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Stocks, Bonds Tumble After Economic Data Release
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Biden economic advisor on April jobs data
U.S. job growth cooled in April, according to new data by the Department of Labor. Jared Berstein, the chair of the United States Council of Economic Advisers, joins CBS News with his outlook on the new numbers.CBS News - Top stories - Joe Biden -
Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.The Wall Street Journal - World -
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 -
The Economic Slowdown Is Finally Here. Welcome It.
The services sector has cooled as consumers have pulled back, putting rate cuts back on the table.The Wall Street Journal - World -
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.CNBC - Business - Apple -
Amgen ‘very encouraged’ by data from weight-loss-drug trial, as stock jumps
Shares of Amgen Inc. rallied in the extended session Thursday after the drug maker posted adjusted earnings above expectations and executives said they are “very encouraged” by preliminary data from a trial of an injectable weight-loss drug.MarketWatch - Business -
Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.MarketWatch - Business -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
Yellen argues that undercutting democracy threatens economic growth
Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.MarketWatch - Business
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Why Mike Johnson Won't Be Kevin McCarthy'd
Infighting fatigue among Republicans—and a shift by Democrats—are set to block Marjorie Taylor Greene’s effort to oust the House speaker.The Wall Street Journal - World -
The Smear Campaign Against 'Christian Nationalists'
The label is ‘assigned’ to Americans who believe there is a link between faith and freedom.The Wall Street Journal - World -
Crime and Progressive Lack of Punishment
The failure to impose penalties on bad behavior, on campus and elsewhere, produces much more of it.The Wall Street Journal - World -
Arizona Is Booming, but Restless Voters Feel Downbeat About Economy
Concerns about housing costs and immigration are unsettling President Biden’s winning coalition from 2020, but abortion turmoil is worrying Republicans.The Wall Street Journal - World -
'Third Millennium Thinking' Review: Find the Data That Matters
We’ve never been so flooded with information. Sorting it out usefully is the challenge.The Wall Street Journal - World