https://wtop.com/dc/2023/05/police-1-fatally-shot-inside-navy-yard-metro-station/

A man was fatally shot Sunday morning on the Washington Metro’s Green Line.

Police received a call around 11:45 a.m. regarding a shooting aboard a Green Line train. Arriving at D.C.’s Navy Yard station, they discovered a man suffering from multiple gunshot wounds.

Despite efforts to save him, the man was pronounced dead at the scene, according to the police department.

Police are searching for a suspect described as a Black man, aged between 25 and 27, with a thin build. He was last seen dressed in black, with curly hair, and carrying a silver or gray gun.

D.C. police Assistant Chief Andre Wright stated that the suspect boarded the Green Line train at L’Enfant Plaza and engaged in an altercation with the victim. The suspect shot the victim several times and then exited the train at the Waterfront station. The train continued to Navy Yard.

Wright characterized the incident as “an isolated event.”

https://www.cnn.com/2023/05/25/business/q1-gdp-second-estimate/index.html

Washington, DC
CNN
—
US economic growth in the first three months of the year was faster than previously estimated, the Commerce Department reported on Thursday.

Gross domestic product, the broadest measure of economic output, increased at an annualized rate of 1.3% in the first quarter, up from an initial estimate of 1.1% reported last month. GDP is adjusted for inflation and seasonality.

The change was mostly driven by an upward revision to private inventory investment, which includes finished goods, materials, and works in progress being saved for a later date. That means inventory investment had less of a drag on GDP earlier this year.

GDP grew at a slower pace in the January-through-March period compared with the previous quarter and was below economists’ expectations. Robust consumer spending, which accounts for about two-thirds of economic output, helped fuel the first quarter’s growth, along with strong government outlays. Businesses cut back their spending on equipment during that period.

So far, economic activity seems to be holding up. Retail sales rebounded in April following two months of declines, advancing a seasonally adjusted 0.4% from the prior month. Employers added 253,000 jobs in April, a strong gain, and average hourly earnings grew 0.5% that month.

https://www.cnn.com/2023/05/15/business/egg-prices/index.html

New York
CNN
—
For months and months, the price of eggs was soaring. Now, they’re going splat.

As of last week, Midwest large eggs — the benchmark for eggs sold in their shells — cost just $0.94 per dozen in the wholesale market, according to Urner Barry, an independent price reporting agency. That’s a sharp fall from $5.46 per carton just six months ago. (In retail, prices are well above $1 per carton, though they too have been declining.)

Why the decline? It’s because of a reversal of supply-demand trends that caused prices to spike in the first place.

Last year, deadly avian flu wiped out a significant number of egg-laying hens, reducing egg supplies. On top of that, farmers had to deal with inflated feed and fuel costs.

Cal-Maine Foods (CALM), the largest US egg producer, reported profit growth of over 700% in the quarter ending February 25 because of higher egg prices. Some US lawmakers like Sen. Elizabeth Warren have asked for more clarity on why prices got so high, raising concerns about possible price gouging.

But now supply is back on track: Though the industry braced for more cases of bird flu this year, the deadly virus seems to be under control. Meanwhile, demand hasn’t kept pace.

The wholesale price drop began in late March, according to Karyn Rispoli, senior egg market analyst at Urner Barry. Prices hit annual lows in early May and have stayed about steady since then, she said.