Slowing Growth Pushes Californias Unemployment Rate to No 1 Nationally
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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 growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC News - Top stories -
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 -
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 -
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 -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
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 -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Politics -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Top stories -
Microsoft cloud growth accelerates on back of AI push
Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.CNBC - Business - Microsoft -
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 -
Mixed predictions on German unemployment for 2024
Yahoo News - World - Germany -
Chicago Bears select quarterback Caleb Williams of Southern California with No. 1 pick in NFL draft
Chicago Bears select quarterback Caleb Williams of Southern California with No. 1 pick in NFL draftABC News - Sports - NFL -
Slowing Down for Poetry and Time
A London exhibition by Van Cleef & Arpels will showcase heritage pieces alongside novelties introduced at the Watches and Wonders fair.The New York Times - Lifestyle -
Meneses hits 2-run single in 8th to lift Nationals to 3-1 win over Marlins
Joey Meneses hit a tiebreaking two-run single in the eighth inning and the Washington Nationals beat the Miami Marlins 3-1ABC News - Sports - MLB -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - World -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - World -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - World -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - Business -
Pro-Palestinian protests erupt at University of Southern California
Pro-Palestinian protesters at the University of Southern California were forced to clear their tents by campus police Wednesday. CBS News Los Angeles reporter Luzdelia Caballero is following the protests.CBS News - Top stories - California -
California university cancels event over Gaza protests
Meanwhile, hundreds of students march in Washington DC, and congresswoman Ilhan Omar joins protesters at a New York campus.BBC News - Top stories - California -
University of Southern California Confronts an Unfamiliar Era of Protest
The 144-year-old Los Angeles institution has not had a reputation for campus activism, but it now finds itself embroiled in controversies over the war in Gaza.The New York Times - Top stories - California -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Top stories - Tiktok -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Business - Tiktok -
Israel's push into Rafah to begin with evacuations, reports say
Yahoo News - World - Israel -
Tough questions as Supreme Court debates Trump's immunity claim
Justices push lawyers for both sides on whether a president can be criminally prosecuted for acts while in office.BBC News - Top stories - Donald Trump -
Microsoft Makes a New Push Into Smaller A.I. Systems
The company that has invested billions in generative A.I. pioneers like OpenAI says giant systems aren’t necessarily what everyone needs.The New York Times - Tech - Microsoft -
Morning Report — Trump’s push for legal delays is working
It is increasingly possible that former President Trump may dodge a federal trial before Nov. 5 on charges of election interference, a goal of his defense and a potential blow to special counsel Jack Smith’s case charging Trump with illegally ...The Hill - Politics - Donald Trump -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Tech - Tiktok -
Third Republican endorses push to oust Johnson
Politico - Politics -
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 -
Russia Strikes Ukraine’s Railways and Vows to Slow Arrival of U.S. Aid
The attacks killed at least six civilians and injured dozens of others, the Ukrainian military and local officials said.The New York Times - World - Ukraine -
Russia Strikes Ukraine’s Railways and Vows to Slow Arrival of U.S. Aid
The attacks killed at least six civilians and injured dozens of others, the Ukrainian military and local officials said.The New York Times - Top stories - Ukraine -
Arizona House Votes to Repeal Abortion Ban
The state Senate will vote on the measure next week, and several Republicans have signaled they would join Democrats to support it, giving it a good chance of passage. Democratic Gov. Katie Hobbs has said she would sign a repeal.The Wall Street Journal - World - Abortion -
Gov. Gavin Newsom wants to let Arizona doctors provide abortions in California
California Gov. Gavin Newsom and state lawmakers have announced legislation aimed at helping Arizonans access abortions after the Arizona Supreme Court allowed a near total-ban to move forwardABC News - Health - California -
What to know about pro-Palestine university protests, from Texas to California
A wave of pro-Palestinian protest grew even larger Wednesday as college students around the country marched, camped out and in some cases were taken into police custody.The Hill - Politics - California -
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 -
Hippies Settled This Unusual California Community. Now Its Homes Sellfor Millions.
The Sea Ranch is secluded, architecturally distinct and doesn’t come cheap. ‘There’s no place like this anywhere.’The Wall Street Journal - World - California -
California Rule Seeks to Limit Health Cost Increases to 3 Percent
The stateHealth Care Affordability Board wants to cap annual health care price hikes with new five-year plan.Inc. - Business - California -
Harvey Weinstein rape conviction overturned by N.Y. court; California conviction stays
In a stunning reversal, a New York appeals court overturned the conviction of movie mogul Harvey Weinstein, citing errors by the trial judge.Los Angeles Times - Entertainment - California