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☆ Drew Barrymore explains how she accidentally left a list of her romantic partners at Danny DeVito’s house
▼ + stars: | 2024-05-02 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Danny DeVito had the opportunity to know way more about Drew Barrymore than the rest of us. On Wednesday’s episode of “The Drew Barrymore Show,” the daytime host was joined by Ross Matthews and “the boys” of “CBS Mornings,” Tony Dokoupil, Nate Burleson, and Vladimir Duthiers. I left it at someone’s house.”That someone happened to be Danny DeVito, Barrymore revealed, who at the time was directing a movie titled “Duplex” in which Barrymore was costarring and producing. “I did admit it to him,” Barrymore told the group. I never saw it,” he told Barrymore and the audience.

Persons: Danny DeVito, Drew Barrymore, “, Ross Matthews, Tony Dokoupil, Nate Burleson, Vladimir Duthiers, they’ve, Barrymore, ”, ” Barrymore, ‘, ’ ”, DeVito Organizations: CNN, CBS, Independent

☆ Jadon Sancho shines in Borussia Dortmund 1-0 Champions League semifinal first leg win over PSG
▼ + stars: | 2024-05-02 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Jadon Sancho rediscovered some of his magic as he helped Borussia Dortmund to a 1-0 victory over Paris Saint-Germain in the first leg of its Champions League semifinal clash on Wednesday. Sancho, who returned to Dortmund on loan in January after an unsuccessful big-money move to Manchester United, was his elusive best as he proved a constant thorn in the Parisians’ side. It means Dortmund holds a slender one-goal advantage going into the second leg at the Parc des Princes next week. He scored 50 goals and registered 64 assists in four seasons with Dortmund, before making the move to the Premier League and Manchester United. “Sancho looks like a different player entirely.

Persons: CNN — Jadon Sancho, Germain, Sancho, Niclas Füllkrug, Gianluigi Donnarumma, –, Füllkrug, Jean Catuffe, Lionel Messi, “ Can’t, Jadon, Erik ten Hag, “ Sancho, Man United, Ally McCoist, ” Organizations: CNN, Borussia Dortmund, Paris Saint, Champions League, Dortmund, Manchester United, PSG, Princes, League, Barcelona, Premier League, verve, Man, TNT Sports, Real Madrid, Bayern Munich, Wembley Locations: Paris, Dortmund, Parc, Manchester, Opta, @BlackYellow, Germany

☆ The Fed could make a big change today. We’re not talking about interest rates
▼ + stars: | 2024-05-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Wednesday’s Federal Reserve policy decision will likely be pretty boring for investors — officials are widely expected to keep interest rates the same, just as they have since July 2023. They think that the Fed may curtail its quantitative tightening (QT) program — that’s the selling off of its assets to decrease money supply and increase interest rates — by as much as half. Those purchases ended up pushing down interest rates in certain parts of the economy, like housing and auto sales. That led to a “repo crisis”, where the interest rates for overnight loans between banks spiked unusually high. That’s because a taper should send bond prices higher, and interest rates lower.

Persons: there’s, Jamie Dimon, Jerome Powell doesn’t, Krishna Guha, Marco Casiraghi, ”, Bill Adams, Biden, reclassify, General Merrick Garland, Xochitl Hinojosa, “, Nancy Mace, Earl Blumenauer, ” Read, Zhao, Allison Morrow, ” Binance Organizations: CNN Business, Bell, New York CNN, Fed, JPMorgan Chase, Comerica Bank, Bank of America, CNN, US Department of Justice, Federal Register, Congress, Associated Press, Republican, CZ, Binance, Bloomberg Locations: New York, South Carolina, Oregon, Seattle

☆ Wednesday’s rapid fire: AMD, Johnson & Johnson, CVS Health, Super Micro and Pinterest
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWednesday’s rapid fire: AMD, Johnson & Johnson, CVS Health, Super Micro and PinterestCNBC’s Jim Cramer on Wednesday offered his latest thinking on the stocks of AMD, Johnson & Johnson, CVS Health, Super Micro and Pinterest.

Persons: CNBC’s Jim Cramer Organizations: AMD, Johnson, CVS Health, Wednesday

CNN —Russia on Wednesday vetoed a United Nations resolution that proposed a ban on the use of nuclear weapons in outer space amid US intelligence-backed concerns that Moscow is trying to develop a nuclear device capable of destroying satellites. In February, President Joe Biden confirmed the US has intelligence that Russia is developing a nuclear anti-satellite capability. It also called on UN member states not to develop nuclear weapons or other weapons of mass destruction designed to be placed in Earth’s orbit. The White House’s comments on the prospect of a Russian nuclear space weapon have deepened those concerns. Last year, Putin deployed tactical nuclear weapons to neighboring ally Belarus, and former Russian president and deputy chairman of Russia’s Security Council Dmitry Medvedev said strategic nuclear weapons could be used to defend territories incorporated into Russia from Ukraine.

Persons: Vassily Nebenzia, Joe Biden, Linda Thomas, Greenfield, Beijing “, ”, Vladimir Putin, Putin, Dmitry Medvedev Organizations: CNN, Wednesday, United Nations, UN, Russia’s Locations: Russia, Moscow, Russian, Japan, Beijing, China, Ukraine, Belarus

☆ How a Loss in the Emergency Abortion Case Could Become a Win for Biden - The New York Times
▼ + stars: | 2024-04-25 | by ( Mary Ziegler | ) www.nytimes.com time to read: +2 min

But a decision in the second case, on access to emergency abortions, may have much more profound consequences, both for November’s election and the ongoing struggle over reproductive rights. At issue is whether EMTALA requires physicians to offer emergency abortions even when state abortion bans — including those enacted after the overturning of Roe — do not permit them. The Biden administration brought suit against Idaho in federal court, arguing that federal law does pre-empt state policy on the matter. In such states, emergency rooms “are so scared of a pregnant patient, that the emergency medicine staff won’t even look. They just want these people gone,” Sara Rosenbaum, a health law and policy professor at George Washington University, told The A.P.

Persons: Roe —, Biden, —, ” Sara Rosenbaum Organizations: Labor, Biden, Associated Press, George Washington University Locations: Idaho

☆ Elon Musk vs Australia: Fight heats up over Sydney church stabbing video on X
▼ + stars: | 2024-04-24 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +8 min

The country’s e-safety commissioner ordered social media giants to take it down. Australia wants X to remove the video completely, not just hide it from Australian users who could circumvent a local ban by using virtual private networks. With her message to Musk, Australian Senator Jacqui Lambie posted an image of herself in army fatigues taken at a Veteran Mentors' Junior Leadership camp in January. President David Adler told CNN he hadn’t been asked to take it down, either by X or Australia’s e-safety commissioner. In a statement Wednesday, Australia’s eSafety commissioner said the takedown request wasn’t designed to stifle discussion about the church attack.

Persons: Elon Musk, that’s, X, ’, Anthony Albanese, Jacqui Lambie, “, hadn’t, ”, fatigues, AJA, David Adler, Adler, AJA hasn’t, Krissy Barrett, Reece Kershaw, Marcus Hoyne, Bishop, Bishop Mar Mari Emmanuel, Joanne Gray, Grzegorz Wajda, Gray, Musk, Musk’s, Australia’s, Lambie’s Organizations: Australia CNN, Christian Church, Australian, Leadership, Australian Jewish Association, CNN, ” CNN, Joint Counter, Counter, New South Wales Police Seven, Australian Federal Police, AFP, Australia’s Security Intelligence Organisation, National Press Club, Musk, Court, Bishop Mar, Good Shepherd, University of Sydney, European Jewish Association, X Corp Locations: Brisbane, Australia, Sydney, Tasmania, United States, New, Australia’s, Krakow, Poland

Nemat Shafik, Columbia University’s besieged president, faced skeptics on Wednesday in a meeting with the university senate that could vote to censure her over her handling of protests on the Upper Manhattan campus. If Dr. Shafik ultimately remains atop Columbia, her meeting with the university senate made plain that it will likely be as a scarred figure. Dr. Shafik defended her choice to summon the New York authorities to campus, according to three people who attended the meeting at the law school. She said she believed, though, that it was necessary for the safety of protesting students. The group could vote on a censure as soon as Friday, but some senators were discussing the possibility of pursuing a more moderate course in the aftermath of Wednesday’s meeting.

Persons: Nemat Shafik, Columbia University’s, Shafik, Mike Johnson Organizations: Columbia, New Locations: Columbia, Manhattan, New York

☆ Calm down. Emma Stone is not upset about Jimmy Kimmel’s ‘Poor Things’ Oscars joke
▼ + stars: | 2024-04-24 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Emma Stone is setting the record straight about her viral reaction to a joke made at this year’s Oscars by host Jimmy Kimmel. “I didn’t call him a p—k,” she told the Hollywood Reporter in an interview published on Wednesday. I’ll have to look that up.”Throughout the Oscars telecast, a montage of scenes from each of the 10 best picture-nominated films was shown. After the “Poor Things” clip played, Kimmel joked that “those were all the parts of ‘Poor Things’ that we’re allowed to show on TV,” seemingly in reference to the graphic and sexual nature of the R-rated film. Lanthimos and Stone previously worked together on 2018’s “The Favourite” prior to “Poor Things,” and are teaming back up for “Kinds of Kindness,” coming out on June 21.

Persons: Emma Stone, Jimmy Kimmel, Stone, Oscar, ”, “, Kimmel, Dave McCary, Nathan Fielder, ” Stone, Bella Baxter Organizations: CNN, Hollywood, year’s Locations: ‘, La

☆ Oklahoma double murder: Why prosecutors accused the grandmother
▼ + stars: | 2024-04-21 | by ( Rachel Clarke | ) edition.cnn.com time to read: +12 min

Investigators say they were deliberately killed by Adams, Cullum and the Twomblys. Bottom row: Tad Cullum and Tifany Machel Adams Oklahoma State Bureau of InvestigationAt about that time, Adams did an online search for how to get someone out of their house. Adams told officers she had called Butler to check if she was coming for the usual Saturday visit. She said Butler told her that something had come up and she could not make it. And she said her mother told her the two couples were involved in the killings.

Persons: CNN — Tifany Machel Adams, Veronica Butler, Adams, Tad Cullum, Cole, Cora Twombly, Butler, Adams ’, Jilian Kelley, Tifany Machel Adams, Charles Laughlin, Laughlin, Kelley, Cullum, anvils, Cole Twombly, Wrangler Rickman, Rickman, Veronica Butler Oklahoma State Bureau of Investigation Kelley, Cheryl Brune, Brune, Melissa, Joey Padilla, KWCH, Matt Boley, “, ”, Hugoton, Heath Kelley, boyfriend Cullum, –, KFDA, sobs, Butler’s, “ She’s, ” Junia Butler, Veronica’s Organizations: CNN, Tifany Machel Adams Oklahoma State Bureau of Investigation, Veronica Butler Oklahoma State Bureau of Investigation, Oklahoma State, ”, Oklahoma State Bureau of Investigation, Kansas, Chevrolet, Christian, Christian Post, Courthouse, KFDA Locations: Texas, Oklahoma, Oklahoma’s, Kansas, Hugoton , Kansas, Tifany Machel Adams Oklahoma, Oklahoma City, Hugoton, Veronica Butler Oklahoma, Texas County, Colorado, El Paso, Nebraska, Texas County , Oklahoma

In video from WCBS, pro-Palestinian protesters could be seen clashing with police and some had lit small fires. Police officers detain pro-Palestinian demonstrators who had set up an encampment on the South Lawn at Columbia University in New York, on Thursday afternoon. Protestors demonstrate at Columbia University, on Thursday, April 18, 2024. Hirsi, an organizer with Columbia Students for Justice in Palestine, said earlier Thursday she and two other students at Barnard College – located across the street from Columbia University – were suspended for participating in pro-Palestinian protests. Barnard is an official college of Columbia University, but also an independently incorporated educational institution.

Persons: Nemat “, Shafik, –, ”, ” “, ” Shafik, Joshua Briz, Attorney Alvin Bragg, Ilhan, Isra Hirsi, Ilhan Omar, Hirsi, Columbia University –, “, ” Hirsi, Barnard, Israel, CNN’s Matt Egan, Ramishah Maruf Organizations: CNN, New York Police, Columbia University, Columbia, Israel, WCBS, NYPD, Police, Lawn, New York Times, University, Attorney, Metropolitan Transportation, Rep, Columbia Students, Justice, Barnard College –, Barnard College, Education Locations: Washington , DC, Manhattan, New York, C.S . Muncy, Columbia, Palestine, Israel

☆ US regional banks are still under pressure. That’s likely to continue
▼ + stars: | 2024-04-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. Shares of New York Community Bank have tumbled 71%, Bank OZK shares have slid 16% and Webster Financial shares have lost 11%. Regional banks reported wide losses on their profits during the first quarter. PNC projects that its net interest income will fall between 4% to 5% in 2024 from last year. “I’m worried about a handful of [regional banks],” Bair told CNBC on Tuesday.

Persons: that’s, Jerome Powell, “, ” Powell, Sheila Bair, “ I’m, ” Bair, ” Tesla, Tesla, Elon Musk, Chris Isidore, Musk, Chancellor Kathaleen McCormick, Read, Samantha Delouya, —, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh Organizations: CNN Business, Bell, New York CNN, Regional Banking, New York Community Bank, Bank OZK, Webster Financial, PNC Financial, T Bank, US Bancorp, Citizens, PNC, Valley Bank, Signature Bank, First Republic Bank, Federal Reserve, Wilson Center, Federal Deposit Insurance Corporation, CNBC, Tesla, Securities and Exchange Commission, United Nations, Potsdam, Climate, CNN, Stanford University Locations: New York, Delaware, ” Delaware

☆ A Far-Right Party Emerges as a Possible Kingmaker in Croatia
▼ + stars: | 2024-04-18 | by ( Joe Orovic | Andrew Higgins | ) www.nytimes.com time to read: +1 min

A far-right party emerged on Thursday as a potential kingmaker in Croatia after the governing conservatives finished first in a bitterly contested parliamentary election but fell short of winning enough seats to form a new government. The HDZ, led by the incumbent Prime Minister Andrej Plenkovic, won 61 seats in the 151-member legislature, according to the near-final official tally. That was more than all its rivals, including Rivers of Justice, a left-leaning coalition formed by President Zoran Milanovic, which won 42 seats to finish second. The far-right Homeland Movement finished third with 13 seats. Speaking early Thursday in Zagreb, the Croatian capital, Mr. Plenkovic said his party had “convincingly won” but acknowledged that he would need help from rival groups to form a government and secure a third term as prime minister.

Persons: Andrej Plenkovic, Zoran Milanovic, Plenkovic, “, ” Organizations: Croatian Democratic Union, HDZ, Homeland Movement Locations: Croatia, Balkan, Yugoslavia, Rivers of, Zagreb, Croatian

☆ Mickey, Minnie, Donald and Goofy file for union vote at Disneyland
▼ + stars: | 2024-04-17 | by ( Chris Isidore | Natasha Chen | ) edition.cnn.com time to read: +7 min

The group had announced a union organizing effort in February, but very often such campaigns fall short of filing to hold a vote. Union organizing efforts have picked up in the last year, especially in the wake of a number of high profile contract wins by unions that provided union members with large pay raises. There are more than 21,000 Disneyland “cast member” employees, who are represented by more than a dozen unions. But it doesn’t include the performers who dress up as characters such as Mickey and Minnie Mouse, Donald Duck and Goofy and interact with visitors. Vo said it’s difficult for cast members to afford living on their own, and many have roommates.

Persons: “, ”, Kate Shindle, Mickey, Minnie Mouse, Donald Duck, Disney, Mai Vo, Vo, Zach Elefante, Elefante Organizations: California CNN, Actor’s Equity Association, National Labor Relations Board, Disneyland, Disney, Union, Workers, CNN, showtime, Magic Kingdom Locations: Anaheim, California, Los Angeles, Orlando , Florida, Orlando, Southern California, Vo

☆ Wednesday’s rapid fire: United Airlines, J.B. Hunt, ASML, Tapestry and Alcoa
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWednesday’s rapid fire: United Airlines, J.B. Hunt, ASML, Tapestry and AlcoaCNBC’s Jim Cramer on Wednesday offered his quick thoughts on a number of stocks outside the Investing Club’s portfolio.

Persons: Hunt, Jim Cramer Organizations: United Airlines, Alcoa, Wednesday

☆ Climate change and global warming come with increasing economic cost to individuals
▼ + stars: | 2024-04-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, they say immediate actions to reduce climate change could stem some losses in the longer term. Noah Diffenbaugh, a professor and environmental researcher at Stanford University, said the economic damage from climate change will take different shapes. Researchers estimated it would cost the global economy $6 trillion by 2050 to comply with the Paris Climate Agreement—the international agreement among nearly 200 nations to tackle climate change—compared to the study’s estimated $38 trillion economic damage due to climate change. “That’s what’s likely to happen from the global warming that’s already occurred and what’s likely to happen even for small increments of global warming.”The Nature study estimated the economic damage of different regions. The ICF paper said price hikes on essential elements of the cost of living in the US will add up due to climate change.

Persons: –, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh, It’s, Wenz, Bernardo Bastien, Bastien, ” Bastien, “, ”, “ That’s, what’s, won’t Organizations: CNN, United Nations, Potsdam, Climate, Stanford University, Scripps Institute of Oceanography, University of California Locations: Nature, Paris, University of California San Diego, California, North America, Europe, South Asia, Africa, United States

☆ 4 Takeaways From the Hearing on Antisemitism at Columbia University
▼ + stars: | 2024-04-17 | by ( Alan Blinder | ) www.nytimes.com time to read: +1 min

Four Columbia University officials, including the university’s president and the leaders of its board, went before Congress on Wednesday to try to extinguish criticism that the campus in New York has become a hub of antisemitic behavior and thought. Here are the takeaways from the hearing on Capitol Hill. With three words, Columbia leaders neutralized the question that tripped up officials from other campuses. In December, questions about whether calling for the genocide of Jewish people violated university disciplinary policies led the presidents of Harvard, the Massachusetts Institute of Technology and the University of Pennsylvania to offer caveat-laden, careful answers that ignited fierce criticism. The topic surfaced early in Wednesday’s hearing about Columbia, and the Columbia witnesses did not hesitate when they answered.

Organizations: Columbia University, Columbia, Harvard, University of Pennsylvania, Capitol, Massachusetts Institute of Technology Locations: New York, Columbia

☆ Professor who Columbia president said was ‘spoken to’ for calling Hamas invasion ‘astounding’ says he wasn’t disciplined
▼ + stars: | 2024-04-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

A university spokesperson confirmed that Massad was under investigation for allegedly making discriminatory remarks, as Shafik noted in her Wednesday testimony. Massad told CNN the investigation was “news” to him and he was not aware of it prior to Wednesday. The department chair did not respond, while the dean, Amy Hungerford, referred the inquiry to a university spokesperson who did not offer any comment. “Professor Massad has chaired his final meeting of the academic review committee,” a different Columbia spokesperson told CNN. Columbia Business School assistant professor Shai Davidai, who Shafik said was under investigation for harassment, told CNN that he has never spoken against students by name, only “pro-Hamas” student organizations and professors.

Persons: Minouche Shafik’s, Joseph Massad’s, Massad, ” Shafik, ”, Shafik, ” Massad, “, Amy Hungerford, Elise Stefanik, Mohamed Abdou, Shai Davidai Organizations: New, New York CNN — Columbia University, CNN, Columbia, Education, Workforce, African Studies, of Arts and Sciences, Republican, Arts and Sciences, Columbia Business School Locations: New York, Gaza, Israel, Middle Eastern, Columbia

☆ Lamine Yamal: Spanish TV channel to ‘stop working’ with pundit Germán Burgos following derogatory comment about Barca teen
▼ + stars: | 2024-04-11 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Spanish television channel Movistar Plus+ says it will “stop working” with pundit and former Atlético Madrid assistant coach Germán Burgos following a derogatory comment he made about 16-year-old Barcelona star Lamine Yamal. Burgos is from Argentina, though he has spent much time in Spain as both a player and coach. “It was not my intention to harm Lamine Yamal in any way, the people of FC Barcelona, the players, UEFA, or the Movistar Plus+ platform where I work,” Burgos wrote on Instagram. My intention was not to disparage Lamine Yamal, quite the opposite. “Movistar Plus+ condemns any type of discrimination and will not allow these type of comments from any of its workers or collaborators tied to the platform.

Persons: Germán Burgos, Lamine Yamal, Germain, Burgos, doesn’t, it’s, ” Germán Burgos, AP Burgos, Lamine, ” Burgos, “, Ricardo Sierra, Barça, ”, Yamal, Xavi, “ He’s, Yamal’s Organizations: CNN, Barcelona’s Champions League, Paris Saint, Wednesday, Argentina’s, Barcelona, PSG, “, Argentina, Europa Press, AP, FC Barcelona, UEFA, Football, Movistar, UEFA Champions League, La Liga, ” CNN, European, Gavi, Real Betis Locations: Spanish, Madrid, Barcelona, Spain, Latin America, Burgos, Argentina, Mono, Atlético Madrid, AFP7, Marca, Yamal

☆ The Fed might not be done raising interest rates just yet
▼ + stars: | 2024-04-11 | by ( Elisabeth Buchwald | Bryan Mena | ) edition.cnn.com time to read: +6 min

Inflation slowed substantially in 2023 as the Fed lifted rates to nearly a quarter-century high and held them at that level since July. Still, most Fed officials have signaled that they plan to cut rates this year if the economy evolves as expected. And if the inflation situation worsens even further, the Fed may even have to consider raising rates. Like Bowman and Kashkari, New York Fed President John Williams said rate hikes aren’t part of his baseline outlook. The timing of that first rate cut is critical because if the Fed cuts too soon, it risks locking in inflation at a high level.

Persons: hasn’t, Michelle Bowman, Neel Kashkari, Bowman, John Williams, he’s, ” Williams, Williams, Jerome Powell, Susan Collins, ” Collins, Powell, Larry Summers, ” Summers, Summers, Goldman Sachs, ” Organizations: CNN, Wall, Federal Reserve, ” Minneapolis, Kashkari , New York Fed, Boston, CPI, Bloomberg, UBS, Barclays, Bank of America Locations: Kashkari , New

☆ Bad news for Biden (and all Americans): Inflation is creeping higher at the worst time
▼ + stars: | 2024-04-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

But, if you’re President Joe Biden, now is a particularly bad time for inflation to reaccelerate. On the other hand, bad economic data, especially regarding inflation, almost certainly guarantees people aren’t going to be feeling better about the economy. Significant progress over the past two years in getting inflation down from multi-decade highs has been of little help to struggling Americans. “We have more to do to lower costs for hardworking families,” he said. The shelter index, a broader component of the inflation report that covers a majority of housing expenses, is up 5.7% year-over-year.

Persons: CNN Business ’, New York CNN — There’s, Joe Biden, Biden, hasn’t, Ron Klain, ”, Ian Maule, he’s, CNN Biden, “ Organizations: CNN Business, New York CNN, Labor, Politico, Biden, Center, CNN, Republican Locations: New York, Las Vegas , Nevada

☆ PPI report: US wholesale inflation rose again last month
▼ + stars: | 2024-04-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —A key US inflation gauge rose last month to its highest level since April 2023, showing that underlying price pressures remain persistent. The Producer Price Index, a closely watched measure of inflation at the wholesale level, rose 2.1% for the 12 months ended in March, up from a 1.6% gain in February, according to Bureau of Labor Statistics data released Thursday. On a monthly basis, US wholesale prices rose 0.2%, markedly slower than the 0.6% gain in February. When stripping out the more volatile components of food and energy, the closely watched “core” index moved higher for the third consecutive month, rising to 2.4% annually, up from 2.1% the month before. Despite the increases, the annual rate of wholesale inflation (on both the overall and core level) is rising in line with what was seen in the years before the pandemic.

Persons: Price Organizations: CNN, of Labor Statistics, PPI

☆ Dow drops by nearly 500 points after a surprisingly bad inflation report
▼ + stars: | 2024-04-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks fell sharply Wednesday morning after inflation data for March came in higher than expected. That’s up considerably from February’s 3.2% rate and marks the highest annual gain in the past six months. Investors worry this will push back the Fed’s timeline for the rate cuts it has been hinting would come this year. The 10-year Treasury yield, which serves as a standard for mortgage and loan rates, surged after the announcement, approaching 4.5%. Shares of bank stocks fell.

Persons: Dow, “ Today’s, ”, Seema Shah, Wells Organizations: New, New York CNN, Nasdaq, Bureau of Labor Statistics, Asset Management, Treasury, Bank of America, JPMorgan Chase, Microsoft, Apple Locations: New York, Wells Fargo

☆ 6 ex-officers who pleaded guilty in ‘Goon Squad’ torture of 2 Black men sentenced in state court
▼ + stars: | 2024-04-10 | by ( Emma Tucker | Holly Yan | ) edition.cnn.com time to read: +8 min

– Middleton was sentenced in state court to 20 years in prison, which will run concurrently with his federal sentence of 17.5 years. – Opdyke was sentenced in state court to 20 years in prison, to run concurrently with his federal sentence of 17.5 years. – Hartfield was sentenced in state court to 15 years in prison, to run concurrently with his federal sentence of 10 years. – Dedmon was sentenced in state court to 25 years in prison, to run concurrently with his federal sentence of 40 years. – McAlpin was sentenced in state court to 20 years in prison, to run concurrently with his federal sentence of just over 27 years.

Persons: Michael Jenkins, Eddie Parker, – Hunter Elward, Brett McAlpin, Christian Dedmon, Daniel Opdyke, Jeffrey Middleton –, Joshua Hartfield, Jenkins, Malik Shabazz, “, Eddie, Hunter Elward, ” Jenkins, ” Eddie Terrell Parker, Michael Corey Jenkins, Rogelio V . Solis, Dedmon, Elward, – Elward, – Middleton, – Opdyke, – Hartfield, – Dedmon, – McAlpin, Brandon –, Parker, Opdyke –, Lynn Fitch, Middleton, ” picturing, Angela English, ”, Sheriff Bryan Bailey, Jason Dare, Bailey, jailers, Fitch, Eddie Terrell Parker, ” Fitch, CNN’s Devon Sayers, Ryan Young Organizations: Mississippi CNN —, Richland Police Department, NAACP, Confederate, Justice, Rankin County Sheriff’s Department, Department of Justice, Sheriff’s Department, CNN, Civil Rights Unit Locations: Brandon, Mississippi, Rankin, Rankin County, Braxton, McAlpin, Middleton, Opdyke, Jackson

☆ Some Fed officials worry inflation remains stubbornly high, minutes show
▼ + stars: | 2024-04-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington CNN —Federal Reserve officials said during their March policymaking meeting that inflation will likely continue to slow this year, according to minutes released Wednesday, but some still fretted over the possibility that inflation could remain stubbornly high. While Fed officials “observed that significant progress had been made over the past year” despite disappointing inflation readings for January and February, some also “noted that the recent increases in inflation had been relatively broad based,” the minutes said. The Fed kept its key interest rate at a two-decade high for the fifth straight meeting last month, at a range of 5.25-5.5%. The odds that the first rate cut will come in June also dropped after CPI was released, according to futures. Goldman Sachs pushed back its call for the first rate cut to July from June and Bank of America is now projecting a June rate cut with “low confidence.”“The likelihood of a June Fed rate cut declined materially today,” Ronald Temple, chief market strategist at Lazard, said in a note Wednesday.

Persons: “, Jerome Powell, Goldman Sachs, ”, ” Ronald Temple, Powell Organizations: Washington CNN — Federal, Fed, CPI, Bank of America, Lazard, “

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