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Chipotle Keeps Raising Prices. Gym Rats and Millennials Are Still Buying Burritos.
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Fed’s Bowman says she’s still willing to raise rates
“I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Fed Governor Michelle Bowman said Friday.MarketWatch - Business -
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.The Wall Street Journal - World -
AI engineers report burnout and rushed rollouts as 'rat race' to stay competitive hits tech industry
AI workers across the tech industry told CNBC that the pressure to roll out features and products at breakneck speed has come to define their jobs.CNBC - Business -
Legrand Misses Forecasts But Keeps Outlook
Legrand posted lower profits for its first quarter following a slowdown in the construction sector, but confirmed its financial targets for the year.The Wall Street Journal - World -
Philly's playoff exit raises a slew of questions -- and dramatically answered another
Injuries continue to haunt Joel Embiid and the 76ers as they exit the playoffs. But, behind Tyrese Maxey's rise and an offseason full of options, Philly has reasons for optimism.ESPN - Sports -
Daimler Truck Targets Unchanged After Earnings Beat
Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing.The Wall Street Journal - World -
'The Northeast Corridor' Review: Keeping a Region on Track
Plans to unify a patchwork railroad network were complicated by the many rivers and bays of the Atlantic coast. Engineers had to get creative.The Wall Street Journal - World -
Treasury yields see biggest weekly drops in months as tepid April jobs report raises rate-cut hopes
Treasury yields finished at their lowest levels in three weeks on Friday after April’s official jobs report brought the potential for a Federal Reserve interest-rate cut back to the minds of some traders.MarketWatch - Business -
Kentucky Derby: Fierceness' odds keep shrinking ahead of the 150th race
Sierra Leone is the No. 2 favorite at 6-1.Yahoo Sports - Sports -
Can Elon Musk’s Tesla keep straddling the US and China?
The EV maker has agreed a deal over driving technology with a leading Chinese internet company just as Washington is on edge about data securityFinancial Times - World
More from The Wall Street Journal
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Sony, Apollo Make $26 Billion All-Cash Offer for Paramount
Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.The Wall Street Journal - Business -
Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.
The government has referred 860,000 delinquent Covid loans for collection—tacking on billions of dollars in fees for small-business borrowers.The Wall Street Journal - Business -
The Universal Music-TikTok Spat Is Over. Here's What Artists Won.
The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of February.The Wall Street Journal - Business -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Former Pioneer CEO Is Accused of Trying to Collude With OPEC
The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.The Wall Street Journal - Business