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May 17 -- Joyce Chang, head of emerging markets at JPMorgan Chase, and Ebrahim Rahbari, global markets economist at Citigroup, examine the gains in consumer prices in April, the Federal Reserve's prospective interest rate hike path, and the best opp Bloomberg
Federal Reserve Chair Janet Yellen led the central bank's April 26-27 meeting.(Photo: Kevin Wolf, AP)
[h=2]Fed minutes could give clues on June rate hike[/h]The financial world will be looking for signs of a possible<span style="color: Red;">*</span>June interest rate hike when the Federal Reserve issues the minutes of its April meeting. The Fed left its key rate unchanged at that meeting, and its statement afterward led many economists to believe a mid-June rate increase is unlikely, especially with a British vote on whether to exit the European Union coming the following week. The meeting minutes out Wednesday could indicate whether a hike is at least possible.
[h=2]Millions more Americans becoming eligible for overtime[/h]The Obama administration will formally unveil its long-awaited rule<span style="color: Red;">*</span>making 4.2 million additional Americans eligible for overtime<span style="color: Red;">*</span>pay Wednesday. In an effort to lift middle-class wages, the threshold at which executive, administrative and professional employees are exempt from overtime pay would jump to $47,476 from the current $23,660. Some employers are embracing the change, but<span style="color: Red;">*</span>others argue companies will simply change job titles, descriptions and schedules to get around it.
Restaurant and retail managers will be among those eligible for overtime under a new federal rule.<span style="color: Red;">*</span>(Photo: Tim A. Parker, for USA TODAY)
[h=2]Nyquist, rivals take their places in Preakness draw[/h]Kentucky Derby winner Nyquist returns to the track this weekend looking to win the 141st Preakness Stakes, the second leg of horse racing’s Triple Crown. But first, the draw for Preakness post positions will be announced Wednesday at 5 p.m. ET at Baltimore's Pimlico Racetrack. Nyquist’s biggest competition could be Exaggerator, which finished second at the Kentucky Derby, but here are<span style="color: Red;">*</span>reasons why each of his rivals could ruin Nyquist’s bid for the Triple Crown.
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Kentucky Derby winner Nyquist is heading to Baltimore to prepare for the Preakness, where the undefeated colt could face up to 13 rivals including nine new shooters seeking to derail his Triple Crown bid. (May 9) AP
[h=2]EEOC takes on tech diversity, or lack thereof[/h]The Equal Employment Opportunity Commission plans to hold a rare public hearing Wednesday on a hot-button issue<span style="color: Red;">*</span>in Silicon Valley: the lack of women, minorities and older workers, particularly in technical roles. The anti-discrimination watchdog will meet<span style="color: Red;">*</span>at its Washington, D.C., headquarters and review the employment practices behind an industry dominated by white and Asian men. Meanwhile, tech companies say they are<span style="color: Red;">*</span>launching a variety of hiring initiatives, from unconscious bias training to partnerships with minority tech programs.
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Kimberly Bryant, founder of Black Girls Code, talks about her experience and the future of diversity in the tech industry. Martin E. Klimek, USA TODAY
[h=2]Get ready to ogle all things Google[/h]Thousands will descend on Mountain View, Calif., for Google's annual get-together for software developers where the focus will be on two major trends: artificial intelligence and virtual reality. For weeks, workers have been constructing a Google-themed park to immerse developers in the artificial intelligence-powered future that Google envisions. The ambitious agenda is typical for Google, mythologized for its "moonshots" such as driverless cars, and whose market value under its parent company, Alphabet, passed Apple for tops in the world last week.
Google headquarters in Mountain View, Calif.<span style="color: Red;">*</span>(Photo: Justin Sullivan, Getty Images)
And the essentials:
Weather:<span style="color: Red;">*</span>Storms will roll across the southern tier of the U.S. on Wednesday while most of the northern tier stays dry.
Stocks:<span style="color: Red;">*</span>U.S. stock futures were little changed<span style="color: Red;">*</span>Wednesday, before the release of<span style="color: Red;">*</span>Federal Reserve minutes.
TV Tonight: Wondering what to watch tonight? TV critic Robert Bianco looks at<span style="color: Red;">*</span>Survivor<span style="color: Red;">*</span>and<span style="color: Red;">*</span>Empire.
Be inspired:<span style="color: Red;">*</span>Joe Aiello, an 89-year-old grandfather, rappeled down the side of a Rochester, N.Y. skyscraper.
If you missed Tuesday's news,<span style="color: Red;">*</span>we’ve got you covered.
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