Another Us Hiring Surge 311000 Jobs Despite Fed Rate Hikes
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Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Japan Government Bond Yields Climb on Expectations BOJ Could Reduce Bond Purchases
Japanese government bond yields rose on expectations the Bank of Japan could lower its bond buying in the coming months to support the weakening yen, Deutsche Bank Research said.The Wall Street Journal - World -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate
Yahoo News - World - Brazil -
GOP lawmaker on Feds, UFOs: 'Give us the information. Let us decide'
Rep. Tim Burchett (R-Tenn.) is calling on federal government leaders to declassify all documents related to unidentified aerial phenomena (UAP), arguing federal agencies must be transparent if they are going to be funding millions of dollars. ...The Hill - Politics -
The class of 2024 is facing a tough job market. Here’s who’s hiring, according to LinkedIn
Despite the competition, industries experiencing staffing shortages like education and construction are still hiring new college grads, Linked reports.CNBC - Business -
New York crypto personality used 'Seinfeld' joke in fraud, feds reveal
A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.CNBC - Business - New York -
The right US-China policy prioritizes collaboration despite competition
Conflict and hostility currently dominate the China discourse.The Hill - Politics -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
US prisoners are being assigned dangerous jobs. But what happens if they are hurt or killed?
An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workersABC News - Top stories -
Takeaways from the AP's investigation into how US prisoners are hurt or killed on the job
An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workersABC News - Health -
Government will use unemployed bootcamps to fill job gaps, says Stride
Work and pensions secretary Mel Stride says new visa rules will reduce arrivals in Britain by 300,000.BBC News - Top stories -
Yemen's Houthi rebels claim shooting down another US MQ-9 Predator drone
Yemen’s Houthi rebels have claimed the shooting-down of an American drone, hours after footage circulated online of what appeared to be the wreckage of an MQ-9 Reaper droneABC News - Top stories -
5 Ways to Speed Up Hiring
Avoid missing out on great hires by making your search and hire process more efficient.Inc. - Business -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Biden's proposed tax hike would crush workers and the economy
Biden is eager for more hard-earned money from U.S. taxpayers, and he is willing to drive businesses overseas again by raising corporate tax rates.The Hill - Politics - Joe Biden -
China Is Not Just Another Trading Partner
‘I support free global trade except with countries that cheat and steal and use slave labor.’The Wall Street Journal - World - China -
Reddit shares surge as it strikes content deal with OpenAI
Agreement comes as competition for high-quality data to underpin AI models intensifiesFinancial Times - Business -
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 -
Advisers worry as social media investment scams surge
Trusted figures often used to persuade people to put money into fraudulent schemesFinancial Times - World -
Anchovies behind surge of sea lions in San Francisco
San Francisco's famed Fisherman's Wharf is seeing an unusually large number sea lions that local officials say is the largest herd of the sea mammals the area has seen in 15 years. The massive herd is snacking on an overabundance of anchovies. ...CBS News - Top stories - San Francisco -
European airlines signal surge in ticket prices is near peak
Ryanair says ticket prices will either be flat or ‘modestly’ higher this summer than 2023Financial Times - Business - Travel -
Surge in threats against top congressional aides
Top congressional aides are subjected to threats of violence regularly. A survey conducted by the nonprofit Congressional Management Foundation reveals that a large majority are feeling "anxiety and fear" about the safety of working in their jobs. ...CBS News - Top stories -
Top Japan companies agree to 5.58% average pay hike, business lobby says
Yahoo News - World - Japan -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
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 -
Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business -
Kanté in France's Euro squad despite Saudi move
France coach Didier Deschamps included midfielder N'Golo Kanté in his preliminary list of players for the European Championship on Thursday and gave a first call-up to Paris Saint-Germain forward Bradley Barcola.ESPN - Sports -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - World -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - Business -
Toronto Maple Leafs hire Craig Berube as coach, hoping veteran can turn around longtime playoff woes
Berube coached the St. Louis Blues to the Cup in 2019. The Maple Leafs have not won a title since 1967.Yahoo Sports - Sports -
Bulls hire Wes Unseld Jr. as lead assistant coach under Billy Donovan, per report
Unseld was previously the head coach of the Wizards before getting fired in JanuaryCBS Sports - Sports -
As Japan's yakuza weakens, police focus shifts to unorganized crime hired via social media
Police in Japan who were busy tracking thousands of yakuza members just a few years ago have set their eyes on a new threat: unorganized and loosely connected groups they believe are behind a series of crimes once dominated by yakuzaABC News - World -
NHL coaching carousel: Maple Leafs hire Stanley Cup champion Craig Berbube to replace Sheldon Keefe
The NHL coaching carousel is spinning quickly these daysCBS Sports - Sports - NHL -
How micro1’s AI interviewer could make tech hiring more efficient and fair
Micro1 launches AI-powered technical interviewer to help companies efficiently screen software engineering candidates, generating custom questions, conducting interviews, and providing assessment reports.VentureBeat - Tech -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business