Annual inflation in U.S. cooled off slightly in April

Published Mon, 24 Feb 2025 06:34:25 GMT

Annual inflation continued its slow-but-steady deceleration in April, according to the latest Consumer Price Index released Wednesday.The CPI climbed by 4.9% for the 12 months ended in April, according to the Bureau of Labor Statistics, representing a slightly slower pace of increase than the 5% in March. It was below economists’ expectations for the number to remain unchanged.It’s the 10th consecutive month that the headline CPI rate has slowed, and it’s at its lowest rate since April 2021 — when this bout of painfully high inflation started to spike.Excluding food and energy costs, which tend to have more volatility, core CPI was unchanged at 5.5% for the 12 months ended in April.On a monthly basis, both the headline and core indexes recorded increases of 0.4%, matching forecasts from economists, some of whom anticipated higher fuel and used car prices to provide some upward pressure.April’s data showed that the biggest month-on-month gains seen in th...

How psilocybin, the psychedelic in mushrooms, may rewire the brain to ease depression, anxiety and more

Published Mon, 24 Feb 2025 06:34:25 GMT

By Sandee LaMotte | CNNShrooms, Alice, tweezes, mushies, hongos, pizza toppings, magic mushrooms — everyday lingo for psychedelic mushrooms seems to grow with each generation. Yet leading mycologist Paul Stamets believes it’s time for fans of psilocybin mushrooms to leave such childish slang behind.“Let’s be adults about this. These are no longer ‘shrooms.’ These are no longer party drugs for young people,” Stamets told CNN. “Psilocybin mushrooms are nonaddictive, life-changing substances.”Small clinical trials have shown that one or two doses of psilocybin, given in a therapeutic setting, can make dramatic and long-lasting changes in people suffering from treatment-resistant major depressive disorder, which typically does not respond to traditional antidepressants.Based on this research, the US Food and Drug Administration has described psilocybin as a breakthrough medicine, “which is phenomenal,” Stamets said.Psilocybin, ...

Editorial: The most important women’s rights law hardly anyone has heard of

Published Mon, 24 Feb 2025 06:34:25 GMT

It’s the most important women’s rights law that hardly anyone has ever heard of.The Convention on the Elimination of all forms of Discrimination Against Women aims to end discrimination in employment, salary and equality within the law. Advocates have tried to pass “CEDAW” laws in the Bay Area, California and nationwide with only minimal success.The failure in the United States to ratify the Equal Rights Amendment to the Constitution is shameful. The country is one of only seven United Nations members that has not ratified the 1979 U.N. CEDAW treaty, joining the likes of repressive countries such as Iran, Somalia and Sudan. Senate Republicans have blocked the effort since Jimmy Carter was president.But locally, after a 24-year effort, the Santa Clara County Board of Supervisors last week voted unanimously to become only the fourth county in the state to adopt a full CEDAW ordinance, following San Francisco (1998), Los Angeles (2021) and San Diego (2022). The ...

Fry’s San Jose gets new real estate mission as tech campus is on hold

Published Mon, 24 Feb 2025 06:34:25 GMT

SAN JOSE — A Fry’s Electronics store in San Jose that closed its doors as part of the sudden implosion of the famed retailer has a new mission while plans for a vast office campus on the choice site take a pause.Instead of being bulldozed to make way for a tech complex, a portion of the one-time Fry’s building, whose entrance is reminiscent of a Mayan temple, is being offered for lease in a marketing effort being led by brokers Phil Mahoney and Joe Kelly of Newmark, a commercial real estate firm.“It could be industrial, logistics, or light manufacturing,” said Mahoney, an executive vice chairman with Newmark.Up to 124,000 square feet of warehouse space is being offered for lease, according to Newmark.The building totals 293,900 square feet and occupies 19.7 acres, San Jose planning documents show. The building contains the former consumer electronics superstore, a warehouse and an office that served as the corporate headquarters for Fry’s and the ...

Opinion: How U.S. can build on Chips and Science Act momentum

Published Mon, 24 Feb 2025 06:34:25 GMT

America’s ability to create high-paying tech and manufacturing jobs is the key to revitalizing our nation and remaining a leader in the 21st century. STEM talent exists everywhere in the United States, but opportunities for people to discover and pursue that talent are not as widespread.To expand access to these jobs and match possibilities with potential, the public and private sectors must work together. We need more public and private partnerships to create jobs — that’s how we built America in the first place.As the director of the U.S. National Science Foundation (NSF) and the congressman representing Silicon Valley, we see how critical science and engineering are to U.S. leadership. At a recent roundtable with industry and university leaders, we talked about what Americans want — the chance to revitalize communities, paths to the middle class, and ladders up in places where they live.That idea flourished after World War II thanks to federal investment i...

Is the dynasty over if Warriors lose to Lakers? It’s complicated

Published Mon, 24 Feb 2025 06:34:25 GMT

SAN FRANCISCO — The Warriors haven’t had to confront looming questions about the fate of the organization yet. Hope that the championship core could propel a legitimate title run kept uncomfortable truths at bay.Down 3-1 to the Los Angeles Lakers, the levees are one loss away from breaking. Wednesday night’s Game 5 at Chase Center won’t be the Warriors’ first elimination game this postseason, but the chance they’ll mount a three-win comeback feels slim given disappointing performances from everyone not named Steph Curry.There’s plenty of hope within the Warriors locker room that they can rattle off a few wins and maybe send this California rivalry series to a Game 7 — which would be also played on the defending champs’ home court. Curry, Klay Thompson and Draymond Green have plenty of experience with 3-1 series records.This series sets up a redemption for those three to pay LeBron James back for the infamous 3-1 lead they blew in...

Hudson Global: Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 06:34:25 GMT

OLD GREENWICH, Conn. (AP) — OLD GREENWICH, Conn. (AP) — Hudson Global Inc. (HSON) on Wednesday reported earnings of $354,000 in its first quarter.The Old Greenwich, Connecticut-based company said it had net income of 11 cents per share. Earnings, adjusted for severance costs and costs related to mergers and acquisitions, came to 22 cents per share.The staffing company posted revenue of $43.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HSON at https://www.zacks.com/ap/HSONSource

Ballard: Q1 Earnings Snapshot

Published Mon, 24 Feb 2025 06:34:25 GMT

BURNABY, British Columbia (AP) — BURNABY, British Columbia (AP) — Ballard Power Systems Inc. (BLDP) on Wednesday reported a loss of $33.9 million in its first quarter.On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 11 cents.The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.The fuel cell technology company posted revenue of $13.3 million in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $18.3 million.The company’s shares closed at $4.41. A year ago, they were trading at $6.92._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLDP at https://www.zacks.com/ap/BLDPSource

De Bruyne out of Haaland’s shadow, delivers again in Madrid

Published Mon, 24 Feb 2025 06:34:25 GMT

Kevin De Bruyne’s shot flew like a missile, skimming just above the turf in a trajectory not dissimilar to Carlos Alberto’s glorious goal for Brazil in the 1970 World Cup final.Of course, this was no title match for Manchester City — it was the first leg of the Champions League semifinals — but with the eyes of the world on the Santiago Bernabeu Stadium, it sure felt like one.Who else, then, should step up but De Bruyne, the man who delivers for City on the big occasion time and again.The Belgium playmaker looked to the sky and raised both his arms before performing a rare knee slide after his long-range equalizer for City in the 1-1 draw against Real Madrid on Tuesday.De Bruyne knew how significant the goal was. How good it was, too.He is making a habit of it.City has played Real Madrid in the Champions League’s knockout stage in three of the last four seasons, and De Bruyne has scored each time. And against Atletico Madrid last year, City won 1-0 after two fiery matches in the qua...