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SKF Warns of Lower Sales
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Tyson Foods’ stock turns lower after sales miss, as chicken remains weak
Tyson Foods’ stock reversed course to trade sharply lower, after the meats company reported fiscal second-quarter sales that fell below expectations, as continued weakness in chicken and market-share losses offset a profit beat.MarketWatch - Business -
The Job Market Shifted Into Lower Gear
Also, a congressman from Texas was indicted. Here’s the latest at the end of Friday.The New York Times - Top stories -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden
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Hamas Says It Accepted a Proposed Cease-Fire, Hours After Gazans Warned to Evacuate Rafah
The evacuation notice came after talks over a cease-fire to free hostages held in Gaza faltered over the weekend.The Wall Street Journal - World -
Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushback
Shareholders have long called for such disclosure in inspection reports, in part a bid to learn which specific audits had problems.The Wall Street Journal - World -
Columbia University Cancels Main Graduation Ceremony After Protests
Police broke up pro-Palestinian demonstrations last week that had disrupted campus life.The Wall Street Journal - World -
Fed Reluctance to Cut Rates Makes Easing Harder for Emerging Markets
Central banks in Brazil and Mexico that led the global fight against inflation could now be stuck with steep interest rates due, in part, to the U.S. Federal Reserve’s reluctance to cut.The Wall Street Journal - World - Federal Reserve -
Riksbank Could Wait Until June to Start Rate Cuts
A Riksbank interest rate cut this week is now the consensus call and is 80% discounted by markets, but Danske Bank believes it will wait until June.The Wall Street Journal - World