Bank Failures Market Turmoil Fuel Bets on A Pause in Fed Interest Rate Increases
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US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.The Wall Street Journal - World -
Big business bets on Modi
India registered one of the world’s fastest rates of economic growth during Narendra Modi's leadershipFinancial Times - World -
Flood of Cheap Chinese Steel Fuels Global Backlash
The country’s property bust has saddled its steelmakers with a glut of unsold metal that they are now shipping overseas at knockdown prices.The Wall Street Journal - World -
CIA director: Iranian attack on Israel was a 'spectacular failure'
CIA Director William Burns says Iran’s attack on Israel “turned out to be a spectacular failure” and that the U.S. hopes tensions in the region will ease.NBC News - Top stories - Israel -
They Bet Against the Dollar. Now They're Paying the Price.
The dollar recently hit a 34-year high against the yen, sending ripples through global markets.The Wall Street Journal - World -
Nikkei Stock Index May Have Hit Bottom for Now
The Nikkei Stock Average was likely to have hit a bottom after a sharp fall triggered in part by growing Iran-Israel tensions, said Sumitomo Mitsui DS Asset Management.The Wall Street Journal - World -
Gold Steady as Risk-Off Sentiment Offsets Reduced Hopes for Fed Cuts
Gold was steady in early Asian trade, as risk-off sentiment offsets concerns over hawkish Fed comments earlier this week which dampened hopes for interest-rate cuts.The Wall Street Journal - World - Federal Reserve -
Asia Markets Fall After Israeli Strike on Iran
Stock markets in Asia fell while safe-haven assets such as U.S. Treasurys, the yen and the Swiss franc rose sharply after Israel launched a retaliatory strike against Iran early Friday.The Wall Street Journal - World - Israel -
Reality TV's Chrisleys are appealing their bank fraud and tax evasion convictions in federal court
Reality TV stars Todd and Julie Chrisley have appealed aspects of their convictions on federal charges of bank fraud and tax evasionABC News - Entertainment -
Oil Falls as Markets Remain on Edge Amid Middle East Tensions
Oil fell in early Asian trade, hovering at a three-week lowThe Wall Street Journal - World -
How EU leaders fudged a compromise on integration of capital markets
Also in this newsletter: Italy’s Meloni allows anti-abortion campaigners to enter clinicsFinancial Times - World - European Union -
Markets react as US says Israel has struck Iran
Oil and gold prices rose and shares fell in Asian trade.BBC News - Top stories - Iran -
Mortgage rates are now at the highest level of the year and could still climb
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going.NBC News - Top stories - Mortgage -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
Liverpool ratings: Salah gets 6/10 in elimination to Atalanta
Mohamed Salah was able to get his goal but Liverpool wasn't able to do enough as they were eliminated from the Europa League at the hands of Atalanta.ESPN - Sports -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage