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U.S. crude oil bounces after hitting 7-week low on surging U.S. inventories
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Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Reddit shares surge as it strikes content deal with OpenAI
Agreement comes as competition for high-quality data to underpin AI models intensifiesFinancial Times - Business -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
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
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China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation
Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.CNBC - Business -
Steve Jobs' former intern reflects on working for the tech mogul: 'I worked 20 yards away from him every day'
Steve Jobs' former intern is now a tech CEO who sold his company to Google. He attributes much of his success to his time working at NeXT.CNBC - Business -
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.CNBC - Business -
Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.CNBC - Business