3 Things To Know Today

Vintage movie countdown, illustration

Photo: Science Photo Library RF

1 Trump Pleads Not Guilty To Felony Counts

Former President Donald Trump appeared in federal court in Miami yesterday afternoon and pleaded not guilty to 37 felony counts based on his alleged mishandling of classified documents. After the 45-minute-long proceeding, Trump was released on his own recognizance, had no limits placed on his travel, and didn’t have to give up his passport. There was no mugshot taken at the arraignment, and cameras weren’t allowed in the courthouse during the proceedings, where special counsel Jack Smith sat behind Trump in the courtroom. Trump left the courthouse and flew to his resort in Bedminster, New Jersey for a campaign fundraiser after making a stop at Versailles Restaurant Cuban Cuisine in Little Havana, where supporters sang “Happy Birthday” to Trump in advance of his 77th birthday today. At Bedminster, he addressed the crowd and called the indictment “political persecution like something straight out of a fascist or communist nation.”

2 Amazon Cloud Services Back Up After Big Outage Hits Thousands of Users

Amazon Web Services suffered a huge disruption yesterday, affecting thousands of users for a large part of the day. The outage was severe enough to even affect AWS’s own web page describing the disruptions, which failed to load at one point in the day. The service is used by a wide variety of businesses and governmental agencies, so the effects were global. When AWS goes down, hundreds of websites do as well. According to a statement from Amazon, “We quickly narrowed down the root cause to be an issue with a subsystem responsible for capacity management for AWS Lambda,” the service that allows customers to run programs without having to run their own servers. While the disruption caused pain for numerous businesses, it wasn’t as large as the one the company suffered in 2017. Before the end of the day yesterday, Amazon reported that AWS services were “operating normally.”

3 Inflation In May Grew At The Lowest Rate In Two Years

The Bureau of Labor Statistics reported yesterday that consumer price growth rose at the lowest level in two years during the month of May. Compared to last year, prices rose 4% as compared to a rise of 4.9% in April. The 4% rise in prices beat economists’ predictions of a 4.1% increase in prices. While declines in the rate of price increases were seen across the board, the growth in food prices climbed 6.7% year on year. The Federal Reserve has a target of 2% for inflation and has raised interest rates 10 times since March of last year in an attempt to cool down the inflation rate and could raise them again. The Fed concludes its latest meeting today and will release what they plan to do with interest rates in response to the lower-than-expected inflation rate once it has concluded its meeting. Some experts think that continued surges in the prices of airfare, hotel expenses, and labor costs could lead the Fed to raise rates by another 25 basis points.


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