Economy Edges Higher Heading
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OPEC+ Likely to Extend Output Curbs Beyond 2Q, JPMorgan Says
OPEC and its allies are likely to extend their voluntary production cuts beyond the second quarter at their upcoming meeting in June, according to JPMorgan.The Wall Street Journal - World -
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.MarketWatch - 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 -
The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - World - China -
The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - Tech - China -
Verstappen edges Leclerc again to take Miami pole
Red Bull’s Max Verstappen beats Ferrari’s Charles Leclerc to pole position at the Miami Grand Prix.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 -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
‘Second renaissance’: tech uncovers ancient scroll secrets of Plato and co
Researchers and Silicon Valley are using tools powered by AI to read what had long been thought unreadable. More than 2,000 years after Plato died, the towering figure of classical antiquity and founder of the Academy, regarded by many as the ...The Guardian - World -
Putin on our doorstep: Ukrainians watch as the frontline edges closer
Russian forces are advancing in the country’s eastern regions, but the recent arrival of US arms could help turn the tide. It was a perfect May evening. Daria Karpinska and her friends sat in the corner of a five-a-side pitch and played cards. ...The Guardian - World - Ukraine -
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 -
Americans are down on the economy — but there are good reasons to be optimistic
Biden unfairly gets poor marks for handling of the U.S. economy — which is improving.MarketWatch - Business -
Jobs Report in Focus as Investors Seek Rate Clues
Stock futures ticked higher ahead of an employment report that is expected to show labor-market growth slowing in April.The Wall Street Journal - World -
Hershey Boosted by Higher Prices and Sales Volumes
Consumers are still paying up for chocolate. Candy giant Hershey said sales rose 8.9% from year-ago levels, benefiting from both higher prices and volumes.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 -
The U.S. economy and stocks have likely dodged a recession: El-Erian
The U.S. is the sole major engine of global growth in an increasingly less-stable world.MarketWatch - Business -
Arizona Is Booming, but Restless Voters Feel Downbeat About Economy
Concerns about housing costs and immigration are unsettling Biden’s winning coalition from 2020, but abortion turmoil is worrying Republicans.The Wall Street Journal - World -
Draymond reacts to Embiid's higher flagrant foul total in half the games
In 478 fewer total career NBA games, Joel Embiid has more flagrant fouls than Warriors star Draymond Green.Yahoo Sports - Sports -
Private equity firms step up plans to edge banks out of low-risk lending
Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and BlackstoneFinancial Times - Business -
Conservatives lose West Midlands mayor, capping bleak results for Rishi Sunak
Labour's Richard Parker beats Andy Street after a wave of losses for the Tories in local and mayoral elections.BBC News - Top stories