Feds Mester Says Her Businesses Contacts Are Sensing the Economy Is Stronger Than Anticipated
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Mester says Fed needs to see more low inflation readings before cutting interest rates
The president of the Cleveland Federal Reserve said the low inflation readings in May were great news, but the central bank needs to “see that continue a bit longer” before it can cut interest rates.MarketWatch - Business - Federal Reserve -
Starmer: I'm prepared to make enemies on the economy
The Labour leader is grilled by the BBC's Nick Robinson on tax, growth, the NHS in a Panorama interview.BBC News - Top stories -
German households to help nudge up economy this year, DIW experts say
Yahoo News - World - Germany -
Starmer rules out capital gains tax rise as Tory minister admits migration 'frustration'
With less than three weeks until the election, party leaders are hitting the road again today.BBC News - Top stories -
Keir Starmer says he is prepared to make enemies to improve economy
Limited election pledges a ‘downpayment’ for future investment, says Labour leaderFinancial Times - Business -
Goolsbee is thrilled by low inflation readings but says Fed needs more proof that prices are easing
A slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices need to decelerate further to support a reduction in U.S. interest rates.MarketWatch - Business - Federal Reserve -
Hargreaves Lansdown co-founder says price ‘not main consideration’ for selling business
Stephen Lansdown says he wants to know what any new owner would do with the retail investment siteFinancial Times - Business -
Investigation into Titan sub taking longer than expected, Coast Guard says
Tuesday marks one year since the Titan sub lost contact about one hour and 45 minutes into its voyage to the wreckage of the Titanic.CBS News - Top stories -
Kirin plans to acquire Japanese cosmetics and dietary-supplement maker Fanci for more than $1.4 billion to help expand its health business.
Kirin plans to acquire Japanese cosmetics and dietary-supplement maker Fanci for more than $1.4 billion to help expand its health business.The Wall Street Journal - World -
AI startup wants to upend search business. Forbes says it's ripping them off
The artificial intelligence startup Perplexity AI has raised tens of millions of dollars from the likes of Jeff Bezos and other prominent tech investors for its mission to rival Google in the business of searching for informationABC News - Tech -
Vermont governor vetoes data privacy bill, saying state would be most hostile to businesses
Vermont’s governor has vetoed a broad data privacy bill that would have been one of the strongest in the country to crack down on companies’ use of online personal dataABC News - Tech -
This underrated Hasbro business is gaining traction amid weaker toy demand, analysts say
BofA analysts said Wall Street hasn’t appreciated the potential of the toy maker’s digital-gaming business, which they believe could help drive a rebound for the company next year.MarketWatch - Business -
Make mine medium-rare: Men really do eat more meat than women, study says
It's a popular notion that men eat more meat than womenABC News - Tech -
My daughter rarely bathes and her room is smelly, but says she doesn’t care
It may be a cry for help, or simple teenage rebellion. Either way, you need to find a new, less judgmental way to communicate. Every week Annalisa Barbieri addresses a problem sent in by a readerMy 15-year-old daughter has zero sense of personal ...The Guardian - World -
Missouri woman's murder conviction tossed after 43 years. Her lawyers say a police officer did it
She was a psychiatric patient when she incriminated herself in a 1980 killing.ABC News - Top stories -
An A.I.-Powered App Helps Readers Make Sense of Classic Texts
Margaret Atwood and John Banville are among the authors who have sold their voices and commentary to an app that aims to bring canonical texts to life with the latest tech.The New York Times - Tech -
Does it make more sense to buy or rent a property in the UK?
On average, buying a home with a capital and interest mortgage is 11 per cent more expensive than rentingFinancial Times - World -
Hollywood on Thames is a prize for the UK economy
The rejection of a film studio scheme near Marlow bodes ill for the future of creative industriesFinancial Times - Business - United Kingdom -
What's News: Business & Finance
What’s News: Business & FinanceThe Wall Street Journal - World -
The Business of Being Lorne Michaels
For 50 years, Michaels has managed both the weekly circus of producing “Saturday Night Live” and the broader task of keeping it relevant. How does he do it?The New York Times - Business -
Why the Stock Market Has Risen Even With No Fed Rate Cuts
The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.The New York Times - Top stories - Federal Reserve -
Comex Gold, Silver Settle Higher
Gold settled up 1.4%, with silver also rising 1.4% on the day. Both metals posted weekly gains.The Wall Street Journal - World -
Interest rates may need to go higher if the Fed wants inflation at 2%
Easing too soon would likely reignite inflation and require the Fed to hike rates again.MarketWatch - Business - Federal Reserve -
Inflation is widening the divide between how the wealthy and everyone else sees the economy
A steadily growing economy and low unemployment have helped to ease some of the pain of high inflation, but middle- and low-income Americans say they are feeling more stress.MarketWatch - Business -
The New Business Cabins Ideal for Traveling Families
Once considered traveling execs’ exclusive domain, business-class cabins are welcoming families with young children—and devising ways to contain the chaos.The Wall Street Journal - World -
Lawmakers Question Brad Smith About Microsoft’s China Business
Brad Smith testified before a House committee a year after Chinese hackers infiltrated Microsoft’s technology and penetrated government networks.The New York Times - Tech - China -
This First-Time Founder's Small Business Runs on Standup Comedy and ... Seltzer
Zelnick launched Sesh Comedy in between his first and second year of business school as part ofa bid to become a professional comedian. It worked.Inc. - Business -
Bank of America wins upgrade on business lending, healthier balance sheet
Analyst David Konrad raises Bank of America rating to outperform from market perform.MarketWatch - Business -
Six policy areas in Labour manifesto being scrutinised by business
From electric cars to insourcing, a look at the small print of the party’s plansFinancial Times - World -
Latinas Are Left Out of the C-Suite. Business Leaders Can Change That
A new report from LeanIn.Org finds that Latinas have the 'steepest climb up the corporate ladder,' but inclusion efforts and debiased processes can help.Inc. - Business -
Judge Orders Sale of Alex Jones’s Personal Assets but Keeps Infowars in Business
The ruling will allow the conspiracy theorist to continue broadcasting on Infowars, while the Sandy Hook families pursue payment of $1.4 billion in defamation damages.The New York Times - Business -
The executive agenda 2024: Mastering business transformation in the C-suite
CONTRIBUTOR CONTENT: Strategic business transformations are initiatives undertaken to equip organizations with the capabilities needed to effectively address impending business challenges. When planning these transformations, corporate executives ...VentureBeat - Tech -
Hyundai plans to list India business unit in one of country’s biggest IPOs
South Korean carmaker seeks to capitalise on booming demand in world’s third-largest auto marketFinancial Times - World - India -
Ron Insana: How Trump’s pitch to replace the income tax with tariffs on imports could rattle the economy
Eliminating the U.S. income tax and replacing it with tariffs on imports could spur inflation, hit lower income families and chill global trade.CNBC - Business -
BYD Shares Rise After Milder-Than-Peers EU Tariffs
Shares of BYD jumped on investors’ optimism that the world’s largest electric-vehicle maker would maintain its competitive edge despite planned additional tariffs from the European Union.The Wall Street Journal - Business - European Union -
Adobe shares soar 17% on better-than-expected results
Adobe reported results on Thursday that sailed past analysts' estimates.CNBC - Business -
Labour raises £350k more than Tories in first campaign week
The figures are a huge turnaround on the 2019 election, when the Tories attracted 87% of all donations.BBC News - Top stories -
Why home equity borrowing is cheaper than other options
Home equity borrowing is significantly cheaper than some other popular credit options. Here's why.CBS News - Top stories -
Americans really hate inflation. But is it actually worse than a recession?
Some consumers seem to prefer an economic downturn to inflation, the Minneapolis Fed president said. MarketWatch asked economists which is worse.MarketWatch - Business -
More than mere camembert: why France leads the world in cheesemaking
The opening of France’s first cheese museum in Paris complements the city’s high concentration of top fromageries. • Homage to fromage: cheese museum opens in Paris. France is not the only player when it comes to fromage. Outstanding cheeses are ...The Guardian - World