Fresh uncertainty around Fed rate cuts exposes the stock market’s winners and losers
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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 -
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 -
2024 NFL schedule release: Winners and losers as Caleb Williams, Jets fans draw early season spotlight
Key takeaways from the full unveiling of the regular-season slateCBS Sports - Sports - NFL -
Winners and losers from 2024 NFL schedule release, plus ranking the best revenge games
Here's everything you need to know about the NFL for May 16CBS Sports - Sports - NFL -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
Cramer picks two 'winning' footwear stocks in a ‘nightmare’ athletic apparel market
CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.CNBC - 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 -
Meta Faces Fresh Probe Over ‘Addictive’ Effect on Kids
The EU has launched an investigation into Facebook and Instagram’s child protection measures as part of mounting concerns around minors’ use of social media.Wired - Tech -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Basic Materials Roundup: Market Talk
Read about SPDR Gold shares, base metal prices, KGHM and more in the latest Market Talks covering Basic Materials.The Wall Street Journal - World -
Financial Services Roundup: Market Talk
Read about Canada Mortgage and Housing Corp., Allianz, ABN Amro and more in the latest Market Talks covering Financial Services.The Wall Street Journal - World -
Facebook and Instagram face fresh EU digital scrutiny over child safety measures
The European Union opened fresh investigations into Facebook and Instagram over suspicions that they’re failing to protect children online, in violation of the bloc’s strict digital regulations for social media platformsABC News - Tech - Facebook -
Kevin Spacey gets support from Liam Neeson and others after fresh assault allegations
Sharon Stone, Liam Neeson and Stephen Fry condemn media attention on Kevin Spacey, who has been exiled from Hollywood since sexual assault allegations in 2017.Los Angeles Times - Entertainment -
Eurovision winner Nemo urges Switzerland to recognise third gender
First non-binary person to win song contest calls for home country to allow third-gender entries on official documents. Nemo Mettler’s operatic, drum’n’bass-propelled entry won Eurovision for Switzerland last weekend, making the singer the first ...The Guardian - World -
The US has approved more flights for China, but the real winner is Russia
While it is certainly understandable that the Biden administration wishes to reestablish the bilateral services agreement with China, there is a better way to do so.The Hill - Politics - China -
Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
Replit cuts staff by 30 amid aggressive AI push in software development
Replit, a cloud-based software development platform, lays off 30 employees as it focuses on integrating AI into its coding tools, aiming to make programming more accessible.VentureBeat - Tech -
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 -
Tech, Media & Telecom Roundup: Market Talk
Find insights on Cummins, Lightspeed Commerce, Take-Two Interactive Software, and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World