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US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Bill Gross Says Stick to Value Stocks, Avoid Tech as Treasury Yields Soar: Bill Gross offered some advice to investors as Treasuries and equities slumped ...
bloomberg.com/news/articles/2024-04-25/bill-gross-says-stick-to-value-over-tech-as-us-yields-soar
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The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
Gold Continues to Boom. The Major Buyer: Central Bankers: Central banks have long been supporting players in the demand for gold. But the sanction on dollar ...
on.barrons.com/3xSUbhu
The Dream of Fed Rate Cuts Is Slipping Away: Investors are backing away from expectations that the central bank can reduce rates in coming months ...
wsj.com/economy/central-banking/the-dream-of-fed-rate-cuts-is-slipping-away-55903ca5
How strong is India’s economy?: It isn’t the next China, but it could still transform itself and the world
economist.com/leaders/2024/04/25/how-strong-is-indias-economy
Traders See Cocoa Rally Top $15,000 on Lingering Supply Shortage: Cocoa prices have been on a tear this year and the rally may have even more room to run as bean ...
bloomberg.com/news/articles/2024-04-25/traders-see-cocoa-rally-top-15-000-on-lingering-supply-shortage
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
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Household Debt Hits Record High As Indians Splurge, Study Shows: India’s household debt likely surged to a record in the final three months of last year ...
bloomberg.com/news/articles/2024-04-25/household-debt-hits-record-high-as-indians-splurge-study-shows
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Here's Who's Winning the Global Fight for AI Talent: Inside the competition for top-tier researchers.
bloomberg.com/news/articles/2024-04-25/here-s-who-s-winning-the-global-fight-for-ai-talent
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US TikTok Divest-or-Ban Bill Raises Questions of How China Will Respond: Now that President Joe Biden has signed off on a law that could expel TikTok from the US ...
bloomberg.com/news/articles/2024-04-24/tiktok-ultimatum-puts-us-firms-in-firing-line-for-china-response
Quick Glance: Biden Signs TikTok Ban Bill Into Law, ByteDance Forced to Sell
- After signaling his intention, President Joe Biden signs the foreign aid package including the TikTok ban bill into law.
- The U.S. Senate passes a bill forcing ByteDance to sell TikTok or face a ban.
- ByteDance has nine months to sell TikTok to comply with the law.
- The U.S. government has been persistent in trying to ban TikTok due to national security concerns.
Revival in Japanese Stock Market Hinges on Domestic Demand Taking Hold: Japan’s stock market needs to see more domestically-oriented companies step up their game ...
bloomberg.com/news/articles/2024-04-25/revival-in-japanese-stock-market-hinges-on-domestic-demand-taking-hold
Southwest closing operations at 4 airports: Southwest is closing operations at four airports because of delivery delays for Boeing airliners ...
thehill.com/policy/transportation/4620933-southwest-closing-operations-four-airports/
Quick Glance: Southwest and American Airlines Face Financial Challenges
- Southwest Airlines, the largest carrier at San Antonio International Airport, will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.
- Southwest will also trim flights in Atlanta and at O’Hare International Airport to focus on more profitable locations, expecting to receive only 20 new 737 Max 8 jets from Boeing this year, down from the anticipated 46.
- CEO Robert Jordan stated Southwest was reacting quickly to address financial underperformance by slowing down hiring and asking employees to take time off.
- American Airlines, San Antonio’s second-largest carrier, reported a loss of $312 million as labor costs rose by 18%. The airline expects to return to profitability in the second quarter with earnings between $1.15 and $1.45 per share.
Stock Market Today: Dow, S&P Live Updates for April 25: Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether ...
bloomberg.com/news/articles/2024-04-24/stock-market-today-dow-s-p-live-updates
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Quick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
Jefferies CEO Just Sold $65 Million of Company Stock. He’s Buying a Yacht.: Jefferies CEO Rich Handler said the boat will be a “gift to myself and my family” and ...
barrons.com/articles/jefferies-ceo-stock-yacht-0bbe9020
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US Births Fell Last Year to Lowest Total Since 1979, Report Says: US births declined in 2023 to their lowest level in more than 40 years, continuing a two-decade ...
bloomberg.com/news/articles/2024-04-25/us-births-fell-last-year-to-lowest-total-since-1979-report-says
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Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
US Stock Market Uncertainty Has Traders Buying Put Options to Hedge Portfolios: Stock market investors who have been reluctant to hedge their portfolios in the ...
bloomberg.com/news/articles/2024-04-24/reluctant-traders-protect-themselves-from-further-market-mayhem
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Merck to Report Earnings One Month After Major Drug Approval. What Investors Are Watching.
on.barrons.com/3xRK64u
GE Stock Rises Above 2008 Levels. Wall Street Is Staying Bullish.
barrons.com/articles/ge-stock-wall-street-bullish-ae94bab6
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Investors Balk at Private Equity Firms Borrowing Against Their Funds’ Assets: Private equity firms are attempting to get blanket permission to borrow against ...
bloomberg.com/news/articles/2024-04-24/investors-balk-at-pe-firms-borrowing-against-their-funds-assets
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US Oil Refiners’ Profits Seen Taking Hit on Gloomy Outlook (MPC, PSX, VLO): US oil refiners that have been among this year’s strongest S&P 500 performers are ...
bloomberg.com/news/articles/2024-04-24/oil-refining-profits-seen-at-two-year-lows-on-gloomy-outlook
Cocoa Price Swings Are the Craziest Since the 1970s: Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over ...
bloomberg.com/news/articles/2024-04-24/cocoa-price-swings-are-the-craziest-since-the-1970s
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Gold’s Record-Setting Rally May Have Its Roots in Chinese Frenzy: Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher ...
bloomberg.com/news/articles/2024-04-23/gold-s-record-setting-rally-may-have-its-roots-in-chinese-frenzy
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China’s Prices Are Just Too Low for Buyers to Sweat About Tariffs: China can withstand any new tariffs the world throws at it – even the punitive ones Donald ...
bloomberg.com/news/articles/2024-04-23/china-s-prices-are-just-too-low-for-buyers-to-sweat-about-tariffs
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Handelsbanken Earnings Miss as Growing Costs Draw More Focus: Svenska Handelsbanken AB reported first-quarter earnings that missed analyst estimates and signaled ...
bloomberg.com/news/articles/2024-04-24/handelsbanken-earnings-miss-as-growing-costs-draw-more-focus
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FTC votes to ban noncompete agreements for most workers: U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule ...
apnews.com/article/jobs-employers-noncompete-agreements-economy-pay-4d7b3eb8e143cfd52025c7f2f5259fc4
Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits
- The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.
- The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.
- Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.
- Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.
Ex-Jane Street Trader Pillories Claims He Stole Trade Secrets: A former Jane Street Group trader who moved to Millennium Management ridiculed his former ...
bloomberg.com/news/articles/2024-04-24/ex-jane-street-trader-pillories-claims-he-stole-trade-secrets
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Possible UFO reported over LaGuardia Airport: A plane passenger has claimed she spotted a possible UFO flying high over the Big Apple ...
nypost.com/2024/04/25/us-news/possible-ufo-reported-over-nycs-laguardia-airport/
Bitcoin Rises. Why Tesla and Meta Earnings Could Help—or Hurt—Cryptos.: Bitcoin correlation to the stock market and wider risk sentiment puts Big Tech earnings ...
on.barrons.com/49Wz4Ih
New US Presidential Chopper Is Too Hot to Handle: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today ...
bloomberg.com/news/newsletters/2024-04-23/new-us-presidential-chopper-is-too-hot-to-handle
First major construction tender for Changi Airport T5 launched in March: Chee Hong Tat
straitstimes.com/singapore/first-major-construction-tender-for-changi-airport-t5-launched-in-march-chee-hong-tat
Boeing problems lead Southwest to drop service to four airports: Southwest Airlines announced Thursday it will stop serving four airports due to delays in the ...
cnn.com/2024/04/25/business/boeing-problems-southwest-ends-service-4-airports/
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Biden says US to begin sending military equipment to Ukraine within 'hours' : Ukraine's Volodymyr Zelenskyy said Wednesday "the key now is speed."
abcnews.go.com/Politics/biden-us-begin-sending-military-equipment-ukraine-hours/story
€5.6m funding for Donegal, Kerry and Mayo airports: Funding of over €5.6 million has been announced for regional airports in Donegal, Kerry, and Mayo.
rte.ie/news/regional/2024/0425/1445643-aiports-funding/
Hartsfield-Jackson moves first prefab segment of Concourse D project : The first module of a Concourse D expansion has been transported to the concourse site at ...
ajc.com/news/business/atlanta-airport-moves-first-prefab-section-for-concourse-d-expansion-into-place/M5ODZAY2AZDBDINPIEDV654VTE/
Plane crashes after takeoff in Alaska, bursts into flames: no survivors found: A plane carrying two people took off from the Fairbanks International Airport ...
usatoday.com/story/news/nation/2024/04/23/alaska-plane-crash-fairbanks-tanana-river/73432644007/
Utah’s NHL team makes its first appearance in Salt Lake City: On Wednesday, the former Arizona Coyotes players made their first stop in Salt Lake City ...
sltrib.com/sports/2024/04/24/utahs-nhl-team-makes-its-first/
Southwest Airlines to end service at four airports, fire 2,000 employees: American Airlines and Southwest Airlines both lost money in the first quarter ...
nypost.com/2024/04/25/business/southwest-airlines-to-end-service-at-four-airports-fire-2000-employees/
Airlines must give automatic refunds for all canceled flights and those delayed over 3 hours: DOT
abcnews.go.com/Politics/airlines-give-automatic-refunds-canceled-flights-delayed-3/story
New York State’s largest solar + storage carport breaks ground at JFK airport: New York State’s largest onsite solar plus storage project – a solar carport ...
electrek.co/2024/04/24/new-york-state-largest-solar-storage-carport-jfk-airport/
Captain Tom Moore’s Bedfordshire house on sale for £2.25m: Family lists property where war veteran raised funds during Covid – minus unauthorised spa pool
theguardian.com/uk-news/2024/apr/25/captain-tom-bedfordshire-house-on-sale
“Tatort” star ChrisTine Urdict argued with waiting passengers at the airport: Celebrities enjoy many advantages. But that sometimes also brings with it unwanted ...
focus.de/kultur/stars/ich-war-hundemuede-tatort-star-christine-urspruch-draengelte-sich-vor-streit-am-flughafen_id_259880990.html
'Tel Aviv' written on Ethiopian plane causes upset in Lebanon: Incident at Beirut airport comes as Israel and Lebanon are technically in a state of war
thenationalnews.com/news/mena/2024/04/25/tel-aviv-written-on-ethiopian-plane-causes-upset-in-lebanon/
Eurocamp offering half-term family holidays for under £300: Breaks are available across Europe - including France and Croatia
walesonline.co.uk/whats-on/travel/eurocamp-offering-half-term-family-29057028
Marcos extends service of gov’t contractual workers to December 2025: 'The goal is to build a pool of government workers that can perform and qualify for ...
rappler.com/philippines/marcos-extends-employment-government-contractual-workers-december-2025/
Flight from Birmingham to Dubai is UK's most delayed: A new report has revealed Birmingham International Airport’s service to Dubai is the second most delayed ...
expressandstar.com/news/transport/2024/04/25/flight-from-birmingham-to-dubai-is-uks-most-delayed/
Harrow Lodge Leisure Centre pool and cafe reopen after death: A café and pool at Harrow Lodge Leisure Centre in Hornchurch have re-opened after a man's death ...
romfordrecorder.co.uk/news/24279267.harrow-lodge-leisure-centre-pool-cafe-reopen-death/
Heathrow passenger numbers hit record levels with busiest ever start to the year: Heathrow Airport has seen its busiest start to the year on record with 18 ...
aerotime.aero/articles/heathrow-airport-passengers-numbers
Christina Applegate graphically details bout of both COVID and sapovirus, wearing diapers for MS side effects
ew.com/christina-applegate-battling-covid-sapovirus-ms-diapers-8637939
Guinness World Record: Chess champion returns home to Lagos | Africanews: Nigerian chess champion Tunde Onakoya returned home to Lagos on Wednesday to a hero's ...
africanews.com/2024/04/25/guinness-world-record-chess-champion-returns-home-to-lagos/
Customs at Stuttgart Airport - Hundreds of suspected counterfeit European Football Championship fan products discovered
stuttgarter-nachrichten.de/inhalt.zoll-am-stuttgarter-flughafen-hunderte-mutmasslich-gefaelschte-fan-produkte-der-fussball-em-entdeckt.b44d4239-9e5b-4bd4-84fb-f7fadc835b80.html
Travel costs have soared since the pandemic — with one mode now absurdly expensive
nypost.com/2024/04/25/lifestyle/travel-costs-have-soared-since-the-pandemic-study-shows/
Watch | Candidates champion Gukesh D receives hero's welcome upon India return
wionews.com/sports/watch-candidates-champion-gukesh-d-receives-heros-welcome-upon-india-return-714836
Most EX-YU airports with May growth, Ryanair dominates: All but one capital city airport in the former Yugoslavia to see capacity growth this May as Ryanair ...
exyuaviation.com/2024/04/most-ex-yu-airports-with-may-growth.html
Hanover Airport: Federal police arrest truants during exit check: Arrest at Hanover Airport: A student who actually wanted to travel to Turkey has to go to youth ...
haz.de/lokales/hannover/flughafen-hannover-bundespolizei-nimmt-schulschwaenzer-bei-ausreisekontrolle-fest-7BCB47VC3NAIDDV2Q3B3VKUJBY.html
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Changi Airport's passenger traffic in Q1 2024 surpasses pre-pandemic levels: SINGAPORE: About 16.5 million passengers passed through Singapore's Changi Airport ...
channelnewsasia.com/business/changi-airport-group-passenger-traffic-pre-pandemic-levels-q1-2024-4292101
Texas man accused of bringing a firearm and drugs to Pittsburgh International Airport
post-gazette.com/news/crime-courts/2024/04/25/texas-firearm-wilson-pittsburgh-airport-marijuana/stories/202404250076
US woman held at Delhi airport after she 'tried to bribe' CISF personnel with gold
deccanherald.com/india/delhi/us-woman-held-at-delhi-airport-after-she-tried-to-bribe-cisf-personnel-with-gold-2994756
Belgian Air Navigation Service Provider skeyes unveils digital tower test centre, paving the way for future air traffic control
aviation24.be/air-traffic-control/skeyes/belgian-air-navigation-service-provider-skeyes-unveils-digital-tower-test-centre-paving-the-way-for-future-air-traffic-control/
Will DIA’s on-site brewery ever make beer again? The answer is up in the air.: While the restaurant portion of the taproom remains open, just off the plaza on ...
denverpost.com/2024/04/24/denver-international-airport-tivoli-brewing/
Private airports projected for 30% revenue surge amid escalating traffic: Crisil report
financialexpress.com/business/airlines-aviation-private-airports-projected-for-30-revenue-surge-amid-escalating-traffic-crisil-report-3468606/
Etihad Airways relaunches Airbus A380 service to Paris from November 2024: For the first time since 2020, Etihad Airways passengers will be able fly between Abu ...
aerotime.aero/articles/etihad-airways-abu-dhabi-paris-superjumbo-airbus
Emergency at Palma de Mallorca Airport: Insects in coffee send woman to intensive care for 36 hours
spiegel.de/panorama/mallorca-insekten-im-kaffee-bringen-frau-fuer-36-stunden-auf-die-intensivstation-a-1e8b533b-e6ac-4af9-842e-16cd8c9fd506
Woman fighting for life after drinking coffee from vending machine at airport: The woman said the coffee had a strange taste before removing the lid and ...
mirror.co.uk/news/uk-news/womans-throat-closes-up-after-32666123
London Gatwick: Delays and cancellations so far today – Thursday, April 25 – including 19 easyJet and six British Airways flights ...
sussexexpress.co.uk/news/transport/london-gatwick-delays-and-cancellations-so-far-today-thursday-april-25-including-19-easyjet-and-six-british-airways-flights-why-are-so-many-flights-to-and-from-france-cancelled-today-4538781
Stuttgart Airport: Customs finds almost 360 suspected fake football shirts: Stuttgart Airport: Customs finds almost 360 suspected fake football shirts - News ...
zvw.de/stuttgart-region/flughafen-stuttgart-zoll-findet-fast-360-mutma%C3%9Flich-gef%C3%A4lschte-fu%C3%9Fballtrikots_arid-806536
American Airlines makes big check-in change passengers will love: The goal, American Airlines says, is less time for its passengers waiting in lines.
star-telegram.com/news/business/article287981365.html
The Bazaar Guide to Our Favorite Hotels in the World: Our jet-setting editors share their running list of the most memorable stays they’ve had around the globe ...
harpersbazaar.com/culture/travel-dining/a60203065/best-hotels/
NDTV Exclusive: Behind D Gukesh's Rise, A "Risky Decision Opposed By Family' | Chess News
sports.ndtv.com/chess/ndtv-exclusive-behind-d-gukeshs-rise-a-risky-decision-opposed-by-family-5517611
Four destinations that Sumburgh Airport could (and should) fly to: Sumburgh Airport in Shetland has scheduled destinations to Orkney, mainland Scotland and ...
pressandjournal.co.uk/fp/news/highlands-islands/6442933/sumburgh-airport-departures-potential-destinations/
Louise Thompson 'amazed' as she tells fans what she 'won't wear' with stoma: She shared a video of herself trying on different swimsuits after she was seen ...
manchestereveningnews.co.uk/news/showbiz-news/louise-thompson-says-shes-amazed-29057099
Jet2 named Best Airline at Routes Europe 2024 Awards: Jet2 has been named the Best Airline at a prestigious European awards ceremony.
thetelegraphandargus.co.uk/news/24278178.jet2-named-best-airline-routes-europe-2024-awards/
'My friend invited me on holiday - but I can't stand her weird plane habits': A woman was left so embarrassed by her friend's plane 'rituals' that ...
mirror.co.uk/travel/news/my-friend-wants-go-holiday-32667620
Air New Zealand passenger left with broken leg for more than 6 hours after severe turbulence
scmp.com/news/asia/southeast-asia/article/3259723/air-new-zealand-passenger-left-broken-leg-more-6-hours-after-severe-turbulence
Nuremberg Airport is pleased to receive its second award within a few days: Nuremberg Airport was recently voted 'Germany's most popular airport' ...
infranken.de/lk/nuernberg/flughafen-nuernberg-freut-sich-ueber-zweite-auszeichnung-binnen-weniger-tage-art-5862059
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