Kashkari says Fed is committed to reining in inflation, but 'we are a long way away'

pbs.org/newshour/economy/noncompete-agreements-would-be-barred-for-most-employees-under-this-new-rule

3h

'Noncompete' agreements would be barred for most employees under this new rule

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.

145

10h

The Eurozone economy is growing surprisingly strongly: The purchasing managers' index rose by 1.1 to 51.4 points, the highest value in eleven months ...

diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark

16

23h

West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.

newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/

17

14h

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

21h

Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...

straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march

26

23h

BOJ to project inflation will stay around target, signal chance for rate hike: The Bank of Japan is expected to project inflation will stay around its 2% target ...

reuters.com/markets/asia/boj-project-inflation-will-stay-around-target-signal-chance-rate-hike-2024-04-22/

20

4h

Argentina's Milei revs up chainsaw and blender in fiscal deficit attack: Argentina's libertarian President Javier Milei is revving up his attack on the country's ...

reuters.com/markets/argentinas-milei-revs-up-chainsaw-blender-fiscal-deficit-attack-2024-04-23/

8

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

Apr 22

Wall St gains after Friday sell-off, Mideast tensions subside: Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as ...

reuters.com/markets/us/futures-recover-after-friday-sell-off-mideast-tensions-ease-2024-04-22/

Quick Glance: Hope for Strong Quarterly Results Drives Wall St Stocks

Wall Street stocks saw an increase on Monday as investors anticipated a busy week of quarterly results from key companies to gain insight into the health of the U.S. economy.

All 11 S&P 500 sectors experienced growth, with technology and financial stocks leading the gains.

In addition to the outstanding corporate earnings, markets are also looking forward to the upcoming release of the PCE data in March later this week to further understand the monetary policy trajectory.

Megacap growth stocks showed gains, including Alphabet, Amazon.com, and Apple, along with Nvidia's increase to recover from a previous decline.

4

15h

BOJ will hike rates if trend inflation accelerates, gov Ueda says: The Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2% ...

reuters.com/markets/asia/boj-will-hike-rates-if-trend-inflation-accelerates-says-gov-ueda-2024-04-23/

1

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 22

Brent hovers above $86 as traders unfazed by MidEast conflict: Global benchmark Brent slipped on Monday though it remained above $86 a barrel as traders turned ...

reuters.com/markets/commodities/oil-prices-retreat-us-crude-build-rate-cut-concerns-come-fore-2024-04-22/

10

5h

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

0

30

San Francisco Chronicle

sfchronicle.com/bayarea/article/sf-sales-tax-neighborhood-19394489.php

Apr 21

SF sales down 28% from 2019. What sectors and areas were hit hardest?: This map and table breaks down trend in S.F. sales tax revenue for the past five years

158

306

Reuters

A

Apr 21

Hundreds of young supporters of Donald Trump lined up for his recent Green Bay, Wisconsin, campaign rally. The most common reason many are backing the former ...

6

Apr 21

Poll: Election interest hits new low in tight Biden-Trump race: Amid a tight Joe Biden-Donald Trump race, the share of voters with high interest in the election ...

nbcnews.com/politics/2024-election/poll-biden-trump-tight-race-election-interest-low-rcna148170

51

Apr 21

By almost 20 percent: gas prices in Germany are rising again: The regular VAT rate for gas has been in effect again in Germany since the beginning of April. This ...

n-tv.de/wirtschaft/Gaspreise-in-Deutschland-steigen-wieder-article24889291.html

48

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 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/

52

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.

77

Apr 18

Fed May Delay Rate Cuts Until After 2024, Neel Kashkari Says: The Federal Reserve needs to achieve more confidence that inflation is declining before cutting ...

bloomberg.com/news/articles/2024-04-18/kashkari-says-fed-could-potentially-hold-rates-steady-all-year

32

Apr 21

'Perfect storm' brings €2 per litre fuel back in prospect: €2 per litre fuel prices are firmly back in sight following the recent restoration of excise ...

rte.ie/news/business/2024/0421/1444470-perfect-storm-as-2-per-litre-fuel-back-in-prospect/

27

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 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 21

Loss of purchasing power for citizens' allowance recipients: 25% more from the state - and less in their pockets in the end

spiegel.de/wirtschaft/soziales/buergergeld-erhoehungen-gleichen-kaufkraftverluste-nicht-aus-a-2a9616cd-3316-4755-a73b-8ee9de3f761e

0

Apr 19

Japan Nikkei 225 Falls Toward Technical Correction Led by Chips Stocks: Japanese stocks fell, with the Nikkei 225 Stock Average down over 3% and inching toward a ...

bloomberg.com/news/articles/2024-04-19/japan-s-nikkei-225-falls-more-than-3-led-lower-by-chip-stocks

Paid articlePaid

t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html

6

0 0

T-Online Apr 18

Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...

Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth

German private individuals hold a net wealth of 7716 billion euros.

Stocks and investment funds saw significant gains in the last quarter.

Cash and bank deposits remain the largest component of wealth.

Household net wealth increases by 244 billion euros to 5560 billion euros.

243

Apr 21

Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week

qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885

0

0 0

Associated Press

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

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 ...

2

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 19

Financial assets of private households at a record high: Overall, people in Germany have more financial assets than ever before. However ...

hna.de/wirtschaft/geldvermoegen-privater-haushalte-auf-rekordhoch-zr-93018343.html

40

Apr 22

2025 Porsche Cayenne GTS Joins the Party with 493 HP and $127K Base Price: Along with more horsepower and higher prices, the sporty GTS SUV and Coupe benefit ...

caranddriver.com/news/a60551600/2025-porsche-cayenne-gts-new-details-price/

5 similar articles

8

54

FIJ NG Apr 18

Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...

fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/

8

Apr 18

Going Strong: The Bloomberg Open, Asia Edition: Good morning. Netflix crushed its earnings but the second quarter may not be as rosy. China will be the top ...

bloomberg.com/news/newsletters/2024-04-18/going-strong-the-bloomberg-open-asia-edition

8

Apr 19

Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...

reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/

25

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 20

Iran-Israel tensions: Can Iran's economy handle a war?: Iran is suffering from inflation, currency depreciation and the impact of international sanctions ...

dw.com/en/iran-israel-tensions-can-irans-economy-handle-a-war/a-68862368

9

Apr 20

South Africa faces upside risk to inflation, financial conditions, central bank governor says

reuters.com/world/africa/safrica-faces-upside-risk-inflation-financial-conditions-cenbank-governor-2024-04-20/

Quick Glance: Challenges for South Africa in Inflation and Financial Conditions, According to Central Bank Governor

Lesetja Kganyago, the Governor of the South African Reserve Bank, warned of upside risks to the country's inflation outlook.

Despite the chaotic impact of adverse El Nino weather in Africa, the latest data does not show indications of price hikes in food.

The South African Reserve Bank noted that the inflation rate is expected to reach the target range of 4.5% only by the end of 2025.

Kganyago highlighted potential risks from higher oil prices due to tensions in the Middle East and tight global financial conditions resulting from prolonged high interest rates at the U.S. Federal Reserve.

2 similar articles

4

20 16

T-Online Apr 20

Riester pension disappoints: many only receive measly returns: Disappointing Riester pension: New figures from the Federal Ministry of Finance reveal low payout ...

t-online.de/finanzen/ratgeber/altersvorsorge/privatevorsorge/riester-rente/id_100390008/riester-rente-enttaeuscht-viele-bekommen-nur-mickrige-ertraege.html

2 similar articles

4

77

ZDF

zdf.de/nachrichten/wirtschaft/iran-israel-eskalation-oelmarkt-100.html

Apr 20

Iran-Israel escalation unsettles oil market: If the Middle East conflict spreads to Iran, it could restrict global oil supplies. The oil market therefore reacts ...

20

Apr 17

US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy

ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0

Quick Glance: IMF Warns of Fiscal Deficits in US and China

The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.

Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.

In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.

The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.

112

Apr 19

Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year

independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html

39

Apr 16

US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...

ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700

Quick Glance: IMF upgrades global growth forecast despite risks

The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.

IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.

While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.

Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.

438

Apr 17

UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.

bbc.com/news/business-68833077

936

318 203

Reuters

A

Apr 18

Fed policymakers agree: there's no urgency to cut rates: Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are ...

reuters.com/markets/us/feds-williams-doesnt-see-urgent-need-cut-interest-rates-2024-04-18/

46

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 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

Money latest: Should you pay your kids for good grades? Here's what psychologists think

news.sky.com/story/money-blog-news-latest-consumer-financial-inflation-employment-rights-maternity-leave-cost-of-living-13040934

The Sydney Morning Herald

6

277

smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html

Apr 18

If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...

46

Apr 16

Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...

ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1

Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago

The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals

Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy

Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product

Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula

The Sydney Morning Herald

381

323

smh.com.au/property/news/should-you-wait-for-interest-rate-cuts-to-buy-a-house-20240418-p5fkv8.html

Apr 18

Should you wait for interest rate cuts to buy a house?: Once interest rates fall, property prices would likely go up, but buyers could borrow more money ...

1 similar article

12

135

Insider (news website)

B-

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 ...

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

17

Apr 18

The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...

thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/

15

Apr 19

Trump Media tells shareholders how to block their DJT stock being loaned to short sellers

cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html

24

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

Apr 19

Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...

reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/

4

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

220

PBS

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

Apr 19

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

3 similar articles

3

211

Times of Oman Apr 17

Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?

timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar

10

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 18

Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.

independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html

The Sydney Morning Herald

4

93

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

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

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/

49

Apr 16

International Monetary Fund: Germany in last place among industrialized nations (again)

spiegel.de/wirtschaft/unternehmen/konjunktur-deutschland-auf-dem-letzten-platz-der-industrienationen-schon-wieder-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4

44

Apr 16

Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’

ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731

10

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

3 similar articles

2

12

Investor's Business Daily

D

Apr 16

Is It Time To Buy Gold Stocks And ETFs As Gold Futures Hit A High? Here's What Charts Show

investors.com/research/gld-stock-a-buy-right-now-heres-what-charts-show-2/

4

Apr 19

Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week

qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885

0

Apr 16

Why child care costs are soaring: Wages in the industry have risen fast in the last few years — but they're still pretty low.

axios.com/2024/04/16/child-care-costs