Key Inflation Measure Shows Wholesale Prices Fell Last Month
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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 -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
This chart shows why Biden is struggling with a key demographic
Unemployment has spiked among a demographic that is key to President Joe Biden’s re-election prospects: America’s youth.MarketWatch - Business - Joe Biden -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
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 -
UK grocery inflation falls to ‘more normal levels’, sector data shows
Kantar figures indicate prices rose 2.4% in the four weeks to mid-May, down from 3.2% the previous monthFinancial Times - Business - United Kingdom -
Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut
“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.MarketWatch - Business -
Fed Governor Waller wants 'several months' of good inflation data before lowering rates
Fed Governor Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.CNBC - Business - Federal Reserve -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
China's sweeping measures to prop up the property sector will need time to show results
China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.CNBC - Business - China -
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgetsABC News - Top stories -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - Business -
Trump trusted more than Biden on inflation, a top issue for voters, poll shows
Eighty-five percent of people surveyed said inflation is an important issue, and most trust Trump more than Biden to deal with it.ABC News - Top stories - Joe Biden -
Hot history: Tree rings show that last northern summer was the warmest since year 1
A new study finds that the broiling summer of 2023 was the hottest in the Northern Hemisphere in more than 2,000 yearsABC News - Health -
Biden and Trump fire up bases as new poll shows Trump ahead in 2 key states
Election day is 24 weeks away, and the 2024 race for president is heating up as both candidates fire up their bases. Weijia Jiang has highlights from a weekend on the campaign trail along with the findings of a new CBS News poll in the key states ...CBS News - Politics - Donald Trump -
Measurement matters
Real rentals, fast food and awkward adjustments in an inflation index near youFinancial Times - World -
Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
Funeral for boy, 5, who fell from block of flats
"Beautiful and caring" Aalim Makail, who died on Thursday, was buried at a local mosque on Saturday.BBC News - Top stories -
Macy’s stock rises as sales beat views, thanks to Bloomingdale’s and Bluemercury
Macy’s stock rose Tuesday, after the department store chain reported fiscal first-quarter results that fell from a year ago but that beat expectations, and nudged up its full-year outlook.MarketWatch - Business -
House approves measure condemning 'calls to defund the police'
The House approved a resolution Friday that condemns “calls to defund the police,” taking aim at the rallying cry embraced by some progressives amid the Black Lives Matter movement. The chamber approved the four-page measure in a 337-61 vote, with ...The Hill - Politics -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
Democrats' Last Chance to Dump Biden?
If Kennedy is permitted on the debate stage he could audition for Democrats before their nominating convention.The Wall Street Journal - World - Joe Biden -
This Pride Month, Companies Must Decide: Are They Truly Committed?
Despite the recent DEI backlash, many companies are moving forward with Pride Month celebrations. Here are three tips for honoring the occasion.Inc. - Business -
US warns of possible Pride Month attacks worldwide
The warning comes one week after a similar alert from the FBI and Department of Homeland Security.BBC News - Top stories -
Kingdom Hearts Series Will Arrive On Steam Next Month
Square Enix has announced that the Kingdom Hearts franchise will finally come to Steam. The full Dark Seeker Saga starring Sora, Donald, and Goofy will come to Valve's storefront on June 13--which is less than a month away.Previously, the Kingdom ...GameSpot - Tech -
House Republicans introduce measure to overturn nursing home staffing rule
House Republicans have introduced a Congressional Review Act resolution to overturn the Biden administration’s minimum staffing requirement for nursing homes. Under the requirements unveiled last month, all nursing homes that receive federal ...The Hill - Politics - Republican Party -
Columbia faculty group passes no-confidence measure on school's president
Columbia University’s Faculty of Arts and Sciences approved a vote of no confidence Thursday against university President Minouche Shafik over her handling of the recent pro-Palestinian protests on campus. The vote, organized by the school’s ...The Hill - Politics -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.CNBC - Business - China -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help developers get more funding to finish construction on pre-sold properties.NBC News - Top stories - China -
How Caitlin Clark’s W.N.B.A. Salary Measures Up Across Sports
Unless the league’s finances change significantly, Clark’s salary might never reflect what stars of her magnitude typically earn.The New York Times - Sports -
Youngkin Vetoes Measures to Remove Tax Breaks for Confederate Heritage Group
The Virginia governor rejected efforts by the state’s Democrats to reshape the Commonwealth’s relationship with its Confederate past.The New York Times - Top stories -
House set to tackle Israel weapons pause, aviation measures this week
Politico - Politics - Israel -
Nevada abortion rights groups submit signatures to advance ballot measure
A proposed amendment to enshrine access to abortion in Nevada’s constitution is one step closer to appearing on the battleground state's November 2024 ballot.NBC News - Top stories - Abortion -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
Food price rises 'returning to normal'
Grocery price inflation falls to its lowest since October 2021 but shoppers are still buying own-brand goods.BBC News - Top stories -
Comcast releases pricing on 'StreamSaver' bundle
Comcast has made details public on how much its planned streaming bundle will cost consumers. For $15 a month, customers will get access to Peacock, Netflix and Apple TV+, the company announced Tuesday. No annual contract will be required, and the ...The Hill - Politics -
113-year-old tower in Death Valley National Park felled by traveler trying to get vehicle out of mud
A historic wooden tower was inadvertently felled by a traveler who used it to winch a vehicle stuck in mud in California's Death Valley National Park, federal officials said.NBC News - Top stories -
My summer of love and lust: I fell for a Ukrainian rocker – but was I just a groupie?
For one memorable season in the 90s, I travelled with a group called Colney Hatch. It gave me a fleeting but fascinating window into the treatment of women who are ‘with the band’. ‘Everyone knows you would do absolutely anything for him. You can ...The Guardian - World - Ukraine -
Georgia QB Jaden Rashada sues Florida coach Billy Napier and booster over NIL deal that fell apart in 2022
Rashada was allegedly promised over $13 million to sign with the Gators out of high school.Yahoo Sports - Sports - Florida