Wealthy investors weather the inflation storms
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Houston braces for more severe weather after deadly storms
More than 200,000 residents in the Houston area remain without power as severe weather threats persist. Claire Hao, an energy reporter at the Houston Chronicle, joins CBS News with more on the impact of an expected heat wave.CBS News - Top stories -
Weather tracker: Tornado and hail risk as US storm season ramps up again
Low pressure also expected to raise temperatures in eastern Canada and north-east US, while temperatures plummet in west. After a lull in recent weeks, storm season in the US has begun to ramp up again, with 100mph winds and tennis ball-sized hail ...The Guardian - World -
Mayor John Whitmire talks Houston's deadly weather
A severe storm blew through southeast Texas Thursday night, killing at least four people and bringing powerful winds and rain for the second time this month. More than 800,000 customers lost power due to the storm. Houston Mayor John Whitmire ...CBS News - Top stories -
Thunderstorm weather warning issued by Met Office
Forecasters have warned some areas could see up to 50mm (2in) of rain and flooding on Saturday.BBC News - Top stories -
Investors Are Striking Gold All Over
Investors have rarely had it this good, with prices of everything from homes to stocks and cryptocurrencies soaring.The Wall Street Journal - World -
Silicon Valley's Biggest Investor Is Canadian
The geography of investing showed some surprises in the first quarter. But deals remain muted in a high-interest environment.Inc. - Business -
U.S. Natural Gas Futures Add to Gains on Weather, Storage Outlook
U.S. natural gas futures extended their three-weeklong rally with early season heat in Texas driving demand and prospects of a gradual reduction in inventory surpluses.The Wall Street Journal - World -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
Individual investors made 30% of GameStop trades on Monday
As the stock prices of GameStop and AMC skyrocket, so does the number of people trading those shares.MarketWatch - Business -
Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - World -
Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - Business -
Investors Have an Advantage Over Family Home Buyers
Level the playing field.The Wall Street Journal - World -
Water investors have withdrawn billions, says research
A report suggests shareholders have taken billons but failed to invest as water bills look set to rise.BBC News - Top stories -
Gold's Global Rally Is Sparking a New Investor Class
Gold is hitting record highs— bucking long held trends for the commodity. WSJ breaks down the factors behind its rally and why that’s bringing in a new class of investors.The Wall Street Journal - World -
Apple has a chance to change investors’ minds
Apple’s hardware events are usually most exciting to investors. But this time, Wall Street is highly anticipating the company’s annual software preview.MarketWatch - Business - Apple -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - 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 -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Photos: Storms Leave Destruction Across Houston
At least four people were killed when powerful weather ripped through the region. Officials were taking stock of the damage on Friday.The New York Times - Top stories -
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 -
Video shows destruction after deadly Texas storms
Shattered windows in high-rise buildings and fallen trees were visible around Houston after severe weather.BBC News - Top stories -
5 dead in 'exceptionally' strong storm in Houston
At least five people were killed when a powerful storm tore through Houston on Thursday night, officials said.ABC News - Top stories -
More Northern Lights soon as Sun storms strengthen
Another spectacular light show could come within two weeks as Sun storms reach 11-year high.BBC News - Top stories -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
Australia unleashes rent and energy relief as inflation bites
Cost of living crisis divides country between homeowners and rentersFinancial Times - World - Australia -
Central U.S. braces for new line of powerful storms
A new line of powerful storms is heading for the heartland, with an even greater threat of severe weather forecast for Tuesday. The forecast comes after multiple reports of damaging winds and twisters across the Plains on Sunday. The Weather ...CBS News - Top stories -
Weather alters Saturday action at North Wilkesboro: Truck Series postponed, heat races canceled
Torrential rain and intermittent lightning have altered Saturday’s All-Star Weekend schedule at North Wilkesboro Speedway, leading to the NASCAR Craftsman Truck Series race being postponed and both 60-lap qualifying heats in the Cup Series being ...Yahoo Sports - Sports -
Ebrahim Raisi: rescuers search for Iran president after helicopter crash – live updates
President was travelling in Iran’s East Azerbaijan province when helicopter came down in bad weather. Here is a video of the Israeli war cabinet minister, Benny Gantz, threatening to resign if Benjamin Netanyahu fails to adopt an agreed plan for ...The Guardian - World - Iran -
FirstFT: Investors pull money from Starwood $10bn property fund
Also in today’s newsletter, Shein switches IPO plans from New York to London and Pfizer hopes to settle thousands of lawsuitsFinancial Times - World -
EasyJet’s new pilot faces a fight to convince investors on growth
Nerves about the airline industry are never far awayFinancial Times - Business -
Billionaire investor sees 1 in 3 chance of civil war
Ray Dalio, the billionaire investor and founder of hedge fund Bridgewater Associates, said he sees a growing likelihood that the United States will plunge into a civil war. In an interview with Financial Times, Dalio, 74, detailed his research in ...The Hill - Politics -
British investor in talks to buy 49% share in Teesside International Airport
Michael Flacks wants to transform the facility into a cargo, repair and maintenance hubFinancial Times - World -
Global investors wake up to cheap UK stocks as takeover activity rises
Jupiter Asset Management boss says London-listed shares are ‘cheapest they have been in 50 years’Financial Times - Business - United Kingdom -
Hurricane Katrina victim identified nearly 2 decades after deadly storm
Forensic tests allowed Mississippi authorities to identify the remains of a woman killed almost two decades ago in Hurricane Katrina.CBS News - Top stories -
Inflation-Weary Viewers Boost Netflix Ad-Supported Discount Subscriptions
The video streaming company more than doubled viewers of its cheaper offer with ads in its content since January, and plansto boostrevenueby starting its own ad serving platform.Inc. - Business - Netflix -
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 -
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 -
Glynn's Take: RBA Gov. Bullock Alone in Fight to Tame Inflation
Reserve Bank of Australia Gov. Michele Bullock will have realized this week that she is now on her own when it comes to getting inflation down.The Wall Street Journal - World