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☆ Investors just got an inflation wakeup call. Will they answer?
▼ + stars: | 2024-07-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Inflation rates in Canada, the EU and Australia have popped higher in recent months. But that disconnect appears to be fading as inflation rates in the US continue to ease. The US also had a recent scare as inflation rates ticked higher. But after a year of the Fed holding interest rates steady at a 23-year high, inflation rates in the United States are once again declining. High inflation readings around the globe are concerning investors, José Torres, senior economist at Interactive Brokers, told CNN.

Persons: ”, Brent Schutte, Schutte, José Torres, Torres, payrolls, Chewy, Keith Gill, Krystal Hur, Gill, Ryan Cohen, Jordan Valinsky, CSSE Organizations: CNN Business, Bell, New York CNN, EU, Federal, Federal Reserve, Bank of Canada, Northwestern Mutual Wealth Management, Interactive Brokers, CNN, Investors, Bank for International, BIS, Securities, Exchange, GameStop, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Canada, Australia, United States, Europe, Redbox

☆ France’s Snap Elections: What to Watch For
▼ + stars: | 2024-06-30 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

Voters are choosing their 577 representatives in the National Assembly, the country’s lower and more prominent house of Parliament, which will determine the future of Mr. Macron’s second term. A new majority of lawmakers opposed to Mr. Macron would force him to appoint a political opponent as prime minister, radically shifting France’s domestic policy and muddling its foreign policy. Mr. Macron, who has ruled out resigning, cannot call new legislative elections for another year. France’s nationalist, anti-immigrant National Rally party is widely expected to dominate the race. Mr. Macron’s centrist Renaissance party and its allies are expected to lose many seats.

Persons: Emmanuel Macron, Macron’s, Macron Organizations: National Assembly, National, Renaissance Locations: France

☆ Airlines got too confident, and now they are paying the price despite record-breaking travel
▼ + stars: | 2024-06-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Expensive fuel, maintenance, and labor don't help, nor do unpredictable setbacks outside the airline's control, like pandemic travel bans and production slowdowns at planemaker Boeing. But across the industry, many airlines are struggling to turn profits thanks to issues like overcapacity, unrelenting competition, and unexpectedly high costs, according to experts. Boeing delivery delays have eaten into profitsHarteveldt said Boeing's ongoing delivery delays have cost airlines like American, Southwest, and United millions of dollars. Airlines are plagued by high costs in an extremely competitive industryNearly everything is more expensive than it was before the pandemic, and airlines are no exception. For low-cost carriers like Frontier and Spirit, these high costs make it challenging to make money, Kraemer said.

Persons: —, Henry Harteveldt, Scott Olson, Robert Isom, Bob Jordan, Harry Kraemer, Kraemer, You've, you've, Harteveldt, Joe Raedle, they've, Stephen Brashear, Eric Glenn, Shutterstock Harteveldt Organizations: Service, planemaker Boeing, Business, International Air Transport Association, —, Airlines, Getty, Reuters, Southwest, Elliott Investment Management, Baxter International, Corporations, Google, Spirit, Frontier, Boeing, JetBlue Airways, Airbus, Bureau of Labor Statistics Locations: Delta, United

☆ His wife died. Then he unexpectedly found a second chance at love on vacation
▼ + stars: | 2024-06-28 | by ( Francesca Street | ) edition.cnn.com time to read: +14 min

“This was no normal train,” John recalls. Back home in the UK, John thought about Judy fondly from time to time. In the UK, John’s friends loved it when this glamorous American woman visited town. John Nears and Judy CurtisAs John and Judy haven’t been able to meet this year, they’ve both been spending time reflecting on past adventures. Thinking back on his life, John says he feels inordinately lucky to have enjoyed two great love stories.

Persons: John’s, Pam, “, ” John, John, Chris, marveling, Judy Curtis, Judy Malody, Judy, they’d, John –, ”, –, “ I’d, Coast –, Judy Curtis Judy, John she’d, she’d, ‘, ’ ”, Jack, She’d, “ Judy, Judy Curtis John, Madeira’s, who’d, Peru –, “ John, It’s, Judy doesn’t, he’s, “ We’ve, ’ John, Judy Curtis It’s, Cunard Queen Mary, she’s, “ It’s, Judy haven’t, they’ve, ” John’s, you’ve, who’ve, Pam’s Organizations: CNN, CNN Travel, Orient Express, Coast, San Diego International, San Diego, ”, “, Health Locations: South America, England, Bolivia, Peru –, Cusco, Puno, “, Peru, San Diego , California, New York, California, West Coast, United States, East Coast, San Diego, Madeira, Funchal, Istanbul, Turkey, British, ”, Antarctica, Yosmite , California, Iceland, Kenya, Tanzania

☆ Boeing, NASA consider extending astronauts’ Starliner mission up to 3 months
▼ + stars: | 2024-06-28 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

Setbacks in orbitSeveral more helium leaks were identified while the craft was en route to the International Space Station along with the thruster issues. That’s why Boeing and NASA teams then chose to leave the Starliner spacecraft safely docked with the space station while they worked to learn as much as possible about those issues. The first Starliner test mission took place without a crew in December 2019. That’s at the core of the mysteries Boeing and NASA are seeking to unravel during the Starliner spacecraft’s extended mission. Extended stays in spaceIt’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months.

Persons: CNN —, —, Suni Williams, Butch Wilmore, Steve Stich, “, ” Stich, what’s, ” “ We’re, Stich, Mark Nappi, Nappi, whittle, ” Nappi, ‘, ’ —, Williams, “ We’ve, ”, That’s, Frank Rubio Organizations: CNN, International Space Station, Boeing, NASA, Space, Atlas, International Space, SpaceX, Cargo, Space Station, Astronauts Locations: New Mexico, Russian

The third quarter starts on Monday with corporate earnings trends largely intact, but showing early signs of trouble in tech land. The good news: for the big-cap tech companies that are truly dominating the market ( Apple , Microsoft , Alphabet , Nvidia , etc.) Still no recession, in the economy or in earnings So far, we have a deceleration in big-cap tech earnings and clear signs the consumer wants lower prices. Earnings trends for tech may still be rising (even if it is decelerating), but the rest of the market is generally flattish on earnings. Earnings: rising Positive Tech earnings: rising but decelerating Negative Job growth: strong but moderating Positive Interest rates: moderating Positive Inflation: moderating Positive Consumer: increasingly cautious Negative

Persons: Jensen, Nick Raich, it's, Raich, Lori Calvasina, We've, I've, you've, Levi Strauss, General Mills, Tim Wentworth, Taco Bell, Mills Organizations: Apple, Microsoft, Nvidia, Big, Meta, Jensen Huang's, Scout, U.S, Equity, RBC Capital Markets, CNBC, Nike, Walgreens, Micron, FedEx, General, . Companies, Southwest Airlines, Pool Corp, Urban Outfitters, Yum Brands

☆ Asteroid Bennu has a surprisingly watery past, researchers say
▼ + stars: | 2024-06-27 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —An early analysis of a sample collected from the asteroid Bennu suggests that the space rock had an unexpectedly water-rich past — and it may have even splintered off from an ancient ocean world. But the compound from the Bennu sample is purer and has larger grains. Rocks and dust were collected from asteroid Bennu and returned to Earth by the OSIRIS-REx mission. Erika Blumenfeld/Joseph Aebersold/NASA“The sample we returned is the largest reservoir of unaltered asteroid material on Earth right now,” Lauretta said. “Each week, analysis by the OSIRIS-REx Sample Analysis Team provides new and sometimes surprising findings that are helping place important constraints on the origin and evolution of Earth-like planets.”

Persons: REx, ”, Jason Dworkin, OSIRIS, Connolly, Dante Lauretta, “, Erika Blumenfeld, Joseph Aebersold, ” Lauretta, Nick Timms, Harold Connolly Jr Organizations: CNN, NASA, Planetary, Goddard Space Flight, Japan Aerospace, Earth, University of Arizona, Bennu, Curtin University’s School of, Planetary Sciences, Rowan University’s School of Earth Locations: Greenbelt , Maryland, Tucson, Glassboro , New Jersey

☆ US new home sales plunged unexpectedly last month
▼ + stars: | 2024-06-26 | by ( Bryan Mena | ) edition.cnn.com time to read: +2 min

Washington CNN —Sales of newly built homes dropped last month as mortgage rates remained elevated. New home sales, which make up only about 10% of the market, fell 11.3% in May from the prior month, to 619,000, according to government data released Wednesday. That was the steepest monthly decline since September 2022 and marks the lowest level since November. Mortgage rates soared to the highest level of the year in early May and have since trended down. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB chairman Carl Harris said in a release.

Persons: That’s, “, ”, Carl Harris Organizations: Washington CNN —, Federal, National Association of Home Builders, Housing, “ Locations: Wells Fargo

☆ 911 call logs for Tesla's HQ reveal reports of 'terroristic' threats and attempted extortion
▼ + stars: | 2024-06-26 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +14 min

"Wire $300,000 dollars to bitcoin account within 12 hours," the email to Kirkhorn added, according to the incident report. The case was ultimately suspended and no arrest was ever made, according to the incident report and Dark. AdvertisementSome Tesla workers told BI that tight production deadlines and the intensity of the work could sometimes create a high-pressure environment. We were just standing outside the building waiting to go back to work," one worker, who was there during the ordeal, told BI. The sheriff's office told local news at the time that the building was cleared and there was "nothing to substantiate the presence of a shooter at all."

Persons: —, Elon Musk, Musk, Tesla, Zachary Kirkhorn, Zachary Kirkhorn —, Austin Gigafactory, Kirkhorn, Travis, Kristen Dark, SUZANNE CORDEIRO, Austin, Joe Biden, Justin Mathew McCauley of, McCauley's, McCauley, Justin Sullivan, they'd, Apu Gomes, X, Mark Zuckerberg, Zuckerberg, Meta, Sheryl Sandberg, John Lennon Organizations: Service, Business, Securities, Exchange Commission, BI, YouTube, Tesla's, Tesla, Street Journal, Office, Musk, FOX, Austin, Factory, Getty, Elon, SEC, Meta, Twitter, BBC Locations: Austin, Travis, Texas, Nigeria, Justin Mathew McCauley of Minnesota, Minnesota, Fremont , California, Tesla's, Sparks , Nevada, Nevada

☆ This stock is 'one of the cheapest ways' to play India's infrastructure boom, fund manager says
▼ + stars: | 2024-06-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Causeway Capital Management's Arjun Jayaraman is bullish on one pure-play infrastructure stock: REC , a company which issues loans to power utilities and to other infrastructure. "It is one of the cheapest ways to play infrastructure," the portfolio manager told CNBC Pro Talks last week. Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund . Though he called the Indian market a "very strong growth story," he said he would focus on its small- to mid-cap segment. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be.

Persons: Arjun Jayaraman, Jayaraman, Narendra Modi Organizations: Investments, CNBC, International, REC, Markets Fund, Fund Locations: India, bullish

☆ Why Europe’s youth are flirting with the far-right
▼ + stars: | 2024-06-25 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

In this month’s European Parliament elections, far-right parties performed predictably well – but especially, and unexpectedly, among young people. Far-right parties enjoyed a similar uptick in support in the Netherlands, Spain, Portugal, Austria, and continued to do well in Italy. Gonzalo Fuentes/ReutersBut young voters appear less concerned by these roots, says Simon Schnetzer, author of a recent survey of Germany’s youth. But the burst in support for far-right parties could spell a darker trend. This success of far-right parties should be a warning to Europe’s mainstream.

Persons: CNN — Pollsters, “, –, ”, Roberto Foa, ” Foa, “ I’m, Alice Weidel, Tino Chrupalla, Annegret Hilse, You’d, Le Pen, Donald Trump, Emmanuel Macron, Jordan Bardella, Arthur Prevot, Macron’s, Prevot, Macron, Jonathan Verbeken, Gonzalo Fuentes, Simon Schnetzer, “ Young, Lee Heinrichs, ” Heinrichs, Ursula von der Leyen, Maximilian Krah, ” Nigel Farage, Maja Smiejkowska, Nigel Farage –, Farage, Andrew Tate, emasculated, Tate –, Tate, shouldn’t, vociferously, Foa Organizations: CNN, Centre, Democracy, University of Cambridge, National, Confederation, Reuters, White House, German Green Party, Greens, Reform UK Locations: United States, United Kingdom, Brussels, Europe, Germany, Poland, Netherlands, Spain, Portugal, Austria, Italy, Berlin, Britain, Jordan, Paris, France, Paris ’, Marseille, Ukraine, Syria, Sylt, Deutschland, London, Romania

☆ Ford recalling 550,000 trucks that can suddenly downshift
▼ + stars: | 2024-06-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —Ford is recalling more than 550,000 F-150 pickups in the United States because of an issue that can cause the transmission to suddenly and unexpectedly, at any speed, shift down to first gear. Before that happens, a malfunction indicator light in the truck’s gauge cluster may turn on Ford spokesperson Maria Buczkowski said in an email to CNN. To fix the problem, Ford dealers will update the trucks’ control module software at no cost to the owner. Ford will start mailing letters to owners of the trucks involved in a few days. A new software update to fix the 2014 trucks will be ready sometime in the next three months, Buczkowski said.

Persons: CNN — Ford, Maria Buczkowski, Ford, Buczkowski Organizations: CNN, Ford Locations: United States

☆ CDC issues dengue fever alert in the U.S.
▼ + stars: | 2024-06-25 | by ( Nicole Acevedo | ) www.cnbc.com time to read: +2 min

The alert comes as an unexpectedly higher number of dengue fever cases have been reported across the nation, according to the CDC. The CDC reported 3,036 dengue cases last year in the U.S. and its territories. This year, the incidence of dengue fever globally has been the highest on record, especially in Latin American countries, where more than 9.7 million dengue cases have been reported. A person can get sick with dengue fever up to four times in their lifetime — once for each type of virus that can cause the disease, according to the CDC. The latest CDC alert advises health care providers to have increased suspicion of dengue among people with fever, especially if they have recently been in areas with frequent dengue transmission.

Persons: That's, They're, it's Organizations: Disease Control, CDC Locations: Brazil, United States, U.S, Puerto Rico

☆ Jude Law and Alicia Vikander Talk Smells, Sex Scenes in 'Firebrand'
▼ + stars: | 2024-06-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +14 min

AdvertisementIn a joint interview, the two discuss what it was like making "Firebrand," from working with Law's decaying-body perfume to the movie's unexpectedly "hilarious" sex scenes. Jude Law and Alicia Vikander in "Firebrand." Jude: I use it quite a lot because, as Alicia said, it's a really good way of... You've got to step into these characters every day. There are a lot of frankly kind of gross sex scenes that really drive home just the unbalanced, fraught nature of Henry and Katherine's relationship. Jude Law and Alicia Vikander in "Firebrand."

Persons: Jude Law, Count Alexei Alexandrovich Karenin, Joe Wright's, Anna Karenina, Alicia Vikander, —, Oscar, Kitty, Karim Aïnouz's, King Henry VIII's, Katherine Parr, Parr, Anne Boleyn, she's, Karim, Law, Katherine, Larry Horricks Jude, Alicia, Jude, I'd, Joe Wright, it's, You've, Henry, that's, Larry Horricks, I've, would've, there's, Everyone's, Vikander, Ripley, Irma Vep, you'll, Raff, Monica Schipper, John Nacion, WireImage Jude, Glen Powell, It's Organizations: Business, Law, Netflix Locations: South Africa

☆ Barcelona ending apartment rentals by foreign tourists
▼ + stars: | 2024-06-24 | by ( ) edition.cnn.com time to read: +3 min

The city’s leftist mayor, Jaume Collboni, said that by November 2028, Barcelona will scrap the licenses of the 10,101 apartments currently approved as short-term rentals. The boom in short-term rentals in Barcelona, Spain’s most visited city by foreign tourists, means some residents cannot afford an apartment after rents rose 68% in the past 10 years and the cost of buying a house rose by 38%, Collboni said. Local governments have announced restrictions on short-term rentals in places such as Spain’s Canary Islands, Lisbon and Berlin in the past decade. Vacation rentals platform Airbnb, which hosts a significant number of Barcelona listings, did not immediately respond to a request for comment. “Collboni is making a mistake that will lead to (higher) poverty and unemployment,” Barcelona’s tourist apartments association APARTUR said in a statement, adding the ban would trigger a rise in illegal tourist apartments.

Persons: Jaume Collboni, ” Collboni, Spain’s, Collboni, Isabel Rodriguez, “, ”, APARTUR Organizations: CNN —, Barcelona Locations: CNN — Barcelona, Spanish, Barcelona, Spain, Europe, Islands, Lisbon, Berlin

☆ My mom died when I was 8, and my mom's sister adopted me at 12. I got a second chance at being part of a family.
▼ + stars: | 2024-06-22 | by ( Isabella Ambrosio | ) www.businessinsider.com time to read: +5 min

Once in the custody of DCFS, I was diagnosed with major depressive disorder, generalized anxiety disorder, and post-traumatic stress disorder. After a month in the custody of the state, my maternal aunt, Elizabeth, was granted guardianship when I was 12 years old. Isabella Ambrosio's adopted mom Elizabeth, left, and mom, right. And I realized then that all I'd needed was for her to acknowledge that my mom was still my mom and that she could never be replaced. Calling Cary and Elizabeth "Mom" and "Dad" felt quite natural afterward.

Persons: DCFS, Elizabeth, Isabella Ambrosio's, Isabella Ambrosio I, John, Cary, Tim, we'd, didn't, Cary —, I'd, Isabella Ambrosio, Elizabeth ., Isabella Ambrosio She, I'm, hasn't Organizations: Service, Department of Children, Family Services Locations: Ireland, Illinois, Tennessee

☆ She got on a flight to visit her boyfriend. Then she kissed a stranger she met on the plane
▼ + stars: | 2024-06-21 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

An airplane encounterAmy and Mike met on March 23, 2006, on an airplane about to depart Los Angeles International Airport. But then Mike apologized – half jokingly, half sincere – for ruining Amy’s flight. First in the coffee line, and later as they walked through the airport, Amy and Mike continued chatting. Mike didn’t want Amy to leave, but Amy wasn’t going to abandon a great career opportunity. Later this year, Amy and Mike hope to take their kids to Japan – an 11 hour plus flight from LAX.

Persons: Amy Osmun, she’d, Mike Gilberstadt, They’d, Amy, Mike, “, ”, wasn’t, Mike couldn’t, dietician, She’d, sauntering, Mike —, –, Mike –, Mike’s, I’d, he’d, Amy marveled, Mike didn’t, Amy wasn’t, ” He’s, Amy Gilberstadt “, Valentine, Amy Gilberstadt, ” Amy, “ I’d, I’ve, I’m, “ You’re, Barbies, ‘ I’ve, ” “, Amy’s, “ We’re, they're, Kelli Gase, they’ve Organizations: CNN, CNN Travel, Los Angeles International Airport, California State University, Amsterdam Schipol Airport, LAX, Scotland, TiVo, . Locations: Amsterdam’s, Scotland, Greece, Southern California, Amsterdam, California, Mike’s, Orange County, San Diego, Venice, Italy, Ireland, Hong Kong, India, Japan, China, Australia, New Zealand, Tahiti, United Kingdom, Alaska, Vermont

☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ Be careful what you wish for: The S&P 500 typically falls after the first rate cut
▼ + stars: | 2024-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

On average, the S & P 500 is usually up 2% 65 days before the first cut from the central bank following a hiking cycle, according to data from Strategas. But it's usually down by 1.5% 65 days after that initial rate reduction, implying that stocks may not be off to the races after the big announcement. In 1974, for example, the S & P 500 was down more than 8% in the 65 days prior and off by more than 25% in the same period following the cut. But in 1989, the broad index was up more than 12% in the 65 days preceding the rate reduction and still higher by more than 9% in the period after. Fed funds futures indicate a chance of at least one rate cut as early as September, with the potential for a second at the last meeting of the year in December, according to CMEGroup's FedWatch tool .

Persons: Ryan Grabinski, Chris Zaccarelli, Grabinski Organizations: Federal Reserve, Fed, Independent

☆ The Housing Market Is Weird and Ugly. These 5 Charts Explain Why.
▼ + stars: | 2024-06-20 | by ( Ben Casselman | ) www.nytimes.com time to read: +1 min

Higher rates made homes harder to afford, but Americans still wanted to buy them. The result is a housing market that is different, and stranger, than the one described in economics textbooks. And some seem perched on a precipice, at risk of tumbling if rates stay high too long or the economy weakens unexpectedly. People who locked in low rates before 2022 have, in most cases, had their home values soar but have been insulated from higher borrowing costs. Those who didn’t already own, on the other hand, have often had to choose between unaffordable rents and unaffordable home prices.

Organizations: Federal Reserve

☆ Boeing Starliner: Two astronauts wait to come home amid spacecraft issues
▼ + stars: | 2024-06-19 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

Spaceflight veterans Suni Williams and Butch Wilmore arrived at the space station aboard the Starliner on June 6. It’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months. But the situation makes for a moment of uncertainty and embarrassment that joins a long list of similar blunders by the Boeing Starliner program, which is already years behind schedule. The Starliner spacecraft on NASA's Boeing Crew Flight Test is pictured docked to the Harmony module's forward port on June 13 as the International Space Station orbited 262 miles above Egypt's Mediterranean coast. The first Starliner test mission, flown without crew in late 2019, was riddled with missteps.

Persons: CNN —, Suni Williams, Butch Wilmore, Williams, Wilmore, it’s, “, ”, Steve Stich, Mark Nappi, It’s, Stich, Starliner, Wilmore —, Robert Behnken, Douglas Hurley, Joel Kowsky, Bob Behnken, Doug Hurley —, Hurley, Behnken’s, ” Stich, Michael Lembeck, Lembeck, —, Dragon, ” Lembeck, ” Nappi, “ Everything’s, ” Williams Organizations: CNN, NASA, International, Spaceflight, Boeing, NASA's Boeing, Harmony, SpaceX, International Space, University of Illinois Locations: firma, University of Illinois Urbana, Champaign

☆ Retail sales rose less than expected in May
▼ + stars: | 2024-06-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +1 min

Washington CNN —Sales at US retailers rose last month at an unexpectedly weak pace as US consumers continue to deal with still-high inflation and elevated interest rates. Retail sales rose just 0.1% in May from the prior month, the Commerce Department reported Tuesday. That’s better than April’s downwardly revised 0.2% decline but below the 0.3% gain economists projected in a FactSet poll. Meanwhile, spending was the strongest at specialty stores that sell sporting goods, books, and musical instruments, which jumped by 2.8% last month. Monthly retail sales have increased four times over the past six months through May, but figures for April and March were revised lower, the Commerce Department said Tuesday.

Persons: That’s Organizations: Washington CNN —, Commerce Department, Federal Reserve

☆ 9 items to get rid of from your summer wardrobe, according to stylists and designers
▼ + stars: | 2024-06-18 | by ( Cheyenne Lentz | ) www.businessinsider.com time to read: +1 min

Business Insider asked stylists and designers to share what's going out of style this summer. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs gas prices unexpectedly dip and grocery stores finally start lowering prices, there's a little more wiggle room in the summer budget to refresh your wardrobe. To help get you started, Business Insider asked stylists and designers which items you should get rid of right now.

Persons: Tenniscore, — Organizations: Service, Business

☆ My husband was 40 and thought he didn't have the energy for another baby. But when I ended up pregnant, he was thrilled.
▼ + stars: | 2024-06-16 | by ( Melissa Noble | ) www.businessinsider.com time to read: +4 min

After the birth of our second child, he said he felt like he didn't have the energy for another baby at the age of 40. I was so excited about the news, but I wasn't sure about how my husband would take it. Melissa Noble says that being an older parent has its challenges, but it also has its positives. But there are also lots of positives to being an older parent. For one, we're more relaxed and definitely in a better position financially than we were when we unexpectedly fell pregnant with baby No.

Persons: —, I've, hesitantly, Melissa Noble, Lily, Sam Organizations: Service, Business Locations: Melbourne

☆ Western Anxiety Makes for an Unexpectedly Smooth G7 Summit
▼ + stars: | 2024-06-15 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

The Group of 7 summit that ended on Saturday went extraordinarily smoothly by the standards of a gathering where the leaders of major powers come together. That was a measure of the anxiety the leaders feel about deteriorating trends in Ukraine, in the Middle East, in China and in their own political futures. There was a dispute over the use of the word “abortion” in the communiqué, prompted by the host, Prime Minister Giorgia Meloni of Italy, but that was seen as a gesture to her domestic constituency. On important issues of geopolitics, there was little that divided the group. President Biden may appear politically vulnerable and uncertain of re-election, but this summit meeting was another example of unchallenged American leadership of the West, especially on contentious issues of war and peace.

Persons: Giorgia Meloni, Biden, Volodymyr Zelensky Organizations: Ukraine — Locations: Ukraine, China, Italy, United States, Japan, Russia

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