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Profile picture of The Atlantic
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/
The 3.5 Percent Inflation Plateau
Profile picture of The Hill (newspaper)
GOP critics vow no more US aid for Ukraine: Conservative skeptics of funding the war in Ukraine predict it will be the last major U.S ...
thehill.com/homenews/senate/4619185-gop-critics-vow-no-more-us-aid-for-ukraine/
GOP critics vow no more US aid for Ukraine
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
  • President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.

  • Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.

  • The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.

  • Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Profile picture of Axios (website)
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
U.S. economy grew at 1.6% annualized rate in first quarter
Profile picture of Insider (news website)
President can commit crimes if Congress doesn't know: Trump lawyer: As the saying goes: It's not the crime; it's the cover-up. If former President Donald Trump ...
businessinsider.com/trump-lawyer-supreme-court-president-can-commit-crimes-congress-2024-4
President can commit crimes if Congress doesn't know: Trump lawyer
Profile picture of The Hill (newspaper)
Fetterman, Warren lead Democrats in urging DEA to ‘swiftly’ take marijuana off Schedule I
thehill.com/policy/healthcare/4621316-fetterman-warren-democrats-dea-marijuana-scheduling/
Fetterman, Warren lead Democrats in urging DEA to ‘swiftly’ take marijuana ...
Profile picture of The Hill (newspaper)
Lawmakers push Wall Street giveaway disguised as increased worker security: If members of Congress want to improve retirement security, they should expand Social ...
thehill.com/opinion/4618453-lawmakers-push-wall-street-giveaway-disguised-as-increased-worker-security/
Lawmakers push Wall Street giveaway disguised as increased worker security
Profile picture of CNN.com
FTC is sued by business groups over its ban on noncompete agreements, which may delay enforcement
cnn.com/2024/04/25/success/ftc-noncompete-ban-lawsuit/
FTC is sued by business groups over its ban on noncompete agreements ...
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.
Profile picture of The Hill (newspaper)
Truth Social owner asks Congress to investigate ‘potential manipulation’ of share price
thehill.com/business/4617730-truth-social-owner-asks-congress-to-investigate-potential-manipulation-of-share-price/
Truth Social owner asks Congress to investigate ‘potential manipulation’ ...
Quick Glance: Trump Media Seeks Congressional Probe on 'Troubling' Market Manipulation Claims
  • Trump Media & Technology Group is asking Congress to investigate suspicions of illegal activity affecting its stock price.

  • In a disclosed letter, Devin Nunes, the CEO of Truth Social owner Trump Media, urged GOP Chairmen of relevant House Committees to examine the 'urgent matter' of 'potential manipulation' of the company's stock price.

  • Trump Media recently reported a $58 million loss in 2023 with minimal revenue. The company's price-to-sales ratio, a common stock valuation method, is notably high compared to competitors in the social media sector.

  • In the communication to Congress, Trump Media highlighted that data suggests 'just four market participants' accounted for over 60% of the exceptional trading volume in the company's stock: Citadel Securities, Virtu Americas, G1 Execution Services, and Jane Street Capital.
Profile picture of Axios (website)
Rep. Donald Payne Jr. dead at 65 after "cardiac episode": Gov. Phil Murphy said in a statement he is "deeply saddened by the passing of our friend ...
axios.com/2024/04/24/congressman-donald-payne-jr-dies
Rep. Donald Payne Jr. dead at 65 after "cardiac episode"
Quick Glance: Late Congressman Donald Payne Jr.
  • Democratic Congressman Donald Payne Jr. from New Jersey has passed away at the age of 65

  • Payne, a longstanding House member, was the son of a former congressman

  • He advocated for healthcare legislation, gun violence prevention, and infrastructure investments

  • Following his death, a special election will be held to fill his position in the House of Representatives
Profile picture of Bloomberg
Inflation Past Keeps Markets Guessing on What's Next: Traders were spooked as first-quarter core inflation came in worse than expected ...
bloomberg.com/opinion/articles/2024-04-25/inflation-past-keeps-markets-guessing-on-what-s-next
Inflation Past Keeps Markets Guessing on What's Next
Profile picture of Reuters
Wall St loses over 1% amid fading rate-cut hopes: Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S ...
reuters.com/markets/us/futures-falter-meta-platforms-weighs-megacaps-2024-04-25/
Wall St loses over 1% amid fading rate-cut hopes
Profile picture of Newsweek
Homeowners Get Good News Over Mortgage Rates: Mortgage rates are likely to come down to 6 percent by next year, Moody's Ratings experts predict.
newsweek.com/homeowners-good-news-mortgage-rates-1893775
Homeowners Get Good News Over Mortgage Rates
Profile picture of The Arizona Republic
Grand jury indicts fake electors who falsely certified Donald Trump as 2020 winner in Arizona
azcentral.com/story/news/politics/elections/2024/04/24/arizona-fake-electors-indictments/73184206007/
Grand jury indicts fake electors who falsely certified Donald Trump as ...
Quick Glance: 11 Republican 'Fake Electors' Charged in Arizona
  • Eleven Republicans were charged in Arizona for falsely claiming that Donald Trump won the 2020 presidential election in Arizona against Joe Biden.

  • They met in Phoenix to sign a certificate declaring Trump had won the state. The document was sent to Congress and the National Archives but ignored.

  • The Arizona charges follow indictments against fake electors in Nevada, Michigan, and Georgia.

  • The charges allege conspiracy, fraud, and forgery as they falsely declared Trump as the winner in Arizona despite Biden's victory by over 10,000 votes.
Profile picture of Bloomberg
Chile President Gabriel Boric Tells Investors He Wants Political System Reform: Chile President Gabriel Boric said that he’s set on overhauling the nation’s ...
bloomberg.com/news/articles/2024-04-25/chile-president-gabriel-boric-tells-investors-he-wants-political-system-reform
Chile President Gabriel Boric Tells Investors He Wants Political System ...
Profile picture of Reuters
Confounding US economic, inflation data cloud Fed's rate path: The Federal Reserve's latest financial stability report was good news for anyone worried that a ...
reuters.com/markets/us/confounding-us-economic-inflation-data-muddy-feds-rate-path-2024-04-25/
Confounding US economic, inflation data cloud Fed's rate path
Profile picture of Fox Business
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
Mortgage demand falls again as interest rates soar past 7%
Profile picture of Frankfurter Allgemeine Zeitung
Building interest rates are rising again: How expensive will it be to build a house?
faz.net/aktuell/finanzen/bauzinsen-steigen-wieder-wie-teuer-wird-der-hausbau-19677969.html
Building interest rates are rising again: How expensive will it be to ...
Profile picture of Bloomberg
Indonesia Rates: Risky Bid for Monetary Leadership Against the Dollar: A shock rate hike is all about the local currency, not the economy. Other Asian countries ...
bloomberg.com/opinion/articles/2024-04-25/indonesia-rates-risky-bid-for-monetary-leadership-against-the-dollar
Indonesia Rates: Risky Bid for Monetary Leadership Against the Dollar
Profile picture of Rolling Stone
Harry Dunn Fought Rioters on Jan. 6. Now He Wants to Go to Congress: Harry Dunn Fought Rioters on Jan. 6. Now He Wants to Go to Congress
rollingstone.com/politics/politics-features/harry-dunn-congress-january-6-1235008259/
Harry Dunn Fought Rioters on Jan. 6. Now He Wants to Go to Congress
Profile picture of Insider (news website)
Ukraine should treat latest aid like the last, war experts say: Dynamics have shifted, and experts say Ukraine has to recognize US politics could again interfere ...
businessinsider.com/ukraine-should-treat-latest-aid-like-the-last-war-experts-2024-4
Ukraine should treat latest aid like the last, war experts say
Profile picture of Insider (news website)
Trump Media pens letter to Congress on impact of short sellers: The Trump Media CEO last week also penned a letter to Nasdaq blaming "naked" short selling for ...
markets.businessinsider.com/news/stocks/trump-media-spac-djt-ceo-letter-congress-naked-short-sellers-2024-4
Trump Media pens letter to Congress on impact of short sellers
Profile picture of Reuters
Slow, but solid US economic growth anticipated in Q1; inflation likely heats up: U.S. economic growth likely slowed to a still-solid pace in the first quarter ...
reut.rs/3WeBxe5
Slow, but solid US economic growth anticipated in Q1; inflation likely ...
Profile picture of Insider (news website)
Photos show how divided Democrats, Republicans in Congress have become: Outbursts, scuffles, and statement outfits have become more common among members of ...
businessinsider.com/republicans-democrats-congress-arguing-photos-2023-10
Photos show how divided Democrats, Republicans in Congress have become
Profile picture of Bloomberg
TikTok Says Law Is on Its Side as It Prepares to Fight US Ban: TikTok said legislation passed by the US Congress Tuesday evening that would force its Chinese ...
bloomberg.com/news/articles/2024-04-24/tiktok-says-law-is-on-its-side-as-it-prepares-to-fight-us-ban
TikTok Says Law Is on Its Side as It Prepares to Fight US Ban
Profile picture of Reuters
Gold little changed as spotlight shifts to US data: Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased ...
reuters.com/markets/commodities/gold-prices-rangebound-traders-focus-us-economic-data-2024-04-24/
Gold little changed as spotlight shifts to US data
Profile picture of CNA
Taiwan happy with US aid package, China objects to arms sales: TAIPEI: Taiwan President Tsai Ing-wen said on Wednesday (Apr 24) she was happy the US Congress had ...
channelnewsasia.com/asia/taiwan-united-states-china-aid-package-objects-arms-sales-bill-passed-4288241
Taiwan happy with US aid package, China objects to arms sales
Profile picture of Boston Herald
Editorial: Bob Kraft a good fit for Elizabeth Warren’s seat: The owner of the New England Patriots has a lot on his plate, but he's demonstrated the kind of ...
bostonherald.com/2024/04/24/editorial-bob-kraft-a-good-fit-for-elizabeth-warrens-seat/
Editorial: Bob Kraft a good fit for Elizabeth Warren’s seat
Profile picture of Bloomberg
JPY/USD: Why the Yen Is So Weak and What That Means for Japan: The yen continues to languish near a 34-year low against the dollar, mainly because interest rates ...
bloomberg.com/news/articles/2024-03-21/why-the-yen-is-so-weak-and-what-that-means-for-japan-quicktake
JPY/USD: Why the Yen Is So Weak and What That Means for Japan
Quick Glance: Why the Yen is Weak and Its Impact on Japan
  • The yen remains near its historic low against the dollar due to lower interest rates in Japan compared to the US and elsewhere, diminishing the currency's allure.

  • The BOJ raised interest rates for the first time in 17 years, affecting the Japanese economy, businesses, and consumers positively and negatively.

  • A weak yen benefits large Japanese companies with global operations but burdens consumers with more expensive imports of energy and food.

  • Investors and economists are divided on the BOJ's future rate hikes, while the government may intervene to support the currency.
Profile picture of CNBC
Why the Fed keeping rates higher for longer may not be such a bad thing: It's a tough case to sell that higher interest rates today are having a substantially ...
cnbc.com/2024/04/24/why-the-fed-keeping-rates-higher-for-longer-may-not-be-such-a-bad-thing.html
Why the Fed keeping rates higher for longer may not be such a bad thing
Profile picture of thedailybeast.com
Art of the Cave: How Ukraine and TikTok Became Strange Bedfellows: In an increasingly rare show of compromise in Congress, everyone is giving up something to get ...
thedailybeast.com/art-of-the-cave-how-ukraine-and-tiktok-became-strange-bedfellows
Art of the Cave: How Ukraine and TikTok Became Strange Bedfellows
Profile picture of New Vision (newspaper)
VIDEO: US Congress passes long-delayed Ukraine aid: President Joe Biden vowed fresh supplies to be delivered swiftly to the warzone as Russia makes battlefield ...
newvision.co.ug/category/news/video-us-congress-passes-long-delayed-ukraine-NV_186579
VIDEO: US Congress passes long-delayed Ukraine aid
Profile picture of New York Post
Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed rate cut: Stocks tumbled on Thursday, dragged down by growth stocks after dour quarterly ...
nypost.com/2024/04/25/business/dow-tumbles-nearly-700-points-as-new-inflation-fears-dent-hopes-of-fed-rate-cut/
Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed ...
Profile picture of Barron's
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 ...
barrons.com/articles/gold-central-banks-china-treasuries-federal-reserve-emerging-markets-948ed914
Gold Continues to Boom. The Major Buyer: Central Bankers
Profile picture of American Banker
Climate change, stifled mergers and other challenges facing banks and investors: Institutions and their investors are facing pressure from climate activists ...
americanbanker.com/news/climate-change-stifled-mergers-and-other-challenges-facing-banks-and-investors
Climate change, stifled mergers and other challenges facing banks and ...
Profile picture of Insider (news website)
Fed rates outlook: June cut on deck as job market weakens: Hiring activity could see a substantial slowdown later in the year, Citi economist Veronica Clark said ...
businessinsider.com/fed-rate-cuts-outlook-june-job-market-unemployment-economy-recession-2024-4
Fed rates outlook: June cut on deck as job market weakens
Profile picture of Bloomberg
A Strong Economy Doesn’t Necessarily Make the Fed’s Job Harder: The past year has shown that it is possible to have a rapid decrease in inflation along with low ...
trib.al/Ta728iH
A Strong Economy Doesn’t Necessarily Make the Fed’s Job Harder
Profile picture of American Banker
Will the Fed cut rates this year?: Recent economic data have shown inflation stubbornly above the Fed's 2% target, putting rate cuts in jeopardy ...
bondbuyer.com/leaders/will-the-federal-reserve-cut-rates-this-year
Will the Fed cut rates this year?
Profile picture of American Banker
The Fed's manipulation of debit card interchange fees must stop: The Federal Reserve's new proposal to lower the cap on debit card fees will drive up the prices ...
americanbanker.com/opinion/the-feds-manipulation-of-debit-card-interchange-fees-must-stop
The Fed's manipulation of debit card interchange fees must stop
Profile picture of Bloomberg
JPY/USD: Why the Yen Is So Weak and What That Means for Japan: The yen continues to languish near a 34-year low against the dollar, mainly because interest rates ...
bloomberg.com/news/articles/2024-03-21/why-the-yen-is-so-weak-and-what-that-means-for-japan-quicktake
JPY/USD: Why the Yen Is So Weak and What That Means for Japan
Profile picture of Boston Herald
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StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
StanChart Tells Clients Craving Oil, Copper to Beware Inflation
Profile picture of Bloomberg
Bank Indonesia Surprises With Rate Hike, Expects Rupiah Gain: Bank Indonesia defied expectations and raised its benchmark interest rate to a record high to help ...
bloomberg.com/news/articles/2024-04-24/indonesia-raises-key-rate-to-lift-rupiah-from-pandemic-era-lows
Bank Indonesia Surprises With Rate Hike, Expects Rupiah Gain
Profile picture of Mail & Guardian
Disinflation uncertainty could push interest rate cuts to 2025: The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on ...
mg.co.za/business/2024-04-23-disinflation-uncertainty-could-push-interest-rate-cuts-to-2025/
Disinflation uncertainty could push interest rate cuts to 2025
Profile picture of agrarheute.com
Timber Prices Plunge Hugely: Global Lumber Prices Drop 20%: Lumber prices on the world market fall by 20 percent in just 4 weeks. This means that lumber costs ...
agrarheute.com/energie/holz/holzpreise-stuerzen-gewaltig-ab-globale-bauholzpreise-fallen-um-20-619465
Timber Prices Plunge Hugely: Global Lumber Prices Drop 20%
Profile picture of The Hill (newspaper)
In the Peter Navarro case, executive privilege is on trial: U.S. v. Navarro has the potential to be a landmark case of “first impressions” involving unsettled ...
thehill.com/opinion/judiciary/4611965-in-the-peter-navarro-case-executive-privilege-is-on-trial/
In the Peter Navarro case, executive privilege is on trial
Profile picture of Fox Business
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
Stock market sell-off has 'further to go,' JPMorgan warns