Houston, Cincinnati, Toronto, ON, Sterling Heights, MI, Maryland, Minneapolis, Chicago, Nashville, TN, Indianapolis, Boston, Uncasville, Washington, Philadelphia, Raleigh, NC, Atlanta, Holmdel, NJ, New York City, NY, Tokyo, Japan, Singapore, Bangkok, Thailand, Quezon City, Philippines, Perth, Australia, Brisbane, Sydney, Adelaide, Melbourne, Auckland , New Zealand
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