News Updates from July 3 Fed Minutes Show Slowing Inflation Us Stocks Close at Record Highs for Second Straight Day
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Financial Times - World
Indonesia’s Prabowo sparks spending concerns with $28bn free school meals plan
Incoming president considers enlarged government and increased borrowing in break with predecessor Widodo -
Financial Times - World
FirstFT: Democratic governors back Biden
Also in today’s newsletter, a $2.65bn luxury department store deal and Goldman lobbies to change Fed’s stress test resultJoe Biden -
Financial Times - World
Belarus opposition calls for Brussels to protect stateless exiles
Also in this newsletter: How mafia organisations are infiltrating local governments in Italy -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
Financial Times - World
A wild and woolly time awaits on the opposition benches
Tactical voting has ensured success for the Lib Dems and the Greens -
Financial Times - World
South Africa’s Eskom expects fresh loss as it keeps lights on
State-owned utility manages 100 days without power cuts -
CNBC - Business
3 ways artificial intelligence could drive Microsoft stock past its record highs in 2024
Shares of the tech giant surged to an all-time high Friday. -
The Wall Street Journal - World
Global stocks rose, while U.S. index futures were mixed after the S&P 500 and Nasdaq closed at records Wednesday. U.S. stock and bond markets were closed for the Independence Day holiday.
Global stocks rose, while U.S. index futures were mixed after the S&P 500 and Nasdaq closed at records Wednesday. U.S. stock and bond markets were closed for the Independence Day holiday. -
Financial Times - World
Fed officials wanted ‘greater confidence’ that US inflation was cooling
Minutes of June meeting showed some officials were concerned about effect of high rates on job marketFederal Reserve -
CNN - Top stories
US job growth slowed in June, latest employment data shows
Live coverage of the June jobs report has now ended. The US economy added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to the Bureau of Labor Statistics. -
ABC News - World
Japan's Nikkei 225 benchmark closes at a fresh record high of 40,913.65, pushing past its record close set in March
Japan's Nikkei 225 benchmark closes at a fresh record high of 40,913.65, pushing past its record close set in March -
MarketWatch - Business
Why stocks will be the best bet for your money if the Fed can’t get inflation down
Investing for retirement, college and other longer-term goals should favor stocks over bonds.Federal Reserve -
NBC News - Top stories
S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes
The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.Federal Reserve -
The Hill - Politics
Fourth of July cookout costs hit record high: Survey
Inflation concerns are hitting the holiday table, with average Fourth of July cookout costs expected to soar to their highest level ever, according to new research. This year’s American Farm Bureau Fourth of July market basket survey found that ... -
ABC News - Top stories
Open on July 4th: Retailers and airlines. Closed: Government, banks, stock market
The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776, a document announcing the colonies’ separation from Great Britain -
The Hill - Politics
Dozens of US beaches closed or hit with swimming advisories on July Fourth
Dozens of beaches in the U.S. are closed or under swimming advisories on the Fourth of July, as a result of high levels of bacteria in the water. Local and state governments have issued warnings about shores in their own areas but there is no ... -
CNBC - Business
10 things to watch in the stock market Wednesday after the S&P 500's record close
U.S. stock futures are little changed after the S&P closed above 5,500 for the first time on Tuesday. -
CNBC - Business
SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
SoftBank shares have been boosted by the improved financial performance in the Vision Fund and by a rally in the stock of chip designer Arm. -
NBC News - Top stories
Fed says inflation is moving in the right direction
Federal Reserve officials indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates.Federal Reserve -
The Wall Street Journal - World
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates. -
CBS News - Top stories
"CBS Evening News" headlines for Friday, July 5, 2024
Here's a look at the top stories making headlines on the "CBS Evening News" with Adriana Diaz. -
The Hill - Politics
Will the Fed hit its inflation target by 2025? Don’t bet on it.
Treasury Secretary Janet Yellen expressed optimism that the Federal Reserve Board's 2 percent inflation target might be achieved by 2025, but other forecast groups show a less optimistic outlook, with inflation expected to remain above 2 percent ...Federal Reserve -
Financial Times - World
Slow and steady is a virtue in this US IPO recovery
One upshot is that companies considering a listing have to be more conservative in their pricing -
BBC News - Top stories
One PM out and another in... the day in 60 seconds
Key moments as Sir Keir Starmer enters 10 Downing Street following Labour's landslide election win. -
MarketWatch - Business
Saudi Arabia cuts Asia oil prices for second straight month
Looking at other importing regions, the oil producer instead increased its August prices for all grades for customers in northwest Europe and the Mediterranean. -
The Wall Street Journal - World
Turkish Inflation Moves Past Peak as High Rates Begin to Pay Off
Turkish consumer inflation looks to have begun a strong downward slide, says Bartosz Sawicki, market analyst at fintech Conotoxia.Turkey -
CBS News - Top stories
New CBS News poll shows voters from both parties concerned about Biden's age following debate
A new CBS News poll shows voters from both parties are concerned if President Biden can handle another term, with three-quarters of voters saying he should not run for office again following last week's debate. A large majority cite his age as ...Joe Biden -
NBC News - Top stories
July 4 travel hitting a record thanks to lower gas prices, humming economy
Travelers heading out for the July 4 holiday can expect plenty of company this year. -
The Wall Street Journal - World
Britain Moves Left, but How Far?
The ruling Tories are repudiated, as the Labour Party wins a huge majority but with vague plans.United Kingdom -
The Wall Street Journal - World
Cooler U.S. Job Creation Pushes Gold Back Toward $2,400/Oz
The June jobs report lifted gold futures toward their highest levels in nearly a month. -
The Wall Street Journal - World
Netflix, U.S. Companies Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
An industry group representing Netflix, Walt Disney and other U.S. streaming companies has asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news and ... -
The Wall Street Journal - World
Iran's Election Features a Reformer, a Hardliner and a Crisis
The presidential election runoff presents a stark choice between an anti-Western hard-liner and a reformist.Iran -
The Hill - Politics
Recap: Biden dodges questions on his mental fitness in Stephanopoulos interview
President Biden sat with ABC News for an interview Friday in response to a poor debate performance that has left Democrats reeling and looking for a new party leader. The interview, conducted by George Stephanopoulos, aired on ABC in a half-hour ...Joe Biden -
CBS News - Top stories
What's open and closed on July 4th?
Grocery stores like Food Lion, Kroger, Publix and Whole Foods will be open on Independence Day but Costco, FedEx and UPS will be closed.US Open -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
MarketWatch - Business
Is the stock market open on July 4 (and July 5)?
Expect plenty of closures on Independence Day, but some stores will be open. -
ABC News - Sports
Reds' Ashcraft wins 5-minute standoff with Yankees even before Cincinnati completes 3-game sweep
Graham Ashcraft and the Cincinnati Reds won a stare down with the New York Yankees even before finishing their three-game sweepMLB -
CBS News - Top stories
FDA approves new treatment to slow progression of early Alzheimer's
The FDA approved a new Alzheimer's treatment called donanemab on Tuesday. It is designed to help patients in the early stages of the disease. CBS News chief medical correspondent Dr. Jon LaPook explains what to know.FDA -
Financial Times - World
India’s ‘passion for gold’ fades as prices hover near record high
Some brides switch to artificial jewellery, although richest consumers have not been put off -
The New York Times - World
Starmer Becomes U.K. Prime Minister After Labour Party Landslide
Labour’s resounding election victory ended 14 years of Conservative government. But a fragmented vote and low turnout pointed to a deeply unhappy Britain.United Kingdom