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The possibility that U.S. inflation won't trend much lower from here is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could trigger cross-asset volatility.
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Stock-market investors get a key piece of economic data on Good Friday, but won't be able to trade on it.
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Bus carrying Easter worshipers plunges off bridge killing 45 people in South Africa CNNBus carrying Easter worshippers veers off bridge and plunges nearly 200 feet, killing at least 45 Fox News45 Dead After Bus Full of Easter Worshippers Plunges Off Bridge with 8-Year-Old Child Only Survivor PEOPLE45 dead as bus plunges from bridge into ravine in South Africa The Guardian
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The FTX founder was sentenced to 25 years in prison for fraud.
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Republican-led states' new lawsuit aims to block Biden's student loan repayment plan AxiosRepublican states file lawsuit challenging Biden's student loan repayment plan The Associated PressKansas AG sues to block Biden's student loan forgiveness plan Fox BusinessNew GOP lawsuit seeks to block student-loan forgiveness via SAVE plan Business InsiderRepublican states file lawsuit to halt Save, Biden's student loan repayment plan - The Washington Post The Washington Post
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Also in today's newsletter, OpenAI courts Hollywood and Easter egg shrinkflation
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Republican states file lawsuit to halt Save, Biden's student loan repayment plan The Washington PostRepublican states file lawsuit challenging Biden's student loan repayment plan The Associated PressKansas AG sues to block Biden's student loan forgiveness plan Fox BusinessRepublican-led states' new lawsuit aims to block Biden's student loan repayment plan AxiosKansas Attorney General challenges student loan forgiveness Kansas City Star
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The deal could expand Home Depot's market by $50 billion.
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A trio of siblings is worried that their elderly mother will burn through her money because of healthcare costs and taxes.
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Federal judge delivers rare response after Trump attacks the daughter of a judge CNNJudge Speaks Out Against Donald Trump's Family Attacks NewsweekTrump aims his ire at spouses, children of judges at heart of legal troubles The HillTrump Attacks Judge's Daughter After Gag Order in Hush-Money Case The New York TimesTrump AGAIN Goes After Judge's Daughter—This Time by Name The Daily Beast
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Supreme Court abortion case brings 19th century chastity law to the forefront CNNFears grow over Comstock Act, Justices Thomas, Alito The HillThe fear of going too far: Takeaways from the Supreme Court's biggest abortion case since Dobbs POLITICOOpinion | Would Samuel Alito rather be running the FDA? - The Washington Post The Washington PostSupreme Court ruling restricting abortion pill may help Biden and doom Trump this election USA TODAY
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The numbers: The U.S. trade deficit in goods widened 1.5% to $91.8 billion in February, according to the Commerce Department's advanced estimate released Friday. Economists polled by Econoday were looking for the deficit to widen slightly to a $90.6 billion deficit.
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Chairman Jerome Powell keeps midyear interest rate cut in play, could support move if rising prices slow down.
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Persistent inflation has eroded Americans' ability to prepare for their financial futures by causing them to reduce savings, take on debt and withdraw from retirement accounts.
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Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.
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The wrong strategy could cost you hundreds of dollars per month.
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Weeks after Apple abandons EV project, Chinese tech company debuts model that out-accelerates Tesla and Porsche
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Nationwide slowdown hit sales and profits halved last year
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Snowflake stock is down close to 30% since the company reported earnings.
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Fallen 'Crypto King' Sam Bankman-Fried gets 25 years for fraud BBC.comFrustration for some of Bankman-Fried's victims who hoped for stiffer sentence Yahoo FinanceSBF memecoins pump and dump as FTX founder gets 25-year prison sentence CointelegraphItaly races to stop leaning tower from collapsing CNNSam Bankman-Fried Sentenced to 25 Years in Prison The New York Times
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MSCI index of world stocks rises 7.7% as optimism about US economy offsets expectations of slower rate cuts
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Kloss is the CEO of Bedford Media.
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32-year-old former cryptocurrency golden boy, Sam Bankman-Fried, has been sentenced to 25 years in federal prison. Blomberg's Zeke Faux was in court today as Bankman-Fried was sentenced.
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The investor Josh Kushner and his wife, Karlie Kloss, have struck a deal with Barry Diller's media company to revive it as a regular print title.
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Oil futures settled higher Thursday for the first time in three sessions to tally a solid gain for the quarter and a third straight monthly climb.
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Trump attacks daughter of judge overseeing hush money case POLITICODonald Trump assails judge and his daughter after gag order in New York hush-money criminal case The Associated PressTrump Bashed Judge's Daughter on X Post. Court Says It's Not Her BloombergTrump Targets Judge's Daughter Again After Being Hit With Gag Order ForbesDonald Trump Can't Stop Attacking Judge's Daughter Newsweek
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Vizio just announced a ginormous 86-inch 4K TV for a staggeringly cheap price Tom's GuideVizio Launches New 86-Inch 4K TV - For Just $999 ForbesThese VIZIO Smart TVs Are Made For Every Type of Home VarietyVizio just announced a $999 86-inch 4K TV EngadgetVizio's first 86-inch 4K TV is coming soon, for $999 Digital Trends
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Stagwell has significant growth ambitions, as recent reports of founder Mark Penn approaching a potential merger with S4 Capital show. With a technological focus, it currently employs around 13,000 people across more than 34 countries within agencies such as Anomaly, 72&Sunny, Forsman & Bodenfors, Doner and Gale. Speaking to ADWEEK, Penn would not comment on...
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Judge calls out banking industry for choosing Texas court to challenge credit card fee caps—'Venue is not a continental breakfast' FortuneTexas judge transfers lawsuit over card fees to Washington, D.C. ReutersBiden administration would cap credit card late fees at $8, part of campaign against junk fees The Associated PressTexas judge transfers lawsuit over card fees to Washington, D.C AOLU.S. Chamber of Commerce Gets Major Setback on Campaign to Keep High Credit Card Fees for Families Accountable.US
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Tesla stock is down 28% this year and 56% from its high. Is this a buying opportunity?
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Some analysts are increasingly concerned about lofty valuations and shallow markets
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Biden's fundraiser with Obama and Clinton nets a record $25 million, his campaign says The Associated PressBiden hosts fundraiser with his two-term Democratic presidential predecessors, striving to join their ranks CNNProtesters interrupt Biden, Obama, Clinton fundraiser The Times of IndiaNYC Gridlock Alert: Heavy traffic in Midtown as President Biden, 3 former presidents visit New York WABC-TVDonald Tru
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US prosecutors say trading house paid Brazilian officials to keep its business with state oil group
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Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.
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With $2.5 trillion invested in 401(k) retirement accounts 60 million Americans control a powerful chunk of cash. So how much attention do investors pay to this vast pool of savings? Not much. According to a new Wharton analysis of retirement accounts managed by The Vanguard Group in 2003 and 2004 participants in 401(k) plans made little effort to tend their defined-contribution plans once they were set up. Even among those who did trade regularly turnover rates were one-third those of professional money managers. Olivia S. Mitchell executive director of Wharton's Pension Research Council Stephen P. Utkus principal Vanguard Center for Retirement Research and researchers Gary Mottola and Takeshi Yamaguchi present their findings in a paper entitled "The Inattentive Participant: Portfolio Trading Behavior in 401(k) Plans." Hosted on Acast. See acast.com/privacy for more information.
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A group of 27 leading executives added
to calls for Canada to ease coronavirus-led air restrictions in
a letter published in the country's Globe and Mail newspaper on
Thursday.
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