Risk of Uk Winter Power Cuts Fades Amid Fall in Wholesale Gas Prices
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Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.CNBC - Business -
Inflation Sticking Around, Key Wholesale Price Data Show
The Producer Price Index jumped up again last month, and economists see inflation persisting, which will likely keep high interest rates in place.Inc. - Business -
How Rising Gas Prices Complicate the Fed's Inflation Strategy
Gas prices are rising faster than usual this year. WSJ’s David Uberti breaks down what’s behind the rise and how it interferes with the Federal Reserve’s goal of bringing down inflation.The Wall Street Journal - World -
How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Inflation slows in April, gas and housing prices still up in latest CPI report
The Consumer Price Index rose by 0.3% in April, a smaller than anticipated increase that signals inflation is cooling. Prices have gone up 3.4% over the last 12 months. CBS News business analyst Jill Schlesinger has more.CBS News - Top stories -
Natural Gas Futures Decline
Natural gas futures took a step back amid forecasts of mild weather.The Wall Street Journal - World -
China poses ‘genuine and increasing cyber risk’ to UK, warns GCHQ head
Anne Keast-Butler’s remarks follow alleged Beijing-related espionage activity in BritainFinancial Times - World - China -
2024 college football coach rankings: Deion Sanders falls slightly among Power Four coaches ranked 68-26
Houston's Willie Fritz makes a strong debut, while Baylor's Dave Aranda plummets after a 3-9 season in 2023CBS Sports - Sports - College Football -
GameStop shares slide as meme stock fervor fades
Shares of GameStop, AMC Entertainment and other so-called meme stocks dipped ahead of the start of trade on Wednesday.CBS News - Top stories -
This giant gas planet is as fluffy and puffy as cotton candy
Astronomers say a planet that's bigger than Jupiter is surprisingly as fluffy and light as cotton candyABC News - Tech -
Hong Kong risks losing last traces of autonomy from Beijing following UK spy probe
Yahoo News - World - United Kingdom -
Commanders cut Jake Fromm
Jake Fromm was the odd man out in Washington's crowded quarterback room.Yahoo Sports - Sports - NFL -
Thyssenkrupp Cuts Guidance Again
Thyssenkrupp again cut its sales and profit forecasts for its fiscal year after write-downs and contracts to offset carbon emissions hit its second-quarter results.The Wall Street Journal - 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 -
GameStop jumps for a second day, but ends session well off highs as meme enthusiasm starts to fade
The meme stock rally kicked off by "Roaring Kitty" continued for a second day as shares from GameStop, AMC, Blackberry and Koss soared.CNBC - Business -
Cancel Biden's Spending to Pay for Tax Cuts
It’s still possible to balance the budget and make the 2017 reform permanent.The Wall Street Journal - World - Joe Biden -
EU cuts inflation forecast for 2024 despite uncertainty
Yahoo News - World - European Union -
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 -
WSJ Dollar Index Falls 0.14% to 99.67
The dollar gave back gains made earlier on April’s unexpectedly high PPI inflation, with the WSJ Dollar Index settling down more than 0.1%.The Wall Street Journal - World -
Burberry Profit Falls as Soft Demand, Turnaround Bite
Burberry posted a decline in profit for fiscal 2024 as it kept struggling to revitalize its business through a turnaround plan against a backdrop of slowing luxury demand.The Wall Street Journal - World -
U.S. Dollar Falls as Market Awaits CPI Data
The big issue for the U.S. inflation outlook is if producers manage to pass rising costs on to consumers, Brown Brothers Harriman said ahead of the April CPI data release.The Wall Street Journal - World -
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 -
OPEC+ Potential Extension of Output Cuts Isn't Done Deal, Goldman Says
OPEC+ is expected to extend output cuts at its June meeting, but recent mixed messages from Russia and Iraq suggest no final decision has been made yet, Goldman Sachs said.The Wall Street Journal - World -
U.S. to Stop Buying Russian Uranium, Cutting Cash to Moscow
A new law accelerates the weaning of U.S. electric utilities from using Russian enriched uranium to power America’s nuclear plants.The New York Times - Top stories - Russia -
Citi executive responsible for implementing thousands of job cuts quits
Titi Cole, one of the most senior Black women in finance, departs, while outgoing PwC US head Tim Ryan joins bankFinancial Times - Business -
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 -
German skilled trades facing falling turnover and job losses
Yahoo News - World - Germany -
Treasury yields fall for second straight session after PPI revision for March
Treasury yields finished lower on Tuesday after a downward revision to the U.S. producer-price index for March took some of the sting out of the unexpectedly hotter reading for April.MarketWatch - Business -
Pregnant woman, unborn child killed by falling tree during severe weather
Three people were killed in Louisiana -- including a pregnant woman and her unborn child -- due to severe weather on Monday, officials said.ABC News - Top stories -
Paramount shares fall on report that Sony is reconsidering its bid
Shares of Paramount Global on Tuesday fell after CNBC reported that Sony is rethinking its bid for the company, the latest twist in the TV and movie producer’s merger drama.MarketWatch - Business -
Caitlin Clark finishes with 20 points as Indiana falls to Connecticut in WNBA opener
Caitlin Clark struggled early in her WNBA debut before finishing with 20 points as the Indiana Fever fell to the Connecticut Sun 92-71 on Tuesday nightABC News - Sports - WNBA -
Burberry warns of tough first-half trading as profits fall sharply
UK fashion group seeks to overhaul brand as wider luxury market suffers downturnFinancial Times - Business -
Eurozone inflation to fall faster than expected, EU says
Revised figure comes as impact of Red Sea trade disruption proves milder than expectedFinancial Times - Business - European Union -
Victoria’s Secret Fashion Show will return in the fall after four-year hiatus
Victoria's Secret said Wednesday that its once-celebrated fashion show will return after the retailer canceled it five years ago due to poor ratings and a slew of controversies.NBC News - Top stories -
Indeed to layoff 1,000 employees, cutting about 8 percent of its US workforce
Hyams said unlike last year, when the cuts were driven by cost savings, the reasoning behind the current sweep of layoffs is "because we need to simplify our organization to make it easier and faster for us to make decisions, and help us to more ...The Hill - Politics