Oil ends below the day’s highs as panic eases over Israel’s retaliation against Iran
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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 -
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 -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Reddit shares surge as it strikes content deal with OpenAI
Agreement comes as competition for high-quality data to underpin AI models intensifiesFinancial Times - Business -
China’s factory output jumps as Beijing bets on industry to drive recovery
Retail sales growth lags forecasts as policymakers struggle to convince consumers to spendFinancial Times - World - China -
Asia-Pacific Innovative Lawyers
Generative AI and global tensions are shaping the legal agenda as lawyers respond to political and economic uncertainty, climate change and workloads. Plus: best practice case studies and a spotlight on JapanFinancial Times - World -
Democrats rally against GOP Israel bill as leaders crack whip
Democrats are rallying to oppose a House GOP effort meant to expose their divisions on Israel as the party moves to align with President Biden, who has threatened to veto the measure, and their own leaders who are whipping against it. The ...The Hill - Politics - Israel -
Hezbollah introduces new weapons and tactics against Israel as war in Gaza drags on
Lebanon's militant Hezbollah group is introducing new tactics and weapons against Israel as the war in Gaza drags on and Israeli troops enter parts of the southern city of RafahABC News - World - Israel