Economic Report Goldilocks Scenario Slower Increases in Worker Wages Could Help Us Economy Avert A Recession
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U.S. economic growth slower than expected in 2024's first quarter
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why ...CBS News - Top stories -
Chipotle says it’s seen no impact yet on consumers from California wage increases
Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items.MarketWatch - Business - California -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
Employers are using zero-hours contracts to cut wage bills, study finds
Research by Resolution Foundation will increase calls for reform of UK workers’ rightsFinancial Times - World -
Employers are using zero-hours contracts to cut wage bills, study finds
Research by Resolution Foundation will increase calls for reform of UK workers’ rightsFinancial Times - Business -
Aid into Gaza increased after Israel killed 7 workers, but groups say they're not celebrating
After Israeli strikes killed seven World Central Kitchen workers, aid convoys have entered northern Gaza for the first time since the start of the war.NBC News - Top stories - Israel -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World -
Black and Latino workers die on the job at disproportionate rates, new report shows
Black workers’ job fatality rates are the highest they’ve been in nearly 15 years, and Latino workers die on the job more than any other group, according to a new report.NBC News - Top stories -
US West seeks development of workforce, sustainable economy
Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story US West seeks development of workforce, sustainable economy As hotspots across the U.S. West strengthen their stature as hubs for technological ...The Hill - Politics -
Chuck Todd: How lower voter turnout could help Biden in November
NBC News Chief Political Analyst Chuck Todd discusses election interest hitting a new low and explains why lower voter turnout could help President Biden’s re-election campaign.NBC News - Politics - Joe Biden -
US economic growth falls short of expectations with 1.6 percent annualized gain
U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, according to a new government reading released Thursday. Gross domestic product (GDP) grew at an annualized rate of 1.6 percent ...The Hill - Politics -
'Europe could die,' France's Macron says as he calls for stronger defense and economic reform
President Emmanuel Macron appealed for stronger, more integrated European defenses and said the continent must not become a vassal of the United States.NBC News - Top stories -
US economy grew less than expected in first quarter at 1.6% rate
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted marketsFinancial Times - World -
Biden dealt blow as investors scale back bets on pre-election rate cut
Markets no longer fully confident of move by September following new growth and inflation dataFinancial Times - Business - Joe Biden -
Workers earning up to $58K a year could soon become eligible for overtime pay
The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.CNBC - Business -
Workers earning up to $58K a year could soon become eligible for overtime pay
The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.CNBC - Business -
Workers earning up to $58K a year could soon become eligible for overtime pay
Millions more Americans could become eligible for overtime pay.NBC News - Top stories -
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.The Wall Street Journal - World -
England tops chart for child alcohol use - report
The World Health Organization also finds higher rates of drinking and vaping among teenage girls.BBC News - Top stories -
How economists could make themselves more useful
There is a gap between the research supplied by academia and what policymakers actually wantFinancial Times - World -
How economists could make themselves more useful
There is a gap between the research supplied by academia and what policymakers actually wantFinancial Times - Business -
Fantasy Baseball: This one change could help Yoshinobu Yamamoto reach ace-level production
Don't sell Yamamoto just yetCBS Sports - Sports - Fantasy Football -
How active ETFs could help investors navigate recent wild swings in the stock market
Signs of improving market breadth, beyond the tech giants, creates opportunities for the new wave of active exchange-traded funds.MarketWatch - Business -
US economic growth slows; Anglo American shares surge after BHP proposes £31.1bn takeover – as it happened
FTSE 100 hits another record, after buyout offer for Anglo American, while US economy slowed by more than expected in the last quarter. Full story: US growth slows as inflation rises, spooking marketsFull story: BHP moves to buy Anglo American ...The Guardian - World -
Biden leans into courting union workers by bashing Trump: ‘He looks down on us’
President Biden put his strategy of appealing to union workers on display Wednesday by painting himself as more like them and less like former President Trump. Biden has spoken to crowds of union workers twice in the past week, using each occasion ...The Hill - Politics - Joe Biden -
Walmart US CEO talks inflation, self-checkout, and non-college degree workers
Walmart US CEO talks inflation, self-checkout, and paying six-figures to non-college degree workers.ABC News - Top stories -
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC News - Top stories -
What does Taiwan get from the foreign aid bill and why is the US economy among the biggest winners?
The sweeping foreign aid package passed by congress has drawn the ire of China, but billions of dollars will actually stay in the US. Taiwan’s president Tsai Ing-wen has praised the US Congress for passing a sweeping foreign aid package this week ...The Guardian - World -
What Is a ‘Decent Wage’? France’s Michelin Raises a Debate.
The tire maker vowed to ensure that none of its workers would struggle to make ends meet.The New York Times - Business -
Humza Yousaf faces knife-edge confidence vote after collapse of Scottish coalition
Greens to back opposition motion against first minister following breakdown of power-sharing deal with SNPFinancial Times - World -
Humza Yousaf faces knife-edge confidence vote after collapse of Scottish coalition
Greens to back opposition motion against first minister following breakdown of power-sharing deal with SNPFinancial Times - World -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
Haitian premier Ariel Henry steps down amid gang crisis
Transitional council to run poverty-stricken country in deal backed by US and Caribbean nationsFinancial Times - World - Premier League