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US inflation rises to strongest level in a year

US inflation rises to strongest level in a year

Solid economy pushes price growth towards Fed’s target range

Published 1 second ago

Château de Chambord: overnighting at Loire’s grand folly

Château de Chambord: overnighting at Loire’s grand folly

Guests at a new hotel in the grounds can have it to themselves after the day-trippers depart

Published 1 second ago

Barclays agrees to pay $2bn to settle US mis-selling claims

Barclays agrees to pay $2bn to settle US mis-selling claims

Bank had refused DoJ’s initial demands over mortgage-backed securities

Published 1 second ago

Tech Selloff Points to a Likely Reckoning for Global Stock Rally

Tech Selloff Points to a Likely Reckoning for Global Stock Rally

Big, fashionable tech stocks—especially Apple, Microsoft, Amazon.com, Facebook and Alphabet— dominate the S&P 500, so their decline has a disproportionate effect on the wider market

Published 4 months ago

Microsoft Diminishes Windows Role in Cloud-Focused Reorganization

Microsoft Diminishes Windows Role in Cloud-Focused Reorganization

Microsoft is moving its Windows franchise from the center of its operations, reorganizing its business around its growing Azure cloud-computing operations and its stalwart Office productivity business.

Published 4 months ago

Orange County Was Set to House the Homeless, and There Was a Popular Revolt

Orange County Was Set to House the Homeless, and There Was a Popular Revolt

Faced with a growing homeless population and community backlash to plans for temporary facilities, Orange County officials are scrambling to satisfy a judge’s order to find shelter for hundreds of people living on the streets.

Published 4 months ago

Harvard Admits 4.6% of Applicants; Other Ivy League Schools Get Tougher, Too

Harvard Admits 4.6% of Applicants; Other Ivy League Schools Get Tougher, Too

Harvard hit a new low this year—in terms of its acceptance rate.

Published 4 months ago

Barclays to Pay $2 Billion to Resolve Mortgage Securities Claims

Barclays to Pay $2 Billion to Resolve Mortgage Securities Claims

U.K. lender Barclays has agreed to pay $2 billion in civil penalties to resolve claims of fraud in the sale of residential mortgage-backed securities in the run-up to the financial crisis, the Department of Justice said on Thursday.

Published 4 months ago

Law Firm Representing Uber Victim’s Family Says Issue is ‘Resolved’

Law Firm Representing Uber Victim’s Family Says Issue is ‘Resolved’

A law firm hired by the family of an Arizona woman who died after being struck by a self-driving Uber Technologies vehicle said the issue “has been resolved.”

Published 4 months ago

Lower-Income Americans Drive Consumer Sentiment to 14-Year High

Lower-Income Americans Drive Consumer Sentiment to 14-Year High

America’s low-income earners boosted consumer sentiment to a 14-year high in March, while confidence among the nation’s highest earning workers fell.

Published 4 months ago

Is Vanguard’s Success a Problem? Some Customers Think So

Is Vanguard’s Success a Problem? Some Customers Think So

The Vanguard Group is facing a perception problem as customers say the $5 trillion money manager’s size and record inflows are increasingly putting strains on an enterprise known for its devoted customer following and low costs.

Published 4 months ago

Oil Giant Shell Wants to Sell You Electricity

Oil Giant Shell Wants to Sell You Electricity

British-Dutch oil-and-gas company Shell is on a spree of small but strategic acquisitions in an area oil firms have long avoided: the power sector.

Published 4 months ago

U.S. Annual Inflation Posts Strongest Increase in Nearly a Year

U.S. Annual Inflation Posts Strongest Increase in Nearly a Year

Prices rose in February and annual inflation edged closer to the Federal Reserve’s 2% target, a sign of strengthening U.S. inflation pressures that could encourage the Fed to continue lifting interest rates this year.

Published 4 months ago