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Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Sam Altman brushes off Musk's influence in Trump administration amid tension
Sam Altman, the CEO of tech company OpenAI, brushed off tech billionaire Elon Musk's influence in the upcoming Trump administration, according to a Wednesday report from The New York Times. Altman ...The Hill - Dec. 4 -
Ranking expected head coaching jobs based strictly on who's the QB
Suffice to say the Jets and Giants' jobs aren't attractive with no QB of the future on either roster. But even the Cowboys' job has a red flag with Dak's bloated contract.Yahoo Sports - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
BNPL Fuels Black Friday Weekend Buying, and Risks of Spiking Debt
Buy Now Pay Later companies processed over $9 billion worth of purchases on Cyber Monday alone, as consumers increasingly used deferred payment options on their credit cards.Inc. - Dec. 4 -
Ocasio-Cortez eyes Oversight bid amid Trump's return
Rep. Alexandria Ocasio-Cortez (D-N.Y.) is strongly considering a bid to become the top Democrat on the powerful Oversight and Accountability Committee, a pivotal seat that will play a prominent ...The Hill - Dec. 4 -
Expect the Next N.F.L. Draft to Be Polarizing. Except for One Player.
Travis Hunter can succeed as a wide receiver or as a cornerback at the pro level, a columnist for The Athletic writes.The New York Times - Dec. 4 -
What to Expect at Today’s DealBook Summit: Full Speaker Lineup
Sam Altman, Jerome Powell, Jeff Bezos, Bill Clinton, the podcaster Alex Cooper, Ken Griffin, Prince Harry, and Serena Williams are among the big names speaking.The New York Times - Dec. 4 -
Private payrolls grew by 146,000 in November, less than expected, ADP says
Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.CNBC - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
JetBlue Reports More Post-Election Travel Than Expected
JetBlue Airways raised its revenue guidance for the year after bookings in November and December were higher than anticipated immediately following the U.S. presidential election.The Wall Street Journal - Dec. 4 -
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Writers Silenced by Stalin Get New Life Amid War in Ukraine
The Soviet regime killed a generation of literary artists in the 1930s. Their legacy is being reclaimed as Ukraine fights to preserve its cultural heritage.The New York Times - Dec. 4 -
Rio Tinto Expects Pilbara Iron-Ore Shipments to Be Roughly Flat in 2025
The world’s second-biggest miner by value, expects annual iron ore shipments from its Australian operations to be little changed in 2025.The Wall Street Journal - Dec. 4 -
Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.CNBC - Dec. 4 -
Kospi heavyweight stocks fall in volatile trade amid political chaos
South Korean heavyweight stocks fell in a volatile trading session Wednesday amid market jitters triggered by a political upheaval.CNBC - Dec. 4 -
North Carolina residents struggle with Hurricane Helene recovery amid cold weather
Several North Carolina counties opened warming shelters for people without heat access or who were displaced by Hurricane Helene last September. Some are enduring the cold while living in tents as ...CBS News - Dec. 3 -
Some Republican senators appear tepid on Hegseth amid new misconduct claims
Pete Hegseth, President-elect Donald Trump's pick for defense secretary, met with Republican senators Tuesday for the second day in a row amid news that GOP insiders pushed to remove him as the ...CBS News - Dec. 3 -
Gregg Wallace faces fresh allegations of inappropriate behaviour amid furore
It comes after two hour-long MasterChef Christmas specials were pulled from the BBC’s festive schedule.Yahoo Sports - Dec. 3 -
Quebec sees spike in irregular crossings to U.S., public security minister says
Quebec Public Security Minister François Bonnardel said on Tuesday that the number of irregular crossings from Canada to the U.S. has jumped significantly in the last three years.Bonnardel met on ...Yahoo Sports - Dec. 3 -
Amid Pro-Palestinian Protests, Turner Prize Goes to Jasleen Kaur
The artist, who has supported the protests against the Tate group of museums, won the prestigious British award for an installation that includes a car covered by a giant doily.The New York Times - Dec. 3 -
L.A. rethinking LeBron's 82-game goal amid slump
LeBron James' recent struggles have the Lakers rethinking the initial goal to have him play in all 82 regular-season games.ESPN - Dec. 3 -
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Amid Syria’s Rebel Offensive, a Geopolitical Cauldron Simmers
Iran and Russia, both stretched by conflicts of their own, have experienced setbacks in Syria after a rebel offensive in the northwest of the country.The New York Times - Dec. 3 -
Hegseth passing on meetings with moderate senators and Democrats amid misconduct allegations
President-elect Donald Trump's Cabinet choices have been making the rounds on Capitol Hill to meet with the senators who will vote for their confirmation, but defense secretary pick Pete Hegseth ...CBS News - Dec. 3 -
Why Israel and Hezbollah Are Still Firing Amid a Lebanon Cease-Fire
Some violations of the truce, and some amount of violence, are to be expected, analysts say, and do not necessarily mean the deal will collapse and war will resume anytime soon.The New York Times - Dec. 3 -
Tuberville praises defense secretary pick Pete Hegseth amid misconduct allegations
Following his meeting Monday with Secretary of Defense nominee Pete Hegseth, Sen. Tommy Tuberville told reporters Hegseth would be "great" for the position.ABC News - Dec. 3 -
Thailand's prime minister expects fishermen seized by Myanmar to be repatriated soon
Thailand’s Prime Minister Paetongtarn Shinawatra says her government is negotiating with neighboring Myanmar for the return of four fishermen captured by Myanmar’s navy for trespassingABC News - Dec. 3 -
Bangladesh court defers Hindu leader's bail hearing as tensions with India spike
A court in Bangladesh has rescheduled a bail hearing for a prominent Hindu leader who was detained after leading large rallies in the Muslim-majority country demanding better security for minority ...ABC News - Dec. 3 -
White House defends pardon of Hunter Biden amid backlash
Republicans and some Democrats have accused Joe Biden of damaging trust in the justice department.BBC News - Dec. 2 -
‘It’s about consequences’: what can we expect from Wicked: Part Two?
The much-anticipated first part of the blockbuster musical adaptation has bewitched audiences worldwide, but there are dark times ahead in the sequel. Spoilers ahead Despite more than a year ...The Guardian - Dec. 2 -
Global arms trade soars in 2023 amid deadly conflicts
The top 100 global arms producers increased weapons and military-related sales by 4.3 percent last year, according to new research, as nations react to a more volatile and dangerous geopolitical ...The Hill - Dec. 2 -
Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2 -
Cyber Monday shoppers expected to set new records
Cyber Monday could mark the biggest day in sales for e-commerce this year. CBS News' Nancy Chen is tracking the consumer news as the holiday shopping season begins.CBS News - Dec. 2
