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  • Business
    The Canadian Press

    Fed's preferred inflation gauge shows price pressures stayed elevated last month

    WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid. Friday's report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% infla

  • News
    The Canadian Press

    Killer whale calf trapped in B.C. swims out of lagoon on her own

    ZEBALLOS, B.C. — A killer whale calf made her own bid for freedom Friday for a potential reunion with extended family in the nearby ocean, swimming under a bridge at high tide and out of a remote Vancouver Island lagoon where she had been trapped for more than a month. The orca has been the focus of intense rescue efforts since March 23 when her pregnant mother became stranded on a rocky beach near the bridge at low tide and died. The Ehattesaht and Nuchatlaht First Nations say in a statement th

  • Business
    Reuters

    Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges

    Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow. The ratings agency, which reaffirmed its "BBB-" long-term issuer default rating, said it could stabilize the outlook if Boeing liquidates over 100 of its pre-2023 built 737 MAX and half of its 787 inventories by early 2025, along with increasing production of its MAX jets towards 38 per month. Fitch's downgrade follows similar moves by S&P and Moody's earlier in the week on its bumpy cashflow.

  • Business
    Bloomberg

    Oil Posts Weekly Advance Amid Signs of a Tightening Market

    (Bloomberg) -- Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform ItWes