JPMorgan CEO Jamie Dimon hopes for soft landing for U.S. economy but says stagflation is possible
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Jamie Dimon sees ‘happy talk’ driving markets as he maintains cautious view
JPMorgan Chase chief executive is sticking to his outlook that a soft landing for the economy is less likely than markets expect.MarketWatch - Business -
Dimon Led Bank CEOs to Fend Off Tougher Capital Rules
Regulators discuss slashing proposed capital requirements in sign of banks’ increasing clout.The Wall Street Journal - World -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
Is the meme-stock frenzy over already? Possibly, say experts.
Also, Best New Ideas in Money is back, Walmart had blowout earnings and AI is still buzzy.MarketWatch - Business -
What does the Dow's 40,000-point milestone say about the economy?
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss ...CBS News - Top stories -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Helicopter carrying Iran's president suffers a 'hard landing,' state TV says
The incident happened near Jolfa, a city on the border with Azerbaijan.ABC News - Top stories -
Iran Says Helicopter Carrying Its President Is Missing After 'Difficult Landing'
Drones and dogs were being used to try to locate the helicopter carrying Ebrahim Raisi, hampered by fog and bad weather, Iran’s interior minister said. The foreign minister was also on board.The Wall Street Journal - World - Iran -
BT’s CEO says she ‘loves to squeeze’ short sellers as shares jump
UK’s biggest telecoms group rises 17% as Allison Kirkby announces strategy and raises dividendFinancial Times - Business -
Carter Center CEO says 'no significant change' in Jimmy Carter's condition: AJC
Carter Center CEO Paige Alexander said in a Wednesday interview that there has been “no significant change” in former President Carter’s condition. “It’s 15 months of hospice at this point, and he is fully retired,” Alexander said on The Atlanta ...The Hill - Politics -
Airbnb carbon monoxide detector mandate would be ‘very hard,’ CEO says
Airbnb CEO Brian Chesky said the company is working to address customer complaints and safety issues but that there are limitations on what it can do to keep customers safe from issues like carbon monoxide poisoning.NBC News - Top stories -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.CNBC - Business -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
Supplies arrive in Gaza via new pier but land routes essential, says US aid chief
Samantha Power says barely 100 trucks of aid a day enter Gaza, far less than 600 needed to address threat of famine. Humanitarian assistance has begun to arrive in Gaza along a US-made pier, but the US aid chief said the new sea corridor could ...The Guardian - World -
Helicopter carrying Iran’s president crashes in mountains, official says – Middle East live
Ebrahim Raisi was travelling in Iran’s East Azerbaijan province as bad weather hampers rescue efforts. Read more of our Israel-Gaza war coverage hereHere is a video of the Israeli war cabinet minister, Benny Gantz, threatening to resign if ...The Guardian - World -
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Russia Says U.S. Ignores Its Proposals for Prisoner Swap
The State Department says efforts to secure the release of Americans held by Russia are ongoing.The Wall Street Journal - World - Russia -
There’s New Hope for an HIV Vaccine
A trial vaccine has succeeded in generating low levels of antibodies needed to target HIV. It’s a first but much-needed step toward preventing infection.Wired - Tech -
Russia and Ukraine: two economies at war
Government reshuffle underlines Putin’s militarisation effort as Kyiv fights on with western supportFinancial Times - World - Ukraine -
Russian state media say jailed U.S. soldier has entered a guilty plea
Russian media say U.S. Army Staff Sgt. Gordon Black, who has been jailed for two weeks, is cooperating with authorities and has pleaded guilty to theft.CBS News - Politics - Russia -
American IT Scammer Helped North Korea Fund Nuclear Weapons Program, U.S. Says
The Justice Department alleges an Arizona woman and others helped foreign workers with North Korean connections get freelance gigs at U.S. companies.The Wall Street Journal - World - North Korea -
U.S. military says trucks have started bringing aid into Gaza over American-constructed pier
Trucks carrying humanitarian aid began moving ashore into Gaza Friday using a temporary pier built by the United States, delivering desperately needed supplies to the besieged Palestinian enclave.NBC News - Top stories -
Russian Gains in Ukraine Don't Point to a Breakthrough for Moscow, Top U.S. Generals Say
Kyiv says it is now thwarting Russian advances in the north. U.S. sees Moscow grabbing territory but not gaining strategic advantage.The Wall Street Journal - World - Ukraine -
Aid Starts Entering Gaza Through U.S.-Built Pier, but Officials Say It Isn’t Enough
Israel said Friday that it was facilitating the flow of aid and that its operations in Rafah, which have caused 630,000 people to flee, were ‘limited and localized.’The New York Times - World -
17 of 20 U.S. doctors stuck in Gaza depart with the help of American officials, source says
Seventeen of 20 U.S. doctors stuck in Gaza have departed, with the physician known for saving Sen.NBC News - Top stories -
Houthi missile strikes Greek-owned oil tanker in Red Sea, U.S. says
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.CBS News - Top stories -
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.MarketWatch - Business -
All of Billie Eilish's senses are alive on the ravishing 'Hit Me Hard and Soft'
The pop star's new album gives the impression of someone who's accepted the unnatural demands of stardom and wants to figure out how to lead a full life in spite of them.Los Angeles Times - Entertainment -
Faulty valve possible source of parasite outbreak
Up to 100 people have reported symptoms to their GP since a parasite was found in the water network.BBC News - Top stories -
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US warns of possible Pride Month attacks worldwide
The warning comes one week after a similar alert from the FBI and Department of Homeland Security.BBC News - Top stories -
The hope and heartache of salmon fishing in the Highlands
Pursuit of the elusive salmon inevitably brings failure. It’s why anglers get so hookedFinancial Times - World -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
Economy Losing Steam as Labor Market Tightens
Weekly jobless claim numbers decline as the impact of higher interest rates starts to hit key business sectors like homebuilding and manufacturing.Inc. - Business -
Under Israeli Bombs, a Wartime Economy Emerges in Gaza
Amid the destruction, a marketplace of survival has arisen focused on the basics: food, shelter and money.The New York Times - World - Israel -
Are the US and Chinese economies really about to start ‘decoupling’?
Experts say Biden’s tariffs on Chinese clean tech goods are not the trade-war move some fearFinancial Times - Business -
Helicopter carrying Iran’s President Raisi suffers ‘crash landing’; search and rescue underway
A helicopter carrying Iranian President Ebrahim Raisi suffered a “crash landing” on Sunday, Iranian state television reported.NBC News - Top stories -
Morehouse College prepares for possible disruptions ahead of Biden's commencement address
President Biden is set to deliver a commencement address at Morehouse College, and the historically Black college is preparing for possible disruptions as protests over Mr. Biden's handling of the Israel-Hamas war have continued on college ...CBS News - Top stories - Joe Biden