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YELLEN-CHINA – Treasury Secretary Janet Yellen will strike a conciliatory tone when she talks about US-China relations on Thursday, calling for “cooperation on the pressing global challenges of our day” while supporting the economic restrictions on China to advance US national security interests. By Fatime Hussein. SENT: 490 words, photos.
Political Cartoons
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JAPAN-US TRADE – Washington does not seek to isolate the American economy from China, US Trade Representative Katherine Tai said on Thursday while visiting Tokyo. By Mari Yamaguchi. SENT: 770 words, photos.
STARSHIP TEST FLIGHT — SpaceX’s giant new rocket exploded minutes after it blasted off on its first flight test and crashed into the Gulf of Mexico.By Marcia Dunne. SENT: 410 words, photos.
FINANCIAL MARKETS – Wall Street eased on Thursday after mixed earnings reports from major companies and more signals that the US economy may be slowing. By Stan Choe. SENT: 540 words, photos. UPCOMING: About 800 words by 4:30 p.m., photo.
HOME SALES – Sales of previously occupied U.S. homes fell in March and prices fell for a second straight month, a hot start to the spring home buying season as the buyers are fighting extremely high mortgage rates and an almost record low number of properties on the market. By Alex Veiga. SUBMITTED: 300 words, photos.
UNEMPLOYMENT BENEFITS – The number of Americans applying for unemployment benefits rose last week but remained below historical standards. By Paul Wiseman. SENT: 310 words, photos.
LOAN CHARGES — Freddie Mac reported average US mortgage rates this week. By Paul Wiseman. COMING UP: 250 words after the noon release.
OFF THE CHARTS-EASING INFLATION – Businesses’ grip on inflation weakened significantly in March, raising hopes that companies and consumers will suffer less from higher prices as 2023 continues. By Damian Troise . SENT: 410 words, photos.
CONGRESS-LABOR SECRETARY – President Joe Biden’s nominee to be the next labor secretary, Julie Su, testified in the Senate. But mainstream Democrats have been reluctant to voice support for Su’s confirmation, creating uncertainty about his prospects in the narrowly divided Senate. By Stephen Groves. SUBMITTED: 500 words, photos.
EARNS-UNION PACIFIC – Union Pacific railroad posted flat profits in the first quarter as weather slowed trains across the western United States and inflation drove up costs, but executives were optimistic about their ability to handle all things companies want to ship the rest of the year as more new hires complete training. By Josh Funk. SUBMITTED: 340 words, photos.
EARNS-AMERICAN EXPRESS – American Express said its first-quarter profit fell 13% from a year ago despite recording quarterly profit as the credit card company had to write off more than $1 billion. for potentially bad loans. By Ken Sweet. SUBMITTED: 450 words, photos.
EARNS-CSX – CSX railroad will release its first quarter earnings report on Thursday afternoon. The report comes as investors worry about the health of the economy and regulators scrutinize rail safety. By Josh Funk. UPCOMING: 500 word, picture development from Thursday afternoon’s report.
TESLA TUMBLES – Tesla shares slid after the company felt the sting of the massive price cuts it made across its model line this year in hopes of boosting sales. By Tom Krisher. SUBMITTED: 550 words, photos.
TRAFFIC DEATHS – The number of people killed on US roads fell slightly last year, but government officials said the 42,795 deaths were still a national crisis. Estimates by the National Highway Traffic Safety Administration show that the number of deaths will decrease 0.3% from 42,939 deaths in 2021. By Tom Krisher. SUBMITTED: 330 words, photos.
AMAZON HQ2 INCENTIVES – Amazon is asking Virginia for nearly $153 million in state incentive payments, the first tranche of funds to be paid after the tech giant agreed in 2018 to build a second headquarters complex in state. FUTURE: 400 words.
NERDWALLET-PARENT PLUS RELIEF — Federal PARENT PLUS loans have become a last resort for many lower-income families paying for a child’s college education. However, policymakers often ignore these loans when it comes to federal relief and forgiveness, including a new repayment plan, which promises to cut undergraduate student loan payments. by half or more for other federal borrowers. SENT: 810 words, photo.
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