WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell Trump subsequently backed off and said he had no intention of doing so he and Treasury Secretary Scott Bessent have said the Fed should cut rates They argue that inflation has steadily cooled and high borrowing costs are no longer needed to restrain price increases The Fed sharply ramped up its short-term rate in 2022 and 2023 as pandemic-era inflation spiked the head of Trump’s Department of Government Efficiency last Wednesday suggested that DOGE should look more closely at the Fed’s spending on its facilities The heightened scrutiny shows that even as the Trump administration backs off its threats to fire Powell the Fed is still subject to unusually sharp political pressures despite its status as an independent agency the Fed will almost certainly leave its key rate unchanged at about 4.3% when it meets Tuesday and Wednesday Powell and many of the other 18 officials that sit on the Fed’s rate-setting committee have said they want to see how Trump’s tariffs affect the economy before making any moves on Friday said on the social media platform Truth Social that there is “NO INFLATION” and claimed that grocery and egg prices have fallen and that gas has dropped to $1.98 a gallon That’s not entirely true: Grocery prices have jumped 0.5% in two of the past three months and are up 2.4% from a year ago Gas and oil prices have declined — gas costs are down 10% from a year ago — continuing a longer-running trend that has continued in part because of fears the economy will weaken AAA says gas prices nationwide average $3.18 a gallon though in the first three months of the year it was 3.6% according to the Fed’s preferred gauge economists say it’s possible the Fed would soon reduce its benchmark rate because it is currently at a level intended to slow borrowing and spending and cool inflation Yet the Fed can’t now cut rates with Trump’s broad tariffs likely to raise prices in the coming months said that the Fed is “scarred” by what happened in 2021 when prices rose amid supply snarls and Powell and other Fed officials said the increase would likely be “transitory.” Instead inflation soared to a peak of 9.1% in June 2022 “That’s a Fed that is going to have to wait for evidence and be slow to adjust on that evidence,” Reinhart said Trump’s badgering of Powell makes it harder for the Fed chair to cut rates because doing so anytime soon would be seen as knuckling under to the White House “You could imagine a world where there isn’t pressure from the Trump administration and they cut rates … sooner because they feel comfortable making the argument that they’re doing so because of the data,” he said Powell said last month that tariffs would likely push up inflation and slow the economy The central bank would typically raise rates — or at least keep them elevated — to fight inflation while it would cut them to spur the economy if unemployment rose Powell has said that the impact of the tariffs on inflation could be temporary — a one-time price increase — but most recently said it “could also be more persistent.” That suggests that Powell will want to wait to ensure tariffs don’t sustainably raise inflation before considering a rate cut Some economists forecast the Fed won’t cut rates until its September meeting Yet Fed officials could move sooner if the tariffs hit the economy hard enough to cause layoffs and push up unemployment Wall Street investors appear to expect such an outcome — they project that the first cut will occur in July WATCH: Trump criticizes Powell over interest rates, suggests he can remove Fed chair Musk criticized the Fed Wednesday for spending $2.5 billion on an extensive renovation of two of its buildings in Washington we should certainly look to see if indeed the Federal Reserve is spending $2.5 billion on their interior designer,” Musk said Fed officials acknowledge that the cost of the renovations have risen as prices for building materials and labor have spiked amid the post-pandemic inflation say that local regulations forced the Fed to do more of the expansion underground a former Fed governor and a potential candidate to replace Powell as chair when Powell’s term expires next year said recently that the Fed has attracted greater scrutiny because of its failure to keep prices in check “The Fed’s current wounds are largely self-inflicted,” he said in a speech during an International Monetary Fund conference in late April in which he also slammed the Fed for participating in a global forum on climate change “A strategic reset is necessary to mitigate losses of credibility worse economic outcomes for our fellow citizens.” said last month that “Fed independence is very widely understood and supported in Washington © 1996 - 2025 NewsHour Productions LLC PBS is a 501(c)(3) not-for-profit organization Subscribe to Here's the Deal with Lisa Desjardins Starbucks announced its new summer menu lineup for Starbucks Reserve and Roastery stores in New York City The company is continuing the ube trend started earlier this spring which Starbucks said is inspired by the Starbucks Reserve Ice Ube Coconut Latte Here is Starbucks’ full summer lineup for its Reserve and Roastery stores: • Ube Espresso Martini: A colorful twist on Starbucks Reserve’s Espresso Martini • Masala Chai Latte: Starbucks’ take on the traditional black tea blend from the Assam region of India • Crispy Hashbrown Egg Cup: A baked jammy egg inside a cup made of hashbrowns Related:Wendy’s cup scan promotion turns drink purchases into donations for foster kids Starbucks has also launched a summer menu for its non-Reserve stores which will be coming soon with more details in late May The company confirmed the return of Summer Berry Refreshers and a new Iced Horchata Oatmilk Shaken Espresso and Strawberries & Cream Cake Pop On the coffee chain’s earnings call last week CEO Brian Niccol also mentioned a new Frappuccino flavor Contact Joanna at [email protected] Joanna Fantozzi is a Senior Editor for Nation’s Restaurant News and Restaurant Hospitality She has more than seven years of experience writing about the restaurant and hospitality industry Her editorial coverage ranges from profiles of independent restaurants around the country to breaking news and insights into some of the biggest brands in food and beverage Joanna holds a bachelor’s degree in English literature and creative writing from The College of New Jersey and a master’s degree in arts and culture journalism from the Craig Newmark Graduate School of Journalism at CUNY Prior to joining Informa’s Restaurants and Food Group in 2018 and has previously held editorial positions at Insider (formerly known as Business Insider) and The Daily Meal Joanna’s work can also be found in The New York Times Her areas of expertise include restaurant industry news restaurant operator solutions and innovations Joanna Fantozzi has been a moderator and event facilitator at both Informa’s MUFSO and Restaurants Rise industry events Informa Restaurant & Food Group (August 2021-present) Informa Restaurant & Food Group (July 2019-August 2021) Freelance Food & Lifestyle Reporter (Feb As the restaurant industry struggles toward gender parity in leadership ranks these 52 women have become the standard-bearers for change Registered in England & Wales with number 01835199 rates at the Ritz-Carlton Reserve Niseko vary massively throughout the year rates range from $250 or so in spring or fall to over $2,000 per night in the peak of winter rates are by far the most expensive in January and February you’re best off arriving at New Chitose Airport (CTS) near Sapporo Seasonally (in winter), Niseko Direct Shuttle offers service between the airport and the hotel If your flight timing doesn’t coincide with when the shuttle service runs you can expect that a private transfer between the airport and hotel will cost somewhere around 50,000 JPY (~350 USD).Ritz-Carlton Reserve Niseko signageThe Ritz-Carlton Reserve is located in the Higashiyama area of Niseko so there aren’t many places you can walk a free shuttle is operated every 30 minutes over select hours to Hirafu (among other places) and there you’ll find lots of shopping Otherwise you can of course arrange private transfers — I’ve seen a lot of reports online about very limited taxi availability but we had good luck with Japan’s “GO” taxi app the Ritz-Carlton Reserve gets a failing grade you wonder if you’ve arrived at a luxury resort has anyone seen an uglier exterior to a luxury destination resort the Ritz-Carlton Reserve Niseko’s lobby area is super pretty with a design that’s in line with what you’d expect from a modern ski lodge My only issue with the lobby is how small it is as this is really the extent of the public areas where you can just lounge around The space just doesn’t seem big enough while one of the front desk agents handled check-in formalities I’ll talk more about service in a bit We were informed that we had been upgraded one category from the standard Niseko Reserve King to the Yotei Reserve King (with Mount Yotei being the famous mountain in the area) Our room wasn’t quite ready when we arrived but it was prepared in time for the official check-in time A front desk associate escorted me to our room The elevators are located down the hall from the lobby and on the right because there are aspects of the design that feel high-end located on the property’s top (fourth) floor Upon exiting the elevator and turning left Entry level rooms at the Ritz-Carlton Reserve are 52 square meters (560 square feet) and almost the size of junior suites at many other properties The room featured an entryway with a closet to the side The first thing I noticed is how the room didn’t have any automated “service” or “do not disturb” buttons but instead had a manual sign that you hang on your door That seems really low tech for a luxury hotel that just opened in recent years It’s one of the many examples of why I feel there’s no way this hotel was designed as a Ritz-Carlton Reserve.Ritz-Carlton Reserve Niseko room entrywayRitz-Carlton Reserve Niseko king room closetPast the entryway was the bedroom and living room area This part of the room has pretty elegant design and then two sliding doors (which were super flimsy) separating the bedroom from the bathroom It’s nice that the hotel offers a free minibar There was also a welcome amenity consisting of some sweets from nearby Niseko Cacao Crown with a mention that they’ll even pick you up if you want to visit the store and buy something though the whole thing felt a bit like a sales pitch While I thought the bedroom felt pretty luxurious the bathroom wasn’t quite to the same level The toilet was in a room off the main part of the bathroom Then there was a “compound” with a shower and bathtub (though this wasn’t an onsen the absolute best part of this room (and the hotel for that matter) are the views of Mount Yotei and it’s nice how unobstructed the vantage point is from this hotel The view was even more special in the mornings and evenings… all-in-all I thought the room was quite nice and spacious There were some very obvious areas of cost cutting that puzzled me but the room is hardly my primary complaint about this property The Ritz-Carlton Reserve Niseko has Spa Chasi La Sothys What’s strange is that the whole setup feels like an afterthought: The spa also has the onsen, which is open to all hotel guests on a complimentary basis, from 6AM until 10AM, and then again from 2PM until 12AM. As you’d expect, it’s gender segregated, and nudity is required with the option of an indoor and outdoor onsen In addition to the gender segregated onsens there’s also a private onsen that guests can rent at the cost of 5,500 JPY per hour (~38 USD) and also doesn’t have an outside area I thought the onsen setup was quite nice (particularly the outside area) Note that the property doesn’t have a pool The gym at the Ritz-Carlton Reserve Niseko is on the ground floor People who ski also tend to be pretty active (and frequently work out) So there’s basically room for one person to do a non-cardio workout and walked right out.Ritz-Carlton Reserve Niseko gymRitz-Carlton Reserve Niseko gymThis was just plain disappointing but unfortunately it matched my overall impression of the hotel — guest experience largely felt like an afterthought The Ritz-Carlton Reserve Niseko has three food & beverage outlets But the space also lacks a vibe — there’s no live music and there’s not some fun venue where you can après ski as well as some other seating clusters.Ritz-Carlton Reserve Niseko Ume LoungeRitz-Carlton Reserve Niseko Ume LoungeRitz-Carlton Reserve Niseko Ume LoungeBelow is Yukibana so we had that the first afternoon at Ume Lounge You can find the afternoon tea selection below I’d describe the quality of afternoon tea as being okay The meal then began with a selection of bread The first course consisted of a vegetable terrine with pesto sauce The next course was described as cream of broccoli soup with Hokkaido scallop I selected the pan fried flounder fish with ratatouille and boiled parsley potatoes while Ford had the baby chicken with herbs the entire chicken was bones and cartilage and he eating what he could (which was a few bites) dessert consisted of chocolate opera cake with lychee raspberry mousse and fruit plus an extra fruit plate (I think as an apology for the quality of one of the mains).Ritz-Carlton Reserve Niseko Yukibana Restaurant dinnerRitz-Carlton Reserve Niseko Yukibana Restaurant dinnerThe server taking care of us was awesome (more on her in a bit and asked if we’d be interested in eating at Sushi Nagi the following evening she offered to make us a reservation there the following evening and essentially lower the cost by one-third from 30,000 (~208 USD) JPY to 20,000 JPY (~139 USD) per person giving us a 10,000 JPY per person credit toward the dining experience So we had dinner at Sushi Nagi during the first seating We actually had the whole counter to ourselves You can find the breakfast menu and drink list below Options included things like fresh bread and pastries I had the Japanese breakfast box one morning while I had the baked eggs with Hokkaido eggplant Ford and I also split a pancake one morning We didn’t ski during our time at the Ritz-Carlton Reserve Niseko as we were really just here for a full day at the tail end of our trip The property does offer ski-in ski-out facilities The facility definitely feels a bit scaled back compared to the Park Hyatt Niseko offers amazing skiing opportunities But I don’t really have anything to add beyond that service at the Ritz-Carlton Reserve Niseko is really where the experience falls apart We found front office service to be pretty bad while we found restaurant service to be quite good so let’s go through those two points separately the person who checked us in just had such a chaotic and frazzled vibe would barely let us speak a sentence without cutting in etc.The attention to detail was lacking for a hotel that’s of this caliber (well or supposed to be of a certain caliber):When our room was ready as Ford was at the gym; I was carrying my rolling bag plus two additional bags and my coat yet the person escorting me to the room didn’t offer to help me with luggage which I found really unusualBoth by email before check-in we were proactively asked if there’s anything we don’t eat and I explained I don’t eat pork at both occasions; yet shortly after checking in we had afternoon tea (which we had a reservation for) and we were offered sandwiches with pork (don’t repeatedly ask guests for their preferences and restrictions if you’re not actually going to do anything with that information!)I had asked to arrange an airport transfer and they weren’t sure if it had been requested yet; I’d expect much faster service at a property like thisEvery time I had a question for the front desk they just started fumbling through papers; I don’t know if this hotel doesn’t use computers but it was just consistent chaosOn the morning of check-out I tried to at least provide some feedback to the hotel but was informed that there was no manager on duty until 9:30AM Vanessa served us at dinner the first night and did a stellar job with service recovery given the quality of Ford’s main course She was clearly invested in every guest having a great experience Sena served us the following evening at Sushi Nagi I hope to see them again at another property ideally one with a more consistent service level in line with the caliber of service that they provided.Like I said my issue with the Ritz-Carlton Reserve Niseko is just how many little issues there were staying here is anything but frictionless.Bottom lineThe Ritz-Carlton Reserve Niseko disappointed me There are aspects of the hotel that are great the design of some of the public facilities Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" the day on the slopes is literally a day in the gym Unless you spend more time at the mountain bars the need for a gym is pretty limited at a ski resort or wanting to go to the gym after a day on the pistes It is a bit like missing a tanning bed at a resort in Hawaii Though you could very well argue that they should cater to both the skiers and they more relaxed (non skiing) spouses Though I did actually go to the gym at the RCR Niseko as we did not ski every day Wish there were standards for top tier brands like RC Reserve The lobbies at new or newly renovated Courtyards are as nice or nicer Marriott will put a brand on anything if an owner pays How does one book through the Marriott Stars program I have never seen this option either via the web or the app You need to book with an accredited travel agent They're very common in Japan in all levels of homes/apartments From detached family homes to high-end apartments (think $10k/month) in Tokyo's Rappongi district What you had in your room is very common in the latter Looks very similar to one I had - down to the plumbing hardware and the glass panel and plumbing hardware They're unfamiliar to a lot of Westerners but make practical sense I think there’s a seed of a new brand here “Ritz-Carlton Express offers owners a cost-effective platform to command a higher ADR from their existing limited-service property with a significantly lower cost structure than a traditional luxury hotel The guest experience will be enhanced with signature service touch points like in-room snacks and a localized sponsored welcome gift Marriott is targeting 1st and 2nd generation select service properties like Comfort Suites and TownePlace.. “Ritz-Carlton Express offers owners a cost-effective platform to command a higher ADR from their existing limited-service property with a significantly lower cost structure than a traditional luxury hotel Marriott is targeting 1st and 2nd generation select service properties like Comfort Suites and TownePlace for the brand.” LOL I'd heart this if I were a proper member here It's not like you can go running outside in the winter It feels like it's trying to capitalize on the view at the expense of everything else View from the room and the public areas of Yotei is very good Brand name is something leased by a property owner and is meaningless One must assess each property on its own and rely on reviews from *trusted* sources but did you personally present yourself with the same demeanor Did you walk up to the desk at a standard pace Mirror neurons are a phenomenon and the literature suggests the Japanese habitually and non-consciously copy the demeanor of those in front of them Meh I have a hard time believing Ben and Ford did not act normal Ritz-Reserve is literally the most premier brand (on paper) of Bonvoy The service should be almost perfect and if the customer is stressed So the good thing about that Egyptian video release of Ben walking through the airport is that we got to see how Ben acts when he (thinks) he's not being recorded for the world to see a lot of people who present themselves as stressed aren't self-aware of it that's also perceived as negative (frazzled I get that and if this was a small independent 3 star hotel somewhere random I would agree with you this is literally Marriott's most premier brand Unless a customer is hostile which I highly doubt Most St Regis' for example don't even have desks but sit you down in a nice table to check you in The most premier brand in a very touristy area should do better The expectation for a top tier hotel is that clients will be shown good hospitality even if they are stressed or frazzled Obviously there are limits - if they start behaving in an abusive manner hospitality at high end hotels isn't predicated on the client not being stressed or frazzled This is by far the nicest Courtyard I have ever seen Your feedback is important in helping us keep our community safe The comments on this page have not been provided approved or otherwise endorsed by any advertiser and it is not an advertiser's responsibility to ensure posts and/or questions are answered You have successfully joined our subscriber list Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. See more about our ethics policies here Please enable JS and disable any ad blocker The Navy has relieved the commanding officer of its Navy Reserve Center in Manchester, New Hampshire, according to a statement released Friday Joseph Dearing was relieved from leadership of the reserve center by Capt the commander of the Navy Reserve Region Readiness and Mobilization Command in Norfolk The Navy maintains 122 reserve centers around the country They typically act as the first and primary point of contact between reservist sailors and the Navy for anything from administrative tasks to drill days Read Next: For-Profit Colleges Would Be Freed to Scam Veterans Again Under GOP Bill, Advocates Say Dearing is the second reserve center commander to be relieved in the last six months. In December, the Navy also relieved the commanding officer of its reserve center in Cheyenne, Wyoming, over his personal conduct Dearing's relief, which was officially over a "loss of confidence in his ability to command," appears to be the Navy's fourth firing of a commanding officer this year Loss of confidence is a boilerplate reason provided by the military services that can encompass anything from consistent poor performance by a commander on key evaluations to personal actions like drunken driving A Navy official told Military.com on condition of anonymity that the reason for the firing was over performance-based issues and not any misconduct on the part of Dearing The official added he was not under investigation it appears that the Navy fired 14 commanding officers in 2024 There are currently around 1,600 commanding officers in the active-duty Navy across all communities According to Dearing’s service record that was provided to Military.com by the Navy he began his Navy career as an enlisted sailor in 2000 when he reported to boot camp and then went on to work in the Navy’s aviation community taking jobs at Air Test and Evaluation Squadron (VX) 9 in China Lake and then Fleet Air Reconnaissance Squadron (VQ) 2 at Whidbey Island Dearing was accepted into the Navy’s Seaman to Admiral-21 commissioning program got his degree at Jacksonville University in Florida and became a reserve surface warfare officer in 2010 he was stationed on the destroyer USS Stethem for four years before attending the Naval War College and finally becoming the commander of the reserve center in Manchester in September Dearing was awarded the Surface Warfare Officer Insignia as well as the Enlisted Aviation Warfare Specialist qualification His awards include two Navy and Marine Corps Commendation medals and five Navy and Marine Corps Achievement medals as well as a Meritorious Unit Commendation Christopher Worthy will temporarily serve as the reserve center's commanding officer until a permanent replacement is designated Dearing has been temporarily reassigned to Navy Reserve Region Readiness and Mobilization Command in Norfolk Related: Commander, Command Master Chief Fired from Navy Expeditionary Security Squadron In a memo released Monday, Hegseth argued that senior leaders should be "unencumbered by unnecessary bureaucratic layers that... After Maj. Zachary Sessa launched his F-35C Lightning II's payload at Houthi weapons storage facilities in Yemen last year... Gen. David Allvin, the chief of staff, said the service has already signed up and enlisted 74% of the people it set for its... The White House has backed off President Donald Trump’s stunning social media proposal to change the name of Veterans Day to... Defense Secretary Pete Hegseth, a former Fox News host and National Guardsman, has attempted to reframe the role of the... It's time to get back in step with the veteran community -- not with fanfare, but with follow-through. If you want to ace a timed run over the 1.5- to three-mile distances used in most military running tests, the pacing strategy... The review follows changes over the last three years that expanded waivers for 51 conditions. Staff Sgt. Juan Gabriel Orona-Rodriguez is charged with one count each of distribution and possession with intent to... The commander of the 12th Aviation Battalion directed the unit to pause helicopter flight operations around Ronald Reagan... Visit our Customer Support center for solutions or to contact us. indispensable guide to what Trump’s second term means for Washington follow the latest on tariffs and executive orders Stay on top of the latest events in US politics with the FT’s trusted and impartial coverage Insight and analysis on US politics from commentators such as Ed Luce and James Politi This subscription does not include access to ft.com or the FT App Essential digital access to quality FT journalism on any device Complete digital access to quality FT journalism with expert analysis from industry leaders Terms & Conditions apply Discover all the plans currently available in your country See why over a million readers pay to read the Financial Times By Avery WilliamsPublished: May. 5, 2025 at 9:59 AM EDT|Updated: 9 hours agoEmail This LinkShare on FacebookShare on X (formerly Twitter)Share on PinterestShare on LinkedInCLEVELAND, Ohio (WOIO) - Case Western Reserve University says its Biomedical Research Building was evacuated Monday. The evacuation due to a small chemical leak lasted about 50 minutes, according to the university. While people are asked to avoid the 8th floor, the university says individuals are now allowed back inside the building. CWRU Alert: The Biomedical Research Building has been evacuated due to a small chemical leak on the building’s 8th floor. Please be patient and avoid the area as Cleveland fire and hazmat teams assess the situation. There are no details yet on what type of chemical prompted the evacuation. This is a developing story. Return to 19 News for updates. Our Standards: The Thomson Reuters Trust Principles., opens new tab Reports on the Federal Reserve and the U.S. economy. Stories can be found at reuters.com. , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved Joseph Dearing was relieved as CO of NRC Manchester Dearing is shown here during an NRC Manchester change of command ceremony in September 2024 (NRC Manchester Facebook page/Navy)The Navy relieved the commanding officer of Navy Reserve Center Manchester Joseph Dearing was relieved of his duties by Capt commander of Navy Reserve Region Readiness and Mobilization Command Norfolk “due to a loss of confidence in his ability to command,” the Navy said in a brief statement The release did not provide additional details about Dearing’s dismissal. The service frequently uses “loss of confidence” as a blanket statement when dismissing senior leadership “The Navy maintains the highest standards for leaders and holds them accountable when those standards are not met,” the statement said Christopher Worthy has temporarily assumed duties as NRC Manchester’s CO who assumed command of NRC Manchester in September 2024 has been temporarily reassigned to Navy Reserve Region Readiness and Mobilization Command Norfolk a subordinate command of Navy Reserve Force Command provides administrative support to attached units including pay and personnel transaction processing Beth Sullivan is an editor for Military Times she worked as a staff reporter for The Daily Memphian and as an assistant editor at The Austin Chronicle May 5, 2025Starbucks is gearing up for summer but it's not phasing out all its spring offers just yet Sooner than fans know it, though, its summertime exclusives will take over, beginning with another small-scale seasonal rollout at select Starbucks Reserve locations the company is really putting the ube into the uber-exclusive menu only offered at select roasteries Joining the floral-inspired menu it launched in March comes two new drinks Select Starbucks Reserve locations will now offer an Ube Espresso Martini, a Masala Chai Latte, a Crispy Hashbrown Egg Cup in addition to the new Rwanda Sholi Sundwa and Honey Process Ecuador Loja whole bean coffee blends and the fan-favorite Indonesia West Java Blend according to a May 5 update from the international chain Related: Starbucks Fans Are Hoping for Expanded Release of Limited-Edition Menu Items Starbucks Reserve's new Ube Espresso Martini is described as "a new take on the Starbucks Reserve Signature Espresso Martini," and pairs Starbucks Reserve Espresso with Kalak Vodka Cream and White Mocha sauce before being topped with Ube Coconut Cold Foam Starbucks Reserve new Ube Espresso Martini It said its new Masala Chai Latte is inspired by the traditional flavors of the popular drink featuring a "robust black tea blend from the Assam region of India that highlights bold flavors of cardamom Starbucks Reserve new Masala Chai Latte Related: Starbucks Refreshes Its Menus With 3 New Mocktail-Style Drinks The new Crispy Hashbrown Egg Cup is reported to take "a freshly cracked egg that is baked until jammy inside a cup made of crispy hashbrown Starbucks Reserve customers can choose to top it off with "freshly sliced prosciutto."  Starbucks Reserve new Crispy Hashbrown Egg Cup its early summer additions also star threenew merchandise collections featuring cold cups including a new Artist Merchandise Collection designed by artist Melissa Kolby Starbucks Reserve new Artist Merchandise Collection Starbucks Reserve locations will also offer a City Collection branded with the insignias of Chicago or Seattle plastered across reusable water bottles (L-R): Starbucks Reserve's new City Merch Collection is in Chicago It's also launching a vibrant new Travel Collection featuring a similar spread of branded cold cups Starbucks Reserve's new Travel Collection and Seattle can expect the Starbucks Reserve Roasteries and stores in their areas to start serving and stocking the new additions beginning on Tuesday The company also confirmed that the Starbucks Reserve Iced Ube Coconut Latte Butterfly Tea Spritz and Rose Pistachio Twice-Baked Cornetto would remain available as it counts down to the official start of summer Next: Target's Favorite Day Brand Adds 5 'Lovely' Limited-Edition Ice Cream Flavors or sign up for a new account and purchase a subscription to continue reading no promotional deals were found matching that code Emily Mitchell transitions with Atlanta Fed after leading its Regional Economic Information Network The Nashville branch of the Federal Reserve Bank of Atlanta has tapped Emily Mitchell as its assistant vice president and regional executive Mitchell serves as director of the Atlanta Fed’s Regional Economic Information Network (REIN) who is departing the Atlanta Fed on June 30 after 20 years with the company Mitchell will work with the bank's other regional executives to collect economic data for the Atlanta Fed office with a focus on activities in the Middle and East Tennessee regions Mitchell has served as REIN director in Nashville since 2018 She joined the Atlanta Fed in 2011 as a manager in the community and economic development department overseeing its administration and operations Mitchell worked as a senior program director for Maryland-based Enterprise Community Partners Mitchell earned a bachelor's degree in business and communications from the University of Alabama She also holds master's degrees in urban and regional planning from Virginia Tech University and in international policy from American University The Atlanta Fed serves the Sixth Federal Reserve District As part of the nation's central banking system the Federal Reserve Bank of Atlanta participates in setting national monetary policy supervises numerous commercial banks and provides financial services to depository institutions and the U.S Email notifications are only sent once a day Your browser is out of date and potentially vulnerable to security risks.We recommend switching to one of the following browsers: Coffee giant Starbucks is back at it with a newly-announced food menu item that sounds like it's worth a try for a morning bite — but this time it's only available at the chain's Starbucks Reserve Roasteries and at cafes in select cities you'll be able to order its Crispy Hashbrown Egg Cup starting on Tuesday The delicious-sounding breakfast item joins a few other new treats also hitting the menu The Crispy Hashbrown Egg Cups features a jammy freshly-cracked egg, which is ideal if your go-to style of eggs is on the runny side That jammy egg sits inside a cup made of hashbrown and some spinach to get a little dose of vegetables in your breakfast You can also add prosciutto to the top of the egg for some additional protein an order seems to come with a single serving and there's no word on the price of this new food item just yet It certainly sounds like a breakfast item, but the new Crispy Hashbrown Egg Cups will be available to order all day. The hashbrown-based dish sounds like the ideal pairing for the new drinks that Starbucks also announced this week one of the new cocktails is its Ube Espresso Martini The boozy drink features Starbucks Reserve Espresso and is topped with a bright-purple ube coconut cold foam And when you aren't in the mood for a cocktail another fresh option is its Masala Chai Latte This chai-based beverage is made with an Indian black tea that has notes of cardamom and black pepper and can be ordered hot or iced All of these items are available through summer according to Starbucks and its Reserve locations in cities like Milan and Tokyo and can also be found at select cafes in Chicago Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years He's written hundreds of stories breaking down complex financial topics in plainspoken language emphasizing the impact that economic currents would have on individuals' finances and the market Community News Service and the Middletown Transcript CME Group. "FedWatch Tool." Governor Hobbs' veto did not deter senator Rogers who insists future leadership will embrace Bitcoin's potential Image includes combined content which may include AI-generated content Arizona State Senator Wendy Rogers says she will bring back her proposed Strategic Bitcoin Reserve (SBR) bill in the next legislative session This comes after Governor Katie Hobbs rejected the initial bill marking the first time a sitting US governor has formally blocked such a crypto initiative Senator Rogers shared her plans over the weekend She argued that Bitcoin is no longer a fringe idea but a tested financial innovation She said: “Politicians don’t understand that Bitcoin doesn’t need Arizona I will refile my bill next session.” authorized the state treasurer to allocate some of Arizona’s retirement funds to Bitcoin The bill passed both chambers of the state legislature without changes but was vetoed by Governor Hobbs who labeled digital currencies as “untested” and risky for long-term savings Rogers appears undeterred by the governor’s opposition to her Bitcoin reserve bill saying a future governor might support the proposal if Hobbs vetoes her refiled bill during the next session I am sure Governor Andy Biggs will be happy to take credit for signing the bill for this already proven (16 years!) innovation that will protect our wealth.” Interestingly, data shared by Bitcoin Laws founder Julian Fahrer shows that the Arizona State Retirement System (ASRS) already has indirect exposure to Bitcoin through holdings in Strategy, the largest corporate holder of the top crypto Arizona’s involvement in crypto legislation is far from over this bill doesn’t involve retirement savings it seeks to allow the state to retain and manage cryptocurrencies obtained through seizures or appropriated assets it is unclear if the governor would accede to this bill market observers have suggested that SB1373 might have a better chance of securing Governor Hobbs’ approval He imparts insights on a range of topics like DeFi Also known as "Akiba," Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast He believes that decentralized technology has the potential to make widespread positive change Your daily dose of must-have crypto news and deep dives Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate None of the information you read on CryptoSlate should be taken as investment advice nor does CryptoSlate endorse any project that may be mentioned or linked to in this article Buying and trading cryptocurrencies should be considered a high-risk activity Please do your own due diligence before taking any action related to content within this article CryptoSlate takes no responsibility should you lose money trading cryptocurrencies Shardeum is revolutionizing blockchain decentralization and scalability with its autoscaling EVM-based architecture and lightweight node requirements a decentralized currency that defies the sway of central banks or administrators circumventing intermediaries via a peer-to-peer network is an American software company specializing in enterprise analytics Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy CryptoSlate has no affiliation or relationship with any coin project or event unless explicitly stated otherwise CryptoSlate is only an informational website that provides news about coins Please do your own diligence before making any investment decisions in connection to the use or reliance of any content you read on the site © 2025 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy Please add "[email protected]" to your email whitelist (vuk burgic/Unsplash) What to know: Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state to invest in bitcoin using seized funds.The bill could have made Arizona the first U.S state to adopt bitcoin in its financial reserves.Arizona will not be investing in bitcoin (BTC) Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its official reserves STORY CONTINUES BELOWDon't miss another story.Subscribe to the State of Crypto Newsletter today. See all newslettersSign me upBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.The legislation proposed using seized funds to invest in BTC and create a digital assets reserve managed by the state After passing the state House in a narrow 31–25 vote “The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans' retirement funds are not the place for the state to try untested investments like virtual currencу,” Hobbs wrote in a statement The veto ends a push that could have made Arizona the first state to set up a cryptocurrency reserve Read more: As One State Gets Closer on a Crypto Reserve, Others Jump Into the Fray Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold. Editing by Louise Heavens and Alex Richardson Federal Reserve board chairman Jerome Powell speaks with IMF Economic Counsellor and Research Department Director Pierre-Olivier Gourinchas as they arrive for the plenary of the International Monetary and Financial Committee (IMFC) meeting during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington The seal of the Federal Reserve Board is seen at the Building in Washington That’s not entirely true: Grocery prices have jumped 0.5% in two of the past three months and are up 2.4% from a year ago economists say it’s possible the Fed would soon reduce its benchmark rate Yet the Fed can’t now cut rates with Trump’s broad tariffs likely to raise prices in the coming months “You could imagine a world where there isn’t pressure from the Trump administration and they cut rates .. because they feel comfortable making the argument that they’re doing so because of the data,” he said to ensure tariffs don’t sustainably raise inflation before considering a rate cut Some economists forecast the Fed won’t cut rates until its September meeting a former Fed governor and a potential candidate to replace Powell as chair when Powell’s term expires next year “The Fed’s current wounds are largely self-inflicted,” he said in a speech during an International Monetary Fund conference in late April Get our news on your inbox! Suscribe x MercoPress, en Español Montevideo, May 5th 2025 - 23:41 UTC A massive gold reserve exceeding 11 million ounces was discovered in the Argentine province of Salta the site revealed a deposit with 84 million tons of material at 0.6 grams per ton making it one of South America’s most significant finds is driving economic growth through job creation positioning Argentina as a key player in the global precious metals market with other projects in provinces such as San Juan and Catamarca The Salta discovery is already transforming the region economically with advanced extraction operations underway backed by international investments and existing infrastructure The company in charge of the Salta project has already started exploitation with state-of-the-art machinery and international investment support the finding is expected to result in construction and employment progress as development is projected to bloom in solar energy As the technological transition progresses mineral resources gain increasing geopolitical value the Lunahuasi project is focused on minerals such as copper and gold It is attracting the attention of investors due to its geological potential while the La Coipita initiative is advancing in studies to consolidate its viability as a large-scale project Both reinforce the importance of San Juan as a key mining pole in the country the Organullo project is positioned as a promising initiative in the exploration of gold and other precious metals Activities in this region underscore the interest of mining companies to diversify their operations and take advantage of the resources of the province plans to adhere to the Incentives Regime for Large Investments (RIGI) which could facilitate its financing and development MARA combines the Agua Rica and Alumbrera deposits it is projected to generate thousands of jobs and millions of dollars in exports Mining underscores Argentina's potential to become a regional leader in copper It also highlights the importance of policies such as RIGI in attracting investment with eight projects having already applied for adhesion for investments exceeding US$ 7.838 billion in Salta (4 projects: Pastos Grandes and Taca Taca); San Juan (3 projects: Gualcamayo BNB for Kyrgyzstan reserves Kyrgyzstan signed a memorandum of understanding with Binance to launch Binance Pay in the country News COINTELEGRAPH IN YOUR SOCIAL FEEDBinance co-founder Changpeng “CZ” Zhao has proposed Bitcoin and BNB as the first digital assets to build Kyrgyzstan’s national crypto reserves The proposal followed Zhao’s earlier announcement that he had begun advising Kyrgyzstan’s National Investment Agency (NIA) on blockchain and crypto-related matters Zhao confirmed he’s been officially and unofficially advising governments on crypto frameworks and blockchain solutions The former Binance CEO said that he finds the work extremely meaningful A month after CZ announced his role in advising Kyrgyzstan Binance announced a partnership with the country to launch a crypto payments service On May 4, Binance signed a memorandum of understanding (MOU) with the NIA to introduce Binance Pay to the country, enabling crypto transactions The partnership also aims to boost crypto education in the country with Binance Academy set to work with government agencies to develop blockchain-focused educational programs On April 17, Binance CEO Richard Teng said in a Financial Times interview that the exchange had been advising countries on crypto reserves Kyrgyzstan has been making moves to become a digital asset-friendly jurisdiction. On April 17, Kyrgyzstan President Sadyr Zhaparov signed a law authorizing a central bank digital currency pilot project while giving the national currency’s digital form a legal tender status Related: Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up The country also reportedly plans to launch a gold-backed stablecoin The gold-backed stablecoin will be pegged to the United States dollar and called the Gold Dollar (USDKG) This will be backed by $500 million in gold provided by the country’s Ministry of Finance Cointelegraph reached out to the country’s Ministry of Finance to confirm the reports but did not get a response before publication Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight 2025A service member with Marine Forces Reserve participates in Integrated Training Exercise 4-24 the Marine Reserve's largest and most important annual training event Madisyn Paschal/Marine Corps)Drilling Marine Corps reservists across the command’s components may see an increased emphasis on job proficiency and readiness as Marine Corps Reserve Command prepares for wide-ranging mobilization exercises set to begin next year Toulotte noted that the last Defense Department-wide reserve mobilization plan was completed in 1988, and the last study on reserve mobilization was published in 1947, leaving the Defense Department and the services with significant unknowns about how moving reserve forces into the active ranks en masse would work in practice, and how the active components would receive, train and integrate them. Compared with the start of the Korean War in 1950 — Toulotte’s case study for a successful mass mobilization — today’s Marine Corps has a slightly larger combined Reserve and active component: approximately 250,000 Marines now, compared with about 204,000 then, he said. But the Marine Reserve now has just eight infantry battalions, compared to 26 then, and one fighter squadron, compared to 30 then. While smaller-scale mobilization exercises have taken place more recently, and the Individual Ready Reserve holds routine musters to monitor responsiveness, Toulotte said nothing from the recent past can compare to the exercises Marine Corps Reserve Command is now planning. Marine Forces Reserve troops participate in Integrated Training Exercise 4-24 in Twentynine Palms, California, in 2024. (Lance Cpl. Orion Stpierre/Marine Corps)“I would say it’s probably the first time since the beginning of [Operation Enduring Freedom in 2003] that we’ve deliberately looked at this: How can we speed the response of the Reserve component in response to a peer threat?” he told Marine Corps Times. The nature of the drills is still in planning; Toulotte said the first one is likely to be small. But they will test, he said, how quickly units can aggregate together with all the fighting gear they need for deployments. Compared with the norm in previous years, when Reserve component activations for deployments may be planned years in advance, “our exercises are going to test our ability to get those units aggregated quickly,” he said. “Not just the personnel, because oftentimes, over the last 20 to 25 years, we would just send our personnel forward and they would fall in on the equipment forward. We’re assuming that that won’t be the case. So what we’re driving towards is, how do we pick up all of our people, all of our equipment, and push that forward to wherever the active component tells us we need to go.” The Marine Reserve, Toulotte said, is also seeking to add the ability to activate as a component of readiness scoring in the military-wide Defense Readiness Reporting System. Selected Reserve component Marines can expect to see drill days more closely focused on training for deployment readiness and job proficiency, Toulotte said. “How do we get out the door as fast as possible? That’s fundamentally going to change, potentially, annual training plans, things at the unit level that they’re focusing on,” he said. “And so it should be, potentially, a breath of fresh air for the Reserve Marines, because we’re going to get back to the war-fighting basics of their [military occupational specialty] and their unit.” Toulotte stressed that the entire Defense Department needed to undertake similar mobilization tests to ensure that mass Reserve activation in case of crises was successful. “These are isolated initiatives, and we need to look at this from a joint force,” Toulotte said. “If we don’t, and we enter protracted, pure conflict, and it’s in response to an enemy that is moving on its objectives quickly, our force flow will be delayed and will be at risk of preventing the enemy from gaining those objectives.” Facebook pageTwitter feedRSS feedDefense News © 2025 Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information will leave at the end of the year following more than three decades at the US central bank according to people familiar with the matter who joined the central bank as an economist in 1992 rose within the agency under former Fed Governor Daniel Tarullo following the 2008 financial crisis he informed some staff of his plan to retire from the Fed who asked not to be identified because the move hadn’t been publicly announced StarbucksBy Meredith HolserMay 05 2025Meredith HolserAffiliate and Food WriterMeredith Holser is B+C's resident affiliate writer Meredith enjoys writing about a range of topics but she's adopted e-commerce writing in all its many facets and dreaming about having a yummy little treat Inspired by the Iced Ube Coconut Latte that hit Starbucks Reserve menus this spring the all-new Ube Espresso Martini is topped with the most delicious ube-flavored cold foam The drink itself mixes Starbucks Reserve espresso Since it's crafted with fresh espresso you'll get a more coffee-forward sip than other martinis that just use coffee liqueur This subdued sip is still mighty impressive You can order this one hot or iced from Starbucks Reserve locations plus Starbucks notes it pairs well with a sweet treat – which we're always here for The next new item on the Starbucks Reserve summer menu is simply savory and makes a great option for breakfast or even a mid-day snack the Crispy Hashbrown Egg Cups highlight a wonderful texture which you can also order with freshly-sliced prosciutto All three new items on the Starbucks Reserve summer menu will be available alongside items like the Iced Ube Coconut Latte and Rose Pistachio Twice-Baked Cornetto that hit Reserve locations in the spring Subscribe to our newsletter for more Starbucks news Connecting decision makers to a dynamic network of information Arizona’s measure to create a digital asset reserve explicitly allowing taxpayer-funded investments in Bitcoin and other cryptocurrencies was vetoed by Gov The measure (S.B. 1025) which would have been the first law of its kind in the nation would have allowed the state treasurer and public retirement systems to invest up to 10% of the money they control in virtual currencies The veto is the latest setback to Bitcoin advocates who have yet to persuade policymakers to enact a law in the more than two dozen states considering similar legislation this year Log in to keep reading or access research tools 2025 Arizona governor vetoes bill to make Bitcoin part of state reserves Arizona’s plan to invest in Bitcoin has ended in a veto with Governor Katie Hobbs citing concerns over using public funds for "untested assets." News COINTELEGRAPH IN YOUR SOCIAL FEEDArizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves effectively ending efforts to make Arizona the first US state to adopt such a policy “Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Hobbs wrote in a statement aimed at Warren Petersen “Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currency,” she added On April 28, the bill passed a final vote in the state House when 31 members of the Arizona House voted in favor of the bill Hobbs had previously stated she would veto any legislation not tied to a bipartisan agreement on disability funding Related: Bitcoin bros at ‘the club’ may stop US gov’t from buying BTC — Arthur Hayes which would authorize the state treasurer to allocate up to 10% of Arizona’s rainy-day fund into digital assets like Bitcoin In contrast, North Carolina’s House passed the Digital Assets Investment Act on April 30 allowing the state treasurer to invest up to 5% of certain funds in approved cryptocurrencies The bill has now been moved to the state Senate for consideration The state-level efforts to create Bitcoin reserves come amid a push from US President Donald Trump and Republican lawmakers to do the same in the federal government Trump signed an executive order in March with a proposal for a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” Magazine: Crypto wanted to overthrow banks, and now it’s becoming them in stablecoin fight We recognise you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore cannot grant you access at this time. For any issues, e-mail us at advertising@dailyunion.com or call us at 1-920-563-5553 1-800-236-1013. Reporting by Andrea Shalal; Editing by Ross Colvin Warriors guard Gary Payton II is out for Game 7 of his team's first-round series against the Houston Rockets with an illness according to a Sunday afternoon report from Anthony Slater of The Athletic has averaged 16 minutes per game this series scoring five points and pulling down three rebounds in the Rockets' 115–107 win three rebounds and 1.3 assists per game—slightly better numbers than his career averages Gary Payton II is out for Game 7 tonight with an illness He started Game 6 and has averaged 16 minutes for the Warriors in this series Payton's absence comes amid a turning-point moment for Golden State as a franchise The Warriors haven't advanced past the conference semifinals since 2022 and face an ascendant Houston team riding its best record in six years The content on this site is for entertainment and educational purposes only Betting and gambling content is intended for individuals 21+ and is based on individual commentators' opinions and not that of Sports Illustrated or its affiliates All picks and predictions are suggestions only and not a guarantee of success or profit If you or someone you know has a gambling problem crisis counseling and referral services can be accessed by calling 1-800-GAMBLER Arizona Governor Katie Hobbs has faced criticism from community members and U.S government officials after vetoing a bill that would have allowed the state to establish a Bitcoin reserve In a statement issued on May 2 Hobbs formally announced her decision to veto Senate Bill 1025 “The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currencу,” Hobbs wrote.  also known as the Arizona Strategic Bitcoin Reserve Act aimed to allocate seized funds toward purchasing Bitcoin establishing a state-managed digital asset reserve After narrowly passing the state House in a 31-25 vote the bill was sent to Governor Hobbs for final approval Governor Hobbs’ veto sparked backlash across social media, where critics voiced frustration and warned that the decision could impact her chances for re-election Some users also suggested she may come to regret rejecting the proposed legislation Arizona’s House and Senate said YES to #Bitcoin One person who hasn’t studied Bitcoin just overruled an entire legislature That’s fiscal irresponsibility and a betrayal of the voter expressed her disappointment with Governor Hobbs’ veto in a post shared on X “I understand the governor vetoed my Arizona Bitcoin Reserve Bill Politicians don’t understand that Bitcoin doesn’t need Arizona Arizona needs Bitcoin,” Rogers wrote.  Rogers stated that she intends to reintroduce the bill during the legislature’s next session I am sure Governor Andy Biggs will be happy to take credit for signing the bill for this already proven (16 years!) innovation that will protect our wealth,” Rogers added.  However, not everyone opposed Governor Hobbs’ decision. American economist Peter Schiff expressed support for the veto backing her move to reject the proposed legislation “The government should not be making decisions to use public funds to speculate in [cryptocurrencies],” Schiff wrote in an X post.  Had it been signed into law, Arizona would have been the first U.S. state to formally establish a Bitcoin Strategic Reserve the state now joins a growing list of others—such as Oklahoma and Wyoming—where recent attempts to integrate Bitcoin into government holdings have either been withdrawn or failed to gain enough legislative support This reflects the ongoing divergence in state-level approaches to digital assets even as national conversations surrounding cryptocurrency regulation continue to evolve Michaela has no crypto positions and does not hold any crypto assets This article is provided for informational purposes only and should not be construed as financial advice The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions and website in this browser for the next time I comment A major general of Israel’s military reserve has warned that the recent decision to expand the ongoing genocidal war on the Gaza Strip will claim the lives of more Israelis for the sake of the political survival of prime minister Benjamin Netanyahu Yair Golan made the remarks in an X post on Monday a day after Israel's so-called security cabinet unanimously approved a new plan to expand attacks in Gaza and occupy additional areas throughout the besieged Palestinian territory He said the decision to expand the offensive was made “not to maintain Israel’s security but to save Netanyahu" and his extremist cabinet The occupation army’s only role is to protect Israelis who also heads the opposition Democrats party The actual occupation of the Strip in the name of survival "will cost us blood – in the lives of the captives The criticism came after Israel's so-called security cabinet approved the phased plan for the brutal Israeli onslaught that involves conducting “powerful strikes” across Gaza and forcibly displacing Palestinians to the territory's south The forum representing the families of Israeli captives said in a statement that the plan is the acknowledgement by the regime that it is choosing to occupy more territory over releasing captives a framework for the future distribution of humanitarian aid in the Gaza Strip via private foreign firms Far-right Israeli minister Itamar Ben-Gvir opposed the resumption of aid deliveries into Gaza the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement that bakeries and community kitchens are no longer operating while food warehouses have been emptied as a result of Israel's total siege on Gaza The new framework for the distribution of Gaza aid " contravenes fundamental humanitarian principles and appears designed to reinforce control over life-sustaining items as a pressure tactic – as part of a military strategy driving civilians into militarized zones to collect rations while further entrenching forced displacement," it emphasized Israel launched a genocidal war on the Gaza Strip on October 7 which has so far killed at least 52,535 Palestinians The Tel Aviv regime accepted longstanding negotiation terms by the Hamas resistance group under a Gaza ceasefire Israel unilaterally abandoned the truce on March 2 cutting off humanitarian aid to the Gaza Strip It also resumed its deadly bombing campaign and redeployed troops to the blockaded territory Press TV’s website can also be accessed at the following alternate addresses: www.presstv.co.uk Click the "share" button in the bottom bar This week offered a revealing look at how different stock market sectors are interpreting the Federal Reserve’s messaging With JOLTS data showing a labor market cooling and inflation still hovering above comfort levels the Economic Modern Family serves as a lens to evaluate whether investors believe in the Fed’s soft-landing narrative—or are quietly hedging against it 🚛 Transportation and Small Caps: Caught in the Crossfire 🟥 Transportation (IYT):Price action improved While concern over global demand and rising shipping/fuel costs remain this week’s action was a lot better considering the worry that transport volume slows before summer 🟥 Small Caps (IWM):Clearing key support over the 200-WMA IWM hasn’t confirmed a breakout—we need 2 weekly closes over that key MA we will see that market caution toward economic growth and borrowing conditions for smaller businesses prevail IYT did not clear the 50-DMA while IWM did That proves that stress in the transportation on a shorter timeframe still exists There is no divergence in momentum and price.   🔍 Interest-Rate Sensitive Sectors: Feeling the Heat 🟦 Regional Banks (KRE):Still trading below key moving averages KRE reflects persistent concerns over tightening credit and a cautious lending environment The lack of follow-through in this space underscores skepticism about financial stability amid elevated rates XRT’s rally this week suggests that the consumer is not as bad as one would think though households may be tightening wallets—a potential signal that rate hikes are indeed cooling demand KRE did get its first close over the 50-DMA XRT continues to underperform the SPY benchmark 🟩 Semiconductors (SMH):Still riding AI tailwinds suggesting risk appetite is alive—at least in tech But is this strength masking underlying fragility in other parts of the market?  while in a better than phase than the other members of the Family 🟨 Biotech (IBB):IBB saw modest gains as investors began to sniff out value With less direct correlation to interest rates biotech may be quietly attracting capital as growth investors rotate out of rate-sensitive plays IBB still lags as it has yet to take out the April highs SMH looks just like XRT IWM and IYT-not stronger or weaker in that it just cleared the 50-DMA and needs to confirm we always look to see who is leading and lagging That IWM and IYT are now over their 200-WMAs means we have a guide that KRE and XRT are lagging means we have a guide ❓ Is the Market Trusting the Fed… or Fading It the Family could be on its way to a V recovery but we need to see what happens this coming week.  Sectors exposed to credit and the consumer are still flashing yellow while speculative growth remains the refuge of hope This divergence poses a critical question for investors: “Are we heading into a soft landing… or is this a setup for turbulence ahead?” This week’s FED meeting and continued earnings reports may provide more clarity—but until then, the Family is telling us not to get too comfortable Twitter: @marketminute The author may have a position in mentioned securities at the time of publication Any opinions expressed herein are solely those of the author and do not represent the views or opinions of any other person or entity Site Development: Springthistle Tech Site assistance by: Pixel Farm Digital Enter your email address below to receive our latest trading ideas & research from over 50+ professional investors and analysts. Sign Up Now – It’s FREE! Reporting by Ann Saphir with reporting by Saeed Azhar; Editing by Andrew Heavens The Business of FashionAgenda-setting intelligence analysis and advice for the global fashion community access one complimentary BoF Professional article of your choice Receive news, offers and invites from BoFOur newsletters may include 3rd-party advertising, by subscribing you agree to the Terms and Conditions & Privacy Policy What’s Happening: The hoopla around the Met Gala has been a tad lighter than usual this year sparking another round of conversation about the state of fashion’s biggest party Night at the Museum: The exhibit, “Super Fine: Tailoring Black Style,” has received heaps of praise for shining a big spotlight on the influential but often overlooked culture of Black dandyism. You can read more about it here and look out for our coverage of the exhibit and the event on Tuesday as well as in an upcoming episode of The Debrief No Mood to Party: Where doubts are creeping in namely whether this is the moment to be holding an over-the-top gala as well as whether this particular over-the-top gala is past its prime You can find similar talk percolating on social media just about every year around this time reproductive rights and other issues cited as reasons to tone it down these challenges are swept aside by the avalanche of red carpet coverage Someday the public may turn on the Met Gala – or perhaps worse the Federal Reserve will most likely hold interest rates steady even as President Donald Trump calls for cuts to stimulate growth No Pressure: The Fed will likely wait a bit to see how Trump’s trade war plays before taking steps that would lower borrowing costs While the economy is clearly slowing – US GDP contracted for the first time since 2022 in the first quarter – a rate cut could fuel more inflation on top of the price increases triggered by tariffs The Fashion Angle: Retailers probably wouldn’t mind a rate cut right now as they project weaker sales should the faltering economy cause consumers to reduce spending They’ll likely have to settle for a nod from central bank officials that cuts may come sooner rather than later Secondhand Indicator: In addition to the Fed the fashion industry should keep an eye on a pair of earnings releases from leading resale platforms while luxury focussed The RealReal reports on May 8 secondhand sellers should be among the few winners in a trade war as the clothes they sell are already in the US and not subject to tariffs Google searches and app downloads for some resale sites have seen an uptick since the tariffs were announced though it’s not yet the mad rush one would expect if consumers were planning to embrace the thrifting lifestyle en masse The Week Ahead wants to hear from you! Send tips, suggestions, complaints and compliments to brian.baskin@businessoffashion.com Brian Baskin is Executive Editor at The Business of Fashion He is based in New York and oversees BoF's beauty For more information read our Terms & Conditions but the ones who do it right foster genuine customer loyalty and extraordinarily high levels of engagement The shiny new storefront on Amazon Luxury did not distract investors this week from Saks Global’s deteriorating liquidity problem The department store is searching for a permanent CEO replacement after Kohl’s Corp.’s board discovered Ashley Buchanan had directed millions of company dollars to his then-undisclosed romantic partner China’s total e-commerce shipping plunged 65 percent by volume in the first three months of the year The essential daily round-up of fashion news the process of de-dollarization signifies a gradual structural change in the global financial system rather than an abrupt collapse this shift may increase volatility and demand for alternative assets like Bitcoin and stablecoins as investors diversify away from the US dollar Monitoring central bank reserves and global trade settlements can help identify trading opportunities in cryptocurrencies that benefit from reduced reliance on the dollar (Source: Twitter European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators Welcome to your premier source for the latest in AI and AI search tools—driving tomorrow's innovations today traders are closely watching the upcoming Federal Reserve decision as it is expected to influence volatility in the cryptocurrency markets FOMC announcements have led to sharp price movements in Bitcoin as interest rate policy changes directly affect risk appetite and liquidity conditions (source: Milk Road tweet Traders are advised to review stop-loss placements and prepare for potential swings in both directions as the decision approaches 2025 Bitcoiners blast Arizona governor’s ‘ignorance’ after Bitcoin bill veto Arizona state senator and Bitcoin advocate Wendy Rogers said News COINTELEGRAPH IN YOUR SOCIAL FEEDBitcoiners and United States government officials have criticized Arizona Governor Katie Hobbs’ decision to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves “Imagine the ignorance of a politician to believe they can make investment decisions.” “If she can’t outperform Bitcoin, she must buy it,” Pompliano said. Crypto lawyer Andrew Gordon said “We need more elected officials who understand that Bitcoin and crypto are the future.” who co-sponsored the bill with State Representative Jeff Weninger “Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin,” Rogers said On May 2, Hobbs vetoed the Arizona Strategic Bitcoin Reserve Act, which would have permitted Arizona to invest seized funds into Bitcoin and create a reserve managed by state officials The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Hobbs said Rogers said she would refile the bill during her next session Rogers also pointed out that Arizona’s state retirement system already holds stocks of Michael Saylor’s Strategy (MSTR) Related: US gov’t actions give clue about upcoming crypto regulation However, well-known crypto skeptic Peter Schiff sided with Hobbs. “The government should not be making decisions to use public funds to speculate in cryptocurrencies,” Schiff said Arizona would have become the first US state to establish a Bitcoin Strategic Reserve if it had passed Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3 whose son Matan is being held hostage by Hamas in Gaza called at a Constitution Committee session to refuse reserve duty orders that are currently being issued as Israel plans to expand the fighting in Gaza "You must not report for reserve duty for moral and ethical reasons and you are welcome to turn off my microphone," Zangauker called out to Rothman "You can’t tell me that I am refusing to serve Natalie is currently a soldier in the IDF." MK Rothman ordered her to have her removed from the discussion "You are allowed to say whatever you want." MK Yitzhak Kreuzer (Otzma Yehudit) responded: "Even bereaved families must not call for refusal of service as they are breaking the law