Today's Top Story
US inflation eased last month in the first slowdown of 2024
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team Read More
Business News
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Retail sales were unchanged in April from March as inflation and interest rates curb spending
Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome
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Senators urge $32 billion in emergency spending on AI after finishing yearlong review
A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and put safeguards around it
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Billionaire Frank McCourt says he's putting together a consortium to buy TikTok
Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business
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Economic News
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Stock market today: Asian shares advance after another round of Wall St records
Asian shares are mostly higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction
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Stock market today: Asian shares advance after another round of Wall St records
Asian shares are higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction
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Census estimates: Detroit population rises after decades of decline, South still dominates US growth
U.S. Census Bureau estimates show America's Northeast and Midwest cities are rebounding slightly from years of population drops, highlighted by modest growth in Detroit after decades of declines
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Money News
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
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A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
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FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that
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