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Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter
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German 10-Year Bund Yields Seen Finding New Range Above 2.5%
German Bunds seem to be establishing a new range above the 2.5% yield level in the 10-year maturity, with moves higher in yields offering entry opportunities to investors, Commerzbank Research said.The Wall Street Journal - World - Germany -
Dollar Could Fall Further if U.S. Jobs Data Is Weak
ING said weaker U.S. jobs data could cause the dollar to extend falls, after it hit a three-week low against a basket of currencies.The Wall Street Journal - World -
Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.CNBC - Business - Federal Reserve -
SocGen makes patchy progress in first quarter
French bank offset weak fixed-income trading revenues with better performance in investment bankFinancial Times - Business -
Apple Is Buffett's Best Investment. It's Also Now One of His Riskiest.
The legendary investor and his longtime partner, Charlie Munger, changed their stripes for a tech stock. Now, the size of the stake is worrying some Berkshire shareholders.The Wall Street Journal - World - Apple -
How a One-Month Fitness Pass Turned Into a Lifetime Commitment
Andrew Matt met Kayla Dye six years ago at an indoor cycling studio in Dallas after signing up for a class she was teaching. Both instructor and student were immediately smitten.The New York Times - Lifestyle -
Norges Bank Holds Rates Steady
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
Apple's revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.
Apple’s revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.The Wall Street Journal - World -
Japan used $59bn to prop up the yen but consumers may still cut back
Government interventions this week fail to ease concerns about plunging currencyFinancial Times - Business - Japan
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Apple's falling iPhone sales don't bother Wall Street so long as margins, buybacks are increasing
Apple shares jumped after the company's earnings report on Thursday even though iPhone sales dropped more than expected.CNBC - Business - Apple -
China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.CNBC - Business - China -
Don't rate Tesla's Full Self Driving too highly, tech investor says: 'By no means autonomous driving'
A top fund manager focusing on tech says Tesla's Full Self Driving product lacks qualities that would make it an example of truly "self-driving" technology.CNBC - Business -
Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
Sony and Apollo showed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.CNBC - Business -
Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.CNBC - Business - Turkey