Eurozone Inflation Returns to Single Figures in Sharper Than Expected Fall
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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 -
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 -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
Gilead’s quarterly loss is narrower than expected
Gilead Sciences Inc.’s stock dipped 0.2% in after-hours trading Thursday, after the drug company’s adjusted first-quarter profit was narrower than expected.MarketWatch - Business -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - World -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%
The Bank of Japan kept its interest-rate target unchanged, a month after it made its first rate increase in 17 years.The Wall Street Journal - World - Japan -
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 -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 15.4%.MarketWatch - Business -
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
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 -
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 -
Many Americans retire far earlier than expected — and not by choice
About 7 in 10 retirees stop working before they turned 65. For many of them, it was for reasons beyond their control.CBS News - Top stories -
Rory McIlroy on expected return to PGA Tour policy board: 'I don't think there's been much progress made'
McIlroy cannot confirm whether he is on his way back to the board, but he does have plenty of motivation to make that moveCBS Sports - Sports -
Treasury yields slip from 2024 highs after Fed’s favored inflation gauge meets expectations
Long-term Treasury yields finished off their highest levels of the year on Friday after the Federal Reserve’s preferred inflation gauge matched expectations, but they still notched their fourth straight week of advances.MarketWatch - Business -
IRS free tax filing pilot processed more than 140,000 returns, saved consumers $5.6 million in prep fees
This season, the IRS Direct File pilot helped more than 140,000 million taxpayers file taxes for free and saved $5.6 million in tax prep fees.CNBC - Business -
Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.CNBC - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.The Wall Street Journal - World -
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.CNBC - Business -
No, a Shadowy Figure Is Not Buying Tents for Columbia Student Protesters
Conspiracies about outside forces funding and orchestrating the university protests at Columbia and NYU have taken hold online, primarily on X.Wired - Tech -
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