
Why aren't tariffs causing inflation?
Why aren't tariffs causing inflation?
For the past year, many economists warned that tariffs would increase prices, but inflation is lower today than when President Trump took office. CNN's Matt Egan breaks down why this might be the case and how economists expect that to change in the coming months.
01:09 - Source: CNN
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Why aren't tariffs causing inflation?
For the past year, many economists warned that tariffs would increase prices, but inflation is lower today than when President Trump took office. CNN's Matt Egan breaks down why this might be the case and how economists expect that to change in the coming months.
01:09 - Source: CNN
50 years of 'Jaws' and shark attacks
As Steven Spielberg's summer blockbuster 'Jaws' turns 50, CNN's Harry Enten figures out how likely it is to be attacked by a shark and whether we should fear the waters.
01:57 - Source: CNN
Erupting volcano puts Indonesians on high alert
Mount Lewotobi Laki Laki, one of Indonesia's most active volcanoes, erupted Tuesday, sending an ash cloud high into the air. The country's volcanology agency has raised the alert level to the highest.
00:59 - Source: CNN
The NHL Stanley Cup's perfect imperfections
The Stanley Cup is one of the most iconic trophies in all of sports, but one of the reasons the NHL's championship trophy is so lionized is its perfect imperfections. CNN's Coy Wire spoke to The Keeper of the Cup Howie Borrow for a tour of some of the trophy's character-building bloopers.
01:02 - Source: CNN
Storm chaser captures 'unprecedented' view of monster hailstones falling from sky
Storm chaser and research scientist Sean Waugh has documented softball sized (or greater) hailstones in freefall with an ultra-high-tech camera mounted on a retrofitted research vehicle. The goal – to study and better understand what makes gigantic hail form, and how to better detect it and ultimately improve severe weather warnings. Sean speaks with CNN Meteorologist Derek Van Dam while on the road, capturing imagery of this very impactful and expensive natural phenomenon. (edited)
01:47 - Source: CNN
Flash flood destroys apartment building
An apartment building in West Virginia partially collapsed as flash floods hit the area. The governor's office said at least five people are dead and four people remain missing following the floods.
00:31 - Source: CNN
After talking to hundreds of dads, this podcaster shares his two biggest lessons
Dr. John Delony speaks to millions of listeners on his popular podcast about mental health, family and relationships. As a therapist, he's used to offering advice to struggling fathers, but we asked him about the biggest lessons he's learned as a dad.
01:32 - Source: CNN
Rare deep-sea squid filmed alive for first time
Scientists have captured the first-ever footage of the elusive Gonatus antarcticus squid alive in its deep-sea habitat. CNN's Jeremy Roth describes the rare encounter. For more on this story, visit natgeo.com.
01:12 - Source: CNN
Trump draws boos and cheers at Kennedy Center
President Donald Trump drew charged reactions of both admiration and ire at the Kennedy Center's opening night of "Les Misérables."
00:29 - Source: CNN
The many adventures of the Stanley Cup
Winner's of the NHL's Stanley Cup each get to take the cup for a day and do whatever they want with it. CNN's Coy Wire recounts some of the Cup's wildest days out.
00:43 - Source: CNN
BTS members discharged from South Korean military
One of the world's biggest boybands could soon be making a comeback with six out of seven members of K-Pop supergroup BTS now discharged from South Korea's mandatory military service. The band plans to reunite at some point later this year.
00:47 - Source: CNN
Combs requests mistrial for a second time
CNN's Elizabeth Wagmeister explains that Sean "Diddy" Combs' defense team requested a mistrial for a second time, which was denied. Combs' team accused the prosecution of presenting false testimony from Bryana Bongolan, a friend of Cassie Ventura's, who testified that Combs dangled her over a balcony.
01:26 - Source: CNN
Tennessee sheriff's office airlifts escaped zebra to safety
DEK: A zebra, that escaped from its owner in Christiana, Tennessee was captured on Sunday and airlifted to safety by the local sheriff's office. The animal, named Ed, had been reported missing just a day after he was acquired by its owners in Rutherford County. They have since been reunited.
00:35 - Source: CNN
Jamie Foxx breaks down during BET Awards acceptance speech
Jamie Foxx was overcome with emotion while accepting the Ultimate Icon Award at the BET Awards. He reflected on his 2023 health scare.
00:45 - Source: CNN
See what's coming to your iPhone and other Apple devices
Apple announced major software updates at its annual Worldwide Developers Conference. Most of the new features won't reach users' devices for a few months when OS 26 releases this fall.
01:49 - Source: CNN
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Yahoo
12 minutes ago
- Yahoo
Blue Origin preps for next crewed rocket launch: What time and where to see liftoff in Texas
Blue Origin is preparing to send its next group of passengers on a brief spaceflight high above Earth. Reaching the very edge of space, the six people on board the company's New Shepard spacecraft will be treated to some stellar views and a few minutes of weightlessness after getting off the ground in West Texas. When they land, the space tourists will join an exclusive club of more than 60 others who have embarked on a similar expensive venture across 12 previous human spaceflights Blue Origin has provided. As for the rest of us? Well, we'll have to watch them have their fun from solid ground. Blue Origin, owned by billionaire Jeff Bezos, doesn't sell tickets for the public to watch a rocket launch in person. But areas around the launch site, including a town just south of it, may provide a few ideal places to catch the liftoff and spaceflight. Here's everything to know about Blue Origin's next human spaceflight and how to potentially see it in person. Billionaire Jeff Bezos, best known for founding Amazon, is the founder of the private space technology company Blue Origin. Bezos himself even boarded Blue Origin's New Shepard for its maiden crewed voyage in July 2021, which came after the spacecraft flew on 15 flight tests beginning in 2012. For nearly four years since its first crewed mission, the New Shepard spacecraft has served as a powerful symbol of Blue Origin's commercial spaceflight ambitions amid a growing space tourism industry. In addition to sending space tourists on brief joy rides to the edge of space, Blue Origin has also increasingly sought to compete with Elon Musk's SpaceX. Blue Origin's massive New Glenn rocket, which flew on its inaugural flight test in January 2025 from Cape Canaveral, Florida, is also being developed for future spaceflights. At 320 feet tall, the spacecraft rivals SpaceX's 400-foot Starship in size. Blue Origin's next crewed launch, known as NS-33, could get off the ground as early as 8:30 a.m. CT Saturday, June 21, the company announced. Blue Origin New Shepard rocket launches take place from the company's private ranch facility known as Launch Site One. The facility is located more than 140 miles east of El Paso near the U.S.-Mexico border. Blue Origin does not provide any public viewing areas for launches at or near its facility, which is located in a remote desert. Spectators, though, have been known to pull over on U.S. Route 54 to gather on spots to the side of the highway that offer good views of New Shepard getting off the ground. Van Horn, the nearest town, is located about 30 miles south of Launch Site One in Culberson County, Texas. While the town is too far away to see the launch pad itself, it is likely the best place to see a New Shepard rocket soar into the sky. The town's visitors bureau advertises Blue Origin on its homepage and its brochure as an attraction, but does not list any suggested public viewing locations for launches. However, here is a list of public places in and around Van Horn – some listed as attractions on the visitors' bureau website – where spectators might be able to see a rocket taking off: Van Horn city park, 3rd and Austin Streets Okey D. Lucas Memorial Park, 1804 W. Broadway St., Van Horn Guadalupe Mountains National Park, located about 60 miles north of Van Horn in Dell City and 40 miles north of the launch site, the park bordering New Mexico has the highest point in Texas. Scenic overlook: a pull-off spot located off the westbound lane of Interstate 10 about four miles west of Van Horn that provides an elevated view over U.S. Route 54. Here's a look at the passengers on the next Blue Origin New Shepard spaceflight, known as NS-33: Allie Kuehner, an environmentalist who serves on the board of Nature is Nonpartisan, a nonprofit organization advocating for bipartisan solutions to environmental issues Carl Kuehner, who chairs Building and Land Technology, a real estate development, investment and property management firm Leland Larson, a philanthropist and former CEO of School Bus Services and Larson Transportation Services – both family-owned public transportation businesses based in Oregon Freddie Rescigno, Jr., CEO of Commodity Cables, an electrical company he founded in 2001 Owolabi Salis, an attorney and a financial consultant Jim Sitkin, a retired lawyer from California Each spaceflight on a New Shepard vehicle lasts about 11 minutes from liftoff to capsule touchdown. Named after astronaut Alan Shepard, the first American in space, the 60-foot-tall New Shepard rocket is topped with the gum drop-shaped crew capsule. The spacecraft operates completely autonomously, meaning no pilots are aboard. During its ascent, the spacecraft reaches supersonic speeds surpassing 2,000 mph before the rocket booster separates from the crew capsule. At that point, those aboard the capsule become weightless as the spacecraft continues toward its highest point on its brief voyage above the Kármán Line – the 62-mile-high internationally recognized boundary of space. While experiencing a few minutes of microgravity, passengers have the opportunity to unstrap themselves from their seats to gaze out the capsule's large windows and take in a stunning view of Earth. Meanwhile, the rocket booster heads back to the ground while firing its engines and using its fins to slow and control its descent to land vertical about two miles from the launchpad. The capsule itself eventually begins what Blue Origin refers to as a "stable freefall' – plummeting back to Earth as three massive parachutes deploy and the capsule makes a soft landing in the desert, sending up plumes of dust. Contributing: Jennifer Sangalang, USA TODAY Network Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at elagatta@ This article originally appeared on El Paso Times: Is there a Blue Origin rocket launch today? Where to watch from Texas


CBS News
15 minutes ago
- CBS News
Trump says "maybe" he'll try to fire Fed chief Jerome Powell
President Trump suggested Friday he may try to fire Federal Reserve Chair Jerome Powell, calling the central bank leader a "Total and Complete Moron" for leaving interest rates steady. The president has been lashing out against Powell for months, criticizing the central banker — whom Mr. Trump appointed in his first term — for not lowering interest rates at a faster pace. It's unclear whether the president is legally allowed to fire Powell before his term ends in May 2026, and Mr. Trump said in April he has "no intention" of doing so. But in a post criticizing Powell on Friday, Mr. Trump floated the idea, writing: "Maybe, just maybe, I'll have to change my mind about firing him?" "But regardless, his Term ends shortly!" the president added. Any attempt to fire Powell would be legally contentious. Federal law and prior court precedent says members of the Federal Reserve's Board of Governors, including the chair, can only be fired "for cause." The Supreme Court ruled last month that the Trump administration can fire members of other independent federal agencies — but specifically exempted the Fed, calling the central bank a "uniquely structured, quasi-private entity." Powell said last year he will not resign if Mr. Trump asks him to step down. The two met at the White House last month. Mr. Trump also called Powell a "dumb guy" in his Friday evening post. "I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I've tried it all different ways," Mr. Trump wrote on Truth Social. "I've been nice, I've been neutral, and I've been nasty, and nice and neutral didn't work! He's a dumb guy, and an obvious Trump Hater, who should have never been there." The Fed declined to comment to CBS News. Why has Trump criticized Powell? Mr. Trump's issues with Powell hinge on the Federal Reserve's interest rate policies. The central bank's interest rate-setting committee, which is chaired by Powell, has kept its benchmark rate steady so far this year, after lowering it slightly from a two-decade high last year — following a series of rate hikes in 2022 and 2023 to quell inflation. Most recently, the committee opted against lowering rates earlier this week, drawing backlash from Mr. Trump. The decision comes with tradeoffs. High interest rates can slow down economic growth and make it more expensive for Americans to borrow money, which is why Mr. Trump wants cuts. But lowering interest rates too quickly could overheat the economy and cause inflation to spike yet again. While inflation has cooled off in recent years, it's still higher than the Fed's 2% annual target, and the Fed warns Mr. Trump's tariffs could push prices up. "Because the economy is still solid, we can take the time to actually see what's going to happen," Powell said earlier this week. Mr. Trump disagrees, nicknaming Powell "Mr. Too Late" and arguing that inflation is already low. On Friday, the president amped up his criticism, calling Powell a "numbskull" and suggesting the other members of the rate-setting Federal Open Monetary Committee "override" him. Mr. Trump also said Powell should lower interest rates immediately and just hike them again if inflation spikes — an idea that's at odds with the Fed's cautious strategy. "Don't say that you think there will be Inflation sometime in the future, because there isn't now but, if there is, raise the Rates!" wrote Mr. Trump. The attacks are a redux of Mr. Trump's first-term criticism. The president pushed back against Powell after the Fed hiked interest rates in 2018, but called Powell his "most improved player" for slashing rates during the 2020 pandemic.


Bloomberg
16 minutes ago
- Bloomberg
Universities Win Order Voiding Agency's 15% Research Cost Cap
Brown and Cornell universities, the Massachusetts Institute of Technology and several other US schools won a federal court order striking down a National Science Foundation cap on indirect cost rates for government-funded research. Judge Indira Talwani struck down the cap on Friday, finding it 'arbitrary, capricious and contrary to the law,' granting summary judgment to the suing schools plus the Association of American Universities, and denying that relief to the government.