Goldman still expects U.S. inflation to fall significantly as markets alarmed by recent rise
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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 -
Oil Rises, Buoyed by Second Straight Weekly Fall in U.S. Inventories
Oil gained in early Asian trade, buoyed by a second straight weekly decline in U.S. inventories.The Wall Street Journal - World -
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.CNBC - Business -
Dodgers don't go with bullpen game after all but still fall to Giants and Logan Webb
The Giants avoided a three-game sweep by the Dodgers behind a scoreless six-inning gem from ace Logan Webb.Yahoo Sports - Sports - MLB -
Nikkei Rises 1.4%, Led by Electronics, Brokerage Stocks
Japanese stocks ended higher, led by gains in electronics and brokerage stocks, as easing U.S. inflation keeps hopes for Fed rate cuts later this year intact.The Wall Street Journal - World -
China is still an important market even if investors diversify from it now, says Peak XV
China will still be an important market in the years to come, said Peak XV, despite firms diversifying away from the country amid geopolitical concerns.CNBC - Business - China -
Bond-market rally may not be over after inflation report brings ‘massive relief’
The U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.MarketWatch - Business -
Bond Markets Expected to Calm Down After U.S. CPI-Triggered Rally
Rates markets looked set to enter calmer waters after U.S. inflation and retail sales data caused the latest leg higher [in prices], Commerzbank Research said.The Wall Street Journal - World -
Newey expects to join another F1 team
Adrian Newey says that he expects to join another Formula 1 team following his decision to leave Red Bull.BBC News - Top stories -
Honest Tea's Seth Goldman Knows What It Takes to Build a Thriving Business
The serial entrepreneur shared his keys to growing a mission-based business on a recent Inc. podcast.Inc. - Business -
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.The Wall Street Journal - World -
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.The Wall Street Journal - World -
Boy, 6, dies in fall from block of flats
The boy's death is being treated by police as unexplained and an investigation is under way.BBC News - Top stories -
EUR/USD Little Changed; Dollar Weakness May Be Limited Near Term
The EUR/USD traded little changed, and Danske Bank Research generally expects the pair to continue being range-bound in the near term.The Wall Street Journal - World -
Slovakia Has Charted Its Own Course Since the Fall of the Soviet Union
Slovakia is one of two nations born out of the former Czechoslovakia, a multiethnic nation established at the end of World War I.The New York Times - Top stories -
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Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.CNBC - Business -
Bridgerton season three review – still unbearably sexy
Nicola Coughlan is sensational as Penelope Featherington, whose long-simmering romance with Colin Bridgerton reaches boiling point – and the bonking is scarce but seriously steamy. . Always a pleasure, never a chore (but sometimes an ...The Guardian - World -
Australian Unemployment Rises, Easing Pressure on RBA to Hike
Unemployment in Australia jumped in April as more people searched for work, a rise that is likely to reduce pressure on the Reserve Bank of Australia to raise interest rates further.The Wall Street Journal - World -
Cramer says an 'outrageously bullish' combination of stocks is leading the bull market
CNBC's Jim Cramer noted that industrial, utility and tech stocks are going up at the same time.CNBC - Business -
In 4 Words, Bumble Showed the Right Way to Fix a Major Marketing Fail
The company demonstrated a best practice in the wake of a PR mess.Inc. - Business -
Bridgewater founder Dalio warns of danger of US debt on Treasury market
Billionaire investor has concerns about rising financial burden, global conflict and growing possibility of ‘civil war’Financial Times - Business -
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 -
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.MarketWatch - Business -
‘He is borrowing from Trump’: the rise of Robert Fico, Slovakia’s populist leader
The veteran politician shot and wounded on Wednesday, is a fan of Viktor Orbán and has embraced ever more extreme positions to retain power. Robert Fico ‘in life-threatening condition’ – latest updatesSlovakia prime minister Robert Fico shot and ...The Guardian - World - Donald Trump