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Mortgage rates climb above 7% after Moody’s U.S. debt downgrade Mortgage rates climb above 7% after Moody’s U.S. debt downgrade The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming after Moody’s downgraded the U.S. credit rating on Friday over concerns about the government’s growing debt levels. It’s the first time since April 11 that the average 30-year mortgage rate has jumped above 7%, according to Mortgage News Daily, which covers the home loan industry. The rate eased slightly later in the day, settling in at about 6.99%, the trade publication’s data shows. Despite the Federal Reserve’s interest rate cuts last year, mortgage rates have remained near their 25-year peak because they tend to track the 10-year Treasury bond, which is sensitive to economic conditions. With Moody’s downgrade on Friday, the markets slipped in early trading and the yield on the 10-year Treasury jumped above 5%, the highest since late 2023. Stock and bond prices trimmed their losses as the day progressed, with the S&P 500 reversing from a loss of 1.1% to a modest gain of 0.2%. Because the nation’s debt issues are so well known already, investors have likely already accounted for them, according to Brian Rehling, head of global fixed income strategy and other analysts at Wells Fargo Investment Institute. The advisory firm expects “limited additional market impact” following the initial reactions to the Moody’s move. By contrast, elevated mortgage rates are likely to persist, while aspiring homebuyers also face a shortage of affordable properties. Home prices remain near record highs, while higher borrowing costs add to the cost of financing a home. Only about 1 in 5 listed homes in March were affordable for households with $75,000 in annual income, compared with about half of all listings before the pandemic, according to a recent analysis of property listings from the National Association of Realtors (NAR). Home buying activity tends to pick up when mortgage rates drift below 6.7%, Nadia Evangelou, senior economist and director of real estate research at NAR, told CBS MoneyWatch last week. Raw Video: ******** navy training ship hits Brooklyn Bridge Italy’s Trulli: From Past to Present Car bomb outside Palm Springs fertility clinic was act of terrorism, officials say Source link #Mortgage #rates #climb #Moodys #U.S #debt #downgrade Pelican News View the full article at [Hidden Content]

How Brighton, Brentford or Bournemouth could play in Europe How Brighton, Brentford or Bournemouth could play in Europe Brighton, Brentford and Bournemouth all have an outside chance of qualifying for Europe – but need Chelsea to win the Conference League and finish seventh in the Premier League. The final matches in the Premier League take place on Sunday and there is still a scenario in which 10 of the teams, external would be playing in European competition in 2025-26. Six English clubs will be in the Champions League – Liverpool and Arsenal have already secured their spots and will be joined by three of Newcastle, Chelsea, Aston Villa, Manchester City and Nottingham Forest. Manchester United play Tottenham in the final of the Europa League in Bilbao, Spain on Wednesday and the winner of that match will also be in next season’s Champions League. Crystal Palace’s 1-0 win over Manchester City in the FA Cup final has taken the Eagles into the 2025-26 Europa League, where they will be joined by whichever team finishes sixth in the Premier League. The complication comes with Newcastle, whose Carabao Cup victory has ensured themselves a Conference League place at least. But if they finish sixth they would go into the Europa League instead, while a top-five place for Eddie Howe’s team would move them into the Champions League instead. Chelsea play Real Betis in the Conference League final on Wednesday, 28 May, with the winner qualifying for the Europa League. But Enzo Maresca’s Blues also could still claim Champions League football with a top-five Premier League finish. If Chelsea win the Conference League and come seventh, that would open up their Conference League place to the Premier League team which finishes eighth – with Brighton, who beat Liverpool 3-2 on Monday, in that spot, although Brentford and Bournemouth could still overtake them. It is a similar situation if Chelsea win the Conference League and come sixth, with Newcastle seventh, meaning eighth in the Premier League would again be enough for European competition. If Chelsea lose the Conference League final or finish in a Champions League place, the picture becomes much clearer. The top five plus the Europa League winners would be in the Champions League, Crystal Palace and the sixth-placed team would be in the Europa League and the side that finishes seventh in the Premier League would be in the Conference League. Source link #Brighton #Brentford #Bournemouth #play #Europe Pelican News View the full article at [Hidden Content]

The Last Of Us Director Neil Druckmann Is Working On A Second, Unannounced Naughty Dog Game The Last Of Us Director Neil Druckmann Is Working On A Second, Unannounced Naughty Dog Game The Last of Us creative director Neil Druckmann has announced that he is currently working on another Naughty Dog title in addition to the recently revealed Intergalactic: The Heretic Prophet. Though we’ve known for some time that the studio is currently working on multiple projects–and that’s excluding the recently canceled The Last of Us Online, to be clear–this is our first confirmation that Druckmann is involved in a game other than Intergalactic. Considering Druckmann has confirmed that he does have a concept for The Last of Us III and felt like there would probably be “one more chapter to the story,” it seems entirely plausible that the second game could be a new entry in The Last of Us series. Druckmann shared the big news on the Press X to Continue podcast (later reported on by VGC), stating: “There’s another game that’s being worked on at Naughty Dog where I’m in more of a producer role and I get to mentor, watch this other team, and give feedback and be the executive in the room. I enjoy all those roles, and the fact that I jump from one to the next makes my job very exciting and always feeling fresh. I’m never bored.” The creative director also clarified that he is currently working on Intergalactic alongside two other Naughty Dog directors, Matthew Gallant and Kurt Margenau, and co-writer Clair Carré. VGC noted this means that Naughty Dog still has two other prominent game directors who are currently unattached to any of its announced projects: Shaun Escayg (Uncharted: The Lost Legacy) and Anthony Newman (The Last of Us: Part II). Though it is possible that the studio could be hard at work on a new IP, all signs point to Druckmann’s unannounced game being The Last of Us Part III. After all, Naughty Dog has stated it has no plans to continue the Uncharted series and prominent video game leakers have hinted that the game is in development for quite some time now. Additionally, recent remarks from HBO’s The Last of Us showrunner Craig Mazin have only fueled these rumors. Following the show being renewed for a third season, Mazin stated that a fourth season will “be essential,” which is curious considering the current pacing of the television series and how much source material remains. This paired with the fact that Mazin previously said he will not take the HBO show “past the game” make it seem like it’s only a matter of time until The Last of Us Part III is announced. Source link #Director #Neil #Druckmann #Working #Unannounced #Naughty #Dog #Game Pelican News View the full article at [Hidden Content]

Call for adult wages for youth in retail, fast food Call for adult wages for youth in retail, fast food Young workers earn 70 per cent of an adult wage but a union is demanding the federal government change this given the cost of living pressures. Under the “adult age, adult wage” campaign, the Shop, Distributive and Allied Employees Association (SDA) is lobbying for workers aged 18 to 21 in retail, fast food and pharmacy jobs to be paid more. The minimum wage for an adult is currently $24.10 an hour, while an 18-year-old earns 70 per cent of that at $16.46 an hour. A 19-year-old can earn $19.88 an hour and a 20-year-old can earn $23.54. But this is just minimum wage for younger workers, with some companies opting to pay employees more or even the adult rate. The federal government made its formal submission to the Fair Work Commission during its annual review of minimum and award wages earlier this month. The government said the country’s lowest-paid workers should receive an “economically sustainable real wage increase” but did not nominate a specific figure. The SDA has written to the government calling on it to include changes to the youth minimum wage in its application to the Fair Work Commission. “18-year-olds can vote, drive and put their lives on the line for their country,” said Gerard Dwyer, National SDA Secretary. “Eighteen-year-olds are adults. They struggle with the same cost-of-living pressures as every other adult. “They should be paid the same as other adults.” Retail, fast food and pharmacy companies employ more than 1.5 million people with a high number of those being under 21. “Eighteen-year-olds should not be treated as second-class citizens,” Mr Dwyer said. Their work is as valuable as anyone else’s and they should be paid accordingly.” The Fair Work Commission is due to hand down its annual wage review decision in June. Source link #Call #adult #wages #youth #retail #fast #food Pelican News View the full article at [Hidden Content]

Nihon Falcom’s RPG Tokyo Xanadu Gets Rare Discount For Nintendo Switch Nihon Falcom’s RPG Tokyo Xanadu Gets Rare Discount For Nintendo Switch Nintendo Switch owners can get rare discount on a 2024 RPG that is in short supply at major retailers. Tokyo Xanadu ex+, an expanded edition of the highly rated action-RPG from Nihon Falcom, is up for grabs for $35 (was $50), which is a new all-time best price. Published by Aksys Games, Tokyo Xanadu has only received a few discounts since its release on Nintendo Switch last July, and the game is sold out at multiple retailers. Nihon Falcom is best known for its long-running Legend of Heroes and Ys series; if you like either of those franchises, you’ll probably feel right at home with Tokyo Xanadu. Nihon Falcom games typically aren’t available in physical edition for very long, which is worth keeping in mind if you planned on adding Tokyo Xanadu to your Switch collection. $35 (was $50) Tokyo Xanadu originally launched as a Japan-exclusive PlayStation Vita game in 2015. The enhanced edition released in Japan for PS4 the following year before receiving a worldwide release in 2017 for PS4 and PC. The Switch edition includes all of the game’s DLC as well as new story content, improved visuals, and various quality-of-life gameplay improvements. Tokyo Xanadu is an action-RPG dungeon crawler set in near-future of Tokyo, Japan after an earthquake opens a link to the shadowy Eclipse realm and high schooler Kou Tokisaka and his classmates are tasked with saving the city. While the Switch version is the latest version of the game, you can also grab a preowned copy of the PS4 version for just $20 at GameStop. Tokyo Xanadu eX+ deals The Legend of Heroes and Ys Series – Deals & Upcoming Games As mentioned, Nihon Falcom known for its prolific work on The Legend of Heroes and Ys franchises, both of which have been around since the late 1980s. Each game in the Ys series, despite featuring the same protagonist (Adol Christin), can be played and enjoyed without prior knowledge of earlier releases. If you’d like to give the Ys series a try, you can take advantage of great deals on the recently released remaster of the third mainline entry. Ys Memoire: The Oath in Felghana – D1 Refined Edition is exclusive to Nintendo Switch and PS5 and comes with a few collectibles. You can also snag the latest brand-new entry in the Ys franchise, Ys X: Nordics, for a great price on PS5 or Switch. Ys Game Deals (Physical Editions) Ys Memoire: The Oath in Felghana – D1 Refined Edition Ys X: Nordics – Deluxe Edition The Legend of Heroes, meanwhile, has several different subseries and overarching narratives that make it a bit more daunting to dive into for the first time. Many fans recommend starting with Trails in the Sky, as it’s the first game in the Trails series. Trails in the Sky is currently only available on PC (Steam) and PlayStation Portable, but Nihon Falcom is currently developing a remake called Trails in the Sky 1st Chapter, which is slated to release on September 19 for PS5, Nintendo Switch, and PC. We’ve also listed the most recent and next brand-new mainline entries in the Trails series below. The Legend of Heroes New Releases & Preorders Ys and The Legend of Heroes PC Game Deals Physical editions of Trails and Ys games typically receive small print runs and disappear from store shelves rather quickly, so the list of Nihon Falcom games up for grabs for retail price or less gets significantly longer when you include digital storefronts. PC players can save big on a bunch of Legend of Heroes games as well as a pair of Ys games at GameSpot sister site Fanatical. The deals are being offered as part of Fanatical’s May Madness *****. All of the deals below qualify for Fanatical’s Spin to Win promotion, which nets you a free game or coupon for spending $15 or more. Disclosure: GameSpot and Fanatical are both owned by Fandom. Source link #Nihon #Falcoms #RPG #Tokyo #Xanadu #Rare #Discount #Nintendo #Switch Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Gunmen Storm Bar in Mass Shooting — 8 Killed, Bodies Found in ‘Pool of Blood’ Gunmen Storm Bar in Mass Shooting — 8 Killed, Bodies Found in ‘Pool of Blood’ Eight people were killed when multiple gunmen opened fire at a tavern in South Africa on Friday evening Police have launched a manhunt for the suspects and are investigating the motive behind the attack The incident highlights South Africa’s ongoing struggle with violent crime Police in South Africa have launched a manhunt for suspects after eight people were shot and killed at a tavern in the southeast city of Durban. The attack occurred on Friday evening when police say multiple gunmen entered the bar and opened fire, according to a statement from the South African Police Service. When first responders arrived at the scene they found eight people “lying in a pool with multiple gunshot wounds,” police said in a statement. The police service added that six of the victims were men and two were women. Their ages ranged from 22 to 40 years old. “Investigations into the possible motive of the killings are underway,” the statement said, adding that police have started a manhunt for multiple suspects. The South African Police Service are asking for anyone with information about the shooting to contact them. Want to keep up with the latest crime coverage? Sign up for PEOPLE’s free True Crime newsletter for breaking crime news, ongoing trial coverage and details of intriguing unsolved cases. The country has struggled with violence. According to police data, there are around 75 murders a day in South Africa. Over 6,900 people were murdered in the country from October 2024 to December 2024, per police crime statistics. Read the original article on People Source link #Gunmen #Storm #Bar #Mass #Shooting #Killed #Bodies #Pool #Blood Pelican News View the full article at [Hidden Content]

After key vote, Trump to urge House Republicans to back budget bill – The Washington Post After key vote, Trump to urge House Republicans to back budget bill – The Washington Post After key vote, Trump to urge House Republicans to back budget bill The Washington PostInside the Republican Factions Dueling Over Trump’s Tax Bill The New York TimesPackers sign WR Matthew Golden Green Bay PackersHouse fiscal hawks want a megabill price-tag before passage. They probably won’t get it. PoliticoTrump to personally appeal to lawmakers as major sticking points remain unresolved on his ‘one big, beautiful’ agenda bill CNN Source link #key #vote #Trump #urge #House #Republicans #budget #bill #Washington #Post Pelican News View the full article at [Hidden Content]

Peers demand more protection from AI for creatives Peers demand more protection from AI for creatives The House of Lords has dealt a second defeat to the government over its Data (Use and Access) Bill. Peers had already backed an amendment calling for more copyright protections for the creative industries from artificial intelligence (AI) scrapers once. MPs rejected that amendment and sent the Bill back to the Lords, where Technology Minister Baroness Jones told peers it would lead to “piecemeal” legislation as it pre-empted consultation on AI and copyright. However, there was broad and vociferous support for Baroness Kidron, a film director and digital rights campaigner, who accused ministers of being swayed by the “whisperings of Silicon Valley” asking them to “redefine theft”. The Lords rebellion follows condemnation from Sir Elton John, who called the government “losers” over the weekend and said ministers would be “committing theft” if they allowed AI firms to use artists’ content without paying. He joins the ranks of high-profile musicians, including Paul McCartney, Annie Lennox, and Kate Bush, who are outraged by plans they say would make it easier for AI models to be trained on copyrighted material. Kidron’s amendment would force AI companies to disclose what material they were using to develop their programmes, and demand they get permission from copyright holders before they use any of their work. Highlighting the power differential between the big tech giants in the US and creatives in the ***, Kidron branded the government’s plans “extraordinary”. “There’s no industrial sector in the *** that government policy requires to give its property or labour to another sector – which is in direct competition with it – on a compulsory basis, in the name of balance,” she said. “The government has got it wrong. “They have been turned by the sweet whisperings of Silicon Valley who have stolen – and continue to steal every day we take no action – the ***’s extraordinary, beautiful and valuable creative output. “Silicon Valley has persuaded the government that it’s easier for them to redefine theft than make them pay for what they have stolen.” Defending her amendment, the crossbench peer said it was “the minimum viable action from the government” to signal that “*** copyright law is indeed the law of the land”. Otherwise, Kidron said, the Bill was merely a “political gesture” ignoring “widespread theft” of *** copyright and “starving” the creative industry of “the transparency they need to survive”. She was backed by Labour’s Lord Brennan, who said the government was trying to set up “a double standard” with AI companies, and abandoning its historical leadership over the importance of intellectual copyright. “This country has shown leadership throughout history in relation to copyright and setting the highest standards in order to try and drag people up to our level rather than simply putting up the flag of surrender,” he said. “I fear there is a view that we have to allow AI companies to do anything they want because otherwise they’ll just go and do it somewhere else.” Lord Watson, former deputy leader of the Labour Party and clearly a fan of Sir Elton, reeled off a string of song lyrics urging ministers to heed “the clarion cry of this country’s creators”. A third Labour peer, Lord Knight, also called on his party colleagues to “protect the livelihoods of artists from big tech” and said he believed this could be done at the same time as “taking advantage of the creative and economic opportunities of AI”. The strength of feeling around the urgency to protect artists was made clear by others, including crossbencher and composer Lord Berkeley, who labelled the current situation “burglary”. “The only way you will stop it is by acting now before the gate is trampled down by the horses,” he said. “If this door is left open we will destroy the future of our creative industries.” Conservative Lord Dobbs agreed those who had “slogged away, struggled and suffered” for their art deserved the government’s protection and Liberal Democrat Floella Benjamin said she saluted Kidron for her “tenacity and dogged determination” to ensure “creativity will not be stolen”. Baroness Jones spoke again at the close of the debate to plead with peers not to overturn the will of MPs for a second time, insisting “this isn’t about Silicon Valley”, denying the government was being complacent, and pointing out that “no other territory has cracked this either”. “We all want to see a way forward that protects our creative industries while supporting everyone in the *** to develop and benefit from AI,” she said. “Kidron’s amendment will not provide certainty of anything except for certainty of more uncertainty, of continuous regulations stacked one upon another in a pile of instruments… “Jumping the gun on one issue will hamstring us in reaching the best outcome on all the others and especially because this is a global issue and we cannot ringfence the *** away from the rest of the world.” However, Kidron said her amendment “does not challenge the primacy of the Commons” and pushed ahead. The result was a decisive defeat for the Government, with 287 votes in favour of Kidron’s amendment and 118 against – a majority of 169 – and the Bill will now be sent back to the Commons. Source link #Peers #demand #protection #creatives Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Harvey Weinstein accuser says sex descended into ***** Harvey Weinstein accuser says sex descended into ***** Jurors at Harvey Weinstein’s sex crimes retrial have heard from a woman who says her consensual ******* relationship with the ex-movie mogul descended into *****. “He validated me so much”, Jessica Mann said, but when he was told no, “the monster side would come out”, she said on Monday. Mann is the last of three accusers to testify in the case. The 73-year-old has pleaded not guilty to all the charges and maintains he never ********* assaulted or ****** anyone. Mann met Weinstein at a party when she was 27 and had recently moved to Los Angeles to try to launch an acting career. He took an interest in her ambitions, and they had a few follow-up meetings that alternated between professional talk and boundary-pushing, particularly a request for a massage that Mann said she reluctantly gave the studio boss. Weinstein invited her to an Oscars bash that Mann, new to Hollywood glitz, attended in her prom dress. She said she wasn’t attracted to Weinstein and initially refused his first ******* advance, but eventually succumbed to him performing ********* because Weinstein said he wouldn’t let her leave until she let him “do something”. Although she felt confused and “defiled”, she then agreed to consensual encounters, she said. She worried about the professional consequences of alienating a powerful producer who dangled the prospect of movie roles. She also recalled thinking that “if I was in a relationship, maybe it would feel different” and that “maybe he did like me”. “I just thought that maybe it would take the pain away,” said Mann, 39. In 2013, she travelled to New York with a friend. After the pals made plans for breakfast with Weinstein, he showed up early and got a room at Mann’s hotel, over her protests, she said. She went upstairs with Weinstein to try to avoid a public argument and told him, “I don’t want to do this” but he shoved the door shut as she tried to leave, she said. After Weinstein demanded she undress and grabbed her arms, she said, she “just gave up” and he had sex with her. Mann told no one about the alleged *****. She said she doubted she’d be believed and feared reprisals from the well-connected Weinstein. Over the ensuing months, she nudged him about a potential movie part — he arranged an audition, which went nowhere — and told him she appreciated “all you do for me”, according to emails shown to jurors. She also sent him her new phone number, relayed a compliment she’d heard about him, and asked whether he’d be in Los Angeles for her birthday. “I compartmentalised the part of Harvey that was hurting me,” she said, adding that he had “good sides”. Weinstein’s lawyers haven’t yet had their turn to question her. During opening statements last month, defence lawyer Arthur Aidala contended that Mann had a “a mutually beneficial relationship” with the former movie producer in hopes of “cutting the line” to an acting career. Source link #Harvey #Weinstein #accuser #sex #descended #***** Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Mohsen Mahdawi graduates from Columbia University after release from ICE custody, tells CBS News he feels “victorious” Mohsen Mahdawi graduates from Columbia University after release from ICE custody, tells CBS News he feels “victorious” Mohsen Mahdawi graduated from Columbia University with a bachelor’s degree in philosophy Monday, less than three weeks after he was released from immigration custody after being detained at what he was told was a U.S. citizenship interview. Mahdawi — who helped lead pro-************ protests on Columbia’s campus in 2023 — was greeted by cheers and applause as he returned to accept his diploma, donning a blue graduation cap with the scales of justice depicted on the top. After the event, he periodically stopped to flash peace signs or take photos with other graduates. In an interview with CBS News shortly before the ceremony, Mahdawi said he felt a “mix of emotions” — including a “feeling of being victorious.” “They didn’t want me to graduate. They didn’t want me to be educated. They didn’t want me to be out of prison,” Mahdawi said. “And I am out because of the good people in this country and the democratic system.” He plans to return to Columbia in the fall to pursue a graduate degree. Mahdawi, who has a green card, was detained by immigration officials in mid-April for allegedly posing a risk of “adverse foreign policy consequences.” He was released on April 30 by a Vermont federal judge who, in a scathing order, said Mahdawi was likely being punished for protected speech. Mahdawi said he has “conflicting feelings” about his time at Columbia, citing the war in Gaza and the continued detention of fellow Columbia activist Mahmoud Khalil. He was also critical of Columbia’s handling of his case, saying the school “let me down” by not offering him more protection. CBS News has reached out to Columbia for comment. Mahdawi added, “I’m not going anywhere, and I’m going to continue my education here as well.” He told CBS News after the ceremony he saw his classmates’ reactions as a “message of acknowledgement for the work that I have been doing, and an acknowledgement for what people desire. They want to see justice and peace in this country.” “It doesn’t matter what the Trump administration is trying to say or how to paint me. Come and listen to the people who know me,” he added. What to know about Mohsen Mahdawi’s case Mahdawi was detained by Immigration and Customs Enforcement officials in Vermont in mid-April after arriving for what he was told was a citizenship interview. A day beforehand, he told CBS News he feared the appointment was a “honey trap.” He remained in immigration custody for just over two weeks, until U.S. District Judge Geoffrey Crawford ordered his release earlier this month. Despite his release, Mahdawi’s case remains active as a judge reviews the issue. The Trump administration is seeking to deport Mahdawi under a law that allows the government to revoke visas if the secretary of state believes somebody’s presence in the U.S. poses “serious adverse foreign policy consequences.” Mahdawi argues his detention violated the First Amendment by punishing him for protesting. The administration has also accused Mahdawi of “threatening rhetoric and intimidation of pro-Israeli bystanders,” which he has denied, telling CBS News last month, “antisemitism has no place in our movement.” In an interview with CBS News a week after his release, Mahdawi called the government’s argument for detaining him “laughable”: “A person who has been vocally advocating for justice and peace is undermining U.S. policy?” he said. Mahdawi is one of several students to face detention after their involvement in pro-************ activism, with the government often citing the “foreign policy consequences” law. Another Columbia University student, Mahmoud Khalil, still remains in custody in Louisiana after he was detained on March 8, as the Trump administration pushes for his deportation and he sues for his release. And Tufts University graduate student Rumeysa Ozturk was released earlier this month at the orders of a federal judge, over a month after her detention — which her lawyers say was prompted by nothing more than an op-ed that she co-wrote in the campus newspaper. Shortly after the commencement, Mahdawi spoke at a vigil for other students who have faced immigration scrutiny, including Khalil and Rajani Srinivasan, yet another Columbia student who self-deported to Canada after her visa was revoked. The administration has defended the moves. Secretary of State Marco Rubio argued in March “we have a right” to take away visas and indicated the practice could continue. “We do it every day. Every time I find one of these lunatics, I take away their visa,” Rubio said. Lilia Luciano Lilia Luciano is an award-winning journalist and CBS News 24/7 anchor and correspondent based in New York City. Luciano is the recipient of multiple journalism awards, including a Walter Cronkite Award, a regional Edward R. Murrow Award and five regional Emmys. Source link #Mohsen #Mahdawi #graduates #Columbia #University #release #ICE #custody #tells #CBS #News #feels #victorious Pelican News View the full article at [Hidden Content]

GM to stop exporting vehicles from US to China, company says GM to stop exporting vehicles from US to China, company says (Corrects day employees were informed to Thursday China time from Friday) DETROIT (Reuters) -General Motors informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles to China from the United States, the company said. The move comes as the United States and China continue discussions on tariffs and other trade issues. (Reporting by Kalea Hall ; Editing by Chris Reese) Source link #stop #exporting #vehicles #China #company Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

‘Boujee on a budget’ consumers can power these stocks through tariff headwinds, analysts say ‘Boujee on a budget’ consumers can power these stocks through tariff headwinds, analysts say As retailers seek to ease sting of harsh U.S. tariffs, analysts think those with loyal shoppers that offer the most bang for their buck will emerge victorious. The SPDR S & P Retail ETF (XRT) — which tracks more than 75 companies in U.S. retail — is down 3.9% this year. The fund has been battered by uncertainty on global trade, inflation worries and wavering consumer confidence. To be sure, the fund has rebounded 15% over the past month as trade fears have eased. But tariff headwinds could see a resurgence, knocking retailers once again. For investors looking for opportunities in the sector, retailers that can offer quality products at modest prices will be attractive. That includes the big-box, one-stop-shop sellers and specialty beauty retailers. “It’s the year of ‘and’ because retail today needs both needs and wants,” TD Cowen analyst Oliver Chen said in an interview. “It’s been very hard if you’re just a want retailer. Another way to say that is you need to blend on both the the food and the discretionary.” He added that another big retail theme of 2025 is “intensification of bifurcation, meaning strength at the high-end and then strength at retail that offers exceptional value and prices.” While most retail stocks are down this year, giants such as Costco and Walmart have bucked the trend and even outperformed the S & P 500. Some beauty companies, particularly those that offer a wide variety of cosmetics products, could see strong gains as U.S.-China trade worries ease and loyal consumers seek out their essentials on a budget. Warehouse clubs and Walmart TD Cowen’s Chen favors warehouse clubs such as Costco and BJ’s that offer a wide variety of items in bulk and at discounted prices. These warehouse clubs are “extremely attractive for value” and should continue to offer strong growth in a good market, he said. “Costco General merchandise is working, anything from jewelry to TV to beauty. Plus they have like rock bottom high value Kirkland food,” Chen said. “And Walmart, for example, I bought an iPad. I bought some Burberry perfume. You can buy used Hermes. But, of course, it’s everyday low price.” BJ’s is particularly attractive to Chen compared to Costco given its runway to scale its store footprint and wider grocery offerings that could support new member growth. Chen named BJ’s the firm’s best retail idea for 2025 and remains favorable on Costco and Walmart for the long-run but said both stocks appear expensive at current valuations. BJ’s trades at 27 times forward earnings, while Costco sports a multiple above 56. Walmart has a forward price-to-earnings ratio of 37.6, per FactSet. Shares of BJ’s are up 32% year to date. Costco has jumped 12% in that time, while Walmart has gained 8.6%. “We believe BJ’s could benefit from increased investor preferences for defensive names and a valuation premium assigned to traffic and membership growth consistency,” Chen wrote in a December note that outlined BJs as one of the firm’s “best ideas” for 2025. JPMorgan analyst Christopher Horvers also flagged BJ’s as an attractive hideout spot amid macroeconomic concerns. He cited a firm analysis on Chase spending data that has shown an acceleration in the wholesale club and discount store channel. He has a $123 price target on BJ’s, which signals upside of 5.6% from Friday’s close. “BJ has increasingly become a safe haven due to its staples-heavy mix and low tariff exposure. The company is benefitting from continued grocery reflation and a hyper-value seeking consumer,” Horvers wrote in a May 9 note to clients. Horvers rated the stock as neutral, however, citing a “stretched” valuation and uncertainty on when the company will reach high single-digit and low double-digit earnings per share growth. Eleven of the 25 analysts covering the stock rate it a hold. Another 14 have a strong buy or buy holding on shares, according to LSEG. ‘Boujee on a budget’ Cosmetics is another area that could power through tariff concerns and appeal to the value-conscious consumer. “The beauty market remains attractive,” Chen told CNBC. “It has some bumps, but beauty has some inherent stability because of the need for replenishment, the loyalty factor, the ‘lipstick factor,’ the innovation factor, the social media factor, where beauty has some resistance because she considers it an essential good in some cases.” “Beauty, we think, can pass through to consumer price increases, plus it has a lower percentage of total and material costs because it has a higher percentage of spending on marketing,” he added. Elf Beauty has established its self as a market player that can quickly develop products similar to those from luxury brands at a much lower cost. “The price gaps are really big, so [the consumer] will trade up and trade down. It’s called customized moderation. Like you will trade up and trade down, but you understand how and when to do that, to be Boujee on a budget,” said Chen, who has a buy rating on shares and calls the company the “czar of beauty.” ELF 1Y mountain Elf stock performance. Elf, to be sure, sources nearly all of its products from third-party manufacturers China, which has contributed to its rocky stock performance this year as investors grew weary of potential tariff impacts. Shares are down more than 36% year to date but have bounced back about 50% over the past month. Analysts still remain bullish on Elf’s stock overall. Twelve out of 17 analysts covering the stock rate it a strong buy or buy, according to LSEG. Piper Sandler reaffirmed its buy rating on Elf in a late April note, saying the stock’s risk-reward appears compelling and the company’s sales trends “remain best in class for beauty right now.” Source link #Boujee #budget #consumers #power #stocks #tariff #headwinds #analysts Pelican News View the full article at [Hidden Content]

‘Sesame Street’ is coming to Netflix with new streaming deal – The Washington Post ‘Sesame Street’ is coming to Netflix with new streaming deal – The Washington Post ‘Sesame Street’ is coming to Netflix with new streaming deal The Washington Post‘Sesame Street,’ Facing Crisis, Signs New Deal With Netflix The New York TimesSpecial Update From Sesame Workshop Sesame WorkshopSesame Street Is Coming to Netflix With New & Old Episodes Streaming In 2025 Netflix’Sesame Street’ headed to Netflix for reimagined season 56 Yahoo Source link #Sesame #Street #coming #Netflix #streaming #deal #Washington #Post Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

US Open: Arthur Ashe Stadium to get revamp as part of $800m renovation plan US Open: Arthur Ashe Stadium to get revamp as part of $800m renovation plan Arthur Ashe Stadium – the US Open’s showcase court – is set to be expanded as part of an $800m renovation project at Flushing Meadows, the United States Tennis Association has announced. The USTA has described the proposed work at the Billie Jean King National Tennis Centre as the “largest single investment in US Open history”. It includes a plan to increase by about 2,000 the capacity of Arthur Ashe Stadium – which currently holds 23,771, and is the largest tennis arena in the world. The stadium is set to get a new main entrance, with facilities inside for fans to be modernised. Further plans include a new player performance centre at Flushing Meadows, with expanded indoor and outdoor warm-up areas for players. The USTA intends to fund the renovation project itself – with work to be done in phases between tournaments to minimise disruption – and hopes to get it completed by 2027. Lew Sherr, CEO and executive director of the USTA, said: “This project enables us to maintain the greatest stage in tennis – Arthur Ashe Stadium – which was constructed more than 25 years ago, and modernize it in a way that will set it up for the next 25 years.” Source link #Open #Arthur #Ashe #Stadium #revamp #part #800m #renovation #plan Pelican News View the full article at [Hidden Content]

Evacuations, flood rescues as widespread rain continues Evacuations, flood rescues as widespread rain continues Persistent and heavy rain that has brought significant flash flooding to one state is showing no signs of stopping, after forcing a stack of emergency calls and evacuations. Much of NSW’s mid-north coast and Hunter region has copped the barrage, with 22 flood rescues performed overnight in those areas. Taree, on the state’s mid-north coast, took the worst of the rain with more than 160mm in six hours overnight, and 267mm since 9am on Monday. “We’ve seen significant flooding in Taree overnight, a couple of the flood rescues we undertook were for people in houses in locations where water rose incredibly swiftly over their floors and they had to be relocated again, all brought to safety,” NSW SES chief superintendent of state operations Dallas Byrnes told ABC TV. The SES has received 2000 calls in the past 24 hours, responded to 1400 incidents, evacuated 60 people and performed 22 flood rescues. Minor to major warnings for flooding on catchments across the mid-north coast and Hunter regions remain in place, while people in Taree are being advised to take shelter. The SES has also asked people in isolated locations in the area to evacuate, including at Dungog, Paterson, Gloucester, Bulahdelah and Chinchester Dam. “We are asking the community to be really, really conscious of their location … we are seeing lots of local creeks rise very quickly,” Mr Byrnes said. “We have had numerous rescues from people entering floodwaters (but) we’ve also done the majority from people who’ve just been in the wrong place, and flash flooding has taken them by surprise.” The Bureau of Meteorology is predicting rain levels between 60 to 100mm in six hours on Tuesday in parts of the mid-north coast and Hunter, increasing to 100 too 190mm in isolated locations. While damaging winds and surf are expected to ease later on Tuesday, the widespread is tipped to stick around for some days. “Heavy falls will remain a risk, particularly across the mid-north coast, with flash and riverine flooding continuing to be the main concern,” BoM senior meteorologist Sarah Scully said. “With large amounts of water building up over days and impacting roads and low lying areas, dangerous driving conditions, traffic and transport delays and detours are expected, and some local inundations will continue to occur.” More than 30 schools will be closed on Tuesday in the mid-north coast, Central Coast and Hunter regions due to flooding. The NSW education department reminded parents that schools do not offer minimal supervision during flood events. Trains are not running between Scone, in the upper Hunter, and Newcastle. Source link #Evacuations #flood #rescues #widespread #rain #continues Pelican News View the full article at [Hidden Content]

First group of ‘self-deporting’ migrants departs US First group of ‘self-deporting’ migrants departs US The first group of undocumented migrants who accepted a payment of $1,000 from the US government and agreed to “self-deport” were flown from the United States to Honduras and Colombia on Monday, the Department of Homeland Security (DHS) said. A total of 64 migrants were aboard the “voluntary charter flight” that took off from Houston, Texas, DHS said in a statement. “They received travel assistance, a $1,000 stipend, and preserved the possibility they could one day return to the United States legally,” it said. Thirty-eight of the migrants were flown to Honduras, while the other 26 went to Colombia. DHS Secretary Kristi Noem urged other undocumented migrants in the United States to take advantage of what the department is calling “Project Homecoming.” “Take control of your departure and receive financial support to return home,” Noem said. “If you don’t, you will be subjected to fines, arrest, deportation and will never be allowed to return. “If you are in this country illegally, self-deport now and preserve your opportunity to potentially return the legal, right way,” she said. Donald Trump campaigned for president promising to expel millions of undocumented migrants, and he has taken a number of actions since returning to power in January aimed at speeding up deportations. For instance, Trump has invoked an obscure wartime law to summarily deport alleged Venezuelan gang members, has sent troops to the ******** border, and has imposed tariffs on Mexico and Canada for allegedly not doing enough to stop ******** border crossings. cl/jgc Source link #group #selfdeporting #migrants #departs Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Stock market news today: live updates Stock market news today: live updates Stock futures were little changed on Monday evening as Wall Street waits to see if last week’s market rally can find new momentum. S&P 500 futures dipped less than 0.1%. Nasdaq 100 futures were down 0.1%, while futures tied to the Dow Jones Industrial Average shed 15 points, or less than 0.1%. The moves in futures follow a relatively calm trading session on Monday that saw the S&P 500 grind higher by 0.09% for its sixth straight positive session. The Dow gained about 137 points, or 0.32%, while the Nasdaq Composite ticked up just 0.02%. While Monday’s gains were marginal, they do add to what has been a rapid and sharp rebound for stocks over the past five weeks. The S&P 500 is now just 3% from its record high. The gains despite continued uncertainty around the impact of tariffs on the economy and worries about a potential U.S. recession. Investors even shrugged off the downgrade of the U.S. government’s credit by Moody’s Ratings. That backdrop has led to some skepticism about the rally, but Carson Group chief market strategist Ryan Detrick told CNBC that the rebound should be taken seriously. “All these worries and concerns are real. We’re not ignoring everything that’s out there. But are we listening to what the market’s doing, right? The previous 27 trading days, the S&P 500 is up close to 20%. … That’s not a bear market rally. That’s not a short-covering rally,” Detrick said Monday on “Closing Bell: Overtime.” Earnings reports will provide some fodder for the debate about the U.S. economy on Tuesday. Home Depot is set to report its latest results in the morning, while homebuilder Toll Brothers will release its quarterly report after the market closes. Traders will also keep an eye out for commentary about the Federal Reserve’s interest rate policy, as several central bank officials are scheduled to speak on Tuesday, including St. Louis Fed President Alberto Musalem. Source link #Stock #market #news #today #live #updates Pelican News View the full article at [Hidden Content]

Netanyahu Says Israel Will Take Over Gaza as It Allows Food Into Enclave – WSJ Netanyahu Says Israel Will Take Over Gaza as It Allows Food Into Enclave – WSJ Netanyahu Says Israel Will Take Over Gaza as It Allows Food Into Enclave WSJIsrael Wavers as Far Right and Military Disagree on Gaza Strategy The New York TimesIsraeli ambassador lashes out at UN official, condemns ***, France, Canada statement on aid Fox NewsNetanyahu says ‘minimal’ aid will go to Gaza to preserve U.S. support The Washington PostFirst few aid trucks enter Gaza but allies threaten Israel with sanctions and urge more AP News Source link #Netanyahu #Israel #Gaza #Food #Enclave #WSJ Pelican News View the full article at [Hidden Content]

Jack Grealish: ‘Writing on the wall’ for Manchester City midfielder says Shay Given Jack Grealish: ‘Writing on the wall’ for Manchester City midfielder says Shay Given Manchester City midfielder Jack Grealish may have to leave this summer with “the writing on the wall” for him, says their former goalkeeper Shay Given. Grealish, 29, was a British record signing when he joined Pep Guardiola’s side from Aston Villa for £100m in 2021. The England international has won three Premier League titles, the Champions League and FA Cup with City but has fallen down the pecking order this season. Grealish has only started 16 times this season in all competitions, and has been on the pitch for 1,520 minutes – fewer than half the amount he played in the 2022-23 season when City won the Champions League. He was an unused substitute as Crystal Palace won the FA Cup final last weekend, while he also did not get on the pitch when City were beaten at Wembley by rivals Manchester United in 2024. Grealish’s future at Etihad Stadium is unclear heading into the summer, with a growing sense that he would benefit from a move before next season. There is likely to be interest from clubs across Europe in a player who may be attracted by the idea of a fresh start at a top club who could provide him with regular football. It remains to be seen whether his reported £300,000-per-week wages will prove prohibitive towards any potential move away. “I have a soft spot for Jack Grealish and the way he is being treated is not on,” former City keeper Given, who played alongside Grealish at Villa, told BBC Radio 5 Live’s Monday Night Club. “He’s not helped himself at times but he is a generational talent that you want to build your team around. “That’s back-to-back FA Cup finals where you need a goal and you don’t use him. At the weekend City brought on Claudio Echeverri who made his debut instead. “Jack is an international, a multiple winner, it was criminal he didn’t get on the pitch. The writing is on the wall. I don’t know why Pep even brought him to London. He may as well have stayed at home. “When he plays, he’s a mannequin on the wing and just told to keep the shape. Kevin de Bruyne is leaving in the summer and Jack Grealish is the perfect replacement to play in the middle but after what has happened, he maybe won’t play for the club again. “For his career, he has to see what is out there. He is an amazing talent with plenty of years left in him.” Defeat in the FA Cup final means that City will finish without a major trophy for the first time since Guardiola’s first season in charge in 2016-17. They go into their final two Premier League games in sixth place and could miss out on the Champions League next season. Guardiola says discussions will take place between outgoing director of football Txiki Begiristain, his successor Hugo Viana and the player’s representatives. “We didn’t talk – I didn’t talk with him,” Guardiola said. “People don’t believe me, but these things belong to the agents and the club and Txiki, and in this case Hugo as well. Both will decide. “What is going to happen will happen, but he has to come back to start to play minutes again. “It’s not only Jack. There is not one player in my locker room, and I think all the locker rooms around the world, that is happy when they do not play. “When the team is winning and winning, they have to figure out how everything happens – but they are not happy. “They are here to play and, when they don’t play, they are not satisfied. That is the normal position in all the clubs.” Source link #Jack #Grealish #Writing #wall #Manchester #City #midfielder #Shay Pelican News View the full article at [Hidden Content]

“Gettysburg” movie director on the importance of historical reenactors “Gettysburg” movie director on the importance of historical reenactors “Gettysburg” movie director on the importance of historical reenactors – CBS News Watch CBS News This week on “The Takeout,” writer and director Ron Maxwell explains why he used reenactors in his film “Gettysburg.” “Reenactors are a living Civil War historian,” Maxwell told CBS News’ Major Garrett. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link #Gettysburg #movie #director #importance #historical #reenactors Pelican News View the full article at [Hidden Content]

Reds’ title hangover continues on the road to Brighton Reds’ title hangover continues on the road to Brighton Substitute Jack Hinshelwood has scored with his first touch of the ball and gave Brighton & Hove Albion a thrilling 3-2 win over Liverpool and kept alive their slim chance of European football. Brighton’s attempts to sneak into Europe became complex after bitter rivals Crystal Palace’s shock FA Cup final win over Manchester City. If fourth-placed Chelsea win the Europa Conference League next week, there is a chance that the eighth-placed team in the Premier League can qualify for next season’s Conference League. Monday night’s win lifted Brighton into that coveted eighth spot, three points above Brentford, four ahead of Fulham and five clear of Bournemouth. Mohamed Salah made his 300th Premier League appearance but Liverpool rested several players at the Amex Stadium, including captain Virgil van Dijk and Trent Alexander-Arnold. The Reds took the lead after just nine minutes, and in doing so became only the third team in Premier League history to score in every one of their away games. Conor Bradley, in his first start since signing a new four-year contract on Saturday, cut the ball back from the byline for Harvey Elliot to side-foot home. The Seagulls, though, fought back in an end-to-end encounter. Danny Welbeck missed a golden chance after half an hour but Yasin Ayari made no mistake two minutes later to level the score. Liverpool were back in front by the break after Dominik Szoboszlai’s memorable cross-****-shot on the stroke of halftime. Japanese Kaoru Mitoma equalised in the 69th, just four minutes after his introduction. It was his third goal in four games, all of them as a late substitute. Hinshelwood then stole in at the back post to convert Matt O’Riley’s low cross and, although the offside flag was raised, the goal was given after a video review. It was a winning introduction for Hinshelwood, who came on alongside his 17-year-old cousin Harry Howell. Howell also made history by becoming Brighton’s youngest ever Premier League player. Arne Slot’s Reds have now taken only one point from three games since clinching the title on April 27. With PA. Source link #Reds #title #hangover #continues #road #Brighton Pelican News View the full article at [Hidden Content]

Nike Reminds Everyone About Scottie Scheffler’s 2024 Arrest as He Celebrates Winning PGA Championship Nike Reminds Everyone About Scottie Scheffler’s 2024 Arrest as He Celebrates Winning PGA Championship Nike poked fun at Scottie Scheffler’s 2024 arrest after he won the 2025 PGA Championship on May 18 The brand joked that Scheffler is “guilty” of being the “best player in the world” Charges against Scheffler were ultimately dropped after he was arrested before competing in the 2024 PGA Championship Nike and Scottie Scheffler are laughing about his 2024 arrest, one year and one massive trophy later. After Scheffler, 28, won the 2025 PGA Championship on Sunday, May 18, Nike’s official social media accounts celebrated his victory by reminding fans about the golfer’s unexpected arrest at the tournament just one year before. Advertisement Over a photo of Scheffler taking a swing at the Quail Hollow Club in North Carolina, Nike wrote, “Best player in the world? Guilty.” “The verdict is in,” the brand wrote in the caption, poking fun at his arrest at the 2024 PGA Championship. The caption of the post, also shared on Scheffler’s account, concluded, “World No. 1 @scottie.scheffler is the PGA Champion.” Fans loved the reference and quickly took the comment section to applaud the creative choice. “Whoever thought of this needs a raise,” one comment with 208 likes said. Another said, “Had this waiting in the vault for a whole year! Perfection @nike.” On Monday, May 19, Scheffler shared photos from his victory at the PGA Championship, writing, “This week was unforgettable! All glory to God. #pgachampionship.” Advertisement Scheffler was arrested on the morning of May 17, 2024 as he was arriving at the course’s entrance, which had been taken over by a police scene after a man was tragically struck and killed by a shuttle bus as he attempted to cross the street about an hour earlier. Scheffler reportedly tried to drive around the the ****** by way of the median, and continued to drive despite a police officer instructing him to stop. When he finally did stop the car, he was pulled out of the vehicle and placed in handcuffs. Soon after the tournament ended, in which Scheffler finished tied for 8th place, the city announced that there were errors in the police department’s handling of the case, and charges were ultimately dropped. “Based on the totality of evidence, my office cannot move forward in the prosecution of the charges filed against Mr. Scheffler,” Jefferson County Attorney Mike O’Connell said on May 29, 2024. Scheffler, who had welcomed son Bennett with his wife Meredith just days earlier on May 8, had been facing a felony charge of second-degree assault of a police officer, as well as multiple misdemeanor charges including third-degree criminal mischief, reckless driving and disregarding traffic signals from an officer directing traffic. Never miss a story — sign up for PEOPLE’s free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories. Jared C. Tilton/Getty Scottie Scheffler on April 20, 2024 in South Carolina On May 23, Mayor Craig Greenberg and Chief Jacquelyn Gwinn-Villaroel said that Detective Bryan Gillis had faced penalization after the LMPD found that he failed to activate his body-worn camera during Scheffler’s arrest, which violates the department’s standard operating procedures. Read the original article on People Source link #Nike #Reminds #Scottie #Schefflers #Arrest #Celebrates #Winning #PGA #Championship Pelican News View the full article at [Hidden Content]

BlackRock’s Rick Rieder says this is the ‘sweet spot’ in bonds now BlackRock’s Rick Rieder says this is the ‘sweet spot’ in bonds now With the tariff-induced volatility in the rearview mirror, BlackRock’s Rick Rieder has once again set his sights on high-yield bonds. Yet, he is sticking with those that have maturities of three to five years. That is because he expects more volatility in long-end rates. Yields on 10- and 30-year Treasurys spiked on Monday after Moody’s downgraded the U.S. credit rating one notch to Aa1 from Aaa late Friday. The 30-year hit a high of around 5.03%, while the 10-year at one point topped 4.5%. Rieder, Blackrock’s chief investment officer for global fixed income, had recently reduced some of the high-yield exposure in the exchange traded fund he manages, the iShares Flexible Income Active ETF (BINC) . The bonds were hit in early April after President Donald Trump announced his tariff policy, sending many investors fleeing to safer assets. BINC YTD mountain iShares Flexible Income Active ETF in 2025 Still, Rieder is convinced that any economic pullback will be short lived and thinks the U.S. economy is in good shape. He is now adding more higher-yielding assets back into his portfolio. “U.S. high yield is still attractive — but higher quality,” he said. BB-rated bonds, the highest rated of the non-investment grade tranche, trades rich since it gets crossover buyers from investment grade, Rieder said. He doesn’t own any CCC-rated bonds, which he said could see defaults if there is an economic slowdown. The B-rated segment is the “sweet spot,” he noted. “You get yield,” he added “Credit is in as good a shape as I’ve seen it in 30 years.” BINC, which began trading publicly on this date two years ago and now has more than $9 billion in assets, currently has nearly 40% of its portfolio in high-yield corporates and loans. Of that, the majority is in U.S. high-yield corporate bonds. The exchange-traded fund has a 30-day Securities and Exchange Commission yield of 5.57% and a net expense ratio of 0.4%. Rieder likes agency mortgage-backed securities on the other side of high yield as a barbell approach. The assets are debt obligations backed by the government, meaning there is little credit risk. Their cash flows are tied to the interest and payment on pools of mortgages. “When rate volatility picks up, it can cheapen up mortgages,” he said. “So we added some mortgage paper.” Rieder has also recently been adding European sovereign bonds from Germany, as well as some peripheral sovereigns such as France, Ireland, Spain and Italy. He’s focusing on the five- to 10-year part of the curve. “As a dollar investor, because of the FX [currency] swap … European rates are pretty interesting,” Rieder said. After several years of negative interest rates, “now you’re getting to buy yields with a steep yield curve,” he added. Source link #BlackRocks #Rick #Rieder #sweet #spot #bonds Pelican News View the full article at [Hidden Content]

Scoop: Schumer to seek vote on blocking Qatar's gift to Trump – Axios Scoop: Schumer to seek vote on blocking Qatar's gift to Trump – Axios Scoop: Schumer to seek vote on blocking Qatar’s gift to Trump AxiosTrump threatens ABC News over Qatar jet coverage The HillChuck Schumer Will Introduce A Bill Targeting Qatar’s Gift Plane To Trump ForbesTrump’s New Qatari Jet Would Be Just Like the Statue of Liberty, Obviously Mother JonesRand Paul says Trump’s Qatar jet plan could undermine the wins from his Middle East swing Politico Source link #Scoop #Schumer #seek #vote #blocking #Qatar039s #gift #Trump #Axios Pelican News View the full article at [Hidden Content]

Crucial announces T710 SSD with 14.9 GB/s of performance, X10 portable SSD up to 8TB Crucial announces T710 SSD with 14.9 GB/s of performance, X10 portable SSD up to 8TB Crucial launched its new T710 SSD here in Taipei, Taiwan, at Computex 2025, touting speeds of up to a blistering 14.9 GB/s and 2.2 million IOPS over the PCIe 5.0 interface. The T710 has numerous advantages over the prior-gen model, the T705, which we found to be the fastest SSD on the market at the time and a go-to recommendation on our list of Best SSDs. Crucial also announced the X10 series of portable SSDs that offer up to 8TB of storage in a slim, attractive form factor. The company also teased a USB4 portable SSD prototype that delivers up to 4GB/s of throughput. The Crucial T710 is the focal point, though. Crucial has upped the performance ante on its fastest SSD while cramming it into a slimmer form factor suitable for laptops and lowering power consumption and heat. Image 1 of 7 (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) The Crucial T710 will come both with and without a heatsink, with the bare SSDs arriving to market June 1. The heatsink-equipped models will arrive later in the quarter. Notably, the SSD comes in a single-sided form factor that enables use in laptops, a huge advantage over the prior-gen model that will foment broader support from OEMs. You may like Crucial has also slimmed down the thickness (Z-height) of the heatsink-equipped model from 21mm to 11mm, making for a slimmer design courtesy of the new circular air channels (you can see a side-by-side comparison with the prior-gen T705 in the album below). The company also built in an LED activity light into the T710’s PCB, and a diffuser on the top of the heatsink glows white when the drive is chewing through workloads. Image 1 of 7 (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) Speed is the word of the day, though. The T710 provides up to 2.2 million IOPS of random read performance, a 28% gen-on-gen improvement, and 1.8 million IOPS of random write performance, a 42% improvement. Perhaps more impressively, the drive reduces power by 67% and 80% during random read/write workloads, respectively. Peak sequential read/write bandwidth weighs in at 14.9 / 13.8 GB/s, with performance varying by the capacity of the drive. The drive also offers between 600 and 2,400 TB of write endurance (TBW), again varying by capacity. The SSD is also optimized for the game-boosting DirectStorage tech. Crucial uses the SMI 2232 SSD controller with the drive, a notable shift from the Phison SSD controller it used with the T705. This controller has much lower power consumption, which helps with power efficiency and cooling. Micron pairs the controller with its 276-Layer G9 TLC NAND running at a blistering 3,600 MT/s. Get Tom’s Hardware’s best news and in-depth reviews, straight to your inbox. Image 1 of 4 (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) Image 1 of 2 (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) Image 1 of 10 (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) (Image credit: Tom’s Hardware) Source link #Crucial #announces #T710 #SSD #GBs #performance #X10 #portable #SSD #8TB Pelican News View the full article at [Hidden Content]