Economic Report Us Consumer Sentiment Rebounds Slightly in Late May But Worries Persist
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Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Nigeria’s naira rebounds sharply after bumper interest rate rises
After hitting record low against dollar, naira has become world’s best-performing currency in recent weeksFinancial Times - World -
Colorado Bill Aims to Protect Consumer Brain Data
In a first, a Colorado law extends privacy rights to the neural data increasingly coveted by technology companies.The New York Times - Science -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - Business -
The Tricky Logistics Behind Direct-to-Consumer Strategies
Suppliers stepping up efforts to reach shoppers are having to mount costly new supply chains built to the task.The Wall Street Journal - World -
Willie Mays Fast Facts
Read Fast Facts from CNN about Hall of Famer Willie Mays.CNN - Top stories -
Persistently High Commodity Prices Could Delay Rate Cuts
Global commodity prices are expected to soften this year and next but remain considerably above prepandemic levels, making it harder for central banks to lower inflation and loosen monetary policy, the World Bank said.The Wall Street Journal - World -
As ketamine therapy booms, industry insiders worry about patient safety
Ketamine has become a popular alternative treatment for depression and other mental-health ailments — but doctors and regulators are increasingly concerned about its risks.MarketWatch - Business -
Trump immunity case takeaways: Worry over lawlessness or hobbling POTUS dominates
The Supreme Court heard a historic case on whether Trump has immunity or can be criminally prosecuted over his efforts to overturn his 2020 election lossABC News - Top stories - Donald Trump -
As USC cancels commencement, Columbia students worry theirs could be disrupted
After the University of Southern California canceled its main commencement, students at other campuses with protests wonder if theirs will be next.NBC News - Top stories -
Man Utd fight back twice to beat Sheff Utd late on
Manchester United have to come from behind twice to beat bottom-of-the-table Sheffield United at Old Trafford.BBC News - Top stories -
What’s going on with the Houston Astros? And can they turn it around before it's too late?
Injuries to the rotation, underperformance from the bullpen and bad luck on offense have sunk the Astros to last in the AL West.Yahoo Sports - Sports -
Cleverly likens Tory plots against Sunak to leaving plane without parachute
UK home secretary says an attempted putsch against PM after a local election drubbing would be a ‘catastrophic idea’Financial Times - Business -
BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders
Legal & General and Abrdn criticise offer as undervaluing UK-listed minerFinancial Times - Business -
BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders
Legal & General and Abrdn criticise offer as undervaluing UK-listed minerFinancial Times - Business -
BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders
Legal & General and Abrdn criticise offer as undervaluing UK-listed minerFinancial Times - Business -
Putin plans to visit China in May
Yahoo News - World - China -
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 -
Unilever, Nestle slow price rises but the struggle for consumers remains
Both Nestle’s and Unilever updated investors on Thursday, with markets closely eyeing how the companies are handling the start of pulling back on price hikes.MarketWatch - Business -
U.K. consumers get a spring back in their step as confidence mounts
Consumer confidence ticked a little higher in the U.K. this month, suggesting Britons are feeling more well-off as real incomes rise.MarketWatch - Business -
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.MarketWatch - Business -
Stocks, Bonds Tumble After Economic Data Release
Slowing growth, stubborn inflation drive a broad-based decline in shares.The Wall Street Journal - World