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U.S. Crude Oil Supplies Rise More Than Expected
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Oil prices fall after industry data points to rise in U.S. crude inventories
Oil futures are on track for a three-day losing streak.MarketWatch - Business -
Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.CNBC - Business - Amazon -
Elder fraud on the rise in the U.S.
Scams targeting people over 60 are on the rise in the U.S., with $3.4 billion being stolen just last year, according to a new FBI report. Nicole Sganga has the details.CBS News - Top stories -
Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.The Wall Street Journal - World -
Huawei's Net Profit Rose More Than Sixfold
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smartphone sales in China.The Wall Street Journal - Business -
Gilt Yields Rise Ahead of U.S. Fed Rate Decision
Gilt yields climbed ahead of the Federal Reserve interest-rate decision, when the central bank could signal that interest-rate cuts will likely come later than previously expected.The Wall Street Journal - World - Federal Reserve -
Central U.S. hit with more severe weather
After a weekend of deadly tornadoes, the central U.S. is once again dealing with severe weather, including hail, heavy wind gusts and more tornadoes. The Weather Channel meteorologist Chris Warren has the forecast.CBS News - Top stories -
Why Musk Now Needs China More Than It Needs Him
China used Elon Musk’s trip to promote its message that it is open to American businesses, despite rising tensions with the U.S.The Wall Street Journal - Business - China -
Biden forgives more than $6B in student debt for 317K defrauded borrowers
The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Arts Institutes. The 317,000 borrowers will receive the relief after it was discovered the school “falsified data, ...The Hill - Politics - Joe Biden -
Chief Technology and Chief Product Officers Earn More Than CEOs at Early Stage Startups. Here's Why
When a company is trying to scale, certain skills come at a very high premium.Inc. - Business
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Analysis: The Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage today for a summer rate cut.The Wall Street Journal - World -
S&P 500 Futures Edge Down as Interest-Rate Decision Looms
U.S. stock futures edged lower ahead of Federal Reserve decision on interest rates.The Wall Street Journal - World -
CVS Made a Big Bet on Medicare. It's Looking Risky.
The company’s Medicare business, hit by higher medical costs, pushed down CVS’s first-quarter earnings.The Wall Street Journal - World -
UCLA Violence Prompts Police Response, After Demonstrations Are Broken Up at Columbia
Footage at UCLA showed fireworks being directed at the encampment and brawls breaking out between protesters, some armed with sticks and other improvised weapons.The Wall Street Journal - World -
J&J Asks for Votes on $6.5 Billion Talc Deal Ahead of Third Bankruptcy Filing
The healthcare-products company plans to file a third bankruptcy case to resolve talc-related liabilities if enough injury claimants accept its offer first.The Wall Street Journal - World