PCE Inflation Meets Expectations
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Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Biden campaigning in Wisconsin, expected to announce expansion of Microsoft facility
President Biden is hitting the campaign trail in Wisconsin Wednesday, where he's expected to tout his Investing in America agenda and announce the expansion of a Microsoft Data Center in the state. CBS News campaign reporter Aaron Navarro has more.CBS News - Top stories - Joe Biden -
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Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc
Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.MarketWatch - Business -
Brutal summer heat expected in US as planet records 11th consecutive warmest month
Earth has just experienced its 11th-hottest month on record -- a preview of the brutal temperatures forecast for the summer, according to scientists.ABC News - Top stories -
Fed’s Collins says she’s not surprised by unwelcome inflation data
Boston Fed President Susan Collins said Wednesday that she wasn’t surprised by the unwelcome news on inflation given the rapid progress seen last year, but she added that the economy needs to slow more in order to cool price pressures in the ...MarketWatch - Business -
15 savings account rates that far outpace inflation this May
Want to earn big returns on your savings? These accounts offer APYs that outweigh today's 3.2% inflation rate.CBS News - Top stories -
With inflation soaring, Argentina will start printing 10,000 peso notes
Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10ABC News - World -
Home builders’ stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.
Demand for new homes has been strong, despite high mortgage-loan rates.MarketWatch - Business -
Harry and King at London events but will not meet
The Duke of Sussex will not meet his father or brother during a brief visit to London.BBC News - Top stories -
Angry shoppers are fighting back against inflation — even the wealthy ones. Companies are feeling it.
“Let’s stop buying from these jokers,” one consumer said. “I bet they reduce these prices real quick.”MarketWatch - Business -
Meet Marisa Abela, the Star of the New Amy Winehouse Biopic, ‘Back to Black’
Marisa Abela was not widely known before being cast as the troubled singer-songwriter in “Back to Black.” That’s over now.The New York Times - Lifestyle