Inflation Inched Higher
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Alstom to Cut Costs, Forecasts Higher Profits
Alstom said adjusted earnings rose 17% with an improved margin and guided for further profit growth in 2025, as it looks to cut overheads and procurement costs.The Wall Street Journal - Business -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
10-year Treasury yield finishes higher for first time in six sessions
Yields on U.S. government debt closed higher on Wednesday after lackluster demand at a 10-year-note auction left the Treasury market’s selling momentum intact.MarketWatch - Business -
Oil prices end higher after dipping to eight-week lows as U.S. crude supplies fall
Oil futures settled higher on Wednesday, finding support after a brief dip to their lowest levels in about eight weeks, as U.S. government data showed an unexpected weekly decline in domestic crude inventories.MarketWatch - Business -
The Powell paradox: How the Fed chair’s words keep interest rates higher for longer
The Federal Reserve must closely monitor the impact of its public statements on market expectations and price levels, adjusting its communication strategy accordingly.The Hill - Politics - Federal Reserve -
Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.
Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.MarketWatch - Business -
Fed’s Collins says she’s not surprised by unwelcome inflation data
Boston Fed President Susan Collins said Wednesday that she wasn’t surprised by the unwelcome news on inflation given the rapid progress seen last year, but she added that the economy needs to slow more in order to cool price pressures in the ...MarketWatch - Business -
15 savings account rates that far outpace inflation this May
Want to earn big returns on your savings? These accounts offer APYs that outweigh today's 3.2% inflation rate.CBS News - Top stories -
With inflation soaring, Argentina will start printing 10,000 peso notes
Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10ABC News - World -
Angry shoppers are fighting back against inflation — even the wealthy ones. Companies are feeling it.
“Let’s stop buying from these jokers,” one consumer said. “I bet they reduce these prices real quick.”MarketWatch - Business