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Lahart's Take: 'Catch-Up' Inflation Categories Might Be Destined to Cool, But That Doesn't Mean They Don't Hurt
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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 -
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 -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
When an Eel Takes a Bite Then an Octopus Might Claim an Eyeball
Videos filmed by divers show that choking, blinding and sacrificing limbs are all in the cephalopods’ repertoire.The New York Times - Science -
North Carolina Wants to Make a Big Change to Mask Rules. What It Might Mean for You
Even if you don't have employees in North Carolina, be cautious -- they aren't the only state reverting to pre-Covid mask bans.Inc. - Business -
GTA 6 Release Date "Probably Doesn't Matter," Anticipation Reaches "Fever Pitch" - Take-Two
As part of Take-Two's latest earnings briefing, CEO Strauss Zelnick discussed Grand Theft Auto VI's release window and commented on how he's observed a "fever pitch"-level of excitement for the game.. Asked if there is a benefit to releasing GTA ...GameSpot - Tech -
Glynn's Take: RBA Gov. Bullock Alone in Fight to Tame Inflation
Reserve Bank of Australia Gov. Michele Bullock will have realized this week that she is now on her own when it comes to getting inflation down.The Wall Street Journal - World -
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 -
'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.CNBC - Business -
These are the top 2024 summer vacation destinations
A group representing major U.S. airlines predicts a record number of travelers this summer. Christie Hudson, head of public relations and a travel expert for Expedia, joins CBS News to break down the top vacation destinations this year.CBS News - Top stories
More from The Wall Street Journal
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One Dead, Others Injured as Singapore Airlines Flight Hit Turbulence
One person died and others were injured aboard a Singapore Airlines flight that encountered turbulence en route from London to its intended destination of Singapore, the airline said.The Wall Street Journal - World -
Singapore's MAS Steps Up Green Finance Partnership With China's Central Bank
Singapore’s central bank separately announced plans to sell up to US$1.9 billion of sovereign bonds to fund environmental projects.The Wall Street Journal - World - China -
Crypto Prices Extend Gains; Retail Earnings Due
Stock futures were little changed after Nasdaq Composite on Monday hit its ninth record of the year and the Dow retreated a bit from the 40000 milestone.The Wall Street Journal - World - Crypto -
GSK Sees Positive Trial Results For Potential Blockbuster Drug
GSK said two late-stage trials of an asthma drug that could have peak sales of almost $4 billion met their goals.The Wall Street Journal - World -
XPeng's First-Quarter Net Loss Narrows on Higher Revenue
The Chinese carmaker reported a narrower net loss in the first quarter on a steep rise in revenue and guided for higher second-quarter vehicle deliveries.The Wall Street Journal - World