Inflation Fears
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U.S. Inflation Falls to 3.3% in May
The rate of inflation in May over the previous year.The New York Times - Business -
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Hot Funds and the Curse of 'Self-Inflated Returns'
When billions of dollars gush into an ETF that just reported big gains, more gains can soon follow. The problem: The investors themselves are driving those gains—and will suffer when their impact fades.The Wall Street Journal - World -
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 -
3 gold investing moves to make with inflation cooling
As inflation continues to drop, prospective gold investors may want to make some strategic moves in response.CBS News - Top stories -
French Stocks Tumble to Worst Week in Two Years Over Election Fears
Investors worry about a possible debt crisis in the country as polls show the far right could be brought to the brink of power in less than a month.The New York Times - Business - France -
Fear The Spotlight Is A PS1-Style Survival-Horror Game Without The Survival
Fear The Spotlight starts like many good horror stories. A couple of friends--nerdy goody-goody Vivian and her goth pal Amy--sneak into school after-hours to perform a séance. The school has a creepy history, after all, thanks to a fire a few ...GameSpot - Tech -
Tensions between Israel and Hezbollah stir U.S. fears of wider conflict
Since Oct. 7, the Biden administration has been furiously working behind the scenes to lower the chances of a conflagration that could draw in the U.S. or put at further risk U.S. troops who are in the region in Syria, Iraq and Jordan.CBS News - Top stories - Israel -
Russia’s hybrid warfare spills into NATO, raising new fears
Russia’s increasing use of hybrid and gray-zone attacks against European countries is posing a major challenge for the U.S. and NATO: how to respond without sparking a major conflict with Russian President Vladimir Putin. Baltic countries, Poland ...The Hill - Politics - Russia -
Museum to pull famous paintings over Nazi looting fears
Five paintings, including one by Vincent van Gogh, will be removed while a Zurich museum investigates if they were stolen by Nazis.CBS News - Top stories -
Tesco boss says he is ‘well paid’ as investors vote on £10mn package
Shareholder vote on Ken Murphy’s pay comes as executive remuneration is in the spotlightFinancial Times - Business -
UK public inflation expectations fall to lowest in nearly 3 years
BoE survey will be welcomed by policymakers ahead of interest rate decision next weekFinancial Times - World - United Kingdom -
Import prices fall sharply in another sign of fading U.S. inflation
The cost of imported goods fell in May by the largest amount since the end of last year, adding to recent evidence inflation might be slowing again.MarketWatch - Business -
These 5 U.S. cities have been hit hardest by inflation
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.CBS News - Top stories -
As the number of displaced people surges, an 'Inflatable Refugee' in Barcelona sparks questions
A 20-foot-tall “Inflatable Refugee” is on display at Barcelona's Gran Teatre del Liceu opera houseABC News - Entertainment -
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 -
How Partisan Media Outlets Covered The Latest Inflation Numbers
Conservative media outlets used the new inflation data, which was lower than expected, to criticize President Biden’s handling of the economy. Liberal media outlets celebrated it.The New York Times - Business - Inflation -
Cooling Inflation Powers S&P 500, Nasdaq to Weekly Gains
The S&P index added 1.6% for the week and the yield on the 10-year Treasury fell as investors assessed the job market and new data on inflation.The Wall Street Journal - World -
As the number of displaced people surges, an 'Inflatable Refugee' in Barcelona sparks questions
A 20-foot-tall “Inflatable Refugee” is on display at Barcelona's Gran Teatre del Liceu opera houseABC News - World -
This crypto ETF could give you income and hedge inflation
Ether ETF with a ‘staking’ feature would offer something bitcoin ETF doesn’t — potential for capital appreciation and dividends.MarketWatch - Business - Crypto -
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 -
Here’s when the inflation-fighting power of TIPS bonds and ETFs really kicks in
As inflation expectations rise, so does the average amount by which TIPS outperform U.S. Treasurys.MarketWatch - Business -
French stocks suffer worst week since 2022 over fears of populist poll win
Cac 40 down over 6% since Macron called election, with big spending plans likely to be favoured by new parliamentFinancial Times - Business - France -
General election live: Farage claims he is ‘leader of the opposition’ and demands one-to-one debate with Starmer
Reform UK leader says he should also take part in planned leaders’ debate on BBC. Sign up for Election Edition, our UK election newsletterIntroducing a cap on adult social care costs by October next year is part of Labour’s plan if they win the ...The Guardian - World -
Scheffler goes without a birdie for a 74 and narrowly avoids an early exit from US Open
Scottie Scheffler has gone from overwhelming favorite at the U.S. Open to barely making it to the weekend in a majorABC News - Sports - US Open -
British army delays King Charles cap badges over China spying fears
UK defence official cites possibility that tracking devices or GPS transmitters could be embedded into metal crestsFinancial Times - World - United Kingdom -
Swiss museum removes Monet and Vincent van Gogh art over Nazi looting fears
Paintings by van Gogh and Monet are among the works removed following new guidelines on stolen art.BBC News - Top stories -
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 -
Consumer sentiment falls to 7-month low on worries over inflation and weaker incomes
An early reading of U.S. consumer sentiment in June fell to the lowest level in seven months, reflecting lingering worries about high inflation as well as slower growth in household incomes.MarketWatch - 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 -
Twins unveil Prince-inspired home run celebration complete with purple vest, inflatable guitar
The Minnesota Twins have a new home run celebration — and players and fans are going crazy over itABC News - Sports - MLB -
Tesco's sales rose in the first quarter and the grocer backed its guidance for the year, with easing inflation supporting strong volume growth and market share in the U.K.
Tesco’s sales rose in the first quarter and the grocer backed its guidance for the year, with easing inflation supporting strong volume growth and market share in the U.K.The Wall Street Journal - World