Hot Inflation Data Raise Doubts
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Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
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 -
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 -
Red flag? Samuel Alito scandal casts further doubt on supreme court’s impartiality
The court will play a crucial role in November’s election. Alito’s pro-Trump flag adds fuel to an already raging ethics debate. With less than six months to go before America chooses its next president, the US supreme court finds itself in a ...The Guardian - World -
Vermont makes waves on data privacy
The Hill's weekly technology news digest. {beacon} Friday, May 17, 2024 Welcome to Tech Friday, a new joint project of The Hill and Pluribus News covering tech policy across government. Sign up to receive The Hill's newsletters here. Rather ...The Hill - Politics -
Pacers oust Knicks behind historic hot shooting
The Pacers set an NBA playoff record after shooting 67.1% from the field in Game 7's drubbing of the Knicks.ESPN - Sports -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
For Japanese Hot Springs, Visit 3 Charming Onsen Towns in Kaga City
A new high-speed train stop unlocks Kaga, a destination for onsen, nourishing food and traditional crafts, as an easy-to-reach getaway from Japan’s capital.The New York Times - Top stories -
This Is Hot Slaw. And Cleveland, Tenn., Wants You to Love It, Too.
A spicy, yellow dollop of cabbage slaw became Tennessee’s first official state food — then everyone had to learn what it was.The New York Times - Top stories -
Why the Equal Rights Amendment Is Again a Hot Topic in New York
The proposed amendment to the State Constitution has become a divisive culture-war issue that encompasses abortion, discrimination and transgender athletes.The New York Times - Top stories - New York -
‘Such a hot mess’: turmoil inside the world of US beauty pageants
A Miss USA winner has handed back her crown, and another champion has resigned – is the lustre of the pageant starting to wear off?. The US beauty pageant industry, in a concise summation made last week, is “such a hot mess”.. Two reigning beauty ...The Guardian - World -
Talk about a market cap: ‘Dow 40,000’ hats are hot sellers
There’s a market for headwear tied to the stock market.MarketWatch - Business -
Some data in the market-moving CPI report was released early by the Labor Department
Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website.CNBC - Business -
The end of centralized data? Samsung teams with Expanso on distributed processing
Enables teams to analyze data in situ, reducing the operational overhead of replicating data centers or managing data movement between cloudsVentureBeat - Tech -
Snowflake invests in Metaplane to solve data quality issues plaguing AI development
The investment in Metaplane will enable Snowflake customers to closely monitor the quality of their data assets moving through different stages of the pipeline to power downstream applications.VentureBeat - Tech -
Weka scores $140M to supercharge AI workloads with ‘dynamic data pipelines’
With this funding, Weka will augment its cash reserves from previous rounds and work towards scaling the business to meet the demand for AI infrastructure in the wake of the generative AI boom.VentureBeat - Tech -
Reddit to Give OpenAI Access to Its Data in Licensing Deal
The deal will give the artificial-intelligence startup access to Reddit’s data.The Wall Street Journal - Tech -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
Musk Pushes Plan for China Data to Power Tesla's AI Ambitions
A data center in Chinato teach AI models for self-driving technology using data that could be processed in the countrycould be a big shift for Tesla, or merely a backup plan.Inc. - Business - China -
Reddit-OpenAI deal highlights demand for social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.MarketWatch - Business -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
Australia unleashes rent and energy relief as inflation bites
Cost of living crisis divides country between homeowners and rentersFinancial Times - World - Australia -
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 -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
Ex-Employees Raise Concerns About Safety at OpenAI
Former employees of the ChatGPT maker raised concerns that it isn’t doing enough to make sure its products don’t pose a threat to humanity.The New York Times - Business -
Gold, silver and platinum's red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.CNBC - Business -
Fantasy Football 2024 NFL schedule strategy: How to deal with bye weeks, who starts hot or slow, more
What to know about how the NFL's schedule impacts your Fantasy strategyCBS Sports - Sports - Fantasy Football -
Hot history: Tree rings show that last northern summer was the warmest since year 1
A new study finds that the broiling summer of 2023 was the hottest in the Northern Hemisphere in more than 2,000 yearsABC News - Health -
New menopause drugs treat hot flashes, but women may face insurance hurdles
New drugs to treat debilitating menopause symptoms — namely hot flashes — are finally on the market or are in development.NBC News - Top stories -
Abnormally hot summer even more likely in latest NOAA forecast: Here's where
New predictions for the summer season, released by NOAA's Climate Prediction Center this week, show weather is likely to heat up in almost every corner of the United States.The Hill - Politics -
Knicks vs. Pacers picks, odds, best bets for Game 6: Expect Tyrese Haliburton and Indiana to stay hot at home
The Pacers boast a 5-0 mark at Gainbridge Fieldhouse in the postseasonCBS Sports - Sports - NBA