Fed’s Beige Book finds steady economic growth but little progress in reducing inflation
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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 -
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 -
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 -
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 -
Abortion access finds wide support, but inflation, immigration fears propel Trump
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?CBS News - Politics - Abortion -
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 -
Treasury yields climb for third straight day after flurry of Fedspeak
Treasury yields ticked higher on Monday, rising for a third straight day as several senior Federal Reserve officials warned that the central bank likely faces a slower path toward reaching its inflation target.MarketWatch - Business -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Introducing The Economics Show with Soumaya Keynes
On the first episode: has the US finally borrowed too much?Financial Times - World -
Is There an Alternative to the Little Black Dress?
Plenty of other garments can be used as the basis for simple, chic looks for a variety of occasions, our critic writes.The New York Times - Lifestyle -
8 Strategies for Sustainable Growth
From startup to scale-up, here are ideas to help your company thrive.Inc. - Business -
Why England will be thrilled by Stokes' steady return
Ben Stokes' solid if unspectacular return will suit England just fine as they prepare for life after James Anderson.BBC News - Top stories -
China Benchmark Lending Rates Held Steady
The country’s benchmark lending rates were held steady this month, central bank data showed Monday after Beijing announced bold moves to address property-sector malaise.The Wall Street Journal - World - China -
Gold Steady as Rate-Cut Hopes Wane
Gold was steady. After hitting new highs, gold “immediately withdrew back” as Fed speakers overnight warned that rate cuts are still some way down the road, DailyFX said.The Wall Street Journal - World -
'Pax Economica' Review: When Free Trade Was Progressive
Early opponents of trade tariffs wanted economic policy to back a radical vision for world peace.The Wall Street Journal - World -
Higher Ed Has a Progressive Disease. Can It Be Reversed?
The prognosis seems grim, but I found signs of life as a proud father at Notre Dame’s commencement.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 -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
'I'm your mammy's little boy'
Shannon from Ontario was planning a visit to family graves - instead she found her long-lost brother.BBC News - Top stories -
Cybersecurity expert Chris Krebs says AI's threat to election will be a "steady drumbeat"
Chris Krebs, the former director of CISA and a CBS News cybersecurity expert and analyst, tells "Face the Nation" that while there likely will not be a "one single catastrophic AI-enabled event" threatening the 2024 election, he foresees a ...CBS News - Top stories -
Here are some options to reduce taxes on your savings interest this year
Here's how to reduce income taxes on your savings interest amid rate uncertainty from the Federal Reserve.CNBC - Business -
Congressmen introduce bipartisan police bill to reduce staff shortages
Two congressmen on opposite sides of the aisle are pushing new legislation aimed at helping law enforcement. The bill is designed to reduce law enforcement staffing shortages and strengthen the vetting of new police recruits. Democratic Rep. Salud ...CBS News - Top stories -
WSL: Chelsea thrash Man United to seal title, Liverpool progress
Chelsea landed a fifth-successive WSL championship as USWNT-bound Emma Hayes signed off in style.ESPN - Sports - Premier League -
Red Lobster, the largest seafood restaurant chain in the U.S., filed for bankruptcy after failing to recover from dwindling traffic it experienced during the pandemic as menu prices crept higher.
Red Lobster, the largest seafood restaurant chain in the U.S., filed for bankruptcy after failing to recover from dwindling traffic it experienced during the pandemic as menu prices crept higher.The Wall Street Journal - World -
Moves to reduce ‘fashion pollution’ spawn new clothing fabrics
Environmental entrepreneurs have found various ways to make fabrics from sources never considered – or available – before.The Hill - Politics -
Queen of the Book Club
Sitting down for lunch with Reese Witherspoon, whose book picks have become a force in the publishing industry.The New York Times - Top stories - United Kingdom -
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 -
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Trump Media Posts Steep Loss on Little Revenue
Trump Media & Technology Group posted a steep loss and less than $1 million in revenue in the company’s first report since going public.The Wall Street Journal - World - Donald Trump -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
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Five Best: Books on Breakthroughs in Biology
Selected by Thomas R. Cech, the author of ‘The Catalyst: RNA and the Quest to Unlock Life’s Deepest Secrets.’The Wall Street Journal - World -
Amazon Is Hosting a Massive Book Sale
Ebooks, paperbacks, and hardcover editions are deeply discounted through May 20.Wired - Tech - Amazon -
16 Books We Read This Week
The rise of an explosive political movement, education at a crossroads, the man who scammed the U.S. Navy and more.The Wall Street Journal - World -
Book Club: ‘James,’ by Percival Everett
For The Book Review Podcast’s May book club, we’ll talk about “James,” Percival Everett’s radical reimagining of “Adventures of Huckleberry Finn.”The New York Times - Top stories -
What did the inquiry say?
The report finds the infected blood scandal could and should have been largely avoided.BBC News - Top stories -
Why College Football Playoff should hold steady as NFL sends a clear message with counter-scheduling
The NFL sent a warning shot to college football with its schedule release on WednesdayCBS Sports - Sports - NFL -
Think before you click – and three other ways to reduce your digital carbon footprint | Koren Helbig
The invisible downside to our online lives is the data stored at giant energy-guzzling datacentres . It’s been called “the largest coal-powered machine on Earth” – and most of us use it countless times a day.. The internet and its associated ...The Guardian - World