Morning Brew Daily Airbnb Gets Into Luxury Lifestyle & ESPN's New Streaming App
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May 14, 2025 The latest inflation report shows a slowing CPI rate, providing some economic relief. ESPN reveals exciting details about its new standalone streaming service, aiming to enhance sports viewing experiences. Airbnb is stepping up its game with luxury offerings, including personal chefs and trainers, to attract customers back from hotels. Meanwhile, tech companies face a rising threat from North Korean cyber operatives impersonating remote workers, raising serious security concerns. Plus, Cannes Film Festival prioritizes films over celebrity glitz!
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Rare S&P Comeback in May
- The S&P 500 erased a decline of over 15% by mid-May, a rare and quick recovery since WWII.
- This comeback suggests unpredictability and potential for a volatile or booming year ahead.
Inflation Cooling Despite Tariffs
- April's inflation slowed to 2.3% annually, the lowest since 2021, with grocery prices falling notably.
- Tariffs had minimal impact so far, suggesting retailers might absorb costs or inventory is buffered.
Goods vs Services Inflation Diverge
- Goods prices rose modestly despite tariff fears, indicating cost absorption or stockpiling.
- Services prices grew slower, signaling consumer cutbacks in travel and leisure expenditures.