Wages Are Not Driving Inflation Much
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What's Driving the Bond Selloff?
The yield on 10-year Treasurys jumped above 4.7%. While disappointing growth may boost hope of lower rates, the read on inflation complicates the picture.The Wall Street Journal - World -
What's Driving the Bond Selloff?
The yield on 10-year Treasurys jumped above 4.7%. While disappointing growth may boost hope of lower rates, the read on inflation complicates the picture.The Wall Street Journal - World -
What's Driving the Bond Selloff?
The yield on 10-year Treasurys jumped above 4.7%. While disappointing growth may boost hope of lower rates, the read on inflation complicates the picture.The Wall Street Journal - World -
What Is a ‘Decent Wage’? France’s Michelin Raises a Debate.
The tire maker vowed to ensure that none of its workers would struggle to make ends meet.The New York Times - Business -
Tesla's Big Rally Drives the Nasdaq Higher
U.S. stocks have rebounded in recent days, after notching their worst week in more than a year.The Wall Street Journal - World -
Southwest Quits Four Airports in Cost-Cutting Drive
The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.The New York Times - Business -
Employers are using zero-hours contracts to cut wage bills, study finds
Research by Resolution Foundation will increase calls for reform of UK workers’ rightsFinancial Times - World -
Employers are using zero-hours contracts to cut wage bills, study finds
Research by Resolution Foundation will increase calls for reform of UK workers’ rightsFinancial Times - Business -
Chipotle says it’s seen no impact yet on consumers from California wage increases
Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items.MarketWatch - Business - California -
Bird flu outbreak is driving up egg prices — again
Egg prices are jumping as an outbreak of highly pathogenic avian influenza forces producers to slaughter millions of infected birds.CBS News - Top stories -
Abortion Data Wars: States and Cities Debate How Much Information to Collect
Some states with Republican-controlled legislatures want more data, while some controlled by Democrats want less, fearing it could be used to target patients or providers.The New York Times - Health - Abortion -
TikTok could soon be sold. Here's how much it's worth.
President Joe Biden has signed legislation that could lead to TikTok being sold or banned. Here's who might buy it — and for how much.CBS News - Top stories - Tiktok -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Yellen confident U.S. inflation will continue to cool
Treasury Secretary Janet Yellen, remains confident the U.S. economy is “on a downward path for inflation” that could enable the Federal Reserve to cut interest rates in the months aheadMarketWatch - Business -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Politics -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Top stories -
Airlines must pay you back for flight cancellations, major delays. How much will you get under new rule?
Airlines will soon be required to give you money back if they cancel your flight, delay you, make major changes to the itinerary, or don't deliver your checked bags on time.The Hill - Politics -
Kid Cudi cancels tour: Ankle broken at Coachella is 'much more serious,' needs surgery
Kid Cudi cancels his Insano: Engage the Rage World Tour, saying his broken ankle is 'much more serious' than he first thought. He said he's undergoing surgery.Los Angeles Times - Entertainment -
“You get so much more choice”: How the Japanese Fender offset conquered the world
Yahoo News - World -
Rory McIlroy on expected return to PGA Tour policy board: 'I don't think there's been much progress made'
McIlroy cannot confirm whether he is on his way back to the board, but he does have plenty of motivation to make that moveCBS Sports - Sports -
Angry farmers in a once-lush Mexican state target avocado orchards that suck up too much water
As Mexico’s drought drags on, angry subsistence farmers have begun taking direct action against thirsty avocado orchards and berry fields of commercial farms that are drying up streams in the mountains west of Mexico CityABC News - World -
PGA Tour players learn how much loyalty is worth in new equity program
Players who stayed loyal to the PGA Tour in the divide with Saudi-funded LIV Golf are starting to find out how much that loyalty could be worthABC News - Sports -
USWNT legend Megan Rapinoe on WNBA's Caitlin Clark era: 'It's so much more than Caitlin'
The retired USWNT star reflected on the foundation laid for the sensation around Clark and her excitement for what's to comeCBS Sports - Sports -
A $100,000 salary no longer buys you a middle-class lifestyle. Here’s why it costs so much more now.
“We’re definitely not doing what you would think somebody with our income could do with the money,” one six-figure earner said.MarketWatch - Business -
2024 NFL Draft: Here's how much time there is between first-round picks; how it differs in each round
Teams have an allotted amount time to put their pick inCBS Sports - Sports - NFL -
Here’s how much money the top 2024 NFL draft picks will earn on their rookie contracts
Dropping a few spots can cost players millions. In 2023, Kentucky quarterback prospect Will Levis was selected much later than expected, and lost out on tens of millions of dollars.MarketWatch - Business - NFL -
2024 NFL Draft grades: Jaguars pick Brian Thomas Jr., getting Trevor Lawrence a much-needed weapon
Here's what Jacksonville is getting in the former LSU WRCBS Sports - Sports - NFL -
German retirees will get an inflation-busting pension increase this year
Germany’s Cabinet has approved a 4.57% rise in retirees’ pensionsfrom this summer, an increase that is well above the current inflation rateABC News - World - Germany -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - Business - Japan -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - World -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - World - Japan -
What the GDP Report Says About Inflation: A Hot First Quarter
Thursday’s data suggests that a widely watched inflation reading due Friday could be worse than expected.The Wall Street Journal - World -
Is another inflation scare coming? GDP seems to say yes.
A surprisingly high inflation reading in the first quarter has raised anxiety about whether a key price index in March could be worse than expected and could lower the odds of U.S. interest-rate cuts.MarketWatch - Business -
Confounding U.S. Economic, Inflation Data Muddy Fed's Rate Path
Inflation isn't dropping, productivity is high and unemployment is low, making a rate cut less likely in the near term.Inc. - Business - Federal Reserve -
Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%
The Bank of Japan kept its interest-rate target unchanged, a month after it made its first rate increase in 17 years.The Wall Street Journal - World - Japan -
10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot
Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. economic growth slowed to 1.6%.MarketWatch - Business