The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after the Federal Reserve’s preferred inflation measure came in largely around…
Editor's Pick
Hiring stays strong for low earners — while job growth for middle- and high-earners slows, Vanguard finds
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The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The…
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N.Y. Fed President John Williams says inflation is too high but will start coming down soon
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New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it will start decelerating later this year. With markets on edge…
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Pending home sales in April slump to lowest level since the start of the pandemic
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Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors. These so-called pending sales…
Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National…
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It was a strong week for retail earnings. That doesn’t spell a consumer comeback
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Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and cash-strapped shoppers are choosing them over competitors. If…
Donald Trump is wasting no time in getting back on the campaign trail now that the verdict is in and his historic criminal trial in New York City is over.…
Economy
Trump turns conviction into cash, spotlights record fundraising in wake of guilty verdict
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Donald Trump is touting ‘record shattering’ fundraising fueled by his convictions in the first trial of a former or current president in the nation’s history. The former president’s campaign announced…
Economy
Netanyahu invited to address Congress as Biden urges Hamas to take Israel peace offer
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President Biden has urged Hamas to accept a new peace deal on offer from Israel, but some remain skeptical about the details of the deal and whether it was Israel…
What a turnaround! Today’s PCE data, which was in line with expectations, initially sent the stock market higher. Then, it experienced a significant selloff, but things changed in the last…