Good morning, it is Saturday, June 15, and we're covering How to invest in stocks with high rates, Sanctions to come on Israeli groups blocking humanitarian aid to Gaza, the Supreme Court and new gun law, a new list of impossibly affordable cities & more! & much more! First time reading? Sign up here. | | American Fact of the Day! | One lesser-known fact about American entertainment is the existence of "secret" underground film screenings and speakeasies dedicated to showcasing obscure, experimental, or banned films. These clandestine gatherings often operate in unconventional venues such as abandoned warehouses, hidden basements, or even converted vehicles like buses or vans. Attendees, usually connected through underground networks or word-of-mouth, gather to watch films that may not have mainstream appeal or may be restricted due to controversial content or censorship issues. These events offer a unique and intimate viewing experience for cinephiles seeking alternative or avant-garde cinema outside of traditional movie theaters. |
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| | Your Brain Cuts Off Your Hearing When You Lack This Mineral | | Advertisment |
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| | Breaking Updates | | Biden administration imposes sanctions on Israeli group blocking humanitarian aid into Gaza | The Biden administration has announced sanctions against an Israeli group, the "Tsav 9" movement, for its repeated disruption of humanitarian aid convoys bound for Gaza. The movement, comprised of demobilized reservists, families of hostages, and settlers, has been obstructing critical aid deliveries at the Kerem Shalom border crossing, the primary gateway into Gaza. Despite the declaration of the area as a closed military zone in February, protests by Tsav 9 members persisted, challenging authorities' efforts to maintain order. | State Department spokesperson Matthew Miller highlighted the group's actions, including violent blockades of aid routes, destruction of aid trucks, and looting and arson of vehicles carrying humanitarian supplies. The administration stressed Israel's obligation to ensure the safe passage of humanitarian convoys through Israeli and West Bank territories en route to Gaza, emphasizing the importance of accountability for acts of sabotage and violence targeting essential aid efforts. | These sanctions underscore the Biden administration's commitment to addressing West Bank violence and promoting accountability for those perpetrating attacks against humanitarian missions and Palestinian communities. President Biden's executive order earlier this year authorized sanctions against individuals contributing to such violence, reflecting ongoing efforts to deter and penalize actions that undermine peace and stability in the region. | Read more updates here |
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| Here's How To Invest In Stocks When Interest Rates Are Higher For Longer | The Federal Reserve's recent decision to maintain steady interest rates for the seventh consecutive time suggests a shift away from earlier projections of multiple rate cuts this year, signaling a commitment to higher borrowing costs in the near term. Despite initial expectations for rate cuts, recent economic data indicating a slowdown in inflation has led investors to anticipate a prolonged period of elevated rates, with the Fed likely to maintain its stance through at least September. | In light of this "higher-for-longer" rate environment, investors are assessing potential implications for different sectors of the stock market. While some sectors, such as real estate and consumer durables, may face challenges due to increased financing costs, others like semiconductors, energy, and materials are poised to perform well. Semiconductor companies, in particular, are viewed as resilient due to their strong balance sheets and relatively insensitive demand cycles, positioning them favorably amidst higher interest rates. | The broader economic impact of sustained higher rates remains a topic of discussion, with ongoing concerns about global GDP growth and worker well-being. Gallup's "State of the Global Workplace" report highlights the negative effects of low employee engagement on productivity and economic output, emphasizing the importance of meaningful work and positive work relationships. As companies navigate the implications of higher borrowing costs and shifting market dynamics, attention to sector-specific performance and workforce well-being will be crucial for investors and policymakers alike. | Read more updates here | | | American Sports & Culture |  | How reported Lawrence Jags deal could impact Purdy 49ers extension | The 49ers' path to a long-term contract extension with Brock Purdy is further complicated after the Jacksonville Jaguars reportedly agreed to terms on a five-year $275 million contract with quarterback Trevor Lawrence. |
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|  | Panthers one win from first Stanley Cup title after victory over Oilers | Sergei Bobrovsky made some of the biggest of his 32 saves to thwart a comeback bid and the Panthers held on to beat the Edmonton Oilers 4-3 |
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|  | McGregor injured, won't return for UFC 303 card | Conor McGregor will no longer fight Michael Chandler at UFC 303 due to injury. The new main event is a light heavyweight title fight between Alex Pereira and Jiri Procházka. |
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| American Business & Markets |  | These cities are now so expensive they're considered 'impossibly unaffordable' | CNN Business | Anyone with half an eye on the housing market over the last two decades will know that in many countries, not least the United States, it's become much more difficult to buy a home. |
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|  | IKEA wants to pay real people to work in its new store inside Roblox game | CNN Business | IKEA has put a new spin on remote working, seeking 10 real-life staff to work in its Roblox virtual store that opens on June 24, and becoming the first brand to offer paid work on the platform, it said in a statement. |
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|  | New US sanctions force end of dollar and euro trading on Russia's main exchange | CNN Business | New US sanctions against Russia have caused an immediate suspension of trading in dollars and euros on the country's leading financial marketplace, the Moscow Exchange. |
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| | American Politics |  | Supreme Court strikes down Trump-era ban on bump stocks | CNN Politics | The Supreme Court on Friday struck down a federal ban on bump stocks approved by former President Donald Trump, the high court's latest stroke limiting the power of federal agencies to act on their own. |
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|  | What to know about mifepristone access after the Supreme Court ruling | The ruling upheld access to the drug, but laws surrounding medication abortion vary by state. |
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|  | Microsoft exec vows to fix security gaps that let China-linked hackers get federal emails | Brad Smith told Congress that after a spate of major security lapses Microsoft is carrying out "the single largest cybersecurity engineering project in the history of digital technology." |
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