Push Inflation Higher
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Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
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 -
U.S. oil prices touch eight-week lows, then turn higher as U.S. crude supplies fall
Oil futures touched their lowest levels in about eight weeks on Wednesday, but prices for the U.S. benchmark turned higher following U.S. government data showing an unexpected weekly decline in domestic crude inventories.MarketWatch - Business -
Democrats push Biden for executive action to secure border
More than a dozen House Democrats are pressing President Biden to tap his executive powers to secure the border, arguing that Congress’s partisan stalemate on the issue leaves him no choice but to act unilaterally. In a letter delivered to the ...The Hill - Politics - Joe Biden -
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 -
Burnout Is Pushing Workers to Use AI—Even if Their Boss Doesn’t Know
People are using AI at work whether their bosses want them to or not, new data shows. But it’s desperation, not innovation, driving the change.Wired - Tech -
Should I Push My Husband to Ask for More of His Mother’s Estate?
When a woman tries to remedy a relative’s unequal generosity to her children using her own estate, her daughter-in-law wonders whether her husband is being shortchanged.The New York Times - Lifestyle -
Boeing’s Starliner launch pushed back to May 17 for first crewed mission
The historic first crewed launch of Boeing Co.’s Starliner spacecraft will take place no earlier than May 17, after Monday’s launch attempt was scrubbed two hours before takeoff.MarketWatch - Business -
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 -
South Korea Plans Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines.The Wall Street Journal - Business - China