Economy Faces Slowdown
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Russia and Ukraine: two economies at war
Government reshuffle underlines Putin’s militarisation effort as Kyiv fights on with western supportFinancial Times - World - Ukraine -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
Economy Losing Steam as Labor Market Tightens
Weekly jobless claim numbers decline as the impact of higher interest rates starts to hit key business sectors like homebuilding and manufacturing.Inc. - Business -
Under Israeli Bombs, a Wartime Economy Emerges in Gaza
Amid the destruction, a marketplace of survival has arisen focused on the basics: food, shelter and money.The New York Times - World - Israel -
Are the US and Chinese economies really about to start ‘decoupling’?
Experts say Biden’s tariffs on Chinese clean tech goods are not the trade-war move some fearFinancial Times - Business -
Thailand's Economy Grows on Strong Consumption, Tourism
The Thai economy grew in the first quarter thanks to strength in private consumption and tourism, despite continued weakness in goods exports.The Wall Street Journal - World -
What does the Dow's 40,000-point milestone say about the economy?
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss ...CBS News - Top stories -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Trump turns trial into circus as Biden tries to focus minds on economy
As a slew of Republicans went to the hush-money trial to show their fealty to their boss, the president tried to rise above it. Donald Trump last week turned his New York fraud trial into a political circus and a platform for his election campaign ...The Guardian - World - Joe Biden -
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.CNBC - Business -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
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 -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Many remember solid economy under Trump, but his record also full of hype, debt
Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hypeABC News - Top stories -
Open: This is "Face the Nation with Margaret Brennan," May 19, 2024
This week on "Face the Nation," Margaret Brennan speaks to former Defense Secretary Robert Gates about the war between Israel and Hamas, campus protests in the U.S. and the ongoing congressional debate on providing aid to Ukraine. Plus, Ukrainian ...CBS News - Politics -
Face the Nation: Markarova, Krebs, Gates
Missed the second half of the show? The latest on...Oksana Markarova tells "Face the Nation" that while the U.S. is supplying weapons, "there is no such thing as fast enough when we are up against such a bad enemy and we have to catch up for such ...CBS News - Top stories -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Fury refuses to look Usyk in the eye in face-off
Heavyweight Tyson Fury refuses to face off with Oleksandr Usyk during a cordial news conference in Saudi Arabia.BBC News - Top stories -
Watch: Fury refuses face-off with Usyk
Watch as Tyson Fury jokes around as he avoids eye contact with Oleksandr Usyk during face-off.BBC News - Top stories -
South Africa’s ‘lost leader’ faces the end game
What’s at stake in Cyril Ramaphosa’s last electionFinancial Times - World -
Tory peer faces ban over drunken outburst
An investigation finds Lord Ranger called a group of women "useless" while drunk in a Commons bar.BBC News - Top stories -
Steelmakers warn ministers that UK faces dumping risk
Plans to bring in carbon tax a year after EU will see shipments ‘diverted’ to Britain, industry saysFinancial Times - World - United Kingdom -
Full transcript of "Face the Nation," May 19, 2024
On this "Face the Nation" broadcast, Sen. J.D. Vance and Sen. Gary Peters join Margaret Brennan.CBS News - Top stories -
Chinese Firms Face Authoritarianism at Home and Hostility Abroad
The experience of TikTok’s owner, ByteDance, in Beijing and Washington shows how much the ground has shifted for China’s entrepreneurs.The New York Times - Business -
As Mount Sinai Beth Israel Hospital Faces Closure, Patient Care Suffers
Amid a standoff with the state over whether Beth Israel Hospital will close, severely ill patients keep arriving to a hospital that cannot always care for them.The New York Times - Top stories - Israel -
Meta Faces Fresh Probe Over ‘Addictive’ Effect on Kids
The EU has launched an investigation into Facebook and Instagram’s child protection measures as part of mounting concerns around minors’ use of social media.Wired - Tech -
Meta Faces EU Probe Over Facebook, Instagram Child-Protection Policies
The investigation, which could eventually lead to a fine, will look into the platforms’ use of algorithms that officials said may stimulate addictive behavior in children.The Wall Street Journal - Tech - European Union -
35 Years Later, the Remains Known as ‘Chimney Doe’ Have a Name and a Face
A skeleton found in the chimney of a Wisconsin music store in 1989 has been identified, relaunching a police investigation that had been dormant for decades.The New York Times - Top stories -
Meta Faces EU Investigation Over Child Safety Risks
The Digital Services Act, which became active last year,requires social media platforms to work harder to prevent dangerous and illegal content from reaching younger users.Inc. - Business - European Union -
English universities face severe deficits if student numbers fall, says OfS
Watchdog says growth forecasts are ‘not credible’ as ministers consider further curbs on international applicationsFinancial Times - Business -
Michael Cohen faces sharp questioning at Trump trial to end the week
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.CBS News - Top stories - Donald Trump -
Evening Report — Cohen faces questions about background, past lies
A quick recap of the day and what to look forward to tomorrow {beacon} Evening Report © Elizabeth Williams via AP Cohen takes a grilling on Trump trial witness stand Michael Cohen, former President Trump's one-time lawyer and "fixer" took ...The Hill - Politics -
Michael Cohen faces sharp cross-examination in Trump "hush money" trial
Michael Cohen faced a second day of cross-examination in former President Donald Trump's New York criminal trial on Thursday as week five ended. CBS News national correspondent Errol Barnett unpacks the day's proceedings.CBS News - Top stories - Donald Trump -
Oncology nurse faces down her own cancer diagnosis with courage
After years of coaching patients on how to navigate cancer treatment, nurse Leah Wilson of Charlotte, North Carolina, was suddenly facing her own battle after being diagnosed with non-Hodgkin's lymphoma at age 35. But she kept working, supporting ...CBS News - Top stories -
Green Transition Set to Face Critical Minerals Shortfall, IEA Says
Electric vehicle, wind turbine and solar panel manufacturers face a shortfall in critical metals and minerals unless more investment is made in projects such as new mines and recycling, according to a report from the International Energy Agency.The Wall Street Journal - World -
EasyJet’s new pilot faces a fight to convince investors on growth
Nerves about the airline industry are never far awayFinancial Times - Business -
Some A.I. Companies Face a New Accusation: ‘Open Washing’
An accusation against some A.I. companies that they are using the “open source” label too loosely.The New York Times - Business -
FirstFT: Tesla faces difficult task to win shareholder vote, chair warns
Also in today’s newsletter, the threat to oil from Canadian wildfires and British firm loses $25mn in deepfake scamFinancial Times - World - Tesla -
Britain will face defense challenges no matter who wins its upcoming election
Regardless of which party forms the next British government, it will find that actually restoring the country’s defense posture will take more than promises made during the election season.The Hill - Politics - United Kingdom