Import inflation rises for third month in a row. Higher oil prices play big role.
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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 -
Gold Prices Rise as U.S. Inflation Data Boosts Rate Cut Hopes
Gold rose on renewed hopes for Federal Reserve interest-rate cuts, after U.S. inflation eased slightly in April in line with expectations.The Wall Street Journal - World -
Oil futures edge higher, set for modest weekly gains
Oil futures headed for modest weekly gains on Friday early morning as economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
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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 -
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 -
Big rise in diseases linked to ageing and lifestyle increases healthcare burden
Findings on ‘metabolic risk factors’ reflect shift in biggest threats since start of 21st centuryFinancial Times - Business -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Robert Tonyan set to play for third NFC North team after TE signs deal with Vikings
The six-year NFL veteran began his career in Green Bay and played for Chicago in 2023CBS Sports - Sports - NFL -
Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
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 -
‘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 -
Weekly quiz: Why are puffins causing an international row?
Test how closely you have been paying attention to what has been going on over the past seven days.BBC News - Top stories -
Row erupts over portraits of Australia's richest woman
Gina Rinehart's campaign to have two portraits removed has sparked debate about art and censorship.BBC News - Top stories -
Richemont overhauls CEO role as it navigates luxury downturn
Swiss company appoints Van Cleef & Arpels head as new group chiefFinancial Times - Business -
Wildfires rage in Canada’s oil hub
Blazes put more than 2mn barrels a day of supply at risk amid geopolitical tensions in Middle East and RussiaFinancial Times - World -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Dow Edges Higher at the Open After 40000 Milestone
Stocks rose slightly after major U.S. markets pulled back from their record highs on Thursday.The Wall Street Journal - World -
How Zola's Co-founder Learned the Importance of Setting Clear Expectations
Growth requires accountability.Inc. - Business -
NFL schedule reaction: 10 most important fantasy matchups of 2024
The NFL schedule release, much to the chagrin of Andy Behrens, has become a thing. But here on the Yahoo Fantasy pod, we take the schedule release and turn it into a goldmine of fantasy content and conversation. Now that we know the when, Dalton ...Yahoo Sports - Sports - NFL -
Kevin Spacey: 'Tremendously important' #MeToo movement has shifted 'in the direction of unfairness'
Kevin Spacey says while the #MeToo movement has been "tremendously important," the pendulum has "swung very, very far in the direction of unfairness." "I think, first of all, we live in a country that embraces and believes in due process, and ...The Hill - Politics -
The WSJ Dollar Index Rises 0.2%
The WSJ Dollar Index was up 0.2% to 99.16 — snapping a three-trading-day losing streak.The Wall Street Journal - World -
Fixed income should have more love in a ‘higher and hold’ world
The prospects for returns are much brighter, with bond yields at the highest levels since the global financial crisisFinancial Times - World -
Treasury yields end higher for first time in four sessions
Rates on U.S. government debt closed higher on Thursday, with 10- and 30-year yields bouncing off their lowest levels since early April, after a fresh round of data.MarketWatch - Business -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
Treasury yields hold steady after Conference Board’s leading economic index
Rates on U.S. government debt were little changed to slightly higher Friday morning despite data that pointed to serious headwinds for economic growth.MarketWatch - Business -
The Chicago Teachers Union Plays Hooky
The CTU abandons students to seek a billion-dollar raise.The Wall Street Journal - World -
Farah Griffin: Cohen denying desire for White House role made 'my jaw hit the floor'
Former White House communications director Alyssa Farah Griffin said Thursday she was surprised to hear Michael Cohen say in court that he was never pining for a job at the White House during his testimony in former President Trump’s Manhattan ...The Hill - Politics -
Iain Armitage was 9 when 'Young Sheldon' began. Now, he's saying goodbye to his biggest role yet
Iain Armitage, 16, talks about the end of "Young Sheldon," which aired its finale Thursday on CBS, and what's next for him.Los Angeles Times - Entertainment -
Biden Moves to Protect U.S. Solar Panel Makers From Cheap Chinese Imports
Added tariffs and better access to subsidies for domestically made panels will play to voters and could further the U.S. adoption rate for sustainable power equipment.Inc. - Business - Joe Biden -
ChatGPT now lets you import files directly from Google Drive, Microsoft OneDrive
Users can find it by clicking the tiny paper clip icon to the left of their prompt/text entry bar at the bottom of the ChatGPT interface.VentureBeat - Tech - Google -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
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Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - World -
Dow rises above 40,000 for first time in history
For the first time ever on Thursday, the Dow Jones average rose about 40,000, providing new optimism about the economy. CBS News business analyst Jill Schlesinger breaks down what it means.CBS News - Top stories -
Natural Gas Rises Amid Expectations Of Tighter Supply
Natural gas futures extended gains triggered by Thursday’s lower-than-expected U.S. inventory build.The Wall Street Journal - World -
Confirmed cases from parasite outbreak rises to 46
Forty-six cases of a diarrhoea-type illness confirmed in Devon as company says it's located the source of entry for parasites.BBC News - Top stories -
Chevron to sell UK North Sea assets as it exits ageing oil basin
Company to focus on newer oilfields, bringing to an end more than 55 years of operations in regionFinancial Times - Business - United Kingdom -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World