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The Job Market Shifted Into Lower Gear
Also, a congressman from Texas was indicted. Here’s the latest at the end of Friday.The New York Times - Top stories -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
SPDR Gold Shares Inch Lower Following Jobs Report
Gold prices edged lower, with April’s lower-than-expected jobs gains giving investors hope that the economy is finally cooling down.The Wall Street Journal - World -
Cost of bankrupt Birmingham’s equal-pay claim likely far lower than £760mn
City councillors say inflated ‘worst-case’ estimate has been used to justify major cuts and asset sales in local authorityFinancial Times - World -
You be the judge: should my best friend be more mindful of my lower income?
Lily’s bringing in six figures but Michelle earns less than half that. Who needs to change their ways? You decide who’s in the wongaMore money disputes where you can be the judge . She’s richer, more money-focused, and a bit obsessive over ...The Guardian - World -
The U.S. birth rate has never been lower. Here’s what that means for stocks.
Americans aren’t having as many kids, but the economy can handle that — for now.MarketWatch - Business -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World