Fed Raises Alarms
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Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
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 -
Hotel fire alarm a good omen as Panthers oust B's
"In my career, the number of times that something got messed up at the hotel ... it's like a guaranteed win," Panthers coach Paul Maurice said after a 2-1 victory over Boston earned Florida a spot in the Eastern Conference finals.ESPN - Sports -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
New York crypto personality used 'Seinfeld' joke in fraud, feds reveal
A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.CNBC - Business - New York -
Slow: the Lithuanian asexual romcom that raises ‘a lot of questions’
Marija Kavtaradze’s new film is a love story with a truly radical approach to intimacy. She reveals how she made a will they/won’t they tale that strays into little-known territory. They meet cute in a dance rehearsal studio. She’s a contemporary ...The Guardian - World -
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Linklaters raises junior lawyer pay to £150,000
‘Magic circle’ firm matches Freshfields’ recent move as talent war heats upFinancial Times - Business -
Haley protest votes raise red flags for Trump
The tens of thousands of primary votes cast in favor of Nikki Haley over the last several months are underscoring the apparent discontent many Republicans feel with former President Trump as their presumptive nominee, raising alarm for his ...The Hill - Politics - Donald Trump -
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 -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Any moves to shorten the Federal Reserve’s asset holdings could potentially trigger a backlash in markets.MarketWatch - Business -
Calls to Pause Slovakia’s E.U. Election Campaigning Raise Questions
At least one party, the opposition Progress Slovakia, said it would suspend its campaign, in a move to help “end the spiral of attacks and blame.”The New York Times - Top stories -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - World -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Republican Jewish Coalition commits to raising $5M for Trump reelection
A major Republican grassroots Jewish group is pledging to raise at least $5 million for former President Trump's reelection campaign, calling it the organization's "largest effort" to shore up Jewish support. The Republican Jewish Coalition (RJC) ...The Hill - Politics - Donald Trump -
Param Labs raises $7M to fund gaming ecosystem development
Param Labs announced it's raised $7 million in its latest funding round to fund its modular gaming ecosystem.VentureBeat - Tech -
GameSquare spins off creator-focused FaZe Media, raising $11M
GameSquare has spun off FaZe Clan’s creators and non-esports assets into FaZe Media and welcomed DraftKing’s Matt Kalish as an investor.VentureBeat - Tech -
Chubb raises dividend 5.8% after Berkshire-related stock boost
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.MarketWatch - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - Business -
Deadly Clashes in New Caledonia Raise Fears of Civil War
France has sent troops to quell violence in New Caledonia, where Paris is seen as backtracking on promises of self-determination.The New York Times - World -
CoreWeave Raises $7.5 Billion in Debt for AI Computing Push
The deal is one of the largest-ever private debt financings.The Wall Street Journal - Tech -
Nickel price surges as New Caledonia riots raise concerns over supply
Industrial metal critical in electric vehicle batteries climbs almost 7%Financial Times - Business -
Future Forward super PAC raises eyebrows in Biden World
Allies to President Biden are concerned that Future Forward — the preferred super PAC backing the president's reelection bid — isn’t doing enough in the late spring and summer months to help build a narrative boosting the president and his ...The Hill - Politics - Joe Biden -
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An ultimatum raises pressure on Netanyahu to make postwar plans for Gaza
Pressure is coming from his own War Cabinet and his country’s closest ally.ABC News - World -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.CNBC - Business -
RFK Jr.'s Texas ballot access push raises questions for Ted Cruz
The prospect of Robert F. Kennedy Jr. qualifying for the Texas ballot is fueling speculation that he could hurt Sen. Ted Cruz's (R-Texas) reelection chances. Kennedy announced earlier this week he gained more than enough signatures to compete in ...The Hill - Politics -
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
Photo of upside-down flag at Justice Samuel Alito's house raises concerns: Report
"I had no involvement whatsoever in the flying of the flag," Justice Alito said.ABC News - Top stories -
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.The Wall Street Journal - World -
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Nato’s failure to save Ukraine raises an existential question: what on earth is it for? | Simon Tisdall
The military alliance is turning 75. But there’s little to celebrate in Kyiv, as Putin’s forces continue their bloody advance. Nato’s grand 75th birthday celebration in Washington in July will ring hollow in Kyiv. The alliance has miserably failed ...The Guardian - World - Ukraine