Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
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The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
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 -
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.
Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in the overall category.The Wall Street Journal - World -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
Trump trusted more than Biden on inflation, a top issue for voters, poll shows
Eighty-five percent of people surveyed said inflation is an important issue, and most trust Trump more than Biden to deal with it.ABC News - Top stories - Joe Biden -
Teen who vanished 26 years ago rescued from neighbor's cellar
Local media reported that the victim said he had been unable to call out for help "because of a spell that his captor had cast on him."CBS News - World -
UK councils win power to auction off shops vacant for more than a year
Landlords face hit to their rents from scheme that seeks to deal with blight of boarded-up high streetsFinancial Times - World - United Kingdom -
After more than 20 years, NFL Network's Total Access shuts down
Total Access is no more.Yahoo Sports - Sports - NFL -
Hamas Took More Than 200 Hostages From Israel. Here's What We Know.
Israel says 124 hostages abducted on Oct. 7 remain in captivity in Gaza, including the bodies of at least 37.The Wall Street Journal - World - Israel -
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United StatesABC News - Tech - China -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Rose Zhang withdraws from this week's LPGA tournament because of illness after playing three holes
Defending champion Rose Zhang withdrew from the Mizuho Americas Open because of illness after completing only three holes of the opening roundABC News - Sports -
LPGA monitoring after 10 golfers, including Rose Zhang, withdraw from Mizuho Americas Open
Rose Zhang was one of seven golfers who withdrew from the tournament due to an illness.Yahoo Sports - Sports -
Natural Gas Up Amid Lower-Than-Expected Inventory Build
Natural gas prices rose for a second consecutive day as U.S. storage grew less than expected.The Wall Street Journal - World -
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