Amazon Announces Another 9000 Layoffs Fed Works to Bring Down Inflation
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Schools across U.S. announce teacher layoffs
American schools are facing layoffs as enrollment falls and pandemic-era aid dries up. CBS News reporter Bo Erickson has the details.CBS News - Top stories -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World -
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Top stories - Federal Reserve -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectationsFinancial Times - Business -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectationsFinancial Times - Business -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - Business - Japan -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - World - Japan -
Confounding U.S. Economic, Inflation Data Muddy Fed's Rate Path
Inflation isn't dropping, productivity is high and unemployment is low, making a rate cut less likely in the near term.Inc. - Business - Federal Reserve -
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Business - Federal Reserve -
Is another inflation scare coming? GDP seems to say yes.
A surprisingly high inflation reading in the first quarter has raised anxiety about whether a key price index in March could be worse than expected and could lower the odds of U.S. interest-rate cuts.MarketWatch - Business -
Cramer's week ahead: Fed meeting and earnings from Apple, Amazon, Eli Lilly
CNBC's Jim Cramer on Friday walked investors through next week on Wall Street.CNBC - Business - Federal Reserve -
Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.CNBC - Business -
White House shuts down GOP calls to bring in National Guard for college protests
The White House punted on Speaker Mike Johnson’s (R-La.) demand for President Biden to call in the National Guard to college campuses amid mass protests over the Israel-Hamas war on Thursday. Johnson visited Columbia University on Wednesday, the ...The Hill - Politics -
10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Treasury yields slip from 2024 highs after Fed’s favored inflation gauge meets expectations
Long-term Treasury yields finished off their highest levels of the year on Friday after the Federal Reserve’s preferred inflation gauge matched expectations, but they still notched their fourth straight week of advances.MarketWatch - Business -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.CNBC - Business - Federal Reserve -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.NBC News - Top stories - Federal Reserve -
Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bidABC News - Top stories -
All the data so far is showing inflation isn't going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very good.CNBC - Business -
More Bad News for the Fed: Its Favorite Inflation Gauge Increased More Than Expected in March
The PCE price index surged last month, putting the rate cut hopes of entrepreneurs on ice.Inc. - Business -
All the data so far is showing inflation isn't going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good.NBC News - Top stories -
Meet the Dubai artist whose work has sold for millions — and turns down 99% of prospective buyers
One of Sacha Jafri's paintings sold for $62 million at a charity auction, making him one of the world's most expensive artists.CNBC - Business -
How to prep for a layoff you know is coming
In March, U.S. layoffs rose by 7 percent, up from 84,638 job cuts in February to 90,309, the highest rate since January 2023 as AI-related restructuring continues to make its presence felt across numerous industries. Tech layoffs may have ...The Hill - Politics -
Nike’s Layoffs Prove the Olympics Can’t Solve Its Midlife Crisis
Nike’s reputation—and sales—are both in trouble. Now layoffs threaten to sour hopes that the Paris games could turn its fortunes around.Wired - Tech -
Remote Work Is a Leadership Killer
There’s no way of learning to manage people other than by direct observation of those who do it well.The Wall Street Journal - World -
As Alphabet follows Meta with a dividend, the pressure is now on Amazon
Dividends are a sign of maturing companies, but may also be a diversion for investors amid hefty capital spendingMarketWatch - Business -
The 33 Best Shows on Amazon Prime Right Now
From Mr. and Mrs. Smith to Fallout, these are our picks for what you should be watching on the streamer.Wired - Tech -
The 17 Best Movies on Amazon Prime Right Now
From Road House to Bottoms, these are the must-watch films on Amazon Prime Video.Wired - Tech -
Report: Amazon and NBA reach agreement on broadcast deal
Amazon Prime Video and the NBA are reportedly nearing an agreement that would make the streaming and retail giant a major platform for game telecasts.Yahoo Sports - Sports - NBA -
Slowing Down for Poetry and Time
A London exhibition by Van Cleef & Arpels will showcase heritage pieces alongside novelties introduced at the Watches and Wonders fair.The New York Times - Lifestyle -
Inflation picks up
Presented by BP — {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story Inflation picks up in March The Federal Reserve’s preferred inflation gauge ticked up slightly in March as many Americans saw bumps in their paychecks ...The Hill - Politics - Inflation -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Business - Donald Trump -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Top stories - Donald Trump -
MLB bringing back Players Weekend in August
For the first time since 2019, MLB will dedicate three days in August to players, focusing on showcasing them beyond their stats and on-field performances, according to a release distributed Thursday.ESPN - Sports - MLB -
Pennsylvania brings protest votes to center stage
Beneath the surface of Pennsylvania’s mostly sleepy primary was a trend that's stalked Joe Biden and Donald Trump across the country: a substantial protest vote.NBC News - Politics -
Pennsylvania brings protest votes to center stage
Beneath the surface of Pennsylvania’s mostly sleepy primary was a trend that's stalked Joe Biden and Donald Trump across the country: a substantial protest vote.NBC News - Top stories -
Biden must bring the fight to the battleground states
Joe Biden must tout his successes even more aggressively. He must adopt a more populist Bernie Sanders-like tone and rail against the excessive corporate profits and the Trump COVID-19 first term blunders that left the economy in shambles.The Hill - Politics - Joe Biden -
How Pulisic, McKennie are bringing the spotlight back to Serie A
Americans like Pulisic and McKennie, who could face each other Saturday, are helping boost the league's profile.ESPN - Sports -
Fallout: Vault Dweller's Cookbook Gift Set Discounted At Amazon
Sure, most of humanity might have perished in a storm of mutually assured destruction in Fallout, but that's no excuse to not enjoy a good meal! If you've been curious about the culinary state of the world in this post-apocalyptic series, which ...GameSpot - Tech -
Amazon Ring customers getting $5.6 million in refunds, FTC says
PayPal payments are being made to 117,044 consumers whose videos may have been accessed by unauthorized users.CBS News - Top stories - Amazon