Bad Economies
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Sunak says results 'disappointing' but voters will 'stick with us' at general election
Labour wins by-election and string of councils from the Tories, who retain the Tees Valley mayoralty.BBC News - Top stories -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
OK maybe Trump Media’s auditor is really bad at a lot of things
The bell tolls for Big BenFinancial Times - Business - Donald Trump -
US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
Bucks-Pacers: Bad luck dooms Milwaukee to a second consecutive playoffs first-round exit
The Bucks dealt with extensive injury problems in the first round of the playoffsCBS Sports - Sports -
Cardinals' surprisingly bad start to 2024: Reasons for optimism (pitching) and major concern (hitting)
St. Louis is already hovering near last place in the NL CentralCBS Sports - Sports -
An Ex-Marvel CEO Made Architectural Restorations His 'Bad Habit.' He's Listing His Latest for $12.9 Million.
Eric Ellenbogen completed an extension renovation on the William F. Cody-designed home in Palm Springs, replacing the “coolcrete” facade with terrazzo.The Wall Street Journal - World -
The strange new economy of all-you-can-eat buffets
Red Lobster is in trouble but luxury feasts with unlimited steak and champagne are thrivingFinancial Times - Business -
US economy adds 175K jobs in April, falling short of expectations
The U.S. economy added 175,000 jobs and the jobless rate ticked higher to 3.9 percent in April, according to Labor Department data released Friday. After several hotter-than-expected jobs reports, April's employment gains fell short of economists’ ...The Hill - Politics -
Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
Sanctions and a hobbled economy pull the rug out from under Iran's traditional carpet weavers
The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world overABC News - World -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
Fed still trying to assess if recent hot inflation readings mean economy is ‘overheating,’ Goolsbee says
“Everybody’s just got to take a step back and try to figure out ‘is that a sign that the economy is overheating, or is that a sign of some other thing’?” Goolsbee said.MarketWatch - Business - Federal Reserve -
Here's How a Massachusetts Court Case Featuring Uber and Lyft Could Reshape the Gig Economy
Competing ballot measures in the state will decide if drivers are independent contractors, and whether they can unionize. A judge will soon decide whether both will make it to the ballot.Inc. - Business -
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World