The New York Times |
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With Inflation Bearing Down, Europe Is Facing Higher Interest Rates9:51 The European Central Bank is set to raise rates, the first such move since September 2023, as energy disruptions caused by the Iran war drive higher prices. Medicare Advantage Plans Often Deny Seniors Access to Special Care, Analysis Shows6:07 Two reports by U.S. investigators reveal how Medicare Advantage is quick to reject requests for short-term nursing home or inpatient rehab services. Oil Prices Rise as U.S. Launches New Attack on Iran3:58 Oil prices jumped after the United States and Iran exchanged fire for a second day, heightening fears that the two countries could slide back into open conflict. Lee Raymond, Who Created Global Oil Behemoth Exxon Mobil, Dies at 873:27 He oversaw Exxon’s acquisition of a rival, cut costs relentlessly and denied the scientific consensus on climate change. A.I. Chatbot Helps a $100 Thrift Store Painting Sell for Over $250,00021:05 When a son got curious about the origins of a painting his mother bought at a secondhand shop decades ago, Google Gemini had some intriguing thoughts. Bill Gates Says Epstein Tried To Use His Extramarital Affairs Against Him20:01 The billionaire philanthropist testified on Wednesday in a closed-door congressional hearing about the Justice Department’s investigation of Jeffrey Epstein. Inflation Accelerates to Fastest Pace in 3 Years as Energy Prices Bite18:58 Companies appear hesitant to pass those price increases on to weary consumers, whose wages aren’t keeping up. Investors Feed A.I. Firms’ Voracious Appetite for New Money17:21 In the race to dominate the artificial intelligence industry, companies like SpaceX and Alphabet are borrowing cash and raising equity from investors at the fastest pace in decades. SpaceX’s IPO Will Turn 4,400 Employees Into Millionaires17:21 While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to the change the lives of its current and former employees, too. Inflation Keeps Prospects of a Fed Rate Cut Low16:49 The Consumer Price Index is one of the last major data releases ahead Kevin M. Warsh’s first meeting as chair of the Federal Reserve. Hong Kong Charges 7 People and 2 Companies Over Deadly Apartment Fire16:17 The 25 charges include manslaughter and conspiracy. They are the first to emerge from a monthslong investigation into a blaze that killed 168 people. Markets Brace for an Inflation Surprise13:37 New data is putting investors on edge, especially over the prospect that the Federal Reserve may raise interest rates to blunt rising prices. |
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