Federal Reserve Raises Interest Rates by A Quarter of A Percentage Point
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U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate, but the report also included more evidence that the Federal Reserve’s efforts to tame price increases have stalled.The New York Times - Top stories -
U.S. Economy Grew at 1.6% Rate in First Quarter
Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.The New York Times - Business -
Colgate-Palmolive’s first-quarter earnings beat estimates and company raises guidance
Colgate-Palmolive Co.’s stock rose 2.9% early Friday, after the consumer goods giant beat first-quarter earnings estimates and raised its guidance.MarketWatch - Business -
FTC votes to ban noncompete clauses that bar employees from working for competitors
The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.CNBC - Business -
Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to boost his productivity
Jeff Bezos doesn't time block or stick to a strict schedule to be successful and productive. Instead, he allots however much time he needs for mind wandering.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
'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 -
Here’s a rapid-fire update on all 33 portfolio stocks including our tech giants reporting this week
During the Investing Club's Monthly Meeting on Wednesday, Jim Cramer offered his updated thinking on the stocks in the portfolio.CNBC - Business -
Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.CNBC - Business -
Workers earning up to $58K a year could soon become eligible for overtime pay
The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.CNBC - Business -
Workers earning up to $58K a year could soon become eligible for overtime pay
The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Rubrik prices IPO at $32 per share, above the expected range
Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.CNBC - Business -
Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.CNBC - Business -
Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.CNBC - Business -
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
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 -
Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.CNBC - Business - China -
Nigeria’s naira rebounds sharply after bumper interest rate rises
After hitting record low against dollar, naira has become world’s best-performing currency in recent weeksFinancial Times - World -
3 things to do if interest rate cuts are delayed, according to experts
Delayed rate cuts translate to continued favorable yields on deposit accounts and Treasury bills.CBS News - Top stories -
Yen sinks to 34-year low after Bank of Japan holds interest rates near zero
Governor Kazuo Ueda says weakening currency is having ‘no major impact’ on underlying inflationFinancial Times - Business - Japan -
NatWest profits fall 27% as interest rate benefits fade
UK bank’s shares up nearly a third this year as lender moves on from scandal over closure of Nigel Farage’s accountFinancial Times - Business -
Yen sinks to 34-year low after Bank of Japan holds interest rates near zero
Governor Kazuo Ueda says weakening currency is having ‘no major impact’ on underlying inflationFinancial Times - World - Japan -
How High Wall Street Thinks the Fed Will Keep Interest Rates
Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.The New York Times - Business - Federal Reserve -
How High Wall Street Thinks the Fed Will Keep Interest Rates
Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.The New York Times - Top stories - Federal Reserve -
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 -
US economy grew less than expected in first quarter at 1.6% rate
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted marketsFinancial Times - World -
Biden dealt blow as investors scale back bets on pre-election rate cut
Markets no longer fully confident of move by September following new growth and inflation dataFinancial Times - Business - Joe Biden -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.The New York Times - Business -
Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - Business -
GDP report shows why it’s a fool’s game to bet on the Fed’s interest-rate moves
Buying stocks after the “final rate hike” in a cycle demands perfect timing.MarketWatch - Business -
Yen sinks to 34-year low after Bank of Japan holds interest rates near zero
Governor Kazuo Ueda says weakening currency is having ‘no major impact’ on underlying inflationFinancial Times - World - Japan -
I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”MarketWatch - Business -
Yen sinks to 34-year low after Bank of Japan holds interest rates near zero
Governor Kazuo Ueda says weakening currency is having ‘no major impact’ on underlying inflationFinancial Times - World - Japan -
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC 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