Consumer Price Index Rose 65 in December Marking the Smallest Increase of the Year
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Chipotle says it’s seen no impact yet on consumers from California wage increases
Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items.MarketWatch - Business - California -
German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
Unilever, Nestle slow price rises but the struggle for consumers remains
Both Nestle’s and Unilever updated investors on Thursday, with markets closely eyeing how the companies are handling the start of pulling back on price hikes.MarketWatch - Business -
German retirees will get an inflation-busting pension increase this year
Germany’s Cabinet has approved a 4.57% rise in retirees’ pensionsfrom this summer, an increase that is well above the current inflation rateABC News - World - Germany -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
US births fell last year, marking an end to the late pandemic rebound, experts say
The number of U.S. births fell last yearABC News - Health -
U.S. births fell last year, marking an end to the late pandemic rebound, experts say
U.S. births fell last year, resuming a long national slide. A little under 3.6 million babies were born in 2023, according to provisional statistics released Thursday.NBC News - Top stories -
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.The Wall Street Journal - World -
The WSJ Dollar Index Falls 0.2% to 100.14
The WSJ Dollar Index is down 0.2% to 100.14 — down for two of the past three trading daysThe Wall Street Journal - World -
The Meta-morphosis of Mark Zuckerberg
The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley. What’s going on?The New York Times - Tech -
Heat-Related ER Visits Rose in 2023, CDC Study Finds
As record heat enveloped the nation, the rate of emergency room visits increased compared with the previous five years, a sign of the major health risks of high temperatures.The New York Times - Health -
Microsoft Earnings Rose Last Quarter, Helped by AI Demand
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services and it spent billions on related infrastructure.The Wall Street Journal - Tech - Microsoft -
Tokyo Exchange Courts Asian Startups for IPOs
The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent gains and positioning itself as a preferred fundraising destination for companies outside Japan.The Wall Street Journal - World -
Protesters Are Demanding Colleges Divest From Israel. Here's Why That's Not Happening.
Endowment chiefs say divesting would set a questionable precedent, prove challenging and raise fiduciary questions.The Wall Street Journal - World - Israel -
Basic Materials Roundup: Market Talk
Gain insight, BASF, Air Liquide, Hochschild Mining and more in the latest Market Talks covering Basic Materials.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Auto & Transport Roundup: Market Talk
Gain insight on O’Reilly Automotive, Mullen Group, Bombardier, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Mitch McConnell Wants Military Buildup After Big Win on Ukraine Aid
The Senate minority leader is pushing to boost military spending to confront China, Iran, Russia as he prepares to leave his post.The Wall Street Journal - World - Ukraine -
Energy Department Gets Power Over Big Grid Projects
In a bid to fast track grid-infrastructure construction, the department is set to become the lead federal agency coordinating environmental approval of major transmission projects.The Wall Street Journal - World -
Colorado Bill Aims to Protect Consumer Brain Data
In a first, a Colorado law extends privacy rights to the neural data increasingly coveted by technology companies.The New York Times - Science -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - Business -
The Tricky Logistics Behind Direct-to-Consumer Strategies
Suppliers stepping up efforts to reach shoppers are having to mount costly new supply chains built to the task.The Wall Street Journal - World -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
New Jersey Rep. Donald Payne Jr. dies at 65
Rep. Donald Payne Jr., D-N.J., has died at age 65 after several weeks of being hospitalized following "a physical accident at his home on April 6," his office confirmed in a statement Wednesday.NBC News - Top stories -
Hunt defends job cuts to increase defence spending
The chancellor says cutting services will cost "a great deal less" than allowing Russia to succeed in Ukraine.BBC News - Top stories -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - World -
USWNT Olympic roster projection 2.0: Jaedyn Shaw continues her rise as Rose Lavelle's status unclear
Where do players stand with the Olympics 90 days out?CBS Sports - Sports -
Trump’s Immunity Claim Joins His Plans to Increase Executive Power
The former president is asking the Supreme Court to put the presidency above criminal law as he pursues a broader agenda of expanding the office’s power should he win the election.The New York Times - Top stories - Donald Trump -
US Rep. Donald Payne Jr. dies at 65 after a heart attack
Officials say U.S. Rep. Donald Payne Jr. of New Jersey has died after a heart attack this month that left him hospitalizedABC News - Top stories -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
New Jersey Rep. Donald Payne Jr. dies at 65
Rep. Donald Payne Jr., D-N.J., has died at age 65 after several weeks of being hospitalized following "a physical accident at his home on April 6," his office confirmed in a statement Wednesday.NBC News - Politics -
Jeremy Hunt defends civil service job cuts to increase defence spending
Yahoo News - World - United Kingdom -
New Jersey Rep. Donald Payne Jr. dies at age 65
New Jersey Rep. Donald Payne Jr. has died at the age of 65. The Democrat was first elected in 2012 to represent the state's 10th Congressional District, which includes the city of Newark. Errol Barnett has more.CBS News - Top stories -
Donald Payne, Five-Term New Jersey Congressman, Dies at 65
A Newark Democrat, he succeeded his father, who was the first Black member of New Jersey’s congressional delegation.The New York Times - Top stories -
Ukraine to increase long-range strikes in Russia, says UK defence chief
Admiral Sir Tony Radakin tells the FT fresh military aid will help Kyiv reshape ‘difficult’ land fight against MoscowFinancial Times - Business - Ukraine -
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