money Futures turn to data, tech for direction
Stocks are pointing to several key data points and tech results for direction this morning.
Stocks are pointing to several key data points and tech results for direction this morning.
JPMorgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may be stickier for longer and that “stagflation is on the list of possible things” that could happen to the U.S. economy. “You should be worried about (the possibility of stagflation),” Dimon said.
Dazhon Darien, a Maryland high school teacher, allegedly fabricated a recording of the principal making hateful remarks.
The number of people killed in floods in Kenya due to heavier than usual rainfall since the monsoon began in March has risen to 70, with nearly half the deaths in Nairobi, the government said Friday."The official tally of fellow Kenyans who regrettably have lost their lives due to the flooding situation now stands at 70 lives," government spokesman Isaac Mwaura said on X, after torrential rains killed 32 people in the capital Nairobi this week.
The U.S. flu season appears to be over. Last week, for the third straight week, medical visits for flu-like illnesses dipped below the threshold for what's counted as an active flu season, the Centers for Disease Control and Prevention said Friday. Other indicators, like hospitalizations and patient testing, also show low and declining activity.
Harvey Weinstein’s legal team saw some hope on the horizon when Bill Cosby’s indecent assault conviction was overturned three years ago by Pennsylvania’s top court.
The U.S. has determined that an Israeli military unit committed gross human-rights abuses against Palestinians in the West Bank before the war in Gaza began six months ago, but it will hold off on any decision about aid to the battalion while it reviews new information provided by Israel, Secretary of State Antony Blinken said in a letter to House Speaker Mike Johnson. The undated letter, obtained by The Associated Press on Friday, defers a decision by the U.S. whether to impose a first-ever block on U.S. aid to an Israeli military unit over its treatment of Palestinians. Blinken stressed that U.S. military support for Israel’s defense against Hamas and other threats would not be affected by the State Department's final decision on the one unit.
Poland opened an art show Friday to celebrate its only Van Gogh painting, a rare early landscape worth millions that was once hawked by a pedlar for the price of a beer.The small oil painting -- also known as "Farmhouses Among Trees" -- is "interesting for its modesty and for showing a whole different side to Van Gogh," said Agata Smolnicka, co-curator of the Warsaw show.
“This case has huge implications for the presidency, for the future of the presidency, for the future of the country,” said Justice Brett Kavanaugh.
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.
Support for South Africa's governing African National Congress (ANC) has fallen to just over 40%, an Ipsos opinion poll showed, weeks before a general election that could usher in the biggest political change since the end of the apartheid era. While the ANC is still on track to win the most votes on May 29, if it gets less than 50% support it would have to seek one or more coalition partners to govern the country, the first such alliance since the party swept to power under liberation hero Nelson Mandela 30 years ago.
In an unprecedented year, the core of journalism remains the same
ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil's big takeover appears on track to close before Chevron's. While ExxonMobil's Pioneer deal appears on the cusp of closing, Chevron's proposed $53 billion takeover of Hess hit a speedbump following a challenge from ExxonMobil.
"If we are to reclaim our university, faculty and students must do it together," writes Barnard professor Nara Milanich.
A multi-day severe thunderstorm event is underway as the central US endures damaging wind gusts, large hail and tornadoes and the danger posed by these fierce storms will only increase into the weekend.
Herds of endangered hippos stuck in the mud of dried-up ponds are in danger of dying in drought-struck Botswana, conservation authorities told AFP Friday.Near the vast wetlands of the Okavango Delta in northern Botswana, the dried-up Thamalakane River has forced herds of hippos to head for natural water reserves close to the tourist town of Maun.
Meta is spending big on artificial intelligence — only to offer its latest advanced AI models to the public for free.
The owner of a suburban Detroit business that caught fire and exploded, killing a man, was arrested at a New York airport as he was preparing to depart for Hong Kong on a one-way ticket, authorities said Friday. U.S. Customs and New York Port Authority personnel arrested Noor Noel Kestou, 31, on Saturday at John F. Kennedy International Airport. Kestou, of Commerce Township, was arraigned Thursday on an involuntary manslaughter charge.
New research suggests that mice base their decisions on more than just immediate reward. They may also make 'mistakes' on purpose.
Plus: More fake-elector indictments; FBI's controversial report on radical Catholics. It's the week in extremism, from USA TODAY.
A 20-year-old British man has been charged with plotting an arson attack on a Ukraine-linked target in London at the behest of Russia.