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Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated.The Wall Street Journal - World -
Credit Agricole to Meet Targets Early
Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year.The Wall Street Journal - World -
Errors on credit reports are an ‘epidemic’ — but nearly 25% of Americans can’t access their credit reports to check for mistakes, consumer advocates say
Credit reports are supposed to be available for free every week, but many consumers can’t get to their data, a Consumer Reports study found.MarketWatch - Business -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - World -
Medical Debt Shows Up Less Often on Credit Reports
But the Consumer Financial Protection Bureau said 15 million people still had medical bills in their files, which can make it hard to qualify for loans.The New York Times - Business -
Biden administration grants flexibility for automakers in EV tax credit rule
The Biden administration on Friday granted automakers some flexibility on qualifying for electric vehicle tax credits. The new final guidance, issued as part of the 2022 Inflation Reduction Act, incorporates a two-year exemption to provisions of ...The Hill - Politics - Joe Biden -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
The No. 1 credit card myth that 'just will not seem to die'—why you shouldn’t fall for it
Believing this myth about credit cards could actually harm your credit score in the long run. Here's why people tend to fall for it anyway.CNBC - Business -
US loosens some EV battery rules, potentially increasing tax credit eligibility
The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500ABC News - Top stories
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Cocoa Prices Slump as Monthslong Rally Turns Bitter
Cocoa prices fell sharply this week, with liquidity drying up and trading growing volatile as buyers balk at high expenses.The Wall Street Journal - World -
Israel Gives Hamas a Week to Strike a Deal or Rafah Offensive Will Begin
Hamas’s Gaza chief hasn’t responded to a cease-fire proposal presented last weekend.The Wall Street Journal - World - Israel -
He's the Fastest Horse in the Kentucky Derby---When He Decides to Show Up
Fierceness is the favorite to win the Run for the Roses. But when things haven’t gone his way, he’s burned a lot of money with disappointing efforts.The Wall Street Journal - World -
'Follow Your Dreams' and Other Terrible Career Advice
Want to make a strong professional start? Be open to every opportunity and embrace the lowliest tasks.The Wall Street Journal - World -
Questions Potential Business Partners Should Ask Themselves
Starting a new company with somebody requires a hard conversation. Better now than later.The Wall Street Journal - World