Economic Surprises Could Fuel Fed Deja Vu for the 2010s
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Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Trump’s immigration plan could add trillions of dollars to national debt, fueling inflation and market jitters
Donald Trump’s tax and spending plans for his would-be second term in office imply a willingness to see the federal budget deficit rise to truly unprecedented levels.MarketWatch - Business -
Introducing The Economics Show with Soumaya Keynes
On the first episode: has the US finally borrowed too much?Financial Times - World -
Fueled by Conley, Wolves roll by 45 to force G7
A "complete team" with veteran point guard Mike Conley back, the Wolves blew out the Nuggets by 45 points Thursday night to force Game 7.ESPN - Sports -
Synagogue Arson Attempt Fuels Antisemitism Fears in France
Police shot and killed an armed suspect who was attempting to set fire to a synagogue in the northwest of the country.The Wall Street Journal - World -
An Economic Peace Plan for Gaza Is Bound to Fail
Unless it follows an unconditional surrender.The Wall Street Journal - World -
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The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Congress must stop Biden from fueling a Saudi nuclear bomb
If Jake Sullivan and team can pull it off, the mega deal will be billed as bringing peace to the Middle East. If it opens the door to Saudi enrichment, however, the accord will only fuel more chaos and instability.The Hill - Politics - Joe Biden -
Beyond tariffs, US economic strength is key to containing China
By leveraging its economic strength and showing unwavering determination, the U.S. can reestablish its prestige, deterring and inhibiting the CCP from challenging Taiwan or the global order.The Hill - Politics - China -
Democrats can still jettison Biden as an ‘August Surprise’
A growing number of Democrats see Biden as becoming the political version of “Groundhog Day.” Every night they go to sleep dreaming of having a new nominee and every morning they wake up to the same old Biden.The Hill - Politics - Joe Biden -
NBA playoffs: Stars, schemes and stats that will decide surprising conference finals
After two thrilling rounds, we've reached the final four teams still vying for the title: Celtics-Pacers begins Tuesday (8 p.m. ET on ESPN) while Wolves-Mavs tips on Wednesday.ESPN - Sports - NBA -
‘An AI-fueled equity bubble’ will see big tech lead the charge in coming months
Big tech can once again be the market’s crown jewels says Capital EconomicsMarketWatch - Business -
7 dead in Houston area after storms and 100-mph winds; power outages and rising temperatures fuel new fears
Seven people have died in Houston and the surrounding county after severe weather ripped down power lines and trees and toppled brick walls, officials said Friday.NBC News - Top stories -
GameStop and AMC see meme-stock frenzy ease after Roaring Kitty-fueled rally
The meme-stock rally that lifted shares of GameStop and AMC was fueled by the social-media return of commentator Keith Gill, also known as Roaring Kitty.MarketWatch - Business -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
WATCH: Army sergeant surprises his sister on her wedding day
Helena Morgan said she was "totally surprised" when her brother, U.S. Army Sgt. William Watson, flew across the country to walk her down the aisle for her big day.ABC News - Top stories -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
New York crypto personality used 'Seinfeld' joke in fraud, feds reveal
A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.CNBC - Business - New York -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business -
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.MarketWatch - Business - Federal Reserve -
GOP lawmaker on Feds, UFOs: 'Give us the information. Let us decide'
Rep. Tim Burchett (R-Tenn.) is calling on federal government leaders to declassify all documents related to unidentified aerial phenomena (UAP), arguing federal agencies must be transparent if they are going to be funding millions of dollars. ...The Hill - Politics -
Economics adds up for Dante delight but Derby picture left murkier than ever
Winner may be favourite if switched to run at EpsomColt pulled out as trainer fears would not act on trackThe Dante Stakes, the last recognised Derby trial before the Classic on 1 June, had the emphatic winner that everyone had turned up hoping to ...The Guardian - World -
Putin visits China’s ‘Little Moscow’ as allies seek to cement economic ties – live
Leader visits city known for historically large Russian population on second day of visit. Putin and Xi announce plans to strengthen military ties in BeijingWhile Putin’s visit to China continues, back in Russia his deputy foreign minister has ...The Guardian - World - China -
Economic damage from climate change six times worse than thought – report
A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found. The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth ...The Guardian - World - Climate -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
Knicks ‘not surprised’ Alec Burks has stepped up when they’ve needed it most
After falling out of the rotation, Alec Burks has stepped up tremendously for the injury-plagued Knicks in their last few postseason games, and his teammates and coaches aren't surprised.Yahoo Sports - Sports -
Thierry Henry surprises protege Marcus Thuram: How Arsenal legend and Inter star are connected
The French international was surprised by Thierry Henry on CBS Sports Golazo Network's Morning FootyCBS Sports - Sports -
2024 Black-Eyed Susan Stakes predictions, odds, horses, contenders: Surprising picks by horse racing insider
Beyer Speed Figure maker Bob Weir reveals his picks for Friday's Black-Eyed Susan Stakes 2024CBS Sports - Sports -
Sean Dyche, Vincent Kompany and Burnley’s surprising red card stats | Richard Foster
Burnley went 119 league games without a red card under Sean Dyche. They’ve picked up seven in 37 games this season. By Richard Foster for The Football Mine . For only the second time in Premier League history, the three promoted clubs are going ...The Guardian - World -
Dua Lipa called up Chris Stapleton to collaborate on that surprise ACM Awards duet
Chris Stapleton and Dua Lipa surprised the audience at the Academy of Country Music Awards on Thursday with a duet of 'Think I'm in Love With You.'Los Angeles Times - Entertainment -
2024 PGA Championship odds: Surprising PGA picks, weekend predictions from golf model that nailed 11 majors
SportsLine's golf model ran 10,000 simulations of the final two rounds of the PGA Championship 2024 at Valhalla Golf ClubCBS Sports - Sports - Golf -
UFC Fight Night: Barboza vs. Murphy odds, predictions, time: MMA expert makes surprising fight card picks
Daniel Vithlani reveals his UFC Fight Night picks for the Lerone Murphy vs. Edson Barboza fight card in Las VegasCBS Sports - Sports - UFC -
Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Any moves to shorten the Federal Reserve’s asset holdings could potentially trigger a backlash in markets.MarketWatch - Business -
2024 PGA Championship odds: Surprising PGA picks, Sunday predictions from golf model that nailed 11 majors
SportsLine's golf model ran 10,000 simulations of the final round of the PGA Championship 2024 at Valhalla Golf ClubCBS Sports - Sports - Golf -
Tom Brady makes surprise appearance at Ford Field for UFL game between Showboats and Panthers
Is Brady getting an early start in his new gig?CBS Sports - Sports - NFL