Plus, a hot PCE shows inflation is getting sticky in the services sector.
The EPA stressed they aren’t telling power plants how to cut down on pollution — that’ll be up to the fossil fuel industry to figure out.
From the BBC World Service: Venice has become the first city in the work to charge an entrance fee for day trippers.
Manufacturing is experiencing a resurrection of sorts. Durable goods orders rose 2.6% in March.
Thanks to a move from the Biden administration, millions of more employees could be eligible for overtime.
From the BBC World Service: U.S. Secretary of State Antony Blinken has arrived in China with a long list of global issues on his agenda.
Tesla will release quarterly results after markets close today, but the company has had a rough road so far this year.
We’ll unpack a case going before the Supreme Court in which Starbucks is challenging the National Labor Relations Board’s authority.
From the BBC World Service: The British government’s policy of sending migrants to the African nation of Rwanda is set to become law.
High interest rates and insurance are making it difficult and more expensive to shelter the unhoused.
