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The Consumer Price Index rose 0.3% in April, slightly below economists' expectations. Inflation was 3.4% annually in April, in line with forecasts. Core inflation, which excludes volatile food and energy prices, rose 0.3% month-over-month and 3.6% year-over-year in April. Shelter costs increased 0.4% in April and were up 5.5% from a year ago. Energy prices rose 1.1% in April and were up 2.6% annually, while food prices were flat monthly. Used and new vehicle prices declined in April. Inflation remains above the Fed's 2% target, but signs of easing could allow them to pause rate hikes until more data is available in 2024.
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One of Northern Ireland’s leading publicans has completed a major renovation of The Whitefort in west Belfast and created 50 new jobs.<br/><br/>Jim Conlon has played a key role in the evolution of Belfast’s hospitality industry and operates some of the city’s most popular venues including Henrys, The Jailhouse and Whites. And now, he has announced the completion of the first phase of a multi-million pound refurbishment programme of the first bar in his extensive portfolio which he opened a decade ago.<br/><br/>The Whitefort has been completely transformed with the £1.5m investment spanning over two floors. The refreshed interior design was developed by hospitality design specialists O’Donnell O’Neill who have helped to reinvent the spaces to present an entirely new customer experience. <br/><br/>The ground floor has been opened up and now includes an extensive island bar, cocktail bar, restaurant booth seating and staging area for live entertainment. Whilst the second floor is now a contemporary sports bar with 11 pool tables, three interactive dart boards, a media wall for live sports, a premier area for private events accommodating from 10 – 200 people and further staging area. Outside boasts a new sun terrace for al fresco dining.<br/><br/>An exciting new food menu using the best of local ingredients has been created by head chef, David Donnelly. A new pouring partnership has been agreed with Molson Coors expanding the drinks offering to include Coors light, Madri, Carling, Rebel Red, Well Hazy, Punk IPA and Rekorderlig Cider.
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Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth.
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Since their launch, Mercedes‑Benz has continuously developed the EQS and its siblings. Independent of model updates and faster than ever before, innovations have been incorporated into the series for the EQS, EQE, EQS SUV and EQE SUV. The company has responded to market and customer feedback more quickly than ever before with numerous product upgrades. For the current change year 2024, the EQS is now receiving an extremely extensive update package. The electric flagship comes with up to 82 kilometres more range, a new radiator cover with chrome applications and an upright Mercedes star on the front hood as well as even more comfort in the rear.<br/>The EQS was already one of the electric cars with the longest range. In the future, customers will be able to cover even more kilometres without stopping to charge. Thanks to an increased battery capacity from 108.4 to 118 kWh, the maximum range of the EQS 450 4MATIC, for example, increases from 717 to 799 kilometres. This means an increase in range of more than 11 percent. With a range of 683‑822 kilometres, the EQS 450+even exceeds the 800-kilometre mark.
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Hims and Hers , to Offer Weight Loss Injections.<br/>GLP-1 medications like Ozempic and Wegovy have become increasingly popular.<br/>However, the market has faced some supply constraints recently because of that popularity.<br/>On May 20, Hims & Hers Health announced that it will be providing access to compounded GLP-1 weight loss injections, CNBC reports. .<br/>Company shares jumped over 30% <br/>following the announcement.<br/>Compounded versions of medications are created <br/>by certain manufacturers who meet FDA requirements when there are medication shortages.<br/>However, the products are not tested <br/>for safety and efficacy by the FDA.<br/>The new offering of compounded GLP-1 medications can be accessed by getting a prescription from a health care provider on the Hims & Hers site.<br/>Branded GLP-1 injections will be made available <br/>once the supply becomes more consistent.<br/>The price for compounded injections will <br/>start at $199 per month, CNBC reports. .<br/>Prior to announcing its GLP-1 offerings, <br/>Hims & Hers revealed in an earnings report...<br/>... that it anticipates its weight loss <br/>program to garner over $100 million <br/>worth of revenue by December 2025.<br/>Hims & Hers CEO Andrew Dudum said that he is \
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Home Depot reported first-quarter earnings that beat expectations, but revenue missed estimates. The company saw softer sales as high interest rates caused customers to defer large home renovation projects like kitchen and bathroom remodels. Comparable sales dropped over 2% across the business and declined more than 3% in the US compared to the prior year period. Weather also negatively impacted spring sales of outdoor products as many parts of the country experienced colder and wetter conditions. Home Depot reaffirmed its full-year guidance but expected comparable sales to decline.
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The CUPRA Leon is developed to revamp the high-performance compact segment, building on the generations of vehicles that came before it.<br/>“The king of Leons draws together the core elements that every vehicle of the brand must have: design, performance and dynamism,” said Wayne Griffiths, President of CUPRA and SEAT. “It is a vehicle that is helping us to win over even the most demanding car enthusiast, grow the brand, and take its vehicles to an even broader audience.”<br/>Underpinned by the MQB Evo platform and a suite of technologies, the design and development team created a vehicle that specifically delivers CUPRA’s core characteristics. At its heart is a range of extraordinary powertrain options that mix the most advanced combustion technology and the pinnacle of the industry’s push towards electrification.<br/>Available in two body styles available – 5-door and Sportstourer – the CUPRA Leon expands its appeal, allowing customers to choose the vehicle that best fits their lifestyle, without needing to compromise on performance, comfort or practicality.
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A recent report from the Federal Reserve Bank of San Francisco says American consumers have spent their pandemic money and now have more debt than savings. Veuer’s Matt Hoffman has the story.
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My Name is Khan, introduces us to a global, multicultural theme from the<br/>perspective of an innocent Muslim in the horror of the post-9/11 United States.<br/>Victimized for being autistic in his native India, Rizvan Khan also faces the<br/>perennial violence and hate generated by the anti-Muslim pogroms there. While<br/>an impressionable child, his mother, Razia Khan, teaches him a very profound<br/>ethical lesson - that irrespective of caste, class, race, religion, or ethnicity, there<br/>are only two kinds of people - good ones who do good deeds, and bad ones who<br/>do bad deeds.<br/>After immigrating to the United States, Rizvan works as a salesman for his<br/>brother Zakir Khan’s herbal beauty products company. Due to his strong work<br/>ethic, he is able to enjoy the benefits of the American Dream. Despite opposition<br/>from his brother, he marries a Hindu divorcee, Mandira, who has a 6-year old son,<br/>Sameer, and becomes part of her family. They work hard, lead a happy life, and<br/>are well integrated into a multicultural community.<br/>After the tragic events of 9/11 Rizvan’s whole world turns upside down.<br/>Due to prejudice, Mandira's customers abandon her beauty salon and she is forced<br/>to close and seek work elsewhere. 9/11 marks a watershed moment concerning<br/>the rights of Muslims in the US. The ignorance, fear, racism, and hysteria<br/>generated by the media lead to stereotyping, demonization, stigmatization, and<br/>brutal attacks against Muslims. The film depicts the cruel, inhumane, and racist<br/>character of American society, where Muslims are considered less than human<br/>and their rights trampled upon with impunity, based on unsubstantiated and vague<br/>suspicions. Due process and equal protection rights are disregarded due to the<br/>hysteria generated by terrorism. We see events get even uglier when Sameer,<br/>Mandira's son, is killed by four racist bullies at his school. Mandira is beside<br/>herself with grief and blames Rizvan and his Muslim-ness for all their woes. She<br/>asks Rizvan to leave and only return when he is able to tell the President of the<br/>United States that he is not a terrorist. Accordingly, Rizvan leaves San Francisco<br/>in search of the President to deliver his message.<br/>This movie depicts the gross violations of the civil/human rights<br/>experienced by the Muslim community in the US, which arose from prejudice,<br/>collective blame, and hate incited against Muslims. While attempting to meet<br/>President Bush, Rizvan is arrested for suspicion of being a terrorist and is placed<br/>in solitary confinement, in flagrant violation of his constitutional rights. He is<br/>strip/cavity searched and dehumanized by overzealous law enforcement agents<br/>and classified as a dangerous terrorist. In time, due to the advocacy of Rizvan's<br/>friends, the authorities realize they have made a mistake and release him.
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Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.
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Major U.S. airlines, including American, Delta, and United, are suing the Biden administration over a new rule on flight fee transparency. The Transportation Department's rule requires airlines to disclose baggage, cancellation, and change fees earlier in the booking process. Airlines must show all fees on the first website page when quoting a flight price. The airlines' industry group argues the rule overreaches and will confuse consumers with too much information. Southwest Airlines is not part of the lawsuit, as the rule would minimally impact them due to their customer-friendly policies on baggage and reservation changes.
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