Pce Inflation Meets Expectations
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Speaker Johnson expected to meet with Marjorie Taylor Greene before ouster vote
House Speaker Mike Johnson is expected to meet with Republican Representative Marjorie Taylor Greene on Monday, CBS News has learned. Greene is threatening to move forward with a resolution to oust Johnson from his post this week. CBS News ...CBS News - Top stories -
First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett
The absence of Charlie Munger will be on everyone's mind when Berkshire Hathaway's annual shareholder meeting kicks off Saturday in Omaha.CNBC - Business -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.CNBC - Business - Turkey -
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 -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
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 -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
Texas Democrat declares innocence ahead of expected indictment
Rep. Henry Cuellar (D-Texas) addressed an expected indictment following reports the Justice Department is preparing charges against him, saying he is “innocent of these allegations” and still plans to seek reelection. The Justice Department ...The Hill - Politics -
The age of the solar sail is arriving sooner than expected
A working solar sail system creates a range of possibilities for cheap planetary missions.The Hill - Politics -
Boy Is Found Dead in Texas After Being Swept Away in Floodwaters
A 4-year-old boy died on Sunday in Johnson County, Texas, after being swept away by floodwaters, the authorities said.The New York Times - Top stories -
BP shareholders expect oil group to scale back climate target
Investors believe chief executive is prepared to be flexible as demand for oil and gas continues to growFinancial Times - Business - Climate -
Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance
Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.CNBC - Business -
BP to Cut Costs as Posts Fall
BP plans to cut at least $2 billion in costs after its first-quarter profits were hit by lower prices and a U.S. refinery outage, missing market forecasts.The Wall Street Journal - Business -
Stormy Daniels expected to testify at Trump trial today
Stormy Daniels is in New York and expects to be called to the stand to testify Tuesday, according to two sources familiar with the matter.CBS News - Politics - Donald Trump -
Stormy Daniels expected to testify in Trump trial
Stormy Daniels expects to be called to testify in Donald Trump's New York criminal trial on Tuesday, sources say. The adult film star received a "hush money" payment in 2016 to buy her silence about an alleged sexual encounter with Trump. Attorney ...CBS News - Top stories - Donald Trump -
Wall Street Bonuses Expected to Rise This Year
A buoyant stock market, an IPO uptick,and rising investment banking deal counts will meanpayouts as much as 25 percent higher than 2023.Inc. - Business -
'Nobody expected this' - Dortmund target Wembley win
Despite a disappointing domestic campaign, Borussia Dortmund are one game away from becoming European champions for the second time.BBC News - Top stories -
Reddit beats expectations in first results as a public company
Social media site reports strong user growth but cautions that US election could affect advertisingFinancial Times - Business -
Record temperatures expected to continue to drive extreme weather
Heat remains trapped by rising greenhouse gas concentrations despite cooling Pacific Ocean, scientists sayFinancial Times - World -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.MarketWatch - Business -
Fed’s Williams says independence is key to winning fight against inflation
New York Federal Reserve President John Williams on Friday said that the U.S. central bank needed independence from the White House in order to get inflation back to its 2% target.MarketWatch - Business - Inflation -
More Americans trust Trump on economy, inflation than Biden: Poll
More Americans say they trust former President Trump on the economy and inflation than they do President Biden, a new poll found. The ABC News/Ipsos poll found that economy and inflation were among the top issues for Americans in this upcoming ...The Hill - Politics - Donald Trump -
Why fast-food price increases have surpassed overall inflation
Fast food has become increasingly expensive — and some consumers are changing their spending habits because of it.CNBC - Business -
New York Fed President Holds to 2 Percent Inflation Target
As prices keep rising, the central bank faces off against critics calling for rate cuts.Inc. - Business - New York -
Why you should invest in gold before the May inflation report is released
There's a compelling case to be made for investing in gold before the May 15 inflation report release. Here's why.CBS News - Top stories -
Fed’s Barkin thinks the U.S. economy will slow further, cooling down inflation
Recent data whiplash only confirms the wisdom of being slow to move interest rates, the Richmond Fed president says.MarketWatch - Business -
3 savings moves to make before the next inflation report
Are you wondering what you should do with your savings ahead of the next inflation report? Find out here.CBS News - Top stories -
Sky-high inflation forces Argentina to circulate first 10,000-peso notes
New bills worth $11 aim to help population avoid having to carry bricks of cashFinancial Times - World - Inflation -
Deutsche Bank’s DWS inflated client asset inflows by billions of euros
Frankfurt-listed asset manager included low-fee advisory assets in its calculations for yearsFinancial Times - Business -
Miami Heat 2024 NBA offseason preview: Don't expect major changes
Heat Culture may mean a more cautious approach to retool around Jimmy Butler and Bam Adebayo.Yahoo Sports - Sports - NBA -
April Jobs Report Shows Slowing But Still Steady Hiring Pace
The Labor Department said employers added 175,000 jobs last month, a dip from March but another consecutive month that adds to the longest period of unemployment under 4 percent since the 1960s.Inc. - Business -
FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.MarketWatch - Business