Bank of England Hikes Interest Rates by 25 Basis Points after Inflation Surprises
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Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
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 -
Why the Fed Should Declare Victory and Cut Interest Rates.
Small business owners are being punished by the central bank's data obsession. We need to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
UK inflation could stay near 2% target for three years, says BoE rate-setter
Dave Ramsden’s comments suggest he does not need much more evidence of price growth falling before backing rate cutsFinancial Times - Business - United Kingdom -
Vitesse Arnhem relegated from Eredivisie after 18-point deduction
Dutch club relegated in wake of Guardian and TBIJ investigationDocuments appeared to show financial ties to AbramovichThe Dutch football association has deducted 18 points from Vitesse Arnhem, officially confirming the club’s relegation, in the ...The Guardian - World -
A contrarian take on the US inflation freakout
Not as bad as it looks — better for the Fed to keep calm, and carry on?Financial Times - World -
Chris Mason: how mayors became the fashionable thing in England
Ahead of elections in May, political editor Chris Mason looks at England's mayoral model.BBC News - Top stories -
Playing at the 'edge' key to England's title charge
Head coach John Mitchell wants his England side to continue playing "on the edge" as they close in on a sixth successive Women's Six Nations title.BBC News - Top stories -
Marking 25 years since the Columbine shooting
Saturday marks 25 years since the devastating Columbine High School shooting in Littleton, Colorado. Twelve students and one teacher were killed when a pair of students opened fire during a school day in what became one of the most high-profile ...CBS News - Top stories -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Nottingham Forest's points appeal hearing set for Wednesday
Nottingham Forest's appeal against their Premier League points deduction will be heard on Wednesday.BBC News - Top stories -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
Lost orchards and blossom flourish in placenames across England and Wales
Doubling of related street, house and farm names since 1900 gives glimpse of flower ‘ghosts’, says National Trust. Over the last century orchards and blossom trees have been slipping out of the British landscape at an alarming rate but the ...The Guardian - World -
Extra 85,000 childcare places needed in England to meet government target
Official estimates come as ministers set out pilot scheme repurposing empty school spaceFinancial Times - World -
AJ Simon, Albany defensive standout and NFL Draft prospect, dies at 25
Simon had visited with the Patriots ahead of next week's NFL draft.Yahoo Sports - Sports - NFL -
War in Gaza Causes Surprising Rift Within Japanese American Group
Activists in the Asian American community are pressuring organizations to re-evaluate their partnerships and to call for a cease-fire.The New York Times - Top stories -
Surprise: Taylor Swift's 'Tortured Poets Department' is a double album, 'The Anthology'
Taylor Swift dropped not one album overnight but two. The double effort's title is 'The Tortured Poets Department: The Anthology.' It includes 15 more tracks.Los Angeles Times - Entertainment -
Taylor Swift’s new album drops with surprise 15 additional tracks
It’s a new era for Taylor Swift and her fans. The superstar dropped her new album “The Tortured Poets Department.” She then surprised fans with an additional 15 tracks.CBS News - Entertainment -
Senate Boeing hearings open with fingers pointing back at FAA
Politico - Politics -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
Japan’s inflation marks two years above BOJ’s target as meeting looms
Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.MarketWatch - Business - Japan -
Nasdaq, S&P 500Drop After Israel Strikes Iran
Stocks were mixed, with the Nasdaq in retreat and the Dow edging higher. The Nasdaq and S&P 500 were on track for weekly losses, extending an April slump.The Wall Street Journal - World - Iran -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.The Wall Street Journal - World -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Top stories -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
UEFA Champions League coefficient: What to know as Italy secures a fifth UCL spot and England collapses
Spain rallies to keep Europe's second spot but loses both Barcelona and Atletico MadridCBS Sports - Sports - UEFA Champions League -
Wellness Is Simpler Than You Think: 25 Years of Research Shows All You Need Is the 5-Step Perma Method
Ignore wellness gurus peddling useless classes and crystals. This is what science says matters for wellness.Inc. - Business -
Environmental Damage Could Cost You a Fifth of Your Income Over the Next 25 Years
The world is already committed to warming that will undercut the global economy by 20 percent between now and 2050. That’s six times the price of limiting warming to 2 degrees Celsius.Wired - Tech -
FedEx to fund $25 million for Memphis NIL in what's believed to be largest corporate partnership with athletes
The investment will cover $5 million in NIL contracts for Memphis athletes for five straight yearsCBS Sports - Sports -
College basketball rankings: Kansas lands Wisconsin transfer AJ Storr, jumps Houston for No. 1 in Top 25 And 1
The Jayhawks have upgraded their roster and are the new No. 1 team in the way-too-early Top 25 And 1CBS Sports - Sports -
FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes
FedEx has pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletesABC News - Sports -
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