A Measure of Inflation That Is Closely Tracked by the Federal Reserve Increased in April
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Argentina monthly inflation seen back in single digits in April
Yahoo News - World -
April CPI unlikely to show much progress on inflation, but it probably didn’t get worse
Inflation in the U.S. is still stubbornly high, and the April report on consumer prices is unlikely to show Americans getting much relief.MarketWatch - Business -
The Most-Downloaded PS5 Games Of April 2024
Top downloadsSony has revealed its most-downloaded PS5 games in the US and Canada for April, and for the third month in a row, Helldivers 2 is on top. In fact, Helldivers has been the No. 1 most-downloaded game on PSN in the US since it debuted in ...GameSpot - Tech -
Producer Prices Rose More Than Expected in April
Producer Prices Rose More Than Expected in AprilThe Wall Street Journal - World -
Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.CNBC - Business -
Inflation’s rental risks
The US and UK need to see a moderation in the price of home leasesFinancial Times - World -
Wholesale inflation surges again, PPI shows, leaving Inflation still sticky
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.MarketWatch - Business - Inflation -
Stock market could suffer ‘ugly’ day if April CPI comes in above this level
A Wall Street analyst breaks down what would make for a “good, bad or ugly” market response to Wednesday’s CPI data.MarketWatch - Business -
Australian Government's Budget Bets On Rapid Fall In Inflation
Australian Treasurer Jim Chalmers has framed the center-left Labor government’s 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.The Wall Street Journal - World - Australia -
Stocks Rise Amid Mixed Signals on Inflation
Stocks edged higher after the producer-price index rose more than expected in April but data for the prior month was revised lower.The Wall Street Journal - World - Inflation -
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, said that the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.The New York Times - Business - Federal Reserve -
Stocks Mixed After Producer-Price Data
U.S. stocks were mixed in recent trading as investors digested wholesale-inflation data and awaited a reading on consumer prices, due Wednesday .The Wall Street Journal - World - Stock Market -
U.S. Inflation Could Be Getting Less Sticky
There are signs that U.S. inflation might be getting less sticky, Piper Sandler economists write in a note.The Wall Street Journal - World -
SPDR Gold Rises on Fresh Inflation Data
Gold settled 0.7% higher after U.S. inflation data came in hotter than expected.The Wall Street Journal - World -
BlackRock closes in on crown of world’s largest bitcoin fund
Asset manager pushes deeper into digital assets after ETF successFinancial Times - Business - Crypto -
Red Lobster Temporarily Closes Dozens of Restaurants
The seafood chain has been losing money for years. The liquidator behind the auction said more than 50 of its U.S. locations had closed.The New York Times - Business -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Inflation Is Still a Big Problem for Small Businesses--but There's Cause for Hope
While high costs remain a cause for concern for small companies, there's some good news when it comes to pricing and sales.Inc. - Business -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
Inflation Sticking Around, Key Wholesale Price Data Show
The Producer Price Index jumped up again last month, and economists see inflation persisting, which will likely keep high interest rates in place.Inc. - Business -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
The 54 Celebrities, Executives and Allies on Trump’s ‘Close Contacts’ List
The list included the media tycoon Rupert Murdoch and other Fox News figures, along with sports stars like Tom Brady and Serena Williams.The New York Times - Top stories - Donald Trump -
Red Lobster is closing dozens of restaurants and auctioning off equipment
Red Lobster is reportedly shuttering at least 48 of its locations, and a restaurant supply liquidator is auctioning off kitchen equipment from the impacted eateries this week.The Hill - Politics -
Don't cherry-pick the polls. The 2024 race remains close.
Political analysts like to hold up polls for the answers they give.NBC News - Top stories -
Red Lobster is closing nearly 50 locations, liquidator says
The store closures come as many Wall Street analysts suspect the restaurant will declare bankruptcy in coming weeks.CBS News - Top stories -
Biden orders Chinese-backed cryptocurrency mine near Wyoming base closed
President Biden on Monday ordered the closure of a Chinese-backed cryptocurrency mine near a Wyoming nuclear missile base, stating it poses a risk to U.S. national security. In his executive order Monday, Biden ordered MineOne Partners Limited and ...The Hill - Politics - Joe Biden -
AMC’s high-yield bonds are rallying with the stock and offering yields close to 30%
AMC Entertainment Inc.’s bonds were rallying Tuesday and were the biggest gainers in the high-yield space, swept up by the resumption of the meme-stock trend that took hold of markets on Monday.MarketWatch - Business -
Red Lobster closing at least 99 locations as its future comes into question
At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain's long-term future.NBC News - Top stories