World
Severe Weather Alert: Storms Moving East of St. Louis Metro
St. Louis, MO – Residents in the St. Louis metro area are urged to stay alert as a powerful storm system moves eastward, leaving behind a trail of intense weather conditions. As Friday transitions into Saturday, the most severe impacts are shifting away from the metro region, yet weather authorities caution residents to remain vigilant. […]
St. Louis, MO – Residents in the St. Louis metro area are urged to stay alert as a powerful storm system moves eastward, leaving behind a trail of intense weather conditions. As Friday transitions into Saturday, the most severe impacts are shifting away from the metro region, yet weather authorities caution residents to remain vigilant.
Severe Weather Details
A dangerous storm system swept through the St. Louis region on Friday evening, raising concerns about destructive winds and potential tornadoes. The National Weather Service (NWS) designated much of eastern Missouri and western Illinois under a Level 4 out of 5 severe weather risk. This elevated risk highlights the possibility of severe weather impacts and the need to stay prepared.
Current Alerts and Safety Precautions
The NWS issued multiple tornado warnings across the St. Louis area throughout Friday afternoon. Additionally, a Tornado Watch remains in effect for several counties in the bi-state region until 11 p.m. Friday. While a watch indicates favorable conditions for tornado formation, it does not confirm a tornado has occurred.
Important Reminder: If a Tornado Watch is upgraded to a Tornado Warning, it means rotation has been detected on radar or a tornado sighting has been reported. Residents should seek immediate shelter in such cases.
Expected Weather Conditions
The strongest storm threats in the St. Louis region are anticipated between 8-11 p.m. Friday. Forecasts predict wind gusts reaching up to 90 mph, with the potential for rapidly developing tornadoes. In addition, residents may experience hail, heavy rainfall, and thunderstorms during this period.
Safety Recommendations
Meteorologists emphasize the importance of staying weather-aware, monitoring updates from trusted sources, and remaining near shelter throughout the evening. Potential storm damage may be widespread in affected areas, so take precautions to secure outdoor items and have an emergency kit ready.
Business
Bessent announces ‘substantial progress’ in crucial US-China trade talks
“I’m happy to report that we’ve made substantial progress between the United States and China in the very important trade talks,” Bessent told reporters.Bessent said he had informed President Donald Trump of the progress of the talks, and there would be a complete briefing on details on Monday. U.S. Treasury Secretary Scott Bessent said on Sunday that there had been “substantial progress” in talks between his team and that of Chinese Vice Premier He Lifeng in Geneva on defusing a trade war between the world’s two largest economies.Published on May 11, 2025
The talks had continued into a second day on Sunday as both sides discussed how to de-escalate a trade war that threatens to inflict major damage on the world economy.
Business
Fed holds rates steady, flags rising risks of inflation and unemployment
Economic picture
With unemployment still low and demand steady, Fed officials have said they are comfortable keeping rates unchanged until they have a better understanding of where the economy is headed. Trump, however, has repeatedly said the central bank should lower borrowing costs.Trump, meanwhile, has ramped up his criticism of Powell in recent weeks. At one point, Trump said in a social media post that “Powell’s termination cannot come fast enough!” Federal Reserve officials held interest rates steady for a third-straight meeting and emphasised they see a growing risk of both higher inflation and rising unemployment.Companies scrambled in the first quarter to import merchandise ahead of the tariffs, and a surge in consumer spending in March suggested households also sought to frontload purchases. Key inflation gauges cooled in the month.Chair Jerome Powell will hold a press conference with reporters at 2:30 p.m. in Washington.Powell and his colleagues are determined to keep tariffs from sparking a persistent rise in inflation, and several officials have signaled they would not support lowering interest rates preemptively to protect against a slowing economy.The S&P 500 index of US stocks and Treasury yields fell following the announcement, while the dollar pared gains.“Uncertainty about the economic outlook has increased further,” the Federal Open Market Committee said in a statement Wednesday at the conclusion of a two-day meeting in Washington. “The committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen.”
Published on May 8, 2025
Economic picture
The central bank announced Tuesday that Kansas City Fed President Jeff Schmid would miss the May meeting due to the recent death of his wife. Kansas City was represented by First Vice President Kim Robbins. Schmid’s vote passed to alternate member Neel Kashkari, president of the Minneapolis Fed.“Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace,” the statement said.President Donald Trump‘s trade policy has unleashed a wave of uncertainty across the economy. While the levies are still being negotiated, economists widely expect the expansive tariffs to boost inflation and weigh on growth. That would pit policymakers’ two goals – price stability and maximum employment – against one another.Trump, meanwhile, has ramped up his criticism of Powell in recent weeks. At one point, Trump said in a social media post that “Powell’s termination cannot come fast enough!” Companies scrambled in the first quarter to import merchandise ahead of the tariffs, and a surge in consumer spending in March suggested households also sought to frontload purchases. Key inflation gauges cooled in the month.Officials voted unanimously to keep the benchmark federal funds rate in a range of 4.25 per cent to 4.5 per cent, where it has been since December.
Economists say it will take time for the full effect of the new tariffs to work through the economy. So far, the impact has mainly included a sharp decline in sentiment and a surge in imports. The US economy contracted at the start of the year for the first time since 2022, but a gauge of underlying demand stayed firm.The S&P 500 index of US stocks and Treasury yields fell following the announcement, while the dollar pared gains.But the president has since insisted that he does not intend to fire Powell.
Business
Berkshire’s Geico sees turnaround after tech upgrades and job cuts
At Berkshire Hathaway’s annual meeting, Vice Chairman Ajit Jain said the insurer is now “as good as anyone” in telematics but cautioned that it’s still too early to declare full success, noting continued progress is needed.
The vice chairman said Geico has made “rapid strides in telematics” and now “is as good as anyone.” Jain praised Geico’s CEO Todd Combs for reducing the company’s workforce. Geico cut more than 2,300 jobs last year.”All this has allowed Geico to become a more focused competitor,” he said, adding it is too soon yet to say “mission accomplished. We have achieved a lot, but we have to do a lot more.”Then at Berkshire’s 2024 annual meeting, Jain lamented that Geico was “still behind” but hoped by the end of 2025 to catch rivals in data analytics including pricing for risk, although Geico still enjoyed lower operating costs than “virtually anybody.”Geico posted substantially improved results in 2024, as it curbed its appetite to issue new policies while reducing the percentage of premiums it used to pay accident claims.Published on May 3, 2025 Jain, who has day-to-day oversight of Berkshire’s insurance operations, spoke at the conglomerate’s annual meeting in Omaha, Nebraska where he, Chairman Warren Buffett and Vice Chairman Greg Abel fielded shareholder questions. Berkshire Hathaway’s Geico car insurance unit has made progress in upgrading its technology to better match rates with risk, Berkshire Vice Chairman Ajit Jain said on Saturday.At Berkshire’s 2023 annual meeting, Jain lamented that Geico was behind the curve in telematics, where devices installed in vehicles let insurers monitor behavior including speed, braking, mileage and distracted driving including cellphone use.
-
india2 years ago“Major Crash of Sukhoi Su-30 and Mirage 2000 Fighter Jets in Madhya Pradesh”
-
Sports2 years agoWFI meetings on April 16, elections likely to be discussed
-
india1 year agoPM Modi Meets Deve Gowda for Seat Sharing Talks
-
india1 year agoBengaluru: False threat to bomb Raj Bhavan
-
india2 years ago“AIMIM to Contest 50 Seats in Upcoming Telangana Assembly Elections”
-
Entertainment1 year agoAnant Ambani: Controversy at the Ambani Pre-Wedding Bash
-
Karnataka2 years agoWomen have to show their Aadhaar to travel free on KSRTC bus
-
Entertainment2 years agoRajinikanth is Moideen Bhai in ‘Lal Salaam’