Us Adds 311000 Jobs Indicating Economy Still Too Hot for Fed to Ease Rate Hikes
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GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen
Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment.MarketWatch - Business - Federal Reserve -
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 -
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 -
GDP set to top 2% again, extending hot streak for U.S. economy
The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.MarketWatch - Business -
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 -
The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.The Wall Street Journal - World - Federal Reserve -
Black and Latino workers die on the job at disproportionate rates, new report shows
Black workers’ job fatality rates are the highest they’ve been in nearly 15 years, and Latino workers die on the job more than any other group, according to a new report.NBC News - Top stories -
US West seeks development of workforce, sustainable economy
Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story US West seeks development of workforce, sustainable economy As hotspots across the U.S. West strengthen their stature as hubs for technological ...The Hill - Politics -
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 -
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 -
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 - Top stories - Federal Reserve -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - Business - Federal Reserve -
Confounding U.S. Economic, Inflation Data Muddy Fed's Rate Path
Inflation isn't dropping, productivity is high and unemployment is low, making a rate cut less likely in the near term.Inc. - Business - Federal Reserve -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - 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 -
What ‘telltale signs’ will indicate Israel’s military operation in Rafah?
NBC News International Correspondent Raf Sanchez joins Meet the Press NOW to report on Israel’s latest military operations and what signs to look for that indicate an incoming Rafah military offensive.NBC News - Politics - Israel -
Jean-Philippe Mateta doubles up as Crystal Palace ease past Newcastle
It’s a question most Crystal Palace supporters and perhaps Roy Hodgson must be wondering - what would this season have been like if Eberechi Eze and Michael Olise not spent so much of it on the treatment table?. A third successive victory for ...The Guardian - World -
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 -
A message to economists: geopolitics matters too
Western policymakers ignore changing global power relations at their perilFinancial Times - World -
Slot confirms he wants Liverpool job
Arne Slot confirms that he is interested in becoming Liverpool's manager after Jurgen Klopp leaves at the end of the season.BBC News - Top stories -
America's Economy Is No. 1. That Means Trouble.
Solid growth, big deficits and a strong dollar stir memories of past crises.The Wall Street Journal - World -
Bellinger has fractured ribs; Cubs add prospect
With outfielder Cody Bellinger heading to the injured list with two fractured ribs, the Cubs called up top prospect Pete Crow-Armstrong.ESPN - Sports -
Wrexham adds matches to U.S. 'Wrex Coast Tour'
Wrexham have added fixtures against Bournemouth and Vancouver Whitecaps to their preseason "Wrex Coast Tour," the Welsh club announced on Thursday.ESPN - Sports -
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 -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
'Too early to know' if Army horses will return to duty
Two horses are in a "serious condition" after they bolted through central London on Wednesday.BBC News - Top stories -
Biden delivers remarks on the CHIPS Act and job growth
Watch live coverage as President Biden delivers remarks on how the CHIPS and Science Act are growing the economy and creating jobs.NBC News - Top stories - Joe Biden -
New U.S. military aid is finally heading to Ukraine — but is it too little, too late?
KYIV, Ukraine — Ukraine needed this.NBC News - Politics - Ukraine -
Peacock Adds 3 Million Paid Subscribers as Comcast Posts Revenue Bump
The airing of an NFL Wild Card playoff game aided subscriber growth last quarter, and net profit increased 0.6% to nearly $3.9 billion. Both beat expectations.The Wall Street Journal - World -
Copper Still Isn't a One-Way Bet
The price of the metal has surged and BHP has bid for miner Anglo American, but the bull case for the metal is a bit more complicated than it seems.The Wall Street Journal - World -
Israel aid still dividing Democrats as vote nears
Politico - Politics - Israel -
Poland rebuilding relations with Germany but still seeking reparation
Yahoo News - World -
Gold's price is high. Is it still safe to invest in?
Gold has long been thought of as a safe investment. But is it still safe after recent price growth? Find out here.CBS News - Top stories -
Jeremy Hunt defends civil service job cuts to increase defence spending
Yahoo News - World - United Kingdom -
What’s going on with the Houston Astros? And can they turn it around before it's too late?
Injuries to the rotation, underperformance from the bullpen and bad luck on offense have sunk the Astros to last in the AL West.Yahoo Sports - Sports -
The best floor fans of 2024 will keep you cool in the hot days to come
These best cooling floor fans from Dyson, Honeywell, Black+Decker and more will cool you in the months ahead.CBS News - Top stories -
What the GDP Report Says About Inflation: A Hot First Quarter
Thursday’s data suggests that a widely watched inflation reading due Friday could be worse than expected.The Wall Street Journal - World -
WWA Study Points to Role of Hot Oceans in Recent Dubai Floods
An international team of researchers found that heavy rains were intensifying in the region, though they couldn’t say for sure how much climate change was responsible.The New York Times - Science