Fed Chair Powell Bringing Down Inflation Requires Measures That Are Not Popular
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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 -
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 -
The 'Senior' Jobs That Require Little or No Experience
Many early-career jobs now come with inflated titles, and a loophole in the FTC’s new ban on noncompetes could lead to dubious promotionsThe Wall Street Journal - World -
China Orders Apple to Remove Popular Messaging Apps
WhatsApp, Signal and Telegram among apps cut from iPhone app store to comply with censorship demand.The Wall Street Journal - Tech - China -
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 -
Biden Administration Requires Airlines to Give Automatic Refunds for Canceled Flights
The Biden administration will require airlines to automatically provide cash refunds when flights are canceled and to disclose fees like checked bag costs earlier in the booking process under two new rules.The Wall Street Journal - World - Joe Biden -
TikTok ban measure signed by Biden. Here's what could happen next.
President Biden signed a foreign aid package into law that includes a potential ban on TikTok in the U.S. Here's what experts say could happen next.CBS News - Politics - Tiktok -
Billionaire tax to bolster Social Security popular in swing states
Voters in swing states are overwhelmingly supportive of taxing billionaires to support Social Security benefits, a new survey found. More than three-fourths — 77 percent — of voters across seven key swing states approved of the idea of raising ...The Hill - Politics -
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman’s David Solomon and Bank of America’s Brian Moynihan.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 -
Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy.NBC News - Top stories - Federal Reserve -
BHP's Offer for Anglo American Seems Low, Berenberg Says
Anglo American is likely to push BHP for a higher premium on the proposed takeover, with Berenberg saying the merger ratio implies a value of £25.08 a share, or a 13.7% premium to Anglo’s closing price on Wednesday, which “feels optically low from ...The Wall Street Journal - World -
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.The New York Times - Business - Federal Reserve -
US requires bird flu tests for dairy cows being moved across states
Testing of pasteurised milk from stores found genetic traces of H5N1 virus, but fragments do not indicate it contains live virus. Dairy cows being moved across states must be tested for the bird flu, under a federal order issued on Wednesday aimed ...The Guardian - World -
Arizona House votes to repeal 1864 abortion law, measure now heads to the state Senate
Earlier this month, the Arizona Supreme Court ruled that the highly-restrictive 160-year-old law that bans nearly all abortions can be enforced.CBS News - Politics - Abortion -
'Invest in these women': WNBA champion A'ja Wilson hopes Caitlin Clark's popularity helps the league grow
The five-time All-Star and two-time WNBA champion hopes to see the excitement around Clark help grow the league.CNBC - Business - WNBA -
Hybrid Work Demands a Refresh. Here's How Our Own Office Design Measures Up
To befit its hybrid model, Inc.'s parent company, Mansueto Ventures, has incorporated focus rooms, new technologies, and more into its refreshed office space. Here's what experts say about these changes.Inc. - Business -
Johnson calls for Columbia University president to ‘bring order to this chaos’
Speaker Mike Johnson addressed the ongoing protests at Columbia University, where he called for the college’s president Nemat “Minouche” Shafik to resign. The speaker was met with several “boos” from protesters throughout his remarksNBC News - Politics -
Climate change is bringing malaria to new areas. In Africa, it never left
When cases of locally transmitted malaria were found in the United States last year, it was a reminder that climate change is reviving or migrating the threat of some diseasesABC News - World - Climate -
Salesforce Einstein Copilot brings new reasoning and actions to enterprise generative AI
Salesforce Einstein Copilot generative AI is now generally available, bringing new actions and analytics to enterprise users.VentureBeat - Tech -
Climate change is bringing malaria to new areas. In Africa, it never left
When cases of locally transmitted malaria were found in the United States last year, it was a reminder that climate change is reviving or migrating the threat of some diseasesABC News - Health - Climate -
The Media Say Crime Is Going Down. Don't Believe It
The decline in reported crimes is a function of less reporting, not less crime.The Wall Street Journal - World -
Treasury yields steady ahead of U.S. GDP data that sets stage for inflation report
Treasury yields were steady Thursday ahead of pivotal data on the U.S. economy.MarketWatch - Business -
Authorities in Togo are cracking down on media and the opposition, report says ahead of election
Amnesty International says authorities in Togo have repressed the media and prevented civilians from gathering to protest peacefullyABC News - World -
Fauci to testify before Congress for the first time since stepping down
Anthony Fauci, former chief medical adviser to President Biden, will testify before the House Select Subcommittee on the Coronavirus Pandemic on June 3, making it the first time he will appear before a congressional panel since leaving government ...The Hill - Politics -
The Power Struggle Turning an Art World Legacy Upside Down
Helen Frankenthaler is poised for a blockbuster comeback. Will a “poisonous mess” within her foundation derail it all?The Wall Street Journal - World -
Biden cracks down on power plants’ climate emissions, pollution
The Biden administration on Thursday cracked down on planet-warming emissions and other pollution from power plants, aiming to make these power sources more environmentally friendly. The Environmental Protection Agency (EPA) announced on Thursday ...The Hill - Politics - Joe Biden -
Pro-Palestinian students at Columbia agreed to start breaking down their encampment after the university extended a deadline for them to leave and wind down the protests.
Pro-Palestinian students at Columbia agreed to start breaking down their encampment after the university extended a deadline for them to leave and wind down the protests.The Wall Street Journal - World -
'Dead Boy Detectives' cleverly brings Neil Gaiman's comic book sleuths to life
Netflix's 'Sandman' spinoff, based on Neil Gaiman and Matt Wagner's comic books, is centered on a pair of teenage ghost sleuths who work with London's troubled dead.Los Angeles Times - Entertainment -
Stolen son: A hostage’s mom fights to bring her child home from Gaza
Rachel Goldberg-Polin's son, 23-year-old Hersh Goldberg-Polin, was taken by Hamas on Oct. 7, 2023. In the six months since, she has become a vocal advocate in the effort to free the over 100 hostages that remain in Gaza — all while bearing the ...NBC News - Top stories -
Travel by Bike, Bring Your Own Cup: China Imposes a Frugal Life on Public Servants
Local Chinese leaders have been adjusting thermostats and using cheaper paper to heed calls from Beijing to save money.The Wall Street Journal - World - China -
Walgreens to help bring cell and gene therapies to patients as it expands specialty pharmacy services
Among the company's investments to "transform" its specialty pharmacy services is the opening of a new facility dedicated to cell and gene therapy services.CNBC - Business -
This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
Success didn't come easy for Pang Gek Teng, the 35-year-old founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand in Singapore.CNBC - Business -
Exploited, Let Down, and Unfazed: What Small-Business Owners Are Saying About the Foxtrot Fallout
Outfox Hospitality abruptly closed 33 Foxtrot locations yesterday.Inc. - Business -
Biden leans into courting union workers by bashing Trump: ‘He looks down on us’
President Biden put his strategy of appealing to union workers on display Wednesday by painting himself as more like them and less like former President Trump. Biden has spoken to crowds of union workers twice in the past week, using each occasion ...The Hill - Politics - Joe Biden -
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platformsABC News - Tech -
Why ‘Call Her Daddy’ Host Alex Cooper’s Dad Didn’t Walk Her Down the Aisle
Yahoo News - World -
Search ongoing for man who may have taken homemade raft down Colorado River
Authorities are searching for a man and his corgi after they went missing at the Grand Canyon National Park while possibly trying to travel the Colorado River on a homemade wooden raft.NBC News - Top stories -
Dozens arrested in California and Texas as campus administrators move to shut down protests – live
More than 60 people, including a journalist, arrested at University of Southern California and University of Texas at Austin. Campus protests: full storyMike Johnson, the Republican House speaker, will visit Columbia University today to speak to ...The Guardian - World - California -
Hamas official says group would lay down its weapons if a two-state solution is implemented
A top Hamas political official has told The Associated Press the Islamic militant group is willing to agree to a five-year truce with Israel and that it will lay down its weapons and convert into a political party if an independent Palestinian ...ABC News - World