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Economy Q1 Economic Growth at 2.3 Percent. Slower than last quarter. Low unemployment but very little increase in consumer spending Inflation at 2.7%. Core inflation at 2.5% Interest rates are being raised to prevent inflation for a target inflation rate of 2%.
World Korean War Ended Denuclearization Pledged Palestinians Try to Breach Gaza Fence (3 Killed, 900+ wounded) Trade fears continue. Negotiations between China and the U.S. start next week.
Corporate Q1 Earnings came out for many companies. Winner was Amazon. Facebook also had significant earnings growth. More Q1 earnings are being released over the next week High oil and gas prices may affect earnings particularly among airlines. Sprint and T-Mobil have announced a merger. It will be a 26 billion dollar deal. This merger would leave only three major players in the telecommunications industry