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  • Investor's Business Daily

    Spotify Stock Surges As Wall Street Endorses Music Streamer's Price Hike

    Spotify Technology shares surged for the second consecutive day on news of a price hike for U.S. subscribers of its music streaming service.

  • Reuters

    Portugal to use golden visa scheme to help migrants, build affordable homes

    Portugal plans to adapt its golden visa scheme to allow wealthy foreigners seeking residency rights to invest in affordable housing for locals or accommodation for migrants, the cabinet affairs minister told Reuters on Tuesday. Antonio Leitao Amaro said the scheme - called a "solidarity visa" - would complement an existing programme, which since 2012 has offered non-EU nationals who invest in Portugal the right to live in the country. The golden visa scheme has attracted more 7.3 billion euros ($7.94 billion) of funds since its launch.

  • Reuters

    US job market hits milestone on long, strange trip back to pre-pandemic normal

    The U.S. job market in April cleared a key hurdle in its slow return from the COVID-19 pandemic when a wonky economic chart known as the "Beveridge Curve" finished its own journey from where it had shifted during the health crisis back to where it was in 2018 to 2019. The Beveridge Curve plots the relationship between job openings and the unemployment rate, and data released on Tuesday further validates an idea floated by Federal Reserve Governor Christopher Waller in mid-2022 that, counter to the idea that inflation could only fall with a large rise in the unemployment rate, the pandemic's elevated level of job openings pointed to an alternate path. A drop in job openings could create the economic "slack" needed for inflation to fall without much change in actual joblessness - returning the Beveridge Curve to where it was.