Economy Defied Recession Fears
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Police move in to clear UCLA encampment after protesters defy calls to leave
Police mass at UCLA as protesters defy order to leaveNBC News - Top stories -
Fears of fascism, extremism grow in US
Fears of growing fascism and extremism are increasing in the United States, according to a new poll. An NPR/PBS NewsHour/Marist National poll released Wednesday found that 31 percent of surveyed Americans, when asked about their greatest fears for ...The Hill - Politics -
FirstFT: Police storm Columbia University campus and remove pro-Palestinian protesters
Also in today’s newsletter, Fed decision day and Berkshire after BuffettFinancial Times - World -
India's economy: The good, bad and ugly in six charts
India has one of the world's fastest growing economies but the benefits are yet to fully reach the poorest.BBC News - Top stories - India -
Japan is haunted by a return to emerging-economy status
The battering sustained by the yen since January is causing alarm in some quartersFinancial Times - World - Japan -
Surrounded by Fighters and Haunted by Famine, Sudan City Fears Worst
A powerful paramilitary group has encircled El Fasher, the last remaining obstacle to domination of the sprawling Darfur region, raising alarm about mass killings if the city is taken.The New York Times - World -
Experts fear 'catastrophic' college declines thanks to botched FAFSA rollout
The bungled rollout of a new federal student aid form has left millions of students in limbo and some wondering if their college dreams will surviveABC News - Top stories -
Yen surges against U.S. dollar amid fears of further intervention
Japan’s yen violently strengthened against the U.S. dollar late Wednesday, sparking suspicions of intervention by Japanese authorities.MarketWatch - Business -
China’s Politburo pledges more support for economy facing ‘many challenges’
Promise of measures to shore up growth comes as high-tech output drives expansion in factory activityFinancial Times - World - China -
Why Small-Business Owners Are Optimistic About 2024 Revenue--but Not the Economy
A new survey unpacks the reasons behind entrepreneurs' rosy outlook and reveals why they're less bullish on the economy overall.Inc. - Business -
Fed chair Jerome Powell: No sign of stagflation in U.S. economy
Federal Reserve Chair Jerome Powell said Wednesday there was no sign of stagflation in the economy, even as inflation remains stubbornly high and some signs of slowing growth have started to emerge.NBC News - Top stories - Federal Reserve -
Back on Campaign Trail for a Day, Trump Attacks Manhattan Trial and Biden Economy
The former president is using his brief spell out of the courtroom for rallies in Wisconsin and Michigan.The Wall Street Journal - World - Joe Biden -
Jay Powell’s dilemma: the US economy is too strong to cut rates
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November electionFinancial Times - Business -
Hong Kong's Economy Slowed in First Quarter, But Beat Expectations
Hong Kong’s economy lost steam at the start of the year, as consumer and government spending weakened, but export strength helped growth beat consensus views that had tipped a much sharper slowdown.The Wall Street Journal - World - Hong Kong -
Jay Powell’s dilemma: the US economy is too strong to cut rates
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November electionFinancial Times - World -
At least 50 people feared drowned after boat from Senegal sinks off Canary island
Nine people rescued from boat sailing perilous Atlantic route that reportedly left Senegal with 60 people onboard nine days ago. At least 50 people are feared to have drowned after a boat sailing the perilous Atlantic route from west Africa to ...The Guardian - World -
Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
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'Liquid gold': An olive oil shortage is fueling record prices and food insecurity fears
A shortage of olive oil has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode.CNBC - Business -
CBS News poll finds economy is a top issue in major battleground states for Biden, Trump
The first CBS News battleground tracker poll of 2024 found Wisconsin, Pennsylvania and Michigan in a statistical tie between President Biden and former President Trump if people voted today.CBS News - Politics - Joe Biden -
People are spending less on fast food. That makes sense for consumers, even if it’s a red flag for companies — and the economy.
“Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and Starbucks will survive.”MarketWatch - Business -
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China's government over the prospects for the world's second-largest economy.
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China’s government over the prospects for the world’s second-largest economy.The Wall Street Journal - World - China