China Hits U.S. With Levy on Chemical as Trade Tensions Rise
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Putin meets Xi as Russia-China ties flourish amid tension with U.S.
Xi Jinping welcomes Vladimir Putin to Beijing - talking peace in Ukraine amid a backdrop of war and growing tension with the U.S. and NATO.CBS News - Politics - China -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
Microsoft Asks Some China Staff to Relocate Amid Sino-US Tensions
The group of mostly Chinese nationals work on cloud computing and machine learning, which are now flashpoints in the growing U.S.-China rivalry.Inc. - Business - China -
FirstFT: China trade experts urge Xi Jinping to respond with caution to US tariffs
Also in today’s newsletter, Shein switches focus to London IPO, and China’s biggest banks launch first sales of special loss-absorbing debtFinancial Times - World - China -
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 -
Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous
Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gainsMarketWatch - Business -
The WSJ Dollar Index Rises 0.2%
The WSJ Dollar Index was up 0.2% to 99.16 — snapping a three-trading-day losing streak.The Wall Street Journal - World -
Trade policy is the new front in the US presidential election
Also in today’s newsletter, how Ray Dalio is thinking about the electionFinancial Times - World -
Xi urged to respond with caution to Biden’s trade tariffs
Beijing advisers call on China’s leader to hold ‘moral high ground’ as spat with US intensifiesFinancial Times - World - Joe Biden -
Individual investors made 30% of GameStop trades on Monday
As the stock prices of GameStop and AMC skyrocket, so does the number of people trading those shares.MarketWatch - Business -
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Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
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Former ‘Love Island’ stars charged with promoting trading scheme on Instagram
UK’s Financial Conduct Authority accuses ‘finfluencers’ in social media crackdownFinancial Times - Business -
Dow Jones trades above 40,000 for first time, but fails to achieve milestone
The Dow Jones Industrial Average trades above 40,000 for first time ever on Thursday, but fails to finish above the milestone.MarketWatch - Business -
Tensions boil over as Michael Cohen, Trump attorney spar during cross-exam
NEW YORK — Former President Trump’s attorney hammered Michael Cohen on Thursday as tensions in the courtroom boiled over on the second day of intense cross-examination of prosecutors’ star witness. For hours, Todd Blanche, Trump’s lead defense ...The Hill - Politics - Donald Trump -
As Teen Employee Numbers Rise, So Do Risks of Harassment on the Job
The throng of Gen Z youth new to the workplace face increased risks of sexual harassment at work--a crime officials and prosecutors are warning employers to address.Inc. - Business -
Haiti's crisis rises to the forefront of elections in neighboring Dominican Republic
As soaring violence and political turmoil grip neighboring Haiti, the Dominican Republic will hold elections Sunday that have been defined by calls for more crackdowns on migrants and finishing a border wall dividing the countriesABC News - World -
Big rise in diseases linked to ageing and lifestyle increases healthcare burden
Findings on ‘metabolic risk factors’ reflect shift in biggest threats since start of 21st centuryFinancial Times - Business -
Lawmakers Fear A Wave of Election Threats Tied to the Rise of Generative AI
Some small businesses are stepping up to help protect ballot boxes and preserve faith in the electoral process.Inc. - Business -
Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.CBS News - Top stories -
Why the Dow Keeps Hitting New Records
The DJIA has just hit 40,000—but didn’t it just reach 30,000 three years ago? The Dow’s milestones keep coming faster and faster. WSJ’s Gunjan Banerji explains why.The Wall Street Journal - World -
Suit: Bad Bunny's agency hit with 'death penalty'
Rimas Sports, the agency founded by recording artist Bad Bunny, is accusing the Major League Baseball Players Association of "placing a death penalty" on the agency, according to a federal lawsuit the company filed Thursday.ESPN - Sports -
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 -
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 -
Donovan Mitchell trade rumors: 'Growing sentiment' suggests Cavaliers can re-sign star guard, per report
Mitchell is eligible for a contract extension this offseasonCBS Sports - Sports - NBA -
Mets owner Steve Cohen denies team is planning to sell at trade deadline despite now-deleted tweet
The Mets sit in fourth place in the NL East at 19-23CBS Sports - Sports -
Jake Paul and Mike Tyson trade insults as they hype planned summer fight in Texas
Jake Paul and Mike Tyson are trading insults and expletives in advance of their planned summer fight in TexasABC News - Sports - Boxing -
China Consumption, Investment Slows Unexpectedly
Consumption and investment in China slowed unexpectedly in April, while industrial output beat expectations as Beijing doubled down on its manufacturing drive to spur growth.The Wall Street Journal - World - China -
MLB Power Rankings: The AL and NL Central are rising -- which teams are in our top 10?
While some of the usual players dominate our list, five of our top teams this week are from two unexpected divisions.ESPN - Sports - MLB -
The Dow just hit 40,000. Here's a look at how it got here.
The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago.NBC News - Top stories -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Lizzy McAlpine follows her breakout hit with an 'Older,' and wiser, tour
Lizzy McAlpine's song "Ceilings" went viral on TikTok last year. Her new album "Older," coming to the Greek Theatre, sounds nothing like it.Los Angeles Times - Entertainment -
Democrats rally against GOP Israel bill as leaders crack whip
Democrats are rallying to oppose a House GOP effort meant to expose their divisions on Israel as the party moves to align with President Biden, who has threatened to veto the measure, and their own leaders who are whipping against it. The ...The Hill - Politics - Israel -
Heat Stress Is Hitting Caribbean Reefs Earlier Than Ever This Year
Scientists in the United States are reporting “unprecedented patterns” of surface warming, an ominous sign for coral.The New York Times - World -
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Microsoft offers staff to relocate from China
Offer comes as tensions rise between Washington and Beijing over sensitive technologyFinancial Times - Business - Microsoft -
China must learn from Japan’s ‘lost decades’
The consequences of the world’s second-largest economy being sucked into a deflationary spiral would be severeFinancial Times - World - China -
Why Putin is meeting with Xi Jinping in China
Russian President Vladimir Putin is in China meeting with President Xi Jinping to deepen the partnership between the two countries. Mary Ilyushina, a reporter for the Washington Post, joins CBS News with more.CBS News - Top stories - China