Unchecked Corporate Pricing Power Is A Factor in Us Inflation
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Latest US inflation report may provide clues to future path of prices and interest rates
It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soonABC News - Top stories -
Inflation Sticking Around, Key Wholesale Price Data Show
The Producer Price Index jumped up again last month, and economists see inflation persisting, which will likely keep high interest rates in place.Inc. - Business -
How Rising Gas Prices Complicate the Fed's Inflation Strategy
Gas prices are rising faster than usual this year. WSJ’s David Uberti breaks down what’s behind the rise and how it interferes with the Federal Reserve’s goal of bringing down inflation.The Wall Street Journal - World -
Inflation cooled slightly in April, ending monthslong surge in prices
Consumer prices rose 3.4% in April compared to a year ago.ABC News - Top stories -
Inflation slows in April, gas and housing prices still up in latest CPI report
The Consumer Price Index rose by 0.3% in April, a smaller than anticipated increase that signals inflation is cooling. Prices have gone up 3.4% over the last 12 months. CBS News business analyst Jill Schlesinger has more.CBS News - Top stories -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
Global stock markets at record high ahead of crunch US inflation report – business live
Rolling coverage of the latest economic and financial news. In the City, profits at Burberry have dropped by 40% as the luxury goods market continues to struggle.. Burberry’s profits fell to £383m in the 12 months to the end of March, down from ...The Guardian - World -
Secrecy Concerns Mount Over Spy Powers Targeting US Data Centers
A coalition of digital rights groups is demanding the US declassify records that would clarify just how expansive a major surveillance program really is.Wired - Tech -
In the Corporate Joust, Don’t Choose Jealousy
Go-getting colleagues can be so annoying — but try taking notes.The New York Times - Business -
R.F.K. Jr. Is 2024’s X Factor, New Polls Show, Fueled by Young Voters and Social Media
Half of Robert F. Kennedy Jr.’s supporters said they were voting chiefly for him, and nearly half said their support was mostly a vote against President Biden or former President Donald J. Trump.The New York Times - Top stories -
Walmart Plans Layoffs of Corporate Staff, Will Relocate Others
The retailer is asking most remote workers to move closer to major offices for hybrid work, employees in Dallas, Atlanta, and Toronto are asked to move to bigger hub office locationsin Arkansas, California, and New Jersey.Inc. - Business -
Walmart is laying off and relocating hundreds of corporate workers
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters.NBC News - Top stories -
Google will show AI-powered answers to billions of people using its namesake search engine by the end of the year.
Google will show AI-powered answers to billions of people using its namesake search engine by the end of the year.The Wall Street Journal - World - Google -
Inflation’s rental risks
The US and UK need to see a moderation in the price of home leasesFinancial Times - World -
Wholesale inflation surges again, PPI shows, leaving Inflation still sticky
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.MarketWatch - Business - Inflation -
How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Australian Government's Budget Bets On Rapid Fall In Inflation
Australian Treasurer Jim Chalmers has framed the center-left Labor government’s 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.The Wall Street Journal - World - Australia -
Stocks Rise Amid Mixed Signals on Inflation
Stocks edged higher after the producer-price index rose more than expected in April but data for the prior month was revised lower.The Wall Street Journal - World - Inflation -
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.The New York Times - Business - Federal Reserve