Pennon Swings to Loss As Inflation Hits
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FirstFT: Xi meets American CEOs as businesses seek to mend China ties
Also in today’s newsletter, Trump’s Truth Social surges on stock market debut and Baltimore bridge collapse explainedFinancial Times - World - China -
Hunt: We'll keep 'triple lock' on pension increases if we win election
Chancellor Jeremy Hunt says it's an expensive commitment but one his party is confident it can deliver.BBC News - Top stories -
Bond giant Pimco favours gilts over US Treasuries amid inflationary pressure
Fund manager projects Fed will cut interest rates more slowly than other central banksFinancial Times - Business -
Inflation has hit these 3 U.S. cities the hardest. That has ‘substantial political implications,’ analyst says.
Cities experiencing more significant inflation typically have undergone rapid population growth, leading to an increased demand for goods and services, an analyst said.MarketWatch - Business -
Aluminum company says preferred site for new smelter is a region of Kentucky hit hard by job losses
Gov. Andy Beshear says an aluminum company has singled out northeastern Kentucky as its preferred site for a new aluminum smelterABC News - Top stories -
As Biden visits swing states, Trump is fundraising and playing golf
As Biden campaigns at a furious pace, Trump is behind closed doors.ABC News - Top stories - Joe Biden -
3 Steps to Sharpen Your Mental Game With Netflix's 'Full Swing'
Elite performers master their mind to build their confidence.Inc. - Business - Netflix -
Biden campaigning in swing states but still trailing Trump in some
President Biden visited five cities last week while former President Donald Trump has held only one public campaign event since mid-March. Despite that, in some swing states like Georgia, Biden is still trailing Trump in the polls. CBS News ...CBS News - Top stories - Joe Biden -
Singapore Inflation Quickened Unexpectedly in February
Inflation accelerated unexpectedly in Singapore as prices in key categories like food picked up, backing views that any potential monetary easing is still some time away.The Wall Street Journal - World -
Charity support funds loss will be 'devastating'
Support funds set up in response to the Covid-19 pandemic are due to end this month.BBC News - Top stories -
Inflation, immigration top concerns among voters: poll
Inflation and immigration are the top concerns among voters ahead of November’s general election, according to a new Harvard CAPS-Harris poll released on Monday. Thirty-six percent of voters said that immigration was the most important issue ...The Hill - Politics -
U.K. Inflation Problem Might Turn on Its Head
U.K. price inflation could switch to being too low for the Bank of England’s comfort after a couple of years of running too high, Capital Economics’ chief U.K. economist says.The Wall Street Journal - World - United Kingdom -
Japan's corporate service inflation steady in February
Yahoo News - World - Japan -
Comex Gold Settles 0.04% Higher at $2175.60
Front month Comex gold for March delivery gained 0.04% to settle at $2175.60 per troy ounce.The Wall Street Journal - World -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
Australia's February Inflation Comes in Lower Than Expected
Australia’s monthly inflation indicator came in below expectations in February, signaling that price pressures would likely continue to retreat over coming months.The Wall Street Journal - World - Australia -
How a viral $22 burrito explains inflation in the US
A San Francisco taqueria owner made waves after raising the price of a signature dish. We break down the costs – and why economists say it could be justified. Ricardo Lopez’s taqueria is famous for a melt-in-your-mouth birria recipe that takes ...The Guardian - World -
‘Having a certificate of loss proves my baby existed’
Women who have lost pregnancies before 24 weeks share their feelings about baby loss certificates.BBC News - Top stories -
Trump's legal wins and losses: 5 takeaways
Former President Trump’s legal troubles crowded in on him Monday. One court weighed the size of the bond he should have to post in his civil fraud case, while separately, the judge in his New York hush money case considered protests lodged by his ...The Hill - Politics - Donald Trump -
Suns: Loss to Wemby-less Spurs 'unacceptable'
The Suns suffered an "unacceptable" loss to the Spurs sans rookie sensation Victor Wembanyama on Monday night, coach Frank Vogel said.ESPN - Sports -
Murder victim's family 'lost without Chloe'
Chloe Mitchell's family will hold a remembrance event to mark what would have been her 22nd birthday.BBC News - Top stories -
Obama, Fearing Biden Loss to Trump, Is on the Phone to Strategize
The former president and the current one are now on the same page about Joseph R. Biden Jr.’s political future. It was not always that way.The New York Times - Top stories - Joe Biden -
Wales left to rue 'cruel' penalty shootout loss
Wales captain Ben Davies says it is "cruel" to miss out on a place at Euro 2024 via a penalty shootout defeat.BBC News - Top stories -
Has 'dire' Scotland loss dented fans' optimism?
We asked for your views on Scotland's 1-0 home defeat by Northern Ireland and the tenor of the responses was unsurprisingly negative.BBC News - Top stories - Scotland -
Wegovy will be covered by some insurers, but not for weight loss: report
Some large health insurers in the U.S. will start covering Wegovy, which has become a popular anti-obesity drug — but not for those using it to lose weight, according to a report in The Wall Street Journal.MarketWatch - Business -
How Biden can win in the swing states by learning from New York City’s subways
In 2024, the Biden campaign should flood the airwaves with characters from a variety of backgrounds talking excitedly as they look at pictures of the coming improvements in their local area made possible by the Biden administration’s success at ...The Hill - Politics - Joe Biden -
Biden now ahead or tied in 3 swing states, as Trump still leads in 4 others: poll
President Joe Biden has gained some ground versus presumptive Republican nominee Donald Trump in the U.S. states that are likely to decide this year’s White House race, according to a poll released Tuesday that focuses on seven swing states.MarketWatch - Business - Joe Biden -
Democratic Rep. Annie Kuster says she won't seek re-election in N.H. swing district
Rep. Annie Kuster, a Democrat in a competitive New Hampshire district, announced Wednesday she won’t seek re-election this year.NBC News - Politics -
Inflation here to stay? U.S. could face unstable inflation in next decade, top investment pro says
The Federal Reserve might be able to wrestle inflation down to its 2% annual goal, but it’s going to have a hard time keeping it there.MarketWatch - Business - Inflation -
Sewage hits the fan, again
Sewage spills by water companies in England more than doubled in 2023.BBC News - Top stories -
Altimmune says weight loss drug minimized muscle loss in trial results, which may set it apart
The results are a sign that Altimmune can address an area of concern around weight loss drugs, which is that they shrink critical muscle mass.CNBC - Business -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Comex Gold Settles Higher
Gold prices rose, clawing back some of Friday’s losses, with the front-month Comex contract for March settling up 0.8% at $2174.80.The Wall Street Journal - World -
Climate change driving up inflation in food prices: Study
Rising global temperatures are associated with inflation in food prices, both in regions that are already hotter and in countries outside the tropics like the U.S., according to a study published in the journal Communications Earth & Environment. ...The Hill - Politics - Climate -
S.Korea consumer sentiment dips as food inflation emerges as top election issue
Yahoo News - World -
Renting is now cheaper than owning in all of America’s 50 biggest metro areas
It’s more affordable to rent rather than buy in the top 50 metros in the U.S., according to a report by Realtor.com.MarketWatch - Business -
Flutter Entertainment posts 25% surge in sales as bet on FanDuel pays off
The gambling giant saw its losses widen due to two major impairment chargesMarketWatch - Business -
Here’s how high bitcoin has to climb to make sense in a 60/40 portfolio, according to Citi
Is it now time for 55% stocks, 40% bonds and 5% bitcoin in a portfolio?MarketWatch - Business -
India must avoid the mistakes of China and Big Tech to keep attracting investors
Recognizing its financial and political clout and adapting accordingly is the key to India’s continued growth.MarketWatch - Business - China -
Krispy Kreme soars 40% on deal with McDonald’s to sell its doughnuts nationwide
Krispy Kreme’s stock soared Tuesday, after the doughnut seller said its doughnuts will start becoming available at all of the fast-food giant’s U.S. restaurants.MarketWatch - Business