Japan’s economy shrinks faster than expected; geopolitics and global elections threaten financial stability, warns ECB – business live Japan’s economy contracts in Q1, leaving UK as fastest-growing G7 member, while ECB warns policy uncertainty is high. Business minister to meet IDS over Royal Mail takeover offer 12:20 ... 05/16/2024 - 1:29 am | View Link
Exclusive: Fed's Williams welcomes inflation data, not ready to seek rate cuts Federal Reserve Bank of New York President John Williams welcomed the arrival of softer consumer inflation data, he told Reuters, but said that positive news is not enough to call for the U.S. central ... 05/15/2024 - 10:02 pm | View Link
Commodities Hit Highest in a Year, Posing New Inflation Threat A key gauge for raw materials prices rose to the highest level in more than a year, throwing a wrench in central banks’ efforts to tamp down inflation.Most Read from BloombergSlovak Premier Fighting ... 05/15/2024 - 9:25 am | View Link
China’s divergent growth in consumer and producer prices indicates persistent economic uncertainty despite multiple support measures The divergent growth in consumer and producer prices in China underlines persistent economic uncertainty despite multiple support measures offered by the government to strengthen the economy. China ... 05/13/2024 - 6:55 pm | View Link
China's exports and imports return to growth, signalling demand recovery China's exports and imports returned to growth in April after contracting in the previous month, signalling an encouraging improvement in demand at home and overseas as Beijing navigates numerous ... 05/9/2024 - 12:10 am | View Link
“Rep. Greg Steube (R-FL) has 218 signatures on a discharge petition to get his disaster tax relief bill to the House floor,” Punchbowl News reports.
“That’s enough backing to force a House vote and a rare mark to hit. Discharge petitions, which force leadership’s hand, are almost never successful. The earliest the petition would come up would likely be early June, given there’s a waiting period before signatories could take their next steps.”
“Nadine Menendez, who is currently under indictment for bribery and extortion charges alongside her husband, has been diagnosed with breast cancer and will require a mastectomy,” Politico reports.
“The House was in session at the Capitol on Thursday, but thanks to the latest procession of Republicans reporting for duty in front of a Manhattan criminal courthouse to show support for former President Donald J. Trump at his trial, the party risked ceding its control of the floor,” the New York Times reports.
“Almost a dozen House Republicans showed up at the courthouse on Thursday…”
“Republicans control the House by such a slim margin, 217-213, that just two defections can sink legislation if all members are present and voting — and just a few absences can erase their majority altogether.
Jonathan Last: “You don’t want to hear this, but what if Biden is a disaster? What if he can’t string five words together and gets lost and confused? What if, post-debate, Biden’s numbers crater?”
“Well, by stress-testing this possibility on June 27, Democrats are still ahead of the convention and could, in theory, swap out candidates should Biden decide to step aside.”
“I don’t think that’s going to happen.
“Larry Hogan, the former two-term Republican governor of Maryland who this week won his party’s nomination for the state’s open Senate seat, said in an interview on Thursday that he supports legislation to codify abortion rights in federal law, describing himself as ‘pro-choice’ in a remarkable pivot as he heads into a highly competitive race,” the New York Times reports.
“Mr.
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