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The Fed Is Eyeing the Job Market, but It’s Difficult to Read
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Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
FTAV’s further reading
17 Mai; VC friends; leverage; used Teslas; elephant greetingsFinancial Times - World -
8 Books to Read Now: Best in Business
Books that illuminate the workplace and the marketplace, as featured by The Wall Street Journal’s reviewers.The Wall Street Journal - World -
Kharkiv fighting difficult but under control - Zelensky
Yahoo News - World - Ukraine -
U.S. citizen accused of helping North Korean IT workers infiltrate U.S. companies
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.CBS News - Top stories -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Giro d’Italia 2024: Alaphilippe goes it alone on stage 12 after ‘difficult times’
Frenchman shakes off 10-strong breakaway to win in FanoNo change for Pogacar at top of the general classificationJulian Alaphilippe’s early break paid off as the Soudal Quick-Step rider bravely held off the chasers to win stage 12 of the Giro ...The Guardian - World -
NFL schedule release 2024: Steelers, Bills with toughest roads to playoffs due to difficult season slate
The Steelers and Bills won't have an easy road to the postseasonCBS Sports - Sports - NFL
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Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
U.A.W. Effort to Organize Mercedes Workers in Alabama Has High Stakes
Southern political leaders say a win for the United Automobile Workers would threaten their economies. Activists want to strike a blow against a system they say exploits the poor.The New York Times - Business -
EU Investigates Facebook and Instagram Over Addictive Effects on Children
The American tech giant’s platforms, Facebook and Instagram, may “exploit the weaknesses and inexperience of minors,” the European Commission said.The New York Times - Business - European Union -
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 -
Netflix and the N.F.L. Sign a Three-Season Deal
Football joins pro wrestling and comedy specials in an expansion of the streaming service’s live offerings, a key step in the company’s overall live TV strategy.The New York Times - Business - Netflix