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Has the U.S. Economy Evolved Beyond Inevitable Recessionary Cycles?
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Only the U.S. has the ability to break the cycle of violence in Gaza, Egyptian foreign minister says
Egypt's Foreign Minister Sameh Shoukry called on the U.S. to leverage its influence over Israel to prevent further bloodshed in Gaza.CNBC - Business -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate, but the report also included more evidence that the Federal Reserve’s efforts to tame price increases have stalled.The New York Times - Top stories -
U.S. Economy Grew at 1.6% Rate in First Quarter
Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.The New York Times - Business -
GDP set to top 2% again, extending hot streak for U.S. economy
The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.MarketWatch - Business -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.The New York Times - Business -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.The New York Times - Business -
JPMorgan CEO Jamie Dimon hopes for soft landing for U.S. economy but says stagflation is possible
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.NBC News - Top stories -
Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts
Older Americans are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending.NBC News - Top stories - Federal Reserve -
Strong U.S. dollar could weigh on the global economy. Here’s why that hasn’t happened yet, according to Capital Economics.
The surging U.S. dollar is once again sending shivers through global financial markets, but the consequences of a strong greenback could be exaggerated, according to Capital Economics.MarketWatch - Business -
Israel’s Invasion of Rafah Is All but Inevitable, Experts Say
Israel says an assault on Gaza’s southernmost city is vital to dismantling Hamas and has proposed evacuating civilians. But more than a million people have taken refuge in the city.The New York Times - World - Israel
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California Disney Characters Follow Florida Co-Workers into Unionization
The California characters are seeking to organize with the Actors' Equity Association, whereas the Florida characters have been part of the International Brotherhood of Teamsters for four decades.Inc. - Business - Florida -
China Musk
While Tesla has a major base in Shanghai, it wasn't clear whether he was attending the trade show.Inc. - Business - China -
Tesla's Full Self Driving Tech Poised to Accelerate in China Amid Sales Slump
Elon Musk says Tesla secured tentative approval to launch its driver-assistance technology, which could give Tesla a competitive edge in China.Inc. - Business - China -
Tensions Are Rising Over Israel-Hamas War. But How Should Employers Respond?
As the conflict continues, experts urge companies to proactively support employee well-being and create inclusive workplaces.Inc. - Business - Israel -
4 Leadership Skills That Helped Jensen Huang Build Nvidia Into a $2 Trillion Company
Huang started his career washing dishes at Denny's and now runs the third most valuable company in the world.Inc. - Business