Chinese Shares Mostly Lower Inflation Data Awaited
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S&P 500 Futures Edge Up; Gold Prices Rally
S&P 500 and Nasdaq-100 futures advanced slightly while Asian and European markets were mostly up.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 -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
Boil water notice mostly lifted in Devon
South West Water says about 2,500 homes will have to keep boiling water due to a parasite.BBC News - Top stories -
Infected blood scandal victims betrayed by cover-up, inquiry says
Thousands were infected with HIV and hepatitis C by contaminated blood products and transfusions.BBC News - Top stories -
Israeli airstrike kills 27 people in central Gaza, mostly women and children
Fighting raged in the north as Israeli leaders argue over who should govern GazaABC News - World - Israel -
Vermont makes waves on data privacy
The Hill's weekly technology news digest. {beacon} Friday, May 17, 2024 Welcome to Tech Friday, a new joint project of The Hill and Pluribus News covering tech policy across government. Sign up to receive The Hill's newsletters here. Rather ...The Hill - Politics -
A misguided move on Chinese tariffs
New Biden levies on Beijing undermine the global economy and the climate transitionFinancial Times - World -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
European airlines signal surge in fares is near peak
Ryanair says ticket prices will either be flat or ‘modestly’ higher this summer than 2023Financial Times - Business - Travel -
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.NBC News - Top stories -
‘We are not expendable’: UK infected blood victims await justice
Final report of public inquiry will seek to bring closure to dark chapter of British medical history next weekFinancial Times - World - United Kingdom -
Bipartisan group of senators unveil long-awaited guidance on AI bills
Politico - Politics -
Dominican Republic President Luis Abinader heads to reelection as competitors concede early
Dominican Republic President Luis Abinader is headed to a second term following general electionsABC News - World -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
Tua Tagovailoa has been mostly absent from Dolphins activities as Miami QB looks for big next contract
Tagovailoa has skipped most voluntary OTAs over the past month as team prepares for him to play on fifth-year-optionCBS Sports - Sports - NFL -
Divesting shares: does it work?
Offloading shares for moral reasons needs to be part of an overarching strategyFinancial Times - World -
Chinese ambassador promises 'friendship' as 2 Chinese warships dock in Cambodia
Two Chinese warships have docked at a commercial port in Cambodia, in preparation for joint naval exercises between the two countriesABC News - World - China -
Inside Britain’s Chinese student boom
Universities are increasingly reliant on a growing cohort. What does it mean on campus and off?Financial Times - World - China -
Case Against Lodi, a Top NYC Restaurant, Could Lower Barriers to Unions
The National Labor Relations Board says the management at Lodi unlawfully fought a union drive. If the allegations are upheld, the board could force the company to bargain.The New York Times - Top stories -
Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.MarketWatch - Business -
Natural Gas Up Amid Lower-Than-Expected Inventory Build
Natural gas prices rose for a second consecutive day as U.S. storage grew less than expected.The Wall Street Journal - World -
Scholz says budget consultations 'on track' after lower tax estimate
Yahoo News - World -
Target announces lower prices for 5,000 popular items heading into holiday weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.MarketWatch - Business -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
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 -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
Playing status of Seattle Storm's Nika Mühl is 'questionable' as rookie awaits professional visa approval
The recent UConn graduate has yet to make her WNBA regular season debutCBS Sports - Sports -
A Chinese Truck Company Is Diving Into Eight-Cylinder Motorcycles
Yahoo News - World -
Chinese Regulator Flags Synopsys Acquisition of Ansys
The chip software maker disclosed in a regulatory filing that China’s State Administration for Market Regulation took the position that Synopsys must have the tie-up cleared by regulators before it can go forward.The Wall Street Journal - Business -
Are the US and Chinese economies really about to start ‘decoupling’?
Experts say Biden’s tariffs on Chinese clean tech goods are not the trade-war move some fearFinancial Times - Business -
Chinese Firms Face Authoritarianism at Home and Hostility Abroad
The experience of TikTok’s owner, ByteDance, in Beijing and Washington shows how much the ground has shifted for China’s entrepreneurs.The New York Times - Business -
Some data in the market-moving CPI report was released early by the Labor Department
Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website.CNBC - Business -
The end of centralized data? Samsung teams with Expanso on distributed processing
Enables teams to analyze data in situ, reducing the operational overhead of replicating data centers or managing data movement between cloudsVentureBeat - Tech -
Snowflake invests in Metaplane to solve data quality issues plaguing AI development
The investment in Metaplane will enable Snowflake customers to closely monitor the quality of their data assets moving through different stages of the pipeline to power downstream applications.VentureBeat - Tech -
Weka scores $140M to supercharge AI workloads with ‘dynamic data pipelines’
With this funding, Weka will augment its cash reserves from previous rounds and work towards scaling the business to meet the demand for AI infrastructure in the wake of the generative AI boom.VentureBeat - Tech