Federal Reserve Chairman Jerome Powell will probably cut interest rates again next month as insurance against a global slowdown, even with data rolling in that support his forecast for solid U.S. growth and higher inflation.
This summer, while a lot of Americans are going on vacation, many of the 2020 Democratic presidential candidates have been hitting the trail harder than ever — marching in Fourth of July parades in New Hampshire, pressing the flesh at a minor-league ballpark in Iowa and even frying 4,000 pounds of fish in South Carolina.
TOKYO (Reuters) – The dollar held onto gains on Friday after a surge in U.S. retail sales eased concerns about the world’s top economy, but traders cautioned against reading too much into one piece of data given the growing risks to the outlook.
The Midwest has been drenched by rain and beset by floods. California is bracing for wildfires after several years of record-breaking burns. Hurricane season is just getting into gear in the Atlantic Ocean, which has been hit by more storms than usual over the past three years, and those storms have been above-average in intensity. Heat waves have been increasing across the country for decades. Just last weekend, New Yorkers were being warned to use less air conditioning to prevent blackouts — and to charge their phones for when the blackouts would inevitably happen.
In early April, a paleontology graduate student, Robert DePalma, published a major find in The Proceedings of the National Academy of Sciences and hyped the discovery in The New Yorker. Locked in layers of North Dakota rock, he had found an impressive collection of ancient fish, microorganisms and plants that date to the same time period as the infamous global extinction event that killed the dinosaurs. That extinction is widely believed to have been caused by an asteroid impact, and DePalma’s site seems to offer further evidence supporting that theory.
The Democratic congresswomen have voiced their support for the pro-Palestinian Boycott, Divestment, Sanctions movement, known as BDS.