Economic Report Us Employment Costs Jump Again and Offer Little Comfort to Fed in Inflation Fight
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Trump Media’s fight turns to legal short selling, as ‘DJT’ shares rise again
Shares of Trump Media and Technology Group Corp. rallied again Monday, and have now more than doubled over roughly two weeks, after the latest assault by the parent of Donald Trump’s social-media platform Truth Social against short selling — this ...MarketWatch - Business - Donald Trump -
10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.CNBC - Business - Federal Reserve -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.NBC News - Top stories - Federal Reserve -
Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bidABC News - Top stories -
All the data so far is showing inflation isn't going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very good.CNBC - Business -
More Bad News for the Fed: Its Favorite Inflation Gauge Increased More Than Expected in March
The PCE price index surged last month, putting the rate cut hopes of entrepreneurs on ice.Inc. - Business -
All the data so far is showing inflation isn't going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good.NBC News - Top stories -
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 -
US executive pay jumps 9 per cent, widening transatlantic gap
A soaring stock market is adding to the fortunes of American bosses compared with counterparts in the UKFinancial Times - Business -
Tesla stock jumps after reports China data security rules cleared, partnership deal with Baidu
Elon Musk made a surprise visit to China over the weekend, and didn’t walk away empty-handed.MarketWatch - Business - China -
Deebo Samuel, Brandon Aiyuk trade rumors: 49ers fielding offers for both WRs, per report
The 49ers are apparently willing to trade one of their top two receiversCBS Sports - Sports - NFL -
GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen
Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment.MarketWatch - Business - Federal Reserve -
GDP report shows why it’s a fool’s game to bet on the Fed’s interest-rate moves
Buying stocks after the “final rate hike” in a cycle demands perfect timing.MarketWatch - Business -
Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot
Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. economic growth slowed to 1.6%.MarketWatch - Business -
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 -
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 again called on Vladimir Putin to release Wall Street Journal reporter Evan Gershkovich from a Russian jail during a black-tie gala in Washington.
Biden again called on Vladimir Putin to release Wall Street Journal reporter Evan Gershkovich from a Russian jail during a black-tie gala in Washington.The Wall Street Journal - World - Russia -
Biden again called on Vladimir Putin to release Wall Street Journal reporter Evan Gershkovich from a Russian jail during a black-tie gala in Washington.
Biden again called on Vladimir Putin to release Wall Street Journal reporter Evan Gershkovich from a Russian jail during a black-tie gala in Washington.The Wall Street Journal - World - Russia -
Biden again called on Vladimir Putin to release Wall Street Journal reporter Evan Gershkovich from a Russian jail during a black-tie gala in Washington.
Biden again called on Vladimir Putin to release Wall Street Journal reporter Evan Gershkovich from a Russian jail during a black-tie gala in Washington.The Wall Street Journal - World - Russia -
US military ships are working to build a pier for Gaza aid. It's going to cost at least $320 million
A U.S. Navy ship and several Army vessels involved in an American-led effort to bring more aid into the besieged Gaza Strip are offshore from the enclave and building out a floating platform for the operationABC News - World -
UConn basketball recruiting: Saint Mary's star Aidan Mahaney commits to Huskies, who use transfer portal again
Mahaney, the No. 45 player in CBS Sports' Transfer Rankings, is the second key transfer for the reigning national championsCBS Sports - Sports -
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 -
Middle East crisis live: US and other countries link ‘immediate ceasefire’ to hostages’ release
White House releases joint letter signed with 17 other countries saying such a deal would lead to the ‘credible end of hostilities’. Here are some of the scenes in Jerusalem, where people, including Israeli interior security minister Itamar ...The Guardian - World -
Nintendo Switch 2 Might Be Using Magnetic Joy-Con Controllers - Report
The Nintendo Switch successor is reportedly using magnetic Joy-Con controllers, and the Joy-Con controllers currently used with the Switch might not be backwards compatible with it.. According to a report from Spanish outlet Vandal (translated by ...GameSpot - Tech -
US intel signals Putin not directly to blame for Navalny’s untimely death: Reports
U.S. intelligence agencies signal that Russian President Vladimir Putin may not have planned for Alexei Navalny to have died when he did, a new report said. The Wall Street Journal report said U.S. agencies have determined that Putin likely didn’t ...The Hill - Politics -
Meta Platforms reported record first-quarter revenue as the company's advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.
Meta Platforms reported record first-quarter revenue as the company’s advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.The Wall Street Journal - World -
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 -
The 'Senior' Jobs That Require Little or No Experience
Many early-career jobs now come with inflated titles, and a loophole in the FTC’s new ban on noncompetes could lead to dubious promotionsThe Wall Street Journal - World -
Swedbank Upbeat on Economic Recovery
Swedbank’s earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with ...The Wall Street Journal - World -
Swedbank Upbeat on Economic Recovery
Swedbank’s earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with ...The Wall Street Journal - Business -
Trump Is Flirting With Quack Economics
Beware strongmen who engage in magical thinking.The New York Times - Top stories - Donald Trump -
How to Raise Housing Costs
California shows the way.The Wall Street Journal - World -
Putin likely didn't order Navalny's death, says US intelligence official: report
Russian President Vladimir Putin likely did not order the death of opposition leader Alexei Navalny, a senior U.S. intelligence official told The Wall Street Journal on Sunday. Navalny died in a Russian prison in February, and foreign leaders ...The Hill - Politics -
You need at least $1 million to retire comfortably in these 10 U.S. states—half are in the Northeast
While not everyone hopes to retire as a millionaire, you may need to be one to retire comfortably in these U.S. states, per GOBankingRates.CNBC - Business -
More Americans have little, no confidence in Netanyahu: Poll
An increasing number of Americans have little to no trust in Israeli Prime Minister Benjamin Netaynahu's handling of world affairs, according to a new poll. A new report, issued Thursday by Pew Research Center, found 53 percent of U.S. adults said ...The Hill - Politics -
Greece’s economic rebound in (painful) context
Scar tissue that I wish you sawFinancial Times - World -
Oracle's Jump to Nashville Surprises Austin
The software giant said it is making the leap to get closer to the healthcare industry.The Wall Street Journal - Tech - Tennessee -
Microsoft Earnings Jump on AI Demand
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.The Wall Street Journal - Tech - Microsoft -
Oracle's Jump to Nashville Surprises Austin
The software giant said it is making the leap to get closer to the healthcare industry.The Wall Street Journal - Tech - Tennessee