Here S What the Fed Chair Said This Week and Why It Matters
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Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
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 -
Police charged the suspect in the shooting of Slovakia's Prime Minister Fico with attempted murder, in what the government said was a lone-wolf attack without political affiliation.
Police charged the suspect in the shooting of Slovakia’s Prime Minister Fico with attempted murder, in what the government said was a lone-wolf attack without political affiliation.The Wall Street Journal - World -
The U.S. Is Making Marijuana a Schedule III Drug. Here’s What That Means.
A new federal rule would reclassify marijuana as a less-dangerous, Schedule III drug. It’s a significant shift, even as it does not legalize the drug.The New York Times - Top stories -
Do dogs need sunscreen? Here’s what vets say
Dog sunscreen protects pets from sunburn, skin cancer and sun damage. What kind of sunscreen is best for dogs, according to vets? Can I put human sunscreen on my dog?NBC News - Top stories -
Tesla must climb ‘Mount Everest’ to win shareholder vote, chair warns
FT Exclusive: Robyn Denholm outlines stakes for carmaker and says the idea she is too close to Elon Musk is ‘crap’Financial Times - Business - Tesla -
FirstFT: Tesla faces difficult task to win shareholder vote, chair warns
Also in today’s newsletter, the threat to oil from Canadian wildfires and British firm loses $25mn in deepfake scamFinancial Times - World - Tesla -
I spent years studying American communism. Here’s what I learned | Maurice Isserman
I was struck by the mystery of why so many intelligent and admirable people remained so loyal for so long to a fundamentally flawed movement. I’ll leave it to future historians to puzzle out the reasons why, but in the second decade of the 21st ...The Guardian - World -
Hamas Took More Than 200 Hostages From Israel. Here's What We Know.
Israel says 128 hostages abducted on Oct. 7 remain in captivity in Gaza, including the bodies of at least 38.The Wall Street Journal - World - Israel -
South Africa's election could bring a defining moment — and new complications. Here's what to know
Yahoo News - World -
German far-right AfD leaders say lawmaker raids are 'serious matter'
Yahoo News - World - Germany -
Texas pardons man who shot Black Lives Matter protester
Daniel Perry shot an armed protester in Austin during a protest in the wake of the murder of George Floyd.BBC News - Top stories -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Texas Governor Pardons Daniel Perry in 2020 Black Lives Matter Protest Shooting
The man, Daniel S. Perry, was convicted of killing a protester during a Black Lives Matter demonstration in Austin.The New York Times - Top stories -
Texas governor pardons man who killed Black Lives Matter protester in 2020
Greg Abbott on Thursday pardoned Daniel Perry, who has been serving a 25-year sentence since 2023 murder conviction. Governor Greg Abbott of Texas issued a full pardon on Thursday to a former US army sergeant convicted of murder for fatally ...The Guardian - World -
Texas Gov. Greg Abbott pardoned a man convicted of murdering a Black Lives Matter protester in Austin in 2020.
Texas Gov. Greg Abbott pardoned a man convicted of murdering a Black Lives Matter protester in Austin in 2020.The Wall Street Journal - World -
The Israeli military said that five of its soldiers were killed by friendly fire from an Israeli tank in Gaza.
The Israeli military said that five of its soldiers were killed by friendly fire from an Israeli tank in Gaza.The Wall Street Journal - World - Israel -
When Form(s) Follows Function
Since 2009, the creators at Forms have been making unusual and sculptural pieces. The latest inspiration? A Japanese shakudo buckle.The New York Times - Lifestyle -
Gold Prices Rise as U.S. Inflation Data Boosts Rate Cut Hopes
Gold rose on renewed hopes for Federal Reserve interest-rate cuts, after U.S. inflation eased slightly in April in line with expectations.The Wall Street Journal - World -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Long-end bond yields edge higher ahead of comments by Fed’s Waller
Bond yields edged higher at the long end on Friday as investors awaited comments from Federal Reserve policymakers.MarketWatch - Business