Fairleigh Dickinson Princeton Furman and the Joy of March Upsets
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Inflation hotter than expected in March, Consumer Price Index report shows
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months and the latest numbers are casting doubt on any interest rate cuts. CBS News business analyst Jill Schlesinger has more.CBS News - Top stories -
As Jared Kushner’s Investment Firm Steps Out, the Potential Conflicts Are Growing
Jared Kushner’s Affinity Partners has invested more than $1.2 billion, much of it in firms abroad, drawing new scrutiny as his father-in-law, Donald Trump, again seeks the presidency.The New York Times - Business -
Inflation Was Hotter Than Expected in March, Unwelcome News for the Fed
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.The New York Times - Business - Federal Reserve -
What does high March inflation mean for the Fed and the economy?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.CBS News - Top stories - Federal Reserve -
Wholesale prices rose 0.2% in March, less than expected
The producer price index was expected to increase 0.3% in March, according to the Dow Jones consensus estimate.CNBC - Business -
Inflation remained high in March with gas prices and rent as the driving factors
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.CBS News - Top stories -
Producer prices come in softer than consumer prices in March
Producer prices rose less than economists expected in March after consumer prices came in hot, delivering a measure of relief to analysts and suggesting underlying inflation may still be easing. The Labor Department’s producer price index (PPI) ...The Hill - Politics -
Long-term Treasury yields end at nearly five-month highs after March producer-price data
Yields on U.S. government debt finished little changed on Thursday, leaving 10- and 30-year rates at their highest levels since mid-November following the release of March’s tame producer-price index.MarketWatch - Business -
Broken record: March is 10th straight month to be hottest on record, scientists say
The European climate agency says Earth was record hot for the 10th consecutive month in MarchABC News - Tech -
China's exports tumble 7.5% in March and imports also fall as demand slows
Official customs data show China’s exports contracted in March after growing in the first two months of the yearABC News - World - China -
Canada Existing Home Sales Edge Up 0.5% in March
Canada’s real estate market was relatively steady last month, with sales of existing homes ticking higher, prices slipping modestly and new listings declining ahead of early signs of a rebound in April.The Wall Street Journal - World -
China's Financial Institutions Issued Less Credit in January-March
The data suggest continued tepid borrowing demand from corporates and households.The Wall Street Journal - World - China -
Dow Falls, Logs Worst Week Since March 2023
The S&P 500 fell 1.5% as investors digested earnings from financial companies including JPMorgan and BlackRock.The Wall Street Journal - World -
Polish opponents of abortion march against recent steps to liberalize strict law
Thousands of Polish opponents of abortion are marching in Warsaw to protest recent steps by the new government to liberalize the predominantly Catholic nation's strict laws and allow termination of pregnancy until the 12th weekABC News - World - Abortion -
Twitch viewership dips in March; Gaules takes top spot | StreamElements
StreamElements' latest report suggests Twitch viewership is having its usual March drop-off, but a niche indie title is blowing up.VentureBeat - Tech -
Trump Media closes down more than 18% after filing plans to issue more DJT stock
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.CNBC - Business - Donald Trump -
Retail sales jumped 0.7% in March, much higher than expected
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.CNBC - Business -
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challengesABC News - Top stories -
NBA playoffs: The season finale delivered, setting the stage for more drama and star power
Never in the league’s rich history was there a day like Sunday.Yahoo Sports - Sports - NBA -
Americans Keep Their Wallets Open in March, Despite Rising Prices
Retail sales surge by 0.7 percent, as strong job market keeps people spending even as prices rise.Inc. - Business -
Qatar Airways and Latin America best in March for punctual flying
Yahoo News - World