Investments and Business

The Federal Reserve's preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending - good news for central banks aiming to control rising prices and curb demand. The personal consumption expenditures (PCE) index rose 2.6% year-over-year in May, in line with economists’ expectations and down slightly from a 2.7% gain in April. Excluding the more volatile food and fuel prices, the “core” inflation measure also rose 2.6% year-over-year, down from 2.8% in April. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing any significant increase. The Federal Reserve is likely…

Julien Bernard’s Tour de France journey took an emotional turn on Friday, but it came at a surprising price. Riding on his home turf of Burgundy during the stage seven time trial, Bernard veered off the course for a quick embrace with his cheering wife and son. The touching moment, greeted with cheers from the crowd, earned Bernard a 200 Swiss franc ($223) fine from the Union Cycliste Internationale (UCI) for "unsporting conduct." The governing body's decision sparked a debate online, with some questioning how a show of family support could tarnish the image of the sport. “It was a…

The narrow alleys of West Bank refugee camps are covered with black tarps to hide Palestinian fighters from Israeli drones. Green Hamas flags and “martyrs” banners adorn buildings damaged by Israeli raids and airstrikes aimed at curbing the growing militancy fueled by the Gaza conflict. This scene, however, does not take place in Gaza or a traditional Hamas stronghold, but in a refugee camp in Tulkarem, a city in the Israeli-occupied West Bank where the moderate Palestinian faction Fatah has long held sway. Recently, I met Muhammad Jaber, a local commander, in one of these dusty, war-torn alleys. At 25,…

This article is part of Neglected, a series of obituaries about extraordinary people whose deaths, beginning in 1851, were not reported by The Times. For many fashionable women of the mid-20th century, a hat wasn't worth wearing unless it was made by Otto Lucas. Lucas was a London milliner famous for his elegant turbans, caps and cloches, often made of fine velvets and silks and decorated with flowers or feathers. Her designs have graced the covers of magazines such as British Vogue and have been worn by illustrious clients, including actresses Greta Garbo and Gene Tierney, as well as the…

DETROIT – Miles Russell’s pants didn’t quite fit during the first round of the Rocket Mortgage Classic on Thursday. A recent growth spurt has left the 15-year-old, now 5 feet 7 inches, in pants designed for someone shorter. Russell, who weighs 120 pounds and has a 28-inch waist, showed off his ankles as he strolled around Detroit Golf Club. Russell made his PGA Tour debut, shooting a 2-over 74. Born in 2009, he signed autographs for kids and adults while being followed by a PGA Tour Live camera. He teed off for 7,370 yards and played alongside the top-ranked players.…

At a recent meeting with the Workers' Party in Pyongyang, North Korean leader Kim Jong-un announced a promising harvest and a new defense treaty with Russia. However, what attracted the most attention was the introduction of a new accessory: breast pins with the image of Kim Jong-un, as shown in photos by state media. The Kim family, in power in North Korea since 1948, has long been revered as a godlike figure. Portraits of Kim Jong Un's grandfather, Kim Il Sung, and his father, Kim Jong Il, adorn every home and office, and citizens are required to wear pins depicting…

"Inside Out 2," featuring Anxiety personified, maintained its position as the top film in North America for the third consecutive weekend. Meanwhile, "A Quiet Place: Day One," a suspenseful prequel, exceeded expectations with its strong ticket sales. However, Kevin Costner’s three-hour film “Horizon: An American Saga – Chapter 1” was largely ignored by moviegoers. Originally intended for streaming, this supposed start to an Old West series eventually made it to theaters, but failed to attract significant interest. Pixar’s “Inside Out 2” was projected to gross $57.4 million, reaching a three-week total of about $470 million in the U.S. and Canada,…

The leader of the Universe gang, Vova, brother of Marat, has just returned from the harrowing Soviet-Afghan war. Despite the horrors he has witnessed, he seems unfazed, and his peers show no curiosity about his experiences. This sets the tone for the series: a world so devoid of meaning that it becomes impenetrable. Director Zhora Kryzhovnikov confines the camera to the stark, rectilinear apartment blocks, never venturing beyond. While the period details are surprisingly accurate, the true essence of Kazan remains elusive. The plot oscillates between frenetic activity and inertia. The play takes place at a crucial moment in history.…

USA Today Editor-in-Chief Terence Samuel announced Monday he is stepping down after a year in office. Samuel, a veteran journalist, had joined USA Today in July of the previous year from National Public Radio, where he had been a senior executive overseeing all news programs. Neither Samuel nor USA Today gave a reason for his departure. In an email to the newsroom, Monica Richardson, a senior vice president at USA Today, said Samuel’s resignation was “effective today.” Caren Bohan, the political editor, will temporarily take over as managing editor while the publication conducts a national search for a new chief…

Orlando Cepeda, the second Puerto Rican-born player to be inducted into the Baseball Hall of Fame, died Friday at the age of 86. The San Francisco Giants announced his death but did not disclose a location. Cepeda played 17 MLB seasons, mostly as a first baseman, hitting 379 home runs, hitting 2,351 hits and driving in 1,365 runs with a .297 batting average. He was the National League Rookie of the Year in 1958 and the MVP in 1967, helping the St. Louis Cardinals win the World Series that year. He batted over .300 in nine seasons and appeared in…