Investments and Business

More news - Breaking news USA Today Editor-in-Chief Terence Samuel announced Monday he is stepping down after a year in office. Samuel, a veteran journalist, had joined USA Today in July of the previous year from National Public Radio, where he had been a senior executive overseeing all news programs. Neither Samuel nor USA Today gave a reason for his departure. In an email to the newsroom, Monica Richardson, a senior vice president at USA Today, said Samuel’s resignation was “effective today.” Caren Bohan, the political editor, will temporarily take over as managing editor while the publication conducts a national…

More news - Recent news It's not just Taylor Swift fans who are keeping an eye on her Eras Tour dates. One of Europe's leading economists is acutely aware that the singer will spend the summer tearing around Europe's stadiums. Philip Lane, the European Central Bank's chief economist, had the pop star in mind when he spoke at an event on Monday. He was asked about the risk that persistent inflation in the services sector could intensify, especially as Europe heads into a particularly busy summer with the Paris Olympics and the Euro 2024 soccer championship in Germany. “Well, that’s…

Related media - Recent news The Federal Reserve's preferred measure of inflation continues to show signs of cooling, accompanied by moderate growth in consumer spending - positive news for central bankers aiming to control rising prices and curb demand. The personal consumption expenditures (PCE) index rose 2.6% year-over-year in May, in line with economists’ expectations and down slightly from a 2.7% gain in April. Excluding the more volatile prices of food and fuel, the “core” inflation measure also rose 2.6% year-over-year, down from 2.8% in April. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing any…

Related media - News 24 hours Employers added 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That was up from an average of 232,000 jobs in the previous 12 months, muddying the picture of an economy easing into a more sustainable pace. Most worrying for the Federal Reserve, which meets next week and again in July, is that wages rose 4.1% from a year ago, a sign that inflation may not yet be defeated. “For those who thought they were going to see a rate cut in July,…

Related media - Latest news Boeing is facing renewed criticism after the revelation of a January crash involving a 737 Max plane. During a factory tour, a Boeing executive revealed details about the missing bolts that led to a panel coming loose in mid-flight. This sharing of information angered the National Transportation Safety Board (NTSB), which called it a “blatant violation” of investigative rules. The NTSB is investigating the crash and says Boeing is not permitted to discuss details or speculate on the causes. As punishment, they will limit Boeing's access to information about the investigation and prevent him from…

Related media - Breaking news Anthony JF O'Reilly, a charming, ambitious, Irish-born former president of the HJ Heinz Company who also owned newspapers, luxury brands and trophy houses in France and the Bahamas, only to lose nearly everything in his eighth, has died. decade. on May 18 in Dublin. He was 88 years old. The Irish Times and other Irish newspapers, citing a family spokesman, said he died in hospital. No cause was given. From his earliest days, Mr. O'Reilly, known as Tony, has shown awkwardness about gifts. He was a world-class rugby player as a teenager: the “red-haired pin-up…