Yellen confident U.S. inflation will continue to cool
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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 -
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 -
Janet Yellen's Risky Debt-Management Business
Her overreliance on short-term borrowing sets taxpayers up for a painful economic reckoning.The Wall Street Journal - World -
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 -
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 -
Columbia Faculty Group Passes No-Confidence Resolution Against President
Hundreds of professors at the university weighed in on the resolution, which said the president, Nemat Shafik, had committed an “unprecedented assault on student’s rights.”The New York Times - Top stories -
Lando Norris confident McLaren will challenge Red Bull after maiden win
Emilia Romagna Grand Prix is the first race since Miami triumph‘I think we are the third-best team behind Red Bull and Ferrari’Lando Norris returns to racing after his first Formula One win confident he and his McLaren team are in a position to ...The Guardian - World -
Columbia faculty group passes no-confidence measure on school's president
Columbia University’s Faculty of Arts and Sciences approved a vote of no confidence Thursday against university President Minouche Shafik over her handling of the recent pro-Palestinian protests on campus. The vote, organized by the school’s ...The Hill - Politics -