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Warriors survive De’Aaron Fox, late Stephen Curry foul in Game 4 thriller to tie Kings 2-2

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April 23, 2023;  San Francisco, California, USA;  Golden State Warriors guard Stephen Curry (30) reacts after scoring a goal against the Sacramento Kings during the second quarter of the 2023 NBA Playoffs at Chase Center.  Mandatory Credit: Darren Yamashita-USA TODAY Sports
April 23, 2023; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) reacts after scoring a goal against the Sacramento Kings during the second quarter of the 2023 NBA Playoffs at Chase Center. Mandatory Credit: Darren Yamashita-USA TODAY Sports

The Golden State Warriors won 126-125 against the Sacramento Kings in a Game 4 thriller in San Francisco on Sunday.

The Warriors survived a crucial late mistake by Stephen Curry as they pulled away from the brink of elimination to tie the series at 2-2 and send the series back to Sacramento.

Curry battled with De’Aaron Fox throughout the game while leading the Warriors with 32 points, 10 of which came in the fourth quarter. But the game nearly unraveled when Curry called a timeout without Golden State.

A technical foul that followed and a Fox 3-pointer with 28.1 seconds left led the Kings to cut their deficit to 126-125. A defensive stop on the next Golden State possession set them up for a potential game-winner with a 3-1 series lead. But Harrison Barnes’ 3-pointer in the final seconds of the game went wide, and the Warriors survived with the win.

Fox scored 12 of his 38 points in the fourth quarter to help cut a 10-point 3rd quarter deficit to 1. He had the ball in his hands to start the final possession, but a double-team by Curry and Draymond Green forced him out. Out to Barnes for the final shot. Barnes was open after Green switched him off, but the ball bounced off the back of the rim when the final buzzer sounded.

A late Steph miss saves the players

After the Warriors had the ball in the game’s final 45 seconds and built a five-point lead, a late stop prevented a nasty collapse. But Curry called a timeout that the Warriors didn’t have with 42.1 seconds left as Golden State took the lead.

The infraction drew a technical foul that forced Malik Monk to make a free throw to cut Golden State’s lead to 126-122.

It also gave Sacramento the ball. After a missed Barnes jumper and an offensive rebound, Fox put the Warriors ahead with a deep pull-up 3 over Green’s outstretched right arm. The shot cut Golden State’s lead to 1, but the Kings never regained the lead.

Sifan Hasan wins the London Marathon in a stunning comeback

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Olympic track champion Sifan Hassan of the Netherlands ran his first marathon on Sunday and staged a stunning comeback to win the London Marathon in one of the most dramatic and unexpected finishes in racing history.

In winning, Hasan, 30, showed his impressive range as a runner – he won three medals in three short distances on the Tokyo Olympic track two years ago and set a world record in the mile – but also his inexperience as a marathoner.

An Ethiopian-born Dutch athlete best known for her middle-distance success, Hassan fell off the pace about an hour into the race, stopping at least once to stretch her aching left hip. She later said she offered one of her competitors a drink while still running after missing a water stop — a result she never trained for.

Hassan did it all despite training for the race during Ramadan, a month of fasting that left him unable to complete long runs without eating or drinking during the day.

Yet at the finish line Sunday, she injured her knee a few yards past the tape she had just broken, wrapped in a pink towel and seemed to talk about what she had accomplished.

“I can’t believe it,” she said to no one in particular.

“I learned to be patient and run your own race,” Hasan told a news conference. “Keep going and maybe you’ll be surprised.”

His race was not a textbook marathon. She stopped for about an hour, clearly struggling, slowing down as she stretched. She soon began to feel better, but returned to hunting. He closed the mile-long gap on a pre-running group that included experienced marathoners such as Olympic gold medalist Peres Jepsirchir of Kenya and reigning London Marathon champion Yalemserf Yehuala of Ethiopia.

As he crept closer to the front through the rain-soaked streets of Westminster, Hassan swung first. From the point of view of leaders Then on their shoulders. Finally, as she rounded the last turn of the race, a huge grandstand filled with spectators in front of Buckingham Palace let out a roar. He set off to close the 1,500m race.

Her final two rivals, Alemu Megertu and Jebsirsir of Ethiopia, were no match for her. Just like that, Hassan, in his first race, became a marathon champion. Crossing the line at a sprinter’s pace, she covered her face with her hands in disbelief.

Hassan finished in 2 hours 18 minutes 33 seconds. Megerdu finished second, Jepsirsir third and Yehulau fourth.

Kenya’s Kelvin Kipdam won the men’s race, posting the second fastest time in history. Kipdam collapsed at the line after finishing in 2:01:25 – just 16 seconds short of the world record held by his countryman Eliud Kipsoj. Well clear of the rest of the elite field, Kipdam faded near the finish, but finished nearly three minutes ahead of Kenyan runner-up Geoffrey Kamworer, who finished second in 2:04:23.

“I’m very happy with the result,” said the 23-year-old Kipdam. “I don’t know what to say right now, I’m just grateful.”

Hassan is no stranger to winning, or soliciting, running propositions. He won gold medals in the 5,000 and 10,000 meters at the Tokyo Olympics and bronze in the 1,500, six grueling races over nine days.

That experience was still fresh in Hasan’s mind when he woke up one morning and decided to run London.

In an interview before the race, he admitted that he entered the race on a whim, and that training during Ramadan prevented him from improving his training. “Sometimes I wake up, ‘Why I decided to run a marathon?” She had said that last week.

She admitted that not only did she not expect to win, but she didn’t even believe she would finish. “I already have nerves, almost a month,” he said. “And I’m really scared of a marathon.”

Her goal, for the most part, is to learn from her London experience so she can benefit from it if she ever tries the distance again. The most important thing is to finish the race,”So I know what to do next time.”

Next time, whenever it comes, he will cross the starting line as a major marathon champion.

Meghan hits out at UK media over King Charles letters

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LONDON, April 22 (Reuters) – Meghan, the wife of Britain’s Prince Harry, criticized the British media on Saturday over reports she exchanged letters with Charles over his decision not to attend his coronation, amid his latest spat with journalists.

The Daily Telegraph reports that Meghan has written to the current monarch to express her concerns about unconscious bias in the royal family. The letter came after the family expressed concern about how dark their son’s skin would be in a 2021 interview with Oprah Winfrey.

It said the Duchess of Sussex did not feel she had received a satisfactory response to her concerns.

“The Duchess of Sussex is currently going about her life and is not thinking about the letters from two years ago that relate to conversations four years ago,” Meghan’s spokesman said.

“Any suggestion otherwise is false and frankly ridiculous. We encourage the tabloid media and various state correspondents to stop the tiresome circus that they alone are creating.”

Prince Harry will attend next month’s coronation without Meghan, who will be in California with the couple’s two children. Their eldest, Archie, turned four on the same day.

Harry and Meghan stepped down from royal duties in March 2020, saying they wanted to make a new life in America away from media harassment.

Report by Michael Holden; Written by Kylie MacLellan; Editing by Jonathan Otis Editing by Jonathan Otis

Our Standards: Thomson Reuters Trust Principles.

What happened to Frank Ocean at Coachella? – Rolling Stone

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Frank Ocean’s Coachella performance last Sunday (April 16) was so weird that so much of it happened backstage, some critics thought it must have been a deliberate, clever reconfiguration of expectations for the festival’s headliners. Or something. Ocean himself later said, “That’s not what I meant to show” and canceled his performance at Coachella’s second weekend, which his reps said was on doctor’s orders due to a leg injury. All in all, while the world is still waiting for a sequel to 2016’s instant-classic, no one expected it from his first performance since 2017. Blonde.

In the new chapter Now Rolling Stone Music, Tomasz Meier (who covers Coachella) and Simon Wojciech-Levinson join host Brian Hiatt to discuss Ocean’s potential mindset, whether it’s okay to admit that even geniuses can have bad nights on stage (the answer is “no” to Justin Bieber), and Ocean’s full record so far. A brilliant and chaotic life. Find the chapter Here Go directly to the podcast provider of your choice Apple Podcasts Or SpotifyOr press play above.

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We also discuss the new details included Rolling Stone100 ice skaters were set to join the performance before Ocean suddenly changed his mind (again, his representatives blamed a leg injury for any changes.)

Download and subscribe Rolling StoneWeekly Podcast, Rolling Stone Music Now, Brian Hiatt hosted that day Apple Podcasts Or Spotify (or Anywhere receive your podcasts). Watch six years’ worth of episodes in the archive, including in-depth, industry-specific interviews with Bruce Springsteen, Mariah Carey, Halsey, Neil Young, Snoop Dogg, Brandi Carlyle, Phoebe Bridgers, Rick Ross, Alicia Keys, The National. , Ice Cube, Taylor Hawkins, Willow, Keith Richards, Robert Plant, Dua Lipa, Questlove, Killer Mike, Julian Casablancas, Sheryl Crow, Johnny Marr, Scott Weiland, Liam Gallagher, Alice Cooper, Fleetwood Mac, Elvis Presley, Donald Fagan, Charlie Puth , Bill Collins, Justin Downs Earle, Stephen Malkmus, Sebastian Bach, Tom Petty, Eddie Van Halen, Kelly Clarkson, Pete Townshend, Bob Seger, The Zombies, Gary Clark Jr. and others. Additionally, there are dozens of chapters featuring genre-spanning discussions, debates, and explainers Rolling StoneCritics and reporters.

Savannah Chrisley’s Southwest Rand Airline sparks reaction: She tells a ‘different story’

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Savannah Chrisley went on a rampage against Southwest Airlines after an attendant manning the airline’s airport kiosk kicked her off the plane because she wanted to take her bag instead of checking it. However, a representative of the airline told ET that he told a “weird story”.

The podcast host took to her Instagram Stories on Thursday to post several videos saying she was supposed to be on a flight home, but instead missed her flight and was forced to board another flight with a connecting stop in Baltimore. Chrisley said the trouble started when the attendant said she needed to check her bag and couldn’t take it.

“So I officially know why everyone hates Southwest so much,” she began her video.

He dissected his video to show the attendant who allegedly kicked him off the plane and called him names before calling him a “danger” and an “a**hole”.

“So, I went to get on my plane to board and he told me he wanted to check my bag,” Chrisley said. “I was like, ‘OK. I’m going, if you don’t mind, I’ll take my bag on the plane. [and] See if I can match it, if not, I’ll check it out. His exact words were, ‘No, that won’t happen.

“Well, well, if I have to check it we’ll go ahead and put a tag on it, but I’d like to see if there’s any room for it,” she continued, “and he’s gone, you’re an unruly traveller.

Chrisley said the pilot was “standing next to me” and told the attendant “he needs to be quiet, he’s going to find a place for my bag.”

“The Southwest attendant actually saw the pilot — the flying man,” said parents Todd and Julie Chrisley, who are serving 19 years in prison after being convicted of federal tax fraud. Responsible for our flight and our safety, the most important person at Southwest Airlines — he looked at him and said, ‘Stay out of it.’

Chrisley then said the attendant told her she wasn’t on the plane.

A Southwest Airlines representative tells ET that it is aware of Chrisley’s video and is “looking into the situation.” The rep continued, “Our initial reports indicate a different story than the customer’s account, that she was late in the boarding process and repeatedly insulted our employee after being asked to gate-check her bag.”

The representative continued, “As a result, the customer was denied boarding on her original flight and we rebooked her on a later flight later that day.”

Chrisley admitted to insulting the assistant after the pilot engaged in his story.

“Now, I’m not going to lie, when this Southwest attendant told the pilot to calm down, I told the Southwest attendant that he didn’t need to be an a**hole today,” she said. “Then he threw me out of the plane.”

Chrisley said she told the aide she wanted to take her 10-year-old sister home that night, but the aide told her, “I don’t care.”

She went on to trash the airline, and begged the “handsome” pilot to switch airlines, and even took a breakup scene with a flight attendant.

“I believe he found a better purpose for his life,” Chrisley said in his video. “Maybe I shouldn’t have said it. But the devil came over me, and then Jesus didn’t come out.”

Chrisley said he would “never fly” Southwest again and that “your airline service is so bad that the airline should put your flight together.”

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Manhattan DA and House Republicans resolve dispute over Trump investigation

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Manhattan District Attorney Alvin Bragg agreed Friday to allow a former prosecutor from his office to testify at a House GOP investigation into the DA’s case against former President Donald Trump.

Bragg and House Judiciary Chair Jim Jordan, R-Ohio, filed a joint motion Friday that would clear the way for Mark Pomeranz to vote next month.

Spokesperson of the House panel A Report A vote was scheduled for May 12 after Prague’s office withdrew its appeal.

Bragg tried to block elements of the House Judiciary Committee’s investigation last week. Bragg alleges in his lawsuit that the GOP-led panel and Jordan are trying to interfere with his impeachment of Trump.

After a district court ruled Wednesday that Pomerantz must testify before the Judiciary Committee pursuant to a subpoena from the group, Bragg appealed, temporarily blocking the lower court’s ruling.

A spokeswoman for the Manhattan district attorney’s office said Friday that its effort to temporarily block the subpoena “gave us the time we needed to coordinate with the House Judiciary Committee on an agreement that protects the district attorney’s privileges and interests.”

“We are pleased with this resolution, which ensures that any questions from our former employee will be heard in the presence of our general counsel in a reasonable, agreed-upon timeframe,” the spokesperson added.

Jordan’s spokesperson responded to NBC News: “He would have gotten a lawyer anyway. Total spin zone.”

Bragg’s office is suing him over his role in payments to Trump at the end of the 2016 presidential campaign. Trump pleaded not guilty this month to 34 felony counts of falsifying business records.

Jordan said this month that Pomerantz’s previous role with the DA’s office, leading an investigation into Trump’s finances, “was uniquely positioned to provide relevant and necessary information” to his team’s investigation into Bragg’s prosecution of Trump. Jordan argued that Pomerantz had previously shared information about the matter in a book and in media interviews.

Lyft to cut 1,200 jobs to cut costs

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Lyft, which has been struggling financially as it tries to compete with its rival Uber, said Friday it plans major job cuts.

The layoffs, expected next week, will affect about 1,200 people, according to a person familiar with the situation. It was the first significant move by the company’s new chief executive, David Risher. Mr. Risher had been considering the cuts for several weeks, even though Monday was his first official day as the company’s CEO, the person said.

“We need to reduce our costs to provide affordable rides and provide drivers with compelling revenue and profitable growth,” said Mr. Risher said in a memo to staff. The money saved from the cuts will be used to “invest in competitive pricing, faster pick-up times and better driver revenue,” he said.

Mr. Risher said that if employees are out of a job, they will be notified the following Thursday, and that Lyft offices will be closed for the day.

News of job cuts at Lyft, which employs about 4,000 workers, was reported earlier The Wall Street Journal.

“This is a difficult decision, and one we have not taken lightly,” Lyft spokeswoman Sona Ilif-Moon said in a statement. “But the effect will be a much stronger, more competitive one.”

A former Amazon and Microsoft executive who served on Lyft’s board, Mr. Lyft announced in March that Risher would take over from company founders John Zimmer and Logan Green. Both are stepping down from their executive positions but remain with the company as members of the board.

Lyft, long second only to Uber, has emerged from the pandemic in stronger shape, thanks to its investment in food delivery and its global ride-hailing business.

In November, Lyft laid off 13 percent of its workforce. In February, the company reported record revenue, but warned that it would be slowed by economic challenges that could drive down prices. Mr. Trump says keeping prices competitive is a key part of his strategy to differentiate Lyft from Uber. Risher said.

Lyft workers had been anticipating layoffs for months. Business consultants were brought in to help departments justify their budgets and make cost-cutting recommendations, three current and former employees said, and company executives indicated that more workers could lose their jobs throughout the spring.

Employees expected the layoffs to come in mid-April, before managers are scheduled to write annual performance reviews and executives decide on compensation for the year.

TNT’s Charles Barkley blasts officials on James Harden, Joel Embiid mistakes in Sixers win

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Hall of Famer Charles Barkley is definitely one of us. Last week, TNT NBA Analyst Complain about the brutally late start times during the NBA playoffs. On Thursday, he was trashing the refs.

During the Sixers’ surprisingly exciting 102-97 victory over the Brooklyn Nets in Game 3 of the first round of the playoffs, Sixers guard James Harden was ejected for a flagrant foul 2 after making contact with Royce O’Neal. In the third quarter. Officials said Harden made contact “directly to the groin,” which the Sixers star denied following the game.

The move came after Embiid was ejected after kicking Nets center Nick Claxton in the groin and receiving a technical foul for going past the Sixers star. The officials decided to slap Embiid with a flagrant 1, allowing him to stay in the game.

Barkley thought the officials overplayed it — Embiid should have been ejected and Harden allowed to stay in the game, at one point when he and Shaquille O’Neal got into a heated exchange at halftime.

“You can’t hit him in the hip, you’ve got to kick him in the hip. Then you don’t get caught,” Barkley said following the game. “If you kick him, you can get away with it … So kids at home, don’t kick the boys in their trash. Kick them in the trash.”

“I did not understand the authority in those two calls. One was accidental, one was intentional,” Barkley said. “James’ was an accident… I don’t know how you can call it blatant 2.”

Barkley’s fellow TNT analysts also thought the officials were wrong to eject Harden.

“In this era of basketball, every guard is hooking on their dribble or fumbling with that offhand to get a better position,” Shaq said. “He’s not doing it on purpose, but he’s been abusing it for years to get in touch.”

Nets coach Jack Vaughn stood by Barkley following the game.

“I don’t think I’ve ever seen a guy intentionally kick someone in an area that none of us wanted to kick or aim at and he continued to play,” Vaughn said. . “I’ve never seen that before. A game and a guy can keep playing. On purpose.”

Despite Harden’s ejection, the Sixers took a 3-0 series lead. They go for a sweep at the Barclays Center in Brooklyn on Saturday at 1 p.m., a game that will again be televised nationally on TNT.

» Read more: Joel Embiid lucky to learn from win after nearly exiting Game 3

NBC Sports Philadelphia had fun with their headlines

NBC Sports Philadelphia also broadcast the Sixers’ Game 3 win, and the game producers decided to have a little fun with their kyrons.

During a postgame interview with Tyrese Maxey, who scored 10 points in the final three minutes, the headline read “flat-out winner.”

This isn’t the first time NBC Sports has given Philadelphia Sixers players extra credit.

Last month, after Joel Embiid sunk a game-winning jumper against the Portland Trail Blazers with one second left on the clock, producers added the headline “MVP voters, take note.” After Embiid scored the final 11 points against the Atlanta Hawks in a November win, Chiron read, “There’s a reason the crowd sings MVP.”

NBC Sports Philadelphia has exclusive TV rights to the first round. After that, every game will be televised on ESPN or TNT. The network still has one more playoff game — Game 4 in Brooklyn on Saturday afternoon with Kate Scott and Alaa Abdelnaby.

» Read more: PJ Tucker vs. Ben Simmons This makes him a must for the Sixers.

Quick wins

  • Former Flyers enforcer and fighter Ryan Cote is a new star ESPN E60 A chapter examining the use of “magic mushrooms” in the psychiatric treatment of athletes. In an episode aptly titled “Peace of Mind,” Cote extols the benefits of psychedelic therapy in combating mental struggles. The episode begins Saturday at 11:30 a.m. on ESPN and will be available to stream on ESPN+.

  • CBS NFL analyst Tony Romo is aware of the criticism Romo received last season, especially during the playoffs — and he’s not surprised by it. “I think it’s normal,” Romo told the Dallas Morning News. “You have to remember that somebody’s opinion is always there. But 100 people come up to you and say they love you. You’re not going to please everybody. At the end of the day I think there’s a lot of people who really appreciate what we’re doing, and I think CBS is doing a great job with their broadcast team. I think.

  • NFL Hall of Famer Michael Irvin has been suspended by the NFL Network, even as he continues to maintain his innocence of sexual harassment allegations made against him by a hotel employee during Super Bowl week. The network announced its NFL draft coverage Wednesday, and Irving’s name was notably absent. A spokeswoman confirmed that Irwin.Suspended.” He joined the NFL Network in 2009 as an analyst.

Asia Pacific markets edged lower as core inflation in Japan held steady

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3 hours before

CNBC Pro: Bank of America or Citi? Analysts say a stock will rise 50%

4 hours ago

Business leaders shouldn’t turn over all decisions to artificial intelligence: Oracle

AI-powered tools can help with business decisions but leaders still need to retain decision-making power, an Oracle executive said.

“We think AI tools can be helpful for business leaders and decision makers. I don’t think the approach is that it changes all your decisions,” said Jason Maynard, executive vice president of software giant Oracle. CNBC’s “Squawk Box Asia” Friday.

He would be “very cautious” of any business out there replacing their decision makers entirely with robots.

“I think it’s a foundation but verifying information from the organizations. But I don’t think it’s going to change the ultimate decision makers in these organizations,” Maynard said.

– Sheila Chiang

4 hours ago

Japan’s central bank is open to revising yield curve controls this year: Reuters

Japan’s central bank is “warming to the idea” of making changes to its yield curve control policy later this year, but it will remain unchanged at next week’s meeting. Reuters reported.

Bank of Japan Governor Kazuo Uede will chair his first policy meeting since taking over as governor next week.

Reuters cited sources “familiar with the BOJ’s thinking” who said the bank’s approach should be one of certainty and not make major immediate changes to the YCC and its poor policy guidance.

However, the sources also said there could be a “lively debate on the fate of the YCC” when the BOJ meets in June and July. Sources said there may be opportunities to discuss a change in the near future, as major companies have offered big pay raises in annual spring wage talks.

– Lim Hui Jee

5 hours ago

Japan’s factory activity continued to contract in April, but was offset by a strong services sector

Index of Japan Manufacturing Purchasing Managers It rose to 49.5 in April The sector’s slowest contraction in six months, down from 49.2 in March. This is according to flash estimates from au Jibun Bank.

PMI measures factory and manufacturing activity as viewed by purchasing managers. A number above 50 indicates expansion compared to the previous month, while a number below 50 indicates contraction.

The flash services PMI in April was little changed at 54.9 compared with 55 in March and was the second highest since October 2013.

“Japan’s private sector continued to expand solidly at the start of Q2 … a rebounding services economy is helping to offset weak manufacturing sector performance,” said Annabelle Fidesz, associate director of economics at S&P Global Market Intelligence.

The flash composite index reading fell to 52.5 in April from 52.9 in March.

– Yeo Boon Bing

5 hours ago

Services operation in Australia expands further in April: Juno Bank

Australia’s services sector expanded in April, with its Purchasing Managers’ Index hitting a 10-month high.

The country’s services PMI stood at 52.6, compared to March’s figure of 48.6. According to a private survey By Juno Bank.

The manufacturing PMI fell to 48.1 in April from 49.1 in March, marking the second straight monthly decline in business conditions in the manufacturing sector.

A PMI reading above 50 indicates sector expansion, while a reading below 50 indicates contraction.

– Lim Hui Jee

5 hours ago

The Infosys founder says he’s not worried that ChatGPT will replace humans

Nothing can beat the human mind – don’t worry too much about ChatGPT for now, says Narayana Murthy, founder of Indian IT giant Infosys.

ChatGBT, an artificial intelligence-powered chatbot, has taken the world by storm as it is said to perform various tasks including writing articles, coding and conducting human-like conversations.

“If there was a competition between you and me, you’d use the ChatGPT release as your base, and then you’d add your own variation, your own ingenuity, your own tweaking,” Murthy told the CNBC conversation.

“So, I’m not too worried about ChatGPT,” Murthy said. “Ultimately, I’m a big believer in the theory that the human mind is the most powerful imagination, the machine. Nothing beats the human mind.”

Read the full story here.

– Sheila Chiang

6 hours ago

Japan’s March core inflation was steady at 3.1%

Japan’s inflation rate March stood at 3.2%, slightly lower than February’s figure of 3.3%.

It was the second straight month of declining inflation after Japan’s inflation hit a 41-year high of 4.3% in January.

Core inflation, which strips out both food and energy costs, was steady at 3.1% from February.

– Lim Hui Jee

6 hours ago

CNBC Pro: Investing in the AI ​​boom? The senior technical fund manager owns 4 shares

Artificial intelligence is not a futuristic fantasy, but a reality that will transform many industries. From chatbots to content creation, AI is making its presence felt in the digital space and beyond.

Ben Rogoff, portfolio manager at Polar Capital, told CNBC that the current investment climate seemed like an ‘iPhone moment for artificial intelligence technology’.

The technology fund manager told CNBC’s Pro Talks that four large-cap stocks are driving the biggest and most tangible advances in artificial intelligence.

CNBC Pro subscribers can read more here.

– Ganesh Rao

6 hours ago

CNBC Pro: UBS calls this semiconductor stock a ‘buy’ — and doubles its price target

TSMC may be an obvious choice for investors with exposure to Asia’s semiconductor industry, but UBS prefers one of its lesser-known rivals.

Pro subscribers can read more here.

– Javier Ong

12 hours ago

Q1 Revenue Scorecard

The first quarter earnings season has kicked into high gear. According to Refinitiv, of the 81 companies in the S&P 500, 76.5% reported earnings above analysts’ expectations.

Expectations are low for corporate America with stubborn inflation and recession fears. S&P 500 companies are expected to post a 6.8% decline in revenue this quarter, marking the biggest revenue decline since the second quarter of 2020, according to FactSet.

– Yun Li

14 hours ago

The Fed’s Mester indicates that higher interest rates may be on the way

Cleveland Federal Reserve President Loretta Mester indicated on Thursday that interest rates may rise a little more this year and stay there for a while.

“I expect monetary policy to move into restrained territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time,” he said during a speech in Akron. Ohio

“How much higher the federal funds rate should go from here and how long policy should be restrained will depend on economic and fiscal developments,” Mester added.

With the benchmark federal funds rate currently targeted between 4.75%-5%, Mester’s comments indicated another hike could be on the horizon. This combines with the market price, which assigns an 83% probability of a 25 basis point increase in May. However, as the economy continues to slow, markets expect the Fed to taper before the end of the year.

Mester added that inflation has improved but remains “very high”.

“We are much closer to the end of the tightening journey than the beginning, and how much tightening is needed will depend on economic and financial developments and progress on our monetary policy goals,” he added.

– Jeff Cox

15 hours ago

Tesla has posted its worst post-quarter earnings since 2019

Tesla shares fell about 8% on Thursday as investors digested the earnings report that came after Bell on Wednesday. It was the worst post-revenue earnings for the electric vehicle maker since the pandemic began. Data from Bespoke Investment Group.

The stock has not seen a post-earnings open drop since the stock plunged 11.9% on July 24, 2019, company data shows.

The company posted a modest hit on revenue, while earnings per share were in line with analyst expectations. But both net income and GAAP earnings fell more than 20% from last year.

Thursday’s open was a stark contrast to when the company last reported earnings. Shares rose 10.8% on Jan. 25, the trading session following Tesla’s fourth-quarter report.

– Alex Haring

19 hours ago

Inflation remains a problem, says the Fed’s Williams

New York Fed President John Williams said on Wednesday that inflation remains an issue for the US economy, although he did not provide details on where he thinks policy should go.

“Inflation remains high, and we will use our monetary policy tools to restore price stability,” Williams said in a speech at New York University. According to Reuters. Markets widely expect the Fed to raise another quarter of a percentage point at its next meeting, and Williams didn’t dispute that view.

Along with his comments on inflation, Williams noted that the banking system has “stabilized” following the turmoil in March and said he did not expect the economy to tip into recession.

– Jeff Cox

Joe Biden: Plans are underway for the president to announce his bid for a second term next week

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(CNN) Plans are underway President Joe Biden A campaign-style video is expected to be officially announced as soon as next week, to definitively answer the question of whether he will run again and spark an aggressive fundraising effort to help Democrats take the White House.

A small circle of Biden’s closest advisers and allies is preparing for a video announcement on Tuesday, which coincides with the anniversary of Biden’s 2019 campaign announcement, according to four sources familiar with the matter.

Advisers inside and outside the White House warn that the timing could still change pending unforeseen events, but a decision has been reached that “it’s no longer helpful or necessary to be blunt: He’s running,” a senior Democratic official told CNN. .

Sensational and desirous of an anniversary, Biden signed a plan to formalize his intentions early Tuesday, four years after stepping back into public service to launch his campaign in 2019.

The importance of the tie-up to the anniversary and the fact that it comes just days before major donors gather starting next Friday made it more likely, one of the people said.

Biden plans to run for re-election Although not officially announced, there has been an open truth inside the West Wing for months.

His official announcement will end any lingering speculation about his intentions, setting off a battle to convince the public of his achievements and ability to continue serving into his eighties.

Biden said last week that he had ended his “prediction” on mounting a re-election bid and would soon announce his intentions.

“I’ve already created that account. We’ll announce it relatively soon,” Biden said as he departed Ireland. He completed a campaign-style rally, one of the biggest of his career.

“The trip here reinforced my belief in what can be done,” the president told reporters.

“I said my plan is to run again,” he said.

Biden’s aides have been quietly building an infrastructure for his re-election campaign for months. The effort was led by White House Vice President Jen O’Malley Dillon and senior adviser Anita Dunn.

This story has been updated with additional information.