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Beating inflation will likely require U.S. unemployment to rise
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Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Comex Gold Ends 1.4% Higher at $2412.20
Front Month Comex Gold for May delivery gained 1.4% to $2412.20 — a fresh record highThe Wall Street Journal - 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 -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World
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Trump’s immigration plan could add trillions of dollars to national debt, fueling inflation and market jitters
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As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.MarketWatch - Business -
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