Uk Stocks Tick Up As Traders Await Economic Data
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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 -
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 -
Here are some of the tech stocks Daniel Loeb’s Third Point hedge fund has snapped up
Daniel Loeb’s Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.MarketWatch - Business -
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 -
Biden has become detached from economic reality
The vast majority of Americans recognize Bidenomics as a disaster for the nation.The Hill - Politics - Joe Biden -
Has the US declared economic war on China?
Biden unleashes new tariffs on Chinese EVs and clean energy importsFinancial Times - World - China -
US government data shows the number of fatal overdoses fell last year
US government data shows the number of fatal overdoses fell last yearABC News - Health -
Colombia’s Interest Rates ‘Strangle’ Economic Growth, Petro Says
Yahoo News - World -
Data centres have turned Big Tech into big spenders
Companies need AI services revenues, not cost savings, to fuel data centre boomFinancial Times - Business -
Stocks set new records
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story New inflation data sends stocks soaring All three of the major U.S. stock indexes closed at record highs Wednesday after new federal ...The Hill - Politics - Stock Market -
The green transition can kick-start a revival in UK manufacturing
In the race to meet global demand for climate-friendly tech and products, government needs to nurture potential winnersFinancial Times - Business - United Kingdom -
Libor convictions reviewed by UK fraud agency in wake of disclosure problems
SFO to re-examine cases including former UBS and Citigroup trader Tom HayesFinancial Times - Business - United Kingdom -
Axing northern leg of HS2 will stunt UK growth, says official adviser
National Infrastructure Commission warns ‘window is closing’ for ministers to ensure alternative rail capacity is builtFinancial Times - Business - United Kingdom -
UK migration policy risks undermining university sector, business warns
Rio Tinto, Siemens and Anglo American say curbs to overseas student numbers threaten investment, in letter to PMFinancial Times - Business - United Kingdom -
Man told he is not British after 42 years in UK
Nelson Shardey now faces a 10-year wait for "settlement" and a bill running into thousands of pounds.BBC News - Top stories - United Kingdom -
Meme Stocks Are Back, to Mixed Reactions
Online investors have embraced unlikely companies and ridden the dizzying highs and crashing lows of their share prices.Inc. - Business -
The U.S. saw a slight decline in the number of overdose deaths last year, marking a rare improvement in a persistent fentanyl crisis, preliminary federal data show.
The U.S. saw a slight decline in the number of overdose deaths last year, marking a rare improvement in a persistent fentanyl crisis, preliminary federal data show.The Wall Street Journal - World -
Nikkei Rises 1.4%, Led by Electronics, Brokerage Stocks
Japanese stocks ended higher, led by gains in electronics and brokerage stocks, as easing U.S. inflation keeps hopes for Fed rate cuts later this year intact.The Wall Street Journal - World -
The UK’s broken refugee policy is delivering scared children into the hands of people smugglers | Alf Dubs
The government is preventing refugee families being reunited, but adopting one simple proposal could change that. Alf Dubs is a Labour peer and patron of the Refugee CouncilWhen I was a child, I had to leave my mother behind as I fled the Nazis on ...The Guardian - World -
Cramer says an 'outrageously bullish' combination of stocks is leading the bull market
CNBC's Jim Cramer noted that industrial, utility and tech stocks are going up at the same time.CNBC - Business -
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 -
Warren Buffett’s Berkshire Hathaway reveals Chubb as ‘mystery stock’ purchase
Berkshire Hathaway revealed in a filing that it had accumulated nearly 26 million shares of insurer Chubb Ltd. as of the end of the first quarter.MarketWatch - Business -
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.MarketWatch - Business -
China Property Stocks Rally as More Cities Unveil Rescue Steps
Shares of Chinese property developers surged on rising expectations that government entities in China are helping buy up excess housing in a bid to revive the struggling real-estate sector.The Wall Street Journal - World - China -
'Glow up' for Bridgerton stars as new season starts
Colin and Penelope's relationship is at the centre of the third season of Netflix's period drama.BBC News - Top stories -
Resold police guns end up in criminal hands
A new CBS News investigation finds thousands of guns once owned by law enforcement have turned up at crime scenes across the country. National investigative correspondent Stephen Stock reports.CBS News - Top stories -
Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.CNBC - Business -
GameStop, AMC tumble as meme stock rally fizzles after just two days
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.CNBC - Business -
Meme stocks like GameStop and AMC are hot again — what it means for meme coins
A weekly look at the most important moves and news in crypto, and what’s on the horizon in digital assets.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 -
Good, not great, news on inflation
And more on goldFinancial Times - World - Inflation -
Menendez "put his power up for sale," prosecutor argues in bribery trial
A lawyer for New Jersey Sen. Bob Menendez sought to pin the blame on his wife, Nadine Menendez.CBS News - Politics -
Child Migration Through Darien Gap Up 40% This Year, Report Says
Yahoo News - World -
Angel Reese pulls up fitted for her WNBA debut in Dallas
Angel Reese, the Sky's ninth overall pick of the 2024 draft, is ready for her first professional gameYahoo Sports - Sports - WNBA -
'Shiver up the spine': Leagues weigh betting risks after Porter scandal
Sportsbooks say legal betting allows for greater transparency, but is the new market causing the issues?ESPN - Sports