News Updates from April 24 Us Economy Grew Less Than Expected in Q1 Microsoft and Alphabet Beat Wall Street Estimates
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US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
How Goldman grew up: 25 years since Wall Street’s elite firm went public
Lloyd Blankfein, Hank Paulson, David Solomon and others on what has changed since its seminal listing in 1999Financial Times - Business -
US economy adds 175K jobs in April, falling short of expectations
The U.S. economy added 175,000 jobs and the jobless rate ticked higher to 3.9 percent in April, according to Labor Department data released Friday. After several hotter-than-expected jobs reports, April's employment gains fell short of economists’ ...The Hill - Politics -
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.CNBC - Business -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Talent war between family offices and Wall Street drives up salaries
Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.CNBC - Business -
Stock Market Rises After Jobs Report Revives Investors’ Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.The New York Times - Business -
Top Wall Street analysts suggest these dividend stocks for income investors
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Coca-Cola and Energy TransferCNBC - Business -
Treasury yields see biggest weekly drops in months as tepid April jobs report raises rate-cut hopes
Treasury yields finished at their lowest levels in three weeks on Friday after April’s official jobs report brought the potential for a Federal Reserve interest-rate cut back to the minds of some traders.MarketWatch - Business -
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.MarketWatch - Business -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
The age of the solar sail is arriving sooner than expected
A working solar sail system creates a range of possibilities for cheap planetary missions.The Hill - Politics -
U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Microsoft Tweaks Service Terms, Bans Police From Using Its Facial Recognition AI
The software giant doesn't want its technology to be misused by law enforcement. Should people worry how others might harness Microsoft's AI power?Inc. - Business - Microsoft -
Colombia missing 'significantly' less ammo than reported by president
Yahoo News - World -
Mystik Dan wins the 150th Kentucky Derby by less than a nose
Unheralded Mystik Dan races to victory on the rail to edge Sierra Leone and Forever Young in the 150th run for the roses at Churchill Downs.Yahoo Sports - Sports -
How using ‘high dominance’ rhetoric can help Biden beat Trump
Republicans play to win, while the Democrats play not to lose.The Hill - Politics - Joe Biden -
The strange new economy of all-you-can-eat buffets
Red Lobster is in trouble but luxury feasts with unlimited steak and champagne are thrivingFinancial Times - Business -
Apex Legends Season 21's Alter Was Not An Easy Character To Add To The Battle Royale
Apex Legends Season 21 is right around the corner, kicking off next week. The new season introduces the first major map update to Broken Moon, reintroduces Solos mode, and also adds a brand-new playable legend, Alter. The mischievous, ...GameSpot - Tech -
How Belgium’s Socialists want to plug the EU’s spending gaps
Also in this newsletter: why immigration is reopening old Brexit wounds in IrelandFinancial Times - World -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World