Angry Shoppers Are Fighting Back Against Inflation Even the Wealthy Ones Companies Are Feeling It
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ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Glynn's Take: RBA Gov. Bullock Alone in Fight to Tame Inflation
Reserve Bank of Australia Gov. Michele Bullock will have realized this week that she is now on her own when it comes to getting inflation down.The Wall Street Journal - World -
Navalny ally says he will ‘never give up’ in fight against Putin
Leonid Volkov, who was brutally attacked in March, says he shares his late friend’s belief in ‘beautiful Russia of the future’. Leonid Volkov, a close ally of the late Russian opposition leader Alexei Navalny, has vowed to “never give up” fighting ...The Guardian - World -
Just one company sells Chinese-made EVs in the U.S. Here’s how it’s navigating Biden’s new tariffs.
Analysts emphasize that Sweden-based Polestar had been moving away from having its electric vehicles made in China before this month’s news about U.S. tariffs.MarketWatch - Business -
Sony Music Group warns more than 700 companies against using its content to train AI
One of the biggest record labels in the world is issuing notices warning hundreds of companies not to train artificial intelligence models on its content without permission.NBC News - Top stories -
Giants reveal throwback uniforms for 100th anniversary, one year after bringing back popular 80s uniforms
The Giants have new throwback uniforms for 2024CBS Sports - Sports - NFL -
Instagram co-founder joins Anthropic as chief product officer in fight against OpenAI
Mike Krieger most recently co-founded Artifact, an AI-powered news app, alongside Systrom, but they sold it to Yahoo in April.VentureBeat - Tech -
Ukraine is rushing to reinforce its northeastern flank, the newest front in its fight against Russia's invasion.
Ukraine is rushing to reinforce its northeastern flank, the newest front in its fight against Russia’s invasion.The Wall Street Journal - World - Ukraine -
UFC Fight Night results, highlights: Lerone Murphy shows grit in big win against Edson Barboza
Murphy's face looked worse for wear despite a dominant performanceCBS Sports - Sports - UFC -
Sketchy Politics: Sunak's sinking feeling
The FT's UK political commentator Robert Shrimsley and deputy opinion editor Miranda Green sketch out Rishi Sunak's defectors, the fallout from the recent elections, and political drama in ScotlandFinancial Times - World -
Chinese shoppers are buying less than they used to — but they're spending on experiences
Yahoo News - World -
Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.MarketWatch - Business -
Murray 'feels great', 'hungry' for big Game 7
Nuggets guard Jamal Murray, dealing with a right elbow injury he picked up in Game 6, went through a full practice Saturday and is "feeling great."ESPN - Sports -
5/16: CBS Evening News
Morehouse College prepares for possible disruptions ahead of Biden's commencement address; Oncology nurse faces down her own cancer diagnosis with courageCBS News - World -
5/17: CBS Evening News
Video appears to show Sean "Diddy" Combs assaulting ex in 2016; How compassion, not just free tuition, helped one Ohio student achieve his college dreamsCBS News - Top stories -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
Is Your Company Ready for Interdependence?
Independence is great, but interdependence is what's really rewardingInc. - Business -
How Companies Dodge Tariffs
Protectionist trade policies are popular on both the left and right. But some economists say they’re likely to backfire.The New York Times - Business -
Angry Tesla Owners Will Take EV Maker to Court Over Self-Driving Autopilot Claims
A judge declined to throw out the class action suit against Tesla brought by buyers who said the company's self-driving tech forecasts were misleading.Inc. - Business - Tesla -
Why some conservative Vietnamese Americans are angry about L.A. County's new 'Jane Fonda Day'
Some Republican lawmakers in California, including a number of Vietnamese Americans, have come together in opposition to Jane Fonda Day.NBC News - Top stories -
Trump’s New York Trial: Where Page Six Meets ‘12 Angry Men’
The machinery of celebrity is being laid bare in a Manhattan courtroom amid the first criminal prosecution of a former U.S. president.The New York Times - Top stories - New York -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
Walmart's sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.
Walmart’s sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.The Wall Street Journal - World -
Even European Parliament Elections Have Consequences
The body has become emblematic of the EU’s dysfunction, but this year’s vote may actually matter.The Wall Street Journal - World -
In South Texas, Henry Cuellar’s Case Stirs an Old Feeling: Distrust
The Laredo congressman faces bribery charges, and some voters and party leaders worry that his legal troubles could dampen Democratic turnout.The New York Times - Top stories -
Feeling Stuck? 3 Skills to Help You Break the Cycle
Fulfillment hinges on feeling like your business matters and you're making progress.Inc. - Business -
I haven’t tried Ozempic but I know how it feels | Megan Nolan
Our desires are an essential part of who we are – as I discovered when I lost my appetite for six months. Mostly, walking down New York streets in spring sunshine is the cinematic, euphoric ideal of what it is to be alive. It’s the thing I looked ...The Guardian - World -
Bronny James recalls feeling starstruck after meeting Steph
An encounter with Warriors star Steph Curry left Bronny James in awe.Yahoo Sports - Sports -
Mum still feels guilt for son's infected blood death
Martin White died at the age of 33 after being given blood products contaminated with HIV.BBC News - Top stories -
New spending fight emerges
Business & Economy The Big Story McConnell and Democrats on collision course over spending Senate Republicans are on a collision course with Democrats over government funding, as the latter insists nondefense spending programs receive equal ...The Hill - Politics -
Tariffs against America
The EU should not be tempted to respond in kindFinancial Times - World -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
The Dow's road to 40,000 in one chart
The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.CNBC - Business -
Ray Dalio believes there’s a 35% or even 40% chance of a civil war in the U.S.
Hedge-fund billionaire can foresee people moving to states that align with their political views while refusing to abide by rules made by federal authorities whose politics they disagree with.MarketWatch - Business -
Evening Report — Cohen faces questions about background, past lies
A quick recap of the day and what to look forward to tomorrow {beacon} Evening Report © Elizabeth Williams via AP Cohen takes a grilling on Trump trial witness stand Michael Cohen, former President Trump's one-time lawyer and "fixer" took ...The Hill - Politics