Inflation flatlines in May as pressure on Biden ramps up
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Financial Times - World
SoftBank to prioritise AI deals over share buybacks despite pressure from Elliott
Japanese group’s top leaders seek ‘new investment activity’ after calls from hedge fund to return cash -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
CBS News - Top stories
Why you should open a long-term CD before the July inflation report
With the next inflation report slated to be released soon, savers may want to open a long-term CD now. Here's why. -
MarketWatch - Business
Why stocks will be the best bet for your money if the Fed can’t get inflation down
Investing for retirement, college and other longer-term goals should favor stocks over bonds.Federal Reserve -
MarketWatch - Business
U.S. trade deficit jumps in May to highest level in 19 months
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022. -
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MarketWatch - Business
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases. -
NBC News - Top stories
Ozempic may be linked to condition that causes blindness, but more research is needed
People taking Ozempic and Wegovy may be at increased risk of developing a debilitating eye condition that can cause irreversible vision loss, a study published in JAMA Ophthalmology finds. -
The Hill - Politics
Ozempic, Wegovy may be linked to risk of rare form of blindness: Study
Those who take Ozempic or Wegovy may have an increased risk of developing a rare form of blindness, though future research is needed to make a final determination, researchers in a new study said. The study, published Wednesday in the medical ... -
Inc. - Business
Small Businesses Filing for Bankruptcy May Face Challenges as Government Program Expires
The rule had let small businesses with less than $2.75 million in debt file under Subchapter V. -
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Financial Times - Business
Sunak hands peerage to Theresa May in eleventh-hour honours list
The former Conservative prime minister will join the House of Lords -
MarketWatch - Business
Bitcoin may head towards $50,000 as Mt. Gox prepares crypto repayment
Bitcoin on Friday plunged to the lowest level in over four months.Crypto -
The New York Times - Business
U.S. Job Growth Extends Streak, but Signs of Concern Emerge
A gain of 206,000 in June exceeded forecasts. Hiring was concentrated in a few parts of the economy, however, and unemployment rose to 4.1 percent. -
The Hill - Politics
June jobs report adds to signs that economy may be cooling
The uptick in the June unemployment rate along with significant downward revisions in the job additions for April and May are the latest signs that the economy may be slowing down under high Federal Reserve interest rates. The Friday numbers from ... -
The Guardian - World
Gareth Southgate may be England’s greatest ever manager. So why the hate?
He created an environment in which players could flourish yet Gareth Southgate has become a lightning rod for rage. They have a word for it in German: der Briefcasetrainerparadigm, a phrase used to describe a person who is self-evidently good at ... -
MarketWatch - Business
My spouse and I are 60 and receive $145,000 a year in pensions. Do we need to worry about inflation killing our retirement plans?
“Our annual expenses are $105,000 and that includes travel, entertainment and maintenance.” -
Financial Times - World
Indonesia’s Prabowo sparks spending concerns with $28bn free school meals plan
Incoming president considers enlarged government and increased borrowing in break with predecessor Widodo -
Financial Times - World
FirstFT: Democratic governors back Biden
Also in today’s newsletter, a $2.65bn luxury department store deal and Goldman lobbies to change Fed’s stress test resultJoe Biden -
Financial Times - World
Belarus opposition calls for Brussels to protect stateless exiles
Also in this newsletter: How mafia organisations are infiltrating local governments in Italy -
The New York Times - Tech
How to Clean Up Your Phone’s Photo Library to Free Up Space
Deleting duplicates, bad shots and other unwanted files makes it easier to find the good pictures — and gives you room to take more. -
CNBC - Business
AI drive-thru ordering is on the rise — but it may take years to iron out its flaws
Artificial intelligence is closer than ever to taking down drive-thru orders, but fast-food restaurants like McDonald's show that the tech still needs time. -
CBS Sports - Sports
Fantasy Baseball Waiver Wire: Why it may be time to drop Luis Gil, Nate Lowe homers twice, and more
Meanwhile, Daniel Schneemann has proven worthy of a pickup in deeper daily-lineup leagues -
MarketWatch - Business
Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.
Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing. -
The Guardian - World
Weight-loss jabs may be linked to condition that can cause blindness, study finds
People with diabetes on semaglutide, found in Wegovy and Ozempic, four times more likely to be diagnosed with disease of optic nerve. People who have been prescribed a weight-loss injection could be at a higher risk of developing an eye condition ... -
CNBC - Business
Social Security cost-of-living adjustment may be lower in 2025. These charts help show why
Even though inflation has subsided, many retirees are still feeling the pinch of high prices. Data shows the Social Security COLA may be lower in 2025. -
ABC News - Top stories
Average rate on 30-year mortgage climbs for 1st time since late May to just under 7%
The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May -
MarketWatch - Business
‘None of these will survive’: The Supreme Court’s immunity decision may kill all the criminal cases against Trump
The opinion could hamstring all four criminal cases Trump has faced, legal experts say, leaving prosecutors in several — if not all of them — unable to proceed.Donald Trump -
ABC News - Entertainment
Money issues may sink proposed New Jersey branch of acclaimed Paris museum. Mayor blames politics
New Jersey officials say financial concerns spurred state lawmakers to rescind $24 million in funding for a planned outpost of Paris’ acclaimed Pompidou Center in Jersey City -
NBC News - Top stories
AI drive-thru ordering is on the rise — but it may take years to iron out its flaws
Searching for ways to lower labor costs, restaurants are hoping that artificial intelligence can take down drive-thru orders — but it will likely be years before the technology becomes widely available. -
ABC News - World
Ahead of Iran's presidential runoff, a floated rise in gasoline prices may spark new protests
Comments suggesting that Iran's reformist presidential candidate could increase government-set gasoline prices have raised fears of a repeat of nationwide protests -
CNBC - Business
China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Europe on Thursday confirmed tariff increases on electric vehicles imported from China to the continent with automakers criticizing the move.European Union -
MarketWatch - Business
Retail investors have reached peak bullishness for Nvidia, these analyst say. Here’s where they may go next.
While Nvidia remains a top investment for many who believe the artificial intelligence story is here to stay, retail investors have likely hit “peak” bullishness. -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 99.83
The WSJ Dollar Index was down 0.2 to 99.83 — down for four consecutive trading days. -
MarketWatch - Business
Gold and silver futures end at highest levels since May after U.S. jobs data
Gold and silver futures posted their highest settlements since May on Friday, as downbeat U.S. economic data helped put pressure on the dollar and fueled expectations for an interest-rate reduction by the Federal Reserve. -
MarketWatch - Business
Natural-gas prices dropped 11% this week. Beryl may fuel further losses.
Natural-gas futures posted a nearly 11% weekly drop on Friday, pressured by an apparent slowdown in demand that came ahead of the Fourth of July holiday — and prices could take a further hit with the storm known as Beryl forecast to hit parts of ... -
The New York Times - Top stories
Biden in Crisis
Why the next few days will be pivotal for his candidacy.Joe Biden -
The Guardian - World
‘Rachel Reeves becomes UK’s first female chancellor; former Tory chair says party faces ‘oblivion’ – election live
Rachel Reeves becomes first woman to hold post in 800-years as Angela Rayner named secretary of state for levelling up. UK general election results 2024: live trackerHow Labour did it: inside the campaign that led to ‘Starmergeddon’Clive Myrie is ... -
ESPN - Sports
Murray, Raducanu teaming up for mixed doubles
Andy Murray and Emma Raducanu will team up in mixed doubles at Wimbledon.