&#39;Give us a plan or give us someone to blame&#39;: Inside a White House consumed by problems Biden can&#39;t fix

newyorker.com/news/our-columnists/whats-behind-all-the-talk-of-a-recession

Jun 26 22

A Recession Isn’t Inevitable: John Cassidy writes the possibility of a recession as the predictions of a significant slowdown in the economy and the rising ...

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50

Fox Business

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Jun 26 22

Former Democratic state lawmaker responds to critics of Biden's proposed gas tax holiday

foxnews.com/media/former-democratic-new-york-state-senator-critics-biden-gas-tax-holiday

0

110

Financial Times

A-

16h

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

Paid articlePaid

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.

39

Apr 16

Jay Powell says US inflation ‘taking longer than expected’ to hit target: Comments from Federal Reserve chair come amid mounting doubts about pace of interest ...

ft.com/content/3d0ddbe1-4637-4262-ba40-934015606166

Quick Glance: Powell Warns of Lack of Progress on Inflation

Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.

74

Apr 19

JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...

ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b

Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels

JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.

Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.

JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.

Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.

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11h

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/

107

Apr 08

Is Japan finally becoming a ‘normal’ economy? : Prices are rising, workers are demanding higher pay and the stock market is booming. But the country still has to ...

ft.com/content/88174b91-27d6-4936-ba5c-62c831b0a1c7

Quick Glance: Record Audience at NCAA Women's Championship

South Carolina's victory over Caitlin Clark and Iowa in Sunday's women's NCAA championship game garnered a preliminary average viewership of 18.7 million on ABC and ESPN.

Nielsen's final numbers on Tuesday may reveal an increase in viewership.

It marks the most-watched basketball game since 2019, when the men's NCAA title game between Virginia and Texas Tech averaged 19.6 million viewers on CBS.

The women's final also recorded the highest viewership for a Sunday afternoon sporting event on ESPN and ABC since early 2021.

113

Apr 11

Resurgent inflation looms over Joe Biden’s White House bid: Consumer prices are rising quickly at just the wrong time for the US president

ft.com/content/d8520a33-f202-4679-b6f7-99fe9e4fb3ae

42

Apr 20

Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...

ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd

35

Apr 19

Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...

thehill.com/business/4605828-mortgage-rates-top-first-time/

Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers

US mortgage rates have surged above 7%, increasing costs for homebuyers.

The rise in mortgage rates impacts monthly costs, limiting purchasing power.

Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.

Experts anticipate a moderate easing of mortgage rates later in the year.

63

Apr 08

Food inflation across rich nations drops to pre-Ukraine war levels: Annual change in prices across 38 industrialised countries eased to 5.3% in February ...

ft.com/content/f51368f0-c157-451d-a231-b944fbe7e7a0

Quick Glance: Decline in Food Prices in Industrialized Countries

Annual change in prices across 38 industrialized countries eased to 5.3% in February, according to the latest OECD data.

Food inflation across rich nations has dropped to its lowest level since before Russia’s full-scale invasion of Ukraine, alleviating pressure on households affected by cost increases.

The OECD is expected to address food prices as part of its comprehensive inflation update.

The decrease in food price inflation was widespread in industrialized countries in February, with the latest OECD reading halved or almost halved from recent peaks.

100

Apr 05

US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength

apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-1e456b8df0e11b218ed50f1ead6f6797

Quick Glance: US economy adds impressive 303,000 jobs last month

Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.

US stock futures rose slightly on Friday morning, but markets have had a rough week.

The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.

Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.

270

Apr 15

Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...

ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5

20

Apr 14

US and India stoke hopes of global growth in 2024 : FT-Brookings Tiger index shows ‘positive omens’ for modest pick-up compared with last year

ft.com/content/7d1199bb-8283-49c3-801e-249938bcbae8

35

Apr 13

Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.

axios.com/2024/04/13/biden-trump-inflation-worse-tariffs

Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse

The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.

March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.

Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.

Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.

54

13h

Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...

2

Apr 08

Jamie Dimon warns rates could stay high as market mood shifts: JPMorgan chief says inflation could be ‘stickier’ than markets expect in annual letter to ...

ft.com/content/9c3b136c-79c0-4347-9cc9-b90e5489a85f

Quick Glance: Jamie Dimon warns of potentially prolonged high rates

JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.

Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.

Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.

Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.

15

Apr 21

Biden needs to face facts: He’s still losing to Trump : For President Biden and the Democrats, thing are looking ugly in November.

thehill.com/opinion/campaign/4604865-biden-needs-to-face-facts-hes-still-losing-to-trump/

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342

markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4

9h

Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...

22

Apr 01

Markets Insight: The myth of long-term high prices: High inflation will soon be history. Longer-term factors should ensure a moderate price trend in the future ...

handelsblatt.com/finanzen/anlagestrategie/kolumnen/maerkte-insight-der-mythos-langfristig-hoher-preise/100026419.html

236

Apr 23

Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...

thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/

20

Apr 22

How Risky Is Japan’s Monetary-Policy Normalization? | by Takatoshi Ito - Project Syndicate

project-syndicate.org/commentary/bank-of-japan-monetary-policy-normalization-risks-by-takatoshi-ito-2024-04

1

0

businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4

Apr 09

California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...

Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay

A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.

Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.

The increased minimum wages worsen the existing challenges faced by independent restaurants in California.

Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.

103

Apr 10

Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...

thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/

3 similar articles

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359

npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage

Apr 12

The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?

23 similar articles

235

609

The Sydney Morning Herald

smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html

Apr 16

Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...

20

Apr 18

Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...

42

Apr 14

Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries

reuters.com/markets/us/wall-st-week-ahead-surging-us-energy-shares-reflect-robust-growth-inflation-2024-04-12/

74

Apr 19

U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...

nytimes.com/2024/04/18/business/mortgage-rates.html

91

Apr 20

America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy

economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year

9

Apr 10

JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’: JPMorgan Chase CEO Jamie Dimon warned that interest rates could rise to 8 percent or ...

thehill.com/business/4585341-jpmorgan-ceo-dimon-warns-interest-rates-8-percent/

52

Apr 11

Hot inflation may put Fed rate cut in thick of election season: Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a ...

reuters.com/world/us/hot-inflation-may-put-fed-rate-cut-thick-election-season-2024-04-11/

24

Apr 17

How California fast food restaurants raised menu prices in response to $20 minimum wage

nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/

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260

markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4

Apr 18

Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...

17

Apr 11

How Trump’s tariff plans could kill jobs and worsen inflation: Tariff Man could be back in the White House next year – and he’s promising the sequel will be even ...

cnn.com/2024/04/11/economy/trump-tariffs-trade-jobs-inflation/

229

Apr 03

Mulvaney: How Biden’s regulations are driving up inflation: Every time Biden’s administration adds another regulation making it harder or more expensive ...

thehill.com/opinion/4571477-mulvaney-how-bidens-regulations-are-driving-up-inflation/

82

Apr 08

Reserve Bank set to update interest rate outlook as oil prices spike: Business & Investing: The price of a barrel of oil surged above US$90 a barrel for the ...

newsroom.co.nz/2024/04/08/reserve-bank-set-to-update-interest-rate-outlook-as-oil-prices-spike/

6

Apr 20

5 worries keeping Biden, Democrats up at night: President Biden’s campaign is feeling good about where it is in its battle for reelection ...

thehill.com/homenews/campaign/4605899-five-worries-keeping-biden-democrats-up-at-night/

12

Apr 18

Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike

nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/

20

Apr 10

Gold slips from record levels after hot US inflation data: Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed ...

reuters.com/markets/commodities/gold-near-record-high-inflation-risk-lifts-safe-haven-appeal-2024-04-10/

25

Apr 17

Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...

thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength

2

Apr 10

Why gold prices are at record highs: From central banks to Costco customers, it seems everyone is buying gold these days.

cnn.com/2024/04/09/economy/gold-prices-record-highs/

70

Apr 17

America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy

economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year

7

Apr 12

Biden claims inflation was 'skyrocketing' when he took office, despite data showing opposite

foxbusiness.com/politics/biden-claims-inflation-skyrocketing-took-office-despite-data-showing-opposite

42

16h

U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.

axios.com/2024/04/25/us-economy-gdp-report-q1-2024

3

Apr 11

Focus: Soaring insurance costs hit as US buyers finally get a break on car prices

reuters.com/markets/us/soaring-insurance-costs-hit-us-buyers-finally-get-break-car-prices-2024-04-11/

15

23h

Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...

foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7

5

Apr 10

How immigration is helping the economy defy expectations: Policymakers are increasingly pointing to an immigration influx and a bolstered U.S ...

thehill.com/homenews/4581122-how-immigration-is-helping-the-economy-defy-expectations/

25

Apr 14

Wall Street traders keep underestimating America’s economic strength: It's the exact opposite of what happened in the 2010s

axios.com/2024/04/14/stock-market-bonds-interest-rates-us-economy

12

Apr 22

US bond bulls lean into latest selloff despite inflation scare: A sharp selloff in U.S. bonds so far in April is prompting some investors to consider allocating ...

reuters.com/markets/us/us-bond-bulls-lean-into-latest-selloff-despite-inflation-scare-2024-04-22/

7

Apr 24

New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...

freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/

1 similar article

12

134

Notes From Poland Apr 05

Levi Strauss closes factory in Poland after over three decades: The company and city have announced support for the 650 people who will lose their jobs.

notesfrompoland.com/2024/04/05/levi-strauss-closes-factory-in-poland-after-over-three-decades/

18

Apr 03

Olive Garden is too expensive if you're making less than $75K: Even the Olive Garden is becoming increasingly too expensive for many Americans.

nypost.com/2024/04/03/business/olive-garden-is-too-expensive-if-youre-making-less-than-75k/

Quick Glance: Olive Garden Too Pricey for Incomes Under $75K

Olive Garden is becoming increasingly out of reach for many Americans, especially those with lower incomes.

Last year, Olive Garden stopped offering free pasta refills due to high inflation levels.

Darden, Olive Garden's parent company, kept price increases below inflation but discontinued popular promotions like free pasta refills.

The company operates over 2,000 restaurants, including Olive Garden, Longhorn Steakhouse, Cheddar’s Scratch Kitchen, and Capital Grille.

73

Apr 13

When will Americans see those interest-rate cuts?: Following a nasty surprise, some now think they may come only after the presidential election

economist.com/finance-and-economics/2024/04/10/when-will-americans-see-those-interest-rate-cuts

2 similar articles

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23 5

npr.org/2024/04/11/1242535266/taxes-irs-filing-money

Apr 14

Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...

29

Apr 23

Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...

foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns

1 similar article

4

49

npr.org/2024/04/11/1242535266/taxes-irs-filing-money

Apr 11

Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...

Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact

UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.

Ocado and Lidl show the most improvements, while Morrisons has the largest gap.

Hourly pay differences are reported by government service.

Equality initiatives and workplace improvements at M&S and Co-op.

60 similar articles

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309

businessinsider.com/dollar-tree-shoppers-angry-dollar-store-raises-prices-2024-4

Apr 08

Dollar Tree's plan for $7 items is making shoppers angry: Dollar Tree's plan to add items up to $7 is pushing customers to other retailers, such as Walmart.

25

Apr 01

FTC calls out profits as a driver of grocery prices: A new Biden administration report is raising questions about the cause of rising food prices ...

thehill.com/business/4564255-ftc-calls-out-profits-as-a-driver-of-grocery-prices/

44

Apr 19

How much money do you need to retire? Most Americans calculate $1.8 million, survey says.

usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/

14

Mar 31

The stock market has skyrocketed to start 2024. Will it continue?: The S&P 500 has climbed 10% this year.

abcnews.go.com/Business/stock-market-skyrocketed-start-2024-continue/story

356

Apr 10

Inflation is still bad. It's both Trump and Biden's fault. Who will fix it?: Inflation is still high. Trump's stimulus created it. Now Biden won't admit his plan ...

usatoday.com/story/opinion/columnist/2024/04/10/inflation-biden-economy-americans-spending-income-wages/73275197007/

46

Apr 21

Trump campaign blasts Biden for ‘largest tax hike ever' as Americans face 'record-high inflation'

foxbusiness.com/politics/trump-campaign-blasts-biden-largest-tax-hike-americans-face-record-high-inflation

5

Apr 07

How immigrants are helping boost the U.S. job market without affecting inflation: Blockbuster jobs growth continues to power the U.S. economy, with the BLS ...

nbcnews.com/business/economy/immigrants-are-helping-us-job-market-grow-without-affecting-inflation-rcna146570

pbs.org/newshour/economy/how-migrant-workers-have-contributed-to-strong-u-s-job-growth

61

274

PBS

A-

Apr 12

How migrant workers have contributed to strong U.S. job growth: It turns out that the influx of foreign-born adults vastly raised the supply of available workers ...

11

Apr 21

What the cost of insulin may mean for Biden's campaign: President Joe Biden frequently cites insulin prices as he promotes a $35 price cap for Americans with ...

apnews.com/article/biden-insulin-prices-cap-campaign-impact-f969191c3c5178c91cc973a1b89c2200

1 similar article

2

45

PBS

A-

Apr 19

More Americans worried about climate change, but few think Biden's climate law will help, AP-NORC poll says

pbs.org/newshour/politics/more-americans-worried-about-climate-change-but-few-think-bidens-climate-law-will-help-ap-norc-poll-says

3

Apr 18

Why is the economy so strong? New hires are spending more and upgrading their lifestyles

usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/

11

65

businessinsider.com/interest-rate-2024-outlook-us-economy-fed-cuts-powell-jobs-2024-4

Apr 07

Interest rate 2024 outlook: More experts see no rate cuts as economy strong: Investors are finally waking up to the idea that the interest-rate cuts seen as a ...

7

Apr 12

Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt

cnbc.com/2024/04/11/stock-market-today-live-updates.html

18

Apr 01

Why Have Inflation Forecasts Been So Wrong? | by Willem H. Buiter & Ebrahim Rahbari - Project Syndicate

project-syndicate.org/commentary/inflation-forecasts-why-have-they-been-so-wrong-by-willem-h-buiter-and-ebrahim-rahbari-2024-04

0

Apr 05

Jobs Report Live Updates: U.S. Added 303,000 Jobs in March: Employers added 303,000 jobs in March, the 39th straight month of growth. The unemployment rate fell ...

nytimes.com/live/2024/04/05/business/jobs-report-march-economy

9

41 585

CNN.com

C+

Apr 08

Why some people feel good about their bank accounts but bad about the economy: There’s a growing disconnect between economic sentiment and economic data in the ...

cnn.com/2024/04/07/economy/us-economy-personal-finance/

The Sydney Morning Herald

56

417

smh.com.au/politics/federal/the-economy-is-on-a-knife-s-edge-an-interest-rate-change-could-tip-the-balance-20240402-p5fgnn.html

Apr 02

The economy is on a knife edge. An interest rate change could tip the balance: The RBA board said it was not yet confident inflation was definitely tracking down ...

10

Apr 03

Fed officials consider leaving rates higher for longer: Following higher than expected inflation and labor market readings in January and February on the tail ...

thehill.com/business/4572776-fed-officials-consider-leaving-rates-higher-for-longer/

15

Apr 01

SNAPSHOT S&P, Nasdaq open higher as softening inflation fans rate cut bets: The S&P 500 and the Nasdaq inched higher at open Monday after the latest inflation ...

reuters.com/markets/us/futures-rise-signs-softening-inflation-bolster-rate-cut-hopes-2024-04-01/

14

Apr 06

99 Cents Only Stores will close all 371 of its outlets effective Friday: California-based 99 Cents Only Stores says it will close all 371 of its outlets ...

apnews.com/article/99-cents-only-store-closures-0f44cf157c8d8a23085ee8ab4e2f7878

Quick Glance: 99 Cents Only to Close All 371 Stores and Cease Longstanding Business

After more than four decades, 99 Cents Only will close all 371 of its stores and cease its business operations.

The decision was made due to various challenges, including the COVID-19 pandemic, shifting consumer demand, inflationary pressures, and increasing levels of shrinkage.

The closure of 99 Cents Only reflects a broader weakness in the dollar-store category, with other major retailers also announcing store closures.

Established in 1982 in Los Angeles, 99 Cents Only was a trailblazer in single-price retail and faced pressure from rising wages and competition from larger chains.

3

Apr 13

I saved $1,700 eating leftover food from NYC's top restaurants — here's the gourmet haul I got for mere dollars

nypost.com/2024/04/12/lifestyle/i-saved-1700-eating-leftover-food-from-nycs-top-restaurants-what-i-got/

7

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