Morning Wire Gas Prices Up & Bird Flu Infects Human | Afternoon Update | 4.5.24
Apr 5, 2024
Dive into the latest economic trends, from job growth to rising oil prices that are fueling inflation worries. Explore crucial legal matters, including police practices in NYC and Boeing's recent compensation issues. Discover the financial challenges facing Americans, such as growing property taxes and the need for better retirement planning. Plus, catch up on the latest billionaire rankings, featuring standout names like Elon Musk and Taylor Swift!
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Inflation Concerns
- Economists are worried about a new round of inflation due to rising oil prices and increased job numbers.
- JPMorgan Chase predicts oil will reach $100 per barrel by September.
No Recession Predicted
- Investment analyst Meredith Whitney believes there will not be a recession in 2024, and the Fed will not cut rates.
- She argues the consumer and government spending are too strong, especially during an election year.
NYC Hijab Lawsuit Settlement
- New York City settled a lawsuit for $17.5 million after women were forced to remove their hijabs during arrest.
- The NYPD changed its policy in 2020 to allow religious garments for arrest photos as long as they don't obstruct the face.