Banking Strains Inflation Threaten Global Economic Rebound
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The economics of running
Does a hotter economy really make you faster?Financial Times - World -
Cybersecurity Venture Market Rebounds With Tailwind From AI
While startups across most sectors face a difficult fundraising environment, cybersecurity startups are showing signs of life, thanks in part to their sector’s ties to artificial intelligence.The Wall Street Journal - World -
Bitcoin price briefly drops below $60,000 before rebounding ahead of halving
Bitcoin rose above $64,000 on Friday after dropping below the $60,000 mark as the cryptocurrency continues to see volatility ahead of the upcoming halving.CNBC - Business - Crypto -
Chinese Exports Are Threatening Biden’s Industrial Agenda
The president is increasingly hitting back with tariffs and other measures meant to restrict imports, raising tensions with Beijing.The New York Times - Business - Joe Biden -
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 -
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 -
Is the global economy stumbling into ‘the tepid Twenties’?
Growth is picking up in the short term, but fears are mounting of a stagnant decade, with bleak political consequencesFinancial Times - Business -
BOC's Macklem Says Inflation Edges 'Closer to Normal'
Bank of Canada Gov. Tiff Macklem says inflation is getting “closer to normal” and officials will monitor incoming data to check whether the downward momentum can be maintained.The Wall Street Journal - World -
Comer threatens to subpoena Granholm for testimony on SPR withdrawals, LNG export pause
House Oversight Committee Chair James Comer (R-Ky.) threatened to subpoena Energy Secretary Jennifer Granholm Friday to ensure her appearance at a May 15 hearing. “Secretary Granholm must avoid further delay & appear for a scheduled hearing on May ...The Hill - Politics -
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 -
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 -
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 - Politics -
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 -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 04/22/24ABC News - Entertainment -
U.S. dollar — and its No. 1 status — could become a casualty of economic war
A less-respected U.S. dollar will have major implications for world trade and American consumers.MarketWatch - Business -
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 -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
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 -
Biden campaigns with Kennedy family amid fears RFK Jr. could threaten campaign
President Biden held a campaign event with 15 members of the Kennedy family Thursday, as they threw their support behind Mr. Biden instead of their own relative, Robert F. Kennedy, Jr. His family's public endorsement of Mr. Biden signals how ...CBS News - Politics - Joe Biden -
Man arrested in Paris after police cordon off Iranian consulate due to reported bomb threat – Europe live
Local media reports a man entered the consulate saying he had explosives and wanted to avenge his brother. “Russia must be held accountable. Ukraine urgently requires more air defence support!” wrote the EU’s ambassador in Kyiv, Katarina ...The Guardian - World - Iran -
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.The Wall Street Journal - Tech -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
Let California lead the way out of our global plastic pollution crisis
California has recognized this urgency and in 2022 passed SB54, mandating a 25 percent reduction in single-use plastics — the strongest plastics policy in the world.The Hill - Politics - California -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Venice Biennale 2024 is a rapturous celebration of unfamiliar global artists
Aesthetics meets postcolonial politics as curator Adriano Pedrosa foregrounds art from Indigenous creators and the ‘Global South’Financial Times - Business -
At G7 Meeting in Capri, Blinken Tackles Rough Seas and Global Crises
Secretary of State Antony J. Blinken and his counterparts, who met on the Italian island of Capri, welcomed signs that tensions between Iran and Israel might not worsen.The New York Times - World -
Children of reality TV's Chrisleys hope court hearing is step toward bringing convicted parents home
Reality TV stars Todd and Julie Chrisley have appealed aspects of their convictions on federal charges of bank fraud and tax evasionABC News - Entertainment -
Kenya’s ‘blood desert’: can walking donor banks and drones help more patients survive?
The national blood deficit is most pressing in places like Turkana, where malaria, anaemia and violence make heavy demands on transfusion services – and doctors are pinning their hopes on innovation. In his small cubicle in Lodwar County referral ...The Guardian - World -
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
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 -
Israel retaliated against Iran's massive drone and missile attack on its territory, a move that threatens to send the countries deeper into an escalatory spiral that could lead to war.
Israel retaliated against Iran’s massive drone and missile attack on its territory, a move that threatens to send the countries deeper into an escalatory spiral that could lead to war.The Wall Street Journal - World -
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 -
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 -
P&G Sales Boosted by Higher Prices Outside the U.S.
Higher prices for diapers and razors boosted sales and profits at Procter & Gamble in the latest quarter, but the maker of Pampers and Tide said it held the line on goods in the U.S.The Wall Street Journal - World -
Trump Media CEO Asks Nasdaq to Help Enforce Short-Selling Rules
Shares of Truth Social’s parent are up about 10% premarket, setting up another volatile session. Trump Media’s CEO asked for helping in preventing illegal naked short selling.The Wall Street Journal - World - Donald Trump -
WSJ Dollar Index Rises 0.3% This Week
The dollar was flat Friday but edged 0.3% higher on the week, marking a second-straight weekly gain.The Wall Street Journal - World -
China's Securities Regulator Eases Trading Rules With Hong Kong
China’s securities regulator released a series of measures to boost trading with Hong Kong, the country’s latest move to shore up investor confidence after recent stock-market volatility.The Wall Street Journal - World - China