Eurozone Inflation Falls As Core Rate Drops
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Australian Government's Budget Bets On Rapid Fall In Inflation
Australian Treasurer Jim Chalmers has framed the center-left Labor government’s 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.The Wall Street Journal - World - Australia -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
Powell hints at rates staying high as Fed continues inflation fight
Financial Times - Business - Federal Reserve -
Alibaba shares fall 7% after the Chinese tech giant posts 86% drop in profit
Alibaba posted a beat on revenue in its fiscal fourth quarter ended March, but the Chinese e-commerce giant's net profit plunged.CNBC - Business -
Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.CNBC - Business -
Inflation’s rental risks
The US and UK need to see a moderation in the price of home leasesFinancial Times - World -
Wholesale inflation surges again, PPI shows, leaving Inflation still sticky
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.MarketWatch - Business - Inflation -
Inside the rise and fall of Ashley Madison: ‘People literally lost their lives’
A new Netflix docuseries explores how the site that enabled married people to have affairs devolved into chaos back in 2015. In theory, the internet promised, among other things, a solution to the age-old conundrum of finding a date. If you wanted ...The Guardian - World -
Stocks Rise Amid Mixed Signals on Inflation
Stocks edged higher after the producer-price index rose more than expected in April but data for the prior month was revised lower.The Wall Street Journal - World - Inflation -
Stocks Climb With PPI Inflation Data in Spotlight
Stocks edged up after the latest inflation reading came in hotter than expected, while bond yields moved lower.The Wall Street Journal - World - Inflation -
Argentina monthly inflation seen back in single digits in April
Yahoo News - World -
Inflation Is Still a Big Problem for Small Businesses--but There's Cause for Hope
While high costs remain a cause for concern for small companies, there's some good news when it comes to pricing and sales.Inc. - Business -
Gold Futures Gain as Investors Turn Cautious Ahead of U.S. Inflation Data
Gold futures gained after investors adopted a cautious stance ahead of critical U.S. inflation data releases this week.The Wall Street Journal - World -
Suns hire Budenholzer, Nuggets take over & Knicks falling apart | Good Word with Goodwill
Vincent Goodwill is joined by Jake Fischer to recap the NBA Playoffs action from the weekend before talking with Krysten Peek about the 2024 NBA Draft.Yahoo Sports - Sports - NBA -
Home Depot’s sales fall short of estimates as spring selling season sees delayed start
Home Depot Inc.’s stock fell 0.2% early Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but sales fell slightly short as the spring selling season got off to a delayed start.MarketWatch - Business -
Cramer says new AI technology can't help bring down inflation just yet
CNBC's Jim Cramer on Monday said he is hopeful new AI technology will cut costs, but it will not help lower interest rates any time soon.CNBC - Business -
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed ...ABC News - Top stories -
Powell says he expects inflation to move down but isn’t completely confident in this forecast
Federal Reserve Chair Jerome Powell said Tuesday that he sees inflation retreating in the coming months.MarketWatch - Business -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
Plans to criminalise UK rough sleepers dropped after backlash
Measures would have seen homeless people prosecuted for ‘excessive smell’Financial Times - Business - United Kingdom -
Harris drops "F-bomb" while encouraging Asian Americans to break barriers
Vice President Kamala Harris was participating in a conversation moderated by actor and comedian Jimmy O. Yang.CBS News - Politics -
Childish Gambino drops 'Atavista,' the 'finished version' of '3.15.20,' and announces tour
Childish Gambino (a.k.a. Donald Glover) released the 'finished' version of his 2020 album '3.15.20' on Sunday as 'Atavista' and will take the music on a world tour.Los Angeles Times - Entertainment -
Rangers drop 2 in row, to 'see what we're made of'
Rangers captain Jacob Trouba said New York's failure to close out the Hurricanes at home in Game 5 presents an important character test for his team.ESPN - Sports -
NWSL Power Rankings: KC Current remain undefeated, Bay FC drop
KC Current keep going strong and remain top, while Bay FC drop down in our NWSL Power Rankings.ESPN - Sports -
Conservative outside group drops $70M on Senate Democrats in battlegrounds
Politico - Politics -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
Oil declines with OPEC forecast unchanged, as traders weigh the interest-rate outlook
Oil futures move lower on Tuesday, giving back part of the gains seen a day earlier, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged.MarketWatch - Business