With Inflation This High Nobody Knows What A Dollar Is Worth
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Gold Futures Rise as Dollar Slips; Inflation Data Could Prompt Volatility
Gold futures rose, supported by lower Treasury yields and a softer U.S. dollar, ahead of U.S. inflation data.The Wall Street Journal - World -
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 -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
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 -
Investors are suddenly pickier about stocks near record highs as inflation sticks around
Investors suddenly have gotten more picky in the past month about which segments of the stock market they want to buy, as stubborn aspects of inflation keep getting in the way of Federal Reserve interest-rate cuts.MarketWatch - Business -
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 -
What to know about the launch of GPT-4o
OpenAI on Monday launched its latest artificial intelligence (AI) model, GPT-4o, which promises improvements in its text, vision and audio capabilities. OpenAI unveiled the model during a live demonstration Monday, with Chief Technology Officer ...The Hill - Politics -
European Union 2024 Election: What to Know
Voters in all the 27 countries that make up the European Union are heading to polls in June to choose their representatives in the European Parliament.The New York Times - World - Europe -
Deadly Florida bus crash: What we know
At least eight people are dead and dozens are injured after a bus crash on state road 40 in Florida's Marion County, according to the Florida Highway Patrol. CBS News correspondent Nancy Chen has the latest.CBS News - Top stories - Florida -
What to know about Biden's new China tariffs
President Biden announced new steps Tuesday to keep China from undercutting U.S. companies. His administration is hiking tariffs on Chinese electric vehicles, semiconductors, batteries, solar cells, steel and aluminum. CBS News chief White House ...CBS News - Top stories - China -
What to know about Sen. Menendez's corruption case as jury selection begins
Jury selection began Monday in the corruption trial of Sen. Bob Menendez. The New Jersey Democrat is accused of taking bribes from three businessmen in the form of cash, gold bars and a Mercedes-Benz in exchange for political favors. CBS News ...CBS News - Top stories