Economic Outlook Recession Watch Us Economy Is on Shaky Ground
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Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Tory candidates distance themselves from Sunak ahead of local elections
Mayoral and council hopefuls in UK opt for different colours on campaign material and avoid references to partyFinancial Times - Business -
UK house prices fall unexpectedly for second month in a row
Nationwide data reflects impact of recent rise in mortgage ratesFinancial Times - Business - United Kingdom -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Biden’s worst-case economic scenario is unfolding at the worst possible time
The economic growth that the administration hoped would at least outstrip inflation’s increase — and reverse some of that cumulative effect — is not.The Hill - Politics - Joe Biden -
Councils to watch in the 2024 local elections
Where might the main political parties make gains and losses in the local elections on 2 May?BBC News - Top stories -
Chris Mason: What to watch out for in local polls
The BBC's political editor breaks down what this week's local elections will mean for national politics.BBC News - Top stories -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Aston Martin Outlook on Track, New Cars to Boost Growth
Aston Martin losses grew in the first quarter on lower revenue, but said it expected the launch of four new models this year would drive growth in the second half.The Wall Street Journal - World -
GSK raises profit outlook on strong vaccine and HIV drug sales
Quarterly results beat expectations and signal strong start for pharma groupFinancial Times - Business -
Why Super Micro’s stock is falling despite an upbeat growth outlook
One analyst’s price target implies 60% further downside, in part due to margin concerns, as AI competition heats up.MarketWatch - Business -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Aston Martin Outlook on Track, New Cars to Boost Growth
Aston Martin losses grew in the first quarter on lower revenue, but said it expected the launch of four new models this year would drive growth in the second half.The Wall Street Journal - Business -
S.Korea factory activity shrinks in April, but optimism about outlook ticks up
Yahoo News - World -
Pandora Lifts Sales Outlook After Strong Start to Year
Pandora raised its revenue guidance after reporting a market-beating result for the first quarter, and said the second quarter had got off to a healthy start with high single-digit like-for-like growth.The Wall Street Journal - World -
Hugo Boss Keeps Outlook After Strong First Quarter
Hugo Boss reported profit and revenue growth in the first quarter, helped by brand investment and efficiency gains, and confirmed its full-year targets.The Wall Street Journal - World -
CBS News poll finds economy is a top issue in major battleground states for Biden, Trump
The first CBS News battleground tracker poll of 2024 found Wisconsin, Pennsylvania and Michigan in a statistical tie between President Biden and former President Trump if people voted today.CBS News - Politics - Joe Biden -
People are spending less on fast food. That makes sense for consumers, even if it’s a red flag for companies — and the economy.
“Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and Starbucks will survive.”MarketWatch - Business -
WATCH: Biden speaks at the White House Correspondents’ Dinner
President Joe Biden poked fun at his age, Donald Trump's legal issues, Lauren Boebert and Fox News during his remarks at the annual White House Correspondents' Dinner in Washington, D.C.ABC News - Top stories - Joe Biden -
What to Watch for at Today’s Fed Meeting on Interest Rates
Policymakers are expected to leave borrowing costs unchanged, but investors are bracing for signals that rates will stay higher for longer.The New York Times - Top stories - Federal Reserve -
WATCH: Bees delay Diamondbacks baseball game
The Arizona Diamondbacks game against the Los Angeles Dodgers was delayed nearly two hours on Tuesday after a bee colony decided to form at the top of the protective netting behind home plate.ABC News - Top stories - MLB -
Russians flock to see captured Western tanks
The exhibition was on display in Moscow's Victory Park, it included British hardware given to Ukraine.BBC News - Top stories - Russia -
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.The New York Times - Business - Federal Reserve -
White House holds press briefing: Watch live
White House press secretary Karine Jean-Pierre is slated to hold the daily press briefing Wednesday afternoon under the shadow of college protests across the nation over the ongoing war in Gaza. It comes as President Biden has continually come ...The Hill - Politics -
Watch Live: Federal Reserve News Conference
Watch as Fed Chair Jerome Powell speaks after the Federal Reserve’s latest policy-setting meetingThe Wall Street Journal - World - Federal Reserve -
WATCH: Birth of baby giraffe surprises Houston Zoo
Keepers at the Houston Zoo knew giraffe Kamili was pregnant, but didn't know the exact delivery date — until they arrived at work one morning to find a newborn baby giraffe, named Tino.ABC News - Top stories -
Trump could drive inflation higher with his second-term economic agenda, analysts say
Donald Trump has blamed President Joe Biden for stubbornly high inflation during Biden's presidency.CNBC - Business - Donald Trump -
If history is any indication, the economic impact of campus protests could be felt at colleges across the U.S.
In the 1960s, some policy makers reacted to protests by curtailing funding for colleges. Today, lawmakers are threatening to do the same.MarketWatch - Business -
Higher interest rates make government debt unviable as an economic solution | Kenneth Rogoff
Big economies such as the US must change fiscal policy as the realities of debt and inflation bite. For more than a decade, numerous economists – primarily but not exclusively on the left – have argued that the potential benefits of using debt to ...The Guardian - World -
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China's government over the prospects for the world's second-largest economy.
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China’s government over the prospects for the world’s second-largest economy.The Wall Street Journal - World - China -
How to watch Bay FC vs. Portland Thorns FC: NWSL live stream, where to watch on TV, start time
The two teams meet Wednesday night in San JoseCBS Sports - Sports -
Where to watch OM vs. Atalanta live stream: How to watch Europa League online, TV channel, odds
The French side will host Atalanta for the first leg of the semifinalsCBS Sports - Sports -
Where to watch AS Roma vs. Bayer Leverkusen live stream: How to watch Europa League online, TV channel, odds
The Giallorossi will host Xabi Alonso's side at the Stadio OlimpicoCBS Sports - Sports -
Coca-Cola beats first-quarter earnings estimates, raises annual revenue outlook
Coca-Cola Co. reported better-than-expected first-quarter results before market open Tuesday, boosted by what the beverage giant described as “a dynamic backdrop.”MarketWatch - Business -
CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business -
Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
Pfizer’s first-quarter results top estimates, while drugmaker boosts full-year profit outlook
Pfizer on Wednesday reported first-quarter results that beat analyst expectations, and raised its full-year profit guidance as cancer and heart-disease drugs helped offset plummeting COVID product sales.MarketWatch - Business -
Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”MarketWatch - Business -
DoorDash’s outlook is sinking its stock. But one analyst says it typically forecasts conservatively.
Food-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter loss amid signs of a slight slowdown in growth for its large U.S. restaurant business, and it offered a second-quarter forecast for a key demand metric ...MarketWatch - Business -
Novo Nordisk now has more than 130,000 weight-loss prescriptions as it hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after boosting supplies to meet insatiable demand.MarketWatch - Business