Ahead of the Fed State of the Economy
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Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Biden and Trump fire up bases as new poll shows Trump ahead in 2 key states
Election day is 24 weeks away, and the 2024 race for president is heating up as both candidates fire up their bases. Weijia Jiang has highlights from a weekend on the campaign trail along with the findings of a new CBS News poll in the key states ...CBS News - Politics - Donald Trump -
EA Sports College Football 25: Georgia, Ohio State lead projected top-10 teams ahead of video game's release
These teams should dominate early when EA Sports' "College Football 25" finally dropsCBS Sports - Sports - College Football -
The manicure economy
Work demands an even more human touch as machines take jobsFinancial Times - Business -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Russia and Ukraine: two economies at war
Government reshuffle underlines Putin’s militarisation effort as Kyiv fights on with western supportFinancial Times - World - Ukraine -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
Economy Losing Steam as Labor Market Tightens
Weekly jobless claim numbers decline as the impact of higher interest rates starts to hit key business sectors like homebuilding and manufacturing.Inc. - Business -
Under Israeli Bombs, a Wartime Economy Emerges in Gaza
Amid the destruction, a marketplace of survival has arisen focused on the basics: food, shelter and money.The New York Times - World - Israel -
Are the US and Chinese economies really about to start ‘decoupling’?
Experts say Biden’s tariffs on Chinese clean tech goods are not the trade-war move some fearFinancial Times - Business -
Thailand's Economy Grows on Strong Consumption, Tourism
The Thai economy grew in the first quarter thanks to strength in private consumption and tourism, despite continued weakness in goods exports.The Wall Street Journal - World -
Dominicans Reelect President Who Delivered Strong Economy
Yahoo News - World -
Japanese Yen Could Rise if Fed Cuts Rates
The Japanese yen could strengthen against the dollar if signs of a weaker U.S. economy allow the Fed to cut interest rates in September and December, Rabobank said.The Wall Street Journal - World - Federal Reserve -
Fed governor: Further rate increases 'probably unnecessary'
Christopher Waller, a member of the Federal Reserve Board of Governors, said that further interest rate increases will be “probably unnecessary,” pointing to data showing that inflation is not “accelerating.” “Central bankers should never say ...The Hill - Politics - Federal Reserve -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
What does the Dow's 40,000-point milestone say about the economy?
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss ...CBS News - Top stories -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
New York crypto personality used 'Seinfeld' joke in fraud, feds reveal
A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.CNBC - Business - New York -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Trump turns trial into circus as Biden tries to focus minds on economy
As a slew of Republicans went to the hush-money trial to show their fealty to their boss, the president tried to rise above it. Donald Trump last week turned his New York fraud trial into a political circus and a platform for his election campaign ...The Guardian - World - Joe Biden -
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.CNBC - Business -
Biden's proposed tax hike would crush workers and the economy
Biden is eager for more hard-earned money from U.S. taxpayers, and he is willing to drive businesses overseas again by raising corporate tax rates.The Hill - Politics - Joe Biden -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business -
Chile Economy Posts Fastest Growth Since 2021 as Consumption Powers Recovery
Yahoo News - World -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.MarketWatch - Business - Federal Reserve -
Economy and border at front of mind for Arizona voters, CBS News poll finds
Arizona and Florida have both been in the national spotlight over abortion rights in recent weeks, but a new CBS News poll finds other issues are more pressing for voters in those states. CBS News executive director of elections and surveys ...CBS News - Top stories -
GOP lawmaker on Feds, UFOs: 'Give us the information. Let us decide'
Rep. Tim Burchett (R-Tenn.) is calling on federal government leaders to declassify all documents related to unidentified aerial phenomena (UAP), arguing federal agencies must be transparent if they are going to be funding millions of dollars. ...The Hill - Politics -
Oil prices drift lower as traders fret over Fed, look for catalysts
Oil futures headed lower Tuesday, on track to notch back-to-back session losses, as traders were concerned about the outlook for crude demand as the Federal Reserve maintains higher interest rates.MarketWatch - Business -
What record highs for gold, silver and copper are saying about the economy
A rally in metals has grabbed headlines recently, but as gold, silver, and copper reach fresh highs, traders may need to weigh the potential for limits to further upside for prices, and reassess what the moves suggest about the global economy.MarketWatch - Business -
Productivity soars in sectors of global economy most exposed to AI, says report
Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills. The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and ...The Guardian - World -
Rent Is Harder to Handle and Inflation Is a Burden, a Fed Financial Survey Finds
The Federal Reserve’s 2023 survey on household financial well-being found Americans excelling in the job market but struggling with prices.The New York Times - Business -
Best deals on robot vacuums ahead of Memorial Day
It's time for a thorough house cleaning this spring, and a robot vacuum can help you do all the heavy lifting.CBS News - Top stories -
Key weeks ahead for Russia’s war in Ukraine
Russia has launched a push north of Kharkiv but its ultimate goal is so far unclear.BBC News - Top stories - Ukraine -
Key weeks ahead for Russia’s war in Ukraine
Yahoo News - World - Ukraine -
Biden travels to Georgia ahead of Morehouse commencement address
President Biden on Saturday made his second trip of the year to Georgia as he attempts to shore up support in the battleground state. On Sunday, he will deliver the commencement address at Morehouse College. Former President Donald Trump ...CBS News - Top stories - Joe Biden -
Microsoft highlights 'Copilot+' PCs ahead of developer conference
Microsoft said on Monday it would launch a new category of personal computer capable of handling more artificial-intelligence tasks without calling on cloud data centers.NBC News - Top stories - Microsoft -
Trump speaks at NRA convention ahead of return to courtroom
Donald Trump returned to a New York courthouse Monday for his criminal "hush money" trial following a busy weekend on the campaign trail. The presumptive Republican presidential nominee appeared in Dallas for Saturday's National Rifle Association ...CBS News - Top stories - Donald Trump