Uk Inflation Data Fuels Doubts
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UK grocery inflation falls to ‘more normal levels’, sector data shows
Kantar figures indicate prices rose 2.4% in the four weeks to mid-May, down from 3.2% the previous monthFinancial Times - Business - United Kingdom -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Trump’s immigration plan could add trillions of dollars to national debt, fueling inflation and market jitters
Donald Trump’s tax and spending plans for his would-be second term in office imply a willingness to see the federal budget deficit rise to truly unprecedented levels.MarketWatch - Business -
Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut
“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.MarketWatch - Business -
Fed Governor Waller wants 'several months' of good inflation data before lowering rates
Fed Governor Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.CNBC - Business - Federal Reserve -
Industry bosses cast doubt on jobs 'bootcamp' plans
The plans will see benefit claimants get training for roles in sectors such as hospitality and care.BBC News - Top stories -
Fueled by Conley, Wolves roll by 45 to force G7
A "complete team" with veteran point guard Mike Conley back, the Wolves blew out the Nuggets by 45 points Thursday night to force Game 7.ESPN - Sports -
Synagogue Arson Attempt Fuels Antisemitism Fears in France
Police shot and killed an armed suspect who was attempting to set fire to a synagogue in the northwest of the country.The Wall Street Journal - World -
Red flag? Samuel Alito scandal casts further doubt on supreme court’s impartiality
The court will play a crucial role in November’s election. Alito’s pro-Trump flag adds fuel to an already raging ethics debate. With less than six months to go before America chooses its next president, the US supreme court finds itself in a ...The Guardian - World -
Vermont makes waves on data privacy
The Hill's weekly technology news digest. {beacon} Friday, May 17, 2024 Welcome to Tech Friday, a new joint project of The Hill and Pluribus News covering tech policy across government. Sign up to receive The Hill's newsletters here. Rather ...The Hill - Politics -
Congress must stop Biden from fueling a Saudi nuclear bomb
If Jake Sullivan and team can pull it off, the mega deal will be billed as bringing peace to the Middle East. If it opens the door to Saudi enrichment, however, the accord will only fuel more chaos and instability.The Hill - Politics - Joe Biden -
Trump Trial Helps Fuel His First Fundraising Win Over Biden
The former president saw his donations increase as his New York criminal trial began, though President Biden still appears to have an edge in cash on hand.The Wall Street Journal - World - Joe Biden -
Iran begins days of funerals for President Raisi as helicopter crash fuels uncertainty
Iran began funeral processions in Tabriz on Tuesday for President Ebrahim Raisi after he was killed in a helicopter crash.NBC News - Top stories - Iran -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
Australia unleashes rent and energy relief as inflation bites
Cost of living crisis divides country between homeowners and rentersFinancial Times - World - Australia -
‘An AI-fueled equity bubble’ will see big tech lead the charge in coming months
Big tech can once again be the market’s crown jewels says Capital EconomicsMarketWatch - Business -
7 dead in Houston area after storms and 100-mph winds; power outages and rising temperatures fuel new fears
Seven people have died in Houston and the surrounding county after severe weather ripped down power lines and trees and toppled brick walls, officials said Friday.NBC News - Top stories -
GameStop and AMC see meme-stock frenzy ease after Roaring Kitty-fueled rally
The meme-stock rally that lifted shares of GameStop and AMC was fueled by the social-media return of commentator Keith Gill, also known as Roaring Kitty.MarketWatch - Business -
GameStop and AMC pare back gains as dust settles from Roaring Kitty-fueled meme-stock frenzy
GameStop Corp. and AMC Entertainment Holdings Inc. pared back Monday’s gains in premarket trades Tuesday as the dust continued to settle from last week’s meme-stock frenzy.MarketWatch - Business -
UK court rules that extension of police powers to intervene in protests is unlawful
Britain’s High Court has ruled that new regulations that gave U.K. police more powers to intervene in protests were unlawfulABC News - World - United Kingdom -
Some data in the market-moving CPI report was released early by the Labor Department
Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website.CNBC - Business -
The end of centralized data? Samsung teams with Expanso on distributed processing
Enables teams to analyze data in situ, reducing the operational overhead of replicating data centers or managing data movement between cloudsVentureBeat - Tech -
Snowflake invests in Metaplane to solve data quality issues plaguing AI development
The investment in Metaplane will enable Snowflake customers to closely monitor the quality of their data assets moving through different stages of the pipeline to power downstream applications.VentureBeat - Tech -
Weka scores $140M to supercharge AI workloads with ‘dynamic data pipelines’
With this funding, Weka will augment its cash reserves from previous rounds and work towards scaling the business to meet the demand for AI infrastructure in the wake of the generative AI boom.VentureBeat - Tech -
Reddit to Give OpenAI Access to Its Data in Licensing Deal
The deal will give the artificial-intelligence startup access to Reddit’s data.The Wall Street Journal - Tech -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
Musk Pushes Plan for China Data to Power Tesla's AI Ambitions
A data center in Chinato teach AI models for self-driving technology using data that could be processed in the countrycould be a big shift for Tesla, or merely a backup plan.Inc. - Business - China -
Reddit-OpenAI deal highlights demand for social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.MarketWatch - Business -
EU data shows rise in employed young people living with parents
Proportion in Ireland rose from 27% in 2017 to 40% in 2022, as pandemic and cost of living crisis hit EU countries. ‘I’m screwed’: young adults forced to live with parentsThe proportion of employed young people living with their parents in the EU ...The Guardian - World - European Union -
AI data labelling start-up Scale valuation doubles to $14bn
Alexandr Wang’s company brings in $1bn in latest fundraising round as investors bet that data is the new oilFinancial Times - Business - Artificial Intelligence -
What the fund flow data tell us about the stock and bond markets
Many investors are surprised to learn that there is an inverse relationship between fund flows and performance.MarketWatch - Business -
UK general election poll tracker
Live-updating state of the parties polling ahead of the general electionFinancial Times - World - United Kingdom -
Inflation-Weary Viewers Boost Netflix Ad-Supported Discount Subscriptions
The video streaming company more than doubled viewers of its cheaper offer with ads in its content since January, and plansto boostrevenueby starting its own ad serving platform.Inc. - Business - Netflix