Inflation Sink Biden
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Here's the inflation breakdown for April 2024 — in one chart
The consumer price index rose 3.4% in April from a year earlier, marking a decrease from March, according to the Bureau of Labor Statistics.CNBC - Business -
Inflation Rises, but Key CPI Index Climbs Less Than Expected
The Consumer Price Index, which measures changes in the costs of household goods, rose 0.3 percent in April, a slight drop from the month before, potentially helping the case for the Fed to cut interest rates this year.Inc. - Business - Inflation -
US stocks close at record high on slower pace of inflation
Investors increase bets on Fed’s interest rate cuts this year as price growth moderatesFinancial Times - Business -
Inflation Moderated Slightly in April, Offering Some Relief for Consumers
Prices rose 3.4 percent in April from a year earlier, a slight easing from the previous month and a positive sign for the Federal Reserve.The New York Times - Business -
Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks
The weakness of the yen currency drives up the prices of imported food and gasoline.The Wall Street Journal - World - Japan -
Traders examine interest rate bets after inflation updates
Also in this newsletter: Putin hits out at west, Slovak PM shot, measuring productivity in the officeFinancial Times - World -
High inflation harms older households — and two factors determine who is most at risk, research finds
Retirees and near retirees face unique dilemmas when it comes to trying to make their money last amid rising prices.CNBC - Business -
Bitcoin is having its best day since March following cooler April inflation reading
Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.CNBC - Business - Crypto -
Bond-market rally may not be over after inflation report brings ‘massive relief’
The U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.MarketWatch - Business -
Ministers split over aid for Titanic shipbuilder Harland & Wolff
UK chancellor ‘dragging feet’ over £200mn package for Belfast groupFinancial Times - World -
Labour and Tories to raise pressure on City watchdog over growth
Concerns have risen over Financial Conduct Authority’s ability to spur competitivenessFinancial Times - World -
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.CNBC - Business -
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.The Wall Street Journal - World -
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.The Wall Street Journal - World -
Biden and Trump set for debates in June and September
President calls for TV events to happen without ‘raucous’ live audienceFinancial Times - Business - Joe Biden -
Biden and Trump agree to two presidential debates
President Biden and former President Trump committed to two presidential debates, the first one in June, the second in September. President Biden's proposal came after weeks of pressure from Mr. Trump to agree to a debate. NBC News' Peter ...NBC News - Politics - Joe Biden -
Biden and Trump deal knockout to debate commission
President Biden and former President Trump dealt a major blow to the Commission on Presidential Debates (CPD) on Wednesday, calling into question the usefulness of the organization moving forward. Biden’s campaign informed the commission it would ...The Hill - Politics - Joe Biden -
Biden and Trump Agree to Debates in June and September
The debates will be hosted by CNN and ABC, bypassing the commission that typically has overseen the events.The Wall Street Journal - World - Joe Biden -
Biden's Israel Arms Embargo Starts to Crack
A House resolution will condemn the pause on weapons to the U.S. ally at war.The Wall Street Journal - World - Joe Biden -
Biden and Trump agree debates as RFK vies to qualify
There will be no live audience at June's Atlanta event, which will mark the pair's first on-stage clash in four years.BBC News - Top stories - Joe Biden -
Biden has become detached from economic reality
The vast majority of Americans recognize Bidenomics as a disaster for the nation.The Hill - Politics - Joe Biden