Fed's preferred inflation gauge shows price pressures stayed elevated last month
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Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - 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 -
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 -
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 -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
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 -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - Business -
Trump trusted more than Biden on inflation, a top issue for voters, poll shows
Eighty-five percent of people surveyed said inflation is an important issue, and most trust Trump more than Biden to deal with it.ABC News - Top stories - Joe Biden -
Hot history: Tree rings show that last northern summer was the warmest since year 1
A new study finds that the broiling summer of 2023 was the hottest in the Northern Hemisphere in more than 2,000 yearsABC News - Health -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
This Pride Month, Companies Must Decide: Are They Truly Committed?
Despite the recent DEI backlash, many companies are moving forward with Pride Month celebrations. Here are three tips for honoring the occasion.Inc. - Business -
US warns of possible Pride Month attacks worldwide
The warning comes one week after a similar alert from the FBI and Department of Homeland Security.BBC News - Top stories -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
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 -
Democrats' Last Chance to Dump Biden?
If Kennedy is permitted on the debate stage he could audition for Democrats before their nominating convention.The Wall Street Journal - World - Joe Biden -
Singer Libianca on the pressure to take sides in Cameroon war
The star of viral hit People talks to the BBC about getting death threats for waving a Cameroonian flag.BBC News - Top stories -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business -
3 moves to avoid as gold's price rises
Considering buying gold at today's high price? Then you'll want to avoid making these three moves.CBS News - Top stories -
PIGS Are Flying Again. Can they Stay Aloft?
Portugal, Italy, Greece and Spain are now doing better than Germany and France, in a surprising reversal of post-2011 fortunes in the eurozone. But much of it might be catch-up growth.The Wall Street Journal - World -
Pep on City future: 'Closer to leaving than staying'
Pep Guardiola has hinted that next season could be his last as Manchester City manager.ESPN - Sports -
US defence chief Lloyd Austin to meet Chinese counterpart this month
Singapore meeting would be latest step in reopening communication lines between militariesFinancial Times - World -
How much interest would a $10,000 6-month CD earn now?
You could earn a significant return on your money simply by depositing some of it into a six-month CD right now.CBS News - Top stories -
No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether ETFs.CNBC - Business -
Six-month-old shot repeatedly during standoff with child’s father in Phoenix
Child is in hospital in a stable condition, as police say father was found dead of self-inflicted gunshot wound. A man suspected of shooting his 6-month-old son multiple times after taking the boy and his mother hostage was found dead of an ...The Guardian - World -
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 -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
"48 Hours" show schedule
True crime. Real justice. To miss it would be a crime.CBS News - Top stories -
Venom: The Last Dance Will Be The Final Venom Movie
The first Venom movie with Tom Hardy marked the beginning of Sony's Spider-Man Universe, which has yet to included Spider-Man himself. Instead of using Spidey, Sony has put villains and supporting characters into leading roles. Unlike the films ...GameSpot - Tech -
Last pandas in the U.S. are going back to China
The last pandas in the U.S. --four at Zoo Atlanta -- will soon be heading back to China this fall as a loan agreement expiresCBS News - Top stories - China -
Mbappé not in PSG squad for last Ligue 1 match
Kylian Mbappé has been left out of the Paris Saint-Germain squad that will face Metz on Sunday in the club's final league game of the season.ESPN - Sports -
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 $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 -
Simone Biles is stepping into the Olympic spotlight again. She is better prepared for the pressure
Gymnastics star Simone Biles says she is better equipped to handle the challenges that await as she prepares for a third OlympicsABC News - Sports -
Protesters vow to keep up pressure on Tesla as it expands German gigafactory
Town of Grünheide approved the US automaker’s plan on Thursday to double the capacity of the site, despite opposition. Environmental protesters vowed to keep up the pressure on Tesla after failing to stop plans by Elon Musk’s company from ...The Guardian - World - Tesla