Energy Price Falls Spark Drop in German and Spanish Inflation
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CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.CNBC - Business -
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.The Wall Street Journal - World -
German travel giant says takes overtourism 'very seriously'
Yahoo News - World - Germany -
Oil Rises, Buoyed by Second Straight Weekly Fall in U.S. Inventories
Oil gained in early Asian trade, buoyed by a second straight weekly decline in U.S. inventories.The Wall Street Journal - World -
EUR/USD Little Changed; Dollar Weakness May Be Limited Near Term
The EUR/USD traded little changed, and Danske Bank Research generally expects the pair to continue being range-bound in the near term.The Wall Street Journal - World -
Slovakia Has Charted Its Own Course Since the Fall of the Soviet Union
Slovakia is one of two nations born out of the former Czechoslovakia, a multiethnic nation established at the end of World War I.The New York Times - Top stories -
'American Idol' alum Jordin Sparks to perform national anthem ahead of 108th Indianapolis 500
Jordin Sparks, the singer-songwriter who shot to stardom on “American Idol,” will perform the national anthem before the 108th running of the Indianapolis 500 on Memorial Day weekendABC News - Entertainment -
Doncic triple-double, Dallas defense spark 104-92 win in Oklahoma City to go up 3-2
Doncic said the OKC crowd's "Luka Sucks" chants, "it gets me going."Yahoo Sports - Sports -
Good, not great, news on inflation
And more on goldFinancial Times - World - Inflation -
Dodgers don't go with bullpen game after all but still fall to Giants and Logan Webb
The Giants avoided a three-game sweep by the Dodgers behind a scoreless six-inning gem from ace Logan Webb.Yahoo Sports - Sports - MLB -
House GOP’s top-line figure for 2025 government funding to drop this week
Rep. Tom Cole (R-Okla.), chair of the House Appropriations Committee, said Wednesday that House Republicans will release their proposed top-line number for government funding for most of 2025 later this week. Cole said Wednesday afternoon that ...The Hill - Politics -
Overdose Deaths Dropped in U.S. in 2023 for First Time in Five Years
Preliminary numbers show a nearly 4 percent decrease in deaths from opioids, largely fentanyl, but a rise in deaths from meth and cocaine.The New York Times - Health -
Conservative outside group drops $70M on Senate Democrats in battlegrounds
Politico - Politics -
Here's the inflation breakdown for April 2024 — in one chart
The consumer price index rose 3.4% in April from a year earlier, marking a decrease from March, according to the Bureau of Labor Statistics.CNBC - Business -
Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.CNBC - Business -
Chargers drop another creative schedule release video, with a dig at Harrison Butker's commencement address
The Chargers once again pulled no punches with their schedule release video.Yahoo Sports - Sports -
Inflation Rises, but Key CPI Index Climbs Less Than Expected
The Consumer Price Index, which measures changes in the costs of household goods, rose 0.3 percent in April, a slight drop from the month before, potentially helping the case for the Fed to cut interest rates this year.Inc. - Business - Inflation -
US stocks close at record high on slower pace of inflation
Investors increase bets on Fed’s interest rate cuts this year as price growth moderatesFinancial Times - Business -
Inflation Moderated Slightly in April, Offering Some Relief for Consumers
Prices rose 3.4 percent in April from a year earlier, a slight easing from the previous month and a positive sign for the Federal Reserve.The New York Times - Business -
Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks
The weakness of the yen currency drives up the prices of imported food and gasoline.The Wall Street Journal - World - Japan -
Traders examine interest rate bets after inflation updates
Also in this newsletter: Putin hits out at west, Slovak PM shot, measuring productivity in the officeFinancial Times - World -
High inflation harms older households — and two factors determine who is most at risk, research finds
Retirees and near retirees face unique dilemmas when it comes to trying to make their money last amid rising prices.CNBC - Business -
Bitcoin is having its best day since March following cooler April inflation reading
Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.CNBC - Business - Crypto -
Bond-market rally may not be over after inflation report brings ‘massive relief’
The U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.MarketWatch - Business -
Ministers split over aid for Titanic shipbuilder Harland & Wolff
UK chancellor ‘dragging feet’ over £200mn package for Belfast groupFinancial Times - World -
Labour and Tories to raise pressure on City watchdog over growth
Concerns have risen over Financial Conduct Authority’s ability to spur competitivenessFinancial Times - World -
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.The Wall Street Journal - World