A Measure of Inflation That Is Closely Tracked by the Federal Reserve Increased in April
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GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
Meta value falls $190bn as investors react to plan to increase spending on AI
Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products. Business live – latest updatesShares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off ...The Guardian - World -
‘Privileged access’: pro-plastic lobbyists at UN pollution talks increase by a third
Fossil fuel and petrochemical campaigners at Ottawa summit outnumber scientists, EU and Indigenous delegates. The number of fossil fuel and petrochemical industry lobbyists has increased by more than a third at UN talks to agree the first global ...The Guardian - World -
California Rule Seeks to Limit Health Cost Increases to 3 Percent
The stateHealth Care Affordability Board wants to cap annual health care price hikes with new five-year plan.Inc. - Business - California -
Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend
Yahoo News - World -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Airbus CFO says A350 plane production increase not tied to Boeing troubles
Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing.CNBC - Business -
Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend
A Swedish parliament committee says Sweden should increase its annual military budget by nearly 54 billion kronor ($5 billion) by 2030 to strengthen its air defenses and increase the number of conscripts, among other measuresABC News - World -
AIA to Increase Shareholder Returns on Record New Business Value
The 31% increase in the value of the insurer’s new business prompted it to increase its payout to shareholders and announce additional share buybacks.The Wall Street Journal - World -
New Federal Rules Set Overtime Pay Guidelines for Salaried Workers
The Biden administration finalizes overtime regulations for millions more salaried workers who earn less than $43,888 a year.Inc. - Business -
Nursing homes: Will new federal rules curb abuse and lead to better care?
The challenge of finding and hiring staff at nursing homes is enormous.MarketWatch - Business -
5 things to know about the new federal ban on noncompete agreements
Proponents say a sweeping ban on noncompete clauses should boost workers, but the new rules face serious legal challenges.CBS News - Top stories -
Democrats fret it could be curtains for local theaters without federal funds
Professional nonprofit theaters haven’t recovered from the Covid pandemic, with dozens of stages set to shutter. Democrats are introducing legislation that could keep the curtains from closing.NBC News - Top stories -
Democrats fret it could be curtains for local theaters without federal funds
Professional nonprofit theaters haven’t recovered from the Covid pandemic, with dozens of stages set to shutter. Democrats are introducing legislation that could keep the curtains from closing.NBC News - Politics -
17 states challenge federal rules entitling workers to accommodations for abortion
Seventeen states are challenging new federal rules entitling workers to time off and other accommodations for abortionsABC News - Health - Abortion -
NY lawmakers propose conditioning federal funding on monitoring of antisemitism
Two New York lawmakers are proposing legislation that could condition federal funding for universities to stricter monitoring of on-campus antisemitism. Reps. Ritchie Torres (D-N.Y.) and Mike Lawler (R-N.Y.) plan to introduce the College Oversight ...The Hill - Politics -
Head of Federal Student Aid steps down after chaotic FAFSA season
The head of the Federal Student Aid (FSA) office Richard Cordray announced Friday he would step down from his role following the difficulties with the first season of the new Free Application for Federal Student Aid (FAFSA) forms. “My first day at ...The Hill - Politics -
Scientists Fault Federal Response to Bird Flu Outbreaks on Dairy Farms
Officials have shared little information, saying the outbreak was limited. But asymptomatic cows in North Carolina have changed the assessment.The New York Times - Health -
Leader of Federal Student Aid Office Steps Down After FAFSA Crisis
During Richard Cordray’s tenure at the agency, the botched rollout of the new FAFSA upended the college admissions process.The New York Times - Top stories -
Federal Officials Find No Live Bird Flu Virus in Initial Milk Tests
The early results suggest that pasteurization is killing the H5N1 virus in milk, something that regulators were not certain of.The New York Times - Business -
Federal Officials Find No Live Bird Flu Virus in Initial Milk Tests
The early results suggest that pasteurization is killing the H5N1 virus in milk, something that regulators were not certain of.The New York Times - Top stories -
Scientists Fault Federal Response to Bird Flu Outbreaks on Dairy Farms
Officials have shared little information, saying the outbreak was limited. But asymptomatic cows in North Carolina have changed the assessment.The New York Times - Science -
The federal government is abusing its power to target private-sector education providers
Efforts by the federal government to target private-sector opponents have seemed to follow a clear patternThe Hill - Politics -
McConnell says he is 'not advocating anything' at a federal abortion ban level
Senate Minority Leader Mitch McConnell (R-Ky.) said he is not pushing for anything at the federal level for an abortion ban. NBC's Kristen Welker asked McConnell on "Meet the Press" whether he would support a 15-week federal ban on abortions, like ...The Hill - Politics - Abortion -
17 states challenge federal rules entitling workers to accommodations for abortion
Seventeen states are challenging new federal rules entitling workers to time off and other accommodations for abortionsABC News - Health - Abortion -
Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes
A little over a year ago, Chipotle announced the opening of its first Farmesa location.CNBC - Business -
College protests live updates: Police crackdown leads to hundreds of arrests
Protests have broken out at colleges and universities across the country in connection with the war in Gaza.ABC News - Top stories -
Alphabet shares jump 14% on earnings beat, first-ever dividend
Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.CNBC - Business -
Unions vow to fight on as Tata Steel confirms plans to close blast furnaces
Decision will result in up to 2,800 job losses at Britain’s biggest producer of the commodityFinancial Times - World -
When U.S. Officials Visit China, Their Food Choices Are Closely Watched
Visits to China by American officials like Secretary of State Antony J. Blinken can bring fame to local restaurants, as well as scrutiny to the dignitaries.The New York Times - World -
When U.S. Officials Visit China, Their Food Choices Are Closely Watched
Visits to China by American officials like Secretary of State Antony J. Blinken can bring fame to local restaurants, as well as scrutiny to the dignitaries.The New York Times - Top stories -
FIFA Said to Be Close to TV Deal With Apple for New Tournament
The agreement would give the tech company worldwide rights for a monthlong World Cup-style competition between top teams set to take place next year.The New York Times - Tech - Apple -
Tourist hospitalized after shark attack. Tobago closes several beaches
A shark attack on a British tourist in the southeastern Caribbean prompted the government of Trinidad and Tobago to close seven beaches and a marine parkABC News - World -
Trump trial sees new witnesses to close out first week of testimony
Prosecutors in former President Donald Trump's criminal trial in New York called two new witnesses to the stand on Friday, rounding out the first week of testimony.CBS News - Top stories - Donald Trump -
Tourist hospitalized after shark attack. Tobago closes several beaches
A shark attack on a British tourist in the southeastern Caribbean prompted the government of Trinidad and Tobago to close seven beaches and a marine parkABC News - Top stories -
Julen Lopetegui closes on Milan appointment to dash West Ham hopes
Lopetegui was one of frontrunners to replace David MoyesFormer Wolves manager more attracted by chance to join MilanMilan are close to appointing Julen Lopetegui, which puts him out of the running to replace David Moyes as West Ham’s manager.. ...The Guardian - World -
Trump trial sees new witnesses to close out first week of testimony
Prosecutors in former President Donald Trump's criminal trial in New York called two new witnesses to the stand on Friday, rounding out the first week of testimony.CBS News - Politics - Donald Trump -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Top stories -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Politics