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Salesforce Shares Jump on Upbeat Results in the Face of Tough Economy

Salesforce saw its best day since August 2020 after it raised its full-year profit forecast.

Rising Cost of Living Hurts U.S. Consumer Confidence

U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big-ticket items.

Slumping Technology Stocks Pull Wall Street Lower

Smaller company stocks also fell. The Russell 2000 dropped 27.94 points, or 1.6%, to 1,764.83.

Spirit Airlines Rejects Revised JetBlue Offer, Clearing Way for Frontier Merger

Frontier Airlines has not publicly commented on the latest developments.

NYSE President Talks Volatility, SEC, IPOs This Year from Davos

Current market represents ‘uncertainty’ from consumers, Lynn Martin says from World Economic Forum.

Malaysia Among Economies to Win Big from High Commodity Prices

The situation is likely worse in emerging Asia.

Asian Stocks Rise After Wall St Slips Closer to Bear Market

Retailers and other companies that rely on direct consumer spending mostly rose.

PBWA May Meeting Speaker Focuses on Digital Marketing

Marty Milligan from WSI (We Simplify the Internet) on Digital Marketing will be the guest speaker for the Professional Business Women’s Association May Meeting on Wednesday at 11:30 a.m. at the Purple Iris at Hartwood Manor.

Mohamed El-Erian Shares 2 Reasons Why Fed Policy Must Serve the Real Economy, Not Just Financial Markets

Mohamed El-Erian said the Fed must commit to servicing the real economy, rather than just the markets.

China’s Prices Surge past Forecasts amid Lockdowns, Ukraine War

Soaring factory inflation in world’s second-largest economy could exacerbate rising prices worldwide.

Japan Plans to Gradually Reduce Coal Imports from Russia

The move highlights a potential shift in Japan’s energy procurement policy.

Biden Bets Strong Job Market Will Shield Economy from Slump

So far, consumer spending has been healthy even if the public views the economy as anemic.