Could inflation sink Biden?
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A China-U.S. EV Trade War Could Put Brakes on Biden's Clean-Car Agenda
The cost of batteries will rise as the administration tries to keep finished, heavily subsidized Chinese vehicles out of the U.S., driving domestic EVs to unaffordable price points.Inc. - Business - Joe Biden -
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Here's the inflation breakdown for April 2024 — in one chart
The consumer price index rose 3.4% in April from a year earlier, marking a decrease from March, according to the Bureau of Labor Statistics.CNBC - Business -
Paramount: the takeover battle that could reshape Hollywood
The tussle for the venerable studio has been billed as the money men against the creatives, but the outcome may help decide who survives in the streaming eraFinancial Times - Business -
Teenagers could help fill train driver shortage
The government has put forward plans to reduce the age to qualify as a train driver from 20 to 18.BBC News - Top stories -
Inflation Rises, but Key CPI Index Climbs Less Than Expected
The Consumer Price Index, which measures changes in the costs of household goods, rose 0.3 percent in April, a slight drop from the month before, potentially helping the case for the Fed to cut interest rates this year.Inc. - Business - Inflation -
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 -
Inflation Moderated Slightly in April, Offering Some Relief for Consumers
Prices rose 3.4 percent in April from a year earlier, a slight easing from the previous month and a positive sign for the Federal Reserve.The New York Times - Business -
Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks
The weakness of the yen currency drives up the prices of imported food and gasoline.The Wall Street Journal - World - Japan -
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 -
TikTok Creators Sue U.S. Government Over Law That Could Ban the Platform
A group of eight content creators who rely on the social media app toreachcustomers and audiences challenge the law requiring Chinese parent ByteDance to sell its U.S. business or be banned.Inc. - Business - Tiktok -
North Carolina could ban face masks for medical reasons in public
The North Carolina state Senate voted along party lines Wednesday to ban anyone from wearing masks in public, even for health reasons. Republican supporters of the ban said it would help law enforcement crack down on protesters who wear masks. ...The Hill - Politics -
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I’m with the band: who knew Antony Blinken could play rock classics?
The US secretary of state, who performed with a Kyiv band in a bar this week, is the latest musically inclined politician to hit the stage. Name: Rocking politicians.. Age: The latest example of the trend came on Tuesday night, in a basement in ...The Guardian - World -
High inflation harms older households — and two factors determine who is most at risk, research finds
Retirees and near retirees face unique dilemmas when it comes to trying to make their money last amid rising prices.CNBC - Business